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Bright Minds Biosciences Inc

Company price
22.88 USD -3.32 ( 12.67%)
Last update at 2026-11-03T18:00:00Z
VOLUME
422316
Market Cap
888.58M

Momentum Score

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Bright Minds Biosciences Inc., a biotechnology company, develops therapeutics to improve the lives of patients with severe and life-altering diseases in the United States. Its portfolio includes 5-HT2 Receptors, which are serotonin agonists for epilepsy and neuropsychiatric disorders; and BMB-101, which has completed phase 1 trial for undisclosed seizure disorder and is in phase 2 clinical trials for the developmental and epileptic encephalopathies and absence epilepsies. The company also develops BMB-201 and BMB-202 for the treatment of neuropsychiatric and neurology indications; and BMB-105, a 5-HT2C agonist to treat Prader Willi Syndrome. Bright Minds Biosciences Inc. has a collaboration with Firefly Neuroscience, Inc. to provide an analysis of the electroencephalogram (EEG) data in the Company's BREAKTHROUGH study. The company was founded in 2017 and is headquartered in New York, New York.

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Day Price Range
21.75
Low
26.69
High
52 Week Price Range
23.18
Low
123.75
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Bright Minds Biosciences is a clinical-stage biopharmaceutical company focused on developing treatments for neuropsychiatric and neurological disorders using medicinal chemistry techniques, including deuteration, to optimize known small molecules. Long-term growth drivers include progression of clinical programs, potential licensing or partnership opportunities and addressing unmet needs in central nervous system therapies. Investors may find the company attractive for upside linked to clinical milestones and a platform that may benefit pharmacokinetic or safety profiles.
Key investment risks include high clinical and regulatory risk, no product revenue requiring additional financing, and competitive and execution risks typical of small, early-stage biotech companies.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
26.20
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
0.00
ROE
-26.98%
Net Debt
-82.78M
ROCE
-16.98%
Diluted EPS TTM
-2.01

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Income before tax -12.23M -2.80M -7.37M -14.96M -8.65M
Net income -12.23M -2.80M -7.37M -15.19M -8.52M
Selling general administrative 2.14M 1.40M 2.08M 2.00M 1.44M
Selling and marketing expenses 0.43M 0.04M 0.12M 0.55M 0.85M
Gross profit -0.08M - -0.07M - -
Reconciled depreciation 0.08M 0.07M 0.07M 0.01M -
Ebit -13.94M -2.82M -7.39M -14.74M -8.62M
Ebitda -13.86M -2.75M -7.31M -14.74M -8.76M
Depreciation and amortization 0.08M 0.07M 0.07M 0.01M -
Operating income -13.94M -2.82M -7.39M -14.74M -8.76M
Other operating expenses 13.94M 2.82M 7.39M 14.73M 8.60M
Interest expense 0.03M - 0.02M 0.22M 0.00M
Interest income 1.52M 0.03M 0.00M - -
Net interest income 1.52M 0.03M 0.00M 0.00M -0.02M
Income tax expense - - -0.01M 0.22M -0.14M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 13.94M 2.82M 7.39M 14.73M 8.60M
Cost of revenue 0.06M - 0.07M - -
Total other income expense net 1.71M 0.02M 0.01M -0.22M 0.11M
Net income from continuing ops -12.23M -2.80M -7.37M -14.96M -8.65M
Net income applicable to common shares - - - -14.96M -8.65M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Total assets 84.42M 6.10M 6.88M 12.09M 20.04M
Intangible assets - - - - 2000.00M
Other current assets 0.99M 0.22M 0.03M 0.16M 0.17M
Total liab 2.38M 0.57M 0.28M 1.54M 0.64M
Total stockholder equity 82.04M 5.54M 6.60M 10.54M 19.40M
Other current liab 0.54M 0.04M 0.03M 0.16M 0.04M
Common stock 123.25M 35.42M 33.91M 32.24M 27.08M
Capital stock 123.25M 35.42M 33.91M 32.24M 27.08M
Retained earnings -46.58M -34.35M -31.55M -24.17M -9.21M
Good will - - - - -2000.00M
Other assets - - 0.00M - -
Cash 82.91M 5.72M 6.75M 11.63M 19.76M
Total current liabilities 2.34M 0.53M 0.28M 1.47M 0.64M
Net debt -82.78M -5.60M -6.67M -11.49M -19.76M
Short term debt 0.08M 0.08M 0.07M 0.07M -
Short long term debt total 0.13M 0.12M 0.07M 0.14M -
Other stockholder equity - 0.46M 0.83M 10542512.00M -0.03M
Property plant equipment - - - 0.14M -
Total current assets 84.31M 5.99M 6.81M 11.95M 20.04M
Net tangible assets - - - 10.54M 19.40M
Short term investments 0.06M - 0.09M - -
Net receivables 0.41M 0.05M 0.04M 0.16M 0.11M
Accounts payable 1.71M 0.41M 0.18M 1.25M 0.60M
Accumulated other comprehensive income 5.37M 4.01M 3.40M 2.48M 1.57M
Non currrent assets other 0.03M - 0.00M - 0.00M
Non current assets total 0.11M 0.12M 0.07M 0.14M 0.00M
Capital lease obligations 0.13M 0.12M 0.07M 0.14M -
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Change to liabilities - - - 0.77M 0.51M
Net borrowings -0.10M -0.09M -0.09M -0.01M -0.01M
Total cash from financing activities 85.57M 0.81M 2.19M 5.20M 26.06M
Change to operating activities - - - -0.04M -0.20M
Net income -12.23M -2.80M -7.37M -14.96M -8.65M
Change in cash 77.19M -1.03M -4.88M -8.13M 18.96M
Begin period cash flow 5.72M 6.75M 11.63M 19.76M 0.80M
End period cash flow 82.91M 5.72M 6.75M 11.63M 19.76M
Total cash from operating activities -8.69M -1.85M -7.02M -13.59M -7.32M
Issuance of capital stock 82.10M 0.90M 1.22M 4.03M 27.74M
Depreciation 0.08M 0.07M 0.07M 0.01M 0.01M
Change to account receivables -0.36M -0.01M 0.12M - -
Other cashflows from financing activities -0.36M 0.00M 1.06M 1.17M -1.69M
Change to netincome - - - 0.65M 1.03M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital 0.55M 0.04M -0.94M 0.73M 0.31M
Stock based compensation 3.18M 0.84M 1.15M 0.88M 0.88M
Other non cash items -0.28M -0.00M 0.07M -0.23M 0.14M
Free cash flow -8.69M -1.85M -7.02M -13.59M -7.32M

Peer Comparison*

Sector: Healthcare Industry: Biotechnology

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
DRUG
Bright Minds Biosciences Inc
-3.32
12.67%
22.88 - - - 13.72 -0.07
NVO
Novo Nordisk A/S
-0.11
0.27%
40.34 41.58 31.15 2.13 32.99 4.70
VRTX
Vertex Pharmaceuticals Inc
-16.25
2.94%
536.90 30.22 24.27 10.36 6.50 24.66
REGN
Regeneron Pharmaceuticals Inc
9.79
1.02%
971.05 29.07 20.12 7.57 3.82 19.42
ARGNF
argenx SE
-
-%
900.30 45.77 31.25 13.84 7.12 36.06

Profile*

Bright Minds Biosciences Inc

Bright Minds Biosciences Inc., a biotechnology company, develops therapeutics to improve the lives of patients with severe and life-altering diseases in the United States. Its portfolio includes 5-HT2 Receptors, which are serotonin agonists for epilepsy and neuropsychiatric disorders; and BMB-101, which has completed phase 1 trial for undisclosed seizure disorder and is in phase 2 clinical trials for the developmental and epileptic encephalopathies and absence epilepsies. The company also develops BMB-201 and BMB-202 for the treatment of neuropsychiatric and neurology indications; and BMB-105, a 5-HT2C agonist to treat Prader Willi Syndrome. Bright Minds Biosciences Inc. has a collaboration with Firefly Neuroscience, Inc. to provide an analysis of the electroencephalogram (EEG) data in the Company's BREAKTHROUGH study. The company was founded in 2017 and is headquartered in New York, New York.

19 Vestry Street, New York, NY, United States, 10013

647 865 8622

26

Name Title Year Born
Mr. Ian McDonald Co-Founder, CEO, Pres & Director 1988
Mr. Ryan E. S. K. Cheung B.Com., CA, CPA Chief Financial Officer 1978
Dr. Emer Leahy M.B.A., Ph.D. Consultant 1967
Dr. Jan Torleif Pedersen M.Sc., Ph.D. Interim Chief Science Officer & Director NA
Dr. Mark A. Smith M.D., Ph.D. Chief Medical Officer 1955
Dr. Gideon Shapiro Ph.D. VP of Discovery NA
Mr. Ian McDonald Co-Founder, CEO, President & Director 1989
Dr. Jan Torleif Pedersen M.Sc., Ph.D. Chief Science Officer & Director 1965
Mr. Ian McDonald Co-Founder, CEO, President & Director 1988
Mr. Alex Vasilkevich COO & Senior Scientific Officer 1989

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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