1.Sales and profit
See section β- Acumen Pharmaceuticals, Inc. lost $121M in fiscal 2025.
ABOS Nasdaq Biological Products, (No Diagnostic Substances) Financials FY2020βFY2025
Last close Β· Oct 27, 2026
$2.26
+$0.06 (+2.73%) past year
Hi! I read Acumen Pharmaceuticals, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Does it make a profit?
β$121M
No. It lost money last year.
How healthy are the accounts?
1 / 7
Weak. It passes 1 of 7 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
Revenue
Margins, % of revenue
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Loss periods are shown in red.
KIRA summarises the numbers
Acumen Pharmaceuticals, Inc. lost $121M in fiscal 2025.
Net income
Net income
Diluted EPS
Diluted EPS
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
KIRA summarises the numbers
Free cash flow was β$116M in fiscal 2025, β of revenue.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Dividends and buybacks
Diluted shares outstanding (annual)
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
KIRA summarises the numbers
In the last 12 months, insiders sold $0.6M of shares on the open market and bought none.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.6M
9 insiders
Of sales under plans
86%
$0.5M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 17, 2026 | Derrell PorterDirector | Sold | 13,040 | $2.33 | $0.0M | Form 4 |
| Jun 16, 2026 | Derrell PorterDirector | Sold | 12,800 | $2.33 | $0.0M | Form 4 |
| Jun 15, 2026 | Derrell PorterDirector | Sold | 6,460 | $2.35 | $0.0M | Form 4 |
| Jun 9, 2026 | Nathan B FountainDirector | Sold | 6,400 | $2.23 | $0.0M | Form 4 |
| Mar 6, 2026 | Derek M MeisnerChief Legal Officer & Corp Sec | Sold plan | 2,090 | $3.26 | $0.0M | Form 4 |
| Feb 27, 2026 | Derek M MeisnerChief Legal Officer & Corp Sec | Sold plan | 9,406 | $3.01 | $0.0M | Form 4 |
| Jan 28, 2026 | Derek M MeisnerChief Legal Officer & Corp Sec | Sold plan | 2,671 | $3.00 | $0.0M | Form 4 |
| Jan 26, 2026 | Derek M MeisnerChief Legal Officer & Corp Sec | Sold plan | 15,085 | $3.00 | $0.0M | Form 4 |
| Jan 23, 2026 | Derek M MeisnerChief Legal Officer & Corp Sec | Sold plan | 5,633 | $1.90 | $0.0M | Form 4 |
| Jan 22, 2026 | Russell BartonChief Operating Officer | Sold plan | 462 | $1.84 | $0.0M | Form 4 |
| Jan 22, 2026 | Matt ZugaCFO & Chief Business Officer | Sold plan | 1,687 | $1.86 | $0.0M | Form 4 |
| Jan 22, 2026 | Eric SiemersChief Medical Officer | Sold plan | 895 | $1.82 | $0.0M | Form 4 |
| Jan 22, 2026 | Derek M MeisnerChief Legal Officer & Corp Sec | Sold plan | 1,054 | $1.84 | $0.0M | Form 4 |
| Jan 22, 2026 | Daniel Joseph OConnellChief Executive Officer, Director | Sold plan | 2,689 | $1.88 | $0.0M | Form 4 |
| Jan 21, 2026 | Eric SiemersChief Medical Officer | Sold plan | 2,331 | $1.80 | $0.0M | Form 4 |
| Jan 21, 2026 | Derek M MeisnerChief Legal Officer & Corp Sec | Sold plan | 2,247 | $1.81 | $0.0M | Form 4 |
| Jan 21, 2026 | Matt ZugaCFO & Chief Business Officer | Sold plan | 2,473 | $1.81 | $0.0M | Form 4 |
| Jan 21, 2026 | Russell BartonChief Operating Officer | Sold plan | 2,315 | $1.81 | $0.0M | Form 4 |
| Jan 21, 2026 | Daniel Joseph OConnellChief Executive Officer, Director | Sold plan | 9,346 | $1.81 | $0.0M | Form 4 |
| Jan 12, 2026 | Derek M MeisnerChief Legal Officer & Corp Sec | Sold plan | 8,548 | $1.71 | $0.0M | Form 4 |
| Jan 12, 2026 | Daniel Joseph OConnellChief Executive Officer, Director | Sold plan | 5,388 | $1.73 | $0.0M | Form 4 |
| Jan 9, 2026 | Derek M MeisnerChief Legal Officer & Corp Sec | Sold plan | 5,200 | $1.76 | $0.0M | Form 4 |
| Jan 9, 2026 | Daniel Joseph OConnellChief Executive Officer, Director | Sold plan | 12,941 | $1.76 | $0.0M | Form 4 |
| Jan 8, 2026 | Russell BartonChief Operating Officer | Sold plan | 3,530 | $1.86 | $0.0M | Form 4 |
| Jan 8, 2026 | Daniel Joseph OConnellChief Executive Officer, Director | Sold plan | 8,143 | $1.82 | $0.0M | Form 4 |
| Jan 8, 2026 | Derek M MeisnerChief Legal Officer & Corp Sec | Sold plan | 36,911 | $1.82 | $0.1M | Form 4 |
| Jan 8, 2026 | Matt ZugaCFO & Chief Business Officer | Sold plan | 6,888 | $1.82 | $0.0M | Form 4 |
| Jan 8, 2026 | James J. DohertyPresident and CDO | Sold plan | 6,467 | $1.82 | $0.0M | Form 4 |
| Jan 7, 2026 | Russell BartonChief Operating Officer | Sold plan | 1,700 | $1.99 | $0.0M | Form 4 |
| Jan 7, 2026 | Amy SchacterleChief Regulatory Officer | Sold plan | 1,097 | $1.98 | $0.0M | Form 4 |
| Jan 7, 2026 | Matt ZugaCFO & Chief Business Officer | Sold plan | 5,805 | $2.00 | $0.0M | Form 4 |
| Jan 7, 2026 | James J. DohertyPresident and CDO | Sold plan | 1,700 | $1.99 | $0.0M | Form 4 |
| Jan 7, 2026 | Daniel Joseph OConnellChief Executive Officer, Director | Sold plan | 37,755 | $1.99 | $0.1M | Form 4 |
| Jan 7, 2026 | Derek M MeisnerChief Legal Officer & Corp Sec | Sold plan | 11,770 | $1.99 | $0.0M | Form 4 |
| Jan 6, 2026 | Matt ZugaCFO & Chief Business Officer | Sold plan | 5,100 | $1.97 | $0.0M | Form 4 |
| Jan 6, 2026 | Eric SiemersChief Medical Officer | Sold plan | 6,834 | $1.97 | $0.0M | Form 4 |
| Jan 6, 2026 | Daniel Joseph OConnellChief Executive Officer, Director | Sold plan | 5,102 | $1.97 | $0.0M | Form 4 |
| Jan 6, 2026 | Russell BartonChief Operating Officer | Sold plan | 3,618 | $1.97 | $0.0M | Form 4 |
| Jan 6, 2026 | Derek M MeisnerChief Legal Officer & Corp Sec | Sold plan | 10,898 | $1.97 | $0.0M | Form 4 |
| Jan 5, 2026 | Matt ZugaCFO & Chief Business Officer | Sold plan | 4,000 | $1.96 | $0.0M | Form 4 |
| Jan 5, 2026 | Daniel Joseph OConnellChief Executive Officer, Director | Sold plan | 4,649 | $1.97 | $0.0M | Form 4 |
| Jan 5, 2026 | Russell BartonChief Operating Officer | Sold plan | 4,000 | $1.96 | $0.0M | Form 4 |
| Jan 5, 2026 | Eric SiemersChief Medical Officer | Sold plan | 4,000 | $1.96 | $0.0M | Form 4 |
| Jan 5, 2026 | Derek M MeisnerChief Legal Officer & Corp Sec | Sold plan | 4,000 | $1.96 | $0.0M | Form 4 |
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Acumen Pharmaceuticals, Inc. can carry it.
KIRA summarises the numbers
Acumen Pharmaceuticals, Inc. has $85.7M more cash than debt.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $194M | $178M | $244M | $172M | $117M |
| Debt incl. finance leases | β | $0.0M | $30.7M | $29.4M | $31.2M |
| Debt / equity | β | 0.0x | 0.1x | 0.2x | 0.4x |
| Interest coverage | β | β | β105.2x | β28.0x | β29.3x |
| Current ratio | 38.6x | 23.1x | 19.0x | 6.5x | 4.1x |
| Quick ratio | 38.6x | 23.1x | 19.0x | 6.5x | 4.1x |
| Total assets | $230M | $197M | $310M | $239M | $123M |
| Total liabilities | $5.1M | $7.8M | $43.2M | $57.2M | $52.4M |
| Shareholders' equity | $225M | $189M | $267M | $182M | $70.4M |
| Net debt (β = net cash) | β | β$178M | β$213M | β$142M | β$85.7M |
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Return on capital, equity and assets (annual)
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
KIRA summarises the numbers
Acumen Pharmaceuticals, Inc. passes 1 of 7 financial health tests (Piotroski F-score).
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β |
| F-score | β / 3 | β / 5 | β / 6 | 2 / 7 | 1 / 7 | 1 / 7 |
| Accruals ratio | 0.3% | β60.2% | β3.6% | β3.7% | β5.9% | β3.2% |
| Altman Z'' | β | 49.07 | 26.76 | 7.77 | β0.17 | β12.29 |
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Research and development | $8.0M | $12.3M | $32.4M | $42.3M | $93.8M | $105M |
| Operating income | β$7.9M | β$19.6M | β$45.2M | β$61.1M | β$114M | β$124M |
| Interest expense | β | β | $0.0M | $0.6M | $4.1M | $4.2M |
| Income tax | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Net income | β$7.3M | β$101M | β$42.9M | β$52.4M | β$102M | β$121M |
| Diluted EPS | β$17.48 | β$5.02 | β$1.06 | β$1.08 | β$1.71 | β$2.00 |
| Diluted shares | 0.00B | 0.02B | 0.04B | 0.05B | 0.06B | 0.06B |
| Cash flow | ||||||
| Cash from operations | β$7.5M | β$18.0M | β$35.2M | β$43.1M | β$86.2M | β$116M |
| Capital expenditure | β | $0.0M | $0.2M | $0.0M | $0.0M | $0.1M |
| Free cash flow | β | β$18.0M | β$35.3M | β$43.1M | β$86.2M | β$116M |
| Depreciation and amortization | β | $0.0M | $0.0M | $0.1M | $0.1M | $0.1M |
| Stock-based compensation | $0.2M | $0.9M | $3.1M | $6.1M | $9.6M | $9.9M |
| Balance sheet | ||||||
| Cash and short-term investments | $43.8M | $194M | $178M | $244M | $172M | $117M |
| Total debt | β | β | $0.0M | $29.9M | $29.4M | $31.2M |
| Finance lease liabilities | β | β | β | $0.8M | β | β |
| Current assets | $44.4M | $199M | $180M | $247M | $178M | $122M |
| Current liabilities | β | $5.1M | $7.8M | $13.0M | $27.6M | $30.0M |
| Property and equipment, net | β | $0.0M | $0.2M | $0.1M | $0.1M | $0.1M |
| Total assets | $44.4M | $230M | $197M | $310M | $239M | $123M |
| Total liabilities | $6.4M | $5.1M | $7.8M | $43.2M | $57.2M | $52.4M |
| Preferred stock | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | β$18.6M | $225M | $189M | $267M | $182M | $70.4M |
| Returns | ||||||
| Return on capital | β | β | β319.9% | β90.5% | β227.0% | β |
| Return on capital employed | β | β8.7% | β24.0% | β20.6% | β53.9% | β133.4% |
| Return on equity | β | β97.4% | β20.7% | β23.0% | β45.6% | β96.2% |
| Return on assets | β16.5% | β73.2% | β20.1% | β20.7% | β37.3% | β67.1% |
| Return on tangible equity | β | β44.7% | β22.7% | β19.6% | β56.3% | β172.3% |
| Growth | ||||||
| Share count change | β | 4,685.9% | 102.4% | 19.7% | 23.5% | 0.9% |
| Financial health | ||||||
| Debt / equity | β | β | 0.0x | 0.1x | 0.2x | 0.4x |
| Interest coverage | β | β | β | β105.2x | β28.0x | β29.3x |
| Current ratio | β | 38.6x | 23.1x | 19.0x | 6.5x | 4.1x |
| Quick ratio | β | 38.6x | 23.1x | 19.0x | 6.5x | 4.1x |
| Quality scores | ||||||
| Piotroski F-score | β | β | β | 2.0 | 1.0 | 1.0 |
| Altman Z'' | β | 49.1 | 26.8 | 7.8 | β0.2 | β12.3 |
| Accruals ratio | 0.3% | β60.2% | β3.6% | β3.7% | β5.9% | β3.2% |
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
Source: SEC EDGAR XBRL filings (CIK 0001576885). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.