DWTX · NASDAQ · Biotechnology

Dogwood Therapeutics (DWTX)

Develops non-opioid therapies for chemotherapy-related neuropathic pain.

$2.47
Pre-market−0.01 (−0.40%)
At close$2.48(−5.70%)
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Dogwood Therapeutics, Inc.DWTXHealth Care

Develops non-opioid therapies for chemotherapy-related neuropathic pain, led by injectable Halneuron and the licensed SP16 IV program. It has no commercial products and relies on outsourced clinical and manufacturing work and future pharmaceutical partners for commercialization.

Develops non-opioid therapeutics for cancer-associated pain and peripheral neuropathy, centered on Halneuron, a subcutaneous tetrodotoxin candidate that modulates the peripheral NaV1.7 channel. Its other internal program, SP16 IV, is an LRP1 agonist intended to limit inflammation and support neural repair during neurotoxic chemotherapy. Neither candidate has marketing approval, and neither produces revenue.

Operates from Georgia and Vancouver through a lean, outsourced model: contractors, CROs, and CMOs carry much of clinical and manufacturing execution, while the company expects pharmaceutical partners to commercialize approved products. Halneuron is the principal internally funded program; the former antiviral programs have been licensed to PRIDCor, leaving payments and royalties dependent on that partner's financing, development, and commercialization.

Company facts

CEOGreg Duncan
ListedOct 9, 2024
ExchangeNASDAQ
HeadquartersAlpharetta, GA
CountryUnited States
Employees8
CIK0001818844
ISINUS92829J2033

Market cap$83.4M
EPS (ttm)−$8.95
P/E (ttm)−0.2771
ROE-47.9%
P/B1.24
P/S0.00
Dividend yieldDiv yield
Beta1.49vs XLV 0.77

No analyst consensus on record.

Next report
Nov 5, 2026
estimated · in 63 days
EPS estimate
−$0.15
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

May '25Aug '25Nov '25Mar '26May '26Aug '26Aug '26Nov '26
Reported−$4.21−$1.99−$8.20−$0.26−$0.15−$0.34−$0.34Pending
Estimate−$0.77−$1.26−$1.23−$0.86−$0.22−$0.13−$0.14−$0.15
Surprise−446.8%−57.9%−566.7%+69.8%+31.8%−161.5%−142.9%

RevenueReportedEstimate

May '25Aug '25Nov '25Mar '26May '26Aug '26Aug '26Nov '26
ReportedPending
Estimate
Surprise
Estimate−$0.15
ReportedDue Nov 5, 2026
Estimate
ReportedDue Nov 5, 2026
View details

Debt to equity0.20%
Current ratio389.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$2.3M−$7.7M−$10.9M−$3.8M−$15.7M−$3.8M−$5.0M−$11.5M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$2.3M−$7.5M−$4.4M−$3.9M−$15.8M−$3.8M−$5.1M−$4.9M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $9.6M · Total debt $127.2K · Total assets $80.5M · Shareholders' equity $68.4M

Revenue
$0
Operating income
−$4.9M
Net income
−$11.5M
View details

No dividends on record.

Institutions13 holders · as of Mar 31, 2026157.85%3.62M shares
Adds to157.85%

2.29M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Two share counts disagree (2.29M in the company's Sep 3, 2026 report, 33.63M elsewhere); stakes use the report.

These groups come from separate filings that can overlap, so they add to 157.85%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Armistice Capital, LLCInstitution
143.03%3.28M13Fas of Mar 31, 2026
Vanguard Capital Management LLCInstitution
5.76%132,15413Fas of Mar 31, 2026
Geode Capital Management, LLCInstitution
3.46%79,43413Fas of Mar 31, 2026
Vanguard Fiduciary Trust CoInstitution
2.74%62,73613Fas of Mar 31, 2026
Northern Trust CorpInstitution
1.04%23,77913Fas of Mar 31, 2026
See all 14

13F — a manager's quarterly holdings

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

ComparePre-market

CompanyPriceChange
Dogwood Therapeutics$2.47−0.40%$83.4M
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Median47.420.911.2−0.8%