First Tracks Biotherapeutics, Inc.

NasdaqGS:TRAX Stock Report

Market Cap: US$607.8m

First Tracks Biotherapeutics Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Dan Faga

Chief executive officer

US$6.1m

Total compensation

CEO salary percentage11.51%
CEO tenureless than a year
CEO ownership1.4%
Management average tenureless than a year
Board average tenureno data

Recent management updates

Recent updates

Seeking Alpha May 06

First Tracks: Huge Cash Reserves Will Not Sustain Testing For Long

Summary First Tracks Biotherapeutics, spun off from AnaptysBio, launches with $180M cash and a diverse, early-stage pipeline. I rate TRAX as a Hold due to post-spin instability, near-term dilution risk, and a multi-year path to revenue. ANB033 targets celiac disease, with no current FDA-approved therapies; pivotal trial data are expected in Q4 2026–2027, with commercialization likely a decade away. Rosnilimab showed strong Phase 2b RA results but faces entrenched competition and is reliant on a single indication for success. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Dan Faga's remuneration changed compared to First Tracks Biotherapeutics's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-US$169m

Dec 31 2025US$6mUS$706k

-US$166m

Dec 31 2024US$14mUS$685k

-US$164m

Compensation vs Market: Dan's total compensation ($USD6.13M) is above average for companies of similar size in the US market ($USD3.70M).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.


CEO

Dan Faga (46 yo)

less than a year
Tenure
US$6,133,943
Compensation

Mr. Daniel R. Faga, also known as Dan, is President, chief executive officer and Director of AnaptysBio, Inc. from August 2023. He was Interim President & CEO and Director of AnaptysBio, Inc. from March 21...


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Faga
CEO, President & Directorless than a yearUS$6.13m1.42%
$ 8.7m
Paul Lizzul
Chief Medical Officerless than a yearUS$2.37m0.12%
$ 743.3k
Ajim Tamboli
Chief Financial Officerless than a yearno datano data
Benjamin Stone
Chief Business Officerno datano data0.049%
$ 300.7k
Eric Loumeau
Secretaryno datano datano data
0.2yrs
Average Tenure
49yo
Average Age

Experienced Management: TRAX's management team is not considered experienced ( 0.2 years average tenure), which suggests a new team.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/21 23:46
End of Day Share Price 2026/06/18 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Tracks Biotherapeutics, Inc. is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Etzer DaroutBarclays
Emily BodnarH.C. Wainwright & Co.
Anupam RamaJ.P. Morgan