Jun 2026 (Q2 FY26) — Aug 5, 2026
Recursion Pharmaceuticals, Inc. Q2 FY26 — AI-Native Engine Drives Pipeline Progress and OpEx Efficiency
Read the full callRecursion Pharmaceuticals earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 7.7 | −60.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -1759.7 | −842.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -131 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $5.86 on 17 Oct 2025 → $3.61. High $6.68 (20 Oct 2025), low $2.84 (30 Mar 2026).
Overview
Call summaries
Recursion Pharmaceuticals, Inc. Q2 FY26 — AI-Native Engine Drives Pipeline Progress and OpEx Efficiency
Read the full callEvery analysed call
Financials
Net profit, year on year: +24% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 26 | 5 | 15 | 19 | 5 | 36 | 6 | 8 |
| Expenses | 124 | 188 | 206 | 195 | 177 | 144 | 135 | 143 |
| Operating profit | -98 | -184 | -191 | -176 | -172 | -108 | -129 | -135 |
| Operating margin | −377.1% | −4042.4% | −1297.8% | −916.8% | −3327.6% | −304.8% | −1985.5% | −1759.7% |
| Other income | 3 | 5 | -11 | 4 | 10 | 0 | 6 | 4 |
| Interest | 1 | 1 | 1 | 0 | 1 | -0 | 0 | 0 |
| Profit before tax | -96 | -179 | -203 | -172 | -162 | -108 | -122 | -131 |
| Tax rate | −0.2% | 0.0% | 0.1% | 0.0% | 0.0% | −0.0% | 3.8% | 0.0% |
| Net profit | -96 | -179 | -202 | -172 | -162 | -108 | -118 | -131 |
| EPS ($ per share) | -0.34 | — | -0.50 | -0.41 | -0.36 | — | -0.22 | -0.25 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | — | -214 | -400 | -640 | -968 | -1,431 | -2,076 |
| Total liabilities | — | 57 | 67 | 215 | 190 | 414 | 343 |
| Fixed assets | — | 26 | 65 | 88 | 87 | 141 | 104 |
| Investments | — | 0 | 231 | 0 | — | — | — |
| Total assets | — | 299 | 610 | 701 | 654 | 1,449 | 1,474 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -57 | -45 | -159 | -84 | -288 | -359 | -372 |
| Cash from investing | -4 | -9 | -272 | 193 | -10 | 260 | -17 |
| Cash from financing | 120 | 246 | 459 | 154 | 140 | 304 | 522 |
| Net cash flow | 59 | 192 | 28 | 264 | -158 | 202 | 151 |
| Capital expenditure | -4 | -6 | -40 | -37 | -12 | -14 | -6 |
| Free cash flow | -61 | -51 | -198 | -121 | -300 | -373 | -378 |
105 filings between Oct 23, 2025 and Oct 6, 2026.
Purchases
None
No insider bought shares.
Sales
$8.22M
36 sales by 6 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 16 conversions, 5 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Borgeson Blake | — | $4.34M | Oct 6, 2026 |
| Gibson Christopher | — | $2.76M | Jun 5, 2026 |
| Khan Najat | — | $806.5K | Sep 8, 2026 |
| Taylor Ben R | — | $157.7K | Mar 17, 2026 |
| HERSHBERG ROBERT | — | $125.0K | Oct 6, 2026 |
| Bumpus Namandje | — | $28.1K | Jun 18, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 6, 2026 | HERSHBERG ROBERT Director | Option exercise 10b5-1 plan | 25,000 | $55.5K |
| Oct 6, 2026 | HERSHBERG ROBERT Director | Sale 10b5-1 plan | 25,000 | $125.0K |
| Oct 6, 2026 | Borgeson Blake Director | Sale 10b5-1 plan | 50,000 | $242.0K |
| Oct 1, 2026 | Dar Zavain Director | Award | 4,607 | $0 |
| Oct 1, 2026 | Li Dean Y Director | Award | 3,378 | $0 |
| Sep 15, 2026 | Taylor Ben R Chief Financial Officer | Tax withheld | 5,396 | $18.4K |
| Sep 8, 2026 | Khan Najat CEO and President | Sale 10b5-1 plan | 22,408 | $78.8K |
| Sep 1, 2026 | Borgeson Blake Director | Sale 10b5-1 plan | 30,000 | $100.2K |
| Aug 17, 2026 | Khan Najat CEO and President | Tax withheld | 80,498 | $254.4K |
| Aug 17, 2026 | Taylor Ben R Chief Financial Officer | Tax withheld | 25,018 | $79.1K |
| Aug 17, 2026 | Hallett David Chief Scientific Officer | Tax withheld | 26,657 | $84.2K |
| Aug 4, 2026 | Borgeson Blake Director | Sale 10b5-1 plan | 30,000 | $97.5K |
| Jul 7, 2026 | Borgeson Blake Director | Sale 10b5-1 plan | 40,000 | $158.5K |
| Jul 1, 2026 | Dar Zavain Director | Award | 5,109 | $0 |
| Jul 1, 2026 | Li Dean Y Director | Award | 3,747 | $0 |
| Jun 18, 2026 | Bumpus Namandje Director | Sale 10b5-1 plan | 3,963 | $12.6K |
| Jun 17, 2026 | Borgeson Blake Director | Award | 88,424 | $0 |
| Jun 17, 2026 | HERSHBERG ROBERT Director | Award | 88,424 | $0 |
| Jun 17, 2026 | Michor Franziska Director | Award | 88,424 | $0 |
| Jun 17, 2026 | Sun Elaine D Director | Award | 88,424 | $0 |
| Jun 17, 2026 | Dar Zavain Director | Award | 88,424 | $0 |
| Jun 17, 2026 | Bumpus Namandje Director | Award 10b5-1 plan | 88,424 | $0 |
| Jun 17, 2026 | Li Dean Y Director | Award | 88,424 | $0 |
| Jun 15, 2026 | Taylor Ben R Chief Financial Officer | Tax withheld | 5,396 | $17.0K |
| Jun 5, 2026 | Gibson Christopher Director | Conversion 10b5-1 plan | 40,000 | $0 |
| Jun 5, 2026 | Gibson Christopher Director | Sale 10b5-1 plan | 40,000 | $144.8K |
| Jun 5, 2026 | Khan Najat CEO and President | Sale 10b5-1 plan | 23,588 | $84.5K |
| Jun 3, 2026 | Bumpus Namandje Director | Sale 10b5-1 plan | 4,386 | $15.5K |
| Jun 2, 2026 | Borgeson Blake Director | Sale 10b5-1 plan | 30,000 | $110.4K |
| May 22, 2026 | Gibson Christopher Director | Conversion 10b5-1 plan | 40,000 | $0 |
| May 22, 2026 | Gibson Christopher Director | Sale 10b5-1 plan | 40,000 | $123.2K |
| May 15, 2026 | Taylor Ben R Chief Financial Officer | Tax withheld | 25,018 | $76.1K |
| May 15, 2026 | Gibson Christopher Director | Tax withheld | 22,821 | $69.4K |
| May 15, 2026 | Khan Najat CEO and President | Tax withheld | 62,701 | $190.6K |
| May 15, 2026 | Hallett David Chief Scientific Officer | Tax withheld | 26,657 | $81.0K |
| May 7, 2026 | Gibson Christopher Director | Gift 10b5-1 plan | 20,000 | $0 |
| May 7, 2026 | Gibson Christopher Director | Sale 10b5-1 plan | 40,000 | $134.8K |
| May 7, 2026 | Gibson Christopher Director | Conversion 10b5-1 plan | 60,000 | $0 |
| May 5, 2026 | Borgeson Blake Director | Sale 10b5-1 plan | 30,000 | $105.6K |
| Apr 22, 2026 | Gibson Christopher Director | Conversion 10b5-1 plan | 40,000 | $0 |
| Apr 22, 2026 | Gibson Christopher Director | Sale 10b5-1 plan | 40,000 | $144.4K |
| Apr 7, 2026 | Gibson Christopher Director | Sale 10b5-1 plan | 40,000 | $124.0K |
| Apr 7, 2026 | Gibson Christopher Director | Conversion 10b5-1 plan | 40,000 | $0 |
| Apr 7, 2026 | Borgeson Blake Director | Sale 10b5-1 plan | 30,000 | $93.0K |
| Apr 6, 2026 | Taylor Ben R Chief Financial Officer | Tax withheld | 48,028 | $149.4K |
| Apr 1, 2026 | Dar Zavain Director | Award | 4,902 | $0 |
| Apr 1, 2026 | Li Dean Y Director | Award | 3,268 | $0 |
| Mar 23, 2026 | Gibson Christopher Director | Conversion 10b5-1 plan | 40,000 | $0 |
| Mar 23, 2026 | Gibson Christopher Director | Sale 10b5-1 plan | 40,000 | $130.0K |
| Mar 17, 2026 | Taylor Ben R Chief Financial Officer | Sale 10b5-1 plan | 7,956 | $27.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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