TTRX · NASDAQ · Biotechnology

Turn Therapeutics (TTRX)

Develops GX-03 for skin disease while licensing medical-device products.

$9.82
At close−0.00 (−0.05%)
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Turn Therapeutics Inc.TTRXHealth Care

Develops the topical GX-03 candidate for atopic dermatitis and a subsequent onychomycosis program, supported by the PermaFusion drug-performance platform. The business combines internal drug development with third-party licensing or sales of a legacy FDA-cleared device portfolio.

GX-03 is the central program in a dermatology-focused clinical-development portfolio. The topical candidate is in an adaptive Phase 2 study for atopic dermatitis, while the company describes onychomycosis as a subsequent drug-development program. PermaFusion, a platform intended to enhance drug performance, underpins this work. Earlier GX-03 wound-care applications and other FDA-cleared devices form a separate device legacy.

Operations pair third-party licensing or sale of medical-device products with internal drug development. Manufacturing, packaging, and sterilization are performed in the United States. Progress depends on clinical-trial results, regulatory clearances or approvals, commercial partners, manufacturing, intellectual-property protection, and access to capital.

Company facts

CEOBradley Burnam
ListedOct 8, 2025
ExchangeNASDAQ
HeadquartersWestlake Village, CA
CountryUnited States
Employees2
CIK0002023016
ISINUS90021W1053

Market cap$288.1M
EPS (ttm)−$0.2914
P/E (ttm)−33.18
ROE-280.4%
P/B419.36
P/S0.00
Dividend yieldDiv yield
Beta1.54vs XLV −0.46

No analyst consensus on record.

Next report
Nov 12, 2026
estimated · in 70 days
EPS estimate
−$0.09
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Nov '25Mar '26May '26Aug '26Aug '26Nov '26
Reported−$0.07−$0.09−$0.03−$0.07−$0.20Pending
Estimate−$0.05−$0.02−$0.02−$0.02−$0.09
Surprise−76.5%−50.0%−250.0%−900.0%

RevenueReportedEstimate

Nov '25Mar '26May '26Aug '26Aug '26Nov '26
ReportedPending
Estimate
Surprise
Estimate−$0.09
ReportedDue Nov 12, 2026
Estimate
ReportedDue Nov 12, 2026
View details

Debt to equity891.10%
Current ratio119.00%

ProfitabilityRevenueNet incomeNet margin

Q2 FY24Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0
Net income−$351.9K−$1.2M−$1.9M$279.1K−$971.0K−$5.8M
Net margin

GrowthOperating income

Q2 FY24Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$360.2K−$1.4M−$1.9M−$2.2M−$1.2M−$1.6M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $10.3M · Total debt $6.1M · Total assets $17.0M · Shareholders' equity $686.9K

Revenue
$0
Operating income
−$1.6M
Net income
−$5.8M
View details

No dividends on record.

Institutions20 holders · as of Mar 31, 20261.55%462.3K shares
Otherremainder98.45%29.33M shares

29.79M company shares as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

The share count has not been confirmed by a second filing; stakes use it as it stands.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
DDFG, IncInstitution
0.24%70,53413Fas of Mar 31, 2026
Millennium Management LLCInstitution
0.23%69,75713Fas of Mar 31, 2026
Wellington Shields & Co., LLCInstitution
0.22%65,73213Fas of Mar 31, 2026
Vanguard Capital Management LLCInstitution
0.17%49,45013Fas of Mar 31, 2026
Tamar Securities, LLCInstitution
0.10%30,00013Fas of Mar 31, 2026
See all 20

13F — a manager's quarterly holdings

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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Compare

CompanyPriceChange
Turn Therapeutics$9.82−0.05%$288.1M
Incyte$128.82+3.05%$26.11B16.453.44.5+37.7%
Arcutis Biotherapeutics$24.04+0.81%$2.98B114.430.46.4+59.3%
Organon$13.76−0.15%$3.62B17.93.90.6−2.3%
Sanofi (ADR)$44.52+0.12%$106.78B78.21.9+11.2%
Pfizer$28.98−0.17%$165.40B38.310.42.6+2.6%
Eli Lilly$1,167.77+0.72%$1.09T38.928.413.7+47.7%
Bausch Health$6.82−0.07%$2.55B1.50.2+11.2%
Median38.619.42.6+11.2%