earnings
confidence high
sentiment neutral
materiality 0.75
Neurocrine Biosciences Q2 2025: Revenue $687.5M up 16.5% YoY; valbenazine Phase 3 schizophrenia miss
NEUROCRINE BIOSCIENCES INC
2025-Q2 EPS reported
$1.13
revenue$1,260,100,000
- Total revenue $687.5M; INGREZZA $624.4M (+8% YoY), CRENESSITY $53.2M (launch year).
- GAAP diluted EPS $1.06 (vs $0.63 Q2 2024); Non-GAAP diluted EPS $1.65 (vs $1.63).
- INGREZZA 2025 net product sales guidance narrowed to $2.50-2.55B from $2.50-2.60B.
- CRENESSITY: 664 new patient enrollment start forms in Q2; 76% reimbursement coverage for dispensed scripts.
- Phase 3 study of valbenazine for adjunctive schizophrenia did not meet primary endpoint; safety consistent.
item 2.02item 9.01