PYXS on Nasdaq
Pyxis Oncology, Inc.
Pyxis Oncology is a clinical-stage oncology company advancing a development strategy focused on addressing unmet medical needs in patients with solid tumors with an immediate focus on head and neck.3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerPYXS on Nasdaq1
- IndustryPharmaceutical Preparations1
- HeadquartersBoston, Massachusetts1
- Incorporated inDE2
- Business address321 Harrison Avenue, Boston, Ma 021182
- Filer category, Emerging growth company2
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Pyxis Oncology is a clinical-stage oncology company advancing a development strategy focused on addressing unmet medical needs in patients with solid tumors with an immediate focus on head and neck squamous cell carcinoma (HNSCC).3 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 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Sale of Royalty Rights brought in 80% of the revenue Pyxis Oncology, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Sale of Royalty Rights | $8.0M | $11.0M |
| Milestone Revenue | $0 | $2.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue3¢$2.4M
- Research and development95¢$73.7M
- Income tax2¢$1.4M
Out of $13.9M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues | $13.9M | $16.1M |
| Cost of revenues | $2.4M | $475.0K |
| Research and development | $73.7M | $58.7M |
| General and administrative | $22.2M | $25.4M |
| Impairment of in-process research and development intangible asset | $0 | $21.0M |
| Total costs and operating expenses | $98.3M | $105.6M |
| Loss from operations | -$84.4M | -$89.5M |
| Interest and investment income, net | $3.6M | $7.0M |
| Sublease income | $2.6M | $2.9M |
| Total other income, net | $6.2M | $10.0M |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total | -$78.2M | -$79.5M |
| Income tax expense (benefit) | $1.4M | -$2.2M |
| Net loss | -$79.6M | -$77.3M |
| Net loss per common share - basic | -$1.28 | -$1.32 |
| Net loss per common share - diluted | -$1.28 | -$1.32 |
| Weighted average shares of common stock outstanding - basic | 62.1M shares | 58.4M shares |
| Weighted average shares of common stock outstanding - diluted | 62.1M shares | 58.4M shares |
| Net unrealized (loss) gain on marketable debt securities | -$117.0K | $107.0K |
| Other comprehensive (loss) income | -$117.0K | $107.0K |
| Comprehensive loss | -$79.7M | -$77.2M |
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.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $15.4M | $19.5M | |
| Marketable debt securities | $51.4M | $107.5M | |
| Restricted cash | $1.5M | $1.5M | |
| Prepaid expenses and other current assets | $3.8M | $4.0M | |
| Total current assets | $72.1M | $132.4M | |
| Property and equipment, net | $8.0M | $9.9M | |
| Intangible assets, net | $0 | $2.6M | |
| Operating lease right-of-use asset | $11.4M | $12.2M | |
| Total assets | $91.5M | $157.2M | |
| Accounts payable | $10.9M | $4.9M | |
| Accrued expenses and other current liabilities | $8.6M | $11.4M | |
| Operating lease liabilities, current portion | $1.7M | $1.4M | |
| Total current liabilities | $21.1M | $17.7M | |
| Operating lease liabilities, net of current portion | $17.0M | $18.6M | |
| Financing lease liabilities, net of current portion | $23.0K | $100.0K | |
| Total liabilities | $38.1M | $36.4M | |
| Common stock, par value $0.001 per share; 190,000,000 shares authorized; 62,690,229 and 59,967,814 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $63.0K | $60.0K | |
| Additional paid-in capital | $496.5M | $484.1M | |
| Accumulated other comprehensive income | $53.0K | $170.0K | |
| Accumulated deficit | -$443.2M | -$363.6M | |
| Total stockholders' equity | $53.4M | $120.8M | $125.7M |
| Total liabilities and stockholders' equity | $91.5M | $157.2M | |
| Preferred stock, par or stated value per share | $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 per share | $0.00 | $0.00 | |
| Common stock, shares authorized | 190.0M shares | 190.0M shares | |
| Common stock, shares issued | 62.7M shares | 60.0M shares | |
| Common stock, shares outstanding | 62.7M shares | 60.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $15.4M | $19.5M | |
| Marketable debt securities | $51.4M | $107.5M | |
| Restricted cash | $1.5M | $1.5M | |
| Prepaid expenses and other current assets | $3.8M | $4.0M | |
| Total current assets | $72.1M | $132.4M | |
| Property and equipment, net | $8.0M | $9.9M | |
| Intangible assets, net | $0 | $2.6M | |
| Operating lease right-of-use asset | $11.4M | $12.2M | |
| Total assets | $91.5M | $157.2M | |
| Accounts payable | $10.9M | $4.9M | |
| Accrued expenses and other current liabilities | $8.6M | $11.4M | |
| Operating lease liabilities, current portion | $1.7M | $1.4M | |
| Total current liabilities | $21.1M | $17.7M | |
| Operating lease liabilities, net of current portion | $17.0M | $18.6M | |
| Financing lease liabilities, net of current portion | $23.0K | $100.0K | |
| Total liabilities | $38.1M | $36.4M | |
| Common stock, par value $0.001 per share; 190,000,000 shares authorized; 62,690,229 and 59,967,814 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $63.0K | $60.0K | |
| Additional paid-in capital | $496.5M | $484.1M | |
| Accumulated other comprehensive income | $53.0K | $170.0K | |
| Accumulated deficit | -$443.2M | -$363.6M | |
| Total stockholders' equity | $53.4M | $120.8M | $125.7M |
| Total liabilities and stockholders' equity | $91.5M | $157.2M | |
| Preferred stock, par or stated value per share | $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 per share | $0.00 | $0.00 | |
| Common stock, shares authorized | 190.0M shares | 190.0M shares | |
| Common stock, shares issued | 62.7M shares | 60.0M shares | |
| Common stock, shares outstanding | 62.7M shares | 60.0M 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.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$79.6M | -$77.3M |
| Depreciation and amortization | $4.5M | $3.0M |
| Stock-based compensation | $11.8M | $12.9M |
| Non-cash operating lease expense | $824.0K | $700.0K |
| Impairment of in-process research and development intangible asset | $0 | $21.0M |
| Accretion of discount on marketable debt securities | -$3.0M | -$6.1M |
| Prepaid expenses and other current assets | $261.0K | -$203.0K |
| Accounts payable | $6.0M | $1.2M |
| Accrued expenses and other current liabilities | -$2.8M | -$1.7M |
| Operating lease liabilities | -$1.4M | -$1.2M |
| Deferred revenues | -$7.7M | |
| Deferred tax liabilities | -$2.2M | |
| Other | -$71.0K | -$95.0K |
| Net cash used in operating activities | -$63.5M | -$57.7M |
| Redemption of marketable debt securities | $165.9M | $168.5M |
| Purchase of marketable debt securities | -$107.0M | -$160.1M |
| Purchase of property and equipment | -$9.0K | -$237.0K |
| Net cash provided by (used in) investing activities | $58.9M | $8.2M |
| Proceeds from issuance of common stock and pre-funded warrants in private placement, net of offering costs | $2.0K | $46.9M |
| Proceeds from issuance of common stock pursuant to ATM program, net of offering costs | $0 | $12.2M |
| Tax withholding payments related to net settlement of restricted common stock | -$148.0K | -$240.0K |
| Proceeds from the exercise of stock options | $632.0K | $296.0K |
| Proceeds from issuance of common stock under ESPP | $108.0K | $224.0K |
| Net cash provided by financing activities | $594.0K | $59.3M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -$4.1M | $9.8M |
| Cash paid for interest | $91.0K | $10.0K |
| Cash paid for income taxes | $1.4M | $164.0K |
| ROU asset in exchange for financing lease liability | $265.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Pyxis Oncology, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
President
Chief financial officer
Chief operating officer
- Chief executive officerThomas Civik Feb 5, 2026 to now11
- Chief executive officerLara Sullivan Oct 7, 2021 to Feb 5, 202612
- ChairThomas Civik Sep 8, 2026 to now13
- PresidentLara Sullivan Mar 28, 2023 to now14
- Chief financial officerConnealy Pamela Yanchik Oct 7, 2021 to now15
- Chief operating officerConnealy Pamela Yanchik Mar 28, 2023 to now16
- Chief operating officerRitu Shah Oct 7, 2021 to Oct 12, 202117
Board members and other officers (13)
- SVP, Chief Accounting OfficerJitendra Wadhane Aug 9, 2022 to now18
- Chief Medical OfficerJay Feingold Oct 7, 2021 to Mar 28, 202319
- Chief Scientific OfficerRonald Herbst Oct 7, 2021 to Oct 12, 202120
- Board memberSanthosh Palani Mar 13, 2024 to now21
- Board memberMichael A. Metzger Jun 10, 2024 to now22
- Board memberJakob Dupont Aug 25, 2023 to now23
- Board memberRachel Humphrey Aug 15, 2022 to now24
- Board memberDarren S. Cline Oct 7, 2021 to now25
- Board memberFreda C. Lewis-Hall Oct 7, 2021 to now26
- Board memberJohn L. Flavin Oct 7, 2021 to now27
- Board memberLara Sullivan Oct 7, 2021 to now12
- Board memberMark Chin Oct 7, 2021 to Apr 4, 202228
- Board memberThomas Civik Oct 7, 2021 to now29
Timeline
Filings
339 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 58 major events, 125 insider forms, 40 large holders, 95 other. The latest 20:
- Oct 9, 2026PRE 14A EDGAR
- Oct 9, 2026SCHEDULE 13G/A EDGAR
- Oct 9, 20264/A EDGAR
- Oct 5, 2026SCHEDULE 13G EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 2026SCHEDULE 13G/A EDGAR
- Oct 1, 20268-K EDGAR
- Oct 1, 2026424B5 EDGAR
- Sep 29, 2026424B5 EDGAR
- Sep 29, 2026424B5 EDGAR
- Sep 9, 20268-K EDGAR
- Sep 8, 20264 EDGAR
- Sep 8, 20268-K EDGAR
- Aug 28, 2026424B2 EDGAR
- Aug 27, 2026EFFECT EDGAR
- Aug 20, 20264 EDGAR
- Aug 20, 2026S-3 EDGAR
- Aug 14, 20264 EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 13, 20268-K EDGAR
The 339 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
24 open-market trades by officers, directors and large owners since October 2021: 14 buys and 10 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | Dupont JakobDirector | Sale | 35,000 | $3.06 | $107.1K | Form 4 |
| Apr 21, 2025 | HUMPHREY RACHELDirector | Sale | 13,896 | $1.03 | $14.3K | Form 4 |
| Apr 17, 2025 | HUMPHREY RACHELDirector | Sale | 200 | $0.97 | $194 | Form 4 |
| Apr 14, 2025 | HUMPHREY RACHELDirector | Sale | 1,400 | $0.97 | $1.4K | Form 4 |
| Nov 26, 2024 | Connealy Pamela AnnCFO & COO | Buy | 88,850 | $1.96 | $174.4K | Form 4 |
| Sep 28, 2023 | Connealy Pamela AnnCFO & COO | Buy | 8,000 | $1.87 | $15.0K | Form 4 |
| Sep 27, 2023 | Wadhane JitendraPrin Fin & Acct Officer | Buy | 2,500 | $1.87 | $4.7K | Form 4 |
| Sep 27, 2023 | Connealy Pamela AnnCFO & COO | Buy | 6,426 | $1.85 | $11.9K | Form 4 |
| Sep 25, 2023 | Wadhane JitendraPrin Fin & Acct Officer | Buy | 5,000 | $1.77 | $8.8K | Form 4 |
| Sep 25, 2023 | Connealy Pamela AnnCFO & COO | Buy | 12,000 | $1.67 | $20.0K | Form 4 |
| Sep 22, 2023 | Wadhane JitendraPrin Fin & Acct Officer | Buy | 2,500 | $1.74 | $4.3K | Form 4 |
| Sep 22, 2023 | Connealy Pamela AnnCFO & COO | Buy | 5,000 | $1.74 | $8.7K | Form 4 |
| Sep 18, 2023 | Sullivan LaraPresident ,CEO & CMO | Sale | 8,541 | $2.10 | $17.9K | Form 4 |
| Sep 14, 2023 | Sullivan LaraPresident ,CEO & CMO | Sale | 100 | $2.25 | $225 | Form 4 |
| Sep 13, 2023 | Sullivan LaraPresident ,CEO & CMO | Sale | 3,000 | $2.27 | $6.8K | Form 4 |
| Sep 12, 2023 | Sullivan LaraPresident ,CEO & CMO | Sale | 4,917 | $2.25 | $11.1K | Form 4 |
| Sep 11, 2023 | Sullivan LaraPresident ,CEO & CMO | Sale | 20,000 | $2.27 | $45.4K | Form 4 |
| Mar 17, 2023 | PFIZER INC10% owner | Buy | 1,811,594 | $2.76 | $5.0M | Form 4 |
| Mar 17, 2023 | PFIZER INC10% owner | Buy | 1,811,594 | $2.76 | $5.0M | Form 4 |
| Apr 21, 2022 | Chin Mark | Sale | 1,745,761 | $3.05 | $5.3M | Form 4 |
All 24 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.
- GordonMD Global Investments LPSCHEDULE 13G/A, 4 filings Sep 23, 2025 to Oct 9, 202630
- Coastlands Capital LPSCHEDULE 13G, 1 filing Oct 5, 202631
- BIOTECHNOLOGY VALUE FUND L PSCHEDULE 13G, 4 filings Dec 20, 2021 to Jul 10, 202632
- Laurion Capital Management LPSCHEDULE 13G/A, 3 filings Feb 8, 2023 to Feb 9, 202633
- MILLENNIUM MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Jul 1, 2025 to Oct 14, 202534
- INTEGRATED CORE STRATEGIES (US) LLCSCHEDULE 13G/A, 2 filings Dec 16, 2024 to May 6, 202535
- Lara SullivanSCHEDULE 13D/A, 6 filings Oct 22, 2021 to Apr 2, 202536
- Deep Track Capital, LPSCHEDULE 13G/A, 2 filings Mar 8, 2024 to Feb 14, 202537
- Ridgeback Capital Investments L.P.SCHEDULE 13G/A, 2 filings Jan 26, 2024 to Feb 14, 202538
- BlackRockSCHEDULE 13G, 1 filing Feb 4, 202539
- Bayer World Investments B.V.SC 13G/A, 2 filings Feb 11, 2022 to Nov 6, 202440
- TANG CAPITAL PARTNERS LPSC 13G/A, 3 filings Nov 4, 2022 to Feb 14, 202441
- PfizerSC 13G/A, 3 filings Feb 11, 2022 to Mar 23, 202342
- RA CAPITAL MANAGEMENT, L.P.SC 13G/A, 3 filings Oct 25, 2021 to Feb 14, 202343
- RTW INVESTMENTS, LPSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202344
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 75. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| GordonMD Global Investments LP | 10,024,909 | $30.2M | 14.6% | +5,903,039 |
| Pfizer Inc | 7,032,770 | $19.5M | 11.4% | No change |
| Laurion Capital Management LP | 4,900,888 | $14.8M | 1.1% | −96,445 |
| Vanguard Capital Management LLC | 2,075,997 | $6.2M | 0.0% | +42,487 |
| Atle Fund Management AB | 966,459 | $2.9M | 0.8% | +769,423 |
| BlackRock, Inc. | 867,934 | $2.6M | 0.0% | +79,095 |
| Palo Alto Investors LP | 864,277 | $2.6M | 0.4% | −146,233 |
| Marshall Wace, Llp | 830,544 | $2.5M | 0.0% | +476,127 |
| Renaissance Technologies LLC | 772,232 | $2.3M | 0.0% | −116,448 |
| Geode Capital Management, LLC | 591,849 | $1.8M | 0.0% | −6,272 |
| Woodline Partners LP | 523,999 | $1.6M | 0.0% | New |
| 683 Capital Management, LLC | 459,367 | $1.4M | 0.1% | −436,896 |
| Jacobs Levy Equity Management, Inc | 428,606 | $1.3M | 0.0% | −32,391 |
| Longaeva Partners L.P. | 353,582 | $1.1M | 0.0% | −149,632 |
| Decheng Capital LLC | 326,810 | $983.7K | 0.1% | No change |
| Vanguard Fiduciary Trust Co | 302,986 | $912.0K | 0.0% | +2,089 |
| Jane Street Group, LLC | 290,090 | $873.2K | 0.0% | −14,369 |
| State Street Corp | 248,837 | $749.0K | 0.0% | No change |
| Millennium Management LLC | 233,004 | $701.3K | 0.0% | −164,621 |
| UBS Group AG | 155,217 | $467.2K | 0.0% | −98,907 |
| Bank of New York Mellon Corp | 133,996 | $403.3K | 0.0% | No change |
| Northern Trust Corp | 123,959 | $373.1K | 0.0% | +22,011 |
| NewEdge Wealth, LLC | 116,006 | $349.2K | 0.0% | No change |
| XTX Topco Ltd | 110,939 | $333.9K | 0.0% | −89,157 |
| Two Sigma Investments, LP | 83,961 | $252.7K | 0.0% | +10,661 |
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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- 13SEC EDGARThomas Civik, Chair
- 14SEC EDGARLara Sullivan, President
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- 17SEC EDGARRitu Shah, Chief operating officer
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- 19SEC EDGARJay Feingold, Chief Medical Officer
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- 21SEC EDGARSanthosh Palani, Board member
- 22SEC EDGARMichael A. Metzger, Board member
- 23SEC EDGARJakob Dupont, Board member
- 24SEC EDGARRachel Humphrey, Board member
- 25SEC EDGARDarren S. Cline, Board member
- 26SEC EDGARFreda C. Lewis-Hall, Board member
- 27SEC EDGARJohn L. Flavin, Board member
- 28SEC EDGARMark Chin, Board member
- 29SEC EDGARThomas Civik, Board member
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