EWTX on Nasdaq
Edgewise Therapeutics, Inc.
Our mission is to discover new medicines that improve the lives of people facing serious muscle disease.3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
- TickerEWTX on Nasdaq1
- IndustryPharmaceutical Preparations1
- HeadquartersBoulder, Colorado1
- Incorporated inDE2
- Business address1715 38Th St, Boulder, Co 803012
- Filer categoryLarge accelerated filer2
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Our mission is to discover new medicines that improve the lives of people facing serious muscle disease.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Research and development | $151.4M | $127.0M | $90.9M |
| General and administrative | $40.0M | $31.9M | $23.5M |
| Total operating expenses | $191.4M | $158.8M | $114.4M |
| Loss from operations | -$191.4M | -$158.8M | -$114.4M |
| Interest income | $23.6M | $25.0M | $14.2M |
| Total other income | $23.6M | $25.0M | $14.2M |
| Net loss | -$167.8M | -$133.8M | -$100.2M |
| Unrealized gain on available-for-sale securities | $257.0K | $321.0K | $1.5M |
| Total comprehensive loss | -$167.5M | -$133.5M | -$98.7M |
| Net loss per share, basic (in dollars per share) | -$1.63 | -$1.45 | -$1.57 |
| Net loss per share, diluted (in dollars per share) | -$1.63 | -$1.45 | -$1.57 |
| Weighted-average shares outstanding, basic (in shares) | 102.9M shares | 92.4M shares | 63.7M shares |
| Weighted-average shares outstanding, diluted (in shares) | 102.9M shares | 92.4M shares | 63.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $61.1M | $41.7M | ||
| Marketable securities, available for sale | $469.0M | $428.5M | ||
| Prepaid expenses and other assets | $13.3M | $5.3M | ||
| Total current assets | $543.4M | $475.5M | ||
| Property and equipment, net | $7.8M | $9.5M | ||
| Operating lease right-of-use asset | $1.4M | $1.6M | ||
| Other non-current assets | $262.0K | |||
| Total assets | $552.6M | $486.8M | ||
| Accounts payable | $6.0M | $5.6M | ||
| Accrued compensation | $12.4M | $10.1M | ||
| Accrued other expenses | $7.9M | $7.2M | ||
| Operating lease liability, current portion | $1.0M | $996.0K | ||
| Total current liabilities | $27.4M | $23.9M | ||
| Operating lease liability, net of current portion | $3.0M | $3.7M | ||
| Total liabilities | $30.3M | $27.6M | ||
| Common stock, $.0001 par value per share; 1,000,000,000 shares authorized as of December 31, 2025 and December 31, 2024; 106,249,579 shares and 94,838,466 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $10.0K | $9.0K | ||
| Additional paid-in capital | $1.1B | $837.4M | ||
| Accumulated other comprehensive income | $677.0K | $420.0K | ||
| Accumulated deficit | -$546.4M | -$378.6M | ||
| Total stockholders' equity | $522.3M | $459.2M | $318.8M | $346.7M |
| Total liabilities and stockholders' equity | $552.6M | $486.8M | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 1.0B shares | 1.0B shares | ||
| Common stock, shares issued | 106.2M shares | 94.8M shares | ||
| Common stock, shares outstanding | 106.2M shares | 94.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $61.1M | $41.7M | ||
| Marketable securities, available for sale | $469.0M | $428.5M | ||
| Prepaid expenses and other assets | $13.3M | $5.3M | ||
| Total current assets | $543.4M | $475.5M | ||
| Property and equipment, net | $7.8M | $9.5M | ||
| Operating lease right-of-use asset | $1.4M | $1.6M | ||
| Other non-current assets | $262.0K | |||
| Total assets | $552.6M | $486.8M | ||
| Accounts payable | $6.0M | $5.6M | ||
| Accrued compensation | $12.4M | $10.1M | ||
| Accrued other expenses | $7.9M | $7.2M | ||
| Operating lease liability, current portion | $1.0M | $996.0K | ||
| Total current liabilities | $27.4M | $23.9M | ||
| Operating lease liability, net of current portion | $3.0M | $3.7M | ||
| Total liabilities | $30.3M | $27.6M | ||
| Common stock, $.0001 par value per share; 1,000,000,000 shares authorized as of December 31, 2025 and December 31, 2024; 106,249,579 shares and 94,838,466 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $10.0K | $9.0K | ||
| Additional paid-in capital | $1.1B | $837.4M | ||
| Accumulated other comprehensive income | $677.0K | $420.0K | ||
| Accumulated deficit | -$546.4M | -$378.6M | ||
| Total stockholders' equity | $522.3M | $459.2M | $318.8M | $346.7M |
| Total liabilities and stockholders' equity | $552.6M | $486.8M | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 1.0B shares | 1.0B shares | ||
| Common stock, shares issued | 106.2M shares | 94.8M shares | ||
| Common stock, shares outstanding | 106.2M shares | 94.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$167.8M | -$133.8M | -$100.2M |
| Depreciation | $2.1M | $2.1M | $1.6M |
| Stock-based compensation | $34.8M | $24.7M | $17.6M |
| Accretion of discount on marketable securities, net | -$7.7M | -$12.5M | -$9.5M |
| Amortization of right-of-use asset | $182.0K | $221.0K | $181.0K |
| Prepaid expenses and other assets | -$8.0M | $3.3M | -$3.6M |
| Accounts payable | $272.0K | $1.7M | -$92.0K |
| Accrued compensation | $2.4M | $4.4M | $1.7M |
| Accrued other expenses and other liabilities | $691.0K | $1.2M | $526.0K |
| Lease liability | -$748.0K | -$220.0K | -$104.0K |
| Net cash used in operating activities | -$143.8M | -$109.0M | -$91.9M |
| Purchases of marketable securities | -$527.2M | -$477.1M | -$255.9M |
| Sales of marketable securities | $67.4M | $15.8M | $20.1M |
| Maturities of marketable securities | $427.3M | $277.9M | $344.4M |
| Purchases of property and equipment | -$256.0K | -$1.3M | -$5.7M |
| Net cash (used in) provided by investing activities | -$32.8M | -$184.7M | $102.9M |
| Proceeds from issuance of common stock, net of offering costs | $187.4M | $239.1M | $52.6M |
| Exercise of stock options | $7.8M | $9.5M | $117.0K |
| Payment of deferred offering costs | -$262.0K | -$165.0K | |
| Proceeds from Employee Stock Purchase Plan | $923.0K | $888.0K | $596.0K |
| Net cash provided by financing activities | $196.1M | $249.3M | $53.2M |
| Net change in cash and cash equivalents | $19.5M | -$44.4M | $64.1M |
| Right-of-use asset obtained in exchange for new operating lease liability, net of tenant improvement receivable | $1.1M | ||
| Property and equipment purchases included in accounts payable and accrued other expenses | $199.0K | $44.0K | $227.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Edgewise Therapeutics, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerKevin Koch Mar 25, 2021 to now11
- PresidentKevin Koch Mar 25, 2021 to now11
- Chief financial officerMichael Nofi Nov 13, 2025 to now12
Board members and other officers (15)
- Chief Development OfficerRobert Blaustein Jan 23, 2025 to now13
- Chief Development OfficerMarc Semigran Dec 22, 2022 to Dec 27, 202414
- Chief Scientific OfficerAlan J. Russell Mar 25, 2021 to now15
- Chief Business OfficerBehrad Derakhshan Mar 25, 2021 to now16
- CMOJoanne M. Donovan May 4, 2021 to now17
- Board memberChristopher Nathan Martin Nov 24, 2025 to now18
- Board memberArlene Morris May 7, 2024 to now19
- Board memberAlan J. Russell Mar 25, 2021 to now15
- Board memberBadreddin Edris Mar 25, 2021 to now20
- Board memberJonathan D. Root Mar 25, 2021 to now21
- Board memberKenneth Ph.d. Harrison Mar 25, 2021 to Mar 25, 202122
- Board memberKevin Koch Mar 25, 2021 to now11
- Board memberLaura Brege Mar 25, 2021 to now23
- Board memberPeter A. Thompson Mar 25, 2021 to now24
- General counselJohn R. Moore Mar 25, 2021 to now25
Timeline
- Mar 25, 2021New chief executive Kevin Koch becomes CEO11
Filings
356 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 170 insider forms, 57 large holders, 62 other. The latest 20:
- Oct 2, 20264 PRIMARY DOCUMENT EDGAR
- Aug 17, 20264/A PRIMARY DOCUMENT EDGAR
- Aug 17, 20264/A PRIMARY DOCUMENT EDGAR
- Aug 17, 20264/A PRIMARY DOCUMENT EDGAR
- Aug 17, 20264/A PRIMARY DOCUMENT EDGAR
- Aug 17, 20264/A PRIMARY DOCUMENT EDGAR
- Aug 14, 20264 PRIMARY DOCUMENT EDGAR
- Aug 14, 20264 PRIMARY DOCUMENT EDGAR
- Aug 14, 20264 PRIMARY DOCUMENT EDGAR
- Aug 14, 20264 PRIMARY DOCUMENT EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 20264 PRIMARY DOCUMENT EDGAR
- Aug 14, 20264 PRIMARY DOCUMENT EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 2026144 EDGAR
- Aug 6, 20268-K EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 2026SCHEDULE 13G EDGAR
- Jul 17, 20264 PRIMARY DOCUMENT EDGAR
The 356 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
113 open-market trades by officers, directors and large owners since October 2021: 11 buys and 102 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 13, 2026 | Donovan Joanne M.CMO | Sale | 2,919 | $43.41 | $126.7K | Form 4 |
| Aug 12, 2026 | Russell Alan JChief Scientific Officer | Sale | 5,901 | $43.73 | $258.1K | Form 4 |
| Aug 12, 2026 | Derakhshan BehradChief Business Officer | Sale | 5,100 | $43.81 | $223.4K | Form 4 |
| Aug 12, 2026 | Donovan Joanne M.CMO | Sale | 6,522 | $43.85 | $286.0K | Form 4 |
| Aug 12, 2026 | MOORE JOHN RGeneral Counsel | Sale | 5,016 | $43.83 | $219.8K | Form 4 |
| Aug 12, 2026 | KOCH KEVINPresident and CEO | Sale | 17,971 | $43.68 | $785.0K | Form 4 |
| Jul 1, 2026 | Russell Alan JChief Scientific Officer | Sale | 200,000 | $39.41 | $7.9M | Form 4 |
| May 5, 2026 | Donovan Joanne M.CMO | Sale | 50,000 | $38.57 | $1.9M | Form 4 |
| May 4, 2026 | Donovan Joanne M.CMO | Sale | 5,230 | $31.29 | $163.6K | Form 4 |
| Apr 1, 2026 | Donovan Joanne M.CMO | Sale | 28,662 | $32.31 | $926.1K | Form 4 |
| Mar 31, 2026 | Donovan Joanne M.CMO | Sale | 21,338 | $32.12 | $685.4K | Form 4 |
| Mar 27, 2026 | Donovan Joanne M.CMO | Sale | 16,358 | $30.98 | $506.8K | Form 4 |
| Jan 21, 2026 | Edris BadreddinDirector | Sale | 115,471 | $29.44 | $3.4M | Form 4 |
| Nov 12, 2025 | Russell Alan JChief Scientific Officer | Sale | 100,000 | $21.12 | $2.1M | Form 4 |
| Nov 11, 2025 | Fox Jonathan CDirector | Buy | 10,700 | $18.64 | $199.4K | Form 4 |
| Aug 26, 2025 | Russell Alan JChief Scientific Officer | Sale | 100,000 | $14.60 | $1.5M | Form 4 |
| Aug 12, 2025 | MOORE JOHN RGeneral Counsel | Sale | 2,098 | $13.39 | $28.1K | Form 4 |
| Aug 12, 2025 | Derakhshan BehradChief Business Officer | Sale | 2,491 | $13.39 | $33.4K | Form 4 |
| Aug 12, 2025 | Carruthers R MichaelChief Financial Officer | Sale | 1,428 | $13.39 | $19.1K | Form 4 |
| Aug 12, 2025 | Russell Alan JChief Scientific Officer | Sale | 1,907 | $13.39 | $25.5K | Form 4 |
All 113 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BAKER BROS. ADVISORS LPSCHEDULE 13G/A, 3 filings Nov 14, 2024 to Aug 14, 202626
- Paradigm Biocapital Advisors LPSCHEDULE 13G/A, 3 filings Feb 3, 2025 to Aug 14, 202627
- RA CAPITAL MANAGEMENT, L.P.SCHEDULE 13G/A, 5 filings Feb 14, 2022 to Aug 14, 202628
- FMR LLCSCHEDULE 13G, 7 filings Feb 9, 2022 to Aug 6, 202629
- Janus Henderson Group Ltd.SCHEDULE 13G, 5 filings Feb 14, 2025 to May 15, 202630
- Novo Holdings A/SSCHEDULE 13D/A, 6 filings Sep 16, 2022 to Apr 27, 202631
- PERCEPTIVE ADVISORS LLCSCHEDULE 13G/A, 3 filings Feb 21, 2025 to Aug 14, 202532
- ORBIMED ADVISORS LLCSCHEDULE 13D/A, 4 filings Sep 16, 2022 to May 12, 202533
- EcoR1 Capital, LLCSC 13G/A, 2 filings Sep 26, 2022 to Nov 14, 202434
- James E. FlynnSC 13G/A, 3 filings Feb 10, 2023 to Nov 14, 202435
- VIKING GLOBAL INVESTORS LPSC 13G/A, 4 filings Feb 14, 2022 to Nov 14, 202436
- BlackRockSC 13G, 2 filings Oct 22, 2024 to Nov 8, 202437
- Deep Track Capital, LPSC 13G/A, 2 filings Sep 23, 2022 to Feb 14, 202438
- CITADEL ADVISORS LLCSC 13G/A, 3 filings Jan 13, 2022 to Feb 14, 202339
- Cormorant Global Healthcare Master Fund, LPSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202340
- U.S. Venture Partners XI, L.P.SC 13D/A, 1 filing Feb 1, 202341
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Orbimed Advisors LLC | 15,518,492 | $630.5M | 12.0% | No change |
| Paradigm Biocapital Advisors LP | 10,215,455 | $415.1M | 7.8% | +2,850,417 |
| Ra Capital Management, L.P. | 8,392,730 | $341.0M | 3.0% | −2,035,707 |
| BlackRock, Inc. | 6,606,336 | $268.4M | 0.0% | +133,345 |
| Jupiter Topco LLC | 6,075,331 | $246.9M | 0.1% | New |
| Fmr LLC | 5,489,135 | $223.0M | 0.0% | +4,472,083 |
| Novo Holdings A/s | 5,350,000 | $217.4M | 12.6% | No change |
| Driehaus Capital Management LLC | 4,728,623 | $192.1M | 1.1% | +250,681 |
| Perceptive Advisors LLC | 4,373,974 | $177.7M | 2.8% | −50,000 |
| Vanguard Capital Management LLC | 3,860,670 | $156.9M | 0.0% | +72,509 |
| Baker Bros. Advisors LP | 3,701,719 | $150.4M | 0.8% | −2,874,221 |
| Siren, L.L.C. | 3,184,629 | $129.4M | 2.6% | −1,245,634 |
| Cormorant Asset Management, LP | 2,510,000 | $102.0M | 5.2% | −750,000 |
| Geode Capital Management, LLC | 2,174,051 | $88.3M | 0.0% | +384,232 |
| Integral Health Asset Management, LLC | 2,000,000 | $81.3M | 3.3% | +400,000 |
| Braidwell LP | 1,996,965 | $81.1M | 3.1% | −350,618 |
| Morgan Stanley | 1,948,597 | $79.2M | 0.0% | −297,431 |
| State Street Corp | 1,827,927 | $74.3M | 0.0% | +111,104 |
| Alliancebernstein L.P. | 2,119,024 | $66.7M | 0.0% | +396,855 |
| Mpm Bioimpact LLC | 1,620,780 | $65.9M | 4.0% | −39,916 |
| Bank Of America Corp /de/ | 1,558,260 | $63.3M | 0.0% | +230,900 |
| Qube Research & Technologies Ltd | 1,252,507 | $50.9M | 0.1% | +426,597 |
| Dimensional Fund Advisors LP | 1,139,726 | $46.3M | 0.0% | −79,991 |
| American Century Companies Inc | 1,127,078 | $45.8M | 0.0% | −20,098 |
| First Light Asset Management, LLC | 1,095,171 | $44.5M | 2.7% | +93,325 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 11SEC EDGARKevin Koch, Chief executive officer
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- 17SEC EDGARJoanne M. Donovan, CMO
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- 19SEC EDGARArlene Morris, Board member
- 20SEC EDGARBadreddin Edris, Board member
- 21SEC EDGARJonathan D. Root, Board member
- 22SEC EDGARKenneth Ph.d. Harrison, Board member
- 23SEC EDGARLaura Brege, Board member
- 24SEC EDGARPeter A. Thompson, Board member
- 25SEC EDGARJohn R. Moore, General counsel
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