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Janux Therapeutics

JANX

Janux Therapeutics is a clinical-stage biopharmaceutical company focused on developing next-generation immunotherapies for cancer and autoimmune diseases.

Market cap
$949.53M-33.8%
Revenue$13.7M+47.1%
Net income-$114.5M-47.3%
Free cash flow-$78.5M-68.7%
EPS (diluted)-$1.84-36.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$19.1M
EPS estimate-$0.26

Financials

Q1 2026

Income statement

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Revenue$3.7M
Operating income-$34.2M+2.0%
Net income-$24.4M-3.6%
EPS (diluted)-$0.39-2.6%

Balance sheet

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Cash & equivalents$51.8M-29.7%
Total debt$21.6M-4.6%
Total equity$941.5M-7.0%
Total assets$1.0B-2.1%

Cash flow

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Operating cash flow-$12.3M+27.5%
CapEx$273.0K-26.4%
Free cash flow-$12.6M+27.5%

Valuation & ratios

Valuation

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Market cap$949.53M-33.8%
Enterprise value$919.27M-38.0%
P/S69.1×-3,375×

Profitability

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Operating margin-1,143.1%-65.1pp
Net margin-833.6%+0.9pp
FCF margin-571.6%+98.3pp

Returns & leverage

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Return on equity-11.7%+4.1pp
Debt / equity0.0×
Current ratio17×-41.5×

Competitors

Profile

Janux Therapeutics is a clinical-stage biopharmaceutical company focused on developing next-generation immunotherapies for cancer and autoimmune diseases. The company utilizes its proprietary TRACTr, TRACIr, and ARM platforms to engineer tumor-activated T cell engagers and bispecific antibodies designed to maximize anti-tumor activity while minimizing systemic toxicities like cytokine release syndrome. Its core value proposition lies in its masking technology, which keeps therapeutics inactive in healthy tissue and triggers activation only within the tumor microenvironment.

Competitive position

A clinical-stage innovator in the protease-activated biologic space, competing with established pharmaceutical firms by offering potentially safer, off-the-shelf alternatives to CAR T-cell therapies.

GeographiesUnited States, Global
Customer segmentsPharmaceutical companies, Clinical trial participants, Healthcare systems
Business modelR&D intensive, Licensing and Royalties, Strategic Collaborations
SuppliersContract Manufacturing Organizations (CMOs), Raw material suppliers, Clinical research organizations (CROs), Cell line providers
CustomersStrategic pharmaceutical partners, Specialty pharmacies, Hospitals and oncology clinics
Listed2021
Employees68.0
CEODavid Alan Campbell
FilingsSEC EDGAR

Questions, answered.

What is Janux Therapeutics's market cap?
Janux Therapeutics (JANX) has a market capitalization of $949.5M and trades on NASDAQ.
What is Janux Therapeutics's revenue and profitability?
Janux Therapeutics generated $13.7M in trailing twelve-month revenue with a net loss of $114.5M, representing a net margin of -833.6%, with free cash flow of -$78.5M. These figures are based on the Q1 2026 filing.
Who are Janux Therapeutics's competitors?
Janux Therapeutics's key competitors include CytomX Therapeutics, Johnson & Johnson, Amgen, and others. These companies compete in similar markets and product categories.
Who does Janux Therapeutics partner with?
Janux Therapeutics's notable partners include Merck Sharp & Dohme Corp., Bristol Myers Squibb, WuXi Biologics (Hong Kong) Limited.
Where is Janux Therapeutics headquartered?
Janux Therapeutics is headquartered in United States of America and employs approximately 68 people. It has been publicly traded since 2021.