ANAB AnaptysBio, Inc. - Common Stock
$59.63
Price · Aug 19, 2026
Fundamentals as of May 12, 2026
52W Range
$17–$73
76% of range
Analyst Rating
BUY
17 analysts
Price Target
$87
+46% upside
P/E (TTM)
-105.4
ROE
—
Net Profit Margin
—
ANAB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$59.63
Market Cap
—
P/E (TTM)
-105.4
EPS (TTM)
$-0.46
Revenue (TTM)
$235M
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$17 – $73
ANAB Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$235M
2016-12-31
→
2025-12-31
EPS
$-0.46
2016-12-31
→
2025-12-31
Free Cash Flow
—
2018-12-31
→
2024-12-31
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
ANAB
Peer Median
P/E (TTM)
-105.4
27.2
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
ANAB
Peer Median
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
ANAB
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
ANAB
Peer Median
Revenue YoY
157.0%
—
Revenue CAGR 3Y
183.6%
—
Revenue CAGR 5Y
25.6%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
ANAB
Peer Median
ANAB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
17 analysts
- Strong Buy 6 35.3%
- Buy 10 58.8%
- Hold 1 5.9%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
11 analysts · 2026-08-20
Median
$81.00
Mean
$87.09
← Below all targets
$59.63
Low
$70.00
High
$140.00
Median target
$81.00
+35.8%
Mean target
$87.09
+46.1%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.42%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-1.84 | $-0.62 | -1.2% |
| Dec. 31, 2025 | $1.58 | $0.96 | 0.62% |
| Sept. 30, 2025 | $0.52 | $-1.47 | 2.0% |
| June 30, 2025 | $-1.34 | $-1.57 | 0.23% |
| March 31, 2025 | $-1.28 | $-1.28 | -0.00% |
| Dec. 31, 2024 | $-0.72 | $-1.65 | 0.93% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ANAB | — | -105.4 | 157.0% | — | — | — |
| ZBIO | $1.98B | -4.3 | 100.0% | -3777.4% | -156.8% | — |
| DMRA | — | — | 38.3% | -17981.1% | -167.0% | — |
| SNDX | $1.84B | -6.4 | 627.8% | -165.6% | -257.1% | — |
| RXRX | $2.16B | -2.8 | 26.9% | -863.4% | -62.9% | — |
| NTLA | $1.05B | -2.4 | 16.9% | -609.8% | -59.5% | — |
| BCAX | $953M | -6.7 | — | — | -33.0% | — |
| TRAX | — | — | — | — | — | — |
| FBRX | $353M | -5.8 | 106.6% | -2555.2% | -86.9% | — |
| ZYME | $1.97B | -24.4 | 38.9% | -76.6% | -26.9% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $235M | $91M | $17M | $10M | $63M | $75M | $8M | $5M | $10M | $17M | |
| R&D Expense | · | · | · | $89M | $98M | $80M | $99M | $56M | $29M | $15M | |
| SG&A Expense | $51M | $42M | $42M | $37M | $21M | $19M | $16M | $16M | $9M | $4M | |
| Operating Expenses | $187M | $206M | $182M | $125M | $120M | $99M | $115M | $72M | $39M | $20M | |
| Operating Income | $48M | $-115M | $-164M | $-115M | $-57M | $-24M | $-107M | $-67M | $-29M | $-3M | |
| Interest Expense | · | · | · | · | $0 | $0 | $1M | $2M | $2M | $458.0K | |
| Interest Income | · | · | · | · | · | · | · | · | $2M | $127.0K | |
| Other Non-op | $5M | $14.0K | $-2.0K | $12.0K | $37.0K | $-11.0K | $1.0K | $-159.0K | $229.0K | $-147.0K | |
| Pretax Income | $-13M | $-145M | $-164M | $-129M | $-58M | $-20M | $-97M | $-62M | $-30M | $-4M | |
| Income Tax | $164.0K | $3.0K | $-4.0K | $24.0K | $0 | $0 | $-152.0K | $-192.0K | $0 | $0 | |
| Net Income | $-13M | $-145M | $-164M | $-129M | $-58M | $-20M | $-97M | $-62M | $-30M | $-4M | |
| EPS (Basic) | $-0.46 | $-5.12 | $-6.08 | $-4.57 | $-2.11 | $-0.73 | $-3.60 | $-2.50 | $-1.52 | $-1.62 | |
| EPS (Diluted) | $-0.46 | $-5.12 | $-6.08 | $-4.57 | $-2.11 | $-0.73 | $-3.60 | $-2.50 | $-1.52 | $-1.62 | |
| Shares (Basic) | 28,758,000 | 28,382,000 | 26,924,000 | 28,165,000 | 27,431,000 | 27,302,000 | 27,059,000 | · | · | · | |
| Shares (Diluted) | 28,758,000 | 28,382,000 | 26,924,000 | 28,165,000 | 27,431,000 | 27,302,000 | 27,059,000 | · | · | · | |
| EBITDA | · | $-114M | $-164M | $-114M | $-56M | $-23M | $-107M | $-66M | · | · |
Balance Sheet 23
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $238M | $123M | $36M | $71M | $496M | $250M | $171M | $114M | $81M | $51M | |
| Receivables | $34M | $41M | $7M | $1M | $876.0K | $0 | $0 | $0 | $0 | $1M | |
| Prepaid Expense | $5M | $6M | $9M | $5M | $5M | $3M | $4M | $7M | $3M | $2M | |
| Current Assets | $350M | $432M | $407M | $447M | $554M | $397M | $378M | $434M | $253M | $58M | |
| PP&E (Net) | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $665.0K | $471.0K | |
| PP&E (Gross) | $9M | $8M | $8M | $8M | $7M | $7M | $6M | $6M | $5M | $4M | |
| Accum. Depreciation | $7M | $7M | $6M | $6M | $5M | $5M | $5M | $4M | $4M | $4M | |
| Other Non-current Assets | $256.0K | $256.0K | $256.0K | $256.0K | $256.0K | $258.0K | $1M | $148.0K | $46.0K | · | |
| Total Assets | $364M | $484M | $452M | $610M | $643M | $417M | $435M | $509M | $329M | $62M | |
| Accounts Payable | $4M | $4M | $5M | $3M | $2M | $4M | $16M | $5M | $2M | $2M | |
| Accrued Liabilities | $33M | $40M | $31M | $22M | $13M | $15M | $11M | $9M | $5M | $3M | |
| Short-term Debt | · | · | · | · | · | $0 | $1M | $8M | $7M | $0 | |
| Current Liabilities | $39M | $45M | $37M | $26M | $16M | $20M | $30M | $22M | $14M | $6M | |
| Capital Leases | $12M | $14M | $16M | $18M | $19M | $0 | $654.0K | · | · | · | |
| Other Non-current Liabilities | · | · | · | · | · | $0 | $654.0K | $796.0K | · | · | |
| Total Debt | · | · | · | · | · | $0 | $1M | $8M | · | · | |
| Common Stock | $28.0K | $30.0K | $27.0K | $29.0K | $28.0K | $27.0K | $27.0K | $27.0K | $24.0K | $3.0K | |
| Paid-in Capital | $810M | $830M | $703M | $718M | $679M | $661M | $649M | $633M | $393M | $17M | |
| Retained Earnings | $-773M | $-759M | $-614M | $-450M | $-322M | $-264M | $-244M | $-147M | $-85M | $-55M | |
| AOCI | $-24.0K | $305.0K | $-797.0K | $-5M | $-422.0K | $-4.0K | $338.0K | $-223.0K | $-426.0K | $0 | |
| Stockholders' Equity | $37M | $71M | $88M | $262M | $356M | $397M | $405M | $486M | $308M | $-38M | |
| Liabilities + Equity | $364M | $484M | $452M | $610M | $643M | $417M | $435M | $509M | $329M | $62M | |
| Shares Outstanding | 28,019,000 | 30,473,000 | 26,597,000 | 28,513,000 | 27,647,000 | 27,356,000 | 27,255,000 | 26,922,000 | 23,791,000 | 2,651,000 |
Cash Flow 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $559.0K | $606.0K | $652.0K | $675.0K | $619.0K | $559.0K | $514.0K | $315.0K | $183.0K | $233.0K | |
| Stock-based Comp | $36M | $34M | $33M | $27M | $15M | · | · | · | $4M | $1M | |
| Other Non-cash | · | $-25M | $9M | $54M | $11M | $5M | $27M | $13M | · | · | |
| Operating Cash Flow | $20M | $-135M | $-121M | $-74M | $-46M | $-14M | $-70M | $-49M | $-19M | $-9M | |
| CapEx | $87.0K | $358.0K | $807.0K | $358.0K | $1M | $569.0K | $805.0K | $1M | $290.0K | $50.0K | |
| Investing Cash Flow | $228M | $95M | $145M | $-395M | $39M | $94M | $131M | $-142M | $-243M | $-50.0K | |
| Stock Issued | $14M | $6M | $2M | $12M | $3M | $496.0K | $3M | $227M | $293M | $0 | |
| Stock Repurchased | $69M | $456.0K | $50M | $0 | $0 | · | · | $0 | $0 | $1.0K | |
| Net Stock Activity | · | $6M | $-48M | $12M | $3M | $0 | $0 | $227M | · | · | |
| Financing Cash Flow | $-133M | $127M | $-59M | $44M | $252M | $-879.0K | $-4M | $223M | $292M | $9M | |
| Net Change in Cash | $115M | $87M | $-35M | $-424M | $245M | $79M | $57M | $32M | · | · | |
| Free Cash Flow | · | $-136M | $-122M | $-74M | $-47M | $-15M | $-70M | $-50M | · | · | |
| Levered FCF | · | · | · | · | $-47M | $-15M | $-71M | $-51M | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | -125.9% | -958.3% | -1119.4% | -89.9% | -31.8% | -1342.9% | -1334.4% | · | · | |
| Net Margin | · | -159.1% | -953.7% | -1251.3% | -91.5% | -26.6% | -1216.7% | -1233.1% | · | · | |
| Pretax Margin | · | -159.1% | -953.7% | -1251.1% | -91.5% | -26.6% | -1218.6% | -1237.0% | · | · | |
| EBITDA Margin | · | -125.3% | -954.5% | -1112.9% | -88.9% | -31.1% | -1336.5% | -1328.1% | · | · | |
| ROA | · | -31.0% | -30.8% | -20.5% | -10.9% | -4.7% | -20.6% | -14.7% | · | · | |
| ROE | · | -187.1% | -157.0% | -47.7% | -15.6% | -5.3% | -23.6% | -12.5% | · | · | |
| ROIC | · | -162.2% | -186.6% | -43.9% | -15.9% | -6.0% | -26.4% | -13.5% | · | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 9.5 | 10.9 | 17.2 | 34.4 | 20.0 | 12.8 | 19.9 | · | · | |
| Quick Ratio | · | 3.6 | 1.1 | 2.8 | 30.8 | 12.6 | 5.8 | 5.2 | · | · | |
| Debt / Equity | · | · | · | · | · | 0.0 | 0.0 | 0.0 | · | · | |
| Interest Coverage | · | · | · | · | · | · | -103.2 | -40.4 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.2 | 0.0 | 0.0 | 0.1 | 0.2 | 0.0 | 0.0 | · | · | |
| Receivables Turnover | · | 3.8 | 4.1 | 9.0 | 144.2 | · | · | · | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 157.0% | 432.0% | 66.8% | -83.7% | -15.8% | · | · | · | · | · | |
| Revenue CAGR 3Y | 183.6% | 13.1% | -38.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 25.6% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $235M | $91M | $17M | $10M | $63M | $75M | $8M | $5M | $10M | $17M | |
| Net Income TTM | $-13M | $-145M | $-164M | $-129M | $-58M | $-20M | $-97M | $-62M | $-30M | $-4M | |
| Market Cap | · | $403M | $570M | $884M | $961M | $588M | $443M | $1.72B | · | · | |
| Enterprise Value | · | · | · | · | · | $338M | $273M | $1.61B | · | · | |
| P/E | -105.4 | -2.6 | -3.5 | -6.8 | -16.5 | -29.5 | -4.5 | -25.5 | -66.3 | · | |
| P/S | · | 4.4 | 33.2 | 85.9 | 15.2 | 7.8 | 55.4 | 343.5 | · | · | |
| P/B | · | 5.7 | 6.5 | 3.4 | 2.7 | 1.5 | 1.1 | 3.5 | · | · | |
| P / Tangible Book | 36.5 | 5.7 | 6.5 | 3.4 | 2.7 | 1.5 | · | · | · | · | |
| P / Cash Flow | · | -3.0 | -4.7 | -12.0 | -20.9 | -41.5 | -6.4 | -35.4 | · | · | |
| P / FCF | · | -3.0 | -4.7 | -11.9 | -20.3 | -39.9 | -6.3 | -34.6 | · | · | |
| EV / EBITDA | · | · | · | · | · | -14.5 | -2.6 | -24.3 | · | · | |
| EV / FCF | · | · | · | · | · | -22.9 | -3.9 | -32.5 | · | · | |
| EV / Revenue | · | · | · | · | · | 4.5 | 34.2 | 322.3 | · | · | |
| Earnings Yield | -0.95% | -38.7% | -28.4% | -14.8% | -6.1% | -3.4% | -22.1% | -3.9% | -1.5% | · |
Income Statement 14
| Metric | Trend | 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 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26M | $108M | $76M | $22M | $28M | $43M | $30M | $11M | $7M | $9M | $3M | $3M | $1M | $7M | $1M | $1M | |
| R&D Expense | · | · | $31M | $38M | $41M | · | $42M | $42M | $37M | · | $31M | $33M | $35M | · | $22M | $21M | |
| SG&A Expense | $26M | $16M | $10M | $11M | $14M | $10M | $11M | $9M | $12M | $10M | $10M | $11M | $11M | $9M | $9M | $8M | |
| Operating Expenses | $60M | $41M | $42M | $48M | $55M | $53M | $53M | $51M | $49M | $51M | $41M | $44M | $46M | $33M | $31M | $29M | |
| Operating Income | $-35M | $67M | $35M | $-26M | $-28M | $-10M | $-23M | $-40M | $-42M | $-42M | $-38M | $-40M | $-44M | $-26M | $-30M | $-28M | |
| Other Non-op | $-1.0K | $-3.0K | $0 | $4M | $2M | $21.0K | $-5.0K | $0 | $-2.0K | $-2.0K | $1.0K | $3.0K | $-4.0K | $-4.0K | $4.0K | $6.0K | |
| Pretax Income | $-53M | $50M | $15M | $-39M | $-39M | $-22M | $-33M | $-47M | $-44M | $-42M | $-37M | $-40M | · | · | · | · | |
| Income Tax | $40.0K | $81.0K | $0 | $39.0K | $44.0K | $-6.0K | $0 | $9.0K | $0 | $-4.0K | $0 | · | · | · | · | · | |
| Net Income | $-53M | $50M | $15M | $-39M | $-39M | $-22M | $-33M | $-47M | $-44M | $-42M | $-37M | $-40M | $-44M | $-26M | $-34M | $-33M | |
| EPS (Basic) | $-1.84 | $1.62 | $0.54 | $-1.34 | $-1.28 | $-0.63 | $-1.14 | $-1.71 | $-1.64 | $-1.59 | $-1.41 | $-1.50 | $-1.58 | $-0.93 | $-1.18 | $-1.15 | |
| EPS (Diluted) | $-1.84 | $1.64 | $0.52 | $-1.34 | $-1.28 | $-0.63 | $-1.14 | $-1.71 | $-1.64 | $-1.59 | $-1.41 | $-1.50 | $-1.58 | $-0.93 | $-1.18 | $-1.15 | |
| Shares (Basic) | 28,691,000 | -58,529,000 | 27,833,000 | 28,810,000 | 30,644,000 | -54,668,000 | 28,893,000 | 27,356,000 | 26,801,000 | -54,204,000 | 26,546,000 | 26,629,000 | 27,953,000 | -56,041,000 | 28,289,000 | 28,204,000 | |
| Shares (Diluted) | 28,691,000 | -59,714,000 | 29,018,000 | 28,810,000 | 30,644,000 | -54,668,000 | 28,893,000 | 27,356,000 | 26,801,000 | -54,204,000 | 26,546,000 | 26,629,000 | 27,953,000 | -56,041,000 | 28,289,000 | 28,204,000 | |
| EBITDA | $-35M | · | $35M | $-26M | $-27M | · | $-23M | $-40M | $-42M | · | $-38M | $-40M | $-44M | · | $-30M | $-28M |
Balance Sheet 20
| Metric | Trend | 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 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $248M | $238M | $110M | $44M | $99M | $123M | $192M | $72M | $54M | · | $26M | $35M | $95M | · | $59M | $72M | |
| Receivables | $26M | $34M | $76M | $21M | $18M | $41M | $12M | $9M | $7M | · | $3M | $3M | $2M | · | $1M | $1M | |
| Prepaid Expense | $4M | $5M | $6M | $5M | $5M | $6M | $6M | $8M | $11M | · | $12M | $6M | $4M | · | $6M | $10M | |
| Current Assets | $316M | $350M | $331M | $292M | $363M | $432M | $449M | $367M | $372M | · | $428M | $439M | $437M | · | $450M | $453M | |
| PP&E (Net) | $1M | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $2M | $2M | |
| PP&E (Gross) | $9M | $9M | $9M | $9M | $8M | $8M | $8M | $8M | $8M | · | $8M | $8M | $8M | · | $7M | $7M | |
| Accum. Depreciation | $7M | $7M | $7M | $7M | $7M | $7M | $6M | $7M | $6M | · | $6M | $6M | $6M | · | $5M | $5M | |
| Other Non-current Assets | $256.0K | $256.0K | $256.0K | $256.0K | $256.0K | $256.0K | $256.0K | $256.0K | $256.0K | · | $256.0K | $256.0K | $256.0K | · | $256.0K | $256.0K | |
| Total Assets | $330M | $364M | $353M | $335M | $422M | $484M | $493M | $427M | $406M | · | $487M | $517M | $552M | · | $619M | $604M | |
| Accounts Payable | $8M | $4M | $3M | $3M | $6M | $4M | $4M | $5M | $5M | · | $7M | $5M | $3M | · | $3M | $2M | |
| Accrued Liabilities | $32M | $33M | $33M | $30M | $36M | $40M | $38M | $34M | $26M | · | $31M | $35M | $31M | · | $16M | $17M | |
| Current Liabilities | $42M | $39M | $38M | $36M | $44M | $45M | $44M | $40M | $32M | · | $39M | $42M | $36M | · | $21M | $20M | |
| Capital Leases | $11M | $12M | $13M | $13M | $14M | $14M | $15M | $15M | $16M | · | $16M | $17M | $17M | · | $18M | $19M | |
| Common Stock | $29.0K | $28.0K | $28.0K | $28.0K | $30.0K | $30.0K | $30.0K | $27.0K | $27.0K | · | $27.0K | $27.0K | $27.0K | · | $28.0K | $28.0K | |
| Paid-in Capital | $838M | $810M | $793M | $793M | $832M | $830M | $821M | $715M | $706M | · | $695M | $687M | $689M | · | $708M | $699M | |
| Retained Earnings | $-825M | $-773M | $-822M | $-837M | $-799M | $-759M | $-738M | $-705M | $-658M | · | $-572M | $-535M | $-495M | · | $-424M | $-391M | |
| AOCI | $-146.0K | $-24.0K | $47.0K | $-6.0K | $161.0K | $305.0K | $759.0K | $-415.0K | $-624.0K | · | $-2M | $-4M | $-3M | · | $-6M | $-4M | |
| Stockholders' Equity | $13M | $37M | $-29M | $-45M | $34M | $71M | $84M | $10M | $48M | $88M | $120M | $148M | $191M | $262M | $278M | $304M | |
| Liabilities + Equity | $330M | $364M | $353M | $335M | $422M | $484M | $493M | $427M | $406M | · | $487M | $517M | $552M | · | $619M | $604M | |
| Shares Outstanding | 29,031,000 | 28,019,000 | 27,575,000 | 27,973,000 | 30,388,000 | 30,473,000 | 30,429,000 | 27,434,000 | 27,317,000 | 26,597,000 | 26,575,000 | 26,531,000 | 27,018,000 | 28,513,000 | 28,354,000 | 28,231,000 |
Cash Flow 12
| Metric | Trend | 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 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $130.0K | $131.0K | $140.0K | $142.0K | $146.0K | $145.0K | $144.0K | $154.0K | $163.0K | $165.0K | $158.0K | $163.0K | $166.0K | $184.0K | $166.0K | $163.0K | |
| Stock-based Comp | $14M | $9M | $9M | $9M | $9M | $8M | $8M | $8M | $10M | $8M | $8M | $8M | $9M | $7M | $6M | $7M | |
| Other Non-cash | $13M | · | · | · | $19M | · | · | · | $-4M | · | · | · | $11M | · | · | · | |
| Operating Cash Flow | $-26M | $98M | $-27M | $-40M | $-11M | $-67M | $-10M | $-21M | $-37M | $-34M | $-36M | $-25M | $-25M | $-11M | $-18M | $-24M | |
| CapEx | $17.0K | $1.0K | $12.0K | $39.0K | $35.0K | $263.0K | $35.0K | $33.0K | $27.0K | $280.0K | $162.0K | $190.0K | $175.0K | $175.0K | $50.0K | $78.0K | |
| Investing Cash Flow | $35M | $74M | $103M | $36M | $15M | $-29M | $59M | $-2M | $69M | $49M | $31M | $-20M | $85M | $21M | $-32M | $-71M | |
| Stock Issued | $14M | $12M | $336.0K | $1M | $290.0K | $555.0K | $4M | $979.0K | $811.0K | $264.0K | $160.0K | $783.0K | $1M | $3M | $3M | $865.0K | |
| Stock Repurchased | $0 | $3M | $10M | $51M | $4M | $456.0K | $0 | $0 | $0 | $0 | $0 | $12M | $38M | $0 | $0 | $0 | |
| Net Stock Activity | $14M | · | · | · | $-4M | · | · | · | $811.0K | · | · | · | $-36M | · | · | · | |
| Financing Cash Flow | $1M | $-43M | $-10M | $-50M | $-29M | $28M | $71M | $42M | $-14M | $-5M | $-3M | $-13M | $-38M | $2M | $37M | $432.0K | |
| Net Change in Cash | $10M | $128M | $66M | $-54M | $-24M | $-69M | $120M | $18M | $18M | $10M | $-9M | $-59M | $23M | $13M | $-13M | $-95M | |
| Free Cash Flow | $-26M | · | · | · | $-11M | · | · | · | $-37M | · | · | · | $-25M | · | · | · |
Profitability 7
| Metric | Trend | 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 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -135.5% | · | 45.5% | -117.5% | -99.2% | · | -75.8% | -367.5% | -587.8% | · | -1137.2% | -1160.2% | -3231.5% | · | -2291.8% | -2286.1% | |
| Net Margin | -206.9% | · | 19.8% | -173.5% | -141.6% | · | -109.4% | -425.3% | -612.0% | · | -1124.4% | -1151.6% | -3220.9% | · | -2591.0% | -2677.1% | |
| Pretax Margin | -206.8% | · | 19.8% | -173.3% | -141.5% | · | -109.4% | -425.2% | · | · | · | · | · | · | · | · | |
| EBITDA Margin | -135.0% | · | 45.5% | -117.5% | -98.6% | · | -75.8% | -367.5% | -585.6% | · | -1137.2% | -1160.2% | -3219.4% | · | -2291.8% | -2286.1% | |
| ROA | -14.1% | · | 3.6% | -10.1% | -9.5% | · | -6.7% | -9.9% | -9.2% | · | -6.8% | -7.1% | -7.5% | · | -6.4% | -6.3% | |
| ROE | -226.1% | · | 55.0% | 221.7% | -96.2% | · | -32.1% | -58.9% | -36.8% | · | -18.8% | -17.6% | -17.0% | · | -10.1% | -9.4% | |
| ROIC | -271.9% | · | -118.0% | 58.6% | -81.0% | · | -27.0% | -408.2% | · | · | · | · | · | · | · | · |
Liquidity & Solvency 2
| Metric | Trend | 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 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.6 | · | 8.7 | 8.2 | 8.2 | · | 10.2 | 9.1 | 11.5 | · | 10.9 | 10.5 | 12.2 | · | 21.4 | 22.8 | |
| Quick Ratio | 6.6 | · | 4.9 | 1.8 | 2.6 | · | 4.6 | 2.0 | 1.9 | · | 0.8 | 0.9 | 2.7 | · | 2.8 | 3.7 |
Efficiency 2
| Metric | Trend | 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 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | · | 0.2 | 0.1 | 0.1 | · | 0.1 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | |
| Receivables Turnover | 1.2 | · | 1.7 | 1.5 | 2.2 | · | 3.9 | 1.8 | 1.7 | · | 1.5 | 1.6 | 1.1 | · | 1.3 | 1.5 |
Valuation (TTM) 10
| Metric | Trend | 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 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $152M | · | $156M | $91M | $76M | · | $51M | $25M | $15M | · | $9M | $7M | $5M | · | $24M | $53M | |
| Net Income TTM | $-116M | · | $-96M | $-157M | $-163M | · | $-161M | $-168M | $-165M | · | $-155M | $-150M | $-147M | · | $-109M | $-76M | |
| Market Cap | $1.61B | · | $844M | $621M | $565M | · | $1.02B | $687M | $615M | · | $477M | $540M | $588M | · | $723M | $573M | |
| P/E | -14.1 | · | -9.5 | -4.1 | -3.2 | · | -5.7 | -4.0 | -3.7 | · | -3.2 | -3.8 | -4.2 | · | -6.6 | -7.5 | |
| P/S | 10.6 | · | 5.4 | 6.8 | 7.4 | · | 19.8 | 27.6 | 40.1 | · | 50.5 | 73.5 | 121.1 | · | 29.7 | 10.8 | |
| P/B | 126.3 | · | -28.7 | -13.9 | 16.6 | · | 12.1 | 69.6 | 12.9 | · | 4.0 | 3.6 | 3.1 | · | 2.6 | 1.9 | |
| P / Tangible Book | 126.3 | · | · | · | 16.6 | · | 12.1 | 69.6 | 12.9 | · | 4.0 | 3.6 | 3.1 | · | 2.6 | 1.9 | |
| P / Cash Flow | -62.1 | · | · | · | -52.8 | · | · | · | -16.5 | · | · | · | -23.9 | · | · | · | |
| P / FCF | -62.1 | · | · | · | -52.6 | · | · | · | -16.5 | · | · | · | -23.8 | · | · | · | |
| Earnings Yield | -7.1% | · | -10.6% | -24.6% | -31.0% | · | -17.6% | -25.0% | -27.2% | · | -31.6% | -26.6% | -24.0% | · | -15.2% | -13.4% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $235M | $91M | $17M | $10M | $63M |
| Operating Margin % | — | -125.9% | -958.3% | -1119.4% | -89.9% |
| Net Income | $-13M | $-145M | $-164M | $-129M | $-58M |
| Diluted EPS | $-0.46 | $-5.12 | $-6.08 | $-4.57 | $-2.11 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | — | 9.5 | 10.9 | 17.2 | 34.4 |
| Quick Ratio | — | 3.6 | 1.1 | 2.8 | 30.8 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | — | $-136M | $-122M | $-74M | $-47M |
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Institutional owners (13F) 229 filers · $1.8B 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.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 55 (+2 vs prior Q) | 34 (+15 vs prior Q) | 67 (+14 vs prior Q) | 62 (-9 vs prior Q) | +2.6M |
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 |
|---|---|---|---|---|
| EcoR1 Capital, LLC | $531,906,345 | 7,880,094 | 30.01% | Shares |
| TANG CAPITAL MANAGEMENT LLC | $89,834,333 | 1,330,879 | 5.07% | Shares |
| STATE STREET CORP | $86,818,095 | 1,286,194 | 4.90% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $61,170,728 | 906,233 | 3.45% | Shares |
| Affinity Asset Advisors, LLC | $55,762,358 | 826,109 | 3.15% | Shares |
| Sanofi | $55,479,398 | 821,917 | 3.13% | Shares |
| MILLENNIUM MANAGEMENT LLC | $54,493,830 | 807,316 | 3.07% | Shares |
| Woodline Partners LP | $48,398,445 | 717,014 | 2.73% | Shares |
| 683 Capital Management, LLC | $44,550,001 | 660,000 | 2.51% | Shares |
| Palo Alto Investors LP | $40,735,508 | 603,489 | 2.30% | Shares |
| First Light Asset Management, LLC | $39,285,270 | 582,004 | 2.22% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $37,982,346 | 562,584 | 2.14% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $35,630,415 | 527,858 | 2.01% | Shares |
| Apis Capital Advisors, LLC | $33,547,500 | 497,000 | 1.89% | Shares |
| Sofinnova Investments, Inc. | $33,313,680 | 493,536 | 1.88% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $32,983,943 | 488,651 | 1.86% | Shares |
| GOLDMAN SACHS GROUP INC | $28,015,335 | 415,042 | 1.58% | Shares |
| CITADEL ADVISORS LLC | $26,620,178 | 394,373 | 1.50% | Shares |
| D. E. Shaw & Co., Inc. | $24,649,718 | 365,181 | 1.39% | Shares |
| Squarepoint Ops LLC | $21,900,105 | 324,446 | 1.24% | Shares |
| BANK OF AMERICA CORP /DE/ | $19,603,148 | 290,417 | 1.11% | Shares |
| TWO SIGMA INVESTMENTS, LP | $17,752,163 | 262,995 | 1.00% | Shares |
| FIRST TRUST ADVISORS LP | $17,481,757 | 258,989 | 0.99% | Shares |
| TWO SIGMA ADVISERS, LP | $17,292,816 | 356,700 | 0.98% | Shares |
| Coppell Advisory Solutions LLC | $16,575,695 | 3,638 | 0.94% | Shares |
| Qube Research & Technologies Ltd | $15,442,448 | 228,777 | 0.87% | Shares |
| HSBC HOLDINGS PLC | $14,928,261 | 216,949 | 0.84% | Shares |
| Empowered Funds, LLC | $13,905,675 | 206,010 | 0.78% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $13,655,588 | 202,305 | 0.77% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $12,337,313 | 182,775 | 0.70% | Shares |
| Greenhaven Road Investment Management, L.P. | $11,546,483 | 171,059 | 0.65% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $11,422,823 | 169,227 | 0.64% | Shares |
| MACKENZIE FINANCIAL CORP | $10,191,083 | 150,979 | 0.57% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $9,903,870 | 146,724 | 0.56% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $9,189,518 | 136,141 | 0.52% | Shares |
| Ensign Peak Advisors, Inc | $7,228,980 | 107,096 | 0.41% | Shares |
| CITIGROUP INC | $6,613,245 | 97,974 | 0.37% | Shares |
| VANGUARD GROUP INC | $6,452,300 | 133,092 | 0.36% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $6,327,000 | 93,732 | 0.36% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $5,666,085 | 83,942 | 0.32% | Shares |
| FMR LLC | $5,224,838 | 77,405 | 0.29% | Shares |
| Granahan Investment Management, LLC | $5,127,435 | 75,962 | 0.29% | Shares |
| PRUDENTIAL FINANCIAL INC | $4,936,410 | 73,132 | 0.28% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,893,750 | 72,500 | 0.28% | Put option |
| Irenic Capital Management LP | $4,755,173 | 70,447 | 0.27% | Shares |
| Eversept Partners, LP | $4,723,852 | 69,983 | 0.27% | Shares |
| JPMORGAN CHASE & CO | $4,251,635 | 64,448 | 0.24% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $4,207,680 | 62,336 | 0.24% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $4,168,328 | 61,753 | 0.24% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $3,935,250 | 58,300 | 0.22% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $3,884,963 | 57,555 | 0.22% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $3,091,230 | 45,796 | 0.17% | Shares |
| MARSHALL WACE, LLP | $2,957,985 | 43,822 | 0.17% | Shares |
| Bleakley Financial Group, LLC | $2,886,368 | 42,761 | 0.16% | Shares |
| Camber Capital Management LP | $2,775,000 | 125,000 | 0.16% | Shares |
| WELLS FARGO & COMPANY/MN | $2,742,323 | 40,627 | 0.15% | Shares |
| HighMark Wealth Management LLC | $2,680,830 | 39,716 | 0.15% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $2,642,085 | 39,142 | 0.15% | Shares |
| Trexquant Investment LP | $2,389,770 | 35,404 | 0.13% | Shares |
| Atom Investors LP | $2,289,398 | 33,917 | 0.13% | Shares |
| Swiss National Bank | $2,139,750 | 31,700 | 0.12% | Shares |
| Voleon Capital Management LP | $2,121,188 | 31,425 | 0.12% | Shares |
| Moody Aldrich Partners LLC | $2,087,505 | 30,926 | 0.12% | Shares |
| Aquatic Capital Management LLC | $2,079,878 | 30,813 | 0.12% | Shares |
| SummitTX Capital, L.P. | $1,942,583 | 28,779 | 0.11% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,820,197 | 32,820 | 0.10% | Shares |
| RHUMBLINE ADVISERS | $1,778,349 | 26,346 | 0.10% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,620,000 | 24,000 | 0.09% | Call option |
| BURNEY CO/ | $1,522,598 | 22,557 | 0.09% | Shares |
| Rafferty Asset Management, LLC | $1,475,820 | 21,864 | 0.08% | Shares |
| XTX Topco Ltd | $1,445,243 | 21,411 | 0.08% | Shares |
| HUSSMAN STRATEGIC ADVISORS, INC. | $1,417,500 | 21,000 | 0.08% | Shares |
| TUDOR INVESTMENT CORP ET AL | $1,351,283 | 20,019 | 0.08% | Shares |
| CREDIT AGRICOLE S A | $1,350,000 | 20,000 | 0.08% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $1,346,085 | 19,942 | 0.08% | Shares |
| Bank of New York Mellon Corp | $1,298,768 | 19,241 | 0.07% | Shares |
| Y-Intercept (Hong Kong) Ltd | $1,246,590 | 18,468 | 0.07% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $1,183,681 | 17,536 | 0.07% | Shares |
| Diametric Capital, LP | $1,138,590 | 16,868 | 0.06% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $1,113,750 | 16,500 | 0.06% | Shares |
| TEMA ETFS LLC | $1,093,709 | 22,560 | 0.06% | Shares |
| MILLENNIUM MANAGEMENT LLC | $1,012,500 | 15,000 | 0.06% | Call option |
| BlackRock, Inc. | $998,258 | 14,789 | 0.06% | Shares |
| Cresset Asset Management, LLC | $972,810 | 14,412 | 0.05% | Shares |
| Vanguard Global Advisers, LLC | $939,533 | 13,919 | 0.05% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $904,838 | 13,405 | 0.05% | Shares |
| Brevan Howard Capital Management LP | $899,708 | 13,329 | 0.05% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $897,345 | 13,294 | 0.05% | Shares |
| SEI INVESTMENTS CO | $888,368 | 13,161 | 0.05% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $886,343 | 13,131 | 0.05% | Shares |
| Orion Porfolio Solutions, LLC | $801,630 | 11,876 | 0.05% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $783,676 | 11,610 | 0.04% | Shares |
| Clear Harbor Asset Management, LLC | $779,625 | 11,550 | 0.04% | Shares |
| MetLife Investment Management, LLC | $779,490 | 11,548 | 0.04% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $776,440 | 14,000 | 0.04% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $760,388 | 11,265 | 0.04% | Shares |
| Nuveen, LLC | $753,773 | 11,167 | 0.04% | Shares |
| PROFUND ADVISORS LLC | $745,470 | 11,044 | 0.04% | Shares |
| CITADEL ADVISORS LLC | $722,250 | 10,700 | 0.04% | Put option |
| Quantedge Capital Pte Ltd | $702,000 | 10,400 | 0.04% | Shares |
Company insiders 23 insiders · 4 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Hamza Suria | President, CEO | Feb. 10, 2022 A | 68,600 | 0 | 0 | $0 |
| Dominic Piscitelli | Chief Financial Officer | Feb. 8, 2019 A | 0 | 0 | 0 | $0 |
| Marco Londei | Chief Medical Officer | Dec. 6, 2019 A | 68,579 | 0 | 0 | $0 |
| Matthew Moyle | Chief Scientific Officer | Feb. 24, 2017 A | — | 0 | 0 | $0 |
| John P. Schmid | Director | June 15, 2026 M | 37,652 | 0 | 0 | $0 |
| John A Orwin | Director | June 15, 2026 M | 16,695 | 0 | 0 | $0 |
| Hollings Renton | Director | June 15, 2026 M | 10,995 | 0 | 0 | $0 |
| Dennis M Fenton | Director | Jan. 6, 2026 A | — | 0 | 0 | $0 |
| Anthony J. Ware | Director | Jan. 3, 2024 A | 3,600 | 0 | 0 | $0 |
| Rita Jain | Director | Jan. 3, 2024 A | — | 0 | 0 | $0 |
| Magda Marquet | Director | Jan. 3, 2024 A | — | 0 | 0 | $0 |
| Nicholas Lydon | Director | Feb. 8, 2019 A | 271,106 | 0 | 0 | $0 |
| James A Schoeneck | Director | Feb. 2, 2018 A | — | 0 | 0 | $0 |
| Carol Giltner Gallagher | Director | Feb. 2, 2018 A | 64,296 | 0 | 0 | $0 |
| EcoR1 Capital, LLC | 10% owner | Aug. 14, 2024 P | 7,794,996 | 0 | 0 | $0 |
| Novo Holdings A/S | 10% owner | Aug. 21, 2017 S | 1,936,604 | 0 | 0 | $0 |
| ANAPTYSBIO, INC | — | April 20, 2026 J | 0 | 0 | 0 | $0 |
| Lizzul Paul F. | — | March 12, 2026 A | 10,118 | 0 | 0 | $0 |
| Daniel Faga | — | March 12, 2026 A | 898,027 | 0 | 0 | $0 |
| Eric J Loumeau | — | Feb. 11, 2026 M | 12,835 | 0 | 13 | $-2,983,468 |
| Dennis Mulroy | — | Jan. 7, 2026 M | 21,852 | 0 | 6 | $-1,549,401 |
| Laura Hamill | — | Jan. 6, 2023 A | — | 0 | 0 | $0 |
| James N. Topper | — | Jan. 6, 2023 A | 80,812 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 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 |
|---|---|---|---|---|---|
| EcoR1 Capital, LLC, Oleg Nodelman, EcoR1 Capital Fund Qualified, L.P. ×5 filings | Aug. 16, 2024 | — | Initial filing | Board campaign | SEC |
| Frazier Healthcare V, L.P., FHM V, L.P., FHM V, L.L.C., Frazier Healthcare VII, L.P., Frazier Healthcare VII-A, L.P., FHM VII, L.P., FHM VII, L.L.C., James N. Topper, Patrick J. Heron, Alan Frazier, Nader Naini, Nathan Every, Brian Morfitt ×5 filings | Nov. 18, 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.
ETF ownership Held by 46 ETFs
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 |
|---|---|---|---|---|
| BBC · ETFis Series Trust I | 1.08% | 6,139 NS | April 30, 2026 | N-PORT |
| CANC · Tema ETF Trust | 0.99% | 31,270 NS | May 31, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.87% | 137,749 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.44% | 81,861 NS | April 30, 2026 | N-PORT |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.39% | 6,876 NS | May 31, 2026 | N-PORT |
| LABU · Direxion Shares ETF Trust | 0.37% | 29,328 NS | April 30, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.32% | 1,246 NS | April 30, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.18% | 12,833 NS | April 30, 2026 | N-PORT |
| FSCC · Federated Hermes ETF Trust | 0.17% | 8,490 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.12% | 43,589 NS | April 30, 2026 | N-PORT |
| TMFX · RBB Fund, Inc. | 0.08% | 457 NS | May 31, 2026 | N-PORT |
| BIB · ProShares Trust | 0.08% | 1,023 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.04% | 7,749 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.03% | 859 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 94,549 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.02% | 672 NS | May 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 0.01% | 6,418 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.01% | 680 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 856 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.00% | 8,753 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 17 NS | May 31, 2026 | N-PORT |
| AVUQ · AMERICAN CENTURY ETF TRUST | 0.00% | 66 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 10,559 NS | May 31, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.00% | 18 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 483 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| ITOT · iShares Trust | — | — | Aug. 5, 2026 | Daily |
| IWV · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWO · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IBB · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PBE · Invesco Exchange-Traded Fund Trust | — | — | July 13, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | — | — | July 13, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | — | — | July 16, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |
| ISCB · iShares Trust | — | — | Aug. 5, 2026 | Daily |
| ISCG · iShares Trust | — | — | Aug. 5, 2026 | Daily |
| ISCV · iShares Trust | — | — | Aug. 5, 2026 | Daily |
| SMMV · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| WSML · iShares Trust | — | — | Aug. 5, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | — | — | Aug. 5, 2026 | Daily |