Nurix Therapeutics, Inc.

Description

Nurix Therapeutics, Inc., a clinical stage biopharmaceutical company, focuses on the discovery, development, and commercialization of small molecule and cell therapies for the treatment of cancer, inflammatory conditions, and other diseases. The company develops NX-2127, an orally bioavailable Bruton's tyrosine kinase (BTK) degrader for the treatment of relapsed or refractory B-cell malignancies; NX-5948, an orally bioavailable BTK degrader for the treatment of relapsed or refractory B-cell malignancies and autoimmune diseases; and NX-1607, an orally bioavailable Casitas B-lineage lymphoma proto-oncogene-B (CBL-B) inhibitor for immuno-oncology indications. It is also developing NX-0479/GS-6791, a IRAK4 degrader for the treatment of rheumatoid arthritis and other inflammatory diseases. The company has a strategic collaboration agreement with Gilead Sciences, Inc., Sanofi S.A., and Seagen Inc. co-development and co-commercialization for multiple drug candidates. The company was formerly known as Nurix Inc. and changed its name to Nurix Therapeutics, Inc. in October 2018. Nurix Therapeutics, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

About

CEO
Dr. Arthur T. Sands M.D., Ph.D.
Employees
284
Instrument type
Common Stock
Sector
Healthcare
Industry
Biotechnology
MIC code
XNMS
Address
1700 Owens Street, San Francisco, CA 94158, United States
Phone
415 660 5320
Website
Chart Image
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Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Oct 9, 2025
Jul 9, 2025
Apr 8, 2025
Feb 13, 2025 -0.67
Oct 12, 2024 -0.71 -0.67 0.04 -5.63%

Earnings estimate

Next Quarter
(Feb 2025)
Next Year
(Nov 2025)
Number of analysts 8 13
Average estimate -0.68 -2.74
Low estimate -0.76 -3.33
High estimate -0.62 -1.96
Last year EPS -0.76 -2.77
[stock_revenue_estimate]

Growth estimates

Current qtr
1.640%
Next qtr. (Feb 2025)
-6.640%
Current year
-7.400%
Next year (Nov 2025)
-2.690%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Feb 3, 2025
Morgan Stanley
Terence Flynn
Maintains Equal-Weight ▲ Raises $16 → $17
Jan 29, 2025
Needham
Gil Blum
Maintains Buy ▼ Lowers $29 → $28
Jan 29, 2025
RBC Capital
Gregory Renza
Maintains Outperform ▲ Raises $26 → $27
Jan 29, 2025
HC Wainwright & Co.
Robert Burns
Maintains Buy ▲ Raises $35 → $36
Jan 29, 2025
Stifel
Stephen Willey
Maintains Buy ▲ Raises $34 → $36
Jan 29, 2025
JP Morgan
Eric Joseph
Maintains Overweight ▼ Lowers $31 → $30
Jan 21, 2025
Stephens & Co.
Sudan Loganathan
Reiterates Overweight Maintains $31
Dec 11, 2024
HC Wainwright & Co.
Robert Burns
Maintains Buy ▲ Raises $30 → $35
Dec 10, 2024
BTIG
Jeet Mukherjee
Initiates Buy Announces $35
Dec 10, 2024
Needham
Gil Blum
Reiterates Buy Maintains $29
Dec 6, 2024
BMO Capital
Etzer Darout
Initiates Outperform Announces $35
Nov 6, 2024
Needham
Gil Blum
Reiterates Buy Maintains $29
Oct 24, 2024
UBS
David Dai
Initiates Buy Announces $35
Oct 21, 2024
Needham
Gil Blum
Reiterates Buy Maintains $29
Oct 21, 2024
HC Wainwright & Co.
Robert Burns
Maintains Buy ▲ Raises $26 → $30
Oct 14, 2024
RBC Capital
Gregory Renza
Maintains Outperform ▼ Lowers $27 → $26
Oct 14, 2024
Needham
Gil Blum
Reiterates Buy Maintains $29
Oct 14, 2024
Stephens & Co.
Sudan Loganathan
Reiterates Overweight Maintains $31
Oct 11, 2024
Jefferies
Roger Song
Initiates Buy Announces $41
Sep 4, 2024
Oppenheimer
Mark Breidenbach
Maintains Outperform ▲ Raises $27 → $30
Aug 14, 2024
Oppenheimer
Mark Breidenbach
Maintains Outperform ▲ Raises $25 → $27
Jul 31, 2024
Truist Securities
Srikripa Devarakonda
Initiates Buy Announces $36
Jul 15, 2024
JP Morgan
Eric Joseph
Maintains Overweight ▲ Raises $31 → $34
Jul 15, 2024
Barclays
Peter Lawson
Maintains Overweight ▲ Raises $20 → $31
Jul 12, 2024
Needham
Gil Blum
Maintains Buy ▼ Lowers $31 → $29
Jul 12, 2024
RBC Capital
Gregory Renza
Maintains Outperform ▲ Raises $26 → $27
Jun 27, 2024
RBC Capital
Gregory Renza
Maintains Outperform ▲ Raises $23 → $26
Jun 18, 2024
HC Wainwright & Co.
Robert Burns
Maintains Buy ▲ Raises $19 → $26
Jun 17, 2024
Needham
Gil Blum
Reiterates Buy Maintains $31
Jun 17, 2024
JP Morgan
Eric Joseph
Maintains Overweight ▲ Raises $30 → $31

Income statement

2024 2023 2022 2021 2020
Fiscal date 2024-11-30 2023-11-30 2022-11-30 2021-11-30 2020-11-30
Total reported revenue 54.55M 76.99M 38.63M 29.75M 17.82M
Cost of revenue
Gross profit
Operating expense
Research & development 221.63M 189.15M 184.50M 116.43M 66.49M
Selling general and admin 45.94M 42.90M 38.00M 31.20M 16.31M
Other operating expenses
Operating income -213.03M -155.06M -183.87M -117.89M -64.98M
Non operating interest income
Income 19.73M 11.12M 3.51M 823,000 1.21M
Expense
Other income expense
Pretax income -193.30M -143.95M -180.36M -117.06M -63.78M
Tax provision 270,000 131,000 -20.54M
Net income -193.57M -143.95M -180.36M -117.19M -43.24M
Basic EPS -2.65 -3.71 -2.73 -2.76
Diluted EPS -2.65 -3.71 -2.73 -2.76
Basic average shares 54.34M 48.61M 42.90M 15.67M
Diluted average shares 54.34M 48.61M 42.90M 15.67M
EBITDA -196.60M -141.41M -173.06M -111.80M -62.80M
Net income from continuing op. -193.57M -143.95M -180.36M -117.19M -43.24M
Minority interests
Preferred stock dividends

Balance sheet

2024 2023 2022 2021 2020
Fiscal date 2024-11-30 2023-11-30 2022-11-30 2021-11-30 2020-11-30
Total assets 669.34M 355.60M 416.76M 476.77M 396.34M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 110.00M 54.63M 64.47M 80.51M 119.36M
Other short term investments 499.59M 233.28M 244.67M 215.21M 161.79M
Accounts receivable 6.00M
Other receivables 7.50M
Inventory
Prepaid assets 9.19M 5.94M
Restricted cash
Assets held for sale
Hedging assets
Other current assets 9.80M 7.60M 9.31M 9.19M 5.94M
Non current assets
Properties 67.17M 63.38M 38.73M 32.33M 14.12M
Land and improvements
Machinery furniture equipment 7.59M 6.99M 5.93M 4.32M 3.07M
Construction in progress 497,000 587,000 697,000 491,000
Leases 5.14M 3.24M 3.83M 3.08M 2.66M
Accumulated depreciation -34.50M -26.25M -19.67M -14.88M -13.18M
Goodwill
Investment properties
Financial assets
Intangible assets
Investments and advances 7.42M 63.88M 137.19M 90.89M
Other non current assets 4.06M 4.72M 4.92M 3.12M 347,000
Total liabilities 142.35M 155.11M 113.06M 134.47M 106.07M
Current liabilities
Accounts payable 11.48M 6.40M 5.06M 6.65M 3.41M
Accrued expenses 17.85M 8.89M 7.68M 4.96M 1.83M
Short term debt 8.01M 7.49M 5.53M 3.85M
Deferred revenue 38.36M 48.10M 37.63M 41.21M 32.80M
Tax payable 1.24M 30,000 85,000 75,000 74,000
Pensions 16.63M 15.30M 13.16M 8.85M 5.73M
Other current liabilities 2.28M 751,000 1.50M 659,000 700,000
Non current liabilities
Long term debt 20.29M 23.13M 6.43M 9.19M
Provision for risks and charges
Deferred liabilities
Derivative product liabilities
Other non current liabilities 850,000
Shareholders equity
Common stock 76,000 49,000 47,000 45,000 39,000
Retained earnings -738.77M -545.20M -401.25M -220.89M -103.70M
Other shareholders equity 150,000 -655,000 -4.32M -608,000 87,000
Total shareholders equity 526.99M 200.49M 303.70M 342.30M 290.27M
Additional paid in capital 1.27B 746.30M 709.22M 563.76M 393.84M
Treasury stock
Minority interest

Cash flow statement

2024202320222021202020192018
Operating Activities
Net Income-193.57M-143.95M-180.36M-117.19M-43.24M-21.70M-9.43M
Depreciation16.43M13.65M10.81M6.08M2.18M2.35M2.99M
Deferred Taxes
Stock-Based Compensation33.93M33.67M28.13M15.80M4.30M510,000431,000
Other Non-Cash Items286,000201,000-6,000
Accounts Receivable6.00M-2.36M-11.35M12.37M
Accounts Payable5.21M1.61M85,0001.59M1.23M302,000-519,000
Other Assets & Liabilities-34.97M13.25M-31.50M9.11M48.18M16.89M-37.45M
Operating Cash Flow-172.68M-81.76M-166.63M-86.98M1.31M-1.65M-31.61M
Investing Activities
Capital Expenditures-9.27M-8.40M-12.24M-5.66M-4.55M-1.65M-1.59M
Net Intangibles
Net Acquisitions
Purchase of Investments-707.95M-246.33M-239.37M-348.50M-275.22M-9.35M-12.92M
Sale of Investments459.51M323.04M278.81M245.91M25.37M19.50M54.50M
Investing Cash Flow-257.71M68.30M27.20M-108.25M-254.40M8.50M39.99M
Financing Activities
Long-Term Debt Issuance
Long-Term Debt Payments
Other Financing Charges-7,000-16,000-2,000
Financing Cash Flow478.50M19.40M150.16M338.05M-16,000-2,000
Other Cash Details
End Cash Position110.90M55.53M65.38M80.79M119.53M34.99M25.76M
Income Tax Paid481,0001,0001,0001,000
Interest Paid
Free Cash Flow-181.86M-89.77M-172.05M-90.03M-4.63M-1.05M-33.27M

Top Institutional Holders

Holder Date Reported Shares Value % Held
Vanguard Total Stock Market Index Fund Sep 30, 2024 2,128,355 40.86M 2.80%
iShares Russell 2000 ETF Nov 30, 2024 1,790,843 34.38M 2.36%
ARK ETF Tr-ARK Genomic Revolution ETF Nov 30, 2024 1,644,368 31.57M 2.17%
Price (T.Rowe) New Horizons Fund Sep 30, 2024 1,453,367 27.90M 1.92%
Fidelity Select Portfolios - Health Care Nov 30, 2024 1,285,000 24.67M 1.69%
Fidelity Select Portfolios - Biotechnology Nov 30, 2024 1,141,946 21.93M 1.50%
Fidelity Advisor Biotechnology Fund Nov 30, 2024 1,036,600 19.90M 1.37%
SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF Nov 30, 2024 1,021,783 19.62M 1.35%
Vanguard Extended Market Index Fund Sep 30, 2024 909,285 17.46M 1.20%
Fidelity Advisor Health Care Fund Nov 30, 2024 800,000 15.36M 1.05%
Nurix Therapeutics to Participate in the Oppenheimer 35th Annual Healthcare Life Sciences Conference Article
Nurix Therapeutics to Participate in the Oppenheimer 35th Annual Healthcare Life Sciences Conference
SAN FRANCISCO, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Nurix Therapeutics, Inc. (Nasdaq: NRIX), a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of targeted protein degradation medicines, the next frontier in innovative drug design aimed at improving treatment options for patients with cancer and inflammatory diseases, today announced that Arthur T. Sands, M.D., Ph.D., president and chief executive officer of Nurix, will participate in a fireside chat at the Oppenheimer 35th Annual Healthcare Life Sciences Conference on Tuesday, February 11, 2025, at 12:40 p.m. ET.
GlobeNewsWire Neutral
Feb 4, 2025
Nurix Therapeutics, Inc. (NRIX) Reports Q4 Loss, Lags Revenue Estimates Article
Nurix Therapeutics, Inc. (NRIX) Reports Q4 Loss, Lags Revenue Estimates
Nurix Therapeutics, Inc. (NRIX) came out with a quarterly loss of $0.75 per share versus the Zacks Consensus Estimate of a loss of $0.67. This compares to loss of $0.77 per share a year ago.
Zacks Investment Research Negative
Jan 28, 2025
Nurix Therapeutics Reports Fourth Quarter and Fiscal Year 2024 Financial Results and Provides a Corporate Update Article
Nurix Therapeutics Reports Fourth Quarter and Fiscal Year 2024 Financial Results and Provides a Corporate Update
R eported a robust objective response rate of 75.5% from the Phase 1 study of NX-5948 in patients with relapsed/refractory CLL/SLL at the 66 th American Society of Hematology Annual Meeting
GlobeNewsWire Neutral
Jan 28, 2025
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