LYRA Chart
About

Lyra Therapeutics, Inc., a clinical-stage biotechnology company, focuses on the development and commercialization of anti-inflammatory therapies for the treatment of patients with chronic rhinosinusitis. Its technology is designed to deliver medicines directly to the affected tissue for sustained periods with a single administration. The company's product candidates include LYR-210, an anti-inflammatory implantable drug matrix which is in Phase III clinical trial for the treatment of chronic rhinosinusitis (CRS); and LYR-220 for CRS patients who have failed previous medical management and continue to require treatment to manage CRS symptoms. It has a collaboration agreement with LianBio Inflammatory Limited to develop and commercialize LYR-210 in mainland China, Hong Kong, Taiwan, Macau, South Korea, Singapore, and Thailand. The company was formerly known as 480 Biomedical, Inc. and changed its name to Lyra Therapeutics, Inc. in July 2018. Lyra Therapeutics, Inc. was incorporated in 2005 and is headquartered in Watertown, Massachusetts.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 2.59M
Enterprise Value 11.91M Income -32.95M Sales 600.00K
Book/sh -2.63 Cash/sh 12.43 Dividend Yield —
Payout 0.00% Employees 30 IPO —
P/E — Forward P/E -1.47 PEG —
P/S 4.32 P/B -0.55 P/C —
EV/EBITDA -0.37 EV/Sales 19.84 Quick Ratio 2.33
Current Ratio 2.43 Debt/Eq — LT Debt/Eq —
EPS (ttm) -22.90 EPS next Y -0.99 EPS Growth —
Revenue Growth -87.20% Earnings 2025-11-12 16:00 ROA -33.08%
ROE -4.04% ROIC — Gross Margin 0.00%
Oper. Margin -250.32% Profit Margin 0.00% Shs Outstand 1.77M
Shs Float 365.70K Short Float 3.92% Short Ratio 0.45
Short Interest — 52W High 37.50 52W Low 1.21
Beta -0.06 Avg Volume 88.93K Volume 1.04K
Target Price $16.00 Recom None Prev Close $1.46
Price $1.46 Change 0.34%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$16.00
Mean price target
2. Current target
$1.46
Latest analyst target
3. DCF / Fair value
$-205.83
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.46
Low
$16.00
High
$16.00
Mean
$16.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-08-14 reit HC Wainwright & Co. Neutral → Neutral $16
2025-06-10 main HC Wainwright & Co. Neutral → Neutral $16
2025-03-14 reit HC Wainwright & Co. Neutral → Neutral $2
2024-08-15 reit Cantor Fitzgerald — → Overweight —
2024-08-15 reit HC Wainwright & Co. Neutral → Neutral $2
2024-06-20 reit Cantor Fitzgerald — → Overweight —
2024-05-07 down HC Wainwright & Co. Buy → Neutral $2
2024-05-07 down Jefferies Buy → Hold $1
2024-05-06 down BTIG Buy → Neutral —
2024-05-01 reit HC Wainwright & Co. Buy → Buy $12
2024-03-25 main B of A Securities Buy → Buy $11
2024-03-22 reit HC Wainwright & Co. Buy → Buy $12
2023-10-02 reit HC Wainwright & Co. Buy → Buy $12
2023-09-12 main B of A Securities Buy → Buy $15
2023-08-31 init HC Wainwright & Co. — → Buy $12
2023-02-07 main BTIG — → Buy $20
2022-05-24 init Cantor Fitzgerald — → Overweight $15
2020-05-26 init B of A Securities — → Buy $21
2020-05-26 init Jefferies — → Buy $24
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1702 5726.0 — Sale at price 3.36 per share. PALASIS MARIA Chief Executive Officer — 2026-01-06 00:00:00 D
1 769 2587.0 — Sale at price 3.36 per share. CAVALIER JASON Chief Financial Officer — 2026-01-06 00:00:00 D
2 45875 182515.0 — Sale at price 3.90 - 4.31 per share. PERCEPTIVE ADVISORS LLC Beneficial Owner of more than 10% of a Class of Security — 2025-11-13 00:00:00 I
3 70390 344219.0 — Sale at price 4.54 - 5.18 per share. PERCEPTIVE ADVISORS LLC Beneficial Owner of more than 10% of a Class of Security — 2025-11-10 00:00:00 I
4 1565 13944.0 — Sale at price 8.91 per share. PALASIS MARIA Chief Executive Officer — 2025-07-10 00:00:00 D
5 684 6094.0 — Sale at price 8.91 per share. CAVALIER JASON Chief Financial Officer — 2025-07-10 00:00:00 D
6 800000 nan — — PALASIS MARIA Chief Executive Officer — 2025-01-08 00:00:00 D
7 420000 nan — — CAVALIER JASON Chief Financial Officer — 2025-01-08 00:00:00 D
8 300000 nan — — PALASIS MARIA Chief Executive Officer — 2024-10-16 00:00:00 D
9 100000 nan — — CAVALIER JASON Chief Financial Officer — 2024-10-16 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.00-276.36K0.00
TaxRateForCalcs0.000.000.210.00
NormalizedEBITDA-24.65M-63.66M-52.61M-42.61M
TotalUnusualItems-35.62M-1.59M-1.32M0.00
TotalUnusualItemsExcludingGoodwill-35.62M-1.59M-1.32M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-93.44M-62.68M-55.28M-43.51M
ReconciledDepreciation471.00K278.00K1.07M1.00M
EBITDA-60.26M-65.25M-53.92M-42.61M
EBIT-60.73M-65.53M-54.99M-43.62M
NetInterestIncome2.95M4.50M1.04M102.00K
InterestIncome2.95M4.50M1.04M102.00K
NormalizedIncome-57.82M-61.09M-54.24M-43.51M
NetIncomeFromContinuingAndDiscontinuedOperation-93.44M-62.68M-55.28M-43.51M
TotalExpenses62.27M67.09M56.35M43.90M
TotalOperatingIncomeAsReported-96.35M-67.12M-56.31M-43.62M
DilutedAverageShares1.30M996.09K604.71K259.72K
BasicAverageShares1.30M996.09K604.71K259.72K
DilutedEPS-71.50-63.00-91.50-167.50
BasicEPS-71.50-63.00-91.50-167.50
DilutedNIAvailtoComStockholders-93.44M-62.68M-55.28M-43.51M
NetIncomeCommonStockholders-93.44M-62.68M-55.28M-43.51M
OtherunderPreferredStockDividend0.00
NetIncome-93.44M-62.68M-55.28M-43.51M
NetIncomeIncludingNoncontrollingInterests-93.44M-62.68M-55.28M-43.51M
NetIncomeContinuousOperations-93.44M-62.68M-55.28M-43.51M
TaxProvision39.00K59.00K13.00K0.00
PretaxIncome-93.40M-62.62M-55.27M-43.51M
OtherIncomeExpense-35.62M-1.59M-1.32M
SpecialIncomeCharges-35.62M-1.59M-1.32M0.00
ImpairmentOfCapitalAssets24.72M1.59M1.32M0.00
RestructuringAndMergernAcquisition10.90M0.00
NetNonOperatingInterestIncomeExpense2.95M4.50M1.04M102.00K
InterestIncomeNonOperating2.95M4.50M1.04M102.00K
OperatingIncome-60.73M-65.53M-54.99M-43.62M
OperatingExpense62.27M67.09M56.35M43.90M
ResearchAndDevelopment43.77M48.03M38.80M29.69M
SellingGeneralAndAdministration18.50M19.06M17.56M14.21M
GeneralAndAdministrativeExpense18.50M19.06M17.56M14.21M
OtherGandA18.50M19.06M17.56M14.21M
TotalRevenue1.53M1.56M1.36M285.00K
OperatingRevenue1.53M1.56M1.36M285.00K
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber1.31M1.14M636.55K260.14K
ShareIssued1.31M1.14M636.55K260.14K
TotalDebt34.38M26.88M4.18M1.45M
TangibleBookValue11.59M89.42M80.75M34.32M
InvestedCapital11.59M89.42M80.75M34.32M
WorkingCapital30.39M85.22M86.36M29.67M
NetTangibleAssets11.59M89.42M80.75M34.32M
CapitalLeaseObligations34.38M26.88M4.18M1.45M
CommonStockEquity11.59M89.42M80.75M34.32M
TotalCapitalization11.59M89.42M80.75M34.32M
TotalEquityGrossMinorityInterest11.59M89.42M80.75M34.32M
StockholdersEquity11.59M89.42M80.75M34.32M
GainsLossesNotAffectingRetainedEarnings0.0033.00K10.00K0.00
OtherEquityAdjustments33.00K10.00K
RetainedEarnings-404.79M-311.36M-248.68M-193.40M
AdditionalPaidInCapital416.32M400.69M329.39M227.70M
CapitalStock65.00K57.00K32.00K13.00K
CommonStock65.00K57.00K32.00K13.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest54.75M53.18M29.21M20.55M
TotalNonCurrentLiabilitiesNetMinorityInterest42.12M33.58M14.74M2.31M
NonCurrentDeferredLiabilities11.86M12.14M14.08M1.93M
NonCurrentDeferredRevenue11.86M12.14M14.08M1.93M
LongTermDebtAndCapitalLeaseObligation30.26M21.45M667.00K379.00K
LongTermCapitalLeaseObligation30.26M21.45M667.00K379.00K
CurrentLiabilities12.63M19.60M14.47M18.25M
OtherCurrentLiabilities4.82M1.23M659.00K633.00K
CurrentDeferredLiabilities398.00K1.66M1.27M9.79M
CurrentDeferredRevenue398.00K1.66M1.27M9.79M
CurrentDebtAndCapitalLeaseObligation4.12M5.43M3.51M1.07M
CurrentCapitalLeaseObligation4.12M5.43M3.51M1.07M
PensionandOtherPostRetirementBenefitPlansCurrent2.43M
PayablesAndAccruedExpenses3.29M11.27M9.03M6.75M
CurrentAccruedExpenses2.11M8.14M6.41M3.62M
Payables1.18M3.13M2.62M3.12M
AccountsPayable1.18M3.13M2.62M3.12M
TotalAssets66.35M142.60M109.97M54.87M
TotalNonCurrentAssets23.32M37.78M9.14M6.95M
OtherNonCurrentAssets1.99M2.50M4.67M1.09M
NetPPE21.33M35.28M4.47M5.86M
AccumulatedDepreciation-4.13M-1.92M-4.17M-3.88M
GrossPPE25.46M37.20M8.64M9.74M
Leases486.00K461.00K397.00K2.11M
ConstructionInProgress0.00
OtherProperties23.85M35.97M7.25M6.65M
MachineryFurnitureEquipment1.12M767.00K998.00K976.00K
Properties0.000.000.000.00
CurrentAssets43.02M104.82M100.83M47.92M
OtherCurrentAssets2.45M2.07M2.94M2.17M
PrepaidAssets2.17M
CashCashEquivalentsAndShortTermInvestments40.58M102.75M97.89M45.75M
OtherShortTermInvestments0.0080.40M65.34M0.00
CashAndCashEquivalents40.58M22.35M32.55M45.75M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-72.35M-64.35M-43.55M-29.20M
IssuanceOfCapitalStock8.82M69.24M100.50M0.00
CapitalExpenditure-2.34M-1.05M-164.00K-3.38M
EndCashPosition42.57M23.75M33.94M46.08M
BeginningCashPosition23.75M33.94M46.08M74.92M
ChangesInCash18.82M-10.20M-12.13M-28.85M
FinancingCashFlow8.53M65.69M96.26M359.00K
CashFlowFromContinuingFinancingActivities8.53M65.69M96.26M359.00K
NetOtherFinancingCharges-290.00K-3.65M-4.25M-245.00K
ProceedsFromStockOptionExercised3.00K103.00K8.00K604.00K
NetPreferredStockIssuance0.00
PreferredStockIssuance0.00
NetCommonStockIssuance8.82M69.24M100.50M0.00
CommonStockIssuance8.82M69.24M100.50M0.00
InvestingCashFlow80.31M-12.58M-65.01M-3.38M
CashFlowFromContinuingInvestingActivities80.31M-12.58M-65.01M-3.38M
NetInvestmentPurchaseAndSale82.64M-11.54M-64.84M0.00
SaleOfInvestment130.59M110.89M0.00
PurchaseOfInvestment-47.95M-122.42M-64.84M0.00
NetPPEPurchaseAndSale-2.34M-1.05M-164.00K-3.38M
PurchaseOfPPE-2.34M-1.05M-164.00K-3.38M
OperatingCashFlow-70.01M-63.30M-43.38M-25.82M
CashFlowFromContinuingOperatingActivities-70.01M-63.30M-43.38M-25.82M
ChangeInWorkingCapital-6.35M-4.88M4.55M13.92M
ChangeInOtherWorkingCapital-1.53M-1.56M3.64M11.71M
ChangeInOtherCurrentLiabilities966.00K-1.21M763.00K-986.00K
ChangeInOtherCurrentAssets2.46M-4.93M-1.44M446.00K
ChangeInPayablesAndAccruedExpense-7.86M1.94M2.36M3.59M
ChangeInAccruedExpense-5.97M1.49M4.77M1.24M
ChangeInPayable-1.89M450.00K-2.41M2.35M
ChangeInAccountPayable-1.89M450.00K-2.41M2.35M
ChangeInPrepaidAssets-380.00K867.00K-764.00K-847.00K
StockBasedCompensation6.72M5.89M5.45M2.77M
AssetImpairmentCharge24.86M1.59M1.32M0.00
AmortizationOfSecurities-2.28M-3.50M-492.00K0.00
DepreciationAmortizationDepletion471.00K278.00K1.07M1.00M
DepreciationAndAmortization471.00K278.00K1.07M1.00M
Depreciation471.00K278.00K1.07M1.00M
NetIncomeFromContinuingOperations-93.44M-62.68M-55.28M-43.51M
SEC Filings

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

Public Trades for LYRA
Date User Asset Broker Type Position Size Entry Price Patterns