First Tracks Biotherapeutics, Inc. (TRAX)
First Tracks Biotherapeutics, Inc., situated in San Diego, California, specializes in pioneering new immunology-based treatments. The firm is actively involved in the discovery and progression of therapeutics aimed at combating autoimmune and inflammatory disorders, currently advancing programs like rosnilimab, ANB033, and ANB101 through their clinical stages.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
First Tracks Biotherapeutics Inc
NASDAQ:TRAXHealthcare · Biotechnology
+2.11%$44.05
AH Close$43.97-0.18%vs close
AH Close$43.97-0.18%vs close
Mkt Cap$1.57B
Float32.42M
O/S35.73M
Inst Own95.1%
SI16.0%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$166.09M
Total Assets$330.55M
Free Cash Flow-$143.01M
Debt & Equity
Debt 5%
Equity 95%
Total Debt$14.11M
Total Equity$287.49M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TRAX's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$330.55M
Liabilities$43.05M
Accounts Receivable$0
Accounts Payable$3.11M
Inventory$0
PP&E (Net)$13.89M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Revenue | $0 | $0 | $0 |
| YoY Growth | - | - | - |
| Cost of Revenue | $139.61M | $152.34M | $0 |
| Gross Profit | -$139.61M | -$152.34M | $0 |
| Gross Margin | - | - | - |
| Research and Development | $139.61M | $152.34M | $97.59M |
| Selling, General, and Administrative | $39.39M | $28.76M | $20.87M |
| Other | -$139.61M | -$152.34M | $0 |
| Total Operating Expenses | $39.39M | $28.76M | $118.46M |
| Operating Income (EBIT) | -$179.01M | -$181.1M | -$118.46M |
| Operating Margin | - | - | - |
| Interest Expense | $0 | $0 | $0 |
| Interest Income | $12.94M | $17.38M | $12.31M |
| Other Income (Expense) | $12.92M | $17.4M | $12.31M |
| Income Before Tax (EBT) | -$166.09M | -$163.71M | -$106.15M |
| Income Tax Expense | $0 | $0 | $0 |
| Net Income | -$166.09M | -$163.71M | -$106.15M |
| Net Income Margin | - | - | - |
| Supplementary Data | |||
| EPS | 0.00 | 0.00 | -3.05 |
| Diluted EPS | 0.00 | 0.00 | -3.05 |
| Weighted Average OS | 34.75M | 34.75M | 34.75M |
| EBITDA | -$176.58M | -$178.7M | -$116.08M |
| EBITDA Margin | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $238.2M | $123.08M | $35.97M |
| Short-Term Investments | $73.44M | $262.29M | $354.94M |
| Cash and Short-Term Investments | $311.64M | $385.37M | $390.9M |
| Accounts Receivable | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 |
| Total Current Assets | $316.4M | $389.93M | $398.56M |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $13.89M | $16.23M | $18.27M |
| Goodwill | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 |
| Long-Term Investments | $0 | $35.47M | $27.03M |
| Deferred Tax Assets | $0 | $0 | $0 |
| Other Long-Term Assets | $256K | $256K | $256K |
| Total Long-Term Assets | $14.14M | $51.96M | $45.55M |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $330.55M | $441.89M | $444.11M |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $3.11M | $3.79M | $2.42M |
| Short-Term Debt | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $7.42M | $4.59M |
| Total Current Liabilities | $31.02M | $36.18M | $18.22M |
| Long-Term Liabilities | |||
| Long-Term Debt | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 |
| Total Long-Term Liabilities | $12.03M | $14.11M | $16.04M |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $43.05M | $50.3M | $34.26M |
| Stockholders' Equity | |||
| Preferred Stock | $0 | $0 | $0 |
| Common Stock | $287.51M | $391.29M | $410.65M |
| Retained Earnings | $0 | $0 | $0 |
| Comprehensive Income & Other | -$24K | $305K | -$797K |
| Other Stockholders' Equity | -$24K | $305K | -$797K |
| Total Equity | $287.49M | $391.6M | $409.85M |
| Minority Interest | $0 | $0 | $0 |
| Total Liabilities and Equity | $330.55M | $441.89M | $444.11M |
| Supplementary Data | |||
| Total Debt | $14.11M | $16.04M | $17.81M |
| Net Debt | -$224.08M | -$107.04M | -$18.15M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Operating Activities | |||
| Net Income | -$166.09M | -$163.71M | -$106.15M |
| Depreciation & Amortization | $2.42M | $2.4M | $2.38M |
| Deferred Income Tax | $0 | $0 | $0 |
| Stock-Based Compensation | $32.3M | $26.83M | $18.39M |
| Changes in Working Capital: | |||
| Accounts Receivable | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 |
| Accounts Payable | $0 | $17.81M | $8.39M |
| Other Working Capital | -$1.52M | $1.18M | -$5.49M |
| Total Working Capital Change | -$1.52M | $18.99M | $2.9M |
| Other Non-Cash Items | -$10.04M | -$10.31M | -$10.52M |
| Net Cash from Operating | -$142.93M | -$125.81M | -$93M |
| Investing Activities | |||
| Capital Expenditures | -$87K | -$358K | -$807K |
| Acquisitions | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$380.38M | -$303.92M |
| Sales of Investments | $0 | $476.13M | $449.48M |
| Other Investing Activities | $228.12M | $0 | $0 |
| Net Cash from Investing | $228.03M | $95.4M | $144.75M |
| Financing Activities | |||
| Debt Repaid | - | - | - |
| Common Stock Issuance | $0 | $117.52M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 |
| Other Financing Activities | $30.01M | $0 | $0 |
| Net Cash from Financing | $30.01M | $117.52M | -$87.09M |
| Forex Effect | $0 | $0 | $0 |
| Net Change in Cash | $115.12M | $87.11M | -$35.34M |
| Supplementary Data | |||
| Operating Cash Flow | -$142.93M | -$125.81M | -$93M |
| Capital Expenditure | -$87K | -$358K | -$807K |
| Free Cash Flow | -$143.01M | -$126.16M | -$93.81M |
| Cash at Beginning | $123.08M | $35.97M | $71.31M |
| Cash at End | $238.2M | $123.08M | $35.97M |