Blueprint Medicines Corporation

Description

Blueprint Medicines Corporation, a precision therapy company, develops medicines for genomically defined cancers and blood disorders in the United States and internationally. The company is developing AYVAKIT for the treatment of systemic mastocytosis (SM) and gastrointestinal stromal tumors; BLU-263, an orally available, potent, and KIT inhibitor for the treatment of indolent SM, and other mast cell disorders. It is also developing GAVRETO for the treatment of RET fusion-positive non-small cell lung cancer, altered thyroid carcinoma, and medullary thyroid carcinoma; BLU-945 for the treatment of epidermal growth factor receptor driven non-small-cell lung carcinoma (NSCLC); and BLU-451 to treat NSCLC in patients with epidermal growth factor receptor gene (EGFR) exon 20 insertion mutations. In addition, the company is developing BLU-782, for the treatment of fibrodysplasia ossificans progressive; BLU- 222 to treat patients with cyclin E aberrant cancers; and BLU-852 for the treatment of advanced cancers. It has collaboration and license agreements with Clementia Pharmaceuticals, Inc.; Proteovant Therapeutics; CStone Pharmaceuticals; Genentech, Inc.; Hoffmann-La Roche Inc.; and Zai Lab (Shanghai) Co., Ltd. The company was formerly known as Hoyle Pharmaceuticals, Inc. and changed its name to Blueprint Medicines Corporation in June 2011. Blueprint Medicines Corporation was incorporated in 2008 and is headquartered in Cambridge, Massachusetts.

About

CEO
Ms. Kathryn Haviland M.B.A.
Employees
638
Instrument type
Common Stock
Sector
Healthcare
Industry
Biotechnology
MIC code
XNGS
Address
45 Sidney Street, Cambridge, MA 02139, United States
Phone
617 374 7580
Website
Chart Image
× Enlarged Chart
Oscillators
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Summary
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Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Oct 28, 2025
Jul 30, 2025
Apr 30, 2025
Feb 13, 2025 -0.68
Oct 30, 2024 -0.97 -0.89 0.08 -8.25%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 6 9
Average estimate -0.57 -0.93
Low estimate -0.78 -2.84
High estimate -0.40 2.92
Last year EPS -1.32 -1.33
[stock_revenue_estimate]

Growth estimates

Current qtr
61.810%
Next qtr. (Mar 2025)
57.170%
Current year
84.060%
Next year (Dec 2025)
29.940%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 27, 2025
Piper Sandler
Christopher Raymond
Maintains Neutral ▲ Raises $109 → $119
Jan 15, 2025
JMP Securities
Reni Benjamin
Reiterates Market Outperform Maintains $125
Jan 13, 2025
Wedbush
David Nierengarten
Reiterates Outperform ▼ Lowers $135 → $124
Jan 13, 2025
Needham
Ami Fadia
Reiterates Buy Maintains $135
Jan 2, 2025
Stephens & Co.
Reiterates Overweight
Dec 17, 2024
Needham
Reiterates Buy
Dec 11, 2024
Guggenheim
Michael Schmidt
Reiterates Buy
Dec 9, 2024
JMP Securities
Reni Benjamin
Reiterates Market Outperform Maintains $125
Nov 18, 2024
JMP Securities
Reni Benjamin
Reiterates Market Outperform Maintains $125
Nov 15, 2024
Needham
Ami Fadia
Reiterates Buy Maintains $135
Nov 15, 2024
HC Wainwright & Co.
Andrew Fein
Reiterates Buy Maintains $135
Nov 14, 2024
JP Morgan
Brian Cheng
Initiates Overweight Announces $126
Oct 31, 2024
Wells Fargo
Derek Archila
Maintains Overweight ▼ Lowers $153 → $151
Oct 31, 2024
Needham
Ami Fadia
Maintains Buy ▲ Raises $133 → $135
Oct 31, 2024
HC Wainwright & Co.
Andrew Fein
Reiterates Buy Maintains $135
Oct 30, 2024
Needham
Ami Fadia
Reiterates Buy Maintains $133
Oct 24, 2024
UBS
David Dai
Initiates Neutral Announces $88
Aug 5, 2024
Needham
Ami Fadia
Maintains Buy ▲ Raises $130 → $133
Aug 2, 2024
Guggenheim
Michael Schmitz
Maintains Buy ▲ Raises $130 → $138
Aug 2, 2024
Baird
Joel Beatty
Maintains Outperform ▲ Raises $112 → $127
Aug 1, 2024
Needham
Ami Fadia
Reiterates Buy Maintains $130
Jul 29, 2024
Barclays
Peter Lawson
Maintains Equal-Weight ▲ Raises $75 → $105
Jul 12, 2024
Morgan Stanley
Michael Ulz
Maintains Equal-Weight ▲ Raises $110 → $115
Jul 8, 2024
Oppenheimer
Matthew Biegler
Maintains Outperform ▲ Raises $114 → $125
Jun 28, 2024
Needham
Ami Fadia
Reiterates Buy Maintains $130
Jun 7, 2024
JMP Securities
Reni Benjamin
Reiterates Market Outperform Maintains $125
May 14, 2024
Stephens & Co.
Sudan Loganathan
Initiates Overweight Announces $140
May 6, 2024
Leerink Partners
Andrew Berens
Upgrade Market Perform ▲ Raises $50 → $97
May 6, 2024
Goldman Sachs
Terence Flynn
Maintains Buy ▲ Raises $121 → $168
May 3, 2024
Needham
Ami Fadia
Maintains Buy ▲ Raises $97 → $130

Income statement

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total reported revenue 249.38M 204.04M 180.08M 793.74M 66.51M
Cost of revenue 8.54M 17.81M 17.93M 425,000
Gross profit 240.84M 186.22M 162.15M 793.31M 66.51M
Operating expense
Research & development 427.72M 477.42M 601.03M 326.86M 331.45M
Selling general and admin 295.14M 237.37M 195.29M 157.74M 96.39M
Other operating expenses 8.95M 7.80M
Operating income -482.02M -528.57M -634.18M 308.71M -361.33M
Non operating interest income
Income
Expense
Other income expense -5.20M -6.94M -9.29M -366,000 -100,000
Pretax income -506.02M -552.28M -641.08M 314.94M -347.69M
Tax provision 968,000 5.24M 3.00M 1.06M
Net income -506.98M -557.52M -644.09M 313.88M -347.69M
Basic EPS -8.37 -9.35 -11.01 5.76 -7.27
Diluted EPS -8.37 -9.35 -11.01 5.59 -7.27
Basic average shares 60.56M 59.64M 58.52M 54.53M 47.83M
Diluted average shares 60.56M 59.64M 58.52M 54.53M 47.83M
EBITDA -470.36M -516.84M -627.70M 315.27M -356.07M
Net income from continuing op. -506.98M -557.52M -644.09M 313.88M -347.69M
Minority interests
Preferred stock dividends

Balance sheet

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1.05B 1.35B 1.25B 1.72B 707.69M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 71.29M 119.71M 209.95M 684.64M 113.94M
Other short term investments 639.36M 825.28M 267.17M 187.21M 369.62M
Accounts receivable 42.83M 23.53M 25.16M 7.10M 663,000
Other receivables 351,000 13.41M 11.88M 18.21M 22.75M
Inventory 21.22M 29.70M 21.82M 8.58M
Prepaid assets 18.06M 22.02M 9.82M
Restricted cash
Assets held for sale
Hedging assets
Other current assets 33.35M 35.02M 18.06M 22.02M 9.82M
Non current assets
Properties 95.00M 97.58M 103.28M 78.96M 81.73M
Land and improvements
Machinery furniture equipment 7.33M 6.25M 5.84M 5.35M 5.49M
Construction in progress 9.51M 1.61M 213,000 151,000 956,000
Leases 42.30M 41.05M 36.95M 36.95M 36.63M
Accumulated depreciation -38.49M -31.28M -25.42M -19.73M -13.68M
Goodwill
Investment properties
Financial assets
Intangible assets
Investments and advances 84.32M 161.27M 557.53M 677.87M 64.41M
Other non current assets 40.89M 26.78M 19.81M 11.09M 15.39M
Total liabilities 918.64M 835.23M 281.49M 248.31M 243.34M
Current liabilities
Accounts payable 4.71M 2.73M 8.33M 4.37M 4.79M
Accrued expenses 67.09M 91.33M 88.74M 77.35M 75.19M
Short term debt 42.21M 27.43M 8.09M 7.94M 6.82M
Deferred revenue 40.01M 21.95M 11.51M 12.56M 6.16M
Tax payable
Pensions 43.43M 30.74M 29.17M 27.62M 13.52M
Other current liabilities
Non current liabilities
Long term debt 290.29M 215.02M 103.32M 81.67M 89.13M
Provision for risks and charges
Deferred liabilities
Derivative product liabilities
Other non current liabilities 6.21M 10.30M 3.34M 7.24M 7.81M
Shareholders equity
Common stock 61,000 60,000 59,000 58,000 49,000
Retained earnings -2.34B -1.83B -1.28B -631.36M -945.24M
Other shareholders equity -3.50M -10.44M -4.13M -5.21M -2.54M
Total shareholders equity 130.61M 514.68M 970.74M 1.47B 464.36M
Additional paid in capital 2.47B 2.36B 2.25B 2.11B 1.41B
Treasury stock
Minority interest

Cash flow statement

20232022202120202019201820172016201520142013
Operating Activities
Net Income-506.98M-557.52M-644.09M313.88M-347.69M-236.64M-148.12M-72.50M-52.77M-40.29M-20.91M
Depreciation11.67M11.74M6.48M6.56M5.26M4.25M1.58M1.58M948,000622,000501,000
Deferred Taxes
Stock-Based Compensation92.67M98.97M91.63M75.53M54.65M30.53M12.52M6.14M5.18M2.33M351,000
Other Non-Cash Items24.39M-715,000269.64M6.22M4.99M-6,00032,00073,000109,00085,00026,000
Accounts Receivable-7.65M-2.23M-11.81M-1.85M-23.20M198,0003.16M-163,000-3.41M
Accounts Payable1.88M-5.82M4.22M-791,0001.45M-445,0001.53M4,0001.39M-512,000541,000
Other Assets & Liabilities-39.64M-38.15M-26.88M-16.57M-2.17M-3.65M2.00M32.80M15.96M-140,000-94,000
Operating Cash Flow-423.66M-493.73M-310.80M382.98M-306.71M-205.76M-127.29M-32.06M-32.60M-37.90M-19.59M
Investing Activities
Capital Expenditures-16.06M-8.92M-3.09M-3.16M-14.01M-12.68M-15.51M-2.35M-4.88M-700,000-257,000
Net Intangibles-258.15M
Net Acquisitions
Purchase of Investments-766.36M-489.71M-655.45M-969.44M-738.39M-801.24M-360.84M-264.47M
Sale of Investments1.06B349.37M690.83M538.35M735.93M652.83M304.00M48.00M
Investing Cash Flow274.04M-149.54M32.29M-434.25M-16.47M-161.09M-75.85M-218.70M-6.08M-700,000-257,000
Financing Activities
Long-Term Debt Issuance97.93M137.79M7.00M3.00M
Long-Term Debt Payments-1.53M-2.58M-3.33M-1.81M-750,000
Other Financing Charges-44,000415.83M-116,000-443,000-965,000-143,000-2.05M-18,000-48,000
Financing Cash Flow97.89M553.61M582.49M327.35M-1.97M543.95M132.58M153.22M81.35M17.99M
Other Cash Details
End Cash Position81.52M124.90M215.12M689.80M119.60M73.43M405.07M53.34M162.71M47.24M1.99M
Income Tax Paid6.51M694,000778,000185,000123,00037,000
Interest Paid38.47M9.81M5,000267,000151,000316,000452,000215,00053,000
Free Cash Flow-452.91M-511.20M-559.89M383.88M-292.03M-187.69M-135.38M-26.87M-36.56M-36.10M-19.28M

Top Institutional Holders

Holder Date Reported Shares Value % Held
Vanguard Specialized-Health Care Fund Oct 31, 2024 2,090,064 237.01M 3.29%
Price (T.Rowe) New Horizons Fund Sep 30, 2024 2,064,248 234.09M 3.25%
Vanguard Total Stock Market Index Fund Sep 30, 2024 1,998,643 226.65M 3.15%
iShares Russell 2000 ETF Nov 30, 2024 1,767,009 200.38M 2.78%
Vanguard Small-Cap Index Fund Sep 30, 2024 1,585,695 179.82M 2.50%
Price (T.Rowe) Health Sciences Fund Sep 30, 2024 1,461,318 165.71M 2.30%
SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF Nov 30, 2024 1,277,594 144.88M 2.01%
Vanguard Extended Market Index Fund Sep 30, 2024 951,573 107.91M 1.50%
Delaware Group Equity Fds V-Small Cap Core Fund Nov 30, 2024 908,168 102.99M 1.43%
Vanguard Small-Cap Growth Index Fund Sep 30, 2024 874,422 99.16M 1.38%
Will Blueprint Medicines (BPMC) Report Negative Earnings Next Week? What You Should Know Article
Will Blueprint Medicines (BPMC) Report Negative Earnings Next Week? What You Should Know
Blueprint Medicines (BPMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks Investment Research Negative
Feb 6, 2025
Should You Buy Blueprint Medicines (BPMC) After Golden Cross? Article
Should You Buy Blueprint Medicines (BPMC) After Golden Cross?
After reaching an important support level, Blueprint Medicines Corporation (BPMC) could be a good stock pick from a technical perspective. BPMC recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
Zacks Investment Research Positive
Feb 6, 2025
Blueprint Medicines to Report Fourth Quarter and Full Year 2024 Financial Results on Thursday, February 13, 2025 Article
Blueprint Medicines to Report Fourth Quarter and Full Year 2024 Financial Results on Thursday, February 13, 2025
CAMBRIDGE, Mass. , Feb. 5, 2025 /PRNewswire/ -- Blueprint Medicines Corporation (NASDAQ: BPMC) today announced that it will host a live conference call and webcast at 8:00 a.m.
PRNewsWire Neutral
Feb 5, 2025
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