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GRI Bio
(NASDAQ:GRI)
GRI Bio (GRI) vs. SPDR S&P 500 ETF (SPY)
GRI Bio Business Overview & Revenue Model
GRI Bio Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.87M | 0.00 | 22.54M | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.00K | -4.00K | -4.00K | -57.00K | -50.00K | -73.00K |
| EBITDA | -11.96M | -11.97M | -8.20M | -10.90M | -2.51M | -9.21M |
| Net Income | -11.96M | -11.96M | -8.21M | -13.04M | -3.22M | -9.30M |
Balance Sheet | ||||||
| Total Assets | 8.67M | 8.67M | 5.74M | 2.96M | 383.00K | 218.00K |
| Cash, Cash Equivalents and Short-Term Investments | 8.23M | 8.23M | 5.03M | 1.81M | 9.00K | 90.00K |
| Total Debt | 71.00K | 71.00K | 119.00K | 14.00K | 673.00K | 3.61M |
| Total Liabilities | 2.66M | 2.66M | 1.71M | 2.70M | 2.01M | 4.94M |
| Stockholders Equity | 6.01M | 6.01M | 4.03M | 259.00K | -1.63M | -4.72M |
Cash Flow | ||||||
| Free Cash Flow | -10.19M | -10.19M | -8.61M | -9.00M | -1.09M | -847.00K |
| Operating Cash Flow | -10.19M | -10.19M | -8.61M | -8.99M | -1.08M | -847.00K |
| Investing Cash Flow | -3.00K | -3.00K | 0.00 | -8.00K | -3.00K | 0.00 |
| Financing Cash Flow | 13.39M | 13.39M | 11.83M | 10.80M | 1.01M | 600.00K |
GRI Bio Technical Analysis
GRI Bio Risk Analysis
GRI Bio Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
43 Neutral | $3.41M | ― | -381.74% | ― | ― | 98.22% | |
43 Neutral | $2.39M | ― | -82.17% | ― | -3.27% | 51.83% | |
33 Underperform | $1.73M | -0.10 | -263.57% | ― | -34.58% | 96.41% | |
29 Underperform | $3.26M | ― | -168.95% | ― | ― | 90.27% |
GRI Bio Corporate Events
GRI Bio, Inc. amended its existing at-the-market equity offering program with H.C. Wainwright & Co., LLC on January 29, 2026, effective January 28, 2026, significantly increasing the potential size of the offering. The company raised the aggregate cap on common stock issuable under the program from $10 million to up to $60 million, subject to the amount registered on its prospectus supplement, and obtained waivers of certain provisions in a December 11, 2025 securities purchase agreement to permit these issuances, expanding its flexibility to raise capital through ongoing share sales.
The most recent analyst rating on (GRI) stock is a Sell with a $4.00 price target. To see the full list of analyst forecasts on GRI Bio stock, see the GRI Stock Forecast page.
On January 28, 2026, GRI Bio reported additional positive data from its recently completed Phase 2a clinical trial of GRI-0621 in idiopathic pulmonary fibrosis, showing that RNA-sequencing gene expression analysis revealed significant modulation of genes linked to lung injury, myofibroblast activation, extracellular matrix deposition, fibrosis progression, and alveolar repair compared with placebo. The new molecular findings align with earlier biomarker and functional data indicating reduced neutrophil activity, lower pro-fibrotic cytokine levels, increased collagen degradation, and signals consistent with lung repair and regeneration, suggesting that GRI-0621 may act as a disease-modifying therapy that supports true lung tissue regeneration rather than merely slowing decline; these effects were observed alongside a favorable safety profile and secondary endpoint signals, including a higher proportion of patients with no decline in forced vital capacity at 12 weeks versus standard of care, underscoring the candidate’s potential differentiation within the IPF treatment landscape.
The most recent analyst rating on (GRI) stock is a Sell with a $0.22 price target. To see the full list of analyst forecasts on GRI Bio stock, see the GRI Stock Forecast page.
On January 21, 2026, GRI Bio, Inc. announced that its board and stockholders had approved a 1-for-28 reverse stock split of its common stock, following a special meeting held on January 15, 2026. The reverse split will take legal effect at 4:01 p.m. Eastern Time on January 23, 2026, with the stock expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market under the existing ticker “GRI” and a new CUSIP number on January 26, 2026. The move will reduce the number of outstanding common shares from approximately 15.0 million to about 536,000 without changing the total authorized share count, and will include proportional adjustments to outstanding options, warrants, convertible securities and equity incentive plans, while cash will be paid in lieu of fractional shares. The company stated that the reverse split is intended to increase its per-share trading price and help it regain compliance with Nasdaq’s minimum bid price requirement, a step that could prove pivotal for maintaining its listing and access to public capital markets, with operational mechanics arranged so that most shareholders will not need to take any action as positions are automatically adjusted by brokers and the transfer agent.
The most recent analyst rating on (GRI) stock is a Hold with a $0.21 price target. To see the full list of analyst forecasts on GRI Bio stock, see the GRI Stock Forecast page.
On January 15, 2026, GRI Bio, Inc. was notified by Nasdaq’s Listing Qualifications Staff that it had conditionally regained compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies with a market value under $35 million and annual net income under $500,000 to maintain at least $2.5 million in stockholders’ equity. The company had previously been found out of compliance based on its Form 10-Q for the quarter ended September 30, 2025, and while the current determination averts an immediate delisting, GRI Bio’s stock remains at risk of future delisting if it fails to maintain the required equity levels in subsequent filings.
The most recent analyst rating on (GRI) stock is a Hold with a $0.23 price target. To see the full list of analyst forecasts on GRI Bio stock, see the GRI Stock Forecast page.
On January 15, 2026, GRI Bio, Inc. held a virtual special meeting of stockholders at which shareholders approved an amendment to the company’s certificate of incorporation authorizing a reverse stock split of its common stock at a ratio between 1-for-2 and 1-for-30, with the final ratio and implementation left to the discretion of the board, and also approved the potential adjournment or postponement of the meeting if additional proxies were needed. The corporate actions followed a November 26, 2025 notice from Nasdaq that GRI Bio was not in compliance with the minimum stockholders’ equity requirement for continued listing, and the company’s subsequent completion on December 12, 2025 of an approximately $8 million best-efforts public offering of common stock and warrants, after which GRI Bio believes its stockholders’ equity exceeded the required $2.5 million threshold, though Nasdaq will continue to monitor compliance and the company could still face delisting risk if it falls short in future reporting periods.
The most recent analyst rating on (GRI) stock is a Hold with a $0.23 price target. To see the full list of analyst forecasts on GRI Bio stock, see the GRI Stock Forecast page.
On January 9, 2026, GRI Bio, Inc. filed a prospectus supplement to increase the maximum amount of common stock it may issue under its at-the-market offering agreement with H.C. Wainwright & Co. to an aggregate of $7.38 million in new shares, on top of approximately $6.17 million of stock already sold under the program. The company also obtained a waiver of certain provisions in a December 11, 2025 securities purchase agreement to allow further issuances under this at-the-market facility, and its counsel Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. issued a legal opinion confirming that shares sold pursuant to the program will be validly issued, fully paid and nonassessable, underscoring GRI Bio’s continued reliance on equity issuance as a funding mechanism and clarifying the legal framework for investors participating in these offerings.
The most recent analyst rating on (GRI) stock is a Hold with a $0.29 price target. To see the full list of analyst forecasts on GRI Bio stock, see the GRI Stock Forecast page.
On January 8, 2026, GRI Bio reported additional positive immune profiling data from its Phase 2a clinical trial of GRI-0621 in idiopathic pulmonary fibrosis, showing inhibition of invariant NKT cells and a shift toward an anti-fibrotic immune profile, with increased interferon-gamma and reduced pro-fibrotic cytokines including IL-4, IL-13, IL-17A, IL-22 and TGF-β across multiple immune cell types in lung and blood samples. These mechanistic findings, which align with previously disclosed safety, tolerability and lung function benefits and suggest disease-modifying activity and fibrosis reversal, bolster clinical proof-of-concept for GRI-0621 and support its differentiation from existing IPF therapies; separately, the company noted that its December 2025 public offering has lifted stockholders’ equity above Nasdaq’s $2.5 million minimum, helping to stabilize its listing compliance position.
The most recent analyst rating on (GRI) stock is a Hold with a $0.24 price target. To see the full list of analyst forecasts on GRI Bio stock, see the GRI Stock Forecast page.