--- title: "Praxis Precision Medicines Metrics Guide" description: "Praxis Precision Medicines Inc. revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios explained." canonical: https://www.getswoopr.com/stocks/companies/praxis-precision-medicines-inc/financial-metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Praxis Precision Medicines Inc. Financial Metrics Guide ## Direct Answer > Praxis Precision Medicines Inc. reported revenue of $0 for the fiscal year ended December 31, 2025, net income of -$303 million, according to its SEC filings. Revenue fell 100.0% from the prior year. ## What Are Praxis Precision Medicines Inc.'s Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $0 | $9 million | $2 million | $0 | | Operating income | -$326 million | -$200 million | -$126 million | -$215 million | | Operating margin | n/a | -2340.3% | -5164.4% | n/a | | Net income | -$303 million | -$183 million | -$123 million | -$214 million | | Net margin | n/a | -2139.6% | -5026.6% | n/a | | Operating cash flow | -$249 million | -$132 million | -$111 million | -$185 million | | Capital expenditures | $56,000 | $0 | $50,000 | $444,000 | | Free cash flow | -$249 million | -$132 million | -$111 million | -$185 million | Free cash flow (operating cash flow minus capital expenditures) was -$249 million against net income of -$303 million; cash generation covered reported earnings. ![Bar chart of Praxis Precision Medicines Inc. revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $0, operating income negative $326 million and net income negative $303 million.](https://www.getswoopr.com/images/charts/praxis-precision-medicines-inc-metrics-revenue-profit.webp) *Praxis Precision Medicines Inc. revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Praxis Precision Medicines Inc. operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was n/a and net margin was n/a.](https://www.getswoopr.com/images/charts/praxis-precision-medicines-inc-metrics-margins.webp) *Praxis Precision Medicines Inc. operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Praxis Precision Medicines Inc. operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was negative $249 million, capital expenditures was $56,000, free cash flow was negative $249 million.](https://www.getswoopr.com/images/charts/praxis-precision-medicines-inc-metrics-cash-flow.webp) *Praxis Precision Medicines Inc. operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Praxis Precision Medicines Inc.'s Balance Sheet Show? | Cash and cash equivalents | $357 million | | --- | --- | | Long-term debt | Not reported | | Total assets | $938 million | | Total liabilities | $60 million | | Shareholders' equity | $878 million | | Current ratio | 10.2x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Praxis Precision Medicines Inc. reported in its own SEC filings, read from the SEC's XBRL data (accession 0001689548-26-000029 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Praxis Precision Medicines Inc.'s revenue in fiscal 2025? Praxis Precision Medicines Inc. reported revenue of $0 for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Praxis Precision Medicines Inc.'s operating margin? Praxis Precision Medicines Inc. did not report operating income under the standard tag for fiscal 2025, so Swoopr does not compute an operating margin; the income statement in its 10-K shows how it presents profit. ### How much free cash flow did Praxis Precision Medicines Inc. generate? Operating cash flow of -$249 million less capital expenditures of $56,000 gives free cash flow of -$249 million for fiscal 2025. ## References - [SEC EDGAR: Praxis Precision Medicines, Inc. Form 10-K filed February 19, 2026](https://www.sec.gov/Archives/edgar/data/1689548/000168954826000029/prax-20251231.htm) - [SEC EDGAR: Praxis Precision Medicines, Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1689548&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Praxis Precision Medicines Inc. company dossier](https://www.getswoopr.com/stocks/companies/praxis-precision-medicines-inc/) - [Praxis Precision Medicines Inc. financial metrics](https://www.getswoopr.com/stocks/companies/praxis-precision-medicines-inc/financial-metrics/) - [Praxis Precision Medicines Inc. financial risk indicators](https://www.getswoopr.com/stocks/companies/praxis-precision-medicines-inc/risks-monitoring/) - [Praxis Precision Medicines Inc. business model and revenue mix](https://www.getswoopr.com/stocks/companies/praxis-precision-medicines-inc/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) [Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/) Swoopr's editorial team produces independent investment education content. 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