LB Pharmaceuticals Inc (LBRX) Stock Price & Analysis
LB Pharmaceuticals Inc (LBRX) closed at USD 39.83 on Wednesday, October 28, 2026, up 0.48% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 39.64; the Oct 28, 2026 session ranged USD 38.49–40.38 on volume of 201,736 shares. Market capitalization is $1.28B, with a 52-week range of USD 14.32–50.16 (NGM). Source: Nexqual, retrieved October 29, 2026 at 06:00 UTC.
Also available as compact Markdown for AI agents: nexqual.com/LBRX.md
Key facts (LBRX)
- Analysts: Buy (mean 1.91 on a 1–5 scale) (11 analysts), mean target USD 58 (range 35–80).
- Total return with dividends: 1Y +154.5% vs S&P 500 +13.6%; 5Y +137.1% vs S&P 500 +79.8%.
- Next earnings: 2026-11-12, EPS estimate USD -1.52, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (LBRX)
| USD | FY2024 | FY2025 | TTM |
|---|---|---|---|
| Net income | -$63.1M | -$25.2M | -$85.7M |
| EPS (diluted) | -$176.15 | -$3.13 | — |
| Free cash flow | -$53.8M | -$35.3M | -$82.8M |
| Cash + short-term investments | $25.4M | $295M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (LBRX)
P/B 3.9x · FCF yield -6.45% · Earnings yield -6.67%
Analysts (LBRX)
Consensus Buy (mean 1.91 on a 1–5 scale), 11 analysts; mean target USD 58 (low 35, high 80).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | Canaccord Genuity | Initiated | Buy | $65 |
| 2026-10-06 | Guggenheim | Initiated | Buy | $80 |
| 2026-10-05 | Roth Capital | Downgrade | Buy → Neutral | $37 → $35 |
| 2026-10-02 | Needham | Initiated | Buy | $68 |
| 2026-08-24 | HC Wainwright & Co. | Target raised | Buy | $45 → $60 |
| 2026-08-12 | BMO Capital | Target raised | Outperform | $46 → $54 |
| 2026-08-03 | HC Wainwright & Co. | Reiterated | Buy | $45 |
| 2026-07-21 | BMO Capital | Initiated | Outperform | $46 |
| 2026-07-07 | Wolfe Research | Initiated | Outperform | $45 |
Total return (dividends reinvested) (LBRX)
| 1Y (from 2025-10-29) | 5Y (from 2025-09-08) | |
|---|---|---|
| Total return | +154.5% | +137.1% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +155.3% | +113.5% |
| Volatility (annualized) | 62.2% | 50.6% |
| Max drawdown | -31.3% (Sep 2026→Oct 2026) | -25.5% (Aug 2026→Oct 2026) |
LBRX earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | −$1.71 | −$0.80 | Miss −113.8% | — |
| — | Quarter ended Dec 31, 2025 | −$0.45 | −$0.32 | Miss −40.6% | — |
| — | Quarter ended Sep 30, 2025 | −$0.61 | −$0.28 | Miss −117.9% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
LBRX recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 13, 2026 | Schedule 13G/A | JPMORGAN CHASE & CO.: 4.3% of shares, passive 5%+ holder (amended) |
| Sep 15, 2026 | 8-K | Director or executive officer change, or pay arrangement; Regulation FD disclosure “Appointment of Chief Medical Officer On September 15, 2026, LB Pharmaceuticals Inc (the "Company") announced that Susan G. Kozauer, M.D. has been appointed to serve as the Company's Chief Medical Officer, effective as of September 14, 2026 (the "Start Date"). Dr. Kozauer, age 54, served as the Senior Vice President, Head of Clinical Development at Centessa Pharmaceuticals from August 2025 to September 2026. Prior to that, she served as the Vice President in Clinical Development at Intra-Cellular Therapies, Inc.…” |
| Sep 3, 2026 | 8-K | Director or executive officer change, or pay arrangement; Regulation FD disclosure “Appointment of Chief Financial Officer On September 3, 2026, LB Pharmaceuticals Inc (the "Company") announced that Joseph M. Miller has been appointed to serve as the Company's Chief Financial Officer, effective as of September 2, 2026 (the "Start Date"). Mr. Miller, age 52, has over two decades of experience in both public and private biotech and commercial stage companies across the health sciences, biotech, and pharmaceutical sectors. Most recently. Mr. Miller served as the Chief Financial Officer of Aurinia…” |
| Aug 14, 2026 | Schedule 13G/A | TCG Crossover GP II, LLC, TCG Crossover Fund II, L.P.: 5.0% of shares, passive 5%+ holder (amended) |
| Aug 11, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 11, 2026 | 8-K | Quarterly results |
| Jul 29, 2026 | Schedule 13G/A | BlackRock, Inc.: 6.3% of shares, passive 5%+ holder (amended) |
| Jul 29, 2026 | 8-K | Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure “On July 28, 2026, LB Pharmaceuticals Inc (the "Company") entered into a Securities Purchase Agreement (the "Purchase Agreement") with certain investors (the "Investors") pursuant to which the Company, in a private placement (the "Private Placement"), agreed to issue and sell to the Investors an aggregate of (i) 3,577,560 shares (the "Shares") of the Company's common stock, par value $0.0001 per share (the "Common Stock") and (ii) pre-funded warrants (the "Pre-Funded Warrants") to purchase up to 715,513 shares of…” |
| Jul 22, 2026 | 8-K | Other material event “On July 22, 2026, LB Pharmaceuticals Inc (the "Company") issued a press release announcing accelerated timing of topline results from the Phase 3 NOVA-2 clinical trial of LB-102 in schizophrenia. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and, other than the quotes contained therein, is incorporated herein by reference.” |
| Jul 16, 2026 | Schedule 13G | JPMORGAN CHASE & CO: 5.2% of shares, passive 5%+ holder |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
LBRX suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | AbbVie (ABBV) | “In bipolar depression, we believe LB-102, if approved, would compete with several currently approved therapeutics, including: Vraylar (marketed by AbbVie Inc.);” |
Quoted from the company's 10-K filed Mar 26, 2026.
LBRX company outlook (results filed Aug 11, 2026)
- “We are looking forward to our first pivotal trial readout and recently announced that, based on enrollment in our pivotal NOVA-2 trial in schizophrenia being more rapid than expected, we now project topline data readout in the first half of 2027, ahead of our prior guidance, and plan to schedule a pre-NDA meeting with the FDA soon thereafter in the second half of 2027.”
- “LB-102 in Schizophrenia Based on enrollment projections in the pivotal Phase 3 NOVA-2 trial evaluating the efficacy and safety of LB-102 in patients with acute schizophrenia, topline data is expected in the first half of 2027.”
- “Based on current operating assumptions, the Company anticipates its current cash, cash equivalents, and marketable securities will support its planned operations beyond the second quarter of 2029.”
Quoted word-for-word from the SEC 8-K results press release.
LBRX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-1.52 | $-0.93 | −$0.59 | $0 | 8 |
| Next quarter (ends Dec 2026) | $-1.52 | $-1.04 | −$0.48 | $0 | 8 |
| Current fiscal year (ends Dec 2026) | $-5.47 | $-3.35 | −$2.12 | $0 | 9 |
| Next fiscal year (ends Dec 2027) | $-5.13 | $-4.25 | −$0.89 | $0 | 9 |
Key Statistics (as of October 29, 2026 at 06:00 UTC)
| Price | USD 39.83 |
|---|---|
| Change | ▲ 0.48% (up) |
| Previous Close | USD 39.64 |
| Open | USD 39.53 |
| Day Range | USD 38.49 – 40.38 |
| 52-Week Range | USD 14.32 – 50.16 |
| Volume | 201,736 shares |
| Market Cap | $1.28B |
| Exchange | NGM |
Technical Analysis (LBRX)
Nexqual's technical model rates LBRX "NEUTRAL" based on 3 bullish and 2 bearish signals across 127 daily candles, as of October 29, 2026 at 06:00 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 51.7 (neutral) |
| vs SMA50 | Below (USD 41.7) |
| MACD | -0.15 (negative) |
Analyst Ratings (LBRX)
Wall Street analysts rate LBRX "Buy" based on 11 analysts, with a mean price target of USD 58 (range USD 35–80), per Nexqual as of October 29, 2026 at 06:00 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 11 |
| Mean Target | USD 58 |
| High Target | USD 80 |
| Low Target | USD 35 |
| Buy / Hold / Sell | 10 / 1 / 0 |
Earnings (LBRX)
| Next Earnings Date | 2026-11-12 |
|---|---|
| EPS Estimate | USD -1.52 |
| Revenue Estimate | $0 |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -1.71 vs est -0.8 ▼ miss |
| 2025-12-31 | USD -0.45 vs est -0.32 ▼ miss |
| 2025-09-30 | USD -0.61 vs est -0.28 ▼ miss |
Source: Nexqual, October 29, 2026 at 06:00 UTC.
Financials & Fundamentals (LBRX)
| Gross Margin | +0.00% |
|---|---|
| Operating Margin | +0.00% |
| Profit Margin | +0.00% |
| ROE | -50.00% |
| Debt / Equity | 0.02 |
| Current Ratio | 15.08 |
| Total Cash | $327.79M |
| Total Debt | $5.22M |
Source: Nexqual, October 29, 2026 at 06:00 UTC.
Financial Health Score (LBRX)
Nexqual rates LB Pharmaceuticals Inc's overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 06:00 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Weak — Pre-revenue or very early stage |
| Balance Sheet | Strong — $328M cash vs $5M debt, net cash position |
| Cash Flow | Weak — Operating cash flow -$35M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE -26%, ROA -23.7% (last 4 quarters, SEC) |
Ownership (LBRX)
| Insider Ownership | +0.24% |
|---|---|
| Institutional Ownership | +102.29% |
| Shares Outstanding | 32.26M |
| Float | 26.46M |
| Short % of Float | +20.29% |
Source: Nexqual, October 29, 2026 at 06:00 UTC.
Leadership (LBRX)
LB Pharmaceuticals Inc is led by Heather D. Turner Esq., CEO & Director, per Nexqual as of October 29, 2026 at 06:00 UTC.
| CEO & Director | Heather D. Turner Esq. |
|---|---|
| Chief Operating & Business Officer | Gad Soffer |
| Senior Vice President of Technical Operations | Richard A. Silva |
| Senior Vice President of Regulatory Affairs | James Rawls Pharm.D. |
| Senior Vice President of Corporate Affairs | Ellen Rose |
Major Backers & Investors (LBRX)
Notable institutional backers of LB Pharmaceuticals Inc include Deep Track Capital, Lp, RA Capital Management, L.P., Trails Edge Capital Partners, LP, according to Nexqual as of October 29, 2026 at 06:00 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Deep Track Capital, Lp | 10.39% |
| RA Capital Management, L.P. | 6.85% |
| Trails Edge Capital Partners, LP | 4.72% |
| Commodore Capital Lp | 4.65% |
| JPMorgan | 4.64% |
| TCG Crossover Management, LLC | 4.49% |
| Caligan Partners, LP | 4.46% |
| Spruce Street Capital LP | 4.27% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.48% |
Source: Nexqual, October 29, 2026 at 06:00 UTC.
From LB Pharmaceuticals Inc's Latest SEC 10-K Filing (filed 2026-03-26)
Key Strengths & Strategy (as disclosed to the SEC)
- LB-102 is a new chemical entity and a methylated derivative of amisulpride, a second-generation antipsychotic drug approved in over 50 countries, not including the United States, because the development and regulatory requirements of the U.S.
- The adequacy of our Phase 2 trial to support registration will be a matter of review by the FDA at the time of NDA submission and will depend on the totality of the data included in our submission, including the results of our planned Phase 3 trial.
- Amisulpride is a dopamine receptor antagonist originally developed in France in the 1980s and is approved in more than 50 countries worldwide (not including the United States) for the treatment of schizophrenia and, in certain countries outside of the United States, for the treatment of dysthymia, a form of depression, and predominantly negative symptoms of schizophrenia.
- For example, we have developed a synopsis for a Phase 2 trial in patients with predominantly negative symptoms of schizophrenia and expect to seek regulatory guidance on the design of this trial in 2026 to establish a clinical registration path in this setting.
Legal & Regulatory Risks (Item 1A, quoted)
- Our relationships with healthcare providers, including physicians, and third-party payors may be subject to applicable anti-kickback, fraud and abuse and other healthcare laws and regulations, which could expose us to significant penalties, including criminal sanctions, civil penalties, contractual damages, reputational harm, and diminished profits and future earnings.
- We intend to seek approval to market our product candidate in the United States and we may also seek to do so in selected foreign jurisdictions, including the European Union.
- The FDA or comparable foreign regulatory authorities may impose consent decrees or withdraw approval if compliance with regulatory requirements and standards is not maintained or if problems occur after the product reaches the market.
- The policies of the FDA and comparable regulatory authorities may change and additional government regulations may be enacted that could prevent, limit, or delay regulatory approval of our product candidate.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ORKA | Oruka Therapeutics, Inc. | USD 95.97 | ▲ 0.17% |
| LGND | Ligand Pharmaceuticals Incorpor | USD 318.78 | ▲ 2.26% |
| IOVA | Iovance Biotherapeutics, Inc. | USD 14.81 | ▲ 1.58% |
| IONS | Ionis Pharmaceuticals, Inc. | USD 44.9 | ▲ 2.14% |
| AXSM | Axsome Therapeutics, Inc. | USD 143.51 | ▲ 0.92% |
| ABVX | Abivax SA | USD 89.84 | ▲ 3.26% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 06:00 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt