Praxis Precision Medicines, Inc.(PRAX)Stock Analysis
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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.
PRAX Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Praxis Precision Medicines, Inc. (PRAX), a Healthcare sector company. PRAX 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), Praxis Precision Medicines, Inc. reports net income of $-92.6M, free cash flow of $-86.2M. Top institutional holders of PRAX by reported 13-F value include Orbis Allan Gray Ltd, BlackRock,, FMR, based on the most recent SEC filings. PRAX trades on the Nasdaq exchange and files with the SEC under CIK 1689548. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PRAX 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 Praxis Precision Medicines, Inc. directly from SEC EDGAR.
Net Income
Q1 2026
$-92.6M
Free Cash Flow
Q1 2026
$-86.2M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-100.0% YoYNet Income
-65.7% YoYOperating Income
-63.0% YoYEPS (Diluted)
-32.0% YoYTotal Assets
+94.1% YoYOp. Cash Flow
-89.0% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $0.00 -100.0% | $8.6M +249.5% | $2.4M | $0.00 | — | — |
| Net Income | $-303.3M -65.7% | $-183.0M -48.4% | $-123.3M +42.4% | $-214.0M -28.1% | $-167.1M -170.2% | $-61.8M |
| Operating Income | $-326.2M -63.0% | $-200.2M -58.4% | $-126.4M +41.2% | $-215.0M -28.5% | $-167.3M -170.0% | $-62.0M |
| EPS (Diluted) | $-13.48 -32.0% | $-10.21 +45.4% | $-18.69 +73.2% | $-69.65 -1667.8% | $-3.94 +49.9% | $-7.86 |
| Total Assets | $937.9M +94.1% | $483.1M +449.3% | $87.9M -23.6% | $115.1M -60.7% | $292.7M -3.4% | $303.2M |
| Operating Cash Flow | $-249.1M -89.0% | $-131.8M -18.6% | $-111.1M +39.9% | $-185.0M -48.6% | $-124.6M -136.7% | $-52.6M |
AI Insight: PRAX Financial Trends
PRAX remains pre-revenue with operating losses accelerating to -$106M in Q1 2026, though a large Q4 2025–Q1 2026 equity raise materially extends the cash runway.
• Operating losses have nearly tripled from -$37M in Q2 2024 to -$106M in Q1 2026, reflecting heavy clinical-stage spending.
• Operating cash outflows surged from -$27M in Q2 2024 to -$86M in Q1 2026, signaling accelerating cash consumption.
• Equity jumped from $344M in Q3 2025 to $1,410M in Q1 2026, indicating a substantial capital raise that bolsters the balance sheet.
• Revenue remains effectively $0M across seven of eight quarters; the lone $7M in Q4 2024 did not recur.
⚠ At -$86M quarterly cash burn, the $1,410M equity base provides roughly four years of runway — monitor burn acceleration closely.
⚠ Operating losses widened $29M quarter-over-quarter in Q4 2025 — steepest single-quarter deterioration in the dataset.
⚠ No debt reported across all periods; any future debt issuance would signal a meaningful shift in capital strategy.
AI Insight: PRAX Ratio Trends
Return metrics surged to deeply negative levels through Q3 2025 but have since recovered sharply, with ROIC improving from -91.2% to -30.0% by Q1 2026.
• ROIC deteriorated from -35.8% in Q2 2024 to a trough of -91.2% in Q3 2025, signaling accelerating cash burn through that period.
• ROIC rebounded meaningfully from -91.2% in Q3 2025 to -30.0% in Q1 2026, a 61pp improvement over two quarters.
• ROA followed the same pattern, troughing at -74.6% in Q3 2025 before recovering to -25.4% in Q1 2026.
⚠ OpMargin, NPM, and D/E are entirely absent across all periods, leaving capital structure and profitability context incomplete.
⚠ Despite the recent recovery, all return metrics remain deeply negative; the TTM ROIC of -25.3% confirms sustained cash consumption.
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Available Research
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Top Institutional Holders of PRAX
Orbis Allan Gray Ltd
$796.6M2,472,480 shBlackRock, Inc.
$749.1M2,324,929 shFMR LLC
$696.2M2,160,943 shPERCEPTIVE ADVISORS LLC
$656.0M2,035,986 shBAKER BROS. ADVISORS LP
$564.9M1,753,198 shVANGUARD CAPITAL MANAGEMENT LLC
$393.7M1,221,944 shDEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C)
$310.4M963,351 shDRIEHAUS CAPITAL MANAGEMENT LLC
$305.8M949,225 shCormorant Asset Management, LP
$285.3M885,500 shSTATE STREET CORP
$284.9M884,238 sh
| Fund | Value | Shares |
|---|---|---|
| Orbis Allan Gray Ltd | $796.6M | 2,472,480 |
| BlackRock, Inc. | $749.1M | 2,324,929 |
| FMR LLC | $696.2M | 2,160,943 |
| PERCEPTIVE ADVISORS LLC | $656.0M | 2,035,986 |
| BAKER BROS. ADVISORS LP | $564.9M | 1,753,198 |
| VANGUARD CAPITAL MANAGEMENT LLC | $393.7M | 1,221,944 |
| DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C) | $310.4M | 963,351 |
| DRIEHAUS CAPITAL MANAGEMENT LLC | $305.8M | 949,225 |
| Cormorant Asset Management, LP | $285.3M | 885,500 |
| STATE STREET CORP | $284.9M | 884,238 |
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Popular Research
Is PRAX a good stock to buy?
13F Pro's AI-powered analysis of Praxis Precision Medicines, Inc. (PRAX) 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 PRAX are available on the PRAX 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 PRAX?
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 PRAX. 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 Praxis Precision Medicines, Inc.'s investment landscape.