NMRA · NASDAQ · Biotechnology

Neumora Therapeutics (NMRA)

Develops precision medicines for brain diseases using neuroscience and data science.

$0.7300
vs last close−0.05 (−6.23%)
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Neumora Therapeutics, Inc. Common StockNMRA
Health Care

Develops clinical-stage precision-medicine programs for neuropsychiatric and neurodegenerative brain diseases. Its approach combines translational, clinical, and computational tools with neuroscience drug development.

Builds clinical-stage programs for neuropsychiatric and neurodegenerative brain diseases using translational, clinical, and computational tools. Its portfolio draws on internal research, acquired private companies, and Amgen license agreements.

Founded in 2019 and launched publicly as Neumora in 2021, it combines data science and neuroscience to generate precision-medicine insights. Its development model depends on clinical-trial outcomes; the company discontinued navacaprant after the KOASTAL program did not meet primary or key secondary endpoints.

In 2020, it assembled portions of its initial research and drug-candidate base through acquisitions. Listed on Nasdaq since 2023, it has its principal executive office in Watertown, Massachusetts.

Company facts

CEOPaul L. Berns
ListedSep 15, 2023
ExchangeNASDAQ
HeadquartersWatertown, MA
CountryUnited States
Employees96
CIK0001885522
ISINUS6409791000

Market cap$144.2M
EPS (ttm)−$1.23
P/E (ttm)−0.6329
ROE-242.3%
P/B3.24
P/S
Dividend yieldDiv yield
Beta0.84vs XLV 1.42

Price target$4.50+476.9%Average of 9 analysts
ConsensusBuy6 of 9 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 13, 2026RBC CapitalReiterate
Rating: Target: $7
Rating: OutperformTarget: $5
Jun 18, 2026Mizuho SecuritiesTarget
Target: $6
Target: $4
Feb 17, 2026William BlairUpgrade
Rating: Market Perform
Rating: Outperform
Jan 12, 2026Leerink PartnersTarget
Target:
Target: $8
Jan 5, 2026Mizuho SecuritiesTarget
Target: $20
Target: $6

Next report
Nov 5, 26
in 43 days
EPS estimate
−$0.19
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.37−$0.42−$0.33−$0.35−$0.35−$0.30−$0.23Pending
Estimate−$0.46−$0.40−$0.38−$0.34−$0.34−$0.32−$0.24−$0.19
Surprise+19.6%−5.0%+13.2%−2.9%−2.9%+6.3%+4.2%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
ReportedPending
Estimate
Surprise
Estimate−$0.19
ReportedDue Nov 5, 2026
Estimate
ReportedDue Nov 5, 2026
View details

Debt to equity0.80%
Current ratio449.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$72.5M−$58.8M−$68.0M−$52.7M−$56.8M−$59.5M−$53.5M−$43.1M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$76.6M−$62.9M−$70.9M−$54.0M−$57.7M−$58.5M−$52.9M−$42.2M
YoY growthLoss widenedLoss widenedLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $116.8M · Total debt $340.0K · Total assets $125.2M · Shareholders' equity $44.5M

Revenue
$0
Operating income
−$42.2M
Net income
−$43.1M
View details

No dividends on record.

Institutions≈ 40.84%76.73M shares
123 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders4.71%8.86M shares
7 holders · as of Aug 21, 2026
Strategic holders18.82%35.37M shares
1 holder · as of Sep 27, 2023
Other≈ 35.63%66.94M shares
remainder

187.90M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Amgen IncStrategic10 percent owner
18.82%35.37Mfiled Sep 27, 2023
Siren, L.L.C.Institution
4.52%8.50Mas of Jun 30, 2026
Paul L. Berns1Insiderdirector, officer: See Remarks
4.37%8.23Mfiled Feb 19, 2026
BlackRock, Inc.Institution
4.15%7.79Mas of Jun 30, 2026
SoftBank Group Corp.Institution
3.24%6.09Mas of Jun 30, 2026
  1. Paul L. Berns's transaction reports restate only vehicles that traded; the 2025 ownership statement (8.23M) less the 23.7K net shares sold since is used instead.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 21, 2026Daljit Singh Auroraofficer: See Remarks−41,608$1.60
Aug 20, 2026Daljit Singh Auroraofficer: See Remarks−134,452$1.51
Aug 19, 2026Daljit Singh Auroraofficer: See Remarks−61,918$1.65
Aug 18, 2026Daljit Singh Auroraofficer: See Remarks−69,149$1.59
Aug 17, 2026Daljit Singh Auroraofficer: See Remarks−146,706$1.50
View details

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Compare

CompanyPriceChange
Neumora Therapeutics$0.7300−6.23%$144.2M
Bristol-Myers Squibb$61.16−1.75%$127.16B13.79.62.6+5.7%
Eli Lilly$1,156.50−1.17%$1.10T39.328.313.8+47.7%
AbbVie$264.91−0.11%$468.77B74.817.47.3+10.2%
Median39.317.47.3+10.2%