Recursion Pharmaceuticals, Inc.
Built from real-time financials, refreshed daily. For a full Analyst Grade with bull/bear case, price targets, and qualitative risk analysis, generate a RXRX research report →
Range $5.3 – $5.3
Price Chart
About the company
Recursion Pharmaceuticals, Inc. operates as a biotechnology firm currently in its clinical development phase. The company's mission is to revolutionize drug discovery by decoding biological processes, utilizing an integrated approach that combines technological innovations across biology, chemistry, automation, data science, and engineering.
- CEO
- Najat Khan
- IPO
- 2021
- Employees
- 600
- HQ
- Salt Lake City, UT, US
AI snapshot
Six angles, distilled from the data.
The stock is in a recovery regime, trading above both the 50-day and 200-day moving averages after a long drawdown from the 52-week high. That keeps the setup constructive, but it remains well below the prior peak, so shareholders should watch for follow-through rather than assume a full trend reversal.
Street sentiment is cautious: consensus is Hold, with 4 Buys and 6 Holds and no Sell ratings. The target picture has compressed sharply, with the latest consensus target at $5.30 versus a prior broader average near $7.22, and recent revisions have leaned lower rather than higher.
The next print comes after a mixed beat/miss track record, with 4 beats in the last 7 quarters. Estimates still point to another loss, with 2026 EPS at -0.90488 and 2027 EPS at -0.9004, so the market will focus on revenue traction and any narrowing of cash burn.
The pattern leans bearish on discretionary activity, with 4 reported sells and no buys. Most other filings are awards or in-kind transfers, which are routine compensation noise; the notable signal is continued selling by a director and the CEO, alongside a small CFO in-kind transaction.
Profitability remains deeply negative, with a -17.6% operating margin and a -715.7% gross margin. Revenue fell 60.1% year over year, but the balance sheet is still a strength with $743.3 million in cash and equivalents versus $78.0 million of total debt, leaving net cash of $665.3 million.
Against biotech peers, RXRX is valued more like a cash-burning platform story than a commercial-stage name. The market is paying for pipeline optionality and partnerships, but the current valuation still reflects heavy losses and uncertain timing on operating leverage.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $2.37B
- P/E
- -4.34
- PEG
- -0.08
- P/S
- 43.19
- P/B
- 2.63
- EV/EBITDA
- -4.24
- Div Yield
- 0.00%
- Gross Margin
- -46.66%
- Op Margin
- -991.72%
- Net Margin
- -945.92%
- ROE
- -50.41%
- ROIC
- -48.34%
Latest fiscal year · YoY change
- Revenue
- $74.68M+26.9%
- Gross Profit
- $-46,273,000-440.2%
- Op Income
- $-648,132,000
- Net Income
- $-644,759,000-39.1%
- EPS
- $-1.44+14.8%
- OCF Growth
- -3.5%
- FCF Growth
- -1.5%
- 52W High
- $7.18
- 52W Low
- $2.77
- 50D MA
- $3.45
- 200D MA
- $3.58
- Beta
- 1.07
- RSI (14)
- 65
- Avg Volume
- 19.62M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Recursion highlighted an inflection point for its AI-native drug discovery engine, with new partner validation, progress in its internal clinical pipeline, and lower 2026 cash operating expense guidance.· August 5, 2026
- Genentech advanced Recursion’s first neuroscience target into joint early discovery, which management framed as evidence the platform can discover novel biology.
- REC-4881 in FAP showed a median 43% polyp burden reduction after 3 months, with durable effects after 3 months off treatment and a manageable safety profile.
- REC-7735 received IND clearance; Recursion plans to start the Phase I ZINNIA trial later this year.
- Recursion lowered 2026 full-year cash operating expense guidance to $375 million, nearly 40% below comparable 2024 pro forma expenses.
- The company said it ended the quarter with about $557 million in cash and equivalents, implying runway through early 2028.
Recursion did not report quarterly revenue or EPS on the call. Key disclosed figures were: REC-4881 produced a median 43% polyp burden reduction after 3 months in the Phase II TUPELO study, with sustained reductions after 3 months off treatment; the company said it has generated more than $500 million in realized inflows from partnerships, including more than $260 million in upfront and milestone payments with Roche-Genentech and more than a dozen discovery milestones overall; management also cited more than $300 million in additional development, commercialization and sales milestones for each future small molecule program in the Roche collaboration. On cost, Ben Taylor lowered 2026 full-year cash operating expense guidance to $375 million, which he said is nearly a 40% reduction from comparable 2024 pro forma expenses. The company ended the quarter with approximately $557 million in cash and equivalents, which it believes supports operations through early 2028. Looking ahead, Recursion expects additional Phase II data for REC-4881 in November at CGA-IGC and an FDA update later this year, continued Phase I data for REC-1245 later this year, initiation of REC-7735 later this year, and potential nomination of an oral I&I development candidate with Sanofi.
Najat Khan said Recursion has moved from talking about the promise of its platform to showing that its AI-native engine can generate differentiated programs and medicines. He emphasized the company’s three-part moat: proprietary multimodal data, Lab-in-the-Loop experimentation, and conversion of those capabilities into internal and partnered assets. His tone was confident and explanatory, especially around the Genentech neuroscience target as a proof point that the engine can uncover previously unexplored biology.
Ben Taylor focused on capital discipline and operating efficiency. He said the company lowered 2026 full-year cash operating expense guidance to $375 million, describing that as about a 40% reduction versus comparable 2024 pro forma expenses, while still advancing the pipeline and partnerships. He also said Recursion ended the quarter with about $557 million in cash and equivalents, which he believes provides runway through early 2028, and noted that partnerships are structured to be breakeven or profitable on a direct cost basis from the start.
Analysts pressed on how the Roche-Genentech collaboration can serve as a template for other partners, and management said the transferable elements are the proprietary data sets, the Lab-in-the-Loop operating model, and the ability to turn validated targets into differentiated assets. Questions also focused on REC-4881’s FDA path and registrational strategy; Vicki Goodman said discussions are ongoing, there is limited regulatory precedent in FAP, and talks with FDA have been productive, especially around the primary endpoint and study design. On OpEx, management said the cut to $375 million reflects doing the same or more with less, driven by faster answer generation, more efficient compound design, and tighter outcomes-based budgeting. Analysts also asked about REC-7735’s go/no-go decision; management cited strong selectivity, no identified off-target liabilities, favorable preclinical and GLP tox data, and AI help in identifying patients and trial sites.
The call provided multiple concrete validation points: a new neuroscience target was advanced with Genentech, REC-4881 continues to show meaningful polyp burden reduction in a disease with no approved therapy, and REC-7735 is moving into the clinic after a fast design cycle. Management also stressed operating leverage, with lower spending guidance and significant partner inflows, while saying the company has runway through early 2028.
Management repeatedly framed the major programs as still early, with REC-4881 awaiting more Phase II data and FDA feedback, REC-1245 still in dose escalation, and REC-7735 not expected to generate initial monotherapy data until the first half of 2028. The FAP regulatory path is still not well established, and the company acknowledged that it must continue to derisk endpoint and study-design questions with FDA. More broadly, the thesis depends on the platform continuing to convert data and AI into clinically successful assets, which has not yet been proven at commercial scale.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 77.9%
- Shares Outstanding
- 524.68M
- Float Shares
- 408.73M
of shares held by institutions
351 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 50.30M | ▲ 7.11M |
| Vanguard Group Inc | 47.19M | ▲ 7.41M |
| Ark Investment Management LLC | 41.34M | ▲ 1.12M |
| State Street Corp | 34.71M | ▲ 6.22M |
| Vanguard Portfolio Management LLC | 31.13M | ▲ 8.37M |
| Baillie Gifford & Co | 23.49M | ▼ 187.50K |
| Vanguard Capital Management LLC | 22.77M | ▲ 521.55K |
| Geode Capital Management, LLC | 13.82M | ▲ 1.54M |
| Softbank Group Corp. | 13.64M | 0 |
| Mic Capital Management Uk Llp | 9.64M | ▲ 1 |
| Ubs Group AG | 8.95M | ▲ 3.85M |
| Norges Bank | 6.83M | ▲ 6.83M |
Held by 356 ETFs
Biggest fund positions in RXRX by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Oct 1, 26 | Dar Zavain | other | 4,607 |
| Oct 1, 26 | Li Dean Y | other | 3,378 |
| Sep 15, 26 | Taylor Ben R | other | 5,396 |
| Sep 8, 26 | Khan Najat | sell | 22,408 |
| Sep 1, 26 | Borgeson Blake | sell | 30,000 |
| Aug 17, 26 | Khan Najat | other | 80,498 |
| Aug 17, 26 | Hallett David | other | 26,657 |
| Aug 17, 26 | Taylor Ben R | other | 25,018 |
| Aug 4, 26 | Borgeson Blake | sell | 30,000 |
| Jul 7, 26 | Borgeson Blake | sell | 40,000 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our RXRX coverage
Recent articles, reports, and earnings notes.

Nvidia's Secret Partner, Revealed: What Stock Is Keith Kohl Teasing in Topline Trader?
Keith Kohl of Angel Publishing's Topline Trader is promoting “Nvidia's Secret Partner,” also known as the “AI Doctor” pitch. We identify the company and test the claims.

Inside the Nanyang Biologics SPAC Deal: Valuation and dilution
Nanyang Biologics is an AI-driven drug discovery and biotech company going public through a merger with RF Acquisition Corp II (NASDAQ: RFAI). The setup offers exposure to a preclinical platform at a $1.5 billion headline value, but shareholders should watch redemptions, dilution, and whether the deal closes with enough cash.

AI Doctor, Revealed: What Stock Is Keith Kohl Teasing in Topline Trader?
Keith Kohl of Angel Publishing’s Topline Trader is promoting “AI Doctor,” a pitch built around an AI drug-discovery biotech. The filings support the company match, but not several of the ad’s biggest claims.
Want a deeper read on RXRX?
Generate a full analyst-grade report — bull/bear case, price targets, valuation depth, and a complete financial breakdown.
Recursion Pharmaceuticals (RXRX) Registers a Bigger Fall Than the Market: Important Facts to Note
zacks.com · Sep 28
Squeeze Watch: 10 Stocks With Over 33% Short Interest
benzinga.com · Sep 25
Can Recursion Pharmaceuticals' Strategic Deals Fuel Long-Term Growth?
zacks.com · Sep 24
Tempus and Recursion Extend Existing Data License Agreement and Enter New License Agreement for Recursion's RNA Foundation Model
businesswire.com · Sep 21
Recursion Pharmaceuticals Highlights AI Drug Platform, FAP Progress at Morgan Stanley Conference
defenseworld.net · Sep 21
Recursion Pharmaceuticals Highlights AI Drug Platform, FAP Progress at Morgan Stanley Conference
marketbeat.com · Sep 20
Recursion Pharmaceuticals (RXRX) Falls More Steeply Than Broader Market: What Investors Need to Know
zacks.com · Sep 16
Recursion Pharmaceuticals, Inc. (RXRX) Presents at Morgan Stanley 24th Annual Global Healthcare Conference Transcript
seekingalpha.com · Sep 15
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed October 1, 2026 · Live quote · Not investment advice