NRXP · NASDAQ · Biotechnology

NRx Pharmaceuticals (NRXP)

Develops NMDA-pathway CNS therapies alongside a majority-owned interventional-psychiatry clinic network.

$3.38
Pre-market−0.07 (−2.16%)
At close$3.46(+0.44%)
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NRx Pharmaceuticals, Inc.NRXPHealth Care

Develops NRX-100 and NRX-101, two CNS drug candidates targeting the NMDA pathway. Through its majority-owned HOPE Therapeutics network, it also provides interventional psychiatric care integrating neuroplastic drugs, TMS, digital therapeutics, and hyperbaric therapy.

Develops the NRX-100 and NRX-101 CNS drug candidates, based on the NMDA pathway. NRX-100 is a preservative-free intravenous ketamine formulation, and NRX-101 combines oral D-cycloserine with lurasidone. Both programs remain in development, rather than approved products.

HOPE Therapeutics supplies a care-delivery arm alongside NeuroRx's pharmaceutical-development work. The majority-owned network delivers interventional psychiatric care through neuroplastic drugs, TMS, digital therapeutics, and hyperbaric therapy, with clinics in Florida. The listed public issuer arose from a NeuroRx/SPAC merger.

Drug candidates require regulatory progress, while the newer clinic network depends on early care-delivery execution.

Company facts

CEOJonathan Javitt, M.D., M.P.H.
ListedMay 25, 2021
ExchangeNASDAQ
HeadquartersWilmington, DE
CountryUnited States
Employees29
CIK0001719406
ISINUS6294442099

Market cap$59.8M
EPS (ttm)−$0.7429
P/E (ttm)−4.66
ROE168.7%
P/B−766.28
P/S17.62
Dividend yieldDiv yield
Beta2.12vs XLV −0.14

Price target$2.00−42.2%Avg of 5 analysts
ConsensusBuy5 of 5 analysts
Ratings

Target rangeAs of Sep 2, 2026

Latest analyst notes

No analyst notes in the last 24 months.

Next report
Nov 13, 2026
in 71 days
EPS estimate
−$0.26
Revenue estimate
$1.3M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Nov '25Mar '26May '26Aug '26Aug '26Nov '26
Reported−$0.30−$0.34−$0.18$0.19−$0.04−$0.44−$0.44Pending
Estimate−$0.20−$0.30−$0.11−$0.09−$0.05−$0.11−$0.11−$0.26
Surprise−50.0%−13.3%−63.6%+311.1%+20.0%−312.5%−312.5%

RevenueReportedEstimate

Mar '25May '25Nov '25Mar '26May '26Aug '26Aug '26Nov '26
Reported$4.0K$2.3M$242.0K$983.0K$1.1M$1.1M$1.1MPending
Estimate$5.0M$7.5M$7.5M$19.4M$1.3M$1.3M$1.3M
Surprise−99.9%−96.8%−86.9%−94.5%−17.2%−17.2%
Estimate−$0.26
ReportedDue Nov 13, 2026
Estimate$1.3M
ReportedDue Nov 13, 2026
View details

Current ratio86.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$242.0K$983.0K$1.1M$1.1M
Net income−$1.6M−$9.1M−$5.5M−$17.6M−$5.9M$360.0K−$1.4M−$16.5M
Net margin0.0%36.6%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$3.0M−$3.6M−$3.8M−$3.7M−$4.1M−$4.6M−$4.7M−$6.5M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $26.7M · Total debt $1.2M · Total assets $34.2M · Shareholders' equity −$170.0K

Revenue
$1.1M
Operating income
−$6.5M
Net income
−$16.5M
View details

No dividends on record.

Institutions38 holders · as of Mar 31, 202635.90%6.20M shares
Insiders1 holder · as of Dec 18, 20240.49%84.6K shares
Strategic holders1 holder · as of May 26, 20210.38%65.6K shares
Otherremainder63.23%10.93M shares

17.29M company shares as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Two share counts disagree (43.30M in the company's Sep 3, 2026 report, 17.29M elsewhere); stakes use the report.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
B Group, Inc.Institution
17.36%3.00M13Fas of Mar 31, 2026
Anson Funds Management LPInstitution
9.28%1.60M13Gfiled Aug 14, 2025
Vanguard Capital Management LLCInstitution
6.71%1.16M13Fas of Mar 31, 2026
Advisorshares Investments LLCInstitution
2.43%420,46713Fas of Mar 31, 2026
Commonwealth Equity Services, LLCInstitution
2.30%397,43113Fas of Mar 31, 2026
See all 25

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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ComparePre-market

CompanyPriceChange
NRx Pharmaceuticals$3.38−2.16%$59.8M17.6
Johnson & Johnson$275.35+0.04%$663.23B31.923.16.8+6.6%
Neuronetics$2.71−2.17%$192.8M1.2+9.1%
AbbVie$264.00+0.88%$462.37B73.717.27.2+10.2%
Axsome Therapeutics$212.18+1.08%$10.80B1,800.713.9+44.2%
Atai Beckley$7.32−0.39%$2.72B607.9+137.0%
Median52.823.17.2+10.2%