NRIX Nurix Therapeutics, Inc. - Common stock
About Nurix Therapeutics, Inc. - Common stock Company overview from Wikipedia
NRIX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
NRIX Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
NRIX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 7 31.8%
- Buy 13 59.1%
- Hold 2 9.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
16 analysts · 2026-08-18Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.81 | $-0.73 | -0.08% |
| March 31, 2026 | $-0.79 | $-0.77 | -0.02% |
| Dec. 31, 2025 | $-0.82 | $-0.89 | 0.07% |
| Sept. 30, 2025 | $-1.03 | $-0.86 | -0.17% |
| June 30, 2025 | $-0.52 | $-0.74 | 0.22% |
| March 31, 2025 | $-0.67 | $-0.78 | 0.11% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NRIX | $1.80B | -5.8 | 53.9% | -314.9% | -53.6% | — |
| IMNM | $2.43B | -8.8 | -23.2% | -3060.0% | -47.0% | — |
| CLDX | $1.81B | -7.0 | -78.0% | -16748.0% | -43.8% | — |
| IRON | $3.01B | -13.2 | — | — | -31.3% | — |
| BEAM | $2.82B | -34.2 | 120.0% | -57.2% | -7.0% | — |
| SLS | $577M | -15.1 | — | — | -55.4% | — |
| RARE | $2.22B | -3.9 | 20.2% | -85.4% | -1613.2% | — |
| KOD | $1.73B | -6.5 | — | — | -202.0% | — |
| BCRX | $1.66B | 6.4 | 94.1% | 30.2% | -97.6% | — |
| PGEN | $1.48B | -3.1 | 146.7% | -2588.2% | 3159.1% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $84M | $55M | $77M | $39M | $30M | $18M | $31M | |
| R&D Expense | $317M | $222M | $189M | $184M | $116M | $66M | $45M | |
| SG&A Expense | $53M | $46M | $43M | $38M | $31M | $16M | $8M | |
| Operating Expenses | $370M | $268M | $232M | $222M | $148M | $83M | $53M | |
| Operating Income | $-286M | $-213M | $-155M | $-184M | $-118M | $-65M | $-22M | |
| Pretax Income | $-264M | $-193M | $-144M | $-180M | $-117M | $-64M | $-21M | |
| Income Tax | $760.0K | $270.0K | $0 | $0 | $131.0K | $-21M | $239.0K | |
| Net Income | $-264M | $-194M | $-144M | $-180M | $-117M | $-43M | $-22M | |
| EPS (Basic) | $-3.05 | $-2.88 | $-2.65 | $-3.71 | $-2.73 | · | · | |
| EPS (Diluted) | $-3.05 | $-2.88 | $-2.65 | $-3.71 | $-2.73 | · | · | |
| Shares (Basic) | 86,666,907 | 67,120,266 | 54,337,901 | 48,607,990 | 42,895,383 | · | · | |
| Shares (Diluted) | 86,666,907 | 67,120,266 | 54,337,901 | 48,607,990 | 42,895,383 | · | · | |
| EBITDA | $-286M | $-213M | $-155M | $-184M | $-118M | $-65M | · |
Balance Sheet 21
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $247M | $110M | $55M | $64M | $81M | $119M | $35M | |
| Short-term Investments | · | · | · | $245M | $215M | $162M | $3M | |
| Receivables | · | $0 | · | $0 | $6M | · | · | |
| Prepaid Expense | $14M | $10M | $8M | $9M | $9M | $6M | $2M | |
| Current Assets | $607M | $619M | $296M | $318M | $311M | $298M | $39M | |
| PP&E (Net) | $22M | $18M | $17M | $17M | $11M | $7M | $4M | |
| PP&E (Gross) | $60M | $52M | $43M | $37M | $26M | $20M | $15M | |
| Accum. Depreciation | $38M | $35M | $26M | $20M | $15M | $13M | $11M | |
| Other Non-current Assets | $7M | $3M | $4M | $4M | $3M | $177.0K | $147.0K | |
| Total Assets | $688M | $669M | $356M | $417M | $477M | $396M | $44M | |
| Accounts Payable | $11M | $11M | $6M | $5M | $7M | $3M | $2M | |
| Current Liabilities | $86M | $96M | $87M | $71M | $66M | $45M | $16M | |
| Capital Leases | $53M | $20M | $23M | $6M | $9M | · | · | |
| Other Non-current Liabilities | · | · | · | · | · | $850.0K | $2M | |
| Total Liabilities | $149M | $142M | $155M | $113M | $134M | $106M | $54M | |
| Common Stock | $102.0K | $76.0K | $49.0K | $47.0K | $45.0K | $39.0K | $4.0K | |
| Retained Earnings | $-1.00B | $-739M | $-545M | $-401M | $-221M | $-104M | $-60M | |
| AOCI | $105.0K | $150.0K | $-655.0K | $-4M | $-608.0K | $87.0K | $-2.0K | |
| Stockholders' Equity | $539M | $527M | $200M | $304M | $342M | $290M | $-58M | |
| Liabilities + Equity | $688M | $669M | $356M | $417M | $477M | $396M | $44M | |
| Shares Outstanding | 101,807,484 | 75,870,718 | 48,718,552 | 47,172,299 | 44,664,371 | 38,864,872 | 3,595,334 |
Cash Flow 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $9M | $9M | $8M | $5M | $3M | $2M | $2M | |
| Stock-based Comp | $38M | $34M | $34M | $28M | $16M | $4M | $510.0K | |
| Operating Cash Flow | $-249M | $-173M | $-81M | $-160M | $-84M | $-80.0K | $601.0K | |
| CapEx | $14M | $9M | $8M | $12M | $6M | $5M | $2M | |
| Investing Cash Flow | $148M | $-258M | $68M | $27M | $-108M | $-254M | $8M | |
| Stock Issued | $0 | $290M | $0 | $19M | $150M | $218M | · | |
| Net Stock Activity | $0 | $290M | $0 | $19M | $150M | $218M | · | |
| Financing Cash Flow | $239M | $486M | $3M | $117M | $154M | $339M | $126.0K | |
| Net Change in Cash | $137M | $55M | $-10M | $-15M | $-39M | $85M | $9M | |
| Taxes Paid | · | · | · | · | · | $1.0K | $1.0K | |
| Free Cash Flow | $-263M | $-182M | $-90M | $-172M | $-90M | $-5M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -340.2% | -390.5% | -201.4% | -476.0% | -396.3% | -364.7% | · | |
| Net Margin | -314.9% | -354.9% | -187.0% | -466.9% | -393.9% | -242.7% | · | |
| Pretax Margin | -314.0% | -354.4% | -187.0% | -466.9% | -393.5% | -357.9% | · | |
| EBITDA Margin | -340.2% | -390.5% | -201.4% | -476.0% | -396.3% | -364.7% | · | |
| ROA | -39.0% | -37.8% | -37.3% | -40.4% | -26.9% | -19.6% | · | |
| ROE | -53.6% | -42.8% | -66.3% | -55.8% | -32.7% | -14.5% | · | |
| ROIC | -53.2% | -40.5% | · | -60.5% | -34.5% | -15.2% | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.0 | 6.5 | 3.4 | 4.5 | 4.7 | 6.7 | · | |
| Quick Ratio | 2.9 | 1.1 | 0.6 | 4.4 | 4.6 | 6.3 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | · | |
| Receivables Turnover | · | · | · | 12.9 | 9.9 | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 53.9% | -29.1% | 99.3% | 29.8% | 67.0% | · | · | |
| Revenue CAGR 3Y | 29.5% | 22.4% | 62.9% | · | · | · | · | |
| Revenue CAGR 5Y | 36.4% | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $84M | $55M | $77M | $39M | $30M | $18M | · | |
| Net Income TTM | $-264M | $-194M | $-144M | $-180M | $-117M | $-43M | · | |
| Market Cap | $1.80B | $1.68B | $303M | $584M | $1.29B | $1.66B | · | |
| P/E | -5.8 | -7.7 | -2.3 | -3.3 | -10.6 | · | · | |
| P/S | 21.4 | 30.8 | 3.9 | 15.1 | 43.3 | 93.0 | · | |
| P/B | 3.3 | 3.2 | 1.5 | 1.9 | 3.8 | 5.7 | · | |
| P / Tangible Book | 3.3 | 3.2 | 1.5 | 1.9 | 3.8 | 5.7 | · | |
| P / Cash Flow | -7.2 | -9.7 | -3.7 | -3.7 | -15.3 | -20705.3 | · | |
| P / FCF | -6.8 | -9.2 | -3.4 | -3.4 | -14.3 | -357.5 | · | |
| Earnings Yield | -17.2% | -13.0% | -42.6% | -29.9% | -9.5% | · | · |
Income Statement 13
| Metric | Trend | Q2 2026 | Q4 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9M | $6M | $14M | $8M | $44M | $18M | $13M | $13M | $12M | $17M | $15M | $18M | $31M | $13M | $7M | $11M | |
| R&D Expense | $88M | $84M | $83M | $86M | $78M | $70M | $67M | $55M | $49M | $50M | $50M | $48M | $46M | $46M | $46M | $48M | |
| SG&A Expense | $16M | $15M | $14M | $13M | $14M | $12M | $11M | $12M | $12M | $12M | $11M | $11M | $12M | $10M | $9M | $10M | |
| Operating Expenses | $103M | $99M | $97M | $99M | $92M | $81M | $78M | $67M | $61M | $62M | $60M | $58M | $57M | $56M | $55M | $58M | |
| Operating Income | $-94M | $-92M | $-83M | $-91M | $-48M | $-63M | $-65M | $-55M | $-49M | $-45M | $-45M | $-40M | $-27M | $-43M | $-49M | $-47M | |
| Pretax Income | $-90M | · | $-78M | $-86M | $-43M | $-56M | $-59M | $-49M | $-44M | $-41M | $-42M | $-37M | $-24M | $-41M | $-47M | $-46M | |
| Income Tax | $-271.0K | $0 | $0 | $0 | $760.0K | $0 | $8.0K | $82.0K | $90.0K | $90.0K | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Income | $-90M | $-87M | $-78M | $-86M | $-43M | $-56M | $-59M | $-49M | $-45M | $-42M | $-42M | $-37M | $-24M | $-41M | $-47M | $-46M | |
| EPS (Basic) | $-0.81 | $-0.79 | $-0.83 | $-1.03 | $-0.52 | $-0.67 | $-0.74 | $-0.67 | $-0.71 | $-0.76 | $-0.77 | $-0.68 | $-0.45 | $-0.75 | $-0.85 | $-0.90 | |
| EPS (Diluted) | $-0.81 | $-0.79 | $-0.83 | $-1.03 | $-0.52 | $-0.67 | $-0.74 | $-0.67 | $-0.71 | $-0.76 | $-0.77 | $-0.68 | $-0.45 | $-0.75 | $-0.85 | $-0.90 | |
| Shares (Basic) | 111,084,423 | 110,071,668 | -164,935,701 | 84,159,336 | 83,882,477 | 83,560,795 | -122,940,073 | 72,779,381 | 62,377,551 | 54,903,407 | -108,340,241 | 54,390,859 | 54,259,045 | 54,028,238 | -91,852,773 | 50,868,542 | |
| Shares (Diluted) | 111,084,423 | 110,071,668 | -164,935,701 | 84,159,336 | 83,882,477 | 83,560,795 | -122,940,073 | 72,779,381 | 62,377,551 | 54,903,407 | -108,340,241 | 54,390,859 | 54,259,045 | 54,028,238 | -91,852,773 | 50,868,542 | |
| EBITDA | $-94M | $-92M | · | $-91M | $-48M | $-63M | · | $-55M | $-49M | $-45M | · | $-40M | $-27M | $-43M | · | $-47M |
Balance Sheet 20
| Metric | Trend | Q2 2026 | Q4 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $68M | $71M | $247M | $78M | $84M | $76M | $110M | $99M | $117M | $50M | $55M | $42M | $59M | $34M | $64M | $48M | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | · | · | $217M | $222M | $244M | · | $297M | |
| Receivables | · | · | · | · | $19M | · | · | · | · | · | · | $2M | · | · | · | · | |
| Prepaid Expense | $13M | $14M | $14M | $12M | $11M | $14M | $10M | $8M | $7M | $7M | · | $7M | $9M | $11M | · | $10M | |
| Current Assets | $456M | $554M | $607M | $441M | $515M | $564M | $619M | $456M | $450M | $251M | · | $268M | $290M | $288M | · | $355M | |
| PP&E (Net) | $20M | $22M | $22M | $20M | $19M | $18M | $18M | $17M | $19M | $18M | · | $17M | $18M | $18M | · | $17M | |
| PP&E (Gross) | $61M | $61M | $60M | $61M | $57M | $55M | $52M | $49M | $48M | $46M | · | $42M | $42M | $39M | · | $35M | |
| Accum. Depreciation | $41M | $40M | $38M | $41M | $39M | $37M | $35M | $32M | $30M | $28M | · | $25M | $23M | $21M | · | $18M | |
| Other Non-current Assets | $8M | $7M | $7M | $7M | $6M | $6M | $3M | $3M | $3M | $3M | · | $4M | $4M | $4M | · | $4M | |
| Total Assets | $536M | $636M | $688M | $522M | $592M | $615M | $669M | $514M | $511M | $313M | · | $308M | $351M | $370M | · | $459M | |
| Accounts Payable | $12M | $10M | $11M | $9M | $6M | $8M | $11M | $4M | $3M | $6M | · | $2M | $5M | $6M | · | $6M | |
| Current Liabilities | $72M | $92M | $86M | $82M | $76M | $90M | $96M | $86M | $81M | $88M | · | $61M | $72M | $65M | · | $68M | |
| Capital Leases | $55M | $55M | $53M | $53M | $47M | $20M | $20M | $21M | $21M | $22M | · | $3M | $4M | $5M | · | $8M | |
| Total Liabilities | $133M | $155M | $149M | $150M | $144M | $134M | $142M | $137M | $140M | $144M | · | $74M | $91M | $96M | · | $117M | |
| Common Stock | $104.0K | $103.0K | $102.0K | $77.0K | $76.0K | $76.0K | $76.0K | $67.0K | $64.0K | $49.0K | · | $49.0K | $48.0K | $47.0K | · | $47.0K | |
| Retained Earnings | $-1.18B | $-1.09B | $-1.00B | $-925M | $-839M | $-795M | $-739M | $-680M | $-631M | $-587M | · | $-503M | $-466M | $-442M | · | $-355M | |
| AOCI | $-145.0K | $56.0K | $105.0K | $119.0K | $-20.0K | $226.0K | $150.0K | $344.0K | $-135.0K | $-350.0K | · | $-1M | $-2M | $-3M | · | $-4M | |
| Stockholders' Equity | $403M | $481M | $539M | $372M | $448M | $481M | $527M | $377M | $371M | $169M | $200M | $234M | $260M | $274M | $304M | $343M | |
| Liabilities + Equity | $536M | $636M | $688M | $522M | $592M | $615M | $669M | $514M | $511M | $313M | · | $308M | $351M | $370M | · | $459M | |
| Shares Outstanding | 103,701,511 | 103,399,813 | 101,807,484 | 76,872,686 | 76,433,664 | 76,234,799 | 75,870,718 | 67,083,523 | 64,356,535 | 49,136,954 | · | 48,503,768 | 47,631,208 | 47,444,853 | · | 47,147,781 |
Cash Flow 10
| Metric | Trend | Q2 2026 | Q4 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | $2M | $2M | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Stock-based Comp | · | $9M | $9M | $10M | $10M | $9M | $9M | $9M | $9M | $8M | $8M | $8M | $9M | $8M | $8M | $7M | |
| Operating Cash Flow | · | $-72M | $-68M | $-57M | $-63M | $-61M | $-49M | $-42M | $-40M | $-42M | $27M | $-41M | $-18M | $-48M | $-38M | $-46M | |
| CapEx | · | $1M | $5M | $3M | $3M | $3M | $2M | $2M | $2M | $3M | $3M | $2M | $1M | $2M | $3M | $3M | |
| Investing Cash Flow | · | $-124M | $346.0K | $50M | $71M | $26M | $-141M | $-21M | $-131M | $36M | $-14M | $23M | $44M | $16M | $55M | $-63M | |
| Stock Issued | · | $18M | $0 | $0 | · | $0 | $199M | $42M | · | · | $0 | $0 | · | · | $0 | · | |
| Net Stock Activity | · | $18M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | · | $20M | $236M | $1M | $6.0K | $1M | $201M | $46M | $238M | $2M | $7.0K | $2M | $25.0K | $1M | $-135.0K | $115M | |
| Net Change in Cash | · | $-176M | $169M | $-6M | $8M | $-34M | $11M | $-18M | $67M | $-5M | $12M | $-17M | $25M | $-31M | $17M | $6M | |
| Free Cash Flow | · | $-73M | · | · | · | $-65M | · | · | · | $-45M | · | · | · | $-51M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q4 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -1041.7% | -1479.4% | · | -1157.6% | -109.7% | -340.7% | · | -433.8% | -401.4% | -272.7% | · | -216.7% | -87.2% | -338.6% | · | -432.9% | |
| Net Margin | -990.1% | -1394.3% | · | -1094.8% | -98.7% | -305.4% | · | -388.9% | -368.4% | -250.3% | · | -200.3% | -79.1% | -321.1% | · | -423.6% | |
| Pretax Margin | -993.1% | · | · | -1094.8% | -96.9% | -305.4% | · | -388.3% | -367.6% | -249.8% | · | · | · | · | · | -423.6% | |
| EBITDA Margin | -1041.7% | -1479.4% | · | -1157.6% | -109.7% | -340.7% | · | -433.8% | -401.4% | -272.7% | · | -216.7% | -87.2% | -338.6% | · | -432.9% | |
| ROA | -15.9% | · | · | -16.7% | -7.9% | -12.2% | · | -11.9% | -10.3% | -12.2% | · | -9.6% | -6.5% | -10.1% | · | -9.6% | |
| ROE | -21.1% | · | · | -23.1% | -10.6% | -17.3% | · | -16.0% | -14.1% | -18.8% | · | -12.8% | -9.2% | -14.1% | · | -12.7% | |
| ROIC | -23.3% | · | · | -24.6% | -11.0% | -13.1% | · | -14.5% | -13.1% | -26.9% | · | · | · | · | · | -13.6% |
Liquidity & Solvency 2
| Metric | Trend | Q2 2026 | Q4 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.3 | · | · | 5.4 | 6.8 | 6.3 | · | 5.3 | 5.6 | 2.9 | · | 4.4 | 4.0 | 4.4 | · | 5.3 | |
| Quick Ratio | 0.9 | · | · | 1.0 | 1.4 | 0.8 | · | 1.1 | 1.4 | 0.6 | · | 4.2 | 3.9 | 4.3 | · | 5.1 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q4 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | · | · | 0.0 | 0.1 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.1 | 0.0 | · | 0.0 | |
| Receivables Turnover | · | · | · | · | 4.1 | · | · | · | · | · | · | 18.5 | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q4 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $67M | $77M | · | · | $94M | $62M | · | $60M | $78M | $78M | · | $73M | $66M | $45M | · | $42M | |
| Net Income TTM | $-350M | $-273M | · | · | $-205M | $-206M | · | $-172M | $-147M | $-144M | · | $-148M | $-156M | $-174M | · | $-162M | |
| Market Cap | $1.84B | · | · | $718M | $812M | $1.18B | · | $1.69B | $1.01B | $607M | · | $412M | $482M | $447M | · | $742M | |
| P/E | -5.6 | -5.3 | · | · | -4.2 | -5.7 | · | -8.9 | -6.1 | -4.7 | · | -3.1 | -3.3 | -2.6 | · | -4.5 | |
| P/S | 27.4 | · | · | · | 8.7 | 19.1 | · | 28.3 | 13.0 | 7.7 | · | 5.7 | 7.3 | 10.0 | · | 17.6 | |
| P/B | 4.6 | · | · | 1.9 | 1.8 | 2.4 | · | 4.5 | 2.7 | 3.6 | · | 1.8 | 1.9 | 1.6 | · | 2.2 | |
| P / Tangible Book | 4.6 | · | · | 1.9 | 1.8 | 2.4 | · | 4.5 | 2.7 | 3.6 | · | 1.8 | 1.9 | 1.6 | · | 2.2 | |
| P / Cash Flow | · | · | · | · | · | -19.3 | · | · | · | -14.5 | · | · | · | -9.2 | · | · | |
| P / FCF | · | · | · | · | · | -18.2 | · | · | · | -13.5 | · | · | · | -8.8 | · | · | |
| Earnings Yield | -17.7% | -18.9% | · | · | -23.8% | -17.6% | · | -11.2% | -16.5% | -21.4% | · | -32.7% | -30.7% | -38.3% | · | -22.3% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | |
|---|---|---|---|---|---|
| Revenue | $84M | $55M | $77M | $39M | $30M |
| Operating Margin % | -340.2% | -390.5% | -201.4% | -476.0% | -396.3% |
| Net Income | $-264M | $-194M | $-144M | $-180M | $-117M |
| Diluted EPS | $-3.05 | $-2.88 | $-2.65 | $-3.71 | $-2.73 |
Balance Sheet
| 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | |
|---|---|---|---|---|---|
| Current Ratio | 7.0 | 6.5 | 3.4 | 4.5 | 4.7 |
| Quick Ratio | 2.9 | 1.1 | 0.6 | 4.4 | 4.6 |
Cash Flow
| 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-263M | $-182M | $-90M | $-172M | $-90M |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 226 filers · $2.2B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 54 (+10 vs prior Q) | 25 (-1 vs prior Q) | 62 (-2 vs prior Q) | 62 (+17 vs prior Q) | +2.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Vestal Point Capital, LP | $195,293,000 | 8,050,000 | 8.82% | Shares |
| Deep Track Capital, LP | $187,686,398 | 7,736,455 | 8.48% | Shares |
| Rubric Capital Management LP | $175,345,894 | 7,227,778 | 7.92% | Shares |
| STATE STREET CORP | $113,469,939 | 4,677,244 | 5.13% | Shares |
| BAKER BROS. ADVISORS LP | $113,016,569 | 4,658,556 | 5.11% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $109,061,534 | 4,495,529 | 4.93% | Shares |
| PERCEPTIVE ADVISORS LLC | $104,813,438 | 4,320,422 | 4.74% | Shares |
| Redmile Group, LLC | $98,830,073 | 4,073,787 | 4.46% | Shares |
| FMR LLC | $84,694,959 | 3,491,136 | 3.83% | Shares |
| GENERAL ATLANTIC, L.P. | $73,560,808 | 3,032,185 | 3.32% | Shares |
| Pictet Asset Management Holding SA | $57,040,888 | 2,351,232 | 2.58% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $52,905,876 | 2,180,298 | 2.39% | Shares |
| ARK Investment Management LLC | $43,502,930 | 1,793,196 | 1.97% | Shares |
| Capital World Investors | $43,374,842 | 1,787,916 | 1.96% | Shares |
| Trails Edge Capital Partners, LP | $38,166,318 | 1,573,220 | 1.72% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $35,974,208 | 1,482,861 | 1.63% | Shares |
| CITADEL ADVISORS LLC | $35,832,481 | 1,477,019 | 1.62% | Shares |
| Soleus Capital Management, L.P. | $35,544,854 | 1,465,163 | 1.61% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $32,319,487 | 1,332,213 | 1.46% | Shares |
| EVENTIDE ASSET MANAGEMENT, LLC | $31,486,884 | 1,297,893 | 1.42% | Shares |
| BRAIDWELL LP | $31,217,016 | 1,286,769 | 1.41% | Shares |
| Kynam Capital Management, LP | $28,984,805 | 1,194,757 | 1.31% | Shares |
| Woodline Partners LP | $25,812,786 | 1,064,006 | 1.17% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $23,858,788 | 983,462 | 1.08% | Shares |
| Amova Asset Management Americas, Inc. | $23,848,954 | 983,462 | 1.08% | Shares |
| Affinity Asset Advisors, LLC | $23,474,461 | 967,620 | 1.06% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $20,215,761 | 833,296 | 0.91% | Shares |
| BANK OF AMERICA CORP /DE/ | $18,139,784 | 747,724 | 0.82% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $17,576,564 | 724,508 | 0.79% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $16,650,560 | 686,338 | 0.75% | Shares |
| Rhenman & Partners Asset Management AB | $16,599,905 | 684,250 | 0.75% | Shares |
| GOLDMAN SACHS GROUP INC | $14,502,968 | 597,814 | 0.66% | Shares |
| Sofinnova Investments, Inc. | $12,714,617 | 524,098 | 0.57% | Shares |
| VANGUARD GROUP INC | $11,672,545 | 615,316 | 0.53% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $11,575,441 | 477,141 | 0.52% | Shares |
| Elmind Capital, LP | $11,159,600 | 460,000 | 0.50% | Shares |
| CITIGROUP INC | $9,312,201 | 383,850 | 0.42% | Shares |
| Candriam S.C.A. | $9,159,082 | 377,902 | 0.41% | Shares |
| Fisher Asset Management, LLC | $8,963,219 | 369,465 | 0.40% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $8,821,009 | 363,603 | 0.40% | Shares |
| FIRST TRUST ADVISORS LP | $8,754,172 | 360,848 | 0.40% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $8,262,422 | 340,578 | 0.37% | Shares |
| ArrowMark Colorado Holdings LLC | $7,636,126 | 314,762 | 0.34% | Shares |
| ADAR1 Capital Management, LLC | $7,599,105 | 313,236 | 0.34% | Shares |
| EcoR1 Capital, LLC | $6,550,200 | 270,000 | 0.30% | Shares |
| Foresite Capital Management V, LLC | $6,428,900 | 265,000 | 0.29% | Shares |
| Susquehanna Portfolio Strategies, LLC | $5,650,736 | 232,924 | 0.26% | Shares |
| MORGAN STANLEY | $5,379,121 | 221,728 | 0.24% | Shares |
| WestHill Financial Advisors, Inc. | $5,296,759 | 218,333 | 0.24% | Shares |
| HighVista Strategies LLC | $4,942,709 | 203,739 | 0.22% | Shares |
| Y-Intercept (Hong Kong) Ltd | $4,668,449 | 192,434 | 0.21% | Shares |
| TD Asset Management Inc | $4,617,745 | 190,344 | 0.21% | Shares |
| Abu Dhabi Investment Council Co P.J.S.C | $4,495,645 | 185,311 | 0.20% | Shares |
| D. E. Shaw & Co., Inc. | $4,477,207 | 184,551 | 0.20% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $4,316,121 | 177,911 | 0.19% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $4,096,471 | 168,857 | 0.19% | Shares |
| Alyeska Investment Group, L.P. | $3,350,840 | 138,122 | 0.15% | Shares |
| Cubist Systematic Strategies, LLC | $3,030,273 | 327,952 | 0.14% | Shares |
| Swiss National Bank | $3,020,370 | 124,500 | 0.14% | Shares |
| RHUMBLINE ADVISERS | $2,985,716 | 123,072 | 0.13% | Shares |
| DIADEMA PARTNERS LP | $2,948,536 | 121,539 | 0.13% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,906,348 | 119,800 | 0.13% | Call option |
| Burkehill Global Management, LP | $2,886,261 | 118,972 | 0.13% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $2,754,917 | 113,558 | 0.12% | Shares |
| PRUDENTIAL FINANCIAL INC | $2,750,356 | 113,370 | 0.12% | Shares |
| BlackRock, Inc. | $2,655,281 | 109,451 | 0.12% | Shares |
| Qube Research & Technologies Ltd | $2,638,445 | 108,757 | 0.12% | Shares |
| SEI INVESTMENTS CO | $2,608,193 | 107,510 | 0.12% | Shares |
| Boxer Capital Management, LLC | $2,426,000 | 100,000 | 0.11% | Shares |
| Phocas Financial Corp. | $2,416,029 | 99,589 | 0.11% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $2,366,975 | 97,567 | 0.11% | Shares |
| Jasper Ridge Partners, L.P. | $2,321,949 | 95,711 | 0.10% | Shares |
| Bank of New York Mellon Corp | $2,185,317 | 90,079 | 0.10% | Shares |
| EDMOND DE ROTHSCHILD HOLDING S.A. | $2,183,400 | 90,000 | 0.10% | Shares |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd | $2,180,610 | 89,885 | 0.10% | Shares |
| XTX Topco Ltd | $2,123,648 | 87,537 | 0.10% | Shares |
| Man Group plc | $2,076,244 | 85,583 | 0.09% | Shares |
| Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group | $2,062,100 | 85,000 | 0.09% | Shares |
| FLAX POND CAPITAL, LLC | $1,933,522 | 79,700 | 0.09% | Shares |
| Point72 Asset Management, L.P. | $1,772,654 | 73,069 | 0.08% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,724,995 | 111,290 | 0.08% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $1,686,531 | 69,519 | 0.08% | Shares |
| Rafferty Asset Management, LLC | $1,658,414 | 68,360 | 0.07% | Shares |
| Swedbank AB | $1,576,900 | 65,000 | 0.07% | Shares |
| Jain Global LLC | $1,568,676 | 64,661 | 0.07% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,535,151 | 99,042 | 0.07% | Shares |
| WESBANCO BANK INC | $1,521,102 | 62,700 | 0.07% | Shares |
| TEMA ETFS LLC | $1,453,576 | 76,625 | 0.07% | Shares |
| Polymer Capital Management (HK) LTD | $1,428,865 | 58,898 | 0.06% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,402,228 | 57,800 | 0.06% | Put option |
| Nuveen, LLC | $1,398,662 | 57,653 | 0.06% | Shares |
| MetLife Investment Management, LLC | $1,378,162 | 56,808 | 0.06% | Shares |
| JANE STREET GROUP, LLC | $1,234,834 | 50,900 | 0.06% | Call option |
| NEW YORK STATE COMMON RETIREMENT FUND | $1,207,663 | 49,780 | 0.05% | Shares |
| Verdad Advisers, LP | $1,201,137 | 49,511 | 0.05% | Shares |
| Mariner, LLC | $1,084,810 | 44,716 | 0.05% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,071,637 | 44,173 | 0.05% | Shares |
| CITADEL ADVISORS LLC | $994,660 | 41,000 | 0.04% | Call option |
| JPMORGAN CHASE & CO | $948,085 | 39,752 | 0.04% | Shares |
| Invesco Ltd. | $928,430 | 38,270 | 0.04% | Shares |
Company insiders 17 insiders · 5 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Arthur T Sands | President, CEO | Feb. 10, 2026 A | — | 0 | 0 | $0 |
| Hans Van Houte | Chief Financial Officer | Aug. 4, 2026 S | 40,166 | 0 | 3 | $-182,512 |
| Stefani Wolff | EVP and COO | April 30, 2023 M | 6,113 | 0 | 0 | $0 |
| Christine Ring | Chief Legal Officer | Aug. 3, 2026 M | 9,110 | 0 | 5 | $-1,447,360 |
| Pierre Beaurang | Chief Business Officer | Aug. 10, 2021 M | 4,330 | 0 | 0 | $0 |
| Edward C Saltzman | Director | May 4, 2023 A | — | 0 | 0 | $0 |
| David L. Lacey | Director | May 4, 2023 A | — | 0 | 0 | $0 |
| Lori Anne Kunkel | Director | May 4, 2023 A | — | 0 | 0 | $0 |
| Paul M Silva | Director | May 4, 2023 A | — | 0 | 0 | $0 |
| Clay B Siegall | Director | May 5, 2022 A | — | 0 | 0 | $0 |
| Jeffrey K Tong | Director | May 6, 2021 A | — | 0 | 0 | $0 |
| Robert Tjian | Director | July 28, 2020 C | 124,999 | 0 | 0 | $0 |
| Wellington Biomedical Innovation Master Investors (Cayman) I L.P. | 10% owner | July 28, 2020 C | 784,313 | 0 | 0 | $0 |
| Gwenn Hansen | — | Aug. 5, 2026 M | 117,227 | 0 | 5 | $-406,863 |
| Judith A Reinsdorf | — | May 15, 2026 A | — | 0 | 0 | $0 |
| Julia P Gregory | — | May 15, 2026 A | 10,750 | 0 | 0 | $0 |
| Leon Chen | — | May 6, 2021 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 50 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ARKG · ARK ETF Trust | 2.33% | 1,723,734 NS | April 30, 2026 | N-PORT |
| HEAL · Global X Funds | 1.62% | 22,874 NS | May 31, 2026 | N-PORT |
| BBC · ETFis Series Trust I | 0.65% | 14,473 NS | April 30, 2026 | N-PORT |
| LABU · Direxion Shares ETF Trust | 0.52% | 160,937 NS | April 30, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.35% | 221,752 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.12% | 89,337 NS | April 30, 2026 | N-PORT |
| BIB · ProShares Trust | 0.09% | 3,802 NS | May 31, 2026 | N-PORT |
| FFSM · FIDELITY COVINGTON TRUST | 0.08% | 60,514 NS | April 30, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.07% | 20,677 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.05% | 44,036 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.05% | 4,786 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.04% | 466,104 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.03% | 262,252 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.03% | 3,743 NS | May 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 0.02% | 34,589 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 11,173 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.02% | 3,786 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 4,239 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.01% | 14,076 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 95 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 8,470 NS | April 30, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 38,496 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 116,360 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 6,441 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 55,419 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 11,437 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 18,643 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 3,295 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| ITOT · iShares Trust | — | — | July 22, 2026 | Daily |
| IWV · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWN · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| IWO · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IBB · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWC · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | — | — | July 23, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | — | — | July 13, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |
| ISCB · iShares Trust | — | — | July 20, 2026 | Daily |
| ISCG · iShares Trust | — | — | July 21, 2026 | Daily |
| ISCV · iShares Trust | — | — | July 20, 2026 | Daily |
| SMLF · iShares Trust | — | — | Aug. 10, 2026 | Daily |
| WSML · iShares Trust | — | — | July 20, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | — | — | July 20, 2026 | Daily |