Protara Therapeutics
Develops investigational therapies for cancer, lymphatic malformations, and patients receiving parenteral support.
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Profile
Develops TARA-002 for non-muscle-invasive bladder cancer and lymphatic malformations, alongside IV Choline Chloride for patients receiving parenteral support. The clinical-stage company has reported no product revenue.
Advances two investigational programs for cancer, rare-disease, and parenteral-support settings. Its portfolio consists of TARA-002 and IV Choline Chloride. Both programs remain investigational.
TARA-002 is a cell-based therapy in development for non-muscle-invasive bladder cancer and lymphatic malformations. IV Choline Chloride is being developed for patients receiving parenteral support.
Its current operating business entered the public market through a reverse merger after private ArTara merged with Proteon and is headquartered in New York. The company has reported no revenue since inception and says additional capital is needed to fully realize its plans.
Company facts
Key statistics
Year to date −29.2% · Average volume (30d) 375.3K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | −$0.33 | −$0.36 | −10.5% | — | $180.0K | — | −4.87% |
| May 13, 2026Q1 FY26 | −$0.36 | −$0.31 | +13.9% | — | — | — | +1.92% |
| Mar 10, 2026Q4 FY25 | −$0.32 | −$0.37 | −15.6% | — | — | — | −1.93% |
| Nov 10, 2025Q3 FY25 | −$0.39 | −$0.31 | +20.5% | — | — | — | +18.32% |
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 | $0 | $0 | $0 | $0 | −$90.0K | $0 | |
| Operating income | −$14.1M | −$16.6M | −$14.8M | −$19.1M | −$19.6M | −$23.3M | |
| Net income | −$11.9M | −$15.0M | −$13.3M | −$17.3M | −$17.8M | −$21.7M | |
| Diluted EPS | −$0.29 | −$0.35 | −$0.31 | −$0.38 | −$0.31 | −$0.36 | |
| Gross margin | — | — | — | — | — | — | |
| Operating margin | — | — | — | — | — | — |
Fiscal years (4-quarter sums)FY21 $0 · FY22 $0 · FY23 $0 · FY24 $0 · FY25 $0
Balance sheet, Jun 30, 2026Cash & short-term investments $17.1M · Total debt $2.7M · Total assets $176.1M · Shareholders' equity $161.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 56.20M · Float 49.16M · 87.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Janus Henderson Group PLC | 5.21M | 9.60% | 13G | May 15, 2026 |
| Jupiter Topco LLC | 4.70M | 8.36% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 3.66M | 6.52% | 13F | Aug 7, 2026 |
| Millennium Management LLC | 3.10M | 5.52% | 13F | Aug 14, 2026 |
| Velan Capital Investment Management LP | 2.84M | 5.06% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 29, 2026 | Jesse Shefferman | director, officer: CEO and President | −215,687 | $4.09 |
| Apr 8, 2026 | Jacqueline Zummo | officer: Chief R&D Officer | −1,134 | $5.40 |
| Apr 1, 2026 | Jacqueline Zummo | officer: Chief R&D Officer | −22,598 | $5.26 |
Peers
- Merck
Approved systemic PD-1 therapy in BCG-unresponsive NMIBC CIS
- ImmunityBio
Approved intravesical immunotherapy combined with BCG in NMIBC CIS
- CG Oncology
Investigational intravesical oncolytic immunotherapy across NMIBC risk groups
- enGene Therapeutics
Phase 2 intravesical gene therapy for BCG-unresponsive NMIBC CIS
- UroGen Pharma
Approved intravesical mitomycin in recurrent low-grade intermediate-risk NMIBC
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Protara Therapeutics | $3.82 | +0.26% | $214.7M | — | — | — | — |
| Merck | $148.19 | −0.08% | $366.18B | 118.7 | 17.2 | 5.5 | +5.1% |
| ImmunityBio | $8.07 | +0.25% | $8.43B | — | — | 50.9 | +93.9% |
| CG Oncology | $73.91 | −0.57% | $6.56B | — | — | 1,052.8 | — |
| enGene Therapeutics | $1.83 | +0.08% | $122.3M | — | — | — | — |
| UroGen Pharma | $43.62 | −0.02% | $2.13B | — | 35.5 | 11.3 | +199.2% |
| Median | 118.7 | 26.3 | 31.1 | +93.9% |







