Nurix Therapeutics Q3 swings to profit on Roche collaboration

Nurix Therapeutics

12/10/2026 21:15

Overview
Biopharma firm's Q3 revenue surged on Roche license revenue and Sanofi milestone payment
Q3 net income swung to profit, with diluted EPS at $4.73
Company ended Q3 with $1.1 bln in cash and runway into H2 2029

Outlook
Company expects cash runway into the second half of 2029
Nurix plans to expand bexobrutideg development into immune-mediated diseases, including CSU and MS
Company plans to enroll about 30 patients per tumor type in NX-1607 expansion cohorts

Result Drivers
COLLABORATION PAYMENTS - Surge in Q3 revenue driven mainly by Roche license revenue and Sanofi milestone payment
COST SHARING - Lower R&D expenses attributed to cost sharing with Roche
ONE-TIME EXPENSES - Higher G&A costs due to consulting and business development expenses related to Roche deal

Company press release: ID:nGNX4G2s7s

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$673.06 mln
 
Q3 EPS
 
$4.73
 
Q3 Net Income
 
$549.81 mln
 
Q3 Income from Operations
 
$559.45 mln
 
Q3 Operating Expenses
 
$113.61 mln
 
Q3 Pretax Profit
 
$563.41 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the biotechnology & medical research peer group is "buy"
Wall Street's median 12-month price target for Nurix Therapeutics, Inc. is $34.00, about 52.1% above its October 9 closing price of $22.35

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)