Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.09%
Period
EPS Actual
EPS Est
Surprise
March 31, 2026
$-0.22
$-0.23
0.01%
Dec. 31, 2025
$-0.32
$-0.40
0.08%
Sept. 30, 2025
$-0.47
$-0.35
-0.12%
June 30, 2025
$-0.53
$-0.76
0.23%
Dec. 31, 2024
$-0.49
$-0.70
0.21%
Sept. 30, 2024
$-0.64
$-0.76
0.12%
Peer comparison (GICS sub-industry)
Key metrics vs sector peers
Ticker
Market Cap
P/E
Rev YoY
Net Margin
ROE
Gross Margin
APRE
$7M
-0.4
—
—
-97.5%
—
VTGN
—
-0.3
161.1%
-5491.3%
-136.8%
—
IMNN
$13M
-0.6
—
—
-298.2%
—
LIMN
—
—
—
—
—
—
SNGX
$14M
-0.6
-85.8%
—
-311.2%
—
CELZ
—
-0.8
-45.5%
—
—
—
AKTX
$26.17B
—
—
—
-64.1%
—
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
Income Statement12
Annual Income Statement data for APRE
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
R&D Expense
·
·
·
·
$24M
$38M
$21M
$14M
SG&A Expense
$6M
$6M
$8M
$21M
$14M
$15M
$9M
$2M
Operating Expenses
$14M
$16M
$16M
$113M
$37M
$53M
$30M
$16M
Operating Income
$-13M
$-14M
$-15M
$-113M
$-37M
·
·
·
Other Non-op
$634.3K
$1M
$1M
$730.2K
$319.1K
$-667.6K
$1M
$961.1K
Income Tax
$0
$0
$0
$0
$0
$0
$0
$0
Net Income
$-13M
$-13M
$-14M
$-113M
$-37M
$-53M
$-28M
$-16M
EPS (Basic)
$-1.93
$-2.35
$-3.95
$-67.99
$-34.88
$-50.61
$-4.67
·
EPS (Diluted)
$-1.93
$-2.35
$-3.95
$-67.99
$-34.88
$-50.61
$-4.67
·
Shares (Basic)
6,538,722
5,509,921
3,617,607
1,657,055
1,064,325
1,056,681
6,002,486
·
Shares (Diluted)
6,538,722
5,509,921
3,617,607
1,657,055
1,064,325
1,056,681
6,002,486
·
EBITDA
$-13M
$-14M
$-15M
·
·
$28.8K
$11.1K
·
Balance Sheet19
Annual Balance Sheet data for APRE
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
Cash & Equivalents
$15M
$23M
$22M
$29M
$53M
$89M
$130M
$66M
Prepaid Expense
$961.9K
$726.3K
$914.3K
$1M
$4M
$3M
$3M
$322.1K
Current Assets
$16M
$24M
$23M
$30M
$57M
$92M
$133M
$66M
PP&E (Net)
$59.8K
$81.5K
$88.4K
$2.3K
$23.9K
$38.5K
$41.6K
$24.4K
PP&E (Gross)
$154.0K
$154.0K
$138.5K
$45.4K
$140.9K
$152.8K
$127.1K
$98.8K
Accum. Depreciation
$94.2K
$72.4K
$50.1K
$43.1K
$117.0K
$114.3K
$85.4K
$74.3K
Other Non-current Assets
$271.2K
$281.7K
·
·
$29.4K
$29.4K
$107
$111
Total Assets
$16M
$24M
$23M
$30M
$57M
$93M
$134M
$66M
Accounts Payable
$713.7K
$1M
$2M
$842.8K
$2M
$5M
$2M
$2M
Current Liabilities
$3M
$3M
$4M
$3M
$7M
$15M
$9M
$5M
Capital Leases
·
·
·
·
·
$78.8K
$302.6K
·
Total Liabilities
·
·
·
$3M
$7M
$15M
$9M
$5M
Common Stock
$8.2K
$5.5K
$3.7K
$2.7K
$1.1K
$21.2K
$21.0K
$127.1K
Paid-in Capital
$357M
$351M
$336M
$330M
$241M
$231M
$226M
$20M
Retained Earnings
$-334M
$-321M
$-308M
$-294M
$-181M
$-144M
$-91M
$-62M
AOCI
$-11M
$-11M
$-11M
$-11M
$-10M
$-10M
$-12M
$-9M
Stockholders' Equity
$12M
$19M
$17M
$26M
$50M
$77M
$124M
$-51M
Liabilities + Equity
$16M
$24M
$23M
$30M
$57M
$93M
$134M
$66M
Shares Outstanding
8,192,538
5,481,055
3,736,673
2,655,269
1,092,967
21,186,827
21,022,752
1,155,366
Cash Flow9
Annual Cash Flow data for APRE
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
D&A
$21.7K
$22.3K
$7.1K
$4.4K
$12.8K
$28.8K
$11.1K
$8.3K
Other Non-cash
$-316.6K
$-620.3K
$2M
·
·
$12M
$1M
·
Operating Cash Flow
$-13M
$-14M
$-12M
$-25M
$-38M
$-42M
$-27M
$-15M
CapEx
·
$15.5K
$93.1K
·
·
$25.7K
$30.9K
$3.7K
Investing Cash Flow
·
$-15.5K
$-93.1K
·
·
$-25.7K
$-30.9K
$-3.7K
Stock Issued
$5M
$16M
$6M
$683.0K
$2M
·
·
·
Net Stock Activity
$5M
$16M
$6M
·
·
·
·
·
Financing Cash Flow
$5M
$15M
$5M
$683.0K
$2M
$150.9K
$93M
$56M
Free Cash Flow
·
$-14M
$-12M
·
·
$-42M
$-27M
·
Profitability2
Annual Profitability data for APRE
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
ROA
-63.1%
-55.6%
-54.1%
·
·
-47.2%
-28.1%
·
ROE
-97.5%
-62.8%
-76.7%
·
·
-64.3%
-105.0%
·
Liquidity & Solvency2
Annual Liquidity & Solvency data for APRE
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
Current Ratio
5.6
7.0
5.1
·
·
6.0
14.7
·
Quick Ratio
5.3
6.8
4.9
·
·
5.8
14.4
·
Per Share4
Annual Per Share data for APRE
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
Book Value / Share
$1.52
$3.52
$4.54
·
·
$3.65
$5.91
·
Cash Flow / Share
$-1.97
$-2.46
$-3.37
·
·
·
·
·
Cash / Share
$1.78
$4.17
$5.78
·
·
$4.20
$6.19
·
EPS (TTM)
$-1.93
$-2.35
$-3.95
$-67.99
$-34.88
$-50.61
$-4.67
·
Valuation (TTM)8
Annual Valuation (TTM) data for APRE
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
Net Income TTM
$-13M
$-13M
$-14M
$-113M
$-37M
$-53M
$-28M
·
Market Cap
$7M
$18M
$18M
·
·
$2.08B
$19.29B
·
P/E
-0.4
-1.4
-1.2
-0.1
-1.6
-1.9
-196.5
·
P/B
0.6
0.9
1.0
·
·
26.9
155.3
·
P / Tangible Book
0.6
0.9
1.0
0.7
25.3
26.9
·
·
P / Cash Flow
-0.5
-1.3
-1.4
·
·
-49.9
-722.4
·
P / FCF
·
-1.3
-1.4
·
·
-49.8
-721.6
·
Earnings Yield
-226.3%
-71.4%
-84.0%
-1027.0%
-60.8%
-51.4%
-0.51%
·
Income Statement11
Quarterly Income Statement data for APRE
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
SG&A Expense
$2M
$2M
$2M
$1M
$2M
$2M
$1M
$2M
$2M
$2M
$2M
$2M
$2M
$3M
$-2M
$3M
Operating Expenses
$4M
$3M
$3M
$3M
$4M
$4M
$3M
$4M
$4M
$4M
$4M
$4M
$4M
$5M
$3M
$4M
Operating Income
$-4M
$-3M
$-3M
$-3M
$-3M
$-4M
$-3M
$-4M
$-4M
$-3M
$-4M
$-4M
$-4M
$-5M
$-3M
$-4M
Other Non-op
$440.9K
$142.5K
$187.5K
$145.0K
$148.9K
$152.9K
$331.2K
$313.2K
$376.9K
$339.6K
$231.7K
$318.3K
$392.6K
$242.6K
$209.5K
$175.5K
Income Tax
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Income
$-4M
$-3M
$-2M
$-3M
$-3M
$-4M
$-3M
$-4M
$-3M
$-3M
$-3M
$-3M
$-3M
$-4M
$-2M
$-4M
EPS (Basic)
$-0.07
$-0.22
$-0.27
$-0.47
$-0.53
$-0.66
$-0.46
$-0.64
$-0.58
$-0.67
$-0.88
$-0.86
$-0.87
$-1.34
$28.30
$-2.32
EPS (Diluted)
$-0.07
$-0.22
$-0.27
$-0.47
$-0.53
$-0.66
$-0.46
$-0.64
$-0.58
$-0.67
$-0.88
$-0.86
$-0.87
$-1.34
$28.30
$-2.32
Shares (Basic)
53,483,504
14,685,448
-11,911,411
6,372,938
6,083,329
5,993,866
-10,565,451
5,939,755
5,937,291
4,198,326
-7,109,624
3,735,176
3,731,571
3,260,484
-2,303,896
1,732,783
Shares (Diluted)
53,483,504
14,685,448
-11,911,411
6,372,938
6,083,329
5,993,866
-10,565,451
5,939,755
5,937,291
4,198,326
-7,109,624
3,735,176
3,731,571
3,260,484
-2,303,896
1,732,783
EBITDA
$-4M
$-3M
·
$-3M
$-3M
$-4M
·
$-4M
$-4M
$-3M
·
$-4M
$-4M
$410
·
·
Balance Sheet18
Quarterly Balance Sheet data for APRE
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
$41M
$46M
$15M
$14M
$17M
$19M
$23M
$26M
$29M
$32M
$22M
$25M
$28M
$31M
$29M
$33M
Prepaid Expense
$679.7K
$779.2K
$961.9K
$225.9K
$395.0K
$558.7K
$726.3K
$234.2K
$865.1K
$698.9K
$914.3K
$286.3K
$953.7K
$1M
$1M
$361.2K
Current Assets
$42M
$47M
$16M
$14M
$17M
$20M
$24M
$26M
$30M
$33M
$23M
$26M
$29M
$32M
$30M
$33M
PP&E (Net)
$64.0K
$54.4K
$59.8K
$65.2K
$70.7K
$76.1K
$81.5K
$87.0K
$92.4K
$90.2K
$88.4K
$86.2K
$1.7K
$1.9K
$2.3K
$12.2K
PP&E (Gross)
·
·
$154.0K
·
·
·
$154.0K
·
·
·
$138.5K
·
·
·
$45.4K
·
Accum. Depreciation
·
·
$94.2K
·
·
·
$72.4K
·
·
·
$50.1K
·
·
·
$43.1K
·
Other Non-current Assets
$271.2K
$271.2K
$271.2K
$271.2K
$271.2K
$271.2K
$281.7K
$281.7K
$271.2K
·
·
·
·
·
·
$29.4K
Total Assets
$42M
$48M
$16M
$14M
$17M
$20M
$24M
$27M
$30M
$33M
$23M
$26M
$29M
$32M
$30M
$34M
Accounts Payable
$935.1K
$3M
$713.7K
$641.3K
$1M
$1M
$1M
$1M
$964.3K
$1M
$2M
$862.6K
$1M
$826.0K
$842.8K
$1M
Current Liabilities
$3M
$5M
$3M
$3M
$3M
$3M
$3M
$4M
$3M
$3M
$4M
$4M
$4M
$4M
$3M
$4M
Total Liabilities
·
·
·
·
·
·
·
·
·
·
·
·
$4M
$4M
·
$4M
Common Stock
$12.4K
$12.0K
$8.2K
$6.0K
$5.8K
$5.5K
$5.5K
$5.4K
$5.4K
$5.4K
$3.7K
$3.7K
$3.7K
$3.7K
$2.7K
$52.2K
Paid-in Capital
$390M
$390M
$357M
$353M
$352M
$351M
$351M
$351M
$351M
$350M
$336M
$336M
$335M
$335M
$330M
$328M
Retained Earnings
$-341M
$-337M
$-334M
$-331M
$-328M
$-325M
$-321M
$-318M
$-314M
$-311M
$-308M
$-305M
$-301M
$-298M
$-294M
$-291M
AOCI
$-11M
$-11M
$-11M
$-11M
$-11M
$-11M
$-11M
$-11M
$-11M
$-11M
$-11M
$-11M
$-11M
$-11M
$-11M
$-10M
Stockholders' Equity
$38M
$42M
$12M
$11M
$13M
$16M
$19M
$22M
$26M
$29M
$17M
$20M
$23M
$26M
$26M
$27M
Liabilities + Equity
$42M
$48M
$16M
$14M
$17M
$20M
$24M
$27M
$30M
$33M
$23M
$26M
$29M
$32M
$30M
$34M
Shares Outstanding
12,391,136
11,982,776
8,192,538
5,979,292
5,752,175
5,512,656
5,481,055
5,434,903
5,430,215
5,430,215
3,736,673
3,736,673
3,731,571
3,731,571
2,655,269
52,237,885
Cash Flow9
Quarterly Cash Flow data for APRE
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
$5.7K
$5.4K
$5.4K
$5.4K
$5.4K
$5.4K
$5.4K
$5.4K
$5.3K
$6.2K
$5.0K
$1.4K
$224
$410
$-2.4K
$122
Other Non-cash
·
$525.8K
·
·
·
$296.1K
·
·
·
$-1M
·
·
·
$1M
·
·
Operating Cash Flow
$-3M
$-3M
$-3M
$-3M
$-3M
$-4M
$-4M
$-2M
$-4M
$-4M
$-4M
$-2M
$-3M
$-3M
$-4M
$-7M
CapEx
·
·
·
·
·
·
$0
$0
$7.5K
$8.0K
$7.2K
·
·
·
·
·
Investing Cash Flow
·
·
·
·
·
·
$0
$0
$-7.5K
$-8.0K
$-7.2K
·
·
·
·
·
Stock Issued
$500.1K
$35M
$4M
$375.4K
$399.8K
$59.2K
$140.8K
$0
$0
$16M
$0
$0
$0
$6M
$98.5K
·
Net Stock Activity
·
$35M
·
·
·
$59.2K
·
·
·
$16M
·
·
·
$6M
·
·
Financing Cash Flow
$-2M
$35M
$4M
$357.9K
$384.9K
$55.8K
$134.4K
$-1.2K
$-21.1K
$15M
$0
$0
$0
$5M
$98.5K
·
Free Cash Flow
·
·
·
·
·
·
·
·
·
$-4M
·
·
·
·
·
·
Profitability2
Quarterly Profitability data for APRE
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
-12.0%
-9.7%
·
-14.4%
-13.7%
-14.7%
·
-14.4%
-11.8%
-8.6%
·
-10.8%
-9.4%
-10.6%
·
-8.4%
ROE
-13.8%
-11.5%
·
-18.1%
-16.6%
-17.7%
·
-17.9%
-14.2%
-10.1%
·
-13.7%
52.7%
-12.5%
·
-10.1%
Liquidity & Solvency2
Quarterly Liquidity & Solvency data for APRE
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
13.6
8.9
·
5.2
5.3
5.9
·
7.3
9.6
11.2
·
6.2
7.2
7.6
·
8.4
Quick Ratio
13.3
8.8
·
5.1
5.2
5.7
·
7.2
9.3
10.9
·
6.1
7.0
7.3
·
8.3
Per Share4
Quarterly Per Share data for APRE
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
$3.10
$3.47
·
$1.83
$2.33
$2.82
·
$4.04
$4.71
$5.33
·
$5.43
$6.28
$7.10
·
$0.51
Cash Flow / Share
·
$-0.19
·
·
·
$-0.61
·
·
·
$-0.94
·
·
·
$-0.91
·
·
Cash / Share
$3.33
$3.88
·
$2.29
$2.87
$3.50
·
$4.83
$5.28
$5.96
·
$6.79
$7.42
$8.31
·
$0.63
EPS (TTM)
$-1.29
$-1.88
·
$-2.30
$-2.41
$-2.55
·
$-2.75
$-2.98
$-3.74
·
$-5.39
$-91.25
$-97.63
·
$-96.74
Valuation (TTM)8
Quarterly Valuation (TTM) data for APRE
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
$-13M
$-13M
·
$-14M
$-14M
$-14M
·
$-13M
$-13M
$-14M
·
$-15M
$-110M
$-115M
·
$-120M
Market Cap
$10M
$9M
·
$9M
$10M
$11M
·
$15M
$22M
$36M
·
$16M
$12M
$17M
·
$679M
P/E
-0.6
-0.4
·
-0.6
-0.7
-0.8
·
-1.0
-1.4
-1.8
·
-0.8
-0.0
-0.0
·
-0.1
P/B
0.3
0.2
·
0.8
0.7
0.7
·
0.7
0.9
1.3
·
0.8
0.5
0.6
·
25.5
P / Tangible Book
0.3
0.2
·
0.8
0.7
0.7
·
0.7
0.9
1.3
·
0.8
0.5
0.6
·
25.5
P / Cash Flow
·
-3.3
·
·
·
-3.1
·
·
·
-9.2
·
·
·
-5.6
·
·
P / FCF
·
·
·
·
·
·
·
·
·
-9.2
·
·
·
·
·
·
Earnings Yield
-160.8%
-246.4%
·
-155.9%
-142.6%
-125.0%
·
-100.0%
-73.2%
-55.9%
·
-129.4%
-2896.8%
-2198.9%
·
-744.1%
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
Net Income
$-13M
$-13M
$-14M
$-113M
$-37M
Diluted EPS
$-1.93
$-2.35
$-3.95
$-67.99
$-34.88
Balance Sheet
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
5.6
7.0
5.1
—
—
Quick Ratio
5.3
6.8
4.9
—
—
Cash Flow
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
—
$-14M
$-12M
—
—
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Institutional owners (13F)
29 filers · $1.2M 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
10
(+5 vs prior Q)
2
(-3 vs prior Q)
3
(-1 vs prior Q)
4
(+1 vs prior Q)
+185K
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.
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
HealthCap VII, L.P., HealthCap VII GP S.A.
×4 filings
5AM Ventures IV, L.P., 5AM Co-Investors IV, L.P., 5AM Partners IV, LLC, 5AM Opportunities I, L.P., 5AM Opportunities I (GP), LLC, Dr. John D. Diekman, Andrew J. Schwab, Dr. Scott M. Rocklage
×6 filings
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 1 ETF
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.