Praxis Precision sees cash runway into 2028

As of December 31, 2025, Praxis had $926.1M in cash, cash equivalents and marketable securities, compared to $469.5M in cash, cash equivalents and marketable securities as of December 31, 2024. This increase of $456.6M was primarily due to net proceeds from Praxis’ October 2025 follow-on public offering and net proceeds from at-the-market sales of common stock, partially offset by cash used in operations. The Company’s cash, cash equivalents and marketable securities as of December 31, 2025, together with $621.2 proceeds from its January 2026 follow on public offering, are expected to fund operations into 2028.