Larimar Therapeutics Inc Financials
This page shows Larimar Therapeutics Inc (LRMR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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
Larimar Therapeutics Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Larimar Therapeutics Inc generates $0.88 in operating cash flow (-$70.8M OCF vs -$80.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Larimar Therapeutics Inc's EBITDA was -$90.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 118.5% from the prior year.
Larimar Therapeutics Inc generated -$71.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 112.0% from the prior year.
Larimar Therapeutics Inc reported -$80.6M in net income in fiscal year 2024. This represents a decrease of 118.1% from the prior year.
Larimar Therapeutics Inc earned $-1.32 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 57.1% from the prior year.
Larimar Therapeutics Inc held $33.2M in cash against $0 in long-term debt as of fiscal year 2024.
Larimar Therapeutics Inc had 64M shares outstanding in fiscal year 2024. This represents an increase of 45.3% from the prior year.
Larimar Therapeutics Inc invested $73.3M in research and development in fiscal year 2024. This represents an increase of 164.8% from the prior year.
Larimar Therapeutics Inc invested $515K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 214.0% from the prior year.
LRMR Income Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| 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 | $44.9M+222.8% | $13.9M | N/A | $6.6M | N/A | $5.6M | N/A | $14.0M |
| SG&A Expenses | $4.6M+5.1% | $4.3M | N/A | $3.8M | N/A | $2.9M | N/A | $2.7M |
| Operating Income | -$49.5M-171.0% | -$18.3M | N/A | -$10.3M | N/A | -$8.5M | N/A | -$16.7M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$47.7M-207.8% | -$15.5M | N/A | -$9.1M | N/A | -$8.3M | N/A | -$16.8M |
| EPS (Diluted) | $-0.61-154.2% | $-0.24 | N/A | $-0.21 | N/A | $-0.37 | N/A | $-0.92 |
LRMR Balance Sheet
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $187.3M-6.4% | $200.2M+108.7% | $95.9M-7.7% | $104.0M-17.8% | $126.4M-5.0% | $133.0M+69.1% | $78.7M-10.5% | $87.9M |
| Current Assets | $183.2M-6.2% | $195.3M+116.6% | $90.2M-8.4% | $98.5M-18.4% | $120.7M-5.0% | $127.1M+76.1% | $72.2M-11.1% | $81.3M |
| Cash & Equivalents | $90.1M+171.4% | $33.2M+24.2% | $26.7M-30.9% | $38.7M+44.3% | $26.8M-68.8% | $86.0M+22.8% | $70.1M-2.0% | $71.5M |
| 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 | $48.3M+70.0% | $28.4M+99.9% | $14.2M+26.5% | $11.2M-27.5% | $15.5M+8.0% | $14.4M+0.7% | $14.3M-10.2% | $15.9M |
| Current Liabilities | $45.1M+85.2% | $24.4M+156.2% | $9.5M+45.0% | $6.6M-38.7% | $10.7M+13.6% | $9.4M+6.5% | $8.8M-14.2% | $10.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $139.0M-19.1% | $171.8M+110.2% | $81.7M-11.9% | $92.7M-16.4% | $110.9M-6.5% | $118.7M+84.2% | $64.4M-10.6% | $72.1M |
| Retained Earnings | -$372.3M-38.3% | -$269.2M-42.7% | -$188.6M-7.4% | -$175.6M-15.8% | -$151.6M-6.6% | -$142.2M-22.3% | -$116.3M-8.5% | -$107.1M |
LRMR Cash Flow Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$19.4M+11.2% | -$21.8M-133.5% | -$9.3M-1.6% | -$9.2M-37.9% | -$6.7M-13.5% | -$5.9M+25.8% | -$7.9M+35.1% | -$12.2M |
| Capital Expenditures | $23K-87.2% | $179K | N/A | N/A | $0 | $0-100.0% | $9K-96.9% | $293K |
| Free Cash Flow | -$19.4M+11.8% | -$22.0M | N/A | N/A | -$6.7M-13.5% | -$5.9M+25.8% | -$7.9M+36.5% | -$12.5M |
| Investing Cash Flow | $18.8M-1.8% | $19.2M+830.2% | -$2.6M+94.3% | -$46.4M+11.1% | -$52.2M-1443.6% | -$3.4M-152.1% | $6.5M+195.6% | -$6.8M |
| Financing Cash Flow | N/A | $36K | $0 | N/A | -$316K | N/A | $0 | N/A |
| 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 |
LRMR Financial Ratios
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -25.5%-18.4pp | -7.1% | N/A | -8.7% | N/A | -6.3% | N/A | -19.1% |
| Current Ratio | 4.06-4.0 | 8.02-1.5 | 9.49-5.5 | 15.02+3.7 | 11.28-2.2 | 13.50+5.3 | 8.16+0.3 | 7.88 |
| Debt-to-Equity | 0.35+0.2 | 0.170.0 | 0.17+0.1 | 0.12-0.0 | 0.14+0.0 | 0.12-0.1 | 0.220.0 | 0.22 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is Larimar Therapeutics Inc profitable?
No, Larimar Therapeutics Inc (LRMR) reported a net income of -$80.6M in fiscal year 2024.
What is Larimar Therapeutics Inc's earnings per share (EPS)?
Larimar Therapeutics Inc (LRMR) reported diluted earnings per share of $-1.32 for fiscal year 2024. This represents a -57.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Larimar Therapeutics Inc's EBITDA?
Larimar Therapeutics Inc (LRMR) had EBITDA of -$90.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Larimar Therapeutics Inc's free cash flow?
Larimar Therapeutics Inc (LRMR) generated -$71.3M in free cash flow during fiscal year 2024. This represents a -112.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Larimar Therapeutics Inc's operating cash flow?
Larimar Therapeutics Inc (LRMR) generated -$70.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Larimar Therapeutics Inc's total assets?
Larimar Therapeutics Inc (LRMR) had $200.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Larimar Therapeutics Inc's capital expenditures?
Larimar Therapeutics Inc (LRMR) invested $515K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Larimar Therapeutics Inc spend on research and development?
Larimar Therapeutics Inc (LRMR) invested $73.3M in research and development during fiscal year 2024.
How many shares does Larimar Therapeutics Inc have outstanding?
Larimar Therapeutics Inc (LRMR) had 64M shares outstanding as of fiscal year 2024.
What is Larimar Therapeutics Inc's current ratio?
Larimar Therapeutics Inc (LRMR) had a current ratio of 8.02 as of fiscal year 2024, which is generally considered healthy.
What is Larimar Therapeutics Inc's debt-to-equity ratio?
Larimar Therapeutics Inc (LRMR) had a debt-to-equity ratio of 0.17 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Larimar Therapeutics Inc's return on assets (ROA)?
Larimar Therapeutics Inc (LRMR) had a return on assets of -40.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Larimar Therapeutics Inc's cash runway?
Based on fiscal year 2024 data, Larimar Therapeutics Inc (LRMR) had $33.2M in cash against an annual operating cash burn of $70.8M. This gives an estimated cash runway of approximately 6 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.
What is Larimar Therapeutics Inc's Piotroski F-Score?
Larimar Therapeutics Inc (LRMR) has a Piotroski F-Score of 1 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Larimar Therapeutics Inc's earnings high quality?
Larimar Therapeutics Inc (LRMR) has an earnings quality ratio of 0.88x, 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.