PRME Stock - Prime Medicine, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.98M | N/A | N/A | N/A | $5.21M |
| Gross Profit | $2.98M | N/A | N/A | N/A | $2.23M |
| Gross Margin | 100.0% | N/A | N/A | N/A | 42.8% |
| Operating Income | $-202,467,000 | $-204,792,000 | $-116,544,000 | $-84,474,000 | $-932,000 |
| Net Income | $-195,882,000 | $-198,133,000 | $-121,821,000 | $-165,367,000 | $-3,410,000 |
| Net Margin | -6566.6% | N/A | N/A | N/A | -65.5% |
| EPS | $-1.65 | $-2.18 | $-1.46 | $-1.92 | $-0.05 |
Prime Medicine, Inc., a biotechnology company, delivers genetic therapies to address diseases by deploying gene editing technology. It offers Prime Editors with a Prime Editor protein, comprising a fusion between a Cas protein and a reverse transcriptase enzyme; and a pegRNA, which targets the Prime Editor to a specific genomic location and provides a template for making the desired edit to the target DNA sequence. The company was incorporated in 2019 and is headquartered in Cambridge, Massachusetts.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| May 27th 2025 | Citigroup | Downgrade | Neutral | $1.5 |
| May 20th 2025 | JP Morgan | Downgrade | Neutral | - |
| May 20th 2025 | H.C. Wainwright | Downgrade | Neutral | - |
| December 10th 2024 | JMP Securities | Initiation | Mkt Outperform | $10 |
| May 20th 2024 | H.C. Wainwright | Initiation | Buy | $10 |
| May 16th 2024 | Citigroup | Upgrade | Buy | $10 |
| April 22nd 2024 | Chardan Capital Markets | Initiation | Buy | $17 |
| April 8th 2024 | TD Cowen | Initiation | Buy | - |
| April 3rd 2024 | Wedbush | Initiation | Outperform | $12 |
| January 16th 2024 | Stifel | Downgrade | Hold | $9← $18 |
| December 8th 2023 | Citigroup | Initiation | Neutral | $10 |
| October 9th 2023 | BMO Capital Markets | Initiation | Outperform | $19 |
| July 31st 2023 | Guggenheim | Initiation | Buy | $24 |
| April 18th 2023 | Stifel | Initiation | Buy | $18 |
| November 14th 2022 | Jefferies | Initiation | Buy | $25 |
Earnings History & Surprises
PRMEEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Feb 27, 2026 | $-0.25 | — | — | — |
Q4 2025 | Nov 7, 2025 | $-0.28 | $-0.32 | -14.3% | ✗ MISS |
Q3 2025 | Aug 7, 2025 | $-0.36 | $-0.41 | -13.9% | ✗ MISS |
Q2 2025 | May 8, 2025 | $-0.32 | $-0.40 | -25.0% | ✗ MISS |
Q1 2025 | Feb 28, 2025 | $-0.37 | $-0.31 | +16.2% | ✓ BEAT |
Q4 2024 | Nov 12, 2024 | $-0.43 | $-0.44 | -2.3% | ✗ MISS |
Q3 2024 | Aug 8, 2024 | $-0.40 | $-0.46 | -15.0% | ✗ MISS |
Q2 2024 | May 10, 2024 | $-0.45 | $-0.44 | +2.2% | ✓ BEAT |
Q1 2024 | Mar 1, 2024 | $-0.48 | $-0.56 | -16.7% | ✗ MISS |
Q4 2023 | Nov 3, 2023 | $-0.45 | $-0.55 | -22.2% | ✗ MISS |
Q3 2023 | Aug 7, 2023 | $-0.42 | $-0.47 | -11.9% | ✗ MISS |
Q2 2023 | May 11, 2023 | $-0.42 | $-0.44 | -4.8% | ✗ MISS |
Q1 2023 | Mar 9, 2023 | $-0.65 | $-0.56 | +13.8% | ✓ BEAT |
Q4 2022 | Oct 21, 2022 | $-0.71 | $-0.38 | +47.1% | ✓ BEAT |
Q2 2022 | Jun 30, 2022 | — | $-0.50 | — | — |
Q1 2022 | Mar 31, 2022 | — | $-0.42 | — | — |
Q4 2021 | Dec 31, 2021 | — | $-0.86 | — | — |
Q3 2021 | Sep 30, 2021 | — | $-0.32 | — | — |
Q2 2021 | Jun 30, 2021 | — | $0.05 | — | — |
Q1 2021 | Mar 31, 2021 | — | $-11.82 | — | — |
Latest News
Prime Medicine Announced New England Journal Of Medicine Publication Of PM359 Clinical Data For Two Patients For Treatment Of Chronic Granulomatous Disease
📈 PositiveCitigroup Maintains Neutral on Prime Medicine, Lowers Price Target to $4.25
📉 NegativeChardan Capital Maintains Buy on Prime Medicine, Lowers Price Target to $9
➖ NeutralPrime Medicine Filed $200M Mixed Shelf Offering for Sale of Common Stock From Time to Time
➖ NeutralPrime Medicine Expects That Its Cash, Cash Equivalents And Investments Of $213.3M As Of September 30, 2025 Will Be Sufficient To Fund Its Operating Expenses And Capital Expenditure Requirements Into 2027.
📈 PositivePrime Medicine Q3 EPS $(0.32) Misses $(0.26) Estimate, Sales $1.225M Beat $1.026M Estimate
➖ NeutralPrime Medicine slides after pricing $125.4M stock offering
📉 NegativePrime Medicine announces public stock offering; shares down 11.5%
📉 NegativePrime Medicine soars as Jones sees it as an acquisition target
📈 PositivePrime Medicine drops after cutting CGD program amid restructuring
📉 NegativeFrequently Asked Questions about PRME
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