your badges 52W Range $9–$33 42% of range Analyst Rating BUY 17 analysts Price Target $23 +23% upside P/E -12.6 ROE -26.2% Net Profit Margin -61.3%

BBNX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $18.96
Market Cap (MRQ) $853M
P/E (TTM) -12.6
EPS (TTM) $-1.51
Revenue (TTM) $119M
ROE (TTM) -26.2%
52W Range $9–$33

BBNX 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

06
Revenue$100M
2023-12-31 → 2025-12-31
EPS$-1.81
2023-12-31 → 2025-12-31
Free Cash Flow$-56M
2024-12-31 → 2025-12-31
Net margin-61.3%
2024-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend BBNX 5Y avg Peer Median Verdict
P/E (TTM) -12.6 · · ·
P/S (TTM) 7.2 · 3.1 Overvalued
P/B (MRQ) 3.3 · 3.1 Fair value
Price / FCF (TTM) -13.9 · · ·
Price / Cash Flow (TTM) -15.3 · · ·
Price / Tangible Book 2.9 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -0.88%
Next Report Oct 26, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 27, 2026 $-0.53 $-0.61 12.8%
March 31, 2026 $-0.49 $-0.50 1.7%
Dec. 31, 2025 $-0.29 $-0.42 31.6%
Sept. 30, 2025 $-0.33 $-0.44 25.4%
June 30, 2025 $-0.39 $-0.46 14.9%
March 31, 2025 $-0.93 $-0.49 -91.6%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 16
Metric Trend 202520242023
Revenue $100M$65M$12M
Cost of Revenue $45M$29M$6M
Gross Profit $56M$36M$6M
R&D Expense $35M$26M$18M
SG&A Expense $31M$18M$12M
Operating Expenses $127M$81M$42M
Operating Income $-72M$-45M$-36M
Interest Income $11M$4M$2M
Other Non-op $-1.0K$-2.0K$-68.0K
Income Tax $0$0·
Net Income $-73M$-55M$-44M
EPS (Basic) $-1.81$-8.60$-8.31
EPS (Diluted) $-1.81$-8.60$-8.31
Shares (Basic) 40,529,0516,365,0645,303,684
Shares (Diluted) 40,529,0516,365,0645,303,684
EBITDA $-72M$-45M·
Balance Sheet 24
Metric Trend 202520242023
Cash & Equivalents $32M$30M$27M
Short-term Investments $188M$73M$70M
Receivables $17M$12M$4M
Inventory $22M$13M$1M
Prepaid Expense $10M$4M$1M
Other Current Assets ·$817.0K$275.0K
Current Assets $268M$133M$104M
PP&E (Net) $9M$5M$2M
PP&E (Gross) $14M$10M$7M
Accum. Depreciation $6M$5M$4M
Other Non-current Assets $180.0K$150.0K$121.0K
Total Assets $329M$150M$110M
Accounts Payable $5M$3M$1M
Current Liabilities $31M$21M$11M
Capital Leases $5M$6M$3M
Other Non-current Liabilities $2M··
Total Liabilities $41M$74M$51M
Common Stock $4.0K$1.0K·
Paid-in Capital $657M$51M$26M
Retained Earnings $-370M$-297M$-230M
AOCI $403.0K$65.0K$137.0K
Stockholders' Equity $288M$-245M$-203M
Liabilities + Equity $329M$150M$110M
Shares Outstanding 44,360,8736,667,793·
Cash Flow 9
Metric Trend 202520242023
Stock-based Comp $16M$6M$6M
Operating Cash Flow $-51M$-48M$-32M
CapEx $5M$3M$402.0K
Investing Cash Flow $-163M$-3M$-70M
Stock Issued $195M··
Net Stock Activity $195M··
Financing Cash Flow $215M$56M$101M
Net Change in Cash $1M$4M$-1M
Free Cash Flow $-56M$-52M·
Profitability 6
Metric Trend 202520242023
Gross Margin 55.4%55.1%·
Operating Margin -71.5%-69.5%·
Net Margin -73.0%-84.1%·
EBITDA Margin -71.5%-69.5%·
ROA -30.6%-42.2%·
ROE -24.9%23.1%·
Liquidity & Solvency 2
Metric Trend 202520242023
Current Ratio 8.76.3·
Quick Ratio 7.65.5·
Efficiency 3
Metric Trend 202520242023
Asset Turnover 0.40.5·
Inventory Turnover 2.64.0·
Receivables Turnover 6.97.9·
Per Share 5
Metric Trend 202520242023
Book Value / Share $6.48··
Revenue / Share $2.47$10.23·
Cash Flow / Share $-1.26$-7.58·
Cash / Share $0.71··
EPS (TTM) $-1.81$-8.60·
Growth Rates 1
Metric Trend 202520242023
Revenue YoY 53.9%442.9%·
Valuation (TTM) 10
Metric Trend 202520242023
Revenue TTM $100M$65M·
Net Income TTM $-73M$-55M·
Market Cap $1.35B··
P/E -16.8··
P/S 13.5··
P/B 4.7··
P / Tangible Book 4.7··
P / Cash Flow -26.5··
P / FCF -24.0··
Earnings Yield -5.9%··

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-12-312024-12-312023-12-31
Revenue $100M $65M $12M
Gross Margin % 55.4% 55.1% ·
Operating Margin % -71.5% -69.5% ·
Net Income $-73M $-55M $-44M
Diluted EPS $-1.81 $-8.60 $-8.31

Institutional owners (13F) 143 filers · $827.8M total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 143
Value held $827.8M
New positions 29
Exited positions 19
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
29 (+5 vs prior Q) 19 (-21 vs prior Q) 57 (+9 vs prior Q) 34 (-10 vs prior Q) +2.3M

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
EVENTIDE ASSET MANAGEMENT, LLC $98,053,951 6,253,673 11.85% Shares
Soleus Capital Management, L.P. $68,849,498 4,393,714 8.32% Shares
VANGUARD GROUP INC $67,589,712 2,218,238 8.17% Shares
MORGAN STANLEY $66,861,101 4,266,822 8.08% Shares
Sands Capital Alternatives, LLC $58,105,034 3,708,043 7.02% Shares
BlackRock, Inc. $52,340,479 3,340,171 6.32% Shares
Point72 Asset Management, L.P. $35,330,883 2,254,683 4.27% Shares
VANGUARD CAPITAL MANAGEMENT LLC $27,929,362 1,782,346 3.37% Shares
Vestal Point Capital, LP $25,072,000 1,600,000 3.03% Shares
RTW INVESTMENTS, LP $23,505,000 1,500,000 2.84% Shares
DEERFIELD MANAGEMENT COMPANY, L.P. $20,747,080 1,324,000 2.51% Shares
Omega Fund Management, LLC $20,624,588 1,316,183 2.49% Shares
Eversept Partners, LP $19,578,740 1,249,441 2.37% Shares
Divisadero Street Capital Management, LP $17,453,277 1,113,802 2.11% Shares
GEODE CAPITAL MANAGEMENT, LLC $16,824,964 1,073,452 2.03% Shares
STATE STREET CORP $15,202,909 970,192 1.84% Shares
MILLENNIUM MANAGEMENT LLC $14,984,343 956,244 1.81% Shares
Balyasny Asset Management L.P. $13,408,537 855,682 1.62% Shares
PERCEPTIVE ADVISORS LLC $13,052,232 832,944 1.58% Shares
JPMORGAN CHASE & CO $11,957,052 703,356 1.44% Shares
Bruce & Co., Inc. $10,431,519 665,700 1.26% Shares
FARALLON CAPITAL MANAGEMENT, L.L.C. $9,323,650 595,000 1.13% Shares
BANK OF AMERICA CORP /DE/ $8,566,005 546,650 1.03% Shares
GOLDMAN SACHS GROUP INC $8,416,435 537,105 1.02% Shares
Trexquant Investment LP $7,747,796 494,435 0.94% Shares
Tri Locum Partners LP $7,730,700 493,344 0.93% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $6,413,731 409,300 0.77% Shares
UBS Group AG $6,058,382 386,623 0.73% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $5,498,180 350,873 0.66% Shares
NORTHERN TRUST CORP $5,201,751 331,956 0.63% Shares
AQR CAPITAL MANAGEMENT LLC $4,833,693 308,468 0.58% Shares
Granahan Investment Management, LLC $4,695,233 299,632 0.57% Shares
PURA VIDA INVESTMENTS, LLC $4,405,840 281,164 0.53% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $4,277,659 272,984 0.52% Shares
VANGUARD FIDUCIARY TRUST CO $4,198,228 267,915 0.51% Shares
TWO SIGMA ADVISERS, LP $4,180,484 137,200 0.51% Shares
Mariner, LLC $3,452,986 220,359 0.42% Shares
Jain Global LLC $2,704,391 172,584 0.33% Shares
Squarepoint Ops LLC $2,524,406 161,098 0.30% Shares
Kent Lake PR LLC $2,483,750 125,000 0.30% Shares
Bank of New York Mellon Corp $1,925,797 122,897 0.23% Shares
LAZARD ASSET MANAGEMENT LLC $1,497,331 95,554 0.18% Shares
Nuveen, LLC $1,431,784 91,371 0.17% Shares
CITIGROUP INC $1,160,442 74,055 0.14% Shares
Bellevue Group AG $1,130,622 72,152 0.14% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $1,096,258 69,959 0.13% Shares
TUDOR INVESTMENT CORP ET AL $999,887 63,809 0.12% Shares
Y-Intercept (Hong Kong) Ltd $987,821 63,039 0.12% Shares
JANE STREET GROUP, LLC $902,592 57,600 0.11% Call option
Archon Capital Management LLC $844,190 53,873 0.10% Shares

Show all 143 institutional owners →

Company insiders 12 insiders · 5 officers · 7 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Sean Saint President & CEO Sept. 3, 2026 S 398,429 0 5 $-786,358
Stephen Feider Chief Financial Officer Sept. 2, 2026 S 159,378 0 13 $-1,622,561
Mike Mensinger Chief Product Officer Sept. 16, 2026 S 177,390 0 8 $-538,624
Mark Hopman Chief Commercial Officer Sept. 9, 2026 S 88,033 0 12 $-2,270,641
Steven Jon Russell Chief Medical Officer Sept. 2, 2026 S 169,628 0 4 $-176,657
Christy Jones Director Sept. 22, 2026 S 19,564 0 4 $-228,214
Adam Lezack Director May 22, 2026 S 27,399 0 6 $-100,468
Maria Palasis Director May 21, 2026 A 29,397 0 4 $-79,389
Danny L. Dearen Director May 21, 2026 A 32,209 0 0 $0
Sean Carney Director May 21, 2026 A 32,209 0 0 $0
Gerard J Michel Director May 21, 2026 A 33,509 0 0 $0
Wellington Hadley Harbor Aggregator IV, L.P. 10% owner Jan. 31, 2025 C 3,901,599 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 16 ETFs

20

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
PTH · Invesco Exchange-Traded Fund Trust 0.78% 119,172 SH Oct. 2, 2026 Daily
DWAS · Invesco Exchange-Traded Fund Trust … 0.33% 71,003 SH Oct. 2, 2026 Daily
IHI · iShares Trust 0.10% 193,617 SH Sept. 11, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS 0.04% 35,425 SH Aug. 19, 2026 Daily
IWM · iShares Trust 0.02% 1,043,194 SH Sept. 11, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.02% 234,648 SH Aug. 19, 2026 Daily
RSSL · Global X Funds 0.02% 19,463 NS July 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.01% 469,479 SH Aug. 19, 2026 Daily
ITOT · iShares Trust 0.00% 53,693 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.00% 11,191 SH Sept. 11, 2026 Daily
DFAC · Dimensional ETF Trust 0.00% 30,811 NS July 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 1,160 NS July 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 1,828 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 1,272,504 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 2,911 SH Aug. 19, 2026 Daily
IWN · iShares Trust · 376,129 SH Sept. 11, 2026 Daily

BBNX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 17 analysts BUY
Median target $23.50 +23.9%
6 35.3% Strong Buy
7 41.2% Buy
4 23.5% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

12 analysts · 2026-09-27

Mean target $23.28 +22.8%

Now Current price $18.96
Low$16.00 Mean$23.28 High$30.40

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
BBNX $1.35B -16.8 53.9% -73.0% -24.9% 55.4%
IRMD $1.24B 55.6 14.4% 26.8% 23.8% 76.8%
IART · -1.8 1.5% -31.6% -49.6% ·
AORT $2.25B 217.2 13.6% 2.2% 2.2% 64.4%
ENOV $1.52B -1.3 6.7% -52.7% -58.5% 59.8%
PRCT $1.77B -18.3 37.2% -31.0% -25.4% 63.7%
CBLL $822M -15.0 36.1% -60.0% -32.6% 87.9%
SIBN $861M -44.8 20.2% -9.4% -10.9% 79.6%
VREX $498M -7.0 4.1% -8.3% -14.0% 34.4%
AVR $207M -2.0 -29.2% -4921.3% -300.5% ·

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26

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Source: SEC 10-Q filed Jul 29, 2026