Corcept Therapeutics reported its Q2 2025 earnings on July 31, revealing a significant earnings per share (EPS) beat but a slight revenue miss. The company posted an EPS of $0.29, exceeding the forecasted $0.19 by 52.63%. Revenue came in at $194.4 million, slightly below the anticipated $199.4 million, resulting in a 2.51% surprise. According to InvestingPro data, Corcept maintains a "GREAT" financial health score, with particularly strong profitability metrics. Despite the EPS beat, Corcept’s stock fell 3.92% in after-hours trading, closing at $69.77, as investors reacted to the revenue miss and ongoing supply chain issues.
Key Takeaways
- EPS of $0.29 beat expectations by 52.63%.
- Revenue missed forecasts by 2.51%, impacted by supply chain constraints.
- Stock price decreased by 3.92% in after-hours trading.
- Corcept revised its 2025 revenue guidance to $850-900 million.
- Significant growth in Korlym prescriptions and promising drug pipeline.
Company Performance
Corcept Therapeutics demonstrated resilience in Q2 2025, with revenue reaching $194.4 million, up from $163.8 million in the previous year. The company’s impressive 30.9% revenue growth over the last twelve months reflects strong market momentum. Despite a slight decline in net income to $35.1 million from $35.5 million, the company maintained strong cash and investments totaling $515 million. The launch of an authorized generic product, which now constitutes two-thirds of its business, has been a key driver of performance, despite initial discounts impacting revenue.
Financial Highlights
- Revenue: $194.4 million, up from $163.8 million YoY.
- Earnings per share: $0.29, exceeding the $0.19 forecast.
- Net income: $35.1 million, slightly down from $35.5 million YoY.
- Cash and investments: $515 million.
- Earnings vs. Forecast
Corcept’s EPS of $0.29 surpassed the forecasted $0.19, marking a 52.63% positive surprise. However, revenue fell short of expectations, coming in at $194.4 million against the projected $199.4 million, a 2.51% miss. This mixed performance reflects both strong cost management and challenges in revenue growth.
Market Reaction
Following the earnings release, Corcept’s stock experienced a 3.92% decline in after-hours trading, closing at $69.77. This drop reflects investor concerns over the revenue miss and supply chain issues, despite the EPS beat. The stock remains within its 52-week range of $32.33 to $117.33, with analysts setting price targets between $131 and $145
Outlook & Guidance
Corcept revised its 2025 revenue guidance to $850-900 million, reflecting confidence in its product pipeline and market expansion efforts. The company is optimistic about its upcoming drug approvals and expects significant contributions from its expanded sales force and new pharmacy partnerships.
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