NASDAQ : CORT
Corcept Therapeutics Incorporated — Financial statements
Healthcare · Biotechnology · United States
Last price 85.95 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 9.29B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Corcept Therapeutics Incorporated (CORT) reported revenue of 830.81M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 830.81M | 761.41M | 675.04M | 482.38M | 401.86M | 365.98M |
| Cost of Revenue | 14.09M | 12.98M | 10.88M | 6.48M | 5.38M | 5.28M |
| Gross Profit | 816.73M | 748.43M | 664.16M | 475.89M | 396.47M | 360.70M |
| Selling, General & Admin | 556.47M | 448.73M | 280.32M | 184.26M | 152.85M | 122.36M |
| Research & Development | 253.86M | 254.91M | 246.89M | 184.35M | 130.99M | 113.86M |
| Operating Expenses | 810.32M | 703.63M | 527.21M | 368.61M | 283.84M | 236.22M |
| Operating Income | 6.41M | 44.80M | 136.95M | 107.28M | 112.63M | 124.48M |
| Interest & Investment Income | 19.96M | 21.67M | 24.54M | 17.27M | 3.56M | 529.00K |
| Legal Settlements | -14.00M | |||||
| Pretax Income | 26.37M | 66.46M | 161.49M | 124.56M | 116.19M | 125.01M |
| Income Tax Expense | -28.81M | -33.19M | 20.28M | 18.42M | 14.77M | 12.49M |
| Net Income | 55.18M | 99.65M | 141.21M | 106.14M | 101.42M | 112.51M |
| Preferred Dividends & Other Adjustments | 912.00K | 1.48M | 1.48M | 644.00K | 130.00K | |
| Net Income to Common | 54.27M | 98.17M | 139.73M | 105.50M | 101.29M | 112.51M |
| Shares Outstanding (Basic) | 104.26M | 103.86M | 103.23M | 103.56M | 106.79M | 115.65M |
| Shares Outstanding (Diluted) | 118.06M | 119.99M | 113.48M | 111.74M | 115.97M | 125.96M |
| EPS (Basic) | 0.52 | 0.95 | 1.35 | 1.02 | 0.95 | 0.97 |
| EPS (Diluted) | 0.45 | 0.82 | 1.23 | 0.94 | 0.87 | 0.89 |
| Free Cash Flow | 106.92M | 141.78M | 196.12M | 126.54M | 119.91M | 167.42M |
| Free Cash Flow Per Share | 0.91 | 1.18 | 1.73 | 1.13 | 1.03 | 1.33 |
| Gross Margin | 98.30% | 98.30% | 98.39% | 98.66% | 98.66% | 98.56% |
| Operating Margin | 0.77% | 5.88% | 20.29% | 22.24% | 28.03% | 34.01% |
| Profit Margin | 6.53% | 12.89% | 20.70% | 21.87% | 25.20% | 30.74% |
| Free Cash Flow Margin | 12.87% | 18.62% | 29.05% | 26.23% | 29.84% | 45.75% |
| EBITDA | 8.08M | 45.95M | 137.75M | 108.32M | 113.89M | 125.96M |
| EBITDA Margin | 0.97% | 6.03% | 20.41% | 22.46% | 28.34% | 34.42% |
| D&A For EBITDA | 1.68M | 1.15M | 795.00K | 1.04M | 1.26M | 1.48M |
| EBIT | 6.41M | 44.80M | 136.95M | 107.28M | 112.63M | 124.48M |
| EBIT Margin | 0.77% | 5.88% | 20.29% | 22.24% | 28.03% | 34.01% |
| Effective Tax Rate | 12.56% | 14.79% | 12.71% | 9.99% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 111.04M | 120.50M | 127.67M | 135.55M | 66.33M | 77.62M |
| Short-Term Investments | 197.16M | 251.66M | 255.67M | 232.67M | 365.34M | 145.92M |
| Cash & Short-Term Investments | 308.20M | 372.15M | 383.33M | 368.22M | 431.67M | 223.53M |
| Accounts Receivable | 76.92M | 59.79M | 53.98M | 41.12M | 31.06M | 27.62M |
| Other Receivables | 14.00M | 15.80M | 1.40M | |||
| Receivables | 76.92M | 59.79M | 53.98M | 55.12M | 46.86M | 29.02M |
| Inventory | 13.19M | 12.87M | 12.41M | 7.73M | 6.10M | 4.99M |
| Prepaid Expenses | 17.57M | 23.26M | 9.49M | 4.32M | 14.62M | 8.91M |
| Other Current Assets | 23.81M | 17.40M | 12.39M | 23.24M | ||
| Total Current Assets | 439.68M | 485.46M | 471.60M | 458.64M | 499.25M | 266.46M |
| Property, Plant & Equipment | 11.99M | 6.47M | 8.01M | 315.00K | 1.78M | 1.52M |
| Long-Term Investments | 236.45M | 160.27M | 219.83M | 57.18M | 4.95M | 112.28M |
| Long-Term Deferred Tax Assets | 178.68M | 168.20M | 130.91M | 90.61M | 61.47M | 27.45M |
| Other Long-Term Assets | 21.90M | 16.25M | 10.19M | 14.79M | 15.99M | 16.05M |
| Total Assets | 888.70M | 836.65M | 840.55M | 621.52M | 583.43M | 423.76M |
| Accounts Payable | 14.91M | 40.44M | 15.38M | 17.40M | 11.98M | 6.91M |
| Accrued Expenses | 122.22M | 117.64M | 120.52M | 70.49M | 44.52M | 39.30M |
| Current Portion of Leases | 1.92M | 1.08M | 829.00K | 151.00K | 1.14M | 526.00K |
| Current Income Taxes Payable | 1.81M | 89.00K | 513.00K | |||
| Other Current Liabilities | 14.75M | 6.91M | 4.04M | 14.65M | 14.76M | 296.00K |
| Total Current Liabilities | 153.80M | 166.09M | 140.77M | 104.50M | 72.49M | 47.54M |
| Long-Term Leases | 7.50M | 5.02M | 6.11M | |||
| Other Long-Term Liabilities | 21.62M | 17.74M | 14.08M | 10.31M | 9.10M | 409.00K |
| Total Liabilities | 182.93M | 188.85M | 160.96M | 114.81M | 81.59M | 47.95M |
| Common Stock | 142.00K | 140.00K | 136.00K | 133.00K | 131.00K | 127.00K |
| Additional Paid-In Capital | 1.05B | 968.60M | 832.11M | 738.51M | 662.34M | 591.35M |
| Retained Earnings | 654.61M | 643.39M | 543.74M | 402.53M | 296.39M | 194.97M |
| Treasury Stock | -998.01M | -966.59M | -696.17M | -635.08M | -456.15M | -410.41M |
| Comprehensive Income & Other | 436.00K | 2.26M | -217.00K | 609.00K | -869.00K | -227.00K |
| Shareholders' Equity | 705.78M | 647.80M | 679.59M | 506.70M | 501.84M | 375.81M |
| Total Liabilities & Equity | 888.70M | 836.65M | 840.55M | 621.52M | 583.43M | 423.76M |
| Total Debt | 9.42M | 6.11M | 6.94M | 151.00K | 1.14M | 526.00K |
| Net Cash (Debt) | 535.23M | 526.32M | 596.23M | 425.25M | 435.48M | 335.29M |
| Net Cash Per Share | 4.53 | 4.39 | 5.25 | 3.81 | 3.76 | 2.66 |
| Filing Date Shares Outstanding | 108.10M | 106.37M | 105.50M | 103.52M | 107.90M | 105.96M |
| Total Common Shares Outstanding | 107.92M | 105.97M | 105.11M | 103.41M | 107.83M | 105.94M |
| Working Capital | 285.87M | 319.38M | 330.83M | 354.13M | 426.76M | 218.92M |
| Book Value Per Share | 6.54 | 6.11 | 6.47 | 4.90 | 4.65 | 3.55 |
| Tangible Book Value | 705.78M | 647.80M | 679.59M | 506.70M | 501.84M | 375.81M |
| Tangible Book Value Per Share | 6.54 | 6.11 | 6.47 | 4.90 | 4.65 | 3.55 |
| Machinery | 1.16M | |||||
| Leasehold Improvements | 1.26M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 55.18M | 99.65M | 141.21M | 106.14M | 101.42M | 112.51M |
| Depreciation & Amortization | 2.42M | 1.89M | 1.34M | 2.36M | 3.45M | 3.48M |
| Loss (Gain) From Sale of Investments | -3.64M | -5.10M | -10.94M | -9.13M | 1.38M | |
| Stock-Based Compensation | 96.11M | 84.50M | 61.35M | 48.94M | 42.44M | 42.93M |
| Other Operating Activities | -16.30M | -37.54M | -40.19M | -29.49M | -33.91M | 9.44M |
| Change in Accounts Receivable | -12.35M | -5.81M | -12.85M | -10.07M | -3.43M | -1.43M |
| Change in Inventory | -11.00M | -7.48M | 305.00K | 1.26M | 1.20M | 3.44M |
| Change in Accounts Payable | -8.97M | 25.07M | -2.02M | 5.42M | 4.76M | -3.60M |
| Change in Income Taxes | 1.09M | 1.09M | 3.78M | 1.21M | 8.69M | 11.00K |
| Change in Other Net Operating Assets | 7.15M | -14.28M | 56.32M | 10.03M | -5.67M | 1.10M |
| Operating Cash Flow | 109.70M | 142.00M | 198.29M | 126.68M | 120.32M | 167.89M |
| Capital Expenditures | -2.78M | -211.00K | -2.17M | -139.00K | -413.00K | -469.00K |
| Investment in Securities | -19.12M | 69.97M | -175.43M | 91.05M | -113.91M | 136.59M |
| Investing Cash Flow | -21.90M | 69.76M | -177.60M | 90.91M | -114.33M | 136.13M |
| Issuance of Common Stock | 25.47M | 25.49M | 9.62M | 5.81M | 4.38M | 16.23M |
| Repurchase of Common Stock | -104.37M | -245.86M | -37.97M | -154.53M | -21.66M | -318.82M |
| Financing Cash Flow | -78.91M | -220.37M | -28.35M | -148.72M | -17.28M | -302.59M |
| Foreign Exchange Rate Adjustments | -602.00K | 1.44M | -228.00K | 358.00K | ||
| Net Cash Flow | 8.29M | -7.17M | -7.89M | 69.22M | -11.29M | 1.43M |
| Free Cash Flow | 106.92M | 141.78M | 196.12M | 126.54M | 119.91M | 167.42M |
| Free Cash Flow Margin | 12.87% | 18.62% | 29.05% | 26.23% | 29.84% | 45.75% |
| Free Cash Flow Per Share | 0.91 | 1.18 | 1.73 | 1.13 | 1.03 | 1.33 |
| Levered Free Cash Flow | 77.40M | 114.19M | 183.85M | 128.39M | 115.55M | 120.18M |
| Unlevered Free Cash Flow | 77.40M | 114.19M | 183.85M | 128.39M | 115.55M | 120.18M |
| Cash Income Tax Paid | 12.97M | 12.97M | 60.27M | 47.60M | 39.75M | 9.10M |
| Change in Working Capital | -24.07M | -1.41M | 45.52M | 7.86M | 5.54M | -466.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.77B | 3.66B | 5.28B | 3.35B | 2.19B | 2.10B |
| Enterprise Value | 8.23B | 3.14B | 4.74B | 2.93B | 1.79B | 1.60B |
| Last Close Price | 81.12 | 34.80 | 50.39 | 32.48 | 20.31 | 19.80 |
| PE Ratio | 178.82 | 37.29 | 37.78 | 31.74 | 21.59 | 18.64 |
| Forward PE | 21.14 | 55.53 | 32.11 | 32.61 | 19.95 | 21.01 |
| PS Ratio | 10.55 | 4.81 | 7.82 | 6.94 | 5.44 | 5.73 |
| PB Ratio | 12.40 | 5.65 | 7.77 | 6.61 | 4.36 | 5.58 |
| P/TBV Ratio | 12.42 | 5.65 | 7.77 | 6.61 | 4.36 | 5.58 |
| P/FCF Ratio | 82.01 | 25.82 | 26.92 | 26.46 | 18.23 | 12.53 |
| P/OCF Ratio | 79.94 | 25.78 | 26.62 | 26.43 | 18.17 | 12.49 |
| PEG Ratio | 1.96 | 1.96 | 1.96 | 1.96 | 1.50 | |
| EV/Sales Ratio | 9.91 | 4.13 | 7.02 | 6.08 | 4.45 | 4.38 |
| EV/EBITDA Ratio | 1,018.52 | 68.40 | 34.40 | 27.08 | 15.69 | 12.73 |
| EV/EBIT Ratio | 1,285.51 | 70.15 | 34.60 | 27.34 | 15.87 | 12.88 |
| EV/FCF Ratio | 77.01 | 22.16 | 24.16 | 23.18 | 14.90 | 9.58 |
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA Ratio | 0.86 | 0.13 | 0.05 | 0.00 | 0.01 | 0.00 |
| Debt / FCF Ratio | 0.09 | 0.04 | 0.04 | 0.00 | 0.01 | 0.00 |
| Net Debt / Equity Ratio | -0.76 | -0.81 | -0.88 | -0.84 | -0.87 | -0.89 |
| Net Debt / EBITDA Ratio | -66.21 | -11.46 | -4.33 | -3.93 | -3.82 | -2.66 |
| Net Debt / FCF Ratio | -5.01 | -3.71 | -3.04 | -3.36 | -3.63 | -2.00 |
| Asset Turnover | 0.98 | 0.91 | 0.92 | 0.80 | 0.80 | 0.73 |
| Inventory Turnover | 1.11 | 1.03 | 1.08 | 0.94 | 0.97 | 1.07 |
| Quick Ratio | 2.50 | 2.60 | 3.11 | 4.05 | 6.60 | 5.31 |
| Current Ratio | 2.86 | 2.92 | 3.35 | 4.39 | 6.89 | 5.61 |
| Return on Equity (ROE) | 8.23% | 15.02% | 23.81% | 21.05% | 23.11% | 25.03% |
| Return on Assets (ROA) | 0.47% | 3.34% | 11.71% | 11.13% | 13.98% | 15.63% |
| Return on Invested Capital (ROIC) | 1.79% | 15.32% | 54.21% | 87.09% | 87.74% | 94.15% |
| Return on Capital Employed (ROCE) | 0.90% | 6.70% | 19.60% | 20.80% | 22.00% | 33.10% |
| Earnings Yield | 0.56% | 2.72% | 2.67% | 3.17% | 4.64% | 5.36% |
| FCF Yield | 1.22% | 3.87% | 3.72% | 3.78% | 5.48% | 7.98% |
| Buyback Yield / Dilution | 0.22% | -5.73% | -1.55% | 3.64% | 7.94% | -1.42% |