AVXL Anavex Life Sciences Corp. - Common Stock
$3.31
Price · Aug 19, 2026
Fundamentals as of Feb 9, 2026
52W Range
$2–$10
13% of range
Analyst Rating
BUY
7 analysts
Price Target
$20
+504% upside
P/E (TTM)
-6.1
ROE
-47.7%
Net Profit Margin
-991.4%
AVXL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$3.31
Market Cap
$287M
P/E (TTM)
-6.1
EPS (TTM)
$-0.54
Revenue (TTM)
—
Div Yield
—
ROE
-47.7%
Debt/Equity
—
52W Range
$2 – $10
AVXL 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
$-0.54
2016-09-30
→
2025-09-30
Free Cash Flow
—
Margins
-991.4%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
AVXL
Peer Median
P/E (TTM)
-6.1
—
P/S (TTM)
61.3
50.2
P/B
3.0
1.0
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
AVXL
Peer Median
Operating Margin
-1098.9%
—
Net Profit Margin
-991.4%
-800.4%
ROA
-38.8%
-40.4%
ROE
-47.7%
-43.7%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
AVXL
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
AVXL
Peer Median
Revenue YoY
-36.1%
—
Revenue CAGR 3Y
70.3%
—
Revenue CAGR 5Y
91.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
AVXL
Peer Median
AVXL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
7 analysts
- Strong Buy 2 28.6%
- Buy 4 57.1%
- Hold 1 14.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
1 analysts · 2026-08-17
Low
$20.00
High
$20.00
Median target
$20.00
+504.2%
Mean target
$20.00
+504.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-0.06 | $-0.07 | 0.01% |
| Dec. 31, 2025 | $-0.06 | $-0.11 | 0.05% |
| Sept. 30, 2025 | $-0.11 | $-0.15 | 0.04% |
| June 30, 2025 | $-0.16 | $-0.15 | -0.01% |
| March 31, 2025 | $-0.13 | $-0.15 | 0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| AVXL | $771M | -16.5 | -36.1% | -991.4% | -47.7% | — |
| FATE | $113M | -0.9 | -51.2% | -2051.1% | -58.2% | — |
| VNDA | $521M | -2.4 | 8.7% | -102.0% | -54.2% | — |
| CAMP | $318M | -2.3 | 436.5% | -2298.5% | -183.4% | — |
| IRD | $140M | -2.5 | 29.1% | -349.3% | -302.2% | — |
| ELDN | $114M | -2.9 | — | — | -69.4% | — |
| MYGN | $575M | -1.6 | -1.6% | -44.4% | -96.8% | 69.9% |
| ANIK | $133M | -12.6 | -5.9% | -9.6% | -7.5% | 56.6% |
| TRDA | $394M | -3.0 | -87.9% | -565.5% | -41.9% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D Expense | $38M | $42M | $44M | $38M | $33M | $25M | $22M | $13M | $11M | $7M | $2M | $732.4K | |
| SG&A Expense | $14M | $11M | $12M | $13M | $9M | $6M | $7M | $6M | $5M | $8M | $5M | $2M | |
| Operating Expenses | $51M | $53M | $56M | $51M | $42M | $-31M | $29M | $19M | $16M | $16M | $7M | $3M | |
| Operating Income | $-51M | $-53M | $-56M | $-51M | $-42M | $-31M | · | · | · | · | · | $-3M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | $71.8K | $7.1K | |
| Other Non-op | $5M | $10M | $8M | $3M | $4M | $5M | $3M | $2M | $2M | $882.0K | $-5M | $-8M | |
| Pretax Income | $-46M | $-43M | $-47M | $-48M | $-38M | $-26M | $-26M | $-17M | $-13M | $-15M | $-12M | $-11M | |
| Income Tax | · | · | · | · | · | · | · | · | · | · | · | $-1M | |
| Net Income | $-46M | $-43M | $-48M | $-48M | $-38M | $-26M | $-26M | $-17M | $-13M | $-15M | $-12M | $-10M | |
| EPS (Basic) | $-0.54 | $-0.52 | $-0.60 | $-0.62 | $-0.54 | · | · | · | · | $-0.42 | $-0.65 | $-1.02 | |
| EPS (Diluted) | $-0.54 | $-0.52 | $-0.60 | $-0.62 | $-0.54 | · | · | · | · | $-0.42 | $-0.65 | $-1.02 | |
| Shares (Basic) | 85,289,447 | 83,468,049 | 79,787,596 | 76,909,993 | 69,802,960 | · | · | · | · | 35,153,426 | 18,584,820 | 9,804,539 | |
| Shares (Diluted) | 85,289,447 | 83,468,049 | 79,787,596 | 76,909,993 | 69,802,960 | · | · | · | · | 35,153,426 | 18,584,820 | 9,804,539 | |
| EBITDA | $-51M | $-53M | $-56M | · | · | · | · | · | · | $1.3K | $995 | $-3M |
Balance Sheet 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $103M | $132M | $151M | $149M | $152M | $29M | $22M | $23M | $27M | $9M | $15M | $7M | |
| Prepaid Expense | $429.0K | $931.0K | $653.0K | $354.0K | $371.9K | $443.8K | $501.0K | $1M | $335.9K | $180.1K | $100.8K | $89.1K | |
| Current Assets | · | · | · | · | · | · | $25M | $26M | $28M | $9M | $15M | $7M | |
| PP&E (Net) | · | · | · | · | · | · | · | · | · | · | $1.3K | $2.2K | |
| Total Assets | $104M | $136M | $154M | $153M | $162M | $35M | $25M | $26M | $28M | $9M | $15M | $7M | |
| Accounts Payable | $4M | $10M | $4M | $4M | $5M | $4M | $4M | $3M | $4M | $3M | $3M | $1M | |
| Accrued Liabilities | $4M | $5M | $7M | $6M | $6M | $3M | $2M | $929.3K | · | · | · | · | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | · | $85.2K | $192.1K | |
| Current Liabilities | · | · | · | · | $11M | $7M | $5M | $4M | $4M | $3M | $3M | $1M | |
| Total Liabilities | $9M | $15M | $13M | $10M | $11M | $7M | $5M | · | $4M | $3M | $3M | $7M | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | · | $332 | $6M | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | $85.6K | $192.1K | |
| Common Stock | $87.0K | $85.0K | $82.0K | $78.0K | $75.9K | $62.0K | $52.7K | $45.9K | $43.3K | $36.2K | $32.0K | $11.8K | |
| Paid-in Capital | · | · | · | · | · | · | · | · | · | · | · | $52M | |
| Retained Earnings | $-382M | $-336M | $-293M | $-246M | $-198M | $-160M | $-133M | $-107M | $-91M | $-78M | $-63M | $-51M | |
| Stockholders' Equity | $95M | $120M | $142M | $142M | $151M | $27M | $20M | $22M | $26M | $6M | $13M | $192.6K | |
| Liabilities + Equity | $104M | $136M | $154M | $153M | $162M | $35M | $25M | $26M | $28M | $9M | $15M | $7M | |
| Shares Outstanding | 86,668,521 | 84,795,517 | 82,066,511 | 77,942,815 | 75,918,465 | 62,045,198 | 52,650,521 | 45,933,472 | 43,330,817 | 36,168,299 | 32,044,213 | 11,800,063 |
Cash Flow 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | · | · | · | $1.3K | $995 | $768 | |
| Stock-based Comp | $12M | $9M | $16M | $18M | $8M | $5M | $6M | $6M | $4M | $5M | $2M | $637.9K | |
| Deferred Tax | · | · | $7.0K | $358.0K | $268.0K | $22.7K | $82.2K | $72.7K | · | · | · | $-1M | |
| Other Non-cash | · | · | · | · | · | · | · | · | · | $436.4K | $6M | · | |
| Operating Cash Flow | $-39M | $-31M | $-28M | $-24M | $-30M | $-21M | $-19M | $-13M | $-9M | $-9M | $-4M | $-3M | |
| CapEx | · | · | · | · | · | · | · | · | · | · | · | $3.0K | |
| Investing Cash Flow | · | · | · | · | · | · | · | · | · | · | · | $-3.0K | |
| Stock Issued | · | $11M | $28M | $21M | $153M | $29M | $18M | $8M | $27M | $3M | $12M | $368.2K | |
| Net Stock Activity | · | $11M | $28M | · | $153M | $29M | $18M | $8M | $27M | · | · | $368.2K | |
| Financing Cash Flow | $9M | $12M | $30M | $21M | $153M | $28M | $18M | $8M | $27M | $3M | $12M | $10M | |
| Net Change in Cash | · | · | · | · | · | $7M | $-745.0K | · | · | · | · | $7M |
Profitability 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -1098.9% | -722.4% | -855.3% | · | · | · | · | · | · | · | · | · | |
| Net Margin | -991.4% | -587.5% | -728.7% | · | -144353.4% | -14602.4% | -12685.7% | -6842.0% | -15278.9% | -130159.9% | · | · | |
| Pretax Margin | -991.4% | -587.5% | -728.6% | · | -143334.5% | -14589.9% | -12646.1% | -6813.5% | -15211.2% | -129898.3% | · | · | |
| EBITDA Margin | -1098.9% | -722.4% | -855.3% | · | · | · | · | · | · | 11.1% | · | · | |
| ROA | -38.8% | -29.7% | -30.9% | · | -38.6% | -87.8% | -102.0% | -66.8% | -72.1% | -118.0% | -106.1% | -293.5% | |
| ROE | -47.7% | -34.4% | -32.9% | · | -24.6% | -101.2% | -126.8% | -79.2% | -88.1% | -154.2% | -186.3% | 1001.4% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | · | · | · | · | · | 5.0 | 6.3 | · | 3.0 | 5.8 | 5.1 | |
| Quick Ratio | · | · | · | · | · | · | 4.4 | 5.9 | · | 2.9 | 5.7 | 5.0 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | 0.0 | 1.0 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | · | 0.0 | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | · | -418.8 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.1 | 0.0 | · | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -36.1% | 12.3% | 588.4% | 3542.3% | -85.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 70.3% | 555.4% | 230.9% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 91.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5M | $7M | $7M | $947.0K | $26.0K | $180.0K | $207.3K | $255.1K | $88.1K | $11.3K | $-71.8K | $-7.1K | |
| Net Income TTM | $-46M | $-43M | $-48M | $-48M | $-38M | $-26M | $-26M | $-17M | $-13M | $-15M | $-12M | $-10M | |
| Market Cap | $771M | $482M | $538M | · | $1.36B | $282M | $166M | $125M | $179M | $131M | $181M | $35M | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | $166M | $28M | |
| P/E | -16.5 | -10.9 | -10.9 | -16.6 | -33.2 | -19.0 | -13.2 | -11.4 | -17.2 | -8.6 | -8.7 | -0.7 | |
| P/S | 164.9 | 65.8 | 82.5 | · | 52412.9 | 1568.6 | 802.7 | 491.6 | 2036.3 | 11596.1 | -2516.2 | -4900.5 | |
| P/B | 8.1 | 4.0 | 3.8 | · | 9.0 | 10.4 | 8.2 | 6.1 | 7.4 | 20.8 | 14.1 | 180.3 | |
| P / Tangible Book | 8.1 | 4.0 | 3.8 | 5.6 | 9.0 | 10.4 | · | · | · | · | · | · | |
| P / Cash Flow | -19.8 | -15.6 | -19.3 | · | -44.9 | -13.3 | -9.0 | -10.0 | -19.9 | -14.2 | -42.8 | -13.1 | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | · | 166355.7 | -9.3 | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | -2304.5 | -3903.1 | |
| Earnings Yield | -6.1% | -9.2% | -9.2% | -6.0% | -3.0% | -5.3% | -7.6% | -8.8% | -5.8% | -11.6% | -11.5% | -138.6% |
Income Statement 13
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D Expense | $5M | $7M | $10M | $10M | $10M | $12M | $12M | $10M | $9M | $10M | $11M | $12M | $11M | $9M | $9M | $9M | |
| SG&A Expense | $2M | $4M | $4M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $3M | $3M | $3M | |
| Operating Expenses | $7M | $11M | $14M | $13M | $14M | $14M | $15M | $13M | $11M | $14M | $14M | $15M | $15M | $12M | $12M | $12M | |
| Operating Income | $-7M | $-11M | $-14M | $-13M | $-14M | $-14M | $-15M | $-13M | $-11M | $-14M | $-14M | $-15M | $-15M | $-12M | $-12M | $-12M | |
| Other Non-op | $1M | $1M | $1M | $1M | $1M | $3M | $2M | $2M | $3M | $2M | $1M | $2M | $1M | $179.8K | $1M | $871.0K | |
| Pretax Income | · | · | · | · | · | $-12M | $-12M | $-10M | $-9M | $-11M | $-13M | $-13M | $-14M | $-12M | $-10M | $-11M | |
| Income Tax | $18.0K | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income | $-6M | $-10M | $-13M | $-11M | $-12M | $-12M | $-12M | $-11M | $-9M | $-11M | $-13M | $-13M | $-14M | $-12M | $-10M | $-11M | |
| EPS (Basic) | $-0.06 | $-0.11 | $-0.16 | $-0.13 | $-0.14 | $-0.14 | $-0.14 | $-0.13 | $-0.11 | $-0.14 | $-0.17 | $-0.17 | · | · | · | · | |
| EPS (Diluted) | $-0.06 | $-0.11 | $-0.16 | $-0.13 | $-0.14 | $-0.14 | $-0.14 | $-0.13 | $-0.11 | $-0.14 | $-0.17 | $-0.17 | · | · | · | · | |
| Shares (Basic) | 89,029,458 | -169,970,883 | 85,380,587 | 85,073,769 | 84,805,974 | -165,609,320 | 84,535,328 | 82,464,226 | 82,077,815 | 80,875,235 | 78,304,363 | 77,977,112 | · | · | · | · | |
| Shares (Diluted) | 89,029,458 | -169,970,883 | 85,380,587 | 85,073,769 | 84,805,974 | -165,609,320 | 84,535,328 | 82,464,226 | 82,077,815 | 80,875,235 | 78,304,363 | 77,977,112 | · | · | · | · | |
| EBITDA | $-7M | · | $-14M | $-13M | $-14M | · | $-15M | $-13M | $-11M | $-14M | $-14M | $-15M | · | · | · | · |
Balance Sheet 12
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $132M | $103M | $101M | $116M | $121M | $132M | $139M | $139M | $144M | $155M | $153M | $144M | $149M | $153M | $153M | $151M | |
| Prepaid Expense | $396.0K | $429.0K | $448.0K | $702.0K | $711.0K | $931.0K | $1M | $1M | $756.0K | $827.6K | $981.8K | $655.6K | $354.0K | $462.0K | $464.6K | $377.9K | |
| Total Assets | $133M | $104M | $102M | $117M | $124M | $136M | $142M | $145M | $148M | $158M | $159M | $148M | $153M | $160M | $160M | $157M | |
| Accounts Payable | $3M | $4M | $7M | $7M | $5M | $10M | $4M | $4M | $4M | $4M | $6M | $5M | $4M | $3M | $3M | $5M | |
| Accrued Liabilities | $3M | $4M | $4M | $10M | $8M | $5M | $7M | $5M | $7M | $6M | $7M | $7M | $6M | $6M | $5M | $5M | |
| Current Liabilities | · | · | · | · | · | · | · | · | · | · | · | · | · | $9M | $8M | $11M | |
| Total Liabilities | $6M | $9M | $11M | $17M | $13M | $15M | $12M | $10M | $12M | $11M | $14M | $13M | $10M | · | · | · | |
| Common Stock | $93.0K | $87.0K | $85.0K | $85.0K | $85.0K | $85.0K | $85.0K | $84.0K | $82.0K | $81.4K | $80.2K | $78.0K | $78.0K | $77.9K | $77.2K | $76.2K | |
| Retained Earnings | $-388M | $-382M | $-373M | $-359M | $-348M | $-336M | $-324M | $-312M | $-302M | $-283M | $-272M | $-259M | $-246M | $-231M | $-219M | $-208M | |
| Stockholders' Equity | $127M | $95M | $91M | $100M | $111M | $120M | $130M | $135M | $136M | $147M | $145M | $135M | $142M | $151M | $152M | $146M | |
| Liabilities + Equity | $133M | $104M | $102M | $117M | $124M | $136M | $142M | $145M | $148M | $158M | $159M | $148M | $153M | $160M | $160M | $157M | |
| Shares Outstanding | 92,671,758 | 86,668,521 | 85,411,692 | 85,333,652 | 84,985,449 | 84,795,517 | 84,795,517 | 83,616,218 | 82,086,511 | 81,390,916 | 80,235,398 | 78,032,135 | 77,942,815 | 77,942,568 | 77,161,688 | 76,155,187 |
Cash Flow 5
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $1M | $4M | $4M | $1M | $2M | $2M | $2M | $3M | $2M | $4M | $4M | $5M | $6M | $4M | $4M | $4M | |
| Operating Cash Flow | $-7M | $-9M | $-12M | $-6M | $-12M | $-7M | $-5M | $-12M | $-7M | $-8M | $-8M | $-6M | $-4M | $-7M | $-10M | $-4M | |
| Stock Issued | · | · | · | · | · | · | $4M | · | · | $9M | · | · | $2.9K | $7M | $12M | $2M | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $2M | |
| Financing Cash Flow | $36M | $10M | $-2M | $852.0K | $708.0K | $89.0K | $5M | $7M | $59.0K | $9M | $18M | $258.0K | $2.5K | $7M | $12M | $3M |
Profitability 6
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -628.5% | · | -1345.0% | -1034.1% | -975.0% | · | -820.1% | -712.9% | -562.4% | -740.2% | -968.4% | -1213.6% | · | · | · | · | |
| Net Margin | -526.5% | · | -1231.9% | -925.3% | -868.8% | · | -680.1% | -600.6% | -429.4% | -617.1% | -894.6% | -1023.3% | · | · | · | -221636.8% | |
| Pretax Margin | · | · | · | · | · | · | -683.8% | -594.6% | -425.1% | -614.8% | -891.1% | -1024.9% | · | -5340.6% | -137345.1% | -221026.2% | |
| EBITDA Margin | -628.5% | · | -1345.0% | -1034.1% | -975.0% | · | -820.1% | -712.9% | -562.4% | -740.2% | -968.4% | -1213.6% | · | · | · | · | |
| ROA | -4.4% | · | -10.9% | -8.6% | -8.9% | · | -8.2% | -6.9% | -5.8% | -7.1% | -8.2% | -8.5% | · | · | · | -10.3% | |
| ROE | -4.8% | · | -12.0% | -9.5% | -9.8% | · | -8.8% | -7.5% | -6.4% | -7.6% | -8.8% | -9.2% | · | · | · | -11.3% |
Liquidity & Solvency 1
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quick Ratio | · | · | · | · | · | · | · | · | · | · | · | · | · | 16.2 | 19.0 | 14.4 |
Efficiency 1
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 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 | 0.0 |
Valuation (TTM) 9
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5M | · | $5M | $6M | $7M | · | $7M | $7M | $7M | $5M | $3M | $2M | · | $253.9K | $33.2K | $24.0K | |
| Net Income TTM | $-42M | · | $-49M | $-46M | $-43M | · | $-43M | $-44M | $-46M | $-50M | $-49M | $-47M | · | $-44M | $-40M | $-37M | |
| Market Cap | $330M | · | $787M | $732M | $913M | · | $358M | $426M | $764M | $662M | $688M | $723M | · | $780M | $950M | $1.32B | |
| P/E | -7.3 | · | -16.2 | -15.9 | -20.7 | · | -8.1 | -9.3 | -15.8 | · | · | · | · | -41.7 | -51.3 | -72.2 | |
| P/S | 69.3 | · | 143.8 | 118.9 | 131.3 | · | 48.4 | 60.3 | 116.3 | 138.1 | 231.5 | 478.4 | · | 3073.4 | 28647.4 | 54976.3 | |
| P/B | 2.6 | · | 8.7 | 7.3 | 8.2 | · | 2.8 | 3.2 | 5.6 | 4.5 | 4.7 | 5.3 | · | 5.2 | 6.2 | 9.0 | |
| P / Tangible Book | 2.6 | · | 8.7 | 7.3 | 8.2 | · | 2.8 | 3.2 | 5.6 | 4.5 | 4.7 | 5.3 | · | 5.2 | 6.2 | 9.0 | |
| P / Cash Flow | -46.1 | · | · | · | -75.3 | · | · | · | -104.4 | · | · | -124.7 | · | · | · | -377.2 | |
| Earnings Yield | -13.8% | · | -6.2% | -6.3% | -4.8% | · | -12.3% | -10.8% | -6.3% | · | · | · | · | -2.4% | -1.9% | -1.4% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | |
|---|---|---|---|---|---|
| Operating Margin % | -1098.9% | -722.4% | -855.3% | — | — |
| Net Income | $-46M | $-43M | $-48M | $-48M | $-38M |
| Diluted EPS | $-0.54 | $-0.52 | $-0.60 | $-0.62 | $-0.54 |
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Institutional owners (13F) 203 filers · $73.6M 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 |
|---|---|---|---|---|
| 31 (-9 vs prior Q) | 35 (+5 vs prior Q) | 54 (-14 vs prior Q) | 57 (+6 vs prior Q) | +250K |
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 |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $10,501,386 | 4,054,589 | 14.26% | Shares |
| TWO SIGMA INVESTMENTS, LP | $7,890,533 | 3,046,538 | 10.71% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $5,350,253 | 2,065,156 | 7.26% | Shares |
| STATE STREET CORP | $4,979,974 | 1,922,770 | 6.76% | Shares |
| TWO SIGMA ADVISERS, LP | $4,306,069 | 1,209,570 | 5.85% | Shares |
| FEDERATED HERMES, INC. | $2,775,985 | 1,071,809 | 3.77% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,456,959 | 948,633 | 3.34% | Shares |
| Summit Financial, LLC | $2,355,422 | 909,430 | 3.20% | Shares |
| VANGUARD GROUP INC | $2,106,876 | 591,819 | 2.86% | Shares |
| BARCLAYS PLC | $1,951,551 | 753,494 | 2.65% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,903,119 | 734,795 | 2.58% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,654,189 | 638,683 | 2.25% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,609,558 | 621,451 | 2.19% | Shares |
| GREAT POINT PARTNERS LLC | $1,350,167 | 521,300 | 1.83% | Call option |
| WOLVERINE TRADING, LLC | $1,310,475 | 151,500 | 1.78% | Call option |
| Private Advisor Group, LLC | $1,305,360 | 504,000 | 1.77% | Shares |
| GOLDMAN SACHS GROUP INC | $1,214,873 | 469,063 | 1.65% | Shares |
| Sheets Smith Investment Management | $1,209,937 | 135,948 | 1.64% | Shares |
| LPL Financial LLC | $1,051,822 | 406,109 | 1.43% | Shares |
| PVG ASSET MANAGEMENT CORP | $847,821 | 327,344 | 1.15% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $827,580 | 319,529 | 1.12% | Shares |
| WOLVERINE TRADING, LLC | $674,700 | 78,000 | 0.92% | Put option |
| BlackRock, Inc. | $639,896 | 247,064 | 0.87% | Shares |
| Apella Capital, LLC | $617,866 | 227,995 | 0.84% | Shares |
| CITADEL ADVISORS LLC | $560,217 | 216,300 | 0.76% | Call option |
| CANADA PENSION PLAN INVESTMENT BOARD | $522,662 | 201,800 | 0.71% | Shares |
| AllSquare Wealth Management LLC | $466,209 | 52,383 | 0.63% | Shares |
| ALLIANCEBERNSTEIN L.P. | $449,141 | 146,300 | 0.61% | Shares |
| Point72 Asset Management, L.P. | $407,889 | 157,486 | 0.55% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $378,995 | 146,330 | 0.51% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $355,348 | 137,200 | 0.48% | Put option |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $318,570 | 123,000 | 0.43% | Shares |
| D. E. Shaw & Co., Inc. | $299,047 | 115,462 | 0.41% | Shares |
| IEQ CAPITAL, LLC | $295,902 | 114,248 | 0.40% | Shares |
| Bank of New York Mellon Corp | $290,507 | 112,165 | 0.39% | Shares |
| RHUMBLINE ADVISERS | $290,194 | 112,049 | 0.39% | Shares |
| HSBC HOLDINGS PLC | $270,178 | 102,925 | 0.37% | Shares |
| CITADEL ADVISORS LLC | $263,403 | 101,700 | 0.36% | Put option |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $251,036 | 96,925 | 0.34% | Shares |
| ALPS ADVISORS INC | $243,592 | 94,051 | 0.33% | Shares |
| Watts Gwilliam & Co., LLC | $231,400 | 26,000 | 0.31% | Shares |
| Cetera Investment Advisers | $194,563 | 75,121 | 0.26% | Shares |
| SHEETS SMITH WEALTH MANAGEMENT | $184,561 | 71,259 | 0.25% | Shares |
| 180 WEALTH ADVISORS, LLC | $183,968 | 71,030 | 0.25% | Shares |
| Mariner, LLC | $173,880 | 67,135 | 0.24% | Shares |
| PNC Financial Services Group, Inc. | $172,551 | 66,622 | 0.23% | Shares |
| LexAurum Advisors, LLC | $168,480 | 65,050 | 0.23% | Shares |
| Voleon Capital Management LP | $164,478 | 63,505 | 0.22% | Shares |
| MILLENNIUM MANAGEMENT LLC | $156,651 | 60,483 | 0.21% | Shares |
| FMR LLC | $155,333 | 59,974 | 0.21% | Shares |
| Creative Planning | $154,830 | 59,780 | 0.21% | Shares |
| Abel Hall, LLC | $147,195 | 56,832 | 0.20% | Shares |
| MARSHALL WACE, LLP | $142,528 | 55,030 | 0.19% | Shares |
| MetLife Investment Management, LLC | $133,714 | 51,627 | 0.18% | Shares |
| CITIGROUP INC | $125,413 | 48,422 | 0.17% | Shares |
| Walleye Capital LLC | $125,097 | 48,300 | 0.17% | Call option |
| Geneos Wealth Management Inc. | $124,579 | 48,100 | 0.17% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $109,953 | 42,453 | 0.15% | Shares |
| CWM, LLC | $106,713 | 34,760 | 0.14% | Shares |
| AXQ CAPITAL, LP | $105,537 | 40,748 | 0.14% | Shares |
| Snowden Capital Advisors LLC | $104,854 | 40,484 | 0.14% | Shares |
| Squarepoint Ops LLC | $99,516 | 38,423 | 0.14% | Shares |
| Carnegie Investment Counsel | $99,011 | 38,228 | 0.13% | Shares |
| Foster Victor Wealth Advisors, LLC | $97,018 | 39,925 | 0.13% | Shares |
| Sheaff Brock Investment Advisors, LLC | $96,525 | 11,250 | 0.13% | Shares |
| NewEdge Advisors, LLC | $95,545 | 36,890 | 0.13% | Shares |
| Invesco Ltd. | $94,677 | 36,555 | 0.13% | Shares |
| BANK OF MONTREAL /CAN/ | $90,650 | 35,000 | 0.12% | Shares |
| Vanguard Global Advisers, LLC | $88,340 | 34,108 | 0.12% | Shares |
| SIMPLEX TRADING, LLC | $85,182 | 32,889 | 0.12% | Shares |
| XTX Topco Ltd | $84,734 | 32,716 | 0.12% | Shares |
| Independent Advisor Alliance | $79,173 | 30,568 | 0.11% | Shares |
| Forum Financial Management, LP | $77,959 | 30,100 | 0.11% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $77,830 | 31,132 | 0.11% | Shares |
| Integrated Wealth Concepts LLC | $77,426 | 29,893 | 0.11% | Shares |
| CHOREO, LLC | $76,946 | 29,709 | 0.10% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $75,928 | 29,316 | 0.10% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $74,393 | 28,723 | 0.10% | Shares |
| Watts Gwilliam & Co., LLC | $71,610 | 84,000 | 0.10% | Call option |
| Schonfeld Strategic Advisors LLC | $71,423 | 27,577 | 0.10% | Shares |
| Beacon Pointe Advisors, LLC | $70,610 | 23,000 | 0.10% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $67,516 | 26,068 | 0.09% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $67,045 | 25,886 | 0.09% | Shares |
| Atria Investments, Inc | $66,055 | 25,504 | 0.09% | Shares |
| OSAIC HOLDINGS, INC. | $65,615 | 25,336 | 0.09% | Shares |
| Police & Firemen's Retirement System of New Jersey | $59,808 | 23,092 | 0.08% | Shares |
| WELLS FARGO & COMPANY/MN | $59,288 | 22,891 | 0.08% | Shares |
| Jain Global LLC | $56,985 | 22,002 | 0.08% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $55,770 | 21,533 | 0.08% | Shares |
| Dana Investment Advisors, Inc. | $52,852 | 20,406 | 0.07% | Shares |
| TUDOR INVESTMENT CORP ET AL | $52,776 | 20,377 | 0.07% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $52,694 | 20,345 | 0.07% | Shares |
| Hamilton Point Investment Advisors, LLC | $52,577 | 20,300 | 0.07% | Shares |
| StoneX Group Inc. | $51,432 | 18,679 | 0.07% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $50,337 | 19,435 | 0.07% | Shares |
| Advisory Alpha, LLC | $48,793 | 18,839 | 0.07% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $47,161 | 18,209 | 0.06% | Shares |
| Gladstone Institutional Advisory LLC | $45,768 | 17,671 | 0.06% | Shares |
| Innovative Asset Advisors Group, LLC | $44,937 | 17,350 | 0.06% | Shares |
| DELTA ASSET MANAGEMENT LLC/TN | $41,440 | 16,000 | 0.06% | Shares |
Company insiders 13 insiders · 4 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Christopher U Missling | President, CEO, CFO, Treasurer | July 14, 2015 P | 4,013,000 | 0 | 0 | $0 |
| Harvey Lalach | President COO Secretary | May 29, 2012 S | 550,000 | 0 | 0 | $0 |
| Sandra Boenisch | PFO & Treasurer | June 4, 2019 A | — | 0 | 0 | $0 |
| George F Tidmarsh | Executive Director | Feb. 9, 2012 J | 8,000 | 0 | 0 | $0 |
| Athanasios Skarpelos | Director | Nov. 28, 2013 G | 5,225,832 | 0 | 0 | $0 |
| David L. Tousley | Director | Sept. 1, 2010 A | — | 0 | 0 | $0 |
| Alison E. Ayers | Director | June 29, 2010 A | — | 0 | 0 | $0 |
| Cameron Durrant | Director | June 29, 2010 A | 0 | 0 | 0 | $0 |
| Angela Vernadaki | — | Feb. 8, 2007 P | — | 0 | 0 | $0 |
| George Kalkanis | — | Feb. 8, 2007 P | — | 0 | 0 | $0 |
| Panos Kontzalis | — | Feb. 8, 2007 P | — | 0 | 0 | $0 |
| Yang Wu | — | April 25, 2006 S | 0 | 0 | 0 | $0 |
| Pei Ru Wu | — | April 25, 2006 S | 0 | 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 |
|---|---|---|---|---|---|
| Athanasios Skarpelos ×4 filings | Nov. 20, 2009 | — | Initial filing | — | SEC |
| Athanansios Skarpelos | Oct. 31, 2007 | — | 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 30 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 |
|---|---|---|---|---|
| IBRN · iShares Trust | 0.30% | 7,124 SH | Aug. 8, 2026 | Daily |
| SBIO · ALPS ETF Trust | 0.18% | 95,522 NS | May 31, 2026 | N-PORT |
| LABU · Direxion Shares ETF Trust | 0.10% | 154,727 NS | April 30, 2026 | N-PORT |
| IWC · iShares Trust | 0.07% | 314,680 SH | Aug. 8, 2026 | Daily |
| IBB · iShares Trust | 0.02% | 652,900 SH | Aug. 8, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.02% | 4,991 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.02% | 730,154 SH | Aug. 8, 2026 | Daily |
| BIB · ProShares Trust | 0.01% | 3,426 NS | May 31, 2026 | N-PORT |
| SMLF · iShares Trust | 0.01% | 162,720 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 529,519 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 66,934 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 2,368,926 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.01% | 4,119 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.01% | 56,890 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 440,209 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 3,220 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.00% | 139,491 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.00% | 3,258 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 3,505 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 7,854 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 82 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 68,920 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 124,172 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 19,597 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 1,041,514 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 2,925,439 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.00% | 17,218 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 6,160 SH | Aug. 8, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 4,671 NS | April 30, 2026 | N-PORT |
| VHT · VANGUARD WORLD FUND | 0.00% | 267,123 SH | Aug. 8, 2026 | Daily |