Bright Minds Biosciences

DRUG

Biotechnology · Healthcare

Price

$77.42

-1.14 (-1.45%)

Market Cap

$757.7M

Exchange

NASDAQ

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

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Share count rising — dilution

+283.2% over 4y

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

Diluted shares outstanding: 1.8M (2021) → 6.9M (2025)

Winston Score History

The full picture

Bright Minds Biosciences is a small drug development company focused on creating new medicines for brain disorders. Its main area of research involves serotonin-targeting compounds designed to treat conditions like epilepsy, depression, and post-traumatic stress disorder. The company is working to develop next-generation psychedelic-inspired drugs that aim to be more precise and have fewer side effects than older treatments.

Bright Minds does not yet sell any products, so it currently earns no revenue — it funds its work through stock offerings and other financing. The company is based in Canada and operates primarily in North America, running early-stage clinical trials to test its experimental drug candidates. Like most early biotech companies, its biggest risk is that clinical trials could fail, which would make it very difficult to raise more money or advance its pipeline toward approval.

Growth Profile

For growth stock investors

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

Revenue Growth

Revenue data limited

EPS Growth

+64.9% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

C$11M/ year

↑ Rising (+839% vs prior year)

R&D investment increasing — building for the future

Insider Activity

37.6%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~9 years

C$308M cash & investments

C$308M cash & investments at current burn rate

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

N/A

—

Data not available

Profit after running costs

Operating Margin

N/A

—

Data not available

Return on the money invested

ROCE

-12.9%

Weak — -12.9% 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

N/A

—

Data not available

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

N/A

—

Data not available

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Stability

What it owes vs what it owns

Debt / Equity

0.00

Conservative — low debt load (0.00)

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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