Prime Medicine, Inc. PRME

Healthcare SIC 2836 - Biological Products, (No Diagnostic Substances) Nasdaq

We are a biotechnology company focused on developing a new class of genetic medicines designed to provide durable, and potentially curative, treatment options for patients with diseases driven by defined genetic alterations, acquired cellular dysfunction, or dysregulated gene expression. Our approach is grounded in Prime Editing, a next-generation gene editing technology that enables targeted modifications to genomic DNA without introducing double-stranded breaks. We believe Prime Editing represents the most versatile and precise method for rewriting, replacing, or repairing DNA sequences and may allow us to address a broad spectrum of diseases with an improved safety and specificity profile relative to earlier editing technologies. We are advancing a pipeline of wholly owned in vivo programs targeting diseases of the liver, Cystic Fibrosis, or CF, programs with the support of the Cystic Fibrosis Foundation, or CFF, and partnered ex vivo programs with Bristol-Myers Squibb, or BMS, supported by our modular delivery and Prime Editor platform. Early clinical data from our ex vivo program, PM359 for CGD, have demonstrated restoration of functional protein activity in treated patients, providing clinical validation of Prime Editing and a potentially curative treatment for CGD patients.

Last close 3.70 2026-09-04
Market cap $671.1M 2026-06-30 share count
52-week range 2.67 - 6.94

Valuation FY2025 figures against the last close

P/S144.9x
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-1.35

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $4.6M$3.0M$0$0$0$5.2M
R&D $160.6M$155.3M$147.9M$86.7M$70.5M$3.0M
SG&A $52.3M$50.2M$43.4M$29.8M$13.9M$3.2M
Total operating expenses $213.0M$205.4M$204.8M$116.5M$84.5M$6.1M
Operating income -$208.3M-$202.5M-$204.8M-$116.5M-$84.5M-$932.0K
Pre-tax income -$201.1M-$195.9M-$197.9M-$120.9M-$164.9M-$1.5M
Income tax $0$0$279.0K$948.0K$486.0K$1.9M
Net income -$201.1M-$195.9M-$198.1M-$121.8M-$165.4M-$3.4M
EPS, basic -1.35-1.65-2.18-4.19-14.19-1.91
EPS, diluted -1.35-1.65-2.18-4.19-14.19-1.91
Shares, diluted (wtd. avg.) $148.8M$118.6M$91.0M$33.9M$13.0M$2.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $63.0M$182.5M$55.1M$201.1M$198.5M$37.0M$8.6M
Short-term investments $98.5M$68.2M
Total current assets $181.3M$211.9M$143.0M$296.6M$270.6M
Property, plant and equipment $20.6M$24.4M$22.7M$19.0M$4.9M
Total assets $342.7M$297.5M$193.9M$360.3M$301.9M
Accounts payable $8.9M$11.4M$19.5M$4.3M$1.4M
Total current liabilities $37.4M$38.0M$56.4M$26.7M$58.0M
Total liabilities $221.9M$144.4M$60.8M$44.0M$62.3M
Retained earnings -$888.4M-$687.2M-$491.3M-$293.2M-$171.4M
Total equity $120.9M$153.1M$133.1M$316.3M-$156.2M$2.3M-$2.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow -$162.6M-$122.9M-$165.4M-$131.8M-$34.1M-$5.5M
Depreciation and amortisation $7.3M$6.1M$4.7M$2.2M$568.0K$43.0K
Stock-based compensation $29.3M$26.1M$13.9M$6.5M$1.7M$391.0K
Capital expenditure $4.5M$7.3M$8.7M$16.1M$4.2M$639.0K
Investing cash flow -$108.8M$68.5M$18.7M-$47.1M-$73.6M-$1.1M
Financing cash flow $151.5M$195.9M$655.0K$181.5M$269.3M$34.9M

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 0001628280-26-013569.

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