ArriVent BioPharma Inc
AVBPHealthcare·Biotechnology·USA·Small·NASD·Nov 11 • 3:59 PM ET
13.51+0.02 (0.11%)
2026-11-11 23:11 CET
Market cap
665.16 USD m
Revenue, TTM
5.00 USD m
Net income, TTM
-169.07 USD m
Free cash flow, TTM
-152.84 USD m
EPS diluted, TTM
-3.66
P/E
-
Price
AVBP against its 20, 50 and 200-day averages2050200beatmiss
62.3% under the 52-week high of 35.83 on 26 Jun 2026. 52-week low 11.36 on 6 Oct 2026. Last 15 sessions, 76.9% high to low
Volume 0.72× normal · the line is the 50-bar volume average
Profile
AVBP52-week range, 9% of the way up
11.3635.83
Arrivent Biopharma, Inc. is a clinical-stage biopharmaceutical company, which engages in identifying, licensing, and globalizing biopharma innovations from around the world to deliver important medicines to patients. The company was founded Zheng Bin Yao and Stuart Lutzker on April 14, 2021 and is headquartered in Newtown Square, PA.
| Index | RUT |
|---|---|
| Employees | 77 |
| IPO | Jan 26, 2024 |
| Beta | 1.69 |
| ATR, 14d | 1.60 |
| Rel volume | 0.72 |
| Short float | 15.67% |
| Insider own | 24.95% |
| Inst own | 78.99% |
Snapshot
6 groupsValuation
| Index | RUT |
|---|---|
| Market Cap | 698.52M |
| Enterprise Value | 305.56M |
| Income | -169.07M |
| Sales | 5.00M |
| Book/sh | 7.68 |
| Cash/sh | 7.60 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 77 |
| IPO | Jan 26, 2024 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 139.70 |
| P/B | 1.76 |
| P/C | 1.78 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | 61.11 |
| Quick Ratio | 17.64 |
| Current Ratio | 17.64 |
| Debt/Eq | 0.00 |
| LT Debt/Eq | 0.00 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | -3.66 |
|---|---|
| EPS next Y | -3.68 |
| EPS next Q | -1.01 |
| EPS this Y | 8.77% |
| EPS next Y | 6.62% |
| EPS next 5Y | 12.49% |
| EPS past 3/5Y | -57.73% -29.43% |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | 13.57% |
| Sales Y/Y TTM | - |
| EPS Q/Q | 2.46% |
| Sales Q/Q | - |
| Earnings | Nov 09 AMC |
| EPS/Sales Surpr. | 22.55% - |
Ownership
| Insider Own | 24.95% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 78.99% |
| Inst Trans | 6.03% |
| ROA | -45.47% |
| ROE | -48.41% |
| ROIC | -42.97% |
| Gross Margin | 0.00% |
| Oper. Margin | -3620.02% |
| Profit Margin | -3381.40% |
| SMA20 | -13.91% |
| SMA50 | -38.80% |
| SMA200 | -49.18% |
| Trades | - |
Technical
| Shs Outstand | 51.21M |
|---|---|
| Shs Float | 37.00M |
| Short Float | 15.67% |
| Short Ratio | 4.56 |
| Short Interest | 5.80M |
| 52W High | 35.83 -62.31% |
| 52W Low | 11.36 18.88% |
| Volatility | 11.49% 9.20% |
| ATR (14) | 1.60 |
| RSI (14) | 35.52 |
| Beta | 1.69 |
| Rel Volume | 0.72 |
| Avg Volume | 1.27M |
| Volume | 910,982 |
Performance
| Perf Week | 0.11% |
|---|---|
| Perf Month | -16.07% |
| Perf Quarter | -54.98% |
| Perf Half Y | -53.32% |
| Perf YTD | -32.88% |
| Perf Year | -30.31% |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.00 |
| Target Price | 26.00 |
| Prev Close | 13.49 |
| Price | 13.51 |
| Change % | 0.11% |
Analyst ratings
latest 10 of 11| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Mar 12, 2026 | Resumed | BBTIG Research | Buy | $42 | +211.0% |
| Dec 10, 2025 | Initiated | BBTIG Research | Buy | $45 | +233.2% |
| Nov 25, 2025 | Initiated | TTruist | Buy | $43 | +218.4% |
| Jul 10, 2025 | Resumed | GGoldman | Buy | $33 | +144.4% |
| Mar 20, 2025 | Initiated | RB. Riley Securities | Buy | $37 | +174.0% |
| Mar 10, 2025 | Initiated | GGuggenheim | Buy | $45 | +233.2% |
| Jul 22, 2024 | Initiated | OOppenheimer | Outperform | $35 | +159.2% |
| Apr 30, 2024 | Initiated | HH.C. Wainwright | Buy | $25 | +85.1% |
| Feb 20, 2024 | Initiated | JJefferies | Buy | $35 | +159.2% |
| Feb 20, 2024 | Initiated | GGoldman | Buy | $27 | +99.9% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| CGEM | Cullinan Therapeutics Inc | 730.42M |
| NUVB | Nuvation Bio Inc | 1.52B |
| BLSM | BlossomHill Therapeutics Inc | 512.38M |
| BDTX | Black Diamond Therapeutics Inc | 92.50M |
| ORIC | ORIC Pharmaceuticals Inc | 932.88M |
| TYRA | Tyra Biosciences Inc | 1.44B |
| ELVN | Enliven Therapeutics Inc | 3.77B |
| ERAS | Erasca Inc | 5.88B |
| SMMT | Summit Therapeutics Inc | 13.27B |
| OKUR | OnKure Therapeutics Inc | 136.09M |
Insider trading
2 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| LaChapelle Robin | Chief Operating Officer | Oct 30 '26 | Option Exercise | 4.54 | 40,693 | 184,897 | 176,429 | Nov 02 04:47 PM |
| HILLHOUSE INVESTMENT MANAGEMEN | 10% Owner | Dec 10 '25 | Sale | 23.37 | 555,555 | 12,983,320 | 3,929,117 | Feb 03 04:05 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| IWM | iShares Russell 2000 Index Fund | AUM: 77.38B |
| XBI | State Street SPDR S&P Biotech ETF | AUM: 10.50B |
| VTWO | Vanguard Russell 2000 Index ETF | AUM: 16.75B |
| IWO | iShares Russell 2000 Growth ETF | AUM: 14.06B |
| FESM | Fidelity Enhanced Small Cap Core ETF | AUM: 6.82B |
| IBB | iShares Biotechnology ETF | AUM: 11.36B |
| SCHA | Schwab U.S. Small-Cap ETF | AUM: 22.25B |
| VHT | Vanguard Health Care ETF | AUM: 21.51B |
News
latest 14 of 114- ArriVent BioPharma Reports Third Quarter 2026 Financial Results (GlobeNewswire)
- ArriVent Announces Initial Phase 1 Data for CDH17-targeted ADC ARR-217 in Patients with Gastrointestinal Cancers at ESMO Congress 2026 (GlobeNewswire)
- ArriVent to Present Initial Phase 1 Data for CDH17-targeted ADC ARR-217 in Patients with Gastrointestinal Cancers at the ESMO Congress 2026 (GlobeNewswire) +9.37% -26.86%
- ArriVent Announces Cancer Cell Publication Highlighting Firmonertinib in EGFR PACC-Mutant Non-Small Cell Lung Cancer (GlobeNewswire) +7.68%
- ArriVent Announces First Patient Dosed with Novel Tetravalent MUC16/NaPi2b Dual Target ADC, ARR-002 (GlobeNewswire)
- Shanghai Allist shares slide after U.S. partners lung cancer drug trial fails (Investing.com)
- ArriVents stock plummets on Phase III NSCLC trial failure (Clinical Trials Arena) +11.93%
- AVBP Stock Crashes More Than 48% To All-Time Low After Lung Cancer Trial Setback Retail Calls It Way Undervalued (Stocktwits) -46.98%
- ArriVent collapses on disappointing lung cancer data (BioPharma Dive)
- Why This Biotech Stock Is Having Its Worst Day Ever (Barrons.com)
- ArriVent stock tumbles 60% after trial misses primary endpoint (Investing.com)
- ArriVent Announces Program Update from the Phase 3 FURVENT Trial of Firmonertinib in First-Line EGFR Exon 20 Insertion Mutant NSCLC (GlobeNewswire)
- ArriVent BioPharma Reports Second Quarter 2026 Financial Results (GlobeNewswire)
- ArriVent BioPharma Reports First Quarter 2026 Financial Results (GlobeNewswire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-09 | -0.810 | -1.046 | -0.810 | 5.00 | 0.00 | 11 |
| 2026Q2 | 2026-08-12 | -1.050 | -0.987 | -1.048 | 0.00 | 0.00 | 11 |
| 2026Q1 | 2026-05-11 | -0.960 | -0.895 | -0.961 | 0.00 | 0.00 | 11 |
| 2025Q4 | 2026-03-05 | -0.840 | -0.846 | -0.837 | 0.00 | 0.00 | 12 |
| 2025Q3 | 2025-11-10 | -0.830 | -0.789 | -0.835 | 0.00 | 0.00 | 10 |
| 2025Q2 | 2025-08-11 | -0.900 | -0.712 | -0.897 | 0.00 | 0.00 | 9 |
| 2025Q1 | 2025-05-12 | -1.900 | -0.664 | -1.891 | 0.00 | - | 5 |
| 2024Q4 | 2025-03-03 | -0.600 | -0.665 | -0.612 | 0.00 | 0.00 | 5 |
| 2024Q3 | 2024-11-14 | -0.610 | -1.003 | -0.610 | 0.00 | 0.00 | 6 |
| 2024Q2 | 2024-08-14 | -0.650 | -0.644 | -0.653 | 0.00 | 0.00 | 6 |
| 2024Q1 | 2024-05-08 | -0.700 | -1.077 | -0.520 | 0.00 | 0.00 | 4 |
| 2023Q4 | 2024-03-28 | -5.300 | -0.650 | -0.633 | 0.00 | 0.00 | 1 |
| 2026Q4 | - | - | -1.010 | - | - | 0.00 | 11 |
| 2027Q1 | - | - | -0.945 | - | - | 3.05 | 6 |
| 2027Q2 | - | - | -0.975 | - | - | 3.05 | 6 |
| 2027Q3 | - | - | -0.983 | - | - | 3.05 | 6 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2023FY | -32.380 | -8.541 | -2.070 | 0.00 | -1.67 |
| 2024FY | -2.560 | -2.580 | -2.388 | 0.00 | 0.00 |
| 2025FY | -4.320 | -4.410 | -4.320 | 0.00 | 0.00 |
| 2026FY | - | -3.941 | - | - | 3.64 |
| 2027FY | - | -3.680 | - | - | 6.74 |
| 2028FY | - | -2.895 | - | - | 30.41 |
| 2029FY | - | -2.053 | - | - | 104.64 |
| 2030FY | - | -0.433 | - | - | 234.84 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | S | 2026-11-10 | 9 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-11-09 | 9 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-10-14 | 9 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-10-06 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-10-05 | 9 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-09-20 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-08-14 | 9 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-08-13 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-07-21 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-05-27 | 9 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-05-12 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-04-24 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-03-10 | 7 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-03-06 | 6 | 0 | 0 | 0.00 | 0.00 | 0.00 |
Estimate history
| EPS, annual | -1.541 | -1.102 | -2.07 | -2.388 | -4.324 | -3.6605 | |||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |||
| EPS, quarterly | -0.61 | -0.612 | -1.891 | -0.897 | -0.835 | -0.837 | -0.961 | -1.048 | -0.814 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Sales, annual | 0 | 0 | 0 | 0 | 0 | 5 | |||
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |||
| Sales, quarterly | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Shares, annual | 33.494 | 33.494 | 33.494 | 33.707 | 42.452 | 51.212 | |||
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ | |||
| Shares, quarterly | 33.694 | 33.707 | 34.041 | 37.49 | 40.852 | 42.452 | 45.309 | 48.32 | 51.212 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|---|
| Total Revenue | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling, General and Administrative Excl. Other | 186.00 | 177.53 | 94.31 | 74.59 | 36.91 | 8.70 |
| Research and Development | 151.03 | 153.35 | 79.00 | 64.88 | 30.43 | 6.43 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -181.00 | -177.53 | -94.31 | -74.59 | -36.91 | -8.70 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 42.91 |
| Net Income Before Taxes | -169.07 | -166.31 | -80.49 | -69.33 | -36.91 | -51.61 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -169.07 | -166.31 | -80.49 | -69.33 | -36.91 | -51.61 |
| Net Income From Continuing Operations | -169.07 | -166.31 | -80.49 | -69.33 | -36.91 | -51.61 |
| Net Income | -169.07 | -166.31 | -80.49 | -69.33 | -36.91 | -51.61 |
| EPS (Recurring) | -3.41 | -4.32 | -2.39 | -2.07 | -1.10 | -0.64 |
| EPS (Basic, Before Extraordinaries) | -3.66 | -4.32 | -2.39 | -2.07 | -1.10 | -1.54 |
| EPS (Diluted) | -3.66 | -4.32 | -2.39 | -2.07 | -1.10 | -1.54 |
| EBITDA | -181.00 | -177.53 | -94.31 | -74.59 | -36.91 | -8.70 |
| Non-Operating Income (Expense) | 11.93 | 11.23 | 13.82 | 5.26 | 0.00 | 0.00 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 22.26 | 12.52 | 3.21 | 0.90 | 0.42 | 0.05 |
| Price To Sales Ratio | 299.93 | - | - | - | - | - |
| Operating Margin | -3,620.02 | - | - | - | - | - |
| Net Margin | -3,381.40 | - | - | - | - | - |
| Shares Outstanding | 51.21 | 42.45 | 33.71 | 33.49 | 33.49 | 33.49 |
| Market Capitalization | 665.16 | 665.16 | 897.69 | 908.14 | - | - |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling, General and Administrative Excl. Other | 48.38 | 52.69 | 46.11 | 38.82 | 38.32 | 33.62 | 66.77 | 23.70 |
| Research and Development | 38.90 | 42.34 | 37.62 | 32.17 | 32.17 | 27.72 | 61.29 | 20.16 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -43.38 | -52.69 | -46.11 | -38.82 | -38.32 | -33.62 | -66.77 | -23.70 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | -40.31 | -49.89 | -43.32 | -35.54 | -34.98 | -31.40 | -64.39 | -20.63 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -40.31 | -49.89 | -43.32 | -35.54 | -34.98 | -31.40 | -64.39 | -20.63 |
| Net Income From Continuing Operations | -40.31 | -49.89 | -43.32 | -35.54 | -34.98 | -31.40 | -64.39 | -20.63 |
| Net Income | -40.31 | -49.89 | -43.32 | -35.54 | -34.98 | -31.40 | -64.39 | -20.63 |
| EPS (Recurring) | -0.81 | -1.05 | -0.96 | -0.84 | -0.83 | -0.90 | -1.89 | -0.61 |
| EPS (Basic, Before Extraordinaries) | -0.81 | -1.05 | -0.96 | -0.84 | -0.83 | -0.90 | -1.89 | -0.61 |
| EPS (Diluted) | -0.81 | -1.05 | -0.96 | -0.84 | -0.83 | -0.90 | -1.89 | -0.61 |
| EBITDA | -43.38 | -52.69 | -46.11 | -38.82 | -38.32 | -33.62 | -66.77 | -23.70 |
| Non-Operating Income (Expense) | 3.06 | 2.80 | 2.79 | 3.28 | 3.34 | 2.22 | 2.38 | 3.07 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 6.88 | 6.67 | 5.49 | 3.22 | 3.72 | 3.31 | 2.27 | 0.95 |
| Price To Sales Ratio | 299.93 | - | - | - | - | - | - | - |
| Operating Margin | -867.52 | - | - | - | - | - | - | - |
| Net Margin | -806.26 | - | - | - | - | - | - | - |
| Shares Outstanding | 51.21 | 48.32 | 45.31 | 42.45 | 40.85 | 37.49 | 34.04 | 33.71 |
| Market Capitalization | 665.16 | 1,618.01 | 1,019.73 | 830.58 | 748.50 | 744.81 | 628.96 | 897.69 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|
| Cash & Short Term Investments | 312.82 | 218.86 | 150.39 | 163.37 | 37.28 |
| Short Term Receivables | 0.00 | 0.50 | 0.76 | 0.50 | 0.25 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 20.08 | 7.62 | 8.82 | 18.75 | 5.42 |
| Total Current Assets | 332.90 | 226.98 | 159.97 | 182.62 | 42.95 |
| Net Property, Plant & Equipment | 0.01 | 0.15 | 0.29 | 0.14 | 0.00 |
| Total Investments and Advances | 0.00 | 47.68 | 0.00 | 0.00 | 0.00 |
| Long-Term Note Receivable | - | - | - | 0.00 | 0.00 |
| Intangible Assets | - | - | 0.00 | - | - |
| Other Assets | 0.26 | 0.13 | 2.84 | 0.07 | 0.09 |
| Total Assets | 333.17 | 274.94 | 163.10 | 182.83 | 43.04 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.01 | 0.16 | 0.14 | 0.13 | 0.00 |
| Accounts Payable | 5.93 | 3.78 | 4.53 | 3.09 | 0.29 |
| Other Current Liabilities | 20.00 | 13.33 | 6.95 | 5.14 | 1.52 |
| Total Current Liabilities | 25.95 | 17.27 | 11.62 | 8.36 | 1.82 |
| Long Term Debt | 0.00 | 0.01 | 0.18 | 0.01 | 0.00 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 25.95 | 17.29 | 11.80 | 8.37 | 1.82 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 304.49 | 259.57 | 89.86 |
| Common Equity | 307.22 | 257.65 | -153.19 | -85.11 | -48.64 |
| Total Shareholders Equity | 307.22 | 257.65 | 151.30 | 174.46 | 41.22 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 307.22 | 257.65 | 151.30 | 174.46 | 41.22 |
| Total Liabilities & Stockholders Equity | 333.17 | 274.94 | 163.10 | 182.83 | 43.04 |
| Book Value Per Share | 7.24 | 7.64 | -4.57 | -2.54 | -1.45 |
| Tangible Book Value Per Share | 7.24 | 7.64 | -4.57 | -2.54 | -1.45 |
| Full-Time Employees | 77 | 52 | 40 | - | - |
| Price to Book Ratio | 1.76 | 3.23 | 3.27 | - | - |
| Return on Assets | -54.70 | -36.75 | -40.08 | -32.68 | - |
| Return on Equity | -58.88 | -39.36 | -42.57 | -34.22 | - |
| Return on Invested Capital | -54.13 | -31.24 | -45.77 | -21.15 | -125.19 |
| Quick Ratio | 12.83 | 13.14 | 13.76 | 21.84 | 23.63 |
| Current Ratio | 12.83 | 13.14 | 13.76 | 21.84 | 23.63 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|---|
| Net Income | -169.07 | -166.31 | -80.49 | -69.33 | -36.91 | -51.61 |
| Other Funds (Non Cash) | 17.50 | 9.49 | 3.21 | 0.90 | 0.42 | 42.96 |
| Funds from Operations | -151.57 | -156.81 | -77.28 | -68.44 | -36.48 | -8.65 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -1.27 | -3.77 | 7.07 | 12.60 | -7.15 | -3.94 |
| Cash from Operating Activities | -152.84 | -160.59 | -70.21 | -55.84 | -43.63 | -12.59 |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -82.20 | -71.23 | -192.47 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | -355.78 | -272.93 | -194.16 | -25.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 273.58 | 201.71 | 1.70 | 25.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -40.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -82.20 | -71.23 | -192.47 | 0.00 | 0.00 | -40.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 236.02 | 203.13 | 186.58 | 42.86 | 169.72 | 89.87 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 236.02 | 203.13 | 186.58 | 42.86 | 169.72 | 89.87 |
| Proceedsfrom Stock Options | 234.33 | 202.63 | 185.95 | 42.51 | 169.71 | 89.87 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | -0.07 | -0.07 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | -0.07 | -0.07 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 235.95 | 203.06 | 186.58 | 42.86 | 169.72 | 89.87 |
| Net Change in Cash | 0.91 | -28.75 | -76.10 | -12.98 | 126.09 | 37.28 |
| Free Cash Flow | -152.84 | -160.59 | -70.21 | -55.84 | -43.63 | -12.59 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 393.22 | 373.12 | 326.38 | 312.82 | 300.27 | 235.69 |
| Short Term Receivables | 0.00 | 0.00 | 0.00 | 0.00 | 0.51 | 0.51 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 23.39 | 21.05 | 22.32 | 20.08 | 20.45 | 13.96 |
| Total Current Assets | 416.62 | 394.17 | 348.70 | 332.90 | 321.22 | 250.15 |
| Net Property, Plant & Equipment | 0.30 | 0.37 | 0.37 | 0.01 | 0.05 | 0.09 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 5.11 | 18.79 |
| Other Assets | 0.17 | 0.17 | 0.23 | 0.26 | 0.18 | 0.48 |
| Total Assets | 417.09 | 394.72 | 349.30 | 333.17 | 326.56 | 269.51 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.26 | 0.32 | 0.10 | 0.01 | 0.06 | 0.10 |
| Accounts Payable | 2.62 | 2.22 | 8.73 | 5.93 | 5.93 | 4.06 |
| Other Current Liabilities | 20.74 | 25.31 | 16.17 | 20.00 | 15.57 | 15.48 |
| Total Current Liabilities | 23.61 | 27.84 | 25.00 | 25.95 | 21.56 | 19.64 |
| Long Term Debt | 0.00 | 0.03 | 0.32 | 0.00 | 0.00 | 0.00 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 23.61 | 27.88 | 25.32 | 25.95 | 21.56 | 19.64 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 393.48 | 366.84 | 323.98 | 307.22 | 305.00 | 249.87 |
| Total Shareholders Equity | 393.48 | 366.84 | 323.98 | 307.22 | 305.00 | 249.87 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 393.48 | 366.84 | 323.98 | 307.22 | 305.00 | 249.87 |
| Total Liabilities & Stockholders Equity | 417.09 | 394.72 | 349.30 | 333.17 | 326.56 | 269.51 |
| Book Value Per Share | 7.68 | 7.59 | 7.15 | 7.24 | 7.47 | 6.66 |
| Tangible Book Value Per Share | 7.68 | 7.59 | 7.15 | 7.24 | 7.47 | 6.66 |
| Full-Time Employees | - | - | - | 77 | - | - |
| Price to Book Ratio | 1.76 | 4.86 | 3.19 | 2.69 | 2.77 | 3.66 |
| Return on Assets | -45.47 | -49.30 | -51.43 | -54.70 | -48.90 | -47.37 |
| Return on Equity | -48.41 | -53.10 | -55.17 | -58.88 | -51.98 | -50.13 |
| Return on Invested Capital | -10.25 | -13.60 | -13.36 | -11.57 | -11.47 | -12.57 |
| Quick Ratio | 17.64 | 14.16 | 13.95 | 12.83 | 14.90 | 12.74 |
| Current Ratio | 17.64 | 14.16 | 13.95 | 12.83 | 14.90 | 12.74 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Net Income | -40.31 | -49.89 | -43.32 | -35.54 | -34.98 | -31.40 |
| Other Funds (Non Cash) | 6.23 | 6.15 | 4.93 | 0.20 | 3.72 | 3.31 |
| Funds from Operations | -34.08 | -43.74 | -38.39 | -35.35 | -31.26 | -28.09 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -6.63 | 4.16 | -3.50 | 4.69 | -4.54 | 1.96 |
| Cash from Operating Activities | -40.71 | -39.58 | -41.89 | -30.66 | -35.80 | -26.12 |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -60.65 | 46.07 | 3.58 | -71.20 | -50.76 | 13.91 |
| Purchase of Investments | -126.22 | -13.99 | -64.38 | -151.18 | -90.37 | -21.57 |
| Sale Or Maturity of Investments | 65.57 | 60.06 | 67.97 | 79.98 | 39.61 | 35.48 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -60.65 | 46.07 | 3.58 | -71.20 | -50.76 | 13.91 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 60.26 | 86.09 | 54.87 | 34.80 | 86.47 | 75.11 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 60.26 | 86.09 | 54.87 | 34.80 | 86.47 | 75.11 |
| Proceedsfrom Stock Options | 59.66 | 85.23 | 54.72 | 34.71 | 86.42 | 75.04 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | -0.07 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | -0.07 | 0.00 | 0.00 |
| Cash from Financing Activities | 60.26 | 86.09 | 54.87 | 34.73 | 86.47 | 75.11 |
| Net Change in Cash | -41.10 | 92.58 | 16.56 | -67.13 | -0.09 | 62.90 |
| Free Cash Flow | -40.71 | -39.58 | -41.89 | -30.66 | -35.80 | -26.12 |
Revenue breakdown
| Revenue split | - |
|---|
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 15.67% | 5.8M | 37.0M | 1.18M |
| 2026-10-15 | 18.40% | 6.8M | 37.0M | 988.00K |
| 2026-09-30 | 24.40% | 8.5M | 34.6M | 520.37K |
| 2026-09-15 | 25.31% | 8.8M | 34.6M | 530.59K |
| 2026-08-31 | 25.09% | 8.7M | 34.6M | 548.32K |
| 2026-08-14 | 23.75% | 8.2M | 34.6M | 563.51K |
| 2026-07-31 | 24.11% | 8.0M | 33.4M | 555.80K |
| 2026-07-15 | 22.97% | 7.7M | 33.4M | 541.39K |
| 2026-06-30 | 22.85% | 7.6M | 33.4M | 556.36K |
| 2026-06-15 | 23.52% | 7.8M | 33.4M | 489.22K |
| 2026-05-29 | 23.61% | 7.7M | 32.7M | 516.22K |
| 2026-05-15 | 23.86% | 7.3M | 30.6M | 483.28K |
| 2026-04-30 | 22.66% | 7.1M | 31.4M | 532.77K |
| 2026-04-15 | 25.62% | 7.7M | 29.9M | 522.01K |
| 2026-03-31 | 26.86% | 7.8M | 28.9M | 499.84K |
| 2026-03-13 | 25.00% | 7.2M | 28.9M | 507.71K |
| 2026-02-27 | 24.23% | 7.0M | 28.9M | 447.76K |
| 2026-02-13 | 26.10% | 7.0M | 27.0M | 445.27K |
| 2026-01-30 | 27.44% | 7.2M | 26.3M | 401.92K |
| 2026-01-15 | 27.30% | 7.2M | 26.3M | 381.15K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 2.50 | 9.10 | 13.10 | 0.00 | 22.281 | 0.00 | 0.00 | 0.991 | -0.017 | 0.001 |
| call | 5.00 | 6.60 | 10.60 | 0.00 | 11.074 | 0.00 | 0.00 | 0.984 | -0.017 | 0.001 |
| call | 7.50 | 4.10 | 8.10 | 0.00 | 7.353 | 0.00 | 0.00 | 0.974 | -0.016 | 0.001 |
| call | 10.00 | 1.60 | 5.60 | 0.00 | 5.016 | 0.00 | 0.00 | 0.833 | -0.078 | 0.005 |
| call | 12.50 | 0.25 | 4.60 | 0.00 | 5.183 | 0.00 | 0.00 | 0.655 | -0.103 | 0.008 |
| call | 15.00 | 0.05 | 1.20 | 0.62 | 2.097 | 55.00 | 0.00 | 0.439 | -0.099 | 0.008 |
| call | 17.50 | 0.00 | 0.45 | 0.20 | 1.858 | 203 | 190 | 0.227 | -0.067 | 0.006 |
| call | 20.00 | 0.00 | 0.40 | 0.05 | 2.292 | 3,362 | 102 | 0.179 | -0.072 | 0.005 |
| call | 22.50 | 0.00 | 0.20 | 0.30 | 2.261 | 18.00 | 0.00 | 0.102 | -0.048 | 0.004 |
| call | 25.00 | 0.00 | 4.60 | 0.20 | 2.584 | 2.00 | 0.00 | 0.092 | -0.051 | 0.003 |
| call | 30.00 | 0.00 | 0.05 | 0.10 | 2.985 | 92.00 | 0.00 | 0.080 | -0.054 | 0.003 |
| call | 35.00 | 0.00 | 4.60 | 0.05 | 2.818 | 10.00 | 0.00 | 0.026 | -0.020 | 0.001 |
| call | 40.00 | 0.00 | 4.60 | 0.05 | 3.129 | 11.00 | 0.00 | 0.024 | -0.021 | 0.001 |
| put | 2.50 | 0.00 | 0.05 | 0.00 | 5.367 | 0.00 | 0.00 | -0.009 | -0.015 | 0.001 |
| put | 5.00 | 0.00 | 1.50 | 0.00 | 3.400 | 0.00 | 0.00 | -0.016 | -0.016 | 0.001 |
| put | 7.50 | 0.00 | 0.05 | 0.05 | 4.474 | 24.00 | 0.00 | -0.113 | -0.102 | 0.004 |
| put | 10.00 | 0.00 | 0.85 | 0.25 | 2.588 | 78.00 | 0.00 | -0.167 | -0.077 | 0.005 |
| put | 12.50 | 0.05 | 1.10 | 0.80 | 1.940 | 568 | 0.00 | -0.345 | -0.102 | 0.008 |
| put | 15.00 | 0.35 | 4.60 | 2.40 | 4.405 | 538 | 0.00 | -0.561 | -0.097 | 0.008 |
| put | 17.50 | 2.20 | 6.10 | 5.10 | 4.024 | 197 | 0.00 | -0.773 | -0.065 | 0.006 |
| put | 20.00 | 4.40 | 8.40 | 7.00 | 4.566 | 16.00 | 0.00 | -0.807 | -0.073 | 0.006 |
| put | 22.50 | 6.90 | 10.90 | 6.40 | 5.071 | 18.00 | 0.00 | -0.898 | -0.044 | 0.004 |
| put | 25.00 | 9.40 | 13.40 | 5.25 | 5.496 | 84.00 | 0.00 | -0.908 | -0.047 | 0.004 |
| put | 30.00 | 14.40 | 18.40 | 6.50 | 6.184 | 35.00 | 0.00 | -0.971 | -0.015 | 0.001 |
| put | 35.00 | 19.40 | 23.40 | 0.00 | 6.730 | 0.00 | 0.00 | -0.974 | -0.016 | 0.001 |
| put | 40.00 | 24.40 | 28.40 | 0.00 | 7.181 | 0.00 | 0.00 | -0.976 | -0.016 | 0.001 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-09 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-09 | 8-K | Current report | 2026-11-06 | SEC |
| 2026-11-05 | SCHEDULE 13G/A | SEC | ||
| 2026-11-02 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-30 | SEC |
| 2026-10-26 | 8-K | Current report | 2026-10-25 | SEC |
| 2026-10-19 | 8-K | Current report | 2026-10-19 | SEC |
| 2026-10-13 | SCHEDULE 13G | SEC | ||
| 2026-10-13 | 8-K | Current report | 2026-10-12 | SEC |
| 2026-10-08 | SCHEDULE 13D/A | SEC | ||
| 2026-10-06 | 8-K | Current report | 2026-10-06 | SEC |
| 2026-08-12 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-12 | 8-K | Current report | 2026-08-11 | SEC |
| 2026-07-27 | SCHEDULE 13G/A | SEC | ||
| 2026-06-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-18 | SEC |
| 2026-06-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-18 | SEC |
| 2026-06-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-18 | SEC |
| 2026-06-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-18 | SEC |
| 2026-06-22 | 8-K | Current report | 2026-06-18 | SEC |
| 2026-05-11 | 8-K | Current report | 2026-05-11 | SEC |
| 2026-05-11 | 424B5 | SEC | ||
| 2026-05-11 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-05-11 | 8-K | Current report | 2026-05-11 | SEC |
| 2026-05-06 | SCHEDULE 13G/A | SEC | ||
| 2026-04-28 | ARS | Annual report to security holders. | 2025-12-31 | SEC |
| 2026-04-28 | DEFA14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | SEC | |
| 2026-04-28 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-06-18 | SEC |
| 2026-03-17 | 8-K | Current report | 2026-03-17 | SEC |
| 2026-03-05 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | SEC | |
| 2026-03-05 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2025-12-31 | SEC |
| 2026-03-05 | 8-K | Current report | 2026-03-05 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 12.98M | 1 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| MONTANOVA CAPITAL, LLC | 9.70% |
| INFINITUM ASSET MANAGEMENT, LLC | 9.53% |
| HHLR ADVISORS, LTD. | 8.44% |
| BlackRock, Inc. | 6.98% |
| ORBIMED ADVISORS LLC | 6.50% |
| FMR LLC | 6.02% |
| Octagon Capital Advisors LP | 4.23% |
| VANGUARD CAPITAL MANAGEMENT LLC | 3.81% |
| Sofinnova Investments, Inc. | 3.64% |
| STATE STREET CORP | 3.63% |
Funds
| Fund | % owned |
|---|---|
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 2.87% |
| Select Biotechnology Portfolio | 2.68% |
| iShares Russell 2000 ETF | 2.11% |
| State Street(R) SPDR(R) S&P(R) Biotech ETF | 1.89% |
| Fidelity Small Cap Index Fund | 0.89% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.85% |
| iShares Russell 2000 Growth ETF | 0.75% |
| Fidelity Growth Company Fund | 0.66% |
| Fidelity Small Cap Growth Fund | 0.64% |
| iShares Biotechnology ETF | 0.49% |
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