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Prime Medicine, Inc.

primemedicine.com

What Do They Do?

Develops gene-editing medicines using its Prime Editing technology for patients with genetic diseases, including liver disorders, cystic fibrosis and blood disorders.

How Do They Make Money?

Partners pay under research collaboration and licensing agreements through upfront fees, expense reimbursements, option and milestone payments, and potentially royalties on licensed-product sales. The company earns revenue over the expected period of work under each agreement.

FY2025 revenue

Who Are Their Customers?

Research and licensing partners contract for rights to research, develop, manufacture and commercialize product candidates.

Do Revenues Turn Into Profits?

No. It lost $201.1M in FY2025.

Operating income, FY2025
−4498% of revenue
▲ +3% (Loss) vs FY2024 (−$202.5M, −6787%)
Net income, FY2025
−4342% of revenue
▲ +3% (Loss) vs FY2024 (−$195.9M, −6567%)
Free cash flow, FY2025
−3607% of revenue
▲ +28% (Loss) vs FY2024 (−$130.2M, −4363%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Net income
▼ −20% (Loss)
vs −$52.6M in Q2 FY2025
  • Jul 8, 2026 Arbitration ruling confirms Prime’s rights to PM647 The tribunal ruled PM647 fell within Prime’s field under its agreement with Beam and denied Beam’s requests for damages and injunctive relief.
  • Apr 16, 2026 Prime Medicine appoints a new chief financial officer Svetlana Makhni was appointed chief financial officer and principal financial officer, effective April 16, 2026.

Portfolio focus The earlier report described programs across blood, liver, eye and ear diseases and other indication groups; the latest centers internal development on in vivo liver editing, alongside cystic fibrosis and partnered ex vivo programs.

Who Do They Compete With?

Competes with CRISPR Therapeutics, Editas Medicine, Intellia Therapeutics, Caribou Biosciences, Beam, Verve Therapeutics, Tessera Therapeutics, Metagenomi Therapeutics, Scribe Therapeutics, Arbor Biotechnologies, Ionis Pharmaceuticals, Alnylam Pharmaceuticals, Sarepta Therapeutics, Wave Life Sciences, Moderna, Ultragenyx, Genetix Biotherapeutics, 4D Molecular Therapeutics, Vertex Pharmaceuticals, and Arrowhead Pharmaceuticals

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