Janux Therapeutics, Inc. logo JANX - Janux Therapeutics, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 11
HOLD 3
SELL 1
STRONG
SELL
0
| PRICE TARGET: $28.57 DETAILS
HIGH: $45.00
LOW: $14.00
MEDIAN: $30.00
CONSENSUS: $28.57
UPSIDE: 96.76%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 3.7 7.9 10 0 0 0 0.4 8.9 1.3 2.5 2.5 1.1 2.0 2.8 1.8 2.4 1.6 1.6 1.2 0.5 0.4 0 0 0 0
Cost of Revenue 0.5 8.9 0.5 0 0 0 0 0.5 0.5 0.5 0.5 14.9 15.9 0 13.7 14.1 10.2 11.2 8.4 4.7 1.9 0 0 0 0
Gross Profit 3.3 (1.1) 9.5 0 0 0 0.4 8.4 0.7 1.9 2.0 (13.9) (13.8) 2.8 (11.9) (11.7) (8.6) (9.6) (7.2) (4.3) (1.5) 0 0 0 0
Operating Expenses
R&D Expenses 26.8 31.5 34.6 34.7 25.1 20.8 18.6 14.9 14.1 12.2 11.9 14.9 15.9 15.4 13.7 14.1 10.2 11.2 8.4 4.7 1.9 1.0 0.8 0.7 0.5
SG&A Expenses 11.1 10.9 10.1 10.5 9.8 8.2 17.7 7.3 6.8 6.4 6.4 6.9 6.5 5.7 6.1 5.5 4.9 3.9 3.7 2.0 0.7 0.7 0.4 0.4 0.3
Other Expenses (0.5) (1.1) 0 0 0 0 0 0 0 (0.5) (0.5) (14.9) (15.9) 0 (13.7) (14.1) (10.2) (11.2) (8.4) (4.7) (1.9) 0 0 0 0
Operating Expenses 37.5 41.3 44.8 45.1 34.9 29.0 36.3 22.2 20.9 18.1 17.8 6.9 6.5 21.1 6.1 5.5 4.9 3.9 3.7 2.0 0.7 1.7 1.3 1.1 0.8
Operating Income
Operating Income (34.2) (42.4) (35.3) (45.1) (34.9) (29.0) (35.8) (13.8) (20.2) (16.1) (15.8) (20.7) (20.3) (18.3) (18.0) (17.3) (13.5) (13.5) (10.9) (6.3) (2.3) (1.7) (1.3) (1.1) (0.8)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.1
Interest Income 9.9 34.0 10.9 11.3 11.4 8.8 7.8 7.9 5.4 4.4 4.2 3.2 2.8 2.2 1.3 0.4 0.1 0.1 0.1 0.0 0 0 0 0 0
Profitability
EBITDA (33.7) (31.4) (23.8) (44.6) (34.4) (28.5) (35.3) (13.3) (19.6) (15.6) (15.3) (20.3) (19.8) (17.9) (17.8) (17.2) (13.5) (13.4) (10.9) (6.2) (2.3) (1.6) (1.3) (2.4) (1.3)
EBIT (34.2) (31.9) (24.3) (45.1) (34.9) (29.0) (35.8) (13.8) (20.2) (16.1) (15.8) (20.7) (20.3) (18.3) (18.0) (17.3) (13.5) (13.5) (10.9) (6.3) (2.3) (1.7) (1.3) (2.4) (1.3)
Income Before Tax (24.4) (31.9) (24.3) (33.9) (23.5) (20.2) (28.1) (6.0) (14.8) (11.8) (11.6) (17.5) (17.5) (16.1) (16.7) (16.9) (13.4) (13.4) (10.8) (6.2) (2.3) (1.7) (1.3) (2.5) (1.4)
Income Tax Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Income (24.4) (31.9) (24.3) (33.9) (23.5) (20.2) (28.1) (6.0) (14.8) (11.8) (11.6) (17.5) (17.5) (16.1) (16.7) (16.9) (13.4) (13.4) (10.8) (6.2) (2.3) (1.7) (1.3) (2.5) (1.4)
Per Share Data
EPS (Basic) -0.39 -0.51 -0.39 -0.55 -0.38 -0.36 -0.51 -0.11 -0.30 -0.25 -0.25 -0.42 -0.42 -0.39 -0.34 -0.40 -0.32 -0.33 -0.26 -0.62 -0.06 -0.13 -0.10 -0.20 -0.11
EPS (Diluted) -0.39 -0.51 -0.39 -0.55 -0.38 -0.36 -0.51 -0.11 -0.30 -0.25 -0.25 -0.42 -0.42 -0.39 -0.34 -0.40 -0.32 -0.33 -0.26 -0.62 -0.06 -0.13 -0.10 -0.20 -0.11
Shares Outstanding 62.7 62.0 62.0 61.9 61.8 56.8 54.6 54.5 49.0 46.7 45.7 41.8 41.8 41.6 41.5 41.4 41.3 41.2 41.1 10.0 39.9 12.5 12.5 12.5 12.5
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Current Assets
Cash & Cash Equivalents 51.8 52.3 48.4 52.4 73.7 430.6 26.8 14.7 212.8 19.2 17.2 33.7 30.4 51.4 64.8 58.4 55.1 35.6 39.4 251.6 70.8 7.8
Short-Term Investments 904.6 914.2 940.6 943.6 940.4 594.6 631.3 631.6 439.0 324.8 332.6 269.6 286.5 275.6 274.0 295.9 306.1 339.4 348.1 142.6 0 0
Net Receivables 42.5 6.4 6.3 5.7 5.6 5.4 4.5 12.1 4.4 0 0 0 0.8 0 0.5 0 0 0 0 0.4 0.4 8
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 0 0 0 0 5.2 5.5 6.0 3.8 5.4 0 0 0 0 0 0 0 0
Total Current Assets 1,002.0 975.9 998.1 1,005.6 1,023.3 1,033.7 666.3 661.9 658.7 349.2 355.2 309.3 321.4 332.4 344.3 358.1 364.7 377.0 389.6 396.6 71.4 16.1
Non-Current Assets
Property, Plant & Equipment 21.4 22.3 23.2 23.1 23.8 24.1 25.1 26.0 27.0 27.8 28.5 28.9 29.1 29.4 29.2 26.3 2.8 1.6 1.4 0.2 0.2 0.2
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0.8 0.8 0.8 0 0 0 0.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 4.8 2.6 2.6 2.7 3.6 3.7 3.6 2.6 3.3 3.3 3.1 3.2 2.4 2.2 2.2 1.0 1.2 1.2 0.1 0 0.3 0
Total Non-Current Assets 26.2 31.6 26.7 26.7 27.4 27.9 28.7 29.5 30.3 31.2 31.7 32.2 31.6 31.6 31.4 27.3 3.9 2.8 1.5 0.2 0.4 0.2
Total Assets 1,028.2 1,007.5 1,024.8 1,032.2 1,050.8 1,061.5 695.0 691.4 689.0 380.4 386.9 341.5 353.0 364.0 375.8 385.4 368.6 379.8 391.1 396.8 71.8 16.2
Current Liabilities
Account Payables 3.4 5.0 3.4 3.5 2.4 4.0 2.5 1.3 2.3 2.4 2.5 1.9 2.1 2.2 2.9 3 1.9 2.5 3.6 0.4 0.9 0.4
Short-Term Debt 2.5 2.4 2.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 37.6 0 0 0 0 0 0 0.1 1.0 1.7 3.6 5.3 4.9 5.4 5.9 5.4 4.6 5.2 5.3 5.1 3.6 1.9
Other Current Liabilities 15.5 13.0 18.1 13.7 1.9 4.6 3.9 6.6 1.3 3.3 2.4 1.7 1.4 2.7 2.2 1.7 1.5 2.4 2.1 3.4 1.8 0.3
Total Current Liabilities 58.9 25.0 27.8 21.4 17.5 17.5 17.2 11.5 10.6 13.0 14.5 17.9 16.1 16.5 16.3 13.0 12.5 12.8 12.5 9.2 6.9 3.2
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 6.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 77.3 21.6
Total Non-Current Liabilities 27.8 25.7 20.4 20.3 20.8 21.3 21.7 22.2 22.6 23.0 23.4 24.1 25.6 26.8 27.9 28.6 0 0.7 1.9 2.8 81.7 27.7
Total Liabilities 86.7 50.7 48.2 41.7 38.3 38.7 38.9 33.7 33.2 36.1 37.9 42.0 41.7 43.3 44.2 41.6 12.5 13.5 14.3 12.0 88.6 30.9
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings (375.7) (351.4) (319.4) (295.1) (261.3) (237.8) (217.5) (189.5) (183.5) (168.8) (157.0) (145.4) (127.9) (110.5) (94.4) (77.7) (60.8) (47.4) (34.0) (23.2) (17.0) (14.7)
Accumulated Other Comprehensive Income 0.6 4.3 4.6 3.7 3.8 2.2 7.8 (1.6) (0.5) 0.7 (1.2) (1.1) (0.7) (1.5) (2.3) (1.9) (1.6) (0.3) 0.0 0.0 0 0
Total Stockholders' Equity 941.5 956.8 976.6 990.5 1,012.5 1,022.8 656.1 657.7 655.8 344.3 348.9 299.5 311.3 320.7 331.5 343.8 356.1 366.3 376.8 384.8 (16.8) (14.6)
Total Liabilities & Equity 1,028.2 1,007.5 1,024.8 1,032.2 1,050.8 1,061.5 695.0 691.4 689.0 380.4 386.9 341.5 353.0 364.0 375.8 385.4 368.6 379.8 391.1 396.8 71.8 16.2
Debt Metrics
Total Debt 21.6 22.1 22.7 22.2 22.6 23.0 23.4 23.8 24.2 24.5 24.9 25.2 25.5 25.3 24.1 23.4 0.2 0.2 0.2 0 0 0
Net Debt (30.3) (30.2) (25.7) (30.3) (51.1) (407.6) (3.3) 9.2 (188.6) 5.3 7.7 (8.5) (4.8) (26.1) (40.7) (35.0) (55.0) (35.4) (39.2) (251.6) (70.8) (7.8)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income (24.4) (31.9) (24.3) (33.9) (23.5) (20.2) (28.1) (6.0) (14.8) (11.8) (11.6) (17.5) (17.5) (16.1) (16.7) (16.9) (13.4) (13.4) (10.8) (6.2) (2.3) (1.7) (1.3) (2.5) (1.4)
Depreciation & Amortization 0 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.4 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Stock-Based Compensation 0 9.5 9.0 11.0 10.7 6.3 15.4 5.8 5.6 4.5 4.5 5.5 5.5 4.2 4.6 4.4 4.0 2.9 2.6 1.3 0.1 0.0 0.0 0.0 0.0
Change in Working Capital 4.9 (3.1) 6.5 3.8 (0.5) (0.3) 12.8 (7.4) (4.4) (1.1) (3.1) (1.7) (0.7) 0.8 (0.8) 6.4 (2.1) (0.0) 2.4 (1.3) 7.7 (0.0) 0.1 0.3 (0.1)
Other Non-Cash Items 7.1 (3.5) (4.6) (5.2) (4.2) (2.9) (2.9) (3.0) (1.8) (2.1) (2.1) (1.8) (1.7) (1.3) (0.8) (0.1) (0.0) (0.1) (0.1) (0.0) 0 0 0 1.4 0.6
Operating Cash Flow (12.3) (28.5) (12.9) (23.8) (17.0) (16.7) (2.2) (10.0) (14.8) (9.9) (11.7) (15.1) (13.9) (11.9) (13.4) (6.1) (11.5) (10.5) (5.9) (6.2) 5.6 (1.6) (1.1) (0.8) (0.9)
Investing Activities
Capital Expenditure (0.3) (0.1) (0.1) (0.5) (0.4) (0.0) (0.0) (0.1) (0.2) (0.5) (0.5) (0.6) (0.3) (2.1) (2.5) (0.9) (1.0) (1.2) (0.1) (0.1) (0.2) 0 0 0 0
Acquisitions 0 0 0 0 0 0 0 0 0 (11.6) 61.0 0 0 0 (22.3) 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (112.8) (123.3) (118.0) (92.7) (371.3) (24.0) (32.5) (235.5) (178.5) (33.1) (136.0) (76.5) (71.7) (86.0) (94.5) (68.8) (45.1) (103.5) (227.6) (142.5) 0 0 0 0 0
Sales/Maturities of Investments 121.3 152.9 126.4 94.7 31.3 58 45.2 44.8 65 44.8 75 95 63.2 86.5 116.8 78.8 77.1 112 22.1 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 0 0 11.6 (61.0) 0 0 0 22.3 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow 8.3 29.5 8.3 1.6 (340.4) 33.9 12.7 (190.9) (113.7) 11.1 (61.5) 17.9 (8.7) (1.6) 19.8 9.0 31.1 7.3 (205.5) (142.6) (0.2) 0 0 0 0
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1.5
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 0 0 0 0 8.4 0 3.2 1.7 0 0.1 0.5 0 0.2 0 0 0 0 0 205.1 1.5 0.1 0 0 0.0
Financing Cash Flow 3.5 2.9 0.5 1.0 0.6 386.6 1.6 2.8 322.2 0.8 56.6 0.5 1.6 0.2 0 0.3 0.0 0.2 (0.8) 329.7 57.5 4.6 (0.0) 5.5 1.5
Cash Position
Net Change in Cash (0.5) 3.9 (4.1) (21.3) (356.9) 403.9 12.1 (198.1) 193.6 2.1 (16.6) 3.3 (21.1) (13.3) 6.3 3.3 19.5 (3.8) (212.2) 180.9 63.0 2.9 (1.1) 4.7 0.6
Cash at Beginning 52.3 49.2 53.3 74.6 431.4 27.6 14.7 213.6 19.2 18.0 34.5 31.2 51.4 65.6 59.2 55.1 35.6 39.4 251.6 70.8 7.8 4.9 6.0 1.3 0.7
Cash at End 51.8 53.1 49.2 53.3 74.6 431.4 26.8 15.5 212.8 20.0 18.0 34.5 30.4 52.2 65.6 58.4 55.1 35.6 39.4 251.6 70.8 7.8 4.9 6.0 1.3
Free Cash Flow (12.6) (28.6) (12.9) (24.3) (17.4) (16.8) (2.3) (10.1) (15.0) (10.4) (12.2) (15.6) (14.2) (14.0) (15.9) (7.0) (12.5) (11.7) (5.9) (6.3) 5.4 (1.6) (1.1) (0.8) (0.9)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 3.7 7.9 10 0 0 0 0.4 8.9 1.3 2.5 2.5 1.1 2.0 2.8 1.8 2.4 1.6 1.6 1.2 0.5 0.4 0 0 0 0
Gross Profit 3.3 (1.1) 9.5 0 0 0 0.4 8.4 0.7 1.9 2.0 (13.9) (13.8) 2.8 (11.9) (11.7) (8.6) (9.6) (7.2) (4.3) (1.5) 0 0 0 0
Operating Income (34.2) (42.4) (35.3) (45.1) (34.9) (29.0) (35.8) (13.8) (20.2) (16.1) (15.8) (20.7) (20.3) (18.3) (18.0) (17.3) (13.5) (13.5) (10.9) (6.3) (2.3) (1.7) (1.3) (1.1) (0.8)
Net Income (24.4) (31.9) (24.3) (33.9) (23.5) (20.2) (28.1) (6.0) (14.8) (11.8) (11.6) (17.5) (17.5) (16.1) (16.7) (16.9) (13.4) (13.4) (10.8) (6.2) (2.3) (1.7) (1.3) (2.5) (1.4)
EPS (Diluted) -0.39 -0.51 -0.39 -0.55 -0.38 -0.36 -0.51 -0.11 -0.30 -0.25 -0.25 -0.42 -0.42 -0.39 -0.34 -0.40 -0.32 -0.33 -0.26 -0.62 -0.06 -0.13 -0.10 -0.20 -0.11
Balance Sheet
Cash & Equivalents 51.8 52.3 48.4 52.4 73.7 430.6 26.8 14.7 212.8 19.2 17.2 33.7 30.4 51.4 64.8 58.4 55.1 35.6 39.4 251.6 70.8 7.8
Total Assets 1,028.2 1,007.5 1,024.8 1,032.2 1,050.8 1,061.5 695.0 691.4 689.0 380.4 386.9 341.5 353.0 364.0 375.8 385.4 368.6 379.8 391.1 396.8 71.8 16.2
Total Debt 21.6 22.1 22.7 22.2 22.6 23.0 23.4 23.8 24.2 24.5 24.9 25.2 25.5 25.3 24.1 23.4 0.2 0.2 0.2 0 0 0
Stockholders' Equity 941.5 956.8 976.6 990.5 1,012.5 1,022.8 656.1 657.7 655.8 344.3 348.9 299.5 311.3 320.7 331.5 343.8 356.1 366.3 376.8 384.8 (16.8) (14.6)
Cash Flow
Operating Cash Flow (12.3) (28.5) (12.9) (23.8) (17.0) (16.7) (2.2) (10.0) (14.8) (9.9) (11.7) (15.1) (13.9) (11.9) (13.4) (6.1) (11.5) (10.5) (5.9) (6.2) 5.6 (1.6) (1.1) (0.8) (0.9)
Capital Expenditure (0.3) (0.1) (0.1) (0.5) (0.4) (0.0) (0.0) (0.1) (0.2) (0.5) (0.5) (0.6) (0.3) (2.1) (2.5) (0.9) (1.0) (1.2) (0.1) (0.1) (0.2) 0 0 0 0
Free Cash Flow (12.6) (28.6) (12.9) (24.3) (17.4) (16.8) (2.3) (10.1) (15.0) (10.4) (12.2) (15.6) (14.2) (14.0) (15.9) (7.0) (12.5) (11.7) (5.9) (6.3) 5.4 (1.6) (1.1) (0.8) (0.9)