undamentalytics Newsletter

Biodexa Pharmaceuticals plc (BDRX) stock

Add holding +

NASDAQ: BDRX Nasdaq Biotechnology

Biodexa Pharmaceuticals plc is a US-listed company in the biotechnology industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Value diary

Our note on each quarter Biodexa Pharmaceuticals files

Where Biodexa Pharmaceuticals stands after its latest Filing

Biodexa Pharmaceuticals has little or no product revenue yet; it used $7m of cash in the twelve months. The diluted share count is up 1007.7% on a year earlier, which dilutes existing holders. It passes 2 of our 3 financial-health checks.

Our model value for Biodexa Pharmaceuticals is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Current signal Revenue growth decelerating: TTM revenue growth slowed to -45.2% (-53.9pp vs the prior quarter), the 2nd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 45.2% over the last 12 months.
  • Growth slowing. The growth rate is 53.9 points lower than a quarter earlier.
  • Loss-making. Operating margin is -2103.4%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 825.6 points on a year ago.
  • Burning cash. Free cash flow was -1798.4% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 1007.7% in a year.

Latest results

Earnings per share
$0.00 against an average estimate of $0.00: beat by 0.0%

Biodexa Pharmaceuticals' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-18.4%
  • 1 week-24.1%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

EPS (TTM, diluted)
$-15.35

Growth

Share count change
+1007.7%

Cash

Free cash flow (TTM)
-$7.4M

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for BDRX from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Biodexa Pharmaceuticals plc: too few analysts cover it.

Earnings against estimates

Biodexa Pharmaceuticals plc: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Jun 2026 $0.00 $0.00 0.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Positioning

Short interest
21.9%
of tradable shares
Days to cover
0.15
at average volume
Short interest, 1 month
+238%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
0.0%
of shares
Employees
11
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Fundamentals

Revenue (TTM) Biodexa Pharmaceuticals plc
$0 $1M $2M $3M FY15 Q4 FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 Revenue (TTM), FY15 Q4: $2.1M Revenue (TTM), FY16 Q4: $1.8M Revenue (TTM), FY17 Q4: $1.3M Revenue (TTM), FY18 Q4: $2.6M Revenue (TTM), FY19 Q4: $860.6K Revenue (TTM), FY20 Q4: $440K Revenue (TTM), FY21 Q4: $795.5K Revenue (TTM), FY22 Q4: $864.7K Revenue (TTM), FY23 Q4: $474K $474K

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY15 Q4 $2.1M
FY16 Q4 $1.8M
FY17 Q4 $1.3M
FY18 Q4 $2.6M
FY19 Q4 $860.6K
FY20 Q4 $440K
FY21 Q4 $795.5K
FY22 Q4 $864.7K
FY23 Q4 $474K
Revenue growth, TTM YoY Biodexa Pharmaceuticals plc
-100% -50% 0% 50% 100% 150% FY16 Q4 FY18 Q4 FY20 Q4 FY23 Q4 Revenue growth, TTM YoY, FY16 Q4: -14.7% Revenue growth, TTM YoY, FY17 Q4: -28.9% Revenue growth, TTM YoY, FY18 Q4: 103.1% Revenue growth, TTM YoY, FY19 Q4: -66.8% Revenue growth, TTM YoY, FY20 Q4: -48.9% Revenue growth, TTM YoY, FY21 Q4: 80.8% Revenue growth, TTM YoY, FY22 Q4: 8.7% Revenue growth, TTM YoY, FY23 Q4: -45.2% -45.2%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY16 Q4 -14.7%
FY17 Q4 -28.9%
FY18 Q4 103.1%
FY19 Q4 -66.8%
FY20 Q4 -48.9%
FY21 Q4 80.8%
FY22 Q4 8.7%
FY23 Q4 -45.2%
Operating margin (TTM) Biodexa Pharmaceuticals plc
-8000% -6000% -4000% -2000% 0% FY15 Q4 FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 Operating margin (TTM), FY15 Q4: -939.5% Operating margin (TTM), FY16 Q4: -729.6% Operating margin (TTM), FY17 Q4: -1342.4% Operating margin (TTM), FY18 Q4: -609.6% Operating margin (TTM), FY19 Q4: -1679.2% Operating margin (TTM), FY20 Q4: -6717.2% Operating margin (TTM), FY21 Q4: -1210.7% Operating margin (TTM), FY22 Q4: -1277.8% Operating margin (TTM), FY23 Q4: -2103.4% -2103.4%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY15 Q4 -939.5%
FY16 Q4 -729.6%
FY17 Q4 -1342.4%
FY18 Q4 -609.6%
FY19 Q4 -1679.2%
FY20 Q4 -6717.2%
FY21 Q4 -1210.7%
FY22 Q4 -1277.8%
FY23 Q4 -2103.4%
FCF margin (TTM) Biodexa Pharmaceuticals plc
-3000% -2000% -1000% 0% FY15 Q4 FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FCF margin (TTM), FY15 Q4: -970.4% FCF margin (TTM), FY16 Q4: -1090.9% FCF margin (TTM), FY17 Q4: -1381.2% FCF margin (TTM), FY18 Q4: -706.6% FCF margin (TTM), FY19 Q4: -1008.8% FCF margin (TTM), FY20 Q4: -2772.6% FCF margin (TTM), FY21 Q4: -1094.8% FCF margin (TTM), FY22 Q4: -1017.2% FCF margin (TTM), FY23 Q4: -1798.4% -1798.4%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY15 Q4 -970.4%
FY16 Q4 -1090.9%
FY17 Q4 -1381.2%
FY18 Q4 -706.6%
FY19 Q4 -1008.8%
FY20 Q4 -2772.6%
FY21 Q4 -1094.8%
FY22 Q4 -1017.2%
FY23 Q4 -1798.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Biodexa Pharmaceuticals plc: annual financial statements
Fiscal year 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023
Income
Revenue 2 2 1 3 1 0 1 1 0
Gross profit 2 8 9 — — — — — —
EBITDA −20 −13 −17 −16 — — — — —
Operating income −20 −13 −17 −16 −14 −30 −10 −11 −10
Net income −15 −27 −21 −20 −13 −28 −8 −9 −9
Diluted EPS — — — — — — — −$191753.91 —
Growth (year on year)
Revenue — −14.7% −28.9% +103.1% −66.8% −48.9% +80.8% +8.7% −45.2%
Margins
Gross margin 94.9% — — — — — — — —
EBITDA margin −954.8% −727.9% <−999% −602.8% — — — — —
Operating margin −939.5% −729.6% <−999% −609.6% <−999% <−999% <−999% <−999% <−999%
Net margin −734.5% <−999% <−999% −775.5% <−999% <−999% −944.6% <−999% <−999%
Free-cash-flow margin −970.4% <−999% <−999% −706.6% <−999% <−999% <−999% <−999% <−999%
Cash flow
Cash from operations −19 −18 −17 −18 −8 −12 −8 −9 −8
Capital spending 1 2 1 0 0 0 0 0 0
Free cash flow −20 −20 −18 −18 −9 −12 −9 −9 −9
Stock-based pay 0 0 1 −0 −0 −1 0 0 0
Free cash flow after stock pay −21 −20 −18 −18 −9 −12 −9 −9 −9
Balance sheet
Cash 24 22 18 3 15 10 14 3 8
Total debt 2 2 8 1 8 0 1 1 0
Net debt (negative = net cash) −22 −20 −9 −2 −7 −10 −13 −3 −7
Diluted shares — — — — — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · December 31, 2025
What it owns · $24m
Short-term assets $17mLonger-term assets $8m
What it owes, and who funded it · $24m
Short-term liabilities $8mLonger-term liabilities $1mShareholders' equity $15m
  • Short-term assets cover short-term liabilities $17m of assets due within a year against $8m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $17m short-term assets against $867,332 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$11m against $13,192 of interest.

From Biodexa Pharmaceuticals plc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+1007.7%
year over year

Competitors: side by side with peers

Closest by revenue in biotechnology
Growth, margins and cash generation against peers
Last 12 months unless stated BDRX CRDF CRVO MNOV STTK CLNN Median
Revenue, last 12 months $473962 $508000 $331295 $920481 $1m $197000 $55m
Revenue growth, last 12 months −45.2% −7.0% −95.7% 875.7% −66.6% −31.1% 12.2%
Revenue growth, 3-year average — 7.2% −52.7% — 5.2% −36.9% 13.7%
Revenue growth, latest quarter — −14.0% −100.0% 240.6% −66.6% 233.3% 10.2%
Gross margin 94.9% 100.0% 100.0% 100.0% — 70.1% 82.9%
Operating margin <−999% <−999% <−999% <−999% <−999% <−999% −191.1%
Operating margin, 3-year average <−999% <−999% <−999% −905.8% <−999% <−999% −365.3%
Net margin <−999% <−999% <−999% <−999% <−999% <−999% −172.8%
Cash from operations / revenue <−999% <−999% <−999% −989.7% <−999% <−999% −168.8%
Free-cash-flow margin <−999% <−999% — −991.2% <−999% <−999% −168.1%
Free-cash-flow margin, 3-year average <−999% <−999% — <−999% <−999% <−999% −313.4%
Stock pay / revenue 7.3% >999% 393.0% 100.3% 853.2% >999% 19.2%
Change in share count >999% 15.8% 8.4% 0.2% 15.3% 35.4% 8.3%

Median of all 185 companies we cover in biotechnology. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Who owns it

13F filings for June 30, 2026
Reported value
$48,055
Institutions reporting
7
Shares held vs prior quarter
▲ 10870.9%
Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Armistice Capital, LLC $43,094 15K 89.7% New
Gamma Investing LLC $3,501 1K 7.3% New
Allied Private Wealth LLC $1,271 0K 2.6% —
Sbi Securities Co., Ltd. $84 0K 0.2% ▼ 80.8%
UBS Group AG $73 0K 0.2% New
Hilton Head Capital Partners, LLC $17 0K 0.0% New
Caitong International Asset Management Co., Ltd $15 0K 0.0% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Biodexa Pharmaceuticals plc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Biodexa Pharmaceuticals plc was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Biodexa Pharmaceuticals plc in brief

What does Biodexa Pharmaceuticals plc do?
Biodexa Pharmaceuticals plc is a US-listed company in the biotechnology industry. Its financial year ends in December.
What is Biodexa Pharmaceuticals plc's stock ticker?
Biodexa Pharmaceuticals plc trades under the ticker BDRX on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are Biodexa Pharmaceuticals plc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Armistice Capital, LLC, Gamma Investing LLC and Allied Private Wealth LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Who are Biodexa Pharmaceuticals plc's competitors?
In our Biotechnology peer group, the companies closest to Biodexa Pharmaceuticals plc are Cardiff Oncology, Inc., Cervomed Inc., Medicinova Inc, Shattuck Labs, Inc. and Clene Inc. The side-by-side comparison below sets their revenue, margins and growth against Biodexa Pharmaceuticals plc's.