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Companies / Health Care / BioXcel Therapeutics, Inc.
BTAIQ

BioXcel Therapeutics, Inc.

Health CarePharmaceutical Preparations
Ticker BTAIQNEW HAVEN, CTFiscal year ends DecemberBook value per share $-4.28Diluted shares 27.0M

BioXcel Therapeutics, Inc. is a biopharmaceutical company developing medicines in neuroscience, with its wholly owned subsidiary, OnkosXcel Therapeutics, focused on immuno-oncology. Its lead neuroscience product is IGALMI®, an FDA-approved sublingual dexmedetomidine film for the acute treatment of agitation associated… From the company’s description.

Over the twelve months to Jun 30, 2026, BioXcel Therapeutics, Inc. reported revenue of $0.74M, down 14.5% from a year earlier, and a net loss of $70.86M. Operations used $50.90M in cash. In fiscal 2025, it reported revenue of $0.64M, down 71.7% from fiscal 2024, and a net loss of $69.90M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$0.64MFY2025
−71.7% year over year
Last 12 mo $0.74M
-7859.97%FY2025
−4892.4 percentage points
Last 12 mo -6054.72%
$-69.90MFY2025
−17.3% year over year
Last 12 mo $-70.86M
73.22%FY2025
+9.2 percentage points
Last 12 mo 61.37%
Cash & financing
$-57.62MFY2025
+20.0% year over year
Last 12 mo $-50.90M
$-57.62MFY2025
+20.0% year over year
Last 12 mo $-50.90M
-1.15FY2025
Was -1.10× a year earlier
Last 12 mo -0.90
12.2MFY2025
+381.6% year over year
Last 12 mo 27.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What BioXcel Therapeutics, Inc. does

In the company’s own words

BioXcel Therapeutics, Inc. is a biopharmaceutical company developing medicines in neuroscience, with its wholly owned subsidiary, OnkosXcel Therapeutics, focused on immuno-oncology. Its lead neuroscience product is IGALMI®, an FDA-approved sublingual dexmedetomidine film for the acute treatment of agitation associated with schizophrenia or bipolar I or II disorder in adults; the company is also developing BXCL501 for additional agitation settings, including at-home use and Alzheimer’s-related dementia. OnkosXcel’s lead candidate, BXCL701, is an investigational oral immune activator being studied for aggressive prostate and pancreatic cancers and other tumors. The company uses artificial intelligence and machine-learning methods to identify new uses for existing drugs and clinical candidates, although investment in its AI platform has been reduced. IGALMI is supplied through existing distribution channels, with limited commercial resources, and the company is seeking potential commercial partners. Net revenue from IGALMI product sales was $0.6 million in 2025. Its website is www.bioxceltherapeutics.com.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
NEW HAVEN, CT
Fiscal year end
December
CIK
1720893
SIC
2834

Financial performance, year by year

Fiscal 2018–2025 · USD
$-197.18M$-142.79M$-88.39M$-34.00M$20.40M20182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns BioXcel Therapeutics, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

11
funds hold it
0 of 35
superinvestors hold it
$1.73M
held by funds, at market

Largest fund holders · BioXcel Therapeutics, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.01%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
Select Biotechnology Portfolio
FBIOX · Fidelity Select Portfolios
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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