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Praxis Precision Medicines, Inc.

NASDAQ•PRAX
CEO: Mr. Marcio Silva De'Souza M.B.A.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2020-10-16
Praxis Precision Medicines, Inc., a clinical-stage biopharmaceutical company, engages in the development of therapies for central nervous system disorders characterized by neuronal excitation-inhibition imbalance. It is developing ulixacaltamide, a small molecule inhibitor of T-type calcium channels that is in Phase III clinical trial for the treatment of essential tremor; PRAX-562 for the treatment of pediatric patients with developmental and epileptic encephalopathies (DEE); and PRAX-628 to treat focal epilepsy. The company also develops PRAX-222 for the treatment of pediatric patients with early-onset SCN2A-DEE; PRAX-020 to treat KCNT1 related epilepsies; PRAX-080 for the treatment of PCDH19; and PRAX-090 and PRAX-100 for SYNGAP1 and SCN2A-LoF. It has a license agreement with RogCon Inc.; a research collaboration and license agreement with Ionis Pharmaceuticals, Inc.; a strategic collaboration and license agreement with UCB Biopharma SRL; and collaboration with The Florey Institute to develop three novel ASOs. The company was incorporated in 2015 and is based in Boston, Massachusetts.
Contact Information
99 High Street, 30th Floor, Boston, MA, 02110, United States
617-300-8460
praxismedicines.com
Market Cap
$6.55B
P/E (TTM)
-23.0
17.5
Dividend Yield
--
52W High
$356.00
52W Low
$26.70
52W Range
86%
Rank58Top 85.6%
2.3
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Weak • 2.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2025

Financial Dashboard

Q4 2025 Data

Revenue

$0.00+0.00%
4-Quarter Trend

EPS

-$3.52+0.00%
4-Quarter Trend

FCF

-$77.26M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Clinical Milestones Achieved Positive topline results announced for ulixacaltamide Phase 3 Essential3 ET program in Q4 2025; NDA submitted.
Relutrigine NDA Submission EMBOLD study showed positive results for relutrigine in DEEs; NDA submitted, commercial prep underway.
Strong Cash Position Cash, equivalents, and securities totaled $926.1M as of December 31, 2025, funding operations into 2028.
Vormatrigine Phase 2 Success RADIANT Phase 2 study showed positive PK, safety, and efficacy results for vormatrigine in H2 2025.

Risk Factors

Increased Operating Losses Net loss widened to $(303.3M) in 2025 from $(182.8M) in 2024; incurred $249.1M cash burn.
High R&D Expense Growth R&D expenses increased $114.7M to $267.1M in 2025, driven by clinical trial acceleration across platforms.
Need for Future Capital Expect substantial operating expenses to continue; may need additional capital sooner than anticipated.
Regulatory Approval Uncertainty Development subject to lengthy, unpredictable FDA processes; approval for candidates not guaranteed despite positive data.

Outlook

Elsunersen Data Expected Expect topline results for elsunersen EMBRAVE Part A study in H1 2026; EMBRAVE3 Phase 3 results expected 2027.
Vormatrigine Registrational Trials POWER1 topline results expected Q2 2026; POWER2 completion expected H2 2026; plan NDA submission in 2027.
Pipeline Advancement Focus Anticipate nominating development candidates for PRAX-080, PRAX-090, and PRAX-100 in H1 2026.
Commercialization Preparation Plan to expand workforce, focusing on building sales, marketing, and distribution infrastructure for potential launches.

Peer Comparison

Revenue (TTM)

ACAD stock ticker logoACAD
$1.07B
+11.9%
LGND stock ticker logoLGND
$268.09M
+60.4%
SLNO stock ticker logoSLNO
$190.41M
+0.0%

Gross Margin (Latest Quarter)

KYMR stock ticker logoKYMR
2763.6%
-2680.7pp
LGND stock ticker logoLGND
143.6%
+2.6pp
CRNX stock ticker logoCRNX
111.8%
+0.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
KYMR$6.91B-22.9-29.1%4.7%
PRAX$6.55B-23.0-58.7%0.0%
IMVT$5.23B-10.1-65.8%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
N/M
Revenue Volatile
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Deep Research

Next earnings:Apr 30, 2026
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Reports
News
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LTM
No Data