Relmada Therapeutics (RLMD)
Market Price (12/18/2025): $4.005 | Market Cap: $132.9 MilSector: Health Care | Industry: Biotechnology
Relmada Therapeutics (RLMD)
Market Price (12/18/2025): $4.005Market Cap: $132.9 MilSector: Health CareIndustry: Biotechnology
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Megatrend and thematic driversMegatrends include Neurological & Psychiatric Health, and Precision Medicine. Themes include Depression & Mood Disorder Therapies, CNS Drug Development, Show more. | Weak multi-year price returns3Y Excs Rtn is -50% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -58 Mil | ||
| Stock price has recently run up significantly6M Rtn6 month market price return is 473%, 12M Rtn12 month market price return is 1009% | ||
| High stock price volatilityVol 12M is 153% | ||
| Key risksRLMD key risks include [1] repeated Phase 3 clinical trial failures of its lead candidate, Show more. |
| Megatrend and thematic driversMegatrends include Neurological & Psychiatric Health, and Precision Medicine. Themes include Depression & Mood Disorder Therapies, CNS Drug Development, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -50% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -58 Mil |
| Stock price has recently run up significantly6M Rtn6 month market price return is 473%, 12M Rtn12 month market price return is 1009% |
| High stock price volatilityVol 12M is 153% |
| Key risksRLMD key risks include [1] repeated Phase 3 clinical trial failures of its lead candidate, Show more. |
Valuation, Metrics & Events
RLMD Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are the key points explaining the significant stock movement for Relmada Therapeutics (RLMD) from approximately August 31, 2025, to December 18, 2025:
1. Continued Positive Clinical Data for NDV-01: Relmada Therapeutics sustained positive momentum with its lead candidate, NDV-01, for non-muscle invasive bladder cancer (NMIBC). Following impressive 6-month follow-up data reported on August 7, 2025, showing a 91% complete response rate, the company further announced positive 9-month follow-up data on November 13, 2025, demonstrating a 92% complete response rate. These consistent and strong results significantly bolstered confidence in the drug's efficacy.
2. Favorable FDA Regulatory Alignment: A major catalyst was the positive feedback received from the FDA. On November 4, 2025, Relmada announced that the FDA provided clarity and support for two separate acceptable registrational study paths for NDV-01. This regulatory alignment, further detailed in the Q3 2025 financial results on November 13, 2025, with secured FDA alignment on key elements of its Phase 3 program, de-risked the development pathway and provided a clear route toward potential market approval.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RLMD Return | -18% | -30% | -85% | 19% | -87% | 765% | -88% |
| Peers Return | � | � | � | � | � | � | � |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| RLMD Win Rate | 50% | 50% | 50% | 50% | 33% | 67% | |
| Peers Win Rate | � | � | � | � | � | � | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| RLMD Max Drawdown | -39% | -47% | -90% | -36% | -91% | -52% | |
| Peers Max Drawdown | � | � | � | � | � | � | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: VRTX, ACSB, AIXC, ALPS, APRI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/17/2025 (YTD)
How Low Can It Go
| Event | RLMD | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -94.5% | -25.4% |
| % Gain to Breakeven | 1710.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -52.6% | -33.9% |
| % Gain to Breakeven | 110.8% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -37.5% | -19.8% |
| % Gain to Breakeven | 60.1% | 24.7% |
| Time to Breakeven | 49 days | 120 days |
Compare to VRTX, ACSB, AIXC, ALPS, APRI
In The Past
Relmada Therapeutics's stock fell -94.5% during the 2022 Inflation Shock from a high on 1/12/2021. A -94.5% loss requires a 1710.1% gain to breakeven.
Preserve Wealth
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Asset Allocation
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Trade Ideas
Select past ideas related to RLMD. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11142025 | CRL | Charles River Laboratories International | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 16.8% | 16.8% | -3.7% |
| 11142025 | GDRX | GoodRx | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -6.4% | -6.4% | -11.8% |
| 11142025 | ASTH | Astrana Health | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.2% | 5.2% | -5.5% |
| 11142025 | SGRY | Surgery Partners | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 3.4% | 3.4% | -1.4% |
| 11072025 | TFX | Teleflex | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 14.4% | 14.4% | -5.1% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11142025 | CRL | Charles River Laboratories International | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 16.8% | 16.8% | -3.7% |
| 11142025 | GDRX | GoodRx | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -6.4% | -6.4% | -11.8% |
| 11142025 | ASTH | Astrana Health | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.2% | 5.2% | -5.5% |
| 11142025 | SGRY | Surgery Partners | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 3.4% | 3.4% | -1.4% |
| 11072025 | TFX | Teleflex | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 14.4% | 14.4% | -5.1% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Relmada Therapeutics
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 3.43 |
| Mkt Cap | 57.5 |
| Rev LTM | 0 |
| Op Inc LTM | -58 |
| FCF LTM | -7 |
| FCF 3Y Avg | -8 |
| CFO LTM | -7 |
| CFO 3Y Avg | -8 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.3% |
| Rev Chg 3Y Avg | 10.5% |
| Rev Chg Q | 11.0% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Mgn LTM | -0.8% |
| Op Mgn 3Y Avg | 26.2% |
| QoQ Delta Op Mgn LTM | 1.0% |
| CFO/Rev LTM | 31.7% |
| CFO/Rev 3Y Avg | 23.1% |
| FCF/Rev LTM | 28.5% |
| FCF/Rev 3Y Avg | 19.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 57.5 |
| P/S | 8.5 |
| P/EBIT | 22.4 |
| P/E | 13.0 |
| P/CFO | 12.6 |
| Total Yield | -40.3% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.3% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.6% |
| 3M Rtn | 90.8% |
| 6M Rtn | 236.6% |
| 12M Rtn | 502.2% |
| 3Y Rtn | 33.2% |
| 1M Excs Rtn | 2.8% |
| 3M Excs Rtn | 78.2% |
| 6M Excs Rtn | 224.2% |
| 12M Excs Rtn | 483.7% |
| 3Y Excs Rtn | -37.8% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/13/2025 | 1.8% | 11.3% | |
| 8/7/2025 | -2.4% | 0.9% | 165.8% |
| 3/27/2025 | -0.4% | -7.4% | 19.8% |
| 3/19/2024 | -17.4% | -12.7% | -19.9% |
| 11/8/2023 | -0.3% | 1.0% | -14.7% |
| 8/8/2023 | 7.1% | 34.3% | 39.8% |
| 3/23/2023 | -2.2% | -3.4% | 8.2% |
| 11/10/2022 | 8.7% | 2.7% | -42.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 4 | 7 | 6 |
| # Negative | 6 | 3 | 4 |
| Median Positive | 7.3% | 2.7% | 14.0% |
| Median Negative | -2.3% | -7.4% | -19.9% |
| Max Positive | 8.7% | 34.3% | 165.8% |
| Max Negative | -17.4% | -12.7% | -42.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11132025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5122025 | 10-Q 3/31/2025 |
| 12312024 | 3272025 | 10-K 12/31/2024 |
| 9302024 | 11072024 | 10-Q 9/30/2024 |
| 6302024 | 8072024 | 10-Q 6/30/2024 |
| 3312024 | 5082024 | 10-Q 3/31/2024 |
| 12312023 | 3192024 | 10-K 12/31/2023 |
| 9302023 | 11082023 | 10-Q 9/30/2023 |
| 6302023 | 8082023 | 10-Q 6/30/2023 |
| 3312023 | 5112023 | 10-Q 3/31/2023 |
| 12312022 | 3232023 | 10-K 12/31/2022 |
| 9302022 | 11102022 | 10-Q 9/30/2022 |
| 6302022 | 8112022 | 10-Q 6/30/2022 |
| 3312022 | 5052022 | 10-Q 3/31/2022 |
| 12312021 | 3252022 | 10-K 12/31/2021 |
Industry Resources
External Quote Links
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