Denali Therapeutics Inc. (DNLI) Stock

Denali Therapeutics Inc. (DNLI) is a Healthcare stock trading at $24.96 (as of 2026-08-20), with a market capitalization of $3.99B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Denali 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.

Understand Denali Therapeutics Inc.: how it makes money

Denali Therapeutics is a biopharmaceutical company developing drug candidates for neurodegenerative diseases, including a leucine-rich repeat kinase 2 (LRRK2) inhibitor program for Parkinson's disease (BIIB122/DNL151), and additional early-stage candidates for Hunter syndrome (DNL310) and amyotrophic lateral sclerosis (ALS) (DNL343), with clinical development currently underway in Phase I, Phase Ib, and Phase I/II studies.

Denali's path to profitability is driven by clinical success, because its key therapeutic candidates are in early clinical phases, meaning future commercial value depends on whether these trials produce the safety and efficacy outcomes required for advancement and regulatory approval.

Business quality (Weak): The company has multiple early-stage programs across neurodegenerative-related indications, and the provided operating updates focus on trial enrollment and biomarker activity, but there is no segment breakdown or mature product performance data included here.

Bull case

  • Multiple clinical programs in different neuro and related indications: Denali is advancing BIIB122/DNL151 for Parkinson's disease in Phase I and Phase Ib, DNL310 for Hunter syndrome in Phase I/II, and DNL343 for ALS in Phase 1.
  • Operational progress signals in the LUMA study: The Phase 2b LUMA study shows a reported enrollment size, and provides biomarker-related targets and results such as LRRK2 inhibition phosphoserine 935.

Bear case

  • High clinical-stage uncertainty: The key programs referenced are in early phases (Phase I, Phase Ib, and Phase I/II/Phase 1), so outcomes that matter for approval are not yet established.
  • Biomarker and duration metrics may not translate into efficacy: The provided operating updates include biomarker measures and treatment-duration ranges in the LUMA study, but these do not by themselves confirm clinical benefit.
Valuation — source: SEC EDGAR (first-party)
Price$24.96
Market Cap$3.99B
Price / Book4.78
Price / Sales1107.05
FCF Yield-10.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$0.00
Revenue Growth (YoY)-100.0%
EPS Growth (YoY)142.5%
FCF Growth (YoY)-2.0%
Financial Health — source: SEC EDGAR
Altman Z-Score14.85 (safe)
Valuation vs Sector & Industry
Sector P/E (Healthcare)21.6
Industry P/E (Pharmaceutical Products)17.2
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($250.26M)
Institutional Holders Tracked10
Company
SectorHealthcare
IndustryPharmaceutical Products
CEORyan J. Watts
Employees443
CountryUS
IPO Date2017-12-08

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DNLI earnings history · DNLI institutional & insider holders · DNLI KPIs & operating metrics · DNLI financials · DNLI investor presentations & press releases · DNLI SEC filings · DNLI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.