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Nurix Therapeutics
(NASDAQ:NRIX)
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Rating:59Neutral
Price Target:
$27.00
▲(15.48% Upside)
Action:Reiterated
Date:07/10/26
The score is held back primarily by weak financial performance (shrinking revenue, widening losses, and substantial cash burn), partially offset by a strong technical uptrend and highly favorable corporate developments (Roche partnership and encouraging clinical data). Valuation remains constrained by negative earnings and no stated dividend support.
Positive Factors
Large Roche collaboration strengthens funding and commercialization capacity
A major Roche alliance with $700M upfront and up to $2.3B in payments materially de-risks financing and grants Nurix access to Roche's development, manufacturing and global commercial infrastructure. This structurally accelerates late-stage programs and reduces sole-company execution burden.
Negative Factors
Persistent high cash burn and negative free cash flow
Sustained operating and free cash outflows near $300M TTM indicate heavy cash consumption to fund R&D and trials. Ongoing negative cash generation increases dependency on external financing or milestone receipts, elevating dilution and execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Large Roche collaboration strengthens funding and commercialization capacity
A major Roche alliance with $700M upfront and up to $2.3B in payments materially de-risks financing and grants Nurix access to Roche's development, manufacturing and global commercial infrastructure. This structurally accelerates late-stage programs and reduces sole-company execution burden.
Read all positive factors
Nurix Therapeutics Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue by different business segments, highlighting which areas are driving growth and which may need strategic adjustments. This insight helps assess the company's diversification and focus.
Breaks down revenue by different business segments, highlighting which areas are driving growth and which may need strategic adjustments. This insight helps assess the company's diversification and focus.
Data provided by:
The Fly
The FlyNurix Therapeutics (NRIX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.41B
Dividend YieldN/A
Average Volume (3M)1.94M
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue Growth-58.40%
EPS Growth-31.99%
CountryUS
Employees317
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-3.45
Shares Outstanding103,781,685
10 Day Avg. Volume1,099,332
30 Day Avg. Volume1,935,677
Financial Highlights & Ratios
PEG Ratio-0.94
Price to Book (P/B)2.72
Price to Sales (P/S)17.45
P/FCF Ratio-5.56
Enterprise Value/Market Cap0.61
Enterprise Value/Revenue40.02
Enterprise Value/Gross Profit-24.18
Enterprise Value/Ebitda-4.60
Forecast
1Y Price Target
$34.08Price Target Upside45.75% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)-2.75
Revenue Forecast (FY)$56.80M
Nurix Therapeutics Business Overview & Revenue Model
Company Description
Nurix Therapeutics, Inc., a clinical stage biopharmaceutical company, focuses on the discovery, development, and commercialization of small molecule and antibody therapies for the treatment of cancer, inflammatory conditions, and other diseases. T...
How the Company Makes Money
Nurix makes money primarily through (1) collaboration and licensing arrangements with larger pharmaceutical companies and (2) to a lesser extent, other operating revenue tied to those collaborations; it does not have meaningful commercial product ...
Nurix Therapeutics Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
26
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.77M | 83.98M | 54.55M | 76.99M | 38.63M | 29.75M |
| Gross Profit | -60.85M | 65.12M | -167.08M | -112.16M | -145.87M | -86.68M |
| EBITDA | -319.73M | -244.84M | -185.28M | -137.81M | -176.21M | -115.07M |
| Net Income | -341.35M | -264.46M | -193.57M | -143.95M | -180.36M | -117.19M |
Balance Sheet | ||||||
| Total Assets | 535.54M | 688.13M | 669.34M | 355.60M | 416.76M | 476.77M |
| Cash, Cash Equivalents and Short-Term Investments | 443.53M | 592.94M | 609.58M | 287.91M | 309.14M | 295.72M |
| Total Debt | 58.14M | 55.73M | 28.30M | 30.61M | 11.96M | 13.04M |
| Total Liabilities | 132.91M | 149.39M | 142.35M | 155.10M | 113.06M | 134.47M |
| Stockholders Equity | 402.63M | 538.75M | 526.99M | 200.49M | 303.70M | 342.30M |
Cash Flow | ||||||
| Free Cash Flow | -304.53M | -263.47M | -181.86M | -89.77M | -172.05M | -90.03M |
| Operating Cash Flow | -293.70M | -249.47M | -172.58M | -81.36M | -159.81M | -84.36M |
| Investing Cash Flow | 19.99M | 147.85M | -257.71M | 68.30M | 27.20M | -108.25M |
| Financing Cash Flow | 257.20M | 238.64M | 485.67M | 3.22M | 117.19M | 153.88M |
Nurix Therapeutics Technical Analysis
Positive
23.38
Price Trends
21.14
Positive
18.64
Positive
17.46
Positive
Market Momentum
0.93
Negative
69.78
Neutral
90.07
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NRIX, the sentiment is Positive. The current price of 23.38 is below the 20-day moving average (MA) of 23.72, above the 50-day MA of 21.14, and above the 200-day MA of 17.46, indicating a bullish trend. The MACD of 0.93 indicates Negative momentum. The RSI at 69.78 is Neutral, neither overbought nor oversold. The STOCH value of 90.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NRIX.
Nurix Therapeutics Risk Analysis
Nurix Therapeutics disclosed 81 risk factors in its most recent earnings report. Nurix Therapeutics reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Nurix Therapeutics Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $518.11M | -2.46 | 1.91% | ― | -79.06% | -397.92% | |
59 Neutral | $2.41B | -6.73 | -76.09% | ― | -58.40% | -31.99% | |
56 Neutral | $1.46B | -2.77 | -29.99% | ― | 213.96% | 25.74% | |
55 Neutral | $4.10B | -11.99 | -42.27% | ― | 39.04% | 29.88% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
* Healthcare Sector Average
NRIX
Nurix Therapeutics
25.53
15.88
164.56%
ARVN
Arvinas Holding Company
8.75
2.17
32.98%
VIR
Vir Biotechnology
8.82
4.54
106.07%
RLAY
Relay Therapeutics
19.77
16.52
508.31%
Nurix Therapeutics Corporate Events
Business Operations and StrategyProduct-Related Announcements
Nurix Highlights Promising Phase 1b Data for Bexobrutideg
Positive
Jun 11, 2026
On June 11, 2026, Nurix Therapeutics reported updated Phase 1a/1b clinical data for its oral BTK degrader bexobrutideg (NX-5948) in patients with relapsed or refractory chronic lymphocytic leukemia and small lymphocytic lymphoma, coinciding with a...
Business Operations and StrategyPrivate Placements and Financing
Nurix and Roche forge global BTK degrader alliance
Positive
Jun 8, 2026
On June 6, 2026, Nurix Therapeutics entered a global license and collaboration agreement with Roche to develop, manufacture and commercialize bexobrutideg, its investigational oral BTK degrader, with co-development and co-commercialization in the ...
Executive/Board ChangesShareholder Meetings
Nurix Therapeutics Shareholders Back Directors and Governance Proposals
Positive
May 15, 2026
On May 15, 2026, Nurix Therapeutics, Inc. held its 2026 Annual Meeting of Stockholders via live webcast, with approximately 80.98% of eligible voting power represented, ensuring a quorum for corporate decision-making. Stockholders voted on directo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.