NMRA Neumora Therapeutics, Inc. - Common Stock
$1.66
Price · Aug 19, 2026
Fundamentals as of Aug 14, 2026
52W Range
$1–$4
30% of range
Analyst Rating
BUY
15 analysts
Price Target
$6
+278% upside
P/E (TTM)
-1.1
ROE
-165.2%
Net Profit Margin
—
NMRA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$1.66
Market Cap
$289M
P/E (TTM)
-1.1
EPS (TTM)
$-1.45
Revenue (TTM)
—
Div Yield
—
ROE
-165.2%
Debt/Equity
1.1
52W Range
$1 – $4
NMRA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
$-1.45
2022-12-31
→
2025-12-31
Free Cash Flow
—
2023-12-31
→
2023-12-31
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
NMRA
Peer Median
P/E (TTM)
-1.1
44.2
P/B
2.8
3.5
EV / EBITDA
-0.9
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
NMRA
Peer Median
ROA
-93.3%
-39.4%
ROE
-165.2%
-64.1%
ROIC
-110.5%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
NMRA
Peer Median
Debt / Equity
1.1
—
Current Ratio
5.9
6.5
Quick Ratio
5.6
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
NMRA
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
NMRA
Peer Median
NMRA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
15 analysts
- Strong Buy 5 33.3%
- Buy 7 46.7%
- Hold 2 13.3%
- Sell 1 6.7%
- Strong Sell 0 0.0%
12-Month Price Target
8 analysts · 2026-08-16
Median
$5.00
Mean
$6.28
← Below all targets
$1.66
Low
$3.00
High
$14.00
Median target
$5.00
+201.2%
Mean target
$6.28
+278.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-0.30 | $-0.32 | 0.02% |
| Dec. 31, 2025 | $-0.35 | $-0.33 | -0.02% |
| Sept. 30, 2025 | $-0.32 | $-0.34 | 0.02% |
| June 30, 2025 | $-0.33 | $-0.38 | 0.05% |
| March 31, 2025 | $-0.42 | $-0.38 | -0.04% |
| Dec. 31, 2024 | $-0.37 | $-0.46 | 0.09% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NMRA | $312M | -1.2 | — | — | -165.2% | — |
| TTRX | $116M | -32.8 | — | — | -141.7% | — |
| FULC | $753M | -9.6 | 2752.0% | — | -26.6% | — |
| ANTX | $31M | -1.0 | — | — | -57.7% | — |
| SIGA | $438M | 19.1 | -31.8% | 24.6% | 11.4% | — |
| DERM | — | -16.4 | 10.2% | -18.5% | -44.7% | — |
| ORMP | $112M | 1.9 | -50.4% | 3202.5% | 37.0% | 0.65% |
| LLY | — | 46.8 | 44.7% | 31.7% | 101.2% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| 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 22
| 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 12
| 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 3
| 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 5
| 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 | · | · | · |
Valuation (TTM) 10
| 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 15
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D Expense | $29M | $39M | $45M | $41M | $39M | $52M | $46M | $61M | $49M | $46M | $39M | $42M | $33M | $29M | |
| SG&A Expense | $13M | $14M | $14M | $12M | $15M | $19M | $17M | $16M | $15M | $14M | $11M | $15M | $9M | $10M | |
| Operating Expenses | $42M | $53M | $58M | $58M | $54M | $71M | $63M | $77M | $64M | $60M | $114M | $57M | $42M | $39M | |
| Operating Income | $-42M | $-53M | $-58M | $-58M | $-54M | $-71M | $-63M | $-77M | $-64M | $-60M | $-114M | $-57M | $-42M | $-39M | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| Shares (Basic) | 185,163,000 | 179,872,000 | -321,589,000 | 161,838,000 | 161,691,000 | 161,451,000 | -317,126,000 | 159,576,000 | 158,984,000 | 157,943,000 | -41,072,000 | 46,691,000 | 30,125,000 | 29,277,000 | |
| Shares (Diluted) | 185,163,000 | 179,872,000 | -321,589,000 | 161,838,000 | 161,691,000 | 161,451,000 | -317,126,000 | 159,576,000 | 158,984,000 | 157,943,000 | -41,072,000 | 46,691,000 | 30,125,000 | 29,277,000 | |
| EBITDA | $-42M | $-53M | · | $-58M | $-54M | $-71M | · | $-77M | $-64M | $-60M | · | $-57M | · | · |
Balance Sheet 22
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 10
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 3
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 5
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | · | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 3
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $-206M | $-231M | · | $-250M | $-252M | $-253M | · | $-238M | $-204M | $-181M | · | $-157M | · | · | |
| P/E | -1.4 | -1.4 | · | -1.2 | -0.5 | -0.6 | · | -5.7 | -3.1 | -3.5 | · | -3.0 | · | · | |
| Earnings Yield | -71.2% | -71.8% | · | -85.2% | -214.2% | -158.0% | · | -17.4% | -31.8% | -28.9% | · | -33.3% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 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 |
Balance Sheet
| 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 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Free Cash Flow | — | — | $-163M | — |
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Institutional owners (13F) 136 filers · $139.5M 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.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 35 (+10 vs prior Q) | 26 (+17 vs prior Q) | 40 (+7 vs prior Q) | 25 (-10 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 |
|---|---|---|---|---|
| Lunate Holding RSC Ltd | $22,515,916 | 2,124,143 | 16.14% | Shares |
| Siren, L.L.C. | $14,446,297 | 8,497,822 | 10.35% | Shares |
| SOFTBANK GROUP CORP. | $10,353,512 | 6,090,301 | 7.42% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $7,938,295 | 4,669,585 | 5.69% | Shares |
| MIC Capital Management UK LLP | $7,583,190 | 4,460,700 | 5.43% | Shares |
| TUDOR INVESTMENT CORP ET AL | $6,519,840 | 3,835,200 | 4.67% | Call option |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST | $5,625,509 | 3,309,123 | 4.03% | Shares |
| ICONIQ Capital, LLC | $4,350,453 | 2,559,090 | 3.12% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $3,836,035 | 2,255,932 | 2.75% | Shares |
| TWO SIGMA INVESTMENTS, LP | $3,816,209 | 2,244,829 | 2.73% | Shares |
| ORBIMED ADVISORS LLC | $3,637,799 | 2,139,882 | 2.61% | Shares |
| Lunate Capital Ltd | $3,611,043 | 2,124,143 | 2.59% | Shares |
| Boxer Capital Management, LLC | $3,400,000 | 2,000,000 | 2.44% | Shares |
| JOHNSON & JOHNSON | $3,144,057 | 1,849,445 | 2.25% | Shares |
| STATE STREET CORP | $2,689,602 | 1,582,119 | 1.93% | Shares |
| TUDOR INVESTMENT CORP ET AL | $2,305,450 | 1,356,147 | 1.65% | Shares |
| Ikarian Capital, LLC | $2,173,294 | 1,278,408 | 1.56% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $2,145,917 | 1,262,304 | 1.54% | Shares |
| TWO SIGMA ADVISERS, LP | $1,939,286 | 1,083,400 | 1.39% | Shares |
| Affinity Asset Advisors, LLC | $1,820,107 | 1,070,651 | 1.30% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,521,145 | 894,791 | 1.09% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,400,091 | 823,583 | 1.00% | Shares |
| Ensign Peak Advisors, Inc | $1,333,954 | 784,679 | 0.96% | Shares |
| Stonepine Capital Management, LLC | $1,250,000 | 500,000 | 0.90% | Call option |
| VANGUARD FIDUCIARY TRUST CO | $1,201,334 | 706,667 | 0.86% | Shares |
| AlphaCore Capital LLC | $1,085,933 | 638,784 | 0.78% | Shares |
| Caption Management, LLC | $1,036,150 | 609,500 | 0.74% | Put option |
| VANGUARD GROUP INC | $957,709 | 535,033 | 0.69% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $871,772 | 512,807 | 0.62% | Shares |
| MILLENNIUM MANAGEMENT LLC | $865,657 | 509,210 | 0.62% | Shares |
| Caption Management, LLC | $776,560 | 456,800 | 0.56% | Call option |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $689,051 | 405,324 | 0.49% | Shares |
| Callan Capital, LLC | $638,784 | 638,784 | 0.46% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $635,824 | 374,014 | 0.46% | Shares |
| Squarepoint Ops LLC | $617,347 | 363,145 | 0.44% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $569,954 | 335,267 | 0.41% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $564,910 | 332,300 | 0.40% | Put option |
| Caption Management, LLC | $532,469 | 313,217 | 0.38% | Shares |
| BlackRock, Inc. | $484,792 | 285,172 | 0.35% | Shares |
| Susquehanna Portfolio Strategies, LLC | $404,170 | 237,747 | 0.29% | Shares |
| MARSHALL WACE, LLP | $403,294 | 237,232 | 0.29% | Shares |
| MORGAN STANLEY | $397,775 | 233,985 | 0.29% | Shares |
| Velan Capital Investment Management LP | $391,000 | 230,000 | 0.28% | Shares |
| JANE STREET GROUP, LLC | $390,881 | 229,930 | 0.28% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $382,500 | 225,000 | 0.27% | Shares |
| ADAR1 Capital Management, LLC | $357,000 | 210,000 | 0.26% | Shares |
| SIMPLEX TRADING, LLC | $339,677 | 199,810 | 0.24% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $337,280 | 198,400 | 0.24% | Shares |
| Addis & Hill, Inc | $277,757 | 163,386 | 0.20% | Shares |
| Maniro Ltd | $268,992 | 158,231 | 0.19% | Shares |
| CITADEL ADVISORS LLC | $256,020 | 150,600 | 0.18% | Call option |
| Nuveen, LLC | $232,329 | 136,664 | 0.17% | Shares |
| ALLIANCEBERNSTEIN L.P. | $214,695 | 110,100 | 0.15% | Shares |
| UBS Group AG | $193,225 | 113,662 | 0.14% | Shares |
| XTX Topco Ltd | $184,001 | 108,236 | 0.13% | Shares |
| Squadron Capital Management LLC | $170,000 | 100,000 | 0.12% | Shares |
| Meridian Wealth Management, LLC | $160,480 | 94,400 | 0.12% | Shares |
| WELLS FARGO & COMPANY/MN | $159,132 | 93,607 | 0.11% | Shares |
| GOLDMAN SACHS GROUP INC | $158,520 | 93,247 | 0.11% | Shares |
| RBF Capital, LLC | $153,000 | 90,000 | 0.11% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $152,150 | 89,500 | 0.11% | Call option |
| CITADEL ADVISORS LLC | $151,640 | 89,200 | 0.11% | Put option |
| BNP PARIBAS FINANCIAL MARKETS | $144,888 | 85,228 | 0.10% | Shares |
| RHUMBLINE ADVISERS | $131,858 | 77,566 | 0.09% | Shares |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | $130,401 | 76,706 | 0.09% | Shares |
| BANK OF AMERICA CORP /DE/ | $106,094 | 62,408 | 0.08% | Shares |
| Bank of New York Mellon Corp | $102,150 | 60,088 | 0.07% | Shares |
| Vanguard Personalized Indexing Management, LLC | $96,968 | 57,040 | 0.07% | Shares |
| BARCLAYS PLC | $86,248 | 50,734 | 0.06% | Shares |
| Graham Capital Management, L.P. | $81,464 | 47,920 | 0.06% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $80,327 | 47,251 | 0.06% | Shares |
| CITIGROUP INC | $79,188 | 46,581 | 0.06% | Shares |
| GROUP ONE TRADING LLC | $75,601 | 44,471 | 0.05% | Shares |
| AMG National Trust Bank | $73,744 | 43,379 | 0.05% | Shares |
| Invesco Ltd. | $69,566 | 40,921 | 0.05% | Shares |
| Quadrature Capital Ltd | $67,363 | 39,625 | 0.05% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $63,240 | 37,200 | 0.05% | Shares |
| FEDERATED HERMES, INC. | $59,945 | 35,262 | 0.04% | Shares |
| Point72 Asia (Singapore) Pte. Ltd. | $57,228 | 31,444 | 0.04% | Shares |
| Vanguard Global Advisers, LLC | $52,709 | 31,005 | 0.04% | Shares |
| Police & Firemen's Retirement System of New Jersey | $52,163 | 30,684 | 0.04% | Shares |
| Cubist Systematic Strategies, LLC | $50,465 | 27,728 | 0.04% | Shares |
| China Universal Asset Management Co., Ltd. | $50,130 | 29,488 | 0.04% | Shares |
| JANE STREET GROUP, LLC | $46,750 | 27,500 | 0.03% | Call option |
| SIG BROKERAGE, LP | $46,721 | 27,483 | 0.03% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $44,411 | 26,124 | 0.03% | Shares |
| Qube Research & Technologies Ltd | $42,658 | 25,093 | 0.03% | Shares |
| Legacy Private Trust Co. | $42,500 | 25,000 | 0.03% | Shares |
| Nuveen Asset Management, LLC | $41,276 | 3,894 | 0.03% | Shares |
| WOLVERINE TRADING, LLC | $39,776 | 22,600 | 0.03% | Call option |
| INTECH INVESTMENT MANAGEMENT LLC | $36,370 | 21,394 | 0.03% | Shares |
| ProShare Advisors LLC | $33,164 | 19,508 | 0.02% | Shares |
| R Squared Ltd | $28,213 | 16,596 | 0.02% | Shares |
| NORTHERN TRUST CORP | $27,219 | 16,011 | 0.02% | Shares |
| PRUDENTIAL FINANCIAL INC | $26,308 | 15,475 | 0.02% | Shares |
| HBK Sorce Advisory LLC | $26,134 | 16,232 | 0.02% | Shares |
| WINTON GROUP Ltd | $24,820 | 14,600 | 0.02% | Shares |
| WOLVERINE TRADING, LLC | $22,000 | 12,500 | 0.02% | Put option |
| VOYA INVESTMENT MANAGEMENT LLC | $21,680 | 12,753 | 0.02% | Shares |
| JANE STREET GROUP, LLC | $21,080 | 12,400 | 0.02% | Put option |
Company insiders 12 insiders · 6 officers · 6 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Paul L Berns | Title: Chief Executive Officer and Chairman of the Board | May 28, 2025 A | — | 0 | 0 | $0 |
| Michael Lee Milligan | Title: Chief Financial Officer & Principal Accounting Officer | May 28, 2025 A | — | 0 | 0 | $0 |
| Joshua Pinto | President | May 28, 2025 A | — | 0 | 0 | $0 |
| Daljit Singh Aurora | Title: Chief Operating and Development Officer | May 28, 2025 A | — | 0 | 0 | $0 |
| Jason Duncan | Title: Chief Legal and Administrative Officer | May 28, 2025 A | — | 0 | 0 | $0 |
| Robert A. Lenz | Head of R&D | Feb. 13, 2025 A | — | 0 | 0 | $0 |
| Kristina Burow | Director | Oct. 27, 2025 P | 6,046,907 | 1 | 0 | $4,999,977 |
| Alaa Halawa | Director | May 28, 2025 A | — | 0 | 0 | $0 |
| Maykin Ho | Director | May 28, 2025 A | — | 0 | 0 | $0 |
| David Piacquad | Director | May 28, 2025 A | — | 0 | 0 | $0 |
| Matthew K Fust | Director | May 28, 2025 A | — | 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
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.
ETF ownership Held by 20 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 | 0.12% | 5,850 SH | Aug. 8, 2026 | Daily |
| IWC · iShares Trust | 0.04% | 353,627 SH | Aug. 8, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.02% | 9,980 SH | Aug. 8, 2026 | Daily |
| BIB · ProShares Trust | 0.02% | 6,176 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 593,242 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 110,591 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.01% | 177,244 SH | Aug. 8, 2026 | Daily |
| IBB · iShares Trust | 0.01% | 561,775 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.01% | 850,852 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 2,453,714 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.00% | 221,105 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.00% | 415,640 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.00% | 25,189 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 5,256 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 50,919 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 12,147 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 1,126,060 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,435,554 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 10,250 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.00% | 180,708 SH | Aug. 8, 2026 | Daily |