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Denali Therapeutics Inc. (DNLI) stock

DNLINasdaqBiological Products, (No Diagnostic Substances)Fiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 3, 2026Score 6/30
$19.73−0.12 (-0.60%)

Close on Nov 11, 2026Market cap $3.15BP/E –Yield –

Denali Therapeutics Inc. reported revenue of $0 for fiscal 2025. Free cash flow was -$437.46M. At the latest close the market valued the company at $3.15B.

Revenue
$0
FY2025
Operating income
-$542.70M
TTM Q2 2026
Free cash flow
-$437.46M
TTM Q2 2026
EPS, diluted
-$2.84
TTM Q2 2026

Key statistics

Valuation at the latest close; fundamentals over fiscal 2025, balances at Jun 30, 2026

Valuation

Market cap
$3.15B
P/E ratio
–
Price to sales
–
Price to book
3.78
Dividend yield
–
Free cash flow yield
-13.87%

Fundamentals

Revenue
$0
Net income
-$511.45M
EPS, diluted
-$2.84
Free cash flow
-$437.46M
Book value per share
$4.46
Diluted shares
187M

Trading

Next earnings
Feb 25, 2027 (estimated, during market hours)
Previous close
$19.85
Open
$19.91
Day's range
$19.63 – $20.24
Volume
873,559
Average volume (20 days)
1,690,836
Index membership
Russell 2000, Russell 3000
Beta (5 years)
1.68
52-week range
$15.18 – $27.30
RSI (14 days)
50.9
Volatility (1 year)
55.3%
Relative volume
0.53×
WACC
13.3%

Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2017, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodDNLIS&P 500DifferenceDNLI per yearS&P 500 per year
1 month+1.4%-2.4%+3.8 pts
3 months-20.1%-1.2%−18.9 pts
Year to date+19.5%+12.3%+7.2 pts
1 year+12.2%+12.4%−0.2 pts
3 years+21.6%+78.8%−57.2 pts+6.7%+21.4%
5 years-61.4%+75.2%−136.5 pts-17.3%+11.9%

Eleven years at a glance

Fiscal years 2015 to 2025 and trailing twelve months, USD

Revenue

–

Operating income

-$542.70M

Net income

-$511.45M

EPS, diluted

-$2.84

Free cash flow

-$437.46M
Reported periodTrailing twelve months

Press releases

Releases Denali Therapeutics filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Denali Therapeutics

Biological Products, (No Diagnostic Substances)

Denali Therapeutics discovers and develops biotherapeutic medicines designed to treat serious conditions, primarily central nervous system diseases, lysosomal storage disorders, and neurodegenerative illnesses like Alzheimer's and Parkinson's. The company utilizes its proprietary TransportVehicle platform, an engineering approach that leverages receptor-mediated pathways to transport large molecules such as enzymes, oligonucleotides, and antibodies across the blood-brain barrier. Its pipeline includes enzyme replacement therapies such as tividenofusp alfa for Hunter syndrome and DNL126 for Sanfilippo syndrome type A, alongside programs targeting tau and amyloid pathologies in Alzheimer's disease and small-molecule candidates for Parkinson's disease. Denali serves patients with severe genetic and neurodegenerative conditions, collaborating with biopharmaceutical partners like Biogen and Takeda for clinical development and commercialization.

Company profile, executives and history

Denali Therapeutics stock: common questions

What is Denali Therapeutics's stock price?

DNLI closed at $19.73 on Nov 11, 2026, down 0.60% on the day. Over the past 52 weeks it traded between $15.18 and $27.30.

What is Denali Therapeutics's market cap?

Denali Therapeutics was worth $3.15B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is DNLI's P/E ratio?

Denali Therapeutics lost money over the twelve months to Jun 30, 2026 (diluted EPS -$2.84), so it has no meaningful P/E ratio.

How much revenue does Denali Therapeutics make?

Denali Therapeutics reported revenue of $0 for fiscal 2025.

Does Denali Therapeutics pay a dividend?

No. Denali Therapeutics has not paid a cash dividend over the last twelve months.

When does Denali Therapeutics report earnings next?

Denali Therapeutics is expected to report Q4 FY2026 results on Feb 25, 2027, during market hours. The date is estimated from its past reporting pattern until the company confirms it.

How has DNLI stock performed over the past year?

Including dividends, DNLI returned +12.2% over the past year, against +12.4% for the S&P 500.

How many DNLI shares are sold short?

15M shares were sold short at the latest FINRA report, 9.85% of the float, or 9.9 days of average trading volume.

Who are Denali Therapeutics's competitors?

Companies most similar to Denali Therapeutics by business, industry and size include VYGR, ALEC, PASG, BIIB, MGTX.

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