tiprankstipranks
Trending News
More News >
Corcept Therapeutics (CORT)
:CORT
Advertisement

Corcept Therapeutics (CORT) AI Stock Analysis

Compare
1,049 Followers

Top Page

CORT

Corcept Therapeutics

(NASDAQ:CORT)

Rating:73Outperform
Price Target:
$75.00
▲(8.70%Upside)
Corcept Therapeutics' strong financial performance underpins its overall score, highlighting robust revenue growth and a solid balance sheet. However, high valuation metrics and short-term technical indicators suggest caution. The earnings call offers a balanced view, with positive growth potential offset by operational challenges.
Positive Factors
Pipeline Strength
Upcoming events in 2H25 will continue to underscore the strength of the commercial and clinical pipeline.
Product Approval Potential
Relacorilant could potentially receive a positive decision with a broad label from the US regulatory agency based on strong safety and efficacy data.
Supply Chain Improvement
A second specialty pharmacy is expected to be fully operational soon, which could improve supply chain efficiency.
Negative Factors
Intellectual Property Uncertainty
The appellate court decision on Korlym IP is expected to be a stock-moving event, which adds uncertainty to the stock.
Revenue Guidance Downgrade
The company revised 2025 revenue guidance downwards by $50M due to ongoing supply chain issues.
Sales Weakness
1Q sales of Korlym are expected to be weak sequentially due to seasonal need for prior-authorization re-ups and a 4Q distribution hiccup.

Corcept Therapeutics (CORT) vs. SPDR S&P 500 ETF (SPY)

Corcept Therapeutics Business Overview & Revenue Model

Company DescriptionCorcept Therapeutics Incorporated discovers, develops, and commercializes drugs for the treatment of severe metabolic, oncologic, and neuropsychiatric disorders in the United States. The company offers Korlym (mifepristone) tablets as a once-daily oral medication for the treatment of hyperglycemia secondary to hypercortisolism in adult patients with endogenous Cushing's syndrome, who have type 2 diabetes mellitus or glucose intolerance, and have failed surgery or are not candidates for surgery. It is developing relacorilant to treat patients with Cushing's syndrome; and nab-paclitaxel in combination with relacorilant, which has completed Phase II clinical trial to treat patients with advanced ovarian tumors, as well as for the treatment of cortisol excess. The company is also developing selective cortisol modulator to treat patients with metastatic castration-resistant prostate cancer; selective cortisol modulator for the treatment of antipsychotic-induced weight gain and other disorders; and FKBP5 gene expression assays. Corcept Therapeutics Incorporated was incorporated in 1998 and is headquartered in Menlo Park, California.
How the Company Makes MoneyCorcept Therapeutics generates revenue primarily through the sale of its flagship product, Korlym, which is used to treat patients with Cushing's syndrome. The company markets and sells Korlym directly in the United States, which constitutes the main source of its revenue. Additionally, Corcept invests in research and development to expand its portfolio, aiming to develop new applications for its proprietary cortisol modulating drugs in various therapeutic areas such as oncology and metabolic disorders. While Korlym sales are the primary revenue stream, successful clinical trials and subsequent approvals for new indications could enhance its earnings potential in the future. The company may also engage in partnerships or collaborations with other pharmaceutical firms to broaden its market reach and accelerate development timelines, although specific partnerships were not detailed.

Corcept Therapeutics Earnings Call Summary

Earnings Call Date:Jul 31, 2025
(Q2-2025)
|
% Change Since: 2.72%|
Next Earnings Date:Oct 29, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted impressive revenue growth and significant advancements in clinical trials, suggesting a strong commercial outlook. However, these were tempered by supply chain challenges and ongoing patent litigation, leading to a mixed outlook.
Q2-2025 Updates
Positive Updates
Record Revenue Growth
Corcept Therapeutics reported a revenue of $194.4 million for Q2 2025, a significant increase from $163.8 million in the prior year period, despite certain challenges.
Strong Endocrinology Division Performance
The endocrinology division saw a record number of new prescribers and prescriptions for the sixth consecutive quarter, with a 49% increase in tablets shipped compared to the previous year.
Positive CATALYST Study Outcomes
The CATALYST study showed that 1 in 4 patients with difficult-to-control diabetes have hypercortisolism, and treatment with a cortisol modulator improved their signs and symptoms significantly.
Promising ROSELLA Trial Results
The ROSELLA trial for relacorilant in platinum-resistant ovarian cancer met its primary endpoint of improved progression-free survival, with a 30% reduction in the risk of disease progression.
Expansion of Sales Force
The company significantly increased its sales force to 145 clinical specialists, with plans to reach 175 by the end of the year, to support growing demand.
Negative Updates
Supply Chain Challenges
The insufficient capacity of the pharmacy vendor did not meet expectations, resulting in a $15 million impact on Q2 results and delays in patient medication fulfillment.
Slight Decline in Net Income
Net income for Q2 2025 was $35.1 million, slightly down from $35.5 million in the prior year period.
Ongoing Patent Litigation
Continued patent litigation with Teva regarding a generic version of Korlym, with a decision expected in the next 2 to 3 months.
Company Guidance
During the Corcept Therapeutics Second Quarter 2025 Earnings Conference Call, the company reported a second-quarter revenue of $194.4 million, up from $163.8 million in the same period last year, and adjusted their full-year 2025 revenue guidance to $850 million to $900 million. Net income was $35.1 million, slightly down from $35.5 million the previous year. Despite a record number of new prescribers and prescriptions, revenue growth was constrained by pharmacy vendor capacity issues, with a $15 million impact. Cash and investments totaled $515 million as of June 30, reflecting a $115 million stock repurchase. The company anticipates further growth, forecasting relacorilant to generate $3 billion to $5 billion annually in hypercortisolism revenue, and plans to expand their sales force from 145 to 175 clinical specialists by year-end.

Corcept Therapeutics Financial Statement Overview

Summary
Corcept Therapeutics displays a robust financial profile with strong revenue growth and profitability margins, supported by a solid balance sheet with minimal debt. However, a slight decrease in cash flow metrics is noted, though cash generation remains effective.
Income Statement
85
Very Positive
Corcept Therapeutics has demonstrated strong revenue growth, with a 70.6% increase from 2021 to 2024 and a TTM revenue of $685.45 million. The company's gross profit margin remains impressive at approximately 98% consistently over the periods. However, there was a slight decline in EBIT margin from 19.7% in 2024 to 16.2% in the TTM, indicating some pressure on operational efficiency. Net profit margin stayed robust at around 19.4% in the TTM, showing stable profitability.
Balance Sheet
88
Very Positive
The company's balance sheet is strong, with a low debt-to-equity ratio of 0.01 and a high equity ratio of 80.7% in the TTM. Stockholders’ equity has shown consistent growth, increasing from $375.81 million in 2021 to $683.29 million in the TTM. This indicates a solid financial foundation with minimal leverage and significant equity backing.
Cash Flow
78
Positive
Operating cash flow remains healthy, with a slight decrease from $198.07 million in 2024 to $179.44 million in the TTM. Free cash flow has also decreased but remains positive at $177.16 million in the TTM. The operating cash flow to net income ratio is strong, indicating effective cash conversion from earnings, although there's a decline in free cash flow compared to previous years.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue716.08M675.04M482.38M401.86M365.98M353.87M
Gross Profit704.42M664.16M475.89M396.47M360.70M348.29M
EBITDA103.37M136.95M108.32M113.89M127.95M130.44M
Net Income131.98M139.73M106.14M101.42M112.51M106.01M
Balance Sheet
Total Assets801.72M840.55M621.52M583.43M423.76M571.73M
Cash, Cash Equivalents and Short-Term Investments342.23M383.33M368.22M436.62M335.81M476.89M
Total Debt6.61M6.94M151.00K1.14M526.00K2.55M
Total Liabilities165.93M160.96M114.81M81.59M47.95M48.39M
Stockholders Equity635.79M679.59M506.70M501.84M375.81M523.34M
Cash Flow
Free Cash Flow180.28M195.90M126.90M119.91M167.42M150.73M
Operating Cash Flow182.20M198.07M127.04M120.32M167.89M151.97M
Investing Cash Flow-41.44M-177.60M90.91M-114.33M136.13M-119.26M
Financing Cash Flow-168.39M-28.35M-148.72M-17.28M-302.59M12.21M

Corcept Therapeutics Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price69.00
Price Trends
50DMA
71.76
Negative
100DMA
70.17
Negative
200DMA
63.51
Positive
Market Momentum
MACD
-0.93
Positive
RSI
46.73
Neutral
STOCH
40.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CORT, the sentiment is Neutral. The current price of 69 is below the 20-day moving average (MA) of 69.92, below the 50-day MA of 71.76, and above the 200-day MA of 63.51, indicating a neutral trend. The MACD of -0.93 indicates Positive momentum. The RSI at 46.73 is Neutral, neither overbought nor oversold. The STOCH value of 40.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CORT.

Corcept Therapeutics Risk Analysis

Corcept Therapeutics disclosed 28 risk factors in its most recent earnings report. Corcept Therapeutics reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Corcept Therapeutics Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
$7.27B15.66147.06%25.65%57.10%
75
Outperform
$8.60B66.916.53%0.58%4.72%-35.33%
73
Outperform
$7.27B61.4021.42%25.71%4.48%
56
Neutral
$6.71B-50.16%21.83%
56
Neutral
$7.14B-20.01%112.54%54.30%
54
Neutral
$1.56B19.61-23.61%59.15%-1881.09%
51
Neutral
$7.37B0.33-68.94%2.37%16.27%0.42%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CORT
Corcept Therapeutics
69.00
34.49
99.94%
HALO
Halozyme
59.02
6.91
13.26%
MDGL
Madrigal Pharmaceuticals
302.17
42.72
16.47%
TECH
Bio-Techne
54.89
-22.39
-28.97%
SRPT
Sarepta Therapeutics
15.91
-124.74
-88.69%
LEGN
Legend Biotech
38.80
-14.58
-27.31%

Corcept Therapeutics Corporate Events

Stock BuybackBusiness Operations and StrategyFinancial Disclosures
Corcept Therapeutics Reports Q2 2025 Financial Results
Positive
Jul 31, 2025

On July 31, 2025, Corcept Therapeutics announced its financial results for the second quarter of 2025, reporting a revenue increase to $194.4 million from $163.8 million in the same quarter of 2024. Despite a slight decrease in net income, the company highlighted significant clinical development milestones, including the publication of results from its CATALYST and ROSELLA studies and ongoing New Drug Applications for relacorilant in hypercortisolism and platinum-resistant ovarian cancer. Corcept’s advancements in clinical trials and strategic stock repurchases indicate a robust growth trajectory and potential leadership in cortisol modulation therapies.

The most recent analyst rating on (CORT) stock is a Buy with a $67.00 price target. To see the full list of analyst forecasts on Corcept Therapeutics stock, see the CORT Stock Forecast page.

Product-Related AnnouncementsRegulatory Filings and Compliance
Corcept Therapeutics Submits New Drug Application to FDA
Positive
Jul 14, 2025

On July 14, 2025, Corcept Therapeutics announced the submission of a new drug application to the U.S. FDA for relacorilant, a selective cortisol modulator, to treat platinum-resistant ovarian cancer. This submission, based on positive Phase 3 ROSELLA and Phase 2 trial data, marks a significant milestone for Corcept, which now has two NDAs before the FDA. The trials showed that relacorilant, combined with nab-paclitaxel, improved progression-free and overall survival without increasing adverse events compared to nab-paclitaxel alone. The approval of relacorilant could provide a much-needed treatment option for patients with platinum-resistant ovarian cancer, a condition with limited current therapies.

The most recent analyst rating on (CORT) stock is a Buy with a $115.00 price target. To see the full list of analyst forecasts on Corcept Therapeutics stock, see the CORT Stock Forecast page.

Executive/Board ChangesShareholder Meetings
Corcept Therapeutics Holds Annual Stockholder Meeting
Neutral
Jun 16, 2025

On June 10, 2025, Corcept Therapeutics held its annual meeting of stockholders, where key decisions included the election of nine directors, ratification of Ernst & Young LLP as the independent accounting firm for 2025, and approval of executive compensation. These decisions are significant for the company’s governance and operational oversight, impacting its strategic direction and stakeholder relations.

The most recent analyst rating on (CORT) stock is a Buy with a $115.00 price target. To see the full list of analyst forecasts on Corcept Therapeutics stock, see the CORT Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Corcept Therapeutics Reports Q1 2025 Financial Results
Neutral
May 5, 2025

On May 5, 2025, Corcept Therapeutics announced its financial results for the first quarter of 2025, reporting a revenue of $157.2 million, an increase from $146.8 million in the same period last year. Despite a record number of prescriptions, the company’s net income per share decreased due to initial fulfillment issues by its specialty pharmacy vendor. The company reiterated its 2025 revenue guidance of $900-$950 million. Corcept’s clinical development highlights include progress towards FDA approval for relacorilant in hypercortisolism and upcoming NDA submissions for relacorilant in platinum-resistant ovarian cancer. The company is also advancing studies in ALS and MASH, with significant findings from its DAZALS study showing improved survival rates for ALS patients on dazucorilant.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 02, 2025