PRQR · NASDAQ · Biotechnology

ProQR Therapeutics (PRQR)

Develops Axiomer RNA-editing medicines, led by AX-0810 for cholestatic diseases.

$2.30
Pre-market+0.14 (+6.73%)
At close$2.16(+1.65%)
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ProQR Therapeutics N.V.PRQRHealth Care

Develops RNA-editing medicines through the Axiomer platform, with AX-0810 in a first-in-human study for cholestatic diseases. The clinical-stage company shifted away from inherited-retinal-disease programs and maintains a liver and nervous-system collaboration with Eli Lilly.

Develops RNA-editing medicines using Axiomer, a platform that employs endogenous ADAR machinery to make targeted single-nucleotide RNA edits. The platform supports programs intended to correct or modulate RNA, following the 2022 shift away from inherited-retinal-disease programs.

AX-0810, an NTCP-targeting editing oligonucleotide for cholestatic diseases, leads the internal pipeline in a first-in-human Phase 1 study. AX-0811 is in late non-clinical development, and AX-0422 targets Hurler syndrome in non-clinical development.

Based in Leiden, the Netherlands, with a U.S. office in Cambridge, Massachusetts, the clinical-stage organization also works with Eli Lilly on potential medicines for genetic disorders in the liver and nervous system. Progress depends on clinical-trial execution and regulatory interactions.

Company facts

CEODaniel A. de Boer
ListedSep 18, 2014
ExchangeNASDAQ
HeadquartersLeiden, Netherlands
CountryNetherlands
Employees187
CIK0001612940
ISINNL0010872495

Market cap$226.4M
EPS (ttm)−$0.4594
P/E (ttm)−4.68
ROE-68.4%
P/B2.57
P/S10.51
Dividend yieldDiv yield
Beta1.68vs XLV 0.50

Price target$3.00+39.5%Avg of 12 analysts
ConsensusBuy11 of 12 analysts
Ratings

Target rangeAs of Sep 2, 2026

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Aug 20, 2026Bank of America SecuritiesInitiateBuy
Jun 25, 2026Chardan CapitalTarget$2$3
Oct 29, 2024Raymond JamesUpgradeOutperformStrong Buy

Next report
Nov 5, 2026
estimated · in 63 days
EPS estimate
−$0.11
Revenue estimate
$3.8M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.10−$0.11−$0.14−$0.12−$0.09−$0.15−$0.10Pending
Estimate−$0.10−$0.09−$0.08−$0.10−$0.08−$0.15−$0.13−$0.11
Surprise0.0%−22.2%−75.0%−20.0%−12.5%0.0%+23.2%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$4.5M$5.0M$4.5M$3.4M$5.5M$2.3M$10.0MPending
Estimate$5.4M$4.8M$5.5M$6.1M$6.6M$5.2M$4.6M$3.8M
Surprise−18.1%+3.1%−18.2%−44.2%−16.4%−54.7%+119.3%
Estimate−$0.11
ReportedDue Nov 5, 2026
Estimate$3.8M
ReportedDue Nov 5, 2026
View details

Debt to equity16.60%
Current ratio348.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$4.5M$5.0M$5.2M$4.4M$3.4M$5.4M$2.4M$10.3M
Net income−$9.4M−$10.8M−$11.7M−$14.1M−$12.8M−$10.4M−$15.8M−$10.3M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$10.1M−$11.7M−$12.6M−$14.2M−$13.1M−$10.6M−$16.1M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $135.9M · Total debt $15.3M · Total assets $154.9M · Shareholders' equity $92.2M

Revenue
$10.3M
Operating income
Net income
−$10.3M

Reported in EUR, converted at the latest exchange rate

View details

No dividends on record.

Institutions69 holders · as of Mar 31, 202633.30%35.09M ADS
Insiders6 holders · as of Aug 3, 20262.33%2.46M ADS
Otherremainder64.37%67.82M ADS

105.36M ADS as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Adage Capital Management, L.P.Institution
6.27%6.60M13Gfiled Aug 12, 2025
Adage Capital Partners GP, L.L.C.Institution
5.94%6.25M ADS13Fas of Mar 31, 2026
Privium Fund Management B.V.Institution
5.19%5.47M ADS13Fas of Mar 31, 2026
Abrdn PLCInstitution
3.15%3.32M ADS13Fas of Mar 31, 2026
Affinity Asset Advisors, LLCInstitution
2.33%2.45M ADS13Fas 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

DateInsiderRoleSharesAvg price
Jul 31, 2026Daniel Anton de Boerdirector, officer: Chief Executive Officer+200,000$1.77
Jul 17, 2026Bart Filiusdirector+150,000$1.72
Jul 9, 2026Daniel Anton de Boerdirector, officer: Chief Executive Officer+150,000$1.74
Jul 7, 2026Daniel Anton de Boerdirector, officer: Chief Executive Officer+150,000$1.59
Jun 26, 2026Bart Filiusdirector+150,000$1.54
View details

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