Boundless Bio Inc
BOLDHealthcare·Biotechnology·USA·Micro·NASD·Nov 11 • 2:47 PM ET
2.40-0.05 (-2.04%)
2026-11-11 21:01 CET
Market cap
55.73 USD m
Revenue, TTM
0.00 USD m
Net income, TTM
-55.50 USD m
Free cash flow, TTM
-57.40 USD m
EPS diluted, TTM
-2.47
P/E
-
Price
BOLD against its 20, 50 and 200-day averages2050200earnings
24.1% under the 52-week high of 3.16 on 24 Aug 2026. 52-week low 0.96 on 5 Feb 2026. Last 15 sessions, 10.9% high to low
Profile
BOLD52-week range, 65% of the way up
0.963.16
Boundless Bio, Inc. is a clinical-stage oncology company, which is dedicated to unlocking a new paradigm in cancer therapeutics that addresses the significant unmet need in patients with oncogene amplified tumors by targeting extrachromosomal DNA. The company was founded by Vineet Bafna, Paul Mischel, Benjamin F. Cravatt, and Jonathan E. Lim on April 10, 2018 and is headquartered in La Jolla, CA.
| Employees | 28 |
|---|---|
| IPO | Mar 28, 2024 |
| Beta | 0.44 |
| ATR, 14d | 0.12 |
| Rel volume | 0.06 |
| Short float | 4.52% |
| Insider own | 23.06% |
| Inst own | 59.38% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 54.59M |
| Enterprise Value | -8.30M |
| Income | -55.50M |
| Sales | 0.00M |
| Book/sh | 2.67 |
| Cash/sh | 2.76 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 28 |
| IPO | Mar 28, 2024 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | - |
| P/B | 0.90 |
| P/C | 0.87 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | 33.97 |
| Current Ratio | 33.97 |
| Debt/Eq | 0.00 |
| LT Debt/Eq | 0.00 |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | -2.47 |
|---|---|
| EPS next Y | -0.75 |
| EPS next Q | -0.23 |
| EPS this Y | 34.23% |
| EPS next Y | 56.14% |
| EPS next 5Y | - |
| EPS past 3/5Y | -8.04% -23.10% |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | 10.69% |
| Sales Y/Y TTM | - |
| EPS Q/Q | 62.16% |
| Sales Q/Q | - |
| Earnings | Aug 17 |
| EPS/Sales Surpr. | -4.04% - |
Ownership
| Insider Own | 23.06% |
|---|---|
| Insider Trans | 9.84% |
| Inst Own | 59.38% |
| Inst Trans | -1.32% |
| ROA | -47.78% |
| ROE | -64.57% |
| ROIC | -89.91% |
| Gross Margin | - |
| Oper. Margin | - |
| Profit Margin | - |
| SMA20 | -0.70% |
| SMA50 | -7.18% |
| SMA200 | 22.47% |
| Trades | - |
Technical
| Shs Outstand | 23.11M |
|---|---|
| Shs Float | 17.50M |
| Short Float | 4.52% |
| Short Ratio | 5.64 |
| Short Interest | 0.79M |
| 52W High | 3.16 -24.14% |
| 52W Low | 0.96 149.69% |
| Volatility | 3.42% 5.44% |
| ATR (14) | 0.12 |
| RSI (14) | 42.34 |
| Beta | 0.44 |
| Rel Volume | 0.06 |
| Avg Volume | 140.19K |
| Volume | 6,786 |
Performance
| Perf Week | 0.00% |
|---|---|
| Perf Month | -1.23% |
| Perf Quarter | -13.51% |
| Perf Half Y | 55.84% |
| Perf YTD | 100.00% |
| Perf Year | 90.48% |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 3.00 |
| Target Price | 4.00 |
| Prev Close | 2.45 |
| Price | 2.40 |
| Change % | -2.04% |
Analyst ratings
latest 6 of 6| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Jun 02, 2025 | Initiated | HH.C. Wainwright | Buy | $5 | +108.3% |
| May 28, 2025 | Downgrade | LLeerink Partners | Outperform → Market Perform | $3 | +25.0% |
| Dec 13, 2024 | Downgrade | GGuggenheim | Buy → Neutral | ||
| Apr 22, 2024 | Initiated | PPiper Sandler | Overweight | $20 | +733.3% |
| Apr 22, 2024 | Initiated | LLeerink Partners | Outperform | $25 | +941.7% |
| Apr 22, 2024 | Initiated | GGuggenheim | Buy | $24 | +900.0% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| BEAM | Beam Therapeutics Inc | 2.66B |
| KRRO | Korro Bio Inc | 206.43M |
| WVE | Wave Life Sciences Inc | 672.55M |
| PRME | Prime Medicine Inc | 756.34M |
| NTLA | Intellia Therapeutics Inc | 1.61B |
| ARVN | Arvinas Inc | 453.66M |
| ACRV | Acrivon Therapeutics Inc | 68.57M |
| OLMA | Olema Pharmaceuticals Inc | 681.61M |
| BDTX | Black Diamond Therapeutics Inc | 91.96M |
| CELC | Celcuity Inc | 3.20B |
Insider trading
latest 14 of 32| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| TANG KEVIN | 10% Owner | Nov 06 '26 | Buy | 2.40 | 1,700 | 4,080 | 3,035,318 | Nov 10 05:09 PM |
| TANG KEVIN | 10% Owner | Nov 10 '26 | Buy | 2.40 | 249 | 598 | 3,035,567 | Nov 10 05:09 PM |
| TANG KEVIN | 10% Owner | Nov 05 '26 | Buy | 2.40 | 8,390 | 20,136 | 3,033,618 | Nov 05 06:14 PM |
| TANG KEVIN | 10% Owner | Nov 03 '26 | Buy | 2.40 | 2,255 | 5,412 | 3,024,711 | Nov 05 06:14 PM |
| TANG KEVIN | 10% Owner | Nov 04 '26 | Buy | 2.40 | 517 | 1,241 | 3,025,228 | Nov 05 06:14 PM |
| TANG KEVIN | 10% Owner | Oct 27 '26 | Buy | 2.40 | 10,707 | 25,697 | 3,022,456 | Oct 29 06:20 PM |
| TANG KEVIN | 10% Owner | Oct 26 '26 | Buy | 2.38 | 9,606 | 22,862 | 3,011,749 | Oct 26 04:51 PM |
| TANG KEVIN | 10% Owner | Oct 23 '26 | Buy | 2.38 | 6,234 | 14,837 | 3,002,143 | Oct 26 04:51 PM |
| TANG KEVIN | 10% Owner | Oct 22 '26 | Buy | 2.40 | 5,800 | 13,920 | 2,995,909 | Oct 26 04:51 PM |
| TANG KEVIN | 10% Owner | Oct 16 '26 | Buy | 2.34 | 118,185 | 276,553 | 2,958,820 | Oct 20 05:49 PM |
| TANG KEVIN | 10% Owner | Oct 19 '26 | Buy | 2.33 | 31,069 | 72,519 | 2,989,889 | Oct 20 05:49 PM |
| TANG KEVIN | 10% Owner | Oct 20 '26 | Buy | 2.37 | 220 | 521 | 2,990,109 | Oct 20 05:49 PM |
| TANG KEVIN | 10% Owner | Aug 26 '26 | Sale | 2.97 | 18,300 | 54,351 | 2,840,635 | Aug 28 04:16 PM |
| TANG KEVIN | 10% Owner | Jul 21 '26 | Buy | 2.44 | 2,975 | 7,259 | 2,858,935 | Jul 21 07:38 PM |
Held by
AUMNews
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- Boundless Bio and Serapha Bio Announce Merger Agreement and $230 Million Concurrent Private Placement (GlobeNewswire)
- Boundless Bio Reports First Quarter 2026 Financial Results and Business Highlights (GlobeNewswire) -5.88%
- Boundless Bio Presents Preclinical Breast Cancer Data from its Oral Kinesin Degrader Program at 2026 AACR Annual Meeting (GlobeNewswire)
- Boundless Bio Announces Upcoming Presentation of Oral Kinesin Degrader Program at the American Association for Cancer Research Annual Meeting 2026 (GlobeNewswire)
- Boundless Bio Reports Fourth Quarter and Full Year 2025 Financial Results and Business Highlights (GlobeNewswire)
- Boundless Bio to Participate in the Leerink Global Healthcare Conference (GlobeNewswire)
- Boundless Bio, Inc. (BOLD) Upgraded to Buy: Here's Why (Zacks)
- Boundless Bio to Participate in the Guggenheim Emerging Outlook: Biotech Summit 2026 (GlobeNewswire)
- Boundless Bio Advances Novel Kinesin Degrader Program BBI-940 and Extends Cash Runway (GlobeNewswire)
- Boundless Bio to Participate in the Piper Sandler 37th Annual Healthcare Conference (GlobeNewswire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q2 | 2026-08-17 | -1.060 | -1.060 | -1.055 | 0.00 | 0.00 | 1 |
| 2026Q1 | 2026-05-08 | -0.600 | -0.577 | -0.605 | 0.00 | 0.00 | 3 |
| 2025Q4 | 2026-03-09 | -0.580 | -0.520 | -0.575 | 0.00 | 0.00 | 3 |
| 2025Q3 | 2025-11-05 | -0.620 | -0.583 | -0.620 | 0.00 | 0.00 | 4 |
| 2025Q2 | 2025-08-05 | -0.700 | -0.650 | -0.701 | 0.00 | 0.00 | 4 |
| 2025Q1 | 2025-05-09 | -0.710 | -0.735 | -0.707 | 0.00 | 0.00 | 2 |
| 2024Q4 | 2025-03-27 | -0.740 | -0.757 | -0.738 | 0.00 | 0.00 | 3 |
| 2024Q3 | 2024-11-07 | -0.740 | -0.748 | -0.742 | 0.00 | 0.00 | 4 |
| 2024Q2 | 2024-08-12 | -0.770 | -0.800 | -0.771 | 0.00 | 0.00 | 4 |
| 2024Q1 | 2024-05-13 | -12.270 | -0.640 | -0.693 | 0.00 | 0.00 | 3 |
| 2026Q3 | - | - | -0.230 | - | - | 0.00 | 1 |
| 2026Q4 | - | - | -0.130 | - | - | 0.00 | 1 |
| 2027Q1 | - | - | -0.700 | - | - | 0.00 | 1 |
| 2027Q2 | - | - | -0.700 | - | - | 0.00 | 1 |
| 2027Q3 | - | - | -0.370 | - | - | 0.00 | 1 |
| 2027Q4 | - | - | -0.360 | - | - | 0.00 | 1 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2023FY | -40.650 | - | -2.223 | 0.00 | - |
| 2024FY | -3.850 | -3.830 | -3.849 | 0.00 | 0.00 |
| 2025FY | -2.600 | -2.470 | -40.650 | 0.00 | 0.00 |
| 2026FY | - | -1.710 | - | - | 0.00 |
| 2027FY | - | -0.750 | - | - | 0.00 |
| 2028FY | - | -1.560 | - | - | - |
| 2029FY | - | -1.340 | - | - | - |
| 2030FY | - | -1.400 | - | - | - |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-08-17 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-06-30 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-06-22 | 2 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-05-08 | 3 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-03-09 | 3 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-11-11 | 3 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-11-10 | 3 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-11-09 | 3 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-11-08 | 3 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-11-07 | 3 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-11-06 | 3 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-11-05 | 3 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-11-04 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-11-03 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
Estimate history
| EPS, annual | -1.134 | -2.064 | -2.223 | -3.849 | -2.603 | -2.4702 | |||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |||
| EPS, quarterly | -0.742 | -0.738 | -0.707 | -0.701 | -0.62 | -0.575 | -0.605 | -1.055 | -0.235 |
| 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 | 0 | |||
| Period | 2021 | 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 | 22.239 | 22.239 | 22.239 | 22.3 | 22.407 | 23.109 | |||
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ | |||
| Shares, quarterly | 22.254 | 22.3 | 22.3 | 22.386 | 22.386 | 22.407 | 22.407 | 22.475 | 23.109 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | 1.95 | 1.25 | 1.09 | 0.96 | 0.94 | 0.68 |
| Gross Profit | -1.95 | -1.25 | -1.09 | -0.96 | -0.94 | -0.68 |
| Selling, General and Administrative Excl. Other | 57.12 | 62.30 | 72.18 | 53.84 | 45.53 | 24.62 |
| Research and Development | 33.02 | 43.59 | 54.18 | 41.68 | 36.22 | 19.28 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -59.06 | -63.55 | -73.27 | -54.80 | -46.47 | -25.30 |
| Interest Expense | 0.00 | 0.00 | 0.00 | - | - | - |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | -55.50 | -58.20 | -65.36 | -49.43 | -45.90 | -25.21 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -55.50 | -58.20 | -65.36 | -49.43 | -45.90 | -25.21 |
| Net Income From Continuing Operations | -55.50 | -58.20 | -65.36 | -49.43 | -45.90 | -25.21 |
| Net Income | -55.50 | -58.20 | -65.36 | -49.43 | -45.90 | -25.21 |
| EPS (Recurring) | -2.43 | -2.60 | -3.85 | -2.22 | -2.06 | -1.13 |
| EPS (Basic, Before Extraordinaries) | -2.47 | -2.60 | -3.85 | -2.22 | -2.06 | -1.13 |
| EPS (Diluted) | -2.47 | -2.60 | -3.85 | -2.22 | -2.06 | -1.13 |
| EBITDA | -57.12 | -62.30 | -72.18 | -53.84 | -45.53 | -24.62 |
| Non-Operating Income (Expense) | 3.56 | 5.36 | 7.90 | 5.36 | 0.57 | 0.09 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 6.21 | 6.12 | 7.52 | 3.34 | 1.81 | 0.85 |
| Shares Outstanding | 23.11 | 22.41 | 22.30 | 22.24 | 22.24 | 22.24 |
| Market Capitalization | 55.73 | 55.73 | 64.67 | 59.99 | - | - |
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 | 0.10 | 1.26 | 0.28 | 0.31 | 0.31 | 0.32 | 0.32 | 0.30 |
| Gross Profit | -0.10 | -1.26 | -0.28 | -0.31 | -0.31 | -0.32 | -0.32 | -0.30 |
| Selling, General and Administrative Excl. Other | 6.10 | 23.13 | 14.19 | 13.70 | 14.84 | 16.74 | 17.02 | 17.98 |
| Research and Development | 1.34 | 12.72 | 9.45 | 9.51 | 10.36 | 11.90 | 11.82 | 13.02 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -6.20 | -24.38 | -14.47 | -14.00 | -15.15 | -17.06 | -17.34 | -18.28 |
| 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 | -5.36 | -23.69 | -13.55 | -12.88 | -13.88 | -15.68 | -15.76 | -16.45 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -5.36 | -23.69 | -13.55 | -12.88 | -13.88 | -15.68 | -15.76 | -16.45 |
| Net Income From Continuing Operations | -5.36 | -23.69 | -13.55 | -12.88 | -13.88 | -15.68 | -15.76 | -16.45 |
| Net Income | -5.36 | -23.69 | -13.55 | -12.88 | -13.88 | -15.68 | -15.76 | -16.45 |
| EPS (Recurring) | -0.23 | -1.06 | -0.60 | -0.58 | -0.62 | -0.70 | -0.71 | -0.74 |
| EPS (Basic, Before Extraordinaries) | -0.23 | -1.06 | -0.60 | -0.58 | -0.62 | -0.70 | -0.71 | -0.74 |
| EPS (Diluted) | -0.23 | -1.06 | -0.60 | -0.58 | -0.62 | -0.70 | -0.71 | -0.74 |
| EBITDA | -6.10 | -23.13 | -14.19 | -13.70 | -14.84 | -16.74 | -17.02 | -17.98 |
| Non-Operating Income (Expense) | 0.84 | 0.69 | 0.92 | 1.12 | 1.27 | 1.39 | 1.58 | 1.83 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 0.28 | 3.22 | 1.37 | 1.33 | 1.30 | 1.69 | 1.80 | 2.01 |
| Shares Outstanding | 23.11 | 22.48 | 22.41 | 22.41 | 22.39 | 22.39 | 22.30 | 22.30 |
| Market Capitalization | 55.73 | 56.19 | 24.65 | 26.86 | 27.53 | 22.61 | 33.67 | 64.67 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|
| Cash & Short Term Investments | 107.58 | 152.11 | 120.75 | 66.72 | 73.03 |
| Short Term Receivables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 2.03 | 2.28 | 3.45 | 1.32 | 1.54 |
| Total Current Assets | 109.61 | 154.39 | 124.20 | 68.04 | 74.57 |
| Net Property, Plant & Equipment | 46.88 | 51.36 | 4.58 | 7.73 | 3.10 |
| Total Investments and Advances | 0.56 | 0.56 | 0.56 | 0.53 | 35.52 |
| Other Assets | 0.01 | 0.10 | 0.56 | 0.53 | 0.53 |
| Total Assets | 157.06 | 206.41 | 129.89 | 76.83 | 113.72 |
| Short Term Debt Incl. Current Port. of LT Debt | 3.17 | 0.00 | 2.19 | 2.34 | 0.38 |
| Accounts Payable | 1.49 | 1.27 | 2.22 | 1.40 | 1.07 |
| Other Current Liabilities | 7.88 | 6.86 | 4.94 | 3.99 | 2.42 |
| Total Current Liabilities | 12.54 | 8.13 | 9.36 | 7.73 | 3.87 |
| Long Term Debt | 45.87 | 47.63 | 247.62 | 150.79 | 147.95 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.01 | 0.10 |
| Total Liabilities | 58.41 | 55.77 | 256.98 | 158.53 | 151.91 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 98.65 | 150.64 | -127.08 | -81.70 | -38.19 |
| Total Shareholders Equity | 98.65 | 150.64 | -127.08 | -81.70 | -38.19 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 98.65 | 150.64 | -127.08 | -81.70 | -38.19 |
| Total Liabilities & Stockholders Equity | 157.06 | 206.41 | 129.89 | 76.83 | 113.72 |
| Book Value Per Share | 4.40 | 6.76 | -5.71 | -3.67 | -1.72 |
| Tangible Book Value Per Share | 4.40 | 6.76 | -5.71 | -3.67 | -1.72 |
| Full-Time Employees | 28 | 64 | 72 | - | - |
| Price to Book Ratio | 0.92 | 0.39 | 0.36 | - | - |
| Return on Assets | -32.02 | -38.87 | -47.83 | -48.18 | - |
| Return on Equity | -46.69 | -554.86 | - | - | - |
| Return on Invested Capital | -40.27 | -32.97 | -41.01 | -66.43 | -22.97 |
| Quick Ratio | 8.74 | 18.98 | 13.27 | 8.80 | 19.28 |
| Current Ratio | 8.74 | 18.98 | 13.27 | 8.80 | 19.28 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|---|
| Net Income | -55.50 | -58.20 | -65.36 | -49.43 | -45.90 | -25.21 |
| Depreciation | 1.95 | 1.25 | 1.09 | 0.96 | 0.94 | 0.68 |
| Other Funds (Non Cash) | 14.38 | 6.82 | 5.11 | 2.42 | 4.50 | 2.12 |
| Funds from Operations | -39.17 | -50.12 | -59.16 | -46.06 | -40.46 | -22.41 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -17.76 | 3.46 | -1.68 | -0.80 | 0.87 | -0.84 |
| Cash from Operating Activities | -56.93 | -46.66 | -60.84 | -46.85 | -39.60 | -23.25 |
| Capital Expenditures | -0.47 | -0.55 | -2.54 | -0.63 | -1.07 | -2.03 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 75.60 | 38.35 | -23.57 | -37.63 | 17.20 | -57.25 |
| Purchase of Investments | -76.91 | -174.90 | -208.47 | -160.12 | -42.60 | -77.49 |
| Sale Or Maturity of Investments | 152.50 | 213.24 | 184.90 | 122.50 | 59.80 | 20.24 |
| 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 | 75.39 | 37.80 | -26.10 | -38.26 | 16.13 | -59.28 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.91 | 0.14 | 89.82 | 97.90 | 0.13 | 105.53 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.91 | 0.14 | 89.82 | 97.90 | 0.13 | 105.53 |
| Proceedsfrom Stock Options | 0.02 | 0.14 | 89.76 | 97.72 | 0.00 | 105.32 |
| 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 | 0.91 | 0.14 | 89.82 | 97.90 | 0.13 | 105.53 |
| Net Change in Cash | 19.37 | -8.72 | 2.88 | 12.78 | -23.34 | 22.99 |
| Free Cash Flow | -57.40 | -47.21 | -63.38 | -47.49 | -40.66 | -25.28 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 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 | 62.89 | 72.63 | 92.85 | 107.58 | 117.57 | 127.15 |
| 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 | 0.70 | 1.02 | 1.77 | 2.03 | 2.59 | 2.54 |
| Total Current Assets | 63.59 | 73.65 | 94.62 | 109.61 | 120.16 | 129.69 |
| Net Property, Plant & Equipment | 0.00 | 0.10 | 45.77 | 46.88 | 47.98 | 49.16 |
| Total Investments and Advances | 0.00 | 0.00 | 0.56 | 0.56 | 0.56 | 0.56 |
| Intangible Assets | 0.00 | 0.00 | - | - | - | - |
| Other Assets | 0.00 | 0.00 | 0.02 | 0.01 | 0.03 | 0.04 |
| Total Assets | 63.59 | 73.74 | 140.97 | 157.06 | 168.72 | 179.45 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.00 | 0.00 | 3.28 | 3.17 | 3.05 | 1.96 |
| Accounts Payable | 0.81 | 1.05 | 2.04 | 1.49 | 1.14 | 2.29 |
| Other Current Liabilities | 1.06 | 6.72 | 4.26 | 7.88 | 7.66 | 4.96 |
| Total Current Liabilities | 1.87 | 7.77 | 9.58 | 12.54 | 11.85 | 9.21 |
| Long Term Debt | 0.00 | 0.00 | 45.00 | 45.87 | 46.71 | 47.55 |
| 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 | 1.87 | 7.77 | 54.59 | 58.41 | 58.55 | 56.76 |
| 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 | 61.72 | 65.98 | 86.38 | 98.65 | 110.17 | 122.69 |
| Total Shareholders Equity | 61.72 | 65.98 | 86.38 | 98.65 | 110.17 | 122.69 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 61.72 | 65.98 | 86.38 | 98.65 | 110.17 | 122.69 |
| Total Liabilities & Stockholders Equity | 63.59 | 73.74 | 140.97 | 157.06 | 168.72 | 179.45 |
| Book Value Per Share | 2.67 | 2.94 | 3.86 | 4.40 | 4.92 | 5.48 |
| Tangible Book Value Per Share | 2.67 | 2.94 | 3.86 | 4.40 | 4.92 | 5.48 |
| Full-Time Employees | - | - | - | 28 | - | - |
| Price to Book Ratio | 0.92 | 0.65 | 0.25 | 0.24 | 0.22 | 0.16 |
| Return on Assets | -47.78 | -50.56 | -33.71 | -32.02 | -35.93 | -35.03 |
| Return on Equity | -64.57 | -67.86 | -50.22 | -46.69 | -44.88 | -42.65 |
| Return on Invested Capital | -8.69 | -35.91 | -10.32 | -8.92 | -8.85 | -9.21 |
| Quick Ratio | 33.97 | 9.48 | 9.87 | 8.74 | 10.14 | 14.08 |
| Current Ratio | 33.97 | 9.48 | 9.87 | 8.74 | 10.14 | 14.08 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Net Income | -5.36 | -23.69 | -13.55 | -12.88 | -13.88 | -15.68 |
| Depreciation | 0.10 | 1.26 | 0.28 | 0.31 | 0.31 | 0.32 |
| Other Funds (Non Cash) | -0.04 | 10.91 | 1.87 | 1.64 | 1.53 | 1.82 |
| Funds from Operations | -5.31 | -11.52 | -11.40 | -10.94 | -12.04 | -13.54 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -5.58 | -9.45 | -3.57 | 0.83 | 1.85 | 1.71 |
| Cash from Operating Activities | -10.88 | -20.97 | -14.97 | -10.11 | -10.20 | -11.83 |
| Capital Expenditures | 0.00 | -0.04 | -0.01 | -0.42 | -0.01 | -0.05 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 24.50 | 23.11 | 14.60 | 13.39 | 10.49 | 11.34 |
| Purchase of Investments | 0.00 | -8.39 | -29.41 | -39.10 | -39.51 | -43.66 |
| Sale Or Maturity of Investments | 24.50 | 31.50 | 44.00 | 52.50 | 50.00 | 55.00 |
| 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 | 24.77 | 23.07 | 14.59 | 12.97 | 10.48 | 11.29 |
| 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 | 0.81 | 0.07 | 0.00 | 0.02 | 0.00 | 0.12 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.81 | 0.07 | 0.00 | 0.02 | 0.00 | 0.12 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.12 |
| 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 | 0.81 | 0.07 | 0.00 | 0.02 | 0.00 | 0.12 |
| Net Change in Cash | 14.70 | 2.17 | -0.39 | 2.89 | 0.28 | -0.42 |
| Free Cash Flow | -10.88 | -21.01 | -14.98 | -10.53 | -10.21 | -11.88 |
Revenue breakdown
| Revenue split | - |
|---|
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 4.52% | 0.8M | 17.5M | 177.12K |
| 2026-10-15 | 4.51% | 0.8M | 17.5M | 176.91K |
| 2026-09-30 | 4.45% | 0.8M | 17.5M | 187.84K |
| 2026-09-15 | 4.64% | 0.8M | 17.5M | 1.28M |
| 2026-08-31 | 4.65% | 0.8M | 17.5M | 1.26M |
| 2026-08-14 | 3.95% | 0.7M | 17.4M | 1.27M |
| 2026-07-31 | 1.30% | 0.2M | 17.2M | 1.24M |
| 2026-07-15 | 1.40% | 0.2M | 17.2M | 1.26M |
| 2026-06-30 | 1.10% | 0.2M | 17.2M | 1.33M |
| 2026-06-15 | 0.15% | 0.0M | 17.2M | 214.41K |
| 2026-05-29 | 0.04% | 0.0M | 17.2M | 215.09K |
| 2026-05-15 | 0.15% | 0.0M | 17.2M | 215.25K |
| 2026-04-30 | 0.08% | 0.0M | 17.2M | 222.15K |
| 2026-04-15 | 0.85% | 0.1M | 17.2M | 221.66K |
| 2026-03-31 | 0.09% | 0.0M | 17.2M | 115.43K |
| 2026-03-13 | 0.04% | 0.0M | 17.2M | 125.44K |
| 2026-02-27 | 0.04% | 0.0M | 17.1M | 145.19K |
| 2026-02-13 | 0.05% | 0.0M | 17.1M | 168.92K |
| 2026-01-30 | 0.17% | 0.0M | 15.9M | 145.84K |
| 2026-01-15 | 0.33% | 0.1M | 15.9M | 151.49K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-10 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-10 | 4 | Statement of changes in beneficial ownership of securities | 2026-11-06 | SEC |
| 2026-11-05 | 4 | Statement of changes in beneficial ownership of securities | 2026-11-03 | SEC |
| 2026-11-03 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-11-03 | 424B3 | SEC | ||
| 2026-11-02 | S-4/A | SEC | ||
| 2026-10-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-27 | SEC |
| 2026-10-26 | 425 | Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions. | SEC | |
| 2026-10-26 | 425 | Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions. | SEC | |
| 2026-10-26 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-22 | SEC |
| 2026-10-20 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-16 | SEC |
| 2026-10-08 | S-4 | Registration statement for securities to be issued in business combination transactions | SEC | |
| 2026-08-31 | DRS | SEC | ||
| 2026-08-28 | 425 | Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions. | SEC | |
| 2026-08-28 | 8-K | Current report | 2026-08-28 | SEC |
| 2026-08-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-26 | SEC |
| 2026-08-27 | SCHEDULE 13G | SEC | ||
| 2026-08-14 | SCHEDULE 13G | SEC | ||
| 2026-08-14 | SCHEDULE 13G/A | SEC | ||
| 2026-08-07 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-07-21 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-17 | SEC |
| 2026-07-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-14 | SEC |
| 2026-07-13 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-09 | SEC |
| 2026-07-08 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-06 | SEC |
| 2026-07-06 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-01 | SEC |
| 2026-07-06 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-01 | SEC |
| 2026-07-02 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-30 | SEC |
| 2026-06-29 | SCHEDULE 13G | SEC | ||
| 2026-06-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-25 | SEC |
| 2026-06-29 | 3 | Initial statement of beneficial ownership of securities | 2026-06-25 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 31.47K | 5 | 0 | 0 |
| 2026-10 | 426.91K | 7 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 54.35K | 1 |
| 2026-07 | 734.21K | 14 | 79.68K | 2 |
| 2026-06 | 66.11K | 1 | 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 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| ARCH Venture Management, LLC | 11.99% |
| TANG CAPITAL MANAGEMENT LLC | 11.39% |
| FMR LLC | 11.27% |
| ADAR1 Capital Management, LLC | 8.76% |
| VANGUARD CAPITAL MANAGEMENT LLC | 2.74% |
| WELLINGTON MANAGEMENT GROUP LLP | 2.47% |
| MILLENNIUM MANAGEMENT LLC | 2.13% |
| RENAISSANCE TECHNOLOGIES LLC | 2.10% |
| ACADIAN ASSET MANAGEMENT LLC | 1.53% |
| Alyeska Investment Group, L.P. | 1.33% |
Funds
| Fund | % owned |
|---|---|
| Fidelity Growth Company Fund | 3.95% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 1.98% |
| Fidelity Growth Company K6 Fund | 1.00% |
| Fidelity Series Growth Company Fund | 0.85% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.68% |
| Ultra-Small Company Fund | 0.34% |
| Fidelity Extended Market Index Fund | 0.30% |
| iShares Micro-Cap ETF | 0.26% |
| Ultra-Small Company Market Fund | 0.22% |
| Fidelity Series Total Market Index Fund | 0.08% |
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