Pulling SEC filings + quote and writing the call…

Janux Therapeutics, Inc.
Next earnings Aug 5, 2026 (after close) · consensus $-0.43 EPS, $12.6M rev
Last earnings -0.5% on 2026-05-07
Clinical-stage biotech with collapsing cash, accelerating burn, and zero product revenue — speculative binary on early-Phase TRACTr readouts.
Janux is a pre-commercial oncology/autoimmune biotech whose entire $919M market cap rests on early-stage clinical assets — JANX007 (PSMA TRACTr in mCRPC, Phase 1), JANX008 (EGFR TRACTr, Phase 1), and the just-initiated JANX011 (CD19-ARM in healthy volunteers). The company explicitly states it has 'never generated any revenue from product sales' and the $10.0M FY2025 'revenue' is collaboration-related, not commercial — making the 91.9x P/S multiple meaningless as a valuation anchor. With operating margin of -1576.7% and net loss widening 64.7% YoY to -$114M, this is a binary clinical-readout story, not a fundamentals story.
Sources: SEC EDGAR (CIK 0001817713, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/25/2026, 2:40:39 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
Unlock with Pro€15/mo · cancel anytime
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $3.64M | $8.61M | $8.08M | $10.6M | $10.0M |
| Gross profit | — | — | — | — | — |
| Operating income | -$32.9M | -$67.1M | -$73.0M | -$98.8M | -$158M |
| Net income | -$32.7M | -$63.1M | -$58.3M | -$69.0M | -$114M |
| Diluted EPS | -$1.39 | -$1.52 | -$1.32 | -$1.28 | -$1.83 |
| Net margin | -898.3% | -732.2% | -721.2% | -651.6% | -1136.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Item 8.01 other event disclosure — likely program/corporate update
Annual meeting vote results (Item 5.07); routine governance outcome
Q1 2026 results; cash burn continues as JANX007/008/011 trials advance
Q1 2026 results; cash burn continues as JANX007/008/011 trials advance
Proxy: routine board/auditor/comp votes ahead of annual meeting
Proxy: routine board/auditor/comp votes ahead of annual meeting
FY25 net loss widened to $114M; cash $52M, R&D +84% on JANX011 IND launch
FY25 net loss widened to $114M; cash $52M, R&D +84% on JANX011 IND launch
Entered material agreement (1.01) + Reg FD update (7.01) — likely collab/financing
1071 tracked peers · median
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Last 90 days: 0 open-market buys · 1 sale
| 2026-06-11 | RA CAPITAL MANAGEMENT, L.P. Director | Award | 5.50K | |
| 2026-06-11 | Simson Jake Director | Award | 5.50K | |
| 2026-06-11 | Kung Winston Director | Award | 5.50K | |
| 2026-06-11 | Hernday Natasha Director | Award | 5.50K | |
| 2026-06-11 | DOBMEIER ERIC Director | Award | 5.50K | |
| 2026-06-11 | CAPPS VICKIE L Director | Award | 5.50K | |
| 2026-06-11 | Barrett Ronald W Director | Award | 5.50K | |
| 2026-06-02 | Doyle Janeen Noel Chief Corp. & Bus. Dev. Ofcr | Sell | 4.06K @ $14.03 | $56.9K |