MIST Milestone Pharmaceuticals Inc. - Common Shares

NASDAQ · Pharmaceuticals · View on SEC EDGAR ↗
$1.44
Price · May 20, 2026
Fundamentals as of May 13, 2026
52W Range
$1–$3
21% of range
Analyst Rating
BUY
12 analysts
Price Target
$6
+340% upside
P/E (TTM)
-2.7
ROE
-525.0%
Net Profit Margin
—

MIST Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$1.44
Market Cap
$215M
P/E (TTM)
-2.7
EPS (TTM)
$-0.75
Revenue (TTM)
—
Div Yield
—
ROE
-525.0%
Debt/Equity
—
52W Range
$1 – $3

MIST Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income —
EPS $-0.75
6-point trend, +55.9%
2020-12-31 → 2025-12-31
Free Cash Flow $-49M
3-point trend, +4.3%
2019-12-31 → 2025-12-31
Margins —

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
MIST
Peer Median
P/E (TTM)
5-point trend, +58.1%
-2.7
—
P/B
5-point trend, +50.5%
5.1
0.5
Price / FCF
3-point trend, +42.8%
-4.3
—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
MIST
Peer Median
ROA
5-point trend, -27.7%
-66.7%
-73.1%
ROE
5-point trend, -1077.6%
-525.0%
-92.8%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
MIST
Peer Median
Current Ratio
5-point trend, -45.6%
8.0
4.8
Quick Ratio
5-point trend, -47.3%
7.6
—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
MIST
Peer Median

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
MIST
Peer Median
EPS (Diluted)
5-point trend, +26.5%
$-0.75
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
MIST
Peer Median

MIST Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 12 analysts
  • Strong Buy 3 25.0%
  • Buy 7 58.3%
  • Hold 2 16.7%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

6 analysts · 2026-05-18
Median target $7.00 +386.1%
Mean target $6.33 +339.8%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.11%
Period EPS Actual EPS Est Surprise
March 31, 2026 $-0.20 $0.31 -0.51%
Dec. 31, 2025 $-0.18 $-0.16 -0.02%
Sept. 30, 2025 $-0.12 $-0.17 0.05%
June 30, 2025 $-0.20 $-0.18 -0.02%
March 31, 2025 $-0.31 $-0.19 -0.12%
Dec. 31, 2024 $-0.20 $-0.16 -0.04%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 11
Annual Income Statement data for MIST
Metric Trend 20252024202320222021202020192018
R&D Expense 8-point trend, +7.5% $18M $14M $31M $40M $39M $34M $42M $17M
SG&A Expense 8-point trend, +466.0% $17M $17M $16M $16M $12M $10M $7M $3M
Operating Income 8-point trend, -160.9% $-62M $-42M $-61M $-60M $-43M $-51M $-58M $-24M
Interest Expense · · $3M · · · · ·
Interest Income 3-point trend, -26.4% $3M $4M $4M · · · · ·
Pretax Income 8-point trend, -172.8% $-63M $-42M $-60M $-58M $-43M $-50M $-55M $-23M
Income Tax 3-point trend, -123.0% · · · · · $-17.0K $-56.0K $74.0K
Net Income 8-point trend, -172.0% $-63M $-42M $-60M $-58M $-43M $-50M $-55M $-23M
EPS (Basic) 6-point trend, +55.9% $-0.75 $-0.67 $-1.39 $-1.38 $-1.02 $-1.70 · ·
EPS (Diluted) 6-point trend, +55.9% $-0.75 $-0.67 $-1.39 $-1.38 $-1.02 $-1.70 · ·
EBITDA 5-point trend, -7.2% $-62M $-42M · · $-43M $-51M $-58M ·
Balance Sheet 22
Annual Balance Sheet data for MIST
Metric Trend 20252024202320222021202020192018
Cash & Equivalents 8-point trend, -15.0% $73M $25M $14M $8M $114M $72M $120M $86M
Short-term Investments 7-point trend, +113396.6% $33M $44M $52M $57M $0 $70M · $29.0K
Inventory $648.0K · · · · · · ·
Prepaid Expense 8-point trend, +29.1% $2M $2M $3M $6M $4M $5M $2M $1M
Current Assets 8-point trend, +27.1% $112M $74M $73M $72M $119M $149M $122M $88M
PP&E (Net) 8-point trend, +1603.3% $511.0K $197.0K $277.0K $257.0K $215.0K $308.0K $405.0K $30.0K
PP&E (Gross) 8-point trend, +2136.6% $917.0K $488.0K $468.0K $377.0K $454.0K $454.0K $454.0K $41.0K
Accum. Depreciation 8-point trend, +3590.9% $406.0K $291.0K $191.0K $120.0K $239.0K $146.0K $49.0K $11.0K
Total Assets 8-point trend, +28.9% $114M $75M $75M $74M $120M $150M $123M $88M
Accounts Payable 8-point trend, +26.1% $6M $8M $7M $6M $7M $6M $8M $4M
Accrued Liabilities $8M · · · · · · ·
Current Liabilities 8-point trend, +208.4% $14M $8M $7M $6M $7M $6M $8M $5M
Capital Leases 7-point trend, +192.9% $539.0K $874.0K $1M $2M $474.0K $696.0K $184.0K ·
Other Non-current Liabilities $83.0K · · · · · · ·
Total Liabilities 8-point trend, +1483.8% $72M $62M $58M $8M $7M $7M $9M $5M
Long-term Debt 4-point trend, +57191000.00 $57M $53M $50M · · · $0 ·
Common Stock 8-point trend, +17193.7% $353M $288M $261M $274M $252M $252M $226M $2M
Paid-in Capital 8-point trend, +2314.5% $64M $40M $34M $24M $16M $9M $4M $3M
Retained Earnings 8-point trend, -639.0% $-431M $-368M $-326M $-266M $-208M $-163M $-113M $-58M
Stockholders' Equity 8-point trend, -50.0% $42M $13M $17M $66M $113M $143M $115M $84M
Liabilities + Equity 8-point trend, +28.9% $114M $75M $75M $74M $120M $150M $123M $88M
Shares Outstanding 8-point trend, +17701.4% 106,236,344 53,353,984 33,483,111 34,286,002 29,897,559 29,827,997 24,505,748 596,787
Cash Flow 11
Annual Cash Flow data for MIST
Metric Trend 20252024202320222021202020192018
D&A 8-point trend, +1040.0% $114.0K $105.0K $92.0K $89.0K $93.0K $97.0K $38.0K $10.0K
Stock-based Comp 8-point trend, +1078.7% $7M $6M $10M $9M $7M $5M $1M $633.0K
Other Non-cash 5-point trend, +126.2% $6M $7M · · $2M $-6M $3M ·
Operating Cash Flow 8-point trend, -133.0% $-49M $-29M $-46M $-52M $-33M $-51M $-51M $-21M
CapEx 6-point trend, +5940.0% $302.0K $33.0K $112.0K $272.0K · · $413.0K $5.0K
Investing Cash Flow 8-point trend, -29.7% $11M $8M $5M $-57M $70M $-70M $-384.0K $16M
Stock Issued 4-point trend, +50.9% $38M $27M · $3M · $25M · ·
Net Stock Activity 3-point trend, +50.9% $38M $27M · · · $25M · ·
Financing Cash Flow 8-point trend, +6.8% $86M $32M $48M $3M $5M $73M $85M $80M
Net Change in Cash 8-point trend, -36.4% $48M $12M $6M $-107M $42M $-48M $34M $75M
Free Cash Flow 3-point trend, +4.3% $-49M $-29M · · · · $-52M ·
Profitability 3
Annual Profitability data for MIST
Metric Trend 20252024202320222021202020192018
ROA 5-point trend, -27.7% -66.7% -55.1% · · -31.8% -36.5% -52.2% ·
ROE 5-point trend, -1077.6% -525.0% -223.5% · · -35.7% -40.7% -44.6% ·
ROIC 2-point trend, +29.6% · · · · · -35.4% -50.3% ·
Liquidity & Solvency 2
Annual Liquidity & Solvency data for MIST
Metric Trend 20252024202320222021202020192018
Current Ratio 5-point trend, -45.6% 8.0 9.1 · · 17.6 24.1 14.7 ·
Quick Ratio 5-point trend, -47.3% 7.6 8.6 · · 16.8 23.1 14.4 ·
Per Share 3
Annual Per Share data for MIST
Metric Trend 20252024202320222021202020192018
Book Value / Share 5-point trend, -91.6% $0.39 $0.25 · · $3.77 $4.80 $4.69 ·
Cash / Share 5-point trend, -85.9% $0.69 $0.47 · · $3.82 $2.42 $4.89 ·
EPS (TTM) 6-point trend, +55.9% $-0.75 $-0.67 $-1.39 $-1.38 $-1.02 $-1.70 · ·
Valuation (TTM) 8
Annual Valuation (TTM) data for MIST
Metric Trend 20252024202320222021202020192018
Net Income TTM 7-point trend, -14.2% $-63M $-42M $-60M $-58M $-43M $-50M $-55M ·
Market Cap 5-point trend, -45.3% $215M $126M · · $196M $200M $392M ·
P/E 6-point trend, +31.7% -2.7 -3.5 -1.2 -2.9 -6.4 -3.9 · ·
P/B 5-point trend, +50.5% 5.1 9.6 · · 1.7 1.4 3.4 ·
P / Tangible Book 6-point trend, +267.9% 5.1 9.6 3.3 2.0 1.7 1.4 · ·
P / Cash Flow 5-point trend, +42.9% -4.4 -4.4 · · -5.9 -3.9 -7.7 ·
P / FCF 3-point trend, +42.8% -4.3 -4.4 · · · · -7.6 ·
Earnings Yield 6-point trend, -46.4% -37.1% -28.4% -83.2% -34.8% -15.6% -25.4% · ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Net Income $-63M$-42M$-60M$-58M$-43M
Diluted EPS $-0.75$-0.67$-1.39$-1.38$-1.02
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Current Ratio 8.09.1——17.6
Quick Ratio 7.68.6——16.8
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $-49M$-29M———

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