Pliant Therapeutics, Inc. (PLRX) AI Stock Analysis

NASDAQ: PLRXAI research summary: business, growth, valuation, analysts, bull and bear case.

PLRX AI stock analysis summary

AI Research

Pliant Therapeutics, Inc. (PLRX) is a clinical-stage biopharmaceutical company developing novel treatments for fibrosis and related conditions. Over the trailing twelve months, the company generated $0 in revenue with an EPS of -$1.50. It holds $158.1M in cash and short-term investments alongside a net cash position of $129.4M as of June 30, 2026.

Market cap
$55.7M
Revenue (TTM)
$0
P/E
—
1Y return
-45.5%
S&P 500 16.8%
Avg. target
$2.00
122.2% vs last close

Bull case

  • Pliant holds $158.1M in cash and short-term investments as of June 30, 2026, exceeding its market cap of $55.7M.
  • The consensus mean price target of $2.00 indicates potential upside of 122.2% from the last close of $0.90.
  • The company demonstrated operational outperformance by beating analyst EPS estimates in 3 of the last 4 quarters.

Bear case

  • Trailing twelve months revenue stood at $0, and analysts project $0 in revenue for both FY2026 and the subsequent fiscal year.
  • The stock has declined 95.0% over the past 5 years and trades 23.9% below its 200-day average.
  • Free cash flow was deeply negative in FY2023 at -$117.3M, following a -$96.4M cash burn in FY2022.

What Pliant Therapeutics does

Pliant Therapeutics, Inc. is a clinical-stage biopharmaceutical company based in South San Francisco, California, dedicated to advancing novel therapies for fibrosis and related diseases. Its lead candidate, PLN-74809, is an oral small-molecule dual selective inhibitor targeting integrins, currently evaluated in three Phase 2a clinical trials. The company is also advancing PLN-1474, a small-molecule selective inhibitor targeting integrins that has completed Phase 1 trials for liver fibrosis associated with nonalcoholic steatohepatitis (NASH). Additionally, Pliant is progressing two preclinical integrin-based programs focusing on oncology and muscular dystrophies.

Growth and profitability

Annual revenue declined from $57.1M in FY2019 to $1.6M in FY2023, reflecting a 4-year revenue CAGR of -59.2%. Net losses widened over this period from -$631,000 in FY2019 to -$161.3M in FY2023, as research and development expenses climbed from $47.4M to $127.8M. For the trailing twelve months ending June 30, 2026, revenue was $0, with quarterly revenue growth of -100.0% year-over-year. Diluted EPS over the trailing twelve months was -$1.50, alongside a return on equity of -50.3% and a return on assets of -23.3%.

PLRX income statement →

Balance sheet and cash flow

As of June 30, 2026, Pliant Therapeutics held $158.1M in cash and short-term investments against total debt of $28.7M, resulting in net cash of $129.4M. Its current ratio stood at 9.90, and debt-to-equity was 0.20, supported by shareholders' equity of $146.9M and total assets of $189.9M. In FY2025, capital expenditures totaled $374,000. Over the past five years, the company's share count expanded by 71.9%.

PLRX balance sheet →

Valuation and performance

Pliant Therapeutics trades at a market cap of $55.7M and an enterprise value of -$60.0M, with a price-to-book ratio of 0.5x. In comparison, the median of its US-listed Healthcare peers trades at a trailing P/E of 24.6x, a forward P/E of 17.3x, and a price-to-sales multiple of 4.1x. Over the past year, the stock declined 45.5%, while the S&P 500 (SPY) returned 16.8%. Over a 5-year period, PLRX returned -95.0% compared to an 83.0% gain for the S&P 500.

PLRX key metrics →

What analysts expect

Wall Street analyst coverage consists of 0 Strong Buy, 0 Buy, 3 Hold, and 1 Sell ratings. The mean price target is $2.00, representing a 122.2% premium over the last close of $0.90. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $0 and an EPS of -$1.43. For the following fiscal year, analysts estimate revenue of $0 and an EPS of -$1.28. The company beat EPS estimates in 3 of the last 4 quarters, with its next earnings date scheduled for November 5, 2026.

PLRX forecast and price target →

Key risks and what to watch

  • Clinical development expenses have driven large annual net losses, which reached -$161.3M in FY2023.
  • Shareholder dilution has been substantial, with the company's share count increasing 71.9% over five years.
  • Short interest represents 7.0% of the float, reflecting negative market sentiment.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this PLRX AI stock analysis

This page is an AI-written research summary of Pliant Therapeutics, Inc. (PLRX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: PLRX income statement, PLRX balance sheet, PLRX key metrics, PLRX analyst forecast, PLRX chart. See the PLRX stock overview for the latest quote and news.

PLRX AI stock analysis FAQ

Does Pliant Therapeutics pay a dividend?

No, Pliant Therapeutics does not pay a dividend.

What is Pliant Therapeutics' cash position?

As of June 30, 2026, the company held $158.1M in cash and short-term investments, with net cash of $129.4M after accounting for $28.7M in total debt.

What are analysts forecasting for PLRX's revenue and earnings?

Analysts project $0 in revenue for both FY2026 and the following fiscal year, with consensus EPS estimates of -$1.43 and -$1.28, respectively.

When is Pliant Therapeutics' next earnings date?

Pliant Therapeutics is scheduled to report earnings on November 5, 2026.

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