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    FLNA

    FILANA THERAPEUTICS, INC.

    Company overview

    Market capitalization
    $41.22M
    Employees
    17
    Latest publication
    2026-09-29
    About FILANA THERAPEUTICS, INC.

    Filana Therapeutics, Inc., a clinical stage biotechnology company, develops drugs for neurodegenerative diseases. Its lead therapeutic product candidate is simufilam, a small molecule drug, which is in Phase 3 clinical trial to treat Alzheimer's disease; and investigational diagnostic product candidate is SavaDx, an early-stage program focused on detecting the presence of Alzheimer's disease from a small sample of blood. The company was formerly known as Cassava Sciences, Inc. and changed its name to Filana Therapeutics, Inc. in March 2026. The company was incorporated in 1998 and is based in Austin, Texas.

    Company website

    Financial statements

    Income 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 · USD
    Total Revenue0USD0USD0USD0USD0USD0USD—
    Cost Of Revenue243,000USD367,000USD—————
    Gross Profit-243,000USD-367,000USD—————
    Research Development4,544,000USD3,853,000USD3,955,000USD5,116,000USD13,666,000USD20,530,000USD17,676,000USD
    Selling General Administrative6,624,000USD9,699,000USD7,905,000USD40,276,000USD10,920,000USD8,957,000USD12,947,000USD
    Total Operating Expenses10,925,000USD13,185,000USD11,860,000USD45,392,000USD24,586,000USD29,487,000USD30,623,000USD
    Operating Income-11,168,000USD-13,552,000USD-11,860,000USD-45,392,000USD-24,586,000USD-29,487,000USD-30,623,000USD
    Interest Income789,000USD974,000USD1,167,000USD1,214,000USD1,265,000USD1,800,000USD—
    Net Interest Income789,000USD974,000USD1,167,000USD1,214,000USD1,265,000USD1,800,000USD—
    Income Before Tax-10,331,000USD-12,539,000USD-10,807,000USD-44,224,000USD-23,403,000USD-27,597,000USD-27,943,000USD
    Net Income-10,331,000USD-12,539,000USD-10,807,000USD-44,224,000USD-23,403,000USD-27,597,000USD-27,943,000USD
    Net Income From Continuing Ops-10,331,000USD-12,539,000USD-10,807,000USD-44,224,000USD-23,403,000USD-27,597,000USD—
    Ebit-11,168,000USD-13,552,000USD-11,860,000USD-45,392,000USD-24,586,000USD-30,319,000USD-30,623,000USD
    Ebitda-10,925,000USD-13,185,000USD-11,729,000USD-45,174,000USD-24,366,000USD-30,059,000USD-30,364,000USD
    Depreciation And Amortization243,000USD367,000USD131,000USD218,000USD220,000USD260,000USD259,000USD
    Reconciled Depreciation243,000USD367,000USD131,000USD218,000USD220,000USD260,000USD—
    Total Other Income Expense Net837,000USD1,013,000USD1,053,000USD1,168,000USD1,183,000USD1,890,000USD2,680,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    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 · USD
    Total Revenue0USD0USD0USD0USD—
    Cost Of Revenue936,000USD————
    Gross Profit-936,000USD————
    Research Development26,590,000USD69,637,000USD89,423,000USD68,032,000USD24,813,000USD
    Selling General Administrative68,800,000USD71,809,000USD16,534,000USD11,988,000USD8,055,000USD
    Total Operating Expenses94,454,000USD141,446,000USD105,957,000USD80,020,000USD32,868,000USD
    Operating Income-95,390,000USD-141,446,000USD-105,957,000USD-80,020,000USD-32,868,000USD
    Interest Income4,620,000USD8,510,000USD7,833,000USD2,777,000USD—
    Net Interest Income4,620,000USD8,510,000USD7,833,000USD2,777,000USD—
    Income Before Tax-90,973,000USD-24,342,000USD-97,217,000USD-76,246,000USD-32,385,000USD
    Net Income-90,973,000USD-24,342,000USD-97,217,000USD-76,246,000USD-32,385,000USD
    Net Income From Continuing Ops-90,973,000USD-24,342,000USD-97,217,000USD-76,246,000USD—
    Ebit-95,390,000USD-142,278,000USD-107,333,000USD-81,482,000USD-32,868,000USD
    Ebitda-94,454,000USD-141,146,000USD-105,803,000USD-80,181,000USD-32,334,000USD
    Depreciation And Amortization936,000USD1,132,000USD1,530,000USD1,301,000USD534,000USD
    Reconciled Depreciation936,000USD1,132,000USD1,530,000USD1,301,000USD—
    Total Other Income Expense Net4,417,000USD117,104,000USD8,740,000USD3,774,000USD483,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    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 Assets103,903,000USD108,367,000USD118,355,000USD129,733,000USD135,384,000USD140,932,000USD157,533,000USD223,753,000USD
    Cash And Equivalents82,681,000USD———————
    Total Current Assets83,723,000USD87,964,000USD97,709,000USD108,910,000USD114,821,000USD120,151,000USD136,532,000USD202,549,000USD
    Other Current Assets1,042,000USD1,274,000USD2,087,000USD2,013,000USD1,605,000USD1,959,000USD7,011,000USD47,296,000USD
    Total Liabilities40,294,000USD———————
    Total Current Liabilities40,158,000USD40,115,000USD43,834,000USD48,046,000USD47,332,000USD13,237,000USD11,750,000USD57,034,000USD
    Other Current Liabilities121,000USD———————
    Other Non Current Liabilities136,000USD———————
    Total Stockholder Equity63,609,000USD68,141,000USD74,403,000USD81,568,000USD87,973,000USD127,616,000USD145,704,000USD166,639,000USD
    Total Equity Including Noncontrolling Interest63,609,000USD———————
    Property Plant Equipment Net20,180,000USD20,403,000USD20,646,000USD20,823,000USD20,563,000USD20,781,000USD20,964,000USD21,135,000USD
    Common Stock48,000USD48,000USD48,000USD48,000USD48,000USD48,000USD48,000USD48,000USD
    Retained Earnings-515,018,000USD-506,415,000USD-496,084,000USD-483,545,000USD-472,738,000USD-428,514,000USD-405,111,000USD-377,514,000USD
    Total Liab—40,226,000USD43,952,000USD48,165,000USD47,411,000USD13,316,000USD11,829,000USD57,114,000USD
    Other Current Liab—926,000USD37,437,000USD1,954,000USD4,510,000USD5,045,000USD4,096,000USD4,790,000USD
    Capital Stock—48,000USD48,000USD48,000USD48,000USD48,000USD48,000USD—
    Cash—86,573,000USD95,502,000USD106,080,000USD112,381,000USD117,328,000USD128,574,000USD148,978,000USD
    Cash And Short Term Investments—86,573,000USD95,502,000USD106,080,000USD112,381,000USD117,328,000USD128,574,000USD148,978,000USD
    Net Debt—-86,573,000USD-95,502,000USD-106,080,000USD-112,381,000USD-117,328,000USD-128,574,000USD-148,978,000USD
    Net Receivables—117,000USD120,000USD817,000USD835,000USD864,000USD947,000USD6,275,000USD
    Accounts Payable—39,189,000USD6,397,000USD46,092,000USD42,822,000USD8,192,000USD7,654,000USD52,244,000USD
    Property Plant Equipment Gross—24,773,000USD24,785,000USD24,730,000USD24,227,000USD24,231,000USD24,237,000USD—
    Common Stock Shares Outstanding—48,308,000shares48,308,000shares48,308,000shares48,308,000shares48,262,000shares4,809,900,000shares47,976,000shares
    Non Current Assets Total—20,403,000USD20,646,000USD20,823,000USD20,563,000USD20,781,000USD21,001,000USD21,204,000USD
    Non Current Liabilities Total—110,999USD117,999USD119,000USD79,000USD79,000USD79,000USD80,000USD
    Non Current Liabilities Other—111,000USD118,000USD119,000USD79,000USD79,000USD79,000USD—
    Net Working Capital—47,849,000USD53,875,000USD60,864,000USD67,489,000USD106,914,000USD124,782,000USD—
    Unclassified Equity—574,460,000USD570,391,000USD565,017,000USD560,615,000USD556,034,000USD550,719,000USD544,105,000USD
    Intangible Assets——————37,000USD69,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    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 · USD
    Total Assets118,355,000USD157,533,000USD151,663,000USD234,834,000USD—
    Other Current Assets2,087,000USD38,000USD287,000USD160,000USD—
    Total Liab43,952,000USD11,829,000USD14,195,000USD7,295,000USD—
    Total Stockholder Equity74,403,000USD145,704,000USD137,468,000USD227,539,000USD—
    Other Current Liab37,437,000USD299,000USD385,000USD492,000USD—
    Common Stock48,000USD————
    Capital Stock48,000USD48,000USD42,000USD42,000USD—
    Retained Earnings-496,084,000USD-405,111,000USD-380,769,000USD-283,552,000USD—
    Cash95,502,000USD128,574,000USD121,136,000USD201,015,000USD—
    Cash And Short Term Investments95,502,000USD————
    Total Current Assets97,709,000USD136,532,000USD129,633,000USD211,226,000USD—
    Total Current Liabilities43,834,000USD11,750,000USD14,195,000USD7,063,000USD—
    Net Debt-95,502,000USD————
    Net Receivables120,000USD————
    Accounts Payable6,397,000USD7,654,000USD10,573,000USD4,017,000USD—
    Property Plant Equipment Net20,646,000USD21,001,000USD21,854,000USD22,986,000USD—
    Property Plant Equipment Gross24,785,000USD24,237,000USD24,138,000USD24,186,000USD—
    Common Stock Shares Outstanding48,297,000shares4,660,400,000shares41,932,000shares40,202,000shares39,405,000shares
    Non Current Assets Total20,646,000USD21,001,000USD22,030,000USD23,608,000USD—
    Non Current Liabilities Total117,999USD79,000USD0USD232,000USD—
    Non Current Liabilities Other118,000USD79,000USD—197,000USD—
    Net Working Capital53,875,000USD124,782,000USD115,438,000USD204,163,000USD—
    Unclassified Equity570,391,000USD550,767,000USD518,195,000USD511,049,000USD—
    Intangible Assets—37,000USD176,000USD622,000USD—
    Unclassified Current Assets—7,920,000USD8,210,000USD10,051,000USD—
    Unclassified Current Liabilities—3,797,000USD3,237,000USD2,554,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    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 · USD
    Net Income-10,331,000USD-12,539,000USD-10,807,000USD-44,224,000USD-23,403,000USD-27,597,000USD-27,943,000USD
    Depreciation243,000USD367,000USD131,000USD218,000USD220,000USD260,000USD259,000USD
    Stock Based Compensation4,069,000USD5,374,000USD4,402,000USD4,581,000USD5,225,000USD5,744,000USD5,608,000USD
    Change In Working Capital-2,859,000USD-2,950,000USD53,000USD34,478,000USD6,622,000USD-39,672,000USD3,780,000USD
    Total Cash From Operating Activities-8,878,000USD-9,748,000USD-6,221,000USD-4,947,000USD-11,336,000USD-61,265,000USD-18,296,000USD
    Capital Expenditures0USD-501,000USD-80,000USD0USD0USD-57,000USD-17,000USD
    Free Cash Flow-8,878,000USD-10,249,000USD-6,301,000USD-4,947,000USD-11,336,000USD-61,322,000USD-18,313,000USD
    Total Cash From Financing Activities-51,000USD-329,000USD0USD0USD90,000USD918,000USD—
    Change In Cash-8,929,000USD-10,578,000USD-6,301,000USD-4,947,000USD-11,246,000USD-60,404,000USD-18,313,000USD
    Begin Period Cash Flow95,502,000USD106,080,000USD112,381,000USD117,328,000USD128,574,000USD188,978,000USD207,291,000USD
    End Period Cash Flow86,573,000USD95,502,000USD106,080,000USD112,381,000USD117,328,000USD128,574,000USD188,978,000USD
    Other Non Cash Items—5,374,000USD——5,225,000USD——
    Total Cashflows From Investing Activities—-501,000USD-80,000USD——-57,000USD-17,000USD
    Unclassified Operating Cash Flow—-5,374,000USD——-5,225,000USD——
    Other Cashflows From Financing Activities—————918,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    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 · USD
    Net Income-90,973,000USD-24,342,000USD-97,217,000USD-76,246,000USD
    Depreciation936,000USD1,132,000USD1,530,000USD1,301,000USD
    Stock Based Compensation19,582,000USD16,291,000USD4,586,000USD2,066,000USD
    Other Non Cash Items19,582,000USD———
    Change In Working Capital38,203,000USD-1,827,000USD9,076,000USD-4,635,000USD
    Total Cash From Operating Activities-32,252,000USD-116,929,000USD-82,025,000USD-77,514,000USD
    Capital Expenditures-581,000USD-103,000USD-414,000USD-2,712,000USD
    Free Cash Flow-32,833,000USD-117,032,000USD-82,439,000USD-80,226,000USD
    Total Cashflows From Investing Activities-581,000USD———
    Total Cash From Financing Activities-239,000USD124,470,000USD2,560,000USD47,804,000USD
    Change In Cash-33,072,000USD7,438,000USD-79,879,000USD-32,422,000USD
    Begin Period Cash Flow128,574,000USD121,136,000USD201,015,000USD233,437,000USD
    End Period Cash Flow95,502,000USD128,574,000USD121,136,000USD201,015,000USD
    Unclassified Operating Cash Flow-19,582,000USD-108,183,000USD——
    Issuance Of Capital Stock—0USD0USD47,329,000USD
    Unclassified Financing Cash Flow—124,470,000USD2,560,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    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.