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ATAI Life Sciences (ATAI)
NASDAQ:ATAI
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ATAI Life Sciences (ATAI) AI Stock Analysis

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ATAI

ATAI Life Sciences

(NASDAQ:ATAI)

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Neutral 41 (OpenAI - 4o)
Rating:41Neutral
Price Target:
$4.50
▲(3.21% Upside)
ATAI Life Sciences' overall stock score is primarily impacted by its weak financial performance, characterized by ongoing losses and negative cash flows. The technical analysis indicates a bearish trend, and the valuation is unattractive due to a negative P/E ratio. These factors collectively contribute to a low overall stock score.
Positive Factors
Strategic Combination
The strategic combination with Beckley Psytech enhances ATAI's scientific and clinical expertise, potentially accelerating drug development and expanding its pipeline, which could lead to stronger market positioning and long-term growth in the mental health treatment sector.
Low Leverage
ATAI's low leverage indicates prudent financial management, providing the company with greater flexibility to invest in R&D and strategic initiatives without the burden of high debt, supporting long-term operational stability.
Experienced Leadership
The leadership team, with extensive experience in relevant fields, is well-positioned to drive innovation and navigate the complexities of drug development, enhancing ATAI's ability to achieve its strategic goals in the mental health sector.
Negative Factors
Negative Cash Flows
Persistent negative cash flows highlight inefficiencies in cash management and reliance on external financing, which could limit ATAI's ability to sustain operations and invest in growth initiatives over the long term.
Ongoing Losses
Continued financial losses and stagnant revenue growth indicate challenges in achieving profitability, which may hinder ATAI's ability to fund R&D and expand its market presence, posing a risk to its long-term viability.
Dependence on External Funding
ATAI's reliance on external funding for financial sustainability exposes it to risks of funding availability and terms, potentially affecting its capacity to execute strategic plans and maintain operational continuity in the long run.

ATAI Life Sciences (ATAI) vs. SPDR S&P 500 ETF (SPY)

ATAI Life Sciences Business Overview & Revenue Model

Company DescriptionAtai Life Sciences N.V., through its subsidiary, ATAI Life Sciences AG, operates as a clinical-stage biopharmaceutical company. It engages in developing various therapeutic candidates that focuses on various mental health disorders. The company's therapeutic candidates include PCN-101, a subcutaneous formulation of R-ketamine for the treatment of treatment-resistant depression (TRD); RL-007, a cholinergic, glutamatergic, and GABA-B receptor modulator to treat cognitive impairment associated with schizophrenia; DMX-1002, an oral formulation of ibogaine for treating opioid use disorder (OUD); GRX-917, an oral formulation of a deuterated version of etifoxine for the generalized anxiety disorder treatment; and NN-101, a novel intranasal formulation of N-acetylcysteine to treat mild traumatic brain injuries. Its therapeutic candidates also comprise VLS-01, a formulation of N,N-dimethyltryptamine for treating TRD; EMP-01, an oral formulation of an 3,4-methyl enedioxy methamphetamine for the treatment of post-traumatic stress disorder; RLS-01, a formulation of Salvinorin A for TRD; KUR-101, an oral formulation of deuterated mitragynine to treat OUD; and DMX-1001, an oral formulation of noribogaine for the treatment of OUD. The company was formerly known as Adripa Holding B.V. Atai Life Sciences N.V. was founded in 2018 and is headquartered in Berlin, Germany.
How the Company Makes MoneyATAI Life Sciences generates revenue primarily through the development and commercialization of its therapeutic products. The company partners with pharmaceutical firms, research institutions, and other stakeholders to co-develop its drug candidates, which can lead to milestone payments and royalties upon successful commercialization. Additionally, ATAI may receive funding from grants or investments aimed at supporting its research initiatives. Strategic partnerships with larger pharmaceutical companies can also provide substantial financial backing, facilitating further research and development while sharing potential profits from successful product launches.

ATAI Life Sciences Financial Statement Overview

Summary
ATAI Life Sciences faces significant financial challenges, marked by ongoing losses and a lack of revenue growth. The company maintains a low leverage position, but its persistent negative cash flows and earnings pose substantial risks. Financial sustainability relies heavily on external funding.
Income Statement
25
Negative
ATAI Life Sciences has consistently faced challenges with profitability, as indicated by negative EBIT and net income figures across all reported years. The absence of revenue growth further underscores the company's struggle to generate revenue. The gross profit remained negative or negligible, pointing towards significant cost pressures and lack of revenue generation capabilities.
Balance Sheet
40
Negative
The company's balance sheet shows a high level of equity in comparison to its total assets, with an improving trend in stockholders' equity, despite negative earnings. The debt-to-equity ratio is relatively low, suggesting conservative leverage use. However, the continued accumulation of losses poses a risk to financial stability over time.
Cash Flow
35
Negative
ATAI Life Sciences has struggled to generate positive cash flows, with negative operating and free cash flows reported consistently. The cash flow to net income ratios indicate inefficiencies in cash management. The company's ability to sustain operations heavily depends on external financing, evident from periodic positive financing cash flows.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.31M308.00K314.00K233.00K20.38M0.00
Gross Profit2.31M308.00K314.00K65.00K20.33M-24.00K
EBITDA-115.81M-145.33M-36.31M-135.01M-120.28M-92.12M
Net Income-119.40M-149.27M-40.22M-141.41M-132.61M-102.12M
Balance Sheet
Total Assets189.20M159.39M293.48M305.44M414.17M111.55M
Cash, Cash Equivalents and Short-Term Investments95.94M62.33M179.26M273.11M362.27M97.25M
Total Debt9.22M24.71M19.14M15.12M743.00K2.18M
Total Liabilities45.28M42.83M49.16M300.42M28.21M16.18M
Stockholders Equity143.74M116.30M242.96M260.74M376.91M90.82M
Cash Flow
Free Cash Flow-80.79M-82.53M-84.71M-105.49M-64.37M-20.82M
Operating Cash Flow-75.57M-82.44M-84.12M-104.47M-63.25M-20.77M
Investing Cash Flow30.17M59.17M-53.30M-86.85M-81.28M-28.27M
Financing Cash Flow72.41M5.37M-8.36M20.79M409.86M113.05M

ATAI Life Sciences Technical Analysis

Technical Analysis Sentiment
Negative
Last Price4.36
Price Trends
50DMA
5.23
Negative
100DMA
4.32
Positive
200DMA
3.03
Positive
Market Momentum
MACD
-0.16
Positive
RSI
34.78
Neutral
STOCH
7.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATAI, the sentiment is Negative. The current price of 4.36 is below the 20-day moving average (MA) of 5.60, below the 50-day MA of 5.23, and above the 200-day MA of 3.03, indicating a neutral trend. The MACD of -0.16 indicates Positive momentum. The RSI at 34.78 is Neutral, neither overbought nor oversold. The STOCH value of 7.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ATAI.

ATAI Life Sciences Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
$1.19B5.78799.36%
58
Neutral
$4.31B-13.04-75.20%364.98%-25.33%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
49
Neutral
$1.03B-180.24%-32.79%36.87%
49
Neutral
$1.25B-171.41%-14.98%-51.76%
43
Neutral
$1.22B-43.82%-7.33%
41
Neutral
$1.13B
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ATAI
ATAI Life Sciences
4.36
2.95
209.22%
NKTR
Nektar Therapeutics
55.97
34.97
166.52%
WVE
Wave Life Sciences
7.86
-8.58
-52.19%
ORIC
Oric Pharmaceuticals
12.35
2.09
20.37%
CVAC
CureVac
5.21
2.37
83.45%
PRAX
Praxis Precision Medicines
168.22
90.34
116.00%

ATAI Life Sciences Corporate Events

Regulatory Filings and Compliance
ATAI Life Sciences Files Prospectus for Share Resale
Neutral
Nov 5, 2025

On November 5, 2025, Atai Beckley N.V. filed a prospectus supplement with the SEC related to the resale of 5,316,238 common shares. This action is part of fulfilling registration rights granted during the acquisition of Beckley Psytech Limited, impacting the company’s share distribution and potentially its market standing.

The most recent analyst rating on (ATAI) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on ATAI Life Sciences stock, see the ATAI Stock Forecast page.

Business Operations and StrategyM&A Transactions
ATAI Life Sciences Completes Acquisition of Beckley Psytech
Positive
Nov 5, 2025

On November 5, 2025, Atai Beckley N.V. completed its acquisition of Beckley Psytech Limited, resulting in a strategic combination to form AtaiBeckley, a global leader in transformative mental health therapies. The acquisition, approved by 98% of shareholders, brings together a robust pipeline of investigational treatments, including a Phase 3-ready asset, BPL-003, and positions the company to potentially transform the treatment landscape for serious mental health conditions. The company is well-financed to fund operations through 2029 and has a strong leadership team in place to execute its mission.

The most recent analyst rating on (ATAI) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on ATAI Life Sciences stock, see the ATAI Stock Forecast page.

Business Operations and StrategyM&A TransactionsShareholder Meetings
ATAI Life Sciences Approves Beckley Psytech Acquisition
Positive
Nov 4, 2025

On November 4, 2025, ATAI Life Sciences held an extraordinary general meeting to discuss the acquisition of Beckley Psytech Limited and the company’s redomiciliation to Delaware. Shareholders approved several proposals, including the acquisition, issuance of shares, and appointment of new directors, indicating strong support for the company’s strategic moves. The completion of the redomiciliation is still subject to certain conditions.

The most recent analyst rating on (ATAI) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on ATAI Life Sciences stock, see the ATAI Stock Forecast page.

Private Placements and Financing
ATAI Life Sciences Closes $149.5 Million Public Offering
Positive
Oct 21, 2025

On October 20, 2025, atai Life Sciences announced the successful closing of its public offering of 27,283,750 common shares, raising approximately $149.5 million. The proceeds, along with existing cash resources, will fund the advancement of clinical trials for its product candidates, including the Phase 3 program for BPL-003 and Phase 2 trials for VLS-01 and EMP-01. This financing is expected to support operations into 2029, reflecting strong investor confidence in atai’s mission to transform mental health treatment.

The most recent analyst rating on (ATAI) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on ATAI Life Sciences stock, see the ATAI Stock Forecast page.

Product-Related AnnouncementsRegulatory Filings and Compliance
ATAI Life Sciences’ BPL-003 Receives FDA Breakthrough Designation
Positive
Oct 16, 2025

On October 16, 2025, atai Life Sciences and Beckley Psytech announced that the U.S. FDA granted Breakthrough Therapy designation to BPL-003, an intranasal formulation for treatment-resistant depression. This designation, following positive Phase 2b trial results, highlights BPL-003’s potential to significantly improve depressive symptoms rapidly and durably, fitting into existing treatment paradigms. The designation is expected to expedite the development and regulatory review process, positioning BPL-003 for Phase 3 trials in 2026, and underscores the potential impact on patients and the mental health treatment landscape.

The most recent analyst rating on (ATAI) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on ATAI Life Sciences stock, see the ATAI Stock Forecast page.

M&A Transactions
ATAI Life Sciences to Acquire Beckley Psytech
Neutral
Oct 10, 2025

ATAI Life Sciences N.V. has announced a share purchase agreement dated June 2, 2025, to acquire the remaining issued share capital of Beckley Psytech Limited, a company based in England and Wales. The transaction is expected to close in the fourth quarter of 2025, pending shareholder approval and other conditions. This acquisition could potentially enhance ATAI’s position in the mental health treatment industry, although there are risks related to the completion and benefits realization of the transaction.

The most recent analyst rating on (ATAI) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on ATAI Life Sciences stock, see the ATAI Stock Forecast page.

M&A Transactions
ATAI Life Sciences to Acquire Beckley Psytech Shares
Neutral
Sep 29, 2025

ATAI Life Sciences announced a share purchase agreement dated June 2, 2025, to acquire the remaining shares of Beckley Psytech Limited, a company based in England and Wales. The transaction is expected to close in the fourth quarter of 2025, pending shareholder approval and other customary conditions, potentially impacting ATAI’s market position and operational capabilities.

The most recent analyst rating on (ATAI) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on ATAI Life Sciences stock, see the ATAI Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
ATAI Life Sciences Announces Positive Phase 2a Study Results
Positive
Sep 23, 2025

On September 23, 2025, ATAI Life Sciences and Beckley Psytech announced positive results from a Phase 2a study of BPL-003, an intranasal formulation for treatment-resistant depression. The study demonstrated that a two-dose regimen of BPL-003 led to significant reductions in depression scores and improved remission rates, with sustained effects and a strong safety profile. These findings support further development and regulatory discussions for Phase 3 trials, potentially enhancing ATAI’s position in the mental health treatment industry.

The most recent analyst rating on (ATAI) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on ATAI Life Sciences stock, see the ATAI Stock Forecast page.

Atai Life Sciences Reports Q2 2025 Financial Results
Aug 15, 2025

Atai Life Sciences N.V. is a clinical-stage biopharmaceutical company focused on developing innovative treatments for mental health disorders, leveraging both psychedelic and non-psychedelic compounds. The company recently released its earnings report for the quarter ending June 30, 2025, highlighting its ongoing efforts in advancing its diverse pipeline of psychiatric product candidates.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 06, 2025