PHVS · NASDAQ · Biotechnology

Pharvaris (PHVS)

Develops oral deucrictibant formulations to treat and prevent hereditary angioedema attacks.

$35.43
vs last close−0.59 (−1.65%)
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Pharvaris N.V.PHVS
Health Care

Develops immediate-release and extended-release formulations of deucrictibant, an oral bradykinin B2-receptor antagonist, for on-demand treatment and prevention of hereditary angioedema attacks. The program's path is shaped by FDA review and clinical development.

Develops deucrictibant, an oral bradykinin B2-receptor antagonist for bradykinin-mediated angioedema. An immediate-release formulation is intended for on-demand HAE attack treatment, while an extended-release formulation is being developed for prophylaxis.

Operates as a rare-disease biopharmaceutical company concentrated on two formulations of the same molecule. The company is headquartered in Leiden, Netherlands, and its ordinary shares trade on Nasdaq.

Development has been shaped by an FDA clinical hold that was lifted in stages after a toxicology study. The immediate-release formulation now has an accepted U.S. NDA for HAE attacks, while the extended-release program remains in pivotal development.

Company facts

CEOBerndt Modig
ListedFeb 4, 2021
ExchangeNASDAQ
HeadquartersLeiden, Netherlands
CountryNetherlands
Employees129
CIK0001830487
ISINNL00150005Y4

Market cap$2.52B
EPS (ttm)−$3.10
P/E (ttm)−11.64
ROE-61.2%
P/B7.30
P/S
Dividend yieldDiv yield
Beta0.92vs XLV 0.48

Price target$62.00+72.1%Average of 14 analysts
ConsensusBuy13 of 14 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 14, 2026Cantor FitzgeraldReiterate
Rating: Target:
Rating: OverweightTarget: $65
Sep 10, 2026GuggenheimReiterate
Rating: Target: $40
Rating: BuyTarget: $44
Sep 9, 2026WedbushReiterate
Rating: Target: $27
Rating: OutperformTarget: $50
Sep 9, 2026Leerink PartnersReiterate
Rating: Target: $38
Rating: OutperformTarget: $65
Sep 9, 2026RBC CapitalReiterate
Rating: Target: $52
Rating: OutperformTarget: $62

Next report
Nov 11, 26
estimated · in 50 days
EPS estimate
−$0.82
Revenue estimate
$2.3M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Apr '25May '25Aug '25Nov '25Apr '26May '26Aug '26Nov '26
Reported−$0.66−$0.89−$0.94−$0.70−$0.85−$0.70−$0.81Pending
Estimate−$0.75−$0.80−$0.87−$0.78−$0.71−$0.82−$0.75−$0.82
Surprise+11.5%−11.2%−8.0%+10.3%−18.3%+14.8%−8.5%

RevenueReportedEstimate

Apr '25May '25Aug '25Nov '25Apr '26May '26Aug '26Nov '26
ReportedPending
Estimate$2.3M
Surprise
Estimate−$0.82
ReportedDue Nov 11, 2026
Estimate$2.3M
ReportedDue Nov 11, 2026
View details

Debt to equity0.20%
Current ratio1,194.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$47.8M−$42.5M−$53.1M−$52.1M−$42.5M−$53.5M−$45.6M−$54.8M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$43.4M−$55.1M$48.3M−$46.2M−$45.4M−$54.5M−$51.5M−$58.2M
YoY growthLoss widenedLoss widenedTurned profitLoss widenedLoss widenedLoss narrowedTurned lossLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $364.4M · Total debt $771.4K · Total assets $376.3M · Shareholders' equity $344.4M

Revenue
$0
Operating income
−$58.2M
Net income
−$54.8M

Reported in EUR, converted at the latest exchange rate

View details

No dividends on record.

Institutions≈ 92.22%64.44M ADS
130 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Other≈ 7.78%5.44M ADS
remainder

69.88M ADS as of Sep 15, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2023 annual report; nothing newer is on file here.

Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.

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
FMR LLCInstitution
9.40%6.57M ADSas of Jun 30, 2026
General Atlantic, L.P.Institution
9.37%6.55M ADSas of Jun 30, 2026
Foresite Capital Management Iv, LLCInstitution
6.84%4.78M ADSas of Jun 30, 2026
Venbio Partners LLCInstitution
6.64%4.64M ADSas of Jun 30, 2026
Viking Global Investors LPInstitution
5.23%3.65M ADSas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 17, 2026Johannes Gerardus Christiaan Petrus Schikandirector−200,000$35.00
Sep 17, 2026Peng Luofficer: President−100,000$35.00
Sep 17, 2026Robert Glassmandirector−14,493$38.56
Sep 17, 2026Elisabeth Bjorkdirector−52,500$37.89
Sep 17, 2026Anne Lesageofficer: Chief Early Development−20,000$38.27
View details

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