NUVL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$103.05

Market Cap

—

P/E (TTM)

-17.2

EPS (TTM)

$-5.85

Revenue (TTM)

—

Div Yield

—

ROE

-38.9%

Debt/Equity

—

52W Range

$70 – $113

NUVL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income —

EPS $-5.85

2020-12-31 → 2025-12-31

Free Cash Flow —

Margins —

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

NUVL

Peer Median

P/E (TTM)

-17.2

26.3

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

NUVL

Peer Median

ROA

-33.3%

-24.9%

ROE

-38.9%

-42.1%

ROIC

-33.2%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

NUVL

Peer Median

Current Ratio

15.3

5.1

Quick Ratio

15.0

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

NUVL

Peer Median

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

NUVL

Peer Median

EPS (Diluted)

$-5.85

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

NUVL

Peer Median

NUVL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 25 analysts

Strong Buy 8 32.0%
Buy 16 64.0%
Hold 1 4.0%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

18 analysts · 2026-05-18

Median $141.00

← Below all targets $103.05

Low $116.00

High $165.00

Median target $141.00 +36.8%

Mean target $142.06 +37.9%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

-0.12%

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$-1.39	$-1.34	-0.05%
Dec. 31, 2025	$-1.58	$-1.51	-0.07%
Sept. 30, 2025	$-1.70	$-1.40	-0.30%
June 30, 2025	$-1.39	$-1.26	-0.13%
March 31, 2025	$-1.18	$-1.11	-0.07%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
NUVL	—	-17.2	—	—	-38.9%	—
KRYS	$7.20B	36.0	33.9%	52.6%	18.1%	—
IBRX	$2.00B	-5.2	668.3%	-310.2%	71.0%	—
HALO	$7.93B	26.3	37.5%	22.7%	166.1%	—
IMVT	$2.91B	-6.3	229.2%	—	-78.1%	—
PCVX	$6.05B	-8.2	—	—	-26.6%	—
CELC	$4.81B	-26.3	—	—	-244.3%	—

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14

Annual Income Statement data for NUVL
Metric	2025	2024	2023	2022	2021	2020
R&D Expense	$307M	$218M	$113M	$64M	$36M	$15M
SG&A Expense	$107M	$63M	$36M	$22M	$10M	$2M
Operating Expenses	$414M	$280M	$149M	$86M	$46M	$17M
Operating Income	$-414M	$-280M	$-149M	$-86M	$-46M	$-17M
Interest Income	$45M	$38M	$23M	$4M	·	·
Other Non-op	$-10M	$20M	$23M	$4M	$-521.0K	$-35.0K
Pretax Income	$-425M	$-260M	$-126M	$-82M	·	·
Income Tax	$585.0K	$764.0K	$0	$0	·	·
Net Income	$-425M	$-261M	$-126M	$-82M	$-46M	$-15M
EPS (Basic)	$-5.85	$-3.93	$-2.17	$-1.65	$-2.13	$-5.08
EPS (Diluted)	$-5.85	$-3.93	$-2.17	$-1.65	$-2.13	$-5.08
Shares (Basic)	72,686,749	66,408,807	58,223,339	49,668,864	21,783,754	2,867,221
Shares (Diluted)	72,686,749	66,408,807	58,223,339	49,668,864	21,783,754	2,867,221
EBITDA	$-414M	$-280M	$-149M	$-86M	$-46M	·

Balance Sheet 16

Annual Balance Sheet data for NUVL
Metric	2025	2024	2023	2022	2021	2020
Cash & Equivalents	$262M	$146M	$335M	$242M	$69M	$10M
Short-term Investments	$1.11B	$973M	$385M	$230M	$220M	$0
Prepaid Expense	$20M	$14M	$7M	$6M	$3M	$314.0K
Current Assets	$1.39B	$1.13B	$726M	$478M	$291M	$11M
Other Non-current Assets	$20M	$9M	$6M	$4M	$3M	·
Total Assets	$1.41B	$1.14B	$732M	$482M	$294M	$11M
Accounts Payable	$30M	$5M	$9M	$7M	$3M	$1M
Accrued Liabilities	·	$49M	$23M	$12M	$6M	$1M
Current Liabilities	$91M	$54M	$32M	$19M	$9M	$4M
Other Non-current Liabilities	$35.0K	$0	·	·	·	·
Total Liabilities	$164M	$72M	$32M	$19M	$9M	$7M
Retained Earnings	$-972M	$-547M	$-286M	$-160M	$-78M	$-32M
AOCI	$2M	$-59.0K	$31.0K	$-494.0K	$-228.0K	·
Stockholders' Equity	$1.25B	$1.07B	$701M	$463M	$285M	$-31M
Liabilities + Equity	$1.41B	$1.14B	$732M	$482M	$294M	$11M
Shares Outstanding	·	·	·	·	·	3,129,384

Cash Flow 7

Annual Cash Flow data for NUVL
Metric	2025	2024	2023	2022	2021	2020
Stock-based Comp	$87M	$61M	$26M	$10M	$4M	$729.0K
Operating Cash Flow	$-275M	$-185M	$-100M	$-65M	$-40M	$-15M
Investing Cash Flow	$-124M	$-574M	$-144M	$-11M	$-220M	·
Stock Issued	$516M	$570M	$338M	$250M	$177M	·
Net Stock Activity	$516M	$570M	$324M	$249M	·	·
Financing Cash Flow	$515M	$569M	$337M	$249M	$318M	$22M
Net Change in Cash	$116M	$-190M	$94M	$173M	$58M	$7M

Profitability 3

Annual Profitability data for NUVL
Metric	2025	2024	2023	2022	2021	2020
ROA	-33.3%	-27.8%	-20.8%	-21.1%	-30.4%	·
ROE	-38.9%	-23.8%	-23.0%	-23.4%	-15.8%	·
ROIC	-33.2%	-26.3%	·	·	·	·

Liquidity & Solvency 2

Annual Liquidity & Solvency data for NUVL
Metric	Trend	2025	2024	2023	2022	2021	2020
Current Ratio		15.3	21.0	22.8	24.5	33.1	·
Quick Ratio		15.0	20.7	22.6	24.2	32.8	·

Per Share 2

Annual Per Share data for NUVL
Metric	Trend	2025	2024	2023	2022	2021	2020
Cash Flow / Share		$-3.79	$-2.79	$-1.71	$-1.31	$-1.84	·
EPS (TTM)		$-5.85	$-3.93	$-2.17	$-1.65	$-2.13	·

Valuation (TTM) 4

Annual Valuation (TTM) data for NUVL
Metric	2025	2024	2023	2022	2021	2020
Revenue TTM	$30M	$30M	·	·	·	·
Net Income TTM	$-425M	$-261M	$-126M	$-82M	$-46M	·
P/E	-17.2	-19.9	-33.9	-18.0	-8.9	·
Earnings Yield	-5.8%	-5.0%	-2.9%	-5.5%	-11.2%	·

Income Statement 14

Quarterly Income Statement data for NUVL
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q4 2021
R&D Expense	$84M	$68M	$84M	$81M	$74M	$69M	$61M	$49M	$39M	$30M	$26M	$22M	$15M	$14M	$13M	$13M
SG&A Expense	$36M	$34M	$29M	$24M	$20M	$17M	$16M	$16M	$14M	$9M	$8M	$8M	$6M	$5M	$5M	$4M
Operating Expenses	$119M	$102M	$113M	$105M	$95M	$86M	$76M	$65M	$53M	$39M	$34M	$30M	$20M	$19M	$18M	$17M
Operating Income	$-119M	$-102M	$-113M	$-105M	$-95M	$-86M	$-76M	$-65M	$-53M	$-39M	$-34M	$-30M	$-20M	$-19M	$-18M	$-17M
Interest Income	$13M	$12M	$10M	$11M	$12M	$13M	$9M	$8M	$8M	·	·	·	·	·	·	·
Other Non-op	$10M	$-16M	$-10M	$5M	$10M	$12M	$-8M	$8M	$8M	$5M	$5M	$5M	$672.0K	$267.0K	$139.0K	$-546.0K
Pretax Income	$-109M	$-119M	$-122M	$-100M	$-84M	$-75M	$-84M	$-57M	$-44M	$-34M	$-29M	$-25M	·	·	·	·
Income Tax	$168.0K	$151.0K	$132.0K	$145.0K	$157.0K	$171.0K	$40.0K	$170.0K	$383.0K	$0	·	·	·	·	·	·
Net Income	$-109M	$-119M	$-122M	$-100M	$-85M	$-75M	$-84M	$-57M	$-44M	$-34M	$-29M	$-25M	$-20M	$-18M	$-18M	$-17M
EPS (Basic)	$-1.39	$-1.58	$-1.70	$-1.39	$-1.18	$-1.08	$-1.28	$-0.88	$-0.69	$-0.59	$-0.51	$-0.44	$-0.41	$-0.38	$-0.36	$3.63
EPS (Diluted)	$-1.39	$-1.58	$-1.70	$-1.39	$-1.18	$-1.08	$-1.28	$-0.88	$-0.69	$-0.59	$-0.51	$-0.44	$-0.41	$-0.38	$-0.36	$3.63
Shares (Basic)	78,670,371	-142,908,037	72,143,466	71,843,774	71,607,546	-128,025,782	65,678,693	64,605,308	64,150,588	57,091,394	56,866,991	56,703,873	48,410,514	48,319,067	48,284,778	-16,473,496
Shares (Diluted)	78,670,371	-142,908,037	72,143,466	71,843,774	71,607,546	-128,025,782	65,678,693	64,605,308	64,150,588	57,091,394	56,866,991	56,703,873	48,410,514	48,319,067	48,284,778	-16,473,496
EBITDA	$-119M	·	$-113M	$-105M	$-95M	·	$-76M	$-65M	$-53M	$-39M	$-34M	$-30M	$-20M	$-19M	$-18M	·

Balance Sheet 15

Quarterly Balance Sheet data for NUVL
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Cash & Equivalents	$160M	$262M	$116M	$127M	$121M	$146M	$369M	$78M	$99M	$88M	$71M	$90M	$76M	$76M	$67M	$69M
Short-term Investments	$1.13B	$1.11B	$827M	$878M	$952M	$973M	$799M	$580M	$593M	$325M	$360M	$360M	$164M	$181M	$205M	$220M
Prepaid Expense	$20M	$20M	$14M	$14M	$13M	$14M	$11M	$8M	$8M	$7M	$6M	$6M	$5M	$2M	$2M	$3M
Current Assets	$1.31B	$1.39B	$957M	$1.02B	$1.09B	$1.13B	$1.18B	$666M	$699M	$420M	$437M	$456M	$245M	$259M	$274M	$291M
Other Non-current Assets	$23M	$20M	$23M	$21M	$19M	$9M	$9M	$9M	$9M	$5M	$5M	$5M	$4M	$4M	$3M	$3M
Total Assets	$1.33B	$1.41B	$980M	$1.04B	$1.11B	$1.14B	$1.19B	$675M	$708M	$425M	$442M	$461M	$250M	$263M	$277M	$294M
Accounts Payable	$22M	$30M	$22M	$13M	$26M	$5M	$16M	$7M	$13M	$10M	$8M	$6M	$5M	$4M	$4M	$3M
Accrued Liabilities	·	·	·	·	·	·	$35M	$31M	$20M	$19M	$13M	$11M	$8M	$6M	$4M	$6M
Current Liabilities	$81M	$91M	$89M	$75M	$75M	$54M	$51M	$38M	$33M	$29M	$21M	$17M	$13M	$10M	$8M	$9M
Other Non-current Liabilities	$0	$35.0K	$140.0K	$244.0K	$345.0K	$0	·	·	·	·	·	·	·	·	·	·
Total Liabilities	$157M	$164M	$135M	$101M	$95M	$72M	$68M	$38M	$33M	$29M	$21M	$17M	$13M	$10M	$8M	$9M
Retained Earnings	$-1.08B	$-972M	$-854M	$-731M	$-632M	$-547M	$-472M	$-388M	$-331M	$-248M	$-214M	$-185M	$-134M	$-114M	$-96M	$-78M
AOCI	$-1M	$2M	$2M	$1M	$854.0K	$-59.0K	$1M	$-2M	$-1M	$-1M	$-2M	$-302.0K	$-866.0K	$-1M	$-1M	$-228.0K
Stockholders' Equity	$1.17B	$1.25B	$845M	$940M	$1.01B	$1.07B	$1.12B	$637M	$675M	$396M	$421M	$444M	$237M	$253M	$269M	$285M
Liabilities + Equity	$1.33B	$1.41B	$980M	$1.04B	$1.11B	$1.14B	$1.19B	$675M	$708M	$425M	$442M	$461M	$250M	$263M	$277M	$294M

Cash Flow 7

Quarterly Cash Flow data for NUVL
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Stock-based Comp	$29M	$22M	$22M	$22M	$20M	$16M	$15M	$15M	$14M	$7M	$6M	$5M	$3M	$2M	$2M	$1M
Operating Cash Flow	$-92M	$-73M	$-70M	$-77M	$-55M	$-62M	$-46M	$-41M	$-36M	$-23M	$-22M	$-24M	$-18M	$-15M	$-14M	$-13M
Investing Cash Flow	$-19M	$-281M	$54M	$77M	$25M	$-170M	$-213M	$16M	$-207M	$38M	$2M	$-127M	$18M	$24M	$13M	$-163M
Stock Issued	$10M	$501M	$5M	$6M	$5M	$9M	$550M	$4M	$6M	$1M	$2M	$619.0K	·	·	·	·
Net Stock Activity	$10M	·	·	·	$5M	·	·	·	$6M	·	·	·	·	·	·	·
Financing Cash Flow	$10M	$500M	$5M	$6M	$5M	$8M	$550M	$4M	$6M	$2M	$1M	$-17.0K	$1M	$5.0K	$-768.0K	$-944.0K
Net Change in Cash	$-102M	$146M	$-12M	$7M	$-25M	$-224M	$292M	$-21M	$-237M	$18M	$-19M	$-152M	$398.0K	$9M	$-1M	$-177M

Profitability 7

Quarterly Profitability data for NUVL
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Operating Margin	·	·	·	·	·	·	-877.4%	-804.3%	-618.7%	·	·	·	·	·	·	·
Net Margin	·	·	·	·	·	·	-969.5%	-705.8%	-523.3%	·	·	·	·	·	·	·
Pretax Margin	·	·	·	·	·	·	-969.0%	-703.6%	-518.8%	·	·	·	·	·	·	·
EBITDA Margin	·	·	·	·	·	·	-877.4%	-804.3%	-618.7%	·	·	·	·	·	·	·
ROA	-9.0%	·	-11.3%	-11.6%	-9.3%	·	-10.4%	-10.2%	-7.6%	-10.0%	-8.2%	-6.8%	-7.1%	-9.1%	-12.7%	·
ROE	-10.0%	·	-12.4%	-12.6%	-10.0%	·	-11.1%	-10.8%	-8.0%	-10.6%	-8.6%	-7.1%	-7.3%	-18.0%	-13.1%	·
ROIC	-10.2%	·	-13.3%	-11.1%	-9.4%	·	-6.8%	-10.3%	-7.9%	·	·	·	·	·	·	·

Liquidity & Solvency 2

Quarterly Liquidity & Solvency data for NUVL
Metric	Trend	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Current Ratio		16.1	·	10.7	13.6	14.5	·	23.1	17.4	20.9	14.4	21.0	26.8	18.9	25.8	33.8	·
Quick Ratio		15.9	·	10.6	13.4	14.3	·	22.8	17.2	20.7	14.2	20.7	26.5	18.5	25.6	33.6	·

Efficiency 1

Quarterly Efficiency data for NUVL
Metric	Trend	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Asset Turnover		·	·	·	·	·	·	0.0	0.0	0.0	·	·	·	·	·	·	·

Per Share 3

Quarterly Per Share data for NUVL
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Revenue / Share	·	·	·	·	·	·	$0.13	$0.13	$0.13	·	·	·	·	·	·	·
Cash Flow / Share	$-1.17	·	·	·	$-0.77	·	·	·	$-0.56	·	·	$-0.43	·	·	$-0.28	·
EPS (TTM)	$-5.66	·	$-5.55	$-4.73	$-4.03	·	$-3.44	$-2.67	$-2.23	$-1.95	$-1.74	$-1.59	$-1.54	$-4.30	$-6.12	·

Valuation (TTM) 4

Quarterly Valuation (TTM) data for NUVL
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Revenue TTM	$30M	·	$30M	$30M	$30M	·	$30M	$27M	$24M	·	·	·	·	·	·	·
Net Income TTM	$-416M	·	$-391M	$-326M	$-271M	·	$-220M	$-164M	$-132M	$-108M	$-92M	$-81M	$-68M	$-58M	$-47M	·
P/E	-18.1	·	-15.6	-16.1	-17.6	·	-29.7	-28.4	-33.7	-23.6	-24.2	-16.4	-12.6	-3.2	-2.3	·
Earnings Yield	-5.5%	·	-6.4%	-6.2%	-5.7%	·	-3.4%	-3.5%	-3.0%	-4.2%	-4.1%	-6.1%	-7.9%	-31.7%	-44.1%	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Net Income	$-425M	$-261M	$-126M	$-82M	$-46M
Diluted EPS	$-5.85	$-3.93	$-2.17	$-1.65	$-2.13

Balance Sheet

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Current Ratio	15.3	21.0	22.8	24.5	33.1
Quick Ratio	15.0	20.7	22.6	24.2	32.8

Latest News Recent headlines mentioning this company

Nuvalent Announces NDA Submission For Neladalkib Nasdaq · 1 month, 1 week ago

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NUVL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

NUVL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

Moving averages & overlays

Volume

Oscillators

Momentum & trend

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

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

NUVL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Peer Comparison Key metrics vs sector peers

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Latest News Recent headlines mentioning this company

My Metrics Your personal watchlist — selected rows from Full Fundamentals