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    JANX

    Janux Therapeutics, Inc.

    Company overview

    Market capitalization
    $1.01B
    Employees
    108
    Latest publication
    2026-09-29
    About Janux Therapeutics, Inc.

    Janux Therapeutics, Inc., a clinical stage biopharmaceutical company, develops immunotherapies based on Tumor Activated T Cell Engager (TRACTr), Tumor Activated Immunomodulator (TRACIr), and Adaptive Immune Response Modulator (ARM) platforms technology to treat patients with cancer. The company's clinical candidates include JANX007, a prostate-specific membrane antigen or PSMA-TRACTr, which is in Phase 1 clinical trial in adults for the treatment of metastatic castration-resistant prostate cancer and the vasculature of other tumors; and JANX008, an epidermal growth factor receptor that is in Phase 1 clinical trial for the treatment of various solid cancers, including colorectal cancer, squamous cell carcinoma of the head and neck, non-small cell lung cancer, renal cell carcinoma, small cell lung cancer, pancreatic ductal adenocarcinoma, and triple-negative breast cancer. It also develops JANX011, a CD19-targeted adaptive immune response modulator that is in phase 1 clinical study developed for autoimmune diseases. The company has strategic research collaboration agreement with Merck Sharp & Dohme Corp. to develop TRACTr product candidates; and Bristol Myers Squibb to develop and commercialize an undisclosed, novel tumor-activated therapeutic targeting a validated solid tumor antigen expressed across several human cancer types. Janux Therapeutics, Inc. was incorporated in 2017 and is headquartered in San Diego, California.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ2 20242024-06-30 · USDQ1 20242024-03-31 · USD
    Total Revenue10,267,000USD3,733,000USD10,000,000USD0USD0USD-8,512,000USD8,897,000USD1,252,000USD
    Research Development30,994,000USD26,813,000USD34,629,000USD34,664,000USD25,055,000USD20,806,000USD14,898,000USD14,070,000USD
    General And Administrative Expenses10,963,000USD———————
    Total Operating Expenses41,957,000USD37,477,000USD44,750,000USD15,943,000USD9,842,000USD8,216,000USD22,213,000USD20,881,000USD
    Operating Income-31,690,000USD-34,213,000USD-35,251,000USD-45,118,000USD-34,897,000USD-29,022,000USD-13,822,000USD-20,161,000USD
    Total Other Income Expense Net9,718,000USD9,852,000USD10,938,000USD11,260,000USD11,389,000USD8,806,000USD7,863,000USD5,401,000USD
    Net Income-21,972,000USD-24,361,000USD-24,313,000USD-33,858,000USD-23,508,000USD-20,216,000USD-5,959,000USD-14,760,000USD
    Cost Of Revenue—469,000USD501,000USD29,175,000USD25,055,000USD20,806,000USD506,000USD532,000USD
    Gross Profit—3,264,000USD9,499,000USD-29,175,000USD-25,055,000USD-20,806,000USD8,391,000USD720,000USD
    Selling General Administrative—11,133,000USD10,622,000USD10,454,000USD9,842,000USD8,215,999USD7,821,000USD7,343,000USD
    Interest Income—9,852,000USD10,938,000USD11,260,000USD11,389,000USD8,806,000USD7,863,000USD5,401,000USD
    Net Interest Income—9,852,000USD10,938,000USD11,260,000USD11,389,000USD8,806,000USD7,863,000USD5,401,000USD
    Income Before Tax—-24,361,000USD-24,313,000USD-33,858,000USD-23,508,000USD-20,216,000USD-5,959,000USD-14,760,000USD
    Net Income From Continuing Ops—-24,361,000USD-24,313,000USD-33,858,000USD-23,508,000USD-20,216,000USD-5,959,000USD-14,760,000USD
    Ebit—-24,361,000USD-24,313,000USD-33,858,000USD-23,508,000USD-20,216,000USD-5,959,000USD-14,760,000USD
    Ebitda—-23,892,000USD-23,812,000USD-33,317,000USD-22,989,000USD-19,704,000USD-5,453,000USD-14,228,000USD
    Depreciation And Amortization—469,000USD501,000USD541,000USD519,000USD512,000USD506,000USD532,000USD
    Reconciled Depreciation—469,000USD501,000USD541,000USD519,000USD512,000USD506,000USD532,000USD
    Unclassified Operating Expenses———-29,175,000USD-25,055,000USD-20,805,999USD——
    Income Tax Expense———————488,724USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20192019-12-31 · USD
    Total Revenue8,612,000USD3,637,000USD0USD
    Cost Of Revenue75,703,000USD36,566,000USD6,000USD
    Gross Profit8,612,000USD3,637,000USD-6,000USD
    Research Development53,441,000USD26,237,000USD2,999,000USD
    Selling General Administrative22,262,000USD10,329,000USD772,000USD
    Total Operating Expenses75,703,000USD36,566,000USD3,771,000USD
    Operating Income-67,091,000USD-32,929,000USD-3,771,000USD
    Interest Income4,032,000USD257,000USD—
    Interest Expense4,032,000USD370,000USD233,000USD
    Net Interest Income4,032,000USD257,000USD-233,000USD
    Income Before Tax-63,059,000USD-32,672,000USD-4,004,000USD
    Income Tax Expense-8,905,000USD-113,000USD233,000USD
    Net Income-54,154,000USD-32,559,000USD-4,237,000USD
    Net Income From Continuing Ops-63,059,000USD-32,672,000USD-4,004,000USD
    Ebit-67,091,000USD-32,929,000USD-3,771,000USD
    Ebitda-66,250,000USD-32,816,000USD-3,765,000USD
    Depreciation And Amortization841,000USD113,000USD6,000USD
    Reconciled Depreciation841,000USD113,000USD6,000USD
    Total Other Income Expense Net4,032,000USD257,000USD-233,000USD
    Non Operating Income Net Other4,032,000USD257,000USD—
    Net Income Applicable To Common Shares-63,059,000USD-32,672,000USD-4,004,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets1,007,653,000USD1,028,225,000USD1,007,522,000USD1,024,766,000USD1,032,212,000USD1,050,772,000USD1,061,516,000USD695,019,000USD
    Cash And Equivalents27,768,000USD———————
    Cash And Short Term Investments970,913,000USD956,386,000USD966,567,000USD988,993,000USD996,011,000USD1,014,146,000USD1,025,173,000USD658,031,000USD
    Short Term Investments943,145,000USD904,558,000USD914,233,000USD940,604,000USD943,565,000USD940,403,000USD594,568,000USD631,277,000USD
    Total Current Assets983,337,000USD1,002,049,000USD975,887,000USD998,086,000USD1,005,553,000USD1,023,339,000USD1,033,666,000USD666,321,000USD
    Other Current Assets12,275,000USD3,200,000USD2,892,000USD2,778,000USD3,851,000USD3,608,000USD3,112,000USD3,836,000USD
    Other Non Current Assets2,913,000USD———————
    Total Liabilities79,669,000USD———————
    Total Current Liabilities60,152,000USD58,915,000USD24,997,000USD27,831,000USD21,379,000USD17,502,000USD17,459,000USD17,173,000USD
    Other Current Liabilities19,513,000USD———————
    Total Stockholder Equity927,984,000USD941,535,000USD956,822,000USD976,555,000USD990,516,000USD1,012,469,000USD1,022,781,000USD656,104,000USD
    Total Equity Including Noncontrolling Interest927,984,000USD———————
    Deferred Revenue35,070,000USD———————
    Deferred Revenue Non Current1,079,000USD———————
    Property Plant Equipment Net20,587,000USD21,416,000USD22,254,000USD23,237,000USD23,150,000USD23,825,000USD24,150,000USD25,059,000USD
    Accounts Payable3,017,000USD3,376,000USD4,971,000USD3,395,000USD3,477,000USD2,351,000USD4,026,000USD2,462,000USD
    Short Term Debt2,552,000USD2,472,000USD2,393,000USD2,280,000USD1,873,000USD1,811,000USD1,749,000USD1,689,000USD
    Common Stock61,000USD60,000USD60,000USD60,000USD59,000USD59,000USD59,000USD52,000USD
    Retained Earnings-397,715,000USD-375,743,000USD-351,382,000USD-319,436,000USD-295,123,000USD-261,265,000USD-237,757,000USD-217,541,000USD
    Accumulated Other Comprehensive Income-2,305,000USD576,000USD4,316,000USD4,562,000USD3,747,000USD3,756,000USD2,163,000USD7,831,000USD
    Total Liab—86,690,000USD50,700,000USD48,211,000USD41,696,000USD38,303,000USD38,735,000USD38,915,000USD
    Other Current Liab—15,476,000USD17,633,000USD22,156,000USD16,029,000USD13,340,000USD11,684,000USD13,022,000USD
    Capital Stock—60,000USD60,000USD60,000USD59,000USD59,000USD59,000USD52,000USD
    Cash—51,828,000USD52,334,000USD48,389,000USD52,446,000USD73,743,000USD430,605,000USD26,754,000USD
    Current Deferred Revenue—37,591,000USD——————
    Net Debt—-30,257,000USD-30,195,000USD-25,729,000USD-30,256,000USD-51,131,000USD-407,580,000USD-3,323,000USD
    Short Long Term Debt Total—21,571,000USD22,139,000USD22,660,000USD22,190,000USD22,612,000USD23,025,000USD23,431,000USD
    Net Receivables—42,463,000USD6,428,000USD6,315,000USD5,691,000USD5,585,000USD5,381,000USD4,454,000USD
    Property Plant Equipment Gross—28,768,000USD29,221,000USD29,736,000USD29,162,000USD29,296,000USD29,102,000USD29,502,000USD
    Common Stock Shares Outstanding—62,665,717shares61,966,999shares62,023,685shares61,902,411shares61,791,721shares56,832,374shares54,628,670shares
    Non Current Assets Total—26,176,000USD31,635,000USD26,680,000USD26,659,000USD27,433,000USD27,850,000USD28,698,000USD
    Non Current Liabilities Total—27,775,000USD25,703,000USD20,380,000USD20,317,000USD20,801,000USD21,276,000USD21,742,000USD
    Non Currrent Assets Other—4,760,000USD2,608,000USD2,627,000USD2,693,000USD3,608,000USD3,700,000USD3,639,000USD
    Net Working Capital—943,134,000USD950,890,000USD970,255,000USD984,174,000USD1,005,837,000USD1,016,207,000USD649,148,000USD
    Unclassified Non Current Liabilities—27,775,000USD25,703,000USD20,380,000USD20,317,000USD20,801,000USD21,276,000USD21,742,000USD
    Unclassified Equity—1,316,582,000USD1,303,768,000USD1,291,309,000USD1,281,774,000USD1,269,860,000USD1,258,257,000USD865,710,000USD
    Unclassified Non Current Assets——6,773,000USD—————
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
    Total Assets1,007,522,000USD1,061,516,000USD380,407,000USD364,010,000USD379,824,000USD16,217,000USD679,000USD
    Other Current Assets2,892,000USD3,112,000USD5,213,000USD5,423,000USD1,854,000USD249,000USD—
    Total Liab50,700,000USD38,735,000USD36,058,000USD43,270,000USD13,497,000USD30,855,000USD8,623,000USD
    Total Stockholder Equity956,822,000USD1,022,781,000USD344,349,000USD320,740,000USD366,327,000USD-14,638,000USD-7,944,000USD
    Other Current Liab17,633,000USD11,684,000USD7,387,000USD8,179,000USD4,982,000USD803,000USD360,000USD
    Common Stock60,000USD59,000USD46,000USD42,000USD41,000USD1,000USD1,000USD
    Capital Stock60,000USD59,000USD46,000USD42,000USD41,000USD1,000USD1,000USD
    Retained Earnings-351,382,000USD-237,757,000USD-168,763,000USD-110,470,000USD-47,411,000USD-14,739,000USD-7,955,000USD
    Cash52,334,000USD430,605,000USD19,205,000USD51,426,000USD35,582,000USD7,813,000USD658,000USD
    Cash And Short Term Investments966,567,000USD1,025,173,000USD344,028,000USD327,016,000USD374,965,000USD7,813,000USD658,000USD
    Total Current Assets975,887,000USD1,033,666,000USD349,241,000USD332,439,000USD377,019,000USD16,062,000USD658,000USD
    Total Current Liabilities24,997,000USD17,459,000USD13,033,000USD16,507,000USD12,797,000USD3,181,000USD4,627,000USD
    Net Debt-30,195,000USD-407,580,000USD5,337,000USD-26,121,000USD-35,388,000USD-7,813,000USD3,342,000USD
    Short Term Debt2,393,000USD1,749,000USD1,517,000USD763,000USD194,000USD751,000USD4,000,000USD
    Short Long Term Debt Total22,139,000USD23,025,000USD24,542,000USD25,305,000USD194,000USD—4,000,000USD
    Short Term Investments914,233,000USD594,568,000USD324,823,000USD275,590,000USD339,383,000USD0USD—
    Net Receivables6,428,000USD5,381,000USD2,200,000USD700,000USD200,000USD8,000,000USD0USD
    Accounts Payable4,971,000USD4,026,000USD2,424,000USD2,159,000USD2,458,000USD428,000USD267,000USD
    Property Plant Equipment Net22,254,000USD24,150,000USD27,841,000USD29,365,000USD1,597,000USD155,000USD21,000USD
    Property Plant Equipment Gross29,221,000USD29,102,000USD30,755,000USD29,365,000USD1,597,000USD155,000USD21,000USD
    Accumulated Other Comprehensive Income4,316,000USD2,163,000USD665,000USD-1,535,000USD-270,000USD-21,624,000USD-3,996,000USD
    Common Stock Shares Outstanding61,966,999shares53,751,480shares44,016,283shares41,469,631shares41,243,137shares41,611,510shares41,611,510shares
    Non Current Assets Total31,635,000USD27,850,000USD31,166,000USD31,571,000USD2,805,000USD155,000USD21,000USD
    Non Current Liabilities Total25,703,000USD21,276,000USD23,025,000USD26,763,000USD700,000USD27,674,000USD3,996,000USD
    Non Currrent Assets Other2,608,000USD3,700,000USD3,325,000USD1,390,000USD1,208,000USD-155,000USD-21,000USD
    Net Working Capital950,890,000USD1,016,207,000USD336,208,000USD315,932,000USD364,222,000USD12,881,000USD-3,969,000USD
    Unclassified Non Current Assets6,773,000USD——-1,390,000USD-1,208,000USD——
    Unclassified Non Current Liabilities25,703,000USD21,276,000USD23,025,000USD-2,221,000USD—21,624,000USD3,996,000USD
    Unclassified Equity1,303,768,000USD1,258,257,000USD512,355,000USD432,661,000USD413,926,000USD21,723,000USD4,005,000USD
    Current Deferred Revenue——1,705,000USD5,406,000USD5,163,000USD1,950,000USD—
    Inventory——-2,200,000USD-700,000USD-200,000USD——
    Other Liab———2,221,000USD700,000USD6,050,000USD—
    Other Assets———2,206,000USD1,208,000USD——
    Non Current Liabilities Other———26,763,000USD700,000USD——
    Net Tangible Assets———320,740,000USD366,327,000USD-14,638,000USD-7,944,000USD
    Short Long Term Debt——————4,000,000USD
    Unclassified Current Liabilities——————-4,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income-24,361,000USD-31,946,000USD-24,313,000USD-33,858,000USD-23,508,000USD-20,216,000USD-28,059,000USD-5,959,000USD
    Depreciation469,000USD468,000USD501,000USD541,000USD519,000USD512,000USD510,000USD506,000USD
    Stock Based Compensation9,269,000USD9,515,000USD9,044,000USD10,960,000USD10,702,000USD6,251,000USD15,387,000USD5,757,000USD
    Other Non Cash Items-2,624,000USD-3,524,000USD-4,623,000USD-5,206,000USD-4,221,000USD-2,927,000USD-2,898,000USD-2,973,000USD
    Change To Account Receivables-35,000,000USD——0USD0USD—7,500,000USD-6,981,000USD
    Change In Working Capital4,910,000USD-3,055,000USD6,535,000USD3,750,000USD-516,000USD-345,000USD12,829,000USD-7,352,000USD
    Total Cash From Operating Activities-12,337,000USD-28,542,000USD-12,856,000USD-23,813,000USD-17,024,000USD-16,725,000USD-2,231,000USD-10,021,000USD
    Capital Expenditures-273,000USD-106,000USD-93,000USD-473,000USD-371,000USD-42,000USD-25,000USD-95,000USD
    Free Cash Flow-12,610,000USD-28,648,000USD-12,949,000USD-24,286,000USD-17,395,000USD-16,767,000USD-2,256,000USD-10,116,000USD
    Investments8,559,000USD29,649,000USD8,306,000USD1,562,000USD-340,392,000USD33,926,000USD12,674,000USD-190,885,000USD
    Total Cashflows From Investing Activities8,286,000USD29,543,000USD8,306,000USD1,562,000USD-340,392,000USD33,926,000USD12,674,000USD-190,885,000USD
    Total Cash From Financing Activities3,545,000USD2,944,000USD493,000USD954,000USD554,000USD386,650,000USD1,649,000USD2,765,000USD
    Sale Purchase Of Stock0USD0USD0USD0USD-347,000USD———
    Change In Cash-506,000USD3,945,000USD-4,057,000USD-21,297,000USD-356,862,000USD403,851,000USD12,092,000USD-198,141,000USD
    Begin Period Cash Flow52,334,000USD49,205,000USD53,262,000USD74,559,000USD431,421,000USD27,570,000USD14,662,000USD213,619,000USD
    End Period Cash Flow51,828,000USD53,150,000USD49,205,000USD53,262,000USD74,559,000USD431,421,000USD26,754,000USD15,478,000USD
    Unclassified Financing Cash Flow3,545,000USD———————
    Other Cashflows From Investing Activities—-300,981,000USD—————-190,790,000USD
    Other Cashflows From Financing Activities—2,944,000USD493,000USD—901,000USD8,442,000USD1,649,000USD3,220,000USD
    Unclassified Investing Cash Flow—300,981,000USD—————190,885,000USD
    Issuance Of Capital Stock—————378,208,000USD0USD-455,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
    Net Income-113,625,000USD-68,994,000USD-58,293,000USD-32,672,000USD-6,784,000USD-4,004,000USD
    Depreciation2,029,000USD2,060,000USD1,955,000USD113,000USD13,000USD6,000USD
    Stock Based Compensation40,221,000USD33,020,000USD20,005,000USD6,910,000USD72,000USD6,000USD
    Other Non Cash Items-17,574,000USD-10,585,000USD-7,688,000USD-169,000USD1,941,000USD233,000USD
    Change In Working Capital6,714,000USD685,000USD-6,554,000USD8,842,000USD389,000USD-69,000USD
    Total Cash From Operating Activities-82,235,000USD-43,814,000USD-50,575,000USD-16,976,000USD-4,369,000USD-3,828,000USD
    Capital Expenditures-1,043,000USD-359,000USD-1,850,000USD-1,482,000USD-1,482,000USD-1,482,000USD
    Free Cash Flow-83,278,000USD-44,173,000USD-52,425,000USD-18,458,000USD-4,369,000USD-3,828,000USD
    Investments-299,938,000USD-258,021,000USD-53,921,000USD-339,481,000USD-339,481,000USD-339,481,000USD
    Total Cashflows From Investing Activities-300,981,000USD-258,021,000USD-41,194,000USD-340,963,000USD-340,963,000USD-340,963,000USD
    Total Cash From Financing Activities4,945,000USD713,235,000USD59,548,000USD386,524,000USD11,524,000USD4,000,000USD
    Sale Purchase Of Stock-347,000USD——204,167,000USD——
    Change In Cash-378,271,000USD411,400,000USD-32,221,000USD28,585,000USD7,155,000USD172,000USD
    Begin Period Cash Flow431,421,000USD20,021,000USD52,242,000USD7,813,000USD658,000USD486,000USD
    End Period Cash Flow53,150,000USD431,421,000USD20,021,000USD36,398,000USD7,813,000USD658,000USD
    Other Cashflows From Investing Activities-300,981,000USD——-339,481,000USD——
    Other Cashflows From Financing Activities4,945,000USD14,968,000USD3,018,000USD182,357,000USD9,024,000USD4,000,000USD
    Unclassified Investing Cash Flow300,981,000USD—14,577,000USD339,481,000USD——
    Issuance Of Capital Stock—698,267,000USD56,530,000USD384,714,000USD8,954,000USD0USD
    Change To Account Receivables——500,000USD8,000,000USD-8,000,000USD-8,000,000USD
    Change To Inventory———831,000USD375,000USD—
    Change To Liabilities———2,000USD8,014,000USD4,000USD
    Net Borrowings———180,547,000USD2,500,000USD4,000,000USD
    Cash And Cash Equivalents Changes———28,585,000USD——
    Unclassified Financing Cash Flow———-180,547,000USD-8,954,000USD-4,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    No revenue breakdown is currently published for this company.

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.