LB Pharmaceuticals Inc
LBRXHealthcare·Biotechnology·USA·Small·NASD·Nov 11 • 10:26 AM ET
45.07+0.13 (0.29%)
2026-11-11 16:27 CET
Market cap
1,454.39 USD m
Revenue, TTM
0.00 USD m
Net income, TTM
-141.19 USD m
Free cash flow, TTM
-143.82 USD m
EPS diluted, TTM
-4.63
P/E
-
Price
LBRX against its 20, 50 and 200-day averages2050200beatmiss
10.1% under 50.16 on 25 Aug 2026. Last 15 sessions, 20.5% high to low
Profile
LBRX52-week range, 86% of the way up
14.3250.16
LB Pharmaceuticals, Inc. engages in the research and development of novel therapies for the treatment of schizophrenia, bipolar depression, and other neuropsychiatric diseases. Its product pipeline includes LB-102, is a Phase 3-ready oral, small molecule for the treatment of acute schizophrenia, defined as a sudden and severe episode of psychotic symptoms, characterized by hallucinations, delusions, and other positive symptoms. The company was founded by Vince Grattan and Zachary Prensky in 2015 and is headquartered in New York.
| Index | RUT |
|---|---|
| Employees | 27 |
| IPO | Sep 11, 2025 |
| Beta | 0.76 |
| ATR, 14d | 2.53 |
| Rel volume | 0.32 |
| Short float | 25.83% |
| Insider own | 25.84% |
| Inst own | 84.37% |
Snapshot
6 groupsValuation
| Index | RUT |
|---|---|
| Market Cap | 1.46B |
| Enterprise Value | 1.06B |
| Income | -141.19M |
| Sales | 0.00M |
| Book/sh | 12.94 |
| Cash/sh | 12.48 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 27 |
| IPO | Sep 11, 2025 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | - |
| P/B | 3.48 |
| P/C | 3.61 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | 14.78 |
| Current Ratio | 14.78 |
| Debt/Eq | 0.01 |
| LT Debt/Eq | 0.01 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | -4.63 |
|---|---|
| EPS next Y | -5.74 |
| EPS next Q | -1.85 |
| EPS this Y | -94.06% |
| EPS next Y | 5.56% |
| EPS next 5Y | -26.57% |
| EPS past 3/5Y | -15.94% - |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | -483.12% |
| Sales Y/Y TTM | - |
| EPS Q/Q | -1169.91% |
| Sales Q/Q | - |
| Earnings | Nov 05 AMC |
| EPS/Sales Surpr. | -10.44% - |
Ownership
| Insider Own | 25.84% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 84.37% |
| Inst Trans | 7.64% |
| ROA | -36.48% |
| ROE | -38.80% |
| ROIC | -33.47% |
| Gross Margin | - |
| Oper. Margin | - |
| Profit Margin | - |
| SMA20 | 12.02% |
| SMA50 | 11.48% |
| SMA200 | 35.08% |
| Trades | - |
Technical
| Shs Outstand | 32.27M |
|---|---|
| Shs Float | 24.00M |
| Short Float | 25.83% |
| Short Ratio | 17.22 |
| Short Interest | 6.20M |
| 52W High | 50.16 -10.14% |
| 52W Low | 14.32 214.82% |
| Volatility | 8.60% 6.69% |
| ATR (14) | 2.53 |
| RSI (14) | 64.70 |
| Beta | 0.76 |
| Rel Volume | 0.32 |
| Avg Volume | 360.06K |
| Volume | 21,261 |
Performance
| Perf Week | 10.34% |
|---|---|
| Perf Month | 29.55% |
| Perf Quarter | 1.81% |
| Perf Half Y | 39.50% |
| Perf YTD | 102.48% |
| Perf Year | 182.05% |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.17 |
| Target Price | 58.92 |
| Prev Close | 44.94 |
| Price | 45.07 |
| Change % | 0.29% |
Analyst ratings
latest 10 of 12| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Oct 09, 2026 | Initiated | CCanaccord Genuity | Buy | $65 | +44.2% |
| Oct 06, 2026 | Initiated | GGuggenheim | Buy | $80 | +77.5% |
| Oct 05, 2026 | Downgrade | RRoth Capital | Buy → Neutral | $35 | -22.3% |
| Oct 02, 2026 | Initiated | NNeedham | Buy | $68 | +50.9% |
| Jul 21, 2026 | Initiated | BBMO Capital Markets | Outperform | $46 | +2.1% |
| Jul 07, 2026 | Initiated | WWolfe Research | Outperform | $45 | -0.2% |
| Apr 27, 2026 | Initiated | HH.C. Wainwright | Buy | $45 | -0.2% |
| Apr 10, 2026 | Initiated | CCraig Hallum | Buy | $36 | -20.1% |
| Jan 09, 2026 | Initiated | RRoth Capital | Buy | ||
| Oct 06, 2025 | Initiated | SStifel | Buy | $27 | -40.1% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| MPLT | MapLight Therapeutics Inc | 425.36M |
| ANRO | Alto Neuroscience Inc | 1.17B |
| ACAD | Acadia Pharmaceuticals Inc | 3.18B |
| NMRA | Neumora Therapeutics Inc | 86.26M |
| AXSM | Axsome Therapeutics Inc | 7.79B |
| VNDA | Vanda Pharmaceuticals Inc | 248.53M |
| SPTX | Seaport Therapeutics Inc | 1.10B |
| HELP | Helus Pharma Inc | 680.92M |
| RLMD | Relmada Therapeutics Inc | 460.28M |
| MNOV | Medicinova Inc | 68.91M |
Insider trading
1 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| PRENSKY ZACHARY | Former Officer | Jun 09 '26 | Proposed Sale | 29.49 | 16,500 | 486,566 | Jun 09 05:41 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| IWM | iShares Russell 2000 Index Fund | AUM: 77.38B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| XPH | State Street SPDR S&P Pharmaceuticals ETF | AUM: 516.35M |
| SCHA | Schwab U.S. Small-Cap ETF | AUM: 22.25B |
| IWN | iShares Russell 2000 Value ETF | AUM: 14.10B |
| VTWO | Vanguard Russell 2000 Index ETF | AUM: 16.75B |
| IWO | iShares Russell 2000 Growth ETF | AUM: 14.06B |
| IHE | iShares U.S. Pharmaceuticals ETF | AUM: 1.72B |
| IWC | iShares Micro-Cap ETF | AUM: 1.22B |
News
latest 14 of 104- LB Pharmaceuticals Inc.: Q3 Earnings Snapshot (Associated Press) -6.76% +10.29%
- LB Pharmaceuticals Reports Third Quarter 2026 Financial Results and Provides Corporate Update (GlobeNewswire)
- Guggenheim names LB Pharmaceuticals a top idea ahead of pivotal trial data (Investing.com)
- LB Pharmaceuticals to Participate in Upcoming Investor Events (GlobeNewswire) +7.91%
- LB Pharmaceuticals Presents New Preclinical Data Supporting LB-102's Bimodal Mechanism of Action and Highlights Ongoing Late-Stage Clinical Development Programs at the 39th ECNP Congress (GlobeNewswire)
- Loading…
- LB Pharmaceuticals Reports Inducement Grants to New Employee Under Nasdaq Listing Rule 5635(c)(4) (GlobeNewswire) +7.54%
- LB Pharmaceuticals to Host In-Person and Virtual R&D Day on October 27, 2026: Advancing LB-102 with a Focus on Schizophrenia Treatment (GlobeNewswire)
- LB Pharmaceuticals Appoints Susan G. Kozauer, M.D. as Chief Medical Officer (GlobeNewswire)
- IPO Stock LB Pharma Has Tripled In Under A Year. Is It A Takeover Target? (Investor's Business Daily)
- LB Pharmaceuticals to Participate in Upcoming September Investor Events (GlobeNewswire)
- LB Pharmaceuticals Appoints Joseph Miller as Chief Financial Officer (GlobeNewswire)
- LB Pharmaceuticals Inc.: Q2 Earnings Snapshot (Associated Press)
- LB Pharmaceuticals Reports Second Quarter 2026 Financial Results and Provides Corporate Update (GlobeNewswire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-05 | -1.790 | -1.621 | -1.790 | 0.00 | 0.00 | 12 |
| 2026Q2 | 2026-08-11 | -1.710 | -0.804 | -1.712 | 0.00 | 0.00 | 9 |
| 2026Q1 | 2026-05-12 | -0.670 | -0.745 | -0.675 | 0.00 | 0.00 | 6 |
| 2025Q4 | 2026-03-26 | -0.450 | -0.448 | -0.453 | 0.00 | 0.00 | 4 |
| 2025Q3 | 2025-11-06 | -0.610 | -0.570 | -0.141 | 0.00 | 0.00 | 3 |
| 2025Q2 | 2025-09-03 | -1.440 | - | -0.217 | 0.00 | - | - |
| 2026Q4 | - | - | -1.855 | - | - | 0.00 | 12 |
| 2027Q1 | - | - | -1.813 | - | - | 0.00 | 7 |
| 2027Q2 | - | - | -1.633 | - | - | 0.00 | 7 |
| 2027Q3 | - | - | -1.530 | - | - | 0.00 | 7 |
| 2027Q4 | - | - | -1.476 | - | - | 0.00 | 7 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2025FY | -3.130 | -4.028 | -2.550 | 0.00 | 0.00 |
| 2026FY | - | -6.074 | - | - | 0.00 |
| 2027FY | - | -5.737 | - | - | 0.00 |
| 2028FY | - | -6.347 | - | - | 4.90 |
| 2029FY | - | -6.075 | - | - | 70.57 |
| 2030FY | - | -3.928 | - | - | 220.35 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | S | 2026-11-06 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-10-14 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-10-09 | 9 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-10-08 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-10-02 | 7 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-09-30 | 6 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-08-23 | 5 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-08-11 | 6 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-07-06 | 6 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-05-13 | 5 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-04-24 | 5 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-04-09 | 4 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-03-27 | 3 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-01-08 | 2 | 0 | 0 | 0.00 | 0.00 | 0.00 |
Estimate history
| EPS, annual | -0.639 | -0.28 | -2.812 | -0.996 | -4.6259 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2022 | 2023 | 2024 | 2025 | TTM | ||||
| EPS, quarterly | -0.632 | -0.226 | -0.21 | -0.217 | -0.141 | -0.453 | -0.675 | -1.712 | -1.786 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Sales, annual | 0 | 0 | 0 | 0 | 0 | ||||
| Period | 2022 | 2023 | 2024 | 2025 | TTM | ||||
| Sales, quarterly | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Shares, annual | 22.443 | 22.443 | 22.443 | 25.299 | 32.27 | ||||
| Period | 2022 | 2023 | 2024 | 2025 | MRQ | ||||
| Shares, quarterly | 22.443 | 22.443 | 25.299 | 22.443 | 25.299 | 25.299 | 28.675 | 28.681 | 32.27 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | 0.39 | 0.32 | 0.09 | 0.00 | 0.00 |
| Gross Profit | -0.39 | -0.32 | -0.09 | -0.00 | -0.00 |
| Selling, General and Administrative Excl. Other | 152.00 | 30.08 | 64.74 | 11.37 | 2.81 |
| Research and Development | 118.79 | 16.74 | 51.17 | 7.84 | 1.35 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -152.39 | -30.40 | -64.83 | -11.38 | -2.81 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 4.83 | 2.15 |
| Unusual Expense | 1.21 | -1.16 | 0.95 | -8.82 | 9.46 |
| Net Income Before Taxes | -141.19 | -25.20 | -63.10 | -6.27 | -14.35 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -141.19 | -25.20 | -63.10 | -6.28 | -14.35 |
| Net Income From Continuing Operations | -141.19 | -25.20 | -63.10 | -6.28 | -14.35 |
| Net Income | -141.19 | -25.20 | -63.10 | -6.28 | -14.35 |
| EPS (Recurring) | -4.24 | -1.03 | -2.78 | -0.55 | -0.34 |
| EPS (Basic, Before Extraordinaries) | -4.63 | -1.00 | -2.81 | -0.28 | -0.64 |
| EPS (Diluted) | -4.63 | -1.00 | -2.81 | -0.28 | -0.64 |
| EBITDA | -152.00 | -30.08 | -64.74 | -11.37 | -2.81 |
| Non-Operating Income (Expense) | 12.40 | 4.04 | 2.68 | 1.10 | 0.07 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 12.95 | 3.31 | 2.44 | 0.23 | 0.00 |
| Shares Outstanding | 32.27 | 25.30 | 22.44 | 22.44 | 22.44 |
| Market Capitalization | 1,454.39 | 1,454.39 | 543.93 | - | - |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | 0.12 | 0.10 | 0.08 | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 |
| Gross Profit | -0.12 | -0.10 | -0.08 | -0.09 | -0.08 | -0.08 | -0.08 | -0.08 |
| Selling, General and Administrative Excl. Other | 62.37 | 53.82 | 22.02 | 13.79 | 5.17 | 4.78 | 6.35 | 5.46 |
| Research and Development | 51.52 | 44.15 | 14.64 | 8.48 | 2.42 | 2.42 | 3.42 | 0.38 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -62.50 | -53.91 | -22.10 | -13.87 | -5.25 | -4.86 | -6.43 | -5.54 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unusual Expense | 0.34 | 0.66 | -0.20 | 0.40 | -0.98 | 0.19 | -0.77 | 0.19 |
| Net Income Before Taxes | -59.07 | -51.60 | -19.05 | -11.47 | -3.56 | -4.87 | -5.31 | -5.07 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -59.07 | -51.60 | -19.05 | -11.47 | -3.56 | -4.87 | -5.31 | -5.07 |
| Net Income From Continuing Operations | -59.07 | -51.60 | -19.05 | -11.47 | -3.56 | -4.87 | -5.31 | -5.07 |
| Net Income | -59.07 | -51.60 | -19.05 | -11.47 | -3.56 | -4.87 | -5.31 | -5.07 |
| EPS (Recurring) | -1.78 | -1.70 | -0.68 | -0.44 | -0.17 | -0.21 | -0.23 | -0.22 |
| EPS (Basic, Before Extraordinaries) | -1.79 | -1.71 | -0.67 | -0.45 | -0.14 | -0.22 | -0.21 | -0.23 |
| EPS (Diluted) | -1.79 | -1.71 | -0.67 | -0.45 | -0.14 | -0.22 | -0.21 | -0.23 |
| EBITDA | -62.37 | -53.82 | -22.02 | -13.79 | -5.17 | -4.78 | -6.35 | -5.46 |
| Non-Operating Income (Expense) | 3.77 | 2.97 | 2.85 | 2.80 | 0.71 | 0.18 | 0.35 | 0.66 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 3.63 | 4.90 | 2.57 | 1.85 | 0.88 | 0.33 | 0.64 | 1.63 |
| Shares Outstanding | 32.27 | 28.68 | 28.67 | 25.30 | 25.30 | 22.44 | 25.30 | 22.44 |
| Market Capitalization | 1,454.39 | 930.70 | 707.12 | 563.16 | 354.38 | 342.03 | - | - |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|
| Cash & Short Term Investments | 295.21 | 28.00 | 43.29 | 21.40 |
| Short Term Receivables | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 13.22 | 0.88 | 2.34 | 0.09 |
| Total Current Assets | 308.43 | 28.88 | 45.63 | 21.49 |
| Net Property, Plant & Equipment | 3.73 | 4.16 | 0.02 | 0.00 |
| Total Investments and Advances | 0.77 | 0.50 | 0.00 | 0.00 |
| Long-Term Note Receivable | - | - | 0.00 | - |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 0.00 | 0.00 | 0.01 | 0.00 |
| Total Assets | 312.93 | 33.53 | 45.66 | 21.49 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.73 | 0.49 | 0.00 | 0.00 |
| Accounts Payable | 2.13 | 2.32 | 1.39 | 0.16 |
| Other Current Liabilities | 4.58 | 5.30 | 1.22 | 0.31 |
| Total Current Liabilities | 7.44 | 8.11 | 2.61 | 0.47 |
| Long Term Debt | 2.84 | 3.22 | 0.00 | 24.15 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 1.34 | 2.50 | 1.56 | 18.49 |
| Total Liabilities | 11.62 | 13.83 | 4.16 | 43.11 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 114.26 | 75.97 | 7.19 |
| Common Equity | 301.31 | -94.55 | -34.47 | -28.81 |
| Total Shareholders Equity | 301.31 | 19.70 | 41.49 | -21.62 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 301.31 | 19.70 | 41.49 | -21.62 |
| Total Liabilities & Stockholders Equity | 312.93 | 33.53 | 45.66 | 21.49 |
| Book Value Per Share | 11.91 | -4.21 | -1.54 | -1.28 |
| Tangible Book Value Per Share | 11.91 | -4.21 | -1.54 | -1.28 |
| Full-Time Employees | 27 | 16 | - | - |
| Price to Book Ratio | 3.47 | 1.75 | - | - |
| Return on Assets | -14.55 | -159.37 | -18.69 | - |
| Return on Equity | -15.70 | -206.22 | -63.14 | - |
| Return on Invested Capital | -8.29 | -275.30 | -15.12 | -567.11 |
| Quick Ratio | 41.44 | 3.56 | 17.51 | 45.82 |
| Current Ratio | 41.44 | 3.56 | 17.51 | 45.82 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|---|
| Net Income | -141.19 | -25.20 | -63.10 | -6.28 | -14.35 |
| Depreciation | 0.39 | 0.32 | 0.09 | 0.00 | 0.00 |
| Other Funds (Non Cash) | 14.55 | 3.33 | 6.65 | -4.51 | 11.53 |
| Funds from Operations | -126.26 | -21.56 | -56.37 | -10.78 | -2.81 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -17.06 | -13.65 | 3.31 | -1.31 | 0.09 |
| Cash from Operating Activities | -143.31 | -35.21 | -53.05 | -12.09 | -2.73 |
| Capital Expenditures | -0.51 | -0.05 | -0.77 | -0.03 | 0.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -144.13 | -39.84 | 24.00 | -27.98 | 0.12 |
| Purchase of Investments | -166.14 | -44.84 | -29.75 | -33.98 | 0.00 |
| Sale Or Maturity of Investments | 22.01 | 5.00 | 53.75 | 6.00 | 0.12 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -144.64 | -39.89 | 23.23 | -28.01 | 0.12 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 233.56 | 302.56 | 38.31 | 33.04 | 0.62 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 233.56 | 302.56 | 38.31 | 33.04 | 0.62 |
| Proceedsfrom Stock Options | 233.44 | 302.31 | 38.29 | 33.04 | 0.62 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 0.64 | 22.34 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 0.64 | 22.34 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.64 | 22.34 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 233.56 | 302.56 | 38.31 | 33.68 | 22.96 |
| Net Change in Cash | -54.39 | 227.47 | 8.50 | -6.42 | 20.36 |
| Free Cash Flow | -143.82 | -35.26 | -53.82 | -12.12 | -2.73 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 403.76 | 327.79 | 365.64 | 295.21 | 314.48 | - |
| Short Term Receivables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Other Current Assets | 43.36 | 27.51 | 23.44 | 13.22 | 1.92 | - |
| Total Current Assets | 447.12 | 355.30 | 389.07 | 308.43 | 316.40 | - |
| Net Property, Plant & Equipment | 5.46 | 5.61 | 3.63 | 3.73 | 3.83 | - |
| Total Investments and Advances | 0.79 | 0.78 | 0.78 | 0.77 | 0.51 | - |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Other Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Total Assets | 453.37 | 361.69 | 393.48 | 312.93 | 320.75 | - |
| Short Term Debt Incl. Current Port. of LT Debt | 0.96 | 0.84 | 0.73 | 0.73 | 0.73 | - |
| Accounts Payable | 6.88 | 3.49 | 7.12 | 2.13 | 2.59 | - |
| Other Current Liabilities | 22.41 | 19.23 | 3.06 | 4.58 | 3.33 | - |
| Total Current Liabilities | 30.25 | 23.56 | 10.91 | 7.44 | 6.65 | - |
| Long Term Debt | 4.20 | 4.37 | 2.74 | 2.84 | 2.94 | - |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Other Liabilities | 1.28 | 1.41 | 1.14 | 1.34 | 0.94 | - |
| Total Liabilities | 35.73 | 29.34 | 14.79 | 11.62 | 10.53 | - |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Common Equity | 417.64 | 332.35 | 378.69 | 301.31 | 310.22 | - |
| Total Shareholders Equity | 417.64 | 332.35 | 378.69 | 301.31 | 310.22 | - |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Total Equity | 417.64 | 332.35 | 378.69 | 301.31 | 310.22 | - |
| Total Liabilities & Stockholders Equity | 453.37 | 361.69 | 393.48 | 312.93 | 320.75 | - |
| Book Value Per Share | 12.94 | 11.59 | 13.21 | 11.91 | 12.26 | - |
| Tangible Book Value Per Share | 12.94 | 11.59 | 13.21 | 11.91 | 12.26 | - |
| Full-Time Employees | - | - | - | 27 | - | - |
| Price to Book Ratio | 3.47 | 2.46 | 2.07 | 1.82 | - | - |
| Return on Assets | -36.48 | - | - | -14.55 | - | - |
| Return on Equity | -38.80 | - | - | -15.70 | - | - |
| Return on Invested Capital | -14.00 | -15.33 | -5.00 | -3.77 | -1.14 | - |
| Quick Ratio | 14.78 | 15.08 | 35.68 | 41.44 | 47.60 | - |
| Current Ratio | 14.78 | 15.08 | 35.68 | 41.44 | 47.60 | - |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Net Income | -59.07 | -51.60 | -19.05 | -11.47 | -3.56 | -4.87 |
| Depreciation | 0.12 | 0.10 | 0.08 | 0.09 | 0.08 | 0.08 |
| Other Funds (Non Cash) | 3.72 | 5.59 | 2.43 | 2.81 | 0.20 | 0.45 |
| Funds from Operations | -55.23 | -45.92 | -16.54 | -8.57 | -3.28 | -4.35 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -9.07 | 8.29 | -6.75 | -9.53 | -0.10 | -1.25 |
| Cash from Operating Activities | -64.29 | -37.63 | -23.29 | -18.10 | -3.37 | -5.60 |
| Capital Expenditures | -0.07 | -0.36 | -0.03 | -0.04 | 0.00 | 0.01 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -144.58 | 0.45 | 0.00 | 0.00 | -44.84 | 0.00 |
| Purchase of Investments | -156.40 | -9.75 | 0.00 | 0.00 | -44.84 | 0.00 |
| Sale Or Maturity of Investments | 11.81 | 10.20 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -144.65 | 0.09 | -0.03 | -0.04 | -44.84 | 0.01 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 140.92 | -0.02 | 93.83 | -1.17 | 303.73 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 140.92 | -0.02 | 93.83 | -1.17 | 303.73 | 0.00 |
| Proceedsfrom Stock Options | 140.87 | -0.07 | 93.80 | -1.17 | 303.49 | 0.00 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 140.92 | -0.02 | 93.83 | -1.17 | 303.73 | 0.00 |
| Net Change in Cash | -68.03 | -37.56 | 70.51 | -19.31 | 255.52 | -5.59 |
| Free Cash Flow | -64.36 | -37.99 | -23.32 | -18.14 | -3.37 | -5.59 |
Revenue breakdown
| Revenue split | - |
|---|
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 25.83% | 6.2M | 24.0M | 367.61K |
| 2026-10-15 | 23.26% | 5.6M | 23.9M | 371.55K |
| 2026-09-30 | 25.13% | 6.0M | 23.9M | 334.72K |
| 2026-09-15 | 23.48% | 5.6M | 23.9M | 343.04K |
| 2026-08-31 | 22.07% | 5.3M | 23.9M | 326.59K |
| 2026-08-14 | 21.56% | 5.2M | 23.9M | 315.33K |
| 2026-07-31 | 22.87% | 4.7M | 20.8M | 266.85K |
| 2026-07-15 | 20.52% | 4.3M | 20.8M | 244.82K |
| 2026-06-30 | 21.92% | 4.6M | 20.8M | 263.70K |
| 2026-06-15 | 20.73% | 4.3M | 20.8M | 231.96K |
| 2026-05-29 | 19.34% | 4.0M | 20.8M | 239.97K |
| 2026-05-15 | 19.36% | 4.0M | 20.8M | 248.35K |
| 2026-04-30 | 17.83% | 3.8M | 21.3M | 258.42K |
| 2026-04-15 | 14.60% | 3.1M | 21.3M | 245.29K |
| 2026-03-31 | 12.30% | 2.6M | 21.3M | 229.51K |
| 2026-03-13 | 14.43% | 2.7M | 18.8M | 307.24K |
| 2026-02-27 | 13.91% | 2.6M | 18.8M | 309.39K |
| 2026-02-13 | 11.70% | 2.2M | 18.8M | 295.74K |
| 2026-01-30 | 9.60% | 1.8M | 18.8M | 281.58K |
| 2026-01-15 | 9.53% | 1.8M | 18.8M | 262.56K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 22.50 | 20.30 | 25.00 | 0.00 | 5.197 | 0.00 | 0.00 | 0.882 | -0.533 | 0.014 |
| call | 25.00 | 17.80 | 22.50 | 0.00 | 4.589 | 0.00 | 0.00 | 0.863 | -0.524 | 0.016 |
| call | 30.00 | 12.80 | 17.50 | 0.00 | 3.424 | 0.00 | 0.00 | 0.820 | -0.494 | 0.019 |
| call | 35.00 | 8.00 | 12.50 | 0.00 | 2.749 | 0.00 | 0.00 | 0.766 | -0.448 | 0.022 |
| call | 40.00 | 3.30 | 8.00 | 1.75 | 1.907 | 227 | 0.00 | 0.689 | -0.381 | 0.025 |
| call | 45.00 | 0.10 | 5.00 | 2.00 | 1.761 | 4.00 | 1.00 | 0.558 | -0.276 | 0.028 |
| call | 50.00 | 0.00 | 5.00 | 0.00 | 2.380 | 0.00 | 0.00 | 0.471 | -0.374 | 0.028 |
| call | 55.00 | 0.00 | 5.00 | 0.00 | 2.934 | 0.00 | 0.00 | 0.421 | -0.449 | 0.028 |
| call | 60.00 | 0.00 | 5.00 | 0.00 | 3.319 | 0.00 | 0.00 | 0.392 | -0.502 | 0.027 |
| call | 65.00 | 0.00 | 5.00 | 0.00 | 3.693 | 0.00 | 0.00 | 0.370 | -0.548 | 0.027 |
| put | 22.50 | 0.00 | 5.00 | 0.00 | 6.867 | 0.00 | 0.00 | -0.118 | -0.531 | 0.014 |
| put | 25.00 | 0.00 | 5.00 | 0.60 | 6.104 | 1.00 | 0.00 | -0.136 | -0.522 | 0.016 |
| put | 30.00 | 0.00 | 5.00 | 0.00 | 4.817 | 0.00 | 0.00 | -0.178 | -0.492 | 0.019 |
| put | 35.00 | 0.00 | 5.00 | 2.07 | 3.713 | 2.00 | 0.00 | -0.234 | -0.444 | 0.022 |
| put | 40.00 | 0.00 | 5.00 | 3.00 | 2.735 | 52.00 | 0.00 | -0.312 | -0.376 | 0.025 |
| put | 45.00 | 0.30 | 5.00 | 0.00 | 1.784 | 0.00 | 0.00 | -0.442 | -0.271 | 0.028 |
| put | 50.00 | 3.60 | 7.50 | 0.00 | 1.553 | 0.00 | 0.00 | -0.532 | -0.373 | 0.028 |
| put | 55.00 | 7.50 | 12.50 | 0.00 | 2.060 | 0.00 | 0.00 | -0.578 | -0.443 | 0.028 |
| put | 60.00 | 12.80 | 17.20 | 0.00 | 2.246 | 0.00 | 0.00 | -0.609 | -0.497 | 0.027 |
| put | 65.00 | 17.60 | 22.20 | 0.00 | 2.633 | 0.00 | 0.00 | -0.630 | -0.542 | 0.027 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-05 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-05 | 8-K | Current report | 2026-11-05 | SEC |
| 2026-10-13 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-09 | SEC |
| 2026-10-13 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-09 | SEC |
| 2026-10-13 | SCHEDULE 13G/A | SEC | ||
| 2026-10-05 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-10-01 | POS AM | Post-effective amendment to a registration statement that is not immediately effective upon filing | SEC | |
| 2026-10-01 | S-3ASR | Automatic shelf registration statement of securities of well-known seasoned issuers | SEC | |
| 2026-09-24 | 3 | Initial statement of beneficial ownership of securities | 2026-09-14 | SEC |
| 2026-09-15 | 424B3 | SEC | ||
| 2026-09-15 | 8-K | Current report | 2026-09-15 | SEC |
| 2026-09-14 | 3 | Initial statement of beneficial ownership of securities | 2026-09-02 | SEC |
| 2026-09-03 | 424B3 | SEC | ||
| 2026-09-03 | 8-K | Current report | 2026-09-03 | SEC |
| 2026-08-14 | SCHEDULE 13G/A | SEC | ||
| 2026-08-11 | 424B3 | SEC | ||
| 2026-08-11 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-11 | 8-K | Current report | 2026-08-11 | SEC |
| 2026-08-03 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-30 | SEC |
| 2026-07-29 | SCHEDULE 13G/A | SEC | ||
| 2026-07-29 | 424B3 | SEC | ||
| 2026-07-29 | 8-K | Current report | 2026-07-28 | SEC |
| 2026-07-22 | 424B3 | SEC | ||
| 2026-07-22 | 8-K | Current report | 2026-07-22 | SEC |
| 2026-07-16 | SCHEDULE 13G | SEC | ||
| 2026-06-10 | 424B3 | SEC | ||
| 2026-06-10 | 8-K | Current report | 2026-06-08 | SEC |
| 2026-06-09 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-06-09 | 424B3 | SEC | ||
| 2026-06-09 | 8-K | Current report | 2026-06-03 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| Deep Track Capital, LP | 11.69% |
| BlackRock, Inc. | 9.53% |
| RA CAPITAL MANAGEMENT, L.P. | 7.70% |
| Nantahala Capital Management, LLC | 7.34% |
| Trails Edge Capital Partners, LP | 5.31% |
| Commodore Capital LP | 5.23% |
| JPMORGAN CHASE & CO | 5.22% |
| TCG Crossover Management, LLC | 5.05% |
| Caligan Partners LP | 5.01% |
| Spruce Street Capital LP | 4.80% |
Funds
| Fund | % owned |
|---|---|
| JPMorgan Small Cap Growth Fund | 2.42% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 2.34% |
| iShares Russell 2000 ETF | 2.03% |
| BlackRock Health Sciences Opportunities Portfolio | 1.76% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.97% |
| Fidelity Small Cap Index Fund | 0.85% |
| JPMorgan Small Cap Blend Fund | 0.77% |
| BlackRock Health Sciences Term Trust | 0.73% |
| PGIM Jennison Health Sciences Fund | 0.72% |
| Fidelity Growth Company Fund | 0.62% |
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