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Companies / Healthcare / Lantern Pharma Inc.
LTRN

Lantern Pharma Inc.

HealthcarePharmaceutical Preparations
Ticker LTRNDALLAS, TXFiscal year ends DecemberBook value per share $-0.27Diluted shares 11.8M

Lantern Pharma Inc. (NASDAQ: LTRX) is an artificial intelligence-focused biopharmaceutical company dedicated to developing cancer therapies and transforming the cost, pace, and timeline of oncology drug discovery and development. The company operates through its proprietary RADR® platform, an advanced artificial… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%
$-17.12M
+17.6% year over year
Last 12 mo $-18.65M
-262.00%
−163.9 percentage points
Last 12 mo 579.77%
Cash & financing
$-15.68M
+12.0% year over year
Last 12 mo $-14.08M
$-15.68M
+12.0% year over year
Last 12 mo $-14.08M
—
10.9M
+1.3% year over year
Last 12 mo 11.8M

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 Lantern Pharma Inc. does

In the company’s own words

Lantern Pharma Inc. (NASDAQ: LTRX) is an artificial intelligence-focused biopharmaceutical company dedicated to developing cancer therapies and transforming the cost, pace, and timeline of oncology drug discovery and development. The company operates through its proprietary RADR® platform, an advanced artificial intelligence and machine learning system that currently encompasses more than 200 billion oncology-focused data points and employs a library of over 200 advanced machine learning algorithms. RADR® integrates multi-omic data, drug efficacy information, historical study data, scientific literature, phenotypic trial data, and mechanistic pathway information to identify biologically relevant genomic signatures correlated to drug response and identify cancer patients most likely to benefit from specific compounds.

Lantern's development portfolio includes three clinical-stage small molecule drug candidates: LP-300, LP-184, and LP-284, which target various solid tumors and hematological cancers including non-small cell lung cancer, triple negative breast cancer, glioblastoma, pancreatic cancer, and non-Hodgkin's lymphoma. The company established Starlight Therapeutics, a wholly-owned subsidiary, to focus exclusively on central nervous system and brain cancer indications. Additionally, Lantern is advancing an antibody-drug conjugate program in preclinical research optimization.

The company's strategy combines developing new drug candidates using its RADR® platform with rescuing previously failed drug candidates that demonstrate well-tolerated profiles and limited antitumor activity. This dual approach leverages artificial intelligence, genomics, and computational biology to reduce development risk and accelerate clinical trial processes. Lantern has established collaborations with academic institutions and clinical translational centers to validate drug activity and identify associated gene signatures.

In January 2026, Lantern introduced withZeta.ai, a generative AI platform designed to accelerate rare cancer research and drug development by combining proprietary knowledge bases with autonomous task completion. The company also offers PredictBBB, a web application predicting blood-brain barrier permeability with 94% accuracy. Lantern plans to commercialize select RADR® AI modules and related technologies as revenue-generating services for the broader research and drug development community through subscriptions and collaborative partnerships. The company maintains an extensive multi-national intellectual property portfolio comprising over 200 active patents and patent applications across 20 patent families. More information is available at www.lanternpharma.com.

Company details
Sector
Healthcare
Industry
Pharmaceutical Preparations
Headquarters
DALLAS, TX
Fiscal year end
December
CIK
1763950
SIC
2834

Financial performance, year by year

Fiscal 2020–2025 · USD
$-22.27M$-17.81M$-13.34M$-8.88M$-4.42M202020212022202320242025Last 12 moLast 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 Lantern Pharma Inc. — and what changed

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

13
funds hold it
0 of 35
superinvestors hold it
$2.21M
held by funds, at market
4.3%
of shares held by funds

Largest fund holders · Lantern Pharma 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
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets
Horizon Kinetics Medical ETF
MEDX · Listed Funds Trust
0.55%of fund net assets
Fidelity Total Market Index Fund
FSKAX · Fidelity Concord Street Trust
0.00%of fund net assets

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

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

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

Connected research

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