IKT Inhibikase Therapeutics, Inc. - Common Stock
NASDAQ · Biotechnology · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 11, 2026
$2.00
· of 52w range
· above low
· to high
$1.3352w low
$2.6152w high
Market Cap (MRQ)
$264M
P/E
-4.1
EPS
$-0.49
Revenue
$0
your badges
52W Range
$1–$3
Analyst Rating
BUY
Price Target
$6
P/E
-4.1
ROE
-38.2%
Net Profit Margin
-1299.0%
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IKT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$2.00
Market Cap (MRQ)
$264M
P/E
-4.1
EPS
$-0.49
Revenue
$0
ROE
-38.2%
52W Range
$1–$3
IKT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| June 30, 2023 | 1-for-6 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$02020-12-31 → 2024-12-31
EPS$-0.492021-12-31 → 2025-12-31
Free Cash Flow$-28M2023-12-31 → 2025-12-31
Net margin-1299.0%2021-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | IKT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -4.15Y avg ≈-3.8 | ≈-3.8 | · | · | |
| P/B (MRQ) | 1.75Y avg ≈2.7 | ≈2.7 | 1.7 | Fair value | |
| Price / FCF (TTM) | -6.2 | · | · | · | |
| Price / Cash Flow (TTM) | -6.25Y avg ≈-8.6 | ≈-8.6 | · | · | |
| Price / Tangible Book | 1.55Y avg ≈2.8 | ≈2.8 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | IKT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin | -1399.0%5Y avg ≈-3195.7% | ≈-3195.7% | -374.9% | Weak | |
| EBITDA Margin | -1399.0%5Y avg ≈-3195.7% | ≈-3195.7% | -372.6% | Weak | |
| Pretax Margin | -1.3% | · | -123.5% | Top tier | |
| Net Profit Margin | -1299.0%5Y avg ≈-3026.9% | ≈-3026.9% | -353.6% | Weak | |
| ROA | -34.5%5Y avg ≈-60.9% | ≈-60.9% | -37.2% | Top tier | |
| ROE | -38.2%5Y avg ≈-73.6% | ≈-73.6% | -48.6% | Top tier | |
| ROIC | -30.1% | · | -41.9% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | IKT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 15.8 | · | 12.8 | Strong liquidity | |
| Quick Ratio | 26.35Y avg ≈13.4 | ≈13.4 | 6.1 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | IKT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 111.0%5Y avg ≈119.6% | ≈119.6% | · | · | |
| Revenue CAGR 3Y | -28.0% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | IKT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.05Y avg ≈0.0 | ≈0.0 | 0.0 | Weak | |
| Revenue / Employee | ≈$0.00 | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-75.9%
Next Report
Nov 12, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 12, 2026 | $-0.11 | $-0.11 | -1.8% |
| March 31, 2026 | May 12, 2026 | $-0.10 | $-0.11 | 8.6% |
| Dec. 31, 2025 | $-0.09 | $-0.10 | 13.6% | |
| Sept. 30, 2025 | $-0.13 | $-0.13 | 0.99% | |
| June 30, 2025 | $-0.11 | $-0.09 | -21.0% | |
| March 31, 2025 | $-0.17 | $-0.11 | -60.2% | |
| Dec. 31, 2024 | $-0.50 | $-0.09 | -471.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | · | $0 | $260.5K | $123.4K | $3M | $698.5K | |
| R&D Expense | $30M | $17M | $14M | $12M | $11M | $893.8K | |
| SG&A Expense | $24M | $11M | $7M | $6M | $7M | $3M | |
| Operating Expenses | $52M | $29M | $20M | $18M | $18M | $4M | |
| Operating Income | $-52M | $-29M | $-20M | $-18M | $-15M | $-3M | |
| Interest Expense | · | · | · | · | $19.9K | $29.4K | |
| Pretax Income | $-48.3K | $-27.5K | · | · | · | · | |
| Income Tax | $0 | $0 | · | · | · | · | |
| Net Income | $-48M | $-28M | $-19M | $-18M | $-15M | $-3M | |
| EPS (Basic) | $-0.49 | $-1.16 | $-3.16 | $-4.28 | $-0.81 | · | |
| EPS (Diluted) | $-0.49 | $-1.16 | $-3.16 | $-4.28 | $-0.81 | · | |
| Shares (Basic) | 98,310,190 | 23,712,220 | 6,028,210 | 4,223,099 | 18,209,198 | · | |
| Shares (Diluted) | 98,310,190 | 23,712,220 | 6,028,210 | 4,223,099 | 18,209,198 | · | |
| EBITDA | $-52M | · | $-20M | · | $-15M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $139M | $98M | $9M | $7M | $41M | $14M | |
| Short-term Investments | $40M | $41M | $4M | $16M | $0 | · | |
| Prepaid Expense | $343.4K | $826.5K | $739.2K | $163.5K | $2M | $54.8K | |
| Current Assets | $180M | $98M | $14M | $24M | $42M | $15M | |
| PP&E (Net) | $0 | $47.1K | $73.4K | $236.5K | $0 | · | |
| PP&E (Gross) | $0 | $103.8K | $103.8K | $243.3K | · | · | |
| Other Non-current Assets | $95.1K | $0 | · | · | · | · | |
| Total Assets | $181M | $99M | $15M | $25M | $42M | $15M | |
| Accounts Payable | $1M | $943.0K | $646.8K | $1M | $1M | $2M | |
| Accrued Liabilities | $4M | $3M | $2M | $2M | $3M | $632.9K | |
| Short-term Debt | · | · | · | · | $248.9K | $42.5K | |
| Current Liabilities | $8M | $4M | $3M | $4M | $4M | $5M | |
| Capital Leases | · | · | $90.1K | $205.5K | $0 | · | |
| Total Liabilities | $8M | $4M | $4M | $4M | $4M | $5M | |
| Long-term Debt | · | · | $381.8K | · | $248.9K | · | |
| Total Debt | · | · | · | · | $248.9K | · | |
| Common Stock | $131.7K | $69.4K | $6.2K | $4.2K | $25.2K | $10.1K | |
| Retained Earnings | $-143M | $-94M | $-67M | $-48M | $-30M | $15M | |
| AOCI | $21.8K | $-37.2K | $877 | $104.7K | $0 | · | |
| Stockholders' Equity | $173M | $95M | $11M | $21M | $38M | $10M | |
| Liabilities + Equity | $181M | $99M | $15M | $25M | $42M | $15M | |
| Shares Outstanding | 131,691,237 | 69,362,439 | 6,186,280 | 4,224,294 | 4,212,317 | 10,050,849 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Stock-based Comp | $15M | $8M | $500.1K | $458.1K | $2M | $573.7K | |
| Operating Cash Flow | $-28M | $-19M | $-18M | $-17M | $-14M | $-1M | |
| CapEx | $13.4K | $0 | $14.2K | $243.3K | $0 | · | |
| Investing Cash Flow | $2M | $-37M | $12M | $-16M | $0 | · | |
| Stock Issued | $108M | $103M | $9M | $0 | $0 | $4.9K | |
| Net Stock Activity | $108M | · | $9M | · | $0 | · | |
| Financing Cash Flow | $108M | $103M | $8M | $-204.8K | $41M | $15M | |
| Free Cash Flow | $-28M | · | $-18M | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Operating Margin | -1399.0% | · | -7712.0% | · | -476.2% | · | |
| Net Margin | -1299.0% | · | -7304.7% | · | -476.9% | · | |
| Pretax Margin | -1.3% | · | · | · | · | · | |
| EBITDA Margin | -1399.0% | · | -7712.0% | · | -476.2% | · | |
| ROA | -34.5% | · | -96.5% | · | -51.6% | · | |
| ROE | -38.2% | · | -146.4% | · | -36.2% | · | |
| ROIC | -30.1% | · | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 21.7 | · | 4.1 | · | · | · | |
| Quick Ratio | 26.3 | · | 3.9 | · | 10.1 | · | |
| Debt / Equity | · | · | · | · | 0.0 | · | |
| Interest Coverage | · | · | · | · | -741.2 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | · | 0.0 | · | 0.1 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Book Value / Share | $1.31 | · | $1.77 | · | $1.53 | · | |
| Revenue / Share | $0.04 | · | $0.05 | · | · | · | |
| Cash Flow / Share | $-0.28 | · | $-3.39 | · | · | · | |
| Cash / Share | $1.36 | · | $1.48 | · | $1.62 | · | |
| EPS (TTM) | $-0.49 | $-1.16 | $-3.16 | $-4.28 | $-0.81 | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | · | · | 111.0% | -96.0% | 343.9% | · | |
| Revenue CAGR 3Y | · | · | -28.0% | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $0 | $0 | $260.5K | $123.4K | $3M | $698.5K | |
| Net Income TTM | $-48M | $-28M | $-19M | $-18M | $-15M | $-3M | |
| Market Cap | $270M | · | $8M | · | $222M | · | |
| Enterprise Value | · | · | · | · | $181M | · | |
| P/E | -4.2 | -2.8 | -0.4 | -0.7 | -10.9 | · | |
| P/S | · | · | 30.2 | · | 71.6 | · | |
| P/B | 1.6 | · | 0.7 | · | 5.8 | · | |
| P / Tangible Book | 1.6 | 2.4 | 0.7 | 3.6 | 5.8 | · | |
| P / Cash Flow | -9.7 | · | -0.4 | · | -15.5 | · | |
| P / FCF | -9.7 | · | -0.4 | · | · | · | |
| EV / EBITDA | · | · | · | · | -12.3 | · | |
| EV / Revenue | · | · | · | · | 58.5 | · | |
| Earnings Yield | -23.9% | -35.7% | -248.8% | -142.7% | -9.2% | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | · | $0 | $0 | $0 | · | $0 | $0 | $0 | $1 | $79.6K | $116.4K | $64.5K | $63.6K | $7.3K | |
| R&D Expense | $13M | $11M | $6M | $8M | $5M | $11M | $7M | $4M | $3M | $3M | $3M | $3M | $5M | $3M | $3M | $3M | |
| SG&A Expense | $8M | $7M | $7M | $6M | $6M | $5M | $6M | $2M | $2M | $2M | $1M | $2M | $2M | $2M | $1M | $2M | |
| Operating Expenses | $21M | $18M | $14M | $13M | $11M | $15M | $13M | $6M | $5M | $5M | $4M | $5M | $6M | $5M | $4M | $5M | |
| Operating Income | $-21M | $-18M | $-14M | $-13M | $-11M | $-15M | $-13M | $-6M | $-5M | $-5M | $-4M | $-5M | $-6M | $-5M | $-4M | $-5M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 | |
| Net Income | $-20M | $-16M | $-13M | $-12M | $-10M | $-14M | $-12M | $-6M | $-5M | $-5M | $-4M | $-5M | $-6M | $-4M | $-4M | $-4M | |
| EPS (Basic) | $-0.11 | $-0.10 | $-0.10 | $-0.13 | $-0.11 | $-0.15 | $0.88 | $-0.65 | $-0.66 | $-0.73 | $-0.21 | $-0.86 | $-1.11 | $-0.98 | $-1.94 | $-1.06 | |
| EPS (Diluted) | $-0.11 | $-0.10 | $-0.10 | $-0.13 | $-0.11 | $-0.15 | $0.88 | $-0.65 | $-0.66 | $-0.73 | $-0.21 | $-0.86 | $-1.11 | $-0.98 | $-1.94 | $-1.06 | |
| Shares (Basic) | 174,571,543 | 172,306,932 | · | 90,050,973 | 90,009,625 | 89,537,171 | · | 8,882,570 | 7,535,667 | 6,340,697 | · | 5,342,337 | 5,226,101 | 4,585,013 | · | 4,224,294 | |
| Shares (Diluted) | 174,571,543 | 172,306,932 | · | 90,050,973 | 90,009,625 | 89,537,171 | · | 8,882,570 | 7,535,667 | 6,340,697 | · | 5,342,337 | 5,226,101 | 4,585,013 | · | 4,224,294 | |
| EBITDA | $-21M | $-18M | · | $-13M | $-11M | $-15M | · | $-6M | $-5M | $-5M | · | $-5M | $-6M | $-5M | · | $-5M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $31M | $50M | $179M | $38M | $78M | $73M | $98M | $913.4K | $3M | $2M | $9M | $15M | $2M | $4M | $7M | $6M | |
| Short-term Investments | $128M | $121M | $40M | $39M | $10M | $20M | $41M | $2M | $5M | $7M | $4M | $2M | $19M | $22M | $16M | $21M | |
| Prepaid Expense | $933.9K | $1M | $343.4K | $618.8K | $682.6K | $932.0K | $826.5K | $280.9K | $356.5K | $851.1K | $739.2K | $371.5K | $543.9K | $922.8K | $163.5K | $505.9K | |
| Current Assets | $162M | $172M | $180M | $79M | $89M | $94M | $98M | $4M | $9M | $11M | $14M | $18M | $22M | $28M | $24M | $28M | |
| PP&E (Net) | · | · | $0 | $0 | $23.7K | $47.8K | $47.1K | $53.7K | $60.2K | $66.8K | $73.4K | $79.9K | $86.5K | $231.5K | $236.5K | $241.6K | |
| PP&E (Gross) | · | · | $0 | $117.2K | $117.2K | $117.2K | $103.8K | $103.8K | $103.8K | $103.8K | $103.8K | $103.8K | $257.5K | $243.3K | $243.3K | $243.3K | |
| Other Non-current Assets | $244.7K | $155.8K | $95.1K | $57.9K | · | · | $0 | · | · | · | · | · | · | · | · | · | |
| Total Assets | $164M | $173M | $181M | $80M | $89M | $94M | $99M | $4M | $9M | $11M | $15M | $18M | $22M | $28M | $25M | $29M | |
| Accounts Payable | $991.7K | $2M | $1M | $620.5K | $3M | $2M | $943.0K | $3M | $1M | $1M | $646.8K | $734.6K | $754.1K | $959.1K | $1M | $781.2K | |
| Accrued Liabilities | $9M | $4M | $4M | $4M | $3M | $4M | $3M | $2M | $2M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Current Liabilities | $10M | $6M | $8M | $7M | $9M | $9M | $4M | $5M | $4M | $4M | $3M | $3M | $3M | $3M | $4M | $3M | |
| Capital Leases | · | · | · | · | · | · | · | · | $25.6K | $58.3K | · | $121.0K | $150.0K | $178.1K | $205.5K | $232.0K | |
| Other Non-current Liabilities | $400.0K | $400.0K | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $10M | $6M | $8M | $7M | $9M | $9M | $4M | $5M | $4M | $4M | $4M | $3M | $3M | $3M | $4M | $3M | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Common Stock | $132.0K | $132.0K | $131.7K | $74.8K | $74.5K | $74.3K | $69.4K | $7.5K | $7.2K | $6.5K | $6.2K | $5.4K | $5.3K | $31.1K | $4.2K | $25.2K | |
| Retained Earnings | $-179M | $-159M | $-143M | $-130M | $-118M | $-108M | $-94M | $-82M | $-77M | $-72M | $-67M | $-63M | $-58M | $-52M | $-48M | $-44M | |
| AOCI | $-72.8K | $-26.3K | $21.8K | $-4.2K | $-2.9K | $-967 | $-37.2K | $1.8K | $-1.0K | $-1.8K | $877 | $-143 | $-1.7K | $165.8K | $104.7K | $26.8K | |
| Stockholders' Equity | $153M | $168M | $173M | $73M | $80M | $86M | $95M | $-530.6K | $5M | $7M | $11M | $15M | $19M | $25M | $21M | $25M | |
| Liabilities + Equity | $164M | $173M | $181M | $80M | $89M | $94M | $99M | $4M | $9M | $11M | $15M | $18M | $22M | $28M | $25M | $29M | |
| Shares Outstanding | 132,032,636 | 132,032,636 | 131,691,237 | 74,807,911 | 74,516,635 | 74,341,540 | 69,362,439 | 7,464,070 | 7,216,145 | 6,476,844 | 6,186,280 | 5,360,326 | 5,290,826 | 31,056,238 | 4,224,294 | 25,227,051 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $5M | $6M | $5M | $5M | $4M | $2M | $8M | $148.0K | $30.7K | $53.4K | $122.2K | $129.8K | $124.8K | $123.3K | $100.4K | $101.8K | |
| Operating Cash Flow | $-12M | $-12M | $-8M | $-11M | $-6M | $-4M | $-5M | $-5M | $-5M | $-4M | $-3M | $-4M | $-5M | $-6M | $-4M | $-6M | |
| CapEx | $0 | $0 | $0 | $0 | $0 | $13.4K | $0 | $0 | $0 | $0 | $0 | $0 | · | · | $0 | $200.2K | |
| Investing Cash Flow | $-6M | $-80M | $-98.8K | $-29M | $10M | $21M | $-39M | $3M | $3M | $-3M | $-2M | $17M | $3M | $-6M | $5M | $-21M | |
| Stock Issued | $0 | $3M | $108M | $0 | $150 | $0 | $100M | $182.0K | $3M | $397.6K | $452 | $70 | $-36.0K | $1M | $0 | $0 | |
| Net Stock Activity | · | $3M | · | · | · | $0 | · | · | · | $397.6K | · | · | · | $9M | · | · | |
| Financing Cash Flow | $-14.5K | $3M | $109M | $-134.1K | $31.8K | $0 | $100M | $182.0K | $3M | $367.0K | $-138.1K | $70 | $-36.0K | $9M | $0 | $0 | |
| Free Cash Flow | · | $-12M | · | · | · | $-4M | · | · | · | · | · | · | · | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | · | · | · | · | · | · | · | · | -5993.4% | -5328.1% | -7307.6% | · | -61899.6% | |
| Net Margin | · | · | · | · | · | · | · | · | · | · | · | -5775.1% | -4963.5% | -6940.0% | · | -61645.4% | |
| EBITDA Margin | · | · | · | · | · | · | · | · | · | · | · | -5993.4% | -5328.1% | -7307.6% | · | -61899.6% | |
| ROA | -15.5% | -12.2% | · | -28.4% | -20.3% | -26.0% | · | -51.9% | -31.8% | -23.7% | · | -19.8% | -20.5% | -13.5% | · | -12.1% | |
| ROE | -16.8% | -12.9% | · | -33.0% | -23.3% | -29.6% | · | -79.8% | -40.4% | -29.0% | · | -22.9% | -23.6% | -15.1% | · | -13.2% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 15.8 | 30.1 | · | 11.7 | 10.1 | 11.0 | · | 0.9 | 2.3 | 2.6 | · | 6.4 | 8.0 | 10.4 | · | 8.7 | |
| Quick Ratio | 15.5 | 29.8 | · | 11.5 | 10.0 | 10.9 | · | 0.7 | 2.1 | 2.3 | · | 6.1 | 7.7 | 9.7 | · | 8.3 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | 0.0 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | · | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $1.16 | $1.27 | · | $0.97 | · | $1.15 | · | $-0.07 | $0.71 | $1.05 | · | $2.80 | $3.68 | $0.82 | · | $1.00 | |
| Revenue / Share | $0.00 | $0.00 | · | $0.00 | · | $0.00 | · | $0.00 | $0.00 | $0.00 | · | $0.01 | $0.02 | $0.00 | · | $0.00 | |
| Cash Flow / Share | · | $-0.07 | · | · | · | $-0.05 | · | · | · | $-0.61 | · | · | · | $-0.22 | · | · | |
| Cash / Share | $0.24 | $0.38 | · | $0.51 | · | $0.99 | · | $0.12 | $0.43 | $0.36 | · | $2.77 | $0.36 | $0.13 | · | $0.23 | |
| EPS (TTM) | $-0.44 | $-0.44 | · | $0.49 | $-0.03 | $-0.58 | · | $-2.25 | $-2.46 | $-2.91 | · | $-4.89 | $-5.09 | $-5.08 | · | $-2.54 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | · | · | · | · | · | · | $1 | $79.6K | $196.0K | · | $324.1K | $251.8K | $141.9K | · | $61.8K | |
| Net Income TTM | $-61M | $-51M | · | $-48M | $-42M | $-37M | · | $-20M | $-18M | $-19M | · | $-19M | $-19M | $-18M | · | $-19M | |
| Market Cap | $268M | $222M | · | $121M | · | $163M | · | $10M | $9M | $14M | · | $7M | $19M | $123M | · | $138M | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $111M | |
| P/E | -4.6 | -3.8 | · | 3.3 | -65.0 | -3.8 | · | -0.6 | -0.5 | -0.7 | · | -0.3 | -0.7 | -0.8 | · | -2.1 | |
| P/S | · | · | · | · | · | · | · | 9703291.0 | 109.7 | 71.4 | · | 23.0 | 75.9 | 863.9 | · | 2228.1 | |
| P/B | 1.7 | 1.3 | · | 1.7 | · | 1.9 | · | -18.3 | 1.7 | 2.1 | · | 0.5 | 1.0 | 4.8 | · | 5.5 | |
| P / Tangible Book | 1.7 | 1.3 | · | 1.7 | 1.8 | 1.9 | · | · | 1.7 | 2.1 | · | 0.5 | 1.0 | 4.8 | · | 5.5 | |
| P / Cash Flow | · | -18.4 | · | · | · | -39.7 | · | · | · | -3.6 | · | · | · | -20.5 | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | 1798.9 | |
| Earnings Yield | -21.7% | -26.2% | · | 30.2% | -1.5% | -26.5% | · | -173.1% | -203.3% | -134.7% | · | -351.8% | -141.0% | -128.7% | · | -46.5% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | · | $0 | $260.5K | $123.4K | $3M |
| Operating Margin % | -1399.0% | · | -7712.0% | · | -476.2% |
| Net Income | $-48M | $-28M | $-19M | $-18M | $-15M |
| Diluted EPS | $-0.49 | $-1.16 | $-3.16 | $-4.28 | $-0.81 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | · | · | · | · | 0.0 |
| Current Ratio | 21.7 | · | 4.1 | · | · |
| Quick Ratio | 26.3 | · | 3.9 | · | 10.1 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-28M | · | $-18M | · | · |
Institutional owners (13F) 109 filers · $248.4M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
109
Value held
$248.4M
New positions
20
Exited positions
14
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 20 (-19 vs prior Q) | 14 (+6 vs prior Q) | 46 (+9 vs prior Q) | 23 (+9 vs prior Q) | +8.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Sands Capital Alternatives, LLC | $26,428,499 | 13,018,965 | 10.64% | Shares |
| Soleus Capital Management, L.P. | $22,076,250 | 10,875,000 | 8.89% | Shares |
| Trails Edge Capital Partners, LP | $18,374,176 | 9,051,318 | 7.40% | Shares |
| Fairmount Funds Management LLC | $17,508,750 | 8,625,000 | 7.05% | Shares |
| BlackRock, Inc. | $15,769,155 | 7,768,057 | 6.35% | Shares |
| ADAR1 Capital Management, LLC | $14,996,026 | 7,387,205 | 6.04% | Shares |
| Blackstone Inc. | $12,054,700 | 5,938,276 | 4.85% | Shares |
| Siren, L.L.C. | $11,875,500 | 5,850,000 | 4.78% | Shares |
| Commodore Capital LP | $10,956,901 | 5,397,488 | 4.41% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $10,018,769 | 4,935,354 | 4.03% | Shares |
| VANGUARD GROUP INC | $9,345,138 | 4,558,604 | 3.76% | Shares |
| MILLENNIUM MANAGEMENT LLC | $8,177,047 | 4,028,102 | 3.29% | Shares |
| Saturn V Capital Management LP | $7,854,184 | 3,869,056 | 3.16% | Shares |
| Kalehua Capital Management LLC | $7,758,437 | 3,821,890 | 3.12% | Shares |
| Spruce Street Capital LP | $7,270,654 | 3,581,603 | 2.93% | Shares |
| Squadron Capital Management LLC | $6,090,000 | 3,000,000 | 2.45% | Shares |
| Nantahala Capital Management, LLC | $5,484,782 | 2,701,863 | 2.21% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $5,293,608 | 2,607,129 | 2.13% | Shares |
| STATE STREET CORP | $3,875,475 | 1,909,101 | 1.56% | Shares |
| SummitTX Capital, L.P. | $3,613,932 | 1,780,262 | 1.45% | Shares |
| Integral Health Asset Management, LLC | $2,740,500 | 1,350,000 | 1.10% | Shares |
| NORTHERN TRUST CORP | $1,783,527 | 878,585 | 0.72% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,643,265 | 809,490 | 0.66% | Shares |
| TWO SIGMA INVESTMENTS, LP | $1,636,716 | 806,264 | 0.66% | Shares |
| SPHERA FUNDS MANAGEMENT LTD. | $1,318,097 | 649,309 | 0.53% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,232,738 | 607,260 | 0.50% | Shares |
| Kennondale Capital Management LLC | $1,148,945 | 565,983 | 0.46% | Shares |
| Pathstone Holdings, LLC | $1,036,510 | 510,596 | 0.42% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $950,440 | 468,197 | 0.38% | Shares |
| Nuveen, LLC | $863,749 | 425,492 | 0.35% | Shares |
| Stonepine Capital Management, LLC | $804,243 | 396,179 | 0.32% | Shares |
| Seven Fleet Capital Management LP | $704,207 | 346,900 | 0.28% | Shares |
| Bank of New York Mellon Corp | $615,346 | 303,126 | 0.25% | Shares |
| JPMORGAN CHASE & CO | $610,988 | 316,574 | 0.25% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $558,333 | 275,041 | 0.22% | Shares |
| Rangeley Capital, LLC | $446,600 | 220,000 | 0.18% | Shares |
| UBS Group AG | $415,448 | 204,654 | 0.17% | Shares |
| BLAIR WILLIAM & CO/IL | $316,842 | 156,080 | 0.13% | Shares |
| ALPS ADVISORS INC | $272,024 | 134,002 | 0.11% | Shares |
| DEUTSCHE BANK AG\ | $257,154 | 126,677 | 0.10% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $245,418 | 128,491 | 0.10% | Shares |
| RHUMBLINE ADVISERS | $243,622 | 120,014 | 0.10% | Shares |
| MORGAN STANLEY | $231,432 | 114,006 | 0.09% | Shares |
| BANK OF AMERICA CORP /DE/ | $219,288 | 108,024 | 0.09% | Shares |
| FMR LLC | $210,566 | 103,727 | 0.08% | Shares |
| WELLS FARGO & COMPANY/MN | $206,737 | 101,841 | 0.08% | Shares |
| CITADEL ADVISORS LLC | $150,928 | 74,349 | 0.06% | Shares |
| IEQ CAPITAL, LLC | $139,078 | 68,511 | 0.06% | Shares |
| MetLife Investment Management, LLC | $126,924 | 62,524 | 0.05% | Shares |
| Invesco Ltd. | $126,069 | 62,103 | 0.05% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| FiveT Investment Management Ltd, FiveT Capital AG ×5 filings | Feb. 24, 2023 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 16 insiders · 6 officers · 12 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Mark T Iwicki | Chief Executive Officer | Jan. 5, 2026 A | · | 0 | 0 | $0 |
| Milton H. Werner | President and CEO | Jan. 21, 2025 A | 5,335,433 | 0 | 0 | $0 |
| David Mcintyre | Chief Financial Officer | Jan. 5, 2026 A | · | 0 | 0 | $0 |
| Garth Lees-Rolfe | Chief Financial Officer | Jan. 21, 2025 A | · | 0 | 0 | $0 |
| Christopher Cabell | President & Head of R&D | Feb. 21, 2026 D | 676,564 | 0 | 0 | $0 |
| Joseph Frattaroli | Cheif Financial Officer | March 1, 2023 A | 48,091 | 0 | 0 | $0 |
| Dennis N Berman | Director | July 30, 2026 M | 21,854 | 0 | 0 | $0 |
| David Canner | Director | June 26, 2026 A | · | 0 | 0 | $0 |
| Arvind Kush | Director | June 26, 2026 A | 145,000 | 0 | 0 | $0 |
| Roberto Bellini | Director | June 26, 2026 A | 1,460,000 | 0 | 0 | $0 |
| Vincent Aurentz | Director | June 26, 2026 A | 510,596 | 0 | 0 | $0 |
| Amit Munshi | Director | June 26, 2026 A | 38,176 | 0 | 0 | $0 |
| Roy Lester Freeman | Director | Feb. 14, 2025 A | · | 0 | 0 | $0 |
| Gisele Dion | Director | July 16, 2024 A | · | 0 | 0 | $0 |
| Paul C Grint | Director | July 16, 2024 A | · | 0 | 0 | $0 |
| Elizabeth G. O'Farrell | Director | June 24, 2022 A | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 10 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IBRN · iShares Trust | 0.24% | 7,572 SH | Sept. 11, 2026 | Daily |
| IWC · iShares Trust | 0.07% | 410,433 SH | Sept. 11, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 105,758 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 697,322 SH | Aug. 19, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 2,954,394 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 57,994 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 1,055,770 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,764,138 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 6,410 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | · | 1,100,377 SH | Sept. 11, 2026 | Daily |
IKT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 13 analysts
BUY
Median target
$6.00
+200.0%
5 38.5%
Strong Buy
7 53.8%
Buy
1 7.7%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
9 analysts · 2026-09-28Mean target $6.00 +200.0%
← Below all targets
Current price $2.00
Low$3.00
Mean$6.00
High$8.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| IKT | $270M | -4.2 | 111.0% | -1299.0% | -38.2% | · |
| VNDA | $521M | -2.4 | 8.7% | -102.0% | -54.2% | · |
| UPB | $1.47B | -10.2 | 20.4% | -5026.0% | -38.3% | · |
| RCKT | · | · | · | · | · | · |
| FATE | $113M | -0.9 | -51.2% | -2051.1% | -58.2% | · |
| ZSQR | · | · | · | · | · | · |
| SABS | · | · | · | · | · | · |
| IPSC | $87M | -7.1 | 1556.8% | -8.8% | -5.2% | · |
| TLSI | · | · | · | · | · | · |
| IMRX | · | -5.2 | · | · | -45.3% | · |
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Source: SEC 10-Q filed Aug 11, 2026