Nurix Therapeutics

NRIX Q2 2025 Earnings

Reported Jul 9, 2025 at 4:02 PM ET · SEC Source

Q2 25 EPS

$-0.52

BEAT +30.15%

Est. $-0.74

Q2 25 Revenue

$44.1M

BEAT +151.56%

Est. $17.5M

vs S&P Since Q2 25

+38.5%

BEATING MARKET

NRIX +54.9% vs S&P +16.5%

Market Reaction

Did NRIX Beat Earnings? Q2 2025 Results

Nurix Therapeutics delivered a standout fiscal second quarter, with revenue of $44.06 million beating the $17.51 million consensus by 151.56% and a per-share loss of $0.52 coming in well ahead of the $0.74 estimate, representing a 30.15% positive sur… Read more Nurix Therapeutics delivered a standout fiscal second quarter, with revenue of $44.06 million beating the $17.51 million consensus by 151.56% and a per-share loss of $0.52 coming in well ahead of the $0.74 estimate, representing a 30.15% positive surprise. The headline driver was collaboration activity, specifically $30.00 million in license revenue tied to two Sanofi license extensions, including the exercise of its option on the STAT6 program featuring degrader candidate NX-3911, alongside a $5.00 million clinical milestone from Gilead. Together, those payments helped push total revenue up 264.3% from $12.09 million in the year-ago quarter. Retail investor sentiment turned notably bullish following the report, with shares jumping on the results. Looking ahead, Nurix expects to initiate pivotal trials for lead asset bexobrutideg in relapsed/refractory CLL in the second half of calendar 2025, while a cash position of $485.80 million provides a firm financial foundation to advance its broader pipeline across oncology and autoimmune indications.

Key Takeaways

  • $30 million in license revenue from two Sanofi license extensions during the quarter
  • $5 million clinical milestone achieved under Gilead collaboration
  • Accelerated enrollment and pivotal trial preparation for bexobrutideg driving increased R&D spending
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NRIX YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

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NRIX Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“During our second quarter, Nurix delivered important collaboration milestones, resulting in Sanofi's extension of its license for our STAT6 program and FDA clearance of the IND for IRAK4 degrader GS-6791/NX-0479 in collaboration with Gilead.”

— Arthur T. Sands, Q2 2025 Earnings Press Release