Corcept Therapeutics Incorporated
Built from real-time financials, refreshed daily. For a full Analyst Grade with bull/bear case, price targets, and qualitative risk analysis, generate a CORT research report →
Range $50 – $165
Price Chart
About the company
Corcept Therapeutics Incorporated, founded in 1998 and headquartered in Menlo Park, California, is a pharmaceutical firm dedicated to the discovery, development, and commercialization of treatments for serious metabolic, oncological, and neuropsychiatric disorders across the United States. Its primary commercial offering is Korlym (mifepristone) tablets, an oral medication taken once daily. Korlym is prescribed for adult patients diagnosed with endogenous Cushing's syndrome who suffer from hyperglycemia due to hypercortisolism, particularly those with type 2 diabetes or glucose intolerance, and for whom surgical options have either failed or are not viable.
- CEO
- Joseph K. Belanoff
- IPO
- 2004
- Employees
- 730
- HQ
- Redwood City, CA, US
AI snapshot
Six angles, distilled from the data.
The stock is in a strong multi-month uptrend and still trades well above its 200-day average, with the 50-day also far above the long-term trend. It sits near the upper end of its 52-week range, so the setup remains constructive but extended versus the year’s lows.
Street sentiment is constructive: consensus is Buy, with a $117.60 target median and $135.25 average target above the current share price. Recent calls have been mixed but still skew positive, highlighted by fresh target raises to $165 and $150 alongside one downgrade to Underperform.
The next print follows a strong beat on July 29, when EPS came in at $0.36 versus a $(0.04) estimate. Longer term, analysts still expect a sharp step-up in earnings, with next-year EPS modeled at $4.52 versus $0.45 trailing, so execution and guidance matter.
Recent insider activity leans to net selling, led by discretionary sales from William Guyer and Sean Maduck, with a smaller sale from Joseph Lyon Douglas. The M-Exempt entries look like automatic or administrative flows, but the repeated open-market sales suggest insiders have been taking chips off the table.
Profitability is solid but still uneven: gross margin is 98.3%, while operating margin is 16.1% and net margin is 6.6%. Growth remains strong, with revenue up 31.7% year over year and earnings up 24.1%, backed by $366.0 million of net cash and minimal debt.
Corcept stands out for unusually high gross margins and a cash-rich balance sheet, but its valuation is rich at 317 times earnings. The setup favors a premium multiple only if relacorilant and the broader cortisol franchise keep converting growth into sustained earnings power.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $12.87B
- P/E
- 228.88
- Fwd P/E
- 57.75
- PEG
- -3.90
- P/S
- 15.49
- P/B
- 17.77
- EV/EBITDA
- 443.37
- Div Yield
- 0.00%
- Gross Margin
- 98.30%
- Op Margin
- 0.77%
- Net Margin
- 6.61%
- ROE
- 8.37%
- ROIC
- 0.87%
Latest fiscal year · YoY change
- Revenue
- $761.41M+12.8%
- Gross Profit
- $748.43M+12.7%
- Op Income
- $44.80M
- Net Income
- $99.65M-28.7%
- EPS
- $0.95-29.6%
- OCF Growth
- -28.3%
- FCF Growth
- -27.6%
- 52W High
- $122.21
- 52W Low
- $28.66
- 50D MA
- $95.55
- 200D MA
- $64.31
- Beta
- 0.46
- RSI (14)
- 68
- Avg Volume
- 1.10M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Corcept delivered strong Q2 growth on both Cushing’s and Lifyorli, raised 2026 revenue guidance, and highlighted broadening clinical momentum across endocrinology and oncology.· July 29, 2026
- Q2 revenue was $256 million, up 32% year over year; net income was $43 million versus $35 million a year ago.
- Korlym and authorized generic revenue totaled $208.6 million; Lifyorli generated $47.6 million in its first quarter of availability.
- Management raised 2026 revenue guidance to $1.1 billion to $1.2 billion, citing strength in both businesses.
- Lifyorli launch metrics were strong: more than 1,300 patients started therapy and more than 1,000 doctors have prescribed it.
- Relacorilant’s NDA resubmission was accepted, with a PDUFA date of December 17, 2026; additional data readouts are expected across oncology and MASH by year-end or next year.
Corcept reported Q2 2026 revenue of $256 million, up 32% versus the prior year period. Net income was $43 million, compared with $35 million in the prior year period. Korlym and authorized generic product revenue were $208.6 million, and Lifyorli product revenue was $47.6 million in its first quarter of availability. Operating expenses were flat versus Q1 2026, and cash and investments were $545 million at June 30. Management increased full-year 2026 revenue guidance to $1.1 billion to $1.2 billion, saying the range reflects strength in both endocrinology and oncology.
CEO Joseph Belanoff emphasized Corcept’s long-term thesis around glucocorticoid receptor antagonism and said the company believes hypercortisolism is more prevalent than previously understood. He framed CATALYST and MOMENTUM as changing medical practice by increasing screening and treatment, and said relacorilant approval would accelerate Cushing’s growth. He was also upbeat on oncology, calling Lifyorli’s launch a strong proof point for GR antagonism in solid tumors and highlighting a broad pipeline beyond Cushing’s and ovarian cancer.
CFO Atabak Mokari focused on the quarter’s financial strength, noting $256 million in revenue, 32% year-over-year growth, and $43 million of net income. He pointed out that operating expenses were flat to Q1 2026 and that cash and investments ended the quarter at $545 million. On guidance, he said the higher 2026 revenue range reflects strength across both endocrinology and oncology, rather than a single business.
Analysts pressed on whether Lifyorli’s launch was being driven by pent-up demand, channel build, or duration of therapy; management said the launch is being supported by broad physician adoption, continued weekly patient adds, and strong payer coverage, while saying it is still early to assess duration. Questions also focused on Korlym growth and whether the Q2 step-up reflected pharmacy transition catch-up; management said the transition is behind them and the increase was driven by continued servicing of the existing patient base plus record new enrollments. On inventory, the CFO said there was very little inventory contribution in the quarter.
The call showed broad-based momentum: Cushing’s prescriptions, prescribers, and patient counts were all at records, while Lifyorli had a rapid launch with strong coverage and more than 1,300 patients started. Management sounded confident that physician awareness of hypercortisolism and adoption of GR antagonism can keep expanding revenue over time.
The main risks were that Lifyorli is still very early, with management saying it is too soon to judge duration of therapy and that broad adoption will take time. Relacorilant still depends on FDA approval after a prior complete response letter, and several pipeline programs remain in development with results pending, so future growth is not yet fully de-risked.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 83.8%
- Shares Outstanding
- 108.10M
- Float Shares
- 90.57M
of shares held by institutions
369 13F filers
Buy/sell ratio 0.22. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 12.43M | ▲ 280.75K |
| Vanguard Group Inc | 9.49M | ▼ 42.25K |
| Ingalls & Snyder LLC | 7.93M | ▲ 325.79K |
| Renaissance Technologies LLC | 5.26M | ▼ 421.15K |
| Vanguard Capital Management LLC | 4.17M | ▲ 95.29K |
| Parallel Advisors, LLC | 3.96M | ▼ 15.23K |
| Fmr LLC | 3.34M | ▲ 147.43K |
| State Street Corp | 3.28M | ▲ 78.44K |
| Aqr Capital Management LLC | 2.58M | ▲ 2.18M |
| Geode Capital Management, LLC | 2.53M | ▼ 181.32K |
| First Trust Advisors LP | 1.83M | ▼ 343.83K |
| Tang Capital Management LLC | 1.50M | 0 |
Held by 388 ETFs
Biggest fund positions in CORT by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 14, 26 | Maduck Sean | other | 3,664 |
| Aug 14, 26 | Maduck Sean | other | 3,664 |
| Aug 14, 26 | Maduck Sean | sell | 3,664 |
| Aug 14, 26 | WILSON JAMES N | sell | 3,053 |
| Aug 14, 26 | WILSON JAMES N | sell | 4,668 |
| Aug 14, 26 | WILSON JAMES N | sell | 2,279 |
| Aug 17, 26 | Robb Gary Charles | sell | 10,000 |
| Aug 17, 26 | Robb Gary Charles | other | 125 |
| Aug 12, 26 | Robb Gary Charles | other | 3,000 |
| Aug 12, 26 | Robb Gary Charles | other | 11,530 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our CORT coverage
Recent articles, reports, and earnings notes.

Corcept Therapeutics (CORT): Growth Upside vs. Rich Valuation
Corcept has a strong commercial base, a newly approved oncology product, and raised 2026 guidance, but the stock still screens as expensive. The report lands on a Hold as earnings pressure and execution risk offset the long-term growth story.

Corcept Therapeutics Incorporated (CORT) jumps 19.5%
Corcept Therapeutics Incorporated (CORT) jumps after hours as investors react to its Q2 2026 earnings event and a fresh price-target hike from Canaccord Genuity. The stock moved sharply above its prior 52-week high, but valuation remains stretched and analyst views are sharply divided.
Want a deeper read on CORT?
Generate a full analyst-grade report — bull/bear case, price targets, valuation depth, and a complete financial breakdown.
Mega Cap Growth vs Small Cap Growth: Which ETF Wins?
fool.com · Aug 18
Trump is up 230% on this stock trade since March
finbold.com · Aug 18
Handelsbanken Fonder AB Boosts Stock Holdings in Corcept Therapeutics Incorporated $CORT
defenseworld.net · Aug 16
Why Corcept Therapeutics (CORT) is a Top Momentum Stock for the Long-Term
zacks.com · Aug 5
Raised Guidance Lifts Corcept to 52-Week High
fxempire.com · Aug 5
FAS Wealth Partners Inc. Grows Stock Position in Corcept Therapeutics Incorporated $CORT
defenseworld.net · Aug 3
Avidity Partners Management LP Has $1.21 Million Position in Corcept Therapeutics Incorporated $CORT
defenseworld.net · Aug 1
Corcept Therapeutics: LIFYORLI Is Likely A Blockbuster, But The Valuation Already Knows It
seekingalpha.com · Jul 31
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed August 13, 2026 · Live quote · Not investment advice