BioXcel Therapeutics, Inc. financials
Source: EDGAR filings · Built 2026-06-19T00:35:23Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -57.62M | -72.03M | -155.03M | -135.48M | -82.60M | -66.67M |
| EBITDA | -50.16M | -66.94M | -171.46M | -159.32M | -106.64M | -82.11M |
| Working Capital | -9.24M | 15.16M | 44.88M | 169.97M | 220.15M | 205.22M |
| Net Debt | 81.24M | 73.09M | 36.16M | -99.57M | -231.57M | -211.48M |
| Gross Margin | 74.45% | 5.43% | 8.70% | 94.67% | — | — |
| Operating Margin | -7859.97% | -2967.56% | -12447.97% | -42572.00% | — | — |
| Net Margin | -10887.38% | -2630.14% | -12974.86% | -44201.87% | — | — |
| Return on Equity (ROE) | 73.22% | 64.02% | 316.86% | -215.90% | -48.24% | -39.75% |
| Return on Assets (ROA) | -155.62% | -155.46% | -242.94% | -80.52% | -44.66% | -37.36% |
| Current Ratio | 0.83× | 1.68× | 2.65× | 6.17× | 14.21× | 18.33× |
| Debt-to-Equity | -1.15× | -1.11× | -1.79× | 1.23× | 0.01× | 0.01× |
| Cash Conversion Ratio | 0.82× | 1.21× | 0.87× | 0.82× | 0.77× | 0.81× |
| Accruals Ratio | -0.27× | 0.32× | -0.33× | -0.15× | -0.10× | -0.07× |
| SBC % of Revenue | 431.00% | 271.67% | 1348.84% | 4623.20% | — | — |
| CapEx Coverage | — | — | -7750.30× | -973.68× | -184.61× | -209.97× |
| Free Cash Flow Per Share | $-4.72 | $-28.41 | $-85.13 | $-4.84 | $-3.13 | $-3.07 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 642.00K | 2.27M | 1.38M | 375.00K | — | — |
| Cost of Goods and Services Sold | 164.00K | 2.14M | 1.26M | 20.00K | — | — |
| Research and Development Expense | 30.25M | 30.43M | 84.33M | 91.24M | 52.71M | 57.99M |
| Selling, General and Administrative Expense | 20.49M | 34.49M | 83.41M | 68.76M | 54.23M | — |
| Operating Expenses | — | — | — | — | 106.94M | 82.30M |
| Operating Income (Loss) | -50.46M | -67.25M | -171.78M | -159.65M | -106.94M | -82.30M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | — | — | — |
| Net Income (Loss) Attributable to Parent | -69.90M | -59.60M | -179.05M | -165.76M | -106.93M | -82.17M |
| Earnings Per Share, Basic | $-5.73 | $-23.51 | $-98.33 | $-5.92 | $-4.05 | $-3.79 |
| Weighted Average Number of Shares Outstanding, Basic | 12.21M | 2.54M | 1.82M | 28.02M | 26.37M | 21.68M |
| Earnings Per Share, Diluted | $-5.73 | $-23.51 | $-98.33 | $-5.92 | $-4.05 | $-3.79 |
| Weighted Average Number of Shares Outstanding, Diluted | 12.21M | 2.54M | 1.82M | 28.02M | 26.37M | 21.68M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 28.41M | 29.85M | 65.22M | 193.72M | 232.97M | 213.12M |
| Assets, Current | 44.69M | 37.39M | 72.14M | 202.87M | 236.81M | 217.06M |
| Assets | 44.92M | 38.34M | 73.70M | 205.85M | 239.44M | 219.94M |
| Long-term Debt | 109.59M | 102.51M | — | — | — | — |
| Liabilities, Current | 53.93M | 22.23M | 27.27M | 32.90M | 16.67M | 11.84M |
| Long-term Debt, Excluding Current Maturities | 84.66M | 102.51M | 100.60M | 93.05M | — | — |
| Liabilities | 140.38M | 131.44M | 130.21M | 129.08M | 17.77M | 13.24M |
| Stockholders' Equity Attributable to Parent | -95.46M | -93.10M | -56.51M | 76.78M | 221.67M | 206.70M |
| Common Stock, Shares, Outstanding | 22.33M | 3.10M | 1.87M | 28.15M | 27.98M | 24.42M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -57.62M | -72.03M | -155.01M | -135.34M | -82.15M | -66.35M |
| Payments to Acquire Property, Plant, and Equipment | 0 | 0 | 20.00K | 139.00K | 445.00K | 316.00K |
| Net Cash Provided by (Used in) Investing Activities | 0 | 0 | -20.00K | -139.00K | -445.00K | -316.00K |
| Payments for Repurchase of Common Stock | — | — | — | — | — | 9.02M |
| Net Cash Provided by (Used in) Financing Activities | 56.52M | 36.66M | 26.52M | 96.24M | 102.45M | 247.36M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -11.81M | -14.21M | -43.41M | -24.62M | -12.04M | -14.81M |
| EBITDA | -10.16M | -10.21M | -14.15M | -15.78M | -10.02M | -10.42M |
| Working Capital | -21.09M | -9.24M | 6.60M | -8.13M | 12.23M | 15.16M |
| Net Debt | 83.11M | 81.24M | 73.11M | 91.51M | 74.86M | 73.09M |
| Gross Margin | -37.38% | 87.50% | 88.78% | 10.83% | 91.67% | -127.32% |
| Operating Margin | -4962.62% | -4016.41% | -14518.37% | -13210.00% | -6011.31% | -2866.94% |
| Net Margin | -6160.68% | -4900.39% | -31541.84% | -15989.17% | -4317.86% | -2966.94% |
| Return on Equity (ROE) | 12.02% | 13.14% | 34.76% | 17.82% | 8.04% | 11.66% |
| Return on Assets (ROA) | -37.30% | -27.93% | -69.01% | -74.40% | -18.81% | -28.32% |
| Current Ratio | 0.62× | 0.83× | 1.17× | 0.76× | 1.48× | 1.68× |
| Debt-to-Equity | -0.95× | -1.15× | -1.23× | -1.01× | -1.17× | -1.11× |
| Cash Conversion Ratio | 0.93× | 1.13× | 1.40× | 1.28× | 1.66× | 1.36× |
| Accruals Ratio | -0.03× | 0.04× | 0.28× | 0.21× | 0.12× | 0.10× |
| SBC % of Revenue | 211.16% | 175.78% | 2364.29% | 1446.67% | 107.14% | -54.37% |
| Free Cash Flow Per Share | $-0.50 | $-1.16 | $-3.06 | $-3.14 | $-2.49 | $-5.84 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 206.00K | 256.00K | 98.00K | 120.00K | 168.00K | 366.00K |
| Cost of Goods and Services Sold | 283.00K | 32.00K | 11.00K | 107.00K | 14.00K | 832.00K |
| Research and Development Expense | 2.96M | 6.70M | 8.74M | 10.26M | 4.55M | 5.90M |
| Selling, General and Administrative Expense | 7.19M | 3.81M | 5.38M | 5.61M | 5.70M | 4.09M |
| Operating Income (Loss) | -10.22M | -10.28M | -14.23M | -15.85M | -10.10M | -10.49M |
| Net Income (Loss) Attributable to Parent | -12.69M | -12.54M | -30.91M | -19.19M | -7.25M | -10.86M |
| Earnings Per Share, Basic | $-0.54 | $0.65 | $-2.18 | $-2.45 | $-1.50 | $-2.91 |
| Weighted Average Number of Shares Outstanding, Basic | 23.57M | 12.21M | 14.20M | 7.84M | 4.83M | 2.54M |
| Earnings Per Share, Diluted | $-0.54 | $0.65 | $-2.18 | $-2.45 | $-1.50 | $-2.91 |
| Weighted Average Number of Shares Outstanding, Diluted | 23.57M | 12.21M | 14.20M | 7.84M | 4.83M | 2.54M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 17.18M | 28.41M | 36.18M | 17.43M | 31.01M | 29.85M |
| Assets, Current | 33.91M | 44.69M | 44.40M | 25.24M | 37.78M | 37.39M |
| Assets | 34.02M | 44.92M | 44.79M | 25.79M | 38.57M | 38.34M |
| Long-term Debt | 100.29M | 109.59M | 109.13M | 108.69M | 105.53M | 102.51M |
| Liabilities, Current | 54.99M | 53.93M | 37.80M | 33.38M | 25.55M | 22.23M |
| Long-term Debt, Excluding Current Maturities | 77.86M | 84.66M | 92.30M | 97.47M | 99.92M | 102.51M |
| Liabilities | 139.57M | 140.38M | 133.71M | 133.46M | 128.74M | 131.44M |
| Stockholders' Equity Attributable to Parent | -105.54M | -95.46M | -88.92M | -107.67M | -90.17M | -93.10M |
| Common Stock, Shares, Outstanding | 27.07M | 22.33M | 20.00M | 6.62M | 5.47M | 3.10M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -11.81M | -14.21M | -43.41M | -24.62M | -12.04M | -14.81M |
| Payments to Acquire Property, Plant, and Equipment | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Provided by (Used in) Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | 232.00K | 5.65M | 50.87M | 13.34M | 13.20M | 4.28M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (BTAI CIK 0001720893),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
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description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.