OLMA on Nasdaq
Olema Pharmaceuticals, Inc.
Olema is a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of next-generation targeted therapies for breast cancer and beyond.3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
- TickerOLMA on Nasdaq1
- IndustryPharmaceutical Preparations1
- HeadquartersSan Francisco, California1
- Incorporated inDE2
- Business address780 Brannan Street, San Francisco, Ca 941032
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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Olema is a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of next-generation targeted therapies for breast cancer and beyond. We are advancing our pipeline of novel therapies by leveraging our deep understanding of endocrine-driven cancers, nuclear receptors, and mechanisms of acquired resistance.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 2 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development | $157.7M | $124.5M |
| General and administrative | $21.0M | $17.7M |
| Total operating expenses | $178.7M | $142.3M |
| Loss from operations | -$178.7M | -$142.3M |
| Interest income | $16.2M | $12.7M |
| Other income | $23.0K | $102.0K |
| Total other income | $16.2M | $12.8M |
| Net loss | -$162.5M | -$129.5M |
| Net loss per share, basic (in dollars per share) | -$1.87 | -$2.20 |
| Net loss per share, diluted (in dollars per share) | -$1.87 | -$2.20 |
| Weighted average shares used to compute net loss per share, basic (in shares) | 87.0M shares | 58.7M shares |
| Weighted average shares used to compute net loss per share, diluted (in shares) | 87.0M shares | 58.7M shares |
| One-time milestone payments to Aurigene | $10.0M | $5.0M |
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.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $48.3M | $139.5M | |
| Marketable securities | $457.1M | $294.6M | |
| Prepaid expenses and other current assets | $10.0M | $4.4M | |
| Total current assets | $515.5M | $438.5M | |
| Operating lease right-of-use assets | $1.1M | $1.3M | |
| Other assets and long-term deposits | $16.8M | $11.2M | |
| Total assets | $533.4M | $451.0M | |
| Accounts payable | $9.3M | $4.5M | |
| Operating lease liabilities, current | $1.1M | $1.2M | |
| Other current liabilities (Note 6) | $41.4M | $36.1M | |
| Total current liabilities | $51.8M | $41.8M | |
| Operating lease liabilities, net of current portion | $69.0K | $257.0K | |
| Long-term borrowing | $3.0M | $0 | |
| Total liabilities | $54.9M | $42.0M | |
| Common stock, $0.0001 par value; 490,000,000 shares authorized as of December 31, 2025 and 2024; 81,376,449 and 74,312,608 shares issued and outstanding as of December 31, 2025 and 2024, respectively. | $8.0K | $7.0K | |
| Additional paid-in capital | $1.1B | $843.9M | |
| Accumulated other comprehensive income | $621.0K | $143.0K | |
| Accumulated deficit | -$597.6M | -$435.1M | |
| Total stockholders' equity | $478.6M | $409.0M | $253.9M |
| Total liabilities and stockholders' equity | $533.4M | $451.0M | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, authorized (in shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, authorized (in shares) | 490.0M shares | 490.0M shares | |
| Common stock, issued (in shares) | 81.4M shares | 74.3M shares | |
| Common stock, outstanding (in shares) | 81.4M shares | 74.3M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $48.3M | $139.5M | |
| Marketable securities | $457.1M | $294.6M | |
| Prepaid expenses and other current assets | $10.0M | $4.4M | |
| Total current assets | $515.5M | $438.5M | |
| Operating lease right-of-use assets | $1.1M | $1.3M | |
| Other assets and long-term deposits | $16.8M | $11.2M | |
| Total assets | $533.4M | $451.0M | |
| Accounts payable | $9.3M | $4.5M | |
| Operating lease liabilities, current | $1.1M | $1.2M | |
| Other current liabilities (Note 6) | $41.4M | $36.1M | |
| Total current liabilities | $51.8M | $41.8M | |
| Operating lease liabilities, net of current portion | $69.0K | $257.0K | |
| Long-term borrowing | $3.0M | $0 | |
| Total liabilities | $54.9M | $42.0M | |
| Common stock, $0.0001 par value; 490,000,000 shares authorized as of December 31, 2025 and 2024; 81,376,449 and 74,312,608 shares issued and outstanding as of December 31, 2025 and 2024, respectively. | $8.0K | $7.0K | |
| Additional paid-in capital | $1.1B | $843.9M | |
| Accumulated other comprehensive income | $621.0K | $143.0K | |
| Accumulated deficit | -$597.6M | -$435.1M | |
| Total stockholders' equity | $478.6M | $409.0M | $253.9M |
| Total liabilities and stockholders' equity | $533.4M | $451.0M | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, authorized (in shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, authorized (in shares) | 490.0M shares | 490.0M shares | |
| Common stock, issued (in shares) | 81.4M shares | 74.3M shares | |
| Common stock, outstanding (in shares) | 81.4M shares | 74.3M 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.8
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$162.5M | -$129.5M |
| Depreciation and amortization expense | $490.0K | $393.0K |
| Non-cash lease expense | $1.2M | $1.1M |
| Non-cash interest income on marketable securities | -$6.3M | -$8.2M |
| Stock-based compensation expense, including employee stock purchase plan expense | $17.6M | $22.6M |
| Loss on disposal of equipment | $9.0K | |
| Prepaid expenses and other current assets | -$5.4M | -$429.0K |
| Other assets and long-term deposits | -$6.1M | -$3.0M |
| Accounts payable | $4.6M | $2.5M |
| Other current liabilities | $11.0M | $11.2M |
| Operating lease liabilities | -$1.2M | -$1.2M |
| Net cash used in operating activities | -$146.7M | -$104.4M |
| Purchase of equipment | -$159.0K | |
| Maturities of marketable securities | $345.0M | $301.6M |
| Purchases of marketable securities | -$500.7M | -$395.0M |
| Net cash used in investing activities | -$155.8M | -$93.5M |
| Proceeds from issuance of shares upon follow-on public offering, net of issuance costs of $13,110 | $205.4M | |
| Proceeds from issuance of shares under at-the-market offering, net of issuance costs of $166 | $22.8M | |
| Proceeds from 2024 private placement, net of issuance costs of $6,498 | $243.5M | |
| Payment of issuance costs for shares issued under 2024 private placement | -$6.5M | |
| Proceeds from borrowings under Credit Facility (Note 13) | $3.0M | |
| Proceeds from exercise of stock options | $8.4M | $1.7M |
| Proceeds from issuance of common stock under employee stock purchase plan | $1.0M | $859.0K |
| Net cash provided by financing activities | $211.3M | $268.8M |
| Net (decrease) increase in cash and cash equivalents | -$91.2M | $70.9M |
| Exchange common stock shares for pre-funded warrants | $29.4M | $31.1M |
| Right-of-use asset obtained in exchange for operating lease liabilities | $896.0K | $0 |
| Unpaid issuance costs related to follow-on offering and 2024 private placement | $578.0K | $6.5M |
| Research and development project deposit applied against study invoices | $177.0K | $748.0K |
| System implementation cost included in other current liabilities | -$95.0K | -$337.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Olema Pharmaceuticals, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerSean Bohen Nov 18, 2020 to now11
- PresidentSean Bohen Nov 18, 2020 to now11
- Chief financial officerJason O'Byrne Aug 13, 2026 to now12
Board members and other officers (22)
- VP of Finance and ControllerSasha Lu Austin Feb 17, 2026 to now13
- CHIEF MEDICAL OFFICERNaseem Zojwalla Feb 3, 2022 to now14
- Chief Technology OfficerCyrus Harmon Nov 18, 2020 to Feb 2, 202315
- Chief Development OfficerDavid C. Myles Nov 18, 2020 to now16
- EVP, Ch. Legal Officer & Sec.John B. Moriarty Nov 18, 2020 to Feb 2, 202317
- Chief Business OfficerKinney Horn Nov 18, 2020 to Feb 2, 202318
- Chief Scientific OfficerPeter J. Kushner Nov 18, 2020 to Feb 3, 202219
- Ch. Operating & Financial Off.Shane William Charles Kovacs Nov 18, 2020 to now20
- Board memberPrakash Raman Apr 29, 2026 to now21
- Board memberJ. Scott Garland Oct 17, 2023 to now22
- Board memberMark N. Lampert Jun 14, 2022 to now23
- Board memberYi Larson Apr 6, 2021 to now24
- Board memberBihua Chen Nov 18, 2020 to Nov 23, 202025
- Board memberCynthia M. Butitta Nov 18, 2020 to now26
- Board memberCyrus Harmon Nov 18, 2020 to now15
- Board memberG. Walmsley Graham Nov 18, 2020 to now27
- Board memberGorjan Hrustanovic Nov 18, 2020 to now28
- Board memberIan T. Clark Nov 18, 2020 to now29
- Board memberSandra Horning Nov 18, 2020 to now30
- Board memberSean Bohen Nov 18, 2020 to now11
- Board memberAndrew Rappaport Nov 19, 2020 to now31
- General counselShawnte Mitchell Feb 28, 2025 to now32
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive OfficerDavid C. Myles, Ph.D. named Sep 14, 2023 to Dec 12, 202433
- Executive Officer, DirectorSean Bohen, M.D., Ph.D. named Sep 14, 2023 to Dec 12, 202433
- DirectorCyrus L. Harmon, Ph.D. named Sep 14, 2023 to Dec 12, 202433
- DirectorGorjan L. Hrustanovic, Ph.D. named Sep 14, 2023 to Dec 12, 202433
- DirectorGraham L. Walmsley, M.D., Ph.D. named Sep 14, 2023 to Dec 12, 202433
Timeline
- Nov 18, 2020New chief executive Sean Bohen becomes CEO11
Filings
453 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 60 major events, 178 insider forms, 51 large holders, 2 private raises, 142 other. The latest 20:
- Oct 15, 20268-K EDGAR
- Sep 2, 20264 EDGAR
- Aug 13, 20263 EDGAR
- Aug 13, 20268-K EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 10, 20268-K EDGAR
- Aug 6, 2026SCHEDULE 13G/A EDGAR
- Jul 29, 2026SCHEDULE 13G/A EDGAR
- Jul 27, 20264 EDGAR
- Jul 24, 2026144 EDGAR
- Jul 23, 2026144 EDGAR
- Jun 23, 20264 EDGAR
- Jun 23, 20264 EDGAR
- Jun 23, 20264 EDGAR
- Jun 23, 20264 EDGAR
- Jun 23, 20264 EDGAR
- Jun 23, 20264 EDGAR
- Jun 23, 20264 EDGAR
- Jun 23, 20264 EDGAR
- Jun 23, 20264 EDGAR
The 453 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
95 open-market trades by officers, directors and large owners since October 2021: 12 buys and 83 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 24, 2026 | Harmon CyrusDirector | Sale | 12,500 | $11.71 | $146.4K | Form 4 |
| Jul 23, 2026 | Harmon CyrusDirector | Sale | 12,500 | $11.58 | $144.8K | Form 4 |
| Mar 4, 2026 | Mitchell ShawnteCHIEF LEGAL OFFICER | Sale | 25,000 | $24.25 | $606.4K | Form 4 |
| Mar 3, 2026 | Mitchell ShawnteCHIEF LEGAL OFFICER | Sale | 15,000 | $23.01 | $345.1K | Form 4 |
| Jan 20, 2026 | Harmon CyrusDirector | Sale | 10,000 | $26.88 | $268.8K | Form 4 |
| Jan 15, 2026 | Kovacs Shane William CharlesCH. OPERATING & FINANCIAL OFF. | Sale | 100,000 | $28.73 | $2.9M | Form 4 |
| Jan 14, 2026 | Harmon CyrusDirector | Sale | 3,489 | $29.12 | $101.6K | Form 4 |
| Jan 14, 2026 | Myles David C.CH. DISCOV. & NON-CLIN DEV OFF | Sale | 50,000 | $28.87 | $1.4M | Form 4 |
| Jan 13, 2026 | Myles David C.CH. DISCOV. & NON-CLIN DEV OFF | Sale | 50,000 | $27.60 | $1.4M | Form 4 |
| Jan 13, 2026 | Kovacs Shane William CharlesCH. OPERATING & FINANCIAL OFF. | Sale | 3,822 | $28.01 | $107.1K | Form 4 |
| Jan 12, 2026 | Myles David C.CH. DISCOV. & NON-CLIN DEV OFF | Sale | 10,000 | $28.34 | $283.4K | Form 4 |
| Dec 23, 2025 | Zojwalla NaseemCHIEF MEDICAL OFFICER | Sale | 99,509 | $27.66 | $2.8M | Form 4 |
| Dec 22, 2025 | Zojwalla NaseemCHIEF MEDICAL OFFICER | Sale | 100,000 | $28.04 | $2.8M | Form 4 |
| Dec 22, 2025 | Harmon CyrusDirector | Sale | 2,881 | $28.53 | $82.2K | Form 4 |
| Dec 19, 2025 | Zojwalla NaseemCHIEF MEDICAL OFFICER | Sale | 70,000 | $28.20 | $2.0M | Form 4 |
| Dec 19, 2025 | Myles David C.CH. DISCOV. & NON-CLIN DEV OFF | Sale | 51,000 | $30.46 | $1.6M | Form 4 |
| Dec 19, 2025 | CLARK IAN TDirector | Sale | 264,800 | $29.73 | $7.9M | Form 4 |
| Sep 18, 2025 | Harmon CyrusDirector | Sale | 13,086 | $8.33 | $109.0K | Form 4 |
| Sep 16, 2025 | Harmon CyrusDirector | Sale | 11,914 | $8.05 | $95.9K | Form 4 |
| Jan 8, 2025 | Bain Capital Life Sciences Investors, LLC10% owner | Buy | 300,000 | $5.76 | $1.7M | Form 4 |
All 95 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.
- FMR LLCSCHEDULE 13G/A, 3 filings Feb 5, 2026 to Aug 6, 202634
- BlackRockSCHEDULE 13G/A, 1 filing Jul 29, 202635
- Bain Capital Life Sciences Opportunities IV, L.P.SCHEDULE 13G/A, 5 filings Dec 11, 2024 to May 15, 202636
- Janus Henderson Group Ltd.SCHEDULE 13G/A, 6 filings Feb 10, 2022 to May 15, 202637
- Invus Global Management, LLCSCHEDULE 13G, 1 filing Mar 20, 202638
- Deep Track Capital, LPSCHEDULE 13G/A, 4 filings Mar 22, 2024 to Feb 13, 202639
- Point72 Asset Management, L.P.SCHEDULE 13G/A, 2 filings Jun 14, 2024 to May 15, 202540
- Logos Global Management LPSCHEDULE 13D/A, 3 filings Nov 28, 2023 to May 13, 202541
- Paradigm Biocapital Advisors LPSCHEDULE 13G/A, 5 filings Apr 10, 2023 to Feb 14, 202542
- BIOTECHNOLOGY VALUE FUND L PSC 13D/A, 3 filings Dec 2, 2021 to Dec 4, 202443
- Cormorant Asset Management, LPSC 13G/A, 3 filings Feb 14, 2022 to Feb 14, 202444
- Kynam Capital Management, LPSC 13G/A, 3 filings Feb 10, 2023 to Feb 14, 202445
- Fairmount Funds Management LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 14, 202346
- VANGUARD GROUP INCSC 13G/A, 2 filings Feb 10, 2022 to Feb 9, 202347
- Wellington Management CompanySC 13G/A, 2 filings Feb 4, 2022 to Feb 6, 202348
- RA CAPITAL MANAGEMENT, L.P.SC 13G/A, 3 filings Feb 14, 2022 to Nov 14, 202249
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 |
|---|---|---|---|---|
| Fmr LLC | 12,143,062 | $151.9M | 0.0% | +1,756,217 |
| Paradigm Biocapital Advisors LP | 8,670,576 | $108.5M | 2.0% | +650,000 |
| Jupiter Topco LLC | 7,094,413 | $88.8M | 0.0% | New |
| Bain Capital Life Sciences Investors, LLC | 7,085,249 | $88.6M | 5.3% | −387,989 |
| BlackRock, Inc. | 6,714,691 | $84.0M | 0.0% | +1,062,556 |
| Bvf Inc/il | 5,295,893 | $66.3M | 1.7% | No change |
| Siren, L.L.C. | 4,856,949 | $60.8M | 1.2% | +100,000 |
| State Street Corp | 4,316,058 | $54.0M | 0.0% | +378,227 |
| Vanguard Capital Management LLC | 3,341,217 | $41.8M | 0.0% | +257,700 |
| Logos Global Management LP | 3,208,875 | $40.1M | 1.7% | No change |
| Franklin Resources Inc | 2,349,586 | $29.4M | 0.0% | +1,130,629 |
| Cormorant Asset Management, LP | 2,150,000 | $26.9M | 1.4% | −1,750,000 |
| Morgan Stanley | 1,832,269 | $22.9M | 0.0% | +616,579 |
| Geode Capital Management, LLC | 1,819,029 | $22.8M | 0.0% | +274,612 |
| Vanguard Portfolio Management LLC | 1,663,218 | $20.8M | 0.0% | +1,070,187 |
| Goldman Sachs Group Inc | 1,567,979 | $19.6M | 0.0% | +522,390 |
| Deep Track Capital, LP | 1,500,000 | $18.8M | 0.3% | New |
| Dimensional Fund Advisors LP | 1,416,533 | $17.7M | 0.0% | +334,099 |
| Lightspeed Management Company, L.l.c. | 1,355,299 | $17.0M | 0.7% | No change |
| Kingdon Capital Management, L.l.c. | 1,200,000 | $15.0M | 2.0% | +345,000 |
| Two Sigma Investments, LP | 1,131,434 | $14.2M | 0.0% | −37,987 |
| Point72 Asset Management, L.P. | 1,070,949 | $13.4M | 0.0% | +999,842 |
| Defilade Capital Management, L.P. | 924,758 | $11.6M | 1.5% | −579,778 |
| Ameriprise Financial Inc | 840,646 | $10.5M | 0.0% | +783,284 |
| Woodline Partners LP | 751,030 | $9.4M | 0.0% | −731,000 |
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 EDGARSean Bohen, Chief executive officer
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- 18SEC EDGARKinney Horn, Chief Business Officer
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- 21SEC EDGARPrakash Raman, Board member
- 22SEC EDGARJ. Scott Garland, Board member
- 23SEC EDGARMark N. Lampert, Board member
- 24SEC EDGARYi Larson, Board member
- 25SEC EDGARBihua Chen, Board member
- 26SEC EDGARCynthia M. Butitta, Board member
- 27SEC EDGARG. Walmsley Graham, Board member
- 28SEC EDGARGorjan Hrustanovic, Board member
- 29SEC EDGARIan T. Clark, Board member
- 30SEC EDGARSandra Horning, Board member
- 31SEC EDGARAndrew Rappaport, Board member
- 32SEC EDGARShawnte Mitchell, General counsel
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