What is Janux Therapeutics's R&D?

Janux Therapeutics (JANX) reported R&D of $26.81M in Q1 2026.

How has Janux Therapeutics's R&D changed year-over-year?

Janux Therapeutics's R&D increased by 7.0% year-over-year, from $25.06M to $26.81M.

What is the long-term trend for Janux Therapeutics's R&D?

Over 4 years (2021 to 2025), Janux Therapeutics's R&D has grown at a 48.0% compound annual growth rate (CAGR), from $26.24M to $125.9M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Janux Therapeutics JANX R&D

R&D at other companies

AmgenAMGN

$1.72B+15.7%

Regeneron PharmaceuticalsREGN

$1.54B+16.3%

XencorXNCR

$64.67M+10.4%

Vor BiopharmaVOR

$17.6M-34.1%

Cullinan Therapeutics, Inc.CGEM

$42.12M+1.6%

Nektar TherapeuticsNKTR

$35.68M+17.1%

Other financials

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

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Market cap$889.15M-36.3%

Enterprise value$858.89M-36.2%

P/S64.8×-84.8×

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 / equity0×0.0×

Current ratio17×-41.5×

Where this comes from

Reported directly by Janux Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Janux Therapeutics’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Janux Therapeutics's R&D?: Janux Therapeutics (JANX) reported R&D of $26.81M in Q1 2026.
How has Janux Therapeutics's R&D changed year-over-year?: Janux Therapeutics's R&D increased by 7.0% year-over-year, from $25.06M to $26.81M.
What is the long-term trend for Janux Therapeutics's R&D?: Over 4 years (2021 to 2025), Janux Therapeutics's R&D has grown at a 48.0% compound annual growth rate (CAGR), from $26.24M to $125.9M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.