MPLT on Nasdaq
MapLight Therapeutics, Inc.
American pharmaceutical preparations company based in Redwood City. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development | $138.3M | $68.5M |
| General and administrative | $30.7M | $14.4M |
| Total operating expenses | $169.1M | $82.9M |
| Loss from operations | -$169.1M | -$82.9M |
| Interest income | $5.5M | $4.5M |
| Loss from equity method investment | -$986.0K | |
| Other income, net | $2.4M | $1.8M |
| Total other income, net | $7.9M | $5.4M |
| Net loss | -$161.2M | -$77.6M |
| Net loss per share - basic | -$18.56 | -$105.38 |
| Net loss per share - diluted | -$18.56 | -$105.38 |
| Weighted-average number of common shares outstanding - basic | 8.7M shares | 736.2K shares |
| Weighted-average number of common shares outstanding - diluted | 8.7M shares | 736.2K shares |
| Unrealized (loss) gain on available-for-sale investments | -$391.0K | $163.0K |
| Comprehensive loss | -$161.5M | -$77.4M |
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.3
| Period ending | 2025-12-31 | 2025-10-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $46.7M | $38.3M | ||
| Short-term investments | $258.4M | $70.5M | ||
| Prepaid expenses and other current assets | $19.6M | $5.8M | ||
| Total current assets | $324.7M | $114.6M | ||
| Property and equipment, net | $1.1M | $1.2M | ||
| Long-term investments | $148.0M | $11.4M | ||
| Restricted cash | $207.0K | $207.0K | ||
| Right of use asset | $5.5M | $6.4M | ||
| Other assets | $59.0K | $3.2M | ||
| Total assets | $479.5M | $136.9M | ||
| Accounts payable | $3.3M | $1.9M | ||
| Accrued expenses | $12.0M | $10.0M | ||
| Lease liability - current | $891.0K | $778.0K | ||
| Deferred grant earnings | $0 | $3.2M | ||
| Total current liabilities | $16.2M | $15.9M | ||
| Lease liability - noncurrent | $4.9M | $5.8M | ||
| Total liabilities | $21.1M | $21.7M | ||
| Common stock, $0.0001 par value; and 500,000,000 and 325,000,000 shares authorized as of December 31, 2025 and 2024, respectively; 44,024,088 and 761,276 shares issued and outstanding at December 31, 2025 and 2024, respectively | $5.0K | $0 | ||
| Additional paid-in-capital | $819.1M | $5.6M | ||
| Accumulated other comprehensive (loss) income | -$228.0K | $163.0K | ||
| Accumulated deficit | -$360.5M | -$199.4M | ||
| Total stockholders' equity (deficit) | $458.4M | -$193.6M | -$117.6M | |
| Total liabilities, redeemable convertible preferred stock, and stockholders' equity (deficit) | $479.5M | $136.9M | ||
| Preferred stock, par value | $0.00 | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | 0 shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value per share | $0.00 | $0.00 | ||
| Common stock, shares authorized | 500.0M shares | 325.0M shares | ||
| Common stock, shares issued | 44.0M shares | 761.3K shares | ||
| Common stock, shares outstanding | 44.0M shares | 761.3K shares |
| Period ending | 2025-12-31 | 2025-10-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $46.7M | $38.3M | ||
| Short-term investments | $258.4M | $70.5M | ||
| Prepaid expenses and other current assets | $19.6M | $5.8M | ||
| Total current assets | $324.7M | $114.6M | ||
| Property and equipment, net | $1.1M | $1.2M | ||
| Long-term investments | $148.0M | $11.4M | ||
| Restricted cash | $207.0K | $207.0K | ||
| Right of use asset | $5.5M | $6.4M | ||
| Other assets | $59.0K | $3.2M | ||
| Total assets | $479.5M | $136.9M | ||
| Accounts payable | $3.3M | $1.9M | ||
| Accrued expenses | $12.0M | $10.0M | ||
| Lease liability - current | $891.0K | $778.0K | ||
| Deferred grant earnings | $0 | $3.2M | ||
| Total current liabilities | $16.2M | $15.9M | ||
| Lease liability - noncurrent | $4.9M | $5.8M | ||
| Total liabilities | $21.1M | $21.7M | ||
| Common stock, $0.0001 par value; and 500,000,000 and 325,000,000 shares authorized as of December 31, 2025 and 2024, respectively; 44,024,088 and 761,276 shares issued and outstanding at December 31, 2025 and 2024, respectively | $5.0K | $0 | ||
| Additional paid-in-capital | $819.1M | $5.6M | ||
| Accumulated other comprehensive (loss) income | -$228.0K | $163.0K | ||
| Accumulated deficit | -$360.5M | -$199.4M | ||
| Total stockholders' equity (deficit) | $458.4M | -$193.6M | -$117.6M | |
| Total liabilities, redeemable convertible preferred stock, and stockholders' equity (deficit) | $479.5M | $136.9M | ||
| Preferred stock, par value | $0.00 | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | 0 shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value per share | $0.00 | $0.00 | ||
| Common stock, shares authorized | 500.0M shares | 325.0M shares | ||
| Common stock, shares issued | 44.0M shares | 761.3K shares | ||
| Common stock, shares outstanding | 44.0M shares | 761.3K 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.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$161.2M | -$77.6M |
| Depreciation | $578.0K | $701.0K |
| Stock-based compensation expense | $36.0M | $1.1M |
| Net amortization of premiums and accretion of discounts on investments | -$2.1M | -$1.7M |
| Common stock issued to NeuroSolis, Inc. | $496.0K | |
| Non-cash lease expense | $866.0K | $745.0K |
| Loss from equity method investment | $986.0K | |
| Loss on disposal of property and equipment | $7.0K | $59.0K |
| Prepaid expenses and other assets | -$13.1M | -$2.3M |
| Accounts payable | $1.4M | -$1.3M |
| Accrued expenses | $2.9M | $2.2M |
| Operating lease liabilities | -$777.0K | -$653.0K |
| Deferred grant earnings | -$3.2M | -$959.0K |
| Net cash used in operating activities | -$138.1M | -$78.8M |
| Purchases of short-term and long-term investments | -$408.2M | -$125.0M |
| Maturities of marketable debt securities | $85.5M | $45.0M |
| Purchases of property and equipment | -$473.0K | -$770.0K |
| Net cash used in investing activities | -$323.2M | -$80.8M |
| Payments of deferred financing costs | -$5.0M | -$2.2M |
| Proceeds from issuance of Series C redeemable convertible preferred stock and preferred stock purchase right, net of issuance costs | $120.0M | |
| Proceeds from issuance of Series D redeemable convertible preferred stock, net of issuance costs | $198.8M | |
| Proceeds from initial public offering of common stock and private placement, net of underwriting fees | $275.7M | |
| Proceeds from exercises of stock options | $285.0K | $294.0K |
| Net cash provided by financing activities | $469.8M | $118.1M |
| Increase (decrease) in cash, cash equivalents, and restricted cash | $8.5M | -$41.5M |
| Conversion of redeemable convertible preferred stock into common stock on closing of initial public offering | $507.7M | |
| Right of use asset obtained in exchange for operating lease liability | $1.5M | |
| Purchase of property and equipment included in accounts payable and accrued expenses | $226.0K | |
| Deferred financing costs included in accounts payable and accrued expenses | $848.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led MapLight Therapeutics, Inc., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerChristopher A. Kroeger Oct 27, 2025 to now7
- Chief financial officerVishwas Setia Oct 27, 2025 to now8
Board members and other officers (14)
- Chief Discovery OfficerAnatol Kreitzer Oct 27, 2025 to now9
- Chief Medical OfficerErin Pennock Foff Oct 27, 2025 to now10
- Chief Medical OfficerGeorge Pavlov Oct 27, 2025 to now11
- Chief Scientific OfficerJames Woodruff Lillie Oct 27, 2025 to now12
- Board memberMartin Babler Jun 25, 2026 to now13
- Board memberTroy Cox Jun 25, 2026 to now14
- Board memberChristopher A. Kroeger Oct 27, 2025 to now7
- Board memberJames D. Trenkle Oct 27, 2025 to now15
- Board memberMaria C. Walker Oct 27, 2025 to now16
- Board memberNanna Liebach Luneborg Oct 27, 2025 to now17
- Board memberRobert C. Malenka Oct 27, 2025 to now18
- Board memberTimothy John Garnett Oct 27, 2025 to now19
- Board memberGeorge Pavlov Nov 18, 2025 to now20
- General counselKristopher Hanson Oct 27, 2025 to now21
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
- Alvarado Therapeutics, Inc.Mar 8, 2019 to Mar 22, 20192
Timeline
- Oct 27, 2025New chief executive Christopher A. Kroeger becomes CEO7
Filings
199 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 11 major events, 94 insider forms, 9 large holders, 4 private raises, 77 other. The latest 20:
- Oct 15, 2026144 EDGAR
- Oct 15, 2026144 EDGAR
- Oct 15, 2026144 EDGAR
- Oct 15, 2026144 EDGAR
- Oct 15, 2026144 EDGAR
- Oct 15, 2026144 EDGAR
- Oct 15, 2026144 EDGAR
- Sep 23, 2026EFFECT EDGAR
- Sep 23, 2026424B3 EDGAR
- Sep 18, 20264 EDGAR
- Sep 18, 2026S-1/A EDGAR
- Sep 16, 2026144 EDGAR
- Sep 9, 2026S-1 EDGAR
- Aug 20, 2026SCHEDULE 13G EDGAR
- Aug 19, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 19, 20264 EDGAR
The 199 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
78 open-market trades by officers, directors and large owners since October 2021: 11 buys and 67 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 16, 2026 | Hanson KristopherGeneral Counsel | Sale | 16,509 | $11.67 | $192.7K | Form 4 |
| Aug 14, 2026 | Catalyst4, Inc.10% owner | Buy | 4,400,000 | $11.38 | $50.1M | Form 4 |
| Aug 3, 2026 | Lillie James WoodruffChief Scientific Officer | Sale | 22,082 | $12.54 | $276.9K | Form 4 |
| Jul 30, 2026 | Catalyst4, Inc.10% owner | Buy | 1,000,000 | $13.00 | $13.0M | Form 4 |
| Jul 29, 2026 | Catalyst4, Inc.10% owner | Buy | 3,000 | $12.63 | $37.9K | Form 4 |
| Jul 28, 2026 | Catalyst4, Inc.10% owner | Buy | 206,225 | $11.04 | $2.3M | Form 4 |
| Jul 28, 2026 | Cox TroyDirector | Buy | 15,620 | $9.52 | $148.7K | Form 4 |
| Jul 17, 2026 | Kreitzer AnatolChief Discovery Officer | Sale | 17,173 | $37.60 | $645.7K | Form 4 |
| Jul 17, 2026 | Foff Erin PennockChief Medical Officer | Sale | 3,656 | $37.90 | $138.6K | Form 4 |
| Jul 17, 2026 | Hanson KristopherGeneral Counsel | Sale | 1,130 | $37.90 | $42.8K | Form 4 |
| Jul 17, 2026 | Lillie James WoodruffChief Scientific Officer | Sale | 2,077 | $37.90 | $78.7K | Form 4 |
| Jul 17, 2026 | GILLIS JONATHANCAO and Interim CFO | Sale | 18,469 | $37.60 | $694.5K | Form 4 |
| Jul 17, 2026 | Kroeger Christopher A.Chief Executive Officer | Sale | 16,779 | $37.90 | $635.9K | Form 4 |
| Jul 16, 2026 | Kreitzer AnatolChief Discovery Officer | Sale | 9,056 | $36.80 | $333.2K | Form 4 |
| Jul 16, 2026 | Foff Erin PennockChief Medical Officer | Sale | 15,047 | $36.77 | $553.3K | Form 4 |
| Jul 16, 2026 | Hanson KristopherGeneral Counsel | Sale | 8,118 | $36.78 | $298.6K | Form 4 |
| Jul 16, 2026 | Lillie James WoodruffChief Scientific Officer | Sale | 8,547 | $36.79 | $314.4K | Form 4 |
| Jul 16, 2026 | GILLIS JONATHANCAO and Interim CFO | Sale | 8,455 | $36.80 | $311.1K | Form 4 |
| Jul 16, 2026 | Kroeger Christopher A.Chief Executive Officer | Sale | 69,082 | $36.79 | $2.5M | Form 4 |
| Jul 15, 2026 | Kreitzer AnatolChief Discovery Officer | Sale | 10,055 | $36.49 | $366.9K | Form 4 |
All 78 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.
- Pivotal bioVenture Partners Fund II, L.P.SCHEDULE 13G, 1 filing Aug 20, 202624
- Catalyst4, Inc.SCHEDULE 13D/A, 3 filings Nov 20, 2025 to Aug 18, 202625
- Novo Holdings A/SSCHEDULE 13D/A, 2 filings Nov 4, 2025 to Jul 31, 202626
- T. Rowe Price Investment Management, Inc.SCHEDULE 13G/A, 2 filings Feb 17, 2026 to May 15, 202627
- Forbion Growth Opportunities Fund III Cooperatief U.A.SCHEDULE 13G, 1 filing Feb 17, 202628
Money raised
Private offerings the company reported to the SEC on Form D.
- Jul 18, 2025Raised $188.2 million in a private offering of equity Form D: $372.4 million offered in all Form D
- Jul 5, 2023Raised $105 million in a private offering of equity Form D: $225 million offered in all Form D
- Oct 25, 2022Raised $12 million in a private offering of equity Form D: 1 investor so far 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 |
|---|---|---|---|---|
| Novo Holdings A/s | 3,686,622 | $132.1M | 7.7% | No change |
| Fcpm III Services B.v. | 3,226,400 | $115.6M | 15.4% | No change |
| Goldman Sachs Group Inc | 1,948,312 | $69.8M | 0.0% | −46,561 |
| BlackRock, Inc. | 1,025,134 | $36.7M | 0.0% | −314,597 |
| Nan Fung Group Holdings Ltd | 971,253 | $34.8M | 26.5% | No change |
| 5AM Venture Management, LLC | 950,011 | $34.0M | 11.8% | No change |
| Sanofi | 912,041 | $32.7M | 6.1% | No change |
| State Street Corp | 852,150 | $30.5M | 0.0% | +513,034 |
| Fmr LLC | 823,556 | $29.5M | 0.0% | +619,055 |
| Vanguard Capital Management LLC | 784,150 | $28.1M | 0.0% | +64,330 |
| Blue Owl Capital Holdings LP | 729,929 | $26.2M | 4.0% | −276,000 |
| Paradigm Biocapital Advisors LP | 685,852 | $24.6M | 0.5% | New |
| Pivotal bioVenture Partners Investment Advisor LLC | 611,446 | $21.9M | 7.1% | −1 |
| Velan Capital Investment Management LP | 492,893 | $17.7M | 10.8% | No change |
| Siren, L.L.C. | 450,000 | $16.1M | 0.3% | No change |
| Capital World Investors | 415,730 | $14.9M | 0.0% | New |
| Geode Capital Management, LLC | 402,051 | $14.4M | 0.0% | −79,150 |
| Baker Bros. Advisors LP | 364,705 | $13.1M | 0.1% | No change |
| DAFNA Capital Management LLC | 171,006 | $6.1M | 1.2% | No change |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 170,862 | $6.1M | 0.0% | −96,884 |
| Freestone Grove Partners LP | 168,912 | $6.1M | 0.0% | −145,045 |
| Charles Schwab Investment Management Inc | 136,818 | $4.9M | 0.0% | −24,328 |
| Millennium Management LLC | 128,841 | $4.6M | 0.0% | New |
| Superstring Capital Management LP | 125,432 | $4.5M | 2.8% | −66,707 |
| Vanguard Fiduciary Trust Co | 123,135 | $4.4M | 0.0% | −8,096 |
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 EDGARGeorge Pavlov, Chief Medical Officer
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- 13SEC EDGARMartin Babler, Board member
- 14SEC EDGARTroy Cox, Board member
- 15SEC EDGARJames D. Trenkle, Board member
- 16SEC EDGARMaria C. Walker, Board member
- 17SEC EDGARNanna Liebach Luneborg, Board member
- 18SEC EDGARRobert C. Malenka, Board member
- 19SEC EDGARTimothy John Garnett, Board member
- 20SEC EDGARGeorge Pavlov, Board member
- 21SEC EDGARKristopher Hanson, General counsel
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