Prime Medicine, Inc. Common Stock

Prime Medicine, Inc. Common Stock

PRME · NASDAQ · Healthcare / Biotechnology

4.27USD+0.38 (+9.77%)

Price History

Full chart

Market Stats

Previous Close3.89
Open4.05
Day Range4.01 – 4.43
52-Week Range2.67 – 6.94
Volume5.95M
Market Cap521.46M
P/E (TTM)0.00
Forward P/E0.00
EPS-1.05
Dividend Yield0.00%
Beta2.35
50-Day Avg3.23
200-Day Avg3.51

About

Prime Medicine, Inc., a biotechnology company, engages in delivering genetic medicines to address the spectrum of diseases by deploying gene editing technology in the United States. Its lead therapeutic product candidate is PM359 for Chronic Granulomatous Disease, which is in Phase 1/2 clinical trial; PM577 for Wilson Disease, that is in preclinical studies; and PM647 to treat genetic disorder caused by mutations in the SERPINA1 gene, resulting in production of misfolded Z-AAT protein that accumulates in the liver and leads to hepatocellular injury, cirrhosis, and increased risk of hepatocellular carcinoma. The company also provides vivo programs targeting diseases of the liver, and Cystic Fibrosis programs. In addition, it offers Prime Editing technology comprising a programmable DNA binding domains, such as Cas domains, are typically modified such that they do not cause a double-stranded break in the DNA, as well as a RT domain that copies the edited DNA sequence directly into the target genomic site where the edit is made; and pegRNA which contains a search sequence, also known as a spacer, which provides a target genomic address for the Prime Editor. The company has a research collaboration and license agreement with BMS; Cystic Fibrosis Foundation; Broad Institute; and Beam. Prime Medicine, Inc. was incorporated in 2019 and is headquartered in Cambridge, Massachusetts.

Company Details

  • SectorHealthcare
  • IndustryBiotechnology
  • CEODr. Allan Reine M.D.
  • Employees146
  • Headquarters60 First Street, Cambridge, MA, United States, 02141, USA
  • Websitehttps://primemedicine.com

Leadership

  • Mr. Jeffrey D. Marrazzo M.B.A., M.P.A.Executive Chair · b. 1979
  • Dr. Allan Reine M.D.CEO & Director · b. 1975
  • Dr. Ann L. Lee Ph.D.Chief Technical Officer · b. 1962
  • Dr. Andrew Anzalone M.D., Ph.D.Co-Founder & Head of Platform · b. 1987
  • Dr. David R. Liu Ph.D.Co-Founder & Member of Scientific Advisory Board
  • Ms. Svetlana MakhniChief Financial Officer · b. 1984
  • Mr. Ryan E. Brown J.D.Chief Legal Officer · b. 1979
  • Ms. Niamh AlixChief Human Resources Officer
  • Mr. Mohammed Asmal M.D., Ph.D.Chief Medical Officer
  • Dr. Matthew J. Hawryluk M.B.A., Ph.D.Chief Business Officer · b. 1979

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue-5.21M05.21M02.98M4.63M
Growth (%)---100.00%--100.00%-+55.28%
Cost of Revenue2.76M2.98M4.86M12.01M4.65M6.13M7.32M
Gross Profit-2.76M2.23M-4.86M-12.01M-4.65M2.98M-2.69M
Gross Margin-42.80%--230.60%-100.00%-58.05%
Operating Expense-588.00K3.16M79.61M104.53M200.14M205.45M205.66M
Operating Income-2.17M-932.00K-84.47M-116.54M-204.79M-202.47M-208.35M
Operating Margin--17.89%--2236.93%--6787.36%-4498.06%
EBITDA-2.17M-889.00K-165.28M-120.55M-186.64M-189.75M-195.76M
EBITDA Margin--17.06%--2313.72%--6361.18%-4226.21%
Net Income-2.53M-3.41M-165.37M-121.82M-198.13M-195.88M-201.14M
Net Income Margin--65.45%--2338.21%--6566.61%-4342.44%
R&D920.00K2.98M70.55M86.72M147.91M155.29M160.64M
R&D as % of Total Revenue-57.20%-1664.59%-5205.80%3467.96%
Interest Expense-10.26M81.77M12.13M---
Interest Expense % of Total Revenue-196.85%-232.80%---

Balance Sheet

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets8.70M54.78M301.86M360.31M193.85M297.51M342.73M
Total Liabilities7.31M21.31M62.30M44.04M60.78M144.36M221.87M
Total Equity1.39M33.47M239.56M316.27M133.07M153.15M120.87M
Cash8.65M36.98M185.42M187.62M41.57M182.48M63.03M
Total Debt-17.52M10.41M28.75M13.63M40.79M116.43M
Net Debt-8.65M-36.98M-175.01M-158.88M-27.94M-141.68M53.40M

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-1.33M-5.54M-34.08M-131.83M-165.41M-122.86M-162.56M
Investing Cash Flow-1.06M-1.06M-73.63M-47.10M18.71M68.46M-108.76M
Financing Cash Flow9.98M34.93M269.28M181.49M655.00K195.88M151.51M
Capital Expenditure639.00K639.00K4.15M16.09M8.72M7.29M4.53M
Free Cash Flow-1.33M-6.18M-38.23M-147.92M-174.14M-130.16M-167.09M
FCF to OCF100.00%111.53%112.18%112.21%105.27%105.94%102.79%

Earnings

Report DateDec 20, 2021May 6, 2022Nov 14, 2022Mar 9, 2023May 11, 2023Aug 7, 2023Nov 3, 2023Mar 1, 2024May 10, 2024Aug 8, 2024Nov 12, 2024Feb 28, 2025May 8, 2025Aug 7, 2025Nov 7, 2025Mar 3, 2026May 7, 2026Aug 6, 2026Nov 6, 2026
EPS Estimate0.000.00-0.55-0.65-0.41-0.42-0.46-0.51-0.46-0.39-0.42-0.49-0.31-0.36-0.25-0.26-0.25-0.24-0.23
EPS Actual-0.24-0.32-1.61-0.56-0.44-0.47-0.55-0.72-0.44-0.46-0.44-0.31-0.40-0.41-0.32-0.24-0.28-0.24-
Surprise---192.73%13.85%-7.32%-11.90%-19.57%-41.18%4.35%-17.95%-4.76%36.73%-29.03%-13.89%-28.00%6.90%-12.00%0.00%-
Timing--After-hoursPre-marketPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketAfter-hours-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap521.46M
Enterprise Value622.86M
Trailing P/E0.00
Forward P/E0.00
Price / Sales128.03
Price / Book0.28
EPS-1.05
Book Value0.225
Revenue (TTM)4.07M
Gross Profit (TTM)-142.13M
EBITDA-189.12M
Profit Margin0.00%
Operating Margin-3750.87%
Return on Equity-373.29%
Return on Assets-46.52%
Shares Outstanding181.38M
Shares Float112.25M
Beta2.35
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 12 analystsTarget 7.11
  • Strong Buy
    6
  • Buy
    2
  • Hold
    4

Ownership Breakdown

Institutions
70.97%
Insiders
23.66%
Retail / Other
5.37%

Top Institutional Holders

  • Alphabet Inc
    16.56M9.13%
  • BlackRock Inc
    8.50M4.69%
  • State Street Corp
    6.35M3.50%
  • ARK Investment Management LLC
    6.25M3.44%
  • T. Rowe Price Investment Management,Inc.
    5.48M3.02%
  • Vanguard Capital Management, LLC
    4.47M2.47%
  • Balyasny Asset Management LLC
    4.12M2.27%
  • Casdin Capital, LLC
    3.17M1.75%
  • Woodline Partners LP
    3.00M1.66%
  • UBS Group AG
    2.89M1.59%
  • Geode Capital Management, LLC
    2.74M1.51%
  • Sumitomo Mitsui Trust Group Inc
    2.41M1.33%
  • Amova Asset Management Americas, Inc
    2.41M1.33%
  • Citadel Advisors Llc
    2.05M1.13%

Top Fund Holders

  • ARK Genomic Revolution ETF
    7.96M4.39%
  • State Street® SPDR® S&P® Biotech ETF
    5.52M3.04%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.12M1.72%
  • Amova ARK Pstv Chg Innovt P JPY Acc
    2.57M1.42%
  • ARK Venture D
    2.48M1.37%
  • iShares Russell 2000 ETF
    2.47M1.36%