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GRI · NASDAQ · Biotechnology

GRI Bio (GRI)

Develops NKT-cell therapies for pulmonary fibrosis and autoimmune disease.

$2.00
Pre-market0.00 (0.00%)
At close$2.00(+4.71%)
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GRI Bio, Inc.GRIHealth Care

Develops GRI-0621 for idiopathic pulmonary fibrosis and GRI-0803 for autoimmune disease by regulating distinct NKT-cell populations. The pre-revenue company retains worldwide rights and expects successful development to support commercialization, licensing, or collaboration economics.

Develops GRI-0621, an oral candidate that inhibits iNKT-cell activity, for idiopathic pulmonary fibrosis, and GRI-0803, an oral activator of dNKT cells, for autoimmune disease, initially systemic lupus erythematosus and lupus nephritis. The former has completed an early clinical trial; the latter remains in IND-enabling development. The company retains worldwide rights and expects future commercialization, licensing, or collaboration economics if its programs succeed.

Operates from La Jolla with a focused internal team while relying on consultants, contract research organizations, contract manufacturers, investigators, and suppliers. Its near-term effort is concentrated on GRI-0621, whose further development requires FDA clearance and substantial capital or a strategic partner; it has no approved product, commercial infrastructure, or significant operating revenue.

Company facts

CEOW. Marc Hertz, Ph.D.
ListedApr 24, 2023
ExchangeNASDAQ
HeadquartersLa Jolla, CA
CountryUnited States
Employees4
CIK0001824293
ISINUS3622AW5029

Market cap$179.7K
EPS (ttm)−$43.70
P/E (ttm)−0.0458
ROE-134.0%
P/B0.3512
P/S0.00
Dividend yieldDiv yield
Beta0.94vs XLV 0.84

No analyst consensus on record.

Next report
Nov 13, 2026
estimated · in 71 days
EPS estimate
−$0.94
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Aug '25Aug '25Nov '25Mar '26May '26Aug '26Aug '26Nov '26
Reported−$36.68−$36.69−$35.85−$5.34−$1.61−$1.61−$0.91Pending
Estimate−$1.31−$36.69−$31.09−$29.27−$0.91−$1.20−$1.19−$0.94
Surprise−2,700.0%0.0%−15.3%+81.8%−76.9%−34.2%+23.5%

RevenueReportedEstimate

Aug '25Aug '25Nov '25Mar '26May '26Aug '26Aug '26Nov '26
ReportedPending
Estimate$6.3M
Surprise
Estimate−$0.94
ReportedDue Nov 13, 2026
Estimate
ReportedDue Nov 13, 2026
View details

Debt to equity0.40%
Current ratio1,030.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$2.1M−$1.9M−$3.0M−$2.9M−$3.4M−$2.7M−$2.0M−$1.6M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$2.1M−$2.0M−$3.1M−$2.9M−$3.4M−$2.7M−$2.0M−$1.6M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $10.9M · Total debt $44.0K · Total assets $11.4M · Shareholders' equity $10.3M

Revenue
$0
Operating income
−$1.6M
Net income
−$1.6M
View details

No dividends on record.

Institutions6 holders · as of Mar 31, 20261.29%28.2K shares
Otherremainder98.71%2.16M shares

2.19M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Two share counts disagree (2.19M in the company's Sep 3, 2026 report, 89.8K elsewhere); stakes use the report.

A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Geode Capital Management, LLCInstitution
0.84%18,43813Fas of Mar 31, 2026
UBS Group AGInstitution
0.40%8,72213Fas of Mar 31, 2026
Tower Research Capital LLC (TRC)Institution
0.05%1,06013Fas of Mar 31, 2026
BlackRock, Inc.Institution
0.00%713Fas of Mar 31, 2026
Sbi Securities Co., Ltd.Institution
0.00%413Fas of Mar 31, 2026
See all 6

13F — a manager's quarterly holdings

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • Avalyn Pharma

    IPF challenge from inhaled nintedanib and combination regimens.

  • Contineum Therapeutics

    Head-to-head oral small-molecule development in idiopathic pulmonary fibrosis.

  • GSK (ADR)

    Marketed SLE and lupus-nephritis biologic with global commercial reach.

  • Aurinia Pharmaceuticals

    Approved oral lupus-nephritis therapy establishes a high clinical bar.

ComparePre-market

CompanyPriceChange
GRI Bio$2.000.00%$179.7K
Avalyn Pharma$36.02+1.55%$1.58B
Contineum Therapeutics$17.24+4.14%$648.6M
GSK (ADR)$50.65+0.45%$101.06B15.89.12.2+2.7%
Aurinia Pharmaceuticals$16.16−0.86%$2.09B7.121.76.7+18.9%
Median11.415.44.5+10.8%