Edgewise Therapeutics, Inc. EWTX

Healthcare SIC 2834 - Pharmaceutical Preparations Nasdaq

Our mission is to discover new medicines that improve the lives of people facing serious muscle disease.

At Edgewise, we appreciate the life-limiting impact of serious muscle diseases. Our science-driven culture places patients first as we start with their unmet needs and then work towards developing therapies to help address the significant challenges of serious muscle diseases. Guided by our holistic drug discovery approach to targeting the muscle as an organ, we have combined our foundational expertise in muscle biology and small molecule engineering to build our proprietary, muscle focused drug discovery platform. Our platform utilizes custom-built high throughput and translatable systems that measure integrated muscle function in whole organ extracts to identify small molecule precision medicines regulating key proteins in muscle tissue, initially focused on addressing rare neuromuscular and cardiac diseases. We have developed and characterized a library of novel sarcomere modulators exhibiting a broad range of pharmacological and pharmacokinetic (PK) properties regulating disease-related muscle biology. Based on the results of our drug discovery platform, we are advancing multiple clinical-stage programs in muscular dystrophies and severe cardiac diseases, as well as a number of preclinical programs.

Last close 43.07 2026-09-04
Market cap $4.68B 2026-06-30 share count
52-week range 13.69 - 48.40

Valuation FY2025 figures against the last close

P/S
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-1.63

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
R&D $151.4M$127.0M$90.9M$54.0M$32.2M$15.0M
SG&A $40.0M$31.9M$23.5M$17.6M$11.0M$2.2M
Total operating expenses $191.4M$158.8M$114.4M$71.7M$43.2M$17.2M
Operating income -$191.4M-$158.8M-$114.4M-$71.7M-$43.2M-$17.2M
Pre-tax income -$167.8M-$133.8M-$100.2M-$67.6M-$42.8M
Income tax $4.0K$3.0K$4.0K$0$0
Net income -$167.8K-$133.8K-$100.2K-$67.6M-$42.8M-$17.1M
EPS, basic -1.63-1.45-1.57-1.26-1.14-23.17
EPS, diluted -1.63-1.45-1.57-1.26-1.14-23.17
Shares, diluted (wtd. avg.) $102.9M$92.4M$63.7M$53.6M$37.5M$739.0K

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $61.1M$41.7M$86.1M$22.0M$15.6M$104.9M$23.7M
Total current assets $543.4M$475.5M$327.0M$357.0M$283.8M$129.6M
Property, plant and equipment $7.8M$9.5M$10.4M$8.5M$912.0K$516.0K
Total assets $552.6M$486.8M$340.0M$367.1M$285.2M$131.1M
Accounts payable $6.0M$5.6M$4.0M$6.1M$3.8M$1.6M
Total current liabilities $27.4M$23.9M$16.8M$16.6M$10.5M$4.3M
Total liabilities $30.3M$27.6M$21.2M$20.4M$10.8M$4.3M
Retained earnings -$546.4M-$378.6M-$244.8M-$144.6M-$77.0M-$34.1M
Total equity $522.3M$459.2M$318.8M$346.7M$274.4M-$33.4M-$16.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow -$143.8M-$109.0M-$91.9M-$52.6M-$33.5M-$14.6M
Depreciation and amortisation $2.1M$2.1M$1.6M$368.0K$272.0K$185.0K
Stock-based compensation $34.8M$24.7M$17.6M$10.9M$4.4M$354.0K
Capital expenditure $256.0K$1.3M$5.7M$5.5M$668.0K$203.0K
Investing cash flow -$32.8M-$184.7M$102.9M-$70.6M-$242.2M-$24.4M
Financing cash flow $196.1M$249.3M$53.2M$129.6M$186.4M$120.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-047688.

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