MEDICINOVA INC(MNOV)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 $4.0M in revenue.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
MNOV Stock Analysis & AI Quality Score
AI stock analysis and institutional research for MEDICINOVA INC (MNOV), a Healthcare sector company. MNOV 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 $4.0m in revenue. Based on the latest XBRL financial filings (Q1 2026), MEDICINOVA INC reports quarterly revenue of $187.0K, net income of $-2.6M, free cash flow of $-3.5M. Top institutional holders of MNOV by reported 13-F value include Essex Woodlands Management,, BlackRock,, CITIGROUP, based on the most recent SEC filings. MNOV trades on the Nasdaq exchange and files with the SEC under CIK 1226616. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MNOV 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 MEDICINOVA INC directly from SEC EDGAR.
Revenue
Q1 2026
$187.0K
Net Income
Q1 2026
$-2.6M
Free Cash Flow
Q1 2026
$-3.5M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
Net Income
-8.6% YoYOperating Income
-4.8% YoYEPS (Diluted)
-4.3% YoYTotal Assets
-18.4% YoYOp. Cash Flow
+7.8% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $409.7K | — | $1.0M | — | — | — |
| Net Income | $-12.0M -8.6% | $-11.0M -28.9% | $-8.6M +38.1% | $-13.9M -7.0% | $-12.9M -15.9% | $-11.2M |
| Operating Income | $-13.3M -4.8% | $-12.7M -28.0% | $-9.9M +30.2% | $-14.2M -1.0% | $-14.0M -7.7% | $-13.0M |
| EPS (Diluted) | $-0.24 -4.3% | $-0.23 -35.3% | $-0.17 | — | — | — |
| Total Assets | $45.6M -18.4% | $55.9M -15.7% | $66.3M -12.1% | $75.4M -4.8% | $79.2M +82.4% | $43.4M |
| Operating Cash Flow | $-9.8M +7.8% | $-10.6M -43.2% | $-7.4M +31.4% | $-10.8M -18.6% | $-9.1M -31.8% | $-6.9M |
AI Insight: MNOV Financial Trends
MNOV remains pre-revenue with consistent $3M quarterly losses, equity eroding 32% from $57M to $39M over eight quarters.
• Revenue remains negligible at $0M across reported periods; company is entirely cash-burn stage with no commercial traction.
• Equity declined from $57M in Q2 2024 to $39M in Q1 2026—18% erosion in just one year amid consistent $3M net losses.
• Operating cash outflow stable at $2–4M quarterly; no debt reported, indicating burn funded by balance sheet depletion.
⚠ At current burn rate of ~$12M annually, equity runway is ~3.25 years; need for capital raise or revenue inflection looming.
⚠ Lack of revenue growth or milestone progress visible in financials; pipeline advancement and clinical data critical.
AI Insight: MNOV Ratio Trends
MedicinNova remains deeply unprofitable with all return metrics negative; ROE and ROIC show modest improvement from mid-2025 lows but trajectory remains destructive.
• ROE recovered from -28.0% in Q2 2025 to -26.2% in Q1 2026; ROIC similarly improved from -30.8% to -28.8% over same span.
• All return metrics (ROE, ROA, ROIC) remain deeply negative across entire period; company destroyed shareholder value every quarter.
⚠ ROE and ROIC deteriorated sharply Q1–Q2 2025 (from -22.9% to -28.0%), then stabilized; underlying profitability drivers need clarification.
⚠ Recent improvement from mid-2025 trough fragile; company must demonstrate sustained positive operating performance to restore value creation.
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Available Research
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Top Institutional Holders of MNOV
Essex Woodlands Management, Inc.
$1.5M1,105,941 shBlackRock, Inc.
$967.2K705,954 shCITIGROUP INC
$870.9K635,715 shVANGUARD CAPITAL MANAGEMENT LLC
$837.1K611,039 shGEODE CAPITAL MANAGEMENT, LLC
$745.3K543,843 shVANGUARD FIDUCIARY TRUST CO
$384.5K280,621 shUBS Group AG
$304.4K222,200 shSTATE STREET CORP
$265.4K193,698 shRENAISSANCE TECHNOLOGIES LLC
$260.2K189,900 shBARCLAYS PLC
$223.2K162,900 sh
| Fund | Value | Shares |
|---|---|---|
| Essex Woodlands Management, Inc. | $1.5M | 1,105,941 |
| BlackRock, Inc. | $967.2K | 705,954 |
| CITIGROUP INC | $870.9K | 635,715 |
| VANGUARD CAPITAL MANAGEMENT LLC | $837.1K | 611,039 |
| GEODE CAPITAL MANAGEMENT, LLC | $745.3K | 543,843 |
| VANGUARD FIDUCIARY TRUST CO | $384.5K | 280,621 |
| UBS Group AG | $304.4K | 222,200 |
| STATE STREET CORP | $265.4K | 193,698 |
| RENAISSANCE TECHNOLOGIES LLC | $260.2K | 189,900 |
| BARCLAYS PLC | $223.2K | 162,900 |
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Popular Research
Is MNOV a good stock to buy?
13F Pro's AI-powered analysis of MEDICINOVA INC (MNOV) 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 MNOV are available on the MNOV 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 MNOV?
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 MNOV. 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 MEDICINOVA INC's investment landscape.