Bicara Therapeutics Inc
BCAXHealthcare·Biotechnology·USA·Small·NASD·Nov 11 • 10:47 AM ET
Price
BCAX against its 20, 50 and 200-day averages64.2% under the 52-week high of 30.99 on 7 Jul 2026. 52-week low 7.87 on 2 Nov 2026. Last 15 sessions, 129.6% high to low
Profile
BCAXBicara Therapeutics, Inc. is a clinical-stage biotechnology company and develops biologics engineered to combine the precision of well validated, tumor-targeting antibodies with the power of tumor microenvironment modulators. The company's bi-functional antibodies are designed to deliver an immunomodulatory payload directly to the tumor microenvironment to ramp up immune cell activity, offering the potential for synergistic therapeutic impact at the site of the tumor. Its products include BCA101, a first-in-class EGFR/TGF-ß-trap bifunctional antibody in clinical development for multiple tumor types. The company was founded on December 12, 2018 and is headquartered in Boston, MA.
| Index | RUT |
|---|---|
| Employees | 103 |
| IPO | Sep 13, 2024 |
| Beta | -0.41 |
| ATR, 14d | 1.32 |
| Rel volume | 1.34 |
| Short float | 22.54% |
| Insider own | 33.86% |
| Inst own | 78.07% |
Snapshot
6 groupsValuation
| Index | RUT |
|---|---|
| Market Cap | 736.90M |
| Enterprise Value | 295.43M |
| Income | -220.28M |
| Sales | 0.00M |
| Book/sh | 6.17 |
| Cash/sh | 6.66 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 103 |
| IPO | Sep 13, 2024 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | - |
| P/B | 1.80 |
| P/C | 1.67 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | 8.81 |
| Current Ratio | 8.81 |
| Debt/Eq | 0.00 |
| LT Debt/Eq | 0.00 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | -3.46 |
|---|---|
| EPS next Y | -4.02 |
| EPS next Q | -0.99 |
| EPS this Y | -47.50% |
| EPS next Y | -8.26% |
| EPS next 5Y | -14.07% |
| EPS past 3/5Y | -53.65% - |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | -55.27% |
| Sales Y/Y TTM | - |
| EPS Q/Q | -56.50% |
| Sales Q/Q | - |
| Earnings | Nov 09 BMO |
| EPS/Sales Surpr. | -26.83% - |
Ownership
| Insider Own | 33.86% |
|---|---|
| Insider Trans | -0.72% |
| Inst Own | 78.07% |
| Inst Trans | -4.10% |
| ROA | -49.76% |
| ROE | -54.24% |
| ROIC | -53.80% |
| Gross Margin | - |
| Oper. Margin | - |
| Profit Margin | - |
| SMA20 | -14.51% |
| SMA50 | -36.15% |
| SMA200 | -46.90% |
| Trades | - |
Technical
| Shs Outstand | 66.35M |
|---|---|
| Shs Float | 43.76M |
| Short Float | 22.54% |
| Short Ratio | 8.74 |
| Short Interest | 9.86M |
| 52W High | 30.99 -64.18% |
| 52W Low | 7.87 41.04% |
| Volatility | 10.50% 12.74% |
| ATR (14) | 1.32 |
| RSI (14) | 39.05 |
| Beta | -0.41 |
| Rel Volume | 1.34 |
| Avg Volume | 1.13M |
| Volume | 359,794 |
Performance
| Perf Week | 24.86% |
|---|---|
| Perf Month | -35.99% |
| Perf Quarter | -53.03% |
| Perf Half Y | -47.12% |
| Perf YTD | -34.05% |
| Perf Year | -24.64% |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.29 |
| Target Price | 32.17 |
| Prev Close | 10.18 |
| Price | 11.10 |
| Change % | 9.04% |
Analyst ratings
latest 10 of 17| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Oct 30, 2026 | Downgrade | GGoldman | Neutral → Sell | $8 | -27.9% |
| Aug 19, 2026 | Initiated | BBMO Capital Markets | Outperform | $35 | +215.3% |
| May 11, 2026 | Initiated | GGuggenheim | Buy | $42 | +278.4% |
| Mar 25, 2026 | Initiated | BBofA Securities | Buy | $35 | +215.3% |
| Jan 29, 2026 | Initiated | CCitizens JMP | Mkt Perform | $31 | +179.3% |
| Jan 08, 2026 | Initiated | BBTIG Research | Buy | $28 | +152.3% |
| Dec 18, 2025 | Initiated | MMizuho | Neutral | $18 | +62.2% |
| Aug 19, 2025 | Initiated | PPiper Sandler | Overweight | $36 | +224.3% |
| May 23, 2025 | Upgrade | WWells Fargo | Underweight → Equal Weight | $8 | -27.9% |
| Apr 17, 2025 | Initiated | WWells Fargo | Underweight | $8 | -27.9% |
Peers
Mkt capInsider trading
latest 14 of 100| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| DAVID RABEN | Officer | Oct 21 '26 | Proposed Sale | 18.12 | 24,777 | 449,026 | Oct 21 04:55 PM | |
| Cohlhepp Ryan | President, COO & Interim CEO | Sep 08 '26 | Option Exercise | 3.79 | 17,500 | 66,322 | 199,141 | Sep 10 04:23 PM |
| Cohlhepp Ryan | President, COO & Interim CEO | Sep 08 '26 | Sale | 22.90 | 17,500 | 400,716 | 181,641 | Sep 10 04:23 PM |
| Hyep Ivan | Officer | Sep 08 '26 | Proposed Sale | 22.64 | 12,500 | 283,000 | Sep 08 04:05 PM | |
| Cohlhepp Ryan | Officer | Sep 08 '26 | Proposed Sale | 22.64 | 17,500 | 396,200 | Sep 08 04:04 PM | |
| Hyep Ivan | Chief Financial Officer | Aug 10 '26 | Option Exercise | 3.79 | 12,500 | 47,372 | 142,355 | Aug 12 04:19 PM |
| Hyep Ivan | Chief Financial Officer | Aug 10 '26 | Sale | 27.97 | 12,500 | 349,591 | 129,855 | Aug 12 04:19 PM |
| Mazumdar Claire | Chief Executive Officer | Aug 10 '26 | Option Exercise | 3.79 | 10,000 | 37,898 | 372,152 | Aug 12 04:19 PM |
| Mazumdar Claire | Chief Executive Officer | Aug 10 '26 | Sale | 27.98 | 10,000 | 279,750 | 362,152 | Aug 12 04:19 PM |
| Cohlhepp Ryan | President and COO | Aug 10 '26 | Option Exercise | 3.79 | 18,750 | 71,059 | 200,391 | Aug 12 04:19 PM |
| Cohlhepp Ryan | President and COO | Aug 10 '26 | Sale | 27.98 | 18,750 | 524,533 | 181,641 | Aug 12 04:19 PM |
| Hyep Ivan | Officer | Aug 10 '26 | Proposed Sale | 27.83 | 12,500 | 347,875 | Aug 10 04:18 PM | |
| Cohlhepp Ryan | Officer | Aug 10 '26 | Proposed Sale | 27.83 | 18,750 | 521,812 | Aug 10 04:16 PM | |
| Mazumdar Claire | Officer | Aug 10 '26 | Proposed Sale | 27.83 | 10,000 | 278,300 | Aug 10 04:09 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| IWM | iShares Russell 2000 Index Fund | AUM: 77.38B |
| XBI | State Street SPDR S&P Biotech ETF | AUM: 10.50B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| VTWO | Vanguard Russell 2000 Index ETF | AUM: 16.75B |
| IWO | iShares Russell 2000 Growth ETF | AUM: 14.06B |
| IBB | iShares Biotechnology ETF | AUM: 11.36B |
| DFAS | U.S. Small Cap Portfolio-ETF Class Shares | - |
| SCHA | Schwab U.S. Small-Cap ETF | AUM: 22.25B |
| VHT | Vanguard Health Care ETF | AUM: 21.51B |
News
latest 14 of 156- Bicara Therapeutics Misses As Losses Widen; Enrollment Milestone Overshadowed By A Competitive Reset In Head And Neck Cancer (Earnings Whispers) +15.38%
- Bicara Therapeutics Reports Third Quarter 2026 Financial Results and Provides Business Update (GlobeNewswire)
- Bicara Therapeutics Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4) (GlobeNewswire)
- Bicara Heads Into Third-Quarter Report After 60% Slide With Leadership And Cash Under Scrutiny (Earnings Whispers) -13.14%
- Bicara Therapeutics to Report Third Quarter 2026 Financial Results and Business Updates on November 9, 2026, at 8:30 AM ET (GlobeNewswire)
- Loading…
- Bicara Therapeutics Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4) (GlobeNewswire)
- Bicara Therapeutics Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4) (GlobeNewswire)
- Bicara Therapeutics Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4) (GlobeNewswire)
- Bicara Therapeutics stock gains 3% as pivotal trial enrollment advances (InvestorsHub) -14.32%
- Bicara Therapeutics Reports Second Quarter 2026 Progress and Announces Strategic Leadership Transitions Marking Next Era of Execution and Growth (GlobeNewswire)
- Bicara Therapeutics to Report Second Quarter 2026 Financial Results and Business Updates on August 11, 2026, at 8:30 AM ET (GlobeNewswire)
- Bicara Therapeutics Announces Appointments of Jeremy Bender and Christy Oliger to Board of Directors (GlobeNewswire)
- Bicara Therapeutics Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4) (GlobeNewswire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-09 | -1.040 | -0.820 | -1.040 | 0.00 | 0.00 | 12 |
| 2026Q2 | 2026-08-11 | -0.820 | -0.820 | -0.816 | 0.00 | 0.00 | 14 |
| 2026Q1 | 2026-05-11 | -0.930 | -0.649 | -0.926 | 0.00 | 0.00 | 14 |
| 2025Q4 | 2026-03-30 | -0.680 | -0.672 | -0.678 | 0.00 | 0.00 | 12 |
| 2025Q3 | 2025-11-10 | -0.670 | -0.541 | -0.666 | 0.00 | 0.00 | 9 |
| 2025Q2 | 2025-08-12 | -0.500 | -0.554 | -0.502 | 0.00 | 0.00 | 7 |
| 2025Q1 | 2025-05-13 | -0.680 | -0.415 | -0.677 | 0.00 | 0.00 | 8 |
| 2024Q4 | 2025-03-27 | -0.390 | -0.329 | -0.385 | 0.00 | 0.00 | 8 |
| 2024Q3 | 2024-11-12 | -1.600 | -0.410 | -0.321 | 0.00 | 0.00 | 5 |
| 2024Q2 | 2024-08-28 | -0.440 | - | -0.313 | 0.00 | - | - |
| 2026Q4 | - | - | -0.985 | - | - | 0.00 | 12 |
| 2027Q1 | - | - | -0.982 | - | - | 0.00 | 6 |
| 2027Q2 | - | - | -1.005 | - | - | 0.00 | 6 |
| 2027Q3 | - | - | -1.012 | - | - | 0.00 | 6 |
| 2027Q4 | - | - | -1.055 | - | - | 0.00 | 6 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2024FY | -4.050 | -2.420 | -1.249 | 0.00 | 0.00 |
| 2025FY | -2.520 | -2.516 | -2.520 | 0.00 | 0.00 |
| 2026FY | - | -3.705 | - | - | 0.00 |
| 2027FY | - | -3.973 | - | - | 0.00 |
| 2028FY | - | -3.740 | - | - | 39.97 |
| 2029FY | - | -2.505 | - | - | 209.1 |
| 2030FY | - | 0.726 | - | - | 540.37 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | S | 2026-11-09 | 11 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-08-19 | 10 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-08-11 | 11 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-07-08 | 11 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-05-11 | 12 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-05-08 | 11 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-03-30 | 10 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-01-28 | 5 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2025-11-11 | 4 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2025-11-10 | 4 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2025-11-09 | 2 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | R | 2026-11-10 | 12 | 0 | 8 | -0.99 | -1.17 | -0.47 |
| 2026Q4 | R | 2026-11-09 | 12 | 0 | 6 | -0.95 | -1.17 | -0.47 |
| 2026Q4 | R | 2026-11-03 | 12 | 0 | 0 | -0.86 | -0.97 | -0.47 |
Estimate history
| EPS, annual | -0.696 | -0.955 | -1.249 | -2.523 | -3.4619 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2022 | 2023 | 2024 | 2025 | TTM | ||||
| EPS, quarterly | -0.321 | -0.385 | -0.677 | -0.502 | -0.666 | -0.678 | -0.926 | -0.816 | -1.042 |
| 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 | ||||
| Period | 2022 | 2023 | 2024 | 2025 | TTM | ||||
| Sales, quarterly | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Shares, annual | 54.41 | 54.41 | 54.44 | 56.601 | 66.353 | ||||
| Period | 2022 | 2023 | 2024 | 2025 | MRQ | ||||
| Shares, quarterly | 54.41 | 54.44 | 54.529 | 54.556 | 54.612 | 56.601 | 65.547 | 65.931 | 66.353 |
| 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 |
|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | 0.19 | 0.10 | 0.06 | 0.02 | 0.01 |
| Gross Profit | -0.19 | -0.10 | -0.06 | -0.02 | -0.01 |
| Selling, General and Administrative Excl. Other | 236.84 | 155.50 | 82.33 | 39.87 | 37.65 |
| Research and Development | 182.74 | 125.10 | 63.62 | 30.62 | 31.31 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -237.03 | -155.60 | -82.39 | -39.89 | -37.66 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 13.40 | 0.00 |
| Net Income Before Taxes | -220.06 | -137.73 | -67.81 | -51.98 | -37.84 |
| Income Taxes | 0.22 | 0.22 | 0.19 | 0.01 | 0.00 |
| Consolidated Net Income | -220.28 | -137.95 | -68.00 | -51.98 | -37.84 |
| Net Income From Continuing Operations | -220.28 | -137.95 | -68.00 | -51.98 | -37.84 |
| Net Income | -220.28 | -137.95 | -68.00 | -51.98 | -37.84 |
| EPS (Recurring) | -3.22 | -2.52 | -1.25 | -0.78 | -0.70 |
| EPS (Basic, Before Extraordinaries) | -3.46 | -2.52 | -1.25 | -0.96 | -0.70 |
| EPS (Diluted) | -3.46 | -2.52 | -1.25 | -0.96 | -0.70 |
| EBITDA | -236.84 | -155.50 | -82.33 | -39.87 | -37.65 |
| Non-Operating Income (Expense) | 16.96 | 17.87 | 14.58 | 1.31 | -0.08 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 22.53 | 11.85 | 5.84 | 1.50 | 0.64 |
| Shares Outstanding | 66.35 | 56.60 | 54.44 | 54.41 | 54.41 |
| Market Capitalization | 673.64 | 673.64 | 947.92 | 925.07 | - |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | 0.06 | 0.04 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 | 0.01 |
| Gross Profit | -0.06 | -0.04 | -0.04 | -0.04 | -0.02 | -0.02 | -0.02 | -0.01 |
| Selling, General and Administrative Excl. Other | 75.65 | 59.91 | 60.20 | 41.08 | 40.65 | 32.00 | 41.77 | 26.62 |
| Research and Development | 56.48 | 45.77 | 47.50 | 32.99 | 32.98 | 24.80 | 34.33 | 19.88 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -75.71 | -59.95 | -60.24 | -41.12 | -40.68 | -32.02 | -41.79 | -26.64 |
| 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 | -71.19 | -55.38 | -56.16 | -37.33 | -36.29 | -27.34 | -36.77 | -20.77 |
| Income Taxes | 0.05 | 0.06 | 0.05 | 0.05 | 0.04 | 0.05 | 0.07 | 0.19 |
| Consolidated Net Income | -71.25 | -55.44 | -56.21 | -37.39 | -36.33 | -27.39 | -36.85 | -20.96 |
| Net Income From Continuing Operations | -71.25 | -55.44 | -56.21 | -37.39 | -36.33 | -27.39 | -36.85 | -20.96 |
| Net Income | -71.25 | -55.44 | -56.21 | -37.39 | -36.33 | -27.39 | -36.85 | -20.96 |
| EPS (Recurring) | -1.04 | -0.82 | -0.93 | -0.68 | -0.67 | -0.50 | -0.68 | -0.38 |
| EPS (Basic, Before Extraordinaries) | -1.04 | -0.82 | -0.93 | -0.68 | -0.67 | -0.50 | -0.68 | -0.39 |
| EPS (Diluted) | -1.04 | -0.82 | -0.93 | -0.68 | -0.67 | -0.50 | -0.68 | -0.39 |
| EBITDA | -75.65 | -59.91 | -60.20 | -41.08 | -40.65 | -32.00 | -41.77 | -26.62 |
| Non-Operating Income (Expense) | 4.52 | 4.58 | 4.08 | 3.79 | 4.39 | 4.68 | 5.01 | 5.87 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 7.88 | 6.51 | 4.63 | 3.51 | 2.86 | 2.76 | 2.73 | 2.51 |
| Shares Outstanding | 66.35 | 65.93 | 65.55 | 56.60 | 54.61 | 54.56 | 54.53 | 54.44 |
| Market Capitalization | 673.64 | 1,950.75 | 1,260.29 | 921.98 | 861.55 | 506.64 | 709.04 | 947.92 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|
| Cash & Short Term Investments | 414.80 | 489.71 | 230.44 | 4.16 |
| Short Term Receivables | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 7.25 | 12.82 | 0.63 | 0.83 |
| Total Current Assets | 422.05 | 502.53 | 231.07 | 4.98 |
| Net Property, Plant & Equipment | 2.03 | 0.84 | 0.81 | 0.64 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets | 98.30 | 59.20 | - | - |
| Other Assets | 6.91 | 6.62 | 2.09 | 1.08 |
| Total Assets | 529.30 | 569.20 | 233.98 | 6.70 |
| Short Term Debt Incl. Current Port. of LT Debt | 1.12 | 0.61 | 0.28 | 0.00 |
| Accounts Payable | 7.79 | 4.51 | 3.19 | 5.14 |
| Other Current Liabilities | 20.04 | 12.88 | 11.61 | 18.76 |
| Total Current Liabilities | 28.95 | 17.99 | 15.09 | 23.90 |
| Long Term Debt | 0.59 | 0.13 | 0.37 | 0.00 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 98.30 | 59.20 | - | - |
| Other Liabilities | 0.00 | 0.00 | 0.02 | 0.09 |
| Total Liabilities | 127.84 | 77.32 | 15.47 | 23.98 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 367.28 | 81.53 |
| Common Equity | 401.45 | 491.88 | -148.77 | -98.80 |
| Total Shareholders Equity | 401.45 | 491.88 | 218.51 | -17.28 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 401.45 | 491.88 | 218.51 | -17.28 |
| Total Liabilities & Stockholders Equity | 529.30 | 569.20 | 233.98 | 6.70 |
| Book Value Per Share | 7.09 | 9.04 | -2.73 | -1.82 |
| Tangible Book Value Per Share | 7.09 | 9.04 | -2.73 | -1.82 |
| Full-Time Employees | 103 | 55 | - | - |
| Price to Book Ratio | 1.65 | 1.86 | 1.82 | - |
| Return on Assets | -25.12 | -16.93 | -43.20 | - |
| Return on Equity | -30.88 | -19.14 | -51.67 | - |
| Return on Invested Capital | -34.31 | -13.82 | -23.75 | - |
| Quick Ratio | 14.58 | 27.93 | 15.32 | 0.21 |
| Current Ratio | 14.58 | 27.93 | 15.32 | 0.21 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|---|
| Net Income | -220.28 | -137.95 | -68.00 | -51.98 | -37.84 |
| Depreciation | 0.19 | 0.10 | 0.06 | 0.02 | 0.01 |
| Other Funds (Non Cash) | 30.68 | 16.20 | 7.32 | 15.96 | 0.81 |
| Funds from Operations | -189.41 | -121.64 | -60.62 | -36.00 | -37.02 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 27.68 | 14.81 | -14.13 | -9.62 | 4.95 |
| Cash from Operating Activities | -161.73 | -106.83 | -74.75 | -45.63 | -32.08 |
| Capital Expenditures | -1.02 | -0.28 | -0.07 | -0.59 | -0.19 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -127.02 | -318.17 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | -327.02 | -318.17 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 200.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -128.04 | -318.45 | -0.01 | -0.59 | -0.19 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 200.12 | 32.26 | 334.03 | 272.50 | 31.70 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 200.12 | 32.26 | 334.03 | 272.50 | 31.70 |
| Proceedsfrom Stock Options | 191.26 | 29.50 | 332.43 | 272.35 | 31.54 |
| Issuance or Reduction of Debt, Net | 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 |
| Issuance of Long Term Debt | 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 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 200.12 | 32.26 | 334.03 | 272.50 | 31.70 |
| Net Change in Cash | -89.65 | -393.03 | 259.27 | 226.28 | -0.57 |
| Free Cash Flow | -162.75 | -107.11 | -74.82 | -46.21 | -32.27 |
| 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 |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 442.35 | 497.26 | 539.75 | 414.80 | 290.17 | 436.61 |
| Short Term Receivables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 9.06 | 6.56 | 5.16 | 7.25 | 7.21 | 7.79 |
| Total Current Assets | 451.41 | 503.82 | 544.91 | 422.05 | 297.37 | 444.39 |
| Net Property, Plant & Equipment | 1.69 | 1.51 | 1.77 | 2.03 | 2.10 | 2.35 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 117.42 | 0.00 |
| Deferred Tax Assets | - | - | - | 98.30 | - | - |
| Other Assets | 7.54 | 6.91 | 6.91 | 6.91 | 7.79 | 6.84 |
| Total Assets | 460.64 | 512.24 | 553.60 | 529.30 | 424.69 | 453.59 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.88 | 1.16 | 1.14 | 1.12 | 1.09 | 1.07 |
| Accounts Payable | 3.64 | 8.46 | 7.44 | 7.79 | 3.66 | 2.91 |
| Other Current Liabilities | 46.71 | 33.85 | 30.76 | 20.04 | 16.27 | 13.24 |
| Total Current Liabilities | 51.23 | 43.48 | 39.34 | 28.95 | 21.03 | 17.23 |
| Long Term Debt | 0.00 | 0.00 | 0.30 | 0.59 | 0.88 | 1.16 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | - | - | - | 98.30 | - | - |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 51.23 | 43.48 | 39.64 | 127.84 | 21.91 | 18.39 |
| 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 | 409.41 | 468.77 | 513.96 | 401.45 | 402.78 | 435.20 |
| Total Shareholders Equity | 409.41 | 468.77 | 513.96 | 401.45 | 402.78 | 435.20 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 409.41 | 468.77 | 513.96 | 401.45 | 402.78 | 435.20 |
| Total Liabilities & Stockholders Equity | 460.64 | 512.24 | 553.60 | 529.30 | 424.69 | 453.59 |
| Book Value Per Share | 6.17 | 7.11 | 7.84 | 7.09 | 7.38 | 7.98 |
| Tangible Book Value Per Share | 6.17 | 7.11 | 7.84 | 7.09 | 7.38 | 7.98 |
| Full-Time Employees | - | - | - | 103 | - | - |
| Price to Book Ratio | 1.65 | 3.79 | 2.80 | 2.28 | 1.98 | 1.10 |
| Return on Assets | -49.76 | -38.38 | -30.50 | -25.12 | -25.61 | -31.00 |
| Return on Equity | -54.24 | -41.01 | -32.34 | -30.88 | -26.64 | -32.71 |
| Return on Invested Capital | -17.40 | -11.83 | -10.93 | -9.30 | -9.00 | -6.28 |
| Quick Ratio | 8.81 | 11.59 | 13.85 | 14.58 | 14.14 | 25.80 |
| Current Ratio | 8.81 | 11.59 | 13.85 | 14.58 | 14.14 | 25.80 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Net Income | -71.25 | -55.44 | -56.21 | -37.39 | -36.33 | -27.39 |
| Depreciation | 0.06 | 0.04 | 0.04 | 0.04 | 0.02 | 0.02 |
| Other Funds (Non Cash) | 10.44 | 8.75 | 6.47 | 5.01 | 3.90 | 3.70 |
| Funds from Operations | -60.75 | -46.64 | -49.70 | -32.33 | -32.41 | -23.67 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 4.62 | 2.43 | 12.19 | 8.44 | 3.16 | -1.93 |
| Cash from Operating Activities | -56.13 | -44.21 | -37.51 | -23.89 | -29.25 | -25.59 |
| Capital Expenditures | -0.66 | -0.06 | -0.06 | -0.24 | -0.04 | 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 | 39.00 | -184.93 | 101.00 | -82.09 | -236.08 | 0.00 |
| Purchase of Investments | 0.00 | -244.93 | 0.00 | -82.09 | -236.08 | 0.00 |
| Sale Or Maturity of Investments | 39.00 | 60.00 | 101.00 | 0.00 | 0.00 | 0.00 |
| 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 | 38.34 | -184.99 | 100.94 | -82.33 | -236.12 | 0.00 |
| 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 | 3.21 | 2.33 | 163.34 | 31.23 | 0.44 | 0.14 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 3.21 | 2.33 | 163.34 | 31.23 | 0.44 | 0.14 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 161.76 | 29.50 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 3.21 | 2.33 | 163.34 | 31.23 | 0.44 | 0.14 |
| Net Change in Cash | -14.58 | -226.86 | 226.78 | -74.99 | -264.93 | -25.46 |
| Free Cash Flow | -56.79 | -44.27 | -37.57 | -24.12 | -29.29 | -25.59 |
Revenue breakdown
| Revenue split | - |
|---|
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 22.54% | 9.9M | 43.8M | 1.02M |
| 2026-10-15 | 23.53% | 10.3M | 43.8M | 656.13K |
| 2026-09-30 | 24.57% | 10.7M | 43.5M | 626.72K |
| 2026-09-15 | 25.72% | 11.2M | 43.5M | 724.06K |
| 2026-08-31 | 24.92% | 10.8M | 43.5M | 724.07K |
| 2026-08-14 | 24.13% | 10.5M | 43.4M | 722.26K |
| 2026-07-31 | 24.49% | 9.6M | 39.2M | 687.19K |
| 2026-07-15 | 23.77% | 9.3M | 39.2M | 680.55K |
| 2026-06-30 | 26.95% | 10.1M | 37.6M | 669.35K |
| 2026-06-15 | 27.05% | 10.2M | 37.6M | 537.09K |
| 2026-05-29 | 26.85% | 10.1M | 37.6M | 554.33K |
| 2026-05-15 | 22.53% | 9.8M | 43.7M | 588.92K |
| 2026-04-30 | 21.56% | 8.9M | 41.3M | 549.34K |
| 2026-04-15 | 22.59% | 9.3M | 41.3M | 550.73K |
| 2026-03-31 | 25.39% | 9.6M | 38.0M | 524.02K |
| 2026-03-13 | 25.47% | 9.4M | 36.8M | 533.27K |
| 2026-02-27 | 29.17% | 9.3M | 31.8M | 529.57K |
| 2026-02-13 | 27.74% | 8.8M | 31.8M | 542.25K |
| 2026-01-30 | 27.81% | 8.9M | 32.0M | 600.43K |
| 2026-01-15 | 27.85% | 8.9M | 32.0M | 672.49K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 2.50 | 6.00 | 10.50 | 0.00 | 0.000 | 0.00 | 0.00 | 0.988 | -0.016 | 0.001 |
| call | 5.00 | 3.50 | 7.50 | 0.00 | 8.439 | 0.00 | 0.00 | 0.977 | -0.015 | 0.001 |
| call | 7.50 | 1.00 | 5.40 | 0.00 | 5.762 | 0.00 | 0.00 | 0.959 | -0.014 | 0.002 |
| call | 10.00 | 0.00 | 4.90 | 0.30 | 6.741 | 1,052 | 0.00 | 0.783 | -0.255 | 0.005 |
| call | 12.50 | 0.00 | 0.90 | 0.20 | 2.113 | 1,369 | 0.00 | 0.435 | -0.081 | 0.007 |
| call | 15.00 | 0.00 | 4.20 | 0.00 | 8.051 | 0.00 | 0.00 | 0.647 | -0.280 | 0.006 |
| call | 17.50 | 0.00 | 4.90 | 1.50 | 8.635 | 140 | 0.00 | 0.630 | -0.307 | 0.006 |
| call | 20.00 | 0.00 | 4.90 | 1.00 | 9.164 | 80.00 | 0.00 | 0.619 | -0.329 | 0.007 |
| call | 22.50 | 0.00 | 4.90 | 0.00 | 9.608 | 0.00 | 0.00 | 0.610 | -0.348 | 0.007 |
| call | 25.00 | 0.00 | 4.90 | 1.30 | 9.989 | 1.00 | 0.00 | 0.603 | -0.363 | 0.007 |
| call | 30.00 | 0.00 | 4.90 | 0.03 | 10.617 | 1.00 | 0.00 | 0.592 | -0.389 | 0.007 |
| put | 2.50 | 0.00 | 4.00 | 0.00 | 0.000 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 |
| put | 5.00 | 0.00 | 0.05 | 0.05 | 31.480 | 24.00 | 0.00 | -0.004 | -0.036 | 0.000 |
| put | 7.50 | 0.00 | 0.05 | 0.13 | 13.406 | 531 | 0.00 | -0.109 | -0.235 | 0.003 |
| put | 10.00 | 0.00 | 4.90 | 0.00 | 8.142 | 0.00 | 0.00 | -0.252 | -0.216 | 0.005 |
| put | 12.50 | 0.00 | 4.90 | 3.70 | 5.832 | 4.00 | 0.00 | -0.287 | -0.270 | 0.006 |
| put | 15.00 | 2.50 | 6.50 | 0.70 | 5.447 | 0.00 | 0.00 | -0.664 | -0.101 | 0.006 |
| put | 17.50 | 4.60 | 9.00 | 1.35 | 6.168 | 28.00 | 0.00 | -0.685 | -0.125 | 0.006 |
| put | 20.00 | 7.40 | 11.50 | 0.00 | 6.589 | 0.00 | 0.00 | -0.708 | -0.139 | 0.006 |
| put | 22.50 | 9.60 | 14.00 | 0.00 | 7.047 | 0.00 | 0.00 | -0.723 | -0.149 | 0.006 |
| put | 25.00 | 12.50 | 16.50 | 0.00 | 7.581 | 0.00 | 0.00 | -0.735 | -0.156 | 0.006 |
| put | 30.00 | 17.50 | 21.50 | 0.00 | 8.083 | 0.00 | 0.00 | -0.750 | -0.169 | 0.006 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-10 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | SEC | |
| 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 | 2026-11-09 | SEC |
| 2026-10-21 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-10-07 | SCHEDULE 13G/A | SEC | ||
| 2026-09-10 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-08 | SEC |
| 2026-09-08 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-09-08 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-08-25 | 8-K | Current report | 2026-08-21 | SEC |
| 2026-08-14 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-12 | SEC |
| 2026-08-14 | 3 | Initial statement of beneficial ownership of securities | 2026-08-12 | SEC |
| 2026-08-13 | SCHEDULE 13G/A | SEC | ||
| 2026-08-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-10 | SEC |
| 2026-08-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-10 | SEC |
| 2026-08-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-10 | SEC |
| 2026-08-11 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | SEC | |
| 2026-08-11 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-11 | 8-K | Current report | 2026-08-11 | SEC |
| 2026-08-10 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-08-10 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-08-10 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-07-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-28 | SEC |
| 2026-07-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-28 | SEC |
| 2026-07-29 | 3 | Initial statement of beneficial ownership of securities | 2026-07-28 | SEC |
| 2026-07-29 | 3 | Initial statement of beneficial ownership of securities | 2026-07-28 | SEC |
| 2026-07-28 | 8-K | Current report | 2026-07-23 | SEC |
| 2026-07-27 | SCHEDULE 13G | SEC | ||
| 2026-07-14 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-10 | SEC |
| 2026-07-10 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-07-10 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-08 | 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 | 400.72K | 1 |
| 2026-08 | 0 | 0 | 1.15M | 3 |
| 2026-07 | 0 | 0 | 1.92M | 4 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 742.11K | 3 |
| 2026-04 | 0 | 0 | 979.18K | 4 |
| 2026-03 | 0 | 0 | 2.58M | 15 |
| 2026-02 | 4.80M | 1 | 65.50K | 1 |
| 2026-01 | 0 | 0 | 106.14K | 3 |
| 2025-12 | 0 | 0 | 402.04K | 2 |
| 2025-11 | 0 | 0 | 1.55M | 6 |
Institutional holders
| Manager | % owned |
|---|---|
| RA CAPITAL MANAGEMENT, L.P. | 11.04% |
| T. Rowe Price Investment Management, Inc. | 9.65% |
| Siren, L.L.C. | 8.53% |
| Vestal Point Capital, LP | 7.99% |
| Deep Track Capital, LP | 6.24% |
| BlackRock, Inc. | 5.86% |
| Jupiter Topco LLC | 4.83% |
| TPG GP A, LLC | 4.58% |
| Red Tree Management, LLC | 4.41% |
| VANGUARD CAPITAL MANAGEMENT LLC | 3.37% |
Funds
| Fund | % owned |
|---|---|
| T. Rowe Price Small-Cap Stock Fund, Inc. | 3.32% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 2.55% |
| T. Rowe Price Institutional Small-Cap Stock Fund | 1.78% |
| iShares Russell 2000 ETF | 1.75% |
| State Street(R) SPDR(R) S&P(R) Biotech ETF | 1.67% |
| Select Biotechnology Portfolio | 1.36% |
| Franklin Small Cap Growth Fund | 0.95% |
| T. Rowe Price Integrated U.S. Small-Cap Growth Equity Fund | 0.93% |
| T. Rowe Price Small-Cap Value Fund, Inc. | 0.92% |
| T. Rowe Price Health Sciences Fund, Inc. | 0.90% |
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