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ELDN

Eledon Pharmaceuticals, Inc.

Company overview

Market capitalization
$214.53M
Employees
33
Latest publication
2026-09-29
About Eledon Pharmaceuticals, Inc.

Eledon Pharmaceuticals, Inc. operates as a clinical stage biotechnology company. It uses its immunology expertise in targeting the CD40 Ligand (CD40L) pathway to develop therapies to protect transplanted organs and prevent rejection, and to treat amyotrophic lateral sclerosis (ALS). The company's lead compound in development is tegoprubart, an IgG1 and anti-CD40L antibody with high affinity for CD40 Ligand, a biological target with therapeutic potential. It is also developing its products for the prevention of allograft rejection in kidney transplantation and xenotransplantation. The company has a collaboration agreement with eGenesis, Inc.; and a strategic collaboration with NewcelX Ltd. for the development of the NCEL-101 therapy for Type 1 Diabetes. The company was formerly known as Novus Therapeutics, Inc. and changed its name to Eledon Pharmaceuticals, Inc. in January 2021. Eledon Pharmaceuticals, Inc. is headquartered in Irvine, California.

Company website

Financial statements

Income Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
Research Development18,230,000USD17,197,000USD17,491,000USD14,969,000USD20,276,000USD13,531,000USD17,928,000USD16,520,000USD
Total Operating Expenses22,869,000USD21,181,000USD21,484,000USD19,070,000USD24,733,000USD17,964,000USD24,696,000USD20,510,000USD
Net Income-31,630,000USD-39,025,000USD-10,447,000USD-17,459,000USD-11,216,000USD-6,495,000USD-44,617,000USD76,971,000USD
Total Revenue—0USD0USD0USD0USD0USD384,000USD0USD
Selling General Administrative—3,984,000USD3,993,000USD4,101,000USD4,457,000USD4,433,000USD6,768,000USD3,990,000USD
Operating Income—-21,181,000USD-21,484,000USD-19,070,000USD-24,733,000USD-17,964,000USD-24,696,000USD-20,510,000USD
Income Before Tax—-39,025,000USD-10,412,000USD-17,459,000USD-11,216,000USD-6,495,000USD-44,186,000USD76,971,000USD
Net Income From Continuing Ops—-39,025,000USD-10,447,000USD-17,459,000USD-11,216,000USD-6,495,000USD-44,617,000USD76,971,000USD
Ebitda—-21,181,000USD-21,403,000USD-19,070,000USD-24,733,000USD-17,964,000USD-24,608,000USD-20,510,000USD
Total Other Income Expense Net—-17,844,000USD11,072,000USD1,611,000USD13,517,000USD11,469,000USD-19,490,000USD97,481,000USD
Income Tax Expense——35,000USD———431,000USD—
Ebit——-21,484,000USD——-24,458,999USD-24,696,000USD-20,589,000USD
Depreciation And Amortization——81,000USD——17,964,000USD88,000USD79,000USD
Reconciled Depreciation——81,000USD———88,000USD79,000USD
Selling And Marketing Expenses—————100,000USD95,000USD100,000USD
Cost Of Revenue——————88,000USD79,000USD
Gross Profit——————-88,000USD-79,000USD
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Income Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
Total Revenue0USD0USD0USD0USD120,000USD120,000USD0USD0USD
Research Development66,267,000USD51,964,000USD30,312,000USD27,080,000USD23,735,000USD6,131,000USD8,128,000USD6,817,000USD
Selling General Administrative16,984,000USD18,613,000USD12,688,000USD12,700,000USD13,132,000USD10,052,000USD6,056,000USD7,243,000USD
Total Operating Expenses83,251,000USD70,577,000USD42,626,000USD88,428,000USD36,867,000USD18,465,000USD14,002,000USD14,060,000USD
Operating Income-83,251,000USD-70,577,000USD-43,000,000USD-88,428,000USD-36,867,000USD-18,465,000USD-14,184,000USD-14,060,000USD
Income Before Tax-45,582,000USD-35,753,000USD-40,326,000USD-87,966,000USD-36,860,000USD-23,215,000USD-16,011,000USD-14,065,000USD
Income Tax Expense35,000USD431,000USD—-462,000USD-2,354,000USD-404,000USD1,867,000USD-5,000USD
Tax Provision35,000USD431,000USD0USD-579,000USD-2,354,000USD-404,000USD——
Net Income-45,617,000USD-36,184,000USD-40,326,000USD-87,966,000USD-34,506,000USD-22,811,000USD-16,011,000USD-14,065,000USD
Net Income From Continuing Ops-45,617,000USD-36,184,000USD-89,084,000USD-87,966,000USD-34,506,000USD-22,811,000USD-16,011,000USD-14,065,000USD
Ebit-83,251,000USD-70,577,000USD-43,000,000USD-39,780,000USD-36,867,000USD-16,183,000USD-16,011,000USD-14,060,000USD
Ebitda-82,938,000USD-70,218,000USD-42,626,000USD-39,407,000USD-36,672,000USD-16,000,000USD-15,829,000USD-14,049,000USD
Depreciation And Amortization313,000USD359,000USD374,000USD373,000USD195,000USD183,000USD182,000USD11,000USD
Reconciled Depreciation313,000USD359,000USD373,000USD373,000USD195,000USD183,000USD182,000USD11,000USD
Total Other Income Expense Net37,669,000USD34,824,000USD2,674,000USD462,000USD7,000USD-4,750,000USD-1,827,000USD-5,000USD
Cost Of Revenue—359,000USD374,000USD373,000USD195,000USD183,000USD182,000USD11,000USD
Gross Profit—-359,000USD-374,000USD-373,000USD120,000USD-183,000USD-182,000USD-11,000USD
Unclassified Operating Expenses———48,648,000USD—2,282,000USD——
Interest Expense———462,000USD202,000USD9,658,000USD0USD0USD
Net Interest Income————0USD-4,829,000USD——
Net Income Applicable To Common Shares————-34,506,000USD-22,811,000USD-16,011,000USD-14,065,000USD
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Balance sheet Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
Total Assets126,094,000USD146,667,000USD169,009,000USD129,857,000USD144,909,000USD161,308,000USD177,405,000USD114,576,000USD
Cash And Equivalents6,803,000USD———————
Cash And Short Term Investments88,756,000USD111,089,000USD133,336,000USD93,401,000USD107,570,000USD124,881,000USD140,178,000USD78,191,000USD
Short Term Investments81,953,000USD104,937,000USD110,528,000USD89,732,000USD101,829,000USD116,385,000USD119,629,000USD71,440,000USD
Total Current Assets93,091,000USD113,574,000USD135,688,000USD96,301,000USD111,404,000USD127,718,000USD143,730,000USD81,509,000USD
Other Current Assets382,000USD1,902,000USD1,838,000USD2,147,000USD3,129,000USD2,076,000USD3,552,000USD3,318,000USD
Other Non Current Assets172,000USD———————
Total Liabilities54,063,000USD———————
Total Current Liabilities11,789,000USD13,458,000USD18,344,000USD14,296,000USD13,719,000USD9,185,000USD11,577,000USD12,489,000USD
Total Stockholder Equity33,013,000USD100,458,000USD81,085,000USD35,360,000USD106,028,000USD114,580,000USD118,140,000USD76,058,000USD
Total Equity Including Noncontrolling Interest72,031,000USD———————
Property Plant Equipment Net445,000USD530,000USD613,000USD694,000USD773,000USD850,000USD926,000USD471,000USD
Accounts Payable3,214,000USD6,585,000USD3,627,000USD4,627,000USD5,831,000USD2,901,000USD5,833,000USD5,860,000USD
Short Term Debt381,000USD369,000USD358,000USD346,000USD336,000USD325,000USD314,000USD186,000USD
Common Stock81,000USD76,000USD75,000USD60,000USD60,000USD60,000USD60,000USD41,000USD
Retained Earnings-471,858,000USD-440,228,000USD-401,203,000USD-390,756,000USD-373,297,000USD-362,081,000USD-355,586,000USD-310,969,000USD
Accumulated Other Comprehensive Income-114,000USD-72,000USD24,000USD9,000USD-48,000USD-18,000USD26,000USD102,000USD
Intangible Assets—32,386,000USD32,386,000USD32,386,000USD32,386,000USD32,386,000USD32,386,000USD32,386,000USD
Total Liab—46,209,000USD87,924,000USD94,497,000USD38,881,000USD46,728,000USD59,265,000USD38,518,000USD
Other Current Liab—6,504,000USD14,359,000USD9,323,000USD7,552,000USD5,959,000USD5,430,000USD6,443,000USD
Capital Stock—76,000USD75,000USD60,000USD60,000USD60,000USD60,000USD41,000USD
Cash—6,152,000USD22,808,000USD3,669,000USD5,741,000USD8,496,000USD20,549,000USD6,751,000USD
Net Debt—-5,597,000USD-22,167,000USD-2,947,000USD-4,938,000USD-7,616,000USD-19,595,000USD-6,250,000USD
Short Long Term Debt Total—555,000USD641,000USD722,000USD803,000USD880,000USD954,000USD501,000USD
Net Receivables—583,000USD514,000USD753,000USD705,000USD761,000USD——
Property Plant Equipment Gross—530,000USD613,000USD694,000USD773,000USD850,000USD926,000USD471,000USD
Common Stock Shares Outstanding—112,424,211shares75,430,033shares77,156,068shares77,156,068shares77,126,763shares59,789,275shares55,478,342shares
Non Current Assets Total—33,093,000USD33,321,000USD33,556,000USD33,505,000USD33,590,000USD33,675,000USD33,067,000USD
Non Current Liabilities Total—32,751,000USD69,580,000USD80,201,000USD25,162,000USD37,543,000USD47,688,000USD26,029,000USD
Non Currrent Assets Other—177,000USD322,000USD476,000USD346,000USD354,000USD363,000USD210,000USD
Net Working Capital—100,116,000USD117,344,000USD82,005,000USD97,685,000USD118,533,000USD132,153,000USD69,020,000USD
Unclassified Non Current Liabilities—32,751,000USD69,580,000USD80,201,000USD25,162,000USD37,543,000USD47,688,000USD26,029,000USD
Unclassified Equity—540,606,000USD482,114,000USD425,987,000USD479,253,000USD476,559,000USD473,580,000USD386,843,000USD
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Balance sheet Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
Total Assets169,009,000USD177,405,000USD125,894,000USD92,793,000USD170,548,000USD197,185,000USD10,931,000USD17,026,000USD
Intangible Assets32,386,000USD32,386,000USD32,386,000USD32,386,000USD32,386,000USD32,386,000USD——
Other Current Assets1,838,000USD3,552,000USD5,027,000USD3,109,000USD3,513,000USD1,325,000USD54,000USD710,000USD
Total Liab87,924,000USD59,265,000USD42,475,000USD8,610,000USD6,553,000USD6,589,000USD1,466,000USD2,534,000USD
Total Stockholder Equity81,085,000USD118,140,000USD83,419,000USD84,183,000USD163,995,000USD190,596,000USD9,465,000USD14,492,000USD
Other Current Liab14,359,000USD5,430,000USD2,545,000USD3,912,000USD2,219,000USD973,000USD813,000USD1,845,000USD
Common Stock75,000USD60,000USD24,000USD14,000USD14,000USD15,000USD13,000USD9,000USD
Capital Stock75,000USD60,000USD24,000USD14,000USD14,000USD15,000USD13,000USD9,000USD
Retained Earnings-401,203,000USD-355,586,000USD-243,191,000USD-202,865,000USD-114,899,000USD-80,393,000USD-57,582,000USD-41,571,000USD
Cash22,808,000USD20,549,000USD4,612,000USD56,409,000USD84,833,000USD114,195,000USD8,791,000USD12,972,000USD
Cash And Short Term Investments133,336,000USD140,178,000USD51,102,000USD56,409,000USD84,833,000USD114,195,000USD8,791,000USD12,972,000USD
Total Current Assets135,688,000USD143,730,000USD56,129,000USD59,518,000USD88,346,000USD115,630,000USD9,971,000USD14,276,000USD
Total Current Liabilities18,344,000USD11,577,000USD3,895,000USD6,475,000USD4,401,000USD2,483,000USD1,322,000USD2,534,000USD
Net Debt-22,167,000USD-19,595,000USD-4,229,000USD-55,663,000USD-84,064,000USD-114,051,000USD-8,467,000USD-12,972,000USD
Short Term Debt358,000USD314,000USD383,000USD363,000USD369,000USD144,000USD180,000USD—
Short Long Term Debt Total641,000USD954,000USD383,000USD746,000USD769,000USD144,000USD324,000USD—
Short Term Investments110,528,000USD119,629,000USD46,490,000USD0USD————
Net Receivables514,000USD————110,000USD245,000USD594,000USD
Accounts Payable3,627,000USD5,833,000USD967,000USD2,200,000USD1,813,000USD1,366,000USD329,000USD689,000USD
Property Plant Equipment Net613,000USD926,000USD365,000USD739,000USD768,000USD138,000USD321,000USD14,000USD
Property Plant Equipment Gross613,000USD926,000USD365,000USD739,000USD768,000USD138,000USD321,000USD14,000USD
Accumulated Other Comprehensive Income24,000USD26,000USD0USD0USD—0USD0USD—
Common Stock Shares Outstanding81,836,246shares48,543,787shares24,619,197shares14,285,254shares14,819,582shares15,160,397shares655,525shares500,297shares
Non Current Assets Total33,321,000USD33,675,000USD69,765,000USD33,275,000USD82,202,000USD81,555,000USD960,000USD2,750,000USD
Non Current Liabilities Total69,580,000USD47,688,000USD38,580,000USD2,135,000USD2,152,000USD4,106,000USD144,000USD1,845,000USD
Non Currrent Assets Other322,000USD363,000USD186,000USD150,000USD400,000USD383,000USD639,000USD869,000USD
Net Working Capital117,344,000USD132,153,000USD52,234,000USD53,043,000USD83,945,000USD113,147,000USD8,649,000USD11,742,000USD
Unclassified Non Current Liabilities69,580,000USD47,688,000USD38,580,000USD2,135,000USD———1,845,000USD
Unclassified Equity482,114,000USD473,580,000USD326,562,000USD287,020,000USD278,866,000USD270,959,000USD67,021,000USD56,045,000USD
Unclassified Non Current Assets——36,828,000USD——-32,907,000USD——
Good Will———0USD48,648,000USD48,648,000USD0USD1,867,000USD
Other Liab————1,752,000USD4,106,000USD——
Other Assets————400,000USD32,907,000USD639,000USD869,000USD
Net Tangible Assets————82,961,000USD109,562,000USD9,465,000USD12,625,000USD
Inventory—————1,287,000USD881,000USD—
Unclassified Current Assets—————-1,287,000USD——
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Cash flow YTD

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USD
Change In Working Capital-1,833,000USD
Operating Cash Flow-45,289,000USD
Net Investments29,193,000USD
Investing Cash Flow29,193,000USD
Financing Cash Flow91,000USD
Change In Cash-16,005,000USD
End Cash Flow6,803,000USD
SourceDisclosureDeterministicFinal

Cash flow Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
Net Income-39,025,000USD-10,447,000USD-17,459,000USD-11,216,000USD-6,495,000USD-44,617,000USD63,635,000USD-44,907,000USD
Stock Based Compensation2,202,000USD2,465,000USD2,428,000USD2,694,000USD2,864,000USD6,582,000USD1,783,000USD3,063,000USD
Other Non Cash Items20,787,000USD-10,772,000USD-2,265,000USD-12,648,000USD-10,676,000USD20,046,000USD-84,068,000USD30,813,000USD
Change In Working Capital-4,374,000USD4,658,000USD2,819,000USD3,457,000USD-1,753,000USD-1,517,000USD6,802,000USD3,160,000USD
Total Cash From Operating Activities-22,612,000USD-14,091,000USD-14,477,000USD-17,713,000USD-16,060,000USD-18,987,000USD-11,769,000USD-7,774,000USD
Capital Expenditures0USD0USD0USD0USD0USD0USD0USD0USD
Free Cash Flow-22,612,000USD-14,091,000USD-14,477,000USD-17,713,000USD-16,060,000USD-18,987,000USD-11,769,000USD-7,774,000USD
Investments5,956,000USD-20,462,000USD12,405,000USD14,958,000USD3,892,000USD-47,382,000USD-12,802,000USD-19,913,000USD
Total Cashflows From Investing Activities5,956,000USD-20,462,000USD12,405,000USD14,958,000USD3,892,000USD-47,382,000USD-12,802,000USD-19,913,000USD
Total Cash From Financing Activities0USD53,692,000USD0USD0USD115,000USD80,167,000USD5,283,000USD48,071,000USD
Change In Cash-16,656,000USD19,139,000USD-2,072,000USD-2,755,000USD-12,053,000USD13,798,000USD-19,288,000USD20,384,000USD
Begin Period Cash Flow22,808,000USD3,669,000USD5,741,000USD8,496,000USD20,549,000USD6,751,000USD26,039,000USD5,655,000USD
End Period Cash Flow6,152,000USD22,808,000USD3,669,000USD5,741,000USD8,496,000USD20,549,000USD6,751,000USD26,039,000USD
Unclassified Operating Cash Flow-2,202,000USD———————
Depreciation—81,000USD———88,000USD79,000USD97,000USD
Issuance Of Capital Stock—53,577,000USD0USD0USD0USD79,952,000USD5,283,000USD48,071,000USD
Other Cashflows From Financing Activities—53,692,000USD115,000USD—115,000USD215,000USD-12,802,000USD-33,017USD
Unclassified Financing Cash Flow—-53,577,000USD————12,802,000USD—
Other Cashflows From Investing Activities—————1USD-1USD9,783,000USD
Unclassified Investing Cash Flow———————-9,783,000USD
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Cash flow Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
Net Income-45,617,000USD-36,184,000USD-40,326,000USD-87,966,000USD-34,506,000USD-22,811,000USD-16,011,000USD-14,065,000USD
Depreciation313,000USD359,000USD374,000USD373,000USD195,000USD183,000USD182,000USD11,000USD
Stock Based Compensation10,451,000USD13,122,000USD6,545,000USD8,153,000USD7,904,000USD3,171,000USD1,308,000USD1,543,000USD
Other Non Cash Items-34,832,000USD-33,709,000USD8,690,000USD48,648,000USD7,904,000USD4,829,000USD1,867,000USD471,000USD
Change In Working Capital7,652,000USD8,710,000USD-4,917,000USD2,368,000USD-152,000USD-180,000USD-1,203,000USD618,000USD
Total Cash From Operating Activities-62,341,000USD-47,271,000USD-39,527,000USD-28,424,000USD-28,913,000USD-15,212,000USD-13,857,000USD-11,893,000USD
Capital Expenditures0USD0USD0USD0USD0USD0USD0USD0USD
Free Cash Flow-62,341,000USD-47,271,000USD-39,527,000USD-28,424,000USD-28,913,000USD-15,212,000USD-13,857,000USD-11,893,000USD
Investments10,793,000USD-70,314,000USD-45,287,000USD0USD0USD11,035,000USD—0USD
Total Cashflows From Investing Activities10,793,000USD-70,314,000USD———11,035,000USD11,035,000USD11,035,000USD
Total Cash From Financing Activities53,807,000USD133,522,000USD33,017,000USD33,017,000USD-449,000USD109,581,000USD9,676,000USD7,562,000USD
Issuance Of Capital Stock53,577,000USD133,307,000USD33,017,000USD0USD9,000,000USD104,226,000USD9,676,000USD7,491,000USD
Change In Cash2,259,000USD15,937,000USD-51,797,000USD-28,424,000USD-29,362,000USD105,404,000USD-4,181,000USD-4,331,000USD
Begin Period Cash Flow20,549,000USD4,612,000USD56,409,000USD84,833,000USD114,195,000USD8,791,000USD12,972,000USD17,303,000USD
End Period Cash Flow22,808,000USD20,549,000USD4,612,000USD56,409,000USD84,833,000USD114,195,000USD8,791,000USD12,972,000USD
Other Cashflows From Financing Activities53,807,000USD215,000USD33,017USD—-449,000USD100,606,000USD9,676USD71,000USD
Unclassified Financing Cash Flow-53,577,000USD——33,017,000USD-9,000,000USD9,000,025USD——
Unclassified Operating Cash Flow——-9,893,000USD—-10,258,000USD———
Change To Liabilities————2,143,000USD-39,000USD-1,392,000USD1,094,000USD
Dividends Paid—————-25,000USD——
Sale Purchase Of Stock—————-25USD——
Other Cashflows From Investing Activities—————11,035,000USD——
Unclassified Investing Cash Flow—————-11,035,000USD11,035,000USD11,035,000USD
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Operating metrics

No operating metrics are currently published for this company.

Revenue breakdown

No revenue breakdown is currently published for this company.

Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.