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IGC · AMEX · Biotechnology

IGC Pharma (IGC)

Develops an investigational oral THC-and-melatonin therapy for Alzheimer’s-dementia agitation.

$0.2827
vs last close+0.01 (+3.18%)
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IGC Pharma, Inc.IGC
Health Care

Develops an investigational oral THC-and-melatonin therapy for agitation associated with Alzheimer’s dementia, alongside preclinical compounds and AI/data platforms. The small commercial stream comes from white-label and wellness products, while drug commercialization depends on trial results, regulatory approval, and third-party manufacturing.

Develops IGC-AD1, an investigational oral THC-and-melatonin solution for agitation associated with Alzheimer’s dementia, while advancing preclinical TGR-63 and IGC-M3 and building the MINT-AD and AHA data platforms. The commercial stream consists of white-label services and wellness and lifestyle products rather than pharmaceutical sales, and the company reports a single Life Sciences segment.

Operates from Potomac, Maryland, with activities across the United States, Canada, Colombia, and India, combining internal clinical operations and data management with external sites, CROs, vendors, and regulatory consultants. It has no approved drug or in-house manufacturing following the Vancouver asset sale; any approved-product commercialization would require third-party manufacturing or strategic partners. IGC-AD1 and its regulatory path are the central near-term dependencies.

Company facts

CEORam Mukunda
ListedApr 13, 2006
ExchangeAMEX
HeadquartersPotomac, MD
CountryUnited States
Employees70
CIK0001326205
ISINUS45408X3089

Market cap$27.4M
EPS (ttm)−$0.0823
P/E (ttm)−3.33
ROE-113.6%
P/B4.47
P/S24.42
Dividend yieldDiv yield
Beta1.20vs XLV 0.11

No analyst consensus on record.

Next report
Nov 13, 26
estimated · in 52 days
EPS estimate
−$0.02
Revenue estimate
$164.0K
Fiscal quarter
Q2 FY27

EPSReportedEstimate

Feb '25Jun '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.02−$0.02−$0.02−$0.02−$0.02−$0.02−$0.03Pending
Estimate−$0.03−$0.02−$0.03−$0.02−$0.02−$0.02−$0.02−$0.02
Surprise+33.3%0.0%+20.0%0.0%0.0%0.0%−50.0%

RevenueReportedEstimate

Feb '25Jun '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$257.0K$260.0K$328.0K$191.0K$246.5K$317.0K$265.0KPending
Estimate$204.0K$305.0K$326.0K$383.0K$250.0K$198.0K$164.0K$164.0K
Surprise+26.0%−14.8%+0.6%−50.1%−1.4%+60.1%+61.6%
Estimate−$0.02
ReportedDue Nov 13, 2026
Estimate$164.0K
ReportedDue Nov 13, 2026
View details

Debt to equity17.60%
Current ratio39.30%

ProfitabilityRevenueNet incomeNet margin

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue$412.0K$257.0K$330.0K$328.0K$191.0K$350.0K$317.0K$265.0K
Net income−$1.7M−$1.8M−$1.2M−$1.6M−$1.8M−$726.0K−$2.4M−$2.9M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Operating income−$1.8M−$1.9M−$1.4M−$1.9M−$2.9M−$2.9M−$2.5M−$2.8M
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss widenedLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $354.0K · Total debt $1.1M · Total assets $9.5M · Shareholders' equity $6.1M

Revenue
$265.0K
Operating income
−$2.8M
Net income
−$2.9M
View details

No dividends on record.

Institutions5.02%5.19M shares
37 holders · as of Jun 30, 2026
Other94.98%98.19M shares
remainder

103.38M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Geode Capital Management, LLCInstitution
0.85%879,394as of Jun 30, 2026
Vanguard Capital Management LLCInstitution
0.79%814,914as of Jun 30, 2026
BlackRock, Inc.Institution
0.68%703,798as of Jun 30, 2026
Advisorshares Investments LLCInstitution
0.66%678,480as of Jun 30, 2026
Citadel Advisors LLCInstitution
0.42%437,317as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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