BioXcel Therapeutics (BTAI) Debt to Equity (2018 - 2026)

BioXcel Therapeutics (BTAI) recorded quarterly Debt to Equity of -$0.95 in Q1 2026, up 17.23% quarter-over-quarter from -$1.15 in Q4 2025, and up 18.8% on a YoY basis from -$0.8 in Q1 2025.

BioXcel Therapeutics (BTAI) Debt to Equity (2018 - 2026) Analysis & Trends

BioXcel Therapeutics' Debt to Equity history runs 9 years deep, the most recent figure standing at -$0.95 for Q1 2026.

  • In Q1 2026, Debt to Equity rose 18.8% year-over-year to -$0.95; the TTM figure through Mar 2026 stood at -$0.95 (up 18.8% YoY), while the FY2025 annual figure was -$1.15, down 4.27% from the prior year.
  • Debt to Equity was -$0.95 for Q1 2026 at BioXcel Therapeutics, up from -$1.15 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $16.66 in Q2 2023 to a low of -$2.46 in Q3 2023.
  • Historically, Debt to Equity has averaged $0.35 across 5 years, with a median of -$1.1 in 2024.
  • Biggest YoY gain for Debt to Equity was 623751.42% in 2023; the steepest drop was 439.44% in 2023.
  • A 5-year view of Debt to Equity shows it stood at $1.22 in 2022, then plunged by 246.22% to -$1.78 in 2023, then jumped by 38.15% to -$1.1 in 2024, then slipped by 4.27% to -$1.15 in 2025, then rose by 17.23% to -$0.95 in 2026.
  • The last three Debt to Equity figures came in at -$0.95 (Q1 2026), -$1.15 (Q4 2025), and -$1.23 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 2.02
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 2.80
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn -
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn 0.01
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn -
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 0.61
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn 0.86
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn -
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 0.47
10 BioXcel Therapeutics 25.46 Mn 25.46 Mn -77,000.00 -0.95

Historic Data

Download Data
DateValue
Mar 31, 2026 -0.95
Dec 31, 2025 -1.15
Sep 30, 2025 -1.23
Jun 30, 2025 -1.01
Mar 31, 2025 -1.17
Dec 31, 2024 -1.10
Sep 30, 2024 -1.22
Jun 30, 2024 -1.39
Mar 31, 2024 -1.40
Dec 31, 2023 -1.78
Sep 30, 2023 -2.46
Jun 30, 2023 16.66
Mar 31, 2023 1.80
Dec 31, 2022 1.22
Sep 30, 2022 0.72
Jun 30, 2022 0.37
Mar 31, 2022 0.00
Dec 31, 2021 0.00
Sep 30, 2021 0.00
Jun 30, 2021 0.00