What is ACADIA Pharmaceuticals' operating income?

ACADIA Pharmaceuticals' total operating income in 2025 was $104.81 million, based on the following breakdown: Total Gross Profit: $982.51 million Total Operating Expenses: $877.70 million

ACADIA Pharmaceuticals (ACAD) Financials

$28.24 -0.14 (-0.49%)

Closing price 08/14/2026 04:00 PM Eastern

Extended Trading

$28.25 +0.01 (+0.04%)

As of 08/14/2026 07:34 PM Eastern

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Annual Income Statements for ACADIA Pharmaceuticals

This table shows ACADIA Pharmaceuticals' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-164	-271	-289	-245	-235	-282	-168	-216	-61	226	391
Consolidated Net Income / (Loss)	-164	-271	-289	-245	-235	-282	-168	-216	-61	226	391
Net Income / (Loss) Continuing Operations	-164	-271	-289	-245	-235	-282	-168	-216	-61	226	391
Total Pre-Tax Income	-164	-270	-288	-244	-234	-281	-168	-213	-51	258	139
Total Operating Income	-165	-273	-292	-247	-247	-287	-170	-224	-73	231	105
Total Gross Profit	0.06	14	116	211	328	432	465	507	685	876	983
Total Revenue	0.06	17	125	224	339	442	484	517	726	958	1,072
Operating Revenue	0.00	17	125	224	339	442	484	517	726	958	1,072
Total Cost of Revenue	0.00	3.08	9.08	12	11	10	19	10	42	82	89
Operating Cost of Revenue	-	3.08	9.08	12	11	10	19	10	42	82	89
Total Operating Expenses	165	287	408	459	574	718	635	731	758	645	878
Selling, General & Admin Expense	88	186	255	266	326	389	396	369	407	488	549
Research & Development Expense	74	99	149	187	240	319	239	362	352	303	329
Other Special Charges / (Income)	-	-	-	-	-	-	-	-	0.00	-147	0.00
Total Other Income / (Expense), net	0.50	2.76	4.13	3.51	12	5.61	2.92	10	22	27	34
Interest & Investment Income	0.50	2.76	4.13	5.35	11	6.61	0.59	6.61	17	25	32
Other Income / (Expense), net	-	0.00	0.00	-1.84	1.00	-1.00	2.33	3.54	5.11	1.82	2.37
Income Tax Expense	0.33	1.34	1.12	1.26	0.88	0.61	0.35	2.53	10	32	-252
Basic Earnings per Share	($1.63)	($2.34)	($2.36)	($1.94)	($1.60)	($1.79)	($1.05)	($1.34)	($0.37)	$1.37	$2.32
Weighted Average Basic Shares Outstanding	100.63M	115.86M	122.60M	126.58M	147.20M	157.33M	160.49M	161.68M	163.82M	165.72M	168.36M
Diluted Earnings per Share	($1.63)	($2.34)	($2.36)	($1.94)	($1.60)	($1.79)	($1.05)	($1.34)	($0.37)	$1.36	$2.30
Weighted Average Diluted Shares Outstanding	100.63M	115.86M	122.60M	126.58M	147.20M	157.33M	160.49M	161.68M	163.82M	166.36M	169.92M
Weighted Average Basic & Diluted Shares Outstanding	100.63M	115.86M	122.60M	126.58M	147.20M	157.33M	160.49M	162.23M	164.77M	166.79M	170.49M

This table shows ACADIA Pharmaceuticals' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	46	17	33	33	144	19	27	72	274	3.64	32
Consolidated Net Income / (Loss)	46	17	33	33	144	19	27	72	274	3.64	32
Net Income / (Loss) Continuing Operations	46	17	33	33	146	19	27	72	274	3.64	32
Total Pre-Tax Income	40	21	37	39	161	28	40	45	26	3.98	46
Total Operating Income	35	15	30	32	154	19	32	36	17	-4.62	38
Total Gross Profit	213	183	224	232	238	224	244	257	258	243	280
Total Revenue	231	206	242	250	260	244	265	279	284	268	308
Operating Revenue	231	206	242	250	260	244	265	279	284	268	308
Total Cost of Revenue	18	23	18	19	22	20	21	22	26	25	28
Operating Cost of Revenue	18	23	18	19	22	20	21	22	26	25	28
Total Operating Expenses	178	168	193	200	84	205	211	221	240	248	242
Selling, General & Admin Expense	111	108	117	133	130	126	134	133	156	171	160
Research & Development Expense	67	60	76	67	101	78	78	88	85	77	82
Total Other Income / (Expense), net	4.76	5.79	6.75	7.16	5.76	8.49	7.84	8.84	8.93	8.60	8.64
Interest & Investment Income	4.76	5.51	6.36	6.59	7.01	7.90	7.24	8.25	8.33	8.06	7.99
Other Income / (Expense), net	-	0.29	0.39	0.58	-	0.59	0.59	0.59	0.60	0.54	0.65
Income Tax Expense	-6.09	4.45	3.79	6.04	17	8.79	14	-27	-247	0.34	15
Basic Earnings per Share	$0.29	$0.10	$0.20	$0.20	$0.87	$0.11	$0.16	$0.43	$1.62	$0.02	$0.18
Weighted Average Basic Shares Outstanding	163.82M	164.80M	165.55M	165.97M	165.72M	166.81M	167.83M	168.84M	168.36M	170.52M	171.60M
Diluted Earnings per Share	$0.29	$0.10	$0.20	$0.20	$0.86	$0.11	$0.16	$0.42	$1.61	$0.02	$0.18
Weighted Average Diluted Shares Outstanding	163.82M	166.62M	166.17M	166.18M	166.36M	167.67M	168.68M	170.65M	169.92M	172.71M	172.85M
Weighted Average Basic & Diluted Shares Outstanding	164.77M	165.22M	165.88M	166.39M	166.79M	167.36M	168.71M	169.18M	170.49M	171.24M	172.31M

This table details how cash moves in and out of ACADIA Pharmaceuticals' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	40	63	-94	68	55	137	-179	-33	74	134	-143
Net Cash From Operating Activities	-122	-208	-218	-167	-151	-136	-126	-114	17	158	110
Net Cash From Continuing Operating Activities	-122	-208	-218	-167	-151	-136	-126	-114	17	158	110
Net Income / (Loss) Continuing Operations	-164	-271	-289	-245	-235	-282	-168	-216	-61	226	391
Consolidated Net Income / (Loss)	-164	-271	-289	-245	-235	-282	-168	-216	-61	226	391
Depreciation Expense	0.65	0.84	1.24	1.53	1.29	1.46	2.24	2.03	1.46	0.92	0.87
Amortization Expense	-2.06	1.07	1.19	0.90	-2.14	2.95	3.51	-2.74	-3.44	5.66	5.47
Non-Cash Adjustments To Reconcile Net Income	40	55	76	83	85	134	68	71	68	-72	61
Changes in Operating Assets and Liabilities, net	4.11	6.39	-6.31	-8.20	-0.17	6.76	-31	31	12	-3.35	-348
Net Cash From Investing Activities	148	-262	92	-71	-166	193	-71	73	32	-31	-303
Net Cash From Continuing Investing Activities	148	-262	92	-71	-166	193	-71	73	32	-31	-303
Purchase of Property, Plant & Equipment	-2.14	-1.51	-0.81	-2.10	-1.13	-7.59	-1.12	0.00	-0.05	-0.52	-4.69
Acquisitions	0.00	-8.00	-	-	-	-	0.00	0.00	-40	0.00	-99
Purchase of Investments	-269	-683	-479	-331	-579	-340	-493	-363	-370	-505	-693
Sale and/or Maturity of Investments	419	431	572	262	414	540	423	436	442	329	494
Other Investing Activities, net	-	-	-	-	-	-	-	0.00	0.00	147	0.00
Net Cash From Financing Activities	15	534	31	307	372	81	18	8.20	25	6.85	50
Net Cash From Continuing Financing Activities	15	534	31	307	372	81	18	8.20	25	6.85	50
Issuance of Common Equity	15	519	31	307	372	81	18	8.20	25	6.85	50
Effect of Exchange Rate Changes	0.01	0.00	-0.01	0.00	0.00	-0.01	0.01	0.01	-0.02	-0.09	0.03
Cash Income Taxes Paid	0.42	-0.37	1.37	1.26	1.60	1.11	1.04	2.19	5.85	20	25

This table details how cash moves in and out of ACADIA Pharmaceuticals' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	90	16	-28	-19	164	-102	37	4.36	-82	105	103
Net Cash From Operating Activities	85	29	25	63	40	20	64	74	-49	34	101
Net Cash From Continuing Operating Activities	85	29	25	63	40	20	64	74	-49	34	101
Net Income / (Loss) Continuing Operations	46	17	33	33	144	19	27	72	274	3.64	32
Consolidated Net Income / (Loss)	46	17	33	33	144	19	27	72	274	3.64	32
Depreciation Expense	0.27	0.24	0.23	0.23	0.23	0.23	0.21	0.23	0.20	0.27	0.43
Amortization Expense	-0.41	3.50	0.39	-0.40	2.17	0.61	1.19	1.62	2.05	2.27	2.67
Non-Cash Adjustments To Reconcile Net Income	19	17	18	28	-134	14	16	15	15	17	19
Changes in Operating Assets and Liabilities, net	21	-7.73	-27	3.02	28	-13	19	-15	-340	11	47
Net Cash From Investing Activities	-0.35	-14	-56	-82	122	-124	-43	-79	-56	66	-8.53
Net Cash From Continuing Investing Activities	-0.35	-14	-56	-82	122	-124	-43	-79	-56	66	-8.53
Purchase of Property, Plant & Equipment	-	0.00	-	-	-0.45	0.00	-0.30	-0.39	-4.01	-5.21	-5.09
Purchase of Investments	-104	-80	-138	-151	-136	-156	-174	-205	-158	-15	-93
Sale and/or Maturity of Investments	104	66	82	69	112	131	131	126	106	87	90
Net Cash From Financing Activities	5.43	1.04	3.57	0.27	1.97	1.84	16	9.42	23	4.23	10
Net Cash From Continuing Financing Activities	5.43	1.04	3.57	0.27	1.97	1.84	16	9.42	23	4.23	10
Issuance of Common Equity	5.43	1.04	3.57	0.27	1.97	1.84	16	9.42	23	4.23	10
Effect of Exchange Rate Changes	-0.01	0.01	0.00	-0.04	-0.06	-0.01	0.02	-	0.01	0.03	0.03

This table presents ACADIA Pharmaceuticals' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	222	561	385	540	783	783	700	588	749	1,188	1,564
Total Current Assets	219	548	373	526	760	718	618	508	616	938	1,062
Cash & Equivalents	102	164	69	135	190	326	147	115	189	320	178
Restricted Cash	0.38	2.38	-	4.83	4.79	5.77	-	-	5.77	8.77	7.85
Short-Term Investments	113	365	272	339	508	306	373	302	250	436	642
Note & Lease Receivable	1.64	1.24	1.09	1.70	2.09	2.04	0.98	0.89	4.08	5.96	27
Accounts Receivable	0.00	5.90	17	26	36	48	64	62	98	99	121
Inventories, net	0.00	4.18	5.25	4.07	6.34	9.68	7.88	6.64	36	22	35
Prepaid Expenses	2.22	7.55	8.46	21	19	26	24	21	39	56	60
Plant, Property, & Equipment, net	2.20	3.08	2.66	3.31	3.18	9.16	8.05	6.02	4.61	4.22	7.51
Total Noncurrent Assets	0.33	7.80	8.37	5.96	15	50	74	74	122	236	487
Intangible Assets	0.00	7.02	5.54	4.06	2.59	1.11	0.00	0.00	65	120	109
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	0.00	250
Other Noncurrent Operating Assets	0.33	0.79	2.83	1.90	12	49	74	74	57	117	128
Total Liabilities & Shareholders' Equity	222	561	385	540	783	783	700	588	749	1,188	1,564
Total Liabilities	22	43	49	61	84	156	159	187	317	455	337
Total Current Liabilities	22	43	49	60	75	106	96	126	254	395	277
Accounts Payable	1.67	3.91	8.79	3.17	7.22	8.49	6.88	13	18	16	11
Accrued Expenses	20	36	40	56	68	97	89	113	237	379	266
Total Noncurrent Liabilities	0.23	0.16	0.19	1.56	9.22	50	63	62	63	60	60
Capital Lease Obligations	-	-	-	0.00	6.36	44	-	-	48	42	41
Other Noncurrent Operating Liabilities	-	-	-	1.56	2.86	5.18	63	62	15	18	19
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	200	518	335	479	699	627	541	400	432	733	1,227
Total Preferred & Common Equity	200	518	335	479	699	627	541	400	432	733	1,227
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	200	518	335	479	699	627	541	400	432	733	1,227
Common Stock	862	1,452	1,559	1,948	2,403	2,613	2,695	2,771	2,863	2,937	3,039
Retained Earnings	-663	-934	-1,224	-1,469	-1,704	-1,986	-2,154	-2,370	-2,431	-2,204	-1,813
Accumulated Other Comprehensive Income / (Loss)	0.01	0.11	-0.40	-0.37	0.30	0.04	-0.19	-0.98	0.02	0.29	1.45

This table presents ACADIA Pharmaceuticals' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	655	643	633	855	914	977	1,132	1,226	1,331	1,605	1,743
Total Current Assets	503	493	499	675	729	788	871	961	1,076	1,096	1,225
Cash & Equivalents	291	108	98	205	177	155	218	254	258	282	385
Restricted Cash	-	-	-	5.77	5.77	-	-	9.47	9.47	7.85	7.85
Short-Term Investments	112	267	248	266	324	410	464	508	589	569	571
Note & Lease Receivable	4.34	2.30	1.73	5.38	6.70	12	7.97	12	24	13	16
Accounts Receivable	66	82	93	95	104	98	106	108	116	135	151
Inventories, net	6.10	9.20	21	62	72	61	23	26	29	32	32
Prepaid Expenses	24	24	38	43	46	52	53	53	61	65	69
Plant, Property, & Equipment, net	5.60	5.19	4.88	4.37	4.14	3.99	3.50	3.55	3.71	15	17
Total Noncurrent Assets	147	145	128	170	175	185	258	252	241	487	493
Intangible Assets	70	68	67	110	108	106	117	114	112	106	103
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	250	241
Other Noncurrent Operating Assets	77	77	62	59	67	79	141	138	130	131	149
Total Liabilities & Shareholders' Equity	655	643	633	855	914	977	1,132	1,226	1,331	1,605	1,743
Total Liabilities	281	247	270	391	397	400	367	403	413	357	436
Total Current Liabilities	224	188	210	331	338	344	303	330	357	306	361
Accounts Payable	17	19	12	19	20	19	18	20	22	12	45
Accrued Expenses	207	169	197	311	318	325	284	310	335	293	317
Total Noncurrent Liabilities	57	59	61	60	60	56	65	73	57	52	75
Capital Lease Obligations	-	-	-	49	47	-	-	45	43	39	60
Other Noncurrent Operating Liabilities	57	59	61	11	12	56	65	29	14	13	15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	374	396	362	464	517	577	765	822	917	1,248	1,307
Total Preferred & Common Equity	374	396	362	464	517	577	765	822	917	1,248	1,307
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	374	396	362	464	517	577	765	822	917	1,248	1,307
Common Stock	2,787	2,808	2,839	2,879	2,898	2,924	2,950	2,981	3,003	3,058	3,086
Retained Earnings	-2,413	-2,411	-2,477	-2,414	-2,381	-2,348	-2,185	-2,159	-2,087	-1,810	-1,778
Accumulated Other Comprehensive Income / (Loss)	-0.22	-0.54	-0.32	-0.23	-0.34	0.86	0.44	0.41	0.99	-0.56	-0.96

This table displays calculated financial ratios and metrics derived from ACADIA Pharmaceuticals' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-49.17%	28,311.48%	620.68%	79.19%	51.50%	30.28%	9.60%	6.83%	40.45%	31.85%	11.87%
EBITDA Growth	-79.41%	-63.17%	-7.05%	14.87%	0.19%	-14.93%	42.66%	-35.97%	68.18%	437.89%	-52.54%
EBIT Growth	-76.57%	-65.73%	-7.18%	14.75%	1.50%	-17.12%	41.54%	-30.90%	68.98%	438.06%	-53.92%
NOPAT Growth	-76.57%	-65.73%	-7.18%	15.38%	0.36%	-16.24%	40.53%	-31.19%	67.18%	494.26%	45.69%
Net Income Growth	-77.82%	-65.04%	-6.64%	15.28%	4.05%	-19.69%	40.38%	-28.66%	71.62%	469.50%	72.66%
EPS Growth	-71.58%	-43.56%	-0.85%	17.80%	17.53%	-11.88%	41.34%	-27.62%	72.39%	467.57%	69.12%
Operating Cash Flow Growth	-83.33%	-71.11%	-4.49%	23.09%	9.76%	9.90%	7.72%	9.25%	114.65%	844.31%	-30.36%
Free Cash Flow Firm Growth	-100.85%	-72.01%	-9.31%	15.05%	2.60%	-31.94%	54.23%	-13.39%	14.36%	321.40%	-159.51%
Invested Capital Growth	-20.61%	17.21%	54.33%	112.50%	347.48%	928.69%	-40.17%	-181.29%	312.80%	-71.17%	4,274.82%
Revenue Q/Q Growth	-32.97%	221.78%	33.87%	7.70%	12.90%	5.41%	2.06%	1.12%	14.96%	3.07%	2.33%
EBITDA Q/Q Growth	-11.59%	-13.42%	2.75%	0.39%	4.40%	-3.79%	12.80%	-2.11%	53.53%	101.98%	-54.12%
EBIT Q/Q Growth	-11.52%	-13.60%	2.73%	0.36%	4.61%	-4.26%	12.56%	-0.81%	53.79%	103.37%	-55.51%
NOPAT Q/Q Growth	-11.52%	-13.60%	2.73%	1.09%	4.23%	-3.90%	11.66%	-0.63%	52.47%	91.93%	28.32%
Net Income Q/Q Growth	-11.85%	-13.80%	3.28%	1.36%	5.03%	-5.12%	12.36%	0.63%	58.82%	76.22%	49.71%
EPS Q/Q Growth	-10.88%	-9.35%	3.67%	3.48%	8.57%	-4.07%	11.76%	0.74%	59.78%	72.15%	48.39%
Operating Cash Flow Q/Q Growth	-16.13%	-14.55%	12.57%	-5.80%	5.84%	1.60%	3.36%	-0.65%	118.05%	-22.20%	-44.79%
Free Cash Flow Firm Q/Q Growth	-15.46%	-15.12%	8.73%	-1.49%	0.90%	2.11%	35.37%	-81.51%	24.05%	106.85%	-198.08%
Invested Capital Q/Q Growth	-18.37%	1.20%	-169.25%	-93.03%	-53.37%	-32.52%	-74.31%	-50.65%	114.84%	-15.05%	324.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	82.26%	92.73%	94.47%	96.65%	97.69%	96.05%	98.03%	94.27%	91.46%	91.69%
EBITDA Margin	-272,172.13%	-1,563.08%	-232.17%	-110.30%	-72.67%	-64.10%	-33.54%	-42.68%	-9.67%	24.78%	10.59%
Operating Margin	-269,855.74%	-1,574.14%	-234.11%	-110.56%	-72.71%	-64.87%	-35.20%	-43.23%	-10.10%	24.10%	9.78%
EBIT Margin	-269,855.74%	-1,574.14%	-234.11%	-111.38%	-72.42%	-65.10%	-34.72%	-42.54%	-9.40%	24.10%	10.00%
Profit (Net Income) Margin	-269,578.69%	-1,565.94%	-231.71%	-109.56%	-69.38%	-63.74%	-34.67%	-41.76%	-8.44%	23.64%	36.49%
Tax Burden Percent	100.20%	100.50%	100.39%	100.51%	100.37%	100.22%	100.21%	101.19%	120.08%	87.75%	281.49%
Interest Burden Percent	99.70%	98.99%	98.59%	97.85%	95.45%	97.70%	99.65%	97.00%	74.76%	111.82%	129.60%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.25%	-181.49%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	-8,601.12%	-1,083.76%	-442.46%	-8,285.72%	-555.00%	900.32%	130.99%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	-8,590.45%	-1,071.20%	-433.74%	-8,273.03%	-552.56%	896.04%	118.27%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	8,561.19%	1,041.30%	413.71%	8,239.83%	540.27%	-861.43%	-91.09%
Return on Equity (ROE)	-64.58%	-75.58%	-67.80%	-60.22%	-39.93%	-42.47%	-28.75%	-45.89%	-14.73%	38.89%	39.89%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	-24,530.67%	-8,728.06%	-1,248.33%	-392.20%	0.00%	-294.09%	1,010.81%	-60.08%
Operating Return on Assets (OROA)	-60.15%	-69.68%	-61.84%	-53.92%	-37.11%	-36.73%	-22.68%	-34.17%	-10.21%	23.83%	7.79%
Return on Assets (ROA)	-60.09%	-69.32%	-61.21%	-53.03%	-35.55%	-35.97%	-22.64%	-33.54%	-9.17%	23.39%	28.42%
Return on Common Equity (ROCE)	-64.58%	-75.58%	-67.80%	-60.22%	-39.93%	-42.47%	-28.75%	-45.89%	-14.73%	38.89%	39.89%
Return on Equity Simple (ROE_SIMPLE)	-82.32%	-52.35%	-86.32%	-51.18%	-33.65%	-44.91%	-31.04%	-53.94%	-14.19%	30.90%	0.00%
Net Operating Profit after Tax (NOPAT)	-115	-191	-205	-173	-173	-201	-119	-157	-51	203	295
NOPAT Margin	-188,899.02%	-1,101.90%	-163.88%	-77.39%	-50.90%	-45.41%	-24.64%	-30.26%	-7.07%	21.14%	27.53%
Net Nonoperating Expense Percent (NNEP)	-18.31%	-21.55%	-19.42%	-17.57%	-10.68%	-12.56%	-8.72%	-12.68%	-2.44%	4.28%	12.71%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-39.09%	-10.71%	26.14%	23.27%
Cost of Revenue to Revenue	0.00%	17.74%	7.27%	5.53%	3.35%	2.31%	3.95%	1.97%	5.73%	8.54%	8.31%
SG&A Expenses to Revenue	144,760.66%	1,075.85%	204.21%	118.74%	96.04%	87.98%	81.80%	71.36%	55.97%	50.99%	51.23%
R&D to Revenue	121,096.72%	572.87%	119.45%	83.63%	70.89%	72.24%	49.45%	69.91%	48.40%	31.66%	30.69%
Operating Expenses to Revenue	269,955.74%	1,656.40%	326.85%	205.03%	169.37%	162.56%	131.25%	141.26%	104.37%	67.36%	81.91%
Earnings before Interest and Taxes (EBIT)	-165	-273	-292	-249	-246	-288	-168	-220	-68	231	107
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-166	-271	-290	-247	-246	-283	-162	-221	-70	237	114
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	18.01	6.74	11.15	4.22	9.42	13.55	6.94	6.44	11.91	4.17	3.68
Price to Tangible Book Value (P/TBV)	18.01	6.83	11.34	4.26	9.46	13.58	6.94	6.44	14.03	4.98	4.04
Price to Revenue (P/Rev)	58,975.40	201.54	29.94	9.04	19.43	19.24	7.75	4.98	7.08	3.19	4.22
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.48	11.56
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.42%	8.65%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	2,106.56	1,796.75	234.31	160.06	0.00	135.84	231.51	8.47
Enterprise Value to Revenue (EV/Rev)	55,442.50	170.88	27.21	6.90	17.38	17.90	6.67	4.18	6.53	2.43	3.48
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.82	32.87
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.10	34.82
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11.51	12.65
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	284.02	14.78	33.98
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.25	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.01	0.07	0.00	0.00	0.11	0.06	0.03
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.01	0.07	0.00	0.00	0.11	0.06	0.03
Financial Leverage	-1.06	-1.04	-1.02	-1.01	-1.00	-0.97	-0.95	-1.00	-0.98	-0.96	-0.77
Leverage Ratio	1.07	1.09	1.11	1.14	1.12	1.18	1.27	1.37	1.61	1.66	1.40
Compound Leverage Factor	1.07	1.08	1.09	1.11	1.07	1.15	1.27	1.33	1.20	1.86	1.82
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.90%	6.62%	0.00%	0.00%	9.97%	5.43%	3.20%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.90%	6.62%	0.00%	0.00%	9.97%	5.43%	3.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	99.10%	93.38%	100.00%	100.00%	90.03%	94.57%	96.80%
Debt to EBITDA	0.00	0.00	0.00	0.00	-0.03	-0.16	0.00	0.00	-0.68	0.18	0.36
Net Debt to EBITDA	0.00	0.00	0.00	0.00	2.82	2.10	0.00	0.00	5.65	-3.04	-6.93
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	-0.03	-0.16	0.00	0.00	-0.68	0.18	0.36
Debt to NOPAT	0.00	0.00	0.00	0.00	-0.04	-0.22	0.00	0.00	-0.93	0.21	0.14
Net Debt to NOPAT	0.00	0.00	0.00	0.00	4.03	2.96	0.00	0.00	7.73	-3.57	-2.67
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	-0.04	-0.22	0.00	0.00	-0.93	0.21	0.14
Altman Z-Score	91.96	46.21	39.96	15.97	44.44	29.51	10.63	3.04	6.43	3.43	7.94
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	10.00	12.87	7.62	8.83	10.16	6.77	6.43	4.04	2.42	2.38	3.83
Quick Ratio	9.90	12.59	7.34	8.42	9.83	6.44	6.10	3.82	2.13	2.18	3.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-113	-194	-212	-180	-175	-231	-106	-120	-103	227	-135
Operating Cash Flow to CapEx	-5,688.70%	-13,838.51%	-26,817.36%	-7,959.60%	-13,386.18%	-1,794.73%	-11,199.64%	0.00%	33,404.00%	30,156.60%	2,341.92%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.04	0.26	0.48	0.51	0.56	0.65	0.80	1.09	0.99	0.78
Accounts Receivable Turnover	0.00	0.00	10.75	10.31	10.96	10.51	8.60	8.17	9.05	9.72	9.73
Inventory Turnover	0.00	0.00	1.93	2.66	2.18	1.27	2.18	1.40	1.96	2.83	3.14
Fixed Asset Turnover	0.04	6.56	43.50	74.96	104.51	71.59	56.27	73.53	136.64	217.02	182.76
Accounts Payable Turnover	0.00	1.10	1.43	2.07	2.18	1.30	2.49	1.04	2.75	4.85	6.57
Days Sales Outstanding (DSO)	0.00	0.00	33.97	35.42	33.30	34.71	42.45	44.66	40.31	37.54	37.50
Days Inventory Outstanding (DIO)	0.00	0.00	189.46	137.39	167.49	286.38	167.45	260.61	186.08	128.82	116.10
Days Payable Outstanding (DPO)	0.00	331.41	255.30	176.25	167.14	280.87	146.54	352.25	132.76	75.23	55.56
Cash Conversion Cycle (CCC)	0.00	-331.41	-31.88	-3.44	33.65	40.22	63.37	-46.99	93.64	91.13	98.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-16	-13	-5.87	0.73	3.28	34	20	-16	35	10	440
Invested Capital Turnover	0.00	-1.22	-13.35	-87.20	168.99	23.87	17.95	273.81	78.49	42.58	4.76
Increase / (Decrease) in Invested Capital	-2.65	2.67	6.98	6.60	2.55	30	-14	-37	51	-25	430
Enterprise Value (EV)	3,382	2,962	3,398	1,544	5,893	7,906	3,231	2,161	4,744	2,331	3,732
Market Capitalization	3,597	3,493	3,740	2,022	6,589	8,499	3,752	2,578	5,140	3,053	4,519
Book Value per Share	$1.98	$4.28	$2.70	$3.83	$4.54	$3.94	$3.36	$2.47	$2.63	$4.40	$7.25
Tangible Book Value per Share	$1.98	$4.22	$2.65	$3.80	$4.52	$3.94	$3.36	$2.47	$2.23	$3.68	$6.61
Total Capital	200	518	335	479	705	671	541	400	480	775	1,268
Total Debt	0.00	0.00	0.00	0.00	6.36	44	0.00	0.00	48	42	41
Total Long-Term Debt	0.00	0.00	0.00	0.00	6.36	44	0.00	0.00	48	42	41
Net Debt	-216	-531	-341	-478	-696	-593	-521	-417	-397	-723	-787
Capital Expenditures (CapEx)	2.14	1.51	0.81	2.10	1.13	7.59	1.12	0.00	0.05	0.52	4.69
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-18	-26	-17	-12	-17	-26	1.05	-35	-83	-221	-43
Debt-free Net Working Capital (DFNWC)	197	505	324	467	685	612	522	382	362	543	785
Net Working Capital (NWC)	197	505	324	467	685	612	522	382	362	543	785
Net Nonoperating Expense (NNE)	49	80	85	72	63	81	49	59	9.92	-24	-96
Net Nonoperating Obligations (NNO)	-215	-531	-341	-478	-696	-593	-521	-417	-397	-723	-787
Total Depreciation and Amortization (D&A)	-1.41	1.92	2.42	2.43	-0.85	4.40	5.75	-0.71	-1.98	6.58	6.34
Debt-free, Cash-free Net Working Capital to Revenue	-30,196.72%	-150.59%	-13.53%	-5.27%	-4.95%	-5.90%	0.22%	-6.67%	-11.39%	-23.11%	-3.97%
Debt-free Net Working Capital to Revenue	323,093.44%	2,915.65%	259.76%	208.46%	202.14%	138.46%	107.77%	73.91%	49.81%	56.74%	73.26%
Net Working Capital to Revenue	323,093.44%	2,915.65%	259.76%	208.46%	202.14%	138.46%	107.77%	73.91%	49.81%	56.74%	73.26%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.63)	($2.34)	($2.36)	($1.94)	($1.60)	($1.79)	($1.05)	($1.34)	($0.37)	$1.37	$2.32
Adjusted Weighted Average Basic Shares Outstanding	112.64M	121.41M	124.70M	143.88M	155.34M	160.05M	161.20M	161.68M	163.82M	165.72M	168.36M
Adjusted Diluted Earnings per Share	($1.63)	($2.34)	($2.36)	($1.94)	($1.60)	($1.79)	($1.05)	($1.34)	($0.37)	$1.36	$2.30
Adjusted Weighted Average Diluted Shares Outstanding	112.64M	121.41M	124.70M	143.88M	155.34M	160.05M	161.20M	161.68M	163.82M	166.36M	169.92M
Adjusted Basic & Diluted Earnings per Share	($1.63)	($2.34)	($2.36)	($1.94)	($1.60)	($1.79)	($1.05)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	100.63M	115.86M	122.60M	126.58M	147.20M	157.33M	160.49M	162.23M	164.77M	166.79M	170.49M
Normalized Net Operating Profit after Tax (NOPAT)	-115	-191	-205	-173	-173	-201	-119	-157	-51	74	73
Normalized NOPAT Margin	-188,899.02%	-1,101.90%	-163.88%	-77.39%	-50.90%	-45.41%	-24.64%	-30.26%	-7.07%	7.72%	6.85%
Pre Tax Income Margin	-269,037.70%	-1,558.20%	-230.81%	-108.99%	-69.12%	-63.60%	-34.60%	-41.27%	-7.03%	26.94%	12.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from ACADIA Pharmaceuticals' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	170,494,613.00	171,235,870.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	170,494,613.00	171,235,870.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.02	0.18
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	69.27%	73.75%	46.44%	18.28%	12.36%	18.70%	9.34%	11.27%	9.39%	9.72%	16.40%
EBITDA Growth	175.45%	138.03%	1,420.31%	156.67%	347.96%	7.67%	9.31%	19.21%	-87.06%	-107.41%	21.02%
EBIT Growth	178.49%	131.79%	1,619.07%	157.26%	339.28%	28.28%	6.96%	12.82%	-88.33%	-120.50%	16.73%
NOPAT Growth	225.01%	131.96%	5,024.33%	166.06%	239.83%	9.97%	-21.45%	115.41%	31.97%	-131.98%	19.46%
Net Income Growth	209.76%	138.48%	2,897.22%	150.27%	213.87%	14.69%	-20.14%	119.07%	90.32%	-80.84%	18.13%
EPS Growth	211.54%	137.04%	1,900.00%	150.00%	196.55%	10.00%	-20.00%	110.00%	87.21%	-81.82%	12.50%
Operating Cash Flow Growth	457.97%	262.15%	205.00%	207.28%	-52.71%	-30.11%	155.69%	17.46%	-220.68%	67.20%	57.58%
Free Cash Flow Firm Growth	-353.16%	-431.76%	55.92%	146.05%	1,568.18%	37.40%	-78.99%	-210.55%	-254.22%	-938.77%	-1,563.44%
Invested Capital Growth	312.80%	229.10%	180.06%	-27.09%	-71.17%	126.46%	67.06%	776.02%	4,274.82%	411.31%	320.70%
Revenue Q/Q Growth	9.14%	-10.91%	17.55%	3.49%	3.67%	-5.89%	8.29%	5.32%	1.92%	-5.61%	14.88%
EBITDA Q/Q Growth	161.55%	-44.72%	63.43%	1.92%	386.53%	-86.71%	65.92%	11.14%	-47.01%	-107.58%	2,811.21%
EBIT Q/Q Growth	162.10%	-55.65%	98.91%	4.53%	376.42%	-87.05%	65.85%	10.26%	-50.52%	-122.65%	1,044.60%
NOPAT Q/Q Growth	199.66%	-70.26%	127.97%	-2.25%	412.68%	-90.37%	62.83%	168.07%	214.09%	-102.33%	708.13%
Net Income Q/Q Growth	170.27%	-63.85%	101.69%	-1.87%	338.71%	-86.79%	40.44%	169.18%	281.13%	-98.67%	766.10%
EPS Q/Q Growth	172.50%	-65.52%	100.00%	0.00%	330.00%	-87.21%	45.45%	162.50%	283.33%	-98.76%	800.00%
Operating Cash Flow Q/Q Growth	244.84%	-65.95%	-13.98%	152.85%	-36.15%	-49.67%	214.70%	16.15%	-165.60%	169.73%	196.58%
Free Cash Flow Firm Q/Q Growth	83.69%	-386.00%	82.40%	430.14%	419.98%	-120.72%	49.68%	-103.91%	-625.39%	-39.56%	19.42%
Invested Capital Q/Q Growth	114.84%	5.79%	54.76%	-79.27%	-15.05%	731.03%	14.17%	8.68%	324.26%	-2.87%	-6.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	92.26%	88.85%	92.47%	92.47%	91.60%	91.65%	92.16%	92.23%	90.77%	90.75%	90.81%
EBITDA Margin	15.06%	9.35%	12.99%	12.80%	60.05%	8.48%	12.99%	13.71%	7.13%	-0.57%	13.51%
Operating Margin	15.12%	7.39%	12.58%	12.64%	59.13%	7.90%	12.24%	12.83%	6.12%	-1.72%	12.29%
EBIT Margin	15.12%	7.53%	12.74%	12.87%	59.13%	8.14%	12.46%	13.05%	6.33%	-1.52%	12.50%
Profit (Net Income) Margin	19.82%	8.04%	13.80%	13.09%	55.37%	7.77%	10.08%	25.76%	96.33%	1.36%	10.23%
Tax Burden Percent	115.35%	78.83%	89.80%	84.43%	89.23%	68.35%	66.32%	160.96%	1,039.43%	91.36%	67.78%
Interest Burden Percent	113.62%	135.53%	120.63%	120.44%	104.94%	139.75%	121.97%	122.69%	146.32%	-97.72%	120.76%
Effective Tax Rate	-15.35%	21.17%	10.20%	15.57%	10.77%	31.65%	33.68%	-60.96%	-939.43%	8.64%	32.22%
Return on Invested Capital (ROIC)	1,369.36%	1,138.41%	259.30%	705.59%	2,246.75%	89.16%	108.30%	374.01%	302.81%	-6.74%	38.13%
ROIC Less NNEP Spread (ROIC-NNEP)	1,368.01%	1,137.31%	257.85%	704.27%	2,245.54%	88.11%	107.42%	371.94%	290.51%	-7.78%	37.41%
Return on Net Nonoperating Assets (RNNOA)	-1,337.59%	-1,126.01%	-235.93%	-683.20%	-2,158.79%	-79.47%	-95.17%	-343.16%	-223.75%	5.81%	-28.67%
Return on Equity (ROE)	31.78%	12.40%	23.38%	22.40%	87.95%	9.69%	13.13%	30.85%	79.06%	-0.93%	9.46%
Cash Return on Invested Capital (CROIC)	-294.09%	-176.03%	-55.46%	782.22%	1,010.81%	259.13%	207.02%	238.57%	-60.08%	-31.31%	-14.30%
Operating Return on Assets (OROA)	16.44%	8.11%	14.57%	14.86%	58.49%	8.16%	11.87%	11.84%	4.93%	-1.22%	9.59%
Return on Assets (ROA)	21.54%	8.67%	15.79%	15.11%	54.77%	7.79%	9.60%	23.38%	75.01%	1.09%	7.85%
Return on Common Equity (ROCE)	31.78%	12.40%	23.38%	22.40%	87.95%	9.69%	13.13%	30.85%	79.06%	-0.93%	9.46%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-0.37%	5.92%	22.26%	0.00%	29.91%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	40	12	27	27	137	13	21	58	181	-4.22	26
NOPAT Margin	17.45%	5.82%	11.30%	10.67%	52.76%	5.40%	8.11%	20.66%	63.65%	-1.57%	8.33%
Net Nonoperating Expense Percent (NNEP)	1.35%	1.10%	1.45%	1.33%	1.21%	1.05%	0.88%	2.06%	12.29%	1.05%	0.72%
Return On Investment Capital (ROIC_SIMPLE)	8.41%	-	-	-	17.68%	1.72%	2.48%	5.99%	14.26%	-0.33%	1.88%
Cost of Revenue to Revenue	7.74%	11.15%	7.53%	7.53%	8.40%	8.35%	7.84%	7.77%	9.23%	9.25%	9.19%
SG&A Expenses to Revenue	48.25%	52.47%	48.38%	53.23%	50.11%	51.72%	50.46%	47.88%	54.80%	63.80%	52.04%
R&D to Revenue	28.89%	28.99%	31.51%	26.60%	38.80%	32.03%	29.46%	31.52%	29.85%	28.68%	26.48%
Operating Expenses to Revenue	77.13%	81.46%	79.89%	79.83%	32.47%	83.76%	79.93%	79.40%	84.64%	92.47%	78.52%
Earnings before Interest and Taxes (EBIT)	35	15	31	32	154	20	33	36	18	-4.07	38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	35	19	31	32	156	21	34	38	20	-1.53	42
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	11.91	6.54	5.20	4.42	4.17	3.62	4.39	3.93	3.68	3.04	3.32
Price to Tangible Book Value (P/TBV)	14.03	8.58	6.57	5.41	4.98	4.27	5.10	4.47	4.04	3.32	3.60
Price to Revenue (P/Rev)	7.08	3.73	3.01	2.75	3.19	2.78	3.54	3.44	4.22	3.47	3.80
Price to Earnings (P/E)	0.00	0.00	87.84	19.85	13.48	12.10	16.25	13.79	11.56	10.10	11.39
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	1.14%	5.04%	7.42%	8.26%	6.15%	7.25%	8.65%	9.90%	8.78%
Enterprise Value to Invested Capital (EV/IC)	135.84	70.61	38.92	167.58	231.51	24.97	30.18	26.85	8.47	6.95	8.53
Enterprise Value to Revenue (EV/Rev)	6.53	3.21	2.50	2.14	2.43	2.10	2.83	2.66	3.48	2.72	3.01
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	76.90	16.90	9.82	8.76	11.95	11.26	32.87	32.59	34.80
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	89.03	17.50	10.10	8.89	12.17	11.57	34.82	35.74	38.62
Enterprise Value to NOPAT (EV/NOPAT)	0.00	4,959.10	145.98	18.82	11.51	10.29	14.68	12.12	12.65	11.27	12.66
Enterprise Value to Operating Cash Flow (EV/OCF)	284.02	40.94	27.63	9.80	14.78	14.02	15.34	14.01	33.98	24.09	21.38
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	18.07	10.25	13.37	18.24	20.20	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.11	0.11	0.09	0.00	0.06	0.00	0.05	0.05	0.03	0.03	0.05
Long-Term Debt to Equity	0.11	0.11	0.09	0.00	0.06	0.00	0.05	0.05	0.03	0.03	0.05
Financial Leverage	-0.98	-0.99	-0.92	-0.97	-0.96	-0.90	-0.89	-0.92	-0.77	-0.75	-0.77
Leverage Ratio	1.61	1.80	1.71	1.71	1.66	1.62	1.60	1.54	1.40	1.36	1.39
Compound Leverage Factor	1.83	2.44	2.06	2.06	1.75	2.26	1.95	1.89	2.05	-1.33	1.68
Debt to Total Capital	9.97%	9.58%	8.37%	0.00%	5.43%	0.00%	5.14%	4.48%	3.20%	3.03%	4.36%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	9.97%	9.58%	8.37%	0.00%	5.43%	0.00%	5.14%	4.48%	3.20%	3.03%	4.36%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	90.03%	90.42%	91.63%	100.00%	94.57%	100.00%	94.86%	95.52%	96.80%	96.97%	95.64%
Debt to EBITDA	-0.68	-113.60	1.63	0.00	0.18	0.00	0.18	0.17	0.36	0.43	0.60
Net Debt to EBITDA	5.65	986.38	-15.88	0.00	-3.04	0.00	-3.01	-3.29	-6.93	-8.99	-9.19
Long-Term Debt to EBITDA	-0.68	-113.60	1.63	0.00	0.18	0.00	0.18	0.17	0.36	0.43	0.60
Debt to NOPAT	-0.93	93.51	3.10	0.00	0.21	0.00	0.23	0.19	0.14	0.15	0.22
Net Debt to NOPAT	7.73	-811.95	-30.14	0.00	-3.57	0.00	-3.70	-3.54	-2.67	-3.11	-3.34
Long-Term Debt to NOPAT	-0.93	93.51	3.10	0.00	0.21	0.00	0.23	0.19	0.14	0.15	0.22
Altman Z-Score	6.88	2.20	2.01	2.07	3.21	3.37	4.44	4.55	7.75	6.06	5.85
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.42	2.04	2.16	2.29	2.38	2.88	2.91	3.02	3.83	3.59	3.39
Quick Ratio	2.13	1.73	1.81	1.96	2.18	2.63	2.67	2.77	3.49	3.27	3.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-11	-54	-9.43	31	162	-34	-17	-34	-250	-348	-281
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	8,914.13%	0.00%	21,534.01%	19,146.39%	-1,216.75%	651.98%	1,980.37%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.09	1.08	1.14	1.15	0.99	1.00	0.95	0.91	0.78	0.80	0.77
Accounts Receivable Turnover	9.05	10.13	9.60	9.73	9.72	9.94	9.65	9.78	9.73	9.09	8.82
Inventory Turnover	1.96	1.85	1.83	1.91	2.83	1.87	1.68	1.88	3.14	3.43	3.45
Fixed Asset Turnover	136.64	163.33	190.75	209.48	217.02	253.25	264.96	272.12	182.76	120.69	110.26
Accounts Payable Turnover	2.75	3.42	3.81	4.97	4.85	4.24	4.09	4.14	6.57	6.16	3.12
Days Sales Outstanding (DSO)	40.31	36.02	38.03	37.51	37.54	36.72	37.83	37.31	37.50	40.17	41.38
Days Inventory Outstanding (DIO)	186.08	197.32	199.91	191.59	128.82	195.40	217.90	194.50	116.10	106.54	105.72
Days Payable Outstanding (DPO)	132.76	106.60	95.82	73.51	75.23	86.15	89.21	88.10	55.56	59.29	116.87
Cash Conversion Cycle (CCC)	93.64	126.74	142.11	155.59	91.13	145.96	166.52	143.71	98.05	87.42	30.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	35	37	57	12	10	84	96	104	440	428	402
Invested Capital Turnover	78.49	195.44	22.96	66.13	42.58	16.52	13.35	18.11	4.76	4.28	4.58
Increase / (Decrease) in Invested Capital	51	66	37	-4.40	-25	47	38	92	430	344	306
Enterprise Value (EV)	4,744	2,609	2,225	1,986	2,331	2,089	2,883	2,787	3,732	2,975	3,427
Market Capitalization	5,140	3,036	2,685	2,551	3,053	2,770	3,610	3,600	4,519	3,795	4,332
Book Value per Share	$2.63	$2.82	$3.13	$3.48	$4.40	$4.59	$4.91	$5.44	$7.25	$7.32	$7.63
Tangible Book Value per Share	$2.23	$2.15	$2.47	$2.84	$3.68	$3.89	$4.23	$4.78	$6.61	$6.70	$7.03
Total Capital	480	513	564	577	775	765	867	960	1,268	1,287	1,366
Total Debt	48	49	47	0.00	42	0.00	45	43	41	39	60
Total Long-Term Debt	48	49	47	0.00	42	0.00	45	43	41	39	60
Net Debt	-397	-427	-460	-565	-723	-682	-727	-813	-787	-820	-905
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.45	0.00	0.30	0.39	4.01	5.21	5.09
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-83	-132	-116	-121	-221	-113	-141	-137	-43	-69	-101
Debt-free Net Working Capital (DFNWC)	362	345	391	444	543	568	631	720	785	790	863
Net Working Capital (NWC)	362	345	391	444	543	568	631	720	785	790	863
Net Nonoperating Expense (NNE)	-5.49	-4.57	-6.06	-6.05	-6.77	-5.80	-5.20	-14	-93	-7.85	-5.85
Net Nonoperating Obligations (NNO)	-397	-427	-460	-565	-723	-682	-727	-813	-787	-820	-905
Total Depreciation and Amortization (D&A)	-0.14	3.74	0.62	-0.18	2.40	0.84	1.40	1.85	2.25	2.54	3.11
Debt-free, Cash-free Net Working Capital to Revenue	-11.39%	-16.17%	-12.99%	-13.02%	-23.11%	-11.36%	-13.83%	-13.05%	-3.97%	-6.28%	-8.89%
Debt-free Net Working Capital to Revenue	49.81%	42.36%	43.91%	47.82%	56.74%	57.05%	61.88%	68.74%	73.26%	72.17%	75.80%
Net Working Capital to Revenue	49.81%	42.36%	43.91%	47.82%	56.74%	57.05%	61.88%	68.74%	73.26%	72.17%	75.80%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.29	$0.10	$0.20	$0.20	$0.87	$0.11	$0.16	$0.43	$1.62	$0.02	$0.18
Adjusted Weighted Average Basic Shares Outstanding	163.82M	164.80M	165.55M	165.97M	165.72M	166.81M	167.83M	168.84M	168.36M	170.52M	171.60M
Adjusted Diluted Earnings per Share	$0.29	$0.10	$0.20	$0.20	$0.86	$0.11	$0.16	$0.42	$1.61	$0.02	$0.18
Adjusted Weighted Average Diluted Shares Outstanding	163.82M	166.62M	166.17M	166.18M	166.36M	167.67M	168.68M	170.65M	169.92M	172.71M	172.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	164.77M	165.22M	165.88M	166.39M	166.79M	167.36M	168.71M	169.18M	170.49M	171.24M	172.31M
Normalized Net Operating Profit after Tax (NOPAT)	24	12	27	27	137	13	21	25	12	-4.22	26
Normalized NOPAT Margin	10.59%	5.82%	11.30%	10.67%	52.76%	5.40%	8.11%	8.98%	4.29%	-1.57%	8.33%
Pre Tax Income Margin	17.18%	10.20%	15.37%	15.50%	62.05%	11.37%	15.20%	16.00%	9.27%	1.49%	15.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

ACADIA Pharmaceuticals (NASDAQ: ACAD) has shown a meaningful improvement in profitability over the last several quarters, with revenue staying relatively steady and operating leverage improving. The most recent quarter, Q1 2026, was profitable on both an operating and net basis, which is a notable shift from the company’s historically uneven earnings profile.

Q1 2026 turned profitable: ACADIA reported net income of $3.6 million, compared with a net loss in Q1 2025, while operating income improved to a loss of only $4.6 million from a much larger loss a year earlier.
Revenue remained solid: Q1 2026 revenue was $268.1 million, slightly above Q1 2025 and well ahead of Q1 2024, showing the top line has held up well over time.
Gross margin appears strong: Q1 2026 gross profit was $243.3 million on $268.1 million in revenue, suggesting a very healthy product margin profile.
Operating cash flow improved sharply: Q1 2026 operating cash flow was $34.0 million, up from $20.3 million in Q1 2025, indicating better cash generation from the business.
Strong liquidity position: As of Q1 2026, ACADIA had $282.2 million in cash, $569.2 million in short-term investments, and just $357.2 million in total liabilities, giving it a sizable cushion.
Balance sheet strengthened year over year: Total equity rose to $1.25 billion in Q1 2026 from $765.2 million in Q1 2025, helped by improved earnings and retained capital.
Interest and investment income helps results: The company continues to benefit from meaningful interest income, which contributed $8.1 million in Q1 2026 pretax earnings.
Share count is still creeping higher: Weighted average diluted shares increased to 172.7 million in Q1 2026 from 167.7 million in Q1 2025, which can dilute per-share gains over time.
R&D and SG&A remain large expenses: In Q1 2026, research and development was $76.9 million and SG&A was $171.0 million, so the company still needs strong revenue to support profitability.
Working capital movements can be volatile: Cash flow has benefited from non-cash items and investment activity, and operating capital swings have been uneven across quarters.

Looking at the bigger picture, ACADIA’s trajectory has improved materially since early 2024, when the company was still posting losses. Revenue has generally trended upward from roughly $205.8 million in Q1 2024 to $268.1 million in Q1 2026, while net income has moved from losses into consistent profitability in the most recent periods.

The main takeaway for retail investors is that ACADIA now looks more like a profitable, cash-generating biotech/pharma company than a company relying purely on balance sheet strength. The risk is that the business still carries high operating costs, and future earnings will need to keep growing to justify the stock’s valuation.

08/16/26 12:56 AM ETAI Generated. May Contain Errors.

ACADIA Pharmaceuticals Financials - Frequently Asked Questions

According to the most recent income statement we have on file, ACADIA Pharmaceuticals' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

ACADIA Pharmaceuticals' net income appears to be on a downward trend, with a most recent value of $391 million in 2025, falling from -$164.44 million in 2015. The previous period was $226.45 million in 2024. Check out ACADIA Pharmaceuticals' forecast to explore projected trends and price targets.

ACADIA Pharmaceuticals' total operating income in 2025 was $104.81 million, based on the following breakdown:

Total Gross Profit: $982.51 million
Total Operating Expenses: $877.70 million

Over the last 10 years, ACADIA Pharmaceuticals' total revenue changed from $61 thousand in 2015 to $1.07 billion in 2025, a change of 1,756,465.6%.

ACADIA Pharmaceuticals' total liabilities were at $336.81 million at the end of 2025, a 26.0% decrease from 2024, and a 1,421.7% increase since 2015.

In the past 10 years, ACADIA Pharmaceuticals' cash and equivalents has ranged from $69.42 million in 2017 to $326.03 million in 2020, and is currently $177.70 million as of their latest financial filing in 2025.

Over the last 10 years, ACADIA Pharmaceuticals' book value per share changed from 1.98 in 2015 to 7.25 in 2025, a change of 266.5%.

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Financial statements for NASDAQ:ACAD last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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ACADIA Pharmaceuticals (ACAD) Financials

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ACADIA Pharmaceuticals (ACAD) Financials

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How has ACADIA Pharmaceuticals' revenue changed over the last 10 years?

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How has ACADIA Pharmaceuticals' book value per share changed over the last 10 years?

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