Compass Pathways Plc Financials
This page shows Compass Pathways Plc (CMPS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Compass Pathways Plc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Compass Pathways Plc carries a low D/E ratio of -0.27, meaning only $-0.27 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
Compass Pathways Plc's current ratio of 0.77 is below the typical benchmark, resulting in a score of 10/100. However, the company holds substantial cash reserves (60% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Compass Pathways Plc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Compass Pathways Plc generates $0.58 in operating cash flow (-$157.2M OCF vs -$269.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Compass Pathways Plc earns $-39.8 in operating income for every $1 of interest expense (-$179.0M vs $4.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Compass Pathways Plc's EBITDA was -$178.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.5% from the prior year.
Compass Pathways Plc reported -$269.8M in net income in fiscal year 2025. This represents a decrease of 73.9% from the prior year.
Compass Pathways Plc earned $-3.08 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 33.9% from the prior year.
Cash & Balance Sheet
Compass Pathways Plc held $149.6M in cash against $14.1M in long-term debt as of fiscal year 2025.
Compass Pathways Plc had 96M shares outstanding in fiscal year 2025. This represents an increase of 40.2% from the prior year.
Margins & Returns
Capital Allocation
Compass Pathways Plc invested $118.4M in research and development in fiscal year 2025. This represents a decrease of 0.5% from the prior year.
CMPS Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | $27.3M-9.9% | $30.3M-1.8% | $30.9M | N/A | $32.9M+13.3% | $29.1M+16.7% | $24.9M |
| SG&A Expenses | N/A | $13.2M+4.8% | $12.6M-32.7% | $18.7M | N/A | $15.0M+5.0% | $14.3M+4.2% | $13.7M |
| Operating Income | N/A | -$40.5M+5.6% | -$42.9M+13.5% | -$49.6M | N/A | -$47.9M-10.6% | -$43.3M-12.3% | -$38.6M |
| Interest Expense | N/A | $1.1M-4.0% | $1.2M+27.9% | $900K | N/A | $1.1M+2.2% | $1.1M+1.3% | $1.1M |
| Income Tax | N/A | -$230K-267.9% | $137K-61.3% | $354K | N/A | $173K-1.7% | $176K-20.7% | $222K |
| Net Income | N/A | -$137.7M-258.6% | -$38.4M-115.0% | -$17.9M | N/A | -$38.5M-1.1% | -$38.1M-8.3% | -$35.2M |
| EPS (Diluted) | N/A | $-1.44-251.2% | $-0.41-70.8% | $-0.24 | N/A | $-0.560.0% | $-0.56-1.8% | $-0.55 |
CMPS Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $210.3M-17.7% | $255.6M-12.9% | $293.5M-8.0% | $319.1M+49.4% | $213.7M-13.6% | $247.3M-11.2% | $278.5M-9.9% | $309.0M |
| Current Assets | $191.5M-21.0% | $242.4M-12.3% | $276.4M-9.5% | $305.5M+51.8% | $201.3M-13.9% | $233.7M-11.9% | $265.1M-10.3% | $295.5M |
| Cash & Equivalents | $149.6M-19.5% | $185.9M-16.2% | $221.9M-14.7% | $260.1M+57.6% | $165.1M-20.2% | $207.0M-9.5% | $228.6M-13.0% | $262.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $263.2M+20.7% | $218.0M+66.4% | $131.0M+5.9% | $123.7M+109.7% | $59.0M+8.6% | $54.3M+3.9% | $52.3M+4.9% | $49.8M |
| Current Liabilities | $247.8M+25.5% | $197.4M+530.3% | $31.3M+4.4% | $30.0M-11.8% | $34.0M+29.8% | $26.2M+19.0% | $22.0M+13.5% | $19.4M |
| Long-Term Debt | $14.1M-24.1% | $18.6M-19.0% | $23.0M+6.5% | $21.6M-12.6% | $24.7M-10.8% | $27.6M-6.1% | $29.4M+1.2% | $29.1M |
| Total Equity | -$52.8M-240.6% | $37.6M-76.9% | $162.6M-16.8% | $195.5M+26.4% | $154.7M-19.9% | $193.0M-14.7% | $226.3M-12.7% | $259.2M |
| Retained Earnings | -$822.6M-12.9% | -$728.7M-23.3% | -$591.0M-6.9% | -$552.6M-3.3% | -$534.7M-8.8% | -$491.4M-8.5% | -$452.9M-9.2% | -$414.8M |
CMPS Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$37.8M-7.6% | -$35.1M+9.3% | -$38.7M+15.3% | -$45.7M-9.3% | -$41.8M-88.2% | -$22.2M+35.5% | -$34.4M-65.2% | -$20.8M |
| Capital Expenditures | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$41.8M-88.2% | -$22.2M+35.5% | -$34.4M-65.2% | -$20.8M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 |
| Financing Cash Flow | $187K | $0-100.0% | $166K-99.9% | $140.4M+90454.2% | $155K+392.5% | -$53K-125.2% | $210K-99.7% | $63.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CMPS Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | -366.4%-342.7pp | -23.6%-14.5pp | -9.1% | N/A | -20.0%-3.1pp | -16.8%-3.3pp | -13.6% |
| Return on Assets | N/A | -53.9%-40.8pp | -13.1%-7.5pp | -5.6% | N/A | -15.6%-1.9pp | -13.7%-2.3pp | -11.4% |
| Current Ratio | 0.77-0.5 | 1.23-7.6 | 8.82-1.4 | 10.18+4.3 | 5.92-3.0 | 8.91-3.1 | 12.03-3.2 | 15.23 |
| Debt-to-Equity | -0.27-0.8 | 0.49+0.4 | 0.14+0.0 | 0.11-0.0 | 0.16+0.0 | 0.14+0.0 | 0.13+0.0 | 0.11 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$52.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.77), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Compass Pathways Plc profitable?
No, Compass Pathways Plc (CMPS) reported a net income of -$269.8M in fiscal year 2025.
What is Compass Pathways Plc's EBITDA?
Compass Pathways Plc (CMPS) had EBITDA of -$178.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Compass Pathways Plc have?
As of fiscal year 2025, Compass Pathways Plc (CMPS) had $149.6M in cash and equivalents against $14.1M in long-term debt.
What is Compass Pathways Plc's operating cash flow?
Compass Pathways Plc (CMPS) generated -$157.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Compass Pathways Plc's total assets?
Compass Pathways Plc (CMPS) had $210.3M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Compass Pathways Plc spend on research and development?
Compass Pathways Plc (CMPS) invested $118.4M in research and development during fiscal year 2025.
What is Compass Pathways Plc's current ratio?
Compass Pathways Plc (CMPS) had a current ratio of 0.77 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Compass Pathways Plc's debt-to-equity ratio?
Compass Pathways Plc (CMPS) had a debt-to-equity ratio of -0.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Compass Pathways Plc's return on assets (ROA)?
Compass Pathways Plc (CMPS) had a return on assets of -128.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Compass Pathways Plc's cash runway?
Based on fiscal year 2025 data, Compass Pathways Plc (CMPS) had $149.6M in cash against an annual operating cash burn of $157.2M. This gives an estimated cash runway of approximately 11 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Compass Pathways Plc's debt-to-equity ratio negative or unusual?
Compass Pathways Plc (CMPS) has negative shareholder equity of -$52.8M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Compass Pathways Plc's Piotroski F-Score?
Compass Pathways Plc (CMPS) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Compass Pathways Plc's earnings high quality?
Compass Pathways Plc (CMPS) has an earnings quality ratio of 0.58x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Compass Pathways Plc cover its interest payments?
Compass Pathways Plc (CMPS) has an interest coverage ratio of -39.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Compass Pathways Plc?
Compass Pathways Plc (CMPS) scores 18 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.