AURA Aura Biosciences, Inc. - Common Stock
$7.74
Price · Aug 24, 2026
Fundamentals as of Aug 11, 2026
52W Range
$5–$10
63% of range
Analyst Rating
BUY
12 analysts
Price Target
$17
+114% upside
P/E (TTM)
-4.4
ROE
-68.2%
Net Profit Margin
-1601.4%
AURA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$7.74
Market Cap
$492M
P/E (TTM)
-4.4
EPS (TTM)
$-1.76
Revenue (TTM)
—
Div Yield
—
ROE
-68.2%
Debt/Equity
—
52W Range
$5 – $10
AURA 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
—
EPS
$-1.76
2021-12-31
→
2025-12-31
Free Cash Flow
$-85M
2021-12-31
→
2025-12-31
Margins
-1601.4%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
AURA
Peer Median
P/E (TTM)
-4.4
68.0
P/S (TTM)
74.2
20.6
P/B
3.6
3.2
Price / FCF
-5.8
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
AURA
Peer Median
Operating Margin
-1701.0%
—
Net Profit Margin
-1601.4%
-94.7%
ROA
-60.4%
-25.6%
ROE
-68.2%
-30.9%
ROIC
-82.5%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
AURA
Peer Median
Current Ratio
8.1
9.3
Quick Ratio
3.2
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
AURA
Peer Median
Revenue YoY
-29.7%
—
Revenue CAGR 3Y
52.7%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
AURA
Peer Median
AURA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
12 analysts
- Strong Buy 3 25.0%
- Buy 8 66.7%
- Hold 1 8.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
5 analysts · 2026-08-24
Median
$15.00
Mean
$16.60
← Below all targets
$7.74
Low
$12.00
High
$23.00
Median target
$15.00
+93.8%
Mean target
$16.60
+114.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-0.50 | $-0.41 | -0.09% |
| Dec. 31, 2025 | $-0.37 | $-0.44 | 0.07% |
| Sept. 30, 2025 | $-0.40 | $-0.48 | 0.08% |
| June 30, 2025 | $-0.47 | $-0.47 | -0.00% |
| March 31, 2025 | $-0.55 | $-0.50 | -0.05% |
| Dec. 31, 2024 | $-0.52 | $-0.45 | -0.07% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| AURA | $347M | -3.1 | -29.7% | -1601.4% | -68.2% | — |
| OLMA | $2.03B | -13.4 | — | — | -39.4% | — |
| FDMT | $432M | -3.1 | 230194.6% | -164.4% | -30.2% | — |
| RIGL | $784M | 2.2 | 64.1% | 124.7% | 155.1% | — |
| ACHV | — | -4.0 | — | — | — | — |
| FTH | — | — | — | — | — | — |
| NGNE | $319M | -4.9 | — | — | -33.6% | — |
| NVCT | $194M | -5.7 | — | — | -149.9% | — |
| TECX | $391M | -5.2 | — | — | -27.7% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| R&D Expense | $90M | $73M | $65M | $42M | $25M | $18M | |
| SG&A Expense | $22M | $23M | $20M | $18M | $10M | $4M | |
| Operating Income | $-113M | $-96M | $-85M | $-60M | $-35M | $-22M | |
| Other Non-op | $77.0K | $-120.0K | $-76.0K | $-14.0K | $-1.0K | · | |
| Pretax Income | $-106M | $-87M | $-76M | $-59M | · | · | |
| Income Tax | $108.0K | $112.0K | $137.0K | $0 | $0 | $0 | |
| Net Income | $-106M | $-87M | $-76M | $-59M | $-35M | $-22M | |
| EPS (Basic) | $-1.76 | $-1.75 | $-1.93 | $-1.96 | $-8.95 | · | |
| EPS (Diluted) | $-1.76 | $-1.75 | $-1.93 | $-1.96 | $-8.95 | · | |
| Shares (Basic) | 60,337,608 | 49,650,480 | 39,620,036 | 29,937,228 | 5,159,973 | · | |
| Shares (Diluted) | 60,337,608 | 49,650,480 | 39,620,036 | 29,937,228 | 5,159,973 | · | |
| EBITDA | $-113M | $-96M | · | $-60M | $-35M | · |
Balance Sheet 20
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $60M | $32M | $41M | $122M | $149M | $17M | |
| Prepaid Expense | $5M | $10M | $6M | $8M | $5M | $1M | |
| Other Current Assets | $660.0K | $2M | $2M | $715.0K | $66.0K | $16.0K | |
| Current Assets | $150M | $161M | $232M | $197M | $154M | $18M | |
| PP&E (Net) | $3M | $3M | $3M | $5M | $5M | $4M | |
| PP&E (Gross) | $10M | $9M | $8M | $9M | $8M | $6M | |
| Accum. Depreciation | $7M | $6M | $5M | $4M | $3M | $2M | |
| Other Non-current Assets | $471.0K | $518.0K | $509.0K | $423.0K | · | · | |
| Total Assets | $169M | $183M | $255M | $224M | $160M | $22M | |
| Accounts Payable | $2M | $2M | $2M | $3M | $2M | $611.0K | |
| Current Liabilities | $18M | $15M | $12M | $10M | $7M | $3M | |
| Capital Leases | $14M | $16M | $17M | $18M | $360.0K | · | |
| Total Liabilities | $33M | $31M | $29M | $28M | $8M | $3M | |
| Paid-in Capital | $617M | $526M | $513M | $407M | $304M | $8M | |
| Retained Earnings | $-480M | $-374M | $-287M | $-211M | $-152M | $-117M | |
| Treasury Stock | $0 | · | · | · | · | · | |
| AOCI | $-102.0K | $263.0K | $539.0K | $-72.0K | · | · | |
| Stockholders' Equity | $137M | $152M | $226M | $196M | $152M | $-109M | |
| Liabilities + Equity | $169M | $183M | $255M | $224M | $160M | $22M | |
| Shares Outstanding | 63,587,777 | 49,998,279 | 49,350,788 | 37,771,918 | 29,211,643 | 381,123 |
Cash Flow 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Stock-based Comp | $14M | $12M | $9M | $6M | $2M | $736.0K | |
| Operating Cash Flow | $-85M | $-80M | $-64M | $-55M | $-32M | $-24M | |
| CapEx | $447.0K | $1M | $709.0K | $1M | $2M | $771.0K | |
| Investing Cash Flow | $36M | $69M | $-114M | $-68M | $-2M | $-771.0K | |
| Stock Issued | $47M | $0 | · | $87M | $79M | · | |
| Net Stock Activity | $47M | · | · | $87M | $79M | · | |
| Financing Cash Flow | $77M | $2M | $97M | $96M | $166M | $10M | |
| Net Change in Cash | · | $-9M | $-81M | $-27M | $132M | $-15M | |
| Taxes Paid | $100.0K | $100.0K | · | · | · | · | |
| Free Cash Flow | $-85M | $-81M | · | $-56M | $-35M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Operating Margin | -1701.0% | -1019.4% | · | -3234.7% | -271153.9% | · | |
| Net Margin | -1601.4% | -921.8% | · | -3152.5% | -271161.5% | · | |
| Pretax Margin | -1599.8% | -920.6% | · | · | · | · | |
| EBITDA Margin | -1701.0% | -1019.4% | · | -3234.7% | -271153.9% | · | |
| ROA | -60.4% | -39.7% | · | -30.6% | -38.7% | · | |
| ROE | -68.2% | -53.2% | · | -37.8% | -331.0% | · | |
| ROIC | -82.5% | -63.3% | · | · | · | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 8.1 | 10.8 | · | 18.8 | 21.1 | · | |
| Quick Ratio | 3.2 | 2.1 | · | 11.6 | 20.5 | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | · |
Growth Rates 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | -29.7% | 9.8% | 360.7% | 14238.5% | · | · | |
| Revenue CAGR 3Y | 52.7% | 798.5% | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $7M | $9M | $9M | $2M | $13.0K | · | |
| Net Income TTM | $-106M | $-87M | $-76M | $-59M | $-35M | · | |
| Market Cap | $347M | $411M | · | $397M | $496M | · | |
| P/E | -3.1 | -4.7 | -4.6 | -5.4 | -1.9 | · | |
| P/S | 52.3 | 43.6 | · | 212.8 | 38154.9 | · | |
| P/B | 2.5 | 2.7 | · | 2.0 | 3.3 | · | |
| P / Tangible Book | 2.5 | 2.7 | 1.9 | 2.0 | 3.3 | · | |
| P / Cash Flow | -4.1 | -5.1 | · | -7.3 | -15.3 | · | |
| P / FCF | -4.1 | -5.1 | · | -7.1 | -14.4 | · | |
| Earnings Yield | -32.3% | -21.3% | -21.8% | -18.7% | -52.7% | · |
Income Statement 12
| 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 | $31M | $28M | $22M | $22M | $23M | $23M | $22M | $17M | $17M | $17M | $20M | $15M | $15M | $14M | $13M | $11M | |
| SG&A Expense | $17M | $7M | $5M | $6M | $6M | $6M | $5M | $6M | $6M | $5M | $5M | $5M | $5M | $5M | $4M | $5M | |
| Operating Income | $-48M | $-35M | $-27M | $-28M | $-29M | $-29M | $-28M | $-23M | $-23M | $-22M | $-25M | $-20M | $-20M | $-19M | $-18M | $-16M | |
| Other Non-op | $154.0K | $2.0K | $150.0K | $-13.0K | $-36.0K | $-24.0K | $-37.0K | $-25.0K | $-26.0K | $-32.0K | $-26.0K | $-5.0K | $-32.0K | $-13.0K | $303.0K | $-329.0K | |
| Pretax Income | $-46M | $-34M | $-26M | $-26M | $-27M | $-27M | $-26M | $-21M | $-20M | $-20M | $-22M | $-19M | $-18M | $-17M | · | · | |
| Income Tax | $29.0K | $11.0K | $16.0K | $26.0K | $48.0K | $18.0K | $24.0K | $43.0K | $0 | $46.0K | $137.0K | $0 | $0 | $0 | · | · | |
| Net Income | $-46M | $-34M | $-26M | $-26M | $-27M | $-27M | $-26M | $-21M | $-20M | $-20M | $-22M | $-19M | $-18M | $-17M | $-17M | $-16M | |
| EPS (Basic) | $-0.48 | $-0.50 | $-0.34 | $-0.40 | $-0.47 | $-0.55 | $-0.52 | $-0.42 | $-0.41 | $-0.40 | $-0.51 | $-0.48 | $-0.48 | $-0.46 | $-0.52 | $-0.54 | |
| EPS (Diluted) | $-0.48 | $-0.50 | $-0.34 | $-0.40 | $-0.47 | $-0.55 | $-0.52 | $-0.42 | $-0.41 | $-0.40 | $-0.51 | $-0.48 | $-0.48 | $-0.46 | $-0.52 | $-0.54 | |
| Shares (Basic) | 94,863,400 | 67,447,576 | -113,740,930 | 65,936,672 | 58,015,718 | 50,126,148 | -99,013,115 | 49,663,532 | 49,548,120 | 49,451,943 | -74,204,976 | 38,185,197 | 37,855,533 | 37,784,282 | -57,801,461 | 29,273,577 | |
| Shares (Diluted) | 94,863,400 | 67,447,576 | -113,740,930 | 65,936,672 | 58,015,718 | 50,126,148 | -99,013,115 | 49,663,532 | 49,548,120 | 49,451,943 | -74,204,976 | 38,185,197 | 37,855,533 | 37,784,282 | -57,801,461 | 29,273,577 | |
| EBITDA | $-48M | $-35M | · | $-28M | $-29M | $-29M | · | $-23M | $-23M | $-22M | · | $-20M | $-20M | $-19M | · | $-16M |
Balance Sheet 21
| 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 | $68M | $85M | $60M | $48M | $107M | $38M | $32M | $25M | $30M | $26M | $41M | $56M | $48M | $38M | $122M | $61M | |
| Prepaid Expense | $5M | $4M | $5M | $8M | $7M | $7M | $10M | $9M | $8M | $9M | $6M | $5M | $4M | $6M | $8M | $4M | |
| Other Current Assets | $819.0K | $1M | $1M | $3M | $3M | $2M | $2M | $3M | $2M | $2M | $2M | $566.0K | $988.0K | $771.0K | $715.0K | $306.0K | |
| Current Assets | $329M | $119M | $150M | $170M | $184M | $135M | $161M | $183M | $196M | $212M | $232M | $154M | $166M | $179M | $197M | $116M | |
| PP&E (Net) | $2M | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $5M | $5M | $5M | $5M | $5M | |
| PP&E (Gross) | $10M | $10M | $10M | $9M | $9M | $9M | $9M | $9M | $9M | $8M | $8M | $10M | $10M | $9M | $9M | $9M | |
| Accum. Depreciation | $8M | $7M | $7M | $7M | $7M | $6M | $6M | $6M | $6M | $5M | $5M | $5M | $4M | $4M | $4M | $4M | |
| Other Non-current Assets | $1M | $517.0K | $471.0K | $277.0K | $185.0K | $0 | $518.0K | $22.0K | $443.0K | $453.0K | $509.0K | $685.0K | $700.0K | $623.0K | $423.0K | · | |
| Total Assets | $348M | $138M | $169M | $190M | $204M | $155M | $183M | $205M | $218M | $235M | $255M | $180M | $193M | $206M | $224M | $143M | |
| Accounts Payable | $2M | $3M | $2M | $2M | $1M | $2M | $2M | $2M | $1M | $2M | $2M | $1M | $553.0K | $1M | $3M | $2M | |
| Current Liabilities | $20M | $17M | $18M | $19M | $15M | $12M | $15M | $15M | $11M | $10M | $12M | $11M | $9M | $8M | $10M | $10M | |
| Capital Leases | $13M | $14M | $14M | $15M | $15M | $15M | $16M | $16M | $16M | $17M | $17M | $17M | $17M | $18M | $18M | $18M | |
| Total Liabilities | $33M | $30M | $33M | $33M | $30M | $27M | $31M | $31M | $27M | $26M | $29M | $28M | $26M | $26M | $28M | $28M | |
| Common Stock | $1.0K | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Paid-in Capital | $915M | $622M | $617M | $611M | $603M | $530M | $526M | $522M | $519M | $516M | $513M | $417M | $413M | $409M | $407M | $310M | |
| Retained Earnings | $-560M | $-514M | $-480M | $-455M | $-429M | $-402M | $-374M | $-348M | $-327M | $-307M | $-287M | $-265M | $-247M | $-228M | $-211M | $-194M | |
| Treasury Stock | $39M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| AOCI | $-670.0K | $-207.0K | $-102.0K | $69.0K | $25.0K | $105.0K | $263.0K | $607.0K | $-183.0K | $18.0K | $539.0K | $-134.0K | $-223.0K | $-45.0K | $-72.0K | $-147.0K | |
| Stockholders' Equity | $315M | $107M | $137M | $157M | $175M | $128M | $152M | $175M | $191M | $209M | $226M | $152M | $166M | $180M | $196M | $115M | |
| Liabilities + Equity | $348M | $138M | $169M | $190M | $204M | $155M | $183M | $205M | $218M | $235M | $255M | $180M | $193M | $206M | $224M | $143M | |
| Shares Outstanding | 103,480,053 | 64,150,468 | 63,587,777 | 62,985,569 | 62,071,050 | 50,225,312 | 49,998,279 | 49,778,861 | 49,583,358 | 49,504,405 | 49,350,788 | 38,216,717 | 38,086,606 | 37,800,102 | 37,771,918 | 29,283,285 |
Cash Flow 8
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $12M | $4M | $3M | $4M | $4M | $4M | $3M | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | |
| Operating Cash Flow | $-33M | $-30M | $-20M | $-20M | $-21M | $-23M | $-24M | $-15M | $-16M | $-24M | $-17M | $-15M | $-15M | $-16M | $-18M | $-11M | |
| CapEx | $21.0K | $102.0K | $176.0K | $45.0K | $39.0K | $187.0K | $299.0K | $341.0K | $525.0K | $88.0K | $317.0K | $90.0K | $193.0K | $109.0K | $358.0K | $63.0K | |
| Investing Cash Flow | $-226M | $55M | $30M | $-44M | $20M | $30M | $30M | $10M | $20M | $9M | $-90M | $22M | $21M | $-67M | $-17M | $18M | |
| Stock Issued | · | · | $0 | $0 | · | · | $0 | $0 | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $242M | $300.0K | $3M | $4M | $70M | $96.0K | $543.0K | $716.0K | $83.0K | $253.0K | $93M | $2M | $2M | $201.0K | $95M | $104.0K | |
| Net Change in Cash | · | · | · | · | · | · | · | $-5M | $4M | $-15M | $-15M | $8M | $9M | $-83M | $60M | $7M | |
| Free Cash Flow | · | $-30M | · | · | · | $-24M | · | · | · | $-25M | · | · | · | $-17M | · | · |
Profitability 7
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -2083.6% | -2929.9% | · | -1537.5% | -1705.2% | -1821.5% | · | -1028.9% | -928.7% | -831.0% | · | -1034.2% | -1009.3% | -976.6% | · | -3324.0% | |
| Net Margin | -1978.2% | -2830.7% | · | -1439.7% | -1610.2% | -1724.1% | · | -931.9% | -829.7% | -733.9% | · | -934.5% | -910.8% | -877.3% | · | -3292.1% | |
| Pretax Margin | -1976.9% | -2829.8% | · | -1438.2% | -1607.3% | -1723.0% | · | -930.0% | -829.7% | -732.2% | · | · | · | · | · | · | |
| EBITDA Margin | -2083.6% | -2929.9% | · | -1537.5% | -1705.2% | -1821.5% | · | -1028.9% | -928.7% | -831.0% | · | -1034.2% | -1009.3% | -976.6% | · | -3324.0% | |
| ROA | -16.5% | -23.0% | · | -13.2% | -12.8% | -14.1% | · | -10.9% | -9.9% | -8.9% | · | -11.5% | -11.2% | -9.9% | · | -13.6% | |
| ROE | -18.6% | -28.6% | · | -15.8% | -14.8% | -16.3% | · | -12.9% | -11.4% | -10.1% | · | -13.9% | -12.4% | -10.9% | · | 199.2% | |
| ROIC | -15.3% | -32.5% | · | -17.8% | -16.4% | -22.7% | · | -13.3% | · | -10.7% | · | · | · | · | · | · |
Liquidity & Solvency 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 16.8 | 7.1 | · | 9.0 | 12.4 | 11.1 | · | 12.5 | 18.5 | 22.0 | · | 14.1 | 18.7 | 22.1 | · | 11.6 | |
| Quick Ratio | 3.5 | 5.1 | · | 2.5 | 7.2 | 3.1 | · | 1.7 | 2.9 | 2.7 | · | 5.1 | 5.4 | 4.7 | · | 6.1 |
Efficiency 1
| 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 |
Valuation (TTM) 10
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $7M | $6M | · | $7M | $8M | $9M | · | $9M | $9M | $9M | · | $6M | $5M | $3M | · | $805.0K | |
| Net Income TTM | $-132M | $-114M | · | $-102M | $-96M | $-89M | · | $-80M | $-77M | $-74M | · | $-70M | $-65M | $-60M | · | $-51M | |
| Market Cap | $735M | $429M | · | $389M | $389M | $294M | · | $444M | $375M | $389M | · | $343M | $470M | $351M | · | $531M | |
| P/E | -3.8 | -3.5 | · | -3.4 | -3.4 | -3.3 | · | -5.2 | -4.3 | -4.3 | · | -4.6 | -6.4 | -4.9 | · | -0.6 | |
| P/S | 105.1 | 68.4 | · | 53.0 | 48.7 | 32.7 | · | 47.3 | 41.1 | 44.8 | · | 53.0 | 98.5 | 125.7 | · | 659.1 | |
| P/B | 2.3 | 4.0 | · | 2.5 | 2.2 | 2.3 | · | 2.5 | 2.0 | 1.9 | · | 2.3 | 2.8 | 1.9 | · | 4.6 | |
| P / Tangible Book | 2.3 | 4.0 | · | 2.5 | 2.2 | 2.3 | · | 2.5 | 2.0 | 1.9 | · | 2.3 | 2.8 | 1.9 | · | 4.6 | |
| P / Cash Flow | · | -14.4 | · | · | · | -12.6 | · | · | · | -15.9 | · | · | · | -21.4 | · | · | |
| P / FCF | · | -14.3 | · | · | · | -12.5 | · | · | · | -15.8 | · | · | · | -21.2 | · | · | |
| Earnings Yield | -26.1% | -28.7% | · | -29.8% | -29.5% | -30.4% | · | -19.2% | -23.4% | -23.2% | · | -21.9% | -15.7% | -20.5% | · | -164.3% |
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 | |
|---|---|---|---|---|---|
| Operating Margin % | -1701.0% | -1019.4% | — | -3234.7% | -271153.9% |
| Net Income | $-106M | $-87M | $-76M | $-59M | $-35M |
| Diluted EPS | $-1.76 | $-1.75 | $-1.93 | $-1.96 | $-8.95 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 8.1 | 10.8 | — | 18.8 | 21.1 |
| Quick Ratio | 3.2 | 2.1 | — | 11.6 | 20.5 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-85M | $-81M | — | $-56M | $-35M |
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Institutional owners (13F) 155 filers · $646.9M 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 |
|---|---|---|---|---|
| 39 (+12 vs prior Q) | 13 (+1 vs prior Q) | 52 (+19 vs prior Q) | 29 (-9 vs prior Q) | +40.6M |
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 |
|---|---|---|---|---|
| TCG Crossover Management, LLC | $67,686,664 | 9,533,333 | 10.46% | Shares |
| MONTANOVA CAPITAL, LLC | $51,164,141 | 7,206,217 | 7.91% | Shares |
| Frazier Life Sciences Management, L.P. | $50,410,000 | 7,100,000 | 7.79% | Shares |
| Matrix Capital Management Company, LP | $46,314,000 | 6,922,870 | 7.16% | Shares |
| Long Focus Capital Management, LLC | $36,349,032 | 5,119,582 | 5.62% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $32,944,000 | 4,640,000 | 5.09% | Shares |
| Caligan Partners LP | $30,517,561 | 4,298,248 | 4.72% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $29,112,428 | 4,100,342 | 4.50% | Shares |
| FCPM III SERVICES B.V. | $28,781,803 | 4,053,775 | 4.45% | Shares |
| ORBIMED ADVISORS LLC | $23,666,664 | 3,333,333 | 3.66% | Shares |
| Medicxi Ventures Management (Jersey) Ltd | $21,583,233 | 3,039,892 | 3.34% | Shares |
| Nantahala Capital Management, LLC | $20,952,313 | 2,951,030 | 3.24% | Shares |
| RA CAPITAL MANAGEMENT, L.P. | $17,750,000 | 2,500,000 | 2.74% | Shares |
| Balyasny Asset Management L.P. | $16,717,795 | 2,354,619 | 2.58% | Shares |
| Redmile Group, LLC | $11,833,336 | 1,666,667 | 1.83% | Shares |
| EcoR1 Capital, LLC | $11,833,336 | 1,666,667 | 1.83% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $10,444,737 | 1,470,470 | 1.61% | Shares |
| Trails Edge Capital Partners, LP | $10,247,665 | 1,443,333 | 1.58% | Shares |
| Foresite Capital Management VI LLC | $9,466,671 | 1,333,334 | 1.46% | Shares |
| STATE STREET CORP | $8,683,186 | 1,222,984 | 1.34% | Shares |
| Woodline Partners LP | $8,592,299 | 1,210,183 | 1.33% | Shares |
| Bellevue Group AG | $8,283,336 | 1,166,667 | 1.28% | Shares |
| Vivo Capital, LLC | $8,283,336 | 1,166,667 | 1.28% | Shares |
| ACORN CAPITAL ADVISORS, LLC | $6,596,447 | 929,077 | 1.02% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $6,435,128 | 906,356 | 0.99% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $6,186,528 | 871,342 | 0.96% | Shares |
| LEVIN CAPITAL STRATEGIES, L.P. | $5,950,276 | 838,067 | 0.92% | Shares |
| B Group, Inc. | $5,426,125 | 764,243 | 0.84% | Shares |
| STEMPOINT CAPITAL LP | $5,071,388 | 714,280 | 0.78% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $4,524,148 | 637,204 | 0.70% | Shares |
| MILLENNIUM MANAGEMENT LLC | $4,384,016 | 617,467 | 0.68% | Shares |
| AWM Investment Company, Inc. | $4,198,123 | 591,285 | 0.65% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $3,943,752 | 555,458 | 0.61% | Shares |
| Regency Capital Management Inc.\DE | $3,836,804 | 540,395 | 0.59% | Shares |
| GOLDMAN SACHS GROUP INC | $2,927,550 | 412,331 | 0.45% | Shares |
| VANGUARD GROUP INC | $1,958,997 | 359,449 | 0.30% | Shares |
| FMR LLC | $1,812,587 | 255,294 | 0.28% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $1,236,820 | 174,200 | 0.19% | Shares |
| Integral Health Asset Management, LLC | $1,207,000 | 170,000 | 0.19% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,158,408 | 163,156 | 0.18% | Shares |
| XTX Topco Ltd | $1,064,510 | 149,931 | 0.16% | Shares |
| Quantinno Capital Management LP | $927,658 | 130,656 | 0.14% | Shares |
| ADAR1 Capital Management, LLC | $924,079 | 130,152 | 0.14% | Shares |
| PLATINUM INVESTMENT MANAGEMENT LTD | $794,242 | 111,865 | 0.12% | Shares |
| Qube Research & Technologies Ltd | $777,904 | 109,564 | 0.12% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $755,092 | 106,351 | 0.12% | Shares |
| JANE STREET GROUP, LLC | $742,660 | 104,600 | 0.11% | Put option |
| Fisher Asset Management, LLC | $592,906 | 83,508 | 0.09% | Shares |
| Jump Financial, LLC | $518,300 | 73,000 | 0.08% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $505,932 | 71,258 | 0.08% | Shares |
| BANK OF AMERICA CORP /DE/ | $482,828 | 68,004 | 0.07% | Shares |
| D. E. Shaw & Co., Inc. | $478,576 | 67,405 | 0.07% | Shares |
| BlackRock, Inc. | $464,915 | 65,481 | 0.07% | Shares |
| RHUMBLINE ADVISERS | $451,956 | 63,657 | 0.07% | Shares |
| Permanent Capital Management, LP | $442,820 | 62,369 | 0.07% | Shares |
| TBH Global Asset Management, LLC | $428,289 | 60,322 | 0.07% | Shares |
| WATER ISLAND CAPITAL LLC | $426,000 | 60,000 | 0.07% | Shares |
| Virtus Investment Advisers, LLC | $362,420 | 51,045 | 0.06% | Shares |
| ALLIANCEBERNSTEIN L.P. | $352,964 | 52,760 | 0.05% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $315,950 | 44,500 | 0.05% | Put option |
| WELLINGTON MANAGEMENT GROUP LLP | $313,777 | 44,194 | 0.05% | Shares |
| BANK OF NOVA SCOTIA | $289,453 | 40,768 | 0.04% | Shares |
| WELLS FARGO & COMPANY/MN | $289,098 | 40,718 | 0.04% | Shares |
| AMERIPRISE FINANCIAL INC | $288,842 | 40,682 | 0.04% | Shares |
| Vanguard Global Advisers, LLC | $267,542 | 37,682 | 0.04% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $255,870 | 36,038 | 0.04% | Shares |
| PRUDENTIAL FINANCIAL INC | $223,295 | 31,450 | 0.03% | Shares |
| Jain Global LLC | $217,260 | 30,600 | 0.03% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $215,240 | 30,316 | 0.03% | Shares |
| Quadrature Capital Ltd | $212,091 | 29,872 | 0.03% | Shares |
| LETKO, BROSSEAU & ASSOCIATES INC | $200,930 | 28,300 | 0.03% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $191,700 | 27,000 | 0.03% | Shares |
| Bank of New York Mellon Corp | $182,129 | 25,652 | 0.03% | Shares |
| MetLife Investment Management, LLC | $179,062 | 25,220 | 0.03% | Shares |
| China Universal Asset Management Co., Ltd. | $174,333 | 24,554 | 0.03% | Shares |
| Engineers Gate Manager LP | $157,854 | 22,233 | 0.02% | Shares |
| CITIGROUP INC | $147,985 | 20,843 | 0.02% | Shares |
| nVerses Capital, LLC | $147,665 | 20,798 | 0.02% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $146,707 | 20,663 | 0.02% | Shares |
| TD Asset Management Inc | $141,972 | 19,996 | 0.02% | Shares |
| Russell Investments Group, Ltd. | $127,729 | 17,990 | 0.02% | Shares |
| Point72 Asset Management, L.P. | $126,834 | 17,864 | 0.02% | Shares |
| Inscription Capital, LLC | $126,423 | 17,806 | 0.02% | Shares |
| Invesco Ltd. | $123,760 | 17,431 | 0.02% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $122,710 | 17,940 | 0.02% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $104,370 | 14,700 | 0.02% | Call option |
| BROWN ADVISORY INC | $95,140 | 13,400 | 0.01% | Shares |
| ExodusPoint Capital Management, LP | $94,274 | 13,278 | 0.01% | Shares |
| BARCLAYS PLC | $93,089 | 13,111 | 0.01% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $93,038 | 13,104 | 0.01% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $92,300 | 13,000 | 0.01% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $81,799 | 11,521 | 0.01% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $81,224 | 11,440 | 0.01% | Shares |
| Police & Firemen's Retirement System of New Jersey | $80,919 | 11,397 | 0.01% | Shares |
| Vontobel Holding Ltd. | $78,100 | 11,000 | 0.01% | Shares |
| Polymer Capital Management (US) LLC | $73,016 | 10,284 | 0.01% | Shares |
| Focus Partners Wealth | $71,348 | 10,049 | 0.01% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $71,043 | 10,006 | 0.01% | Shares |
| JPMORGAN CHASE & CO | $60,400 | 8,779 | 0.01% | Shares |
| Integrated Wealth Concepts LLC | $54,336 | 7,653 | 0.01% | Shares |
Company insiders 16 insiders · 10 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Pinos Elisabet De Los | President and Chief Executive Officer | March 2, 2026 A | 575,815 | 0 | 3 | $-380,830 |
| Julie B Feder | Chief Financial Officer | Oct. 18, 2024 M | 134,276 | 0 | 0 | $0 |
| Mark De Rosch | Chief Operating Officer | Jan. 19, 2023 A | 58,635 | 0 | 0 | $0 |
| Conor Kilroy | Chief Legal Officer and Secretary | July 1, 2026 A | 232,693 | 0 | 2 | $-143,400 |
| Anthony S Gibney | Chief Financial and Business Officer. | June 16, 2026 S | 265,354 | 0 | 1 | $-82,330 |
| Amy Elazzouzi | Senior Vice President, Finance | March 2, 2026 A | 120,060 | 0 | 3 | $-56,632 |
| Janet Jill Hopkins | Chief Medical Officer | March 2, 2026 A | 321,340 | 0 | 2 | $-195,960 |
| Mark Plavsic | Chief Technology Officer | March 2, 2026 A | 243,736 | 0 | 2 | $-157,517 |
| Cadmus Rich | Chief Medical Officer, Head of R&D | Jan. 19, 2023 A | 58,703 | 0 | 0 | $0 |
| Christopher Brett Primiano | Chief Business Officer | Oct. 28, 2021 A | 8,750 | 0 | 0 | $0 |
| Jeremy Bender | Director | July 7, 2026 A | 30,000 | 0 | 0 | $0 |
| Teresa Marie Bitetti | Director | June 11, 2026 A | 36,000 | 0 | 0 | $0 |
| David Michael Johnson | Director | June 11, 2026 A | 194,167 | 0 | 0 | $0 |
| Antony C. Mattessich | Director | June 11, 2026 A | 38,500 | 0 | 0 | $0 |
| Sapna Srivastava | Director | June 11, 2026 A | 38,500 | 0 | 0 | $0 |
| Rajesh R Parekh | Director | June 7, 2023 A | — | 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 |
|---|---|---|---|---|---|
| Matrix Capital Management Company LP, David E. Goel ×5 filings | May 11, 2026 | 0.00% | Amendment | — | SEC |
| Medicxi Growth I LP, Medicxi Growth Co-Invest I LP, Medicxi Growth I GP Limited, Medicxi Ventures Management (Jersey) Limited | Nov. 10, 2021 | — | 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.
ETF ownership Held by 41 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 |
|---|---|---|---|---|
| EVNT · AltShares Trust | 0.64% | 10,500 NS | May 31, 2026 | N-PORT |
| EIS · iShares, Inc. | 0.19% | 340,652 SH | Aug. 21, 2026 | Daily |
| VNQI · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.09% | 544,349 SH | Aug. 19, 2026 | Daily |
| IWC · iShares Trust | 0.08% | 154,873 SH | Aug. 21, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.05% | 6,084 SH | Aug. 21, 2026 | Daily |
| IBB · iShares Trust | 0.04% | 479,822 SH | Aug. 21, 2026 | Daily |
| BIB · ProShares Trust | 0.02% | 2,349 NS | May 31, 2026 | N-PORT |
| SCZ · iShares Trust | 0.02% | 566,855 SH | Aug. 21, 2026 | Daily |
| IWO · iShares Trust | 0.02% | 394,396 SH | Aug. 21, 2026 | Daily |
| VSS · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.02% | 568,052 SH | Aug. 19, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.02% | 44,692 SH | Aug. 19, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 1,153,171 SH | Aug. 21, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 1,107,800 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 257,523 SH | Aug. 19, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.01% | 37,282 NS | May 31, 2026 | N-PORT |
| VHT · VANGUARD WORLD FUND | 0.01% | 280,365 SH | Aug. 19, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 19,249 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.01% | 183,984 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 2,119 NS | May 31, 2026 | N-PORT |
| RB · ProShares Trust | 0.01% | 13 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 10,573 SH | Aug. 21, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.01% | 3,128 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 1,657 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.00% | 15,661 SH | Aug. 21, 2026 | Daily |
| URTY · ProShares Trust | 0.00% | 1,676 NS | May 31, 2026 | N-PORT |
| IWN · iShares Trust | 0.00% | 39,462 SH | Aug. 20, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 1,795 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 183,247 SH | Aug. 21, 2026 | Daily |
| HDG · ProShares Trust | 0.00% | 42 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 3,190 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 8,911 NS | April 30, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 8,870 SH | Aug. 21, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 4,253 NS | April 30, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 2,902,292 SH | Aug. 19, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | 0.00% | 2,197,085 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 117,433 SH | Aug. 19, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | 0.00% | 1,463,808 SH | Aug. 19, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.00% | 2,555 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 3,743 SH | Aug. 19, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 2,107 NS | April 30, 2026 | N-PORT |
| VSGX · VANGUARD WORLD FUND | 0.00% | 33,754 SH | Aug. 19, 2026 | Daily |