Scholar Rock
Develops anti-myostatin antibodies for spinal muscular atrophy and other neuromuscular diseases.
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Profile
Develops selective antibody therapies for spinal muscular atrophy and other rare neuromuscular diseases, led by the investigational myostatin inhibitor apitegromab. With no approved products or product sales, the business depends on regulatory clearance, launch execution, and third-party manufacturing.
Develops antibody medicines that selectively block activation of latent growth factors, with a strategic focus on rare neuromuscular diseases. Apitegromab, an investigational myostatin inhibitor, has completed a successful pivotal study in spinal muscular atrophy and is under U.S. and European regulatory review. Studies in younger SMA patients and facioscapulohumeral muscular dystrophy, a subcutaneous apitegromab formulation, and SRK-439 extend the anti-myostatin pipeline.
Prepares for potential launches in the United States and Europe while seeking partners for oncology, fibrosis, anemia, and weight-loss combination programs. No product has been approved or generated product sales. Commercialization depends on regulatory clearance, reimbursement, and third-party manufacturing; following an adverse inspection classification at the original fill-finish provider, the U.S. application is proceeding with an alternate facility.
Company facts
Key statistics
Year to date +35.0% · Average volume (30d) 1.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 21, 2026 | Wedbush | Reiterate | Outperform | $64 | |
| Aug 7, 2026 | BMO Capital | Reiterate | Outperform | $50 | $76 |
| May 8, 2026 | Barclays | Reiterate | Overweight | $53 | $55 |
| May 8, 2026 | H.C. Wainwright | Target | $58 | $65 | |
| Apr 20, 2026 | Canaccord Genuity | Target | $62 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | −$0.84 | −$0.84 | +0.1% | $70.0K | $0 | −100.0% | +9.96% |
| May 7, 2026Q1 FY26 | −$0.82 | −$0.83 | −1.2% | $5.0M | — | — | +4.18% |
| Mar 3, 2026Q4 FY25 | −$0.88 | −$0.88 | +0.3% | $1.8M | — | — | +7.04% |
| Nov 14, 2025Q3 FY25 | −$0.84 | −$0.90 | −7.8% | $50.0K | — | — | −2.51% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gross profit | −$48.7M | −$417.0K | −$50.5M | −$46.9M | −$335.0K | $0 | |
| Operating income | −$77.1M | −$112.1M | −$103.6M | −$91.9M | −$102.0M | −$108.9M | |
| Net income | −$74.7M | −$110.0M | −$102.2M | −$91.0M | −$105.5M | −$109.9M | |
| Diluted EPS | −$0.67 | −$0.98 | −$0.90 | −$0.74 | −$0.83 | −$0.84 | |
| Gross margin | — | — | — | — | — | — | |
| Operating margin | — | — | — | — | — | — |
Fiscal years (4-quarter sums)FY21 $18.8M · FY22 $33.2M · FY23 $0 · FY24 $0 · FY25 $0
Balance sheet, Jun 30, 2026Cash & short-term investments $492.1M · Total debt $203.8M · Total assets $523.5M · Shareholders' equity $253.8M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 119.83M · Float 96.39M · 80.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 18.00M | 15.02% | 13F | Aug 13, 2026 |
| Invus Public Equities, L.P. | 10.83M | 11.40% | 13G | Feb 12, 2025 |
| Invus Global Management, LLC · 10 percent owner | 10.83M | 9.03% | Form 4 | Feb 6, 2026 |
| Siren, L.L.C. | 9.58M | 7.99% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 9.49M | 7.92% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 1, 2026 | Katie Peng | director | −5,446 | $53.88 |
| Jul 1, 2026 | Joshua Reed | director | −3,053 | $53.74 |
| Jul 1, 2026 | Kristina Burow | director | −3,053 | $53.74 |
| Jul 1, 2026 | Michael Gilman | director | −2,544 | $53.87 |
| Jul 1, 2026 | Jeffrey S. Flier | director | −3,053 | $53.88 |
Peers
- Biogen
Intrathecal SMA incumbent with next-generation ASO follow-on
- Novartis (ADR)
Gene-therapy SMA incumbent with acquired FSHD RNA pipeline
- Dyne Therapeutics
FSHD DUX4-silencing pipeline peer in neuromuscular disease
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Scholar Rock | $57.80 | 0.00% | $6.93B | — | — | — | — |
| Biogen | $218.19 | −0.14% | $32.28B | 38.7 | 16.5 | 3.2 | +3.4% |
| Novartis (ADR) | $153.81 | 0.00% | $292.35B | 23.2 | 16.4 | 5.3 | +0.9% |
| Dyne Therapeutics | $25.07 | −0.04% | $4.68B | — | — | — | — |
| Median | 30.9 | 16.5 | 4.3 | +2.2% |





