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Atai Life Sciences N.V.

NASDAQ•ATAI
CEO: Mr. Christian Angermayer
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2021-06-18
Atai Life Sciences N.V., a clinical-stage biopharmaceutical company, develops and invests in various therapeutics to treat depression, anxiety, addiction, and other mental health disorders. Its product candidates include COMP360, a proprietary psilocybin which is in Phase 3 program; BPL-003, an intranasal formulation that is in Phase 2a and 2b clinical studies; TRD; VLS-01, an transmucosal film in Phase 1b clinical studies; and ELE-101, a serotonergic psychedelic that is in Phase 1/2a study, for the treatment of treatment resistant depression. The company also develop IBX-210, an intravenous formulation of ibogaine, and DMX-1002, an oral formulation of ibogaine indicated for the treatment of opioid use disorder; EMP-01, an oral formulation of an R-MDMA derivative being developed for the treatment of post-traumatic stress disorder; and EGX-A and EGX-B, psychedelic-like with novel, non-tryptamine structures with differentiated 5-HT receptor pharmacology. In addition, it offers RL-007, an orally bioavailable compound, which is a pro-cognitive neuromodulator for cognitive impairment associated with schizophrenia; and GRX-917, a deuterated etifoxine for the treatment of generalize anxiety disorder. Further, the company develops PCN-101, a subcutaneous formulation of R-ketamine, as a therapy for psychiatric indications initially focused on TRD; KUR-101, a formulation of deuterated mitragynine for the treatment of OUD; and RLS-01, indicated for treatment resistant depression. ATAI Life Sciences N.V. was founded in 2018 and is headquartered in Berlin, Germany with offices in New York and London.
Contact Information
Wallstrasse 16, Berlin, 10179, Germany
49-89-2153-9035
www.atai.life
Market Cap
$688.48M
P/E (TTM)
-5.2
17.2
Dividend Yield
--
52W High
$6.75
52W Low
$1.15
52W Range
45%
Rank66Top 96.8%
1.5
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 1.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2025

Financial Dashboard

Q3 2025 Data

Revenue

$749.00K+1772.50%
4-Quarter Trend

EPS

-$0.28+75.00%
4-Quarter Trend

FCF

-$28.62M+47.99%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Jumps 866% Total revenue reached $3.023M for nine months ended September 2025, up 866% from $313K in 2024, driven by Nualtis services.
Strong Cash Position Secured Cash and short-term securities total $114.6M as of September 30, 2025; sufficient funding expected into 2029 post-offerings.
Beckley Psytech Combination Closed Strategic combination with Beckley Psytech completed November 5, 2025, renaming entity to Atai Beckley N.V.
Significant Equity Offerings Raised substantial capital via February 2025 offering ($59.1M net) and June/July 2025 PIPE Financings ($74.8M net from common shares).

Risk Factors

Continued Operating Losses Expected Net loss attributable to stockholders was $(115.2M) for nine months 2025; expects losses to continue indefinitely until commercialization.
Integration Risks Post-Merger Failure to successfully integrate atai and Beckley Psytech operations may disrupt business and adversely affect future results.
Product Development Uncertainty Product candidates remain in clinical stages; success depends on uncertain clinical trials, regulatory approvals, and competition.
R&D Expenses Remain High R&D expenses constituted $37.1M YTD 2025, expected to remain the most substantial part of future operating expenses.

Outlook

BPL-003 Phase 3 Planning Anticipate guidance on BPL-003 Phase 3 program in Q1 2026, targeting Phase 3 trial initiation in Q2 2026.
Delaware Redomiciliation Expected Redomiciliation to Delaware approved, expected to finalize around year-end 2025 to improve operational flexibility.
VLS-01 Data Expected 2026 Topline data from VLS-01 Phase 2 Elumina trial expected in the second half of 2026 for TRD indication.
EMP-01 Topline Results Q1 2026 Expect topline results from EMP-01 exploratory Phase 2a study for Social Anxiety Disorder in the first quarter of 2026.

Peer Comparison

Revenue (TTM)

SNDX stock ticker logoSNDX
$172.35M
+627.8%
SYRE stock ticker logoSYRE
$90.49M
+0.0%
NUVB stock ticker logoNUVB
$62.90M
+699.0%

Gross Margin (Latest Quarter)

SNDX stock ticker logoSNDX
102.3%
-13.9pp
DNTH stock ticker logoDNTH
100.0%
+0.0pp
NKTR stock ticker logoNKTR
100.0%
+18.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
DNTH$2.86B0.00.0%0.3%
SYRE$2.65B-98.0-29.4%0.0%
WVE$2.35B-10.9-85.0%2.8%

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:May 12, 2026
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