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
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 |
Growth estimates
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
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | -193.57M | -143.95M | -180.36M | -117.19M | -43.24M | -21.70M | -9.43M |
| Depreciation | 16.43M | 13.65M | 10.81M | 6.08M | 2.18M | 2.35M | 2.99M |
| Deferred Taxes | — | — | — | — | — | — | — |
| Stock-Based Compensation | 33.93M | 33.67M | 28.13M | 15.80M | 4.30M | 510,000 | 431,000 |
| Other Non-Cash Items | 286,000 | — | 201,000 | — | — | — | -6,000 |
| Accounts Receivable | — | — | 6.00M | -2.36M | -11.35M | — | 12.37M |
| Accounts Payable | 5.21M | 1.61M | 85,000 | 1.59M | 1.23M | 302,000 | -519,000 |
| Other Assets & Liabilities | -34.97M | 13.25M | -31.50M | 9.11M | 48.18M | 16.89M | -37.45M |
| Operating Cash Flow | -172.68M | -81.76M | -166.63M | -86.98M | 1.31M | -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 Investments | 459.51M | 323.04M | 278.81M | 245.91M | 25.37M | 19.50M | 54.50M |
| Investing Cash Flow | -257.71M | 68.30M | 27.20M | -108.25M | -254.40M | 8.50M | 39.99M |
| Financing Activities | |||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | — | — | — | — |
| Other Financing Charges | — | — | — | — | -7,000 | -16,000 | -2,000 |
| Financing Cash Flow | 478.50M | — | 19.40M | 150.16M | 338.05M | -16,000 | -2,000 |
| Other Cash Details | |||||||
| End Cash Position | 110.90M | 55.53M | 65.38M | 80.79M | 119.53M | 34.99M | 25.76M |
| Income Tax Paid | — | — | — | 481,000 | 1,000 | 1,000 | 1,000 |
| 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% |
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