TSHA on Nasdaq
Taysha Gene Therapies, Inc.
We are a clinical-stage biotechnology company focused on advancing AAV-based gene therapies for the treatment of severe monogenic diseases of the central nervous system, or CNS.3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerTSHA on Nasdaq1
- IndustryBiological Products, (No Diagnostic Substances)1
- HeadquartersDallas, Texas1
- Incorporated inDE2
- Business address3000 Pegasus Park Drive, Suite 1430, Dallas, Tx 752472
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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We are a clinical-stage biotechnology company focused on advancing AAV-based gene therapies for the treatment of severe monogenic diseases of the central nervous system, or CNS. Our lead clinical program TSHA-102 is in development for the treatment of Rett syndrome, a rare neurodevelopmental disorder with no approved disease-modifying therapies that address the genetic root cause of the disease. With a singular focus on developing transformative medicines, we aim to address severe unmet medical needs and dramatically improve the lives of patients and their caregivers. Our management team has proven experience in gene therapy development and commercialization. We leverage this experience, our manufacturing process and a clinically and commercially proven AAV9 capsid in an effort to rapidly translate treatments from bench to bedside.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
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development100¢$86.4M
Out of $9.8M 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 |
|---|---|---|
| Revenue | $9.8M | $8.3M |
| Research and development | $86.4M | $66.0M |
| General and administrative | $33.9M | $29.0M |
| Impairment of long-lived assets | $0 | $4.8M |
| Total operating expenses | $120.3M | $99.8M |
| Loss from operations | -$110.5M | -$91.5M |
| Change in fair value of warrant liability | -$1.2M | $16.0K |
| Change in fair value of term loan | -$6.2M | -$4.6M |
| Interest income | $9.2M | $6.9M |
| Interest expense | -$63.0K | -$102.0K |
| Other expense | -$291.0K | -$110.0K |
| Total other income, net | $1.5M | $2.2M |
| Net loss | -$109.0M | -$89.3M |
| Net loss per common share, basic | -$0.34 | -$0.36 |
| Net loss per common share, diluted | -$0.34 | -$0.36 |
| Weighted average common shares outstanding, basic | 319.7M shares | 250.1M shares |
| Weighted average common shares outstanding, diluted | 319.7M shares | 250.1M 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.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $319.8M | $139.0M | |
| Restricted cash | $449.0K | $449.0K | |
| Prepaid expenses and other current assets | $4.4M | $2.6M | |
| Total current assets | $324.6M | $142.1M | |
| Restricted cash | $2.3M | $2.2M | |
| Property, plant and equipment, net | $6.7M | $7.5M | |
| Operating lease right-of-use assets | $9.4M | $8.4M | |
| Other non-current assets | $183.0K | $217.0K | |
| Total assets | $343.3M | $160.4M | |
| Accounts payable | $6.3M | $3.6M | |
| Accrued expenses and other current liabilities | $20.3M | $12.9M | |
| Deferred revenue | $9.8M | ||
| Total current liabilities | $26.6M | $26.2M | |
| Term loan, net | $50.1M | $43.9M | |
| Operating lease liability, net of current portion | $18.2M | $17.4M | |
| Other non-current liabilities | $1.6M | $1.3M | |
| Total liabilities | $96.4M | $88.8M | |
| Common stock, $0.00001 par value per share; 700,000,000 shares authorized and 285,051,648 issued and outstanding as of December 31, 2025 and 400,000,000 shares authorized and 204,943,306 issued and outstanding as of December 31, 2024 | $3.0K | $2.0K | |
| Additional paid-in capital | $958.4M | $677.9M | |
| Accumulated other comprehensive loss | -$192.0K | -$4.0M | |
| Accumulated deficit | -$711.3M | -$602.3M | |
| Total stockholders equity | $246.9M | $71.5M | $74.9M |
| Total liabilities and stockholders' equity | $343.3M | $160.4M | |
| Preferred stock, par 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 | 700.0M shares | 400.0M shares | |
| Common stock, shares issued | 285.1M shares | 204.9M shares | |
| Common stock, shares outstanding | 285.1M shares | 204.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $319.8M | $139.0M | |
| Restricted cash | $449.0K | $449.0K | |
| Prepaid expenses and other current assets | $4.4M | $2.6M | |
| Total current assets | $324.6M | $142.1M | |
| Restricted cash | $2.3M | $2.2M | |
| Property, plant and equipment, net | $6.7M | $7.5M | |
| Operating lease right-of-use assets | $9.4M | $8.4M | |
| Other non-current assets | $183.0K | $217.0K | |
| Total assets | $343.3M | $160.4M | |
| Accounts payable | $6.3M | $3.6M | |
| Accrued expenses and other current liabilities | $20.3M | $12.9M | |
| Deferred revenue | $9.8M | ||
| Total current liabilities | $26.6M | $26.2M | |
| Term loan, net | $50.1M | $43.9M | |
| Operating lease liability, net of current portion | $18.2M | $17.4M | |
| Other non-current liabilities | $1.6M | $1.3M | |
| Total liabilities | $96.4M | $88.8M | |
| Common stock, $0.00001 par value per share; 700,000,000 shares authorized and 285,051,648 issued and outstanding as of December 31, 2025 and 400,000,000 shares authorized and 204,943,306 issued and outstanding as of December 31, 2024 | $3.0K | $2.0K | |
| Additional paid-in capital | $958.4M | $677.9M | |
| Accumulated other comprehensive loss | -$192.0K | -$4.0M | |
| Accumulated deficit | -$711.3M | -$602.3M | |
| Total stockholders equity | $246.9M | $71.5M | $74.9M |
| Total liabilities and stockholders' equity | $343.3M | $160.4M | |
| Preferred stock, par 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 | 700.0M shares | 400.0M shares | |
| Common stock, shares issued | 285.1M shares | 204.9M shares | |
| Common stock, shares outstanding | 285.1M shares | 204.9M 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 | -$109.0M | -$89.3M |
| Depreciation expense | $1.1M | $1.2M |
| Stock-based compensation | $13.3M | $13.1M |
| Research and development license expense | $3.0M | |
| Change in fair value of warrant liability | $1.2M | -$16.0K |
| Non-cash change in fair value of term loan | $832.0K | -$597.0K |
| Debt issuance costs expensed under the fair value option | $147.0K | |
| Impairment of long-lived assets | $0 | $4.8M |
| Non-cash lease expense | $1.4M | $1.2M |
| Other | $296.0K | $750.0K |
| Prepaid expenses and other assets | -$1.7M | $207.0K |
| Accounts payable | -$153.0K | -$2.9M |
| Accrued expenses and other liabilities | $6.3M | -$1.4M |
| Deferred revenue | -$9.8M | -$8.3M |
| Net cash used in operating activities | -$93.1M | -$81.2M |
| Purchase of property, plant and equipment | -$738.0K | -$374.0K |
| Other | $134.0K | $11.0K |
| Net cash used in investing activities | -$604.0K | -$363.0K |
| Proceeds from issuance of common stock and pre-funded warrants from underwritten public offering, net of underwriting discounts and sales commissions and other offering costs | $215.6M | $76.8M |
| Proceeds from issuance of common stock pursuant to at-the-market offering, net of sales commissions and other offering costs | $48.4M | |
| Prepayment of 2023 Trinity term loan | -$40.6M | |
| Proceeds from 2025 Trinity term loan, net | $49.9M | |
| Proceeds from issuance of common stock upon exercise of warrants | $225.0K | |
| Debt issuance costs for term loan | -$18.0K | |
| Proceeds from common stock issuances under ESPP | $159.0K | $89.0K |
| Proceeds from stock option exercises | $1.2M | |
| Other | -$337.0K | -$167.0K |
| Net cash provided by financing activities | $274.6M | $76.7M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $180.9M | -$4.9M |
| Cash paid for interest | $5.4M | $5.3M |
| Proceeds allocated to Success Fee liability | $217.0K | |
| Right-of-use assets obtained in exchange for lease liabilities | $2.4M | |
| Purchase of research and development license not yet paid | $3.0M | |
| Non-cash impact of exercise of liability classified warrants | $1.6M | |
| Property, plant and equipment in accounts payable and accrued expenses | $41.0K | $346.0K |
| Offering costs not yet paid | $46.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Taysha Gene Therapies, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerSean P. Nolan Jan 4, 2023 to now12
- Chief executive officerR.a. Session Ii. Sep 23, 2020 to Feb 25, 202213
- PresidentSukumar Nagendran Jan 4, 2023 to now14
- PresidentR.a. Session Ii. Sep 23, 2020 to Feb 25, 202213
Board members and other officers (10)
- CMO and Head of R&DSuyash Prasad Sep 23, 2020 to Jul 7, 202215
- Board memberSean Stalfort Jun 26, 2023 to now16
- Board memberAlison S. Long Nov 3, 2023 to now17
- Board memberPaul B. Manning Sep 23, 2020 to Nov 2, 202218
- Board memberPhilip B. Donenberg Sep 23, 2020 to now19
- Board memberR.a. Session Ii. Sep 23, 2020 to Dec 23, 202213
- Board memberSean P. Nolan Sep 23, 2020 to now20
- Board memberSukumar Nagendran Sep 23, 2020 to now21
- Board memberKathleen Reape Nov 24, 2020 to Jun 26, 202322
- Board memberLaura Sepp-Lorenzino Nov 24, 2020 to now23
Named in SEC Form D filings
People the company listed in its private-offering notices.
Timeline
Filings
305 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 65 major events, 85 insider forms, 44 large holders, 2 private raises, 88 other. The latest 20:
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 11, 202610-Q EDGAR
- Aug 11, 20268-K EDGAR
- Jul 10, 2026144 EDGAR
- Jul 10, 20264 EDGAR
- Jun 25, 20268-K EDGAR
- Jun 25, 2026424B5 EDGAR
- Jun 24, 2026424B5 EDGAR
- Jun 22, 20268-K EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20268-K EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 6, 202610-Q EDGAR
- May 6, 20268-K EDGAR
- Apr 22, 2026ARS EDGAR
The 305 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
47 open-market trades by officers, directors and large owners since October 2021: 16 buys and 31 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 10, 2026 | Nagendran SukumarPresident and Head of R&D | Sale | 200,000 | $6.24 | $1.2M | Form 4 |
| Apr 10, 2026 | Nagendran SukumarPresident and Head of R&D | Sale | 200,000 | $4.46 | $892.0K | Form 4 |
| Feb 4, 2026 | Alam KamranCHIEF FINANCIAL OFFICER | Sale | 1,655 | $4.52 | $7.5K | Form 4 |
| Jan 26, 2026 | Alam KamranCHIEF FINANCIAL OFFICER | Sale | 23,849 | $4.61 | $109.9K | Form 4 |
| Jan 26, 2026 | Nagendran SukumarPresident and Head of R&D | Sale | 26,918 | $4.61 | $124.1K | Form 4 |
| Jan 26, 2026 | Nolan Sean P.Chief Executive Officer | Sale | 41,312 | $4.61 | $190.4K | Form 4 |
| Jan 23, 2026 | Alam KamranCHIEF FINANCIAL OFFICER | Sale | 78,968 | $4.75 | $375.1K | Form 4 |
| Jan 23, 2026 | Nagendran SukumarPresident and Head of R&D | Sale | 89,132 | $4.75 | $423.4K | Form 4 |
| Jan 23, 2026 | Nolan Sean P.Chief Executive Officer | Sale | 136,789 | $4.75 | $649.7K | Form 4 |
| Jan 12, 2026 | Nagendran SukumarPresident and Head of R&D | Sale | 200,000 | $4.71 | $942.0K | Form 4 |
| Dec 1, 2025 | Nagendran SukumarPresident and Head of R&D | Sale | 260,047 | $4.51 | $1.2M | Form 4 |
| Nov 28, 2025 | Nagendran SukumarPresident and Head of R&D | Sale | 110,125 | $4.75 | $523.1K | Form 4 |
| Sep 10, 2025 | Nagendran SukumarPresident and Head of R&D | Sale | 200,000 | $3.23 | $646.0K | Form 4 |
| Aug 21, 2025 | Nagendran SukumarPresident and Head of R&D | Sale | 57,054 | $2.85 | $162.6K | Form 4 |
| Aug 21, 2025 | Alam KamranCHIEF FINANCIAL OFFICER | Sale | 54,491 | $2.85 | $155.3K | Form 4 |
| May 30, 2025 | Manning Paul B10% owner | Buy | 750,000 | $2.75 | $2.1M | Form 4 |
| Jun 27, 2024 | Manning Paul B10% owner | Buy | 1,333,333 | $2.25 | $3.0M | Form 4 |
| Nov 17, 2023 | Manning Paul B10% owner | Buy | 100,000 | $1.63 | $163.0K | Form 4 |
| Aug 24, 2023 | Alam KamranCHIEF FINANCIAL OFFICER | Sale | 33,000 | $2.33 | $76.9K | Form 4 |
| Aug 16, 2023 | Manning Paul B10% owner | Buy | 16,466,667 | $0.90 | $14.8M | Form 4 |
All 47 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.
- RA CAPITAL MANAGEMENT, L.P.SCHEDULE 13G/A, 6 filings Aug 25, 2023 to Aug 14, 202626
- Morgan StanleySCHEDULE 13G/A, 3 filings Feb 5, 2025 to Aug 13, 202627
- RTW INVESTMENTS, LPSCHEDULE 13G/A, 6 filings Feb 14, 2024 to May 15, 202628
- Vestal Point Capital, LPSCHEDULE 13G/A, 2 filings Feb 17, 2026 to May 15, 202629
- FMR LLCSCHEDULE 13G/A, 9 filings Feb 9, 2022 to Feb 5, 202630
- BlackRockSCHEDULE 13G/A, 3 filings Oct 22, 2024 to Jan 21, 202631
- Octagon Capital Advisors LPSCHEDULE 13G/A, 2 filings Feb 5, 2025 to Nov 14, 202532
- Paul B. ManningSCHEDULE 13D/A, 3 filings Nov 2, 2022 to Jun 3, 202533
- Avoro Capital Advisors LLCSC 13G, 1 filing Nov 14, 202434
- Venrock Healthcare Capital Partners III, L.P.SC 13G/A, 3 filings Aug 28, 2023 to Nov 14, 202435
- TCG Crossover GP I, LLCSC 13G/A, 2 filings Aug 25, 2023 to Feb 9, 202436
- Astellas PharmaSC 13D/A, 1 filing Aug 18, 202337
- Audentes Therapeutics, Inc.SC 13D, 1 filing Oct 31, 202238
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 |
|---|---|---|---|---|
| Avoro Capital Advisors LLC | 23,888,888 | $162.7M | 1.5% | +2,188,888 |
| Ra Capital Management, L.P. | 23,555,648 | $160.4M | 1.4% | No change |
| Goldman Sachs Group Inc | 22,713,118 | $154.7M | 0.0% | +343,473 |
| BlackRock, Inc. | 20,691,927 | $140.9M | 0.0% | +2,326,319 |
| Vestal Point Capital, LP | 19,415,000 | $132.2M | 3.1% | +1,415,000 |
| Morgan Stanley | 16,487,479 | $112.3M | 0.0% | −1,477,892 |
| Rtw Investments, LP | 13,560,258 | $92.3M | 0.8% | −119,990 |
| Fmr LLC | 13,336,413 | $90.8M | 0.0% | −984,842 |
| Vanguard Capital Management LLC | 12,478,595 | $85.0M | 0.0% | +2,247,093 |
| State Street Corp | 11,421,920 | $77.8M | 0.0% | +212,842 |
| Siren, L.L.C. | 9,846,579 | $67.1M | 1.4% | +1,016,666 |
| Octagon Capital Advisors LP | 9,693,244 | $66.0M | 6.1% | +833,333 |
| Geode Capital Management, LLC | 6,560,394 | $44.7M | 0.0% | +1,028,439 |
| Polar Capital Holdings Plc | 5,117,133 | $34.8M | 0.1% | −537,207 |
| Mpm Bioimpact LLC | 4,500,000 | $30.6M | 1.9% | New |
| D. E. Shaw & Co., Inc. | 4,398,652 | $30.0M | 0.0% | −28,649 |
| Baker Bros. Advisors LP | 4,004,756 | $27.3M | 0.1% | No change |
| Wellington Management Group Llp | 3,975,605 | $27.1M | 0.0% | +3,349,244 |
| Healthcare Of Ontario Pension Plan Trust Fund | 3,885,501 | $26.5M | 0.0% | +1,002,200 |
| GordonMD Global Investments LP | 723,185 | $24.5M | 11.9% | −14,365 |
| Casdin Capital, LLC | 3,250,000 | $22.1M | 1.1% | No change |
| Vanguard Portfolio Management LLC | 3,140,009 | $21.4M | 0.0% | +1,117,511 |
| ADAR1 Capital Management, LLC | 3,040,466 | $20.7M | 1.0% | +61,037 |
| Pictet Asset Management Holding SA | 2,770,701 | $18.9M | 0.0% | +2,751,383 |
| Aberdeen Group plc | 2,327,152 | $15.8M | 0.0% | +1,306,089 |
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 EDGARSukumar Nagendran, President
- 15SEC EDGARSuyash Prasad, CMO and Head of R&D
- 16SEC EDGARSean Stalfort, Board member
- 17SEC EDGARAlison S. Long, Board member
- 18SEC EDGARPaul B. Manning, Board member
- 19SEC EDGARPhilip B. Donenberg, Board member
- 20SEC EDGARSean P. Nolan, Board member
- 21SEC EDGARSukumar Nagendran, Board member
- 22SEC EDGARKathleen Reape, Board member
- 23SEC EDGARLaura Sepp-Lorenzino, Board member
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