Janux Therapeutics, Inc.
JANX · Pharmaceutical Preparations · 61.0M shares · +23%/yr ↑ shares · EDGAR filings ↗
Reference price $14.03 · est. market cap ~$856M — last insider sale, 2026-06-02 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D46Clinical/early-stage biotech — oncology clinical, extremely cash-rich.
Strengths
- Liquidity — current ratio 39.0 (99th)
Risks
- Pre-revenue, deep losses — per metrics
- Pre-revenue/clinical-stage — history of losses & need for capital per risk factors
- Binary clinical & funding risk — per 10-K
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Cash burnNegative free cash flow (-83.3M)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $967M cash & investments, ~46 quarters of runway
- Notable holderHeld by 4 notable fund(s): FMR LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +1 more (as of 2026-03-31)
- Insider sellingInsider selling — 8 open-market sale(s) by 7 insider(s) (cluster of 7 insiders, ~$347,145, last 6mo) Form 4 ↗
Key metrics
Return on equity
-11.9%
Return on assets
-11.3%
Current ratio
39.0×
Free cash flow
-$83M
Tangible book value
$957M
Cash & investments
$967M
Cash runway
46q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-11 | Simson Jake | Grant | 5.5K | — |
| 2026-06-11 | Kung Winston | Grant | 5.5K | — |
| 2026-06-11 | Barrett Ronald W | Grant | 5.5K | — |
| 2026-06-11 | CAPPS VICKIE L | Grant | 5.5K | — |
| 2026-06-11 | RA CAPITAL MANAGEMENT, L.P. | Grant | 5.5K | — |
| 2026-06-11 | DOBMEIER ERIC | Grant | 5.5K | — |
| 2026-06-11 | Hernday Natasha | Grant | 5.5K | — |
| 2026-06-02 | Doyle Janeen Noel | Sell | 4.1K | $14.03 |
| 2026-05-11 | Dobek Maria | Sell | 2.0K | $14.17 |
| 2026-02-02 | Go William | Grant | 44K | — |
| 2026-01-02 | Meyer Andrew Hollman | Sell | 1.9K | $13.73 |
| 2026-01-02 | Campbell David Alan | Grant | 97K | — |
| 2026-01-02 | Campbell David Alan | Sell | 8.1K | $13.73 |
| 2026-01-02 | Doyle Janeen Noel | Grant | 36K | — |
| 2026-01-02 | McIver Zachariah | Sell | 2.7K | $13.73 |
| 2026-01-02 | McIver Zachariah | Grant | 29K | — |
| 2026-01-02 | Dobek Maria | Sell | 1.5K | $13.73 |
| 2026-01-02 | Dobek Maria | Grant | 19K | — |
| 2026-01-02 | DiRaimondo Thomas | Sell | 2.5K | $13.73 |
| 2026-01-02 | DiRaimondo Thomas | Grant | 31K | — |
| 2026-01-02 | Winter Charles M. | Sell | 2.4K | $13.73 |
| 2026-01-02 | Winter Charles M. | Grant | 29K | — |
| 2025-12-01 | Meyer Andrew Hollman | Sell | 2.7K | $32.85 |
| 2025-12-01 | Meyer Andrew Hollman | Option exercise | 3.3K | $10.59 |
| 2025-12-01 | Meyer Andrew Hollman | Sell | 633 | $33.52 |
| 2025-11-14 | Meyer Andrew Hollman | Option exercise | 3.3K | $10.59 |
| 2025-11-14 | Meyer Andrew Hollman | Sell | 3.3K | $30.00 |
| 2025-10-28 | Meyer Andrew Hollman | Option exercise | 6.7K | $10.59 |
| 2025-10-28 | Meyer Andrew Hollman | Option exercise | 10.0K | $4.21 |
| 2025-10-28 | Meyer Andrew Hollman | Sell | 17K | $30.06 |
| 2025-06-11 | Gujrathi Sheila | Grant | 3.8K | — |
| 2025-06-11 | RA CAPITAL MANAGEMENT, L.P. | Grant | 3.8K | — |
| 2025-06-11 | Barrett Ronald W | Grant | 3.8K | — |
| 2025-06-11 | CAPPS VICKIE L | Grant | 3.8K | — |
| 2025-06-11 | DOBMEIER ERIC | Grant | 3.8K | — |
| 2025-06-11 | Hernday Natasha | Grant | 3.8K | — |
| 2025-06-11 | McNulty Alana B. | Grant | 3.8K | — |
| 2025-06-11 | Simson Jake | Grant | 3.8K | — |
| 2025-06-11 | Kung Winston | Grant | 3.8K | — |
| 2025-06-02 | Doyle Janeen Noel | Grant | 44K | — |
| 2025-05-01 | Meyer Andrew Hollman | Option exercise | 3.3K | $4.21 |
| 2025-05-01 | Meyer Andrew Hollman | Sell | 2.9K | $31.95 |
| 2025-05-01 | Meyer Andrew Hollman | Sell | 400 | $32.60 |
| 2025-04-21 | Meyer Andrew Hollman | Option exercise | 3.3K | $4.21 |
| 2025-04-21 | Meyer Andrew Hollman | Sell | 3.3K | $30.00 |
| 2025-03-07 | RA CAPITAL MANAGEMENT, L.P. | Buy | 110K | $31.02 |
| 2025-03-06 | RA CAPITAL MANAGEMENT, L.P. | Buy | 372K | $30.78 |
| 2025-03-05 | RA CAPITAL MANAGEMENT, L.P. | Buy | 304K | $30.56 |
| 2025-03-05 | RA CAPITAL MANAGEMENT, L.P. | Buy | 37K | $31.30 |
| 2025-03-03 | Meyer Andrew Hollman | Option exercise | 3.3K | $4.21 |
| 2025-03-03 | Meyer Andrew Hollman | Sell | 2.4K | $31.88 |
| 2025-03-03 | Meyer Andrew Hollman | Sell | 901 | $32.85 |
| 2025-02-03 | Meyer Andrew Hollman | Sell | 816 | $42.77 |
| 2025-02-03 | Meyer Andrew Hollman | Option exercise | 3.3K | $4.21 |
| 2025-02-03 | Meyer Andrew Hollman | Sell | 2.4K | $42.08 |
| 2025-02-03 | Meyer Andrew Hollman | Sell | 100 | $43.60 |
| 2025-01-07 | Campbell David Alan | Sell | 5.0K | $60.00 |
| 2025-01-02 | McIver Zachariah | Grant | 26K | — |
| 2025-01-02 | Winter Charles M. | Grant | 23K | — |
| 2025-01-02 | Campbell David Alan | Grant | 81K | — |
| 2025-01-02 | Robinson Byron | Grant | 28K | — |
| 2025-01-02 | DiRaimondo Thomas | Grant | 24K | — |
| 2025-01-02 | Dobek Maria | Grant | 14K | — |
| 2025-01-02 | Meyer Andrew Hollman | Grant | 18K | — |
| 2025-01-02 | Meyer Andrew Hollman | Sell | 2.9K | $53.76 |
| 2025-01-02 | Meyer Andrew Hollman | Sell | 5.8K | $54.51 |
| 2025-01-02 | Meyer Andrew Hollman | Sell | 3.4K | $55.76 |
| 2025-01-02 | Meyer Andrew Hollman | Sell | 1.0K | $56.78 |
| 2025-01-02 | Meyer Andrew Hollman | Sell | 200 | $57.37 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-23 | 2026-06-23 | 0001193125-26-279428 ↗ |
| 8-K | 2026-06-12 | 2026-06-11 | 0001193125-26-269387 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001193125-26-212146 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001193125-26-211964 ↗ |
| 8-K | 2026-04-28 | 2026-04-28 | 0001193125-26-187641 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001193125-26-076627 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001193125-26-076918 ↗ |
| 8-K | 2026-01-22 | 2026-01-21 | 0001193125-26-019520 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001193125-25-269518 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001193125-25-269799 ↗ |
| 8-K | 2025-09-19 | 2025-09-18 | 0001193125-25-209259 ↗ |
| 8-K | 2025-08-07 | 2025-08-07 | 0000950170-25-105010 ↗ |