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What this page is: Delvantic's full research page for MapLight Therapeutics, Inc. (MPLT) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
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any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
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MapLight Therapeutics, Inc.
MPLT NASDAQ
Healthcare · Biotechnology
Redwood City, CA 94063, United States
maplightrx.com
Price
$11.38
Market Cap
$516.0M
Employees
133
Beta
—
Avg Volume
1,185,362
CEO
Dr. Christopher A. Kroeger M.B.A., M.D., Ph.D.
MapLight Therapeutics, Inc. is a clinical-stage biopharmaceutical company dedicated to developing innovative therapies for central nervous system (CNS) disorders. Its primary focus is on discovering and advancing circuit-specific treatments designed to address severe and difficult-to-treat brain conditions such as schizophrenia, Alzheimer’s disease psychosis, autism spectrum disorder, and Parkinson’s disease. The company's leading drug candidate, ML-007C-MA, combines M1/M4 muscarinic agonism with a peripherally acting anticholinergic, specifically targeting symptoms of schizophrenia and Alzheimer’s disease-related psychosis. Additional candidates in the pipeline address social deficits in autism, motor issues in Parkinson’s disease, and agitation-related disorders through novel pharmacological approaches. Founded in 2018 by leaders in psychiatry and neuroscience, MapLight Therapeutics leverages a proprietary discovery platform that identifies and modulates neural circuits causally linked to disease, aiming to move beyond the limitations of traditional CNS medications. The company plays a significant role in the ongoing evolution of neuropsychiatric drug development, prioritizing scientific rigor and circuit specificity to potentially offer safer and more effective therapeutic options for underserved patient populations.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 13 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jul 20, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
-45.2%
Dec '25
+94.6%
Feb '26
-197.6%
Mar '26
-22.9%
May '26
+5.9%
Jul '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Jul 20, 2026 | $0.34 | $0.36 +5.9% | — | — |
| May 14, 2026 | $-1.09 | $-1.34 -22.9% | — | — |
| Mar 26, 2026 | $-0.83 | $-2.47 -197.6% | — | — |
| Feb 16, 2026 | $-10.85 | $-0.59 +94.6% | — | — |
| Dec 16, 2025 | $-0.42 | $-0.61 -45.2% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
Last updated: Aug 13, 2026 7:33am (7h ago)| Filed | Form | Document |
|---|---|---|
| Aug 4, 2026 | 4 | View |
| Aug 3, 2026 | SCHEDULE 13D/A | View |
| Aug 3, 2026 | 144 | View |
| Jul 31, 2026 | SCHEDULE 13D/A | View |
| Jul 30, 2026 | 144 | View |
| Jul 30, 2026 | 4 | View |
| Jul 28, 2026 | 4 | View |
| Jul 27, 2026 | 8-K | View |
| Jul 20, 2026 | 4 | View |
| Jul 20, 2026 | 4 | View |
| Jul 17, 2026 | 4 | View |
| Jul 17, 2026 | 4 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 13, 2026 2:41pm (just now)
Current data · timestamped when a report runs
$11.81
Change · Aug 13
+0.43 (+3.78%)
Day Range
$11.72 – $12.32
52-Week Range
$9.10 – $40.43
50-Day MA
$27.49
200-Day MA
$22.25
Volume
186,199.00
Share Structure
Outstanding
45,208,922.00
Float
15,524,092.00
Free Float
34.3%
Moderate free float
— 34.3% of shares trade freely, ~65.7% held by insiders/institutions
Reasonable but insiders still hold a significant stake. This can be positive (skin in the game) but may limit liquidity during sell-offs.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
-3.06
Stock Price: $11.38
EPS (Diluted): -3.71
EPS (Diluted): -3.71
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
1.08
Stock Price: $11.38
Total Equity: $458.37M
Shares: 43,403,705
Total Equity: $458.37M
Shares: 43,403,705
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
-2.90
Market Cap: $516.03M
Total Debt: $0.00
Cash: $46.73M
EBITDA: -$168.51M
Total Debt: $0.00
Cash: $46.73M
EBITDA: -$168.51M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$488.0M
Market Cap: $516.03M
Total Debt: $0.00
Cash: $46.73M
Total Debt: $0.00
Cash: $46.73M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
—
Gross Profit: N/A
Revenue: N/A
Revenue: N/A
Missing from API: Gross Profit, Revenue
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
—
Operating Income: -$169.08M
Revenue: N/A
Revenue: N/A
Missing from API: Revenue
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
—
Net Income: -$161.15M
Revenue: N/A
Revenue: N/A
Missing from API: Revenue
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
-35.2%
Net Income: -$161.15M
Total Equity: $458.37M
Total Equity: $458.37M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
-32.4%
Operating Income: -$169.08M
Tax Rate: N/A
Equity: $458.37M
Total Debt: $0.00
Cash: $46.73M
Tax Rate: N/A
Equity: $458.37M
Total Debt: $0.00
Cash: $46.73M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
20.01
Current Assets: $324.67M
Current Liabilities: $16.23M
Current Liabilities: $16.23M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $458.37M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $458.37M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
—
Revenue: N/A
Shares: 43,403,705
Shares: 43,403,705
Missing from API: Revenue
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$10.56
Total Equity: $458.37M
Shares: 43,403,705
Shares: 43,403,705
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$-3.19
Operating CF: -$138.14M
CapEx: -$473,000
Shares: 43,403,705
CapEx: -$473,000
Shares: 43,403,705
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
—
Last Dividend: $0.00
Stock Price: $11.38
Stock Price: $11.38
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$161.15M
Net Income: -$161.15M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 6, 2026 11:52pm (6d ago)| Metric | 2024 | 2025 |
|---|---|---|
| Revenue | — | — |
| Cost of Revenue | — | — |
| Gross Profit | — | — |
| Operating Expenses | $82.9M | $169.1M |
| Operating Income | -$82.9M | -$169.1M |
| Net Income | -$77.6M | -$161.2M |
| EBITDA | -$82.2M | -$168.5M |
| EPS | $-105.38 | $-3.71 |
| EPS (Diluted) | $-105.38 | $-3.71 |
Balance Sheet (Annual)
Last updated: Aug 6, 2026 11:52pm (6d ago)| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash & Equivalents | — | $38.3M | $46.7M |
| Total Current Assets | — | $114.6M | $324.7M |
| Total Assets | — | $136.9M | $479.5M |
| Current Liabilities | — | $15.9M | $16.2M |
| Long-Term Debt | — | — | — |
| Total Liabilities | — | $21.7M | $21.1M |
| Total Equity | -$117.6M | $115.2M | $458.4M |
| Retained Earnings | — | -$199.4M | -$360.5M |
Cash Flow (Annual)
Last updated: Aug 6, 2026 11:52pm (6d ago)| Metric | 2024 | 2025 |
|---|---|---|
| Operating Cash Flow | -$78.8M | -$138.1M |
| Capital Expenditure | $-770,000 | $-473,000 |
| Free Cash Flow | -$79.6M | -$138.6M |
| Acquisitions (net) | — | — |
| Net Debt Issued / (Repaid) | — | — |
| Dividends Paid | — | — |
| Stock Buybacks | — | — |
| Net Change in Cash | — | — |
Growth Trends (YoY %)
Last updated: Aug 6, 2026 11:52pm (6d ago)| Metric | 2025 |
|---|---|
| Revenue Growth | — |
| Gross Profit Growth | — |
| Operating Income Growth | -103.8% |
| Net Income Growth | -107.7% |
| EBITDA Growth | -104.9% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-08-03 | Lillie James Woodruff | S-Sale | 22,082.00 | $12.54 | $276,908 |
| 2026-07-30 | Catalyst4, Inc. | P-Purchase | 1,000,000.00 | $13.00 | $13.0M |
| 2026-07-29 | Catalyst4, Inc. | P-Purchase | 3,000.00 | $12.63 | $37,890 |
| 2026-07-28 | Cox Troy | P-Purchase | 15,620.00 | $9.52 | $148,702 |
| 2026-07-28 | Catalyst4, Inc. | P-Purchase | 141,088.00 | $10.74 | $1.5M |
| 2026-07-28 | Catalyst4, Inc. | P-Purchase | 65,137.00 | $11.69 | $761,393 |
| 2026-07-17 | Kroeger Christopher A. | S-Sale | 16,779.00 | $37.90 | $635,924 |
| 2026-07-17 | Lillie James Woodruff | S-Sale | 2,077.00 | $37.90 | $78,718 |
| 2026-07-17 | Hanson Kristopher | S-Sale | 1,130.00 | $37.90 | $42,827 |
| 2026-07-17 | Foff Erin Pennock | S-Sale | 3,656.00 | $37.90 | $138,562 |
| 2026-07-17 | GILLIS JONATHAN | S-Sale | 600.00 | $36.51 | $21,906 |
| 2026-07-17 | GILLIS JONATHAN | S-Sale | 16,969.00 | $37.61 | $638,204 |
| 2026-07-17 | GILLIS JONATHAN | S-Sale | 900.00 | $38.17 | $34,353 |
| 2026-07-17 | Kreitzer Anatol | S-Sale | 2,833.00 | $37.05 | $104,963 |
| 2026-07-17 | Kreitzer Anatol | S-Sale | 14,140.00 | $37.70 | $533,078 |
| 2026-07-17 | Kreitzer Anatol | S-Sale | 200.00 | $38.39 | $7,678 |
| 2026-07-16 | Kroeger Christopher A. | S-Sale | 40,899.00 | $36.46 | $1.5M |
| 2026-07-16 | Kroeger Christopher A. | S-Sale | 28,091.00 | $37.26 | $1.0M |
| 2026-07-16 | Kroeger Christopher A. | S-Sale | 92.00 | $37.96 | $3,492 |
| 2026-07-16 | Lillie James Woodruff | S-Sale | 5,009.00 | $36.45 | $182,578 |
Industry Benchmarks
Compares MPLT against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MPLT — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for MPLT — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for MPLT — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for MPLT — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.530 · 761561a2 · 2026-08-12 19:06:35