NASDAQ$RXRX

Recursion Pharmaceuticals Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Recursion Pharmaceuticals reported its Q1 2024 financial results and provided business updates.

Recursion Pharmaceuticals reported a revenue of $13.8 million and a net loss of $91.4 million for the first quarter of 2024. The company is on track to read out multiple Phase 2 clinical trials in the coming quarters and has completed performance benchmarking on its next-generation supercomputer, BioHive-2.

  • On track to read out multiple Phase 2 clinical trials in the coming quarters, beginning in Q3 2024.
  • Performance benchmarking completed on BioHive-2, Recursion's next generation supercomputer.
  • Transcriptomics technology has continued to be scaled to more than 1 million transcriptomes.
  • Entered into a multi-year agreement with Helix to access hundreds of thousands of de-identified records.

Headline financials

Total Revenue

$13.8M

Previous: $12.1M+13.7%
EPS (adj)

-$0.39

Previous: -$0.34-14.7%
Capital Expenditures

-$6.65M

Previous: -$5.18M-28.6%
Free Cash Flow

-$98M

Previous: -$70.5M-39.0%
Net Income

-$91.4M

Previous: -$65.3M-39.9%
Operating Income

-$96.3M

Previous: -$69.9M-37.9%
Gross Profit

$2.63M

Previous: -$314K+936.9%
Cash & Equivalents

$296M

Previous: $473M-37.4%
Total Assets

$558M

Previous: $627M-11.1%
R&D Expense

$64.2M

No prior period
Stock-Based Comp

$16.1M

Previous: $8.81M+83.0%

Revenue & EPS history

Recursion Pharmaceuticals · Revenue · Quarterly

$13.8M

Q1 2024+13.7%vs Q1 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Recursion Pharmaceuticals · $1 total across 1 segment · Q2 2023

  • Grant Revenue
    $1

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-3.1%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+7.2%

Avg return

30 days after

32%

8 / 25 earnings

Positive

+11.6%

Q1 2023

Best reaction

-16.5%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.8%-3.3%-1.8%
Q4 2025+6.5%+2.8%-16.7%
Q3 2025-0.6%-9.8%-5.8%
Q1 2025-16.5%-24.0%-13.9%
Q4 2024-12.3%-16.9%-29.6%
Q3 2024+1.6%+15.0%+17.4%
Q2 2024-1.3%+2.7%-7.1%
Q1 2024+0.1%+17.0%-0.9%
Q4 2023-12.3%-13.2%-32.5%
Q3 2023-3.0%+14.7%+35.0%
Q2 2023-0.5%-13.2%-24.2%
Q1 2023+11.6%+2.5%+75.8%
Q4 2022+7.1%+11.4%-11.3%
Q3 2022+8.9%+32.8%-0.6%
Q2 2022+4.4%+27.4%+35.8%
Q1 2022-9.4%+1.4%+34.4%
Q4 2019-0.7%-1.7%-14.2%
Q4 2021-0.7%-1.7%-14.2%
Q3 2020-9.1%-4.3%-3.2%
Q3 2021-9.1%-4.3%-3.2%
Q2 2020-10.8%-17.2%+23.1%
Q2 2021-10.8%-17.2%+23.1%
Q1 2020-7.1%-3.6%+37.8%
Q1 2021-7.1%-3.6%+37.8%
Q4 2020-7.1%-3.6%+37.8%

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