Neurocrine Biosciences — Jul 30, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000914475-26-000035
Showing in the filing
R&D development milestones expense
“approximately $25 million”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 16
INGREZZA® (valbenazine) 2026 Net Sales for FY2026
“$2.825 to $2.875 Billion”
IPR&D for FY2026
“$23”
INGREZZA Net Product Sales
“$2,700 - $2,800”
INGREZZA Net Product Sales for FY2026
“$2,825 - $2,875”
GAAP R&D
“$1,200 - $1,250”
GAAP R&D for FY2026
“$1,275 - $1,325”
Non-GAAP R&D
“$1,110 - $1,160”
Non-GAAP R&D for FY2026
“$1,140 - $1,190”
IPR&D
“$20”
GAAP SG&A
“$1,375 - $1,400”
GAAP SG&A for FY2026
“$1,575 - $1,600”
Non-GAAP SG&A
“$1,240 - $1,265”
Non-GAAP SG&A for FY2026
“$1,325 - $1,350”
GAAP Amortization of Acquired Intangible Ass…
“Not applicable”
GAAP Amortization of Acquired Intangible Ass… for FY2026
“$85 - $90”
R&D development milestones expense for FY2026
“approximately $25 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
INGREZZA sales guidance reflects expected net product sales of INGREZZA in tardive dyskinesia and chorea associated with Huntington’s disease. 2. R&D guidance reflects the continued advancement of the Company’s pre-clinical and clinical portfolio including the Phase 3 programs for osavampator in MDD and direclidine in schizophrenia, and includes approximately $25 million of expense for development milestones related to our in-licensed product candidates. Development milestones are included in R&D guidance once achieved or deemed probable to achieve. 3. Non-GAAP guidance has been adjusted to exclude estimated non-cash stock-based compensation expense of approximately $115 million in R&D and $170 million in SG&A, including approximately $58 million related to the acceleration of vesting of equity awards for Soleno employees which vested in full upon the closing of the transaction, and acquisition, integration and divestiture-related expenses of approximately $95 million. Non-cash stock-based compensation expense for performance-based equity awards is included in guidance once the predefined performance-based criteria for vesting is achieved or deemed probable to achieve. 4. IPR&D guidance represents completed collaboration and licensing arrangements. 5. SG&A guidance reflects expense for ongoing commercial initiatives, including the recent expansion of our sales teams in Q1 2026, supporting INGREZZA growth and the launch of CRENESSITY and VYKAT XR. 6. In connection with the acquisition of Soleno, the Company recorded approximately $2.2 billion of in
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.