MapLight Therapeutics, Inc. (MPLT)
NASDAQ:MPLT
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MapLight Therapeutics, Inc.
(NASDAQ:MPLT)
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Rating:53Neutral
Price Target:
$27.00
▲(54.37% Upside)
Action:Reiterated
Date:05/19/26
The score is primarily held back by accelerating losses and cash burn despite a strong, low-leverage balance sheet. Technicals are mixed (intermediate trend support but weak near-term price action), and valuation offers limited support due to negative earnings and no dividend.
Positive Factors
Low leverage and sizable equity
A very low debt-to-equity ratio and substantial equity provide durable financial flexibility for a clinical-stage biotech. This capital base supports ongoing trials, enables partner discussions and reduces near-term default risk, giving management runway to execute development plans without immediate forced financing.
Negative Factors
Accelerating operating cash burn
Rapidly rising negative operating cash flow materially shortens the time before additional funding is needed. Higher burn increases dilution or financing risk, constrains strategic optionality and can force budget cuts or delayed programs if trial results or capital markets weaken, pressuring long-term execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and sizable equity
A very low debt-to-equity ratio and substantial equity provide durable financial flexibility for a clinical-stage biotech. This capital base supports ongoing trials, enables partner discussions and reduces near-term default risk, giving management runway to execute development plans without immediate forced financing.
Read all positive factors
MapLight Therapeutics, Inc. (MPLT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.25B
Dividend YieldN/A
Average Volume (3M)401.63K
Price to Earnings (P/E)―
Beta (1Y)1.60
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees109
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)N/A
Shares Outstanding42,610,080
10 Day Avg. Volume205,334
30 Day Avg. Volume401,626
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)1.69
Price to Sales (P/S)0.00
P/FCF Ratio-5.58
Enterprise Value/Market Cap-0.02
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit47.77
Enterprise Value/Ebitda0.13
Forecast
1Y Price Target
$39.05Price Target Upside123.26% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MapLight Therapeutics, Inc. Business Overview & Revenue Model
Company Description
MapLight Therapeutics, Inc. operates as a clinical-stage biopharmaceutical company for patients suffering from debilitating central nervous system disorders. The company's products include ML-007C-MA, a fixed-dose combination of an M 1 /M 4 muscar...
How the Company Makes Money
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MapLight Therapeutics, Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -574.00K | -578.00K | -701.00K | -556.00K | -574.00K |
| EBITDA | -208.65M | -168.50M | -76.88M | -55.15M | -29.44M |
| Net Income | -199.48M | -161.15M | -77.58M | -55.71M | -30.02M |
Balance Sheet | |||||
| Total Assets | 418.79M | 479.51M | 136.92M | 91.41M | 39.39M |
| Cash, Cash Equivalents and Short-Term Investments | 310.11M | 305.10M | 108.80M | 79.77M | 27.66M |
| Total Debt | 5.59M | 5.80M | 6.58M | 5.92M | 6.27M |
| Total Liabilities | 18.95M | 21.14M | 21.72M | 20.13M | 18.52M |
| Stockholders Equity | 399.83M | 458.37M | 115.19M | 71.28M | 20.87M |
Cash Flow | |||||
| Free Cash Flow | -164.26M | -138.61M | -79.58M | -52.47M | -27.32M |
| Operating Cash Flow | -163.76M | -138.14M | -78.81M | -52.01M | -26.58M |
| Investing Cash Flow | -293.70M | -323.21M | -80.79M | -462.00K | -746.00K |
| Financing Cash Flow | 463.02M | 469.82M | 118.06M | 104.57M | 33.17M |
MapLight Therapeutics, Inc. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
53 Neutral | $1.25B | -3.79 | -69.06% | ― | ― | ― | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
46 Neutral | $3.90M | -0.36 | -199.52% | ― | ― | 97.37% | |
44 Neutral | $1.72M | -0.20 | ― | ― | 99.48% | -474.47% | |
43 Neutral | $23.55M | -0.06 | -83.59% | ― | ― | 19.36% | |
43 Neutral | $3.43M | -0.23 | -215.04% | ― | -100.00% | 89.96% | |
42 Neutral | $4.99M | -0.63 | -203.36% | ― | ― | 93.30% |
* Healthcare Sector Average
MPLT
MapLight Therapeutics, Inc.
28.75
10.41
56.76%
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GRI
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DRMA
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AZTR
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MapLight Therapeutics, Inc. Corporate Events
Business Operations and StrategyFinancial Disclosures
MapLight Therapeutics Expands Pipeline Amid Rising Quarterly Losses
Negative
May 14, 2026
MapLight Therapeutics reported first-quarter 2026 results on May 14, highlighting an expanded clinical pipeline in schizophrenia, Alzheimer’s disease psychosis and autism spectrum disorder alongside rising operating expenses and losses. The ...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
MapLight Therapeutics Announces Board Refresh and New Nominees
Positive
Apr 29, 2026
On April 23, 2026, MapLight Therapeutics, Inc. announced that board members Robert Malenka, M.D., Ph.D., and Jim Trenkle, Ph.D., informed the board they will not stand for reelection at the annual meeting of stockholders scheduled for June 23, 202...
Business Operations and StrategyFinancial Disclosures
MapLight Therapeutics Highlights Growing CNS Pipeline, Strong Cash Position
Positive
Mar 26, 2026
On March 26, 2026, MapLight Therapeutics reported fourth-quarter and full-year 2025 results, highlighting an expanding CNS pipeline and increased RD investment. The company is advancing ML-007C-MA for schizophrenia and Alzheimer’s disease ps...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
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