IKT on Nasdaq
Inhibikase Therapeutics, Inc.
American biological products company based in Atlanta, incorporated in Delaware. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerIKT on Nasdaq2
- IndustryBiological Products, (No Diagnostic Substances)2
- HeadquartersAtlanta, United States2
- Incorporated inDE3
- Business address1000 N. West Street, Suite 1200, Wilmington, De 198013
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI549300066CFEWOA17F122
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 48322442
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We are a clinical-stage pharmaceutical company developing therapeutics to modify the course of cardiopulmonary diseases, namely, Pulmonary Arterial Hypertension (“PAH”), in which aberrant signaling through type III receptor tyrosine kinases, including platelet derived growth factor receptors and a stem cell factor receptor, known as “c-Kit”, has been implicated. Our lead product candidate is IKT-001, a prodrug of imatinib mesylate (“imatinib”), for PAH which is an orphan indication. Imatinib was first approved in the United States in 2001 for various cancers and blood disorders and, following more than 20 years of clinical use, has a well-characterized safety profile with the first reported use of imatinib in PAH occurring in 2005. PAH is a progressive, life-threatening disease characterized by pulmonary vascular remodeling and elevated pulmonary vascular resistance that affects approxim…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development | $29.8M | $17.2M |
| Selling, general and administrative | $23.6M | $11.4M |
| Change in fair value contingent consideration | -$1.4M | $0 |
| Total costs and expenses | $52.0M | $28.6M |
| Loss from operations | -$52.0M | -$28.6M |
| Interest income | $3.7M | $1.1M |
| Net loss | -$48.3M | -$27.5M |
| Unrealized gain (loss) on marketable securities | $59.0K | -$38.1K |
| Comprehensive loss | -$48.2M | -$27.6M |
| Net loss per share - basic | -$0.49 | -$1.16 |
| Net loss per share - diluted | -$0.49 | -$1.16 |
| Weighted-average number of shares_basic | 98.3M shares | 23.7M shares |
| Weighted-average number of shares_diluted | 98.3M shares | 23.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $139.2M | $56.5M | |
| Marketable securities | $39.5M | $41.1M | |
| Prepaid research and development | $1.0M | $81.3K | |
| Prepaid expenses and other current assets | $343.4K | $826.5K | |
| Total current assets | $180.1M | $98.5M | |
| Equipment and improvements, net | $0 | $47.1K | |
| Right-of-use asset | $0 | $101.4K | |
| Prepaid research and development, noncurrent | $1.0M | $0 | |
| Amount held as a retainer | $95.1K | $0 | |
| Total assets | $181.2M | $98.6M | |
| Accounts payable | $1.2M | $943.0K | |
| Lease obligation, current | $0 | $110.5K | |
| Accrued expenses and other current liabilities | $4.1M | $2.7M | |
| Contingent consideration liability | $3.1M | $0 | |
| Total current liabilities | $8.3M | $3.7M | |
| Total liabilities | $8.3M | $3.7M | |
| Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2025 and December 31, 2024 | $0 | $0 | |
| Common stock, $0.001 par value; 500,000,000 and 100,000,000 shares authorized; 131,691,237 and 69,362,439 shares issued and outstanding (including 4,149,252 and 0 contingently issuable shares - see Note 7) at December 31, 2025 and December 31, 2024, respectively | $131.7K | $69.4K | |
| Additional paid-in capital | $315.4M | $189.3M | |
| Accumulated other comprehensive income (loss) | $21.8K | -$37.2K | |
| Accumulated deficit | -$142.7M | -$94.4M | |
| Total stockholders' equity | $172.9M | $94.9M | $11.0M |
| Total liabilities and stockholders' equity | $181.2M | $98.6M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M 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 | 500.0M shares | 100.0M shares | |
| Common stock, shares issued | 131.7M shares | 69.4M shares | |
| Common stock, shares outstanding | 131.7M shares | 69.4M shares | |
| Contingently Issuable Common Shares | 4.1M shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $139.2M | $56.5M | |
| Marketable securities | $39.5M | $41.1M | |
| Prepaid research and development | $1.0M | $81.3K | |
| Prepaid expenses and other current assets | $343.4K | $826.5K | |
| Total current assets | $180.1M | $98.5M | |
| Equipment and improvements, net | $0 | $47.1K | |
| Right-of-use asset | $0 | $101.4K | |
| Prepaid research and development, noncurrent | $1.0M | $0 | |
| Amount held as a retainer | $95.1K | $0 | |
| Total assets | $181.2M | $98.6M | |
| Accounts payable | $1.2M | $943.0K | |
| Lease obligation, current | $0 | $110.5K | |
| Accrued expenses and other current liabilities | $4.1M | $2.7M | |
| Contingent consideration liability | $3.1M | $0 | |
| Total current liabilities | $8.3M | $3.7M | |
| Total liabilities | $8.3M | $3.7M | |
| Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2025 and December 31, 2024 | $0 | $0 | |
| Common stock, $0.001 par value; 500,000,000 and 100,000,000 shares authorized; 131,691,237 and 69,362,439 shares issued and outstanding (including 4,149,252 and 0 contingently issuable shares - see Note 7) at December 31, 2025 and December 31, 2024, respectively | $131.7K | $69.4K | |
| Additional paid-in capital | $315.4M | $189.3M | |
| Accumulated other comprehensive income (loss) | $21.8K | -$37.2K | |
| Accumulated deficit | -$142.7M | -$94.4M | |
| Total stockholders' equity | $172.9M | $94.9M | $11.0M |
| Total liabilities and stockholders' equity | $181.2M | $98.6M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M 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 | 500.0M shares | 100.0M shares | |
| Common stock, shares issued | 131.7M shares | 69.4M shares | |
| Common stock, shares outstanding | 131.7M shares | 69.4M shares | |
| Contingently Issuable Common Shares | 4.1M shares | 0 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 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Income (Loss) | -$48.3M | -$27.5M |
| Depreciation | $60.5K | $26.3K |
| Stock-based compensation expense | $15.3M | $8.1M |
| Write-off of in-process research and development | $7.4M | $0 |
| Change in fair value contingent consideration | -$1.4M | $0 |
| Non-cash accretion on marketable securities | -$937.0K | $0 |
| Operating lease right of use assets | $101.4K | $120.8K |
| Prepaid expenses and other assets | $532.7K | -$616.5K |
| Prepaid research and development | -$1.9M | $138.5K |
| Other assets | -$95.1K | $0 |
| Accounts payable | $146.8K | $271.8K |
| Operating lease liabilities | -$110.5K | -$129.7K |
| Accrued expenses and other current liabilities | $1.4M | $420.1K |
| Net cash used in operating activities | -$27.8M | -$19.1M |
| Purchases of equipment and improvements | -$13.4K | $0 |
| Purchases of investments - marketable securities | -$39.1M | -$60.5M |
| Maturities of investments - marketable securities | $41.6M | $23.5M |
| Acquired in-process research and development | -$438.6K | $0 |
| Net cash provided by (used in) investing activities | $2.1M | -$37.0M |
| Proceeds from issuance of common stock, pre-funded warrants and warrants, net of issuance costs | $107.6M | $103.5M |
| Issuance of common stock from exercise of stock options | $845.5K | $0 |
| Net cash provided by financing activities | $108.5M | $103.5M |
| Net increase in cash and cash equivalents | $82.7M | $47.3M |
| Issuance costs | $7.4M | $11.5M |
| Contingent consideration | $4.4M | $0 |
| Non-cash IPR&D acquired through common stock contingently issued shares | $2.5M | $0 |
| Non-cash financing costs included in Accounts payable | $373.2K | $0 |
| CorHepta transaction costs | $175.0K | $0 |
| Write-off of fully depreciated equipment and improvements | $117.2K | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led Inhibikase Therapeutics, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerMark T. Iwicki Feb 19, 2025 to now12
- Chief executive officerMilton H. Werner Dec 22, 2020 to Jan 22, 202513
- PresidentChristopher Cabell Feb 25, 2025 to now14
- PresidentMilton H. Werner Dec 22, 2020 to Jan 22, 202513
- Chief financial officerDavid McIntyre Apr 16, 2025 to now15
- Chief financial officerGarth Lees-Rolfe Apr 2, 2024 to Jan 22, 202516
- Chief financial officerJoseph Frattaroli Dec 22, 2020 to May 23, 202217
Board members and other officers (13)
- Cheif Financial OfficerJoseph Frattaroli Mar 9, 2022 to Mar 3, 202318
- Board memberMark T. Iwicki Feb 19, 2025 to now12
- Board memberAurentz Vincent Feb 25, 2025 to now19
- Board memberAmit Munshi Oct 23, 2024 to now20
- Board memberArvind Kush Oct 23, 2024 to now21
- Board memberDavid Canner Oct 23, 2024 to now22
- Board memberRoberto Bellini Oct 23, 2024 to now23
- Board memberGisele Dion Sep 6, 2022 to Jul 18, 202424
- Board memberDennis N. Berman Dec 22, 2020 to now25
- Board memberElizabeth G. O'Farrell Dec 22, 2020 to Jun 28, 202226
- Board memberMilton H. Werner Dec 22, 2020 to Jan 22, 202513
- Board memberPaul C. Grint Dec 22, 2020 to Jul 18, 202427
- Board memberRoy Lester Freeman Dec 22, 2020 to now28
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive Officer, DirectorMilton H. Werner Ph.D named Feb 7, 202329
Timeline
Filings
287 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 60 major events, 91 insider forms, 37 large holders, 2 private raises, 75 other. The latest 20:
- Sep 8, 20268-K EDGAR
- Aug 26, 20268-K EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 11, 2026S-8 EDGAR
- Aug 11, 202610-Q EDGAR
- Aug 11, 20268-K EDGAR
- Jul 31, 2026SCHEDULE 13G/A EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 29, 20268-K EDGAR
- Jul 28, 2026SCHEDULE 13G EDGAR
- Jul 23, 20268-K EDGAR
- Jul 17, 2026SCHEDULE 13G EDGAR
- Jul 17, 20263 EDGAR
- Jul 14, 20268-K EDGAR
- Jun 30, 20264 EDGAR
- Jun 30, 20264 EDGAR
- Jun 30, 20264 EDGAR
The 287 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
9 open-market trades by officers, directors and large owners since October 2021: 9 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 21, 2025 | SANDS FRANK M.10% owner | Buy | 2,068,965 | $1.45 | $3.0M | Form 4 |
| Oct 21, 2024 | Bellini RobertoDirector | Buy | 1,460,000 | $1.37 | $2.0M | Form 4 |
| Oct 21, 2024 | Kush ArvindDirector | Buy | 145,000 | $1.37 | $198.7K | Form 4 |
| Oct 21, 2024 | Munshi AmitDirector | Buy | 365,000 | $1.37 | $500.1K | Form 4 |
| Aug 16, 2022 | Werner Milton H.President and CEO | Buy | 5,000 | $0.80 | $4.0K | Form 4 |
| May 27, 2022 | Werner Milton H.President and CEO | Buy | 5,000 | $0.98 | $4.9K | Form 4 |
| May 20, 2022 | Werner Milton H.President and CEO | Buy | 10,000 | $0.60 | $6.0K | Form 4 |
| May 19, 2022 | FRATTAROLI JOSEPHCheif Financial Officer | Buy | 3,948 | $0.64 | $2.5K | Form 4 |
| Nov 17, 2021 | Werner Milton H.President and CEO | Buy | 23,589 | $1.97 | $46.6K | 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.
- Nantahala Capital Management, LLCSCHEDULE 13G/A, 3 filings Feb 14, 2025 to Aug 14, 202630
- PERCEPTIVE ADVISORS LLCSCHEDULE 13G/A, 4 filings Oct 22, 2024 to Aug 14, 202631
- Sands Capital Life Sciences Pulse Fund II, L.P.SCHEDULE 13G/A, 4 filings Oct 25, 2024 to Aug 13, 202632
- RA CAPITAL MANAGEMENT, L.P.SCHEDULE 13G/A, 2 filings Jul 17, 2026 to Jul 31, 202633
- BlackRockSCHEDULE 13G, 1 filing Jul 28, 202634
- ADAR1 Capital Management, LLCSCHEDULE 13G/A, 4 filings Feb 14, 2025 to May 15, 202635
- Commodore Capital LPSCHEDULE 13G/A, 2 filings Oct 17, 2024 to May 15, 202636
- Trails Edge Capital Partners, LPSCHEDULE 13G/A, 2 filings Dec 31, 2025 to May 15, 202637
- Fairmount Funds Management LLCSCHEDULE 13G/A, 3 filings Oct 17, 2024 to Feb 17, 202638
- ARMISTICE CAPITAL, LLCSCHEDULE 13G/A, 2 filings Nov 14, 2024 to Feb 14, 202539
- Point72 Asset Management, L.P.SCHEDULE 13G/A, 2 filings Oct 10, 2024 to Feb 14, 202540
- SP IKT Holdings LLCSC 13G, 1 filing Oct 28, 202441
- Soleus Private Equity Fund III, L.P.SC 13G, 1 filing Oct 28, 202442
- FiveT Investment Management LtdSC 13D, 4 filings Dec 15, 2021 to Feb 24, 202343
- Milton H. WernerSC 13G/A, 2 filings Feb 11, 2022 to Feb 16, 202344
Money raised
Private offerings the company reported to the SEC on Form D.
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 |
|---|---|---|---|---|
| Sands Capital Alternatives, LLC | 13,018,965 | $26.4M | 4.3% | No change |
| Soleus Capital Management, L.P. | 10,875,000 | $22.1M | 0.8% | No change |
| Trails Edge Capital Partners, LP | 9,051,318 | $18.4M | 2.9% | +993,973 |
| Fairmount Funds Management LLC | 8,625,000 | $17.5M | 1.2% | No change |
| BlackRock, Inc. | 7,768,057 | $15.8M | 0.0% | +1,464,624 |
| Kalehua Capital Management LLC | 7,643,780 | $15.5M | 4.9% | +1,149,282 |
| ADAR1 Capital Management, LLC | 7,387,205 | $15.0M | 0.7% | +780,633 |
| Blackstone Inc. | 5,938,276 | $12.1M | 0.0% | No change |
| Siren, L.L.C. | 5,850,000 | $11.9M | 0.2% | No change |
| Nantahala Capital Management, LLC | 5,403,726 | $11.0M | 0.3% | +2,701,863 |
| Commodore Capital LP | 5,397,488 | $11.0M | 0.7% | No change |
| Vanguard Capital Management LLC | 4,935,354 | $10.0M | 0.0% | +484,689 |
| Millennium Management LLC | 4,028,102 | $8.2M | 0.0% | +1,100,025 |
| Saturn V Capital Management LP | 3,869,056 | $7.9M | 1.1% | +5,611 |
| Spruce Street Capital LP | 3,581,603 | $7.3M | 1.4% | No change |
| Squadron Capital Management LLC | 3,000,000 | $6.1M | 2.1% | −500,000 |
| Geode Capital Management, LLC | 2,607,129 | $5.3M | 0.0% | +436,943 |
| State Street Corp | 1,909,101 | $3.9M | 0.0% | +223,285 |
| SummitTX Capital, L.P. | 1,780,262 | $3.6M | 0.1% | +255,726 |
| Integral Health Asset Management, LLC | 1,350,000 | $2.7M | 0.1% | No change |
| Northern Trust Corp | 878,585 | $1.8M | 0.0% | +159,785 |
| Vanguard Portfolio Management LLC | 809,490 | $1.6M | 0.0% | +191,760 |
| Two Sigma Investments, LP | 806,264 | $1.6M | 0.0% | −41,347 |
| Sphera Funds Management Ltd. | 649,309 | $1.3M | 0.2% | New |
| Vanguard Fiduciary Trust Co | 607,260 | $1.2M | 0.0% | +40,261 |
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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- 14SEC EDGARChristopher Cabell, President
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- 19SEC EDGARAurentz Vincent, Board member
- 20SEC EDGARAmit Munshi, Board member
- 21SEC EDGARArvind Kush, Board member
- 22SEC EDGARDavid Canner, Board member
- 23SEC EDGARRoberto Bellini, Board member
- 24SEC EDGARGisele Dion, Board member
- 25SEC EDGARDennis N. Berman, Board member
- 26SEC EDGARElizabeth G. O'Farrell, Board member
- 27SEC EDGARPaul C. Grint, Board member
- 28SEC EDGARRoy Lester Freeman, Board member
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