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MNMDMind Medicine (MindMed) Inc.
$42.79$3.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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MNMD logo

Mind Medicine (MindMed) Inc.

MNMD
NASDAQ · Biotechnology
$42.79
At close - Aug 26, 4:00 PM EDT - USD
Market Cap$3.23B
P/E-20.8x
52W High$49.70
Volume7.63M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Accelerating Clinical Burn Challenges Capital Runway Sustainability

MindMed is currently in a high-stakes, pre-revenue development phase, with its valuation heavily contingent on the successful progression of the MM-120 candidate through Phase 3 clinical trials. While the company maintains a $262.5 million cash position, the r...

GrowthMixed
ProfitabilityNegative
ValuationReview
TechnicalsHealthy
Explore valuation models
MARKET ACTION

MNMD price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

3/12 Beats

EPS beat 3 of last 12 quarters

02

Valuation risk

-231% Peers

P/E is 231% below peer median

03

Market leadership

RS 94 · Leader

High momentum (Outperforming 94% of market)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Jun 5

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
MNMD+213.71%
S&P 500 (^GSPC)+12.39%
1-Year Return
MNMD+330.05%
S&P 500 (^GSPC)+15.77%
3-Year Return
MNMD+1091.92%
S&P 500 (^GSPC)+79.51%
5-Year Return
MNMD+11.00%
S&P 500 (^GSPC)+65.14%

Growth & profitability

Annual revenue & EPS trend
Revenue
-
Net income
-$184M-69.1% YoY
Free cash flow
-$132M-66.3% YoY
Operating margin
-
ROIC (TTM)-389.5%
Avg ROIC 5Y-
ROE (TTM)-64.1%
Piotroski Score3 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate3/12 (25%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026Latest
Mar 5, 2026
-$0.51-6.3%
vs -$0.48
—
vs —
Q1 2026
Feb 26, 2026
-$0.56-16.7%
vs -$0.48
—
vs —
Q4 2025
Nov 6, 2025
-$0.78-50.0%
vs -$0.52
—
vs —
Q3 2025
Jul 31, 2025
-$0.50-31.6%
vs -$0.38
—
vs —
Historical baseline: 12 quarters analyzedGAAP / Adjusted
04

Compare before deciding

Benchmark MNMD against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Mind Medicine (MindMed) Inc. (MNMD)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MNMD logoMNMDMind Medicine (MindMed) Inc.Current
$42.79$3.23B-20.77——-64.06%—
CMPS logoCMPSCOMPASS Pathways plc
$13.75$1.86B-4.46——-398.21%—
ATAI logoATAIAtai Beckley Inc.
$7.35$2.72B-2.531227.6%-14938.37%-353.02%—
CYBN logoCYBNCybin Inc.
$6.09$303.86M-13.66——-81%—
MGRX logoMGRXMangoceuticals, Inc.
$0.46$7.8M-0.22-25.96%-4791.48%-106.13%—
SILO logoSILOSilo Pharma, Inc.
$1.77$2M-0.24—-8269.53%-81.74%—

Compare MNMD vs Peers

Mind Medicine (MindMed) Inc. (MNMD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CMPS

Most directly comparable listed peer for MNMD.

Scale Benchmark

vs JAZZ

Larger-name benchmark to compare MNMD against a more recognizable public peer.

Peer Set

Compare Top 5

vs CMPS, ATAI, CYBN, MGRX

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

MNMD SEC Filings & Documents

Mind Medicine (MindMed) Inc. (MNMD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 12, 2026·SEC

Material company update

May 7, 2026·SEC

Material company update

Apr 22, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Mar 6, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Jul 31, 2025·SEC

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MNMD Frequently Asked Questions

Mind Medicine (MindMed) Inc. (MNMD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
Is MNMD profitable?

Mind Medicine (MindMed) Inc. (MNMD) reported a net loss of $237.5M for fiscal year 2025.

Dividend & Returns
What is MNMD's return on equity?

Mind Medicine (MindMed) Inc. (MNMD) has a return on equity (ROE) of -64.1%. Negative ROE indicates the company is unprofitable.

What is Mind Medicine (MindMed) Inc.'s free cash flow?

Mind Medicine (MindMed) Inc. (MNMD) had negative free cash flow of $174.3M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in MNMD back in 2015?

Total return calculator · dividends reinvested · 11+ years of data

See returns →