ACET Adicet Bio, Inc. - Common Stock
NASDAQ · Biotechnology · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 5, 2026
$6.50
· of 52w range
· above low
· to high
$0.4652w low
$9.9752w high
Market Cap (MRQ)
$61M
P/E
-0.5
EPS
$-16.95
your badges
52W Range
$0–$10
Analyst Rating
BUY
Price Target
$35
P/E
-0.5
ROE
·
Net Profit Margin
·
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ACET Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$6.50
Market Cap (MRQ)
$61M
P/E
-0.5
EPS
$-16.95
52W Range
$0–$10
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Dec. 30, 2025 | 1-for-16 | Reverse |
| Sept. 16, 2020 | 1-for-7 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
EPS$-16.952021-12-31 → 2025-12-31
Free Cash Flow·2018-12-31 → 2024-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | ACET | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -0.55Y avg ≈-3.0 | ≈-3.0 | · | · | |
| P/B (MRQ) | 0.55Y avg ≈1.1 | ≈1.1 | 1.2 | Undervalued | |
| Price / FCF (TTM) | -0.75Y avg ≈-4.6 | ≈-4.6 | · | · | |
| Price / Cash Flow (TTM) | -0.75Y avg ≈-5.8 | ≈-5.8 | · | · | |
| Price / Tangible Book | 0.55Y avg ≈1.0 | ≈1.0 | · | · |
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
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | ACET | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 6.75Y avg ≈12.1 | ≈12.1 | 3.5 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
7.1%
Next Report
Nov 03, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 6, 2026 | $-1.99 | $-2.07 | 4.0% |
| March 31, 2026 | $-1.88 | $-3.17 | 40.7% | |
| Dec. 31, 2025 | $-2.94 | $-2.86 | -2.9% | |
| Sept. 30, 2025 | $-4.64 | $-4.73 | 1.9% | |
| June 30, 2025 | $-5.44 | $-4.97 | -9.5% | |
| March 31, 2025 | $-4.96 | $-5.41 | 8.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| R&D Expense | $99M | $99M | $106M | $71M | $49M | $34M | $24M | $15M | $17M | |
| SG&A Expense | $23M | $28M | $27M | $26M | $22M | $23M | $9M | $8M | $2M | |
| Operating Expenses | $122M | $128M | $152M | $98M | $71M | $57M | $32M | $23M | $19M | |
| Operating Income | $-122M | $-128M | $-152M | $-73M | $-61M | $-39M | $-31M | $-15M | $-19M | |
| Interest Expense | $36.0K | $4.0K | $25.0K | $80.0K | $176.0K | $134.0K | · | · | · | |
| Interest Income | $6M | $11M | $10M | · | · | · | · | · | · | |
| Other Non-op | $-430.0K | $-217.0K | $-573.0K | $-919.0K | $-606.0K | $-953.0K | $2M | $5M | $-15M | |
| Pretax Income | $-117M | $-117M | $-143M | $-70M | $-62M | $-39M | $-28M | $-10M | $-34M | |
| Income Tax | $0 | $0 | $0 | $0 | $-125.0K | $-3M | $19.0K | $-589.0K | $0 | |
| Net Income | $-117M | $-117M | $-143M | $-70M | $-62M | $-37M | $-28M | $-9M | $-34M | |
| EPS (Basic) | $-16.95 | $-21.33 | $-3.31 | $-1.70 | $-2.00 | · | · | · | · | |
| EPS (Diluted) | $-16.95 | $-21.33 | $-3.31 | $-1.70 | $-2.00 | · | · | · | · | |
| Shares (Basic) | 6,891,336 | 5,491,652 | 43,042,405 | 41,080,286 | 30,952,152 | 7,319,977 | 2,148,317 | 2,049,680 | · | |
| Shares (Diluted) | 6,891,336 | 5,491,652 | 43,042,405 | 41,080,286 | 30,952,152 | · | · | · | · | |
| EBITDA | · | $-128M | $-152M | $-73M | $-61M | · | $-85M | $-40M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $39M | $56M | $160M | $258M | $278M | $84M | $11M | $9M | $53M | |
| Short-term Investments | · | · | $0 | · | · | · | · | · | $0 | |
| Prepaid Expense | $2M | $4M | $3M | $3M | $5M | $6M | $2M | $1M | $792.0K | |
| Other Current Assets | $314.0K | $737.0K | $457.0K | $336.0K | $2.0K | $229.0K | $179.0K | $15.0K | $84.0K | |
| Current Assets | $161M | $180M | $162M | $261M | $282M | $100M | $64M | $110M | $55M | |
| PP&E (Net) | $17M | $23M | $27M | $29M | $15M | $3M | $2M | $321.0K | $39.0K | |
| PP&E (Gross) | $44M | $44M | $42M | $37M | $21M | $8M | $6M | $406.0K | $44.0K | |
| Accum. Depreciation | $27M | $21M | $15M | $9M | $6M | $5M | $4M | $85.0K | $5.0K | |
| Goodwill | · | · | $0 | $19M | $19M | $20M | · | · | · | |
| Intangibles | · | · | · | · | $0 | · | · | · | · | |
| Other Non-current Assets | $76.0K | $428.0K | $822.0K | $1M | $2M | $2M | $410.0K | · | · | |
| Total Assets | $192M | $220M | $207M | $331M | $339M | $154M | $82M | $110M | $55M | |
| Accounts Payable | $5M | $5M | $3M | $4M | $3M | $2M | $1M | $3M | $2M | |
| Accrued Liabilities | · | · | · | · | · | · | $5M | $3M | $4M | |
| Current Liabilities | $22M | $19M | $19M | $20M | $16M | $22M | $15M | $6M | $6M | |
| Capital Leases | $11M | $14M | $18M | $19M | $19M | $20M | · | · | · | |
| Deferred Tax | · | · | · | · | · | $125.0K | · | · | · | |
| Other Non-current Liabilities | $62.0K | $116.0K | $130.0K | $114.0K | $115.0K | · | $15.0K | $19.0K | · | |
| Total Liabilities | $33M | $34M | $37M | $38M | $36M | $44M | $28M | $6M | $6M | |
| Common Stock | $10.0K | $5.0K | $4.0K | $4.0K | $4.0K | $2.0K | $4.0K | $3.0K | $1.0K | |
| Paid-in Capital | · | · | · | · | · | · | · | $176M | $2M | |
| Retained Earnings | $-615M | $-498M | $-381M | $-238M | $-168M | $-106M | $-70M | $-71M | $-34M | |
| AOCI | $102.0K | $16.0K | $0 | $0 | $0 | $24.0K | $23.0K | $-41.0K | · | |
| Stockholders' Equity | $159M | $187M | $170M | $292M | $303M | $110M | $-60M | $-34M | $-27M | |
| Liabilities + Equity | $192M | $220M | $207M | $331M | $339M | $154M | $82M | $110M | $55M | |
| Shares Outstanding | 9,586,770 | 5,160,545 | 43,270,386 | 42,954,820 | 39,736,914 | 39,736,914 | 2,155,578 | 28,055,344 | 5,659,089 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $6M | $6M | $6M | $3M | $2M | $1M | $1M | $1M | $5.0K | |
| Stock-based Comp | $14M | $22M | $20M | $17M | $13M | $5M | $1M | $2M | $470.0K | |
| Deferred Tax | $0 | $0 | $0 | $0 | $-125.0K | $-242.0K | · | · | · | |
| Operating Cash Flow | $-95M | $-92M | $-94M | $-45M | $-51M | $-42M | $-28M | $-18M | $-11M | |
| CapEx | $2M | $1M | $4M | $17M | $13M | $990.0K | $1M | $876.0K | $44.0K | |
| Investing Cash Flow | $2M | $-119M | $-4M | $-17M | $-3M | $115M | $-48M | $-16M | $-44.0K | |
| Stock Issued | $0 | $19M | $0 | $43M | $238M | · | · | · | · | |
| Net Stock Activity | · | $19M | $0 | $0 | $238M | · | · | · | · | |
| Financing Cash Flow | $75M | $111M | $236.0K | $42M | $243M | $303.0K | $77M | $11M | $64M | |
| Net Change in Cash | $-18M | $-100M | $-98M | $-20M | $189M | $74M | $1M | $-23M | $53M | |
| Free Cash Flow | · | $-93M | $-98M | $-62M | $-64M | · | $-74M | $-36M | · | |
| Levered FCF | · | $-94M | $-98M | $-62M | $-64M | · | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROA | · | -54.8% | -53.0% | -20.8% | -25.2% | · | -81.2% | -45.6% | · | |
| ROE | · | -58.8% | -78.2% | -22.9% | -23.8% | · | -600.2% | -35.2% | · | |
| ROIC | · | -68.4% | -89.3% | -24.8% | -20.2% | · | -104.7% | -38.1% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 9.3 | 8.4 | 13.2 | 17.3 | · | 7.6 | 19.2 | · | |
| Quick Ratio | · | 2.9 | 8.3 | 13.1 | 17.0 | · | 2.8 | 1.2 | · | |
| Interest Coverage | · | -31903.8 | -6081.5 | -906.9 | -349.1 | · | · | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | $2.26 | $3.93 | $7.36 | $7.63 | · | $2.24 | $3.71 | · | |
| Cash Flow / Share | · | $-1.05 | $-2.18 | $-1.09 | · | · | · | · | · | |
| Cash / Share | · | $0.68 | $3.69 | $6.48 | $6.98 | · | $0.93 | $0.25 | · | |
| Dividend / Share | · | · | · | · | · | $0.00 | $0.00 | $0.00 | · | |
| Dividend Paid / Share | · | · | · | · | · | · | $0.00 | $0.00 | · | |
| EPS (TTM) | $-16.95 | $-21.33 | $-3.31 | $-1.70 | $-2.00 | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $-117M | $-117M | $-143M | $-70M | $-62M | $-37M | $-28M | $-9M | $-34M | |
| Market Cap | · | $79M | $82M | $355M | $695M | · | $380M | $1.69B | · | |
| P/E | -0.5 | -0.0 | -0.6 | -5.3 | -8.7 | · | · | · | · | |
| P/B | · | 0.4 | 0.5 | 1.2 | 2.3 | · | 4.7 | 16.2 | · | |
| P / Tangible Book | 0.5 | 0.4 | 0.5 | 1.3 | 2.5 | 3.1 | · | · | · | |
| P / Cash Flow | · | -0.9 | -0.9 | -7.9 | -13.6 | · | -5.2 | -47.6 | · | |
| P / FCF | · | -0.8 | -0.8 | -5.8 | -10.8 | · | -5.1 | -47.2 | · | |
| Earnings Yield | -201.3% | -2217.3% | -175.1% | -19.0% | -11.4% | · | · | · | · |
Income Statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D Expense | $18M | $17M | $25M | $23M | $28M | $23M | $23M | $26M | $26M | $24M | $25M | $26M | $28M | $27M | $25M | $17M | |
| SG&A Expense | $4M | $4M | $7M | $5M | $4M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $6M | |
| Operating Expenses | $22M | $22M | $32M | $28M | $32M | $30M | $31M | $33M | $33M | $31M | $32M | $52M | $35M | $33M | $32M | $23M | |
| Operating Income | $-22M | $-22M | $-32M | $-28M | $-32M | $-30M | $-31M | $-33M | $-33M | $-31M | $-32M | $-52M | $-35M | $-33M | $-32M | $-23M | |
| Interest Expense | $22.0K | $23.0K | $24.0K | $12.0K | $0 | $0 | $1.0K | $1.0K | $0 | $2.0K | $1.0K | $1.0K | $4.0K | $19.0K | $26.0K | $18.0K | |
| Interest Income | $1M | $1M | $2M | $1M | $1M | $2M | $2M | $3M | $3M | $3M | · | · | · | · | · | · | |
| Other Non-op | $-60.0K | $7.0K | $-131.0K | $-64.0K | $-223.0K | $-12.0K | $-51.0K | $-54.0K | $-51.0K | $-61.0K | $-101.0K | $-142.0K | $-124.0K | $-206.0K | $-462.0K | $-217.0K | |
| Pretax Income | $-21M | $-20M | $-31M | $-27M | $-31M | $-28M | $-29M | $-30M | $-30M | $-28M | $-29M | $-50M | $-32M | $-31M | $-30M | $-22M | |
| Income Tax | $143.0K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | $0 | $0 | $0 | |
| Net Income | $-21M | $-20M | $-31M | $-27M | $-31M | $-28M | $-29M | $-30M | $-30M | $-28M | $-29M | $-50M | $-32M | $-31M | $-30M | $-22M | |
| EPS (Basic) | $-1.99 | $-1.88 | $-16.01 | $-0.29 | $-5.48 | $-4.96 | $-20.31 | $-0.34 | $-0.33 | $-0.35 | $-0.68 | $-1.16 | $-0.75 | $-0.72 | $-0.73 | $-0.53 | |
| EPS (Diluted) | $-1.99 | $-1.88 | $-16.01 | $-0.29 | $-5.48 | $-4.96 | $-20.31 | $-0.34 | $-0.33 | $-0.35 | $-0.68 | $-1.16 | $-0.75 | $-0.72 | $-0.71 | $-0.53 | |
| Shares (Basic) | 10,745,553 | 10,744,621 | · | 91,086,464 | 5,692,816 | 5,691,965 | · | 90,846,293 | 90,632,045 | 79,071,652 | · | 42,980,641 | 42,957,035 | 42,955,688 | · | 41,642,815 | |
| Shares (Diluted) | 10,745,553 | 10,744,621 | · | 91,086,464 | 5,692,816 | 5,691,965 | · | 90,846,293 | 90,632,045 | 79,071,652 | · | 42,980,641 | 42,957,035 | 42,955,688 | · | 41,642,815 | |
| EBITDA | $-22M | $-22M | · | $-28M | $-32M | $-30M | · | $-33M | $-33M | $-31M | · | $-52M | $-35M | $-33M | · | $-23M |
Balance Sheet
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $33M | $36M | $39M | $29M | $35M | $28M | $56M | $105M | $224M | $248M | $160M | $183M | $205M | $232M | $258M | $283M | |
| Short-term Investments | · | · | · | · | · | · | · | $97M | · | · | · | · | · | · | · | · | |
| Prepaid Expense | $3M | $2M | $2M | $3M | $3M | $3M | $4M | $4M | $4M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Other Current Assets | $441.0K | $348.0K | $320.0K | $619.0K | $690.0K | $478.0K | $737.0K | $543.0K | $409.0K | $613.0K | $457.0K | $378.0K | $489.0K | $511.0K | $336.0K | $380.0K | |
| Current Assets | $121M | $140M | $161M | $106M | $128M | $154M | $180M | $206M | $228M | $250M | $162M | $186M | $209M | $235M | $261M | $286M | |
| PP&E (Net) | $14M | $15M | $17M | $18M | $20M | $21M | $23M | $24M | $24M | $25M | $27M | $28M | $30M | $30M | $29M | $27M | |
| PP&E (Gross) | $44M | $44M | $44M | $44M | $44M | $44M | $44M | $44M | $42M | $42M | $42M | $41M | $41M | $40M | $37M | $35M | |
| Accum. Depreciation | $30M | $29M | $27M | $26M | $24M | $23M | $21M | $20M | $18M | $16M | $15M | $13M | $12M | $10M | $9M | $8M | |
| Goodwill | · | · | · | · | · | · | · | · | · | · | · | $0 | $19M | $19M | $19M | $19M | |
| Other Non-current Assets | $80.0K | $78.0K | $76.0K | $110.0K | $225.0K | $314.0K | $428.0K | $508.0K | $593.0K | $691.0K | $822.0K | $916.0K | $1M | $1M | $1M | $1M | |
| Total Assets | $148M | $169M | $192M | $140M | $163M | $191M | $220M | $246M | $269M | $293M | $207M | $233M | $278M | $305M | $331M | $354M | |
| Accounts Payable | $4M | $3M | $5M | $4M | $3M | $4M | $5M | $2M | $2M | $3M | $3M | $4M | $3M | $3M | $4M | $5M | |
| Current Liabilities | $18M | $18M | $22M | $19M | $17M | $16M | $19M | $19M | $18M | $17M | $19M | $20M | $19M | $18M | $20M | $17M | |
| Capital Leases | $9M | $10M | $11M | $12M | $12M | $13M | $14M | $15M | $16M | $17M | $18M | $19M | $20M | $21M | $19M | $19M | |
| Other Non-current Liabilities | $0 | $0 | $62.0K | $125.0K | $116.0K | $116.0K | $116.0K | $116.0K | $116.0K | $116.0K | $130.0K | $143.0K | $130.0K | $116.0K | $114.0K | $116.0K | |
| Total Liabilities | $28M | $29M | $33M | $31M | $30M | $30M | $34M | $34M | $34M | $34M | $37M | $39M | $39M | $39M | $38M | $37M | |
| Common Stock | $1.0K | $1.0K | $10.0K | $8.0K | $8.0K | $8.0K | $5.0K | $8.0K | $8.0K | $8.0K | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | |
| Retained Earnings | $-656M | $-635M | $-615M | $-584M | $-557M | $-526M | $-498M | $-469M | $-439M | $-409M | $-381M | $-351M | $-301M | $-269M | $-238M | $-208M | |
| AOCI | $-105.0K | $-37.0K | $102.0K | $56.0K | $-41.0K | $-9.0K | $16.0K | $121.0K | · | · | $0 | · | $0 | $0 | · | $0 | |
| Stockholders' Equity | $120M | $140M | $159M | $109M | $133M | $161M | $187M | $212M | $235M | $259M | $170M | $195M | $239M | $266M | $292M | $318M | |
| Liabilities + Equity | $148M | $169M | $192M | $140M | $163M | $191M | $220M | $246M | $269M | $293M | $207M | $233M | $278M | $305M | $331M | $354M | |
| Shares Outstanding | 9,361,371 | 9,597,693 | 9,586,770 | 83,253,779 | 83,252,520 | 82,709,625 | 5,160,545 | 82,400,960 | 82,400,960 | 82,169,503 | 43,270,386 | 43,107,921 | 43,066,158 | 42,957,431 | 42,954,820 | 42,787,657 |
Cash Flow
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1M | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $800.0K | |
| Stock-based Comp | $1M | $1M | $6M | $2M | $3M | $3M | $4M | $7M | $6M | $6M | $5M | $6M | $5M | $5M | $4M | $4M | |
| Operating Cash Flow | $-20M | $-21M | $-21M | $-22M | $-27M | $-25M | $-24M | $-22M | $-23M | $-23M | $-23M | $-21M | $-25M | $-24M | $-19M | $-15M | |
| CapEx | $202.0K | $37.0K | $-10.0K | $209.0K | $47.0K | $1M | $176.0K | $401.0K | $302.0K | $239.0K | $136.0K | $906.0K | $2M | $2M | $6M | $5M | |
| Investing Cash Flow | $17M | $19M | $-45M | $17M | $33M | $-3M | $-22M | $-97M | $-302.0K | $-239.0K | $-136.0K | $-906.0K | $-2M | $-2M | $-6M | $-5M | |
| Stock Issued | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19M | $0 | $0 | $0 | $0 | $0 | $43M | |
| Net Stock Activity | · | · | · | · | · | $0 | · | · | · | $19M | · | · | · | · | · | · | |
| Financing Cash Flow | $58.0K | $-65.0K | $75M | $-150.0K | $267.0K | $-104.0K | $137.0K | $0 | $204.0K | $111M | $76.0K | $-59.0K | $226.0K | $-7.0K | $304.0K | $42M | |
| Net Change in Cash | $-3M | $-3M | $10M | $-6M | $7M | $-28M | $-46M | $-119M | $-24M | $88M | $-24M | $-22M | $-26M | $-26M | $-25M | $22M | |
| Free Cash Flow | · | $-22M | · | · | · | $-27M | · | · | · | $-23M | · | · | · | $-26M | · | · | |
| Levered FCF | · | $-22M | · | · | · | $-27M | · | · | · | $-23M | · | · | · | $-26M | · | · |
Profitability
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -13.7% | -11.2% | · | -13.9% | -14.5% | -11.7% | · | -12.7% | -10.9% | -9.4% | · | -17.0% | -10.7% | -9.6% | · | -7.2% | |
| ROE | -16.9% | -13.4% | · | -16.8% | -16.9% | -13.4% | · | -15.0% | -12.6% | -10.7% | · | -19.5% | -12.2% | -10.7% | · | -8.2% | |
| ROIC | -18.7% | -15.4% | · | -25.6% | -24.3% | -18.5% | · | -15.7% | · | -11.9% | · | -26.9% | -14.6% | -12.5% | · | -7.2% |
Liquidity & Solvency
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.7 | 7.7 | · | 5.6 | 7.5 | 9.3 | · | 10.6 | 12.8 | 14.3 | · | 9.4 | 11.1 | 13.0 | · | 16.6 | |
| Quick Ratio | 1.8 | 2.0 | · | 1.5 | 2.0 | 1.7 | · | 10.4 | 12.5 | 14.2 | · | 9.3 | 10.9 | 12.8 | · | 16.4 | |
| Interest Coverage | -1013.7 | -937.8 | · | -2329.3 | · | · | · | -33153.0 | · | -15435.5 | · | -52262.0 | -8722.5 | -1753.8 | · | -1276.9 |
Per Share
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $12.83 | $14.59 | · | $1.31 | $1.60 | $1.95 | · | $2.57 | $2.85 | $3.15 | · | $4.52 | $5.55 | $6.20 | · | $7.42 | |
| Cash Flow / Share | · | $-2.00 | · | · | · | $-0.28 | · | · | · | $-0.29 | · | · | · | $-0.56 | · | · | |
| Cash / Share | $3.54 | $3.78 | · | $0.35 | $0.42 | $0.34 | · | $1.28 | $2.72 | $3.01 | · | $4.25 | $4.77 | $5.39 | · | $6.61 | |
| EPS (TTM) | $-20.17 | $-23.66 | · | $-31.04 | $-31.09 | $-25.94 | · | $-1.70 | $-2.52 | $-2.94 | · | $-3.34 | $-2.71 | $-2.52 | · | $-1.39 |
Valuation (TTM)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $-99M | $-109M | · | $-115M | $-119M | $-117M | · | $-118M | $-137M | $-140M | · | $-143M | $-115M | $-105M | · | $-56M | |
| Market Cap | $81M | $65M | · | $67M | $51M | $62M | · | $119M | $100M | $193M | · | $59M | $105M | $247M | · | $608M | |
| P/E | -0.4 | -0.3 | · | -0.0 | -0.0 | -0.0 | · | -0.8 | -0.5 | -0.8 | · | -0.4 | -0.9 | -2.3 | · | -10.2 | |
| P/B | 0.7 | 0.5 | · | 0.6 | 0.4 | 0.4 | · | 0.6 | 0.4 | 0.7 | · | 0.3 | 0.4 | 0.9 | · | 1.9 | |
| P / Tangible Book | 0.7 | 0.5 | · | 0.6 | 0.4 | 0.4 | · | 0.6 | 0.4 | 0.7 | · | 0.3 | 0.5 | 1.0 | · | 2.0 | |
| P / Cash Flow | · | -3.0 | · | · | · | -2.5 | · | · | · | -8.5 | · | · | · | -10.3 | · | · | |
| Earnings Yield | -233.4% | -347.4% | · | -3832.1% | -5096.7% | -3435.8% | · | -118.1% | -208.3% | -125.1% | · | -243.8% | -111.5% | -43.8% | · | -9.8% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Net Income | $-117M | $-117M | $-143M | $-70M | $-62M |
| Diluted EPS | $-16.95 | $-21.33 | $-3.31 | $-1.70 | $-2.00 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | · | 9.3 | 8.4 | 13.2 | 17.3 |
| Quick Ratio | · | 2.9 | 8.3 | 13.1 | 17.0 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | · | $-93M | $-98M | $-62M | $-64M |
Institutional owners (13F) 62 filers · $57.4M total · As of June 30, 2026
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
62
Value held
$57.4M
New positions
17
Exited positions
6
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 17 (+4 vs prior Q) | 6 (-4 vs prior Q) | 18 (+6 vs prior Q) | 9 (+1 vs prior Q) | -300K |
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 |
|---|---|---|---|---|
| RA CAPITAL MANAGEMENT, L.P. | $8,057,871 | 932,624 | 14.03% | Shares |
| ORBIMED ADVISORS LLC | $7,298,960 | 844,787 | 12.71% | Shares |
| FRANKLIN RESOURCES INC | $5,413,573 | 626,571 | 9.43% | Shares |
| CITADEL ADVISORS LLC | $3,738,856 | 432,738 | 6.51% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $2,965,490 | 343,228 | 5.17% | Shares |
| VANGUARD GROUP INC | $2,452,552 | 291,277 | 4.27% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $2,370,600 | 274,375 | 4.13% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $2,297,765 | 265,945 | 4.00% | Shares |
| Stonepine Capital Management, LLC | $2,121,276 | 245,518 | 3.69% | Shares |
| Aquilo Capital Management, LLC | $1,854,426 | 2,456,194 | 3.23% | Shares |
| Alyeska Investment Group, L.P. | $1,760,823 | 203,799 | 3.07% | Shares |
| Schonfeld Strategic Advisors LLC | $1,689,238 | 195,514 | 2.94% | Shares |
| Carlyle Group Inc. | $1,592,308 | 184,295 | 2.77% | Shares |
| NEXTBio Capital Management LP | $1,363,625 | 157,827 | 2.38% | Shares |
| TWO SIGMA ADVISERS, LP | $937,449 | 111,336 | 1.63% | Shares |
| TWO SIGMA INVESTMENTS, LP | $836,689 | 96,839 | 1.46% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $826,703 | 95,634 | 1.44% | Shares |
| DAFNA Capital Management LLC | $810,536 | 93,812 | 1.41% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $742,686 | 85,959 | 1.29% | Shares |
| MARSHALL WACE, LLP | $686,775 | 79,488 | 1.20% | Shares |
| Trexquant Investment LP | $673,937 | 78,002 | 1.17% | Shares |
| JANE STREET GROUP, LLC | $609,647 | 70,561 | 1.06% | Shares |
| Burkehill Global Management, LP | $540,000 | 62,500 | 0.94% | Shares |
| BlackRock, Inc. | $536,769 | 62,126 | 0.93% | Shares |
| REGENERON PHARMACEUTICALS, INC. | $522,819 | 60,511 | 0.91% | Shares |
| Rangeley Capital, LLC | $439,707 | 50,892 | 0.77% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $437,789 | 50,670 | 0.76% | Shares |
| RBF Capital, LLC | $333,348 | 38,582 | 0.58% | Shares |
| STATE STREET CORP | $312,958 | 36,222 | 0.55% | Shares |
| Quadrature Capital Ltd | $312,708 | 36,193 | 0.54% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $273,049 | 31,603 | 0.48% | Shares |
| UBS Group AG | $257,619 | 29,817 | 0.45% | Shares |
| Verdad Advisers, LP | $217,728 | 25,200 | 0.38% | Shares |
| XTX Topco Ltd | $209,814 | 24,284 | 0.37% | Shares |
| CITADEL ADVISORS LLC | $196,992 | 22,800 | 0.34% | Put option |
| JOHNSON & JOHNSON | $196,811 | 22,779 | 0.34% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $178,416 | 20,650 | 0.31% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $169,344 | 19,600 | 0.29% | Put option |
| PRELUDE CAPITAL MANAGEMENT, LLC | $160,272 | 18,550 | 0.28% | Shares |
| NORTHERN TRUST CORP | $159,287 | 18,436 | 0.28% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $143,735 | 16,636 | 0.25% | Shares |
| Squarepoint Ops LLC | $131,795 | 15,254 | 0.23% | Shares |
| Vontobel Holding Ltd. | $119,025 | 13,776 | 0.21% | Shares |
| AXQ CAPITAL, LP | $94,962 | 10,991 | 0.17% | Shares |
| Jump Financial, LLC | $94,539 | 10,942 | 0.16% | Shares |
| CITADEL ADVISORS LLC | $92,534 | 10,710 | 0.16% | Call option |
| Arax Advisory Partners | $51,840 | 6,000 | 0.09% | Shares |
| Vanguard Global Advisers, LLC | $45,109 | 5,221 | 0.08% | Shares |
| SIMPLEX TRADING, LLC | $41,592 | 4,814 | 0.07% | Shares |
| MORGAN STANLEY | $19,795 | 2,291 | 0.03% | Shares |
Activists & 5%+ owners 7 positions
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 |
|---|---|---|---|---|---|
| ORBIMED ADVISORS LLC, ORBIMED CAPITAL GP VI LLC, ORBIMED CAPITAL GP V LLC, OrbiMed Genesis GP LLC, ORBIMED ADVISORS ISRAEL II LTD, ORBIMED ISRAEL GP II, L.P., ORBIMED ISRAEL GP LTD., ORBIMED ISRAEL BIOFUND GP LIMITED PARTNERSHIP ×10 filings | April 10, 2026 | 8.80% | Amendment | · | SEC |
| The Carlyle Group Inc., Carlyle Holdings I GP Inc., Carlyle Holdings I GP Sub L.L.C., Carlyle Holdings I L.P., CG Subsidiary Holdings L.L.C., TC Group, L.L.C., Carlyle Investment Management L.L.C., Carlyle Genesis UK LLC, Abingworth LLP, Abingworth Bioventures 8 LP ×2 filings | Feb. 7, 2024 | · | Initial filing | · | SEC |
| Abingworth LLP, Abingworth Bioventures 8, LP ×2 filings | March 16, 2021 | · | Initial filing | · | SEC |
| aMoon Growth Fund Limited Partnership (f/k/a aMoon 2 Fund Limited Partnership), aMoon Growth Fund G.P. Limited Partnership (f/k/a aMoon 2 Fund G.P. Limited Partnership), aMoon General Partner Ltd., Dr. Yair C. Schindel | Feb. 18, 2021 | · | Initial filing | · | SEC |
| aMoon 2 Fund Limited Partnership, aMoon 2 Fund G.P. Limited Partnership, aMoon General Partner Ltd., Dr. Yair C. Schindel ×2 filings | Dec. 3, 2020 | · | Initial filing | · | SEC |
| Adicet Bio, Inc. | May 8, 2020 | · | Initial filing | M&A / sale | SEC |
| PureTech Health LLC, PureTech Health plc ×3 filings | May 5, 2020 | · | Initial filing | · | 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 28 insiders · 11 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Chen Schor | President & CEO | June 19, 2026 A | 6,820 | 0 | 0 | $0 |
| Brian Nicholas Harvey | Chief Financial Officer | March 25, 2026 A | 5,145 | 0 | 0 | $0 |
| Lloyd Klickstein | Chief Medical Officer | Aug. 5, 2026 A | 108,566 | 0 | 0 | $0 |
| Blake Aftab | Chief Scientific Officer | June 19, 2026 A | 2,981 | 0 | 0 | $0 |
| Julia D. Maltzman | Chief Medical Officer | March 25, 2026 A | · | 0 | 0 | $0 |
| Don Healey | Chief Technology Officer | March 25, 2026 A | 3,452 | 0 | 0 | $0 |
| Francesco Galimi | SVP & Chief Medical Officer | June 5, 2024 A | 101,801 | 0 | 0 | $0 |
| Carrie Krehlik | Chief Human Resources Officer | Feb. 12, 2021 A | · | 0 | 0 | $0 |
| Joan Mannick | Chief Medical Officer | Dec. 6, 2019 A | 1,404,585 | 0 | 0 | $0 |
| John J Mccabe | Vice President, Finance | Dec. 6, 2019 A | 12,867 | 0 | 0 | $0 |
| Meredith Manning | Chief Commercial Officer | Feb. 27, 2019 A | · | 0 | 0 | $0 |
| Katie Peng | Director | June 21, 2026 A | 11,800 | 0 | 0 | $0 |
| Andrew Sinclair | Director | June 21, 2026 A | 17,700 | 0 | 0 | $0 |
| Michael Grissinger | Director | June 21, 2026 A | · | 0 | 0 | $0 |
| Jeffrey Chodakewitz | Director | June 21, 2026 A | 17,700 | 0 | 0 | $0 |
| Steve Dubin | Director | June 21, 2026 A | 22,700 | 0 | 0 | $0 |
| Aya Jakobovits | Director | Aug. 21, 2024 A | 11,800 | 0 | 0 | $0 |
| Michael Kauffman | Director | Aug. 21, 2024 A | 5,900 | 0 | 0 | $0 |
| GORDON CARL L | Director | Aug. 21, 2024 A | 11,800 | 0 | 0 | $0 |
| Bastiano Sanna | Director | Aug. 14, 2023 A | 5,900 | 0 | 0 | $0 |
| CHIMOVITS EREZ | Director | Feb. 12, 2021 A | 396,657 | 0 | 0 | $0 |
| David Adam Steinberg | Director | June 3, 2020 A | · | 0 | 0 | $0 |
| Paul R. Fonteyne | Director | June 3, 2020 A | · | 0 | 0 | $0 |
| Jonathan Silverstein | Director | June 3, 2020 A | 4,830,387 | 0 | 0 | $0 |
| PureTech Health LLC | 10% owner | Dec. 18, 2019 S | 2,119,696 | 0 | 0 | $0 |
| Stewart Abbot | · | June 11, 2021 A | · | 0 | 0 | $0 |
| Yair Chaim Schindel | · | Sept. 17, 2020 A | 1,104,460 | 0 | 0 | $0 |
| Lynne Marie Sullivan | · | June 3, 2020 A | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 4 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
ACET Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 12 analysts
BUY
Median target
$24.00
+269.2%
5 41.7%
Strong Buy
6 50.0%
Buy
1 8.3%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
6 analysts · 2026-09-30Mean target $34.83 +435.9%
← Below all targets
Current price $6.50
Low$18.00
Mean$34.83
High$90.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
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 |
|---|---|---|---|---|---|---|
| ACET | · | -0.5 | · | · | · | · |
| APLM | · | -2.5 | · | -128.7% | -1305.4% | · |
| CNTB | $159M | -2.8 | -99.8% | -86687.5% | -97.9% | · |
| IBIO | $97M | -5.5 | -75.0% | -33044.0% | -65.7% | · |
| GOSS | $724M | -4.1 | -57.7% | -351.5% | 201.8% | · |
| INKT | · | -3.8 | 4.5% | -6931.8% | 63.4% | · |
| NMAD | · | · | · | · | · | · |
| KLRS | $193M | -3.0 | · | · | -65.8% | · |
| FRMM | · | · | · | -6881.3% | -368.1% | · |
| BOLD | $27M | -0.5 | · | · | -46.7% | · |
| CLNN | $64M | · | -41.5% | -13086.5% | 200.2% | · |
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Source: SEC 10-Q filed Aug 5, 2026