MapLight Therapeutics Inc
MPLTHealthcare·Biotechnology·USA·Small·NASD·Nov 11 • 10:18 AM ET
7.62+0.18 (2.43%)
2026-11-11 16:18 CET
Market cap
413.48 USD m
Revenue, TTM
0.00 USD m
Net income, TTM
-229.83 USD m
Free cash flow, TTM
-175.12 USD m
EPS diluted, TTM
-5.12
P/E
-
Price
MPLT against its 20, 50 and 200-day averages2050200beatmiss
81.2% under 40.43 on 10 Jul 2026. Last 15 sessions, 40.0% high to low
Profile
MPLT52-week range, 5% of the way up
6.0640.43
MapLight Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the development of novel therapeutics for brain disorders. It develops the ML-007-MA product for treatment of schizophrenia and ADP. Its platforms include Optogenetics, Transcriptnomics, and STARmap. The company was founded by Christopher A. Kroeger, Karl Deisseroth, Robert Malenka, and Karoly Nikolich in November 2018 and is headquartered in Redwood City, CA.
| Index | RUT |
|---|---|
| Employees | 133 |
| IPO | Oct 27, 2025 |
| Beta | 2.97 |
| ATR, 14d | 0.63 |
| Rel volume | 0.34 |
| Short float | 26.63% |
| Insider own | 78.03% |
| Inst own | 27.29% |
Snapshot
6 groupsValuation
| Index | RUT |
|---|---|
| Market Cap | 423.53M |
| Enterprise Value | 120.79M |
| Income | -229.83M |
| Sales | 0.00M |
| Book/sh | 7.67 |
| Cash/sh | 5.48 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 133 |
| IPO | Oct 27, 2025 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | - |
| P/B | 0.99 |
| P/C | 1.39 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | 16.52 |
| Current Ratio | 16.52 |
| Debt/Eq | 0.01 |
| LT Debt/Eq | 0.00 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | -5.12 |
|---|---|
| EPS next Y | -4.12 |
| EPS next Q | -1.18 |
| EPS this Y | 73.54% |
| EPS next Y | 16.17% |
| EPS next 5Y | 40.14% |
| EPS past 3/5Y | -71.59% - |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | - |
| Sales Y/Y TTM | - |
| EPS Q/Q | -83.91% |
| Sales Q/Q | - |
| Earnings | Aug 13 AMC |
| EPS/Sales Surpr. | 2.16% - |
Ownership
| Insider Own | 78.03% |
|---|---|
| Insider Trans | 12.87% |
| Inst Own | 27.29% |
| Inst Trans | -1.34% |
| ROA | -101.59% |
| ROE | -111.55% |
| ROIC | -65.84% |
| Gross Margin | - |
| Oper. Margin | - |
| Profit Margin | - |
| SMA20 | 0.78% |
| SMA50 | -20.47% |
| SMA200 | -62.05% |
| Trades | - |
Technical
| Shs Outstand | 45.44M |
|---|---|
| Shs Float | 12.21M |
| Short Float | 26.63% |
| Short Ratio | 6.77 |
| Short Interest | 3.25M |
| 52W High | 40.43 -81.15% |
| 52W Low | 6.06 25.76% |
| Volatility | 10.40% 8.21% |
| ATR (14) | 0.63 |
| RSI (14) | 43.99 |
| Beta | 2.97 |
| Rel Volume | 0.34 |
| Avg Volume | 480.38K |
| Volume | 26,912 |
Performance
| Perf Week | 13.58% |
|---|---|
| Perf Month | -3.23% |
| Perf Quarter | -34.19% |
| Perf Half Y | -75.15% |
| Perf YTD | -56.61% |
| Perf Year | -49.43% |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.50 |
| Target Price | 25.30 |
| Prev Close | 7.44 |
| Price | 7.62 |
| Change % | 2.43% |
Analyst ratings
latest 10 of 15| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Oct 06, 2026 | Initiated | GGuggenheim | Neutral | ||
| Aug 10, 2026 | Downgrade | UUBS | Buy → Neutral | $13 | +70.6% |
| Jul 28, 2026 | Downgrade | MMorgan Stanley | Overweight → Equal-Weight | $21 | +175.6% |
| Jul 21, 2026 | Initiated | BBMO Capital Markets | Outperform | $46 | +503.6% |
| Jun 25, 2026 | Initiated | RRaymond James | Strong Buy | $46 | +503.6% |
| May 27, 2026 | Initiated | UUBS | Buy | $48 | +529.8% |
| May 21, 2026 | Initiated | CCraig Hallum | Buy | $43 | +464.2% |
| May 04, 2026 | Initiated | HH.C. Wainwright | Buy | $45 | +490.5% |
| Apr 08, 2026 | Initiated | NNeedham | Buy | $37 | +385.5% |
| Apr 07, 2026 | Initiated | TTD Cowen | Buy |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| LBRX | LB Pharmaceuticals Inc | 1.46B |
| ACAD | Acadia Pharmaceuticals Inc | 3.17B |
| NMRA | Neumora Therapeutics Inc | 86.32M |
| BMY | Bristol-Myers Squibb Co | 125.63B |
| ANRO | Alto Neuroscience Inc | 1.17B |
| NBIX | Neurocrine Biosciences Inc | 17.30B |
| CTNM | Contineum Therapeutics Inc | 422.70M |
| AXSM | Axsome Therapeutics Inc | 7.79B |
| ABBV | Abbvie Inc | 514.51B |
| PRTA | Prothena Corp Plc | 441.09M |
Insider trading
latest 14 of 100| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Kreitzer Anatol | Chief Discovery Officer | Oct 15 '26 | Sale | 7.84 | 12,248 | 96,024 | 168,678 | Oct 16 05:00 PM |
| GILLIS JONATHAN | CAO and Interim CFO | Oct 15 '26 | Sale | 8.08 | 10,167 | 82,149 | 142,315 | Oct 16 05:00 PM |
| Lillie James Woodruff | Chief Scientific Officer | Oct 15 '26 | Sale | 8.08 | 11,513 | 93,025 | 198,597 | Oct 16 05:00 PM |
| Hanson Kristopher | General Counsel | Oct 15 '26 | Sale | 8.08 | 9,020 | 72,882 | 128,024 | Oct 16 05:00 PM |
| Foff Erin Pennock | Chief Medical Officer | Oct 15 '26 | Sale | 8.08 | 15,355 | 124,068 | 296,906 | Oct 16 05:00 PM |
| Kroeger Christopher A. | Chief Executive Officer | Oct 15 '26 | Sale | 8.08 | 73,691 | 595,423 | 1,195,909 | Oct 16 05:00 PM |
| Hanson Kristopher | Officer | Oct 15 '26 | Proposed Sale | 7.81 | 9,020 | 70,446 | Oct 15 06:35 PM | |
| GILLIS JONATHAN | Officer | Oct 15 '26 | Proposed Sale | 7.81 | 10,167 | 79,404 | Oct 15 05:44 PM | |
| Foff Erin Pennock | Officer | Oct 15 '26 | Proposed Sale | 7.81 | 15,355 | 119,922 | Oct 15 05:30 PM | |
| Kroeger Christopher A. | Officer | Oct 15 '26 | Proposed Sale | 7.81 | 73,691 | 575,527 | Oct 15 05:26 PM | |
| Lillie James Woodruff | Officer | Oct 15 '26 | Proposed Sale | 7.81 | 11,513 | 89,917 | Oct 15 05:15 PM | |
| ROBERT MALENKA | Director | Oct 15 '26 | Proposed Sale | 7.81 | 14,809 | 115,658 | Oct 15 04:37 PM | |
| Anatol Kreitzer | Officer | Oct 15 '26 | Proposed Sale | 7.81 | 12,500 | 97,625 | Oct 15 04:09 PM | |
| Hanson Kristopher | General Counsel | Sep 16 '26 | Sale | 11.67 | 16,509 | 192,660 | 137,044 | Sep 18 04:15 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| IWM | iShares Russell 2000 Index Fund | AUM: 77.38B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| IWO | iShares Russell 2000 Growth ETF | AUM: 14.06B |
| VTWO | Vanguard Russell 2000 Index ETF | AUM: 16.75B |
| SCHA | Schwab U.S. Small-Cap ETF | AUM: 22.25B |
| FESM | Fidelity Enhanced Small Cap Core ETF | AUM: 6.82B |
| VHT | Vanguard Health Care ETF | AUM: 21.51B |
| IWC | iShares Micro-Cap ETF | AUM: 1.22B |
| VTWG | Vanguard Russell 2000 Growth Index ETF | AUM: 1.41B |
News
latest 14 of 56- MapLight Therapeutics to Participate in Upcoming Investor Conference (GlobeNewswire) +5.05%
- MapLight Therapeutics Celebrates Co-Founder Dr. Karl Deisseroth on Receipt of 2026 Nobel Prize in Physiology or Medicine for the Development of Optogenetics (GlobeNewswire)
- MapLight Therapeutics to Participate in Upcoming Investor Conference (GlobeNewswire)
- AstraZenecas win in lung cancer; Sandoz inks a China deal (BioPharma Dive) +5.11%
- AstraZeneca scores in lung cancer; Sandoz inks a China deal (BioPharma Dive)
- Loading…
- MapLight Therapeutics Reports Second Quarter 2026 Financial Results and Provides Business Update (GlobeNewswire)
- MapLight Therapeutics Announces $150 Million Private Placement Financing (GlobeNewswire)
- MapLight CEO on what investors missed in the biotechs schizophrenia data (BioPharma Dive) +22.01%
- MapLight Therapeutics stock crashes on Phase II schizophrenia data (Clinical Trials Arena) +24.28%
- MPLT Stock Plunges 73% Wipes Out Over $1B In Market Cap After Trial Miss On Once-Daily Dose (Stocktwits) -72.91%
- MapLight Therapeutics Announces Positive Topline Results from Phase 2 ZEPHYR Trial of ML-007C-MA in Schizophrenia (GlobeNewswire)
- Shopify downgraded, Five Below upgraded: Wall Street's top analyst calls (The Fly)
- MapLight Therapeutics Announces Changes to Board of Directors (GlobeNewswire) +7.02%
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q2 | 2026-08-13 | -1.320 | -1.349 | -1.320 | 0.00 | 0.00 | 13 |
| 2026Q1 | 2026-05-14 | -1.340 | -1.048 | -1.342 | 0.00 | 0.00 | 9 |
| 2025Q4 | 2026-03-26 | -2.470 | -0.962 | -1.807 | 0.00 | 0.00 | 5 |
| 2025Q3 | 2025-12-04 | -37.180 | -1.725 | -0.648 | 0.00 | 0.00 | 4 |
| 2025Q2 | 2025-09-03 | -1.507 | - | -0.720 | 0.00 | - | - |
| 2026Q3 | - | - | -1.183 | - | - | 0.00 | 12 |
| 2026Q4 | - | - | -1.175 | - | - | 0.00 | 12 |
| 2027Q1 | - | - | -1.128 | - | - | 0.00 | 7 |
| 2027Q2 | - | - | -1.097 | - | - | 0.00 | 7 |
| 2027Q3 | - | - | -1.127 | - | - | 0.00 | 7 |
| 2027Q4 | - | - | -1.162 | - | - | 0.00 | 7 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2025FY | -18.560 | -7.078 | -18.586 | 0.00 | 0.00 |
| 2026FY | - | -4.911 | - | - | 0.00 |
| 2027FY | - | -4.117 | - | - | 0.00 |
| 2028FY | - | -3.981 | - | - | 0.00 |
| 2029FY | - | -3.728 | - | - | 10.83 |
| 2030FY | - | -3.461 | - | - | 60.16 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-11-04 | 5 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-10-16 | 6 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-08-23 | 7 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-08-14 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-08-13 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-07-08 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-07-04 | 7 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-06-23 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-05-20 | 7 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-05-15 | 6 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-05-01 | 6 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-04-07 | 5 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-04-06 | 4 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-03-26 | 3 | 0 | 0 | 0.00 | 0.00 | 0.00 |
Estimate history
| EPS, annual | -0.725 | -1.345 | -1.873 | -3.661 | -5.1221 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2022 | 2023 | 2024 | 2025 | TTM | ||||
| EPS, quarterly | -0.289 | -0.457 | -0.444 | -0.539 | -0.72 | -0.648 | -1.807 | -1.342 | -1.325 |
| Period | Q1 '23 | Q1 '24 | Q2 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '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 | Q1 '23 | Q1 '24 | Q2 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Shares, annual | 41.429 | 41.429 | 41.429 | 44.024 | 45.437 | ||||
| Period | 2022 | 2023 | 2024 | 2025 | MRQ | ||||
| Shares, quarterly | 41.429 | 41.429 | 41.429 | 41.429 | 41.429 | 45.373 | 44.024 | 45.209 | 45.437 |
| Period | Q1 '23 | Q1 '24 | Q2 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '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 | 0.58 | 0.58 | 0.70 | 0.56 | 0.57 |
| Gross Profit | -0.58 | -0.58 | -0.70 | -0.56 | -0.57 |
| Selling, General and Administrative Excl. Other | 242.34 | 168.50 | 82.25 | 56.73 | 30.67 |
| Research and Development | 198.70 | 138.35 | 67.82 | 49.12 | 26.57 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -242.93 | -169.08 | -82.95 | -57.28 | -31.25 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 0.51 | -0.80 |
| Net Income Before Taxes | -229.83 | -161.15 | -77.58 | -55.71 | -30.02 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -229.83 | -161.15 | -77.58 | -55.71 | -30.02 |
| Net Income From Continuing Operations | -229.83 | -161.15 | -77.58 | -55.71 | -30.02 |
| Net Income | -229.83 | -161.15 | -77.58 | -55.71 | -30.02 |
| EPS (Recurring) | -5.06 | -3.66 | -1.87 | -1.34 | -0.74 |
| EPS (Basic, Before Extraordinaries) | -5.12 | -3.66 | -1.87 | -1.34 | -0.72 |
| EPS (Diluted) | -5.12 | -3.66 | -1.87 | -1.34 | -0.72 |
| EBITDA | -242.34 | -168.50 | -82.25 | -56.73 | -30.67 |
| Non-Operating Income (Expense) | 13.10 | 7.93 | 5.37 | 2.09 | 0.43 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 53.91 | 36.01 | 1.08 | 1.04 | 1.36 |
| Shares Outstanding | 45.44 | 44.02 | 41.43 | 41.43 | 41.43 |
| Market Capitalization | 413.48 | 413.48 | 813.54 | - | - |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q2 | 2024Q1 |
|---|---|---|---|---|---|---|---|---|
| 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 | 0.15 | 0.16 | 0.14 | 0.14 | 0.14 | 0.17 | 0.17 | 0.15 |
| Gross Profit | -0.15 | -0.16 | -0.14 | -0.14 | -0.14 | -0.17 | -0.17 | -0.15 |
| Selling, General and Administrative Excl. Other | 63.40 | 64.34 | 83.24 | 31.36 | 30.53 | 23.38 | 19.81 | 19.14 |
| Research and Development | 53.44 | 53.68 | 64.62 | 26.96 | 26.71 | 19.62 | 15.47 | 15.20 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -63.55 | -64.50 | -83.38 | -31.50 | -30.66 | -23.54 | -19.98 | -19.29 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Net Income Before Taxes | -60.19 | -60.67 | -79.55 | -29.42 | -29.85 | -22.34 | -18.40 | -18.93 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -60.19 | -60.67 | -79.55 | -29.42 | -29.85 | -22.34 | -18.40 | -18.93 |
| Net Income From Continuing Operations | -60.19 | -60.67 | -79.55 | -29.42 | -29.85 | -22.34 | -18.40 | -18.93 |
| Net Income | -60.19 | -60.67 | -79.55 | -29.42 | -29.85 | -22.34 | -18.40 | -18.93 |
| EPS (Recurring) | -1.32 | -1.34 | -1.81 | -0.65 | -0.72 | -0.54 | -0.44 | -0.46 |
| EPS (Basic, Before Extraordinaries) | -1.32 | -1.34 | -1.81 | -0.65 | -0.72 | -0.54 | -0.44 | -0.46 |
| EPS (Diluted) | -1.32 | -1.34 | -1.81 | -0.65 | -0.72 | -0.54 | -0.44 | -0.46 |
| EBITDA | -63.40 | -64.34 | -83.24 | -31.36 | -30.53 | -23.38 | -19.81 | -19.14 |
| Non-Operating Income (Expense) | 3.36 | 3.83 | 3.83 | 2.08 | 0.82 | 1.20 | 1.58 | 0.36 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 8.63 | 9.64 | 35.52 | 0.12 | 0.15 | 0.21 | 0.24 | 0.27 |
| Shares Outstanding | 45.44 | 45.21 | 44.02 | 45.37 | 41.43 | 41.43 | 41.43 | 41.43 |
| Market Capitalization | 413.48 | 862.73 | 796.98 | 813.54 | - | - | - | - |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|
| Cash & Short Term Investments | 305.10 | 108.80 | 79.77 | 27.66 |
| Short Term Receivables | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 19.57 | 5.81 | 3.83 | 4.37 |
| Total Current Assets | 324.67 | 114.60 | 83.60 | 32.03 |
| Net Property, Plant & Equipment | 6.58 | 7.56 | 6.58 | 7.12 |
| Total Investments and Advances | 148.20 | 11.59 | 1.22 | 0.23 |
| Intangible Assets | - | 0.00 | 0.00 | 0.00 |
| Other Assets | 0.06 | 3.17 | 0.00 | 0.00 |
| Total Assets | 479.51 | 136.92 | 91.41 | 39.39 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.89 | 0.78 | 0.49 | 0.35 |
| Accounts Payable | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 15.34 | 15.14 | 14.20 | 12.25 |
| Total Current Liabilities | 16.23 | 15.92 | 14.70 | 12.60 |
| Long Term Debt | 4.91 | 5.80 | 5.43 | 5.92 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 21.14 | 21.72 | 20.13 | 18.52 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 308.82 | 188.87 | 83.83 |
| Common Equity | 458.37 | -193.63 | -117.58 | -62.96 |
| Total Shareholders Equity | 458.37 | 115.19 | 71.28 | 20.87 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 458.37 | 115.19 | 71.28 | 20.87 |
| Total Liabilities & Stockholders Equity | 479.51 | 136.92 | 91.41 | 39.39 |
| Book Value Per Share | 10.41 | -4.67 | -2.84 | -1.52 |
| Tangible Book Value Per Share | 10.41 | -4.67 | -2.84 | -1.52 |
| Full-Time Employees | 133 | - | 63 | - |
| Price to Book Ratio | 0.97 | -2.97 | - | - |
| Return on Assets | -52.29 | -67.96 | -85.18 | - |
| Return on Equity | -56.19 | -83.21 | -120.91 | - |
| Return on Invested Capital | -34.78 | -64.12 | -72.62 | -112.03 |
| Quick Ratio | 20.01 | 7.20 | 5.69 | 2.54 |
| Current Ratio | 20.01 | 7.20 | 5.69 | 2.54 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|---|
| Net Income | -229.83 | -161.15 | -77.58 | -55.71 | -30.02 |
| Depreciation | 0.58 | 0.58 | 0.70 | 0.56 | 0.57 |
| Other Funds (Non Cash) | 51.09 | 35.27 | 1.13 | 1.11 | 1.14 |
| Funds from Operations | -178.16 | -125.30 | -75.75 | -54.05 | -28.30 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 3.49 | -12.84 | -3.06 | 2.04 | 1.72 |
| Cash from Operating Activities | -174.67 | -138.14 | -78.81 | -52.01 | -26.58 |
| Capital Expenditures | -0.45 | -0.47 | -0.77 | -0.46 | -0.75 |
| 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 | -249.98 | -322.73 | -80.02 | 0.00 | 0.00 |
| Purchase of Investments | -428.01 | -408.23 | -125.02 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 178.03 | 85.50 | 45.00 | 0.00 | 0.00 |
| 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 | -250.43 | -323.21 | -80.79 | -0.46 | -0.75 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 475.58 | 474.84 | 120.25 | 104.57 | 33.17 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 475.58 | 474.84 | 120.25 | 104.57 | 33.17 |
| Proceedsfrom Stock Options | 475.21 | 474.56 | 119.96 | 104.53 | 33.16 |
| Issuance or Reduction of Debt, Net | 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 |
| Issuance of Long Term Debt | 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 |
| Net Financing Active Other Cash Flow | -12.31 | -5.02 | -2.19 | 0.00 | 0.00 |
| Other Financing Activities Uses | -12.31 | -5.02 | -2.19 | 0.00 | 0.00 |
| Cash from Financing Activities | 463.26 | 469.82 | 118.06 | 104.57 | 33.17 |
| Net Change in Cash | 38.17 | 8.48 | -41.54 | 52.10 | 5.85 |
| Free Cash Flow | -175.12 | -138.61 | -79.58 | -52.47 | -27.32 |
| 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 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 304.73 | 310.11 | 305.10 | 227.17 | 60.47 | 92.26 |
| Short Term Receivables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 14.06 | 17.11 | 19.57 | 18.14 | 12.73 | 6.00 |
| Total Current Assets | 318.79 | 327.23 | 324.67 | 245.31 | 73.20 | 98.26 |
| Net Property, Plant & Equipment | 2.50 | 6.23 | 6.58 | 6.57 | 6.90 | 7.18 |
| Total Investments and Advances | 46.82 | 85.30 | 148.20 | 0.21 | 0.21 | 2.70 |
| Intangible Assets | - | - | - | 0.00 | 0.00 | 0.00 |
| Other Assets | 0.24 | 0.04 | 0.06 | 5.14 | 3.81 | 3.42 |
| Total Assets | 368.35 | 418.79 | 479.51 | 257.22 | 84.12 | 111.57 |
| Short Term Debt Incl. Current Port. of LT Debt | 1.23 | 0.92 | 0.89 | 0.86 | 0.83 | 0.81 |
| Accounts Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 18.06 | 13.36 | 15.34 | 17.70 | 14.15 | 12.18 |
| Total Current Liabilities | 19.29 | 14.28 | 16.23 | 18.56 | 14.98 | 12.98 |
| Long Term Debt | 0.76 | 4.67 | 4.91 | 5.14 | 5.37 | 5.59 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 20.05 | 18.95 | 21.14 | 23.71 | 20.36 | 18.57 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 507.69 | 308.82 | 308.82 |
| Common Equity | 348.30 | 399.83 | 458.37 | -274.18 | -245.06 | -215.83 |
| Total Shareholders Equity | 348.30 | 399.83 | 458.37 | 233.52 | 63.76 | 93.00 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 348.30 | 399.83 | 458.37 | 233.52 | 63.76 | 93.00 |
| Total Liabilities & Stockholders Equity | 368.35 | 418.79 | 479.51 | 257.22 | 84.12 | 111.57 |
| Book Value Per Share | 7.67 | 8.84 | 10.41 | -6.04 | -5.92 | -5.21 |
| Tangible Book Value Per Share | 7.67 | 8.84 | 10.41 | -6.04 | -5.92 | -5.21 |
| Full-Time Employees | - | - | 133 | 114 | 109 | 103 |
| Price to Book Ratio | 0.97 | 1.95 | -2.91 | -2.97 | - | - |
| Return on Assets | -101.59 | -75.23 | - | - | - | - |
| Return on Equity | -111.55 | -80.95 | - | - | - | - |
| Return on Invested Capital | -17.24 | -15.00 | -17.17 | -12.33 | -43.17 | -22.66 |
| Quick Ratio | 16.52 | 22.91 | 20.01 | 13.22 | 4.89 | 7.57 |
| Current Ratio | 16.52 | 22.91 | 20.01 | 13.22 | 4.89 | 7.57 |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Net Income | -60.19 | -60.67 | -79.55 | -29.42 | -29.85 | -22.34 |
| Depreciation | 0.15 | 0.16 | 0.14 | 0.14 | 0.14 | 0.17 |
| Other Funds (Non Cash) | 7.84 | 9.05 | 34.30 | -0.12 | 0.92 | 0.17 |
| Funds from Operations | -52.20 | -51.45 | -45.11 | -29.40 | -28.79 | -22.01 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 7.33 | 0.27 | -1.72 | -2.39 | -5.18 | -3.54 |
| Cash from Operating Activities | -44.87 | -51.18 | -46.83 | -31.79 | -33.97 | -25.55 |
| Capital Expenditures | -0.02 | -0.02 | -0.38 | -0.03 | -0.07 | 0.00 |
| 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 | 60.73 | 67.03 | -242.18 | -135.56 | 17.50 | 37.50 |
| Purchase of Investments | -19.77 | 0.00 | -266.18 | -142.06 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 80.50 | 67.03 | 24.00 | 6.50 | 17.50 | 37.50 |
| 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 | 60.70 | 67.01 | -242.55 | -135.59 | 17.43 | 37.50 |
| 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 | 0.09 | 0.65 | 275.86 | 198.97 | 0.00 | 0.01 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.09 | 0.65 | 275.86 | 198.97 | 0.00 | 0.01 |
| Proceedsfrom Stock Options | 0.65 | 0.00 | 275.69 | 198.87 | 0.00 | 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 | -7.50 | -3.89 | -0.92 | -0.16 | -0.05 |
| Other Financing Activities Uses | 0.00 | -7.50 | -3.89 | -0.92 | -0.16 | -0.05 |
| Cash from Financing Activities | 0.09 | -6.85 | 271.96 | 198.06 | -0.16 | -0.05 |
| Net Change in Cash | 15.93 | 8.98 | -17.42 | 30.68 | -16.69 | 11.90 |
| Free Cash Flow | -44.89 | -51.20 | -47.20 | -31.82 | -34.03 | -25.55 |
Revenue breakdown
| Revenue split | - |
|---|
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 26.63% | 3.3M | 12.2M | 518.84K |
| 2026-10-15 | 27.21% | 3.3M | 12.2M | 834.38K |
| 2026-09-30 | 26.08% | 3.1M | 12.1M | 859.36K |
| 2026-09-15 | 28.77% | 3.3M | 11.5M | 878.14K |
| 2026-08-31 | 29.90% | 3.4M | 11.5M | 829.27K |
| 2026-08-14 | 119.85% | 3.2M | 2.7M | 779.51K |
| 2026-07-31 | 42.84% | 3.6M | 8.4M | 724.70K |
| 2026-07-15 | 46.82% | 3.6M | 7.7M | 393.98K |
| 2026-06-30 | 33.65% | 2.6M | 7.7M | 353.37K |
| 2026-06-15 | 24.60% | 1.9M | 7.7M | 299.34K |
| 2026-05-29 | 20.64% | 1.6M | 7.6M | 275.26K |
| 2026-05-15 | 18.07% | 1.4M | 7.5M | 251.57K |
| 2026-04-30 | 22.05% | 1.7M | 7.9M | 242.30K |
| 2026-04-15 | 22.17% | 1.7M | 7.6M | 216.84K |
| 2026-03-31 | 12.35% | 1.4M | 11.5M | 197.33K |
| 2026-03-13 | 11.07% | 1.4M | 12.3M | 228.87K |
| 2026-02-27 | 11.04% | 1.4M | 12.3M | 258.72K |
| 2026-02-13 | 11.20% | 1.4M | 12.3M | 268.91K |
| 2026-01-30 | 6.77% | 1.3M | 18.8M | 280.47K |
| 2026-01-15 | 5.31% | 1.1M | 20.4M | 357.56K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 2.50 | 3.10 | 7.10 | 0.00 | 18.000 | 0.00 | 0.00 | 0.966 | -0.092 | 0.001 |
| call | 5.00 | 1.10 | 4.00 | 0.00 | 6.490 | 0.00 | 0.00 | 0.951 | -0.013 | 0.001 |
| call | 7.50 | 0.00 | 2.10 | 0.00 | 4.330 | 0.00 | 0.00 | 0.692 | -0.140 | 0.004 |
| call | 10.00 | 0.00 | 0.25 | 0.25 | 2.541 | 19.00 | 0.00 | 0.309 | -0.056 | 0.004 |
| call | 12.50 | 0.00 | 3.90 | 0.05 | 2.645 | 1.00 | 0.00 | 0.173 | -0.045 | 0.003 |
| call | 15.00 | 0.00 | 0.85 | 0.10 | 4.031 | 35.00 | 0.00 | 0.233 | -0.077 | 0.004 |
| call | 17.50 | 0.00 | 1.95 | 2.26 | 3.731 | 2.00 | 0.00 | 0.137 | -0.055 | 0.003 |
| call | 20.00 | 0.00 | 1.95 | 0.00 | 4.126 | 0.00 | 0.00 | 0.128 | -0.058 | 0.003 |
| call | 22.50 | 0.00 | 1.95 | 1.95 | 4.483 | 1.00 | 0.00 | 0.122 | -0.061 | 0.002 |
| call | 25.00 | 0.00 | 1.95 | 0.00 | 4.740 | 0.00 | 0.00 | 0.117 | -0.063 | 0.002 |
| call | 30.00 | 0.00 | 1.95 | 14.50 | 5.227 | 1.00 | 0.00 | 0.110 | -0.066 | 0.002 |
| call | 35.00 | 0.00 | 1.95 | 13.00 | 5.624 | 2.00 | 0.00 | 0.105 | -0.069 | 0.002 |
| call | 40.00 | 0.00 | 1.95 | 0.05 | 6.018 | 162 | 0.00 | 0.102 | -0.071 | 0.002 |
| call | 45.00 | 0.00 | 1.95 | 0.05 | 6.305 | 31.00 | 0.00 | 0.099 | -0.073 | 0.002 |
| call | 50.00 | 0.00 | 1.95 | 0.00 | 6.499 | 0.00 | 0.00 | 0.096 | -0.075 | 0.002 |
| call | 55.00 | 0.00 | 0.20 | 0.25 | 6.361 | 15.00 | 0.00 | 0.081 | -0.060 | 0.002 |
| put | 2.50 | 0.00 | 2.95 | 0.00 | 4.154 | 0.00 | 0.00 | -0.021 | -0.014 | 0.001 |
| put | 5.00 | 0.00 | 0.05 | 0.10 | 12.265 | 70.00 | 0.00 | -0.116 | -0.161 | 0.002 |
| put | 7.50 | 0.00 | 2.95 | 0.73 | 6.714 | 15.00 | 0.00 | -0.309 | -0.138 | 0.004 |
| put | 10.00 | 0.75 | 4.80 | 2.70 | 6.916 | 1.00 | 0.00 | -0.776 | -0.035 | 0.004 |
| put | 12.50 | 3.10 | 6.90 | 5.50 | 7.064 | 41.00 | 0.00 | -0.827 | -0.044 | 0.003 |
| put | 15.00 | 5.40 | 9.90 | 6.55 | 8.553 | 0.00 | 0.00 | -0.850 | -0.049 | 0.003 |
| put | 17.50 | 8.00 | 12.00 | 4.50 | 8.408 | 0.00 | 0.00 | -0.783 | -0.081 | 0.004 |
| put | 20.00 | 10.40 | 14.80 | 0.00 | 9.391 | 0.00 | 0.00 | -0.871 | -0.056 | 0.003 |
| put | 22.50 | 13.00 | 17.00 | 0.00 | 8.952 | 0.00 | 0.00 | -0.877 | -0.058 | 0.002 |
| put | 25.00 | 15.40 | 20.00 | 0.00 | 10.560 | 0.00 | 0.00 | -0.882 | -0.060 | 0.002 |
| put | 30.00 | 20.40 | 24.80 | 0.00 | 10.517 | 0.00 | 0.00 | -0.888 | -0.063 | 0.002 |
| put | 35.00 | 25.40 | 30.00 | 0.00 | 11.415 | 0.00 | 0.00 | -0.893 | -0.065 | 0.002 |
| put | 40.00 | 30.40 | 35.00 | 0.00 | 11.811 | 0.00 | 0.00 | -0.897 | -0.067 | 0.002 |
| put | 45.00 | 35.40 | 39.80 | 0.00 | 11.725 | 0.00 | 0.00 | -0.899 | -0.068 | 0.002 |
| put | 50.00 | 40.40 | 45.00 | 0.00 | 12.704 | 0.00 | 0.00 | -0.903 | -0.069 | 0.002 |
| put | 55.00 | 45.40 | 49.80 | 0.00 | 12.293 | 0.00 | 0.00 | -0.919 | -0.058 | 0.002 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-10-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-15 | SEC |
| 2026-10-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-15 | SEC |
| 2026-10-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-15 | SEC |
| 2026-10-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-15 | SEC |
| 2026-10-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-15 | SEC |
| 2026-10-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-15 | SEC |
| 2026-10-15 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-10-15 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-10-15 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-10-15 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-10-15 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-10-15 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-09-23 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-09-23 | 424B3 | SEC | ||
| 2026-09-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-16 | SEC |
| 2026-09-18 | S-1/A | SEC | ||
| 2026-09-16 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-09-09 | S-1 | General form of registration statement for all companies including face-amount certificate companies | SEC | |
| 2026-08-20 | SCHEDULE 13G | SEC | ||
| 2026-08-19 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-17 | SEC |
| 2026-08-19 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-17 | SEC |
| 2026-08-19 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-17 | SEC |
| 2026-08-19 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-17 | SEC |
| 2026-08-19 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-17 | SEC |
| 2026-08-19 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-17 | SEC |
| 2026-08-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-14 | SEC |
| 2026-08-18 | SCHEDULE 13D/A | SEC | ||
| 2026-08-13 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-13 | 8-K | Current report | 2026-08-13 | SEC |
| 2026-08-04 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-03 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 1.06M | 6 |
| 2026-09 | 0 | 0 | 192.66K | 1 |
| 2026-08 | 50.07M | 1 | 276.91K | 1 |
| 2026-07 | 15.46M | 4 | 11.18M | 18 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 11.45M | 20 |
| 2026-04 | 0 | 0 | 4.71M | 16 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 693.85K | 4 | 732.22K | 8 |
| 2026-01 | 0 | 0 | 635.86K | 3 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| Novo Holdings A/S | 8.65% |
| FCPM III SERVICES B.V. | 7.57% |
| T. Rowe Price Investment Management, Inc. | 6.53% |
| GOLDMAN SACHS GROUP INC | 4.57% |
| PRICE T ROWE ASSOCIATES INC /MD/ | 3.34% |
| FMR LLC | 2.92% |
| BlackRock, Inc. | 2.41% |
| Nan Fung Group Holdings Ltd | 2.28% |
| 5AM Venture Management, LLC | 2.23% |
| STATE STREET CORP | 2.00% |
Funds
| Fund | % owned |
|---|---|
| T. Rowe Price Small-Cap Stock Fund, Inc. | 1.47% |
| T. Rowe Price Small-Cap Value Fund, Inc. | 1.42% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 1.30% |
| State Street(R) SPDR(R) S&P(R) Biotech ETF | 1.17% |
| Fidelity Stock Selector Small Cap Fund | 0.95% |
| SMALLCAP World Fund Inc | 0.95% |
| T. Rowe Price Integrated U.S. Small-Cap Growth Equity Fund | 0.95% |
| T. Rowe Price New Horizons Fund, Inc. | 0.94% |
| T. Rowe Price Institutional Small-Cap Stock Fund | 0.80% |
| iShares Russell 2000 ETF | 0.63% |
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