CORT Corcept Therapeutics Incorporated - Common Stock
NASDAQ · Pharmaceuticals · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 29, 2026CORT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About Corcept Therapeutics Incorporated - Common Stock Company overview from Wikipedia
Corcept Therapeutics Inc. is a pharmaceutical company engaged in the discovery, development and commercialization of drugs for the treatment of severe metabolic, psychiatric and oncologic disorders. Corcept has focused on the adverse effects of excess cortisol, studying new compounds that may mitigate those effects. Its executive team is headed by CEO, president and director Joseph K. Belanoff, MD.
History
Backed by Silicon Valley biotech investors, Corcept Therapeutics was founded in May 1998 by psychiatrists Alan Schatzberg and Joseph K. Belanoff. Eight years later, Corcept remained a small firm with 11 full-time employees. Much of its work (e.g., drug manufacturing and testing on patients) was farmed out to others.
In June 2008, U.S. Senator Chuck Grassley, then the ranking Republican on the Senate Finance Committee, criticized Corcept cofounder and prominent psychiatrist Alan Schatzberg, chair of the psychiatry department at Stanford University School of Medicine, for not fully informing the university about the value of his shares in Corcept. According to Grassley, Schatzberg had reported stock holdings in Corcept worth "over $100,000," when, in fact, the psychiatrist's stake exceeded $6 million. In July, Stanford said that Schatzberg "appropriately disclosed any potential financial conflict of interest," but announced he would nevertheless step down temporarily as principal investigator on his National Institute of Mental Health grant to study the effectiveness of the abortion drug mifepristone as an antidepressant. Grassley also asked Stanford to explain its own financial ties with Corcept, saying the university held licensing agreements for mifepristone. The National Institutes of Health later reinstated Schatzberg as principal investigator.
Treatments
Prolonged exposure to cortisol can lead to a wide range of sometimes life-threatening conditions, including Cushing's syndrome, antipsychotic drug-induced weight gain, diabetes, obesity, hypertension, Alzheimer's disease, posttraumatic stress disorder, alcoholism, prostate, breast and ovarian cancer. Corcept Therapeutics has developed over 300 proprietary molecules, which it investigates in collaboration with outside researchers to determine if they can mitigate the effects of excess cortisol.
Korlym
In 2012, Corcept launched the prescription medicine Korlym, a cortisol receptor blocker to control hyperglycemia (high blood sugar) in adult patients with endogenous Cushing's syndrome who have type 2 diabetes or glucose intolerance and have failed surgery or are not candidates for surgery. Korlym was the first FDA-approved oral therapy for the treatment of such patients. Since Korlym was an orphan drug—i.e., one developed specifically to treat a rare medical condition—Corcept received seven years of exclusive marketing rights, as well as tax credits for clinical trial costs, marketing application filing fee waivers, and assistance from the FDA in the drug development process. In 2013, Corcept reported $19.7 million in federal tax credits. Corcept's marketing exclusivity for Korlym ended on February 17, 2019. As of 2018, Korlym is Corcept's only product and treats about 1,000 patients annually in the U.S.
Korlym's active ingredient is mifepristone, also known as RU-486, which is a medication typically used in combination with misoprostol to bring about an abortion.
Developed in France in 1980, mifepristone was approved by the FDA in 2000 for abortion in the U.S. Since then, mifepristone has been marketed by Danco Laboratories, a private pharmaceutical distributor, under the brand name Mifeprex, and is Danco's only product.
In 2018, Kaiser Health News reported that the difference in price between Danco's Mifeprex and Corcept's Korlym "is striking, even though the ingredients are the same: One 200-milligram pill to prompt an abortion costs about $80. In contrast, a 300-milligram pill prescribed for Cushing's runs about $550 before discounts. Patients wanting an abortion take only one pill. People with Cushing's often take up to three pills a day for months or years." While the price of Mifeprex has remained stable, the price for Korlym has increased nearly 150 percent over the past six years, rising to an average yearly cost per patient of $180,000. "We have an expensive drug," said Corcept's CEO Joseph K. Belanoff, MD. "There's no getting around that."
In 2017, Corcept's revenue nearly doubled to $159.2 million, and executives expect to reach $275 million to $300 million in 2018. In January 2018, Corcept's stock price rose 27.4 percent. Executives say revenue from Korlym, which cost about $300 million to develop, has paid for development of new drugs. By December 2016, Corcept had discovered three structurally distinct series of selective cortisol modulators that, unlike mifepristone, do not terminate pregnancy. In March 2018, Corcept reported an encouraging phase II clinical trial update on relacorilant, a possible successor to Korlym that could treat Cushing's syndrome without the side effects of endometrial thickening and vaginal bleeding experienced by some women.
Warning. Since each tablet for oral use contains 300 mg of mifepristone, Korlym should never be taken by women who are pregnant or who might become pregnant. Taking Korlym during pregnancy will result in the loss of a pregnancy.
Oncology
In December 2013, the company announced plans to extend its development program for glucocorticoid receptor (GR) antagonists into oncology, and licensed patent rights from the University of Chicago's Center for Technology Development & Ventures covering the use of GR antagonists in combination with chemotherapy in the treatment of breast cancer.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | CORT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 276.75Y avg ≈32.7 | ≈32.7 | 33.0 | Overvalued | |
| P/S (TTM) | 15.15Y avg ≈6.2 | ≈6.2 | 7.2 | Overvalued | |
| P/B (MRQ) | 17.85Y avg ≈6.0 | ≈6.0 | 9.5 | Overvalued | |
| Price / FCF (TTM) | 117.35Y avg ≈22.1 | ≈22.1 | · | · | |
| Price / Cash Flow (TTM) | 114.35Y avg ≈22.0 | ≈22.0 | · | · | |
| Price / Tangible Book | 19.35Y avg ≈6.0 | ≈6.0 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | CORT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 0.77%5Y avg ≈22.1% | ≈22.1% | 16.1% | In line | |
| EBITDA Margin (TTM) | 1.0%5Y avg ≈22.3% | ≈22.3% | 5.2% | Top tier | |
| Pretax Margin (TTM) | 3.2%5Y avg ≈24.3% | ≈24.3% | 12.1% | Top tier | |
| Net Profit Margin (TTM) | 6.6%5Y avg ≈22.4% | ≈22.4% | 7.2% | Top tier | |
| ROA (TTM) | 6.5%5Y avg ≈18.3% | ≈18.3% | 3.0% | Top tier | |
| ROE (TTM) | 8.2%5Y avg ≈20.8% | ≈20.8% | 2.3% | Top tier | |
| ROIC | 10.4%5Y avg ≈19.1% | ≈19.1% | -0.21% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | CORT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 2.95Y avg ≈4.6 | ≈4.6 | 2.1 | Strong liquidity | |
| Quick Ratio (MRQ) | 2.55Y avg ≈2.6 | ≈2.6 | 1.1 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | CORT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 12.8%5Y avg ≈17.2% | ≈17.2% | · | · | |
| Revenue CAGR 3Y | 23.7%5Y avg ≈19.1% | ≈19.1% | · | · | |
| Revenue CAGR 5Y | 16.6% | · | · | · | |
| EPS YoY | -33.3%5Y avg ≈1.6% | ≈1.6% | · | · | |
| Net Income YoY | -29.4%5Y avg ≈0.91% | ≈0.91% | · | · | |
| EPS CAGR 3Y | -1.9%5Y avg ≈4.3% | ≈4.3% | · | · | |
| EPS CAGR 5Y | -0.72% | · | · | · | |
| Net Income CAGR 3Y | -0.58%5Y avg ≈2.4% | ≈2.4% | · | · | |
| Net Income CAGR 5Y | -1.2% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | CORT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.95Y avg ≈0.8 | ≈0.8 | 0.6 | Top tier | |
| Inventory Turnover | 1.05Y avg ≈1.0 | ≈1.0 | 1.3 | Weak | |
| Receivables Turnover | 13.45Y avg ≈13.6 | ≈13.6 | 5.2 | Top tier | |
| Revenue / Employee | ≈$1.0M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 29, 2026 | $0.36 | $0.01 | — |
| March 31, 2026 | $-0.30 | $-0.10 | -204.3% | |
| Dec. 31, 2025 | $0.20 | $0.31 | -34.6% | |
| Sept. 30, 2025 | $0.16 | $0.14 | 16.2% | |
| June 30, 2025 | $0.29 | $0.19 | 51.6% | |
| March 31, 2025 | $0.17 | $0.15 | 17.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $761M | $675M | $482M | $402M | $366M | $354M | $306M | $251M | $159M | $81M | $50M | $27M | |
| Cost of Revenue | $13M | $11M | $6M | $5M | $5M | $6M | $6M | $5M | $4M | $2M | $1M | $882.0K | |
| R&D Expense | $255M | $247M | $184M | $131M | $114M | $115M | $89M | $75M | $40M | $24M | $15M | $18M | |
| SG&A Expense | $449M | $280M | $184M | $153M | $122M | $105M | $100M | $81M | $62M | $45M | $37M | $35M | |
| Operating Expenses | $717M | $538M | $375M | $289M | $242M | $226M | $195M | $162M | $106M | $71M | $54M | $54M | |
| Operating Income | $45M | $137M | $107M | $113M | $124M | $128M | $112M | $89M | $53M | $10M | $-3M | $-28M | |
| Other Non-op | $22M | $25M | $17M | $4M | $529.0K | · | · | · | · | · | · | · | |
| Pretax Income | $66M | $161M | $125M | $116M | $125M | $132M | $117M | $92M | $53M | $8M | $-6M | · | |
| Income Tax | $-33M | $20M | $18M | $15M | $12M | $26M | $22M | $17M | $-76M | $0 | $0 | $0 | |
| Net Income | $100M | $141M | $106M | $101M | $113M | $106M | $94M | $75M | $129M | $8M | $-6M | $-31M | |
| EPS (Basic) | $0.95 | $1.35 | $1.02 | $0.95 | $0.97 | $0.92 | $0.82 | $0.65 | $1.14 | $0.07 | $-0.06 | · | |
| EPS (Diluted) | $0.82 | $1.23 | $0.94 | $0.87 | $0.89 | $0.85 | $0.77 | $0.60 | $1.04 | $0.07 | $-0.06 | · | |
| Shares (Basic) | 103,862,000 | 103,232,000 | 103,560,000 | 106,787,000 | 115,653,000 | 115,412,000 | 114,349,000 | 115,343,000 | 113,527,000 | 110,566,000 | 106,883,000 | 100,978,000 | |
| Shares (Diluted) | 119,987,000 | 113,480,000 | 111,742,000 | 115,966,000 | 125,963,000 | 124,194,000 | 122,566,000 | 126,688,000 | 124,515,000 | 116,139,000 | 106,883,000 | 100,978,000 | |
| EBITDA | $46M | $138M | $108M | $113M | $126M | · | $112M | $90M | $53M | $10M | $-3M | $-27M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $120M | $128M | $136M | $66M | $78M | $76M | $31M | $42M | $31M | $52M | $40M | $24M | |
| Short-term Investments | $252M | $256M | $233M | $365M | $146M | $365M | $245M | $165M | $58M | $0 | · | · | |
| Receivables | $60M | $54M | $41M | $31M | $28M | $26M | $20M | $18M | $15M | $10M | $6M | $3M | |
| Inventory | $13M | $12M | $8M | $6M | $5M | $5M | $5M | $5M | $5M | $2M | $2M | $1M | |
| Prepaid Expense | $41M | $22M | $28M | $16M | $10M | $7M | $6M | $8M | $3M | $2M | $642.0K | $1M | |
| Other Current Assets | $7M | $6M | $6M | · | · | · | · | · | · | · | · | · | |
| Current Assets | $485M | $472M | $459M | $499M | $266M | $479M | $307M | $237M | $124M | $66M | $49M | $30M | |
| PP&E (Net) | $2M | $3M | $195.0K | $633.0K | $1M | $2M | $1M | $655.0K | $518.0K | $205.0K | $98.0K | $236.0K | |
| PP&E (Gross) | · | · | · | $4M | $4M | $4M | · | $1M | $907.0K | $657.0K | $463.0K | $525.0K | |
| Accum. Depreciation | · | · | · | $4M | $3M | $2M | · | $625.0K | $389.0K | $452.0K | $365.0K | $289.0K | |
| Other Non-current Assets | $5M | $7M | $7M | $5M | $3M | $5M | $3M | $50.0K | $50.0K | $24.0K | $24.0K | $74.0K | |
| Total Assets | $837M | $841M | $622M | $583M | $424M | $572M | $412M | $312M | $221M | $69M | $52M | $35M | |
| Accounts Payable | $40M | $15M | $17M | $12M | $7M | $11M | $8M | $8M | $9M | $2M | $1M | $2M | |
| Accrued Liabilities | $91M | $91M | $52M | $31M | $28M | $21M | $23M | $24M | $19M | $9M | $3M | $2M | |
| Current Liabilities | $166M | $141M | $105M | $72M | $48M | $47M | $39M | $36M | $30M | $27M | $21M | $14M | |
| Capital Leases | $5M | $6M | $0 | · | $0 | $501.0K | $2M | · | · | · | · | · | |
| Total Liabilities | $189M | $161M | $115M | $82M | $48M | $48M | $41M | $36M | $30M | · | · | · | |
| Long-term Debt | · | · | · | · | · | · | · | · | $0 | $15M | $27M | $34M | |
| Total Debt | · | · | · | · | · | · | · | · | $0 | $15M | $28M | $34M | |
| Common Stock | $140.0K | $136.0K | $133.0K | $131.0K | $127.0K | $122.0K | $120.0K | $117.0K | $115.0K | $113.0K | $110.0K | $101.0K | |
| Paid-in Capital | · | $832M | $739M | $662M | $591M | $516M | $457M | $417M | $384M | $364M | $349M | $321M | |
| Retained Earnings | $643M | $544M | $403M | $296M | $195M | $82M | $-24M | $-118M | $-193M | $-322M | $-330M | $-324M | |
| Treasury Stock | $967M | $696M | $635M | $456M | $410M | $76M | $63M | $24M | $0 | · | · | · | |
| AOCI | $2M | $-217.0K | $609.0K | $-869.0K | $-227.0K | $415.0K | $261.0K | $-70.0K | $-75.0K | $0 | · | · | |
| Stockholders' Equity | $648M | $680M | $507M | $502M | $376M | $523M | $371M | $276M | $191M | $41M | $18M | $-3M | |
| Liabilities + Equity | $837M | $841M | $622M | $583M | $424M | $572M | $412M | $312M | $221M | $69M | $52M | $35M | |
| Shares Outstanding | 105,966,000 | 105,113,000 | 103,405,000 | 107,835,000 | 105,940,000 | 116,735,000 | 114,549,000 | 115,031,000 | 114,717,000 | 112,710,000 | 109,642,000 | 101,395,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1M | $795.0K | $1M | $1M | $1M | $525.0K | $703.0K | $236.0K | $106.0K | $87.0K | $155.0K | $141.0K | |
| Stock-based Comp | $84M | $61M | $49M | $42M | $43M | $34M | $29M | $24M | $13M | $7M | $6M | $5M | |
| Deferred Tax | $-38M | $-40M | $-29M | $-34M | $4M | $14M | $17M | $14M | $-77M | $0 | $0 | · | |
| Amort. of Intangibles | · | · | $465.0K | $477.0K | $409.0K | · | · | · | · | · | · | · | |
| Other Non-cash | $-6M | $35M | $875.0K | $10M | $7M | · | $-5M | $2M | $-5M | $3M | $3M | $-1M | |
| Operating Cash Flow | $142M | $198M | $127M | $120M | $168M | $152M | $136M | $116M | $61M | $18M | $3M | $-27M | |
| CapEx | $211.0K | $2M | $139.0K | $413.0K | $469.0K | $1M | $1M | $298.0K | $419.0K | $194.0K | $17.0K | $174.0K | |
| Investing Cash Flow | $70M | $-178M | $91M | $-114M | $136M | $-119M | $-118M | $-91M | $-73M | $-194.0K | · | · | |
| Net Debt Issued | · | · | · | · | · | · | $0 | $0 | $-15M | $-15M | $-9M | $-5M | |
| Stock Repurchased | $173M | $16M | $0 | $0 | · | $10M | $31M | $24M | $0 | $0 | · | · | |
| Net Stock Activity | $-173M | $-16M | · | · | · | · | $-31M | $-24M | · | · | · | · | |
| Financing Cash Flow | $-220M | $-28M | $-149M | $-17M | $-303M | $12M | $-29M | $-14M | $-8M | $-7M | · | · | |
| Net Change in Cash | $-7M | $-8M | $69M | $-11M | $1M | $45M | $-10M | $11M | $-20M | $11M | $16M | $-31M | |
| Taxes Paid | $13M | $60M | $48M | $40M | $9M | $11M | · | · | · | · | · | · | |
| Free Cash Flow | $142M | $196M | $127M | $120M | $167M | · | $135M | $115M | $61M | $18M | $3M | $-28M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 5.9% | 20.3% | 22.2% | 28.0% | 34.0% | · | 36.4% | 35.6% | 33.2% | 12.5% | -6.9% | -104.0% | |
| Net Margin | 13.1% | 20.9% | 22.0% | 25.2% | 30.7% | · | 30.7% | 30.0% | 81.1% | 10.0% | -12.7% | -118.2% | |
| Pretax Margin | 8.7% | 23.9% | 25.8% | 28.9% | 34.2% | · | 38.1% | 36.7% | 33.2% | · | · | · | |
| EBITDA Margin | 6.0% | 20.4% | 22.4% | 28.2% | 34.3% | · | 36.6% | 35.7% | 33.3% | 12.6% | -6.5% | -103.5% | |
| ROA | 11.9% | 19.3% | 17.6% | 20.1% | 22.6% | · | 26.0% | 28.3% | 89.3% | 13.5% | -14.8% | -64.2% | |
| ROE | 15.5% | 21.4% | 21.9% | 20.8% | 24.6% | · | 26.7% | 28.2% | 111.1% | 27.2% | -84.8% | -356.0% | |
| ROIC | 10.4% | 17.6% | 18.0% | 19.6% | 29.8% | · | 24.3% | 26.6% | 67.7% | · | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.9 | 3.4 | 4.4 | 6.9 | 5.6 | · | 7.9 | 6.7 | 4.2 | 2.4 | 2.3 | 2.2 | |
| Quick Ratio | 2.6 | 3.1 | 3.9 | 1.3 | 2.2 | · | 1.3 | 1.7 | 3.5 | 2.2 | 2.2 | 2.0 | |
| Debt / Equity | · | · | · | · | · | · | · | · | 0.0 | 0.4 | 1.5 | -10.0 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | 0.0 | 0.0 | 0.7 | -7.2 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.9 | 0.9 | 0.8 | 0.8 | 0.7 | · | 0.8 | 0.9 | 1.1 | 1.3 | 1.2 | 0.5 | |
| Inventory Turnover | 1.0 | 1.1 | 0.9 | 1.0 | 1.1 | · | 1.1 | 1.1 | 1.0 | 1.0 | 0.9 | 0.8 | |
| Receivables Turnover | 13.4 | 14.2 | 13.4 | 13.7 | 13.6 | · | 16.3 | 15.3 | 12.7 | 10.1 | 10.5 | 11.2 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $6.11 | $6.47 | $4.90 | $4.65 | $3.55 | · | $3.24 | $2.40 | $1.66 | $0.37 | $0.17 | $-0.03 | |
| Revenue / Share | $6.35 | $5.95 | $4.32 | $3.47 | $2.91 | · | $2.50 | $1.98 | $1.28 | $0.70 | · | · | |
| Cash Flow / Share | $1.18 | $1.75 | $1.14 | $1.04 | $1.33 | · | $1.11 | $0.91 | $0.49 | $0.16 | · | · | |
| Cash / Share | $1.14 | $1.21 | $1.31 | $0.62 | $0.73 | · | $0.27 | $0.36 | $0.27 | $0.46 | $0.37 | $0.24 | |
| EPS (TTM) | $0.82 | $1.23 | $0.94 | $0.87 | $0.89 | $0.85 | $0.77 | $0.60 | $1.04 | $0.07 | $-0.06 | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 12.8% | 39.9% | 20.0% | 9.8% | 3.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 23.7% | 22.6% | 10.9% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 16.6% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -33.3% | 30.9% | 8.1% | -2.2% | 4.7% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -1.9% | 11.4% | 3.4% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -0.72% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -29.4% | 33.0% | 4.7% | -9.9% | 6.1% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -0.58% | 7.9% | 0.04% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -1.2% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $761M | $675M | $482M | $402M | $366M | $354M | $306M | $251M | $159M | $81M | $50M | $27M | |
| Net Income TTM | $100M | $141M | $106M | $101M | $113M | $106M | $94M | $75M | $129M | $8M | $-6M | $-31M | |
| Market Cap | $3.69B | $5.30B | $3.36B | $2.19B | $2.10B | · | $1.39B | $1.54B | $2.07B | $818M | $546M | $304M | |
| Enterprise Value | · | · | · | · | · | · | · | · | $1.98B | $781M | $533M | $314M | |
| P/E | 42.4 | 41.0 | 34.6 | 23.3 | 22.2 | 30.8 | 15.7 | 22.3 | 17.4 | 103.7 | -83.0 | · | |
| P/S | 4.8 | 7.8 | 7.0 | 5.5 | 5.7 | · | 4.5 | 6.1 | 13.0 | 10.1 | 10.9 | 11.5 | |
| P/B | 5.7 | 7.8 | 6.6 | 4.4 | 5.6 | · | 3.7 | 5.6 | 10.8 | 19.8 | 29.5 | -89.8 | |
| P / Tangible Book | 5.7 | 7.8 | 6.6 | 4.4 | 5.6 | 5.8 | · | · | · | · | · | · | |
| P / Cash Flow | 26.0 | 26.7 | 26.4 | 18.2 | 12.5 | · | 10.2 | 13.3 | 34.0 | 44.5 | 174.4 | -11.1 | |
| P / FCF | 26.0 | 27.0 | 26.5 | 18.3 | 12.5 | · | 10.3 | 13.3 | 34.2 | 45.0 | 175.4 | -11.0 | |
| EV / EBITDA | · | · | · | · | · | · | · | · | 37.4 | 76.1 | -162.1 | -11.4 | |
| EV / FCF | · | · | · | · | · | · | · | · | 32.8 | 42.9 | 171.3 | -11.4 | |
| EV / Revenue | · | · | · | · | · | · | · | · | 12.5 | 9.6 | 10.6 | 11.8 | |
| Earnings Yield | 2.4% | 2.4% | 2.9% | 4.3% | 4.5% | 3.2% | 6.4% | 4.5% | 5.8% | 0.96% | -1.2% | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $256M | $165M | $202M | $208M | $194M | $157M | $182M | $183M | $164M | $147M | $135M | $124M | $118M | $106M | $103M | $102M | |
| Cost of Revenue | $4M | $3M | $3M | $5M | $3M | $2M | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $1M | $1M | $1M | |
| R&D Expense | $54M | $66M | $65M | $69M | $60M | $61M | $70M | $59M | $59M | $59M | $55M | $46M | $43M | $41M | $37M | $33M | |
| SG&A Expense | $157M | $145M | $130M | $124M | $104M | $91M | $83M | $74M | $67M | $56M | $47M | $45M | $43M | $49M | $42M | $35M | |
| Operating Expenses | $215M | $215M | $198M | $197M | $168M | $154M | $157M | $136M | $128M | $117M | $104M | $92M | $88M | $91M | $81M | $70M | |
| Operating Income | $41M | $-50M | $4M | $10M | $27M | $3M | $25M | $47M | $36M | $30M | $32M | $31M | $30M | $15M | $22M | $32M | |
| Other Non-op | $5M | $5M | $5M | $5M | $5M | $6M | $7M | $6M | $6M | $5M | $5M | $5M | $3M | $4M | $2M | $1M | |
| Pretax Income | $46M | $-45M | $10M | $15M | $32M | $10M | $32M | $53M | $42M | $35M | $37M | $36M | $33M | $18M | $24M | $33M | |
| Income Tax | $3M | $-13M | $-14M | $-4M | $-3M | $-11M | $1M | $6M | $6M | $7M | $5M | $5M | $5M | $3M | $8M | $-2M | |
| Net Income | $43M | $-32M | $24M | $20M | $35M | $21M | $31M | $47M | $35M | $28M | $31M | $31M | $28M | $16M | $17M | $35M | |
| EPS (Basic) | $0.40 | $-0.30 | $0.24 | $0.19 | $0.33 | $0.19 | $0.29 | $0.45 | $0.34 | $0.27 | $0.29 | $0.31 | $0.27 | $0.15 | $0.15 | $0.32 | |
| EPS (Diluted) | $0.36 | $-0.30 | $0.20 | $0.16 | $0.29 | $0.17 | $0.25 | $0.41 | $0.32 | $0.25 | $0.27 | $0.28 | $0.25 | $0.14 | $0.13 | $0.30 | |
| Shares (Basic) | 105,377,000 | 104,435,000 | · | 103,545,000 | 104,111,000 | 104,106,000 | · | 103,371,000 | 103,118,000 | 102,791,000 | · | 102,014,000 | 101,964,000 | 107,885,000 | · | 107,125,000 | |
| Shares (Diluted) | 118,385,000 | 104,435,000 | · | 119,439,000 | 120,485,000 | 119,819,000 | · | 113,723,000 | 111,244,000 | 109,915,000 | · | 111,099,000 | 109,590,000 | 115,425,000 | · | 116,620,000 | |
| EBITDA | $41M | $-49M | · | $10M | $27M | $4M | · | $47M | $36M | $30M | · | $31M | $30M | $15M | · | $32M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $111M | $109M | $120M | $125M | $103M | $90M | $128M | $137M | $129M | $150M | · | $112M | $172M | $300M | · | · | |
| Short-term Investments | $197M | $229M | $252M | $297M | $239M | $233M | $256M | $243M | $345M | $261M | · | $243M | $191M | $165M | · | $346M | |
| Receivables | $77M | $39M | $60M | $70M | $65M | $62M | $54M | $60M | $54M | $62M | · | $35M | $33M | $33M | · | $29M | |
| Inventory | $13M | $13M | $13M | $12M | $12M | $14M | $12M | $8M | $8M | $7M | · | $8M | $7M | $6M | · | $6M | |
| Prepaid Expense | $41M | $36M | $41M | $37M | $24M | $40M | $22M | $19M | $26M | $24M | · | $20M | $16M | $16M | · | $21M | |
| Other Current Assets | $8M | $6M | $7M | $6M | $7M | $25M | $6M | $5M | $9M | $18M | · | · | · | · | · | · | |
| Current Assets | $440M | $426M | $485M | $541M | $443M | $439M | $472M | $467M | $561M | $503M | · | $432M | $433M | $534M | · | $452M | |
| PP&E (Net) | $5M | $3M | $2M | $2M | $2M | $3M | $3M | $3M | $1M | $127.0K | · | $302.0K | $413.0K | $461.0K | · | $801.0K | |
| PP&E (Gross) | · | · | · | · | · | · | · | · | · | · | · | · | $4M | $4M | · | $4M | |
| Accum. Depreciation | · | · | · | · | · | · | · | · | · | · | · | · | $4M | $4M | · | $4M | |
| Other Non-current Assets | $3M | $5M | $5M | $8M | $8M | $7M | $7M | $7M | $7M | $6M | · | $7M | $4M | $5M | · | $5M | |
| Total Assets | $889M | $815M | $837M | $824M | $802M | $846M | $841M | $784M | $715M | $656M | · | $594M | $525M | $618M | · | $533M | |
| Accounts Payable | $15M | $33M | $40M | $34M | $24M | $28M | $15M | $19M | $19M | $13M | · | $17M | $8M | $11M | · | $8M | |
| Accrued Liabilities | $115M | $80M | $91M | $108M | $91M | $89M | $91M | $79M | $59M | $60M | · | $70M | $52M | $39M | · | $29M | |
| Current Liabilities | $154M | $149M | $166M | $172M | $145M | $143M | $141M | $126M | $101M | $97M | · | $122M | $93M | $79M | · | $53M | |
| Capital Leases | $8M | $8M | $5M | $5M | $6M | $6M | $6M | $6M | $6M | · | · | · | · | · | · | · | |
| Total Liabilities | $183M | $177M | $189M | $192M | $166M | $163M | $161M | $145M | $118M | $108M | · | $132M | $103M | $88M | · | $60M | |
| Common Stock | $142.0K | · | $140.0K | $139.0K | $138.0K | · | $136.0K | $135.0K | $134.0K | · | · | $133.0K | $132.0K | $131.0K | · | $130.0K | |
| Retained Earnings | $655M | $612M | $643M | $619M | $599M | $564M | $544M | $513M | $466M | $430M | · | $371M | $340M | $312M | · | $280M | |
| Treasury Stock | $998M | $977M | $967M | $923M | $867M | $745M | $696M | $682M | $651M | $641M | · | $632M | $614M | $463M | · | $453M | |
| AOCI | $436.0K | $918.0K | $2M | $2M | $2M | $692.0K | $-217.0K | $2M | $84.0K | $258.0K | · | $-234.0K | $45.0K | $-153.0K | · | $-2M | |
| Stockholders' Equity | $706M | $638M | $648M | $632M | $636M | $683M | $680M | $639M | $596M | $548M | $507M | $462M | $422M | $530M | $502M | $473M | |
| Liabilities + Equity | $889M | $815M | $837M | $824M | $802M | $846M | $841M | $784M | $715M | $656M | · | $594M | $525M | $618M | · | $533M | |
| Shares Outstanding | 107,921,000 | 107,328,000 | 105,966,000 | 105,124,000 | 105,288,000 | 105,984,000 | 105,113,000 | 104,703,000 | 104,398,000 | 104,028,000 | 103,405,000 | 102,996,000 | 102,512,000 | 108,156,000 | 107,835,000 | · |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $863.0K | $598.0K | $289.0K | $289.0K | $286.0K | $462.0K | $281.0K | $318.0K | $128.0K | $120.0K | $214.0K | $470.0K | $424.0K | $172.0K | $660.0K | $-1M | |
| Stock-based Comp | $29M | $23M | $21M | $23M | $19M | $22M | $17M | $16M | $15M | $13M | $13M | $13M | $12M | $11M | $11M | $11M | |
| Deferred Tax | $3M | $-13M | $-15M | $9M | $-18M | $-14M | $-4M | $-15M | $-14M | $-7M | $-4M | $-9M | $-10M | $-7M | $-4M | $-30M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | $52.0K | · | · | · | $119.0K | · | · | |
| Other Non-cash | · | $4M | · | · | · | $-24M | · | · | · | $-10M | · | · | · | $5M | · | · | |
| Operating Cash Flow | $34M | $-17M | $38M | $54M | $44M | $5M | $60M | $73M | $41M | $24M | $6M | $53M | $42M | $26M | $33M | $34M | |
| CapEx | $3M | $201.0K | $50.0K | $0 | $57.0K | $104.0K | $121.0K | $2M | $416.0K | $0 | $0 | $37.0K | $102.0K | $0 | $31.0K | $351.0K | |
| Investing Cash Flow | $-29M | $5M | $-12M | $15M | $70M | $-3M | $-64M | $-44M | $-60M | $-9M | $17M | $-110M | $-24M | $207M | $-17M | $-5M | |
| Stock Repurchased | $0 | $0 | $0 | $42M | $103M | $27M | $0 | $12M | $3M | $476.0K | $0 | $-145M | $0 | $0 | $0 | $0 | |
| Net Stock Activity | · | $0 | · | · | · | $-27M | · | · | · | $-476.0K | · | · | · | · | · | · | |
| Financing Cash Flow | $-2M | $760.0K | $-31M | $-46M | $-103M | $-40M | $-5M | $-21M | $-2M | $-543.0K | $766.0K | $-4M | $-146M | $181.0K | $-61.0K | $-14M | |
| Net Change in Cash | $2M | $-12M | $-5M | $22M | $13M | $-38M | $-10M | $9M | $-21M | $14M | $24M | $-61M | $-128M | $234M | $16M | $15M | |
| Free Cash Flow | · | $-17M | · | · | · | $5M | · | · | · | · | · | · | · | $26M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 16.1% | -30.1% | · | 4.9% | 13.7% | 2.2% | · | 25.5% | 21.7% | 20.1% | · | 25.2% | 25.1% | 14.1% | · | 31.4% | |
| Net Margin | 16.8% | -19.3% | · | 9.5% | 18.1% | 13.1% | · | 25.9% | 21.7% | 18.9% | · | 25.4% | 23.4% | 15.0% | · | 34.0% | |
| Pretax Margin | 17.9% | -27.1% | · | 7.3% | 16.3% | 6.1% | · | 29.0% | 25.4% | 23.8% | · | 29.4% | 28.0% | 17.4% | · | 32.4% | |
| EBITDA Margin | 16.1% | -29.7% | · | 4.9% | 13.7% | 2.4% | · | 25.5% | 21.7% | 20.1% | · | 25.2% | 25.1% | 14.2% | · | 31.4% | |
| ROA | 5.1% | -3.8% | · | 2.5% | 4.6% | 2.7% | · | 6.9% | 5.7% | 4.4% | · | 5.6% | 5.4% | 2.9% | · | 6.2% | |
| ROE | 6.4% | -4.8% | · | 3.1% | 5.7% | 3.3% | · | 8.6% | 7.0% | 5.1% | · | 6.7% | 6.4% | 3.4% | · | 6.8% | |
| ROIC | 5.5% | -5.5% | · | 2.1% | 4.7% | 1.1% | · | 6.5% | 5.1% | 4.3% | · | 5.8% | 5.9% | 2.4% | · | 7.1% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.9 | 2.9 | · | 3.1 | 3.1 | 3.1 | · | 3.7 | 5.6 | 5.2 | · | 3.5 | 4.6 | 6.8 | · | 8.5 | |
| Quick Ratio | 2.5 | 2.5 | · | 2.9 | 2.8 | 2.7 | · | 3.5 | 5.2 | 4.9 | · | 3.2 | 4.3 | 6.3 | · | 7.1 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.2 | · | 0.3 | 0.3 | 0.2 | · | 0.3 | 0.3 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Inventory Turnover | 0.3 | 0.2 | · | 0.5 | 0.3 | 0.2 | · | 0.4 | 0.3 | 0.4 | · | 0.2 | 0.3 | 0.2 | · | 0.2 | |
| Receivables Turnover | 3.6 | 3.3 | · | 3.2 | 3.3 | 2.5 | · | 3.9 | 3.8 | 3.1 | · | 3.9 | 3.9 | 3.5 | · | 3.6 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $6.54 | $5.94 | · | $6.01 | $6.04 | $6.45 | · | $6.10 | $5.71 | $5.27 | · | $4.48 | $4.11 | $4.90 | · | · | |
| Revenue / Share | $2.16 | $1.58 | · | $1.74 | $1.61 | $1.31 | · | $1.61 | $1.47 | $1.34 | · | $1.11 | $1.07 | $0.92 | · | $0.87 | |
| Cash Flow / Share | · | $-0.16 | · | · | · | $0.04 | · | · | · | $0.22 | · | · | · | $0.22 | · | · | |
| Cash / Share | $1.03 | $1.01 | · | $1.19 | $0.98 | $0.85 | · | $1.31 | $1.23 | $1.44 | · | $1.09 | $1.68 | $2.77 | · | · | |
| EPS (TTM) | $0.42 | $0.35 | · | $0.87 | $1.12 | $1.15 | · | $1.25 | $1.12 | $1.05 | · | $0.80 | $0.82 | $0.81 | · | $1.00 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $831M | $769M | · | $741M | $716M | $685M | · | $629M | $570M | $524M | · | $450M | $428M | $414M | · | $398M | |
| Net Income TTM | $55M | $47M | · | $106M | $134M | $134M | · | $142M | $126M | $118M | · | $91M | $95M | $94M | · | $117M | |
| Market Cap | $9.38B | $4.33B | · | $8.74B | $7.73B | $12.11B | · | $4.85B | $3.39B | $2.62B | · | $2.81B | $2.28B | $2.34B | · | · | |
| P/E | 207.0 | 115.2 | · | 95.5 | 65.5 | 99.3 | · | 37.0 | 29.0 | 24.0 | · | 34.1 | 27.1 | 26.7 | · | 25.6 | |
| P/S | 11.3 | 5.6 | · | 11.8 | 10.8 | 17.7 | · | 7.7 | 6.0 | 5.0 | · | 6.2 | 5.3 | 5.7 | · | · | |
| P/B | 13.3 | 6.8 | · | 13.8 | 12.2 | 17.7 | · | 7.6 | 5.7 | 4.8 | · | 6.1 | 5.4 | 4.4 | · | · | |
| P / Tangible Book | 13.3 | 6.8 | · | 13.8 | 12.2 | 17.7 | · | 7.6 | 5.7 | 4.8 | · | 6.1 | 5.4 | 4.4 | · | · | |
| P / Cash Flow | · | -258.0 | · | · | · | 2360.7 | · | · | · | 110.3 | · | · | · | 90.3 | · | · | |
| Earnings Yield | 0.48% | 0.87% | · | 1.1% | 1.5% | 1.0% | · | 2.7% | 3.5% | 4.2% | · | 2.9% | 3.7% | 3.7% | · | 3.9% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $761M | $675M | $482M | $402M | $366M |
| Operating Margin % | 5.9% | 20.3% | 22.2% | 28.0% | 34.0% |
| Net Income | $100M | $141M | $106M | $101M | $113M |
| Diluted EPS | $0.82 | $1.23 | $0.94 | $0.87 | $0.89 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 2.9 | 3.4 | 4.4 | 6.9 | 5.6 |
| Quick Ratio | 2.6 | 3.1 | 3.9 | 1.3 | 2.2 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $142M | $196M | $127M | $120M | $167M |
Institutional owners (13F) 470 filers · $6.9B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 134 (+57 vs prior Q) | 47 (-50 vs prior Q) | 148 (+34 vs prior Q) | 116 (-14 vs prior Q) | +2.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $1,080,964,444 | 12,432,023 | 15.73% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $457,498,555 | 5,261,628 | 6.66% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $438,631,274 | 5,044,638 | 6.38% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $362,797,310 | 4,172,482 | 5.28% | Shares |
| Parallel Advisors, LLC | $344,511,290 | 3,962,177 | 5.01% | Shares |
| VANGUARD GROUP INC | $330,419,806 | 9,494,822 | 4.81% | Shares |
| FMR LLC | $290,205,885 | 3,337,618 | 4.22% | Shares |
| STATE STREET CORP | $285,150,433 | 3,279,381 | 4.15% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $224,553,662 | 2,582,561 | 3.27% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $220,214,154 | 2,532,198 | 3.21% | Shares |
| FIRST TRUST ADVISORS LP | $159,078,937 | 1,829,545 | 2.32% | Shares |
| TANG CAPITAL MANAGEMENT LLC | $130,425,000 | 1,500,000 | 1.90% | Shares |
| UBS Group AG | $119,787,363 | 1,377,658 | 1.74% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $114,676,371 | 1,318,821 | 1.67% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $100,651,581 | 1,157,580 | 1.46% | Shares |
| MORGAN STANLEY | $98,910,973 | 1,137,559 | 1.44% | Shares |
| D. E. Shaw & Co., Inc. | $76,776,937 | 883,001 | 1.12% | Shares |
| Cerity Partners LLC | $69,309,496 | 797,119 | 1.01% | Shares |
| MPM BIOIMPACT LLC | $67,040,885 | 771,028 | 0.98% | Shares |
| NORTHERN TRUST CORP | $65,542,562 | 753,796 | 0.95% | Shares |
| EMERALD ADVISERS, LLC | $65,066,859 | 748,325 | 0.95% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $61,743,697 | 710,106 | 0.90% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $60,476,507 | 695,532 | 0.88% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $53,394,082 | 614,078 | 0.78% | Shares |
| TWO SIGMA INVESTMENTS, LP | $53,046,282 | 610,078 | 0.77% | Shares |
| GOLDMAN SACHS GROUP INC | $49,432,727 | 568,519 | 0.72% | Shares |
| Bank of New York Mellon Corp | $49,184,686 | 565,666 | 0.72% | Shares |
| Allspring Global Investments Holdings, LLC | $46,292,028 | 523,192 | 0.67% | Shares |
| Invesco Ltd. | $45,533,020 | 523,669 | 0.66% | Shares |
| Caption Management, LLC | $45,214,000 | 520,000 | 0.66% | Call option |
| NORGES BANK | $42,349,432 | 487,055 | 0.62% | Shares |
| EMERALD MUTUAL FUND ADVISERS TRUST | $40,423,229 | 464,902 | 0.59% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $39,974,567 | 459,742 | 0.58% | Shares |
| Boston Trust Walden Corp | $38,280,954 | 440,264 | 0.56% | Shares |
| PERCEPTIVE ADVISORS LLC | $34,639,576 | 398,385 | 0.50% | Shares |
| Nuveen, LLC | $33,743,382 | 388,078 | 0.49% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $30,936,810 | 355,800 | 0.45% | Call option |
| Boxer Capital Management, LLC | $29,171,725 | 335,500 | 0.42% | Shares |
| BANK OF AMERICA CORP /DE/ | $28,568,727 | 328,565 | 0.42% | Shares |
| Public Sector Pension Investment Board | $28,539,077 | 328,224 | 0.42% | Shares |
| FAS Wealth Partners, Inc. | $28,247,969 | 324,876 | 0.41% | Shares |
| JPMORGAN CHASE & CO | $22,653,296 | 253,182 | 0.33% | Shares |
| CITADEL ADVISORS LLC | $22,407,015 | 257,700 | 0.33% | Call option |
| Legal & General Group Plc | $18,961,882 | 218,078 | 0.28% | Shares |
| AMERIPRISE FINANCIAL INC | $18,447,487 | 212,162 | 0.27% | Shares |
| FRANKLIN RESOURCES INC | $18,435,922 | 212,029 | 0.27% | Shares |
| Susquehanna Portfolio Strategies, LLC | $18,347,928 | 211,017 | 0.27% | Shares |
| DIADEMA PARTNERS LP | $17,937,785 | 206,300 | 0.26% | Call option |
| KENNEDY CAPITAL MANAGEMENT LLC | $17,562,074 | 201,979 | 0.26% | Shares |
| Swiss National Bank | $16,708,747 | 192,165 | 0.24% | Shares |
Activists & 5%+ owners 8 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Longitude Capital Partners, LLC, Longitude Venture Partners, L.P., Longitude Capital Associates, L.P., Juliet Tammenoms Bakker, Patrick G. Enright ×6 filings | June 13, 2017 | · | Initial filing | · | SEC |
| JOSEPH C. COOK, JR. ×2 filings | Feb. 15, 2011 | · | Initial filing | · | SEC |
| Longitude Capital Partners, LLC (2), Longitude Venture Partners, L.P. (2), Longitude Capital Associates, L.P. (2), Patrick G. Enright (2), Juliet Tammenoms Bakker (2) ×3 filings | Feb. 11, 2011 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Oct. 26, 2009 | · | Initial filing | Passive investment | SEC |
| Allen Andersson ×6 filings | March 11, 2009 | · | Initial filing | · | SEC |
| Paperboy Ventures, LLC ×6 filings | March 11, 2009 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | April 7, 2008 | · | Initial filing | Passive investment | SEC |
| SS or | Aug. 27, 2007 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 47 insiders · 15 officers · 20 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Joseph K Belanoff | Chief Executive Officer | June 1, 2026 S | 2,565,489 | 0 | 8 | $-10,385,016 |
| Atabak Mokari | Chief Financial Officer | Sept. 2, 2026 F | 16,304 | 0 | 22 | $-18,731,497 |
| Caroline M Loewy | Chief Financial Officer | Nov. 28, 2008 A | · | 0 | 0 | $0 |
| Fred Kurland | Chief Financial Officer | Dec. 20, 2005 P | 7,500 | 0 | 0 | $0 |
| Roberto Wandenkolk Vieira | President, Oncology | Sept. 16, 2026 S | 3,946 | 0 | 8 | $-6,490,598 |
| Sean Maduck | President, Corcept Endocrinology The power of attorney under which this form was signed is on file with the Commission. | Sept. 1, 2026 M | 9,938 | 0 | 17 | $-21,567,736 |
| Robert L Roe | President and Secretary | Jan. 30, 2013 A | 0 | 0 | 0 | $0 |
| Gary Charles Robb | Chief Business Officer | Sept. 24, 2026 G | 20,571 | 0 | 1 | $-1,162,600 |
| Joseph Douglas Lyon | Chief Accounting & Technology Officer | Sept. 14, 2026 M | 5,683 | 0 | 6 | $-2,401,657 |
| William Guyer | Chief Development Officer | Sept. 1, 2026 A | 4,313 | 0 | 20 | $-15,274,731 |
| Hazel Hunt | Chief Scientific Officer | Feb. 27, 2026 A | 255,437 | 0 | 0 | $0 |
| Andreas Grauer | Chief Medical Officer | Feb. 5, 2021 A | · | 0 | 0 | $0 |
| Robert S Fishman | Chief Medical Officer | Nov. 7, 2018 M | 0 | 0 | 0 | $0 |
| Steven Lo | VP Commercial Operations | Oct. 26, 2015 M | 12,500 | 0 | 0 | $0 |
| Anne M Ledoux | VP & Controller | Sept. 28, 2015 M | 50,000 | 0 | 0 | $0 |
| James N Wilson | Director | Sept. 15, 2026 S | 1,064,543 | 0 | 12 | $-3,936,199 |
| Kimberly Park | Director | Aug. 26, 2026 M | 0 | 0 | 1 | $-3,270,247 |
| David L Mahoney | Director | Aug. 18, 2026 S | 1,133,539 | 0 | 5 | $-13,942,210 |
| Joshua M. Murray | Director | May 21, 2026 A | · | 0 | 0 | $0 |
| Gregg H Alton | Director | May 21, 2026 A | · | 0 | 0 | $0 |
| Daniel N Swisher JR | Director | May 21, 2026 A | 0 | 0 | 1 | $-192,588 |
| Leonard G Baker JR | Director | May 21, 2026 A | 1,146,631 | 2 | 0 | $3,313,562 |
| Gillian Cannon | Director | Sept. 10, 2025 G | 0 | 0 | 0 | $0 |
| Daniel Bradbury | Director | Feb. 7, 2019 G | 130,575 | 0 | 0 | $0 |
| Renee D Gala | Director | Aug. 20, 2018 A | 10,000 | 0 | 0 | $0 |
| Patrick G. Enright | Director | March 16, 2017 S | 114,675 | 0 | 0 | $0 |
| Joseph L Turner | Director | June 18, 2015 A | 10,000 | 0 | 0 | $0 |
| COOK JOSEPH C JR | Director | June 18, 2015 A | 2,243,723 | 0 | 0 | $0 |
| James A Harper | Director | June 23, 2010 A | 57,900 | 0 | 0 | $0 |
| Paperboy Ventures, LLC | Director | May 7, 2009 S | 209,694 | 0 | 0 | $0 |
| Allen Andersson | Director | Jan. 16, 2009 S | 97,143 | 0 | 0 | $0 |
| Alix Marduel | Director | March 25, 2008 P | 166,491 | 0 | 0 | $0 |
| Alan F Schatzberg | Director | March 30, 2007 P | 2,438,749 | 0 | 0 | $0 |
| David B. Singer | Director | Dec. 31, 2004 S | 731,667 | 0 | 0 | $0 |
| Bakker Juliet Tammenoms | 10% owner | Dec. 15, 2016 G | 133,539 | 0 | 0 | $0 |
| William H Younger JR | 10% owner | Aug. 14, 2012 J | 123,384 | 0 | 0 | $0 |
| David E Sweet | 10% owner | March 29, 2012 X | 32,096 | 0 | 0 | $0 |
| Jeffrey W Bird | 10% owner | March 29, 2012 X | 242,210 | 0 | 0 | $0 |
| Andrew T Sheehan | 10% owner | March 29, 2012 X | 40,079 | 0 | 0 | $0 |
| James N White | 10% owner | March 29, 2012 X | 247,695 | 0 | 0 | $0 |
| James C Gaither | 10% owner | March 29, 2012 X | 27,052 | 0 | 0 | $0 |
| Tench Coxe | 10% owner | March 29, 2012 X | 880,564 | 0 | 0 | $0 |
| David L Anderson | 10% owner | March 29, 2012 X | 267,288 | 0 | 0 | $0 |
| Michael L Speiser | 10% owner | Oct. 21, 2011 J | 12,692 | 0 | 0 | $0 |
| Gregory P Sands | 10% owner | Oct. 21, 2011 J | 157,108 | 0 | 0 | $0 |
| Edward Penhoet | 10% owner | April 5, 2010 M | 180,204 | 0 | 0 | $0 |
| SUTTER HILL VENTURES | 10% owner | Nov. 11, 2008 J | 3,836,832 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 62 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SCOW · Pacer Funds Trust | 6.12% | 915 NS | July 31, 2026 | N-PORT |
| SPIT · RBB Fund, Inc. | 5.38% | 15,679 NS | July 31, 2026 | N-PORT |
| PJP · Invesco Exchange-Traded Fund Trust | 3.01% | 144,690 SH | Oct. 2, 2026 | Daily |
| IHE · iShares Trust | 2.51% | 353,642 SH | Sept. 11, 2026 | Daily |
| GURU · Global X Funds | 2.26% | 12,106 NS | July 31, 2026 | N-PORT |
| FXH · First Trust Exchange-Traded AlphaDE… | 2.23% | 203,784 NS | July 31, 2026 | N-PORT |
| RFG · Invesco Exchange-Traded Fund Trust | 1.74% | 50,998 SH | Oct. 2, 2026 | Daily |
| PILL · Direxion Shares ETF Trust | 1.67% | 3,007 NS | July 31, 2026 | N-PORT |
| PTH · Invesco Exchange-Traded Fund Trust | 1.58% | 40,038 SH | Oct. 2, 2026 | Daily |
| JSMD · Janus Detroit Street Trust | 1.06% | 97,112 NS | July 31, 2026 | N-PORT |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.91% | 113,726 SH | Aug. 19, 2026 | Daily |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.84% | 42,225 NS | July 31, 2026 | N-PORT |
| CAFG · Pacer Funds Trust | 0.75% | 1,987 NS | July 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.46% | 3,519 NS | July 31, 2026 | N-PORT |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.45% | 334,045 SH | Aug. 19, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.44% | 26,686 NS | July 31, 2026 | N-PORT |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.43% | 15,286 SH | Oct. 2, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | 0.41% | 22,152 SH | Aug. 19, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.39% | 47,385 NS | July 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.37% | 31,089 SH | Sept. 11, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.35% | 77,466 NS | July 31, 2026 | N-PORT |
| IWP · iShares Trust | 0.32% | 535,666 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.30% | 70,503 SH | Oct. 2, 2026 | Daily |
| SMDX · Tidal Trust III | 0.29% | 3,307 NS | July 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.25% | 12,677 NS | July 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.22% | 1,208,721 SH | Aug. 19, 2026 | Daily |
| IYH · iShares Trust | 0.18% | 55,667 SH | Sept. 11, 2026 | Daily |
| FHLC · FIDELITY COVINGTON TRUST | 0.16% | 45,653 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.15% | 205,925 NS | July 31, 2026 | N-PORT |
| SMMD · iShares Trust | 0.15% | 50,711 SH | Sept. 11, 2026 | Daily |
| ESML · iShares Trust | 0.15% | 35,477 SH | Sept. 11, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.12% | 287,765 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.10% | 6,040 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.09% | 6,578 SH | Oct. 2, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.09% | 1,096,518 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.09% | 2,092,890 SH | Aug. 19, 2026 | Daily |
| RECS · Columbia ETF Trust I | 0.08% | 42,014 NS | July 31, 2026 | N-PORT |
| IWR · iShares Trust | 0.08% | 388,164 SH | Sept. 11, 2026 | Daily |
| LRND · New York Life Investments ETF Trust | 0.07% | 2,424 NS | July 31, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.03% | 3,758 SH | Oct. 2, 2026 | Daily |
| IWF · iShares Trust | 0.03% | 356,482 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.02% | 4,173 NS | July 31, 2026 | N-PORT |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.02% | 150,260 SH | Aug. 19, 2026 | Daily |
| IWB · iShares Trust | 0.02% | 65,132 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.01% | 123,770 SH | Sept. 11, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.01% | 6,151 SH | Oct. 2, 2026 | Daily |
| IWV · iShares Trust | 0.01% | 25,793 SH | Sept. 10, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.01% | 59,413 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.01% | 14,060 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 2,894,415 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 78,985 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.01% | 15,743 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 7,953 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 21,424 SH | Aug. 19, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.01% | 2,264 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.01% | 12,752 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 80 NS | July 31, 2026 | N-PORT |
| IJR · iShares Trust | · | 5,828,014 SH | Sept. 10, 2026 | Daily |
| IJT · iShares Trust | · | 903,895 SH | Sept. 9, 2026 | Daily |
| XJR · iShares Trust | · | 13,211 SH | Aug. 31, 2026 | Daily |
| ISCB · iShares Trust | · | 4,427 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 80,396 SH | Sept. 11, 2026 | Daily |
CORT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
5 analysts · 2026-09-30Mean target $141.00 +21.3%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CORT | $3.69B | 42.4 | 12.8% | 13.1% | 15.5% | · |
| BMY | · | 15.6 | -0.22% | 14.6% | 40.5% | · |
| RPRX | · | 21.7 | 5.1% | 32.4% | 8.0% | · |
| ZTS | $53.46B | 20.9 | 2.3% | 28.2% | 66.0% | · |
| VTRS | · | -4.2 | -3.0% | -24.6% | -23.2% | 35.1% |
| ELAN | $11.25B | -48.1 | 6.2% | -4.9% | -3.5% | 55.0% |
| AXSM | $9.29B | -49.6 | 65.5% | -28.7% | -227.0% | · |
| BLTE | $6.29B | -69.2 | · | · | -16.9% | · |
| AMRX | · | 57.3 | 8.1% | 2.4% | -80.0% | 36.9% |
| LLY | · | 46.8 | 44.7% | 31.7% | 101.2% | · |
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