ACADIA Pharmaceuticals Inc. (ACAD) AI Stock Analysis

NASDAQ: ACADAI research summary: business, growth, valuation, analysts, bull and bear case.

ACAD AI stock analysis summary

AI Research

ACADIA Pharmaceuticals Inc. (ACAD) is a commercial-stage biopharmaceutical company focused on central nervous system disorders and rare diseases. The company generated FY2025 revenue of $1.07B with a 5-year revenue CAGR of 19.4%, achieving net income of $391.0M. With $956.5M in cash and short-term investments against $73.9M in total debt, ACADIA maintains a strong net cash position of $882.6M.

Market cap
$3.29B
Revenue (TTM)
$1.14B
P/E
8.6x
fwd 25.2x
1Y return
-7.3%
S&P 500 16.8%
Avg. target
$30.53
59.7% vs last close

Bull case

  • ACADIA has delivered consistent top-line growth, generating a 5-year revenue CAGR of 19.4% through FY2025.
  • The balance sheet remains robust with $882.6M in net cash and a current ratio of 3.39 as of June 30, 2026.
  • The consensus analyst price target of $30.53 offers 59.7% upside relative to the last close of $19.12.

Bear case

  • ACAD shares have lagged the market significantly, falling 28.4% year-to-date and 7.3% over the past year.
  • Analysts forecast FY2026 earnings per share to decline 28.3% to $0.59 from the trailing twelve-month EPS of $2.23.
  • The enterprise value to EBITDA multiple of 35.5x represents a steep premium to the US-listed Healthcare peer median of 12.0x.

What ACADIA Pharmaceuticals does

ACADIA Pharmaceuticals Inc. is a biopharmaceutical enterprise headquartered in San Diego, California, developing therapies for central nervous system (CNS) disorders and rare diseases. Its flagship commercial product is NUPLAZID (pimavanserin), approved for treating hallucinations and delusions associated with Parkinson's disease psychosis. ACADIA's pipeline includes Trofinetide for Rett syndrome, partnered with Neuren Pharmaceuticals Limited, and pimavanserin in Phase III ADVANCE-2 testing for negative symptoms of schizophrenia. The company is also developing ACP-204 for Alzheimer's disease psychosis and collaborates with Stoke Therapeutics, Inc. on RNA-based medicines for severe genetic CNS disorders.

Growth and profitability

Revenue grew from $484.1M in FY2021 to $1.07B in FY2025, demonstrating a 5-year revenue CAGR of 19.4%. Operating performance shifted from an operating margin of -35.2% in FY2021 to 24.1% in FY2024 and 9.8% in FY2025. Net income reached $391.0M in FY2025, up from $226.5M in FY2024 and net income of -$216.0M in FY2022. Over the trailing twelve months, revenue stands at $1.14B with a profit margin of 33.4% and an operating margin of 12.3%. For the latest quarter ending June 30, 2026, quarterly revenue grew 16.4% year-over-year while quarterly earnings expanded 13.3%.

ACAD income statement →

Balance sheet and cash flow

As of June 30, 2026, ACADIA held $956.5M in cash and short-term investments alongside total debt of $73.9M, producing net cash of $882.6M. The company shows solid liquidity with a current ratio of 3.39 and a debt-to-equity ratio of 0.06 on shareholders' equity of $1.31B. Free cash flow was $105.1M in FY2025, supported by modest capital expenditures of $4.7M. The 5-year share count increased by 7.5%.

ACAD balance sheet →

Valuation and performance

At a last close of $19.12 on October 16, 2026, ACADIA trades at a trailing price-to-earnings ratio of 8.6x, compared to 24.6x for the median of its US-listed Healthcare peers. However, its forward P/E of 25.2x and EV to EBITDA of 35.5x trade above the peer group medians of 17.3x and 12.0x, respectively. The stock's price-to-sales multiple is 2.9x versus the peer median of 4.1x. Over the past year, ACAD shares fell 7.3%, lagging the S&P 500 return of 16.8%, and its 5-year return of 9.2% trailed the index return of 83.0%.

ACAD key metrics →

What analysts expect

Wall Street coverage consists of 10 Strong Buy, 4 Buy, 5 Hold, 0 Sell, and 1 Strong Sell recommendations. The mean price target is $30.53, representing a 59.7% premium over the last close of $19.12. For FY2026, analysts estimate revenue of $1.27B and EPS of $0.59, representing an earnings decline of 28.3%. For FY2027, 13 analysts forecast revenue of $1.43B and EPS growth of 54.7% to $0.92. ACADIA exceeded earnings estimates in 2 of the last 4 quarters, with next earnings scheduled for November 4, 2026.

ACAD forecast and price target →

Key risks and what to watch

  • ACADIA has demonstrated earnings volatility, beating consensus EPS estimates in only 2 of the last 4 quarters.
  • Significant ongoing research and development spending, which totaled $328.8M in FY2025, could pressure margins if late-stage trials fail.
  • A forward P/E ratio of 25.2x exposes the stock to multiple compression if FY2027 EPS growth falls short of the projected 54.7%.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this ACAD AI stock analysis

This page is an AI-written research summary of ACADIA Pharmaceuticals Inc. (ACAD). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: ACAD income statement, ACAD balance sheet, ACAD key metrics, ACAD analyst forecast, ACAD chart. See the ACAD stock overview for the latest quote and news.

ACAD AI stock analysis FAQ

What was ACADIA's revenue and net income in FY2025?

In FY2025, ACADIA generated revenue of $1.07B, representing 11.9% year-over-year growth, and reported net income of $391.0M.

Does ACADIA Pharmaceuticals pay a dividend?

No, ACADIA Pharmaceuticals does not pay a dividend. The company directs its capital toward research and commercial operations, including $328.8M in FY2025 R&D expense.

How much cash and debt does ACADIA have?

As of June 30, 2026, ACADIA held $956.5M in cash and short-term investments and $73.9M in total debt, giving it a net cash balance of $882.6M.

What is the consensus analyst price target for ACAD stock?

The mean analyst price target is $30.53, which is 59.7% above the closing price of $19.12 on October 16, 2026.

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