ARTL Chart
About

Artelo Biosciences, Inc., a clinical stage biopharmaceutical company, develops and commercializes therapeutics that target lipid-signaling pathways in the United States. The company's product candidate pipeline includes ART27.13, a synthetic dual cannabinoid G protein-coupled receptor agonist, which is in Phase 1b/2a clinical trial for the treatment of cancer-related anorexia; and ART12.11, a cocrystal composition of cannabidiol and tetramethylpyrazine for the treatment anxiety, depression, post-traumatic stress disorder PTSD, epilepsy and insomnia, and other potential indications. It also offers ART26.12, a fatty acid binding protein 5 inhibitor for treating chemotherapy induced peripheral neuropathy, diabetic neuropathy, prostate cancer and breast cancer, pain, dermatologic conditions, and anxiety disorders. The company was formerly known as Reactive Medical Inc. and changed its name to Artelo Biosciences, Inc. in April 2017. Artelo Biosciences, Inc. was incorporated in 2011 and is based in Solana Beach, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 2.94M
Enterprise Value 3.02M Income -12.88M Sales
Book/sh -1.89 Cash/sh 0.85 Dividend Yield
Payout 0.00% Employees 7 IPO
P/E Forward P/E -4.72 PEG
P/S P/B -2.20 P/C
EV/EBITDA EV/Sales Quick Ratio 0.15
Current Ratio 0.17 Debt/Eq LT Debt/Eq
EPS (ttm) -37.56 EPS next Y -0.88 EPS Growth
Revenue Growth Earnings 2026-02-24 08:00 ROA -190.09%
ROE -16.25% ROIC Gross Margin 0.00%
Oper. Margin 0.00% Profit Margin 0.00% Shs Outstand 708.26K
Shs Float 705.07K Short Float 2.50% Short Ratio 1.67
Short Interest 52W High 85.80 52W Low 3.15
Beta 1.07 Avg Volume 24.70K Volume 97.65K
Target Price Recom None Prev Close $3.76
Price $4.15 Change 10.37%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
Mean price target
2. Current target
$4.15
Latest analyst target
3. DCF / Fair value
$-105.94
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.15
Low
High
Mean

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-19 down Maxim Group Buy → Hold
2025-09-08 down D. Boral Capital Buy → Hold
2025-08-26 main D. Boral Capital Buy → Buy $18
2025-08-18 main D. Boral Capital Buy → Buy $18
2025-08-06 main D. Boral Capital Buy → Buy $18
2025-08-04 main D. Boral Capital Buy → Buy $18
2025-07-08 up D. Boral Capital Hold → Buy $20
2025-06-11 down D. Boral Capital Buy → Hold
2025-06-06 main D. Boral Capital Buy → Buy $6
2025-04-28 main D. Boral Capital Buy → Buy $6
2025-04-02 main D. Boral Capital Buy → Buy $6
2025-03-04 reit HC Wainwright & Co. Buy → Buy $5
2025-03-03 main D. Boral Capital Buy → Buy $6
2025-02-27 main D. Boral Capital Buy → Buy $6
2025-01-14 main D. Boral Capital Buy → Buy $6
2024-12-09 main D. Boral Capital Buy → Buy $6
2024-12-09 reit HC Wainwright & Co. Buy → Buy $5
2024-08-14 reit HC Wainwright & Co. Buy → Buy $5
2024-06-05 reit HC Wainwright & Co. Buy → Buy $5
2024-05-15 reit HC Wainwright & Co. Buy → Buy $5
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 38346 136128 Conversion of Exercise of derivative security at price 3.55 per share. MATSUI CONNIE L Director 2025-10-28 00:00:00 D
1 9586 34030 Conversion of Exercise of derivative security at price 3.55 per share. GORGAS GREGORY D Chief Executive Officer 2025-10-28 00:00:00 D
2 6846 24303 Conversion of Exercise of derivative security at price 3.55 per share. FAVORITO TAMARA A. Director 2025-10-28 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-11.40M-10.11M-10.57M-10.29M
TotalUnusualItems-1.20M282.00K641.00K207.00K
TotalUnusualItemsExcludingGoodwill-1.20M282.00K641.00K207.00K
NetIncomeFromContinuingOperationNetMinorityInterest-12.88M-9.83M-9.29M-10.08M
EBITDA-12.60M-9.83M-9.93M-10.08M
EBIT-12.60M-9.83M-9.93M-10.08M
NetInterestIncome-277.00K0.000.00-3.00K
InterestExpense277.00K0.000.005.00K
InterestIncome0.002.00K2.00K
NormalizedIncome-11.68M-10.11M-9.93M-10.29M
NetIncomeFromContinuingAndDiscontinuedOperation-12.88M-9.83M-9.29M-10.08M
TotalExpenses11.40M10.11M9.93M10.29M
TotalOperatingIncomeAsReported-11.40M-10.11M-9.93M-10.29M
DilutedAverageShares537.00K493.33K472.17K207.50K
BasicAverageShares537.00K493.33K472.17K207.50K
DilutedEPS-18.30-18.84-21.36-35.82
BasicEPS-18.30-18.84-21.36-35.82
DilutedNIAvailtoComStockholders-12.88M-9.83M-9.29M-10.08M
NetIncomeCommonStockholders-12.88M-9.83M-9.29M-10.08M
NetIncome-12.88M-9.83M-9.29M-10.08M
NetIncomeIncludingNoncontrollingInterests-12.88M-9.83M-9.29M-10.08M
NetIncomeContinuousOperations-12.88M-9.83M-9.29M-10.08M
TaxProvision0.000.000.000.00
PretaxIncome-12.88M-9.83M-9.29M-10.08M
OtherIncomeExpense-1.20M282.00K641.00K207.00K
SpecialIncomeCharges-1.16M0.00
OtherSpecialCharges1.16M
GainOnSaleOfSecurity-40.00K282.00K641.00K207.00K
NetNonOperatingInterestIncomeExpense-277.00K0.000.00-3.00K
InterestExpenseNonOperating277.00K0.000.005.00K
InterestIncomeNonOperating0.002.00K2.00K
OperatingIncome-11.40M-10.11M-9.93M-10.29M
OperatingExpense11.40M10.11M9.93M10.29M
ResearchAndDevelopment5.42M5.99M5.70M4.32M
SellingGeneralAndAdministration5.98M4.12M4.23M5.96M
GeneralAndAdministrativeExpense5.98M4.12M4.23M5.96M
OtherGandA5.98M4.12M4.23M5.96M
TotalRevenue0.000.000.000.00
OperatingRevenue0.000.000.000.00
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber2.02M567.58K531.49K475.95K
ShareIssued2.02M567.58K531.49K475.95K
NetDebt9.00K
TotalDebt678.00K104.00K23.00K63.00K
TangibleBookValue-3.31M818.00K9.71M17.36M
InvestedCapital-663.00K2.86M11.75M19.40M
WorkingCapital-3.35M785.00K9.69M17.32M
NetTangibleAssets-3.31M818.00K9.71M17.36M
CapitalLeaseObligations69.00K104.00K23.00K63.00K
CommonStockEquity-1.27M2.86M11.75M19.40M
TotalCapitalization-1.27M2.86M11.75M19.40M
TotalEquityGrossMinorityInterest-1.27M2.86M11.75M19.40M
StockholdersEquity-1.27M2.86M11.75M19.40M
GainsLossesNotAffectingRetainedEarnings-272.00K-202.00K-203.00K-254.00K
OtherEquityAdjustments-272.00K-202.00K-203.00K-254.00K
RetainedEarnings-63.02M-50.14M-40.31M-31.02M
AdditionalPaidInCapital62.01M53.19M52.26M50.67M
CapitalStock2.00K1.00K3.00K3.00K
CommonStock2.00K1.00K3.00K3.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest4.07M1.84M1.29M1.02M
TotalNonCurrentLiabilitiesNetMinorityInterest29.00K69.00K0.0023.00K
LongTermDebtAndCapitalLeaseObligation29.00K69.00K0.0023.00K
LongTermCapitalLeaseObligation29.00K69.00K0.0023.00K
CurrentLiabilities4.04M1.77M1.29M998.00K
OtherCurrentLiabilities-3.00K
CurrentDebtAndCapitalLeaseObligation649.00K35.00K23.00K40.00K
CurrentCapitalLeaseObligation40.00K35.00K23.00K40.00K
CurrentDebt609.00K
OtherCurrentBorrowings609.00K
PayablesAndAccruedExpenses3.40M1.74M1.27M958.00K
CurrentAccruedExpenses15.00K0.00
InterestPayable15.00K0.00
Payables3.38M1.74M1.27M958.00K
DuetoRelatedPartiesCurrent345.00K61.00K30.00K53.00K
AccountsPayable3.04M1.68M1.24M905.00K
TotalAssets2.80M4.70M13.04M20.42M
TotalNonCurrentAssets2.11M2.14M2.06M2.10M
OtherNonCurrentAssets3.00K3.00K3.00K3.00K
NonCurrentPrepaidAssets189.00K
InvestmentsAndAdvances0.000.00
InvestmentinFinancialAssets0.000.00
GoodwillAndOtherIntangibleAssets2.04M2.04M2.04M2.04M
OtherIntangibleAssets2.04M2.04M2.04M2.04M
NetPPE64.00K99.00K21.00K60.00K
GrossPPE64.00K99.00K21.00K60.00K
OtherProperties64.00K99.00K21.00K60.00K
BuildingsAndImprovements21.00K60.00K
Properties0.000.00
CurrentAssets695.00K2.56M10.98M18.32M
OtherCurrentAssets95.00K219.00K554.00K789.00K
PrepaidAssets252.00K
CashCashEquivalentsAndShortTermInvestments600.00K2.34M10.43M17.53M
OtherShortTermInvestments0.007.61M10.64M3.44M
CashAndCashEquivalents600.00K2.34M2.81M6.89M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-8.52M-8.35M-8.21M-8.01M
RepaymentOfDebt-24.00K0.00
IssuanceOfDebt608.00K0.00
IssuanceOfCapitalStock6.15M112.00K567.00K0.00
InterestPaidSupplementalData0.000.000.000.00
IncomeTaxPaidSupplementalData0.000.000.000.00
EndCashPosition600.00K2.34M2.81M6.89M
BeginningCashPosition2.34M2.81M6.89M12.16M
EffectOfExchangeRateChanges-23.00K-8.00K60.00K-224.00K
ChangesInCash-1.72M-469.00K-4.13M-5.05M
FinancingCashFlow6.87M112.00K567.00K0.00
CashFlowFromContinuingFinancingActivities6.87M112.00K567.00K0.00
NetOtherFinancingCharges-7.00K
ProceedsFromStockOptionExercised132.00K0.000.006.02M
NetCommonStockIssuance6.15M112.00K567.00K0.00
CommonStockIssuance6.15M112.00K567.00K0.00
NetIssuancePaymentsOfDebt584.00K0.00
NetShortTermDebtIssuance584.00K0.00
ShortTermDebtPayments-24.00K0.00
ShortTermDebtIssuance608.00K0.00
InvestingCashFlow-62.00K7.77M3.51M2.96M
CashFlowFromContinuingInvestingActivities-62.00K7.77M3.51M2.96M
NetInvestmentPurchaseAndSale-62.00K7.77M3.51M2.96M
SaleOfInvestment188.00K8.25M17.19M16.18M
PurchaseOfInvestment-250.00K-481.00K-13.69M-13.22M
OperatingCashFlow-8.52M-8.35M-8.21M-8.01M
CashFlowFromContinuingOperatingActivities-8.52M-8.35M-8.21M-8.01M
ChangeInWorkingCapital1.79M937.00K703.00K-172.00K
ChangeInPayablesAndAccruedExpense1.66M480.00K273.00K23.00K
ChangeInAccruedExpense69.00K0.00
ChangeInInterestPayable69.00K0.00
ChangeInPayable1.59M480.00K273.00K23.00K
ChangeInAccountPayable1.59M480.00K273.00K23.00K
ChangeInPrepaidAssets129.00K457.00K430.00K-195.00K
OtherNonCashItems208.00K3.00K-4.00K5.00K
StockBasedCompensation1.14M818.00K1.02M2.46M
UnrealizedGainLossOnInvestmentSecurities0.00-282.00K-641.00K-207.00K
OperatingGainsLosses1.22M
GainLossOnInvestmentSecurities62.00K
NetIncomeFromContinuingOperations-12.88M-9.83M-9.29M-10.08M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for ARTL
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status