Definium Therapeutics (DFTX)

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Definium Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing medicines for psychiatric and neurological conditions. Its work is centred on therapies that aim to address the biological drivers of disease, rather than offering only short-term relief of symptoms. The company’s research and development activities are organised around a neurological drug development platform and are reported as a single operating segment.

The company’s lead programme is DT120 ODT, an orally disintegrating tablet candidate being studied for anxiety and mood disorders. Definium is advancing a late-stage clinical pipeline that includes four Phase 3 trials: two in generalised anxiety disorder and two in major depressive disorder. DT120 ODT has received FDA Breakthrough Therapy Designation for generalised anxiety disorder, a status intended to support development and review of medicines that may offer meaningful improvement over existing options for serious conditions.

Definium’s investment case is closely tied to the outcome of these pivotal studies and the company’s ability to translate clinical data into regulatory approvals. In parallel with development work, management is preparing commercial and operational infrastructure for a possible launch of DT120 ODT, subject to approval. That includes planning for patient access, prescriber engagement, and a care model suited to psychiatric treatment.

As with other biotechnology companies at this stage, Definium carries significant clinical, regulatory, and funding risk. Its potential value depends on whether its drug candidates can demonstrate safety, efficacy, and practical advantages in large trials, and whether they can compete in established markets for anxiety and depression treatments.

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Last updated

Market Cap
2.49B
P/E
P/FCF
P/S
Enterprise Value
2.27B
Sector
Health Care
Industry
Medicinal Chemicals and Botanical Products
Address
ONE WORLD TRADE CENTER, NEW YORK, NY, 10007
Market Cap
2.49B
Enterprise Value
2.27B
P/E
P/B
8.94
P/S
EV / EBITDA
-11.75
EV / Sales
EPS
-2.18
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
ROE
-85.19%
ROA
-59.19%
Debt / Equity
0.15
Current Ratio
4.69
Quick Ratio
4.69
Cash
3.24
Avg Volume
1.71M
Fundamentals Snapshot Price
22.86

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue
Gross profit
Operating income -59.22M -47.58M -45.67M -40.9M -32.16M
EBITDA -59.22M -47.58M -45.67M -40.9M -32.16M
Net income -77.1M -50.44M -67.27M -42.74M -23.35M
Basic EPS -0.71 -0.5 -0.78 -0.5 -0.27
Diluted EPS -0.71 -0.5 -0.78 -0.5 -0.35

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 401.29M 440.1M 236.92M 265.09M 275.32M
Total liabilities 122.44M 107.77M 106.32M 79.69M 52.52M
Total equity 278.85M 332.33M 130.6M 185.4M 222.81M
Cash & equivalents 262.52M 257.84M 19.96M 33.39M 82.85M
Current assets 380.56M 419.32M 215.85M 189.14M 221.7M
Current liabilities 81.11M 66.7M 65.42M 37.96M 30.48M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -42.63M -42.98M -29.57M -29.6M -29.42M
Investing cash flow 42M 34.98M 15.41M -39.54M -162.46M
Financing cash flow 5.31M 245.87M 749K 19.65M 1M
Change in cash 4.68M 237.88M -13.43M -49.46M -190.89M
Kind Filing Date Link
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edgar index 8-K — Definium Therapeutics, Inc. View Filing
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edgar index 8-K — Mind Medicine (MindMed) Inc. View Filing
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edgar index 144 — Mind Medicine (MindMed) Inc. View Filing
edgar index 144 — Mind Medicine (MindMed) Inc. View Filing
edgar index 144 — Mind Medicine (MindMed) Inc. View Filing
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