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Praxis Precision Medicines, Inc. PRAX Relutrigine — Program-specific expenses

Other product segments

Ulixacaltamide
$13.3M-27.7%
Vormatrigine
$12.88M-28.3%
Elsunersen
$8.14M+518%
Other early stage assets
$5.47M+286%

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Other financials

Income statement

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Revenue--100%
Operating income-$96.9M-27.4%
Net income-$83.7M-17.7%
EPS (diluted)-$2.87+13.3%

Balance sheet

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Cash & equivalents$474.8M+201%
Total debt$1.1M+44.0%
Total equity$1.3B+232%
Total assets$1.4B+207%

Cash flow

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Operating cash flow-$77.5M-41.8%
CapEx$245.0K+338%
Free cash flow-$77.8M-42.1%

Valuation

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Market cap$8.9B+770%
Enterprise value$8.43B+873%

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-38.9%-10.3pp
Debt / equity0.0×
Current ratio15.7×+9.4×

Where this comes from

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

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Praxis Precision Medicines, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 8:32 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001689548-26-000083
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Program-specific expenses:
Ulixacaltamide$13,299$18,385$32,402$41,898
Vormatrigine12,87817,95733,37231,690
Relutrigine13,97910,50926,83315,886
Elsunersen8,1411,31711,3382,078
Other early stage assets5,4711,4178,7132,522
Personnel-related expenses18,94311,91336,67324,943
Stock-based compensation expense11,3097,77028,42116,556

Item 1. Financial Statements (Unaudited)

FAQ

What is Praxis Precision Medicines, Inc.'s relutrigine — program-specific expenses?
Praxis Precision Medicines, Inc. (PRAX) reported relutrigine — program-specific expenses of $13.98M in Q2 2026.
How has Praxis Precision Medicines, Inc.'s relutrigine — program-specific expenses changed year-over-year?
Praxis Precision Medicines, Inc.'s relutrigine — program-specific expenses increased by 33.0% year-over-year, from $10.51M to $13.98M.
What is the long-term trend for Praxis Precision Medicines, Inc.'s relutrigine — program-specific expenses?
Over 2 years (2023 to 2025), Praxis Precision Medicines, Inc.'s relutrigine — program-specific expenses has grown at a 239.1% compound annual growth rate (CAGR), from $4M to $45.95M.
What does relutrigine — program-specific expenses mean?
This metric represents the total direct costs and operating expenses specifically attributable to the development, manufacturing, and commercialization activities of the Relutrigine product candidate. It encompasses research and development outlays, clinical trial costs, and supply chain expenditures required to advance this specific therapeutic asset through its lifecycle. By isolating these costs, the company provides transparency into the capital intensity and resource allocation dedicated to this particular clinical program.

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