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Praxis Precision Medicines, Inc. PRAX Removal of right-of-use assets in connection with lease termination

Other financials

Income statement

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Revenue--100%
Operating income-$105.9M-41.7%
Net income-$92.6M-33.6%
EPS (diluted)-$3.20+2.7%

Balance sheet

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Cash & equivalents$536.7M+223%
Total debt$1.4M+31.3%
Total equity$1.4B+221%
Total assets$1.5B+205%

Cash flow

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Operating cash flow-$86.2M-62.5%
CapEx$62.0K—
Free cash flow-$86.2M-62.6%

Valuation

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Market cap$7.87B+1,075%
Enterprise value$7.34B+1,309%

Profitability

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Operating margin-3,927.5%-1,497pp
Net margin-3,658.5%-1,388pp
FCF margin-3,067.4%-1,030pp

Returns & leverage

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Return on equity-35.3%-10.9pp
Debt / equity0×0.0×
Current ratio15.9×+7.4×

Where this comes from

Reported directly by Praxis Precision Medicines, Inc. in its filing.

Tagged under the XBRL concept prax:LeaseTerminationDerecognitionOfRightOfUseAsset.

The official record: Praxis Precision Medicines, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Praxis Precision Medicines, Inc.'s removal of right-of-use assets in connection with lease termination?
Praxis Precision Medicines, Inc. (PRAX) reported removal of right-of-use assets in connection with lease termination of $4.09M in Q1 2026.