NASDAQ$OVID
Ovid Therapeutics Inc · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Ovid Therapeutics reported Q4 2025 net income of $9.7M ($0.06 per share) on a fair-value investment gain.
Q4 net income was $9.7M ($0.06 per share) versus a $9.3M loss a year ago, primarily from a ~$21M fair-value gain on a long-term equity investment. Royalty revenue was $0.7M in the quarter ($7.3M for the year including a one-time $7M payment). R&D expense rose to $6.6M on OV329 and KCC2 programs. Cash, equivalents and marketable securities totaled $90.4M, with runway into late 2028.
- Q4 net income $9.7M driven by $21M investment fair-value gain.
- OV329 7 mg cohort showed favorable safety/tolerability.
- OV4071 cleared to enter Phase 1 in Australia in Q2 2026.
- Cash $90.4M; runway into late 2028 (warrants may extend).
- FY2025 net loss $17.4M ($0.23 per share).
Headline financials
Revenue & EPS history
Ovid Therapeutics · Revenue · Quarterly
$700K
Revenue by segment
Ovid Therapeutics · $5.7M total across 1 segment · Q4 2020
- License and other revenue$5.7M—100.0%
Forward guidance
Pipeline milestones include Phase 2 OV329 start in Q2 2026, OV4071 Phase 1 and ketamine challenge mid-2026, and $60M private placement to fund TSC/IS expansion programs.
Tailwinds
- FDA alignment on OV329 Phase 3 path for IPF cough.
- KCC2 OV4071 first-in-class Phase 1 imminent.
- $60M financing for OV329 indication expansion.
- Warrant exercise could add up to $53.9M gross proceeds.
Headwinds
- Q4 profitability non-operating (investment mark).
- Clinical execution risk across multiple trials.
- Dependence on capital raises for runway extension.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2025
-0.5%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+3.6%
Avg return
30 days after
43%
15 / 35 earnings
Positive
+19.5%
Q2 2024
Best reaction
-26.9%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.9% | -5.7% | — | |
| Q4 2025 | +14.4% | +26.9% | +44.8% | |
| Q3 2025 | -2.2% | -3.7% | +21.5% | |
| Q1 2025 | -0.7% | -6.2% | -8.2% | |
| Q4 2024 | +0.1% | -11.4% | -48.0% | |
| Q2 2024 | +19.5% | +33.7% | +31.4% | |
| Q1 2024 | +9.9% | +4.3% | +6.0% | |
| Q4 2023 | -7.3% | -11.0% | +2.5% | |
| Q3 2023 | -7.9% | -4.8% | -9.5% | |
| Q2 2023 | -1.8% | -0.6% | +6.6% | |
| Q1 2023 | -5.2% | -2.5% | +0.1% | |
| Q4 2022 | +4.0% | +13.0% | +46.0% | |
| Q3 2022 | +2.1% | +11.1% | +26.4% | |
| Q2 2022 | +0.5% | +2.3% | -1.4% | |
| Q1 2022 | -12.1% | -22.3% | -30.5% | |
| Q4 2021 | -3.4% | +0.3% | +0.3% | |
| Q3 2021 | -2.8% | +0.8% | -9.7% | |
| Q2 2021 | -9.4% | -13.1% | -14.4% | |
| Q1 2021 | +2.3% | +6.9% | +28.4% | |
| Q4 2020 | +4.4% | +9.0% | -6.1% | |
| Q3 2020 | +18.9% | +19.1% | -49.6% | |
| Q2 2020 | -2.4% | +4.3% | -20.4% | |
| Q1 2020 | -0.3% | +10.6% | +43.7% | |
| Q4 2019 | -26.9% | -31.5% | -7.8% | |
| Q3 2019 | -1.5% | -6.5% | +54.2% | |
| Q2 2019 | -2.1% | -5.2% | +11.9% | |
| Q1 2019 | -14.0% | -20.1% | -24.8% | |
| Q4 2018 | -2.0% | +1.0% | -6.1% | |
| Q3 2018 | -8.0% | -7.9% | -39.1% | |
| Q2 2018 | +2.3% | +8.8% | -0.2% | |
| Q1 2018 | +4.8% | -1.9% | -9.5% | |
| Q4 2017 | -13.1% | -11.4% | +35.7% | |
| Q3 2017 | +15.2% | +20.4% | +49.7% | |
| Q2 2017 | -1.6% | +2.8% | +28.0% | |
| Q1 2017 | +5.3% | +0.4% | -29.7% | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — |
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