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CervoMed Inc

cervomed.com

What Do They Do?

Develops an investigational drug for dementia with Lewy bodies and other age-related brain disorders.

How Do They Make Money?

Government grants reimburse allowable costs for funded research projects; the NIA grant is paid in installments, and grant revenue is earned as qualifying costs are incurred.

FY2025 revenue

Who Are Their Customers?

Government agencies fund research through grants that reimburse allowable costs on funded projects.

Do Revenues Turn Into Profits?

No. It lost $27M in FY2025.

Operating income, FY2025
−706% of revenue
▲ +55% (Loss) vs FY2024 (−$18.2M, −187%)
Net income, FY2025
−673% of revenue
▲ +66% (Loss) vs FY2024 (−$16.3M, −167%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −100%
vs $1.8M in Q2 FY2025
Net income
▲ +5% (Loss)
vs −$6.3M in Q2 FY2025

From oxygen delivery to brain disorders The older report focused on TSC, a candidate intended to improve oxygen delivery, while the latest centers on neflamapimod for age-related brain disorders.

Who Do They Compete With?

Competes with Cognition Therapeutics

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