Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Nurix Therapeutics, Inc.

NRIXNASDAQ
Wall Street Score · overall investment22/100
$27.26USD+$0.56 (+2.10%)
Company website www.nurixtx.com
Headquarters1600 Sierra Point Parkway, Brisbane, CA, 94005, US
Financial statement currencyUSD · no FX conversion applied
Healthcare · Biotechnology
Price from Oct 29, 2026Financials updated Oct 9, 2026

NRIX · Price history

Price at last available close

$27.26

+$3.58 (+15.12%) 1M

2026-10-28

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Company & revenue

About Nurix Therapeutics, Inc.

Primary reporting period: 2025-11-30 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

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. The company develops NX-5948, an orally bioavailable BTK degrader, that is in Phase 2 clinical trials for the treatment of relapsed or refractory B-cell malignancies and autoimmune diseases; NX-2127, an orally bioavailable Bruton’s tyrosine kinase (BTK) degrader, that is in Phase Phase 1a/1b clinical trials for the treatment of relapsed or refractory B-cell malignancies; and NX-1607, an orally bioavailable Casitas B-lineage lymphoma proto-oncogene-B (CBL-B) inhibitor, that is in Phase 1a/1b clinical trials to treat immuno-oncology indications. It is also developing NX-0479/GS-6791, a IRAK4 degrader for the treatment of rheumatoid arthritis and other inflammatory diseases.

How they make money

Nurix Therapeutics is a clinical-stage biopharmaceutical company that generates revenue primarily through research and development collaboration agreements with pharmaceutical partners. These agreements typically involve upfront payments, research funding, and potential milestone payments or royalties upon the achievement of specific development, regulatory, or commercial goals for drug candidates discovered using its proprietary protein degradation platform.

Products & services

The company focuses on the discovery, development, and commercialization of targeted protein degradation medicines, including its lead clinical-stage BTK degrader, bexobrutideg, and various other pipeline programs targeting oncology and inflammatory diseases.

Brands & revenue mix

No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.

Product / operating segments

Collaboration RevenueUSD 53.98M64.3%

Period ended 2025-11-30Source

License RevenueUSD 30.00M35.7%

Period ended 2025-11-30Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

  • Pharmaceutical and biotechnology companiesSource

Disclosed major customers

Customer concentration

For the fiscal year ended November 30, 2025, the company's revenue was highly concentrated, with a significant portion derived from a limited number of collaboration partners, specifically Gilead and Sanofi.

Suppliers, materials & equipment

  • Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs) — The company relies on various unnamed third-party vendors for clinical trial management, drug substance manufacturing, and laboratory services.Source

Business relationships & partnerships

  • Gilead Sciences, Inc. — A strategic collaboration for the discovery and development of targeted protein degraders, including the IRAK4 degrader GS-6791.Source
  • Sanofi — A strategic collaboration focused on the development of targeted protein degradation therapeutics for various disease indications.Source

Competitors

  • Arvinas, Inc. — A biotechnology company developing protein degradation therapeutics that compete in the same therapeutic space.Source
  • Kymera Therapeutics, Inc. — A biotechnology company focused on targeted protein degradation for oncology and immunology indications.Source

Strengths

  • Proprietary AI-integrated discovery engine for protein degradationSource
  • Strong balance sheet with significant cash and marketable securitiesSource

Risks

  • Dependence on collaboration partners for revenue and development successSource
  • Risks associated with clinical trial outcomes and regulatory approval processesSource

Financial risk observations and what to check

These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-05-31.

Quarterly revenue fell 79.5% versus the same quarter last year.

Check comparable business scope and currency, then separate volume, pricing and divestitures. One weaker quarter does not establish that the same decline will continue.

Diluted weighted-average shares increased 32.4% year over year.

Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

22

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

23

Poor

Financial Strength

17

Business Quality / Moat

21

Management

40

Growth Quality

10

Risk / Durability

35

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

27

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

38/100

Building Historical Record

Model Score 38/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently cautious.

What we like

No strong positive signal is being highlighted from the currently available summary data.

What to watch
  • •Valuation is a weaker part of the current profile
  • •Revenue fundamentals are weak
  • •Debt / balance-sheet profile needs attention
  • •Asset quality is a weaker factor

Company-specific research

Questions worth answering for NRIX

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •What is driving NRIX's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
  • •How long can NRIX fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • •Does NRIX's balance between cash and debt leave enough flexibility if business conditions weaken?
  • •What specifically needs to improve for NRIX to reach sustainable profitability?
  • •What future growth or profitability would be needed to justify NRIX's current valuation?
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

22

0–100 · Poor

Opportunity Score

27

0–100 · Poor

Market Cap

$2.98B

P/E Ratio

-6.6

EPS

$-3.45

52-Week High

$28.23

52-Week Low

$9.00

Beta

1.82

Analyst Target

$34.00

Shares Outstanding

86.7M

Total Revenue

$36.8M

Total Debt

$58.1M

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$4.65

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
79/ 100
+2 pts / 5d

Building upward momentum

5D +4.8% · 20D +15.0% · RSI 81 · Price vs 20D avg +12.7%
Volatility
39/ 100
+2 pts / 5d

Normal movement

20D realized vol 42.4% · 60D 36.4% · Acceleration 1.16x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on NRIX.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Proprietary AI-integrated discovery engine for protein degradation.
  • +Strong balance sheet with significant cash and marketable securities.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Biotechnology industry.
  • −Dependence on collaboration partners for revenue and development success.
  • −Risks associated with clinical trial outcomes and regulatory approval processes.
  • −Diluted weighted-average shares increased 32.4% year over year.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Very Weak22/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

22

Tap for breakdown →

Poor

26

Debt Cost—
Debt Reduction YoY-96.9%
Debt / Equity0.10x

Tap for breakdown →

Poor

4

Revenue YoY-56.2%
Revenue CAGR4.4%
Net Margin-928.4%

Tap for breakdown →

Weak

44

Asset Growth YoY2.8%
Liquidation/Share$4.65
Net Assets/MCap0.20x

Tap for breakdown →

Poor

0

Earnings Yield-14.4%
Buyback Yield0.0%
Debt Cost—

Tap for breakdown →

Weak

40

ROIC-72.7%
ROE-84.8%
ROA-63.7%

Tap for breakdown →

Poor

21

EPS Growth—
FCF/Share Growth—
Rev/Share Growth2.8%

Tap for breakdown →

Poor

0

Intrinsic Value—
Value Reference—
MOS—

Tap for breakdown →

Poor

23

Revenue4
Moat21
Valuation0

Tap for breakdown →

Poor

0

MOS %—
Value Reference—
Deep Discount Reference—

Tap for breakdown →

Poor

35

Interest Coverage—
ROIC-72.7%
FCF Yield-11.1%

Tap for breakdown →

Poor

27

Financial35
Valuation0
Debt26

Tap for breakdown →

Fair

60

Survival Years2.3 yrs
Current Ratio7.02x
FCF Margin-313.7%

Tap for breakdown →

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Score Changes

4 historical score records available

Previous Score

22

Oct 8, 2026

Change

Unchanged

Current Score

22

Oct 9, 2026

Category Changes

Revenue0
Debt0
Assets-0.3
Capital0
Management0
Moat0
Valuation0
Buffett-0.1

NRIX score was unchanged.

Projected Score

Projected Score

20

Projected Change

-1.2 points

Preliminary comparable-period financial changes suggest decline of approximately 1.2 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Valuation unavailable

Current Price

$27.26

Model Intrinsic Value

—

Difference

—

Margin of Safety

—

Value Reference: —
Deep Discount Reference: —

Intrinsic value is not currently available for this stock, so valuation can't be calculated.

Financial Charts

Revenue

20182019202020212022202320242025$0$25M$50M$75M$100M

Additional Metrics

Operating Cash Flow

20182019202020212022202320242025-$255M-$170M-$85M$0$85M

Total Debt

20182019202020212022202320242025$0$15M$30M$45M$60M

Total Assets

20182019202020212022202320242025$0$200M$400M$600M$800M

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Large reported revenue change: +54.0%

Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.

TTM may combine quarters from before and after the event, so its trend can also be distorted.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM20252024202320222021202020192018
Revenue$36.8M$84.0M$54.5M$77.0M····················
Cost of Revenue-$40.9M$18.9M$221.6M$189.1M····················
Gross Profit$77.7M$65.1M-$167.1M-$112.2M····················
Research & Development$332.2M$308.2M$221.6M$189.1M····················
SG&A Expenses$57.0M$52.7M$45.9M$42.9M····················
Operating Expenses$438.9M$350.8M$45.9M$42.9M····················
EBITDA-$324.4M-$244.8M-$176.9M-$130.3M····················
Operating Income-$361.2M-$285.7M-$213.0M-$155.1M····················
Interest Expense$0.00$0.00$0.00$0.00····················
Income Before Tax-$341.6M-$263.7M-$193.3M-$143.9M····················
Income Tax Expense-$271K$760K$270K$0.00····················
Net Income-$341.4M-$264.5M-$193.6M-$143.9M····················
Basic EPS$-3.46$-3.05$-2.88$-2.65····················
Basic Shares111M86.67M67.12M54.34M····················
Diluted Shares111M86.67M67.12M54.34M····················
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:A future estimated earnings date is not currently available.
May 31, 2026Q2FY2026

Revenue

$9.0M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

-$0.81

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+12.0%

Cash Change

-19.7%

Margin Change

-891.4 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Weakened

  • Margins contracted
  • Cash position declined
  • Debt increased

Potential Score Impact

Positive indicators included EPS growth. Pressure indicators included revenue growth, cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue declined 79.5%. EPS increased 55.8%. Cash declined 19.7%. Total debt increased 12.0%. Net income margin declined by 891.4 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Earnings data: 150 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

4 historical records
Jul 24, 26Oct 1, 26Oct 8, 26Oct 9, 260255075100

Historical Score Chart

3 of 4 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 1 more record and the complete score history.Start Free Trial

Wall Street Score

Oct 1, 26Oct 8, 26Oct 9, 260255075100

Debt Score

Oct 1, 26Oct 8, 26Oct 9, 260255075100

Revenue Score

Oct 1, 26Oct 8, 26Oct 9, 260255075100

Asset Score

Oct 1, 26Oct 8, 26Oct 9, 260255075100

Capital Score

Oct 1, 26Oct 8, 26Oct 9, 260255075100

Management Score

Oct 1, 26Oct 8, 26Oct 9, 260255075100

Moat Score

Oct 1, 26Oct 8, 26Oct 9, 260255075100

Valuation Score

Oct 1, 26Oct 8, 26Oct 9, 260255075100

Buffett Score

Oct 1, 26Oct 8, 26Oct 9, 260255075100

Intrinsic Value

No data

Value Reference

No data

Margin of Safety %

No data

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News

Rumor Mill · NRIX

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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