Denali Therapeutics Inc. logo

Denali Therapeutics Inc.

DNLI

NASDAQHealthcareBiotechnology

Latest quote

$24.91

−$0.03 · -0.12%

Aug 21, 3:59 PM ET

DNLI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

34

Expensive

Momentum

68

Gaining

Sentiment

69

Bullish

Risk resilience

63

Moderate Risk

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Company profile

Company website

Denali Therapeutics Inc. is a biopharmaceutical firm, founded in 2013 and based in South San Francisco, California, which focuses on identifying and advancing treatments for neurodegenerative conditions within the United States. The company, initially known as SPR Pharma Inc. until its renaming in March 2015, possesses a robust development pipeline. This includes BIIB122/DNL151, a small molecule inhibitor targeting leucine-rich repeat kinase 2 (LRRK2), currently in Phase 1 and Phase 1b clinical trials for Parkinson's disease. Another candidate, DNL310, is progressing through Phase 1/2 clinical studies for Hunter syndrome. For amyotrophic lateral sclerosis (ALS), DNL343 is in Phase 1 trials, while AR443820/DNL788 has successfully concluded its Phase 1 clinical trial for ALS, multiple sclerosis (MS), and Alzheimer's disease. Furthermore, SAR443122/DNL758 is undergoing Phase 2 clinical trials for cutaneous lupus erythematosus. Denali Therapeutics is engaged in extensive collaborative efforts with a range of partners, including Takeda Pharmaceutical Company, Genentech, Inc., Sanofi, F-star Gamma Limited, F-star Biotechnologische Forschungs-Und Entwicklungsges M.B.H, F-star Biotechnology Limited, SIRION Biotech GmbH, Genzyme Corporation, Harvard University, the Michael J. Fox Foundation, and Centogene. It also maintains a research and option agreement with Secarna Pharmaceuticals GmbH & Co. KG to co-develop antisense therapies specifically for neurodegenerative diseases.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Ryan J. Watts
Listed since
Dec 8, 2017
Employees
503

Market position

Volume
680.99K
0.39× average
Average volume
1.74M
Average daily volume
Market cap
3.96B USD
Beta
1
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.73B USD
P/E (TTM)
-8.77×
P/B (TTM)
5.59×
P/S (TTM)
1,097.4×
EV / EBITDA
-5.48×
Earnings yield
-17.69%
Free cash flow yield
-14.57%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-61.04%
Operating margin
-15058.19%
Net margin
-14191.20%
Return on equity
-50.56%
Return on assets
-44.77%
Return on invested capital
-52.59%

Financial health

Debt / equity
0.03×
Current ratio
9.16×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends171%-112%-395%-679%Gross margin, FY2021: 100.00%Gross margin, FY2022: 100.00%Gross margin, FY2023: 100.00%Operating margin, FY2021: -607.78%Operating margin, FY2022: -314.16%Operating margin, FY2023: -59.51%Net margin, FY2021: -597.15%Net margin, FY2022: -300.56%Net margin, FY2023: -43.94%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 100.00%. Gross margin FY2022 100.00%. Gross margin FY2023 100.00%. Operating margin FY2021 -607.78%. Operating margin FY2022 -314.16%. Operating margin FY2023 -59.51%. Net margin FY2021 -597.15%. Net margin FY2022 -300.56%. Net margin FY2023 -43.94%.

Income trends

Revenue

330.53M USD+204.74%

Operating income

−555.34M USD-13.95%

Net income

−512.54M USD-21.23%
Income trends across reported periods419.12M USD64.77M USD−289.58M USD−643.93M USDRevenue, FY2021: 48.66M USDRevenue, FY2022: 108.46M USDRevenue, FY2023: 330.53M USDOperating income, FY2021: −295.75M USDOperating income, FY2022: −340.74M USDOperating income, FY2023: −196.7M USDOperating income, FY2024: −487.34M USDOperating income, FY2025: −555.34M USDNet income, FY2021: −290.58M USDNet income, FY2022: −325.99M USDNet income, FY2023: −145.22M USDNet income, FY2024: −422.77M USDNet income, FY2025: −512.54M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 48.66M USD. Revenue FY2022 108.46M USD. Revenue FY2023 330.53M USD. Operating income FY2021 −295.75M USD. Operating income FY2022 −340.74M USD. Operating income FY2023 −196.7M USD. Operating income FY2024 −487.34M USD. Operating income FY2025 −555.34M USD. Net income FY2021 −290.58M USD. Net income FY2022 −325.99M USD. Net income FY2023 −145.22M USD. Net income FY2024 −422.77M USD. Net income FY2025 −512.54M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue330.53M USD108.46M USD48.66M USD
Cost of goods sold11.18M USD
Gross profit−11.18M USD330.53M USD108.46M USD48.66M USD
Research and development418.78M USD396.44M USD423.88M USD358.73M USD265.35M USD
Selling, general, and administrative97.1M USD105.44M USD103.35M USD90.48M USD79.06M USD
Operating expenses544.16M USD487.34M USD527.23M USD449.21M USD344.41M USD
Interest income42.9M USD64.64M USD51.51M USD14.77M USD4.6M USD
Depreciation and amortization14.81M USD8.99M USD16.73M USD10.38M USD8.59M USD
Operating income−555.34M USD−487.34M USD−196.7M USD−340.74M USD−295.75M USD
Net income−512.54M USD−422.77M USD−145.22M USD−325.99M USD−290.58M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-1.49%
11 comparable reports
Latest EPS result
-0.68
Estimate -0.51 · Miss by 32.54%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.37-0.52-0.67-0.82Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual -0.67, estimate -0.75, surprise +10.67%, Beat. Q2 2025, reported May 6, 2025: actual -0.78, estimate -0.71, surprise -9.86%, Miss. Q3 2025, reported Aug 11, 2025: actual -0.72, estimate -0.74, surprise +2.70%, Beat. Q4 2025, reported Nov 6, 2025: actual -0.74, estimate -0.76, surprise +2.63%, Beat. Q1 2026, reported Feb 26, 2026: actual -0.73, estimate -0.75, surprise +2.67%, Beat. Q2 2026, reported May 7, 2026: actual -0.69, estimate -0.73, surprise +5.48%, Beat. Q3 2026, reported Aug 6, 2026: actual -0.68, estimate -0.513, surprise -32.54%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate -0.406, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates13.6M9.68M5.75M1.83MQ1 '25EstimateQ2 '25EstimateQ3 '25EstimateQ4 '25EstimateQ1 '26EstimateQ2 '26EstimateQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual —, estimate 12.75M USD, surprise —, Comparison unavailable. Q2 2025, reported May 6, 2025: actual —, estimate 2.97M USD, surprise —, Comparison unavailable. Q3 2025, reported Aug 11, 2025: actual —, estimate 5.64M USD, surprise —, Comparison unavailable. Q4 2025, reported Nov 6, 2025: actual —, estimate 2.86M USD, surprise —, Comparison unavailable. Q1 2026, reported Feb 26, 2026: actual —, estimate 3.08M USD, surprise —, Comparison unavailable. Q2 2026, reported May 7, 2026: actual —, estimate 2.57M USD, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 3.6M USD, estimate 2.15M USD, surprise +67.29%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 12.31M USD, surprise —, Comparison unavailable.

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