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Companies / Healthcare / MapLight Therapeutics, Inc.
MPLT

MapLight Therapeutics, Inc.

HealthcarePharmaceutical Preparations
Ticker MPLTREDWOOD CITY, CAFiscal year ends DecemberBook value per share $52.80Diluted shares 8.7M

MapLight Therapeutics is a clinical-stage biopharmaceutical company focused on developing novel therapeutics for central nervous system disorders. The company was founded by globally recognized leaders in psychiatry and neuroscience research to address the lack of circuit-specific pharmacotherapies available to… From the company’s description.

Fiscal year 2025 · ends 12-31
Sales & profitability
—
0.00%
$-161.15M
-35.16%
Cash & financing
$-138.14M
$-138.61M
—
8.7M

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 MapLight Therapeutics, Inc. does

In the company’s own words

MapLight Therapeutics is a clinical-stage biopharmaceutical company focused on developing novel therapeutics for central nervous system disorders. The company was founded by globally recognized leaders in psychiatry and neuroscience research to address the lack of circuit-specific pharmacotherapies available to patients suffering from debilitating CNS conditions.

MapLight's lead product candidate, ML-007C-MA, is a fixed-dose combination of an M1/M4 muscarinic agonist co-formulated with a peripherally acting anticholinergic designed to activate muscarinic receptors in the brain while mitigating peripheral cholinergic side effects. The company is initially developing ML-007C-MA for schizophrenia and Alzheimer's disease psychosis. ML-007 has been evaluated in four Phase 1 trials involving 270 healthy participants with over 1,500 doses administered. The company is conducting ZEPHYR, a Phase 2 trial for schizophrenia expected to reach target enrollment of 300 participants in April 2026 with topline results anticipated in the third quarter of 2026. VISTA, a Phase 2 trial for Alzheimer's disease psychosis, is expected to report results in the second half of 2027. In December 2025, ML-007C-MA received Fast Track designation from the FDA for treating hallucinations and delusions associated with Alzheimer's disease psychosis.

The company's second product candidate, ML-004, is a 5-HT1B/1D agonist in development for social communication deficits and irritability in autism spectrum disorder. MapLight is also advancing multiple preclinical programs including ML-009, a GPR52 positive allosteric modulator for hyperactivity and impulsivity disorders; ML-055, a next-generation M1/M4 muscarinic agonist; and ML-021, an M4 antagonist for Parkinson's disease motor deficits.

MapLight's differentiated approach leverages three core platform technologies: optogenetics to identify disease-related neural circuits, single-cell transcriptomics to identify druggable targets, and STARmap spatial transcriptomics technology. The company retains global development and commercial rights to all programs in its pipeline. MapLight Therapeutics trades on the NASDAQ exchange and maintains its website at www.maplighttherapeutics.com.

Company details
Sector
Healthcare
Industry
Pharmaceutical Preparations
Headquarters
REDWOOD CITY, CA
Fiscal year end
December
CIK
1770069
SIC
2834

Financial performance, year by year

Fiscal 2025–2025 · USD
$-162.15M$-161.65M$-161.15M$-160.65M$-160.15M2025

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 MapLight Therapeutics, Inc. — and what changed

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

130
funds hold it
0 of 35
superinvestors hold it
$212.45M
held by funds, at market
13.4%
of shares held by funds

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

T. Rowe Price Small-Cap Stock Fund, Inc.
OTCFX · T. ROWE PRICE SMALL-CAP STOCK FUND, INC.
0.24%of fund net assets
T. Rowe Price Small-Cap Value Fund, Inc.
PRSVX · T. ROWE PRICE SMALL-CAP VALUE FUND, INC.
0.21%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.17%of fund net assets
0.02%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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