CORT financial statements

The full income statement, balance sheet, and cash-flow statement for Corcept Therapeutics Incorporated (CORT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 104.5M2024-09 104.8M2024-12 105.5M2025-03 106.0M2025-06 105.4M2025-09 105.2M2025-12 106.4M2026-03 107.4M2026-06 108.1M+3.5% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	761M YoY+12.8%	675M YoY+39.9%	482M YoY+20.0%	402M YoY+9.8%	366M YoY+3.4%
Cost of revenue	13.0M YoY+19.3%	10.9M YoY+67.9%	6.48M YoY+20.4%	5.38M YoY+2.0%	5.28M YoY-5.4%
Research & development	255M YoY+3.2%	247M YoY+33.9%	184M YoY+40.7%	131M YoY+15.0%	114M YoY-0.8%
Selling, general & administrative	449M YoY+60.1%	280M YoY+52.1%	184M YoY+20.6%	153M YoY+24.9%	122M YoY+16.2%
Amortization of intangibles	—	—	465K YoY-2.5%	477K YoY+16.6%	409K
Operating income	44.8M YoY-67.3%	137M YoY+27.7%	107M YoY-4.8%	113M YoY-9.5%	124M YoY-2.9%
Other non-operating income	21.7M YoY-11.7%	24.5M YoY+42.1%	17.3M YoY+385.7%	3.56M YoY+572.4%	529K
Pre-tax income	66.5M YoY-58.8%	161M YoY+29.7%	125M YoY+7.2%	116M YoY-7.1%	125M YoY-5.0%
Income tax	-33.2M YoY-263.6%	20.3M YoY+10.1%	18.4M YoY+24.7%	14.8M YoY+18.2%	12.5M YoY-51.2%
	99.7M YoY-29.4%	141M YoY+33.0%	106M YoY+4.7%	101M YoY-9.9%	113M YoY+6.1%
Net income to common	98.2M YoY-29.7%	140M YoY+32.5%	105M YoY+4.2%	101M YoY-10.0%	113M YoY+6.1%
	$0.82 YoY-33.3%	$1.23 YoY+30.9%	$0.94 YoY+8.0%	$0.87 YoY-2.2%	$0.89 YoY+4.7%
EPS (basic)	$0.95 YoY-29.6%	$1.35 YoY+32.4%	$1.02 YoY+7.4%	$0.95 YoY-2.1%	$0.97 YoY+5.4%
	104M YoY+0.6%	103M YoY-0.3%	104M YoY-3.0%	107M YoY-7.7%	116M YoY+0.2%
	120M YoY+5.7%	113M YoY+1.6%	112M YoY-3.6%	116M YoY-7.9%	126M YoY+1.4%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	485M YoY+2.9%	472M YoY+2.8%	459M YoY-8.1%	499M YoY+87.4%	266M YoY-44.3%
Cash & equivalents	120M YoY-5.6%	128M YoY-5.8%	136M YoY+104.4%	66.3M YoY-14.5%	77.6M YoY+1.9%
Short-term investments	252M YoY-1.6%	256M YoY+9.9%	233M YoY-36.3%	365M YoY+150.4%	146M YoY-60.0%
Accounts receivable	59.8M YoY+10.8%	54.0M YoY+31.3%	41.1M YoY+32.4%	31.1M YoY+12.4%	27.6M YoY+5.4%
Inventory	12.9M YoY+3.7%	12.4M YoY+60.6%	7.73M YoY+26.7%	6.10M YoY+22.3%	4.99M YoY+1.6%
Prepaid expenses	40.7M YoY+85.8%	21.9M YoY-20.6%	27.6M YoY+67.8%	16.4M YoY+59.2%	10.3M YoY+54.0%
Other current assets	7.10M YoY+16.8%	6.08M YoY+3.3%	5.88M	—	—
	837M YoY-0.5%	841M YoY+35.2%	622M YoY+6.5%	583M YoY+37.7%	424M YoY-25.9%
Property, plant & equipment	1.89M YoY-29.7%	2.69M YoY+1279.0%	195K YoY-69.2%	633K YoY-36.8%	1.00M YoY-40.2%
Operating lease right-of-use	4.58M YoY-13.9%	5.32M YoY+4336.7%	120K YoY-89.5%	1.14M YoY+122.4%	514K YoY-79.5%
Long-term investments	160M YoY-27.1%	220M YoY+284.5%	57.2M YoY+1055.8%	4.95M YoY-95.6%	112M YoY+210.2%
Deferred tax assets	168M YoY+28.5%	131M YoY+44.5%	90.6M YoY+47.4%	61.5M YoY+123.9%	27.5M YoY-13.1%
Other non-current assets	5.15M YoY-22.0%	6.61M YoY+1.1%	6.54M YoY+29.3%	5.06M YoY+64.1%	3.08M YoY-38.3%
	166M YoY+18.0%	141M YoY+34.7%	105M YoY+44.2%	72.5M YoY+52.5%	47.5M YoY+0.1%
Accounts payable	40.4M YoY+163.0%	15.4M YoY-11.6%	17.4M YoY+45.3%	12.0M YoY+73.4%	6.91M YoY-34.5%
Accrued liabilities	90.6M YoY-0.1%	90.7M YoY+75.7%	51.6M YoY+67.6%	30.8M YoY+11.3%	27.7M YoY+30.6%
Current lease liability	1.08M YoY+30.8%	829K YoY+449.0%	151K YoY-86.8%	1.14M YoY+117.3%	526K YoY-74.3%
	189M YoY+17.3%	161M YoY+40.2%	115M YoY+40.7%	81.6M YoY+70.2%	48.0M YoY-0.9%
Non-current lease liability	5.02M YoY-17.8%	6.11M	0.00	—	0.00 YoY-100.0%
Operating lease liability (total)	6.11M YoY-12.0%	6.94M YoY+4493.4%	151K YoY-86.8%	1.14M YoY+117.3%	526K YoY-79.4%
	648M YoY-4.7%	680M YoY+34.1%	507M YoY+1.0%	502M YoY+33.5%	376M YoY-28.2%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	140K YoY+2.9%	136K YoY+2.3%	133K YoY+1.5%	131K YoY+3.1%	127K YoY+4.1%
Additional paid-in capital	969M YoY+16.4%	832M YoY+12.7%	739M YoY+11.5%	662M YoY+12.0%	591M YoY+14.6%
Retained earnings	643M YoY+18.3%	544M YoY+35.1%	403M YoY+35.8%	296M YoY+52.0%	195M YoY+136.5%
Treasury stock	967M YoY+38.8%	696M YoY+9.6%	635M YoY+39.2%	456M YoY+11.1%	410M YoY+441.5%
Accumulated other comprehensive income	2.26M YoY+1143.3%	-217K YoY-135.6%	609K YoY+170.1%	-869K YoY-282.8%	-227K YoY-154.7%
Total liabilities & equity	837M YoY-0.5%	841M YoY+35.2%	622M YoY+6.5%	583M YoY+37.7%	424M YoY-25.9%
	143M YoY+3.5%	138M YoY+2.5%	134M YoY+2.6%	131M YoY+2.9%	127M YoY+3.8%
	106M YoY+0.8%	105M YoY+1.7%	103M YoY-4.1%	108M YoY+1.8%	106M YoY-9.2%
	106M YoY+0.8%	106M YoY+1.9%	104M YoY-4.1%	108M YoY+1.8%	106M YoY-9.7%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	142M YoY-28.4%	198M YoY+56.5%	127M YoY+5.3%	120M YoY-28.3%	168M YoY+10.5%
Depreciation & amortization	1.15M YoY+44.5%	795K YoY-23.7%	1.04M YoY-17.2%	1.26M YoY+17.4%	1.07M YoY+104.2%
Intangible amortization	—	—	465K YoY-2.5%	477K YoY+16.6%	409K
Share-based compensation	84.5M YoY+37.7%	61.4M YoY+25.4%	48.9M YoY+15.3%	42.4M YoY-1.1%	42.9M YoY+28.0%
Deferred income taxes	-37.5M YoY+6.6%	-40.2M YoY-36.3%	-29.5M YoY+13.0%	-33.9M YoY-880.1%	4.35M YoY-69.2%
Change in receivables	5.81M YoY-54.8%	12.9M YoY+27.7%	10.1M YoY+193.3%	3.43M YoY+140.5%	1.43M YoY-77.2%
Change in inventory	7.48M YoY+2552.8%	-305K YoY+75.9%	-1.26M YoY-5.5%	-1.20M YoY+65.2%	-3.44M YoY-198.0%
Change in payables	25.1M YoY+1341.0%	-2.02M YoY-137.3%	5.42M YoY+13.9%	4.76M YoY+232.2%	-3.60M YoY-213.8%
	69.8M YoY+139.3%	-178M YoY-295.4%	90.9M YoY+179.5%	-114M YoY-184.0%	136M YoY+214.1%
Capital expenditure	211K YoY-90.3%	2.17M YoY+1462.6%	139K YoY-66.3%	413K YoY-11.9%	469K YoY-62.1%
Free cash flow	142M YoY-27.7%	196M YoY+55.0%	127M YoY+5.5%	120M YoY-28.4%	167M YoY+11.1%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Sales/maturities of investments	—	—	420M YoY+74.1%	241M YoY-39.6%	399M YoY+32.1%
	-220M YoY-677.3%	-28.3M YoY+80.9%	-149M YoY-760.5%	-17.3M YoY+94.3%	-303M YoY-2577.4%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	173M YoY+1003.9%	15.7M	0.00	0.00	0.00 YoY-100.0%
Dividends paid	0.00	0.00	0.00	0.00	0.00
FX effect on cash	1.44M YoY+732.5%	-228K YoY-163.7%	358K	—	—
Net change in cash	-7.17M YoY+9.1%	-7.89M YoY-111.4%	69.2M YoY+713.2%	-11.3M YoY-891.0%	1.43M YoY-96.8%
Income taxes paid	13.0M YoY-78.5%	60.3M YoY+26.6%	47.6M YoY+19.8%	39.7M YoY+336.6%	9.10M YoY-16.1%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	3.70B YoY-30.4%	5.32B YoY+58.8%	3.35B YoY+53.1%	2.19B YoY+4.2%	2.10B YoY-31.6%
P/E	37.1× YoY-1.3%	37.6× YoY+2.8%	36.6× YoY+95.8%	18.7× YoY+0.3%	18.6× YoY-35.6%
P/S	4.9× YoY-38.3%	7.9× YoY+5.9%	7.4× YoY+35.3%	5.5× YoY-4.1%	5.7× YoY-33.9%
P/B	5.7× YoY-27.0%	7.8× YoY+7.9%	7.3× YoY+57.0%	4.6× YoY-17.3%	5.6× YoY-4.8%
P/FCF	26.1× YoY-3.7%	27.1× YoY+25.0%	21.7× YoY+34.8%	16.1× YoY+28.4%	12.5× YoY-38.5%
	2.7% YoY+1.3%	2.7% YoY-2.7%	2.7% YoY-48.9%	5.3% YoY-0.3%	5.4% YoY+55.2%
	3.8% YoY+3.8%	3.7% YoY-20.0%	4.6% YoY-25.8%	6.2% YoY-22.1%	8.0% YoY+62.5%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: CORT's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CORT filings on SEC EDGAR → Not investment advice.