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Companies / Health Care / Praxis Precision Medicines, Inc.
PRAX

Praxis Precision Medicines, Inc.

Health CarePharmaceutical Preparations
Ticker PRAXBOSTON, MAFiscal year ends DecemberBook value per share $46.23Diluted shares 29.0M

Praxis Precision Medicines (Nasdaq: PRAX) is a clinical-stage biopharmaceutical company developing therapies for central nervous system disorders associated with imbalances in neuronal excitation and inhibition. It applies genetic insights from epilepsy to potential treatments for epilepsy and movement disorders,… From the company’s description.

In fiscal 2025, Praxis Precision Medicines, Inc. reported revenue of $0.00M, down 100.0% from fiscal 2024, and a net loss of $303.27M. Operations used $249.07M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$0.00MFY2025
−100.0% year over year
0.00%FY2025
$-303.27MFY2025
−65.9% year over year
Last 12 mo $-339.13M
-34.54%FY2025
+6.5 percentage points
Last 12 mo -25.29%
Cash & financing
$-249.07MFY2025
−89.0% year over year
Last 12 mo $-305.08M
$-249.12MFY2025
−89.1% year over year
Last 12 mo $-306.16M
—
22.5MFY2025
+25.7% year over year
Last 12 mo 29.0M

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 Praxis Precision Medicines, Inc. does

In the company’s own words

Praxis Precision Medicines (Nasdaq: PRAX) is a clinical-stage biopharmaceutical company developing therapies for central nervous system disorders associated with imbalances in neuronal excitation and inhibition. It applies genetic insights from epilepsy to potential treatments for epilepsy and movement disorders, using two proprietary discovery platforms: Cerebrum™, for small-molecule medicines, and Solidus™, for antisense oligonucleotides. Its clinical-stage candidates include ulixacaltamide for essential tremor, relutrigine for developmental and epileptic encephalopathies, vormatrigine for focal-onset seizures and generalized epilepsy, and elsunersen for SCN2A-related epilepsy. Ulixacaltamide and relutrigine are small molecules, while vormatrigine is an oral small molecule and elsunersen is an antisense oligonucleotide. The Solidus platform also includes preclinical programs targeting PCDH19, SYNGAP1 and SCN2A. The company’s development portfolio spans rare genetic epilepsies, common epilepsies and movement disorders; it reports its business through its research and development activities rather than separate reportable segments. Its website is https://praxismedicines.com.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
BOSTON, MA
Fiscal year end
December
CIK
1689548
SIC
2834

Financial performance, year by year

Fiscal 2020–2025 · USD
$-373.89M$-269.59M$-165.29M$-60.98M$43.32M202020212022202320242025Last 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 Praxis Precision Medicines, Inc. — and what changed

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

396
funds hold it
1 of 35
superinvestors hold it
$3.67B
held by funds, at market
39.3%
of shares held by funds

Superinvestors in Praxis Precision Medicines, Inc. · what they did last quarter

Polen CapitalDECREASED -27.8%
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Praxis Precision Medicines, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.26%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.11%of fund net assets
1.29%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.20%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”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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

Put this business in context.

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