Full-Time
Updated on 8/12/2026
Data-driven drug discovery platform leveraging datasets
$212.9k - $288k/yr
Salt Lake City, UT, USA + 1 more
More locations: New York, NY, USA
Remote
Fully remote with occasional travel for collaboration, team events, meetings, or other business needs.
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Recursion uses hardware, software, and data to accelerate drug discovery in the TechBio space, running thousands of wet-lab experiments weekly to profile genes and compounds across many cell types. It combines a massive proprietary dataset (about 50 petabytes) with a powerful computing platform, BioHive 1, to map billions of gene–compound relationships and generate actionable drug candidates. Its approach blends high-throughput experimentation with large-scale data science to create learning loops and partnerships with pharmaceutical companies, research institutions, and healthcare providers. Its goal is to decode biology at scale and discover and commercialize medicines that can improve patient lives.
Company Size
501-1,000
Company Stage
IPO
Headquarters
Salt Lake City, Utah
Founded
2013
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Performance Bonus
Company Equity
Hybrid Work Options
Recursion Pharmaceuticals reported a second-quarter loss of 25 cents per share, worse than the estimated 23-cent loss. This compares to a 41-cent loss in the year-ago quarter. Total revenues fell 60% year-over-year to $7.67 million, missing the $14 million estimate. The decline stemmed from lower collaboration revenues with Roche and Genentech following completion of certain project phases. Research and development expenses decreased 30% to $89.6 million, reflecting lower platform costs and improved efficiency. General and administrative expenses fell 11% to $41.5 million. The company held $556.8 million in cash as of 30 June, down from $665.2 million at quarter-end March. Recursion expects current cash reserves to fund operations into early 2028. Shares dropped 4.2% on Wednesday following the results.
Recursion Pharmaceuticals reported Q2 2026 results, highlighting its AI-driven drug discovery platform's progress. The company lowered full-year 2026 cash operating expense guidance to $375 million, nearly 40% below 2024 levels. Recursion's collaboration with Roche-Genentech identified a previously unexplored neuroscience target, triggering part of $260 million in milestone payments. The platform can move from target to candidate in 1.5 years using approximately 330 compounds, versus industry benchmarks of 4 years and 2,500 compounds. The company holds approximately $557 million in cash, providing runway through early 2028. Phase II data for REC-4881 in FAP will be presented in November, with Phase I trial for REC-7735 expected later this year. Recursion appointed a new Chief AI Officer and Head of Drug Design to strengthen its AI capabilities.
Recursion Pharmaceuticals reported mixed Q2 2026 results, with revenue falling to $7.67 million from $19.22 million year-over-year, though its net loss narrowed to $131.01 million. Loss per share improved to $0.25. The AI-driven drug discovery company announced that Genentech has advanced a neuroscience target into joint early discovery. Recursion also provided updates on REC-4881 Phase 2 data and the upcoming REC-7735 clinical trial. The company's cash runway extends through Q4 2027. Analysts had previously modelled revenue declining approximately 29.5% annually. Despite the revenue drop, shares rose 11.4% following the results and partnership milestone announcement. The stock's advance suggests investors focused on the Genentech collaboration progress rather than the quarterly revenue decline.
Recursion partners with Genentech to advance first validated neuro target discovered through AI map. August 5, 2026 san francisco biotechnology network news news, syndication comments off on Recursion partners with Genentech to advance first validated neuro target discovered through AI map. The 4.5 year, up-to-$12 billion artificial intelligence (AI) drug discovery collaboration of Recursion, Roche, and its Genentech subsidiary marked a milestone Wednesday when plans were announced for Recursion and Genentech to co-develop a neuroscience small molecule early discovery program based on the first validated target discovered through an AI map they created to find new targets in a long-challenging therapeutic area. Genentech has exercised the collaboration's first validated target option after accepting from Recursion a validation package for the target. That acceptance will trigger a $3 million milestone payment from the biopharma giants to Recursion. That latest payment raises to $216 million the total cash paid out by the biopharma giants to Recursion since the AI-based drug developer joined with the pharma giant and its subsidiary to launch their partnership in 2021. For each program developed, Recursion can receive up to $300 million in payments tied to achieving development, commercialization,... Click here to view original post
Recursion reported Q2 2026 financial results, highlighting progress in its drug discovery platform and pipeline advancement. The company's collaboration with Genentech achieved a key milestone, with the first neuroscience target advancing into an early discovery programme. Revenue for Q2 2026 was $7.7 million, down from $19.2 million in Q2 2025. Net loss decreased to $131 million from $171.9 million year-over-year. Cash position stood at $556.8 million as of 30 June 2026. Recursion reduced its 2026 cash operating expense guidance to under $375 million from under $390 million. The company expects its cash runway to extend into early 2028 based on current operating plans. The firm's REC-7735 PI3Kα inhibitor received IND clearance, with Phase 1/2 trials planned for the second half of 2026. Additional Phase 2 data for REC-4881 will be presented in November 2026.