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ACADIA Pharmaceuticals Inc.

ACAD

Healthcare · 27.76 +0.3% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

ACADIA Pharmaceuticals Inc.'s current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

What changed
  • Revenue increased 16.4% versus the comparable filing period.
Company+0.3% todayVolume comparison unavailable
Market group0 of 37 activeBiotechnology · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • ACAD's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if ACAD's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Biotechnology

The latest filing evidence is available. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 16.4% versus the comparable filing period.
  • Net income increased 18.1% versus the comparable filing period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • ACAD's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements87
Verified relationships2
Evidence supporting the case
  • Latest annual revenue changed +11.9% year over year.
  • Net margin changed +12.8 percentage points in the latest annual period.
  • Product pipeline and R&D has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Operating margin changed -14.3 percentage points in the latest annual period.
  • Diluted shares increased 2.1% in the latest annual period.
  • Operating cash flow was only 0.28x net income in the latest annual period.
Questions before a position
  • EV/sales is 51% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

27.76
6m+26.4%12m+11.8%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$484.1M+9.6%$-1.05+2.0%
2022-12-31$517.2M+6.8%$-1.34+0.7%
2023-12-31$726.4M+40.4%$-0.37+1.3%
2024-12-31$957.8M+31.8%$1.36+1.6%
2025-12-31$1.1B+11.9%$2.30+2.1%

What management says matters

Persistent and emerging business drivers

Product pipeline and R&Dmixed · 5 filings
This increase in cash provided by operations primarily resulted from the increase in product revenue partially offset by the increases in our research and development cost and selling, general and administrative cost.
10-Q · Aug 5, 2026
Macroeconomic conditionspositive · 1 filings
The increase in net product sales of NUPLAZID of $70.7 million was due to the growth in NUPLAZID unit sales as well as a higher average net selling price of NUPLAZID in 2025 compared to 2024, partially offset by an unfavorable gross-to-net adjustments of appr…
10-K · Feb 26, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 4.4× · EV/sales 4.2×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

27.76+0.3% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for ACAD. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment

Fundamentals strengthened in the latest filing

10-Q filed 2026-08-05 against the comparable filing from 2025-08-07.

constructive
OperationsconstructiveEvidence score +3
liquidityneutralEvidence score 0
valuationdiscount

Capital and cash conversion

Reported investment and cash context

Capital spending YoY
+3368.4%
Capital spending / revenue
+1.8%
Free-cash-flow margin
+21.6%
FCF margin change
+5.1 pts

Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.

What improved

  • Revenue increased 16.4% versus the comparable filing period.
  • Net income increased 18.1% versus the comparable filing period.

What weakened

No thresholded deterioration was identified.

Filing receipts

The increase in net cash provided by investing activities for the six months ended June 30, 2026 compared to the six months ended June 30, 2025 was primarily due to increased net sales and maturity of investment securities.

This increase in cash provided by operations primarily resulted from the increase in product revenue partially offset by the increases in our research and development cost and selling, general and administrative cost.

The increase in net product sales of DAYBUE products of $45.3 million was primarily due to the growth in DAYBUE products unit sales.

Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.

Business ecosystem

The relationships behind ACAD

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

STOKStoke Therapeutics, Inc.partnerMay 7, 2026

In January 2022, the Company entered into a license and collaboration agreement with Stoke Therapeutics, Inc.

Depended on by

STOKStoke Therapeutics, Inc.partnerMar 16, 2026

In addition, although we intend to establish a sales organization if we are able to obtain approval to market any product candidates, we have entered into a strategic alliance with Biogen to develop and commercialize zorevunersen outside of North America (the…

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

ACAD is currently a Follower in the organic co-movement group Biotechnology. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for ACAD; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.