ATAI - Atai Beckley Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$12.00
DETAILS
HIGH:
$15.00
LOW:
$10.00
MEDIAN:
$11.50
CONSENSUS:
$12.00
UPSIDE:
162.01%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 4.1 | 0.3 | 0.3 | 0.2 | 20.4 | 0 | 0 |
| Cost of Revenue | 1.0 | 0.5 | 0.3 | 0.2 | 0.0 | 0.0 | 0.0 |
| Gross Profit | 3.1 | (0.2) | (0.0) | 0.1 | 20.3 | (0.0) | (0.0) |
| Operating Expenses | |||||||
| R&D Expenses | 53.1 | 55.0 | 61.9 | 74.1 | 47.9 | 23.4 | 12.8 |
| SG&A Expenses | 49.8 | 47.5 | 63.6 | 70.3 | 92.7 | 80.7 | 5.1 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 102.8 | 102.5 | 125.5 | 144.5 | 140.7 | 104.1 | 17.8 |
| Operating Income | |||||||
| Operating Income | (99.8) | (102.7) | (125.5) | (144.4) | (120.3) | (104.2) | (17.8) |
| Interest Expense | 1.2 | 3.1 | 2.7 | 0.9 | 0 | 0 | 0 |
| Interest Income | 1.5 | 0.8 | 1.8 | 0.5 | 0.2 | 0.1 | 0.0 |
| Profitability | |||||||
| EBITDA | (657.7) | (147.3) | (39.9) | (150.1) | (178.2) | (104.1) | (17.8) |
| EBIT | (658.7) | (147.8) | (40.2) | (150.3) | (178.2) | (104.2) | (17.8) |
| Income Before Tax | (659.8) | (150.9) | (42.9) | (151.2) | (178.2) | (178.3) | (24.4) |
| Income Tax Expense | 0.3 | (0.9) | 1.0 | 6.2 | (4.0) | 0.3 | 0.0 |
| Net Income | (660.0) | (149.3) | (40.2) | (152.4) | (167.8) | (169.8) | (14.1) |
| Per Share Data | |||||||
| EPS (Basic) | -2.91 | -0.93 | -0.25 | -0.98 | -1.04 | -1.11 | -0.09 |
| EPS (Diluted) | -2.91 | -0.93 | -0.25 | -0.98 | -1.04 | -1.11 | -0.09 |
| Shares Outstanding | 226.5 | 160.2 | 158.8 | 155.7 | 160.7 | 152.6 | 152.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 85.3 | 17.5 | 45.0 | 190.6 | 362.3 | 97.2 | 30.1 |
| Short-Term Investments | 170.7 | 44.8 | 134.2 | 82.5 | 0 | 0 | 0 |
| Net Receivables | 14.4 | 1.3 | 2.3 | 5.6 | 6.3 | 1.3 | 8.7 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0.9 | 10.8 | 0.8 | 1.7 | 0.8 | 0.6 | 0.2 |
| Total Current Assets | 275.7 | 80.1 | 185.6 | 287.1 | 375.1 | 99.5 | 39.1 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 4.0 | 3.9 | 2.2 | 1.2 | 0.1 | 0.1 | 0.0 |
| Goodwill | 0.3 | 0.3 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 11.6 | 3.2 | 1.8 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0.9 | 71.0 | 91.7 | 6.8 | 27.8 | 10.0 | 22.9 |
| Other Non-Current Assets | 0.2 | 0.8 | 12.2 | 10.4 | 11.2 | 1.9 | 0 |
| Total Non-Current Assets | 34.9 | 79.3 | 107.9 | 18.3 | 39.1 | 12 | 23.0 |
| Total Assets | 310.5 | 159.4 | 293.5 | 305.4 | 414.2 | 111.5 | 62.1 |
| Current Liabilities | |||||||
| Account Payables | 4.9 | 2.6 | 4.6 | 2.4 | 6.0 | 0 | 0 |
| Short-Term Debt | 0.3 | 9.4 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 1.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 11.1 | 2.6 | 1.1 | 0.7 | 0.3 | 10.2 | 1.5 |
| Total Current Liabilities | 23.5 | 25.0 | 20.1 | 19.9 | 20.9 | 12.3 | 1.6 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 0 | 14.1 | 17.9 | 15.1 | 0.7 | 2.2 | 0.2 |
| Deferred Tax Liabilities | 17.8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 45.4 | 3.0 | 10.2 | 4.6 | 6.5 | 1.7 | 0.6 |
| Total Non-Current Liabilities | 65.1 | 17.9 | 29.0 | 19.8 | 7.3 | 3.9 | 0.7 |
| Total Liabilities | 88.5 | 42.8 | 49.2 | 39.7 | 28.2 | 16.2 | 2.3 |
| Stockholders' Equity | |||||||
| Common Stock | 3.6 | 18.8 | 18.6 | 18.6 | 18.0 | 8.4 | 6.6 |
| Retained Earnings | (1,360.3) | (700.2) | (550.9) | (510.2) | (357.8) | (189.3) | (19.5) |
| Accumulated Other Comprehensive Income | (20.9) | (18.5) | (19.5) | (21.7) | (8.3) | 5.8 | (1.4) |
| Total Stockholders' Equity | 221.9 | 116.3 | 243.0 | 260.7 | 376.9 | 90.8 | 58.8 |
| Total Liabilities & Equity | 310.5 | 159.4 | 293.5 | 305.4 | 414.2 | 111.5 | 62.1 |
| Debt Metrics | |||||||
| Total Debt | 2.1 | 24.7 | 19.1 | 15.3 | 0.7 | 2.2 | 0.2 |
| Net Debt | (83.2) | 7.2 | (25.9) | (175.3) | (361.5) | (95.1) | (29.9) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (660.0) | (150.0) | (43.9) | (157.4) | (174.2) | (178.6) | (24.4) |
| Depreciation & Amortization | 1.0 | 0.5 | 0.3 | 0.2 | 0.0 | 0.0 | 0.0 |
| Stock-Based Compensation | 0 | 25.5 | 33.0 | 42.4 | 63.4 | 67.2 | 0.1 |
| Change in Working Capital | (6.5) | (9.2) | 7.5 | (3.3) | (7.6) | 4.5 | (0.1) |
| Other Non-Cash Items | 562.8 | 50.8 | (81.0) | 8.7 | 16.1 | 29.9 | 9.1 |
| Operating Cash Flow | (102.7) | (82.4) | (84.1) | (104.5) | (63.2) | (20.8) | (7.8) |
| Investing Activities | |||||||
| Capital Expenditure | (0.9) | (0.1) | (0.6) | (1.0) | (1.1) | (0.1) | (0.0) |
| Acquisitions | 4.6 | 0.4 | (0.4) | 0 | (52.9) | (2.1) | (0.5) |
| Purchases of Investments | (98.9) | (15) | (186.2) | (309.7) | (23.7) | (23.9) | (11.6) |
| Sales/Maturities of Investments | 9.1 | 82.0 | 139.5 | 226.8 | (1.0) | 0 | 10.3 |
| Other Investing Activities | (13) | (8.1) | (5.8) | (3.3) | (2.6) | (2.2) | (7.3) |
| Investing Cash Flow | (109.1) | 59.2 | (53.3) | (86.8) | (81.3) | (28.3) | (9.0) |
| Financing Activities | |||||||
| Net Debt Issuance | 7.7 | 5 | 0 | 15 | 1.6 | 32.5 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (21.7) | (0.2) | (8.4) | 5.2 | 2.4 | (1.9) | (2.3) |
| Financing Cash Flow | 269.5 | 5.4 | (8.4) | 20.8 | 409.9 | 113.1 | 40.4 |
| Cash Position | |||||||
| Net Change in Cash | 57.8 | (17.5) | (145.6) | (171.7) | 265.0 | 67.2 | 23.1 |
| Cash at Beginning | 27.5 | 45.0 | 190.6 | 362.3 | 97.2 | 30.1 | 6.9 |
| Cash at End | 85.3 | 27.5 | 45.0 | 190.6 | 362.3 | 97.2 | 30.1 |
| Free Cash Flow | (103.6) | (82.5) | (84.7) | (105.5) | (64.4) | (20.8) | (7.9) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 4.1 | 0.3 | 0.3 | 0.2 | 20.4 | 0 | 0 |
| Gross Profit | 3.1 | (0.2) | (0.0) | 0.1 | 20.3 | (0.0) | (0.0) |
| Operating Income | (99.8) | (102.7) | (125.5) | (144.4) | (120.3) | (104.2) | (17.8) |
| Net Income | (660.0) | (149.3) | (40.2) | (152.4) | (167.8) | (169.8) | (14.1) |
| EPS (Diluted) | -2.91 | -0.93 | -0.25 | -0.98 | -1.04 | -1.11 | -0.09 |
| Balance Sheet | |||||||
| Cash & Equivalents | 85.3 | 17.5 | 45.0 | 190.6 | 362.3 | 97.2 | 30.1 |
| Total Assets | 310.5 | 159.4 | 293.5 | 305.4 | 414.2 | 111.5 | 62.1 |
| Total Debt | 2.1 | 24.7 | 19.1 | 15.3 | 0.7 | 2.2 | 0.2 |
| Stockholders' Equity | 221.9 | 116.3 | 243.0 | 260.7 | 376.9 | 90.8 | 58.8 |
| Cash Flow | |||||||
| Operating Cash Flow | (102.7) | (82.4) | (84.1) | (104.5) | (63.2) | (20.8) | (7.8) |
| Capital Expenditure | (0.9) | (0.1) | (0.6) | (1.0) | (1.1) | (0.1) | (0.0) |
| Free Cash Flow | (103.6) | (82.5) | (84.7) | (105.5) | (64.4) | (20.8) | (7.9) |