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
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
FCF
Total debt
Cash
2025
$2.9B
$479M
98.2%
21.6%
$749M
—
$713M
2024
$2.4B
$341M
98.6%
24.2%
$557M
—
$233M
2023
$1.9B
$250M
97.9%
13.3%
$362M
—
$251M
2022
$1.5B
$155M
98.4%
16.7%
$323M
—
$263M
2021
$1.1B
$90M
98.7%
9.0%
$233M
—
$341M
2020
$1.0B
$407M
99.0%
15.6%
$218M
—
$187M
2019
$788M
$37M
0.0%
9.2%
$132M
—
$112M
2018
$451M
$21M
98.9%
8.2%
$77M
—
$142M
2017
$162M
-$143M
99.2%
-81.3%
-$101M
—
$255M
2016
$15M
-$141M
100.0%
-982.5%
-$110M
—
$83M
2015
—
-$89M
—
—
—
—
$74M
2014
—
-$61M
—
—
—
—
$31M
2013
—
-$46M
—
—
-$30M
—
$45M
2012
—
$5M
—
—
-$36M
—
$64M
2011
—
$38M
—
—
-$1M
—
$50M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$815M
$198M
98.3%
23.7%
$137M
—
$267M
Dec '25
$806M
$154M
97.8%
26.2%
$391M
—
$713M
Sep '25
$795M
$210M
98.2%
30.1%
$214M
—
$340M
Jun '25
$688M
$108M
98.4%
21.2%
$90M
—
$264M
Mar '25
$573M
$8M
98.4%
4.1%
$54M
—
$194M
Dec '24
$628M
$103M
98.5%
22.6%
$235M
—
$233M
Sep '24
$622M
$130M
98.7%
29.5%
$150M
—
$349M
Jun '24
$590M
$65M
98.4%
24.6%
$53M
—
$140M
Mar '24
$515M
$43M
98.5%
19.3%
$119M
—
$396M
Dec '23
$515M
$148M
98.4%
29.2%
$118M
—
$251M
Sep '23
$499M
$83M
97.8%
28.3%
$204M
—
$294M
Jun '23
$453M
$96M
97.5%
16.3%
$173M
—
$160M
Mar '23
$420M
-$77M
98.0%
-27.2%
-$134M
—
$104M
Dec '22
$412M
$89M
98.1%
25.1%
$141M
—
$263M
Sep '22
$388M
$69M
98.4%
22.6%
$101M
—
$212M
Jun '22
$378M
-$17M
98.7%
14.5%
$129M
—
$163M
Mar '22
$311M
$14M
98.5%
1.0%
-$48M
—
$270M
Dec '21
$312M
-$7M
98.7%
-11.6%
-$5M
—
$341M
Sep '21
$296M
$23M
98.6%
15.0%
$56M
—
$311M
Jun '21
$289M
$42M
98.9%
21.7%
$99M
—
$368M
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 65.9× (Mar '23) to 34.5× (Jun '26).
The price-to-sales ratio has fallen from 6.8× (Mar '23) to 5.8× (Jun '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?
As of Jun '26, Neurocrine Biosciences Inc traded at a price-to-earnings ratio of about 34.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.