10x Insights
Loading account…
Companies / Healthcare / RECURSION PHARMACEUTICALS, INC.
RXRX

RECURSION PHARMACEUTICALS, INC.

HealthcareBiological Products
Ticker RXRXSALT LAKE CITY, UTFiscal year ends DecemberBook value per share $1.72Diluted shares 530.9M

Recursion Pharmaceuticals, Inc. (NASDAQ: RXRX) is a clinical-stage biotechnology company operating at the intersection of artificial intelligence and drug discovery. The company's website is www.recursion.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$74.68M
+26.9% year over year
Last 12 mo $54.86M
-867.87%
−53.8 percentage points
Last 12 mo -991.70%
$-644.76M
−39.1% year over year
Last 12 mo $-518.88M
-57.01%
−12.2 percentage points
Last 12 mo -56.71%
Cash & financing
$-371.81M
−3.5% year over year
Last 12 mo $-350.48M
$-378.28M
−1.5% year over year
Last 12 mo $-352.27M
0.02
Was 0.03× a year earlier
Last 12 mo 0.02
447.4M
+63.2% year over year
Last 12 mo 530.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What RECURSION PHARMACEUTICALS, INC. does

In the company’s own words

Recursion Pharmaceuticals, Inc. (NASDAQ: RXRX) is a clinical-stage biotechnology company operating at the intersection of artificial intelligence and drug discovery. The company's website is www.recursion.com.

Recursion has developed an integrated, AI-native operating system called the Recursion OS that spans the entire drug discovery and development value chain from biological research through clinical trials. The platform combines proprietary multimodal biological data generation, AI-powered small molecule synthesis, and AI-enabled clinical development to identify and advance novel therapeutic candidates. The company's approach aims to reshape the traditional drug discovery funnel by leveraging advanced computational tools to identify candidates with the highest probability of success earlier in development, thereby reducing timelines and capital requirements compared to conventional methods.

The company maintains a portfolio combining wholly owned programs and strategic partnerships with major pharmaceutical companies. Recursion's internal pipeline includes five clinical-stage programs and multiple preclinical programs focused on oncology and rare diseases. The company has established significant partnerships with Roche and Genentech, Sanofi, Bayer, and Merck KGaA, generating over five hundred million dollars in upfront and progress-based milestone payments to date, with potential for additional payments exceeding twenty billion dollars before royalties.

Recursion's core capabilities rest on three foundational elements: proprietary data generated through automated high-throughput laboratories capable of running over two million experiments weekly, purpose-built AI models and compute infrastructure including the BioHive-2 supercomputer, and integrated teams of scientists and engineers fluent in both life sciences and technology. The company's platform generates value through advancing differentiated investigational medicines while building pipelines for pharmaceutical partners across oncology, neuroscience, immunology, and other therapeutic areas with significant unmet medical needs.

The company is a non-accelerated filer with the Securities and Exchange Commission and has identified material weaknesses in internal control over financial reporting. Recursion operates as a clinical-stage entity without approved commercial products or product revenue, relying on partnership payments and capital raises to fund operations.

Company details
Sector
Healthcare
Industry
Biological Products
Headquarters
SALT LAKE CITY, UT
Fiscal year end
December
CIK
1601830
SIC
2836

Financial performance, year by year

Fiscal 2021–2025 · USD
$-716.70M$-500.87M$-285.04M$-69.21M$146.63M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns RECURSION PHARMACEUTICALS, INC. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

174
funds hold it
0 of 35
superinvestors hold it
$604.52M
held by funds, at market
31.4%
of shares held by funds

Largest fund holders · RECURSION PHARMACEUTICALS, INC.’s weight in each

0.76%of fund net assets
ARK Innovation ETF
ARKK · ARK ETF Trust
1.16%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.06%of fund net assets
ARK Genomic Revolution ETF
ARKG · ARK ETF Trust
3.51%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do RECURSION PHARMACEUTICALS, INC. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of RECURSION PHARMACEUTICALS, INC.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in RECURSION PHARMACEUTICALS, INC.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.