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Durect Corp

DRRXDelisted Sep 11, 2025
Industry
Pharmaceutical Preparations
SEC CIK
0001082038

Durect Corp was delisted on Sep 11, 2025; its insiders filed their last Form 4 on Sep 16, 2025; 40 institutions reported holding it in 13F filings for Q2 2025, worth $4.44M in total; no superinvestor held it.

Currency
USD
Source
SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
Updated
Oct 8, 2026, 12:21 PM ET

Revenue flow, FY2024

Where the revenue went in FY2024, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.

Net loss for FY2024: $8.32M (409.8% of revenue).

Income statement

Each column is one fiscal year, newest first.

Income statement of Durect Corp, annual
Line itemFY2024FY2023FY2022FY2021FY2020
Period endDec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020
Filing10-K10-K10-K10-K10-K
ReportedMar 26, 2025Mar 27, 2024Feb 3, 2023Mar 7, 2022Feb 4, 2021
Revenue$2.03M$8.55M$19.3M$14.0M$30.1M
Cost of revenue$78.0K$1.72M$1.59M$1.96M$1.41M
Research and development$10.4M$29.4M$36.9M$31.8M$27.7M
Selling, general and administrative$10.5M$14.4M$15.9M$14.4M$13.6M
Operating income-$18.9M-$36.9M-$35.1M-$34.3M-$12.6M
Interest expense––$2.40M$2.15M$2.24M
Income tax$0$0–––
Net income-$8.32M-$27.6M-$35.3M-$36.3M-$582.0K
EPS, basic$-0.27$-1.05$-1.55$-0.16$0.00
EPS, diluted$-0.27$-1.20$-1.55$-0.16$0.00
Weighted shares, basic30.9M26.3M22.8M225.0M199.5M
Weighted shares, diluted30.9M26.5M22.8M––
Margins and growth
Operating margin-931.2%-431.5%-181.9%-245.2%-41.9%
Net margin-409.8%-323.2%-183.2%-259.5%-1.9%
Revenue growth, year over year−76.2%−55.7%+38.0%−53.6%+1.9%

Balance sheet

Each column is one fiscal year, newest first.

Balance sheet of Durect Corp, annual
Line itemFY2024FY2023FY2022FY2021FY2020
Period endDec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020
Filing10-K10-K10-K10-K10-K
ReportedMar 26, 2025Mar 27, 2024Feb 3, 2023Mar 7, 2022Feb 4, 2021
Cash and equivalents$11.0M$28.4M$43.5M$49.8M$21.3M
Accounts receivable$453.0K$1.26M$3.42M$6.48M$940.0K
Inventory$106.0K$2.22M$2.11M$1.87M$1.86M
Total current assets$13.2M$34.7M$51.4M$81.7M$63.1M
Property, plant and equipment$41.0K$91.0K$188.0K$227.0K$251.0K
Goodwill$2.73M$6.17M$6.17M$6.17M$6.17M
Total assets$18.3M$45.2M$60.1M$92.0M$75.6M
Accounts payable$309.0K$1.78M$3.11M$1.31M$1.68M
Short-term debt$0$16.7M$21.2M–$884.0K
Total current liabilities$7.71M$27.0M$34.0M$10.1M$10.7M
Long-term debt–$16.7M$21.2M$20.6M$19.9M
Shareholders' equity$9.13M$14.8M$25.0M$57.8M$40.1M

Cash flow statement

Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.

Cash flow statement of Durect Corp, annual
Line itemFY2024FY2023FY2022FY2021FY2020
Period endDec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020
Filing10-K10-K10-K10-K10-K
ReportedMar 26, 2025Mar 27, 2024Feb 3, 2023Mar 7, 2022Feb 4, 2021
Operating cash flow-$19.1M-$34.4M-$26.3M-$37.3M-$38.7M
Capital expenditures$0$52.0K$111.0K$194.0K$208.0K
Free cash flow-$19.1M-$34.5M-$26.4M-$37.5M-$38.9M
Depreciation and amortization$84.0K$31.0K$119.0K$288.0K$297.0K
Stock-based compensation$2.00M$2.54M$2.46M$2.69M$2.17M
Investing cash flow$18.0M-$1.17M$19.8M$15.3M$9.43M
Financing cash flow-$16.3M$20.5M$83.0K$50.5M$15.7M
Ratio
Stock-based compensation, % of revenue98.2%29.7%12.7%19.2%7.2%

Shares outstanding

Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.

Shares outstanding for Durect Corp by cover date
Cover dateShares outstandingChange in a yearFiling
Aug 8, 202531.1M0.0%SEC
May 9, 202531.0M0.0%SEC
Mar 25, 202531.0M0.0%SEC
Nov 11, 202431.0M+4.1%SEC
Aug 9, 202431.0M+12.5%SEC
May 9, 202431.0M+26.7%SEC
Mar 26, 202431.0M+26.8%SEC
Nov 13, 202329.8M−86.9%SEC

Notes and known gaps

How these numbers are put together, and what they can't tell you.

  • Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
  • Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.

Known gaps

  • Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
  • EPS and share counts are as reported at the time, not adjusted for later stock splits. Stock splits since Dec 31, 2019, from 13F share counts: 1-for-10 in Q4 2022.
  • For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
  • For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
  • Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
  • Depreciation and amortization is missing for some companies that report it under their own XBRL tags.