Overview
- TickerXRTX on Nasdaq2
- IndustryPharmaceutical Preparations2
- HeadquartersCalgary, Canada2
- Incorporated inBritish Columbia, Canada4
- Business addressSuite 2400 - 745 Thurlow Street, Vancouver, A1 V6E 0C54
- Filer categoryNon-accelerated filer, Emerging growth company4
- Legal formCorporation2
- LEI254900RAT3XZPF9F93502
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered address745 Thurlow Street, V6E 0C5 Vancouver, Canada2
- Registered withBC Registry Services, BC09118822
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The Company was incorporated to carry on business under the Business Corporations Act (British Columbia) (the “ BCBCA ”) as “APAC Resources Inc.” on May 31, 2011 and with registration number BC0911882. XORTX Pharma Corp. (“ XORTX Pharma ”) was incorporated under the laws of Alberta, Canada on August 24, 2012 under the name ReVasCor Inc. and was continued under the Canada Business Corporations Act on February 27, 2013 under the name of XORTX Pharma Corp. XORTX Pharma completed a reverse take-over transaction on January 10, 2018 (the “ RTO ”) with the Company. As part of this transaction, the Company changed its name to its current name: “XORTX Therapeutics Inc.” XORTX Pharma remains as a wholly owned subsidiary of the Company and is the Company’s only subsidiary.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2021
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Research and development | $574.9K | $183.8K | $2.4M |
| Consulting, wages and benefits | $1.0M | $1.1M | $1.0M |
| Directors' fees | $215.6K | $168.1K | $179.4K |
| Investor relations | $595.8K | $1.4M | $919.5K |
| Professional fees | $349.3K | $616.9K | $514.3K |
| General and administrative | $241.0K | $320.9K | $375.5K |
| Public company costs | $120.3K | $141.4K | $170.2K |
| Travel | $21.1K | $31.9K | $170.2K |
| Amortization of property and equipment | $85.7K | $86.2K | $73.1K |
| Amortization of intangible assets | $26.4K | $31.1K | $66.6K |
| Impairment of intangible assets | $1.8K | ||
| Share-based payments | $25.2K | $122.5K | $121.0K |
| Loss before other items | -$3.3M | -$4.1M | -$6.0M |
| Fair value adjustment on derivative warrant liability | $564.0K | $1.0M | $3.6M |
| Foreign exchange loss | -$4.3K | -$73.0K | -$7.0K |
| Interest income | $41.9K | $121.9K | $253.5K |
| Transaction costs on derivative warrant liability | -$279.0K | ||
| Total loss and comprehensive loss for the year | -$2.7M | -$3.3M | -$2.2M |
| Basic loss per common share | -$0.56 | -$1.15 | -$1.09 |
| Diluted loss per common share | -$0.56 | -$1.15 | -$1.09 |
| Weighted average number of common shares outstanding, Basic | 4.7M shares | 2.9M shares | 2.0M shares |
| Weighted average number of common shares outstanding, Diluted | 4.7M shares | 2.9M shares | 2.0M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | $864.5K | $2.5M | $3.4M | $10.4M |
| Accounts receivable | $80.2K | $17.6K | ||
| Prepaid expenses | $22.6K | $185.4K | ||
| Deferred acquisition costs | $293.8K | |||
| Total Current Assets | $1.3M | $2.7M | ||
| Contract payments | $1.2M | $1.2M | ||
| Intangible assets | $185.4K | $183.1K | ||
| Property and equipment | $37.1K | $34.7K | ||
| Total Assets | $2.7M | $4.1M | ||
| Accounts payable and accrued liabilities | $553.8K | $147.2K | ||
| Derivative warrant liability | $8.0K | $572.0K | ||
| Lease obligation | $37.3K | $38.8K | ||
| Total Liabilities | $599.1K | $758.0K | ||
| Share capital | $20.2M | $18.5M | ||
| Reserves | $5.8M | $6.0M | ||
| Obligation to issue shares | $24.7K | |||
| Accumulated other comprehensive loss | -$52.6K | -$52.6K | ||
| Accumulated deficit | -$23.8M | -$21.2M | ||
| Total Shareholders' Equity | $2.1M | $3.3M | ||
| Total Liabilities and Shareholders' Equity | $2.7M | $4.1M |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | $864.5K | $2.5M | $3.4M | $10.4M |
| Accounts receivable | $80.2K | $17.6K | ||
| Prepaid expenses | $22.6K | $185.4K | ||
| Deferred acquisition costs | $293.8K | |||
| Total Current Assets | $1.3M | $2.7M | ||
| Contract payments | $1.2M | $1.2M | ||
| Intangible assets | $185.4K | $183.1K | ||
| Property and equipment | $37.1K | $34.7K | ||
| Total Assets | $2.7M | $4.1M | ||
| Accounts payable and accrued liabilities | $553.8K | $147.2K | ||
| Derivative warrant liability | $8.0K | $572.0K | ||
| Lease obligation | $37.3K | $38.8K | ||
| Total Liabilities | $599.1K | $758.0K | ||
| Share capital | $20.2M | $18.5M | ||
| Reserves | $5.8M | $6.0M | ||
| Obligation to issue shares | $24.7K | |||
| Accumulated other comprehensive loss | -$52.6K | -$52.6K | ||
| Accumulated deficit | -$23.8M | -$21.2M | ||
| Total Shareholders' Equity | $2.1M | $3.3M | ||
| Total Liabilities and Shareholders' Equity | $2.7M | $4.1M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss for the year | -$2.7M | -$3.3M | -$2.2M |
| Amortization | $112.1K | $117.3K | $139.7K |
| Fair value adjustment on derivative warrant liability | -$564.0K | -$1.0M | -$3.6M |
| Impairment of intangible assets | $1.8K | ||
| Share-based payments | $25.2K | $122.5K | $121.0K |
| Transaction costs on derivative warrant liability | $279.0K | ||
| Unrealized foreign exchange (gain) loss | -$23.7K | $34.2K | -$13.6K |
| Accounts receivable | -$62.5K | $43.1K | $21.0K |
| Prepaid expenses | $162.8K | $208.2K | $142.7K |
| Accounts payable and accrued liabilities | $235.9K | -$134.4K | -$1.2M |
| Cash flows from (used in) operating activities | -$2.8M | -$3.7M | -$6.6M |
| Acquisition of intangible assets | -$55.2K | -$38.9K | -$42.1K |
| Acquisition of equipment | -$4.3K | ||
| Deferred acquisition costs | -$239.7K | ||
| Cash flows from (used in) investing activities | -$295.0K | -$38.9K | -$46.4K |
| Pre-funded warrants and warrants exercised | $14 | $16.6K | $296 |
| Payment of lease obligation | -$89.6K | -$69.7K | -$66.1K |
| Cash share issuance costs | -$738.4K | -$667.9K | -$295.3K |
| Proceeds from issuance of equity instruments | $2.3M | $3.5M | |
| Net cash flows from (used in) financing activities | $1.4M | $2.8M | -$361.0K |
| Effect of foreign exchange loss (gain) on cash | $27.0K | -$36.0K | $4.0K |
| Decrease in cash | -$1.6M | -$974.0K | -$7.0M |
| Fair value of agent's warrants | $38.5K | ||
| Derivative warrant liability reclassified to share capital on exercise of warrants | $5.2K | ||
| Recognition of right-of-use asset | $88.1K | $97.0K | |
| Deferred financing costs reclassified to share capital and transaction costs on derivative warrant liability | $166.3K | ||
| Share issuance costs in accounts payable | $113.3K | ||
| Deferred acquisition costs in accounts payable | $54.1K |
No quarter-by-quarter statement was filed.
Corporate structure
XORTX Therapeutics Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of XORTX Therapeutics Inc.
- Lincoln Alternative Strategies LLC Filed SCHEDULE 13G on XORTX Therapeutics Inc., latest Oct 27, 2025
- ARMISTICE CAPITAL, LLC Filed SCHEDULE 13G/A on XORTX Therapeutics Inc., latest May 15, 2025 (4 filings since Feb 14, 2023)
- XORTX Therapeutics Inc. Calgary, Alberta, Canada
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What XORTX Therapeutics Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
Leadership
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive Officer, DirectorAllen Davidoff named Oct 31, 20247
- Executive OfficerJames Fairbairn named Oct 31, 20247
- Executive OfficerStacy Evans named Oct 31, 20247
- Executive OfficerStephen Haworth named Oct 31, 20247
- DirectorAbigail J. Jenkins named Oct 31, 20247
- DirectorAnthony J. Giovinazzo named Oct 31, 20247
- DirectorPatrick J. Treanor named Oct 31, 20247
- DirectorPaul J. Van Damme named Oct 31, 20247
- DirectorRaymond J. Pratt named Oct 31, 20247
- DirectorWilliam Farley named Oct 31, 20247
Calendar
Coming up
- Nov 13, 2026Reports results for the quarter ending Sep/20268
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
278 filings to the SEC since October 2021: 6 annual reports, 5 large holders, 1 private raises, 266 other. The latest 20:
- Oct 8, 20266-K EDGAR
- Sep 18, 20266-K EDGAR
- Sep 10, 20266-K EDGAR
- Sep 9, 20266-K EDGAR
- Sep 4, 20266-K EDGAR
- Aug 28, 20266-K EDGAR
- Aug 17, 20266-K EDGAR
- Aug 4, 20266-K EDGAR
- Jul 29, 20266-K EDGAR
- Jun 15, 20266-K EDGAR
- Jun 12, 20266-K EDGAR
- May 19, 20266-K EDGAR
- May 19, 20266-K EDGAR
- May 15, 2026424B4 EDGAR
- May 14, 20266-K EDGAR
- May 13, 2026EFFECT EDGAR
- May 8, 20266-K EDGAR
- May 8, 2026POS AM EDGAR
- Apr 23, 2026POS AM EDGAR
- Apr 22, 2026POS AM EDGAR
The 278 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Lincoln Alternative Strategies LLCSCHEDULE 13G, 1 filing Oct 27, 20259
- ARMISTICE CAPITAL, LLCSCHEDULE 13G/A, 4 filings Feb 14, 2023 to May 15, 202510
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Citadel Advisors LLC | 23,116 | $52.5K | 0.0% | New |
| StoneX Group Inc. | 16,369 | $37.9K | 0.0% | New |
| Royal Bank Of Canada | 732 | $2.0K | 0.0% | New |
| National Bank Of Canada /fi/ | 162 | $329 | 0.0% | New |
| Clearstead Advisors, LLC | 55 | $120 | 0.0% | −222 |
| TD Waterhouse Canada Inc. | 9 | $19 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How XORTX Therapeutics Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARXORTX Therapeutics Inc.1
- CIK0001729214
- Filer statusNon-accelerated filer an emerging growth company; not a shell company5
- Incorporated inBritish Columbia, Canada5
- Fiscal year endsDecember 311
- Industry code (SIC)2834 Pharmaceutical Preparations1
- SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
- Business addressSuite 2400 - 745 Thurlow Street, Vancouver, A1 V6E 0C51
- Phone403-607-26211
- Shares outstanding6,962,218 shares as of Dec 31, 20255
- AuditorSmythe LLP, Vancouver, Canada PCAOB ID 7315
- On EDGAR sinceJan 25, 20181
- Filings291 in all: 6-K (179), 424B3 (27), CORRESP (15), EFFECT (9), UPLOAD (7), F-1/A (6), POS AM (6), 20-F (5)1
All 28 form types
424B5 (5), F-1 (4), 424B4 (3), DRS (3), NT 20-F (3), 6-K/A (2), D (2), SCHEDULE 13G (2), SEC STAFF LETTER (2), 20-F/A (1), 8-A12B (1), 8-A12B/A (1), CERT (1), DRS/A (1), DRSLTR (1), F-3 (1), S-8 (1), SC 13G (1), SC 13G/A (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (20-F) Mar 20, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares | XRTX | The Nasdaq Stock Market LLC |
From the cover page of the 20-F filed Mar 20, 2026 (Section 12(b) of the Exchange Act).5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 8NasdaqNasdaq calendar
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