NMRA Neumora Therapeutics, Inc. - Common Stock
NASDAQ · Pharmaceuticals · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 14, 2026
$0.50
· of 52w range
· above low
· to high
$0.4852w low
$3.6052w high
Market Cap
$87M
P/E
-0.3
EPS
$-1.45
your badges
52W Range
$0–$4
Analyst Rating
BUY
Price Target
$6
P/E
-0.3
ROE
-165.2%
Net Profit Margin
·
Your badge strip is empty — pin a metric anywhere on this page.
NMRA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$0.50
Market Cap
$87M
P/E
-0.3
EPS
$-1.45
ROE
-165.2%
Debt/Equity (MRQ)
2.5
52W Range
$0–$4
NMRA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
range
bars
Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.
10-Year Performance Revenue, net income, margins and EPS trends
EPS$-1.452022-12-31 → 2025-12-31
Free Cash Flow·2023-12-31 → 2023-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | NMRA | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -0.35Y avg ≈-4.3 | ≈-4.3 | · | · | |
| P/B | 0.85Y avg ≈4.9 | ≈4.9 | 8.8 | Undervalued | |
| EV / EBITDA | -0.1 | · | · | · | |
| Price / Cash Flow | -0.45Y avg ≈-9.2 | ≈-9.2 | · | · | |
| Price / Tangible Book | 0.85Y avg ≈4.9 | ≈4.9 | · | · |
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 | NMRA | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| ROA | -93.3%5Y avg ≈-68.1% | ≈-68.1% | -59.8% | Weak | |
| ROE | -165.2%5Y avg ≈-97.8% | ≈-97.8% | -113.7% | Weak | |
| ROIC | -110.5%5Y avg ≈-85.4% | ≈-85.4% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | NMRA | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 2.5 | · | 0.0 | High debt | |
| Current Ratio (MRQ) | 4.55Y avg ≈11.8 | ≈11.8 | 3.2 | Strong liquidity | |
| Quick Ratio | 5.65Y avg ≈11.3 | ≈11.3 | 2.8 | Strong liquidity | |
| Long-Term Debt / Equity (MRQ) | 1.2 | · | · | · | |
| Interest Coverage | -120.0 | · | -23.3 | Low liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
4.7%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 14, 2026 | $-0.23 | $-0.24 | 6.0% |
| March 31, 2026 | May 12, 2026 | $-0.30 | $-0.32 | 5.1% |
| Dec. 31, 2025 | $-0.35 | $-0.33 | -5.4% | |
| Sept. 30, 2025 | $-0.32 | $-0.34 | 6.0% | |
| June 30, 2025 | $-0.33 | $-0.38 | 12.2% | |
| March 31, 2025 | $-0.42 | $-0.38 | -10.0% | |
| Dec. 31, 2024 | $-0.37 | $-0.46 | 18.7% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| R&D Expense | $176M | $201M | $143M | $92M | |
| SG&A Expense | $60M | $63M | $45M | $31M | |
| Operating Expenses | $241M | $263M | $252M | $136M | |
| Operating Income | $-241M | $-263M | $-252M | $-136M | |
| Interest Expense | $2M | · | · | · | |
| Interest Income | $8M | $20M | · | · | |
| Other Non-op | $-767.0K | $-78.0K | $-170.0K | $405.0K | |
| Pretax Income | $-237M | $-244M | $-236M | $-131M | |
| Income Tax | $130.0K | $178.0K | $268.0K | · | |
| Net Income | $-237M | $-244M | $-236M | $-131M | |
| EPS (Basic) | $-1.45 | $-1.53 | $-3.63 | $-4.81 | |
| EPS (Diluted) | $-1.45 | $-1.53 | $-3.63 | $-4.81 | |
| Shares (Basic) | 163,391,000 | 159,377,000 | 65,021,000 | 27,207,000 | |
| Shares (Diluted) | 163,391,000 | 159,377,000 | 65,021,000 | 27,207,000 | |
| EBITDA | $-241M | $-263M | $-251M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $183M | $142M | $374M | $241M | |
| Short-term Investments | · | $165M | $80M | $131M | |
| Prepaid Expense | $8M | $5M | $24M | $16M | |
| Current Assets | $191M | $314M | $478M | $388M | |
| PP&E (Net) | $40.0K | $1M | $2M | $2M | |
| PP&E (Gross) | $227.0K | $3M | $3M | $3M | |
| Accum. Depreciation | $187.0K | $2M | $1M | $1M | |
| Other Non-current Assets | $53.0K | $0 | · | $3M | |
| Total Assets | $191M | $317M | $496M | $426M | |
| Accounts Payable | $3M | $3M | $337.0K | $7M | |
| Accrued Liabilities | $29M | $25M | $21M | $12M | |
| Current Liabilities | $32M | $30M | $25M | $24M | |
| Capital Leases | $193.0K | $0 | $2M | $5M | |
| Total Liabilities | $87M | $30M | $27M | $29M | |
| Long-term Debt | $55M | · | · | · | |
| Total Debt | $115M | · | · | · | |
| Common Stock | $17.0K | $16.0K | $16.0K | $3.0K | |
| Retained Earnings | $-1.18B | $-947M | $-703M | $-468M | |
| AOCI | · | $62.0K | $-76.0K | $-774.0K | |
| Stockholders' Equity | $104M | $287M | $469M | $-447M | |
| Liabilities + Equity | $191M | $317M | $496M | $426M | |
| Shares Outstanding | 174,260,000 | 161,710,000 | 158,832,000 | 32,612,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $208.0K | $631.0K | $668.0K | $594.0K | |
| Stock-based Comp | $30M | $40M | $17M | $8M | |
| Other Non-cash | $404.0K | $20M | $55M | · | |
| Operating Cash Flow | $-206M | $-183M | $-163M | $-115M | |
| CapEx | · | · | $117.0K | $511.0K | |
| Investing Cash Flow | $169M | $-71M | $64M | $-168M | |
| Stock Issued | · | · | $810.0K | · | |
| Net Stock Activity | · | · | $810.0K | · | |
| Financing Cash Flow | $77M | $22M | $232M | $116M | |
| Net Change in Cash | $39M | $-232M | $133M | $-167M | |
| Taxes Paid | $323.0K | $473.0K | · | · | |
| Free Cash Flow | · | · | $-163M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| ROA | -93.3% | -60.0% | -51.1% | · | |
| ROE | -165.2% | -80.2% | -48.1% | · | |
| ROIC | -110.5% | -91.8% | -53.8% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Current Ratio | 5.9 | 10.5 | 19.0 | · | |
| Quick Ratio | 5.6 | 10.3 | 18.1 | · | |
| Debt / Equity | 1.1 | · | · | · | |
| LT Debt / Equity | 0.5 | · | · | · | |
| Interest Coverage | -120.0 | · | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Book Value / Share | $0.60 | $1.78 | $2.95 | · | |
| Cash Flow / Share | $-1.26 | $-1.15 | $-2.51 | · | |
| Cash / Share | $1.05 | $0.88 | $2.35 | · | |
| EPS (TTM) | $-1.45 | $-1.53 | $-3.63 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Net Income TTM | $-237M | $-244M | $-236M | · | |
| Market Cap | $312M | $1.71B | $2.71B | · | |
| Enterprise Value | $244M | · | · | · | |
| P/E | -1.2 | -6.9 | -4.7 | · | |
| P/B | 3.0 | 6.0 | 5.8 | · | |
| P / Tangible Book | 3.0 | 6.0 | 5.8 | · | |
| P / Cash Flow | -1.5 | -9.4 | -16.6 | · | |
| P / FCF | · | · | -16.6 | · | |
| EV / EBITDA | -1.0 | · | · | · | |
| Earnings Yield | -81.0% | -14.4% | -21.3% | · |
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 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D Expense | $29M | $39M | $45M | $41M | $39M | $52M | $46M | $61M | $49M | $46M | $39M | $42M | $33M | $29M | $23M | |
| SG&A Expense | $13M | $14M | $14M | $12M | $15M | $19M | $17M | $16M | $15M | $14M | $11M | $15M | $9M | $10M | $8M | |
| Operating Expenses | $42M | $53M | $58M | $58M | $54M | $71M | $63M | $77M | $64M | $60M | $114M | $57M | $42M | $39M | $31M | |
| Operating Income | $-42M | $-53M | $-58M | $-58M | $-54M | $-71M | $-63M | $-77M | $-64M | $-60M | $-114M | $-57M | $-42M | $-39M | $-31M | |
| Interest Expense | $1M | $1M | · | · | $307.0K | · | · | · | · | · | · | · | · | · | · | |
| Interest Income | $935.0K | $1M | $1M | $2M | $2M | $3M | $4M | $4M | · | · | · | · | · | · | · | |
| Other Non-op | $-7.0K | $59.0K | $-269.0K | $7.0K | $-480.0K | $-25.0K | $15.0K | $-57.0K | $-24.0K | $-12.0K | $-104.0K | $-1.0K | $-39.0K | $-26.0K | $-148.0K | |
| Pretax Income | $-43M | $-53M | $-59M | $-57M | $-53M | $-68M | $-59M | $-72M | $-59M | $-54M | $-108M | $-53M | $-39M | · | · | |
| Income Tax | $0 | $30.0K | $0 | $0 | $25.0K | $105.0K | $0 | $53.0K | $125.0K | · | · | · | · | · | · | |
| Net Income | $-43M | $-53M | $-59M | $-57M | $-53M | $-68M | $-59M | $-73M | $-59M | $-54M | $-109M | $-53M | $-39M | $-36M | $-29M | |
| EPS (Basic) | $-0.23 | $-0.30 | $-0.35 | $-0.35 | $-0.33 | $-0.42 | $-0.37 | $-0.45 | $-0.37 | $-0.34 | $0.01 | $-1.14 | $-1.28 | $-1.22 | $-1.06 | |
| EPS (Diluted) | $-0.23 | $-0.30 | $-0.35 | $-0.35 | $-0.33 | $-0.42 | $-0.37 | $-0.45 | $-0.37 | $-0.34 | $0.01 | $-1.14 | $-1.28 | $-1.22 | $-1.06 | |
| Shares (Basic) | 185,163,000 | 179,872,000 | · | 161,838,000 | 161,691,000 | 161,451,000 | · | 159,576,000 | 158,984,000 | 157,943,000 | · | 46,691,000 | 30,125,000 | 29,277,000 | 27,646,000 | |
| Shares (Diluted) | 185,163,000 | 179,872,000 | · | 161,838,000 | 161,691,000 | 161,451,000 | · | 159,576,000 | 158,984,000 | 157,943,000 | · | 46,691,000 | 30,125,000 | 29,277,000 | 27,646,000 | |
| EBITDA | $-42M | $-53M | · | $-58M | $-54M | $-71M | · | $-77M | $-64M | $-60M | · | $-57M | · | · | · |
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 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $117M | $147M | $183M | $129M | $125M | $127M | $142M | $276M | $151M | $183M | $374M | $412M | · | · | · | |
| Short-term Investments | · | · | · | $42M | $93M | $122M | $165M | $66M | $221M | $240M | $80M | $97M | · | · | · | |
| Prepaid Expense | $8M | $6M | $8M | $6M | $5M | $4M | $5M | $6M | $27M | $20M | $24M | $16M | · | · | · | |
| Current Assets | $125M | $153M | $191M | $177M | $223M | $255M | $314M | $349M | $398M | $443M | $478M | $526M | · | · | · | |
| PP&E (Net) | $25.0K | $32.0K | $40.0K | $80.0K | $87.0K | $982.0K | $1M | $1M | $1M | $2M | $2M | $2M | · | · | · | |
| PP&E (Gross) | · | · | $227.0K | · | · | · | $3M | · | · | · | $3M | · | · | · | · | |
| Accum. Depreciation | · | · | $187.0K | · | · | · | $2M | · | · | · | $1M | · | · | · | · | |
| Other Non-current Assets | $53.0K | $53.0K | $53.0K | $197.0K | $298.0K | · | · | · | · | · | · | · | · | · | · | |
| Total Assets | $125M | $154M | $191M | $178M | $224M | $257M | $317M | $353M | $404M | $450M | $496M | $545M | · | · | · | |
| Accounts Payable | $4M | $5M | $3M | $549.0K | $644.0K | $1M | $3M | $6M | $1M | $1M | $337.0K | $2M | · | · | · | |
| Accrued Liabilities | $23M | $25M | $29M | $25M | $20M | $26M | $25M | $23M | $18M | $19M | $21M | $23M | · | · | · | |
| Current Liabilities | $28M | $30M | $32M | $26M | $21M | $28M | $30M | $32M | $23M | $25M | $25M | $29M | · | · | · | |
| Capital Leases | $41.0K | $119.0K | $193.0K | $267.0K | $339.0K | · | · | · | · | $938.0K | $2M | $3M | · | · | · | |
| Total Liabilities | $81M | $83M | $87M | $46M | $41M | $28M | $30M | $32M | $23M | $26M | $27M | $32M | · | · | · | |
| Long-term Debt | $53M | $53M | $55M | $20M | $19M | · | · | · | · | · | · | · | · | · | · | |
| Total Debt | $113M | $113M | · | $40M | $39M | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | $19.0K | $18.0K | $17.0K | $16.0K | $16.0K | $16.0K | $16.0K | $16.0K | $16.0K | $16.0K | $16.0K | $15.0K | · | · | · | |
| Retained Earnings | $-1.28B | $-1.24B | $-1.18B | $-1.12B | $-1.07B | $-1.02B | $-947M | $-888M | $-816M | $-757M | $-703M | $-595M | · | · | · | |
| AOCI | · | · | · | $9.0K | $-15.0K | $-3.0K | $62.0K | $105.0K | $-187.0K | $-148.0K | $-76.0K | $-311.0K | · | · | · | |
| Stockholders' Equity | $45M | $71M | $104M | $132M | $183M | $228M | $287M | $321M | $381M | $425M | $469M | $513M | · | · | · | |
| Liabilities + Equity | $125M | $154M | $191M | $178M | $224M | $257M | $317M | $353M | $404M | $450M | $496M | $545M | · | · | · | |
| Shares Outstanding | · | · | 174,260,000 | · | · | · | 161,710,000 | · | · | · | 158,832,000 | · | · | · | · |
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 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $7.0K | $8.0K | $9.0K | $23.0K | $19.0K | $157.0K | $157.0K | $156.0K | $160.0K | $158.0K | $166.0K | $173.0K | $171.0K | $158.0K | · | |
| Stock-based Comp | $7M | $7M | $7M | $6M | $7M | $9M | $10M | $10M | $13M | $7M | $6M | $6M | $3M | $2M | · | |
| Other Non-cash | · | $-359.0K | · | · | · | $-937.0K | · | · | · | $3M | · | · | · | · | · | |
| Operating Cash Flow | $-40M | $-46M | $-48M | $-47M | $-52M | $-59M | $-50M | $-33M | $-56M | $-43M | $-51M | $-48M | $-31M | $-33M | · | |
| CapEx | · | · | · | · | · | · | · | · | · | · | $44.0K | $37.0K | $0 | $36.0K | · | |
| Investing Cash Flow | $0 | $71.0K | $43M | $51M | $30M | $44M | $-99M | $157M | $21M | $-150M | $14M | $24M | $24M | $3M | · | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | $0 | · | · | · | · | |
| Financing Cash Flow | $9M | $11M | $59M | $-136.0K | $18M | $0 | $16M | $2M | $3M | $2M | $-481.0K | $232M | $292.0K | $101.0K | · | |
| Net Change in Cash | $-30M | $-35M | $53M | $5M | $-4M | $-15M | $-134M | $125M | $-32M | $-191M | $-38M | $208M | $-7M | $-30M | · | |
| Taxes Paid | $0 | $30.0K | $323.0K | $-134.0K | $134.0K | $0 | $0 | $473.0K | · | · | · | · | · | · | · |
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 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -24.7% | -26.0% | · | -21.4% | -16.8% | -19.2% | · | -16.2% | -29.0% | -23.9% | · | -19.5% | · | · | · | |
| ROE | -37.9% | -35.8% | · | -25.1% | -18.7% | -20.8% | · | -17.4% | -30.8% | -25.3% | · | -20.7% | · | · | · | |
| ROIC | -26.8% | -28.8% | · | -33.6% | -24.3% | -31.1% | · | -23.9% | -16.8% | · | · | · | · | · | · |
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 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.5 | 5.1 | · | 6.9 | 10.5 | 9.0 | · | 11.0 | 17.2 | 18.0 | · | 18.1 | · | · | · | |
| Quick Ratio | 4.2 | 4.9 | · | 6.6 | 10.3 | 8.8 | · | 10.8 | 16.1 | 17.2 | · | 17.5 | · | · | · | |
| Debt / Equity | 2.5 | 1.6 | · | 0.3 | 0.2 | · | · | · | · | · | · | · | · | · | · | |
| LT Debt / Equity | 1.2 | 0.7 | · | 0.1 | 0.1 | · | · | · | · | · | · | · | · | · | · | |
| Interest Coverage | -29.6 | -36.8 | · | · | · | · | · | · | · | · | · | · | · | · | · |
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 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow / Share | · | $-0.26 | · | · | · | $-0.37 | · | · | · | $-0.27 | · | · | · | · | · | |
| EPS (TTM) | $-1.23 | $-1.33 | · | $-1.47 | $-1.57 | $-1.61 | · | $-1.15 | $-1.84 | $-2.75 | · | $-4.62 | $-4.54 | · | · |
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 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $-213M | $-222M | · | $-236M | $-252M | $-258M | · | $-294M | $-274M | $-254M | · | $-155M | $-132M | $-123M | · | |
| P/E | -1.4 | -1.5 | · | -1.2 | -0.5 | -0.6 | · | -11.5 | -5.3 | -5.0 | · | -3.1 | · | · | · | |
| Earnings Yield | -72.4% | -68.2% | · | -80.8% | -214.2% | -161.0% | · | -8.7% | -18.7% | -20.0% | · | -32.7% | · | · | · |
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 |
|---|---|---|---|---|
| Net Income | $-237M | $-244M | $-236M | $-131M |
| Diluted EPS | $-1.45 | $-1.53 | $-3.63 | $-4.81 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Debt / Equity | 1.1 | · | · | · |
| Current Ratio | 5.9 | 10.5 | 19.0 | · |
| Quick Ratio | 5.6 | 10.3 | 18.1 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | · | · | $-163M | · |
Institutional owners (13F) 134 filers · $149.4M 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
134
Value held
$149.4M
New positions
31
Exited positions
27
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 31 (+1 vs prior Q) | 27 (+18 vs prior Q) | 42 (+6 vs prior Q) | 25 (-7 vs prior Q) | +9.9M |
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 |
|---|---|---|---|---|
| Siren, L.L.C. | $14,446,297 | 8,497,822 | 9.67% | Shares |
| BlackRock, Inc. | $13,246,178 | 7,791,869 | 8.86% | Shares |
| SOFTBANK GROUP CORP. | $10,353,512 | 6,090,301 | 6.93% | Shares |
| VANGUARD GROUP INC | $8,125,277 | 4,539,261 | 5.44% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $7,938,295 | 4,669,585 | 5.31% | Shares |
| MIC Capital Management UK LLP | $7,583,190 | 4,460,700 | 5.07% | Shares |
| TUDOR INVESTMENT CORP ET AL | $6,519,840 | 3,835,200 | 4.36% | Call option |
| FMR LLC | $5,948,077 | 3,498,869 | 3.98% | Shares |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST | $5,625,509 | 3,309,123 | 3.76% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $4,433,341 | 2,607,289 | 2.97% | Shares |
| ICONIQ Capital, LLC | $4,350,453 | 2,559,090 | 2.91% | Shares |
| TWO SIGMA INVESTMENTS, LP | $3,816,209 | 2,244,829 | 2.55% | Shares |
| ORBIMED ADVISORS LLC | $3,637,799 | 2,139,882 | 2.43% | Shares |
| Lunate Capital Ltd | $3,611,043 | 2,124,143 | 2.42% | Shares |
| Boxer Capital Management, LLC | $3,400,000 | 2,000,000 | 2.28% | Shares |
| JOHNSON & JOHNSON | $3,144,057 | 1,849,445 | 2.10% | Shares |
| STATE STREET CORP | $2,689,602 | 1,582,119 | 1.80% | Shares |
| TUDOR INVESTMENT CORP ET AL | $2,305,450 | 1,356,147 | 1.54% | Shares |
| Ikarian Capital, LLC | $2,173,294 | 1,278,408 | 1.45% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $2,145,917 | 1,262,304 | 1.44% | Shares |
| TWO SIGMA ADVISERS, LP | $1,939,286 | 1,083,400 | 1.30% | Shares |
| Affinity Asset Advisors, LLC | $1,820,107 | 1,070,651 | 1.22% | Shares |
| MARSHALL WACE, LLP | $1,537,579 | 904,458 | 1.03% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,521,145 | 894,791 | 1.02% | Shares |
| CITADEL ADVISORS LLC | $1,409,187 | 828,933 | 0.94% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,400,091 | 823,583 | 0.94% | Shares |
| NORTHERN TRUST CORP | $1,360,971 | 800,571 | 0.91% | Shares |
| Ensign Peak Advisors, Inc | $1,333,954 | 784,679 | 0.89% | Shares |
| Stonepine Capital Management, LLC | $1,250,000 | 500,000 | 0.84% | Call option |
| VANGUARD FIDUCIARY TRUST CO | $1,201,334 | 706,667 | 0.80% | Shares |
| AlphaCore Capital LLC | $1,085,933 | 638,784 | 0.73% | Shares |
| Caption Management, LLC | $1,036,150 | 609,500 | 0.69% | Put option |
| DIMENSIONAL FUND ADVISORS LP | $982,109 | 577,615 | 0.66% | Shares |
| MILLENNIUM MANAGEMENT LLC | $865,657 | 509,210 | 0.58% | Shares |
| Caption Management, LLC | $776,560 | 456,800 | 0.52% | Call option |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $689,051 | 405,324 | 0.46% | Shares |
| Callan Capital, LLC | $638,784 | 638,784 | 0.43% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $635,824 | 374,014 | 0.43% | Shares |
| Squarepoint Ops LLC | $617,347 | 363,145 | 0.41% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $569,954 | 335,267 | 0.38% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $564,910 | 332,300 | 0.38% | Put option |
| MORGAN STANLEY | $543,017 | 319,421 | 0.36% | Shares |
| Caption Management, LLC | $532,469 | 313,217 | 0.36% | Shares |
| GOLDMAN SACHS GROUP INC | $516,566 | 303,862 | 0.35% | Shares |
| Bank of New York Mellon Corp | $420,827 | 247,545 | 0.28% | Shares |
| Invesco Ltd. | $413,432 | 243,195 | 0.28% | Shares |
| Cerity Partners LLC | $407,411 | 239,653 | 0.27% | Shares |
| Susquehanna Portfolio Strategies, LLC | $404,170 | 237,747 | 0.27% | Shares |
| Velan Capital Investment Management LP | $391,000 | 230,000 | 0.26% | Shares |
| JANE STREET GROUP, LLC | $390,881 | 229,930 | 0.26% | 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 |
|---|---|---|---|---|---|
| ARCH Venture Fund VII, L.P., ARCH Venture Fund VIII Overage, L.P., ARCH Venture Fund X, L.P., ARCH Venture Fund X Overage, L.P., ARCH Venture Fund XII, L.P., ARCH Venture Partners VII, L.P., ARCH Venture Partners X, L.P., ARCH Venture Partners X Overage, L.P., ARCH Venture Partners XII, L.P., ARCH Venture Partners VII, LLC, ARCH Venture Partners VIII, LLC, ARCH Venture Partners X, LLC, ARCH Venture Partners XII, LLC, Robert Nelsen, Keith Crandell, Clinton Bybee, Kristina Burow, Steven Gillis ×5 filings | April 1, 2026 | 18.70% | Amendment | · | 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 15 insiders · 8 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Joshua Pinto | President & CEO | Aug. 20, 2026 A | 57,783 | 0 | 1 | $-21,123 |
| Henry O Gosebruch | President & CEO | Feb. 14, 2024 A | 462,345 | 0 | 0 | $0 |
| Michael Lee Milligan | Title: Chief Financial Officer & Principal Accounting Officer | Aug. 20, 2026 A | 21,034 | 0 | 1 | $-5,112 |
| Carol Y. Suh | Chief Operating Officer | Feb. 14, 2024 A | 374,674 | 0 | 0 | $0 |
| Daljit Singh Aurora | Title: Chief Operating and Development Officer | Aug. 21, 2026 M | 0 | 0 | 13 | $-1,030,807 |
| Jason Duncan | Title: Chief Legal and Administrative Officer | Aug. 20, 2026 A | · | 0 | 0 | $0 |
| Paul L Berns | Title: Executive Chair of the Board | Aug. 20, 2026 A | 7,395,185 | 0 | 1 | $-34,465 |
| Robert A. Lenz | Head of R&D | Feb. 18, 2025 S | 309,092 | 0 | 0 | $0 |
| Alaa Halawa | Director | May 27, 2026 A | 20,100 | 0 | 0 | $0 |
| Maykin Ho | Director | May 27, 2026 A | 20,100 | 0 | 0 | $0 |
| David Piacquad | Director | May 27, 2026 A | 20,100 | 0 | 0 | $0 |
| Kristina Burow | Director | May 27, 2026 A | 6,046,907 | 1 | 0 | $4,999,977 |
| Matthew K Fust | Director | May 27, 2026 A | 20,100 | 0 | 0 | $0 |
| AMGEN INC | 10% owner | Sept. 19, 2023 C | 35,368,653 | 0 | 0 | $0 |
| FMR LLC | · | Sept. 19, 2023 C | 88,289 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 16 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 | 0.09% | 5,850 SH | Sept. 11, 2026 | Daily |
| IWC · iShares Trust | 0.03% | 351,301 SH | Sept. 11, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 593,242 SH | Aug. 19, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 110,591 SH | Aug. 19, 2026 | Daily |
| IWO · iShares Trust | 0.01% | 872,018 SH | Sept. 11, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.01% | 12,693 SH | Oct. 2, 2026 | Daily |
| IBB · iShares Trust | 0.01% | 579,414 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 49,012 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.00% | 2,458,697 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.00% | 174,018 SH | Oct. 2, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.00% | 221,105 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 1,126,060 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,435,554 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 10,250 SH | Aug. 19, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 12,147 NS | July 31, 2026 | N-PORT |
| VHT · VANGUARD WORLD FUND | 0.00% | 180,708 SH | Aug. 19, 2026 | Daily |
NMRA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 15 analysts
BUY
Median target
$5.00
+900.2%
5 33.3%
Strong Buy
7 46.7%
Buy
2 13.3%
Hold
1 6.7%
Sell
0 0.0%
Strong Sell
12-Month Price Target
7 analysts · 2026-10-03Mean target $6.14 +1128.8%
← Below all targets
Current price $0.50
Low$3.00
Mean$6.14
High$14.00
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 |
|---|---|---|---|---|---|---|
| NMRA | $312M | -1.2 | · | · | -165.2% | · |
| CPIX | $60M | -20.9 | 17.6% | -6.4% | -11.9% | · |
| PLYX | · | · | · | · | -193.7% | · |
| NTRB | · | · | · | · | · | · |
| CGTX | $120M | -4.2 | · | · | -113.7% | · |
| NTHI | · | -2.6 | -51.8% | · | · | · |
| TELO | $46M | -4.0 | · | · | -325.7% | · |
| VRCA | $143M | -4.9 | 370.2% | -50.3% | -492.8% | · |
| RFL | · | -1.6 | 44.0% | -3328.2% | -34.6% | · |
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Source: SEC 10-Q filed Aug 14, 2026