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Nasdaq · Healthcare

Recursion Pharmaceuticals, Inc. (RXRX)

As-reported financials and SEC filings for Recursion Pharmaceuticals, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Recursion Pharmaceuticals, Inc.

Recursion Pharmaceuticals, Inc. is a clinical-stage biotechnology company that uses an AI-powered platform called the Recursion Operating System to discover and develop new medicines. The company focuses on creating small molecule drug candidates for oncology and rare diseases, advancing both internal programs and partnerships with other pharmaceutical companies. Recursion integrates biological data, AI-driven molecule design, and clinical development to improve the efficiency and success rate of drug discovery.

Snapshot

Revenue
$74.7M
Revenue growth (YoY)
26.9%
Net income
$-644.8M
Diluted EPS
$-1.44
Gross margin
—
Operating margin
—
Net margin
—
FCF margin
—
ROE
-57.0%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$2.06B
Long-term debt / equity
0.01×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Recursion Pharmaceuticals

  • Revenue grew 26.9% to $75M in FY2025, slower than the 32.0% the year before.
  • Operating margin is -867.9% in FY2025, +927.9 pp against -1795.8% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $8M, down 60.1% from Q2 FY2025.
  • Free cash flow was negative $378M in FY2025.
  • Net loss widened to $645M in FY2025, from $464M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Recursion Pharmaceuticals’s fundamentals sit among the 71 biotech companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Revenue growth (YoY)+26.9%
57th percentile of 64
ROE-57.0%
28th percentile of 61
Long-term debt / equity0.01×
11th percentile of 20
Short interest6.13d
56th percentile of 71

Recursion Pharmaceuticals’s long-term debt to equity of 0.01 ranks in the 11th percentile of the 20 biotech companies reporting it.

No reported insider purchases (code P) in the last 90 days; 5 insider sales totaling $643,522. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+5 quant / multi-strat
Initiated / added
3
1 new, 2 added
Reduced / exited
5
4 trimmed, 1 exited
Combined position
$173.0M
reported long value
InvestorAs ofPosition valueSharesChange
ARK Investment ManagementQ2 2026$151.7M41.3MAdded
Two Sigma InvestmentsquantQ2 2026$12.3M3.4MReduced
Millennium ManagementquantQ2 2026$6.7M1.8MReduced
AQR Capital ManagementquantQ2 2026$1.5M422.1KAdded
Citadel AdvisorsquantQ2 2026$471,514128.5KReduced
D. E. ShawquantQ2 2026$139,14437.9KReduced
Bridgewater AssociatesQ2 2026$138,23837.7KNew

No longer held by: Renaissance Technologies (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
5
$644K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-10-06
filed 2026-10-07
Blake BorgesonDirectorSell50.0K$4.84$242K
2026-10-06
filed 2026-10-07
Robert HershbergDirectorSell25.0K$5.00$125K
2026-09-08
filed 2026-09-10
Najat KhanCEO and PresidentSell22.4K$3.52$79K
2026-09-01
filed 2026-09-02
Blake BorgesonDirectorSell30.0K$3.34$100K
2026-08-04
filed 2026-08-06
Blake BorgesonDirectorSell30.0K$3.25$98K
2026-07-07
filed 2026-07-09
Blake BorgesonDirectorSell40.0K$3.96$159K
2026-06-18
filed 2026-06-22
Namandje BumpusDirectorSell4.0K$3.18$13K
2026-06-05
Christopher GibsonDirectorSell40.0K$3.62$145K
2026-06-05
Najat KhanCEO and PresidentSell23.6K$3.58$84K
2026-06-03
filed 2026-06-04
Namandje BumpusDirectorSell4.4K$3.54$16K
2026-06-02
filed 2026-06-04
Blake BorgesonDirectorSell30.0K$3.68$110K
2026-05-22
filed 2026-05-27
Christopher GibsonDirectorSell40.0K$3.08$123K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
157.9M
settled 2026-09-30
Change vs prior
-11.6%
vs previous settlement
Days to cover
6.13
at avg daily volume
Avg daily volume
25.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-30157.9M-11.6%6.13
2026-09-15178.7M-0.2%12.56
2026-08-31179.1M+0.7%10.60
2026-08-14177.9M-1.6%13.37
2026-07-31180.8M+0.0%9.31
2026-07-15180.8M+4.9%6.72
2026-06-30172.3M-6.4%8.39
2026-06-15184.0M+12.0%8.36

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$74.7M$58.8M$44.6M$39.8M$10.2M
Gross profit—
Operating income$-648.1M$-479.0M$-350.1M$-245.7M$-182.8M
Net income$-644.8M$-463.7M$-328.1M$-239.5M$-186.5M
Diluted EPS$-1.44$-1.69$-1.58$-1.36$-1.49

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-371.8M$-359.2M$-287.8M$-83.5M$-158.6M
Capital expenditure$6.5M$13.7M$12.0M$37.1M$39.8M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$7.7M-60.1%$-131.0M$-0.25
Q1 FY2026$6.5M-56.1%$-117.5M$-0.22
Q4 FY2025681.7%
Q3 FY2025$5.2M-80.2%$-162.3M$-0.36
Q2 FY2025$19.2M33.3%$-171.9M$-0.41
Q1 FY2025$14.7M6.9%$-202.5M$-0.50
Q4 FY2024-58.3%
Q3 FY2024$26.1M147.6%$-95.8M—

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryBiological Products, (No Diagnostic Substances)
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2014
SEC CIK1601830

Selected SEC filings

10-Q2026-08-05
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
8-K2026-10-15
View on EDGAR →
8-K2026-09-21
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-06-18
View on EDGAR →

Largest biotech peers

All biotech stocks →All Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.