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Janux Therapeutics

JANX
31
Biotechnology · Healthcare
Price
$16.26
+0.42 (+2.65%)
Market Cap
$991.6M
Exchange
NASDAQ
Winston Score
31
Winston is serious
Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+50.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 41.2M (2021) → 62.0M (2025)

Janux Therapeutics, Inc., a biopharmaceutical company, develops therapeutics based on proprietary Tumor Activated T Cell Engager (TRACTr) platform technology to treat patients suffering from cancer. The company's lead TRACTr product candidates that are in preclinical or discovery stage target prostate-specific membrane antigen, epidermal growth factor receptor, and trophoblast cell surface antigen 2. Janux Therapeutics, Inc. is also developing a Tumor Activated Immunomodulator (TRACIr) costimula

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

-2.6% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$126M/ year

Rising (+84% vs prior year)

>1,000% of revenue

69.9x the sector average (18%)

Investing heavily in future products and technology

Insider Activity

6.1%ownership

Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~12 months

$52M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Heavy R&D investment

Janux Therapeutics is putting 1259% of revenue into R&D and that number is rising. That's 69.9x the sector average.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
87.4%
Premium pricing power — 87.4% gross margin
Operating Margin
-916.5%
Losing money on operations — -916.5%
ROCE
-3.6%
Weak — -3.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+131.5%
Fast-growing sales (131.5% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-363.2%
Burning cash (-363.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.00
Conservative — low debt load (0.00)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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