Neurogene Inc.(NGNE)Stock Analysis
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Not in ranked universe
Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
NGNE Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Neurogene Inc. (NGNE), a Healthcare sector company. NGNE is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), Neurogene Inc. reports net income of $-30.9M, free cash flow of $-26.4M. Top institutional holders of NGNE by reported 13-F value include Samsara BioCapital,, Redmile Group,, Casdin Capital,, based on the most recent SEC filings. NGNE trades on the Nasdaq exchange and files with the SEC under CIK 1404644. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NGNE 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 Neurogene Inc. directly from SEC EDGAR.
Net Income
Q1 2026
$-30.9M
Free Cash Flow
Q1 2026
$-26.4M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-100.0% YoYNet Income
-20.2% YoYOperating Income
-25.1% YoYEPS (Diluted)
+0.9% YoYTotal Assets
-14.0% YoYOp. Cash Flow
-9.3% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $0.00 -100.0% | $925.0K | $0.00 | — | — | — |
| Net Income | $-90.4M -20.2% | $-75.1M -106.9% | $-36.3M +34.2% | $-55.2M +9.1% | $-60.7M +12.6% | $-69.4M |
| Operating Income | $-103.3M -25.1% | $-82.6M -48.6% | $-55.6M +1.7% | $-56.5M +6.9% | $-60.7M +14.5% | $-71.0M |
| EPS (Diluted) | $-4.24 +0.9% | $-4.28 | — | $-1.04 +5.5% | $-1.10 | — |
| Total Assets | $288.6M -14.0% | $335.7M +50.8% | $222.6M +103.7% | $109.3M -33.1% | $163.3M +11.0% | $147.0M |
| Operating Cash Flow | $-77.2M -9.3% | $-70.6M -37.3% | $-51.4M +2.7% | $-52.8M -11.1% | $-47.6M -208.9% | $-15.4M |
AI Insight: NGNE Financial Trends
Neurogene's cash burn accelerated sharply in Q1 2026, with operating losses hitting a new high of $33M while equity eroded to $238M.
• Operating losses widened from $20M in Q2 2024 to $33M in Q1 2026, a 65% deterioration over seven quarters.
• Equity declined from a Q4 2024 peak of $310M to $238M in Q1 2026, a $72M drawdown in three quarters.
• Operating cash outflow reached $26M in Q1 2026, the largest single-quarter burn in the observable period.
⚠ At the Q1 2026 burn rate of ~$26M/quarter, the $238M equity base implies a limited cash runway without new financing.
⚠ No debt is reported across all periods; monitor whether the company taps debt markets as equity erodes further.
AI Insight: NGNE Ratio Trends
NGNE's return metrics are deteriorating sharply in Q1 2026, with ROIC hitting -56.1% — the worst single-quarter reading in the dataset outside Q3 2024.
• ROIC worsened dramatically from -35.9% in Q3 2025 to -56.1% in Q1 2026, a 20pp deterioration in one quarter.
• ROE fell from -31.6% in Q3 2025 to -52.0% in Q1 2026, matching the steep losses seen in Q3 2024.
• TTM ROIC of -46.6% is less severe than the Q1 2026 quarterly reading of -56.1%, suggesting recent burn acceleration.
⚠ Q1 2026 ROIC of -56.1% is the sharpest quarterly deterioration since Q3 2024 — monitor whether this reflects a one-off spend spike.
⚠ OpMargin, NPM, and D/E are entirely absent across all periods, leaving capital structure and revenue visibility opaque.
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Available Research
13F Pro tracks comprehensive data for Neurogene Inc. including:
Top Institutional Holders of NGNE
Samsara BioCapital, LLC
$34.6M1,717,127 shRedmile Group, LLC
$29.4M1,459,599 shCasdin Capital, LLC
$28.6M1,420,361 shRTW INVESTMENTS, LP
$27.5M1,362,456 shEcoR1 Capital, LLC
$25.6M1,271,342 shBlackRock, Inc.
$20.3M1,005,070 shBAKER BROS. ADVISORS LP
$20.0M991,691 shTrails Edge Capital Partners, LP
$15.8M782,787 shBALYASNY ASSET MANAGEMENT L.P.
$14.5M718,389 shTORONTO DOMINION BANK
$13.7M681,337 sh
| Fund | Value | Shares |
|---|---|---|
| Samsara BioCapital, LLC | $34.6M | 1,717,127 |
| Redmile Group, LLC | $29.4M | 1,459,599 |
| Casdin Capital, LLC | $28.6M | 1,420,361 |
| RTW INVESTMENTS, LP | $27.5M | 1,362,456 |
| EcoR1 Capital, LLC | $25.6M | 1,271,342 |
| BlackRock, Inc. | $20.3M | 1,005,070 |
| BAKER BROS. ADVISORS LP | $20.0M | 991,691 |
| Trails Edge Capital Partners, LP | $15.8M | 782,787 |
| BALYASNY ASSET MANAGEMENT L.P. | $14.5M | 718,389 |
| TORONTO DOMINION BANK | $13.7M | 681,337 |
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Popular Research
Is NGNE a good stock to buy?
13F Pro's AI-powered analysis of Neurogene Inc. (NGNE) 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 NGNE are available on the NGNE 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 NGNE?
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 NGNE. 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 Neurogene Inc.'s investment landscape.