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Nurix Therapeutics (NRIX) earnings and revenue breakdown
Latest: Q3 FY26 · 10-Q filed Oct 13, 2026 · Nurix Therapeutics (NRIX) Q3 FY26 earnings results →
Q3 FY26 Revenue up 8426% year over year to $673M · 82¢ of every $1 of revenue kept as net profit · operating margin 83.1%
Nurix Therapeutics made $673M in Q3 FY26 (85× Y/Y): License revenue $653M, Collaboration revenue $19.9M. Operating margin 83.1%, net earnings $550M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 13, 2026.
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What changed this quarter
Revenue was $673.1M in Q3 FY26, up 8426% year over year and up 7343% from the previous quarter. License revenue was the largest line at 97% of revenue. Collaboration revenue added $12.0M year over year (up 152%), 2% of the total change.
Operating profit was $559.5M, a 83.1% margin (up 1240.8 points year over year). Total costs grew 14% against revenue growth of 8426%. The fastest-growing cost line was General & admin (+161%). Net earnings were $549.8M. The effective tax rate was 2.4%.
Operating cash flow was $615.6M, 112% of net earnings. Non-cash charges added back $2.1M of depreciation and amortization and $10.8M of share-based compensation. Working capital and other items added $52.9M. Capital expenditures of $1.4M left free cash flow of $614.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 FY26 | 10-Q | Oct 13, 2026 | $673M | 85× | 83.1% | $550M | $616M |
| Q2 FY26 | 10-Q | Jul 9, 2026 | $9.0M | -80% | n/m | −$89.5M | −$96.6M |
| Q1 FY26 | 10-Q | Apr 8, 2026 | $6.3M | -66% | n/m | −$87.2M | −$71.9M |
| Q4 FY25 | 10-K | Jan 28, 2026 | $13.6M | +2% | -612.0% | −$78.2M | −$67.8M |
| Q3 FY25 | 10-Q | Oct 9, 2025 | $7.9M | -37% | n/m | −$86.4M | −$57.4M |
| Q2 FY25 | 10-Q | Jul 9, 2025 | $44.1M | +264% | -109.7% | −$43.5M | −$63.2M |
| Q4 FY24 | 10-K | Jan 28, 2025 | $13.3M | -12% | -486.7% | −$58.5M | −$48.8M |
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About Nurix Therapeutics
When used in this report, unless otherwise indicated, “Nurix,” “Company,” “we,” “us” and “our” refers to Nurix Therapeutics, Inc. and its wholly owned subsidiaries. We are a clinical stage biopharmaceutical company focused on the discovery, development and commercialization of targeted protein degradation medicines, the next frontier in innovative drug design aimed at improving treatment options for patients with cancer and inflammatory diseases. Powered by a fully artificial intelligence (AI)-integrated discovery engine capable of tackling any protein class, and coupled with leading ligase expertise, Nurix has built a significant advantage in translating the science of protein degradation into clinical advancements with the aim of establishing degrader-based treatments at the forefront of patient care.
In its own words, from its 10-K, filed Jan 28, 2026.
Nurix Therapeutics against its Pharmaceutical Preparations peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: 85× against the peers' median +10%. Operating margin: 83.1% against the peers' median 30.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NRIX Nurix Therapeutics | Q3 FY26 | $673M | 85× | 83.1% |
| JNJ Johnson & Johnson | Q3 2026 | $25.4B | +6% | 0.1% |
| LLY ELI Lilly | Q3 2026 | $24.4B | +39% | 34.5% |
| MRK Merck | Q3 2026 | $18.1B | +5% | 30.7% |
| ABBV AbbVie | Q3 2026 | $17.4B | +10% | 36.0% |
| PFE Pfizer | Q3 2026 | $16.6B | -0.4% | 20.4% |
| BMY Bristol Myers Squibb | Q3 2026 | $13.1B | +7% | 19.4% |
| ABT Abbott Laboratories | Q3 2026 | $13.0B | +14% | 10.4% |
| REGN Regeneron Pharmaceuticals | Q3 2026 | $5.1B | +36% | 40.0% |
Source: Nurix Therapeutics 10-Q on SEC EDGAR · CIK 1549595 · Pharmaceutical Preparations
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History
Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results