Atai Beckley
Develops clinical-stage psychiatric candidates for difficult-to-treat mental-health conditions.
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Profile
Develops a clinical-stage portfolio of interventional psychiatric candidates, including BPL-003, VLS-01 and EMP-01. The business was formed by atai and Beckley Psytech and is not reliant on commercial-product revenue.
Develops interventional psychiatric candidates for difficult-to-treat mental-health conditions. The clinical-stage biotechnology business advances BPL-003, VLS-01 and EMP-01, as well as an earlier-stage 5-HT2A program. The portfolio spans programs at different stages of development. Rather than selling a commercialized product, it develops a portfolio of candidate therapies.
The current company was formed through the combination of atai and Beckley Psytech, connecting atai’s prior platform model with Beckley’s programs. Its work is shaped by clinical development across the portfolio. An announced acquisition by Eli Lilly remains pending stockholder and regulatory approvals and customary closing conditions.
Company facts
Key statistics
Year to date +88.4% · Average volume (30d) 8.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Oppenheimer | Downgrade | Outperform | Perform | ||
| Aug 12, 2026 | Deutsche Bank | Downgrade | Buy | Hold | $12 | $8 |
| Jul 20, 2026 | H.C. Wainwright | Downgrade | Buy | Neutral | $7.50 | |
| Jul 20, 2026 | Berenberg Bank | Target | $7.45 | |||
| Jul 20, 2026 | HC Wainwright & Co. | Downgrade | Buy | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | −$0.11 | −$0.09 | +15.6% | $940.8K | $1.7M | +81.1% | −0.55% |
| May 12, 2026Q1 FY26 | −$0.11 | −$0.08 | +27.3% | $217.1K | $954.0K | +339.4% | +2.17% |
| Mar 6, 2026Q4 FY25 | −$0.12 | −$0.05 | +58.3% | $300.0K | $1.1M | +255.3% | +14.75% |
| Nov 12, 2025Q3 FY25 | −$0.12 | −$0.28 | −133.3% | $229.2K | $749.0K | +226.8% | −4.62% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.6M | $719.0K | $749.0K | $1.1M | $954.0K | $1.7M | |
| Gross profit | $1.3M | $492.0K | $516.0K | $1.1M | $787.0K | $1.5M | |
| Operating income | −$20.4M | −$25.3M | −$28.4M | −$43.0M | −$30.9M | −$44.1M | |
| Net income | −$26.4M | −$27.7M | −$61.1M | −$544.8M | −$29.8M | −$32.5M | |
| Diluted EPS | −$0.15 | −$0.14 | −$0.28 | −$2.45 | −$0.08 | −$0.09 | |
| Gross margin | 86.1% | 68.4% | 68.9% | 100.0% | 82.5% | 87.4% | |
| Operating margin | -1,310.0% | -3,515.0% | -3,796.5% | -4,032.1% | -3,239.1% | -2,590.4% |
Fiscal years (4-quarter sums)FY21 $20.4M · FY22 $232.0K · FY23 $314.0K · FY24 $308.0K · FY25 $4.1M
Revenue by product · FY24
Balance sheet, Jun 30, 2026Cash & short-term investments $225.8M · Total debt $4.3M · Total assets $264.8M · Shareholders' equity $176.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 369.95M · Float 201.02M · 54.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Apeiron Investment Group Ltd. · 10 percent owner | 53.41M | 14.44% | Form 4 | Oct 2, 2025 |
| BlackRock, Inc. | 25.57M | 6.91% | 13F | Aug 7, 2026 |
| Deep Track Capital, LP | 14.42M | 3.90% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 11.75M | 3.18% | 13F | Aug 13, 2026 |
| State Street Corp | 8.29M | 2.24% | 13F | Aug 7, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- GH Research
Mebufotenin therapy in pivotal TRD development
- Compass Pathways (ADR)
Phase 3 psilocybin program for treatment-resistant depression
- Definium Therapeutics
Phase 3 lysergide program for major depressive disorder
- Helus Pharma
Phase 3 serotonergic agonist program for major depression
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Atai Beckley | $7.29 | 0.00% | $2.70B | — | — | 602.9 | +137.0% |
| GH Research | $28.16 | +1.04% | $1.92B | — | — | — | — |
| Compass Pathways (ADR) | $13.79 | +0.56% | $1.85B | — | — | — | — |
| Definium Therapeutics | $41.00 | +0.05% | $5.44B | — | — | — | — |
| Helus Pharma | $12.35 | +1.56% | $755.0M | — | — | — | — |






