Neurocrine Biosciences, Inc. logo NBIX - Neurocrine Biosciences, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 32
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $184.38 DETAILS
HIGH: $230.00
LOW: $140.00
MEDIAN: $185.00
CONSENSUS: $184.38
UPSIDE: 17.66%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Revenue
Revenue 2,860.5 2,355.3 1,887.1 1,488.7 1,133.5 1,045.9 788.1 451.2 161.6 15 19.8 0 2.9 53.1 77.4 33.5 3.0 4.0 1.2 39.2 123.9 85.2 139.1 18.0 41.2 14.6 16.8 16 26.1 19.2
Cost of Revenue 52.1 34 39.7 23.2 14.3 10.1 7.4 4.9 1.3 0 0 14.4 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.2) (2.1) (1.7) (1.3) (1)
Gross Profit 2,808.4 2,321.3 1,847.4 1,465.5 1,119.2 1,035.8 780.7 446.3 160.4 15 19.8 (14.4) 0 0 77.4 33.5 3.0 4.0 0 0 0 0 0 0 0 16.8 18.9 17.7 27.4 20.2
Operating Expenses
R&D Expenses 1,015.7 731.1 565 463.8 328.1 275 200 155.8 91.8 94.3 81.5 46.4 39.2 37.2 31.0 31.2 33.7 55.5 82.0 97.7 106.6 115.1 177.3 108.9 74.3 40.2 29.2 21.8 19.9 12.6
SG&A Expenses 1,156.2 1,007.2 887.6 752.7 583.3 433.3 354.1 248.9 169.9 68.1 32.5 18.0 13.3 13.4 12.5 16.1 14.8 20.2 37.5 54.9 42.3 22.4 20.6 12.7 10.9 10.0 7.5 6.6 5.7 3.7
Other Expenses 17.4 12.5 143.9 0 105.3 164.5 154.3 4.8 30 0 0 0.0 0 1.1 0.1 2.8 2.6 2.1 94 0 0 0 0 0 0 2.2 2.1 1.7 1.3 1
Operating Expenses 2,189.3 1,750.8 1,596.5 1,216.5 1,016.7 872.8 708.4 409.5 291.7 162.4 114.0 64.4 52.6 51.7 43.5 47.2 56.6 91.3 213.5 152.6 149.0 137.5 197.9 121.7 85.1 52.4 38.8 30.1 26.9 17.3
Operating Income
Operating Income 619.1 570.5 250.9 249 102.5 163 72.3 36.8 (131.4) (147.4) (94.2) (64.4) (49.7) 1.4 33.9 (13.7) (53.7) (87.3) (212.2) (113.3) (25.1) (52.3) (58.8) (103.6) (43.9) (35.6) (19.9) (12.4) 0.5 2.9
Interest Expense 0 126.6 4.6 7.1 25.8 32.8 32 30.5 19.5 0 0 0 0 0 0 0 0 7.0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 90.3 91 0 11.2 0 0 0 0 0 2.8 1.9 0.6 0.4 0.5 0.4 0.4 0.7 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 666.6 639.7 416.1 264.6 138.1 148.1 85.9 56.3 (120.6) (139.6) (87.9) (63.6) (49.0) 2.1 34.6 (12.3) (47.9) (74.0) (202.8) (102.8) (15.0) (45.3) (55.1) (100.5) (41.2) (33.4) (17.8) (10.7) 1.8 3.9
EBIT 636.5 612.6 394.8 249 127.2 139.5 78.5 52.3 (123.0) (141.1) (88.9) (64.4) (49.7) 1.4 33.9 (13.7) (51.1) (81.6) (212.2) (113.3) (25.1) (52.3) (58.8) (103.6) (43.9) (35.6) (19.9) (12.4) 0.5 2.9
Income Before Tax 705.4 486 332.1 213.9 101.4 106.7 46.5 21.8 (142.5) (141.1) (88.9) (60.5) (46.1) 5.0 37.6 (8.0) (88.6) (88.6) (207.3) (107.2) (22.2) (45.7) (30.1) (94.5) (36.8) (28.5) (19.7) (19.8) 5.3 6.1
Income Tax Expense 226.8 144.7 82.4 59.4 11.8 (300.6) 9.5 0.7 0 0 0 0 0 0 0 0 0.2 0 0 0 0 0.1 0.2 0 0.1 0.3 (3.1) 7.6 0.2 0.2
Net Income 478.6 341.3 249.7 154.5 89.6 407.3 37 21.1 (142.5) (141.1) (88.9) (60.5) (46.1) 5.0 37.6 (8.0) (51.0) (88.6) (207.3) (107.2) (22.2) (45.8) (30.3) (94.5) (36.9) (28.8) (16.8) (20) 5.1 5.9
Per Share Data
EPS (Basic) 4.81 3.40 2.56 1.61 0.95 4.37 0.40 0.22 -1.62 -1.63 -1.05 -0.81 -0.69 0.08 0.68 -0.15 -1.30 -2.30 -5.45 -2.84 -0.60 -1.26 -0.93 -3.10 -1.42 -1.30 -0.88 -1.10 0.30 0.39
EPS (Diluted) 4.67 3.29 2.47 1.56 0.92 4.16 0.39 0.22 -1.62 -1.63 -1.05 -0.81 -0.69 0.08 0.67 -0.15 -1.30 -2.30 -5.45 -2.84 -0.58 -1.26 -0.93 -3.10 -1.42 -1.30 -0.88 -1.10 0.28 0.36
Shares Outstanding 99.5 100.4 97.7 95.8 94.6 93.1 91.6 95.4 88.0 86.6 84.5 74.6 66.8 65.6 55.2 52.8 39.1 38.4 38.0 37.7 36.8 36.2 32.4 30.5 26.0 22.1 19.1 18.1 17 15.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996
Current Assets
Cash & Cash Equivalents 713 233 251.1 262.9 340.8 187.1 112.3 141.7 254.7 83.3 37.3 68.5 61.0 105.9 44.3 163.9 21.1 21.3 11.7 15.8 11.3
Short-Term Investments 767.4 843.1 780.5 726.4 370.5 613.9 558.2 509.2 261.2 224.1 16.1 12.0 240.1 347.3 200.4 156.1 143.6 69.8 0 0 0
Net Receivables 686.8 479.1 439.3 350 185.5 157.1 126.6 57.4 31.1 0 0 0.0 8.2 13.7 0.2 9.9 6.0 1.5 1.4 0.2 1.3
Inventory 69 57.4 38.3 35.1 30.5 28 17.3 10.9 1.0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 286.5 112.1 97.8 79.1 45.5 30.1 16.6 18.6 6.8 3.1 1.9 0.9 4.5 5.0 3.1 1.6 1.8 2.2 52.5 60.4 59.5
Total Current Assets 2,522.7 1,724.7 1,607 1,453.5 972.8 1,016.2 831 737.8 554.9 310.4 55.4 81.4 313.8 471.8 248.1 331.5 172.4 94.8 65.6 76.4 72.1
Non-Current Assets
Property, Plant & Equipment 545.2 592 347.3 145.6 155.8 127.4 116.2 33.9 10.8 6.3 2.7 6.2 102.2 56.2 14.1 12.1 11.3 11.2 10.9 8.8 3.5
Goodwill 0 5.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 36.5 35.5 37.2 0 0 0 0 0 0 23.4 0 0 0 0 0.2 0.4 0.6 1 1.2 1.4
Long-Term Investments 1,183.8 864.3 849.4 401.5 624.4 265.3 355.6 216.0 247.4 43.5 6.4 21.1 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 59.5 9.8 49.6 25 4.4 6.4 3.2 5.5 4.5 4.9 6.3 9.5 103.2 26.9 4.3 2.6 1.9 2.6 3 5.5 1
Total Non-Current Assets 2,108.8 1,994 1,644.4 915.2 1,099.7 718.5 475 255.4 262.7 54.6 15.4 36.8 205.4 83.1 18.4 14.8 13.6 14.4 14.9 15.5 5.9
Total Assets 4,631.5 3,718.7 3,251.4 2,368.7 2,072.5 1,734.7 1,306 993.2 817.6 365.1 70.8 118.2 519.2 555.0 266.5 346.4 186.0 109.2 80.5 91.9 78
Current Liabilities
Account Payables 104.9 110 133.3 67.3 51.5 39.4 41.4 38.4 5.6 5.1 2.2 1.6 5.4 1.3 2.0 1.5 1.1 2.4 2.5 1.8 0.8
Short-Term Debt 0 0 170.1 169.4 0 0 408.8 0 0 0 4.3 7.9 6.7 4.0 2.7 2.1 1.6 1 0.8 0.9 0.8
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 5.8 2.9 27.7 49.7 5.7 5.4 0 0 0 0 0
Other Current Liabilities 423.9 297.7 261.4 225.4 133.3 90.6 84.7 42.8 25.8 13.8 2.3 2.8 0 0 0 0 12.3 5.2 2.3 4.3 2.5
Total Current Liabilities 743.4 507.7 654.8 537.7 245.8 186.5 565.3 88.2 54.4 30.4 20.0 26.1 59.6 110.0 32.5 24.8 15.0 8.6 5.6 7.4 4.1
Non-Current Liabilities
Long-Term Debt 0 0 0 0 335.1 317.9 0 388.5 369.6 0 7.2 0 59.5 32.5 0 0 2.3 2.1 2.2 0.7 0.8
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 219.7 166.2 106.3 29.7 12.3 9.7 17.1 25.4 11.2 9.6 0.9 36.0 6.4 21.4 4.5 7.6 5.5 2.1 0.7 1 0.3
Total Non-Current Liabilities 635 621.3 364.6 123.2 452.7 422 103.8 424.2 391.0 19.8 46.9 55.3 65.8 53.8 9.8 11.2 7.8 4.2 2.9 1.3 1.1
Total Liabilities 1,378.4 1,129 1,019.4 660.9 698.5 608.5 669.1 512.4 445.5 50.2 66.9 81.4 125.4 163.8 42.3 36.0 22.8 12.8 8.5 8.7 5.2
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0 0
Retained Earnings 447.7 29.2 (157.1) (406.8) (635.8) (725.4) (1,132.7) (1,177.8) (1,198.9) (1,056.3) (754.3) (703.3) (278.0) (232.2) (201.9) (107.4) (70.5) (41.7) (24.9) (4.9) (10)
Accumulated Other Comprehensive Income 13.1 5.8 7 (7.9) (1.7) 1.8 1.4 (1.9) (1.9) (0.3) 1.2 (1.6) (2.3) 0.7 2.1 (2.3) 0.1 (0.6) (4.2) (3) (2)
Total Stockholders' Equity 3,253.1 2,589.7 2,232 1,707.8 1,374 1,126.2 636.9 480.8 372.1 314.9 4.0 36.8 393.8 391.1 224.3 310.4 163.2 96.4 72 83.2 72.8
Total Liabilities & Equity 4,631.5 3,718.7 3,251.4 2,368.7 2,072.5 1,734.7 1,306 993.2 817.6 365.1 70.8 118.2 519.2 555.0 266.5 346.4 186.0 109.2 80.5 91.9 78
Debt Metrics
Total Debt 415.3 455.1 428.4 262.9 440.4 412.3 495.5 388.5 369.6 0 11.5 15.4 66.1 36.4 7.9 5.7 3.9 3.1 3 1.6 1.6
Net Debt (297.7) 222.1 177.3 0 99.6 225.2 383.2 246.8 114.9 (83.3) (25.8) (53.1) 5.1 (69.4) (36.4) (158.2) (17.2) (18.2) (8.7) (14.2) (9.7)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Operating Activities
Net Income 478.6 341.3 249.7 154.5 89.6 407.3 37 21.1 (142.5) (141.1) (22.2) (45.8) (30.3) (94.5) (36.9) (28.8) (16.8) (20) 5.1 5.9
Depreciation & Amortization 30.1 27.1 21.3 15.6 10.9 8.6 7.4 4 2.4 1.5 10.1 7.1 3.7 3.1 2.7 2.2 2.1 1.7 1.3 1
Stock-Based Compensation 217.9 195.5 194.3 173.1 134.2 100 75.3 58.1 42.5 28.5 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (128.8) (19.2) 28.2 (67.4) 16.7 (37.9) (4.8) (1.7) (8.8) 5.8 3.3 (24.9) 17.0 13.5 1.8 0.4 2.2 (2.3) 1.8 (0.7)
Other Non-Cash Items 19.5 173.8 (46.9) 44.5 0.8 61.2 32.1 19.9 12.1 (0.8) (22.0) (36.4) 46.7 (1.4) 10.6 7.5 2.2 9.9 2.8 0.5
Operating Cash Flow 782.7 595.4 389.9 339.4 256.5 228.5 147 101.4 (94.3) (106.2) (30.8) (100.0) 37.1 (79.4) (21.9) (18.6) (10.3) (10.7) 11 6.7
Investing Activities
Capital Expenditure (34) (38.2) (28.3) (16.5) (23.4) (10.9) (14.7) (24.8) (6.9) (4.1) (7.2) (53.1) (50.4) (5.3) (3.8) (2.4) (2.1) (3.7) (6.4) (2.3)
Acquisitions 0 0 0 (42.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (1,319.8) (1,056.1) (1,411.2) (628.9) (804.7) (735.5) (866.1) (545.9) (583.4) (298.8) (382.8) (593.7) (448.3) (401.6) (175.9) (151.6) (87.7) (41.6) (113.1) (85.2)
Sales/Maturities of Investments 1,089.4 967.5 972.4 511 697.9 750.5 669.7 327.8 339.1 415.8 400.0 645.0 300.5 360.9 163.1 78.3 68.6 50 112.3 38.9
Other Investing Activities 0 0 0 0 0 0 0 0 0.0 0.0 (0.5) 20.3 11.6 0 0 0 0 0 0 0
Investing Cash Flow (264.4) (126.8) (467.1) (177.1) (130.2) 4.1 (211.1) (242.9) (251.3) 113.0 9.4 18.5 (186.6) (46.0) (16.6) (75.7) (21.2) 4.7 (7.2) (48.6)
Financing Activities
Net Debt Issuance 0 (308.8) 0 (279) (0.1) (186.9) 0 0 502.8 0 (6.6) 29.7 14.4 2.2 1.8 0.8 0 1.5 (0.1) (0.7)
Stock Repurchased (167.7) (300) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 0 0 0 0 0 5.1 (0.0) 0 0 0 0.2 0 0.1 0 0.0 0 0 0.1 0
Financing Cash Flow (38.3) (486.7) 65.3 (234.3) 27.4 (157.8) 32.4 29.5 516.6 2.4 10.3 36.7 211.1 5.8 181.3 94.1 41 1.9 0.7 46.8
Cash Position
Net Change in Cash 480 (18.1) (11.6) (73.3) 153.7 74.8 (31.7) (112) 171.1 9.2 (11.1) (44.8) 61.5 (119.6) 142.8 (0.2) 9.6 (4.1) 4.5 (6.4)
Cash at Beginning 241 259.1 270.7 344 190.3 115.5 147.2 259.2 88.2 79.0 61.0 105.9 44.3 163.9 21.1 21.3 11.7 15.8 11.3 6.4
Cash at End 721 241 259.1 270.7 344 190.3 115.5 147.2 259.2 88.2 49.9 61.0 105.9 44.3 163.9 21.1 21.3 11.7 15.8 0
Free Cash Flow 748.7 557.2 361.6 322.9 233.1 217.6 132.3 76.6 (101.3) (110.3) (38.0) (153.1) (13.3) (84.7) (25.7) (21.1) (12.4) (14.4) 4.6 4.4
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Income Statement
Revenue 2,860.5 2,355.3 1,887.1 1,488.7 1,133.5 1,045.9 788.1 451.2 161.6 15 19.8 0 2.9 53.1 77.4 33.5 3.0 4.0 1.2 39.2 123.9 85.2 139.1 18.0 41.2 14.6 16.8 16 26.1 19.2
Gross Profit 2,808.4 2,321.3 1,847.4 1,465.5 1,119.2 1,035.8 780.7 446.3 160.4 15 19.8 (14.4) 0 0 77.4 33.5 3.0 4.0 0 0 0 0 0 0 0 16.8 18.9 17.7 27.4 20.2
Operating Income 619.1 570.5 250.9 249 102.5 163 72.3 36.8 (131.4) (147.4) (94.2) (64.4) (49.7) 1.4 33.9 (13.7) (53.7) (87.3) (212.2) (113.3) (25.1) (52.3) (58.8) (103.6) (43.9) (35.6) (19.9) (12.4) 0.5 2.9
Net Income 478.6 341.3 249.7 154.5 89.6 407.3 37 21.1 (142.5) (141.1) (88.9) (60.5) (46.1) 5.0 37.6 (8.0) (51.0) (88.6) (207.3) (107.2) (22.2) (45.8) (30.3) (94.5) (36.9) (28.8) (16.8) (20) 5.1 5.9
EPS (Diluted) 4.67 3.29 2.47 1.56 0.92 4.16 0.39 0.22 -1.62 -1.63 -1.05 -0.81 -0.69 0.08 0.67 -0.15 -1.30 -2.30 -5.45 -2.84 -0.58 -1.26 -0.93 -3.10 -1.42 -1.30 -0.88 -1.10 0.28 0.36
Balance Sheet
Cash & Equivalents 713 233 251.1 262.9 340.8 187.1 112.3 141.7 254.7 83.3 37.3 68.5 61.0 105.9 44.3 163.9 21.1 21.3 11.7 15.8 11.3
Total Assets 4,631.5 3,718.7 3,251.4 2,368.7 2,072.5 1,734.7 1,306 993.2 817.6 365.1 70.8 118.2 519.2 555.0 266.5 346.4 186.0 109.2 80.5 91.9 78
Total Debt 415.3 455.1 428.4 262.9 440.4 412.3 495.5 388.5 369.6 0 11.5 15.4 66.1 36.4 7.9 5.7 3.9 3.1 3 1.6 1.6
Stockholders' Equity 3,253.1 2,589.7 2,232 1,707.8 1,374 1,126.2 636.9 480.8 372.1 314.9 4.0 36.8 393.8 391.1 224.3 310.4 163.2 96.4 72 83.2 72.8
Cash Flow
Operating Cash Flow 782.7 595.4 389.9 339.4 256.5 228.5 147 101.4 (94.3) (106.2) (30.8) (100.0) 37.1 (79.4) (21.9) (18.6) (10.3) (10.7) 11 6.7
Capital Expenditure (34) (38.2) (28.3) (16.5) (23.4) (10.9) (14.7) (24.8) (6.9) (4.1) (7.2) (53.1) (50.4) (5.3) (3.8) (2.4) (2.1) (3.7) (6.4) (2.3)
Free Cash Flow 748.7 557.2 361.6 322.9 233.1 217.6 132.3 76.6 (101.3) (110.3) (38.0) (153.1) (13.3) (84.7) (25.7) (21.1) (12.4) (14.4) 4.6 4.4