ELTX Elicio Therapeutics, Inc. - Common Stock
$3.06
Price · Aug 19, 2026
Fundamentals as of Aug 13, 2026
52W Range
$3–$16
3% of range
Analyst Rating
BUY
10 analysts
Price Target
$20
+554% upside
P/E (TTM)
-3.1
ROE
—
Net Profit Margin
—
ELTX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$3.06
Market Cap
—
P/E (TTM)
-3.1
EPS (TTM)
$-2.58
Revenue (TTM)
—
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$3 – $16
ELTX 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
—
2020-12-31
→
2022-12-31
EPS
$-2.58
2020-12-31
→
2025-12-31
Free Cash Flow
—
2021-12-31
→
2024-12-31
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
ELTX
Peer Median
P/E (TTM)
-3.1
4.7
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
ELTX
Peer Median
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
ELTX
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
ELTX
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
ELTX
Peer Median
ELTX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
10 analysts
- Strong Buy 3 30.0%
- Buy 5 50.0%
- Hold 2 20.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
3 analysts · 2026-08-15
Median
$23.00
Mean
$20.00
← Below all targets
$3.06
Low
$10.00
High
$27.00
Median target
$23.00
+651.6%
Mean target
$20.00
+553.6%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.04%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-0.65 | $-0.47 | -0.18% |
| Dec. 31, 2025 | $-0.45 | $-0.45 | 0.00% |
| Sept. 30, 2025 | $-0.60 | $-0.56 | -0.04% |
| June 30, 2025 | $-0.66 | $-0.70 | 0.04% |
| March 31, 2025 | $-0.87 | $-0.85 | -0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ELTX | — | -3.1 | — | — | — | — |
| ACRV | $76M | -1.2 | — | — | -61.0% | — |
| ATRA | $132M | 7.0 | -6.3% | 27.1% | -88.9% | — |
| ACET | — | -0.5 | — | — | — | — |
| SERA | — | -4.4 | 5.2% | -39417.3% | -39.0% | — |
| FRMM | — | — | — | -6881.3% | -368.1% | — |
| ANVS | $94M | -2.5 | — | — | -164.0% | — |
| CYPH | $97M | 16.6 | — | — | 6.1% | — |
| NMAD | — | — | — | — | — | — |
| IBIO | $15M | -0.4 | 77.8% | -4594.2% | -101.5% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | · | · | · | $2M | $28M | $3M | |
| Cost of Revenue | · | · | · | $0 | $433.0K | $1M | |
| R&D Expense | $25M | $34M | $24M | $18M | $49M | $39M | |
| SG&A Expense | $13M | $11M | $12M | $6M | $18M | $18M | |
| Operating Expenses | $38M | $45M | $36M | $24M | $68M | $58M | |
| Operating Income | $-38M | $-45M | $-36M | $-24M | $-39M | $-55M | |
| Interest Expense | · | · | $1M | $4M | · | · | |
| Other Non-op | $-2M | $-7M | $550.0K | $-4M | $-15M | $-25M | |
| Pretax Income | $-40M | $-52M | · | $-39M | $-55M | $-80M | |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Income | $-40M | $-52M | $-35M | $-28M | $-55M | $-80M | |
| EPS (Basic) | $-2.58 | $-4.25 | $-6.96 | $-89.27 | $-1.93 | $-5.43 | |
| EPS (Diluted) | $-2.58 | $-4.25 | $-6.96 | $-89.27 | $-1.93 | $-5.43 | |
| Shares (Basic) | 15,312,751 | 12,202,996 | 5,056,225 | 315,998 | 28,244,825 | 14,762,120 | |
| Shares (Diluted) | 15,312,751 | 12,202,996 | 5,056,225 | 315,998 | 28,244,825 | 14,762,120 | |
| EBITDA | · | $-45M | · | · | $-39M | · |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $19M | $18M | $13M | $6M | $89M | $35M | |
| Receivables | · | · | · | $0 | · | · | |
| Prepaid Expense | $748.0K | $2M | $3M | $3M | $2M | $8M | |
| Other Current Assets | · | · | · | $246.0K | $498.0K | $360.0K | |
| Current Assets | $19M | $21M | $16M | $11M | $91M | $42M | |
| PP&E (Net) | $295.0K | $483.0K | $717.0K | $1M | $451.0K | $156.0K | |
| PP&E (Gross) | $2M | $2M | $2M | $2M | $968.0K | $582.0K | |
| Accum. Depreciation | $2M | $2M | $1M | $1M | $517.0K | $426.0K | |
| Other Non-current Assets | · | · | · | $61.0K | $106.0K | $0 | |
| Total Assets | $26M | $28M | $27M | $23M | $97M | $47M | |
| Accounts Payable | $672.0K | $1M | $4M | $3M | $5M | $6M | |
| Accrued Liabilities | $6M | $8M | $4M | $2M | $3M | $7M | |
| Current Liabilities | $8M | $12M | $10M | $7M | $11M | $107M | |
| Capital Leases | $4M | $5M | $6M | $7M | $3M | $4M | |
| Other Non-current Liabilities | · | · | · | · | $0 | · | |
| Total Liabilities | $24M | $39M | $16M | $14M | $15M | $138M | |
| Long-term Debt | $10M | · | · | · | · | · | |
| Total Debt | · | · | · | · | $0 | · | |
| Common Stock | $178.0K | $110.0K | $96.0K | $3.0K | $300.0K | $156.0K | |
| Paid-in Capital | $235M | $183M | $154M | $5M | $296M | $72M | |
| Retained Earnings | $-234M | $-194M | $-142M | $-107M | $-215M | $-161M | |
| Treasury Stock | $150.0K | $150.0K | $150.0K | $0 | $0 | $2M | |
| AOCI | $-127.0K | $-175.0K | $-197.0K | $0 | $-103.0K | $-333.0K | |
| Stockholders' Equity | $2M | $-11M | $11M | $-102M | $-75M | $-90M | |
| Liabilities + Equity | $26M | $28M | $27M | $23M | $97M | $47M | |
| Shares Outstanding | 17,800,307 | 11,043,837 | 9,618,178 | 320,281 | 310,200 | 15,632,809 |
Cash Flow 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Stock-based Comp | $3M | $1M | $1M | $579.0K | $12M | $5M | |
| Deferred Tax | · | $0 | $0 | $0 | $0 | $0 | |
| Restructuring | · | · | · | $9M | · | · | |
| Operating Cash Flow | $-37M | $-37M | $-33M | $-22M | $-53M | $-23M | |
| CapEx | $16.0K | $87.0K | $66.0K | $654.0K | $382.0K | $41.0K | |
| Investing Cash Flow | $-16.0K | $-84.0K | $-32.0K | $-654.0K | $-382.0K | $-41.0K | |
| Stock Issued | $16M | $5M | $7M | · | $107M | $-522.0K | |
| Net Stock Activity | · | $5M | · | · | $107M | · | |
| Financing Cash Flow | $37M | $42M | $39M | $21M | $107M | $52M | |
| Net Change in Cash | $-225.0K | $5M | $6M | $-2M | $54M | $29M | |
| Free Cash Flow | · | $-37M | · | · | $-53M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | · | -138.8% | · | |
| Net Margin | · | · | · | · | -192.8% | · | |
| Pretax Margin | · | · | · | · | -192.8% | · | |
| EBITDA Margin | · | · | · | · | -138.8% | · | |
| ROA | · | -187.6% | · | · | -75.9% | · | |
| ROE | · | 342.6% | · | · | -74.8% | · | |
| ROIC | · | · | · | · | -48.2% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | · | 1.8 | · | · | 8.1 | · | |
| Quick Ratio | · | 1.5 | · | · | 7.9 | · | |
| Debt / Equity | · | · | · | · | 0.0 | · | |
| LT Debt / Equity | · | · | · | · | 0.0 | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | · | · | 0.4 | · |
Growth Rates 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | · | · | · | -91.9% | 883.1% | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $2M | $2M | $2M | $2M | $28M | $3M | |
| Net Income TTM | $-40M | $-52M | $-35M | $-28M | $-55M | $-80M | |
| Market Cap | · | $56M | · | · | $869M | · | |
| Enterprise Value | · | · | · | · | $780M | · | |
| P/E | -3.1 | -1.2 | -1.2 | -0.1 | -15.0 | · | |
| P/S | · | 24.4 | · | · | 30.7 | · | |
| P/B | · | -5.0 | · | · | 10.7 | · | |
| P / Tangible Book | 86.6 | · | 7.0 | · | · | · | |
| P / Cash Flow | · | -1.5 | · | · | -16.5 | · | |
| P / FCF | · | -1.5 | · | · | -16.4 | · | |
| EV / EBITDA | · | · | · | · | -19.8 | · | |
| EV / FCF | · | · | · | · | -14.7 | · | |
| EV / Revenue | · | · | · | · | 27.6 | · | |
| Earnings Yield | -32.4% | -83.3% | -83.5% | -1099.4% | -6.7% | · |
Income Statement 15
| 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 | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | · | $0 | |
| R&D Expense | $7M | $7M | $5M | $5M | $7M | $8M | $11M | $7M | $8M | $8M | $6M | $7M | $5M | $5M | $-3M | $5M | |
| SG&A Expense | $4M | $4M | $4M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $3M | $2M | $-1M | $1M | |
| Operating Expenses | $10M | $11M | $9M | $8M | $10M | $11M | $13M | $10M | $11M | $10M | $9M | $11M | $8M | $8M | $-4M | $6M | |
| Operating Income | $-10M | $-11M | $-9M | $-8M | $-10M | $-11M | $-13M | $-10M | $-11M | $-10M | $-9M | $-11M | $-8M | $-8M | $3M | $-6M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $36.0K | · | $1.0K | $714.0K | $342.0K | $92.0K | $1M | |
| Interest Income | $138.0K | $157.0K | · | $199.0K | $168.0K | $210.0K | · | $185.0K | $137.0K | · | · | $246.0K | $39.0K | · | · | · | |
| Other Non-op | $2M | $-1M | $1M | $-2M | $-470.0K | $-473.0K | $-527.0K | $-8M | $4M | $-2M | $443.0K | $113.0K | $218.0K | $-224.0K | $-2M | $-1M | |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Income | $-8M | $-12M | $-8M | $-10M | $-11M | $-11M | $-14M | $-19M | $-7M | $-12M | $-9M | $-11M | $-8M | $-8M | $-7M | $-7M | |
| EPS (Basic) | $-0.43 | $-0.65 | $-0.45 | $-0.60 | $-0.66 | $-0.87 | $-1.07 | $-1.39 | $-0.64 | $-1.15 | $21.69 | $-1.27 | $-2.61 | $-24.77 | $-42.92 | $-22.67 | |
| EPS (Diluted) | $-0.43 | $-0.65 | $-0.45 | $-0.60 | $-0.66 | $-0.87 | $-1.07 | $-1.39 | $-0.64 | $-1.15 | $21.69 | $-1.27 | $-2.61 | $-24.77 | $-42.92 | $-22.67 | |
| Shares (Basic) | 19,244,679 | 18,211,745 | -30,389,722 | 16,692,476 | 16,059,423 | 12,950,574 | -22,938,127 | 13,582,345 | 11,284,853 | 10,273,925 | -6,537,509 | 8,376,384 | 2,893,244 | 324,106 | -30,275,337 | 317,512 | |
| Shares (Diluted) | 19,244,679 | 18,211,745 | -30,389,722 | 16,692,476 | 16,059,423 | 12,950,574 | -22,938,127 | 13,582,345 | 11,284,853 | 10,273,925 | -6,537,509 | 8,376,384 | 2,893,244 | 324,106 | -30,275,337 | 317,512 | |
| EBITDA | $-10M | $-11M | · | $-8M | $-10M | $-11M | · | $-10M | $-11M | $-10M | · | $-11M | $-8M | $-5M | · | $-9M |
Balance Sheet 25
| 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 | $23M | $15M | $19M | $21M | $22M | $18M | $18M | $26M | $3M | $12M | $13M | $15M | $22M | $29M | $6M | $55M | |
| Receivables | · | · | · | · | · | · | · | · | · | · | · | · | · | $10M | · | · | |
| Prepaid Expense | $2M | $1M | $748.0K | $854.0K | $510.0K | $2M | $2M | $3M | $3M | $2M | $3M | $3M | $5M | $2M | $3M | $2M | |
| Other Current Assets | · | · | · | · | · | · | · | · | · | · | · | · | · | $405.0K | · | $326.0K | |
| Current Assets | $25M | $16M | $19M | $21M | $23M | $21M | $21M | $31M | $7M | $14M | $16M | $20M | $26M | $41M | $11M | $57M | |
| PP&E (Net) | $213.0K | $249.0K | $295.0K | $328.0K | $377.0K | $430.0K | $483.0K | $523.0K | $597.0K | $635.0K | $717.0K | $772.0K | $919.0K | $0 | $1M | $304.0K | |
| PP&E (Gross) | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $0 | $2M | $968.0K | |
| Accum. Depreciation | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $1M | $1M | $0 | $1M | $664.0K | |
| Other Non-current Assets | · | · | · | · | · | · | · | · | · | · | · | · | · | $864.0K | · | $75.0K | |
| Total Assets | $31M | $23M | $26M | $28M | $30M | $28M | $28M | $38M | $16M | $24M | $27M | $31M | $38M | $42M | $23M | $61M | |
| Accounts Payable | $839.0K | $272.0K | $672.0K | $321.0K | $4M | $4M | $1M | $2M | $1M | $1M | $4M | $4M | $4M | $692.0K | $3M | $2M | |
| Accrued Liabilities | $7M | $6M | $6M | $5M | $5M | $6M | $8M | $5M | $5M | $3M | $4M | $4M | $2M | $1M | $2M | $5M | |
| Current Liabilities | $9M | $7M | $8M | $7M | $10M | $11M | $12M | $9M | $8M | $6M | $10M | $11M | $8M | $2M | $7M | $8M | |
| Capital Leases | $4M | $4M | $4M | $4M | $5M | $5M | $5M | $5M | $6M | $6M | $6M | $6M | $6M | $70.0K | $7M | $3M | |
| Total Liabilities | $23M | $24M | $24M | $24M | $28M | $19M | $39M | $57M | $17M | $20M | $16M | $18M | $14M | $2M | $14M | $11M | |
| Long-term Debt | · | · | $10M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Debt | $10M | $9M | · | $10M | $9M | · | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | $219.0K | $186.0K | $178.0K | $173.0K | $163.0K | $160.0K | $110.0K | $108.0K | $103.0K | $102.0K | $96.0K | $84.0K | $84.0K | $301.0K | $3.0K | $301.0K | |
| Paid-in Capital | $262M | $244M | $235M | $230M | $218M | $214M | $183M | $161M | $160M | $159M | $154M | $147M | $146M | $298M | $5M | $297M | |
| Retained Earnings | $-254M | $-245M | $-234M | $-226M | $-216M | $-205M | $-194M | $-180M | $-161M | $-154M | $-142M | $-133M | $-123M | $-258M | $-107M | $-248M | |
| Treasury Stock | $150.0K | $150.0K | $150.0K | $150.0K | $150.0K | $150.0K | $150.0K | $150.0K | $150.0K | $150.0K | $150.0K | $150.0K | $150.0K | · | $0 | · | |
| AOCI | $-126.0K | $-122.0K | $-127.0K | $-31.0K | $-70.0K | $-144.0K | $-175.0K | $-202.0K | $-238.0K | $-270.0K | $-197.0K | $-25.0K | $-2.0K | $165.0K | $0 | $302.0K | |
| Stockholders' Equity | $8M | $-1M | $2M | $4M | $2M | $9M | $-11M | $-19M | $-2M | $5M | $11M | $13M | $24M | $40M | $-102M | $50M | |
| Liabilities + Equity | $31M | $23M | $26M | $28M | $30M | $28M | $28M | $38M | $16M | $24M | $27M | $31M | $38M | $42M | $23M | $61M | |
| Shares Outstanding | 21,901,569 | 18,639,895 | 17,800,307 | 17,258,652 | 16,262,932 | 15,968,736 | 11,029,382 | 10,784,377 | 10,258,873 | 10,219,989 | 9,603,723 | 8,378,361 | 8,370,268 | 30,114,190 | 320,281 | 30,113,582 |
Cash Flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $935.0K | $868.0K | $772.0K | $698.0K | $710.0K | $517.0K | $464.0K | $314.0K | $350.0K | $324.0K | $337.0K | $339.0K | $151.0K | $224.0K | $199.0K | $-1M | |
| Restructuring | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $3M | |
| Operating Cash Flow | $-8M | $-12M | $-7M | $-11M | $-9M | $-10M | $-9M | $-7M | $-9M | $-12M | $-10M | $-5M | $-10M | $-8M | $-7M | $11M | |
| CapEx | · | · | $16.0K | $0 | · | · | $45.0K | $0 | $42.0K | $0 | $0 | $45.0K | $4.0K | $17.0K | $95.0K | $559.0K | |
| Investing Cash Flow | · | · | $-16.0K | $0 | $0 | $0 | $-45.0K | $0 | $-42.0K | $3.0K | $0 | $-45.0K | $10M | $-17.0K | $-95.0K | $-559.0K | |
| Stock Issued | · | · | · | · | $2M | $835.0K | $-858.0K | $48.0K | $303.0K | $5M | $7M | $0 | $0 | $0 | · | $0 | |
| Net Stock Activity | · | · | · | · | · | $835.0K | · | · | · | $5M | · | · | · | · | · | · | |
| Financing Cash Flow | $17M | $8M | $5M | $10M | $12M | $10M | $227.0K | $31M | $316.0K | $11M | $7M | $60.0K | $35M | $10M | $11M | $10M | |
| Net Change in Cash | $8M | $-4M | $-2M | $-1M | $3M | $240.0K | $-9M | $24M | $-9M | $-1M | $-3M | $-5M | $35M | $2M | $4M | $20M | |
| Free Cash Flow | · | · | · | · | · | · | · | · | · | $-12M | · | · | · | · | · | · |
Profitability 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -27.0% | -46.5% | · | -30.2% | -46.7% | -42.6% | · | -54.3% | -27.1% | -35.7% | · | -23.1% | -13.9% | -7.4% | · | -10.5% | |
| ROE | -168.2% | -316.7% | · | 132.9% | -11605.5% | -162.8% | · | 661.0% | -66.0% | -53.1% | · | -33.6% | -18.1% | -8.5% | · | -15.7% |
Liquidity & Solvency 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.8 | 2.2 | · | 3.3 | 2.3 | 1.8 | · | 3.4 | 0.9 | 2.4 | · | 1.7 | 3.5 | 20.0 | · | 6.9 | |
| Quick Ratio | 2.6 | 2.1 | · | 3.2 | 2.2 | 1.6 | · | 2.9 | 0.5 | 2.0 | · | 1.3 | 2.9 | 19.2 | · | 6.7 | |
| Debt / Equity | 1.2 | -6.6 | · | 2.5 | 5.1 | · | · | · | · | · | · | · | · | · | · | · | |
| LT Debt / Equity | 1.2 | -6.6 | · | 2.5 | 5.1 | · | · | · | · | · | · | · | · | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -284.5 | · | -10771.0 | -10.9 | · | · | · |
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 | |
| Receivables Turnover | · | · | · | · | · | · | · | · | · | · | · | · | · | 0.0 | · | · |
Valuation (TTM) 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 TTM | $2M | $2M | · | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $4M | |
| Net Income TTM | $-41M | $-44M | · | $-51M | $-48M | $-49M | · | $-49M | $-37M | $-38M | · | $-33M | $-30M | $-30M | · | $-37M | |
| Market Cap | $86M | $199M | · | $189M | $126M | $98M | · | $54M | $42M | $78M | · | $71M | $80M | $175M | · | $277M | |
| Enterprise Value | $72M | $194M | · | $178M | $113M | · | · | · | · | · | · | · | · | · | · | · | |
| P/E | -1.7 | -3.8 | · | -3.1 | -2.2 | -1.5 | · | -1.1 | -0.7 | -0.3 | · | -0.2 | -0.1 | -0.1 | · | -0.2 | |
| P/S | 37.2 | 86.6 | · | 82.1 | 54.6 | 42.7 | · | 23.6 | 18.3 | 33.8 | · | 30.8 | 34.6 | 75.9 | · | 73.7 | |
| P/B | 10.8 | -138.7 | · | 49.5 | 68.5 | 11.0 | · | -2.9 | -25.5 | 15.9 | · | 5.3 | 3.4 | 4.4 | · | 5.5 | |
| P / Tangible Book | 10.8 | · | · | 49.5 | 68.5 | 11.0 | · | · | · | 15.9 | · | 5.3 | 3.4 | 4.4 | · | 5.5 | |
| P / Cash Flow | · | -17.1 | · | · | · | -9.7 | · | · | · | -6.4 | · | · | · | -21.6 | · | · | |
| P / FCF | · | · | · | · | · | · | · | · | · | -6.4 | · | · | · | · | · | · | |
| EV / EBITDA | -6.9 | -18.3 | · | -22.1 | -11.2 | · | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 31.2 | 84.2 | · | 77.3 | 49.0 | · | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | -59.9% | -26.0% | · | -32.2% | -46.1% | -65.8% | · | -88.5% | -138.0% | -392.1% | · | -607.3% | -771.0% | -1226.2% | · | -509.6% |
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 | — | — | — | $2M | $28M |
| Operating Margin % | — | — | — | — | -138.8% |
| Net Income | $-40M | $-52M | $-35M | $-28M | $-55M |
| Diluted EPS | $-2.58 | $-4.25 | $-6.96 | $-89.27 | $-1.93 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 0.0 |
| Current Ratio | — | 1.8 | — | — | 8.1 |
| Quick Ratio | — | 1.5 | — | — | 7.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | — | $-37M | — | — | $-53M |
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Institutional owners (13F) 68 filers · $21.7M 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 (+19 vs prior Q) | 22 (+15 vs prior Q) | 13 (+1 vs prior Q) | 7 (-2 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 |
|---|---|---|---|---|
| Knoll Capital Management, LLC | $4,738,751 | 1,211,957 | 21.81% | Shares |
| VANGUARD GROUP INC | $3,369,436 | 423,296 | 15.50% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $2,237,110 | 572,151 | 10.29% | Shares |
| Caption Management, LLC | $1,634,771 | 418,100 | 7.52% | Call option |
| GEODE CAPITAL MANAGEMENT, LLC | $1,042,134 | 266,474 | 4.80% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $709,274 | 181,400 | 3.26% | Call option |
| STATE STREET CORP | $701,532 | 179,420 | 3.23% | Shares |
| Caption Management, LLC | $647,887 | 165,700 | 2.98% | Put option |
| JANE STREET GROUP, LLC | $600,576 | 153,600 | 2.76% | Put option |
| CITADEL ADVISORS LLC | $524,722 | 134,200 | 2.41% | Call option |
| DIADEMA PARTNERS LP | $438,311 | 112,100 | 2.02% | Call option |
| Ikarian Capital, LLC | $418,761 | 107,100 | 1.93% | Call option |
| Ikarian Capital, LLC | $418,761 | 107,100 | 1.93% | Put option |
| Ikarian Capital, LLC | $391,000 | 100,000 | 1.80% | Shares |
| DIADEMA PARTNERS LP | $391,000 | 100,000 | 1.80% | Put option |
| TORONTO DOMINION BANK | $391,000 | 100,000 | 1.80% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $352,291 | 90,100 | 1.62% | Put option |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $347,619 | 88,905 | 1.60% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $344,322 | 88,062 | 1.58% | Shares |
| ALLIANCEBERNSTEIN L.P. | $317,805 | 81,280 | 1.46% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $126,684 | 32,400 | 0.58% | Call option |
| BOOTHBAY FUND MANAGEMENT, LLC | $126,684 | 32,400 | 0.58% | Put option |
| JANE STREET GROUP, LLC | $126,684 | 32,400 | 0.58% | Call option |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $123,970 | 31,706 | 0.57% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $119,998 | 30,690 | 0.55% | Shares |
| Leonteq Securities AG | $78,200 | 20,000 | 0.36% | Shares |
| Nuveen, LLC | $69,942 | 17,888 | 0.32% | Shares |
| CITIGROUP INC | $66,384 | 16,978 | 0.31% | Shares |
| Bank of New York Mellon Corp | $62,099 | 15,882 | 0.29% | Shares |
| CITADEL ADVISORS LLC | $58,650 | 15,000 | 0.27% | Put option |
| NEW YORK STATE COMMON RETIREMENT FUND | $55,522 | 14,200 | 0.26% | Shares |
| MEYER HANDELMAN CO | $54,345 | 13,899 | 0.25% | Shares |
| HighTower Advisors, LLC | $53,434 | 13,666 | 0.25% | Shares |
| DEUTSCHE BANK AG\ | $49,469 | 12,652 | 0.23% | Shares |
| CIBC Private Wealth Group LLC | $42,560 | 7,000 | 0.20% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $41,663 | 11,972 | 0.19% | Shares |
| RAYMOND JAMES FINANCIAL INC | $41,055 | 10,500 | 0.19% | Shares |
| HB Wealth Management, LLC | $40,910 | 10,463 | 0.19% | Shares |
| Summit Financial, LLC | $39,120 | 10,005 | 0.18% | Shares |
| Mayflower Financial Advisors, LLC | $39,100 | 10,000 | 0.18% | Shares |
| MOODY LYNN LIEBERSON & WALKER, LLC | $39,100 | 10,000 | 0.18% | Shares |
| &PARTNERS | $39,100 | 10,000 | 0.18% | Shares |
| RHUMBLINE ADVISERS | $26,119 | 6,681 | 0.12% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $23,331 | 5,967 | 0.11% | Shares |
| JPMORGAN CHASE & CO | $21,488 | 5,372 | 0.10% | Shares |
| Tower Research Capital LLC (TRC) | $20,668 | 5,286 | 0.10% | Shares |
| Persistent Asset Partners Ltd | $17,850 | 255 | 0.08% | Put option |
| Vanguard Global Advisers, LLC | $17,267 | 4,416 | 0.08% | Shares |
| MORGAN STANLEY | $13,505 | 3,454 | 0.06% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $12,551 | 3,210 | 0.06% | Shares |
| BlackRock, Inc. | $10,979 | 2,808 | 0.05% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $8,102 | 2,072 | 0.04% | Shares |
| Steward Partners Investment Advisory, LLC | $7,910 | 2,023 | 0.04% | Shares |
| NORTHERN TRUST CORP | $7,777 | 1,989 | 0.04% | Shares |
| BARCLAYS PLC | $6,944 | 1,776 | 0.03% | Shares |
| Legal & General Group Plc | $5,212 | 1,333 | 0.02% | Shares |
| Ameritas Investment Partners, Inc. | $4,598 | 1,176 | 0.02% | Shares |
| Russell Investments Group, Ltd. | $4,039 | 1,033 | 0.02% | Shares |
| UBS Group AG | $3,910 | 1,000 | 0.02% | Shares |
| Farther Finance Advisors, LLC | $3,703 | 947 | 0.02% | Shares |
| ROYAL BANK OF CANADA | $2,000 | 443 | 0.01% | Shares |
| SBI Securities Co., Ltd. | $716 | 183 | 0.00% | Shares |
| FMR LLC | $485 | 124 | 0.00% | Shares |
| NATIONAL BANK OF CANADA /FI/ | $391 | 100 | 0.00% | Shares |
| Sterling Capital Management LLC | $180 | 46 | 0.00% | Shares |
| PRICE T ROWE ASSOCIATES INC /MD/ | $42 | 10,586 | 0.00% | Shares |
| Persistent Asset Partners Ltd | $15 | 1 | 0.00% | Call option |
| WELLS FARGO & COMPANY/MN | $4 | 1 | 0.00% | Shares |
Company insiders 13 insiders · 5 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Robert Connelly | CEO, President and Director | July 16, 2026 A | — | 0 | 0 | $0 |
| Brian Piekos | Chief Financial Officer | Feb. 1, 2024 A | — | 0 | 0 | $0 |
| Peter Demuth | Chief Scientific Officer | July 16, 2026 A | — | 0 | 0 | $0 |
| Preetam Shah | Chief Strategy and Financial Officer | July 16, 2026 A | — | 0 | 0 | $0 |
| Christopher Haqq | Executive Vice President, Head of R&D and Chief Medical Officer | July 16, 2026 A | — | 0 | 0 | $0 |
| Jay Venkatesan | Director | June 28, 2024 P | — | 0 | 0 | $0 |
| Yekaterina Chudnovsky | Director | Dec. 28, 2023 A | — | 0 | 0 | $0 |
| Carol Gail Ashe | Director | Dec. 28, 2023 A | — | 0 | 0 | $0 |
| Allen Nissenson | Director | Dec. 28, 2023 A | — | 0 | 0 | $0 |
| Karen J Wilson | Director | Dec. 28, 2023 A | — | 0 | 0 | $0 |
| Julian Adams | Director | Dec. 28, 2023 A | — | 0 | 0 | $0 |
| Robert R Ruffolo | Director | Dec. 28, 2023 A | — | 0 | 0 | $0 |
| EISA-ABC LLC | 10% owner | Aug. 31, 2021 J | 2,740,978 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 5 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 |
|---|---|---|---|---|---|
| GKCC, LLC, Yekaterina Chudnovsky | June 4, 2025 | 48.00% | Amendment | — | SEC |
| Yekaterina Chudnovsky, GKCC, LLC ×6 filings | March 7, 2025 | 48.10% | Amendment | — | SEC |
| Access Industries Holdings LLC, Access Industries, LLC, Access Industries Management, LLC, Clal Industries Ltd., Clal Biotechnology Industries Ltd., Len Blavatnik ×5 filings | April 10, 2024 | — | Initial filing | — | SEC |
| Jay R. Venkatesan, M.D. | June 14, 2023 | — | Initial filing | — | SEC |
| Jay R. Venkatesan | April 27, 2022 | — | 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 7 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 |
|---|---|---|---|---|
| IWC · iShares Trust | 0.01% | 43,717 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.00% | 118,750 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.00% | 312,257 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 143,596 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 415,401 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.00% | 74,933 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.00% | 13,972 SH | Aug. 8, 2026 | Daily |