CRBU Caribou Biosciences, Inc. - Common Stock
$1.66
Price · Aug 19, 2026
Fundamentals as of Aug 13, 2026
52W Range
$1–$4
13% of range
Analyst Rating
BUY
14 analysts
Price Target
$12
+625% upside
P/E (TTM)
-1.0
ROE
-102.8%
Net Profit Margin
-1327.4%
CRBU Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$1.66
Market Cap
$157M
P/E (TTM)
-1.0
EPS (TTM)
$-1.59
Revenue (TTM)
$11M
Div Yield
—
ROE
-102.8%
Debt/Equity
—
52W Range
$1 – $4
CRBU 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
$11M
2019-12-31
→
2025-12-31
EPS
$-1.59
2021-12-31
→
2025-12-31
Free Cash Flow
$-112M
2021-12-31
→
2025-12-31
Margins
-1327.4%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
CRBU
Peer Median
P/E (TTM)
-1.0
1.2
P/S (TTM)
14.1
14.2
P/B
1.3
1.2
Price / FCF
-1.4
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
CRBU
Peer Median
Operating Margin
-1329.4%
—
Net Profit Margin
-1327.4%
-1189.1%
ROA
-60.6%
-58.9%
ROE
-102.8%
-79.0%
ROIC
-121.0%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
CRBU
Peer Median
Current Ratio
5.7
5.4
Quick Ratio
0.5
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
CRBU
Peer Median
Revenue YoY
11.7%
—
Revenue CAGR 3Y
-7.0%
—
Revenue CAGR 5Y
-2.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
CRBU
Peer Median
CRBU Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
14 analysts
- Strong Buy 5 35.7%
- Buy 8 57.1%
- Hold 1 7.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-08-14
Median
$10.00
← Below all targets
$1.66
Low
$4.00
High
$32.00
Median target
$10.00
+504.2%
Mean target
$12.00
+625.1%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.24 | $-0.32 | 0.08% |
| March 31, 2026 | $-0.26 | $-0.32 | 0.06% |
| Dec. 31, 2025 | $-0.28 | $-0.32 | 0.04% |
| Sept. 30, 2025 | $-0.30 | $-0.37 | 0.07% |
| June 30, 2025 | $-0.58 | $-0.40 | -0.18% |
| March 31, 2025 | $-0.43 | $-0.45 | 0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CRBU | $151M | -1.0 | 11.7% | -1327.4% | -102.8% | — |
| CHRS | $172M | 1.0 | 59.8% | 398.4% | 185.8% | — |
| NKTX | $131M | -1.3 | — | — | -31.1% | — |
| OKUR | — | -0.7 | — | -1733.7% | -88.6% | — |
| CNTB | $159M | -2.8 | -99.8% | -86687.5% | -97.9% | — |
| TNYA | $154M | -1.2 | — | — | -81.2% | — |
| CNTN | $112M | -2.7 | — | — | -18.0% | — |
| HUMA | — | — | — | — | — | — |
| UNCY | $128M | -3.5 | -29.0% | — | -113.9% | — |
| EQ | $95M | -4.0 | 13.9% | — | -133.1% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $11M | $10M | $34M | $14M | $10M | $12M | |
| R&D Expense | $109M | $130M | $112M | $82M | $52M | $34M | |
| SG&A Expense | $38M | $46M | $38M | $38M | $24M | $14M | |
| Operating Expenses | $160M | $177M | $151M | $120M | $77M | $48M | |
| Operating Income | $-148M | $-167M | $-116M | $-106M | $-67M | $-36M | |
| Interest Expense | · | · | · | · | $8.0K | $20.0K | |
| Other Non-op | $-331.0K | $18M | $14M | $7M | $377.0K | $-3.0K | |
| Pretax Income | $-149M | $-149M | $-102M | $-99M | $-67M | $-36M | |
| Income Tax | $-550.0K | $-9.0K | $193.0K | $70.0K | $321.0K | $-2M | |
| Net Income | $-148M | $-149M | $-102M | $-99M | $-67M | $-34M | |
| EPS (Basic) | $-1.59 | $-1.65 | $-1.38 | $-1.64 | $-2.11 | · | |
| EPS (Diluted) | $-1.59 | $-1.65 | $-1.38 | $-1.64 | $-2.11 | · | |
| Shares (Basic) | 93,389,283 | 90,317,925 | 73,807,597 | 60,801,133 | 31,663,243 | · | |
| Shares (Diluted) | 93,389,283 | 90,317,925 | 73,807,597 | 60,801,133 | 31,663,243 | · | |
| EBITDA | $-145M | $-163M | $-113M | $-105M | $-66M | · |
Balance Sheet 23
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $12M | $16M | $51M | $58M | $240M | $16M | |
| Short-term Investments | · | · | · | · | $135M | $0 | |
| Receivables | $69.0K | $265.0K | $148.0K | $202.0K | $1M | $150.0K | |
| Prepaid Expense | $3M | $7M | $6M | $8M | $7M | $3M | |
| Current Assets | $145M | $219M | $339M | $260M | $391M | $24M | |
| PP&E (Net) | $7M | $19M | $18M | $11M | $5M | $4M | |
| PP&E (Gross) | $20M | $32M | $27M | $16M | $9M | $7M | |
| Accum. Depreciation | $14M | $13M | $9M | $6M | $4M | $3M | |
| Other Non-current Assets | $2M | $6M | $2M | $2M | $975.0K | $612.0K | |
| Total Assets | $175M | $313M | $432M | $374M | $442M | $36M | |
| Accounts Payable | $6M | $2M | $3M | $1M | $4M | $3M | |
| Accrued Liabilities | $17M | $24M | $21M | $16M | $13M | $9M | |
| Current Liabilities | $25M | $31M | $28M | $28M | $26M | $12M | |
| Capital Leases | $26M | $25M | $26M | $27M | $0 | · | |
| Deferred Tax | $0 | $548.0K | $557.0K | $381.0K | $476.0K | $155.0K | |
| Total Liabilities | $53M | $60M | $64M | $73M | $55M | $18M | |
| Common Stock | $9.0K | $9.0K | $8.0K | $6.0K | $6.0K | $1.0K | |
| Paid-in Capital | $719M | $701M | $668M | $500M | $486M | $7M | |
| Retained Earnings | $-597M | $-448M | $-299M | $-197M | $-98M | $-31M | |
| AOCI | $103.0K | $255.0K | $30.0K | $-2M | $-135.0K | $0 | |
| Stockholders' Equity | $122M | $253M | $368M | $301M | $388M | $-23M | |
| Liabilities + Equity | $175M | $313M | $432M | $374M | $442M | $36M | |
| Shares Outstanding | 95,143,690 | 92,378,577 | 88,448,948 | 61,029,184 | 60,263,158 | 9,710,829 |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| D&A | $4M | $4M | $4M | $2M | $984.0K | $900.0K | |
| Stock-based Comp | $13M | $17M | $14M | $12M | $3M | $1M | |
| Deferred Tax | $-551.0K | $-10.0K | $178.0K | $-95.0K | $320.0K | $-919.0K | |
| Other Non-cash | $21M | $-10M | $-9M | $-5M | $30M | · | |
| Operating Cash Flow | $-111M | $-138M | $-93M | $-91M | $-33M | $-33M | |
| CapEx | $1M | $5M | $12M | $6M | $2M | $317.0K | |
| Investing Cash Flow | $102M | $87M | $-68M | $-93M | $-176M | $6M | |
| Stock Issued | $4M | $15M | $1M | $0 | · | · | |
| Net Stock Activity | $4M | $15M | $1M | · | · | · | |
| Financing Cash Flow | $5M | $17M | $154M | $2M | $433M | $2M | |
| Net Change in Cash | $-4M | $-35M | $-7M | $-182M | $225M | $-25M | |
| Taxes Paid | · | $0 | $170.0K | $0 | $11.0K | $21.0K | |
| Free Cash Flow | $-112M | $-143M | $-105M | $-97M | $-35M | · | |
| Levered FCF | · | · | · | · | $-35M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Operating Margin | -1329.4% | -1667.2% | -336.6% | -768.2% | -697.8% | · | |
| Net Margin | -1327.4% | -1491.9% | -296.1% | -717.8% | -697.3% | · | |
| Pretax Margin | -1332.3% | -1492.0% | -295.5% | -717.3% | -693.9% | · | |
| EBITDA Margin | -1296.7% | -1627.9% | -326.4% | -756.5% | -687.6% | · | |
| ROA | -60.6% | -40.0% | -25.3% | -24.4% | -28.0% | · | |
| ROE | -102.8% | -55.8% | -26.6% | -31.8% | -16.9% | · | |
| ROIC | -121.0% | -65.9% | -31.6% | -35.4% | -17.3% | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 5.7 | 7.2 | 12.0 | 9.3 | 15.1 | · | |
| Quick Ratio | 0.5 | 0.5 | 1.8 | 2.1 | 9.4 | · | |
| Interest Coverage | · | · | · | · | -8372.4 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | · | |
| Receivables Turnover | 66.8 | 48.4 | 197.0 | 20.4 | 14.7 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | 11.7% | -71.0% | 148.9% | 44.3% | -22.4% | · | |
| Revenue CAGR 3Y | -7.0% | 1.4% | 40.8% | · | · | · | |
| Revenue CAGR 5Y | -2.0% | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $11M | $10M | $34M | $14M | $10M | · | |
| Net Income TTM | $-148M | $-149M | $-102M | $-99M | $-67M | · | |
| Market Cap | $151M | $147M | $507M | $383M | $909M | · | |
| P/E | -1.0 | -1.0 | -4.2 | -3.8 | -7.2 | · | |
| P/S | 13.6 | 14.7 | 14.7 | 27.7 | 94.7 | · | |
| P/B | 1.2 | 0.6 | 1.4 | 1.3 | 2.3 | · | |
| P / Tangible Book | 1.2 | 0.6 | 1.4 | 1.3 | 2.3 | · | |
| P / Cash Flow | -1.4 | -1.1 | -5.4 | -4.2 | -28.0 | · | |
| P / FCF | -1.3 | -1.0 | -4.8 | -3.9 | -26.3 | · | |
| Earnings Yield | -100.0% | -103.8% | -24.1% | -26.1% | -14.0% | · |
Income Statement 13
| 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 | $1M | $2M | $4M | $2M | $3M | $2M | $2M | $2M | $3M | $2M | $4M | $24M | $4M | $4M | $4M | $3M | |
| R&D Expense | $19M | $21M | $24M | $22M | $28M | $36M | $30M | $30M | $35M | $34M | $31M | $29M | $27M | $26M | $26M | $20M | |
| SG&A Expense | $8M | $8M | $9M | $9M | $10M | $10M | $10M | $10M | $11M | $15M | $10M | $10M | $10M | $9M | $9M | $10M | |
| Operating Expenses | $27M | $29M | $32M | $32M | $50M | $45M | $41M | $40M | $47M | $48M | $41M | $38M | $37M | $35M | $34M | $30M | |
| Operating Income | $-25M | $-26M | $-28M | $-29M | $-48M | $-43M | $-39M | $-38M | $-44M | $-46M | $-37M | $-15M | $-33M | $-31M | $-31M | $-27M | |
| Other Non-op | $1M | $1M | $1M | $2M | $-7M | $3M | $3M | $4M | $6M | $5M | $3M | $5M | $3M | $3M | $4M | $-110.0K | |
| Income Tax | · | $0 | $-550.0K | $0 | · | $0 | $-9.0K | $0 | $0 | $0 | $193.0K | $0 | $0 | $0 | $70.0K | $0 | |
| Net Income | $-24M | $-25M | $-26M | $-28M | $-54M | $-40M | $-35M | $-35M | $-38M | $-41M | $-35M | $-10M | $-30M | $-28M | $-27M | $-27M | |
| EPS (Basic) | $-0.24 | $-0.26 | $-0.28 | $-0.30 | $-0.58 | $-0.43 | $-0.39 | $-0.38 | $-0.42 | $-0.46 | $-0.32 | $-0.12 | $-0.48 | $-0.46 | $-0.44 | $-0.44 | |
| EPS (Diluted) | $-0.24 | $-0.26 | $-0.28 | $-0.30 | $-0.58 | $-0.43 | $-0.39 | $-0.38 | $-0.42 | $-0.46 | $-0.32 | $-0.12 | $-0.48 | $-0.46 | $-0.44 | $-0.44 | |
| Shares (Basic) | 100,985,698 | 95,861,716 | -185,612,007 | 93,293,099 | 93,028,698 | 92,679,493 | -179,781,844 | 90,455,900 | 90,340,932 | 89,302,937 | -132,580,843 | 83,783,992 | 61,417,934 | 61,186,514 | -121,389,647 | 60,886,921 | |
| Shares (Diluted) | 100,985,698 | 95,861,716 | -185,612,007 | 93,293,099 | 93,028,698 | 92,679,493 | -179,781,844 | 90,455,900 | 90,340,932 | 89,302,937 | -132,580,843 | 83,783,992 | 61,417,934 | 61,186,514 | -121,389,647 | 60,886,921 | |
| EBITDA | $-25M | $-26M | · | $-29M | $-48M | $-42M | · | $-38M | $-44M | $-45M | · | $-15M | · | · | · | $-27M |
Balance Sheet 22
| 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 | $26M | $12M | $12M | $11M | $25M | $29M | $16M | $32M | $38M | $49M | $51M | $104M | $66M | $53M | $58M | $82M | |
| Receivables | $203.0K | $227.0K | $69.0K | $242.0K | $71.0K | $88.0K | $265.0K | $184.0K | $215.0K | $917.0K | $148.0K | $1M | $766.0K | $2M | $202.0K | $397.0K | |
| Prepaid Expense | $2M | $2M | $3M | $5M | $6M | $6M | $7M | $7M | $6M | $7M | $6M | $7M | $6M | $6M | $8M | $9M | |
| Current Assets | $117M | $122M | $145M | $156M | $193M | $217M | $219M | $237M | $271M | $305M | $339M | $351M | $269M | $239M | $260M | $307M | |
| PP&E (Net) | $5M | $6M | $7M | $8M | $8M | $19M | $19M | $20M | $20M | $19M | $18M | $17M | $15M | $13M | $11M | $9M | |
| PP&E (Gross) | $20M | $20M | $20M | $20M | $20M | $33M | $32M | $31M | $31M | $29M | $27M | $25M | $22M | $19M | $16M | $14M | |
| Accum. Depreciation | $15M | $14M | $14M | $13M | $12M | $14M | $13M | $12M | $11M | $10M | $9M | $8M | $7M | $6M | $6M | $5M | |
| Other Non-current Assets | $2M | $2M | $2M | $4M | $4M | $5M | $6M | $5M | $2M | $2M | $2M | $2M | $1M | $1M | $2M | $1M | |
| Total Assets | $143M | $149M | $175M | $195M | $221M | $274M | $313M | $344M | $373M | $407M | $432M | $458M | $350M | $347M | $374M | $399M | |
| Accounts Payable | $3M | $4M | $6M | $4M | $3M | $4M | $2M | $3M | $3M | $6M | $3M | $2M | $4M | $3M | $1M | $1M | |
| Accrued Liabilities | $13M | $14M | $17M | $19M | $21M | $20M | $24M | $25M | $24M | $19M | $21M | $18M | $16M | $13M | $16M | $15M | |
| Current Liabilities | $18M | $20M | $25M | $28M | $29M | $28M | $31M | $32M | $31M | $29M | $28M | $25M | $34M | $27M | $28M | $29M | |
| Capital Leases | $25M | $26M | $26M | $23M | $24M | $24M | $25M | $25M | $26M | $26M | $26M | $26M | $26M | $26M | $27M | $27M | |
| Deferred Tax | · | · | $0 | $548.0K | $548.0K | $548.0K | $548.0K | $557.0K | $557.0K | $556.0K | $557.0K | $381.0K | $380.0K | $382.0K | $381.0K | $475.0K | |
| Total Liabilities | $45M | $47M | $53M | $53M | $55M | $56M | $60M | $63M | $62M | $64M | $64M | $59M | $80M | $69M | $73M | $75M | |
| Common Stock | $11.0K | $10.0K | $9.0K | $9.0K | $9.0K | $9.0K | $9.0K | $9.0K | $9.0K | $9.0K | $8.0K | $8.0K | $6.0K | $6.0K | $6.0K | $6.0K | |
| Paid-in Capital | $744M | $724M | $719M | $712M | $709M | $705M | $701M | $693M | $689M | $684M | $668M | $664M | $525M | $504M | $500M | $496M | |
| Retained Earnings | $-646M | $-622M | $-597M | $-570M | $-542M | $-488M | $-448M | $-413M | $-378M | $-341M | $-299M | $-265M | $-255M | $-225M | $-197M | $-170M | |
| AOCI | $-71.0K | $-23.0K | $103.0K | $93.0K | $40.0K | $167.0K | $255.0K | $789.0K | $-319.0K | $-322.0K | $30.0K | $-981.0K | $-1M | $-730.0K | $-2M | $-2M | |
| Stockholders' Equity | $98M | $102M | $122M | $142M | $166M | $217M | $253M | $281M | $310M | $343M | $368M | $398M | $269M | $278M | $301M | $324M | |
| Liabilities + Equity | $143M | $149M | $175M | $195M | $221M | $274M | $313M | $344M | $373M | $407M | $432M | $458M | $350M | $347M | $374M | $399M | |
| Shares Outstanding | 105,995,653 | 96,951,234 | 95,143,690 | 93,468,038 | 93,123,239 | 93,004,602 | 92,378,577 | 90,552,687 | 90,362,771 | 90,314,501 | 88,448,948 | 88,430,609 | 66,100,039 | 61,323,523 | 61,029,184 | 60,986,936 |
Cash Flow 13
| 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 | $625.0K | $649.0K | $682.0K | $631.0K | $1M | $1M | $1M | $1M | $856.0K | $710.0K | $740.0K | $2M | $617.0K | $589.0K | $506.0K | $450.0K | |
| Stock-based Comp | $2M | $2M | $3M | $3M | $3M | $4M | $4M | $4M | $5M | $4M | $4M | $3M | $4M | $3M | $3M | $3M | |
| Restructuring | · | · | · | · | · | · | · | $600.0K | · | · | · | · | · | · | · | · | |
| Other Non-cash | · | $-5M | · | · | · | $-2M | · | · | · | $-667.0K | · | · | · | · | · | · | |
| Operating Cash Flow | $-23M | $-27M | $-21M | $-25M | $-28M | $-37M | $-35M | $-33M | $-33M | $-37M | $-21M | $-29M | $-15M | $-28M | $-25M | $-22M | |
| CapEx | $1.0K | $72.0K | $-216.0K | $115.0K | $418.0K | $1M | $518.0K | $673.0K | $2M | $1M | $2M | $5M | $3M | $2M | $2M | $1M | |
| Investing Cash Flow | $19M | $24M | $18M | $11M | $24M | $49M | $16M | $27M | $21M | $23M | $-31M | $-68M | $11M | $21M | $1M | $-8M | |
| Stock Issued | $18M | $2M | $4M | $0 | $0 | $0 | $4M | $0 | $0 | $11M | $0 | $-1.0K | $-115.0K | $1M | $0 | $0 | |
| Net Stock Activity | · | $2M | · | · | · | $0 | · | · | · | $11M | · | · | · | · | · | · | |
| Financing Cash Flow | $18M | $3M | $4M | $277.0K | $6.0K | $468.0K | $4M | $244.0K | $132.0K | $12M | $-43.0K | $135M | $18M | $2M | $127.0K | $654.0K | |
| Net Change in Cash | $14M | $-303.0K | $1M | $-14M | $-4M | $13M | $-16M | $-6M | $-12M | $-2M | $-53M | $38M | $13M | $-6M | $-24M | $-30M | |
| Taxes Paid | · | · | · | · | · | · | · | $0 | · | · | $0 | $0 | · | · | $0 | $0 | |
| Free Cash Flow | · | $-27M | · | · | · | $-38M | · | · | · | $-39M | · | · | · | · | · | · |
Profitability 5
| 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 | -1690.4% | -1096.4% | · | -1337.6% | -1784.0% | -1823.8% | · | -1889.2% | -1255.8% | -1893.9% | · | -61.8% | · | · | · | -803.4% | |
| Net Margin | -1619.9% | -1046.5% | · | -1253.3% | -2028.4% | -1699.6% | · | -1713.6% | -1088.2% | -1697.6% | · | -42.3% | · | · | · | -806.8% | |
| EBITDA Margin | -1690.4% | -1069.3% | · | -1337.6% | -1784.0% | -1774.2% | · | -1889.2% | -1255.8% | -1864.6% | · | -61.8% | · | · | · | -803.4% | |
| ROA | -13.4% | -11.9% | · | -10.2% | -18.2% | -11.8% | · | -8.6% | -10.4% | -10.9% | · | -2.3% | · | · | · | -6.2% | |
| ROE | -18.4% | -15.7% | · | -13.0% | -22.7% | -14.3% | · | -10.2% | -13.0% | -13.3% | · | -2.8% | · | · | · | -7.3% |
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 | 6.5 | 6.2 | · | 5.5 | 6.7 | 7.6 | · | 7.4 | 8.8 | 10.5 | · | 14.3 | · | · | · | 10.7 | |
| Quick Ratio | 1.5 | 0.6 | · | 0.4 | 0.9 | 1.0 | · | 1.0 | 1.2 | 1.7 | · | 4.3 | · | · | · | 2.9 |
Efficiency 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.1 | · | · | · | 0.0 | |
| Receivables Turnover | 10.9 | 15.2 | · | 10.3 | 18.7 | 4.7 | · | 3.1 | 7.1 | 2.0 | · | 30.9 | · | · | · | 6.8 |
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 | $9M | $10M | · | $9M | $11M | $10M | · | $32M | $33M | $33M | · | $34M | $15M | $14M | · | $13M | |
| Net Income TTM | $-131M | $-147M | · | $-156M | $-166M | $-154M | · | $-124M | $-118M | $-109M | · | $-94M | $-111M | $-100M | · | $-91M | |
| Market Cap | $187M | $184M | · | $218M | $117M | $85M | · | $177M | $148M | $464M | · | $423M | · | · | · | $643M | |
| P/E | -1.3 | -1.2 | · | -1.4 | -0.7 | -0.5 | · | -1.4 | -1.1 | -3.4 | · | -3.2 | -2.3 | -3.2 | · | -6.4 | |
| P/S | 21.3 | 19.2 | · | 23.6 | 11.2 | 8.3 | · | 5.6 | 4.4 | 13.9 | · | 12.4 | · | · | · | 50.6 | |
| P/B | 1.9 | 1.8 | · | 1.5 | 0.7 | 0.4 | · | 0.6 | 0.5 | 1.4 | · | 1.1 | · | · | · | 2.0 | |
| P / Tangible Book | 1.9 | 1.8 | · | 1.5 | 0.7 | 0.4 | · | 0.6 | 0.5 | 1.4 | · | 1.1 | 1.0 | 1.2 | · | 2.0 | |
| P / Cash Flow | · | -6.8 | · | · | · | -2.3 | · | · | · | -12.5 | · | · | · | · | · | · | |
| P / FCF | · | -6.8 | · | · | · | -2.2 | · | · | · | -12.0 | · | · | · | · | · | · | |
| Earnings Yield | -78.4% | -82.6% | · | -72.5% | -143.7% | -185.1% | · | -70.4% | -90.2% | -29.6% | · | -31.4% | -42.8% | -31.3% | · | -15.7% |
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 | $11M | $10M | $34M | $14M | $10M |
| Operating Margin % | -1329.4% | -1667.2% | -336.6% | -768.2% | -697.8% |
| Net Income | $-148M | $-149M | $-102M | $-99M | $-67M |
| Diluted EPS | $-1.59 | $-1.65 | $-1.38 | $-1.64 | $-2.11 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 5.7 | 7.2 | 12.0 | 9.3 | 15.1 |
| Quick Ratio | 0.5 | 0.5 | 1.8 | 2.1 | 9.4 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-112M | $-143M | $-105M | $-97M | $-35M |
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Institutional owners (13F) 149 filers · $60.8M 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 |
|---|---|---|---|---|
| 29 (+3 vs prior Q) | 22 (+11 vs prior Q) | 38 (+5 vs prior Q) | 31 (-5 vs prior Q) | +8.4M |
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 |
|---|---|---|---|---|
| Pfizer Inc | $7,879,924 | 4,690,431 | 12.97% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $7,407,080 | 4,208,568 | 12.19% | Shares |
| MACKENZIE FINANCIAL CORP | $6,425,401 | 3,650,796 | 10.57% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $4,881,439 | 2,773,545 | 8.03% | Shares |
| Kynam Capital Management, LP | $4,405,812 | 2,503,302 | 7.25% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $3,589,256 | 2,038,889 | 5.91% | Shares |
| STATE STREET CORP | $2,873,929 | 1,632,914 | 4.73% | Shares |
| TWO SIGMA INVESTMENTS, LP | $1,841,451 | 1,046,279 | 3.03% | Shares |
| TWO SIGMA ADVISERS, LP | $1,773,963 | 1,115,700 | 2.92% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $1,522,646 | 865,140 | 2.51% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,365,424 | 775,809 | 2.25% | Shares |
| MAVERICK CAPITAL LTD | $1,148,474 | 652,542 | 1.89% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,080,290 | 613,801 | 1.78% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,067,243 | 606,388 | 1.76% | Shares |
| Qube Research & Technologies Ltd | $960,529 | 545,755 | 1.58% | Shares |
| 72 Investment Holdings, LLC | $834,358 | 474,067 | 1.37% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $723,323 | 410,979 | 1.19% | Shares |
| Green Alpha Advisors, LLC | $641,210 | 364,324 | 1.06% | Shares |
| PFM Health Sciences, LP | $624,249 | 354,687 | 1.03% | Shares |
| BANK OF AMERICA CORP /DE/ | $492,297 | 279,714 | 0.81% | Shares |
| XTX Topco Ltd | $473,716 | 269,157 | 0.78% | Shares |
| Bruce & Co., Inc. | $440,000 | 250,000 | 0.72% | Shares |
| Man Group plc | $422,516 | 240,066 | 0.70% | Shares |
| WELLS FARGO & COMPANY/MN | $379,379 | 215,556 | 0.62% | Shares |
| MILESTONE ASSET MANAGEMENT, LLC | $352,150 | 200,085 | 0.58% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $305,140 | 173,375 | 0.50% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $291,129 | 165,414 | 0.48% | Shares |
| Susquehanna Portfolio Strategies, LLC | $279,131 | 158,597 | 0.46% | Shares |
| Graham Capital Management, L.P. | $274,409 | 155,914 | 0.45% | Shares |
| AMERICAN CENTURY COMPANIES INC | $247,421 | 140,580 | 0.41% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $232,320 | 132,000 | 0.38% | Shares |
| Nuveen, LLC | $217,388 | 123,516 | 0.36% | Shares |
| CITADEL ADVISORS LLC | $217,008 | 123,300 | 0.36% | Call option |
| Cubist Systematic Strategies, LLC | $216,135 | 92,762 | 0.36% | Shares |
| LPL Financial LLC | $216,082 | 122,774 | 0.36% | Shares |
| NANO CAP NEW MILLENNIUM GROWTH FUND L P | $206,800 | 117,500 | 0.34% | Shares |
| DEUTSCHE BANK AG\ | $157,652 | 89,575 | 0.26% | Shares |
| Quadrature Capital Ltd | $156,603 | 88,979 | 0.26% | Shares |
| BlackRock, Inc. | $154,524 | 87,798 | 0.25% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $142,736 | 81,100 | 0.23% | Shares |
| Keystone Financial Group | $142,252 | 80,825 | 0.23% | Shares |
| Bank of New York Mellon Corp | $140,327 | 79,731 | 0.23% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $124,777 | 70,896 | 0.21% | Shares |
| RHUMBLINE ADVISERS | $120,681 | 68,571 | 0.20% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $120,032 | 68,200 | 0.20% | Call option |
| Nelson Capital Management, LLC | $103,286 | 58,685 | 0.17% | Shares |
| Nuveen Asset Management, LLC | $102,339 | 64,364 | 0.17% | Shares |
| GOLDMAN SACHS GROUP INC | $99,083 | 56,297 | 0.16% | Shares |
| CITIGROUP INC | $98,579 | 56,011 | 0.16% | Shares |
| MILLENNIUM MANAGEMENT LLC | $90,061 | 51,171 | 0.15% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $84,320 | 47,908 | 0.14% | Shares |
| JANE STREET GROUP, LLC | $80,432 | 45,700 | 0.13% | Put option |
| SEI INVESTMENTS CO | $73,813 | 41,939 | 0.12% | Shares |
| BARCLAYS PLC | $71,240 | 40,477 | 0.12% | Shares |
| CITADEL ADVISORS LLC | $71,130 | 40,415 | 0.12% | Shares |
| ALLIANCEBERNSTEIN L.P. | $70,452 | 37,080 | 0.12% | Shares |
| RBF Capital, LLC | $70,400 | 40,000 | 0.12% | Shares |
| Point72 Asia (Singapore) Pte. Ltd. | $69,102 | 29,658 | 0.11% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $68,867 | 39,129 | 0.11% | Shares |
| JANE STREET GROUP, LLC | $66,704 | 37,900 | 0.11% | Call option |
| Invesco Ltd. | $64,449 | 36,619 | 0.11% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $62,503 | 35,513 | 0.10% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $62,304 | 35,400 | 0.10% | Shares |
| HSBC HOLDINGS PLC | $61,856 | 34,460 | 0.10% | Shares |
| Vanguard Personalized Indexing Management, LLC | $61,098 | 34,715 | 0.10% | Shares |
| PRUDENTIAL FINANCIAL INC | $60,500 | 34,375 | 0.10% | Shares |
| US BANCORP \DE\ | $60,306 | 34,265 | 0.10% | Shares |
| CITADEL ADVISORS LLC | $60,016 | 34,100 | 0.10% | Put option |
| &PARTNERS | $57,209 | 32,505 | 0.09% | Shares |
| Prime Capital Investment Advisors, LLC | $56,874 | 32,315 | 0.09% | Shares |
| Thrive Wealth Management, LLC | $56,320 | 32,000 | 0.09% | Shares |
| MORGAN STANLEY | $54,342 | 30,876 | 0.09% | Shares |
| JANE STREET GROUP, LLC | $53,383 | 30,331 | 0.09% | Shares |
| AMERIPRISE FINANCIAL INC | $51,797 | 29,430 | 0.09% | Shares |
| Vanguard Global Advisers, LLC | $51,218 | 29,101 | 0.08% | Shares |
| CREDIT AGRICOLE S A | $51,040 | 29,000 | 0.08% | Shares |
| Police & Firemen's Retirement System of New Jersey | $47,668 | 27,084 | 0.08% | Shares |
| VANGUARD GROUP INC | $46,271 | 29,101 | 0.08% | Shares |
| Creative Planning | $44,880 | 25,500 | 0.07% | Shares |
| Spark Investment Management LLC | $41,536 | 23,600 | 0.07% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $41,297 | 23,464 | 0.07% | Shares |
| MARSHALL WACE, LLP | $40,079 | 22,773 | 0.07% | Shares |
| LIBERTY WEALTH MANAGEMENT LLC | $37,050 | 19,500 | 0.06% | Shares |
| Next Capital Management LLC | $35,200 | 20,000 | 0.06% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $34,971 | 19,870 | 0.06% | Shares |
| FMR LLC | $30,034 | 17,065 | 0.05% | Shares |
| HighTower Advisors, LLC | $29,804 | 16,934 | 0.05% | Shares |
| China Universal Asset Management Co., Ltd. | $27,782 | 15,785 | 0.05% | Shares |
| Point72 Asset Management, L.P. | $27,753 | 15,769 | 0.05% | Shares |
| ProShare Advisors LLC | $26,890 | 15,279 | 0.04% | Shares |
| Modern Wealth Management, LLC | $26,400 | 15,000 | 0.04% | Shares |
| NORTHERN TRUST CORP | $25,221 | 14,330 | 0.04% | Shares |
| GREAT VALLEY ADVISOR GROUP, INC. | $25,160 | 14,314 | 0.04% | Shares |
| PINNACLE ASSOCIATES LTD | $22,709 | 12,903 | 0.04% | Shares |
| Pinnacle Wealth Management Advisory Group, LLC | $22,709 | 12,903 | 0.04% | Shares |
| AXQ CAPITAL, LP | $21,558 | 12,249 | 0.04% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $21,191 | 11,008 | 0.03% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $20,592 | 11,700 | 0.03% | Put option |
| FSA Wealth Management LLC | $20,108 | 8,630 | 0.03% | Shares |
| HBK Sorce Advisory LLC | $19,874 | 12,344 | 0.03% | Shares |
Company insiders 15 insiders · 6 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Rachel E. Haurwitz | President and CEO | May 9, 2022 M | 20,000 | 0 | 0 | $0 |
| Jason O'Byrne | Chief Financial Officer | Feb. 8, 2022 M | 24,336 | 0 | 0 | $0 |
| Steven Kanner | Chief Scientific Officer | Aug. 25, 2022 M | 302,059 | 0 | 0 | $0 |
| Ruhi Ahmad Khan | Chief Business Officer | Aug. 22, 2022 A | — | 0 | 0 | $0 |
| Ryan Fischesser | VP of Finance and Controller | Aug. 22, 2022 A | 120,366 | 0 | 0 | $0 |
| Syed Ali-Aamir Rizvi | Chief Medical Officer | Jan. 25, 2022 A | 65,000 | 0 | 0 | $0 |
| David Lee Johnson | Director | May 18, 2022 A | — | 0 | 0 | $0 |
| Ran Zheng | Director | Dec. 20, 2021 A | — | 0 | 0 | $0 |
| Nancy Whiting | Director | Dec. 20, 2021 A | — | 0 | 0 | $0 |
| Natalie Sacks | Director | Dec. 20, 2021 A | — | 0 | 0 | $0 |
| Scott Braunstein | Director | Dec. 20, 2021 A | — | 0 | 0 | $0 |
| Dara Richardson-Heron | Director | Nov. 11, 2021 A | — | 0 | 0 | $0 |
| Barbara G Mcclung | — | Feb. 20, 2026 A | 481,564 | 0 | 1 | $-13,598 |
| Andrew Guggenhime | — | Feb. 20, 2026 A | — | 0 | 0 | $0 |
| FMR LLC | — | July 27, 2021 C | 1,464,775 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
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 |
|---|---|---|---|---|---|
| The City Canyon Family Trust dated May 31, 2021, Rachel E. Haurwitz, Felix Adler ×3 filings | April 25, 2025 | 5.00% | 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 20 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 |
|---|---|---|---|---|
| GNOM · Global X Funds | 0.29% | 68,184 NS | May 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.09% | 165,499 SH | Aug. 8, 2026 | Daily |
| IWC · iShares Trust | 0.03% | 308,420 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.01% | 133,553 NS | May 31, 2026 | N-PORT |
| IBB · iShares Trust | 0.01% | 649,654 SH | Aug. 8, 2026 | Daily |
| BIB · ProShares Trust | 0.01% | 3,454 NS | May 31, 2026 | N-PORT |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.01% | 5,348 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 79,869 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.01% | 872,357 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.00% | 82,261 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.00% | 2,246,082 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.00% | 425,172 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 217,292 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 9,000 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 95,887 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 78,996 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 1,113,215 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,013,973 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.00% | 524,917 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 9,015 SH | Aug. 8, 2026 | Daily |