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Denali Therapeutics Inc. (DNLI) 10-Year Financial Performance & Capital Metrics

DNLI • • Industrial / General
HealthcareBiotechnologyNeurology & CNS DisordersAlzheimer's & Neurodegenerative
AboutDenali Therapeutics Inc., a biopharmaceutical company, discovers and develops therapeutic candidates for neurodegenerative diseases in the United States. It offers leucine-rich repeat kinase 2 (LRRK2) inhibitor product candidate, including BIIB122/DNL151, a small molecule inhibitor, which is in phase I and phase Ib clinical trials for the treatment of Parkinson's disease. The company also develops DNL310 that is in Phase I/II clinical trials for the treatment of hunter syndrome; DNL343, which is in phase 1 clinical trial the treatment of amyotrophic lateral sclerosis (ALS); AR443820/DNL788 completed a phase I clinical trial for the treatment of ALS, multiple sclerosis (MS), and Alzheimer's disease; and SAR443122/DNL758, which is in phase II clinical trial for the treatment of cutaneous lupus erythematosus. It has collaboration agreement with Takeda Pharmaceutical Company, Genentech, Inc., Sanofi, F-star Gamma Limited, F-star Biotechnologische Forschungs-Und Entwicklungsges M.B.H, F-star Biotechnology Limited, SIRION Biotech GmbH, Genzyme Corporation, Harvard University, the Michael J. Fox Foundation, and Centogene; and a research and option agreement with Secarna Pharmaceuticals GmbH & Co. KG. to develop antisense therapies in the field of neurodegenerative diseases. The company was formerly known as SPR Pharma Inc. and changed its name to Denali Therapeutics Inc. in March 2015. Denali Therapeutics Inc. was incorporated in 2013 and is headquartered in South San Francisco, California.Show more
  • Revenue $0 -100.0%
  • EBITDA -$478M -165.8%
  • Net Income -$423M -191.1%
  • EPS (Diluted) -2.57 -142.5%
  • Gross Margin -
  • EBITDA Margin -
  • Operating Margin -
  • Net Margin -
  • ROE -37.4% -167.0%
  • ROIC -35.49% -121.5%
  • Debt/Equity 0.04 -21.8%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Shares diluted 19.7% in last year
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-16.67%

EPS CAGR

10Y-
5Y-
3Y-
TTM-5.43%

ROCE

10Y Avg-28.86%
5Y Avg-21.74%
3Y Avg-30.58%
Latest-41.51%

Peer Comparison

Alzheimer's & Neurodegenerative
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Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+000129.16M26.68M335.66M48.66M108.46M330.53M0
Revenue Growth %-----0.79%11.58%-0.86%1.23%2.05%-1%
Cost of Goods Sold+121K1.47M3.08M7.42M193.38M212.62M0000
COGS % of Revenue---0.06%7.25%0.63%----
Gross Profit+-121K-1.47M-3.08M121.75M-166.7M123.04M48.66M108.46M330.53M0
Gross Margin %---0.94%-6.25%0.37%1%1%1%-
Gross Profit Growth %--11.14%-1.1%40.5%-2.37%1.74%-0.6%1.23%2.05%-1%
Operating Expenses+16.68M87.43M90.14M175.53M46.48M60.33M344.41M449.21M527.23M487.34M
OpEx % of Revenue---1.36%1.74%0.18%7.08%4.14%1.6%-
Selling, General & Admin5.11M11.73M15.68M32.35M46.48M60.33M79.06M90.47M103.35M105.44M
SG&A % of Revenue---0.25%1.74%0.18%1.62%0.83%0.31%-
Research & Development11.57M75.7M74.46M143.18M193.38M212.62M265.35M358.73M423.88M396.44M
R&D % of Revenue---1.11%7.25%0.63%5.45%3.31%1.28%-
Other Operating Expenses0000-193.38M-212.62M000-14.54M
Operating Income+-16.68M-87.43M-90.14M-46.37M-213.18M62.72M-295.75M-340.74M-196.7M-487.34M
Operating Margin %----0.36%-7.99%0.19%-6.08%-3.14%-0.6%-
Operating Income Growth %--4.24%-0.03%0.49%-3.6%1.29%-5.72%-0.15%0.42%-1.48%
EBITDA+-16.56M-85.96M-87.06M-38.96M-205.19M71.25M-287.16M-330.36M-179.97M-478.35M
EBITDA Margin %----0.3%-7.69%0.21%-5.9%-3.05%-0.54%-
EBITDA Growth %--4.19%-0.01%0.55%-4.27%1.35%-5.03%-0.15%0.46%-1.66%
D&A (Non-Cash Add-back)121K1.47M3.08M7.42M7.99M8.53M8.59M10.38M16.73M8.99M
EBIT-16.68M-87.43M-90.14M-46.37M-213.18M62.72M-295.75M-340.74M-196.7M-501.88M
Net Interest Income+-109K0010.13M15.22M9.24M4.59M14.77M51.51M64.64M
Interest Income0781K1.96M10.13M15.22M9.24M4.59M14.77M51.51M64.64M
Interest Expense109K01.96M0000000
Other Income/Expense-109K781K1.96M10.13M15.92M9.24M4.59M14.77M51.51M64.64M
Pretax Income+-16.79M-86.65M-88.19M-36.24M-197.26M71.96M-291.16M-325.97M-145.19M-422.7M
Pretax Margin %----0.28%-7.39%0.21%-5.98%-3.01%-0.44%-
Income Tax+0000351K823K-575K21K30K68K
Effective Tax Rate %1%1%1%1%1%0.99%1%1%1%1%
Net Income+-16.79M-86.65M-88.19M-36.24M-197.61M71.14M-290.58M-325.99M-145.22M-422.77M
Net Margin %----0.28%-7.41%0.21%-5.97%-3.01%-0.44%-
Net Income Growth %--4.16%-0.02%0.59%-4.45%1.36%-5.08%-0.12%0.55%-1.91%
Net Income (Continuing)-16.79M-86.65M-88.19M-36.24M-197.61M71.14M-290.58M-325.99M-145.22M-422.77M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-5.58-13.49-5.89-0.39-2.070.63-2.39-2.60-1.06-2.57
EPS Growth %--1.42%0.56%0.93%-4.31%1.3%-4.79%-0.09%0.59%-1.42%
EPS (Basic)-5.58-13.49-5.89-0.39-2.070.65-2.39-2.60-1.06-2.57
Diluted Shares Outstanding3.01M6.42M14.96M92.62M95.61M112.7M121.52M125.53M137.37M164.47M
Basic Shares Outstanding3.01M6.42M14.96M92.62M95.61M108.97M121.52M125.53M137.37M164.47M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+33.43M181.96M409.61M480.84M430.03M1.5B897.23M1.37B1.06B864.44M
Cash & Short-Term Investments30.74M178.33M406.23M464.3M415.36M1.47B865.41M1.34B1.03B832.33M
Cash Only30.74M39.85M218.38M77.12M79.45M507.14M293.48M218.04M127.11M174.96M
Short-Term Investments0138.48M187.85M387.17M335.91M962.55M571.93M1.12B907.4M657.37M
Accounts Receivable0438K464K8.55M001.23M9.28M3.42M2.17M
Days Sales Outstanding---24.15--9.231.243.78-
Inventory00-464K-8.55M000000
Days Inventory Outstanding----------
Other Current Assets0001.35M025.96M0000
Total Non-Current Assets+3.25M89.11M77.11M181.15M123.2M108.63M506.93M87.92M89.78M509.74M
Property, Plant & Equipment3.17M15.26M14.92M25.16M80.66M73.46M69.61M74.52M71.64M125.63M
Fixed Asset Turnover---5.13x0.33x4.57x0.70x1.46x4.61x-
Goodwill0000000000
Intangible Assets0000000000
Long-Term Investments84K73.08M60.75M147.88M39.89M34.2M425.45M00359.37M
Other Non-Current Assets0770K1.44M8.11M2.66M962K11.87M13.4M18.14M24.74M
Total Assets+36.68M271.07M486.72M661.98M553.23M1.6B1.4B1.46B1.15B1.37B
Asset Turnover---0.20x0.05x0.21x0.03x0.07x0.29x-
Asset Growth %-6.39%0.8%0.36%-0.16%1.9%-0.12%0.04%-0.21%0.19%
Total Current Liabilities+3.48M9.11M14.16M32.79M45.34M71.7M378.25M363.92M77.98M102.21M
Accounts Payable1.71M1.96M2.72M1.89M2.59M1.07M4.78M2.79M9.48M11.14M
Days Payables Outstanding5.17K487.74321.6593.084.891.84----
Short-Term Debt000004.69M0000
Deferred Revenue (Current)0001000K1000K1000K1000K1000K00
Other Current Liabilities148K701K918K9.52M8.74M21.95M19.01M17.09M21.59M38.86M
Current Ratio9.60x19.98x28.92x14.67x9.48x20.86x2.37x3.77x13.65x8.46x
Quick Ratio9.60x19.98x28.95x14.93x9.48x20.86x2.37x3.77x13.65x8.46x
Cash Conversion Cycle----------
Total Non-Current Liabilities+48.84M7.44M6.76M82.35M113M382.05M63.63M53.89M44.98M42.29M
Long-Term Debt0000000000
Capital Lease Obligations000068.86M64.17M58.55M53.03M44.98M36.67M
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities48.84M7.44M6.76M25M379K701K379K379K05.62M
Total Liabilities52.32M16.55M20.93M115.14M158.34M453.75M441.87M417.81M122.96M144.5M
Total Debt+000072.53M68.86M64.01M60.35M52.24M48.71M
Net Debt-30.74M-39.85M-218.38M-77.12M-6.92M-438.28M-229.47M-157.69M-74.86M-126.25M
Debt / Equity----0.18x0.06x0.07x0.06x0.05x0.04x
Debt / EBITDA-----0.97x----
Net Debt / EBITDA------6.15x----
Interest Coverage-153.02x--46.11x-------
Total Equity+-15.63M254.52M465.8M546.85M394.89M1.15B962.29M1.04B1.03B1.23B
Equity Growth %-17.28%0.83%0.17%-0.28%1.91%-0.16%0.08%-0.01%0.19%
Book Value per Share-5.2039.6231.135.904.1310.217.928.307.507.48
Total Shareholders' Equity-15.63M254.52M465.8M546.85M394.89M1.15B962.29M1.04B1.03B1.23B
Common Stock170K2.69M1.2M1.27M1.29M1.53M1.55M1.69M1.71M1.77M
Retained Earnings-16.86M-103.51M-191.7M-227.94M-425.55M-354.42M-645M-970.99M-1.12B-1.54B
Treasury Stock0000000000
Accumulated OCI-48.31M-373K-368K-649K350K-245K-2.5M-6.89M643K2.02M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-15.05M-72.36M-76.64M50.12M-151.58M416.15M-211.39M-244.72M-357.99M-347.69M
Operating CF Margin %---0.39%-5.68%1.24%-4.34%-2.26%-1.08%-
Operating CF Growth %--3.81%-0.06%1.65%-4.02%3.75%-1.51%-0.16%-0.46%0.03%
Net Income-16.79M-86.65M-88.19M-36.24M-197.61M71.14M-290.58M-325.99M-145.22M-422.77M
Depreciation & Amortization121K1.47M3.08M7.42M7.99M8.53M8.59M10.38M16.73M8.99M
Stock-Based Compensation479K2.95M4.41M18.79M38.38M50.35M85.25M99.85M0102.88M
Deferred Taxes0307K00055K0000
Other Non-Cash Items710K5.28M754K-2.74M-3.25M-2.32M5.76M-4.92M60.43M-53.73M
Working Capital Changes426K4.29M3.31M62.89M2.92M288.4M-20.41M-24.03M-289.93M16.94M
Change in Receivables0000000000
Change in Inventory0000000000
Change in Payables1.68M161K207K-526K1.03M-1.62M3.71M2.27M2.43M1.44M
Cash from Investing+-3.06M-219M-41.17M-287.42M147.71M-623.21M-21.63M-141.39M249.31M-88.76M
Capital Expenditures-3.06M-6.13M-2.88M-3.39M-17.92M-3.1M-8.5M-17.83M-12.94M-15.91M
CapEx % of Revenue---0.03%0.67%0.01%0.17%0.16%0.04%-
Acquisitions----------
Investments----------
Other Investing0-212.87M-38.29M-284.03M0-620.11M0-123.55M00
Cash from Financing+48.85M300.48M296.32M97.02M6.19M634.75M19.35M310.67M17.82M484.3M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing510K111K733K2.61M6.19M20.66M19.35M14.46M017.39M
Net Change in Cash----------
Free Cash Flow+-18.11M-78.49M-79.51M46.72M-169.5M413.06M-219.89M-262.55M-370.93M-363.61M
FCF Margin %---0.36%-6.35%1.23%-4.52%-2.42%-1.12%-
FCF Growth %--3.33%-0.01%1.59%-4.63%3.44%-1.53%-0.19%-0.41%0.02%
FCF per Share-6.03-12.22-5.310.50-1.773.67-1.81-2.09-2.70-2.21
FCF Conversion (FCF/Net Income)0.90x0.84x0.87x-1.38x0.77x5.85x0.73x0.75x2.47x0.82x
Interest Paid0000000000
Taxes Paid000000210K47K00

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)--72.55%-24.49%-7.16%-41.97%9.21%-27.51%-32.52%-14.01%-37.4%
Return on Invested Capital (ROIC)--77.93%-29.26%-9.7%-37.28%8.55%-30.7%-31.6%-16.03%-35.49%
Gross Margin---94.26%-624.87%36.66%100%100%100%-
Net Margin----28.06%-740.74%21.19%-597.15%-300.56%-43.94%-
Debt / Equity----0.18x0.06x0.07x0.06x0.05x0.04x
Interest Coverage-153.02x--46.11x-------
FCF Conversion0.90x0.84x0.87x-1.38x0.77x5.85x0.73x0.75x2.47x0.82x
Revenue Growth-----79.34%1158.19%-85.5%122.9%204.74%-100%

Revenue by Segment

201820192020
Alzheimer's Disease Services3.9M3.5M3.4M
Alzheimer's Disease Services Growth--10.26%-2.86%

Frequently Asked Questions

Growth & Financials

Denali Therapeutics Inc. (DNLI) saw revenue decline by 100.0% over the past year.

Denali Therapeutics Inc. (DNLI) reported a net loss of $498.7M for fiscal year 2024.

Dividend & Returns

Denali Therapeutics Inc. (DNLI) has a return on equity (ROE) of -37.4%. Negative ROE indicates the company is unprofitable.

Denali Therapeutics Inc. (DNLI) had negative free cash flow of $410.8M in fiscal year 2024, likely due to heavy capital investments.

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