ACADIA Pharmaceuticals Inc. reported its financial results for the second quarter of 2025, revealing a net income of $26.7 million, a decrease from $33.4 million in the same period last year. For the first half of 2025, the company recorded a net income of $45.7 million, down from $49.9 million in the first half of 2024. Total revenues for the second quarter reached $264.6 million, an increase of 9.3% compared to $242.0 million in the prior year. For the six months ended June 30, 2025, total revenues were $508.9 million, up from $447.8 million in the same period of 2024, driven primarily by increased sales of its products NUPLAZID and DAYBUE.
The company’s product sales for the second quarter included $168.5 million from NUPLAZID, up from $157.4 million, and $96.1 million from DAYBUE, an increase from $84.6 million. The growth in sales was attributed to higher unit sales and an increase in average selling prices. Operating expenses for the second quarter totaled $232.2 million, compared to $211.5 million in the same quarter of 2024, reflecting increased costs in research and development as well as selling, general, and administrative expenses.
ACADIA's balance sheet as of June 30, 2025, showed total assets of $1.23 billion, a slight increase from $1.19 billion at the end of 2024. Cash and cash equivalents decreased to $253.6 million from $319.6 million, while investment securities increased to $508.4 million from $436.4 million. The company’s total liabilities decreased to $403.2 million from $455.0 million, primarily due to a reduction in accrued liabilities. Stockholders' equity rose to $822.4 million, up from $732.8 million, reflecting the company's ongoing efforts to strengthen its financial position.
Strategically, ACADIA has been active in expanding its product offerings and market presence. The company launched DAYBUE in April 2023 for the treatment of Rett syndrome and has received marketing authorization in Canada. Additionally, ACADIA has entered into various licensing agreements, including an expanded agreement with Neuren Pharmaceuticals for global rights to trofinetide and other candidates. The company is also advancing its pipeline, with ongoing clinical trials for several product candidates, including ACP-101 and ACP-204, aimed at addressing unmet medical needs in CNS disorders.
Looking ahead, ACADIA anticipates continued growth in product sales and plans to invest significantly in research and development to support its pipeline. The company expects to maintain sufficient liquidity to fund its operations through anticipated revenues and cash reserves, although it acknowledges the potential need for additional financing in the future. The ongoing geopolitical and macroeconomic conditions may impact the company’s operations and financial performance, but ACADIA remains focused on executing its strategic initiatives to drive long-term growth.
About ACADIA PHARMACEUTICALS INC
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