Security
Denali Therapeutics Inc. Common Stock · DNLI
DNLINASDAQCommon stockCurrentCIK 1714899Updated Oct 6, 2026
DNLI price & chart
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NASDAQ:DNLI on TradingView ↗In the news
Biogen and Denali Therapeutics Provide Update on Phase 2b LUMA Study of BIIB122 (DNL151) in Early-Stage Parkinson’s Disease ↗
Recent filings
4 filing
144 filing
144 filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 1,055,621,000Source | 1,454,013,000Source | 1,157,955,000Source | 1,166,241,000Source | 1,502,565,000Source | 1,266,023,000Source | 1,271,343,000Source | 1,581,091,000Source | 1,144,854,000Source | 1,374,180,000Source | 1,153,917,000Source | 1,460,242,000Source |
| Property, Plant and Equipment, NetUSD | 53,732,000Source | 50,822,000Source | 49,926,000Source | 58,717,000Source | 48,077,000Source | 51,728,000Source | 57,765,000Source | 46,863,000Source | 52,402,000Source | 55,236,000Source | 45,589,000Source | 44,087,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 90,963,000Source | 90,636,000Source | 201,530,000Source | 141,207,000Source | 74,679,000Source | 387,626,000Source | 56,947,000Source | 60,574,000Source | 205,326,000Source | 174,960,000Source | 127,106,000Source | 218,044,000Source |
| Assets, CurrentUSD | 882,598,000Source | 868,839,000Source | 753,927,000Source | 934,706,000Source | 928,383,000Source | 1,022,752,000Source | 878,638,000Source | 973,575,000Source | 900,658,000Source | 864,436,000Source | 1,064,137,000Source | 1,372,319,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 34,394,000Source | 32,280,000Source | 35,390,000Source | 35,754,000Source | 32,339,000Source | 35,068,000Source | 60,712,000Source | 36,706,000Source | 32,779,000Source | 32,105,000Source | 29,626,000Source | 36,104,000Source |
| Operating Lease, Right-of-Use AssetUSD | 20,035,000Source | 23,717,000Source | 16,793,000Source | 21,022,000Source | 24,533,000Source | 17,922,000Source | 21,963,000Source | 25,309,000Source | 19,002,000Source | 22,861,000Source | 26,048,000Source | 30,437,000Source |
| Other Assets, NoncurrentUSD | 25,106,000Source | 26,487,000Source | 25,825,000Source | 22,970,000Source | 50,578,000Source | 26,220,000Source | 26,934,000Source | 44,621,000Source | 25,939,000Source | 24,741,000Source | 18,143,000Source | 13,399,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 129,424,000Source | 135,518,000Source | 322,777,000Source | 139,188,000Source | 115,514,000Source | 339,925,000Source | 148,657,000Source | 125,616,000Source | 131,093,000Source | 144,496,000Source | 122,963,000Source | 417,812,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | — | — | — | — | — | — | — | — | — | — | 1,711,000Source | 1,686,000Source |
| Additional Paid in CapitalUSD | 2,846,278,000Source | 2,735,433,000Source | 3,142,747,000Source | 2,820,404,000Source | 2,704,992,000Source | 3,104,838,000Source | 2,790,825,000Source | 2,673,033,000Source | 3,062,715,000Source | 2,764,880,000Source | 2,144,811,000Source | 2,018,617,000Source |
| Retained Earnings (Accumulated Deficit)USD | -1,922,975,000Source | -1,424,231,000Source | -2,307,524,000Source | -1,796,073,000Source | -1,317,039,000Source | -2,179,971,000Source | -1,671,954,000Source | -1,218,013,000Source | -2,051,524,000Source | -1,538,984,000Source | -1,116,211,000Source | -970,987,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 1,101,000Source | 5,529,000Source | -1,969,000Source | 939,000Source | -2,659,000Source | -682,000Source | 2,037,000Source | -1,296,000Source | 682,000Source | 2,020,000Source | 643,000Source | -6,886,000Source |
| Stockholders' Equity Attributable to ParentUSD | 926,197,000Source | 1,318,495,000Source | 835,178,000Source | 1,027,053,000Source | 1,387,051,000Source | 926,098,000Source | 1,122,686,000Source | 1,455,475,000Source | 1,013,761,000Source | 1,229,684,000Source | 1,030,954,000Source | 1,042,430,000Source |
| Liabilities and EquityUSD | 1,055,621,000Source | 1,454,013,000Source | 1,157,955,000Source | 1,166,241,000Source | 1,502,565,000Source | 1,266,023,000Source | 1,271,343,000Source | 1,581,091,000Source | 1,144,854,000Source | 1,374,180,000Source | 1,153,917,000Source | 1,460,242,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 90,146,000Source | 87,093,000Source | 90,083,000Source | 91,057,000Source | 74,533,000Source | 110,156,000Source | 91,877,000Source | 82,582,000Source | 98,351,000Source | 102,208,000Source | 77,982,000Source | 363,922,000Source |
| Operating Lease, Liability, CurrentUSD | 9,164,000Source | 8,036,000Source | 10,084,000Source | 8,871,000Source | 7,771,000Source | 9,769,000Source | 8,585,000Source | 7,512,000Source | 9,463,000Source | 8,308,000Source | 7,260,000Source | 7,318,000Source |
| Accounts Payable, CurrentUSD | 6,745,000Source | 9,594,000Source | 11,807,000Source | 10,844,000Source | 13,936,000Source | 40,380,000Source | 8,458,000Source | 11,855,000Source | 3,330,000Source | 11,137,000Source | 9,483,000Source | 2,790,000Source |
| Operating Lease, Liability, NoncurrentUSD | 29,686,000Source | 38,850,000Source | 22,026,000Source | 32,110,000Source | 40,981,000Source | 24,680,000Source | 34,449,000Source | 43,034,000Source | 27,210,000Source | 36,673,000Source | 44,981,000Source | 53,032,000Source |
| Other Liabilities, NoncurrentUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 379,000Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 4,942,000Source | 4,829,000Source | 78,276,000Source | 7,006,000Source | 6,013,000Source | 69,776,000Source | 7,354,000Source | 5,986,000Source | 95,021,000Source | 91,071,000Source | 68,499,000Source | — |
| Intangible Assets, Net (Excluding Goodwill) | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
| Accounts Receivable, after Allowance for Credit Loss, Current | — | — | —Source | — | — | — | — | — | — | — | — | — |
| Inventory, Net | — | — | —Source | — | — | — | — | — | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 2,845,000Source | 2,325,000Source | 11,183,000Source | 7,795,000Source | 16,726,000Source | 10,383,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 23,087,000Source | 25,160,000Source | 99,633,000Source | 102,878,000Source | 108,102,000Source | 99,847,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | 3,875,000Source | -2,639,000Source | -7,520,000Source | 1,437,000Source | 2,431,000Source | 2,274,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -131,204,000Source | -131,468,000Source | -412,600,000Source | -347,694,000Source | -357,991,000Source | -244,716,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | 94,460,000Source | 18,748,000Source | 255,281,000Source | -88,756,000Source | 249,308,000Source | -141,387,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 2,466,000Source | 5,078,000Source | 9,502,000Source | 15,912,000Source | 12,939,000Source | 17,833,000Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 219,044,000Source | -3,762,000Source | 189,216,000Source | 484,304,000Source | 17,820,000Source | 310,670,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 182,300,000Source | -116,482,000Source | 31,897,000Source | 47,854,000Source | -90,863,000Source | -75,433,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 94,069,000Source | 92,211,000Source | 204,636,000Source | 144,313,000Source | 390,732,000Source | 60,053,000Source | 208,432,000Source | 176,535,000Source | 128,681,000Source | 219,544,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 46,000Source | 0Source | 3,000Source | 47,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 25,135,000Source | 24,860,000Source | 22,915,000Source | 25,387,000Source | 23,087,000Source | 25,160,000Source | 99,633,000Source | 102,878,000Source | 108,102,000Source | 99,847,000Source |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalUSD | — | — | 0Source | 0Source | — | 0Source | — | 0Source | 0Source | 14,537,000Source | — | — |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | — | 0Source | 0Source | — | — | 0Source | 0Source | 0Source | 0Source | — | — |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | — | — | — | — | 0Source | 0Source | 14,537,000Source | — | — |
| General and Administrative ExpenseUSD | — | — | 35,484,000Source | 24,949,000Source | — | 32,267,000Source | 33,511,000Source | 29,353,000Source | 136,564,000Source | 105,438,000Source | 103,354,000Source | 90,475,000Source |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 102,000Source | 68,000Source | 30,000Source | 21,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -126,902,000Source | -107,192,000Source | -127,553,000Source | -124,119,000Source | -128,447,000Source | -132,970,000Source | -512,540,000Source | -422,773,000Source | -145,224,000Source | -325,991,000Source |
| Nonoperating Income (Expense)USD | — | — | — | — | — | — | — | — | — | — | 51,505,000Source | 14,774,000Source |
| Operating ExpensesUSD | — | — | 137,434,000Source | 123,187,000Source | — | 134,963,000Source | 137,357,000Source | 145,580,000Source | 555,342,000Source | 501,878,000Source | 527,230,000Source | 449,207,000Source |
| Payments of Financing CostsUSD | — | — | — | — | — | — | — | — | 324,000Source | — | — | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 12,366,000Source | 0Source | — | 0Source | 0Source | 296,215,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | — | — | — | — | 14,455,000Source |
| Amortization of Intangible Assets | — | — | — | — | —Source | —Source | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | — | 0Source | 3,604,000Source | 0Source | — | — | 0Source | 0Source | 330,531,000Source | 105,065,000Source |
| Operating Income (Loss)USD | — | — | -137,434,000Source | -123,187,000Source | -130,541,000Source | -134,963,000Source | -137,357,000Source | -145,580,000Source | -555,342,000Source | -487,341,000Source | -196,699,000Source | -340,744,000Source |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 102,000Source | 68,000Source | 30,000Source | 21,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -126,902,000Source | -107,192,000Source | -127,553,000Source | -124,119,000Source | -128,447,000Source | -132,970,000Source | -512,540,000Source | -422,773,000Source | -145,224,000Source | -325,991,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.74Source | -0.63Source | -0.68Source | -0.72Source | -0.69Source | -0.78Source | -2.97Source | -2.57Source | -1.06Source | -2.6Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.74Source | -0.63Source | -0.68Source | -0.72Source | -0.69Source | -0.78Source | -2.97Source | -2.57Source | -1.06Source | -2.6Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 172,421,492Source | 169,456,988Source | 187,314,501Source | 171,449,847Source | 186,636,978Source | 171,222,030Source | 172,649,097Source | 164,473,772Source | 137,370,897Source | 125,530,703Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 172,421,492Source | 169,456,988Source | 187,314,501Source | 171,449,847Source | 186,636,978Source | 171,222,030Source | 172,649,097Source | 164,473,772Source | 137,370,897Source | 125,530,703Source |
| Additional Financial Items | ||||||||||||
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 102,000Source | 68,000Source | 30,000Source | 21,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | — | 0Source | 0Source | — | — | 0Source | 0Source | 0Source | 0Source | — | — |
| General and Administrative ExpenseUSD | — | — | 35,484,000Source | 24,949,000Source | — | 32,267,000Source | 33,511,000Source | 29,353,000Source | 136,564,000Source | 105,438,000Source | 103,354,000Source | 90,475,000Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | — | — | — | — | — | — | -512,438,000Source | -422,705,000Source | -145,194,000Source | -325,970,000Source |
| Interest and Other IncomeUSD | — | — | 10,532,000Source | 15,995,000Source | 2,988,000Source | 10,844,000Source | 8,910,000Source | 12,610,000Source | 42,904,000Source | 64,636,000Source | — | — |
| Nonoperating Income (Expense)USD | — | — | — | — | — | — | — | — | — | — | 51,505,000Source | 14,774,000Source |
| Operating ExpensesUSD | — | — | 137,434,000Source | 123,187,000Source | — | 134,963,000Source | 137,357,000Source | 145,580,000Source | 555,342,000Source | 501,878,000Source | 527,230,000Source | 449,207,000Source |
| Research and Development ExpenseUSD | — | — | 101,950,000Source | 98,238,000Source | 97,019,000Source | 102,696,000Source | 103,846,000Source | 116,227,000Source | 418,778,000Source | 396,440,000Source | 423,876,000Source | 358,732,000Source |
| Cost of Revenue | — | — | — | — | —Source | —Source | — | — | — | — | — | — |
| Selling, General and Administrative Expense | — | — | — | — | —Source | —Source | — | — | — | — | — | — |
| Amortization of Intangible Assets | — | — | — | — | —Source | —Source | — | — | — | — | — | — |
| Costs and Expenses | — | — | — | — | —Source | —Source | — | — | — | — | — | — |