Eledon Pharmaceuticals, Inc.(ELDN)Stock Analysis
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Quality rankings require at least $50M annual revenue or $250M total assets to filter out micro-caps and shell companies. This company reported $0.0M in revenue.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
ELDN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Eledon Pharmaceuticals, Inc. (ELDN), a Healthcare sector company. ELDN is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least $50m annual revenue or $250m total assets to filter out micro-caps and shell companies. this company reported $0.0m in revenue. Based on the latest XBRL financial filings (Q1 2026), Eledon Pharmaceuticals, Inc. reports net income of $-39.0M, free cash flow of $-22.6M. Top institutional holders of ELDN by reported 13-F value include BVF /IL, BlackRock,, Defilade Capital Management, L.P., based on the most recent SEC filings. ELDN trades on the Nasdaq exchange and files with the SEC under CIK 1404281. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ELDN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Eledon Pharmaceuticals, Inc. directly from SEC EDGAR.
Net Income
Q1 2026
$-39.0M
Free Cash Flow
Q1 2026
$-22.6M
ROIC
Q1 2026
-47.3%
D/E Ratio
Q1 2026
0.00
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
-32.2% YoYOperating Income
EPS (Diluted)
+77.7% YoYTotal Assets
-0.9% YoYTotal Debt
Op. Cash Flow
-115.6% YoY| Metric | FY 2025 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Net Income | $-45.6M -32.2% | $-34.5M -51.3% | $-22.8M -42.5% | $-16.0M -13.8% | $-14.1M -7.2% | $-13.1M |
| Operating Income | — | $-36.9M -99.7% | $-18.5M -15.0% | $-16.1M -14.2% | $-14.1M -7.2% | $-13.1M |
| EPS (Diluted) | $-0.52 +77.7% | $-2.33 | — | — | — | — |
| Total Assets | $169.0M -0.9% | $170.5M -13.5% | $197.2M +1703.9% | $10.9M -35.8% | $17.0M -18.5% | $20.9M |
| Total Debt | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Operating Cash Flow | $-62.3M -115.6% | $-28.9M -90.1% | $-15.2M -9.8% | $-13.9M -16.5% | $-11.9M +20.4% | $-14.9M |
AI Insight: ELDN Financial Trends
Eledon burns cash consistently with no revenue, equity deteriorating despite zero debt.
• Operating cash flow negative every quarter, ranging from $-8M to $-23M; Q1 2026 worst at $-23M.
• Net income volatile but predominantly negative; Q3 2024 showed $77M gain, isolated exception in otherwise loss-making profile.
• Equity fluctuated $-64M to $81M across 8 quarters; recent Q1 2026 at $45M, down from Q4 2025 peak of $81M.
⚠ No revenue reported across all periods; company is pre-commercialization or non-revenue generating.
⚠ Operating cash burn accelerated to $-23M in Q1 2026; unsustainable without financing or inflection.
⚠ Equity eroded $36M from Q4 2025 to Q1 2026 despite zero debt; runway dependent on capital raises.
AI Insight: ELDN Ratio Trends
Eledon remains unprofitable with deeply negative returns; insufficient operational data to assess margin or cash-generation trends.
• ROE deteriorated sharply to -197.5% in Q3 2025, then recovered to -51.5% in Q4 2025; TTM ROE stands at -174.6%.
• ROA similarly volatile: -53.8% in Q3 2025, improving to -24.7% in Q4 2025; TTM ROA at -53.3%.
• Debt-to-equity ratio remains zero across all periods, indicating no financial leverage.
⚠ Absence of operating margin and net profit margin data prevents assessment of cost control or profitability trajectory.
⚠ Quarterly volatility in ROE and ROA suggests inconsistent or minimal net income; path to breakeven unclear.
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Top Institutional Holders of ELDN
BVF INC/IL
$19.4M6,293,282 shBlackRock, Inc.
$13.5M4,382,245 shDefilade Capital Management, L.P.
$11.0M3,564,127 shVANGUARD CAPITAL MANAGEMENT LLC
$10.1M3,293,134 shEnsign Peak Advisors, Inc
$7.6M2,464,919 shZimmer Partners, LP
$5.8M1,875,000 shGEODE CAPITAL MANAGEMENT, LLC
$5.5M1,791,783 shSPHERA FUNDS MANAGEMENT LTD.
$5.5M1,772,131 shCatalio Capital Management, LP
$5.1M1,639,816 shBlue Owl Capital Holdings LP
$4.4M1,419,912 sh
| Fund | Value | Shares |
|---|---|---|
| BVF INC/IL | $19.4M | 6,293,282 |
| BlackRock, Inc. | $13.5M | 4,382,245 |
| Defilade Capital Management, L.P. | $11.0M | 3,564,127 |
| VANGUARD CAPITAL MANAGEMENT LLC | $10.1M | 3,293,134 |
| Ensign Peak Advisors, Inc | $7.6M | 2,464,919 |
| Zimmer Partners, LP | $5.8M | 1,875,000 |
| GEODE CAPITAL MANAGEMENT, LLC | $5.5M | 1,791,783 |
| SPHERA FUNDS MANAGEMENT LTD. | $5.5M | 1,772,131 |
| Catalio Capital Management, LP | $5.1M | 1,639,816 |
| Blue Owl Capital Holdings LP | $4.4M | 1,419,912 |
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Is ELDN a good stock to buy?
13F Pro's AI-powered analysis of Eledon Pharmaceuticals, Inc. (ELDN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for ELDN are available on the ELDN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own ELDN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling ELDN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Eledon Pharmaceuticals, Inc.'s investment landscape.