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Side-by-side financial comparison of Janux Therapeutics, Inc. (JANX) and Prime Medicine, Inc. (PRME). Click either name above to swap in a different company.

Janux Therapeutics, Inc. produced more free cash flow last quarter ($-28.6M vs $-37.5M).

Janux Therapeutics, Inc. is a clinical-stage biotechnology company specializing in developing novel T cell engager immunotherapies for treating solid tumors and hematological malignancies. It primarily operates in the U.S. biopharmaceutical market, focusing on the oncology segment to address unmet medical needs for patients with hard-to-treat cancers.

Prime Medicine, Inc. is an American biotechnology company developing gene therapies based on prime editing. The company is headquartered in Cambridge, Massachusetts.

JANX vs PRME — Head-to-Head

Bigger by revenue
PRME
PRME
Infinity× larger
PRME
$838.0K
$0
JANX
More free cash flow
JANX
JANX
$8.9M more FCF
JANX
$-28.6M
$-37.5M
PRME

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JANX
JANX
PRME
PRME
Revenue
$0
$838.0K
Net Profit
$-31.9M
$-46.1M
Gross Margin
Operating Margin
-5800.5%
Net Margin
-5498.7%
Revenue YoY
-61.6%
Net Profit YoY
-58.0%
-9.0%
EPS (diluted)
$-0.51
$-0.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
JANX
JANX
PRME
PRME
Q4 25
$0
$838.0K
Q3 25
$10.0M
$1.2M
Q2 25
$0
$1.1M
Q1 25
$0
$1.5M
Q4 24
$0
$2.2M
Q3 24
$439.0K
Q2 24
$8.9M
$0
Q1 24
$1.3M
$591.0K
Net Profit
JANX
JANX
PRME
PRME
Q4 25
$-31.9M
$-46.1M
Q3 25
$-24.3M
$-50.6M
Q2 25
$-33.9M
$-52.6M
Q1 25
$-23.5M
$-51.9M
Q4 24
$-20.2M
$-42.3M
Q3 24
$-28.1M
Q2 24
$-6.0M
$-55.3M
Q1 24
$-14.8M
$-45.8M
Operating Margin
JANX
JANX
PRME
PRME
Q4 25
-5800.5%
Q3 25
-352.5%
-4406.0%
Q2 25
-4787.2%
Q1 25
-3603.3%
Q4 24
-2025.7%
Q3 24
-8164.5%
Q2 24
-155.4%
Q1 24
-1610.3%
-8179.5%
Net Margin
JANX
JANX
PRME
PRME
Q4 25
-5498.7%
Q3 25
-243.1%
-4129.1%
Q2 25
-4716.7%
Q1 25
-3568.8%
Q4 24
-1936.6%
Q3 24
-6391.6%
Q2 24
-67.0%
Q1 24
-1178.9%
-7743.0%
EPS (diluted)
JANX
JANX
PRME
PRME
Q4 25
$-0.51
$-0.22
Q3 25
$-0.39
$-0.32
Q2 25
$-0.55
$-0.41
Q1 25
$-0.38
$-0.40
Q4 24
$-0.36
$-0.31
Q3 24
$-0.51
Q2 24
$-0.11
$-0.46
Q1 24
$-0.30
$-0.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
JANX
JANX
PRME
PRME
Cash + ST InvestmentsLiquidity on hand
$966.6M
$63.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$956.8M
$120.9M
Total Assets
$1.0B
$342.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JANX
JANX
PRME
PRME
Q4 25
$966.6M
$63.0M
Q3 25
$989.0M
$71.4M
Q2 25
$996.0M
$53.8M
Q1 25
$1.0B
$91.9M
Q4 24
$1.0B
$182.5M
Q3 24
$658.0M
Q2 24
$646.3M
$55.6M
Q1 24
$651.8M
$94.2M
Stockholders' Equity
JANX
JANX
PRME
PRME
Q4 25
$956.8M
$120.9M
Q3 25
$976.6M
$161.8M
Q2 25
$990.5M
$60.9M
Q1 25
$1.0B
$106.9M
Q4 24
$1.0B
$153.1M
Q3 24
$656.1M
Q2 24
$657.7M
$196.6M
Q1 24
$655.8M
$243.8M
Total Assets
JANX
JANX
PRME
PRME
Q4 25
$1.0B
$342.7M
Q3 25
$1.0B
$385.0M
Q2 25
$1.0B
$279.0M
Q1 25
$1.1B
$328.2M
Q4 24
$1.1B
$297.5M
Q3 24
$695.0M
Q2 24
$691.4M
$259.7M
Q1 24
$689.0M
$311.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
JANX
JANX
PRME
PRME
Operating Cash FlowLast quarter
$-28.5M
$-37.3M
Free Cash FlowOCF − Capex
$-28.6M
$-37.5M
FCF MarginFCF / Revenue
-4480.4%
Capex IntensityCapex / Revenue
34.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-83.3M
$-167.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JANX
JANX
PRME
PRME
Q4 25
$-28.5M
$-37.3M
Q3 25
$-12.9M
$-35.0M
Q2 25
$-23.8M
$-41.4M
Q1 25
$-17.0M
$-48.9M
Q4 24
$-16.7M
$16.2M
Q3 24
$-2.2M
Q2 24
$-10.0M
$-45.5M
Q1 24
$-14.8M
$-67.7M
Free Cash Flow
JANX
JANX
PRME
PRME
Q4 25
$-28.6M
$-37.5M
Q3 25
$-12.9M
$-35.3M
Q2 25
$-24.3M
$-43.0M
Q1 25
$-17.4M
$-51.3M
Q4 24
$-16.8M
$14.5M
Q3 24
$-2.3M
Q2 24
$-10.1M
$-47.4M
Q1 24
$-15.0M
$-70.0M
FCF Margin
JANX
JANX
PRME
PRME
Q4 25
-4480.4%
Q3 25
-129.5%
-2880.5%
Q2 25
-3855.1%
Q1 25
-3526.8%
Q4 24
662.1%
Q3 24
-513.9%
Q2 24
-113.7%
Q1 24
-1200.8%
-11849.6%
Capex Intensity
JANX
JANX
PRME
PRME
Q4 25
34.6%
Q3 25
0.9%
20.2%
Q2 25
141.0%
Q1 25
166.6%
Q4 24
82.0%
Q3 24
5.7%
Q2 24
1.1%
Q1 24
15.7%
393.2%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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