“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 ↗
ACADIA Pharmaceuticals Inc.
ACAD
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.
- Revenue increased 16.4% versus the comparable filing period.
- 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.
Research brief
The story so far
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.
- Revenue increased 16.4% versus the comparable filing period.
- Net income increased 18.1% versus the comparable filing period.
No thresholded adverse filing evidence is available yet.
- ACAD's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- 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.
- 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.
- EV/sales is 51% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
27.76Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“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.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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.
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.