PRME Prime Medicine, Inc. - Common Stock
$3.16
Price · Aug 18, 2026
Fundamentals as of Aug 6, 2026
52W Range
$3–$7
11% of range
Analyst Rating
BUY
19 analysts
Price Target
$7
+125% upside
P/E (TTM)
-2.3
ROE
-221.4%
Net Profit Margin
-4342.4%
PRME Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$3.16
Market Cap
$571M
P/E (TTM)
-2.3
EPS (TTM)
$-1.35
Revenue (TTM)
$5M
Div Yield
—
ROE
-221.4%
Debt/Equity
—
52W Range
$3 – $7
PRME 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
$5M
2020-12-31
→
2025-12-31
EPS
$-1.35
2020-12-31
→
2025-12-31
Free Cash Flow
$-167M
2022-12-31
→
2025-12-31
Margins
-4342.4%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
PRME
Peer Median
P/E (TTM)
-2.3
19.6
P/S (TTM)
123.2
24.9
P/B
4.7
3.1
Price / FCF
-3.4
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
PRME
Peer Median
Operating Margin
-4498.1%
—
Net Profit Margin
-4342.4%
-298.0%
ROA
-62.8%
-56.6%
ROE
-221.4%
-70.8%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
PRME
Peer Median
Current Ratio
4.8
5.2
Quick Ratio
1.7
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
PRME
Peer Median
Revenue YoY
55.3%
—
Revenue CAGR 5Y
-2.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
PRME
Peer Median
PRME Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
19 analysts
- Strong Buy 6 31.6%
- Buy 9 47.4%
- Hold 4 21.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
10 analysts · 2026-08-18
Median
$7.50
← Below all targets
$3.16
Low
$4.25
High
$11.00
Median target
$7.50
+137.3%
Mean target
$7.12
+125.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.24 | $-0.26 | 0.02% |
| March 31, 2026 | $-0.28 | $-0.26 | -0.02% |
| Dec. 31, 2025 | $-0.26 | $-0.26 | -0.00% |
| Sept. 30, 2025 | $-0.32 | $-0.26 | -0.06% |
| June 30, 2025 | $-0.41 | $-0.37 | -0.04% |
| March 31, 2025 | $-0.40 | $-0.33 | -0.07% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| PRME | $626M | -2.6 | 55.3% | -4342.4% | -221.4% | — |
| ASMB | $539M | -61.8 | 153.5% | -8.5% | -5.5% | — |
| NVCT | $194M | -5.7 | — | — | -149.9% | — |
| MDXG | $1.00B | 21.2 | 20.0% | 11.6% | 20.5% | 82.6% |
| SPRY | $1.16B | -6.7 | -5.5% | -203.3% | -111.8% | — |
| ALT | $400M | -3.6 | 105.0% | -214861.0% | -45.6% | — |
| ARTV | — | -1.3 | -99.2% | — | — | — |
| EIKN | — | — | — | — | — | — |
| OVID | $212M | -4.0 | 1181.3% | -240.1% | -18.7% | — |
| PRLD | — | -2.2 | 73.4% | -819.6% | -137.7% | — |
| KYTX | $568M | -2.6 | — | — | -77.4% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | $5M | $3M | $0 | $0 | $0 | |
| R&D Expense | $161M | $155M | $148M | $87M | $71M | |
| SG&A Expense | $52M | $50M | $43M | $30M | $14M | |
| Operating Expenses | $213M | $205M | $205M | $117M | $84M | |
| Operating Income | $-208M | $-202M | $-205M | $-117M | $-84M | |
| Interest Income | $4M | $4M | $3M | · | · | |
| Other Non-op | $148.0K | $41.0K | $274.0K | $2M | $12.0K | |
| Income Tax | $0 | $0 | $-279.0K | $-948.0K | $-486.0K | |
| Net Income | $-201M | $-196M | $-198M | $-122M | $-165M | |
| EPS (Basic) | $-1.35 | $-1.65 | $-2.18 | $-4.19 | $-14.19 | |
| EPS (Diluted) | $-1.35 | $-1.65 | $-2.18 | $-4.19 | $-14.19 | |
| Shares (Basic) | 148,758,527 | 118,600,381 | 90,969,327 | 33,891,264 | 12,973,495 | |
| Shares (Diluted) | 148,758,527 | 118,600,381 | 90,969,327 | 33,891,264 | 12,973,495 | |
| EBITDA | $-201M | $-196M | $-200M | $-114M | · |
Balance Sheet 22
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $63M | $182M | $42M | $188M | $185M | |
| Prepaid Expense | $3M | $7M | $19M | $2M | $959.0K | |
| Other Current Assets | $674.0K | $15M | $2M | $246.0K | · | |
| Current Assets | $181M | $212M | $143M | $297M | $271M | |
| PP&E (Net) | $21M | $24M | $23M | $19M | $5M | |
| PP&E (Gross) | $41M | $38M | $30M | $22M | $6M | |
| Accum. Depreciation | $20M | $14M | $7M | $3M | $611.0K | |
| Other Non-current Assets | $1M | $0 | $779.0K | $2M | $2M | |
| Total Assets | $343M | $298M | $194M | $360M | $302M | |
| Accounts Payable | $9M | $11M | $20M | $4M | $1M | |
| Accrued Liabilities | $13M | $16M | $14M | $11M | $37M | |
| Current Liabilities | $37M | $38M | $56M | $27M | $58M | |
| Capital Leases | $108M | $37M | $4M | $17M | $3M | |
| Deferred Tax | · | · | $0 | $279.0K | $1M | |
| Total Liabilities | $222M | $144M | $61M | $44M | $62M | |
| Common Stock | $2.0K | $2.0K | $2.0K | $2.0K | $0 | |
| Paid-in Capital | $1.01B | $840M | $624M | $610M | $15M | |
| Retained Earnings | $-888M | $-687M | $-491M | $-293M | $-171M | |
| AOCI | $82.0K | $1.0K | $-15.0K | $-384.0K | $-27.0K | |
| Stockholders' Equity | $121M | $153M | $133M | $316M | $-156M | |
| Liabilities + Equity | $343M | $298M | $194M | $360M | $302M | |
| Shares Outstanding | 180,514,014 | 131,160,842 | 97,377,121 | 97,209,213 | 32,413,860 |
Cash Flow 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| D&A | $7M | $6M | $5M | $2M | $568.0K | |
| Stock-based Comp | $29M | $26M | $14M | $6M | $2M | |
| Deferred Tax | · | $0 | $-279.0K | $-964.0K | $-624.0K | |
| Other Non-cash | $2M | $41M | $14M | $-18M | · | |
| Operating Cash Flow | $-163M | $-123M | $-165M | $-132M | $-34M | |
| CapEx | $5M | $7M | $9M | $16M | $4M | |
| Investing Cash Flow | $-109M | $68M | $19M | $-47M | $-74M | |
| Stock Issued | $0 | $38M | $0 | · | · | |
| Net Stock Activity | $0 | $38M | · | · | · | |
| Financing Cash Flow | $152M | $196M | $655.0K | $181M | $269M | |
| Net Change in Cash | $-120M | $141M | $-146M | $3M | $162M | |
| Free Cash Flow | $-167M | $-130M | $-174M | $-148M | · |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Operating Margin | -4498.1% | -6787.4% | · | · | · | |
| Net Margin | -4342.4% | -6566.6% | · | · | · | |
| EBITDA Margin | -4340.0% | -6581.9% | · | · | · | |
| ROA | -62.8% | -79.7% | -71.5% | -36.8% | · | |
| ROE | -221.4% | -114.3% | -121.2% | -261.5% | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 4.8 | 5.6 | 2.5 | 11.1 | · | |
| Quick Ratio | 1.7 | 4.8 | 0.7 | 7.0 | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | · |
Growth Rates 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue YoY | 55.3% | · | · | · | · | |
| Revenue CAGR 5Y | -2.3% | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue TTM | $5M | $3M | $0 | $0 | · | |
| Net Income TTM | $-201M | $-196M | $-198M | $-122M | · | |
| Market Cap | $626M | $383M | $863M | $1.81B | · | |
| P/E | -2.6 | -1.8 | -4.1 | -4.4 | · | |
| P/S | 135.2 | 128.4 | · | · | · | |
| P/B | 5.2 | 2.5 | 6.5 | 5.7 | · | |
| P / Tangible Book | 5.2 | 2.5 | 6.5 | 5.7 | · | |
| P / Cash Flow | -3.9 | -3.1 | -5.2 | -13.7 | · | |
| P / FCF | -3.7 | -2.9 | -5.0 | -12.2 | · | |
| Earnings Yield | -38.9% | -56.5% | -24.6% | -22.6% | · |
Income Statement 14
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | · | $838.0K | $1M | $1M | $1M | $2M | $209.0K | $0 | $591.0K | $0 | $0 | $0 | $0 | |
| R&D Expense | $33M | $34M | $35M | $44M | $41M | $41M | $34M | $40M | $43M | $38M | $41M | $41M | $35M | $31M | |
| SG&A Expense | $11M | $17M | $15M | $11M | $13M | $13M | $12M | $14M | $13M | $11M | $13M | $10M | $11M | $9M | |
| Operating Expenses | $44M | $52M | $49M | $55M | $54M | $54M | $46M | $54M | $56M | $49M | $68M | $51M | $45M | $40M | |
| Operating Income | $-43M | $-51M | $-49M | $-54M | $-53M | $-52M | $-44M | $-54M | $-56M | $-48M | $-68M | $-51M | $-45M | $-40M | |
| Interest Income | $788.0K | $1M | $1M | $1M | $743.0K | $1M | $2M | $697.0K | $611.0K | $676.0K | $491.0K | $410.0K | $635.0K | · | |
| Other Non-op | $55.0K | $51.0K | $49.0K | $44.0K | $18.0K | $37.0K | $43.0K | $-83.0K | $39.0K | $42.0K | $-2M | $43.0K | $41.0K | $2M | |
| Income Tax | · | · | · | · | $0 | $0 | $0 | $0 | $-134.0K | $134.0K | $0 | $-108.0K | $31.0K | $-202.0K | |
| Net Income | $-42M | $-49M | $-46M | $-51M | $-53M | $-52M | $-42M | $-53M | $-55M | $-46M | $-66M | $-51M | $-42M | $-39M | |
| EPS (Basic) | $-0.24 | $-0.28 | $-0.22 | $-0.32 | $-0.41 | $-0.40 | $-0.31 | $-0.44 | $-0.46 | $-0.44 | $-0.72 | $-0.55 | $-0.47 | $-0.44 | |
| EPS (Diluted) | $-0.24 | $-0.28 | $-0.22 | $-0.32 | $-0.41 | $-0.40 | $-0.31 | $-0.44 | $-0.46 | $-0.44 | $-0.72 | $-0.55 | $-0.47 | $-0.44 | |
| Shares (Basic) | 177,224,892 | 177,096,225 | -271,815,064 | 160,503,183 | 129,185,918 | 130,884,490 | -224,818,933 | 119,764,270 | 119,188,866 | 104,466,178 | -180,409,701 | 91,846,835 | 90,467,298 | 89,064,895 | |
| Shares (Diluted) | 177,224,892 | 177,096,225 | -271,815,064 | 160,503,183 | 129,185,918 | 130,884,490 | -224,818,933 | 119,764,270 | 119,188,866 | 104,466,178 | -180,409,701 | 91,846,835 | 90,467,298 | 89,064,895 | |
| EBITDA | $-42M | $-49M | · | $-52M | $-52M | $-51M | · | $-53M | $-54M | $-47M | · | $-50M | $-44M | $-39M |
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 | $47M | $64M | $63M | $71M | $54M | $92M | $182M | $118M | $56M | $94M | $42M | $44M | $121M | $133M | |
| Prepaid Expense | $1M | $2M | $3M | $2M | $3M | $3M | $7M | $6M | $4M | $4M | $19M | $19M | $11M | $4M | |
| Other Current Assets | $376.0K | $421.0K | $674.0K | $16M | $16M | $17M | $15M | $10M | $4M | $3M | $2M | · | · | · | |
| Current Assets | $97M | $138M | $181M | $231M | $121M | $164M | $212M | $246M | $171M | $218M | $143M | $185M | $218M | $254M | |
| PP&E (Net) | $17M | $19M | $21M | $22M | $24M | $25M | $24M | $23M | $24M | $24M | $23M | $22M | $21M | $22M | |
| PP&E (Gross) | $41M | $41M | $41M | $41M | $41M | $40M | $38M | $35M | $34M | $33M | $30M | $28M | $26M | $25M | |
| Accum. Depreciation | $24M | $22M | $20M | $19M | $17M | $15M | $14M | $12M | $10M | $9M | $7M | $6M | $5M | $4M | |
| Other Non-current Assets | $1M | $1M | $1M | · | · | · | $0 | $0 | $0 | $779.0K | $779.0K | $2M | $2M | $2M | |
| Total Assets | $249M | $295M | $343M | $385M | $279M | $328M | $298M | $333M | $260M | $311M | $194M | $239M | $281M | $317M | |
| Accounts Payable | $6M | $12M | $9M | $9M | $6M | $10M | $11M | $5M | $5M | $10M | $20M | $14M | $5M | $5M | |
| Accrued Liabilities | $9M | $8M | $13M | $11M | $12M | $9M | $16M | $19M | $11M | $8M | $14M | $14M | · | $8M | |
| Current Liabilities | $32M | $36M | $37M | $35M | $34M | $34M | $38M | $38M | $21M | $24M | $56M | $39M | $29M | $24M | |
| Capital Leases | $104M | $106M | $108M | $110M | $112M | $114M | $37M | $37M | $36M | $37M | $4M | $6M | $12M | $14M | |
| Deferred Tax | · | · | · | · | · | · | · | · | · | $134.0K | · | $0 | $108.0K | $77.0K | |
| Total Liabilities | $209M | $218M | $222M | $223M | $218M | $221M | $144M | $143M | $63M | $68M | $61M | $45M | $41M | $38M | |
| Common Stock | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | |
| Paid-in Capital | $1.02B | $1.01B | $1.01B | $1.00B | $853M | $846M | $840M | $834M | $789M | $781M | $624M | $620M | $615M | $612M | |
| Retained Earnings | $-980M | $-937M | $-888M | $-842M | $-792M | $-739M | $-687M | $-645M | $-592M | $-537M | $-491M | $-426M | $-375M | $-333M | |
| AOCI | $-9.0K | $-1.0K | $82.0K | $33.0K | $-10.0K | $-15.0K | $1.0K | $21.0K | $-71.0K | $-95.0K | $-15.0K | $-149.0K | $-268.0K | $-205.0K | |
| Stockholders' Equity | $40M | $77M | $121M | $162M | $61M | $107M | $153M | $190M | $197M | $244M | $133M | $194M | $240M | $279M | |
| Liabilities + Equity | $249M | $295M | $343M | $385M | $279M | $328M | $298M | $333M | $260M | $311M | $194M | $239M | $281M | $317M | |
| Shares Outstanding | 180,737,548 | 180,615,514 | 180,514,014 | 180,309,471 | 134,494,438 | 131,160,842 | 131,160,842 | 131,160,842 | 120,030,813 | 120,021,274 | 97,377,121 | 97,324,301 | 97,269,915 | 97,227,809 |
Cash Flow 11
| 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 | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $1M | |
| Stock-based Comp | $5M | $5M | $5M | $13M | $6M | $6M | $6M | $7M | $8M | $5M | $4M | $4M | $4M | $2M | |
| Deferred Tax | · | · | · | · | $0 | $0 | · | $0 | $-134.0K | $134.0K | $0 | $-108.0K | $31.0K | $-202.0K | |
| Other Non-cash | · | $-88.0K | · | · | · | $-4M | · | · | · | $-29M | · | · | · | $-5M | |
| Operating Cash Flow | $-41M | $-43M | $-37M | $-35M | $-41M | $-49M | $16M | $-26M | $-45M | $-68M | $-44M | $-39M | $-41M | $-42M | |
| CapEx | $46.0K | $214.0K | $290.0K | $247.0K | $2M | $2M | $2M | $1M | $2M | $2M | $2M | $3M | $2M | $2M | |
| Investing Cash Flow | $24M | $43M | $28M | $-92M | $3M | $-48M | $48M | $50M | $7M | $-37M | $41M | $-38M | $28M | $-13M | |
| Stock Issued | · | · | $0 | · | · | · | $0 | · | · | · | $0 | · | · | · | |
| Financing Cash Flow | $361.0K | $393.0K | $562.0K | $145M | $197.0K | $6M | $1.0K | $39M | $35.0K | $157M | $194.0K | $318.0K | $75.0K | $68.0K | |
| Net Change in Cash | $-17M | $1M | $-8M | $18M | $-38M | $-91M | $64M | $63M | $-39M | $53M | $-2M | $-77M | $-13M | $-54M | |
| Free Cash Flow | · | $-43M | · | · | · | $-51M | · | · | · | $-70M | · | · | · | $-44M |
Profitability 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | -4406.0% | -4787.2% | -3603.3% | · | -25948.3% | · | -8179.5% | · | · | · | · | |
| Net Margin | · | · | · | -4129.1% | -4716.7% | -3568.8% | · | -25128.2% | · | -7743.0% | · | · | · | · | |
| EBITDA Margin | · | · | · | -4252.4% | -4620.0% | -3486.4% | · | -25202.9% | · | -7957.0% | · | · | · | · | |
| ROA | -16.0% | -15.8% | · | -14.1% | -19.5% | -16.2% | · | -18.4% | -20.5% | -14.6% | · | -22.3% | -30.2% | -24.9% | |
| ROE | -83.7% | -53.5% | · | -28.8% | -40.9% | -29.6% | · | -27.4% | -25.3% | -17.5% | · | 348.0% | -35.3% | -28.3% |
Liquidity & Solvency 2
| 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 | 3.1 | 3.8 | · | 6.6 | 3.6 | 4.8 | · | 6.5 | 8.2 | 8.9 | · | 4.7 | 7.6 | 10.6 | |
| Quick Ratio | 1.5 | 1.8 | · | 2.0 | 1.6 | 2.7 | · | 3.1 | 2.7 | 3.9 | · | 1.1 | 4.2 | 5.6 |
Efficiency 1
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | · | · | · |
Valuation (TTM) 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4M | $4M | · | $4M | $3M | $2M | · | $800.0K | $591.0K | $591.0K | · | · | · | · | |
| Net Income TTM | $-194M | $-204M | · | $-208M | $-212M | $-205M | · | $-204M | $-194M | $-178M | · | $-162M | $-140M | $-122M | |
| Market Cap | $667M | $629M | · | $999M | $332M | $261M | · | $508M | $617M | $840M | · | $928M | $1.43B | $1.20B | |
| P/E | -3.0 | -2.5 | · | -3.5 | -1.4 | -1.1 | · | -2.0 | -2.7 | -3.7 | · | -3.1 | -3.4 | -2.3 | |
| P/S | 166.6 | 157.0 | · | 249.5 | 119.6 | 115.8 | · | 634.5 | 1043.9 | 1421.6 | · | · | · | · | |
| P/B | 16.8 | 8.2 | · | 6.2 | 5.5 | 2.4 | · | 2.7 | 3.1 | 3.4 | · | 4.8 | 5.9 | 4.3 | |
| P / Tangible Book | 16.8 | 8.2 | · | 6.2 | 5.5 | 2.4 | · | 2.7 | 3.1 | 3.4 | · | 4.8 | 5.9 | 4.3 | |
| P / Cash Flow | · | -14.7 | · | · | · | -5.3 | · | · | · | -12.4 | · | · | · | -28.8 | |
| P / FCF | · | -14.6 | · | · | · | -5.1 | · | · | · | -12.0 | · | · | · | -27.5 | |
| Earnings Yield | -33.9% | -40.5% | · | -28.3% | -69.2% | -87.4% | · | -48.8% | -37.4% | -27.1% | · | -32.2% | -29.2% | -43.8% |
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 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $5M | $3M | $0 | $0 | $0 |
| Operating Margin % | -4498.1% | -6787.4% | — | — | — |
| Net Income | $-201M | $-196M | $-198M | $-122M | $-165M |
| Diluted EPS | $-1.35 | $-1.65 | $-2.18 | $-4.19 | $-14.19 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 4.8 | 5.6 | 2.5 | 11.1 | — |
| Quick Ratio | 1.7 | 4.8 | 0.7 | 7.0 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-167M | $-130M | $-174M | $-148M | — |
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Institutional owners (13F) 204 filers · $334.9M 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 |
|---|---|---|---|---|
| 31 (-3 vs prior Q) | 22 (-4 vs prior Q) | 58 (-15 vs prior Q) | 67 (+21 vs prior Q) | +12.9M |
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 |
|---|---|---|---|---|
| Alphabet Inc. | $61,115,618 | 16,562,498 | 18.25% | Shares |
| ARK Investment Management LLC | $30,806,875 | 8,348,746 | 9.20% | Shares |
| STATE STREET CORP | $27,957,137 | 7,576,460 | 8.35% | Shares |
| VANGUARD GROUP INC | $19,430,130 | 5,599,461 | 5.80% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $16,688,542 | 4,522,640 | 4.98% | Shares |
| Balyasny Asset Management L.P. | $14,645,913 | 3,969,082 | 4.37% | Shares |
| Casdin Capital, LLC | $11,686,876 | 3,167,175 | 3.49% | Shares |
| Woodline Partners LP | $11,084,406 | 3,003,904 | 3.31% | Shares |
| MWG Management Ltd. | $9,928,843 | 1,792,210 | 2.96% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $8,903,911 | 2,412,984 | 2.66% | Shares |
| Amova Asset Management Americas, Inc. | $8,857,826 | 2,407,018 | 2.64% | Shares |
| GOLDMAN SACHS GROUP INC | $8,789,071 | 2,381,862 | 2.62% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $8,586,730 | 2,326,256 | 2.56% | Shares |
| CITADEL ADVISORS LLC | $7,581,264 | 2,054,543 | 2.26% | Shares |
| ADAR1 Capital Management, LLC | $7,370,967 | 1,997,552 | 2.20% | Shares |
| MWG Caph Ltd | $6,218,969 | 1,792,210 | 1.86% | Shares |
| TWO SIGMA INVESTMENTS, LP | $5,625,446 | 1,524,511 | 1.68% | Shares |
| Redmile Group, LLC | $5,127,742 | 1,389,632 | 1.53% | Shares |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | $4,578,711 | 1,240,843 | 1.37% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,549,138 | 961,826 | 1.06% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $3,422,615 | 927,538 | 1.02% | Shares |
| BANK OF AMERICA CORP /DE/ | $3,279,447 | 888,739 | 0.98% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $2,821,496 | 764,633 | 0.84% | Shares |
| Alessandra Capital Management, LLC | $2,459,773 | 666,603 | 0.73% | Shares |
| D. E. Shaw & Co., Inc. | $2,394,589 | 648,940 | 0.71% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,392,888 | 648,479 | 0.71% | Shares |
| Point72 Asset Management, L.P. | $1,968,811 | 533,553 | 0.59% | Shares |
| MOORE CAPITAL MANAGEMENT, LP | $1,845,000 | 500,000 | 0.55% | Shares |
| CHELSEA COUNSEL CO | $1,657,032 | 449,060 | 0.49% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,635,039 | 443,100 | 0.49% | Put option |
| MILLENNIUM MANAGEMENT LLC | $1,575,988 | 427,097 | 0.47% | Shares |
| TWO SIGMA ADVISERS, LP | $1,330,745 | 383,500 | 0.40% | Shares |
| HighTower Advisors, LLC | $1,255,947 | 340,365 | 0.37% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $1,045,967 | 283,460 | 0.31% | Shares |
| BlackRock, Inc. | $932,980 | 252,840 | 0.28% | Shares |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd | $833,198 | 225,799 | 0.25% | Shares |
| MARSHALL WACE, LLP | $800,143 | 216,841 | 0.24% | Shares |
| XTX Topco Ltd | $795,963 | 215,708 | 0.24% | Shares |
| Jain Global LLC | $794,154 | 215,218 | 0.24% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $773,018 | 209,490 | 0.23% | Shares |
| Swiss National Bank | $768,627 | 208,300 | 0.23% | Shares |
| PEAK6 LLC | $767,730 | 208,057 | 0.23% | Shares |
| UBS Group AG | $762,896 | 206,747 | 0.23% | Shares |
| JANE STREET GROUP, LLC | $718,074 | 194,600 | 0.21% | Call option |
| CITIGROUP INC | $701,960 | 190,233 | 0.21% | Shares |
| Green Alpha Advisors, LLC | $682,735 | 185,023 | 0.20% | Shares |
| Keystone Financial Group | $614,425 | 166,510 | 0.18% | Shares |
| CITADEL ADVISORS LLC | $591,138 | 160,200 | 0.18% | Call option |
| Rafferty Asset Management, LLC | $536,065 | 145,275 | 0.16% | Shares |
| ALLIANCEBERNSTEIN L.P. | $523,044 | 150,300 | 0.16% | Shares |
| CITADEL ADVISORS LLC | $511,803 | 138,700 | 0.15% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $495,198 | 134,200 | 0.15% | Call option |
| ExodusPoint Capital Management, LP | $437,132 | 118,464 | 0.13% | Shares |
| Virtus Investment Advisers, LLC | $435,084 | 117,909 | 0.13% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $433,250 | 117,412 | 0.13% | Shares |
| RHUMBLINE ADVISERS | $430,810 | 116,754 | 0.13% | Shares |
| FIL Ltd | $425,110 | 115,206 | 0.13% | Shares |
| Steward Partners Investment Advisory, LLC | $399,590 | 108,290 | 0.12% | Shares |
| Palumbo Wealth Management LLC | $383,026 | 103,801 | 0.11% | Shares |
| MILESTONE ASSET MANAGEMENT, LLC | $369,129 | 100,035 | 0.11% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $366,480 | 99,317 | 0.11% | Shares |
| TD Asset Management Inc | $347,406 | 94,148 | 0.10% | Shares |
| LPL Financial LLC | $340,122 | 92,174 | 0.10% | Shares |
| BARCLAYS PLC | $324,923 | 88,055 | 0.10% | Shares |
| Squarepoint Ops LLC | $324,827 | 88,029 | 0.10% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $322,170 | 87,310 | 0.10% | Shares |
| WELLS FARGO & COMPANY/MN | $313,355 | 84,920 | 0.09% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $303,705 | 82,305 | 0.09% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $300,926 | 86,473 | 0.09% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $296,844 | 85,300 | 0.09% | Shares |
| JANE STREET GROUP, LLC | $285,606 | 77,400 | 0.09% | Put option |
| PROFUND ADVISORS LLC | $267,983 | 72,624 | 0.08% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $243,913 | 66,101 | 0.07% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $239,112 | 64,800 | 0.07% | Shares |
| Bank of New York Mellon Corp | $231,839 | 62,829 | 0.07% | Shares |
| Engineers Gate Manager LP | $218,201 | 59,133 | 0.07% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $217,787 | 59,021 | 0.07% | Shares |
| JANUS HENDERSON GROUP PLC | $211,628 | 60,900 | 0.06% | Shares |
| &PARTNERS | $210,644 | 57,460 | 0.06% | Shares |
| MetLife Investment Management, LLC | $207,348 | 56,192 | 0.06% | Shares |
| Russell Investments Group, Ltd. | $186,385 | 50,511 | 0.06% | Shares |
| AMERIPRISE FINANCIAL INC | $184,282 | 49,941 | 0.06% | Shares |
| Toroso Investments, LLC | $174,347 | 50,244 | 0.05% | Shares |
| Mutual Advisors, LLC | $166,050 | 45,000 | 0.05% | Shares |
| Vanguard Global Advisers, LLC | $163,353 | 44,269 | 0.05% | Shares |
| Quadrature Capital Ltd | $161,116 | 43,663 | 0.05% | Shares |
| IvyRock Asset Management (HK) Ltd | $154,242 | 41,800 | 0.05% | Shares |
| Corient Private Wealth LP | $143,471 | 38,881 | 0.04% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $140,174 | 40,867 | 0.04% | Shares |
| Invesco Ltd. | $136,095 | 36,882 | 0.04% | Shares |
| State of New Jersey Common Pension Fund D | $123,870 | 33,569 | 0.04% | Shares |
| Kingsview Wealth Management, LLC | $121,800 | 35,000 | 0.04% | Shares |
| CWM, LLC | $117,662 | 33,811 | 0.04% | Shares |
| Police & Firemen's Retirement System of New Jersey | $113,471 | 30,751 | 0.03% | Shares |
| OPPENHEIMER & CO INC | $109,409 | 29,650 | 0.03% | Shares |
| SEI INVESTMENTS CO | $107,685 | 29,183 | 0.03% | Shares |
| Nuveen, LLC | $107,685 | 29,183 | 0.03% | Shares |
| China Universal Asset Management Co., Ltd. | $106,069 | 28,745 | 0.03% | Shares |
| ARIZONA STATE RETIREMENT SYSTEM | $105,704 | 28,646 | 0.03% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $104,346 | 28,278 | 0.03% | Shares |
Company insiders 8 insiders · 0 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Thomas Cahill | Director | June 5, 2026 A | — | 0 | 0 | $0 |
| Wendy Chung | Director | June 5, 2026 A | — | 0 | 0 | $0 |
| Michael Aaron Kelly | Director | June 5, 2026 A | — | 0 | 0 | $0 |
| Jeffrey D Marrazzo | Director | June 5, 2026 A | — | 0 | 0 | $0 |
| David P Schenkein | Director | June 5, 2026 A | — | 0 | 0 | $0 |
| Kaye I Foster-Cheek | Director | June 5, 2026 A | — | 0 | 0 | $0 |
| Robert Nelsen | Director | June 5, 2026 A | — | 0 | 0 | $0 |
| FMR LLC | — | Oct. 24, 2022 C | 4,228,589 | 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 X, L.P., ARCH Venture Fund X Overage, L.P., ARCH Venture Fund XII, L.P., ARCH Venture Partners X, L.P., ARCH Venture Partners X Overage, L.P., ARCH Venture Partners XII, L.P., ARCH Venture Partners X, LLC, ARCH Venture Partners XII, LLC, Robert Nelsen, Keith Crandell, Kristina Burow, Steven Gillis ×3 filings | Aug. 11, 2025 | 10.40% | 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 38 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 |
|---|---|---|---|---|
| ARKG · ARK ETF Trust | 1.41% | 4,925,864 NS | April 30, 2026 | N-PORT |
| BBC · ETFis Series Trust I | 0.64% | 67,319 NS | April 30, 2026 | N-PORT |
| GNOM · Global X Funds | 0.34% | 53,111 NS | May 31, 2026 | N-PORT |
| LABU · Direxion Shares ETF Trust | 0.16% | 232,034 NS | April 30, 2026 | N-PORT |
| IDNA · iShares Trust | 0.10% | 65,480 SH | Aug. 8, 2026 | Daily |
| IWC · iShares Trust | 0.06% | 321,103 SH | Aug. 8, 2026 | Daily |
| ESSC · Strategy Shares | 0.05% | 3,471 NS | April 30, 2026 | N-PORT |
| GINN · Goldman Sachs ETF Trust | 0.05% | 27,883 NS | May 31, 2026 | N-PORT |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.04% | 9,827 SH | Aug. 8, 2026 | Daily |
| BIB · ProShares Trust | 0.03% | 6,673 NS | May 31, 2026 | N-PORT |
| IBB · iShares Trust | 0.02% | 692,453 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.02% | 88,125 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.01% | 706,219 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 43,714 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 541,023 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.01% | 312,641 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.01% | 4,835 NS | May 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.01% | 2,458,244 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.01% | 78,541 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 520,855 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 3,781 NS | May 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 0.00% | 39,527 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 3,825 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.00% | 8,326 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.00% | 122,623 NS | April 30, 2026 | N-PORT |
| IWN · iShares Trust | 0.00% | 128,911 SH | Aug. 8, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 4,528 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 96 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 89,719 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 198,720 SH | Aug. 8, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.00% | 3,143 NS | April 30, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 10,562 SH | Aug. 8, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 10,029 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 1,299,873 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,120,450 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.00% | 10,929 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 9,108 SH | Aug. 8, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 2,164 NS | April 30, 2026 | N-PORT |