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Side-by-side financial comparison of Nurix Therapeutics, Inc. (NRIX) and Verastem, Inc. (VSTM). Click either name above to swap in a different company.

Nurix Therapeutics, Inc. is the larger business by last-quarter revenue ($13.6M vs $11.2M, roughly 1.2× Verastem, Inc.). Nurix Therapeutics, Inc. runs the higher net margin — -576.1% vs -876.3%, a 300.2% gap on every dollar of revenue.

Nurix Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing novel targeted protein degradation therapies for cancer, immune disorders and other serious unmet medical needs. Its core pipeline leverages proprietary E3 ubiquitin ligase modulation technology, with operations primarily based in the United States and collaborative partnerships with global pharmaceutical firms.

Verastem, Inc., doing business as Verastem Oncology, is an American pharmaceutical company that develops medicines to treat certain cancers. Headquartered and founded in Boston, Massachusetts, the firm is a member of NASDAQ Biotechnology Index.

NRIX vs VSTM — Head-to-Head

Bigger by revenue
NRIX
NRIX
1.2× larger
NRIX
$13.6M
$11.2M
VSTM
Higher net margin
NRIX
NRIX
300.2% more per $
NRIX
-576.1%
-876.3%
VSTM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NRIX
NRIX
VSTM
VSTM
Revenue
$13.6M
$11.2M
Net Profit
$-78.2M
$-98.5M
Gross Margin
Operating Margin
-612.0%
-362.2%
Net Margin
-576.1%
-876.3%
Revenue YoY
2.2%
Net Profit YoY
-33.6%
-311.1%
EPS (diluted)
$-0.83
$-1.35

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
NRIX
NRIX
VSTM
VSTM
Q4 25
$13.6M
Q3 25
$7.9M
$11.2M
Q2 25
$44.1M
$2.1M
Q1 25
$18.5M
Q4 24
$13.3M
Q3 24
$12.6M
$0
Q2 24
$12.1M
$10.0M
Q1 24
$16.6M
Net Profit
NRIX
NRIX
VSTM
VSTM
Q4 25
$-78.2M
Q3 25
$-86.4M
$-98.5M
Q2 25
$-43.5M
$-25.9M
Q1 25
$-56.4M
Q4 24
$-58.5M
Q3 24
$-49.0M
$-24.0M
Q2 24
$-44.5M
$-8.3M
Q1 24
$-41.5M
Operating Margin
NRIX
NRIX
VSTM
VSTM
Q4 25
-612.0%
Q3 25
-1157.7%
-362.2%
Q2 25
-109.7%
-2047.9%
Q1 25
-340.7%
Q4 24
-486.7%
Q3 24
-433.8%
Q2 24
-401.4%
-182.8%
Q1 24
-272.6%
Net Margin
NRIX
NRIX
VSTM
VSTM
Q4 25
-576.1%
Q3 25
-1094.8%
-876.3%
Q2 25
-98.7%
-1213.6%
Q1 25
-305.4%
Q4 24
-440.7%
Q3 24
-388.9%
Q2 24
-368.4%
-82.6%
Q1 24
-250.3%
EPS (diluted)
NRIX
NRIX
VSTM
VSTM
Q4 25
$-0.83
Q3 25
$-1.03
$-1.35
Q2 25
$-0.52
$-0.62
Q1 25
$-0.67
Q4 24
$-0.74
Q3 24
$-0.67
$-0.60
Q2 24
$-0.71
$-0.31
Q1 24
$-0.76

Balance Sheet & Financial Strength

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

Metric
NRIX
NRIX
VSTM
VSTM
Cash + ST InvestmentsLiquidity on hand
$247.0M
$137.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$538.7M
$-15.5M
Total Assets
$688.1M
$176.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRIX
NRIX
VSTM
VSTM
Q4 25
$247.0M
Q3 25
$78.4M
$137.7M
Q2 25
$84.3M
$164.3M
Q1 25
$75.9M
Q4 24
$110.0M
Q3 24
$99.0M
$113.2M
Q2 24
$116.8M
$83.4M
Q1 24
$49.8M
Total Debt
NRIX
NRIX
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$40.5M
Q2 24
$40.3M
Q1 24
Stockholders' Equity
NRIX
NRIX
VSTM
VSTM
Q4 25
$538.7M
Q3 25
$372.3M
$-15.5M
Q2 25
$447.6M
$36.1M
Q1 25
$480.9M
Q4 24
$527.0M
Q3 24
$376.9M
$11.1M
Q2 24
$370.7M
$18.9M
Q1 24
$168.7M
Total Assets
NRIX
NRIX
VSTM
VSTM
Q4 25
$688.1M
Q3 25
$522.5M
$176.9M
Q2 25
$591.6M
$196.3M
Q1 25
$615.0M
Q4 24
$669.3M
Q3 24
$513.6M
$126.4M
Q2 24
$511.0M
$105.7M
Q1 24
$312.7M
Debt / Equity
NRIX
NRIX
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
3.66×
Q2 24
2.14×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
NRIX
NRIX
VSTM
VSTM
Operating Cash FlowLast quarter
$-67.8M
$-36.2M
Free Cash FlowOCF − Capex
$-73.0M
FCF MarginFCF / Revenue
-537.4%
Capex IntensityCapex / Revenue
37.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-263.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NRIX
NRIX
VSTM
VSTM
Q4 25
$-67.8M
Q3 25
$-57.4M
$-36.2M
Q2 25
$-63.2M
$-32.7M
Q1 25
$-61.1M
Q4 24
$-48.8M
Q3 24
$-42.2M
$-23.8M
Q2 24
$-39.7M
$-27.6M
Q1 24
$-42.0M
Free Cash Flow
NRIX
NRIX
VSTM
VSTM
Q4 25
$-73.0M
Q3 25
$-60.1M
Q2 25
$-65.8M
Q1 25
$-64.6M
Q4 24
$-50.9M
Q3 24
$-44.5M
Q2 24
$-41.6M
$-27.6M
Q1 24
$-44.8M
FCF Margin
NRIX
NRIX
VSTM
VSTM
Q4 25
-537.4%
Q3 25
-761.3%
Q2 25
-149.4%
Q1 25
-349.9%
Q4 24
-382.8%
Q3 24
-353.7%
Q2 24
-344.4%
-275.8%
Q1 24
-270.3%
Capex Intensity
NRIX
NRIX
VSTM
VSTM
Q4 25
37.8%
Q3 25
34.3%
Q2 25
6.1%
Q1 25
18.9%
Q4 24
15.8%
Q3 24
18.6%
Q2 24
16.0%
0.1%
Q1 24
17.4%

Financial Flow Comparison

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

Revenue Breakdown by Segment

NRIX
NRIX

Pfizer$11.9M88%
Gilead Agreement$1.7M13%

VSTM
VSTM

Segment breakdown not available.

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