Janux Therapeutics, Inc. JANX R2K
Janux Therapeutics, Inc., a clinical stage biopharmaceutical company, develops immunotherapies based on Tumor Activated T Cell Engager (TRACTr), Tumor Activated Immunomodulator (TRACIr), and Adaptive Immune Response Modulator (ARM) platforms technology to treat patients with cancer. The company's clinical candidates include JANX007, a prostate-specific membrane antigen or PSMA-TRACTr, which is in Phase 1 clinical trial in adults for the treatment of metastatic castration-resistant prostate cancer and the vasculature of other tumors; and JANX008, an epidermal growth factor receptor that is in Phase 1 clinical trial for the treatment of various solid cancers, including colorectal cancer, squamous cell carcinoma of the head and neck, non-small cell lung cancer, renal cell carcinoma, small cell lung cancer, pancreatic ductal adenocarcinoma, and triple-negative breast cancer. It also develops JANX011, a CD19-targeted adaptive immune response modulator that is in phase 1 clinical study developed for autoimmune diseases. The company has strategic research collaboration agreement with Merck Sharp & Dohme Corp. to develop TRACTr product candidates; and Bristol Myers Squibb to develop and commercialize an undisclosed, novel tumor-activated therapeutic targeting a validated solid tumor antigen expressed across several human cancer types. Janux Therapeutics, Inc. was incorporated in 2017 and is headquartered in San Diego, California.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
No notable strengths flagged.
CONS
- Earnings shrank at -26.7% CAGR over 5 years.
- Trading 58.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | JANX Janux Therapeutics, Inc. R2K | 14.59 | - | $889.76M | - | -16.15% | -11.72% | 5.11% | -26.73% |
| 2 | LLY Eli Lilly and Company SPX | 1,105.00 | 39.21 | $985.37B | 0.63% | 38.44% | 107.46% | 31.69% | 48.96% |
| 3 | JNJ Johnson & Johnson SPX | 225.33 | 26.11 | $542.42B | 2.38% | 23.13% | 26.42% | 5.60% | 14.32% |
| 4 | UNH UnitedHealth Group Incorporated SPX | 380.31 | 28.66 | $345.38B | 2.32% | 9.60% | 12.18% | 11.35% | -15.69% |
| 5 | MRK Merck & Co., Inc. SPX | 118.72 | 33.44 | $293.22B | 2.86% | 20.66% | 18.94% | 3.12% | 7.93% |
| 6 | TMO Thermo Fisher Scientific Inc. SPX | 492.51 | 27.11 | $183.03B | 0.38% | 9.17% | 13.52% | -0.27% | -1.19% |
| 7 | AMGN Amgen Inc. NDXSPX | 336.79 | 23.42 | $181.77B | 2.99% | 18.02% | 101.32% | 11.77% | 5.58% |
| 8 | GILD Gilead Sciences, Inc. NDXSPX | 134.43 | 18.29 | $166.90B | 2.44% | 22.92% | 43.36% | 2.57% | 22.83% |
| 9 | ISRG Intuitive Surgical, Inc. NDXSPXAI | 424.64 | 51.53 | $150.39B | - | 15.96% | 17.23% | 17.39% | 29.26% |
Quarterly Results
Figures in USD.
| Metric | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 380.00K | 482.00K | 1.16M | 1.59M | 2.37M | 1.81M | 2.05M | 1.06M | 2.52M | 1.25M | 8.90M | 439.00K | 0 | 0 | 10.00M | 0 | 3.73M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 34.90M | 45.12M | 45.25M | 42.40M | 37.95M |
| Operating Income | -1.11M | -1.26M | -2.28M | -6.25M | -10.90M | -13.54M | -17.26M | -18.02M | -20.28M | -20.75M | -15.81M | -20.16M | -13.82M | -35.84M | -34.90M | -45.12M | -35.25M | -42.40M | -34.21M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -34.38M | -44.58M | -34.75M | -41.93M | -33.74M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -23.51M | -33.86M | -24.31M | -31.95M | -24.36M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | -2.46M | -1.26M | -2.28M | -6.21M | -10.77M | -13.41M | -16.89M | -16.70M | -17.46M | -17.51M | -11.57M | -14.76M | -5.96M | -28.06M | -23.51M | -33.86M | -24.31M | -31.95M | -24.36M |
| Diluted EPS | - | - | - | -0.62 | -0.26 | -0.32 | -0.41 | -0.40 | -0.42 | -0.42 | -0.25 | -0.30 | -0.11 | -0.51 | -0.38 | -0.55 | -0.39 | -0.51 | -0.39 |
| R&D Expense | 673.00K | 834.00K | 1.93M | 4.74M | 8.41M | 10.18M | 14.09M | 13.74M | 15.87M | 14.92M | 11.89M | 14.07M | 14.90M | 18.61M | 25.05M | 34.66M | 34.63M | - | 26.81M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | 8.61M | 8.08M | 10.59M | 10.00M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| Operating Expenses | - | - | 75.70M | 81.06M | 109.44M | 167.67M |
| Operating Income | -4.84M | - | -67.09M | -72.98M | -98.85M | -157.67M |
| EBITDA | - | - | -66.25M | -71.02M | -96.79M | -155.64M |
| Interest Expense | - | 0 | - | - | - | - |
| Pretax Income | - | - | -63.06M | -58.29M | -68.99M | -113.62M |
| Tax Provision | - | - | - | - | - | - |
| Net Income | -6.78M | - | -63.06M | -58.29M | -68.99M | -113.62M |
| Diluted EPS | - | -1.39 | -1.52 | -1.32 | -1.28 | - |
| R&D Expense | 3.04M | 26.24M | 53.44M | 54.92M | 68.39M | 125.90M |
Compounded Sales Growth
| 5 Years: | 5.11% |
| 1 Year: | - |
Compounded Profit Growth
| 5 Years: | -26.73% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -38.70% |
| 6 Months: | -58.00% |
| 3 Months: | +7.20% |
| 1 Month: | +3.40% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Total Assets | - | 16.22M | - | 364.01M | 380.41M | 1.06B | 1.00B |
| Current Assets | - | - | - | 332.44M | 349.24M | 1.03B | 975.89M |
| Cash & Equivalents | - | 7.81M | - | 51.43M | 19.20M | 430.61M | 52.33M |
| Inventory | - | - | - | - | - | - | - |
| Receivables | - | - | 0 | - | - | - | - |
| Total Liabilities | - | 9.23M | - | 43.27M | 36.06M | 38.73M | 44.74M |
| Current Liabilities | - | 3.18M | - | 16.51M | 13.03M | 17.46M | 25.00M |
| Long Term Debt | - | - | - | - | - | - | - |
| Total Debt | - | - | - | 25.30M | 24.54M | 23.02M | 22.14M |
| Total Equity | -7.94M | -14.64M | - | 320.74M | 344.35M | 1.02B | 956.82M |
| Shares Outstanding | - | - | - | 41.62M | 46.25M | 59.06M | 60.38M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -4.37M | - | -42.92M | -50.58M | -43.81M | -82.23M |
| Investing Cash Flow | 0 | - | 58.27M | -41.19M | -258.02M | -300.98M |
| Financing Cash Flow | 11.52M | - | 500.00K | 59.55M | 713.24M | 4.95M |
| Capital Expenditure | -0 | - | -6.45M | -1.85M | -359.00K | -1.04M |
| Free Cash Flow | -4.37M | - | -49.37M | -52.42M | -44.17M | -83.28M |
| Net Change in Cash | - | - | 15.84M | -32.22M | 411.40M | -378.27M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - |
| Operating Margin % | - | - | -779.0% | -902.9% | -933.6% | -1,576.7% |
| Net Margin % | - | - | -732.2% | -721.2% | -651.6% | -1,136.2% |
| ROE % | 46.3% | - | -19.7% | -16.9% | -6.7% | -11.9% |
| ROCE % | -37.2% | - | -19.3% | -19.9% | -9.5% | -16.1% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | RA Capital Management, L.P. | 18.35% | 11.19M | $163.26M |
| 2 | Blackrock Inc. | 8.91% | 5.43M | $79.27M |
| 3 | Janus Henderson Group PLC | 6.88% | 4.20M | $61.23M |
| 4 | Prosight Management, Lp | 5.82% | 3.55M | $51.79M |
| 5 | FMR, LLC | 4.16% | 2.54M | $37.00M |
| 6 | State Street Corporation | 4.04% | 2.46M | $35.95M |
| 7 | Vanguard Capital Management LLC | 2.97% | 1.81M | $26.43M |
| 8 | TCG Crossover Management, LLC | 2.93% | 1.79M | $26.11M |
| 9 | Alyeska Investment Group, L.p. | 2.63% | 1.60M | $23.36M |
| 10 | Wellington Management Group, LLP | 2.62% | 1.60M | $23.31M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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