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Home›Stocks›BTAI

BTAI

BioXcel Therapeutics, Inc.

Next earnings Aug 10, 2026 · consensus $-0.52 EPS, $262K rev

Last earnings -5.8% on 2026-05-15

Avoid
$1.31
▲ +4.80%
$1.31▼ -20.61%
over 1Y
L $1.02EODHDH $6.80
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+4.8%
1W+0.8%
1M+0.0%
3M+4.0%
YTD-22.9%
1Y-20.6%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Avoid
Quality
F
Valuation
Fair value
Filings
Clean
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 11 analysts
Buy

Conservative balance sheet (liabilities/equity -1.47x); but revenue fell -71.7% YoY.

Revenue (FY2025) $642K · FY2025

BioXcel Therapeutics, Inc. shows $642K in FY2025 revenue (-71.7% YoY), a -10887.4% net margin.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue—$375K$1.38M$2.27M$642K
Gross profit—————
Operating income-$107M-$160M-$172M-$67.2M-$50.5M
Net income-$107M-$166M-$179M-$59.6M-$69.9M
Diluted EPS-$4.05-$5.92-$98.33-$23.51-$5.73
Net margin—-44201.9%-12974.9%-2630.1%-10887.4%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$117M
EV / EBITDA—
EV / Sales181.7
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-197.1%
FCF yield-162.4%

Quality & risk

ROIC (est.)—
Free cash flow-$57.6M
Total debt$110M
Net cash-$81.2M
Altman Z-Score-26.23 distress
Piotroski F-Score2/8

Capital returns

Buyback yield25.4%
Dividend yield (est.)—
Shareholder yield25.4%
Shares Δ YoY+393.5%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Routine disclosure cadence — no material red flags in recent filings.
  1. 8-K Earnings results2026-05-15
  2. 10-Q Quarterly report2026-05-15
  3. 8-K Unregistered share sales2026-04-17
  4. 8-K Other event2026-04-01
  5. 8-K Earnings results2026-03-27
  6. 10-K Annual report2026-03-27
  7. 8-K Material agreement2026-03-11
  8. 8-K Other event2026-02-12
  9. DEF 14A Proxy statement2025-11-12

Recent filings

all on EDGAR ↗
4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-05-042026-05-22open ↗4Period ending 2026-05-042026-05-22open ↗4Period ending 2026-05-042026-05-22open ↗4Period ending 2026-05-042026-05-22open ↗144Filing2026-05-20open ↗144Filing2026-05-20open ↗144Filing2026-05-20open ↗144Filing2026-05-20open ↗

Quality score

F
ValueGrowthProfitHealthMom.
ValueF
GrowthF
ProfitabilityF
Financial healthF
Momentum—
  • ✗Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✓Liabilities below 2× equity
Revenue
$642K
-71.7% YoY
Net margin
-10887.4%
ROE
—
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$642K-71.7%
Net income-$69.9M-17.3%
Operating income-$50.5M+25.0%
Diluted EPS-$5.73+75.6%
Cash & equivalents$28.4M-4.8%
Total assets$44.9M+17.2%
Total liabilities$140M+6.8%
Stockholders' equity-$95.5M-2.5%
Op.: -7860.0%L/E: -1.47x

Frequently asked

Is BioXcel Therapeutics, Inc. (BTAI) a buy?
BTAI currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Conservative balance sheet (liabilities/equity -1.47x); but revenue fell -71.7% YoY.
What is BioXcel Therapeutics, Inc.'s quality score?
BTAI scores 18.941176470588236/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001720893, latest 10-Q filed 2026-05-15) · EODHD · as of 6/26/2026, 6:59:55 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC

Last 90 days: 0 open-market buys · 4 sales

2026-06-15
Rodriguez Javier
See Remarks
Exercise35.00
2026-06-15
Steinhart Richard I
Chief Financial Officer
Exercise35.00
2026-06-15
Yocca Frank
Chief Scientific Officer
Exercise35.00
2026-06-15
Mehta Vimal
CEO and President
Exercise219.00
2026-05-20
Yocca Frank
Chief Scientific Officer
Sell6.84K @ $1.09$7.43K
2026-05-20
Rodriguez Javier
See Remarks
Sell6.56K @ $1.08$7.11K
2026-05-20
Steinhart Richard I
Chief Financial Officer
Sell6.84K @ $1.09$7.43K
2026-05-20
Mehta Vimal
CEO and President
Sell19.4K @ $1.09$21.1K
2026-05-04
Yocca Frank
Chief Scientific Officer
Exercise17.5K
2026-05-04
Rodriguez Javier
See Remarks
Exercise17.5K
2026-05-04
Steinhart Richard I
Chief Financial Officer
Exercise17.5K
2026-05-04
Mehta Vimal
CEO and President
Exercise49.8K

Earnings history

beat/miss · move
2026-05-15Beat +35.7% est▼ -5.79%8-K ↗
2026-03-27Beat +24.2% est▼ -8.03%8-K ↗
2025-11-12Miss -81.5% est▼ -15.35%8-K ↗
2025-08-12Miss -29.4% est▲ +6.25%8-K ↗
2025-05-12—▼ -3.27%8-K ↗
2025-03-27—▲ +5.96%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
BioXcel Therapeutics, Inc. (BTAI) Expected to Beat Earnings Estimates: Should You Buy?Bullish
finance.yahoo.com· 2026-05-04
H.C. Wainwright Adjusts BioXcel Therapeutics, Inc. (BTAI) Outlook Following Capital Structure ConcernsBullish
finance.yahoo.com· 2026-04-17
BioXcel Therapeutics Announces Virtual Event to Discuss Commercial Launch Plan Based on Market Opportunity Assessment for IGALMI® in the At-Home SettingBullish
globenewswire.com· 2026-04-17
BioXcel Therapeutics Begins Enrollment In DoW-Funded Study Of BXCL501 For Acute Stress ReactionsBearish
nasdaq.com· 2026-04-08
BioXcel Therapeutics Announces Enrollment of First Patients in U.S. Department of War-Funded Study of BXCL501 (Sublingual Dexmedetomidine) for Treatment of Acute Stress ReactionsBearish
globenewswire.com· 2026-04-08
BioXcel Therapeutics Announces Closing of $8.0 Million Registered Direct OfferingBullish
globenewswire.com· 2026-03-11

Vs tracked universe

compare →

1044 tracked peers · median

EDGAR Score19 vs 67
Revenue growth-71.7% vs 7.1%
Net margin-10887.4% vs 10.5%
Return on equity— vs 12.3%
P/E— vs 25.5