Crinetics Pharmaceuticals, Inc. (CRNX) intrinsic value & 10-year financials

Crinetics Pharmaceuticals, Inc. (CRNX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 33.0% a year to $7.7M, with an average return on invested capital of -34.2%.

Graham intrinsic value
—
Revenue (FY2025)
$7.7M
Revenue growth (10-yr CAGR)
33.0%
ROIC (10-yr avg)
-34.2%
Free cash flow (FY2025)
-$383.7M

CRNX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $7.7M -$465.3M -$4.95 -$383.7M -6714.8% -50.7%
FY2024 $1.0M -$298.4M -$3.69 -$229.8M -32613.5% -41.4%
FY2023 $4.0M -$214.5M -$3.69 -$171.0M -5547.2% -54.5%
FY2022 $0 -$163.9M -$3.15 -$116.9M — -79.9%
FY2021 $0 -$107.6M -$2.80 -$89.0M — -100.6%
FY2020 $71.0K -$73.8M -$2.42 -$62.2M -105567.6% -92.8%
FY2019 $1.2M -$50.4M — -$46.9M -4512.3% -65.9%
FY2018 $2.4M -$27.1M — -$20.5M -1182.5% -39.5%
FY2017 $2.0M -$9.2M — -$9.8M -446.3% 86.0%
FY2016 $589.0K -$6.0M — -$5.7M -1026.1% 97.4%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Crinetics Pharmaceuticals, Inc. is a consistent compounder, expanding top-line revenue at 33.1% annually over the past decade.

Crinetics Pharmaceuticals, Inc. has historically struggled to out-earn its cost of capital, averaging just -69.4% ROIC.

Crinetics Pharmaceuticals, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Crinetics Pharmaceuticals, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-164.42 per share.

CRNX stock: frequently asked questions

What is the intrinsic value of Crinetics Pharmaceuticals, Inc. (CRNX) stock?

Graham's formula only works with positive earnings. Crinetics Pharmaceuticals, Inc. reported diluted EPS of -$4.95 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Crinetics Pharmaceuticals, Inc. grown?

Revenue went from $589.0K in fiscal 2016 to $7.7M in fiscal 2025, a compound annual growth rate of 33.0%. Net income was -$465.3M in fiscal 2025.

Does Crinetics Pharmaceuticals, Inc. generate free cash flow?

Crinetics Pharmaceuticals, Inc. generated -$383.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 10 reported years.

What is CRNX's return on invested capital?

Average ROIC over the last 10 fiscal years was -34.2%, and average return on equity was -15.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CRNX data come from?

From Crinetics Pharmaceuticals, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 3, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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