ProMIS Neurosciences Inc. PMN

Healthcare SIC 2834 - Pharmaceutical Preparations Nasdaq

ProMIS has in-licensed a patented technology platform with the potential to deliver a portfolio of antibody therapies, therapeutic vaccines, and other therapies derived from antibodies for neurodegenerative diseases and other misfolded protein diseases, which may include Alzheimer's disease, multiple system atrophy, amyotrophic lateral sclerosis, frontotemporal lobar degeneration, Parkinson's disease, progressive supranuclear palsy, corticobasal degeneration (respectively, AD, MSA, ALS, FTLD, PD, PSP, CBD) and schizophrenia. A common biologic cause contributes to each of these conditions, in that certain proteins, which normally perform a needed function, when misfolded, can cause neuronal degeneration and death, contributing to morbidity and mortality. ProMIS' technology platform is an example of the advances in drug discovery enabled by computational power, in silico discovery, and/or artificial intelligence. We believe this platform provides a potential advantage by selectively targeting the toxic misfolded proteins with therapeutics.

Last close 12.60 2026-09-04
Market cap $113.0M 2026-06-30 share count
52-week range 6.27 - 27.40

Valuation FY2025 figures against the last close

P/S
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-22.61

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
R&D $33.4M$10.6M$7.9M$16.1M$4.6M
SG&A $6.8M$6.2M$6.4M$7.3M$3.7M
Total operating expenses $40.2M$16.8M$14.3M$23.4M$8.3M
Operating income -$40.2M-$16.8M-$14.3M-$23.4M-$8.3M
Pre-tax income $2.8M-$13.2M-$18.1M
Income tax $0$0$0
Net income -$39.7M$2.8M-$13.2M-$18.1M-$9.8M
EPS, basic -22.612.68-1.07-2.41-1.69
EPS, diluted -22.612.63-1.07-2.41-1.69
Shares, diluted (wtd. avg.) $1.8M$1.1M$12.3M$7.5M$5.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Cash and equivalents $6.1M$13.3M$12.6M$5.9M$16.9M$806.9K
Short-term investments $33.8K$33.1K$32.4K$31.0K$33.2K
Total current assets $9.2M$18.9M$13.6M$6.9M$17.7M
Property, plant and equipment $321$4.7K
Other intangibles $20.8K$27.6K
Total assets $9.2M$18.9M$13.6M$6.9M$17.7M
Accounts payable $2.5M$1.7M$7.8M$3.0M$409.0K
Total current liabilities $10.4M$2.2M$9.3M$6.4M$929.1K
Long-term debt $0$3.9M
Total liabilities $10.4M$2.4M$9.9M$8.3M$12.1M
Retained earnings -$130.4M-$90.7M-$93.5M-$80.3M-$62.2M
Total equity -$1.3M$16.5M$3.8M-$1.3M$5.7M-$796.7K

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Operating cash flow -$28.1M-$27.2M-$10.8M-$17.0M-$9.3M
Depreciation and amortisation $321$6.1K$40.6K
Stock-based compensation $857.6K$825.8K$271.5K$487.6K$515.6K
Capital expenditure $2.0K$6.0K
Investing cash flow -$702-$693-$1.3K-$2.0K$94.6K
Financing cash flow $20.9M$27.9M$17.7M$6.5M$25.5M

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 0001104659-26-034554.

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