MNMD Stock - Mind Medicine (MindMed) Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $-527,000 | $-3,162,000 | N/A | N/A | N/A |
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $-103,916,000 | $-93,866,000 | $-66,331,000 | $-93,854,000 | $-33,030,000 |
| Net Income | $-108,679,000 | $-95,732,000 | $-56,796,000 | $-93,036,000 | $-34,101,000 |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| EPS | $-1.54 | $-2.44 | $-1.53 | $-3.40 | $-1.92 |
Mind Medicine (MindMed) Inc., a clinical stage biopharmaceutical company, develops novel products to treat brain health disorders related to psychiatry, addiction, pain, and neurology. The company develops MM-120, which is in phase 2 for the treatment of generalized anxiety disorder and attention deficit hyperactivity disorder, as well as for the treatment of chronic pain; and MM-110, an a3ß4 nicotinic cholinergic receptor antagonist that has completed phase 1 for the treatment of opioid withdrawal. It also develops MM-402, a R-enantiomer of 3,4-methylenedioxymethamphetamine for the treatment of core symptoms of autism spectrum disorder. The company is headquartered in Vancouver, Canada.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 13th 2025 | Needham | Initiation | Buy | $28 |
| August 4th 2025 | Oppenheimer | Resumed | Outperform | $25 |
| January 28th 2025 | Evercore ISI | Initiation | Outperform | $23 |
| December 20th 2024 | Chardan Capital Markets | Initiation | Buy | $20 |
| October 14th 2024 | Leerink Partners | Resumed | Outperform | $20 |
| July 24th 2024 | ROTH MKM | Initiation | Buy | $36 |
| May 29th 2024 | Robert W. Baird | Initiation | Outperform | $27 |
| April 15th 2024 | Leerink Partners | Initiation | Outperform | $20 |
| December 5th 2023 | Canaccord Genuity | Initiation | Buy | $9 |
| December 9th 2022 | ROTH Capital | Resumed | Buy | $25 |
| November 16th 2022 | RBC Capital Mkts | Initiation | Outperform | $5 |
| August 26th 2022 | Oppenheimer | Initiation | Outperform | $3.5 |
| August 10th 2022 | Cantor Fitzgerald | Initiation | Overweight | $3 |
| May 4th 2022 | ROTH Capital | Initiation | Buy | $7 |
Earnings History & Surprises
MNMDEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 5, 2026 | $-0.48 | — | — | — |
Q4 2025 | Nov 6, 2025 | $-0.52 | $-0.78 | -50.0% | ✗ MISS |
Q3 2025 | Jul 31, 2025 | $-0.38 | $-0.50 | -31.6% | ✗ MISS |
Q2 2025 | May 8, 2025 | $-0.36 | $-0.35 | +2.8% | ✓ BEAT |
Q1 2025 | Mar 6, 2025 | $-0.33 | $-0.41 | -24.2% | ✗ MISS |
Q4 2024 | Nov 7, 2024 | $-0.29 | $-0.27 | +6.9% | ✓ BEAT |
Q3 2024 | Aug 13, 2024 | $-0.30 | $-0.48 | -60.0% | ✗ MISS |
Q2 2024 | May 8, 2024 | $-0.66 | $-0.60 | +9.1% | ✓ BEAT |
Q1 2024 | Feb 28, 2024 | $-0.48 | $-0.59 | -22.9% | ✗ MISS |
Q4 2023 | Nov 2, 2023 | $-0.65 | $-0.53 | +18.5% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $-0.54 | $-0.72 | -33.3% | ✗ MISS |
Q2 2023 | May 4, 2023 | $-0.41 | $-0.51 | -24.4% | ✗ MISS |
Q1 2023 | Mar 9, 2023 | $-0.49 | $-0.27 | +44.9% | ✓ BEAT |
Q4 2022 | Nov 10, 2022 | $-0.58 | $-0.56 | +3.4% | ✓ BEAT |
Q3 2022 | Aug 11, 2022 | $-0.75 | $-0.60 | +20.0% | ✓ BEAT |
Q2 2022 | May 16, 2022 | $-0.75 | $-0.60 | +20.0% | ✓ BEAT |
Q1 2022 | Mar 28, 2022 | $-0.70 | $-0.75 | -7.1% | ✗ MISS |
Q4 2021 | Nov 12, 2021 | $-0.52 | $-0.90 | -73.1% | ✗ MISS |
Q3 2021 | Aug 12, 2021 | $-0.60 | $-1.35 | -125.0% | ✗ MISS |
Q2 2021 | May 14, 2021 | — | $-0.57 | — | — |
Latest News
Canaccord Genuity Maintains Buy on Mind Medicine, Raises Price Target to $25
📈 PositiveRBC Capital Maintains Outperform on Mind Medicine, Lowers Price Target to $20
➖ NeutralMind Medicine Q3 EPS $(0.78) Misses $(0.50) Estimate
📉 NegativeReported Earlier, MindMed Prices $225M Public Offering Of 18.375M Shares At $12.25 Each To Fund R&D And Corporate Growth
➖ NeutralMind Medicine announces proposed public offering
➖ NeutralMind Medicine Announces Proposed Public Offering; Amount Not Disclosed
➖ NeutralPsychedelic stocks gain after positive remarks from GOP Senator in North Carolina
📈 Positive'Psychedelics Show Promise As An 'Entirely New Type Of Anti-Inflammatory Treatment,' Research Suggests' - Marijuana Moment
📈 PositiveNeedham Initiates Coverage On Mind Medicine with Buy Rating, Announces Price Target of $28
📈 Positive'New York Lawmakers Hold Hearing Psilocybin's Medical Benefits Amid Broader Debate Over Psychedelics Reform' - Marijuana Moment
➖ NeutralMindMed Study Finds Nearly Half Of Adults With Severe Anxiety Report Suicidal Thoughts Almost Every Day
📉 Negative'Massachusetts Lawmakers Approve Bill To Create Psychedelic Therapy Pilot Program' - Marijuana Moment
📈 PositiveMindMed Publishes Phase 2b MM120 (LSD) Results In JAMA, Demonstrating Statistically Significant And Sustained Anxiety Reduction In GAD Patients; 100 µg Dose Achieved 65% Response, 48% Remission At Week 12, Supporting Ongoing Phase 3 Trials And FDA Breakthrough Therapy Designation
📈 Positive'Military To Start Testing Service Members For The Psychedelic Psilocin, Memo Shows' - Marijuana Moment
➖ Neutral'GOP Senator Is 'Confident' Psychedelics Access Will Expand Under Trump, Saying Many Veterans Speak To Him About The Benefits' - Marijuana Moment
📈 Positive'U.S. Senate Committee To Hold Hearing On Benefits Of Psychedelics For Military Veterans'- Marijuana Moment
📈 PositiveMindMed Reports Strong Q2 2025 Results
📈 PositiveMind Medicine upgraded at Oppenheimer on lead asset
📈 PositiveFrequently Asked Questions about MNMD
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