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Praxis Precision Medicines, Inc. (PRAX) 10-Year Financial Performance & Capital Metrics

PRAX • • Industrial / General
HealthcareBiotechnologyNeurology & CNS DisordersPsychiatric & CNS Disorders
AboutPraxis Precision Medicines, Inc., a clinical-stage biopharmaceutical company, develops therapies for central nervous system disorders characterized by neuronal imbalance. Its lead product candidates include PRAX-114, an extrasynaptic-preferring GABAA receptor positive allosteric modulator that is in Phase IIa clinical trial for the treatment of major depressive disorder and perimenopausal depression; and PRAX-944, a selective small molecule inhibitor of T-type calcium channels, which is in Phase IIa clinical trial for the treatment of essential tremor. The company is also developing PRAX-562, a persistent sodium current blocker that is in Phase I clinical trial to treat severe pediatric epilepsy and adult cephalgia; PRAX-222, an antisense oligonucleotide (ASO) for patients with gain-of-function (GOF) SCN2A epilepsy; and KCNT1 program for the treatment of KCNT1 GOF epilepsy. It has a cooperation and license agreement with RogCon Inc.; a license agreement with Purdue Neuroscience Company; a research collaboration, option, and license agreement with Ionis Pharmaceuticals, Inc.; and collaboration with The Florey Institute to develop three novel ASOs. The company was incorporated in 2015 and is based in Boston, Massachusetts.Show more
  • Revenue $9M +249.5%
  • EBITDA -$200M -58.7%
  • Net Income -$183M -48.3%
  • EPS (Diluted) -10.21 +45.4%
  • Gross Margin -1681.98% +51.2%
  • EBITDA Margin -2336.1% +54.6%
  • Operating Margin -2340.29% +54.7%
  • Net Margin -2137.48% +57.6%
  • ROE -70.98% +58.0%
  • ROIC -135.06% +93.7%
  • Debt/Equity 0.00 -91.4%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 98 (top 2%)

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Shares diluted 100.0% in last year
  • ✗Expensive at 12.0x book value
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM364.98%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-80.8%

EPS CAGR

10Y-
5Y-
3Y-
TTM-25.24%

ROCE

10Y Avg-107.7%
5Y Avg-94.07%
3Y Avg-123.62%
Latest-77.32%

Peer Comparison

Psychiatric & CNS Disorders
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Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+000002.45M8.55M
Revenue Growth %------2.5%
Cost of Goods Sold+1K679K00154.44M86.77M152.41M
COGS % of Revenue-----35.46%17.82%
Gross Profit+-1K-679K00-154.44M-84.32M-143.86M
Gross Margin %------34.46%-16.82%
Gross Profit Growth %--678%1%--0.45%-0.71%
Operating Expenses+22.72M35.79M61.97M167.33M60.55M42.05M56.3M
OpEx % of Revenue-----17.19%6.58%
Selling, General & Admin3.9M6.23M16.99M47.08M59.55M42.05M56.3M
SG&A % of Revenue-----17.19%6.58%
Research & Development18.82M29.56M44.98M120.26M155.04M86.77M152.41M
R&D % of Revenue-----35.46%17.82%
Other Operating Expenses0000-154.04M-86.77M-152.41M
Operating Income+-22.72M-35.79M-61.97M-167.33M-214.99M-126.37M-200.16M
Operating Margin %------51.64%-23.4%
Operating Income Growth %--0.58%-0.73%-1.7%-0.28%0.41%-0.58%
EBITDA+-22.72M-35.11M-61.92M-167.15M-214.57M-125.94M-199.81M
EBITDA Margin %------51.47%-23.36%
EBITDA Growth %--0.55%-0.76%-1.7%-0.28%0.41%-0.59%
D&A (Non-Cash Add-back)1K679K50K182K419K432K358K
EBIT-26.27M-35.6M-61.97M-167.33M-213.99M-126.37M-200.16M
Net Interest Income+-35K193K140K00017.35M
Interest Income92K193K140K00017.35M
Interest Expense127K000000
Other Income/Expense-3.68M193K140K271K957K3.1M17.35M
Pretax Income+-26.4M-35.6M-61.83M-167.06M-214.03M-123.28M-182.82M
Pretax Margin %------50.38%-21.37%
Income Tax+133K-84K-8K0000
Effective Tax Rate %1.01%1%1%1%1%1%1%
Net Income+-26.54M-35.51M-61.82M-167.06M-214.03M-123.28M-182.82M
Net Margin %------50.38%-21.37%
Net Income Growth %--0.34%-0.74%-1.7%-0.28%0.42%-0.48%
Net Income (Continuing)-26.54M-35.51M-61.82M-167.06M-214.03M-123.28M-182.82M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-306.73-348.24-103.61-58.96-69.33-18.69-10.21
EPS Growth %--0.14%0.7%0.43%-0.18%0.73%0.45%
EPS (Basic)-306.73-348.24-103.61-58.96-69.33-18.69-10.21
Diluted Shares Outstanding86.51K101.97K596.68K2.83M3.07M6.59M17.91M
Basic Shares Outstanding86.51K101.97K596.68K2.83M3.07M6.59M17.91M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+19.13M45.5M302.33M287.41M110.84M84.88M404.37M
Cash & Short-Term Investments17.95M44.81M296.61M275.91M100.49M81.3M392.57M
Cash Only17.95M44.81M296.61M138.7M61.62M81.3M215.37M
Short-Term Investments000137.21M38.87M0177.19M
Accounts Receivable0000000
Days Sales Outstanding-------
Inventory0000000
Days Inventory Outstanding-------
Other Current Assets000003.58M11.8M
Total Non-Current Assets+703K2.2M851K5.34M4.29M3.07M78.74M
Property, Plant & Equipment103K1.58M836K4.87M3.87M2.65M1.36M
Fixed Asset Turnover-----0.92x6.28x
Goodwill0000000
Intangible Assets0000000
Long-Term Investments600K0000076.96M
Other Non-Current Assets0620K15K472K416K416K416K
Total Assets+19.83M47.69M303.18M292.75M115.13M87.95M483.11M
Asset Turnover-----0.03x0.02x
Asset Growth %-1.41%5.36%-0.03%-0.61%-0.24%4.49%
Total Current Liabilities+5.14M6.82M15.72M38.43M34.34M15.75M37.55M
Accounts Payable3.39M2.67M4.09M10.78M14.67M5.82M12.53M
Days Payables Outstanding1000K1.43K--34.6824.4630
Short-Term Debt0000000
Deferred Revenue (Current)00001000K1000K0
Other Current Liabilities1.02M007.18M2.8M3.7M9.37M
Current Ratio3.72x6.67x19.23x7.48x3.23x5.39x10.77x
Quick Ratio3.72x6.67x19.23x7.48x3.23x5.39x10.77x
Cash Conversion Cycle-------
Total Non-Current Liabilities+2K763K03.5M4.68M2.53M110K
Long-Term Debt0000000
Capital Lease Obligations0763K03.5M2.5M1.37M110K
Deferred Tax Liabilities0000000
Other Non-Current Liabilities2K000000
Total Liabilities5.15M7.58M15.72M41.94M39.02M18.28M37.66M
Total Debt+01.46M763K4.31M3.5M2.5M1.37M
Net Debt-17.95M-43.36M-295.85M-134.39M-58.12M-78.81M-214M
Debt / Equity-0.04x0.00x0.02x0.05x0.04x0.00x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage-178.89x------
Total Equity+14.68M40.11M287.46M250.81M76.11M69.67M445.45M
Equity Growth %-1.73%6.17%-0.13%-0.7%-0.08%5.39%
Book Value per Share169.72393.36481.7688.6224.7710.5724.88
Total Shareholders' Equity14.68M40.11M287.46M250.81M76.11M69.67M445.45M
Common Stock1K1K4K5K5K13K14K
Retained Earnings-41.37M-81.01M-149.55M-316.62M-530.64M-653.92M-836.74M
Treasury Stock0000000
Accumulated OCI-1K00-176K-173K0654K
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-20.72M-32.79M-52.62M-124.55M-185.04M-111.14M-131.76M
Operating CF Margin %------45.42%-15.4%
Operating CF Growth %--0.58%-0.6%-1.37%-0.49%0.4%-0.19%
Net Income-26.54M-35.51M-61.82M-167.06M-214.03M-123.28M-182.82M
Depreciation & Amortization1K679K50K182K419K432K358K
Stock-Based Compensation579K05.21M22.69M28.59M24.86M41.36M
Deferred Taxes3.65M002.09M000
Other Non-Cash Items127K668K696K1.41M1.75M-121K-1.58M
Working Capital Changes1.46M1.38M3.24M16.13M-1.78M-13.03M10.92M
Change in Receivables0000000
Change in Inventory0000000
Change in Payables1.67M-837K960K7.27M3.89M-8.86M6.71M
Cash from Investing+-63K-103K0-140.52M96.89M38.95M-248.49M
Capital Expenditures-63K-103K0-1.05M-444K-50K0
CapEx % of Revenue-----0.02%-
Acquisitions-------
Investments-------
Other Investing000-139.47M97.33M00
Cash from Financing+37.8M59.76M304.42M107.59M10.46M91.87M514.32M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing0088K2.63M904K279K2.33M
Net Change in Cash-------
Free Cash Flow+-20.78M-32.89M-52.62M-125.6M-185.49M-111.19M-131.76M
FCF Margin %------45.44%-15.4%
FCF Growth %--0.58%-0.6%-1.39%-0.48%0.4%-0.19%
FCF per Share-240.25-322.53-88.19-44.38-60.36-16.86-7.36
FCF Conversion (FCF/Net Income)0.78x0.92x0.85x0.75x0.86x0.90x0.72x
Interest Paid0000000
Taxes Paid0000000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-180.73%-129.62%-37.74%-62.07%-130.94%-169.13%-70.98%
Return on Invested Capital (ROIC)----232.34%-239.92%-2140.71%-135.06%
Gross Margin------3445.81%-1681.98%
Net Margin------5037.88%-2137.48%
Debt / Equity-0.04x0.00x0.02x0.05x0.04x0.00x
Interest Coverage-178.89x------
FCF Conversion0.78x0.92x0.85x0.75x0.86x0.90x0.72x
Revenue Growth------249.53%

Revenue by Segment

202220232024
License98.5M2.4M8.6M
License Growth--97.56%258.33%
Upfront Payment--2.6M
Upfront Payment Growth---

Frequently Asked Questions

Growth & Financials

Praxis Precision Medicines, Inc. (PRAX) reported $7.5M in revenue for fiscal year 2024.

Praxis Precision Medicines, Inc. (PRAX) grew revenue by 249.5% over the past year. This is strong growth.

Praxis Precision Medicines, Inc. (PRAX) reported a net loss of $273.0M for fiscal year 2024.

Dividend & Returns

Praxis Precision Medicines, Inc. (PRAX) has a return on equity (ROE) of -71.0%. Negative ROE indicates the company is unprofitable.

Praxis Precision Medicines, Inc. (PRAX) had negative free cash flow of $228.4M in fiscal year 2024, likely due to heavy capital investments.

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