SNDX — Stock Film
STOCK FILMSCENE 1/12SNDX · $18.18
Stock Expert AI presents
SNDX
Syndax Pharmaceuticals, Inc
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Syndax Pharmaceuticals, Inc. What it actually does.

Develops clinical-stage therapies for cancer treatment. Advances SNDX-5613 for MLL-rearranged (MLLr) and NPM1c acute myeloid leukemia (AML). Now — the numbers.

on the stock market since 2016
298 employees
$1.6B market value
WHERE DOES THE MONEY COME FROM?
72%Net Product Revenues
Net Product RevenuesCollaboration revenue 25%Milestone Revenue 3%
72% of all revenue comes from a single line: Net Product Revenues.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$172.4M
The loss that same year:
$285.4M
For every $1 it earns, the company spends $3.

The company is still in the product-building phase: its spending runs far above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
Sales are growing overall, with a pause along the way.

Average growth of 5% a year over the last 4 years. Red columns mark years that ended in a loss.

$139.7M
2021
2022
2023
2024
$172.4M
2025
In the vault right now:
$413.7M
DEBT: $346.5M
At this pace, that money lasts about 1.4 years.

Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.

THE PRICE TAG
MARKET VALUE / ANNUAL SALES
9.3×

This company is not turning a profit, so the market is pricing its sales instead: 9.3× for every dollar of annual revenue.

Against companies in its own sector, it looks cheaper than 34% of them.

Analysts' average target sits 104% above today's price.

What executives did with their own stock over the last 12 months:
21 buy10 sell

Executives buying with their own money is usually read as confidence in the company’s future.

THE FIVE-YEAR JOURNEY
Below the peak, but no collapse.

The stock trades 37% below its peak. The market has trimmed its expectations for the company.

1
THE BRIGHT SIDE · 1/2
The product is selling

Sales run at $172.4M a year. A small number, but proof the product has real buyers.

2
THE BRIGHT SIDE · 2/2
Executives are buying their own stock

Over the last 12 months, company executives reported 21 buys and 10 sells. Management buying with its own money is usually read as a good sign.

1
THE RISKS · 1/2
Small sales, big loss

A loss of $285.4M against $172.4M in annual sales.

2
THE RISKS · 2/2
The cash has a countdown

At the current pace of spending, the cash lasts about 1.4 years. After that, the company needs to find new money.

FINALE · THE GRADE
F
11 / 100 · MoonshotScore

On our five-subject report card, SNDX sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”

The takeaway: SNDX is a high-risk stock — not yet profitable, and its future rides on its product catching on.

The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.

Analysts’ average target sits above today’s price, yet the valuation grade (34/100) says the stock isn’t cheap.

What would you like to do next?
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This was a film — not investment advice.
Data: FMP & company filings
Sep 12, 2026 · stockexpertai.com · Stock Film