NMRA Chart
About

Neumora Therapeutics, Inc., a clinical-stage biopharmaceutical company, engages in developing therapeutic treatments for brain diseases, neuropsychiatric disorders, and neurodegenerative diseases in the United States. The company develops navacaprant (NMRA-140), a novel once-daily oral kappa opioid receptor antagonist, which is in phase 3 clinical trials for the treatment of major depressive disorder. It also develops NMRA-511 that is in phase 1 clinical trials in patients with agitation associated with dementia due to Alzheimer's disease. In addition, the company's preclinical phase product includes NMRA-NMDA and NMRA-M4R for the treatment of Schizophrenia; NMRA-CK1d, a CK1d inhibitor program for the treatment of amyotrophic lateral sclerosis; NMRA-NLRP3 for the treatment of certain neurodegenerative conditions; and NMRA-GCase for the treatment of Parkinson's disease. The company was formerly known as RBNC Therapeutics, Inc. and changed its name to Neumora Therapeutics, Inc. in October 2021. Neumora Therapeutics, Inc. was incorporated in 2019 and is headquartered in Watertown, Massachusetts.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 547.20M
Enterprise Value 386.59M Income -236.30M Sales —
Book/sh 0.82 Cash/sh 1.03 Dividend Yield —
Payout 0.00% Employees 95 IPO —
P/E — Forward P/E -3.24 PEG —
P/S — P/B 3.95 P/C —
EV/EBITDA -1.61 EV/Sales — Quick Ratio 6.64
Current Ratio 6.85 Debt/Eq 15.20 LT Debt/Eq —
EPS (ttm) -1.47 EPS next Y -1.00 EPS Growth —
Revenue Growth — Earnings 2026-03-13 ROA -56.71%
ROE -104.35% ROIC — Gross Margin 0.00%
Oper. Margin 0.00% Profit Margin 0.00% Shs Outstand 169.94M
Shs Float 82.06M Short Float 9.06% Short Ratio 3.44
Short Interest — 52W High 3.65 52W Low 0.61
Beta 2.53 Avg Volume 1.66M Volume 1.08M
Target Price $8.91 Recom None Prev Close $3.02
Price $3.22 Change 6.62%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$8.91
Mean price target
2. Current target
$3.22
Latest analyst target
3. DCF / Fair value
$-12.72
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.22
Low
$3.00
High
$18.00
Mean
$8.91

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-17 up William Blair Market Perform → Outperform —
2026-01-12 init Leerink Partners — → Outperform $8
2025-12-01 up RBC Capital Sector Perform → Outperform $7
2025-11-17 main Stifel Hold → Hold $3
2025-10-28 main Needham Buy → Buy $8
2025-10-27 up Guggenheim Neutral → Buy $14
2025-09-16 down JP Morgan Neutral → Underweight —
2025-07-16 main Mizuho Outperform → Outperform $5
2025-05-13 reit Needham Buy → Buy $5
2025-04-10 reit Needham Buy → Buy $5
2025-04-02 down B of A Securities Buy → Underperform $1
2025-03-10 down Guggenheim Buy → Neutral —
2025-03-07 down Stifel Buy → Hold $2
2025-03-07 reit HC Wainwright & Co. Buy → Buy $18
2025-03-04 reit RBC Capital Sector Perform → Sector Perform $4
2025-03-04 reit Needham Buy → Buy $5
2025-03-04 main HC Wainwright & Co. Buy → Buy $18
2025-02-14 reit HC Wainwright & Co. Buy → Buy $30
2025-01-06 main B of A Securities Buy → Buy $7
2025-01-03 reit HC Wainwright & Co. Buy → Buy $30
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 9819 34459 — Sale at price 3.51 per share. BERNS PAUL L Chief Executive Officer — 2026-02-17 00:00:00 D
1 6165 21917 — Sale at price 3.56 per share. AURORA DALJIT SINGH Chief Operating Officer — 2026-02-17 00:00:00 D
2 5967 21093 — Sale at price 3.54 per share. PINTO JOSHUA PH.D. President — 2026-02-17 00:00:00 D
3 1436 5119 — Sale at price 3.56 per share. MILLIGAN MICHAEL LEE Chief Financial Officer — 2026-02-17 00:00:00 D
4 114703 307026 — Sale at price 2.68 per share. AURORA DALJIT SINGH Chief Operating Officer — 2025-11-11 00:00:00 I
5 1915700 4999977 — Purchase at price 2.61 per share. BUROW KRISTINA M Director and Beneficial Owner of more than 10% of a Class of Security — 2025-10-27 00:00:00 I
6 1915700 4999977 — Purchase at price 2.61 per share. ARCH VENTURE PARTNERS XII, LLC Beneficial Owner of more than 10% of a Class of Security — 2025-10-27 00:00:00 I
7 13202 — — Stock Gift at price 0.00 per share. PINTO JOSHUA PH.D. President — 2025-05-21 00:00:00 D
8 13871 23468 — Sale at price 1.69 per share. BERNS PAUL L Chief Executive Officer — 2025-02-18 00:00:00 D
9 8565 14347 — Sale at price 1.68 per share. AURORA DALJIT SINGH Officer — 2025-02-18 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.210.210.000.00
NormalizedEBITDA-262.83M-251.43M-135.28M-236.78M
NetIncomeFromContinuingOperationNetMinorityInterest-243.79M-235.93M-130.90M-237.31M
ReconciledDepreciation631.00K668.00K594.00K538.00K
EBITDA-262.83M-251.43M-135.28M-236.78M
EBIT-263.46M-252.10M-135.87M-237.32M
NetInterestIncome19.93M16.61M4.56M0.00
InterestIncome19.93M16.61M4.56M0.00
NormalizedIncome-243.79M-235.93M-130.90M-237.31M
NetIncomeFromContinuingAndDiscontinuedOperation-243.79M-235.93M-130.90M-237.31M
TotalExpenses263.46M252.10M135.87M237.32M
TotalOperatingIncomeAsReported-263.46M-252.10M-135.87M-237.32M
DilutedAverageShares159.38M65.02M151.95M151.95M
BasicAverageShares159.38M65.02M151.95M151.95M
DilutedEPS-1.53-3.63-0.86-1.56
BasicEPS-1.53-3.63-0.86-1.56
DilutedNIAvailtoComStockholders-243.79M-235.93M-130.90M-237.31M
NetIncomeCommonStockholders-243.79M-235.93M-130.90M-237.31M
NetIncome-243.79M-235.93M-130.90M-237.31M
NetIncomeIncludingNoncontrollingInterests-243.79M-235.93M-130.90M-237.31M
NetIncomeContinuousOperations-243.79M-235.93M-130.90M-237.31M
TaxProvision178.00K268.00K0.00
PretaxIncome-243.61M-235.66M-130.90M-237.31M
OtherIncomeExpense-78.00K-170.00K405.00K11.00K
OtherNonOperatingIncomeExpenses-78.00K-170.00K405.00K11.00K
NetNonOperatingInterestIncomeExpense19.93M16.61M4.56M0.00
InterestIncomeNonOperating19.93M16.61M4.56M0.00
OperatingIncome-263.46M-252.10M-135.87M-237.32M
OperatingExpense263.46M252.10M135.87M237.32M
ResearchAndDevelopment200.93M206.62M104.75M212.78M
SellingGeneralAndAdministration62.54M45.48M31.12M24.55M
GeneralAndAdministrativeExpense62.54M45.48M31.12M24.55M
OtherGandA62.54M45.48M31.12M24.55M
TotalRevenue0.000.000.000.00
OperatingRevenue0.000.000.000.00
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber161.71M158.83M151.95M151.95M
ShareIssued161.71M158.83M151.95M151.95M
TotalDebt1.85M5.23M8.44M2.05M
TangibleBookValue287.06M469.08M-446.85M-325.22M
InvestedCapital287.06M469.08M-446.85M-325.22M
WorkingCapital284.17M453.17M364.26M392.32M
NetTangibleAssets287.06M469.08M-446.85M-325.22M
CapitalLeaseObligations1.85M5.23M8.44M2.05M
CommonStockEquity287.06M469.08M-446.85M-325.22M
TotalCapitalization287.06M469.08M-446.85M-325.22M
TotalEquityGrossMinorityInterest287.06M469.08M-446.85M-325.22M
StockholdersEquity287.06M469.08M-446.85M-325.22M
GainsLossesNotAffectingRetainedEarnings62.00K-76.00K-774.00K0.00
OtherEquityAdjustments62.00K-76.00K-774.00K
RetainedEarnings-947.22M-703.43M-467.51M-336.61M
AdditionalPaidInCapital1.23B1.17B21.43M11.38M
CapitalStock16.00K16.00K3.00K3.00K
CommonStock16.00K16.00K3.00K3.00K
TotalLiabilitiesNetMinorityInterest29.91M27.12M873.08M754.52M
TotalNonCurrentLiabilitiesNetMinorityInterest22.00K2.01M849.39M731.24M
OtherNonCurrentLiabilities22.00K155.00K628.00K386.00K
PreferredSecuritiesOutsideStockEquity0.000.00843.69M729.86M
LongTermDebtAndCapitalLeaseObligation0.001.85M5.07M996.00K
LongTermCapitalLeaseObligation0.001.85M5.07M996.00K
CurrentLiabilities29.89M25.11M23.70M23.28M
OtherCurrentLiabilities133.00K139.00K1.64M1.49M
CurrentDebtAndCapitalLeaseObligation1.85M3.38M3.37M1.06M
CurrentCapitalLeaseObligation1.85M3.38M3.37M1.06M
PensionandOtherPostRetirementBenefitPlansCurrent9.97M10.01M8.40M6.65M
PayablesAndAccruedExpenses17.93M11.58M10.28M14.09M
CurrentAccruedExpenses14.62M11.25M3.14M12.45M
Payables3.31M337.00K7.15M1.64M
AccountsPayable3.31M337.00K7.15M1.64M
TotalAssets316.97M496.19M426.23M429.30M
TotalNonCurrentAssets2.92M17.92M38.28M13.69M
OtherNonCurrentAssets1.21M4.13M201.00K
NonCurrentPrepaidAssets0.007.62M
NonCurrentDeferredAssets2.91M1.83M
InvestmentsAndAdvances0.009.85M23.51M0.00
NetPPE2.92M6.86M10.64M4.04M
AccumulatedDepreciation-2.05M-1.44M-1.06M-598.00K
GrossPPE4.97M8.29M11.70M4.64M
Leases0.0017.00K257.00K
ConstructionInProgress0.0041.00K514.00K215.00K
OtherProperties4.62M7.87M10.62M3.80M
MachineryFurnitureEquipment345.00K384.00K556.00K371.00K
Properties0.000.000.00
CurrentAssets314.06M478.28M387.95M415.60M
OtherCurrentAssets5.26M24.30M
RestrictedCash1.21M0.0050.00K125.00K
PrepaidAssets23.36M15.10M6.03M
Receivables939.00K919.00K200.00K
OtherReceivables939.00K919.00K200.00K
CashCashEquivalentsAndShortTermInvestments307.58M453.98M371.88M409.25M
OtherShortTermInvestments165.43M79.94M130.94M0.00
CashAndCashEquivalents142.15M374.04M240.94M409.25M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-182.94M-163.40M-115.41M-76.24M
RepurchaseOfCapitalStock0.00-491.00K0.000.00
IssuanceOfDebt0.00
IssuanceOfCapitalStock13.69M233.38M112.22M292.14M
CapitalExpenditure-117.00K-511.00K-817.00K
EndCashPosition143.36M375.25M242.21M409.37M
BeginningCashPosition375.25M242.21M409.37M192.10M
ChangesInCash-231.89M133.04M-167.17M217.27M
FinancingCashFlow21.60M231.94M115.74M293.51M
CashFlowFromContinuingFinancingActivities21.60M231.94M115.74M293.51M
NetOtherFinancingCharges-3.80M-744.00K-1.14M
ProceedsFromStockOptionExercised7.91M2.86M4.27M2.51M
NetPreferredStockIssuance0.000.00112.22M291.18M
PreferredStockIssuance0.000.00112.22M291.18M
NetCommonStockIssuance13.69M232.88M0.00960.00K
CommonStockPayments0.00-491.00K0.000.00
CommonStockIssuance13.69M233.38M0.00960.00K
NetIssuancePaymentsOfDebt0.00
NetLongTermDebtIssuance0.00
LongTermDebtIssuance0.00
InvestingCashFlow-70.56M64.39M-168.01M-817.00K
CashFlowFromContinuingInvestingActivities-70.56M64.39M-168.01M-817.00K
NetOtherInvestingChanges-775.00K-4.59M-13.00M
NetInvestmentPurchaseAndSale-69.78M69.09M-154.50M0.00
SaleOfInvestment242.44M178.17M71.87M0.00
PurchaseOfInvestment-312.22M-109.07M-226.37M0.00
NetPPEPurchaseAndSale0.00-117.00K-511.00K-817.00K
PurchaseOfPPE0.00-117.00K-511.00K-817.00K
OperatingCashFlow-182.94M-163.28M-114.90M-75.42M
CashFlowFromContinuingOperatingActivities-182.94M-163.28M-114.90M-75.42M
ChangeInWorkingCapital22.64M-8.90M-6.95M-961.00K
ChangeInOtherCurrentLiabilities-3.38M-3.40M-1.83M-841.00K
ChangeInOtherCurrentAssets0.000.001.37M-3.66M
ChangeInPayablesAndAccruedExpense10.11M5.91M-2.87M5.80M
ChangeInAccruedExpense7.24M6.49M-1.62M6.56M
ChangeInPayable2.87M-581.00K-1.25M-759.00K
ChangeInAccountPayable2.87M-581.00K-1.25M-759.00K
ChangeInPrepaidAssets15.90M-11.40M-3.63M-2.26M
OtherNonCashItems3.31M67.38M15.33M158.09M
StockBasedCompensation39.99M17.24M8.30M4.27M
UnrealizedGainLossOnInvestmentSecurities0.00
AssetImpairmentCharge0.00
AmortizationOfSecurities-5.72M-3.74M-708.00K0.00
DepreciationAmortizationDepletion631.00K668.00K594.00K538.00K
DepreciationAndAmortization631.00K668.00K594.00K538.00K
OperatingGainsLosses-559.00K-53.00K
GainLossOnInvestmentSecurities-559.00K-53.00K
NetIncomeFromContinuingOperations-243.79M-235.93M-130.90M-237.31M
SEC Filings

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

Public Trades for NMRA
Date User Asset Broker Type Position Size Entry Price Patterns