Feed / CRNX

Crinetics Pharmaceuticals, Inc.

CRNX

Healthcare · 84.96 +0.0% today

Isolated · not yet confirmedMarket checked 31 Aug, 16:00 GMT-4

Market read

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

No new filing conclusion is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Company+0.0% todayVolume comparison unavailable
Market group0 of 2 activeMixed Industries · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • The planned Vertex merger remains subject to shareholder approval, HSR waiting-period action, and foreign regulatory clearances, with closing currently expected in the third quarter of 2026.
  • PALSONIFY net product revenue increased in the three months ended March 31, 2026 due to continued gains on patient activations.

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

Watch this read

Research brief

The story so far

Healthcare · Biotechnology

No new filing conclusion is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • The planned Vertex merger remains subject to shareholder approval, HSR waiting-period action, and foreign regulatory clearances, with closing currently expected in the third quarter of 2026.
  • PALSONIFY net product revenue increased in the three months ended March 31, 2026 due to continued gains on patient activations.

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 observations322
Usable filing statements53
Verified relationships1
Evidence supporting the case
  • Latest annual revenue changed +640.7% year over year.
  • Operating margin changed +25898.7 percentage points in the latest annual period.
  • Net margin changed +22674.5 percentage points in the latest annual period.
  • Product pipeline and R&D has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Diluted shares increased 16.4% in the latest annual period.
Questions before a position
  • EV/sales is 5692% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 2, 2026

84.95
6m+115.0%12m+155.1%24m
Annual trajectory

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

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.1M+1418.3%$-2.80+26.2%
2022-12-31$4.7M+339.4%$-3.15+35.2%
2023-12-31$4.0M-15.3%$-3.69+11.7%
2024-12-31$1.0M-74.1%$-3.69+39.1%
2025-12-31$7.7M+640.7%$-4.95+16.4%

What management says matters

Persistent and emerging business drivers

Product pipeline and R&Dmixed · 5 filings
30, 2026 as compared to the sequential and prior year periods was primarily due to the increase in personnel expenses and professional 22 Table of Contents services to support our continued growth, following the commercial launch of PALSONIFY in the fourth qu…
10-Q · Aug 3, 2026
Restructuring and cost reductionsmixed · 1 filings
For securities not meeting these criteria, the Company evaluates whether the decline in fair value is due to credit losses, considering factors such as severity of impairment, interest rate changes, credit ratings, and expected recovery.
10-K · Feb 26, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1038.2× · EV/sales 1025.0×. 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

84.96+0.0% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 31 Aug, 16:00 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 CRNX. 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.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for CRNX. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind CRNX

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

Depends on

LLYEli Lilly and CompanypartnerFeb 26, 2026

In July 2024, Radionetics formed a strategic partnership with Eli Lilly and Company (“Lilly”), receiving a $ 140.0 million upfront payment and granting Lilly the exclusive right to acquire Radionetics for $ 1.0 billion.

Filing peers

Companies whose filings use similar operating language.

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

CRNX is currently a Early Follower in the organic co-movement group Mixed Industries. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

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