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Other financials

Income statement

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Revenue$3.6M
Gross profit$3.5M
Operating income-$130.5M+3.3%
Net income-$127.6M-2.8%
EPS (diluted)-$0.68+5.6%

Balance sheet

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Cash & equivalents$204.6M+41.8%
Total debt$37.7M-21.4%
Total equity$835.2M-18.7%
Total assets$1.2B-0.7%

Cash flow

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Operating cash flow-$97.0M-28.8%
CapEx$805.0K-81.2%
Free cash flow-$97.8M-22.9%

Valuation

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Market cap$3.92B+88.3%
Enterprise value$3.76B+89.0%
P/S1,089×+1,084×

Profitability

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Operating margin-37,938%-37,986pp
Net margin-33,121.9%-33,159pp
FCF margin-31,736.3%-31,830pp

Returns & leverage

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Return on equity-54.9%+34.3pp
Debt / equity0.0×
Current ratio8.4×-1.9×

Where this comes from

Reported directly by Denali Therapeutics Inc. in its filing.

Tagged under the XBRL concept us-gaap:ShareBasedCompensation.

The source filing: Denali Therapeutics Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:08 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001714899-26-000097
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Net loss$(256,000)$(257,089)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization6,4145,370
Stock–based compensation expense46,00250,547
Net accretion of discounts on marketable securities(2,704)(6,585)
Non-cash adjustment to operating lease expense(2,353)(2,161)
Right-of-use asset amortization for finance lease1,8311,798
Non-cash interest expense related to revenue participation right liability5,941

Item 1. Financial Statements (Unaudited)

FAQ

What is Denali Therapeutics Inc.'s stock-based comp?
Denali Therapeutics Inc. (DNLI) reported stock-based comp of $22.92M in Q2 2026.
How has Denali Therapeutics Inc.'s stock-based comp changed year-over-year?
Denali Therapeutics Inc.'s stock-based comp decreased by 9.7% year-over-year, from $25.39M to $22.92M.
What is the long-term trend for Denali Therapeutics Inc.'s stock-based comp?
Over 4 years (2021 to 2025), Denali Therapeutics Inc.'s stock-based comp has grown at a 4.0% compound annual growth rate (CAGR), from $85.25M to $99.63M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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