DRUG

Bright Minds Biosciences Inc.

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$73.02

-1.52 (-2.03%)
Current Price
Previous Close $74.53
Open $74.32
Day High $74.32
Day Low $72.50
Volume 15,356
Fetched: 2026-08-28T15:06:22
Stock Information
Note: Financial values converted from CAD to USD
Shares Outstanding 9.81M
Total Debt $47K
Cash Equivalents $221.44M
Net Income $-17.63M
Sector Healthcare
Industry Biotechnology
Market Cap $714.42M
EPS (TTM) $-1.99
Exchange NCM
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Recent Price History
No history data available. Data will be fetched automatically.
About Bright Minds Biosciences Inc.

Bright Minds Biosciences Inc., a biotechnology company, develops therapeutics to improve the lives of patients with severe and life-altering diseases in the United States. Its portfolio includes 5-HT2 Receptors, which are serotonin agonists for epilepsy and neuropsychiatric disorders; and BMB-101, which has completed phase 1 trial for undisclosed seizure disorder and is in phase 2 clinical trials for the developmental and epileptic encephalopathies and absence epilepsies. The company also develops BMB-201 and BMB-202 for the treatment of neuropsychiatric and neurology indications; and BMB-105, a 5-HT2C agonist to treat Prader Willi Syndrome. Bright Minds Biosciences Inc. has a collaboration with Firefly Neuroscience, Inc. to provide an analysis of the electroencephalogram (EEG) data in the Company's BREAKTHROUGH study. The company was founded in 2017 and is headquartered in New York, New York.

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Income Statement (Annual)
Metric 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Revenue
Total Revenue $0 $0 $0 $0
Operating Revenue $0 $0 $0 $0
Expenses
Total Expenses $10,035,992 $2,032,581 $5,318,712 $10,783,067
Other Income Expense $135,926 $-6,705 $10,217 $7,309
Net Non Operating Interest Income Expense $1,094,119 $21,698 $0 $0
Operating Expense $10,035,992 $2,032,581 $5,318,712 $10,783,067
Other Operating Expenses $207,124 $141,987 $134,401 $175,033
Selling And Marketing Expense $309,383 $29,955 $85,989 $397,379
General And Administrative Expense $1,537,897 $1,010,953 $1,498,028 $1,439,566
Other Non Operating Income Expenses - - - $-175,033
Total Other Finance Cost - - - -
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-8,805,948 $-2,017,588 $-5,308,495 $-10,775,758
Net Interest Income $1,094,119 $21,698 $0 $0
Interest Income $1,094,119 $21,698 $0 $0
Normalized Income $-8,941,874 $-2,010,883 $-5,318,712 $-10,783,067
Net Income From Continuing And Discontinued Operation $-8,805,948 $-2,017,588 $-5,308,495 $-10,775,758
Net Income Common Stockholders $-8,805,948 $-2,017,588 $-5,308,495 $-10,775,758
Net Income $-8,805,948 $-2,017,588 $-5,308,495 $-10,775,758
Net Income Including Noncontrolling Interests $-8,805,948 $-2,017,588 $-5,308,495 $-10,775,758
Net Income Continuous Operations $-8,805,948 $-2,017,588 $-5,308,495 $-10,775,758
Pretax Income $-8,805,948 $-2,017,588 $-5,308,495 $-10,775,758
Interest Income Non Operating $1,094,119 $21,698 $0 $0
Operating Income $-10,035,992 $-2,032,581 $-5,318,712 $-10,783,067
Special Income Charges - $0 $0 $-1,440
Per Share
Diluted EPS $-1.28 $-0.47 $-1.43 $-4.36
Basic EPS $-1.28 $-0.47 $-1.43 $-4.36
Other
Tax Effect Of Unusual Items $0 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-10,116,568 $-1,973,054 $-5,276,760 $-10,786,030
Total Unusual Items $135,926 $-6,705 $10,217 $7,309
Total Unusual Items Excluding Goodwill $135,926 $-6,705 $10,217 $7,309
Reconciled Depreciation $55,350 $52,822 $52,169 $4,347
EBITDA (Bullshit earnings) $-9,980,642 $-1,979,759 $-5,266,543 $-10,778,720
EBIT $-10,035,992 $-2,032,581 $-5,318,712 $-10,783,067
Diluted Average Shares $4,952,657 $3,103,609 $2,678,487 $1,778,841
Basic Average Shares $4,952,657 $3,103,609 $2,678,487 $1,778,841
Diluted NI Availto Com Stockholders $-8,805,948 $-2,017,588 $-5,308,495 $-10,775,758
Gain On Sale Of Security $135,926 $-6,705 $10,217 $8,750
Research And Development $7,981,587 $849,686 $3,600,294 $8,771,090
Selling General And Administration $1,847,280 $1,040,908 $1,584,017 $1,836,945
Other Gand A $1,179,804 $655,389 $665,254 $1,367,964
Salaries And Wages $358,094 $355,564 $832,774 $71,602
Impairment Of Capital Assets - $0 $0 $1,440
Fetched: 2026-08-28
Balance Sheet (Annual)
Metric 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Assets
Net Tangible Assets $59,077,829 $3,986,537 $4,751,157 $7,591,313
Total Assets $60,789,152 $4,395,722 $4,953,392 $8,703,436
Total Non Current Assets $80,624 $84,722 $47,822 $99,991
Current Assets $60,708,527 $4,311,000 $4,905,570 $8,603,446
Prepaid Assets $711,362 $155,987 $19,940 $118,400
Receivables $297,439 $36,165 $26,629 $112,171
Taxes Receivable $151,155 $36,165 $26,629 $82,461
Accrued Interest Receivable $146,284 $0 - -
Cash Cash Equivalents And Short Term Investments $59,699,727 $4,118,849 $4,859,001 $8,372,875
Cash And Cash Equivalents $59,699,727 $4,118,849 $4,859,001 $8,372,875
Cash Equivalents $62,106 $62,106 $62,106 $62,106
Cash Financial $59,637,621 $4,056,743 $4,796,895 $8,310,769
Goodwill And Other Intangible Assets - - - $0
Other Receivables - - - $29,711
Debt
Total Debt $90,568 $85,659 $52,960 $100,745
Long Term Debt And Capital Lease Obligation $29,702 $28,497 $0 $51,833
Current Debt And Capital Lease Obligation $60,866 $57,162 $52,960 $48,913
Liabilities
Total Liabilities Net Minority Interest $1,711,322 $409,184 $202,235 $1,112,123
Total Non Current Liabilities Net Minority Interest $29,702 $28,497 $0 $51,833
Current Liabilities $1,681,620 $380,687 $202,235 $1,060,291
Payables And Accrued Expenses $1,620,755 $323,525 $149,275 $1,011,378
Payables $1,231,523 $293,462 $131,273 $897,480
Accounts Payable $1,231,523 $293,462 $131,273 $897,480
Equity
Common Stock Equity $59,077,829 $3,986,537 $4,751,157 $7,591,313
Total Equity Gross Minority Interest $59,077,829 $3,986,537 $4,751,157 $7,591,313
Stockholders Equity $59,077,829 $3,986,537 $4,751,157 $7,591,313
Gains Losses Not Affecting Retained Earnings $3,869,209 $2,884,853 $2,447,577 $1,785,381
Retained Earnings $-33,539,502 $-24,733,554 $-22,715,965 $-17,407,471
Other Equity Interest - $328,043 $598,976 -
Other
Ordinary Shares Number $5,498,279 $3,257,645 $2,716,144 $2,533,534
Share Issued $5,498,279 $3,257,645 $2,716,144 $2,533,534
Tangible Book Value $59,077,829 $3,986,537 $4,751,157 $7,591,313
Invested Capital $59,077,829 $3,986,537 $4,751,157 $7,591,313
Working Capital $59,026,907 $3,930,313 $4,703,335 $7,543,155
Capital Lease Obligations $90,568 $85,659 $52,960 $100,745
Total Capitalization $59,077,829 $3,986,537 $4,751,157 $7,591,313
Capital Stock $88,748,123 $25,507,195 $24,420,569 $23,213,403
Common Stock $88,748,123 $25,507,195 $24,420,569 $23,213,403
Long Term Capital Lease Obligation $29,702 $28,497 $0 $51,833
Current Capital Lease Obligation $60,866 $57,162 $52,960 $48,913
Current Accrued Expenses $389,231 $30,064 $18,002 $113,898
Net PPE $80,624 $84,722 $47,822 $99,991
Gross PPE $80,624 $84,722 $47,822 $99,991
Leases $80,624 $84,722 $47,822 $99,991
Properties $0 $0 $0 $0
Other Properties - - - $99,991
Fetched: 2026-08-28
Cash Flow Statement (Annual)
Metric 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Free Cash Flow
Free Cash Flow $-6,258,547 $-1,332,258 $-5,057,940 $-9,783,632
Operating Activities
Operating Cash Flow $-6,258,547 $-1,332,258 $-5,057,940 $-9,783,632
Cash Flow From Continuing Operating Activities $-6,258,547 $-1,332,258 $-5,057,940 $-9,783,632
Operating Gains Losses $-225,156 $-7,291 $32,654 $-186,371
Financing Activities
Issuance Of Capital Stock $59,115,734 $648,060 $876,681 $2,905,386
Financing Cash Flow $61,614,314 $583,666 $1,576,720 $3,741,604
Cash Flow From Continuing Financing Activities $61,614,314 $583,666 $1,576,720 $3,741,604
Net Other Financing Charges $-259,323 - $-19,425 $-576,038
Net Common Stock Issuance $59,115,734 $648,060 $876,681 $2,905,386
Common Stock Issuance $59,115,734 $648,060 $876,681 $2,905,386
Other
Repayment Of Debt $-72,115 $-64,612 $-62,006 $-5,157
End Cash Position $59,699,727 $4,118,849 $4,859,001 $8,372,875
Beginning Cash Position $4,118,849 $4,859,001 $8,372,875 $14,228,532
Effect Of Exchange Rate Changes $225,111 $8,439 $-32,654 $186,371
Changes In Cash $55,355,767 $-748,592 $-3,481,220 $-6,042,028
Proceeds From Stock Option Exercised $2,830,018 $217 $781,470 $1,417,413
Net Issuance Payments Of Debt $-72,115 $-64,612 $-62,006 $-5,157
Net Long Term Debt Issuance $-72,115 $-64,612 $-62,006 $-5,157
Long Term Debt Payments $-72,115 $-64,612 $-62,006 $-5,157
Change In Working Capital $399,633 $28,668 $-678,101 $521,424
Change In Payables And Accrued Expense $1,216,282 $174,250 $-862,103 $551,563
Change In Prepaid Assets $-555,375 $-136,047 $98,460 $2,720
Change In Receivables $-261,274 $-9,536 $85,543 $-32,859
Other Non Cash Items $25,815 $6,441 $14,221 $21,187
Stock Based Compensation $2,291,759 $604,691 $829,611 $630,099
Depreciation Amortization Depletion $55,350 $52,822 $52,169 $4,347
Depreciation And Amortization $55,350 $52,822 $52,169 $4,347
Depreciation $55,350 $52,822 $52,169 $4,347
Net Foreign Currency Exchange Gain Loss $-225,156 $-7,291 $32,654 $-186,371
Net Income From Continuing Operations $-8,805,948 $-2,017,588 $-5,308,495 $-10,775,758
Asset Impairment Charge - $0 $0 $1,440
Change In Other Current Liabilities - - - $1,565
Fetched: 2026-08-28