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Nuvalent, Inc.

NUVL Health Care Biotechnology: Pharmaceutical Preparations
$123.96
Today
as of Oct 22, 16:51 ET
Open
$123.96
High
$123.99
Low
$123.95
Volume
$3M
Avg Vol
$3M
Mkt Cap
$9.8B
P/E (TTM)
—
Beta
—
52w High
$123.99
52w Low
$71.13
Div Yield
—
Shares Out
—

NUVL earnings at a glance

The options market is pricing a move of about ±2.4% after the report, a range of roughly $120.96 to $126.96 from today's $123.96. Over its last 2 reports the stock rose the next day 1 time and fell 1, moving ±4.5% on average; after the most recent report on May 7, 2026 it moved -1.8%. That means options currently expect less movement than NUVL has typically delivered. NUVL beat the consensus EPS estimate in 0 of its last 3 reported quarters. Implied volatility is currently 33%. The share price of $123.96 sits near its 52-week high.

More Health Care stocks · All stocks · Earnings calendar

Overview

52-week range
$71
$124
100% of range
Avg surprise (last 3)
-3.2%
Avg reaction (last 2)
+2.8%
50% positive
Latest IV / EM
33%
EM ±2.4% · $125 · Jul 17

Earnings trends

EPS — actual vs estimate Actual Estimate
$-1.70$-1.40$-1.10$-0.81$-0.51 Actual $-0.51Actual $-0.59Actual $-0.69Actual $-0.88Actual $-1.28Actual $-1.18Est $-1.14Actual $-1.31Est $-1.27Actual $-1.70Actual $-1.39Est $-1.35 JunSepMarJunSepMar/2025Jun/2025SepMar/2026
Revenue vs Net Income Revenue Net income
$-122M$-107M$-91M$-76M$-60M Jun 24Sep 24Mar 25Jun 25Sep 25Mar 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Thu May 7, 2026Mar/2026 $-1.39 $-1.35 -3.0% -17.8% -1.8% earnings
Tue Sep 30, 2025Sep 2025 $-1.70 — — — — financials
Thu Aug 7, 2025Jun/2025 $-1.31 $-1.27 -3.1% — — earnings
Thu May 8, 2025Mar/2025 $-1.18 $-1.14 -3.5% — +7.3% earnings
Mon Sep 30, 2024Sep 2024 $-1.28 — — — — financials
Sun Jun 30, 2024Jun 2024 $-0.88 — — — — financials
Sun Mar 31, 2024Mar 2024 $-0.69 — — — — financials
Sat Sep 30, 2023Sep 2023 $-0.59 — — — — financials
Fri Jun 30, 2023Jun 2023 $-0.51 — — — — financials

Financials

Income statement (quarterly)

MetricMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue————————
Cost of revenue————————
Gross profit————————
Operating income$-119M—$-113M$-105M$-95M—$-76M$-65M
Net income$-109M—$-122M$-100M$-85M—$-84M$-57M
EPS (diluted)$-1.39—$-1.70$-1.39$-1.18—$-1.28$-0.88

Balance sheet (quarterly)

MetricMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Cash & equivalents$160M$262M$116M$127M$121M$146M$369M$78M
Inventory————————
Total current assets$1.31B$1.39B$957M$1.02B$1.09B$1.13B$1.18B$666M
Total assets$1.33B$1.41B$980M$1.04B$1.11B$1.14B$1.19B$675M
Long-term debt————————
Total liabilities$157M$164M$135M$101M$95M$72M$68M$38M
Total equity$1.17B$1.25B$845M$940M$1.01B$1.07B$1.12B$637M

Implied volatility — last 90 days

6%21%36%51%65% Jun 07 — IV 52% · EM ±7.1%Jun 08 — IV 54% · EM ±7.1%Jun 09 — IV 16% · EM ±2.1%Jun 10 — IV 14% · EM ±1.6%Jun 11 — IV 28% · EM ±3.1%Jun 12 — IV 33% · EM ±3.3%Jun 15 — IV 36% · EM ±2.6%Jun 16 — IV 47% · EM ±2.8%Jun 17 — IV 66% · EM ±2.8%Jun 19 — IV 11% · EM ±2.4%Jun 22 — IV 11% · EM ±2.4%Jun 23 — IV 12% · EM ±2.4%Jun 24 — IV 12% · EM ±2.4%Jun 25 — IV 6% · EM ±1.3%Jun 26 — IV 7% · EM ±1.3%Jun 29 — IV 10% · EM ±1.7%Jun 30 — IV 7% · EM ±1.3%Jul 01 — IV 14% · EM ±2.4%Jul 02 — IV 15% · EM ±2.4%Jul 03 — IV 15% · EM ±2.4%Jul 06 — IV 18% · EM ±2.5%Jul 07 — IV 18% · EM ±2.4%Jul 08 — IV 20% · EM ±2.5%Jul 09 — IV 20% · EM ±2.4%Jul 10 — IV 22% · EM ±2.4%Jul 13 — IV 16% · EM ±1.3%Jul 14 — IV 33% · EM ±2.4%

Sector peers

NUVL earnings FAQ

What is NUVL's expected move for earnings?

Options currently price a move of about ±2.4%, or $3.00 per share either way from $123.96.

How does NUVL stock usually react to earnings?

Across the last 2 reports the average next-day move was ±4.5%, up 1 times and down 1 times.

What is NUVL's implied volatility?

NUVL's at-the-money implied volatility is about 33% based on the latest options snapshot.

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