Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.
Key numbers, fiscal 2022
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 2 fiscal years, latest first.7
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Research | $86.6M | $39.2M |
| General and administrative costs | $45.1M | $32.6M |
| Share-based compensation | $10.9M | $31.3M |
| TOTAL EXPENSES | $142.6M | $103.1M |
| Interest income | $5.1M | $6.0M |
| Foreign currency translation gain | $492.0K | $15.5M |
| Other loss | -$2.6M | -$20.0K |
| Debt issuance cost | -$2.9M | $0 |
| Fair value loss on financial instruments | -$5.5M | $0 |
| TOTAL OTHER INCOME (LOSS) | -$5.4M | $21.5M |
| NET LOSS FOR THE YEAR | -$148.0M | -$81.6M |
| Unrealized gain (loss) on translation of foreign operations | $188.0K | -$14.4M |
| COMPREHENSIVE LOSS FOR THE YEAR | -$147.8M | -$96.0M |
| Basic loss per share for the year (in dollars per share) | -$4.25 | -$4.04 |
| Diluted loss per share for the year (in dollars per share) | -$4.25 | -$4.04 |
| Weighted average number of common shares outstanding - diluted (in shares) | 34.8M shares | 20.2M shares |
| Weighted average number of common shares outstanding - basic (in shares) | 34.8M shares | 20.2M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.7
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Cash | $157.3M | $93.9M | |
| Accounts receivable | $5.0M | $4.1M | |
| Prepaid expenses | $22.2M | $15.4M | |
| Other current assets | $0 | $2.0M | |
| Total Current Assets | $184.5M | $115.5M | |
| Equipment | $195.0K | $98.0K | |
| Intangible assets | $30.2M | $28.5M | |
| Goodwill | $36.2M | $35.8M | |
| Total Non-Current Assets | $66.6M | $64.4M | |
| TOTAL ASSETS | $251.2M | $179.9M | |
| Accounts payable and accrued liabilities | $19.4M | $14.9M | |
| Total Liabilities | $19.4M | $14.9M | |
| Share capital | $492.1M | $345.3M | |
| Contributed surplus | $35.0M | $32.6M | |
| Pre-funded warrants | $16.4M | $0 | |
| Restricted and performance share unit reserve | $7.5M | $0 | |
| Options reserve | $31.6M | $36.3M | |
| Warrants reserve | $38.2M | $20.5M | |
| Accumulated other comprehensive income (loss) | $630.0K | -$14.3M | |
| Deficit | -$389.5M | -$255.4M | |
| TOTAL SHAREHOLDERS' EQUITY | $231.8M | $165.0M | $215.4M |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $251.2M | $179.9M |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Cash | $157.3M | $93.9M | |
| Accounts receivable | $5.0M | $4.1M | |
| Prepaid expenses | $22.2M | $15.4M | |
| Other current assets | $0 | $2.0M | |
| Total Current Assets | $184.5M | $115.5M | |
| Equipment | $195.0K | $98.0K | |
| Intangible assets | $30.2M | $28.5M | |
| Goodwill | $36.2M | $35.8M | |
| Total Non-Current Assets | $66.6M | $64.4M | |
| TOTAL ASSETS | $251.2M | $179.9M | |
| Accounts payable and accrued liabilities | $19.4M | $14.9M | |
| Total Liabilities | $19.4M | $14.9M | |
| Share capital | $492.1M | $345.3M | |
| Contributed surplus | $35.0M | $32.6M | |
| Pre-funded warrants | $16.4M | $0 | |
| Restricted and performance share unit reserve | $7.5M | $0 | |
| Options reserve | $31.6M | $36.3M | |
| Warrants reserve | $38.2M | $20.5M | |
| Accumulated other comprehensive income (loss) | $630.0K | -$14.3M | |
| Deficit | -$389.5M | -$255.4M | |
| TOTAL SHAREHOLDERS' EQUITY | $231.8M | $165.0M | $215.4M |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $251.2M | $179.9M |
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 2 fiscal years, latest first.7
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Net loss for the year | -$148.0M | -$81.6M |
| Share-based compensation | $10.9M | $31.3M |
| Fair value loss on financial instruments | $5.5M | $0 |
| Depreciation and amortization | $120.0K | $348.0K |
| Gain on sale of lab equipment | -$7.0K | $0 |
| Unrealized foreign currency translation gain | -$492.0K | -$15.5M |
| Other loss | $0 | $20.0K |
| Cash flows used in operating activities before net changes in non-cash working capital items | -$132.0M | -$65.5M |
| Accounts receivable | -$934.0K | -$790.0K |
| Prepaid expenses | -$6.8M | -$13.3M |
| Other current assets | $2.0M | -$417.0K |
| Accounts payable and accrued liabilities | $4.5M | $7.7M |
| Net cash flows used in operating activities | -$133.3M | -$72.3M |
| Purchase of equipment and intangible assets | -$1.4M | -$1.4M |
| Proceeds on sale of lab equipment | $10.0K | $0 |
| Net cash flows used in investing activities | -$1.4M | -$1.4M |
| Proceeds on issuance of common shares, net | $146.1M | $14.3M |
| Proceeds on issuance of convertible debentures | $44.5M | $0 |
| Proceeds from issuance of pre-funded warrants, net | $28.1M | $0 |
| Options exercised | $53.0K | $0 |
| Taxes paid related to net share settlement of RSUs | -$75.0K | $0 |
| Share issuance costs | -$240.0K | $0 |
| Repayment of convertible debentures | -$20.1M | $0 |
| Lease payments | $0 | -$210.0K |
| Net cash flows provided by financing activities | $198.2M | $14.1M |
| Effects of exchange rate changes on cash | -$269.0K | -$687.0K |
| Net increase (decrease) in cash | $63.3M | -$60.3M |
| Interest received | $4.9M | $5.7M |
| Interest paid | $5.5M | $0 |
| Income taxes paid | $0 | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
Helus Pharma Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Helus Pharma Inc.
- Eric H. L. So Filed SCHEDULE 13D on Helus Pharma Inc., latest Sep 9, 2026
- Paul Glavine Filed SCHEDULE 13D on Helus Pharma Inc., latest Sep 9, 2026
- Sirenia Capital Management LP Filed SCHEDULE 13G/A on Helus Pharma Inc., latest Aug 14, 2026 (2 filings since May 15, 2026)
- Adage Capital Management, L.P. Filed SCHEDULE 13G on Helus Pharma Inc., latest Aug 12, 2026
- Point72 Asset Management, L.P. Filed SCHEDULE 13G/A on Helus Pharma Inc., latest May 15, 2026 (7 filings since Sep 15, 2023)
- MILLENNIUM MANAGEMENT LLC Filed SCHEDULE 13G/A on Helus Pharma Inc., latest Apr 22, 2026 (3 filings since Mar 26, 2026)
- ORBIMED ADVISORS LLC Filed SCHEDULE 13G on Helus Pharma Inc., latest Feb 17, 2026
- TANG CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Helus Pharma Inc., latest Feb 17, 2026 (4 filings since Dec 3, 2024)
- Deep Track Capital, LP Filed SCHEDULE 13G/A on Helus Pharma Inc., latest Feb 13, 2026 (4 filings since Mar 22, 2024)
- Venrock Healthcare Capital Partners III, L.P. Filed SCHEDULE 13G on Helus Pharma Inc., latest Nov 7, 2025
- RA CAPITAL MANAGEMENT, L.P. Filed SCHEDULE 13G/A on Helus Pharma Inc., latest Feb 14, 2025 (2 filings since Mar 25, 2024)
- Logos Global Management LP Filed SC 13G/A on Helus Pharma Inc., latest Nov 14, 2024 (2 filings since Aug 27, 2024)
- Helus Pharma Inc. A1
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Helus Pharma Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | 141.0K CAD2 Mar 31, 2025 | 266.0K CAD2 Mar 31, 2024 | −47.0% |
| Operating-lease assets (leased space) | 0 CAD2 Mar 31, 2025 | 281.0K CAD2 Mar 31, 2024 | −100.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | 135.0M CAD2 Mar 31, 2025 | 209.0M CAD2 Mar 31, 2024 | −35.4% |
Intangibles and goodwill
Leadership
Who has led Helus Pharma Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerMichael Halstead Sep 17, 2026 to now8
Board members and other officers (1)
- Chief Growth OfficerPaul Glavine Sep 9, 2026 to now9
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive OfficerAaron Bartlone named Jul 10, 2023 to Sep 1, 202610
- Executive OfficerAlex Nivorozhkin named Mar 21, 2022 to Sep 1, 202610
- Executive OfficerAmir Inamdar named Jul 16, 2026 to Sep 1, 202610
- Executive Officer, DirectorEric So named Mar 21, 2022 to Sep 1, 202610
- Executive OfficerGabriel Fahel named Jul 10, 2023 to Sep 1, 202610
- Executive OfficerGeorge Tziras named Apr 3, 2024 to Sep 1, 202610
- Executive OfficerGreg Cavers named Mar 21, 2022 to Sep 1, 202610
- Executive OfficerMichael Cola named Mar 23, 202611
- Executive OfficerDouglas Drysdale named Apr 3, 2024 to Aug 27, 202512
- Director, Executive OfficerDoug Drysdale named Mar 21, 2022 to Nov 29, 202313
- Executive OfficerBrett Greene named Apr 28, 202214
- Executive OfficerGabe Fahel named Mar 21, 2022 to Apr 28, 202214
- Executive OfficerLori Challenger named Mar 21, 2022 to Apr 28, 202214
- Executive OfficerMichael Palfreyman named Mar 21, 2022 to Apr 28, 202214
- Executive OfficerBrett Green named Mar 21, 2022 to Mar 22, 202215
- DirectorEric Hoskins named Mar 21, 2022 to Sep 1, 202610
- DirectorFreda Lewis-Hall named Jul 16, 2026 to Sep 1, 202610
- DirectorGrant Froese named Mar 21, 2022 to Sep 1, 202610
- DirectorMark Lawson named Mar 21, 2022 to Sep 1, 202610
- DirectorTheresa Firestone named Mar 21, 2022 to Sep 1, 202610
Former names
- CYBIN INC.Nov 20, 2020 to Sep 23, 20263
Timeline
- Sep 17, 2026New chief executive Michael Halstead becomes CEO8
Calendar
Coming up
- Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($1.39) a share, on Nov 13, 2025.16
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
423 filings to the SEC since October 2021: 6 annual reports, 15 insider forms, 33 large holders, 23 private raises, 346 other. The latest 20:
- Oct 15, 20266-K EDGAR
- Oct 8, 20266-K EDGAR
- Oct 5, 20266-K EDGAR
- Oct 2, 20266-K EDGAR
- Oct 1, 20266-K EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20263 EDGAR
- Oct 1, 20264 EDGAR
- Sep 23, 20266-K EDGAR
- Sep 22, 20266-K EDGAR
- Sep 21, 20266-K EDGAR
- Sep 21, 20264 EDGAR
- Sep 17, 20263 EDGAR
- Sep 11, 20264 EDGAR
- Sep 11, 20264 EDGAR
- Sep 11, 20264 EDGAR
- Sep 10, 20266-K EDGAR
- Sep 10, 20264 EDGAR
- Sep 10, 20264 EDGAR
The 423 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
8 open-market trades by officers, directors and large owners since October 2021: 8 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 21, 2026 | Halstead MichaelChief Executive Officer | Buy | 100,000 | $13.47 | $1.3M | Form 4 |
| Sep 8, 2026 | Glavine PaulChief Growth Officer | Buy | 100,000 | $12.47 | $1.2M | Form 4 |
| Sep 8, 2026 | Glavine PaulChief Growth Officer | Buy | 100,000 | $12.47 | $1.2M | Form 4 |
| Sep 8, 2026 | So Eric H. L.Executive Chair | Buy | 100,000 | $12.39 | $1.2M | Form 4 |
| Sep 4, 2026 | So Eric H. L.Executive Chair | Buy | 100,000 | $12.09 | $1.2M | Form 4 |
| Sep 3, 2026 | Glavine PaulChief Growth Officer | Buy | 100,000 | $11.78 | $1.2M | Form 4 |
| Sep 1, 2026 | So Eric H. L.Executive Chair | Buy | 95,000 | $11.81 | $1.1M | Form 4 |
| Aug 31, 2026 | Glavine PaulChief Growth Officer | Buy | 90,000 | $11.59 | $1.0M | Form 4 |
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.
- Eric H. L. SoSCHEDULE 13D, 1 filing Sep 9, 202617
- Paul GlavineSCHEDULE 13D, 1 filing Sep 9, 202618
- Sirenia Capital Management LPSCHEDULE 13G/A, 2 filings May 15, 2026 to Aug 14, 202619
- Adage Capital Management, L.P.SCHEDULE 13G, 1 filing Aug 12, 202620
- Point72 Asset Management, L.P.SCHEDULE 13G/A, 7 filings Sep 15, 2023 to May 15, 202621
- MILLENNIUM MANAGEMENT LLCSCHEDULE 13G/A, 3 filings Mar 26, 2026 to Apr 22, 202622
- ORBIMED ADVISORS LLCSCHEDULE 13G, 1 filing Feb 17, 202623
- TANG CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 4 filings Dec 3, 2024 to Feb 17, 202624
- Deep Track Capital, LPSCHEDULE 13G/A, 4 filings Mar 22, 2024 to Feb 13, 202625
- Venrock Healthcare Capital Partners III, L.P.SCHEDULE 13G, 1 filing Nov 7, 202526
- RA CAPITAL MANAGEMENT, L.P.SCHEDULE 13G/A, 2 filings Mar 25, 2024 to Feb 14, 202527
- Logos Global Management LPSC 13G/A, 2 filings Aug 27, 2024 to Nov 14, 202428
- Peter David RandsSC 13G/A, 2 filings Nov 7, 2023 to Nov 17, 202329
- ORBIMED CAPITAL LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 14, 202330
Money raised
Private offerings the company reported to the SEC on Form D.
- Aug 19, 2026Filed a private offering of securities Form D: $261,987 offered in all Form D
- Aug 3, 2026Filed a private offering of securities Form D: 1 investor so far Form D
- Aug 3, 2026Filed a private offering of securities Form D: 2 investors so far Form D
- Jul 1, 2026Filed a private offering of securities Form D: 5 investors so far Form D
- Jul 1, 2026Filed a private offering of securities Form D: $511,720 offered in all Form D
- Mar 10, 2026Filed a private offering of securities Form D: 1 investor so far Form D
- Dec 31, 2025Filed a private offering of securities Form D: $114,154 offered in all Form D
- Nov 14, 2025Filed a private offering of securities Form D: $288,580 offered in all Form D
- Oct 1, 2025Filed a private offering of securities Form D: $601,865 offered in all Form D
- Aug 29, 2025Filed a private offering of securities Form D: $120,070 offered in all Form D
- Aug 15, 2025Filed a private offering of securities Form D: $637,404 offered in all Form D
- Aug 15, 2025Filed a private offering of securities Form D: $288,280 offered in all Form D
- Jun 30, 2025Raised $50 million in a private offering of debt Form D: 1 investor so far Form D
- Nov 27, 2024Filed a private offering of securities Form D: $748,395 offered in all Form D
- Aug 15, 2024Filed a private offering of securities Form D: $3.2 million offered in all Form D
- Apr 5, 2024Filed a private offering of securities Form D: $1.9 million offered in all Form D
- Mar 19, 2024Raised $108.7 million in a private offering of equity Form D: 12 investors so far Form D
- Nov 16, 2023Filed a private offering of securities Form D: $1.7 million offered in all Form D
- Jun 29, 2023Filed a private offering of securities Form D: $2 million offered in all Form D
- Mar 8, 2022Raised $317,098 in a private offering of securities Form D: 1 investor so far Form D
- Mar 4, 2022Raised $17,725 in a private offering of securities Form D: 1 investor so far Form D
- Dec 14, 2020Raised $342,513 in a private offering of securities Form D: 5 investors so far Form D
- Nov 27, 2020Raised $2.9 million in a private offering of securities Form D: 9 investors so far Form D
SEC filer profile
How Helus Pharma Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARHelus Pharma Inc.1
- CIK0001833141
- Filer status<br>emerging growth company an emerging growth company1
- Incorporated inOntario31
- Fiscal year endsMarch 311
- Industry code (SIC)2834 Pharmaceutical Preparations1
- SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
- Business address100 King Street West, Suite 5600, Toronto, Ontario, Canada1
- Phone(908) 764-83851
- Shares outstanding51,631,804 shares as of Mar 31, 202631
- On EDGAR sinceNov 20, 20201
- Filings442 in all: 6-K (301), D (27), SUPPL (19), 4 (11), SCHEDULE 13G/A (11), 6-K/A (10), SCHEDULE 13G (8), F-X (7)1
All 26 form types
SC 13G (7), F-10 (6), 40-F (5), SC 13G/A (5), 3 (4), FWP (4), EFFECT (3), CERT (2), F-10/A (2), SCHEDULE 13D (2), 25 (1), 40-F/A (1), 40FR12B (1), 8-A12B (1), CORRESP (1), F-10POS (1), S-8 (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (40-F) Jun 29, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares, no par value | HELP | The Nasdaq Stock Market LLC |
From the cover page of the 40-F filed Jun 29, 2026 (Section 12(b) of the Exchange Act).31
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 9SEC EDGARPaul Glavine, Chief Growth Officer
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- 16NasdaqNasdaq calendar
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