CORT · NASDAQ · Medical - Pharmaceuticals

Corcept Therapeutics (CORT)

Develops cortisol-modulating medicines for endocrine disease and cancer.

$117.07
vs last close+3.31 (+2.91%)
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Corcept Therapeutics IncorporatedCORT
Health Care

Sells Korlym for endogenous Cushing's syndrome and Lifyorli, an ovarian-cancer therapy used with nab-paclitaxel. The commercial-stage business is built around cortisol modulation, with Korlym its commercial base and Lifyorli extending the platform into oncology.

Markets Korlym for endogenous Cushing's syndrome and an authorized generic, while Lifyorli is approved with nab-paclitaxel for specified platinum-resistant ovarian, fallopian-tube, and primary-peritoneal cancers.

The commercial-stage business centers on cortisol modulation, with additional clinical work in Cushing's syndrome, solid tumors, ALS, and liver disease. Korlym is marketed in the United States and remains the commercial base; Lifyorli extends the platform into oncology.

Generic mifepristone competition, Korlym patent litigation, and distinct FDA paths for relacorilant shape the business. Its hypercortisolism application received a Complete Response Letter, separate from Lifyorli's oncology approval.

Company facts

CEOJoseph K. Belanoff, M.D.
ListedApr 14, 2004
ExchangeNASDAQ
HeadquartersRedwood City, CA
CountryUnited States
Employees730
CIK0001088856
ISINUS2183521028

Market cap$12.30B
EPS (ttm)$0.4200
P/E (ttm)270.86
ROE8.4%
P/B17.42
P/S14.80
Dividend yieldDiv yield
Beta1.86vs XLV 0.68

Price target$142.50+25.3%Average of 26 analysts
ConsensusBuy14 of 26 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 18, 2026Truist FinancialTarget
Target: $50
Target: $164
Jul 30, 2026H.C. WainwrightReiterate
Rating: Target: $95
Rating: BuyTarget: $165
Jul 29, 2026Canaccord GenuityReiterate
Rating: Target: $100
Rating: BuyTarget: $150
Jul 27, 2026Wolfe ResearchDowngrade
Rating: Peer PerformTarget: $30
Rating: UnderperformTarget: $50
Jun 2, 2026H.C. WainwrightTarget
Target: $75
Target: $95

Next report
Nov 4, 26
in 43 days
EPS estimate
$0.81
Revenue estimate
$323.9M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Nov '25Feb '26Apr '26Jul '26Nov '26
Reported$0.26$0.17$0.29$0.16$0.20−$0.30$0.36Pending
Estimate$0.37$0.17$0.23$0.18$0.33−$0.11$0.02$0.81
Surprise−29.7%0.0%+26.1%−11.1%−39.4%−172.3%+1,383.3%

RevenueReportedEstimate

Feb '25May '25Jul '25Nov '25Feb '26Apr '26Jul '26Nov '26
Reported$181.9M$157.2M$194.4M$207.6M$202.1M$164.9M$256.1MPending
Estimate$200.1M$216.7M$244.6M$255.3M$254.9M$185.3M$221.1M$323.9M
Surprise−9.1%−27.4%−20.5%−18.7%−20.7%−11.0%+15.8%
Estimate$0.81
ReportedDue Nov 4, 2026
Estimate$323.9M
ReportedDue Nov 4, 2026
View details

Debt to equity1.30%
Current ratio285.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$182.5M$181.9M$157.2M$194.4M$207.6M$202.1M$164.9M$256.1M
Net income$46.7M$30.4M$20.5M$35.1M$19.7M$24.3M−$31.2M$42.1M
Net margin25.6%16.7%13.1%18.1%9.5%12.0%0.0%16.5%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$46.6M$25.3M$3.4M$26.7M$10.2M$4.5M−$49.6M$41.3M
YoY growth+49.5%−20.2%−88.4%−25.1%−78.1%−82.2%Turned loss+54.8%

Balance sheet, Jun 30, 2026Cash & short-term investments $308.2M · Total debt $9.4M · Total assets $888.7M · Shareholders' equity $705.8M

Revenue
$256.1M
Operating income
$41.3M
Net income
$42.1M
View details

No dividends on record.

Institutions77.27%83.52M shares
451 holders · as of Jun 30, 2026
Insiders18.62%20.13M shares
11 holders · as of Sep 18, 2026
Other4.11%4.44M shares
remainder

108.10M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
11.50%12.43Mas of Jun 30, 2026
Ingalls & Snyder LLCInstitution
7.34%7.93Mas of Jun 30, 2026
Joseph K. Belanoff1Insiderdirector, officer: Chief Executive Officer
6.03%6.82Mfiled Jun 2, 2026
Patrick G. Enright2Insiderdirector
5.94%6.42Mfiled Mar 22, 2017
G. Leonard Jr Baker3,4Insiderdirector
5.28%5.47Mfiled Mar 19, 2026
  1. Joseph K. Belanoff's transaction reports restate only vehicles that traded; the 2025 ownership statement (6.82M) less the 306.8K net shares sold since is used instead.
  2. Patrick G. Enright's transaction reports restate only vehicles that traded; the 2017 ownership statement (6.42M) is used instead.
  3. G. Leonard Jr Baker's transaction reports restate only vehicles that traded; the 2022 ownership statement (5.47M) plus the 240.0K net shares acquired since is used instead.
  4. G. Leonard Jr Baker reports a block also reported by Charles Schwab Investment Management Inc; it is counted once, under Charles Schwab Investment Management Inc.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 16, 2026Roberto Wandenkolk Vieiraofficer: President, Oncology−296$100.82
Sep 15, 2026James N. Wilsondirector−10,000$110.69
Sep 14, 2026Joseph Douglas Lyonofficer: See Remarks−10,000$113.49
Sep 1, 2026Sean Maduckofficer: See Remarks−25,000$114.43
Sep 2, 2026Roberto Wandenkolk Vieiraofficer: President, Oncology−58,333$110.76
View details

  • Teva (ADR)

    Generic mifepristone challenges Korlym in Cushing's syndrome

  • Xeris Biopharma

    Recorlev competes in medical treatment of hypercortisolism

  • Merck

    Keytruda regimen overlaps in platinum-resistant ovarian cancer

  • AbbVie

    Elahere overlaps in FRα-positive platinum-resistant ovarian cancer

Compare

CompanyPriceChange
Corcept Therapeutics$117.07+2.91%$12.30B270.929.314.8+31.7%
Teva (ADR)$39.24−2.05%$46.66B66.814.02.7−0.8%
Xeris Biopharma$8.76−0.47%$1.52B47.04.5+27.2%
Merck$151.59+1.39%$369.24B119.617.65.6+5.1%
AbbVie$265.35+0.33%$467.37B74.517.57.3+10.2%
Median74.517.55.0+7.6%