ABSI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03

Price $11.07

Market Cap (MRQ) $1.90B

P/E (TTM) -14.0

EPS (TTM) $-0.79

Revenue (TTM) $2M

ROE (TTM) -57.7%

Debt/Equity (MRQ) 0.0

52W Range $2–$12

ABSI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04

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10-Year Performance Revenue, net income, margins and EPS trends

06

Revenue$3M

2020-12-31 → 2025-12-31

EPS$-0.84

2020-12-31 → 2025-12-31

Free Cash Flow$-94M

2021-12-31 → 2025-12-31

Net margin-7756.4%

2021-12-31 → 2025-12-31

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	ABSI	5Y avg	Peer Median	Verdict
P/E (TTM)	-14.05Y avg ≈-3.2	≈-3.2	·	·
P/S (TTM)	1216.65Y avg ≈120.7	≈120.7	15.0	Overvalued
P/B (MRQ)	7.75Y avg ≈2.2	≈2.2	4.7	Overvalued
EV / EBITDA (TTM)	-14.85Y avg ≈-4.2	≈-4.2	·	·
Price / FCF (TTM)	-17.45Y avg ≈-5.9	≈-5.9	·	·
Price / Cash Flow (TTM)	-17.65Y avg ≈-7.1	≈-7.1	·	·
EV / Revenue (TTM)	1087.95Y avg ≈89.7	≈89.7	·	·
EV / FCF (TTM)	-15.65Y avg ≈-4.5	≈-4.5	·	·
Price / Tangible Book (MRQ)	9.25Y avg ≈2.5	≈2.5	·	·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric	ABSI	5Y avg	Peer Median	Verdict
Operating Margin (TTM)	-8084.5%5Y avg ≈-2573.0%	≈-2573.0%	-247.1%	Weak
EBITDA Margin (TTM)	-7373.8%5Y avg ≈-2298.4%	≈-2298.4%	-247.1%	Weak
Pretax Margin (TTM)	-7756.4%5Y avg ≈-2653.2%	≈-2653.2%	-428.5%	Weak
Net Profit Margin (TTM)	-7756.4%5Y avg ≈-2608.2%	≈-2608.2%	-225.1%	Weak
ROA (TTM)	-50.6%5Y avg ≈-45.4%	≈-45.4%	-36.5%	Weak
ROE (TTM)	-57.7%5Y avg ≈-51.0%	≈-51.0%	-59.5%	Weak
ROIC	-63.3%5Y avg ≈-51.6%	≈-51.6%	-63.0%	In line

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	ABSI	5Y avg	Peer Median	Verdict
Debt / Equity (MRQ)	0.05Y avg ≈0.0	≈0.0	·	·
Current Ratio (MRQ)	10.65Y avg ≈5.8	≈5.8	6.3	Strong liquidity
Quick Ratio	6.35Y avg ≈4.4	≈4.4	5.1	Strong liquidity

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	ABSI	5Y avg	Peer Median	Verdict
Revenue YoY	-38.2%5Y avg ≈-7.8%	≈-7.8%	·	·
Revenue CAGR 3Y	-21.3%5Y avg ≈-5.6%	≈-5.6%	·	·
Revenue CAGR 5Y	-10.1%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	ABSI	5Y avg	Peer Median	Verdict
EPS (Diluted)	$-0.845Y avg ≈$-1.24	≈$-1.24	·	·
Revenue / Share	$0.025Y avg ≈$0.05	≈$0.05	·	·
Cash Flow / Share	$-0.685Y avg ≈$-0.81	≈$-0.81	·	·
Cash / Share	$0.135Y avg ≈$1.00	≈$1.00	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	5Y trend	ABSI	5Y avg	Peer Median	Verdict
Asset Turnover		0.05Y avg ≈0.0	≈0.0	0.1	Weak
Revenue / Employee		≈$20.0K	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14

Avg Surprise 1.7%

Next Report Nov 10, 2026

Period	Report	EPS Actual	EPS Est	Surprise
June 30, 2026	Aug 11, 2026	$-0.21	$-0.21	-2.3%
March 31, 2026	May 19, 2026	$-0.19	$-0.21	11.3%
Dec. 31, 2025		$-0.20	$-0.20	-0.91%
Sept. 30, 2025		$-0.20	$-0.22	7.4%
June 30, 2025		$-0.24	$-0.22	-11.0%
March 31, 2025		$-0.21	$-0.23	10.5%
Dec. 31, 2024		$-0.25	$-0.24	-2.8%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15

Income Statement 15

Metric	2025	2024	2023	2022	2021	2020
Revenue	$3M	$5M	$6M	$6M	$5M	$5M
R&D Expense	$81M	$64M	$48M	$59M	$45M	$11M
SG&A Expense	$35M	$36M	$38M	$41M	$29M	$6M
Operating Expenses	$123M	$113M	$121M	$112M	$80M	$18M
Operating Income	$-120M	$-109M	$-116M	$-107M	$-75M	$-13M
Interest Expense	·	·	$1M	$972.0K	$3M	$634.0K
Other Non-op	$5M	$6M	$6M	$2M	$-31M	$-418.0K
Pretax Income	$-115M	$-103M	$-110M	$-105M	$-110M	$-14M
Income Tax	$69.0K	$70.0K	$100.0K	$-461.0K	$-9M	$0
Net Income	$-115M	$-103M	$-111M	$-105M	$-101M	$-14M
EPS (Basic)	$-0.84	$-0.94	$-1.20	$-1.15	$-2.08	$-3.19
EPS (Diluted)	$-0.84	$-0.94	$-1.20	$-1.15	$-2.08	$-3.19
Shares (Basic)	136,776,885	110,239,870	92,028,016	90,845,629	49,685,194	15,494,908
Shares (Diluted)	136,776,885	110,239,870	92,028,016	90,845,629	49,685,194	15,494,908
EBITDA	$-109M	$-95M	$-102M	·	$-69M	·

Balance Sheet 26

Metric	2025	2024	2023	2022	2021	2020
Cash & Equivalents	$20M	$41M	$72M	$60M	$253M	$70M
Short-term Investments	$124M	$71M	·	·	·	·
Receivables	·	$0	$2M	·	·	·
Prepaid Expense	$5M	$5M	$5M	$6M	$9M	$2M
Current Assets	$150M	$134M	$121M	$187M	$273M	$73M
PP&E (Gross)	·	·	·	·	$58M	$11M
Goodwill	·	·	$0	$21M	$21M	$0
Intangibles	$42M	$45M	$48M	$52M	$55M	$0
Other Non-current Assets	$383.0K	$705.0K	$2M	$1M	$1M	$109.0K
Total Assets	$216M	$214M	$217M	$321M	$426M	$89M
Accounts Payable	$3M	$3M	$2M	$2M	$8M	$2M
Accrued Liabilities	·	$7M	$7M	$20M	$17M	$2M
Short-term Debt	$873.0K	$3M	$3M	$3M	$2M	$903.0K
Current Liabilities	$23M	$29M	$30M	$30M	$34M	$10M
Capital Leases	$3M	$4M	$6M	$7M	$9M	$4M
Deferred Tax	·	·	$186.0K	$238.0K	$743.0K	$0
Other Non-current Liabilities	$1M	$133.0K	$295.0K	$35.0K	$12M	$749.0K
Total Liabilities	$27M	$34M	$41M	$47M	$60M	$22M
Long-term Debt	·	$4M	$8M	$11M	$4M	·
Total Debt	$873.0K	$3M	$3M	·	$2M	·
Common Stock	$15.0K	$12.0K	$9.0K	$9.0K	$9.0K	$2.0K
Retained Earnings	$-625M	$-510M	$-406M	$-296M	$-191M	$-90M
AOCI	$591.0K	$-4.0K	$-37.0K	$-120.0K	$-13.0K	$0
Stockholders' Equity	$189M	$179M	$176M	$274M	$366M	$-89M
Liabilities + Equity	$216M	$214M	$217M	$321M	$426M	$89M
Shares Outstanding	151,515,079	115,362,265	93,087,675	92,411,103	92,648,036	17,887,631

Cash Flow 15

Metric	2025	2024	2023	2022	2021	2020
D&A	$12M	$13M	$14M	$13M	$7M	$1M
Stock-based Comp	$18M	$19M	$11M	$13M	$11M	$420.0K
Deferred Tax	$-98.0K	$-65.0K	$-52.0K	$-505.0K	$-9M	$0
Amort. of Intangibles	$3M	$3M	$3M	$3M	$2M	·
Other Non-cash	$-8M	$-2M	$21M	·	$32M	·
Operating Cash Flow	$-93M	$-72M	$-65M	$-81M	$-61M	$-11M
CapEx	$1M	$404.0K	$860.0K	$16M	$38M	$2M
Investing Cash Flow	$-50M	$-42M	$82M	$-127M	$-67M	$-2M
Net Debt Issued	$-3M	$-3M	$-3M	·	$-2M	·
Stock Issued	$106M	$82M	$862.0K	$656.0K	$210M	$0
Net Stock Activity	$106M	·	$862.0K	·	$210M	·
Financing Cash Flow	$106M	$83M	$-4M	$5M	$336M	$71M
Net Change in Cash	$-37M	$-31M	$13M	$-203M	$208M	$58M
Free Cash Flow	$-94M	$-73M	$-65M	·	$-99M	·
Levered FCF	·	·	$-67M	·	$-102M	·

Profitability 7

Metric	2025	2024	2023	2022	2021	2020
Operating Margin	-4297.0%	-2401.6%	-2020.2%	·	-1573.4%	·
Net Margin	-4113.7%	-2274.1%	-1933.7%	·	-2111.2%	·
Pretax Margin	-4111.2%	-2272.5%	-1931.9%	·	-2297.3%	·
EBITDA Margin	-3877.7%	-2106.3%	-1775.4%	·	-1434.2%	·
ROA	-53.6%	-47.9%	-41.1%	·	-39.2%	·
ROE	-63.5%	-54.2%	-59.4%	·	-26.8%	·
ROIC	-63.3%	-59.9%	-64.4%	·	-18.8%	·

Liquidity & Solvency 4

Metric	2025	2024	2023	2022	2021	2020
Current Ratio	6.6	4.7	4.1	·	8.1	·
Quick Ratio	6.3	1.4	2.4	·	7.5	·
Debt / Equity	0.0	0.0	0.0	·	0.0	·
Interest Coverage	·	·	-114.4	·	-21.9	·

Efficiency 2

Metric	Trend	2025	2024	2023	2022	2021	2020
Asset Turnover		0.0	0.0	0.0	·	0.0	·
Receivables Turnover		·	4.1	·	·	·	·

Per Share 5

Metric	2025	2024	2023	2022	2021	2020
Book Value / Share	$1.25	$1.55	$1.89	·	$3.95	·
Revenue / Share	$0.02	$0.04	$0.06	·	$0.10	·
Cash Flow / Share	$-0.68	$-0.66	$-0.70	·	$-1.22	·
Cash / Share	$0.13	$0.36	$0.78	·	$2.73	·
EPS (TTM)	$-0.84	$-0.94	$-1.20	$-1.15	$-2.08	·

Growth Rates 3

Metric	2025	2024	2023	2022	2021	2020
Revenue YoY	-38.2%	-20.7%	-0.50%	20.2%	0.04%	·
Revenue CAGR 3Y	-21.3%	-1.8%	6.2%	·	·	·
Revenue CAGR 5Y	-10.1%	·	·	·	·	·

Valuation (TTM) 14

Metric	2025	2024	2023	2022	2021	2020
Revenue TTM	$3M	$5M	$6M	$6M	$5M	·
Net Income TTM	$-115M	$-103M	$-111M	$-105M	$-101M	·
Market Cap	$529M	$302M	$391M	·	$760M	·
Enterprise Value	$385M	$264M	$322M	·	$510M	·
P/E	-4.2	-2.8	-3.5	-1.8	-3.9	·
P/S	188.9	66.7	68.4	·	158.9	·
P/B	2.8	1.7	2.2	·	2.1	·
P / Tangible Book	3.6	2.3	3.1	1.0	2.6	·
P / Cash Flow	-5.7	-4.2	-6.0	·	-12.5	·
P / FCF	-5.6	-4.2	-6.0	·	-7.7	·
EV / EBITDA	-3.5	-2.8	-3.2	·	-7.4	·
EV / FCF	-4.1	-3.6	-4.9	·	-5.2	·
EV / Revenue	137.6	58.2	56.3	·	106.6	·
Earnings Yield	-24.1%	-35.9%	-28.6%	-54.8%	-25.4%	·

Income Statement 15

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$318.0K	$215.0K	$650.0K	$378.0K	$593.0K	$1M	$665.0K	$2M	$1M	$898.0K	$338.0K	$744.0K	$3M	$1M	$2M	$2M
R&D Expense	$23M	$19M	$25M	$19M	$20M	$16M	$18M	$18M	$15M	$12M	$12M	$11M	$12M	$13M	$11M	$16M
SG&A Expense	$9M	$9M	$9M	$8M	$9M	$9M	$9M	$9M	$9M	$9M	$9M	$10M	$9M	$10M	$8M	$11M
Operating Expenses	$34M	$31M	$32M	$31M	$32M	$29M	$30M	$31M	$28M	$24M	$25M	$24M	$46M	$26M	$23M	$30M
Operating Income	$-34M	$-31M	$-31M	$-30M	$-31M	$-28M	$-30M	$-29M	$-27M	$-23M	$-25M	$-23M	$-43M	$-24M	$-21M	$-28M
Interest Expense	·	·	·	·	·	·	·	·	·	$176.0K	·	$229.0K	$256.0K	$321.0K	$287.0K	$279.0K
Other Non-op	$990.0K	$1M	$1M	$2M	$1M	$1M	$921.0K	$2M	$2M	$2M	$1M	$2M	$2M	$1M	$1M	$675.0K
Pretax Income	$-33M	$-30M	$-30M	$-29M	$-30M	$-26M	$-29M	$-27M	$-25M	$-22M	$-23M	$-22M	$-42M	$-23M	$-20M	$-28M
Income Tax	$40.0K	$18.0K	$-162.0K	$104.0K	$131.0K	$-4.0K	$21.0K	$37.0K	$0	$12.0K	$48.0K	$34.0K	$11.0K	$7.0K	$-500.0K	$-312.0K
Net Income	$-33M	$-30M	$-30M	$-29M	$-31M	$-26M	$-29M	$-27M	$-25M	$-22M	$-24M	$-22M	$-42M	$-23M	$-19M	$-27M
EPS (Basic)	$-0.21	$-0.19	$-0.19	$-0.20	$-0.24	$-0.21	$-0.26	$-0.24	$-0.22	$-0.22	$-0.25	$-0.24	$-0.45	$-0.26	$-0.20	$-0.30
EPS (Diluted)	$-0.21	$-0.19	$-0.19	$-0.20	$-0.24	$-0.21	$-0.26	$-0.24	$-0.22	$-0.22	$-0.25	$-0.24	$-0.45	$-0.26	$-0.20	$-0.30
Shares (Basic)	157,471,712	152,961,894	·	143,769,552	127,592,948	124,461,439	·	113,613,488	112,934,086	99,393,333	·	92,217,234	91,827,780	91,479,452	·	91,105,265
Shares (Diluted)	157,471,712	152,961,894	·	143,769,552	127,592,948	124,461,439	·	113,613,488	112,934,086	99,393,333	·	92,217,234	91,827,780	91,479,452	·	91,105,265
EBITDA	$-31M	$-28M	·	$-27M	$-28M	$-25M	·	$-26M	$-23M	$-20M	·	$-20M	$-39M	$-21M	·	$-25M

Balance Sheet 26

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$108M	$9M	$20M	$9M	$38M	$47M	$41M	$38M	$43M	$59M	$72M	$70M	$61M	$11M	$60M	$107M
Short-term Investments	$93M	$117M	$124M	$143M	·	·	$71M	·	·	·	·	·	·	·	·	·
Receivables	·	·	·	$1M	$700.0K	$1M	·	·	·	·	$2M	·	·	·	·	·
Prepaid Expense	$7M	$6M	$5M	$5M	$3M	$5M	$5M	$6M	$3M	$4M	$5M	$4M	$5M	$5M	$6M	$5M
Current Assets	$208M	$132M	$150M	$175M	$137M	$156M	$134M	$150M	$165M	$182M	$121M	$135M	$148M	$165M	$187M	$201M
PP&E (Gross)	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$69M
Goodwill	·	·	·	·	·	·	·	·	·	·	·	$0	$0	$21M	$21M	$21M
Intangibles	$40M	$41M	$42M	$42M	$43M	$44M	$45M	$46M	$47M	$47M	$48M	$49M	$50M	$51M	$52M	$52M
Other Non-current Assets	$383.0K	$383.0K	$383.0K	$383.0K	$716.0K	$631.0K	$705.0K	$2M	$2M	$2M	$2M	$2M	$2M	$1M	$1M	$1M
Total Assets	$269M	$196M	$216M	$245M	$210M	$232M	$214M	$235M	$256M	$275M	$217M	$236M	$254M	$296M	$321M	$339M
Accounts Payable	$7M	$9M	$3M	$5M	$8M	$5M	$3M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M
Accrued Liabilities	·	·	·	$8M	$6M	$4M	·	$18M	$17M	$15M	$7M	$20M	$17M	$18M	$20M	$21M
Short-term Debt	$150.0K	$413.0K	$873.0K	$1M	$2M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$2M
Current Liabilities	$20M	$20M	$23M	$30M	$31M	$27M	$29M	$27M	$25M	$25M	$30M	$28M	$25M	$27M	$30M	$30M
Capital Leases	$2M	$2M	$3M	$3M	$4M	$4M	$4M	$5M	$5M	$5M	$6M	$6M	$6M	$7M	$7M	$8M
Deferred Tax	·	·	·	·	·	·	·	$175.0K	$175.0K	$175.0K	·	$249.0K	$223.0K	$224.0K	$238.0K	$756.0K
Other Non-current Liabilities	$1M	$806.0K	$1M	$2M	$1M	$2M	$133.0K	$31.0K	$15.0K	$78.0K	$295.0K	$0	$0	$0	$35.0K	$33.0K
Total Liabilities	$23M	$24M	$27M	$35M	$37M	$34M	$34M	$34M	$34M	$35M	$41M	$40M	$39M	$42M	$47M	$46M
Long-term Debt	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$9M
Total Debt	$150.0K	$413.0K	·	$1M	$2M	$3M	·	$3M	$3M	$3M	·	$3M	$3M	$3M	·	$2M
Common Stock	$17.0K	$15.0K	$15.0K	$15.0K	$13.0K	$13.0K	$12.0K	$11.0K	$11.0K	$11.0K	$9.0K	$9.0K	$9.0K	$9.0K	$9.0K	$9.0K
Retained Earnings	$-688M	$-654M	$-625M	$-595M	$-567M	$-536M	$-510M	$-481M	$-453M	$-428M	$-406M	$-383M	$-361M	$-319M	$-296M	$-276M
AOCI	$150.0K	$304.0K	$591.0K	$500.0K	$311.0K	$19.0K	$-4.0K	$251.0K	$-114.0K	$-132.0K	$-37.0K	$-59.0K	$-146.0K	$-95.0K	$-120.0K	$26.0K
Stockholders' Equity	$246M	$172M	$189M	$210M	$173M	$199M	$179M	$201M	$221M	$240M	$176M	$196M	$215M	$254M	$274M	$293M
Liabilities + Equity	$269M	$196M	$216M	$245M	$210M	$232M	$214M	$235M	$256M	$275M	$217M	$236M	$254M	$296M	$321M	$339M
Shares Outstanding	171,558,470	155,350,135	151,515,079	149,746,035	127,677,180	127,540,754	115,362,265	114,190,554	113,444,491	112,998,922	93,087,675	92,936,980	92,590,593	92,481,972	92,411,103	92,884,775

Cash Flow 15

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
D&A	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$4M	$3M	$4M	$4M	$3M
Stock-based Comp	$5M	$4M	$4M	$4M	$5M	$5M	$5M	$6M	$5M	$4M	$3M	$3M	$3M	$3M	$1M	$4M
Deferred Tax	·	·	·	·	·	·	·	·	$0	$-11.0K	$-63.0K	$26.0K	$-1.0K	$-14.0K	$-518.0K	$-329.0K
Amort. of Intangibles	·	·	·	·	·	·	·	·	·	·	$1M	$800.0K	$800.0K	$800.0K	$1M	$800.0K
Other Non-cash	·	$-4M	·	·	·	$-3M	·	·	·	$-3M	·	·	·	$-3M	·	·
Operating Cash Flow	$-28M	$-26M	$-29M	$-25M	$-17M	$-22M	$-17M	$-21M	$-17M	$-18M	$-15M	$-10M	$-19M	$-20M	$-19M	$-19M
CapEx	$1.0K	$30.0K	$-103.0K	$962.0K	$223.0K	$25.0K	$23.0K	$48.0K	$333.0K	$0	$17.0K	$307.0K	$256.0K	$280.0K	$560.0K	$5M
Investing Cash Flow	$24M	$7M	$20M	$-64M	$9M	$-15M	$19M	$15M	$1M	$-77M	$19M	$20M	$70M	$-27M	$-30M	$-79M
Net Debt Issued	·	$-460.0K	·	·	·	$-762.0K	·	·	·	$-872.0K	·	·	·	$-662.0K	·	·
Stock Issued	$98M	$8M	$3M	$61M	$0	$42M	$-2M	$1M	$760.0K	$81M	·	$380.0K	$116.0K	$229.0K	$66.0K	$162.0K
Net Stock Activity	·	$8M	·	·	·	$42M	·	·	·	$82M	·	·	·	$229.0K	·	·
Financing Cash Flow	$103M	$8M	$4M	$60M	$-1M	$43M	$986.0K	$490.0K	$-134.0K	$81M	$-1M	$-924.0K	$-1M	$-1M	$1M	$-921.0K
Net Change in Cash	$99M	$-11M	$-6M	$-28M	$-9M	$6M	$3M	$-5M	$-16M	$-13M	$3M	$9M	$50M	$-49M	$-47M	$-99M
Free Cash Flow	·	$-26M	·	·	·	$-22M	·	·	·	$-18M	·	·	·	$-20M	·	·
Levered FCF	·	·	·	·	·	·	·	·	·	$-18M	·	·	·	$-21M	·	·

Profitability 7

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Operating Margin	-10741.5%	-14347.0%	·	-7977.2%	-5293.9%	-2351.9%	·	-1698.7%	-2104.0%	-2616.7%	·	-3132.1%	-1276.7%	-1929.5%	·	-1180.5%
Net Margin	-10443.4%	-13767.0%	·	-7594.2%	-5155.0%	-2234.6%	·	-1610.7%	-1948.8%	-2447.1%	·	-2956.2%	-1237.7%	-1840.4%	·	-1150.7%
Pretax Margin	-10430.8%	-13758.6%	·	-7566.7%	-5132.9%	-2234.9%	·	-1608.5%	-1948.8%	-2445.8%	·	-2951.6%	-1237.3%	-1839.9%	·	-1163.8%
EBITDA Margin	-9893.7%	-13078.1%	·	-7225.4%	-4788.0%	-2091.3%	·	-1501.5%	-1837.6%	-2236.3%	·	-2659.9%	-1172.9%	-1653.3%	·	-1036.8%
ROA	-13.9%	-13.8%	·	-12.0%	-13.1%	-10.4%	·	-11.6%	-9.7%	-7.7%	·	-7.6%	-13.4%	-6.8%	·	-6.9%
ROE	-15.8%	-16.0%	·	-14.0%	-15.5%	-12.0%	·	-13.8%	-11.3%	-8.9%	·	-9.0%	-15.7%	-7.9%	·	-8.0%
ROIC	-13.9%	-17.9%	·	-14.3%	-18.0%	-13.8%	·	-14.1%	-11.9%	-9.7%	·	-11.7%	-19.7%	-9.5%	·	-9.4%

Liquidity & Solvency 4

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio	10.6	6.6	·	5.9	4.4	5.7	·	5.6	6.5	7.2	·	4.8	5.8	6.1	·	6.7
Quick Ratio	10.3	6.3	·	5.2	1.2	1.8	·	1.4	1.7	2.3	·	2.5	2.4	0.4	·	3.6
Debt / Equity	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0
Interest Coverage	·	·	·	·	·	·	·	·	·	-133.5	·	-101.8	-167.9	-76.3	·	-100.2

Efficiency 2

Metric	Trend	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover		0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0
Receivables Turnover		·	·	·	0.8	1.7	1.7	·	·	·	·	·	·	·	·	·	·

Per Share 5

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	$1.43	$1.11	·	$1.40	$1.36	$1.56	·	$1.76	$1.95	$2.12	·	$2.11	$2.33	$2.75	·	$3.15
Revenue / Share	$0.00	$0.00	·	$0.00	$0.00	$0.01	·	$0.01	$0.01	$0.01	·	$0.01	$0.04	$0.01	·	$0.03
Cash Flow / Share	·	$-0.17	·	·	·	$-0.18	·	·	·	$-0.18	·	·	·	$-0.22	·	·
Cash / Share	$0.63	$0.06	·	$0.06	$0.30	$0.37	·	$0.33	$0.38	$0.52	·	$0.75	$0.66	$0.12	·	$1.16
EPS (TTM)	$-0.79	$-0.82	·	$-0.91	$-0.95	$-0.93	·	$-0.93	$-0.93	$-1.16	·	$-1.15	$-1.21	$-1.08	·	$0.39

Valuation (TTM) 11

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$2M	$2M	·	$3M	$4M	$5M	·	$4M	$3M	$5M	·	$7M	$9M	$6M	·	$6M
Net Income TTM	$-121M	$-118M	·	$-115M	$-113M	$-107M	·	$-98M	$-92M	$-109M	·	$-106M	$-112M	$-99M	·	$-111M
Market Cap	$1.99B	$466M	·	$455M	$328M	$320M	·	$436M	$349M	$642M	·	$123M	$141M	$162M	·	$291M
Enterprise Value	$1.79B	$341M	·	$304M	$292M	$276M	·	$401M	$310M	$586M	·	$56M	$83M	$154M	·	$186M
P/E	-14.7	-3.7	·	-3.3	-2.7	-2.7	·	-4.1	-3.3	-4.9	·	-1.1	-1.3	-1.6	·	8.0
P/S	1273.8	253.8	·	161.7	79.3	66.5	·	103.7	107.5	120.0	·	17.7	16.4	26.1	·	51.5
P/B	8.1	2.7	·	2.2	1.9	1.6	·	2.2	1.6	2.7	·	0.6	0.7	0.6	·	1.0
P / Tangible Book	9.6	3.6	·	2.7	2.5	2.1	·	2.8	2.0	3.3	·	0.8	0.9	0.9	·	1.3
P / Cash Flow	·	-17.7	·	·	·	-14.7	·	·	·	-35.9	·	·	·	-8.0	·	·
EV / Revenue	1145.0	185.6	·	108.0	70.6	57.3	·	95.4	95.3	109.7	·	8.1	9.7	24.8	·	32.9
Earnings Yield	-6.8%	-27.3%	·	-29.9%	-37.0%	-37.0%	·	-24.3%	-30.2%	-20.4%	·	-87.1%	-79.6%	-61.7%	·	12.5%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$3M	$5M	$6M	$6M	$5M
Operating Margin %	-4297.0%	-2401.6%	-2020.2%	·	-1573.4%
Net Income	$-115M	$-103M	$-111M	$-105M	$-101M
Diluted EPS	$-0.84	$-0.94	$-1.20	$-1.15	$-2.08

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	0.0	0.0	0.0	·	0.0
Current Ratio	6.6	4.7	4.1	·	8.1
Quick Ratio	6.3	1.4	2.4	·	7.5

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$-94M	$-73M	$-65M	·	$-99M

Institutional owners (13F) 213 filers · $1.8B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 213

Value held $1.8B

New positions 53

Exited positions 14

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
53 (+11 vs prior Q)	14 (-3 vs prior Q)	76 (+21 vs prior Q)	50 (+8 vs prior Q)	+29.8M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
FMR LLC	$294,502,456	25,410,048	16.43%	Shares
ARK Investment Management LLC	$149,803,896	12,925,271	8.36%	Shares
BlackRock, Inc.	$141,111,753	12,175,302	7.87%	Shares
STATE STREET CORP	$93,847,800	8,097,308	5.24%	Shares
AMERIPRISE FINANCIAL INC	$81,034,560	6,991,763	4.52%	Shares
Redmile Group, LLC	$78,112,833	6,739,675	4.36%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$70,961,826	6,122,677	3.96%	Shares
ADVANCED MICRO DEVICES INC	$66,228,563	5,714,285	3.70%	Shares
ADAGE CAPITAL PARTNERS GP, L.L.C.	$66,118,864	5,704,820	3.69%	Shares
TWO SIGMA INVESTMENTS, LP	$63,669,503	5,493,486	3.55%	Shares
D. E. Shaw & Co., Inc.	$60,728,749	5,239,754	3.39%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$41,538,252	3,583,163	2.32%	Shares
Woodline Partners LP	$31,300,823	2,700,675	1.75%	Shares
Siren, L.L.C.	$28,682,515	2,474,764	1.60%	Shares
VANGUARD GROUP INC	$27,606,616	7,910,205	1.54%	Shares
BVF INC/IL	$27,371,802	2,361,674	1.53%	Shares
Gem Investment Advisors, LLC	$25,160,302	2,170,863	1.40%	Shares
BAKER BROS. ADVISORS LP	$24,742,367	2,134,803	1.38%	Shares
GOLDMAN SACHS GROUP INC	$20,077,635	1,732,324	1.12%	Shares
Nuveen, LLC	$19,980,916	1,723,979	1.11%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$19,814,264	1,709,600	1.11%	Call option
VOLORIDGE INVESTMENT MANAGEMENT, LLC	$18,577,796	1,602,916	1.04%	Shares
MORGAN STANLEY	$15,932,693	1,374,693	0.89%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$15,519,288	1,339,024	0.87%	Shares
FRED ALGER MANAGEMENT, LLC	$13,639,077	1,176,797	0.76%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$13,513,882	1,165,995	0.75%	Shares
UBS Group AG	$13,199,202	1,138,844	0.74%	Shares
NORTHERN TRUST CORP	$12,885,936	1,111,815	0.72%	Shares
Sumitomo Mitsui Trust Group, Inc.	$11,889,312	1,025,825	0.66%	Shares
Amova Asset Management Americas, Inc.	$11,741,715	1,013,965	0.66%	Shares
VANGUARD FIDUCIARY TRUST CO	$11,290,074	974,122	0.63%	Shares
Casdin Capital, LLC	$11,280,083	973,260	0.63%	Shares
Parkman Healthcare Partners LLC	$10,365,795	894,374	0.58%	Shares
Integral Health Asset Management, LLC	$9,272,000	800,000	0.52%	Shares
LAZARD ASSET MANAGEMENT LLC	$9,059,810	781,692	0.51%	Shares
AQR CAPITAL MANAGEMENT LLC	$8,768,309	756,541	0.49%	Shares
DIMENSIONAL FUND ADVISORS LP	$6,954,584	600,174	0.39%	Shares
BANK OF AMERICA CORP /DE/	$6,559,929	565,999	0.37%	Shares
Invesco Ltd.	$6,315,773	544,933	0.35%	Shares
GROUP ONE TRADING LLC	$6,081,818	524,747	0.34%	Shares
MARSHALL WACE, LLP	$5,822,896	502,407	0.32%	Shares
Trexquant Investment LP	$5,581,222	481,555	0.31%	Shares
IQ EQ FUND MANAGEMENT (IRELAND) Ltd	$5,546,047	478,520	0.31%	Shares
Artia Global Partners LP	$5,382,906	464,444	0.30%	Shares
ROYCE & ASSOCIATES LP	$5,166,555	445,777	0.29%	Shares
WELLINGTON MANAGEMENT GROUP LLP	$4,694,935	405,085	0.26%	Shares
CITADEL ADVISORS LLC	$4,494,602	387,800	0.25%	Call option
Bank of New York Mellon Corp	$4,483,386	386,832	0.25%	Shares
Balyasny Asset Management L.P.	$4,161,865	359,091	0.23%	Shares
Ikarian Capital, LLC	$4,100,217	353,772	0.23%	Shares

Show all 213 institutional owners →

Activists & 5%+ owners 2 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
Redmile Group, LLC, Jeremy C. Green ×5 filings	April 14, 2026	4.90%	Amendment	·	SEC
Casdin Capital, LLC, Eli Casdin ×5 filings	May 8, 2023	·	Initial filing	Passive investment	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 19 insiders · 10 officers · 10 directors

19

Insider	Role	Last activity	Shares owned	Buys 12m	Sells 12m	Net 12m
Sean Mcclain	Chief Executive Officer	June 24, 2026 F	8,655,555	0	1	$-80,015
Zachariah Jonasson	CFO / CBO	Aug. 31, 2026 F	483,144	0	1	$-52,313
Gregory T Schiffman	Chief Financial Officer	March 1, 2023 A	605,165	0	0	$0
Andreas Pihl	Chief Operating Officer	July 26, 2021 C	607,937	0	0	$0
Ransi Mudalinayake Somaratne	CMO, Head of R&D	Aug. 3, 2026 A	·	0	0	$0
Andreas Busch	Chief Innovation Officer	March 12, 2026 P	421,446	1	0	$229,000
Shelby J. Walker	Chief Legal Officer	March 2, 2026 A	139,775	0	0	$0
Todd Bedrick	SVP, CAO	March 2, 2026 A	216,942	0	0	$0
Sarah Korman	Chief Legal Officer	March 1, 2023 A	14,250	0	0	$0
Matthew Weinstock	Chief Technology Officer	Feb. 21, 2022 A	·	0	0	$0
Mary T Szela	Director	June 30, 2026 P	21,300	1	0	$148,866
Menelas N Pangalos	Director	June 4, 2026 A	242,408	2	0	$406,508
Frans Van Houten	Director	June 4, 2026 A	73,420	1	0	$148,800
Joseph Sirosh	Director	June 4, 2026 A	33,420	0	0	$0
Daniel A Rabinovitsj	Director	June 4, 2026 A	33,420	0	0	$0
Karen K Mcginnis	Director	June 4, 2026 A	48,420	0	0	$0
Amrit Nagpal	Director	June 12, 2024 A	8,820	0	0	$0
Eli Casdin	Director	June 8, 2022 A	973,260	0	0	$0
Ivana Magovcevic-Liebisch	Director	June 8, 2022 A	·	0	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 29 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
ARKG · ARK ETF Trust	5.14%	10,287,893 NS	July 31, 2026	N-PORT
PTH · Invesco Exchange-Traded Fund Trust	1.25%	334,953 SH	Oct. 2, 2026	Daily
DWAS · Invesco Exchange-Traded Fund Trust …	0.50%	188,645 SH	Oct. 2, 2026	Daily
LABU · Direxion Shares ETF Trust	0.28%	175,722 NS	July 31, 2026	N-PORT
IWC · iShares Trust	0.27%	470,282 SH	Sept. 11, 2026	Daily
IBBQ · Invesco Exchange-Traded Fund Trust …	0.12%	12,150 SH	Oct. 2, 2026	Daily
IBB · iShares Trust	0.09%	1,127,947 SH	Sept. 11, 2026	Daily
VTWG · VANGUARD SCOTTSDALE FUNDS	0.08%	123,866 SH	Aug. 19, 2026	Daily
PWS · Pacer Funds Trust	0.08%	2,401 NS	July 31, 2026	N-PORT
IWO · iShares Trust	0.06%	1,083,046 SH	Sept. 11, 2026	Daily
VTWO · VANGUARD SCOTTSDALE FUNDS	0.05%	796,185 SH	Aug. 19, 2026	Daily
IWM · iShares Trust	0.04%	3,547,233 SH	Sept. 11, 2026	Daily
RSSL · Global X Funds	0.03%	66,109 NS	July 31, 2026	N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust	0.03%	81,997 SH	Oct. 2, 2026	Daily
VFMO · VANGUARD WELLINGTON FUND	0.03%	48,386 SH	Aug. 19, 2026	Daily
VXF · VANGUARD INDEX FUNDS	0.02%	1,575,701 SH	Aug. 19, 2026	Daily
VTWV · VANGUARD SCOTTSDALE FUNDS	0.02%	19,880 SH	Aug. 19, 2026	Daily
WSML · iShares Trust	0.01%	10,669 SH	Sept. 11, 2026	Daily
DFAS · Dimensional ETF Trust	0.01%	140,866 NS	July 31, 2026	N-PORT
ITOT · iShares Trust	0.00%	225,167 SH	Sept. 11, 2026	Daily
DFAC · Dimensional ETF Trust	0.00%	104,351 NS	July 31, 2026	N-PORT
IWV · iShares Trust	0.00%	35,788 SH	Sept. 10, 2026	Daily
DFAU · Dimensional ETF Trust	0.00%	15,954 NS	July 31, 2026	N-PORT
VTI · VANGUARD INDEX FUNDS	0.00%	4,407,685 SH	Aug. 19, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.00%	11,614 SH	Aug. 19, 2026	Daily
DXUV · Dimensional ETF Trust	0.00%	24 NS	July 31, 2026	N-PORT
IWN · iShares Trust	·	222,031 SH	Sept. 11, 2026	Daily
ISCB · iShares Trust	·	5,641 SH	Sept. 11, 2026	Daily
ISCV · iShares Trust	·	27,943 SH	Sept. 11, 2026	Daily

ABSI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

rating · 16 analysts BUY

Median target $15.50 +40.0%

4 25.0% Strong Buy

10 62.5% Buy

2 12.5% Hold

0 0.0% Sell

0 0.0% Strong Sell

12-Month Price Target

10 analysts · 2026-10-03

Mean target $14.40 +30.1%

Now Current price $11.07

Low$10.00 Mean$14.40 High$17.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
ABSI	$529M	-4.2	-38.2%	-4113.7%	-63.5%	·
VCEL	$1.82B	112.5	16.4%	6.0%	5.0%	74.4%
BHVN	$1.50B	-1.6	·	·	-310.8%	·
AGIO	$1.59B	-3.8	48.0%	-764.0%	-32.2%	·
VIR	$841M	-1.9	-7.6%	-638.9%	-51.1%	·
PVLA	$1.30B	-28.2	65.3%	-1610.6%	-110.1%	·
SRPT	$2.26B	-3.0	15.6%	-32.5%	-57.1%	·
GENB	·	·	·	·	·	·
NVAX	$1.09B	2.6	64.7%	39.2%	-977.1%	·
NTLA	$1.05B	-2.4	16.9%	-609.8%	-59.5%	·

Latest News Recent headlines mentioning this company

23

The 1 AI Stock I'd Put in a Time Capsule and Open in 2036 Nasdaq · 4 months, 1 week ago

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ABSI Absci Corporation - Common Stock