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About

BioCryst Pharmaceuticals, Inc., a biotechnology company, developing and commercializing medicines for hereditary angioedema (HAE) and other rare diseases. The company markets peramivir injection, an intravenous neuraminidase inhibitor for the treatment of acute uncomplicated and seasonal influenza under the RAPIVAB, RAPIACTA, and PERAMIFLU names; and ORLADEYO, an oral serine protease inhibitor to treat HAE. It is also developing BCX17725, a protein therapeutic for netherton syndrome which is in phase 1; Avoralstat, an ocular plasma kallikrein inhibitor for diabetic macular edema that is in Phase 1; Navenibart, a monoclonal antibody plasma kallikrein inhibitor for HAE which is in Phase 3; BCX17725, an investigational protein therapeutic KLK5 inhibitor for the treatment of netherton syndrome that is in phase 1 clinical trial; STAR-0310, a monoclonal antibody OX40 antagonist for the treatment of atopic dermatitis which is in Phase 1a trial. The company has collaborations and in-license relationships with the Torii Pharmaceutical Co., Ltd., Shionogi & Co., Ltd., and Green Cross Corporation; National Institute of Allergy and Infectious Diseases; Biomedical Advanced Research and Development Authority; the U.S. Department of Health and Human Services; and The University of Alabama at Birmingham, as well as Albert Einstein College of Medicine of Yeshiva University and Industrial Research, Ltd. BioCryst Pharmaceuticals, Inc. was founded in 1986 and is headquartered in Durham, North Carolina.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Drug Manufacturers - Spe Market Cap 2.46B
Enterprise Value 2.66B Income 263.86M Sales 874.84M
Book/sh -0.56 Cash/sh 1.09 Dividend Yield
Payout 0.00% Employees 435 IPO
P/E 8.11 Forward P/E 12.23 PEG
P/S 2.81 P/B -17.55 P/C
EV/EBITDA 7.59 EV/Sales 3.04 Quick Ratio 1.95
Current Ratio 2.06 Debt/Eq LT Debt/Eq
EPS (ttm) 1.21 EPS next Y 0.80 EPS Growth
Revenue Growth 209.10% Earnings 2026-05-04 ROA 43.21%
ROE ROIC Gross Margin 79.32%
Oper. Margin 65.60% Profit Margin 30.16% Shs Outstand 250.80M
Shs Float 218.18M Short Float 16.17% Short Ratio 9.36
Short Interest 52W High 11.31 52W Low 6.00
Beta 0.76 Avg Volume 4.77M Volume 8.99M
Target Price $21.30 Recom Strong_buy Prev Close $9.16
Price $9.81 Change 7.10%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$21.30
Mean price target
2. Current target
$9.81
Latest analyst target
3. DCF / Fair value
$18.40
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.81
Low
$13.00
High
$32.00
Mean
$21.30

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-30 main RBC Capital Outperform → Outperform $13
2025-12-15 main HC Wainwright & Co. Buy → Buy $32
2025-11-05 main Citizens Market Outperform → Market Outperform $25
2025-11-04 main Barclays Equal-Weight → Equal-Weight $9
2025-11-04 main Needham Buy → Buy $18
2025-10-15 main Cantor Fitzgerald Overweight → Overweight $26
2025-10-15 main JMP Securities Market Outperform → Market Outperform $27
2025-10-15 main Needham Buy → Buy $20
2025-08-04 main Needham Buy → Buy $17
2025-07-01 main B of A Securities Buy → Buy $15
2025-06-30 reit RBC Capital Outperform → Outperform $13
2025-06-30 main Wedbush Outperform → Outperform $18
2025-06-27 reit Needham Buy → Buy $17
2025-06-25 reit Needham Buy → Buy $17
2025-05-07 main Barclays Equal-Weight → Equal-Weight $11
2025-05-06 reit RBC Capital Outperform → Outperform $13
2025-05-06 main JP Morgan Overweight → Overweight $13
2025-05-06 reit HC Wainwright & Co. Buy → Buy $30
2025-05-06 main Needham Buy → Buy $17
2025-04-29 init Cantor Fitzgerald — → Overweight $20
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 150000 1372500 Sale at price 9.15 per share. BARNES ALANE P Officer 2026-03-16 00:00:00 D
1 150000 826500 Conversion of Exercise of derivative security at price 5.51 per share. BARNES ALANE P Officer 2026-03-16 00:00:00 D
2 305995 985304 Conversion of Exercise of derivative security at price 3.22 per share. STONEHOUSE JON P Director 2026-03-02 00:00:00 D
3 528 4620 Stock Award(Grant) at price 8.75 per share. MILNE JILL C. PH.D. Director 2026-02-27 00:00:00 D
4 642 5618 Stock Award(Grant) at price 8.75 per share. MCKEE AMY E Director 2026-02-27 00:00:00 D
5 421 3684 Stock Award(Grant) at price 8.75 per share. STONEHOUSE JON P Director 2026-02-27 00:00:00 D
6 1285 11244 Stock Award(Grant) at price 8.75 per share. FRANK STEVEN R Director 2026-02-27 00:00:00 D
7 848 7420 Stock Award(Grant) at price 8.75 per share. MILANO VINCENT J Director 2026-02-27 00:00:00 D
8 14854 Stock Award(Grant) at price 0.00 per share. MILNE JILL C. PH.D. Director 2026-01-23 00:00:00 D
9 21773 166563 Sale at price 7.65 per share. BARNES ALANE P Officer 2025-12-22 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-174.84K-134.61K-6.31M-416.43K
TaxRateForCalcs0.010.210.210.21
NormalizedEBITDA365.14M13.45M-86.28M-141.87M
TotalUnusualItems-17.48M-641.00K-30.06M-1.98M
TotalUnusualItemsExcludingGoodwill-17.48M-641.00K-30.06M-1.98M
NetIncomeFromContinuingOperationNetMinorityInterest263.86M-88.88M-226.54M-247.12M
ReconciledDepreciation1.39M1.25M1.66M1.44M
ReconciledCostOfRevenue19.07M12.27M4.66M6.59M
EBITDA347.65M12.81M-116.33M-143.85M
EBIT346.26M11.56M-117.99M-145.29M
NetInterestIncome-68.20M-83.77M-92.46M-93.97M
InterestExpense78.87M98.52M108.24M99.09M
InterestIncome10.67M14.75M15.78M5.13M
NormalizedIncome281.17M-88.37M-202.79M-245.55M
NetIncomeFromContinuingAndDiscontinuedOperation263.86M-88.88M-226.54M-247.12M
TotalExpenses533.85M453.25M435.12M419.26M
TotalOperatingIncomeAsReported340.99M-2.54M-103.71M-148.44M
DilutedAverageShares218.58M206.70M192.20M185.91M
BasicAverageShares209.89M206.70M192.20M185.91M
DilutedEPS1.21-0.43-1.18-1.33
BasicEPS1.26-0.43-1.18-1.33
DilutedNIAvailtoComStockholders263.86M-88.88M-226.54M-247.12M
NetIncomeCommonStockholders263.86M-88.88M-226.54M-247.12M
NetIncome263.86M-88.88M-226.54M-247.12M
NetIncomeIncludingNoncontrollingInterests263.86M-88.88M-226.54M-247.12M
NetIncomeContinuousOperations263.86M-88.88M-226.54M-247.12M
TaxProvision3.53M1.93M310.00K2.73M
PretaxIncome267.39M-86.95M-226.23M-244.38M
OtherIncomeExpense-5.39M-641.00K-30.06M-1.98M
OtherNonOperatingIncomeExpenses12.09M
SpecialIncomeCharges-17.33M0.00-29.02M0.00
OtherSpecialCharges17.33M29.02M-55.84M
GainOnSaleOfSecurity-152.00K-641.00K-1.04M-1.98M
NetNonOperatingInterestIncomeExpense-68.20M-83.77M-92.46M-93.97M
InterestExpenseNonOperating78.87M98.52M108.24M99.09M
InterestIncomeNonOperating10.67M14.75M15.78M5.13M
OperatingIncome340.99M-2.54M-103.71M-148.44M
OperatingExpense514.77M440.99M430.46M412.67M
ResearchAndDevelopment166.13M174.64M216.57M253.30M
SellingGeneralAndAdministration348.65M266.35M213.89M159.37M
GrossProfit855.76M438.44M326.75M264.23M
CostOfRevenue19.07M12.27M4.66M6.59M
TotalRevenue874.84M450.71M331.41M270.83M
OperatingRevenue874.84M450.71M331.41M270.83M
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber213.06M208.54M205.77M187.91M
ShareIssued213.06M208.54M205.77M187.91M
NetDebt337.50M691.21M700.62M428.51M
TotalDebt438.87M808.74M825.15M741.45M
TangibleBookValue-119.15M-475.93M-455.53M-294.60M
InvestedCapital308.08M319.99M355.74M438.68M
WorkingCapital208.28M261.58M345.98M410.99M
NetTangibleAssets-119.15M-475.93M-455.53M-294.60M
CapitalLeaseObligations11.64M12.82M13.88M8.17M
CommonStockEquity-119.15M-475.93M-455.53M-294.60M
TotalCapitalization308.08M319.99M355.74M438.68M
TotalEquityGrossMinorityInterest-119.15M-475.93M-455.53M-294.60M
StockholdersEquity-119.15M-475.93M-455.53M-294.60M
GainsLossesNotAffectingRetainedEarnings38.00K921.00K1.34M26.00K
OtherEquityAdjustments38.00K921.00K1.34M26.00K
RetainedEarnings-1.51B-1.77B-1.68B-1.45B
AdditionalPaidInCapital1.38B1.29B1.22B1.16B
CapitalStock2.13M2.08M2.06M1.88M
CommonStock2.13M2.08M2.06M1.88M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest633.31M966.35M972.49M844.60M
TotalNonCurrentLiabilitiesNetMinorityInterest437.25M805.97M822.50M739.08M
LongTermDebtAndCapitalLeaseObligation437.25M805.97M822.50M739.08M
LongTermCapitalLeaseObligation10.01M10.05M11.23M5.80M
LongTermDebt427.23M795.92M811.26M733.28M
CurrentLiabilities196.07M160.38M149.99M105.51M
OtherCurrentLiabilities52.20M32.68M23.57M
CurrentDeferredLiabilities0.001.22M1.42M
CurrentDeferredRevenue0.001.22M1.42M
CurrentDebtAndCapitalLeaseObligation1.63M2.77M2.65M2.37M
CurrentCapitalLeaseObligation1.63M2.77M2.65M2.37M
PensionandOtherPostRetirementBenefitPlansCurrent50.86M48.63M36.52M22.12M
CurrentProvisions26.63M32.12M26.51M14.33M
PayablesAndAccruedExpenses64.75M44.19M60.75M65.46M
CurrentAccruedExpenses39.96M17.95M21.33M43.41M
Payables24.79M26.23M39.42M22.06M
OtherPayable8.96M14.59M18.52M7.70M
TotalTaxPayable410.00K2.62M
AccountsPayable15.83M11.64M20.89M14.36M
TotalAssets514.16M490.42M516.96M550.00M
TotalNonCurrentAssets109.81M68.45M20.99M33.50M
OtherNonCurrentAssets29.66M28.34M80.00K6.81M
InvestmentsAndAdvances61.16M20.32M0.0018.08M
InvestmentinFinancialAssets6.83M
AvailableForSaleSecurities6.83M
NetPPE18.99M19.79M20.91M8.62M
AccumulatedDepreciation-9.39M-12.35M-11.21M-9.55M
GrossPPE28.38M32.13M32.12M18.17M
Leases10.44M10.36M10.21M10.14M
ConstructionInProgress0.0097.00K0.00
OtherProperties15.80M18.23M18.56M4.59M
MachineryFurnitureEquipment2.15M3.44M3.35M3.44M
Properties0.000.000.000.00
CurrentAssets404.35M421.97M495.97M516.50M
OtherCurrentAssets17.18M13.75M19.54M12.59M
RestrictedCash201.00K210.00K1.80M1.47M
PrepaidAssets9.99M
Inventory5.40M8.09M28.68M27.53M
InventoriesAdjustmentsAllowances-775.00K-2.65M-1.60M-1.18M
OtherInventories-23.99M-23.19M
FinishedGoods7.28M7.76M6.24M4.81M
WorkInProcess12.89M16.15M17.59M14.99M
RawMaterials10.00M10.01M6.45M8.91M
Receivables106.82M79.07M56.95M50.60M
AccountsReceivable106.82M79.07M56.95M50.60M
CashCashEquivalentsAndShortTermInvestments274.75M320.85M388.99M424.31M
OtherShortTermInvestments185.01M216.14M278.34M119.54M
CashAndCashEquivalents89.74M104.71M110.64M304.77M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow344.90M-53.14M-97.31M-163.20M
RepaymentOfDebt-301.99M-1.70M-241.62M0.00
IssuanceOfDebt0.000.00300.00M73.07M
IssuanceOfCapitalStock59.00K34.00K342.00K190.00K
CapitalExpenditure-2.47M-1.12M-2.17M-1.35M
InterestPaidSupplementalData23.73M30.38M22.14M0.00
IncomeTaxPaidSupplementalData1.60M1.43M3.54M118.00K
EndCashPosition91.34M106.32M112.45M306.24M
BeginningCashPosition106.32M112.45M306.24M507.73M
EffectOfExchangeRateChanges1.27M-936.00K362.00K566.00K
ChangesInCash-16.26M-5.19M-194.15M-202.06M
FinancingCashFlow-349.93M-5.76M32.48M88.03M
CashFlowFromContinuingFinancingActivities-349.93M-5.76M32.48M88.03M
NetOtherFinancingCharges-57.12M-7.54M-34.58M293.87M
ProceedsFromStockOptionExercised9.12M3.44M8.34M14.77M
NetCommonStockIssuance59.00K34.00K342.00K190.00K
CommonStockIssuance59.00K34.00K342.00K190.00K
NetIssuancePaymentsOfDebt-301.99M-1.70M58.38M73.07M
NetShortTermDebtIssuance73.07M0.00
ShortTermDebtPayments0.000.00
ShortTermDebtIssuance73.07M0.00
NetLongTermDebtIssuance-301.99M-1.70M58.38M73.07M
LongTermDebtPayments-301.99M-1.70M-241.62M0.00
LongTermDebtIssuance0.000.00300.00M73.07M
InvestingCashFlow-13.69M52.59M-131.50M-128.24M
CashFlowFromContinuingInvestingActivities-13.69M52.59M-131.50M-128.24M
NetOtherInvestingChanges550.00K
NetInvestmentPurchaseAndSale-5.59M53.72M-129.33M-126.89M
SaleOfInvestment256.65M320.48M385.08M117.40M
PurchaseOfInvestment-262.24M-266.76M-514.41M-244.28M
NetBusinessPurchaseAndSale-6.18M0.000.00
PurchaseOfBusiness-6.18M0.000.00
NetPPEPurchaseAndSale-2.47M-1.12M-2.17M-1.35M
PurchaseOfPPE-2.47M-1.12M-2.17M-1.35M
OperatingCashFlow347.37M-52.02M-95.14M-161.85M
CashFlowFromContinuingOperatingActivities347.37M-52.02M-95.14M-161.85M
ChangeInWorkingCapital-56.90M-87.28M-32.40M-58.95M
ChangeInOtherWorkingCapital-1.23M-109.00K1.28M
ChangeInOtherCurrentLiabilities-68.43M-77.16M-29.34M
ChangeInPayablesAndAccruedExpense57.80M14.78M-16.81M-22.36M
ChangeInAccruedExpense0.000.004.17M
ChangeInInterestPayable0.000.004.17M
ChangeInPayable57.80M14.78M-16.81M-22.36M
ChangeInAccountPayable57.80M14.78M-16.81M-22.36M
ChangeInPrepaidAssets-7.83M1.96M-6.82M-2.58M
ChangeInInventory-1.64M-4.16M-1.45M-12.42M
ChangeInReceivables-36.81M-22.70M-6.09M-21.47M
OtherNonCashItems30.85M67.61M85.80M98.92M
StockBasedCompensation80.75M65.41M55.62M44.70M
AssetImpairmentCharge985.00K1.35M1.97M932.00K
AmortizationOfSecurities-4.33M-11.47M-10.26M-1.78M
DepreciationAmortizationDepletion1.39M1.25M1.66M1.44M
DepreciationAndAmortization1.39M1.25M1.66M1.44M
Depreciation1.39M1.25M1.66M1.44M
OperatingGainsLosses30.76M29.02M-55.84M
EarningsLossesFromEquityInvestments17.55M0.000.00
GainLossOnInvestmentSecurities-550.00K
GainLossOnSaleOfBusiness-3.57M0.000.00
NetIncomeFromContinuingOperations263.86M-88.88M-226.54M-247.12M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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