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    MPLT

    MapLight Therapeutics, Inc.

    Company overview

    Market capitalization
    $443.46M
    Employees
    133
    Latest publication
    2026-09-29
    About MapLight Therapeutics, Inc.

    MapLight Therapeutics, Inc. operates as a clinical-stage biopharmaceutical company for patients suffering from debilitating central nervous system disorders. The company's products include ML-007C-MA, a fixed-dose combination of an M 1 /M 4 muscarinic agonist for the treatment of schizophrenia and Alzheimer's disease psychosis; ML-004 for the treatment of social communication deficit and/or irritability in autism spectrum disorder; ML-021 for the treatment of motor deficits in Parkinson's disease; ML-055 for the treatment of neuropsychiatric conditions; and ML-009, a G-protein-coupled receptor 52 positive allosteric modulator for the treatment of hyperactivity, impulsivity and agitation-related disorders. The company also develops platform identifying neural circuits causally linked to disease and targeting those circuits for therapeutic modulation. The company was formerly known as Alvarado Therapeutics, Inc. and changed its name to MapLight Therapeutics, Inc. in August 2019. MapLight Therapeutics, Inc. was incorporated in 2018 and is based in Redwood City, California.

    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 · USDQ2 20242024-06-30 · USD
    Total Revenue0USD0USD0USD——0USD0USD—
    Cost Of Revenue162,000USD140,000USD136,000USD136,000USD166,000USD——173,000USD
    Gross Profit-162,000USD-140,000USD-136,000USD-136,000USD-166,000USD——-173,000USD
    Research Development53,684,000USD64,483,000USD27,094,000USD26,711,000USD19,620,000USD20,713,000USD16,814,000USD15,469,000USD
    Selling General Administrative10,819,000USD18,754,000USD4,404,000USD3,817,000USD3,756,000USD2,064,000USD4,080,000USD4,343,000USD
    Total Operating Expenses64,340,999USD83,237,000USD31,498,000USD30,528,000USD23,376,000USD22,777,000USD20,894,000USD19,812,000USD
    Operating Income-64,503,000USD-83,377,000USD-31,498,000USD-30,664,000USD-23,542,000USD-22,777,000USD-20,894,000USD-19,985,000USD
    Interest Income2,472,000USD2,470,000USD1,549,000USD——899,000USD1,081,000USD—
    Net Interest Income2,472,000USD2,470,000USD1,549,000USD——899,000USD1,081,000USD—
    Income Before Tax-60,668,000USD-79,548,000USD-29,418,000USD-29,846,000USD-22,339,000USD-21,229,000USD-19,016,000USD-18,400,000USD
    Net Income-60,668,000USD-79,548,000USD-29,418,000USD-29,846,000USD-22,339,000USD-21,229,000USD-19,016,000USD-18,400,000USD
    Net Income From Continuing Ops-60,668,000USD-79,548,000USD-29,418,000USD—-22,340,000USD-21,229,000USD-19,016,000USD—
    Ebit-64,503,000USD-83,377,000USD-31,498,000USD-29,846,000USD-22,339,000USD-22,777,000USD-20,894,000USD-18,400,000USD
    Ebitda-64,341,000USD-83,237,000USD-31,362,000USD-29,710,000USD-22,173,000USD-22,583,000USD-20,707,000USD-18,227,000USD
    Depreciation And Amortization162,000USD140,000USD136,000USD136,000USD166,000USD194,000USD187,000USD173,000USD
    Reconciled Depreciation162,000USD140,000USD136,000USD——194,000USD187,000USD—
    Total Other Income Expense Net3,835,000USD3,829,000USD2,080,000USD818,000USD1,203,000USD1,548,000USD1,878,000USD1,585,000USD
    SourceLegacy providerLegacyLegacy 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 · USD
    Total Revenue0USD———
    Cost Of Revenue578,000USD701,000USD556,000USD574,000USD
    Gross Profit-578,000USD-701,000USD-556,000USD-574,000USD
    Research Development137,771,000USD67,822,000USD49,119,000USD26,570,000USD
    Selling General Administrative30,734,000USD14,423,000USD7,607,000USD4,101,000USD
    Total Operating Expenses168,505,000USD82,245,000USD56,726,000USD30,671,000USD
    Operating Income-169,083,000USD-82,946,000USD-57,282,000USD-31,245,000USD
    Interest Income5,518,000USD———
    Net Interest Income5,518,000USD———
    Income Before Tax-161,152,000USD-77,580,000USD-55,709,000USD-30,016,000USD
    Net Income-161,152,000USD-77,580,000USD-55,709,000USD-30,016,000USD
    Net Income From Continuing Ops-161,152,000USD———
    Ebit-169,083,000USD-77,580,000USD-55,709,000USD-30,016,000USD
    Ebitda-168,505,000USD-76,879,000USD-55,153,000USD-29,442,000USD
    Depreciation And Amortization578,000USD701,000USD556,000USD574,000USD
    Reconciled Depreciation578,000USD———
    Total Other Income Expense Net7,931,000USD5,366,000USD1,573,000USD1,229,000USD
    SourceLegacy 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 Assets368,348,000USD418,788,000USD479,512,000USD257,222,000USD84,117,000USD111,567,000USD136,916,000USD—
    Cash And Equivalents71,633,000USD———————
    Cash And Short Term Investments304,725,000USD310,113,000USD305,103,000USD227,168,000USD60,472,000USD92,264,000USD108,795,000USD—
    Short Term Investments233,092,000USD254,406,000USD258,374,000USD163,022,000USD27,005,000USD42,108,000USD70,542,000USD—
    Long Term Investments46,616,000USD85,090,000USD147,993,000USD0USD——11,380,000USD—
    Total Current Assets318,788,000USD327,228,000USD324,670,000USD245,306,000USD73,201,000USD98,264,000USD114,602,000USD—
    Other Current Assets14,063,000USD17,115,000USD19,567,000USD18,138,000USD12,729,000USD6,000,000USD5,807,000USD—
    Other Non Current Assets241,000USD———————
    Total Liabilities20,049,000USD———————
    Total Current Liabilities19,294,000USD14,283,000USD16,229,000USD18,562,000USD14,984,000USD12,982,000USD15,920,000USD—
    Other Current Liabilities16,010,000USD———————
    Total Stockholder Equity348,299,000USD399,834,000USD458,372,000USD233,516,000USD63,761,000USD92,995,000USD115,195,000USD—
    Total Equity Including Noncontrolling Interest348,299,000USD———————
    Property Plant Equipment Net2,496,000USD6,227,000USD6,583,000USD6,569,000USD6,898,000USD7,183,000USD7,561,000USD—
    Accounts Payable2,052,000USD3,188,000USD3,289,000USD2,446,000USD2,102,000USD862,000USD1,912,000USD—
    Short Term Debt1,232,000USD920,000USD891,000USD862,000USD833,000USD805,000USD1,556,000USD—
    Common Stock5,000USD5,000USD5,000USD—————
    Retained Earnings-481,380,000USD-421,188,000USD-360,520,000USD-280,972,000USD-251,553,000USD-221,707,000USD-199,368,000USD—
    Accumulated Other Comprehensive Income-944,000USD-883,000USD-228,000USD46,000USD50,000USD85,000USD163,000USD—
    Total Liab—18,954,000USD21,140,000USD23,705,000USD20,356,000USD18,572,000USD330,544,000USD—
    Other Current Liab—13,363,000USD15,338,000USD14,048,000USD9,643,000USD8,076,000USD9,213,000USD—
    Capital Stock—5,000USD5,000USD507,693,000USD308,823,000USD308,823,000USD308,823,000USD—
    Cash—55,707,000USD46,729,000USD64,146,000USD33,467,000USD50,156,000USD38,253,000USD—
    Net Debt—-50,116,000USD-40,927,000USD-58,140,000USD-27,262,000USD-43,761,000USD-31,674,000USD—
    Short Long Term Debt Total—5,591,000USD5,802,000USD6,006,000USD6,205,000USD6,395,000USD6,579,000USD—
    Property Plant Equipment Gross—6,227,000USD9,222,000USD9,069,000USD——9,643,000USD—
    Common Stock Shares Outstanding—45,276,763shares44,024,088shares41,428,922shares41,428,922shares41,428,922shares41,428,922shares41,428,922shares
    Non Current Assets Total—91,560,000USD154,841,999USD11,916,000USD10,916,000USD13,302,999USD22,314,000USD—
    Non Current Liabilities Total—4,671,000USD4,911,000USD5,143,000USD5,372,000USD5,590,000USD314,624,000USD—
    Non Currrent Assets Other—36,000USD58,999USD5,140,000USD3,811,000USD3,419,999USD3,373,000USD—
    Net Working Capital—312,945,000USD308,441,000USD226,744,000USD——98,682,000USD—
    Unclassified Current Liabilities—-3,188,000USD-3,289,000USD—————
    Unclassified Non Current Liabilities—4,671,000USD4,911,000USD5,143,000USD5,372,000USD5,590,000USD314,624,000USD—
    Unclassified Equity—821,895,000USD819,110,000USD6,749,000USD6,441,000USD5,794,000USD5,577,000USD—
    Current Deferred Revenue———1,206,000USD2,406,000USD3,239,000USD3,239,000USD—
    Unclassified Non Current Assets—————2,700,000USD——
    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 · USD
    Total Assets479,512,000USD136,916,000USD91,409,000USD39,389,000USD
    Other Current Assets19,567,000USD5,807,000USD3,835,000USD4,366,999USD
    Total Liab21,140,000USD21,721,000USD20,127,000USD18,519,000USD
    Total Stockholder Equity458,372,000USD115,195,000USD71,282,000USD20,870,000USD
    Other Current Liab15,338,000USD9,991,000USD6,755,000USD2,794,000USD
    Common Stock5,000USD———
    Capital Stock5,000USD308,823,000USD188,867,000USD83,831,000USD
    Retained Earnings-360,520,000USD-199,368,000USD-121,788,000USD-66,078,999USD
    Cash46,729,000USD38,253,000USD79,769,000USD27,665,000USD
    Cash And Short Term Investments305,103,000USD108,795,000USD79,769,000USD27,665,000USD
    Total Current Assets324,670,000USD114,602,000USD83,604,000USD32,031,999USD
    Total Current Liabilities16,229,000USD15,920,000USD14,698,000USD12,596,000USD
    Net Debt-40,927,000USD-31,674,000USD-73,845,000USD-21,394,000USD
    Short Term Debt891,000USD778,000USD495,000USD348,000USD
    Short Long Term Debt Total5,802,000USD6,579,000USD5,924,000USD6,271,000USD
    Long Term Investments147,993,000USD———
    Short Term Investments258,374,000USD70,542,000USD——
    Accounts Payable3,289,000USD1,912,000USD3,250,000USD3,595,000USD
    Property Plant Equipment Net6,583,000USD7,561,000USD6,585,000USD7,123,000USD
    Property Plant Equipment Gross9,222,000USD———
    Accumulated Other Comprehensive Income-228,000USD163,000USD——
    Common Stock Shares Outstanding44,024,088shares41,428,922shares41,428,922shares41,428,922shares
    Non Current Assets Total154,841,999USD22,313,999USD7,805,000USD7,357,000USD
    Non Current Liabilities Total4,911,000USD5,801,000USD5,428,999USD5,922,999USD
    Non Currrent Assets Other58,999USD3,165,999USD——
    Net Working Capital308,441,000USD———
    Unclassified Current Liabilities-3,289,000USD———
    Unclassified Non Current Liabilities4,911,000USD5,801,000USD5,428,999USD5,922,999USD
    Unclassified Equity819,110,000USD5,577,000USD4,203,000USD3,117,999USD
    Current Deferred Revenue—3,239,000USD4,198,000USD5,859,000USD
    Unclassified Non Current Assets—11,587,000USD1,220,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Depreciation309,000USD
    Stock Based Compensation18,262,000USD
    Change To Liabilities2,724,000USD
    Change In Working Capital4,084,000USD
    Operating Cash Flow-96,048,000USD
    Capital Expenditures-46,000USD
    Net Investments127,757,000USD
    Investing Cash Flow127,711,000USD
    Net Common Stock Issuance-7,502,000USD
    Unclassified Financing Cash Flow743,000USD
    Financing Cash Flow-6,759,000USD
    Change In Cash24,904,000USD
    End Cash Flow71,840,000USD
    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-60,668,000USD-79,548,000USD-29,419,000USD-29,846,000USD-22,339,000USD-21,229,000USD-19,016,000USD-18,400,000USD
    Depreciation162,000USD140,000USD136,000USD136,000USD166,000USD194,000USD187,000USD173,000USD
    Stock Based Compensation9,636,000USD35,521,000USD125,000USD——214,000USD354,000USD—
    Other Non Cash Items9,055,000USD34,301,000USD-240,000USD920,000USD167,000USD-144,000USD-712,000USD477,000USD
    Change In Working Capital273,000USD-1,722,000USD-2,393,000USD-5,177,000USD-3,544,000USD-523,000USD-667,000USD218,000USD
    Total Cash From Operating Activities-51,178,000USD-46,829,000USD-31,791,000USD-33,967,000USD-25,550,000USD-21,488,000USD-19,854,000USD-17,532,000USD
    Capital Expenditures-24,000USD-376,000USD-31,000USD-66,000USD0USD-106,000USD-374,000USD-288,000USD
    Free Cash Flow-51,202,000USD-47,205,000USD-31,822,000USD-34,033,000USD-25,550,000USD-21,594,000USD-20,228,000USD-17,820,000USD
    Investments67,031,000USD-242,177,000USD-135,557,000USD——32,500,000USD9,014,000USD—
    Total Cashflows From Investing Activities67,007,000USD-242,553,000USD-135,588,000USD17,434,000USD37,500,000USD32,394,000USD8,640,000USD-121,820,000USD
    Total Cash From Financing Activities-6,851,000USD271,965,000USD198,058,000USD-156,000USD-47,000USD5,000USD-207,000USD-1,698,000USD
    Change In Cash8,978,000USD-17,417,000USD30,679,000USD-16,689,000USD50,156,000USD10,911,000USD-11,421,000USD-179,813,000USD
    Begin Period Cash Flow46,729,000USD64,146,000USD33,674,000USD50,156,000USD38,460,000USD27,549,000USD38,970,000USD179,813,000USD
    End Period Cash Flow55,707,000USD46,729,000USD64,353,000USD33,467,000USD50,156,000USD38,460,000USD27,549,000USD38,970,000USD
    Other Cashflows From Financing Activities-7,502,000USD-3,894,000USD197,954,000USD-159,000USD-52,000USD5,000USD-207,000USD-1,959,000USD
    Unclassified Operating Cash Flow-9,636,000USD-35,521,000USD——————
    Issuance Of Capital Stock—275,686,000USD198,870,000USD——0USD0USD—
    Unclassified Financing Cash Flow——-198,766,000USD—————
    Unclassified Investing Cash Flow———17,500,000USD37,500,000USD——-121,532,000USD
    SourceLegacy providerLegacyLegacy 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-161,152,000USD-77,580,000USD-55,709,000USD-30,016,000USD
    Depreciation578,000USD701,000USD556,000USD574,000USD
    Stock Based Compensation36,006,000USD———
    Other Non Cash Items35,273,000USD1,129,000USD1,106,000USD1,142,000USD
    Change In Working Capital-12,836,000USD-3,065,000USD2,041,000USD1,723,000USD
    Total Cash From Operating Activities-138,137,000USD-78,815,000USD-52,006,000USD-26,577,000USD
    Capital Expenditures-473,000USD-770,000USD-462,000USD-746,000USD
    Free Cash Flow-138,610,000USD-79,585,000USD-52,468,000USD-27,323,000USD
    Investments-322,734,000USD———
    Total Cashflows From Investing Activities-323,207,000USD-80,788,000USD-462,000USD-746,000USD
    Total Cash From Financing Activities469,820,000USD118,060,000USD104,572,000USD33,174,999USD
    Issuance Of Capital Stock474,556,000USD———
    Change In Cash8,476,000USD-41,516,000USD52,104,000USD27,665,000USD
    Begin Period Cash Flow38,253,000USD79,769,000USD27,665,000USD—
    End Period Cash Flow46,729,000USD38,253,000USD79,769,000USD27,665,000USD
    Other Cashflows From Financing Activities-5,021,000USD-2,190,000USD——
    Unclassified Operating Cash Flow-36,006,000USD———
    Unclassified Investing Cash Flow—-80,018,000USD——
    Unclassified Financing Cash Flow—120,250,000USD——
    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.