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About

Edgewise Therapeutics, Inc., a biopharmaceutical company, discovers, develops, and commercializes therapies for the treatment of muscle disorders. Its lead product candidate, sevasemten, an orally administered small molecule that is in Phase II clinical trials, designed to address the root cause of dystrophinopathies including Duchenne muscular dystrophy and Becker muscular dystrophy. The company develops EDG-7500, a small molecule for the treatment of hypertrophic cardiomyopathy and other severe cardiac disorders that is in Phase I clinical trials; and EDG-15400, a novel small molecule for the treatment of heart failure with preserved ejection fraction. In addition, it develops a pipeline of precision medicine product candidates that target key muscle proteins and modulators to address genetically defined muscle disorders. The company was incorporated in 2017 and is headquartered in Boulder, Colorado.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 3.07B
Enterprise Value 2.55B Income -167.80M Sales —
Book/sh 4.92 Cash/sh 4.94 Dividend Yield —
Payout 0.00% Employees 146 IPO —
P/E — Forward P/E -12.39 PEG —
P/S — P/B 5.83 P/C —
EV/EBITDA -13.46 EV/Sales — Quick Ratio 19.37
Current Ratio 19.85 Debt/Eq 0.76 LT Debt/Eq —
EPS (ttm) -1.63 EPS next Y -2.31 EPS Growth —
Revenue Growth — Earnings 2026-05-07 ROA -23.02%
ROE -34.19% ROIC — Gross Margin 0.00%
Oper. Margin 0.00% Profit Margin 0.00% Shs Outstand 107.27M
Shs Float 67.60M Short Float 10.51% Short Ratio 8.61
Short Interest — 52W High 31.82 52W Low 10.60
Beta 0.27 Avg Volume 1.34M Volume 1.14M
Target Price $40.17 Recom Buy Prev Close $27.82
Price $28.66 Change 3.02%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$40.17
Mean price target
2. Current target
$29.62
Latest analyst target
3. DCF / Fair value
$-14.66
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$29.62
Low
$20.00
High
$51.00
Mean
$40.17

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-27 main Evercore ISI Group Outperform → Outperform $45
2025-11-14 main JP Morgan Overweight → Overweight $34
2025-11-07 main RBC Capital Outperform → Outperform $50
2025-11-07 main Wedbush Outperform → Outperform $32
2025-09-25 init Goldman Sachs — → Neutral $20
2025-08-19 main JP Morgan Overweight → Overweight $30
2025-08-08 main RBC Capital Outperform → Outperform $49
2025-06-30 init HC Wainwright & Co. — → Buy $42
2025-06-05 reit RBC Capital Outperform → Outperform $48
2025-05-16 main JP Morgan Overweight → Overweight $40
2025-05-09 main RBC Capital Outperform → Outperform $48
2025-04-21 main Wedbush Outperform → Outperform $43
2025-04-03 main RBC Capital Outperform → Outperform $52
2025-04-03 down Scotiabank Sector Outperform → Sector Perform $14
2025-04-02 main Piper Sandler Overweight → Overweight $51
2025-03-07 init Scotiabank — → Sector Outperform $50
2025-03-04 reit RBC Capital Outperform → Outperform $56
2025-01-22 init Stifel — → Hold $30
2024-12-17 main Evercore ISI Group Outperform → Outperform $50
2024-11-27 main Truist Securities Buy → Buy $50
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 115471 3399466.0 — Sale at price 29.44 per share. EDRIS BADREDDIN Director — 2026-01-21 00:00:00 D
1 115471 170264.0 — Conversion of Exercise of derivative security at price 0.39 - 1.93 per share. EDRIS BADREDDIN Director — 2026-01-21 00:00:00 D
2 473 — — Stock Award(Grant) at price 0.00 per share. FOX JONATHAN C Director — 2026-01-02 00:00:00 D
3 100000 2112450.0 — Sale at price 21.12 per share. RUSSELL ALAN J Officer and Director — 2025-11-12 00:00:00 D
4 100000 18000.0 — Conversion of Exercise of derivative security at price 0.18 per share. RUSSELL ALAN J Officer and Director — 2025-11-12 00:00:00 D
5 10700 199403.0 — Purchase at price 18.64 per share. FOX JONATHAN C Director — 2025-11-11 00:00:00 D
6 728 — — Stock Award(Grant) at price 0.00 per share. FOX JONATHAN C Director — 2025-10-01 00:00:00 D
7 100000 1459760.0 — Sale at price 14.60 per share. RUSSELL ALAN J Officer and Director — 2025-08-26 00:00:00 D
8 100000 18000.0 — Conversion of Exercise of derivative security at price 0.18 per share. RUSSELL ALAN J Officer and Director — 2025-08-26 00:00:00 D
9 1428 19124.0 — Sale at price 13.39 per share. CARRUTHERS ROBERT MICHAEL Chief Financial Officer — 2025-08-12 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-189.14M-156.54M-112.62M-71.12M
NetIncomeFromContinuingOperationNetMinorityInterest-167.79M-133.81M-100.16M-67.64M
ReconciledDepreciation2.27M2.29M1.73M538.00K
EBITDA-189.14M-156.54M-112.62M-71.12M
EBIT-191.41M-158.83M-114.36M-71.66M
NetInterestIncome23.61M25.02M14.19M4.02M
InterestIncome23.61M25.02M14.19M4.02M
NormalizedIncome-167.79M-133.81M-100.16M-67.64M
NetIncomeFromContinuingAndDiscontinuedOperation-167.79M-133.81M-100.16M-67.64M
TotalExpenses191.41M158.83M114.36M71.66M
TotalOperatingIncomeAsReported-191.41M-158.83M-114.36M-71.66M
DilutedAverageShares94.72M63.72M63.23M37.53M
BasicAverageShares94.72M63.72M63.23M37.53M
DilutedEPS-0.42-1.57-0.31-1.14
BasicEPS-0.42-1.57-0.31-1.14
DilutedNIAvailtoComStockholders-167.79M-133.81M-100.16M-67.64M
NetIncomeCommonStockholders-167.79M-133.81M-100.16M-67.64M
NetIncome-167.79M-133.81M-100.16M-67.64M
NetIncomeIncludingNoncontrollingInterests-167.79M-133.81M-100.16M-67.64M
NetIncomeContinuousOperations-167.79M-133.81M-100.16M-67.64M
PretaxIncome-167.79M-133.81M-100.16M-67.64M
NetNonOperatingInterestIncomeExpense23.61M25.02M14.19M4.02M
InterestIncomeNonOperating23.61M25.02M14.19M4.02M
OperatingIncome-191.41M-158.83M-114.36M-71.66M
OperatingExpense191.41M158.83M114.36M71.66M
ResearchAndDevelopment151.39M126.97M90.91M54.03M
SellingGeneralAndAdministration40.02M31.87M23.45M17.63M
GeneralAndAdministrativeExpense40.02M31.87M23.45M17.63M
OtherGandA40.02M31.87M23.45M17.63M
TotalRevenue0.000.000.000.00
OperatingRevenue0.000.000.000.00
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber106.25M94.84M70.45M63.26M
ShareIssued106.25M94.84M70.45M63.26M
TotalDebt3.99M4.74M5.41M4.41M
TangibleBookValue522.26M459.22M318.83M346.72M
InvestedCapital522.26M459.22M318.83M346.72M
WorkingCapital516.01M451.62M310.23M340.41M
NetTangibleAssets522.26M459.22M318.83M346.72M
CapitalLeaseObligations3.99M4.74M5.41M4.41M
CommonStockEquity522.26M459.22M318.83M346.72M
TotalCapitalization522.26M459.22M318.83M346.72M
TotalEquityGrossMinorityInterest522.26M459.22M318.83M346.72M
StockholdersEquity522.26M459.22M318.83M346.72M
GainsLossesNotAffectingRetainedEarnings677.00K420.00K99.00K-1.35M
OtherEquityAdjustments677.00K420.00K99.00K-1.35M
RetainedEarnings-546.37M-378.58M-244.76M-144.60M
AdditionalPaidInCapital1.07B837.36M563.49M492.67M
CapitalStock10.00K9.00K7.00K6.00K
CommonStock10.00K9.00K7.00K6.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest30.35M27.60M21.20M20.39M
TotalNonCurrentLiabilitiesNetMinorityInterest2.98M3.74M4.43M3.80M
OtherNonCurrentLiabilities329.00K
PreferredSecuritiesOutsideStockEquity0.00
LongTermDebtAndCapitalLeaseObligation2.98M3.74M4.43M3.80M
LongTermCapitalLeaseObligation2.98M3.74M4.43M3.80M
CurrentLiabilities27.37M23.86M16.77M16.59M
CurrentDebtAndCapitalLeaseObligation1.01M996.00K980.00K608.00K
CurrentCapitalLeaseObligation1.01M996.00K980.00K608.00K
PensionandOtherPostRetirementBenefitPlansCurrent12.43M10.06M5.70M4.03M
PayablesAndAccruedExpenses13.93M12.81M10.10M11.95M
CurrentAccruedExpenses7.92M7.23M6.07M5.84M
Payables6.01M5.58M4.03M6.11M
AccountsPayable6.01M5.58M4.03M6.11M
TotalAssets552.60M486.82M340.04M367.10M
TotalNonCurrentAssets9.22M11.33M13.04M10.10M
OtherNonCurrentAssets262.00K348.00K251.00K548.00K
NetPPE9.22M11.07M12.69M9.85M
AccumulatedDepreciation-6.77M-4.68M-2.62M-1.06M
GrossPPE15.99M15.76M15.31M10.92M
Leases9.65M9.65M8.73M0.00
ConstructionInProgress77.00K0.0080.00K7.34M
OtherProperties5.46M5.30M5.72M3.30M
MachineryFurnitureEquipment807.00K807.00K778.00K281.00K
Properties0.000.000.000.00
CurrentAssets543.38M475.48M327.00M357.00M
OtherCurrentAssets13.28M5.31M8.60M5.05M
PrepaidAssets5.05M2.98M
CashCashEquivalentsAndShortTermInvestments530.11M470.17M318.39M351.95M
OtherShortTermInvestments468.96M428.50M232.30M329.95M
CashAndCashEquivalents61.15M41.67M86.10M21.99M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-144.07M-110.34M-97.69M-58.18M
IssuanceOfCapitalStock187.36M239.15M52.62M129.16M
CapitalExpenditure-256.00K-1.31M-5.75M-5.55M
EndCashPosition61.15M41.67M86.10M21.99M
BeginningCashPosition41.67M86.10M21.99M15.57M
ChangesInCash19.48M-44.43M64.10M6.43M
FinancingCashFlow196.09M249.25M53.17M129.64M
CashFlowFromContinuingFinancingActivities196.09M249.25M53.17M129.64M
NetOtherFinancingCharges-262.00K-165.00K-251.00K-124.00K
ProceedsFromStockOptionExercised8.73M10.37M713.00K725.00K
NetPreferredStockIssuance0.00
PreferredStockIssuance0.00
NetCommonStockIssuance187.36M239.15M52.62M129.16M
CommonStockIssuance187.36M239.15M52.62M129.16M
InvestingCashFlow-32.79M-184.66M102.89M-70.58M
CashFlowFromContinuingInvestingActivities-32.79M-184.66M102.89M-70.58M
NetInvestmentPurchaseAndSale-32.53M-183.34M108.63M-65.03M
SaleOfInvestment494.69M293.71M364.50M227.36M
PurchaseOfInvestment-527.23M-477.06M-255.87M-292.39M
NetPPEPurchaseAndSale-256.00K-1.31M-5.75M-5.55M
PurchaseOfPPE-256.00K-1.31M-5.75M-5.55M
OperatingCashFlow-143.82M-109.03M-91.95M-52.63M
CashFlowFromContinuingOperatingActivities-143.82M-109.03M-91.95M-52.63M
ChangeInWorkingCapital-5.37M10.33M-1.56M4.09M
ChangeInOtherWorkingCapital1.24M1.62M
ChangeInOtherCurrentLiabilities-748.00K-220.00K-104.00K2.92M
ChangeInPayablesAndAccruedExpense3.34M7.26M2.10M2.62M
ChangeInAccruedExpense3.06M5.52M2.19M2.57M
ChangeInPayable272.00K1.74M-92.00K47.00K
ChangeInAccountPayable272.00K1.74M-92.00K47.00K
ChangeInPrepaidAssets-7.96M3.29M-3.55M-1.45M
StockBasedCompensation34.75M24.71M17.56M10.92M
AmortizationOfSecurities-7.67M-12.54M-9.52M-543.00K
DepreciationAmortizationDepletion2.27M2.29M1.73M538.00K
DepreciationAndAmortization2.27M2.29M1.73M538.00K
Depreciation2.27M2.29M1.73M538.00K
NetIncomeFromContinuingOperations-167.79M-133.81M-100.16M-67.64M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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