All currency values in $ millions unless otherwise noted
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| Income Statement | DEC 2025 | DEC 2024 | DEC 2023 | DEC 2022 ~2.3:1 split | DEC 2021 ~7.6:1 split |
|---|---|---|---|---|---|
| General & Administrative | $107 | $63 | $36 | $22 | $10 |
| Research & Development | $307 | $218 | $113 | $64 | $36 |
| Total Operating Expenses | $414 | $280 | $149 | $86 | $46 |
| Operating Income | -$414 | -$280 | -$149 | -$86 | -$46 |
| Non-Operating | |||||
| Net Interest Expense | $45 | $38 | $23 | $4 | – |
| Other Non-Operating Income (Expense) | -$55 | -$18 | -$0 | -$0 | -$1 |
| EBT (Earnings Before Tax) | -$425 | -$260 | -$126 | -$82 | – |
| Income Tax Expense | $1 | $1 | $0 | $0 | – |
| Net Income | |||||
| Net Income | -$425 | -$261 | -$126 | -$82 | -$46 |
| EPS (Basic) | -$5.85 | -$3.93 | -$2.17 | -$1.65 | -$2.13 |
| EPS (Diluted) | -$5.85 | -$3.93 | -$2.17 | -$1.65 | -$2.13 |
| Weighted Avg Shares (Basic) | 72.7M | 66.4M | 58.2M | 49.7M | 21.8M |
| Weighted Avg Shares (Diluted) | 72.7M | 66.4M | 58.2M | 49.7M | 21.8M |
| Shares Outstanding | 72.7M | 66.4M | 58.2M | 49.7M | 21.8M |
Nuvalent (NUVL) financials: revenue, profit and margins
Nuvalent (NUVL) generated about n/a in revenue and -$450 million in net income over the trailing twelve months. Figures are from SEC filings; this is analysis, not investment advice.
Frequently asked
Is Nuvalent profitable?+
Nuvalent reported about -$450 million in net loss over the trailing twelve months. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.
SourceFinancial statements computed from the 10-Q filed 7 May 2026, covering the period ending 31 Mar 2026, as reported to the SEC. Data last refreshed 4 Sept 2026. How this is calculated.
Fiscal year ends Dec.
Peers
Pharmaceutical Preparations · Pick stocks to compare with NUVL
Held by ETFs
NUVL is in 12 US ETFs. The largest of them, with NUVL's weight in each:
John Hancock Multifactor Mid Cap ETFJHMM0.04%of the fund
Fidelity Enhanced Small Cap ETFFESM0.11%of the fund
Avantis U.S. Large Cap Equity ETFAVLC0.01%of the fund
Invesco Dorsey Wright SmallCap Momentum ETFDWAS0.99%of the fund
- CATema Oncology ETFCANC3.37%of the fund
- RURussell Investments U.S. Small Cap Equity Active ETFRUSC0.26%of the fund
Spot a number that looks wrong? Check it in NUVL's SEC filings or
Download this analysis as a PDF (Pro)
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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