15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 22.3% per year over the past 5 years.
Net income has grown slower than revenue (3.3% vs 22.3% per year).
Operating margin has expanded, at 21.6% in the latest year.
Free cash flow has grown 28.0% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$2.9B
$479M
98.2%
21.6%
14.7%
10.3%
$749M
—
$713M
2024
$2.4B
$341M
98.6%
24.2%
13.2%
9.2%
$557M
—
$233M
2023
$1.9B
$250M
97.9%
13.3%
11.2%
7.7%
$362M
—
$251M
2022
$1.5B
$155M
98.4%
16.7%
9.0%
6.5%
$323M
—
$263M
2021
$1.1B
$90M
98.7%
9.0%
6.5%
4.3%
$233M
—
$341M
2020
$1.0B
$407M
99.0%
15.6%
36.2%
23.5%
$218M
—
$187M
2019
$788M
$37M
0.0%
9.2%
5.8%
2.8%
$132M
—
$112M
2018
$451M
$21M
98.9%
8.2%
4.4%
2.1%
$77M
—
$142M
2017
$162M
-$143M
99.2%
-81.3%
-38.3%
-17.4%
-$101M
—
$255M
2016
$15M
-$141M
100.0%
-982.5%
-44.8%
-38.6%
-$110M
—
$83M
2015
—
-$89M
—
—
-21.0%
-18.7%
—
—
$74M
2014
—
-$61M
—
—
-29.0%
-24.9%
—
—
$31M
2013
—
-$46M
—
—
-38.3%
-29.8%
-$30M
—
$45M
2012
—
$5M
—
—
3.3%
2.6%
-$36M
—
$64M
2011
—
$38M
—
—
62.5%
27.2%
-$1M
—
$50M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$1.1B
$207M
0.0%
29.5%
5.3%
3.7%
$384M
—
$642M
Jun '26
$959M
$144M
0.0%
15.8%
3.9%
2.7%
$129M
—
$332M
Mar '26
$815M
$198M
98.3%
23.7%
5.8%
4.0%
$137M
—
$267M
Dec '25
$806M
$154M
97.8%
26.2%
4.7%
3.3%
$391M
—
$713M
Sep '25
$795M
$210M
98.2%
30.1%
7.0%
4.9%
$214M
—
$340M
Jun '25
$688M
$108M
98.4%
21.2%
4.0%
2.8%
$90M
—
$264M
Mar '25
$573M
$8M
98.4%
4.1%
0.3%
0.2%
$54M
—
$194M
Dec '24
$628M
$103M
98.5%
22.6%
4.0%
2.8%
$235M
—
$233M
Sep '24
$622M
$130M
98.7%
29.5%
4.8%
3.7%
$150M
—
$349M
Jun '24
$590M
$65M
98.4%
24.6%
2.6%
2.0%
$53M
—
$140M
Mar '24
$515M
$43M
98.5%
19.3%
1.8%
1.2%
$119M
—
$396M
Dec '23
$515M
$148M
98.4%
29.2%
6.6%
4.5%
$118M
—
$251M
Sep '23
$499M
$83M
97.8%
28.3%
4.2%
2.9%
$204M
—
$294M
Jun '23
$453M
$96M
97.5%
16.3%
5.2%
3.7%
$173M
—
$160M
Mar '23
$420M
-$77M
98.0%
-27.2%
-4.5%
-3.2%
-$134M
—
$104M
Dec '22
$412M
$89M
98.1%
25.1%
5.2%
3.8%
$141M
—
$263M
Sep '22
$388M
$69M
98.4%
22.6%
4.4%
3.2%
$101M
—
$212M
Jun '22
$378M
-$17M
98.7%
14.5%
-1.2%
-0.8%
$129M
—
$163M
Mar '22
$311M
$14M
98.5%
1.0%
1.0%
0.6%
-$48M
—
$270M
Dec '21
$312M
-$7M
98.7%
-11.6%
-0.5%
-0.4%
-$5M
—
$341M
Valuation over time
How the market has priced NBIX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 66.3× (Mar '23) to 30.8× (Nov '26).
The price-to-sales ratio has fallen from 6.9× (Mar '23) to 5.1× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is NBIX growing its revenue and profit?
Over the past 5 years, Neurocrine Biosciences Inc's revenue has grown 22.3% per year, and net income grown 3.3% per year. These are computed facts, not advice.
How much debt does NBIX have?
As of FY2025, Neurocrine Biosciences Inc reported — of total debt against $713M of cash.
What is NBIX's profit margin?
In FY2025, gross margin was 98.2%, operating margin 21.6%, and net margin 16.7%.
What is NBIX's P/E ratio?
Neurocrine Biosciences Inc's P/E (TTM) is 20.95 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the NBIX stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 30.8× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.