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GRI · NASDAQ · Biotechnology

GRI Bio (GRI)

Develops NKT-cell therapies for pulmonary fibrosis and autoimmune disease.

$2.08
vs last close+0.03 (+1.50%)
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GRI Bio, Inc.GRI
Health Care

Develops GRI-0621 for idiopathic pulmonary fibrosis and GRI-0803 for autoimmune disease by regulating distinct NKT-cell populations. The pre-revenue company retains worldwide rights and expects successful development to support commercialization, licensing, or collaboration economics.

Develops GRI-0621, an oral candidate that inhibits iNKT-cell activity, for idiopathic pulmonary fibrosis, and GRI-0803, an oral activator of dNKT cells, for autoimmune disease, initially systemic lupus erythematosus and lupus nephritis. The former has completed an early clinical trial; the latter remains in IND-enabling development. The company retains worldwide rights and expects future commercialization, licensing, or collaboration economics if its programs succeed.

Operates from La Jolla with a focused internal team while relying on consultants, contract research organizations, contract manufacturers, investigators, and suppliers. Its near-term effort is concentrated on GRI-0621, whose further development requires FDA clearance and substantial capital or a strategic partner; it has no approved product, commercial infrastructure, or significant operating revenue.

Company facts

CEOW. Marc Hertz, Ph.D.
ListedApr 24, 2023
ExchangeNASDAQ
HeadquartersLa Jolla, CA
CountryUnited States
Employees4
CIK0001824293
ISINUS3622AW5029

Market cap$184.2K
EPS (ttm)
P/E (ttm)
ROE
P/B0.0179
P/S
Dividend yieldDiv yield
Beta0.90vs XLV 0.78

No analyst consensus on record.

Next report
Nov 13, 26
estimated · in 51 days
EPS estimate
−$0.84
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

May '25Aug '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$162.40−$162.40−$36.69−$35.85−$13.25−$1.61−$0.91Pending
Estimate−$105.98−$1.31−$36.69−$29.26−$29.27−$0.91−$1.19−$0.84
Surprise−53.2%−12,296.9%0.0%−22.5%+54.7%−76.9%+23.5%

RevenueReportedEstimate

May '25Aug '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
ReportedPending
Estimate
Surprise
Estimate−$0.84
ReportedDue Nov 13, 2026
Estimate
ReportedDue Nov 13, 2026
View details

Debt to equity0.40%
Current ratio1,030.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$2.1M−$1.9M−$3.0M−$2.9M−$3.4M−$2.7M−$2.0M−$1.6M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$2.1M−$2.0M−$3.1M−$2.9M−$3.4M−$2.7M−$2.0M−$1.6M
YoY growthLoss narrowedLoss narrowedLoss widenedLoss widenedLoss widenedLoss widenedLoss narrowedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $10.9M · Total debt $44.0K · Total assets $11.4M · Shareholders' equity $10.3M

Revenue
$0
Operating income
−$1.6M
Net income
−$1.6M
View details

No dividends on record.

Institutions104.17%93.6K shares
11 holders · as of Jun 30, 2026
Adds to104.17%

89.8K company shares as of Sep 2, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Two share counts disagree (2.19M in the company's Sep 23, 2026 report, 89.8K elsewhere); stakes use the report.

These groups come from separate filings that can overlap, so they add to 104.17%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
HRT Financial LPInstitution
32.04%28,784as of Jun 30, 2026
Vanguard Capital Management LLCInstitution
23.79%21,368as of Jun 30, 2026
Geode Capital Management, LLCInstitution
15.44%13,869as of Jun 30, 2026
Citadel Advisors LLCInstitution
14.89%13,376as of Jun 30, 2026
Morgan StanleyInstitution
9.73%8,737as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Avalyn Pharma

    IPF challenge from inhaled nintedanib and combination regimens.

  • Contineum Therapeutics

    Head-to-head oral small-molecule development in idiopathic pulmonary fibrosis.

  • GSK (ADR)

    Marketed SLE and lupus-nephritis biologic with global commercial reach.

  • Aurinia Pharmaceuticals

    Approved oral lupus-nephritis therapy establishes a high clinical bar.

Compare

CompanyPriceChange
GRI Bio$2.08+1.50%$184.2K
Avalyn Pharma$29.67−8.57%$1.44B
Contineum Therapeutics$12.72−5.05%$504.1M
GSK (ADR)$49.74−1.93%$101.62B16.19.22.3+5.3%
Aurinia Pharmaceuticals$16.36−1.89%$2.14B7.321.26.9+18.9%
Median11.715.24.6+12.1%