Definium Therapeutics, Inc.

Definium Therapeutics, Inc.

DFTX
Definium Therapeutics, Inc.US flagNASDAQ Global Select
35.17
USD
+2.20
- -
4.73BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
-1.91
-3.4
-1.84
-2.44
-1.54
-2.06
-3.48
Free Cash Flow per Basic Share
-1.33
-1.67
-1.62
-1.64
-1.12
-1.47
-1.65
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
3.71
5.4
3.97
1.9
3.21
3.36
6.92
Tangible Book Value per Share
3.71
4.44
3.35
1.4
2.95
3.16
6.77
Basic Weighted Avg Shares
18
27
31
39
70
89
102
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
3
3
3
1
- -
- -
Net Income, GAAP
-34
-93
-57
-96
-109
-184
-354
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
Working Capital
79
127
128
72
243
353
935
LT Debt
- -
- -
- -
14
22
41
36
Total Equity
76
152
151
78
241
332
919
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-81.78
-37.54
-83.59
-68.01
-64.06
-64.09

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
41
41
36
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
99
104
133
Market Capitalization
1,323
1,966
6,244

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
419
381
1,092
Cash, Cash Equivalents & STI
412
373
1,084
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
67
81
157
Payables & Accruals
16
24
24
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
59.57%
37.64%
Free Cash Flow
- -
44.24%
66.26%
Net Income, GAAP
- -
57.28%
69.12%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.14
-0.08
-0.18
-0.41
-1.54
2025
-0.27
-0.5
-0.78
- -
-2.06
2026
-0.71
-1.44
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Robert Barrow
Full Time Employees
106
Sector
Healthcare
Industry
Biotechnology
Address
One World Trade Center New York NY United States of America 10007
IPO Date
Nov 15, 2016
Business
Definium Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing psychedelic-inspired therapeutics and brain-health medicines for psychiatric and neurodevelopmental disorders, including generalized anxiety disorder, autism spectrum disorder, and related conditions. Headquartered in New York, NY, the company operates primarily in the United States with a focus on late-stage clinical development and preparation for potential commercialization. Main Products and Services - Lead product candidates: DT120 (also referred to as DT120 ODT), an orally disintegrating tablet formulation in Phase 3 programs for generalized anxiety disorder (GAD) and major depressive disorder (MDD); MM120 (formerly MM-120), a lysergide D-tartrate derivative in development for generalized anxiety disorder and a subperceptual dosing approach for ADHD; DT402 (R-enantiomer of MDMA), studied in Phase 2a trials for autism spectrum disorder (ASD) core symptoms. - Early-stage pipeline: DT400-series programs and related compounds addressing brain health and mood disorders; preclinical and Phase 1/2 activities aimed at expanding therapeutic indications beyond anxiety and ASD. - Diagnostic and companion capabilities (where applicable): development programs aligned with precision psychiatry and patient stratification to optimize responder profiles and treatment regimens. - Clinical development services: design and execution of multi-center Phase 2/3 trials; regulatory strategy and interactions; data management, biostatistics, and pharmacovigilance for late-stage programs. - Pharmaceutical development enablement: formulation optimization, drug delivery science (including oral disintegrating tablets), and scaling considerations for potential commercialization. Latest Major Company Changes - Rebranding and strategic refocus: MindMed rebrands to Definium Therapeutics, signaling a shift toward a late-stage psychiatry pipeline and commitment to advancing three Phase 3 readouts in 2026, anchored by DT120 ODT for GAD and MDD, with a broader late-stage program footprint. - Pipeline advancement and late-stage emphasis: (>2026) Solidification of multiple Phase 3 trials in GAD and MDD, with additional Phase 3 readouts anticipated in 2026, reinforcing a strategy to prepare for potential commercialization and a best-in-class care model. - Ongoing expansion of late-stage and mid-stage assets: Continued progression of DT120 toward regulatory milestones, alongside the continuation of MM120 and DT402 programs, indicating an expanded portfolio and potential new indications or dosing paradigms. Industry context and business segments - Industry: Biopharmaceuticals with emphasis on psychiatric and neurological disorders, leveraging psychedelic-inspired therapeutics as a core strategic axis. - Business segments: Late-stage clinical development (Phase 3 programs for GAD and MDD), mid-stage and early-stage research (DT402 for ASD; MM120 for GAD/ADHD), and preparation for potential commercialization including operations and strategic partnerships. Geographic operations and corporate structure - Headquarters: New York, New York, United States; primary operating focus on U.S.-based clinical programs with regulatory interactions in major global markets. - Subsidiaries/affiliates: Corporate entity maintains oversight of global development programs, with potential regional partnerships or licensing discussions as part of a broader commercialization strategy, consistent with late-stage pharma company structures (as described in public disclosures). Founding year and corporate evolution - Founding background: Originally MindMed, established in 2010, transitions to Definium Therapeutics in 2026 as part of a strategic rebranding to emphasize a late-stage psychiatry pipeline; headquarters remain in the United States while pursuing global development objectives. Notes - The description reflects publicly disclosed information through early-2026 press releases and industry coverage, including rebranding announcements and Phase 3 program outlines; readers should consult the company’s investor relations materials for the most current clinical readouts and regulatory status. References indicate the rebranding and Phase 3-readout focus as central updates to the company’s profile in 2026.

Company News

  • Definium Therapeutics Announces New Employee Inducement Grants

  • Definium Therapeutics Announces New Employee Inducement Grants

  • Definium Therapeutics Highlights Phase III DT120 Gains in Anxiety and Depression

  • Definium Therapeutics Highlights Phase III DT120 Gains in Anxiety and Depression

  • Definium Therapeutics’ DT120 Hits Phase III Goals in Anxiety Study

  • Definium Therapeutics' DT120 Hits Phase III Goals in Anxiety Study

  • Definium Reports Second Phase III Success in Anxiety Disorder Program

  • Definium Therapeutics, Inc. (DFTX) Discusses Topline Results from Panorama Phase 3 Study of DT120 ODT in Generalized Anxiety Disorder Transcript

  • Definium Therapeutics (DFTX) Achieves Positive Results in Phase 3 Study for DT120 ODT

  • Definium Says Its Anxiety Drug Showed 'Unprecedented Efficacy'

  • Definium Therapeutics Announces Positive Topline Results from Phase 3 Panorama Study of DT120 ODT in Generalized Anxiety Disorder

  • Definium Therapeutics Announces New Employee Inducement Grants

  • Definium Therapeutics to Present Topline Data from Phase 3 Emerge and Voyage Trials Across Major Depressive Disorder and Generalized Anxiety Disorder at Psych Congress 2026

  • Definium Therapeutics Receives Breakthrough Therapy Designation for DT120 (lysergide) Orally Disintegrating Tablet (ODT) in Major Depressive Disorder (MDD) Following Positive Phase 3 Results

  • Definium Therapeutics, Inc. (DFTX) Discusses Phase III Clinical Progress and Study Outcomes for Lead Program in Mood Disorders Transcript

  • Definium Therapeutics Announces New Employee Inducement Grants

  • Definium Therapeutics to Participate at Upcoming Investor Conferences and Events

  • This Definium Therapeutics Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday

  • Definium Therapeutics Announces New Employee Inducement Grants

  • Definium Therapeutics' DT120 Meets Phase III Goals in GAD Study