CORCEPT THERAPEUTICS INC CORT

Healthcare SIC 2834 - Pharmaceutical Preparations NAICS Manufacturing › Chemical Manufacturing › Pharmaceutical and Medicine Manufacturing › Pharmaceutical Preparation Manufacturing derived Nasdaq

We are a commercial-stage company engaged in the discovery and development of medications to treat severe endocrinologic, oncologic, metabolic and neurologic disorders by modulating the effects of the hormone cortisol.

Cortisol plays a significant role in the body's response to stress and is essential for survival. Cortisol influences metabolism and the immune system and contributes to emotional stability. Cortisol levels follow a diurnal rhythm that is essential to health, peaking upon awakening and decreasing during the day. Insufficient cortisol activity may lead to dehydration, hypotension, shock, fatigue and hypoglycemia. Excessive cortisol activity, known as hypercortisolism, may lead to hypertension, diabetes, impaired glucose tolerance, obesity, fatty liver disease, depressed mood, psychosis, wasting of the arms and legs, edema, fatigue, insomnia and other problems.

Last close 85.86 2026-10-23
Market cap $9.28B 2026-06-30 share count
52-week range 28.66 - 126.38

Valuation FY2025 figures against the last close

P/S12.2x
P/E104.7x
P/FCF65.5x
EV/EBITDA202.0x
Dividend yield—
Diluted EPS0.82

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $761.4M$675.0M$482.4M$401.9M$366.0M$353.9M$306.5M$251.2M$159.2M$81.3M
Cost of revenue $13.0M$10.9M$6.5M$5.4M$5.3M$5.6M$5.5M$5.2M$3.6M$2.1M
Gross profit $748.4M$664.2M$475.9M$396.5M$360.7M$348.3M$301.0M$246.0M$155.6M$79.3M
R&D $254.9M$246.9M$184.4M$131.0M$113.9M$114.8M$89.0M$75.2M$40.4M$23.8M
SG&A $448.7M$280.3M$184.3M$152.8M$122.4M$105.3M$100.4M$81.3M$62.4M$45.2M
Total operating expenses $716.6M$538.1M$375.1M$289.2M$241.5M$225.7M$194.9M$161.8M$106.3M$71.1M
Operating income $44.8M$137.0M$107.3M$112.6M$124.5M$128.2M$111.6M$89.5M$52.9M$10.2M
Pre-tax income $66.5M$161.5M$124.6M$116.2M$125.0M$131.6M$116.7M$92.2M$52.8M$8.1M
Income tax $33.2M$20.3M$18.4M$14.8M$12.5M$25.6M$22.5M$16.7M$76.3M$0
Net income $99.7M$141.2M$106.1M$101.4M$112.5M$106.0M$94.2M$75.4M$129.1M$8.1M
EPS, basic 0.951.351.020.950.970.920.820.651.140.07
EPS, diluted 0.821.230.940.870.890.850.770.601.040.07
Shares, diluted (wtd. avg.) 120.0M113.5M111.7M116.0M126.0M124.2M122.6M126.7M124.5M116.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $120.5M$127.7M$135.6M$66.3M$77.6M$76.2M$31.3M$41.6M$31.1M$51.5M
Short-term investments $251.7M$255.7M$232.7M$365.3M$145.9M$364.5M$244.7M$165.1M$57.7M$0
Receivables $59.8M$54.0M$41.1M$31.1M$27.6M$26.2M$19.9M$17.6M$15.3M$9.9M
Inventory $12.9M$12.4M$7.7M$6.1M$5.0M$4.9M$5.4M$4.7M$4.6M$2.3M
Total current assets $485.5M$471.6M$458.6M$499.3M$266.5M$478.5M$307.4M$236.8M$124.2M$65.7M
Property, plant and equipment $1.9M$2.7M$195.0K$633.0K$1.0M$1.7M$1.1M$655.0K$518.0K$205.0K
Total assets $836.7M$840.6M$621.5M$583.4M$423.8M$571.7M$412.3M$311.7M$220.5M$68.8M
Accounts payable $40.4M$15.4M$17.4M$12.0M$6.9M$10.6M$7.5M$8.3M$8.6M$2.3M
Short-term debt ————————$0$14.7M
Total current liabilities $166.1M$140.8M$104.5M$72.5M$47.5M$47.5M$38.8M$35.6M$29.6M$27.4M
Long-term debt ————————$0$0
Total liabilities $188.8M$161.0M$114.8M$81.6M$48.0M$48.4M$41.1M$35.8M$29.6M—
Retained earnings $643.4M$543.7M$402.5M$296.4M$195.0M$82.5M-$23.6M-$117.7M-$193.1M-$322.3M
Total equity $647.8M$679.6M$506.7M$501.8M$375.8M$523.3M$371.2M$275.9M$191.0M$41.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $142.0M$198.3M$126.7M$120.3M$167.9M$152.0M$136.1M$115.7M$60.9M$18.4M
Depreciation and amortisation $1.1M$795.0K$1.0M$1.3M$1.1M$525.0K$703.0K$236.0K$106.0K$87.0K
Stock-based compensation $84.5M$61.4M$48.9M$42.4M$42.9M$33.5M$29.3M$23.7M$13.4M$7.1M
Capital expenditure $211.0K$2.2M$139.0K$413.0K$469.0K$1.2M$1.1M$298.0K$419.0K$194.0K
Investing cash flow $69.8M-$177.6M$90.9M-$114.3M$136.1M-$119.3M-$117.8M-$90.8M-$73.5M-$194.0K
Financing cash flow -$220.4M-$28.3M-$148.7M-$17.3M-$302.6M$12.2M-$28.6M-$14.3M-$8.0M-$7.1M
Buybacks $172.9M$15.7M$0$0—$9.9M$31.0M$23.7M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-025735.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M 800M Revenue, FY2016: 81.3M Gross profit, FY2016: 79.3M Net income, FY2016: 8.1M Revenue, FY2017: 159.2M Gross profit, FY2017: 155.6M Net income, FY2017: 129.1M Revenue, FY2018: 251.2M Gross profit, FY2018: 246M Net income, FY2018: 75.4M Revenue, FY2019: 306.5M Gross profit, FY2019: 301M Net income, FY2019: 94.2M Revenue, FY2020: 353.9M Gross profit, FY2020: 348.3M Net income, FY2020: 106M Revenue, FY2021: 366M Gross profit, FY2021: 360.7M Net income, FY2021: 112.5M Revenue, FY2022: 401.9M Gross profit, FY2022: 396.5M Net income, FY2022: 101.4M Revenue, FY2023: 482.4M Gross profit, FY2023: 475.9M Net income, FY2023: 106.1M Revenue, FY2024: 675M Gross profit, FY2024: 664.2M Net income, FY2024: 141.2M Revenue, FY2025: 761.4M Gross profit, FY2025: 748.4M Net income, FY2025: 99.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $81.3M $159.2M $251.2M $306.5M $353.9M $366.0M $401.9M $482.4M $675.0M $761.4M
Gross profit $79.3M $155.6M $246.0M $301.0M $348.3M $360.7M $396.5M $475.9M $664.2M $748.4M
Net income $8.1M $129.1M $75.4M $94.2M $106.0M $112.5M $101.4M $106.1M $141.2M $99.7M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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