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How Neurocrine Biosciences (NBIX) makes money

Neurocrine Biosciences (NBIX) made $1.1B of revenue in the third quarter 2026 (Q3 2026), +41% from a year earlier. Of every dollar of revenue, 30¢ was left as operating profit, 18¢ was left as net earnings.

Drawing the Sankey…

Neurocrine Biosciences: revenue by line, Q1 2025 to Q2 2026Neurocrine Biosciences: revenue by line, Q1 2025 to Q2 2026Net product salesCollaboration revenuesNet product sales: $954M latest$954MCollaboration revenues: $4.7M latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
The mix barely moved between Q1 2025 and Q2 2026.
Neurocrine Biosciences revenue by quarterNeurocrine Biosciences revenue by quarter$573MQ1 2025$688MQ2 2025$795MQ3 2025$806MQ4 2025$814MQ1 2026$959MQ2 2026$1.1BQ3 2026
Neurocrine Biosciences: where each dollar of revenue goesNeurocrine Biosciences: where each dollar of revenue goesOperating profit30¢Income tax7¢Net earnings18¢Operating cash flow35¢Free cash flow34¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$1.1B100.0%
Operating profit$331M29.5%
Income tax$77.2M6.9%
Net earnings$206M18.4%
Operating cash flow$395M35.2%
Free cash flow$384M34.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$1.1B+41%
Q2 2026$959M+40%
Q1 2026$814M+42%
Q4 2025$806M+28%
Q3 2025$795M+28%
Q2 2025$688M+16%
Q1 2025$573M+11%

From Neurocrine Biosciences' 10-Q filed Nov 2, 2026 (on EDGAR).

Questions

How does Neurocrine Biosciences make money?

Neurocrine Biosciences (NBIX) made $1.1B of revenue in the third quarter 2026 (Q3 2026), +41% from a year earlier. Of every dollar of revenue, 30¢ was left as operating profit, 18¢ was left as net earnings.

What is Neurocrine Biosciences' profit margin?

Net earnings were $206M, 18.4% of revenue, in the third quarter 2026; the operating margin was 29.5%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.