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BioRestorative Therapies

BRTX
26
Biotechnology · Healthcare
Price
$0.22
-0.01 (-2.40%)
Market Cap
$5.5M
Exchange
NASDAQ Capital Market
Winston Score
26
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Mixed
Growth
Weak
Cash Flow
Weak
Stability
Good
Valuation
Data not available

Share count rising — dilution

+657.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.2M (2021) → 9.0M (2025)

Winston Score History

The full picture

BioRestorative Therapies is a small biotechnology company focused on developing cell-based treatments for medical conditions. Its main programs target disc/spine problems and metabolic disorders like obesity and diabetes. The company is working to use stem cells — special cells that can grow into other types of cells — to repair damaged tissue in the body. It does not yet sell any approved products.

BioRestorative Therapies earns no meaningful revenue from product sales and funds its operations almost entirely through outside financing, which explains its deeply negative operating margin. It operates primarily in the United States and is considered a clinical-stage company, meaning its treatments are still being tested in research and clinical trials. The biggest risk the company faces is running out of cash before it can get a product approved by the FDA, which is a common and serious challenge for small biotech firms at this stage.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-7.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+62.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$10M/ year

Rising (+89% vs prior year)

>1,000% of revenue

155.9x the sector average (18%)

Investing heavily in future products and technology

Insider Activity

33.5%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 months

$4M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Heavy R&D investment

BioRestorative Therapies is putting 2806% of revenue into R&D and that number is rising. That's 155.9x the sector average.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
68.1%
Premium pricing power — 68.1% gross margin
Profit after running costs
Operating Margin
-14612.6%
Losing money on operations — -14612.6%
Return on the money invested
ROCE
-464.9%
Weak — -464.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-8.5%
Shrinking sales (-8.5% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-3324.6%
Burning cash (-3324.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.01
Conservative — low debt load (0.01)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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