Saturday 17 October 2026
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Praxis Precision Medicines, Inc.
PRAX Healthcare Biotechnology
Praxis Precision Medicines, Inc.’s revenue for fiscal 2024 (year ended December 2024) was $8.6 million, up 249.5% from fiscal 2023. In the quarter to June 2026, revenue grew 1,349.1%, EPS grew 13.3% and free cash flow fell 43.5%, each against the same quarter a year earlier.
241.76
6.48
−2.61%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | 358.50 | 190.65 | 22.20 | 11.85 | 20.50 | 26.70 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | 877.35 | 914.27 | 309.00 | 78.75 | 86.93 | 317.72 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | 37 | 67 | 139 | 109 | 82 | 116 | 168 | ||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.07 | 0.00 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 2 | 9 | — | ||||
| Gross margin, % | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 100.00 | 100.00 | — | |||||
| EBT | — | — | (26) | (36) | (62) | (167) | (214) | (123) | (183) | (303) | |||||
| EBT margin, % | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (5,037.88) | (2,137.48) | 0.00 | |||||
| Net income | — | 0 | (27) | (36) | (62) | (167) | (214) | (123) | (183) | (303) | |||||
| Depreciation | — | — | 0 | 0 | 0 | 2 | 1 | 0 | (5) | (3) | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.37 | 0.48 | 0.00 | ||||
| Earnings | — | — | (306.49) | (347.98) | (117.84) | (59.07) | (69.56) | (18.69) | (10.21) | (13.48) | |||||
| Cash flow | — | — | (239.27) | (327.33) | (88.15) | (43.99) | (60.22) | (16.85) | (7.36) | (11.07) | |||||
| Capex | — | — | (0.73) | (1.01) | 0.00 | (0.37) | (0.14) | (0.01) | 0.00 | 0.00 | |||||
| Free cash flow | — | — | (240.00) | (328.33) | (88.15) | (44.36) | (60.36) | (16.86) | (7.36) | (11.07) | |||||
| Book value | — | — | (473.88) | (793.42) | 481.50 | 88.57 | 24.77 | 10.57 | 24.88 | 39.02 | |||||
| Shares, m | — | — | 0 | 0 | 1 | 3 | 3 | 7 | 18 | 23 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | — | ||||
| P/S | — | — | — | — | — | — | — | 56.32 | 161.13 | — | |||||
| P/B | — | — | — | — | — | — | — | 1.98 | 3.09 | — | |||||
| EV/Sales | — | — | — | — | — | — | — | 23.10 | 115.23 | — | |||||
| EV/FCF | — | — | — | — | — | — | — | (0.51) | (7.47) | — | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | (21) | (33) | (53) | (125) | (185) | (111) | (132) | (249) | ||||
| Capex | — | — | 0 | 0 | — | (1) | 0 | 0 | — | 0 | |||||
| Free cash flow | — | — | (21) | (34) | (53) | (126) | (185) | (111) | (132) | (249) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | 14 | 39 | 287 | 249 | 76 | 69 | 367 | 551 | ||||
| Total debt | — | — | — | 1 | 1 | 4 | 4 | — | — | — | |||||
| Net debt | — | — | (18) | (45) | (297) | (276) | (100) | (81) | (393) | (599) | |||||
| Shareholders’ equity | — | — | (41) | (81) | 287 | 251 | 76 | 70 | 445 | 878 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | (294.75) | (120.50) | (40.08) | (56.07) | (104.95) | (121.41) | (64.03) | (42.68) | ||||
| ROIC | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (236.57) | (73.12) | |||||
| ROE | — | — | 47.89 | 66.67 | (68.13) | (62.07) | (130.94) | (169.13) | (70.98) | (45.83) | |||||
Negative figures in brackets.
Fiscal years to Dec 2024 · latest quarter Dec 2024
Charts ten years each
Praxis Precision Medicines, Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ARWR Arrowhead Pharmaceuticals, Inc. | $8.3B | — (loss-making) | — (loss-making) | +171.02% (above 0%: growing) | n/m | −15.43% (below 0%: shrinking) | 100.00% | (226.03%) | Compare |
| ABVX Abivax SA Sponsored ADR | $8.1B | — (loss-making) | — | — | n/m | −48.28% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| SYRE Spyre Therapeutics, Inc. | $7.4B | — (loss-making) | — (loss-making) | −100.00% (below 0%: shrinking) | n/m | −50.07% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| IONS Ionis Pharmaceuticals, Inc. | $7.3B | — (loss-making) | — (loss-making) | −40.73% (below 0%: shrinking) | n/m | +299.29% (above 0%: growing) | 98.98% | (38.18%) | Compare |
| PRAX Praxis Precision Medicines, Inc. | $6.9B | — (loss-making) | — (loss-making) | +1,349.13% (above 0%: growing) | n/m | −43.54% (below 0%: shrinking) | 100.00% | 0.00% | |
| IOVA Iovance Biotherapeutics, Inc. | $6.7B | — (loss-making) | — (loss-making) | +65.65% (above 0%: growing) | n/m | +11.52% (above 0%: growing) | 56.10% | (52.26%) | Compare |
| BLTE Belite Bio, Inc. Sponsored ADR | $6.2B | — (loss-making) | — | — | n/m | +64.67% (above 0%: growing) | — | 0.00% | Compare |
| RYTM Rhythm Pharmaceuticals, Inc. | $6.1B | — (loss-making) | — (loss-making) | +46.91% (above 0%: growing) | n/m | +60.74% (above 0%: growing) | 87.47% | (68.14%) | Compare |
| LGND Ligand Pharmaceuticals Incorporated | $6.0B | 29.5× | 54.7× | +33.73% (above 0%: growing) | +868.00% (above 0%: growing) | +35.53% (above 0%: growing) | 94.95% | 13.49% | Compare |
| Median of peers | $7.0B | — | — | +40.32% | — | +23.53% | 87.47% | (19.09%) |
Praxis Precision Medicines, Inc. (PRAX) key facts
- Strength: Praxis Precision Medicines, Inc.’s revenue for fiscal 2024 (year ended December 2024) was $8.6 million, up 249.5% from fiscal 2023.
- Praxis Precision Medicines, Inc. (PRAX) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
- As of October 16, 2026, PRAX traded at $241.76, a market capitalization of $6.9 billion.
- Return on equity was −45.8% and debt-to-equity 0.00.
- Its Altman Z-score is 19.09 (safe zone) for fiscal 2024.