IMCR Immunocore Holdings plc - American Depositary Shares
$36.68
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$28–$41
69% of range
Analyst Rating
BUY
21 analysts
Price Target
—
P/E (TTM)
-51.8
ROE
-9.2%
Net Profit Margin
-8.9%
IMCR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$36.68
Market Cap
$1.86B
P/E (TTM)
-51.8
EPS (TTM)
$-0.71
Revenue (TTM)
$400M
Div Yield
—
ROE
-9.2%
Debt/Equity
—
52W Range
$28 – $41
IMCR 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
$400M
2021-12-31
→
2025-12-31
EPS
$-0.71
2021-12-31
→
2025-12-31
Free Cash Flow
$-15M
2023-12-31
→
2025-12-31
Margins
-8.9%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
IMCR
Peer Median
P/E (TTM)
-51.8
—
P/S (TTM)
4.7
5.1
P/B
4.9
4.5
Price / FCF
-123.9
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
IMCR
Peer Median
Operating Margin
-11.3%
—
Net Profit Margin
-8.9%
-328.5%
ROA
-3.4%
-37.9%
ROE
-9.2%
-82.2%
ROIC
-22.1%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
IMCR
Peer Median
Current Ratio
4.0
5.0
Quick Ratio
3.5
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
IMCR
Peer Median
Revenue YoY
28.9%
—
Revenue CAGR 3Y
31.9%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
IMCR
Peer Median
IMCR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
21 analysts
- Strong Buy 6 28.6%
- Buy 10 47.6%
- Hold 5 23.8%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
13 analysts · 2026-08-15
Median
$62.00
Now
$36.68
Low
$34.00
High
$100.00
Median target
$62.00
+69.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.15%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.02 | $0.01 | -0.03% |
| March 31, 2026 | $0.25 | $-0.26 | 0.51% |
| Dec. 31, 2025 | $-0.60 | $-0.25 | -0.35% |
| Sept. 30, 2025 | $0.00 | $-0.27 | 0.27% |
| June 30, 2025 | $-0.20 | $-0.20 | 0.00% |
| March 31, 2025 | $0.10 | $-0.40 | 0.50% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| IMCR | $1.76B | -48.9 | 28.9% | -8.9% | -9.2% | — |
| BDRX | — | — | — | — | — | — |
| KNSA | $3.15B | 55.0 | 60.1% | 8.7% | 11.1% | — |
| CMPS | $663M | -2.2 | — | — | -524.8% | — |
| AUTL | — | -1.8 | 644.9% | -381.4% | -109.6% | — |
| ROIV | $19.95B | -51.3 | -71.6% | -3629.2% | -6.5% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $400M | $310M | $249M | $174M | |
| Cost of Revenue | $5M | $3M | $1M | $1M | |
| R&D Expense | $275M | $222M | $164M | $102M | |
| SG&A Expense | $165M | $156M | $144M | $123M | |
| Operating Income | $-45M | $-70M | $-60M | $-52M | |
| Interest Expense | · | · | $5M | $5M | |
| Interest Income | $16M | $26M | $18M | $4M | |
| Other Non-op | $20M | $14M | $-897.0K | $-2M | |
| Pretax Income | $-19M | $-53M | $-61M | $-41M | |
| Income Tax | $16M | $-2M | $-6M | $12M | |
| Net Income | $-36M | $-51M | $-55M | $-53M | |
| EPS (Basic) | $-0.71 | $-1.02 | $-1.13 | $-1.15 | |
| EPS (Diluted) | $-0.71 | $-1.02 | $-1.13 | $-1.15 | |
| Shares (Basic) | 50,345,666 | 49,991,064 | 48,888,975 | 45,714,923 | |
| Shares (Diluted) | 50,345,666 | 49,991,064 | 48,888,975 | 45,714,923 | |
| EBITDA | $-42M | $-66M | $-56M | · |
Balance Sheet 23
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $468M | $456M | $443M | $402M | |
| Short-term Investments | $396M | $365M | $0 | · | |
| Receivables | · | $63M | $52M | $34M | |
| Inventory | $7M | $5M | $5M | $692.0K | |
| Prepaid Expense | $52M | $41M | $30M | $37M | |
| Other Current Assets | $7M | $8M | $10M | $4M | |
| Current Assets | $997M | $930M | $529M | $474M | |
| PP&E (Net) | $11M | $10M | $9M | $8M | |
| PP&E (Gross) | $72M | $65M | $62M | $54M | |
| Accum. Depreciation | $61M | $55M | $52M | $46M | |
| Other Non-current Assets | $20M | $17M | $14M | $9M | |
| Total Assets | $1.07B | $1.01B | $597M | $527M | |
| Accounts Payable | $24M | $25M | $18M | $14M | |
| Current Liabilities | $247M | $212M | $139M | $101M | |
| Capital Leases | $42M | $40M | $36M | $32M | |
| Total Liabilities | $686M | $649M | $228M | $188M | |
| Common Stock | $136.0K | $135.0K | $134.0K | $129.0K | |
| Paid-in Capital | $1.24B | $1.19B | $1.15B | $1.08B | |
| Retained Earnings | $-831M | $-796M | $-745M | $-689M | |
| AOCI | $-28M | $-34M | $-36M | $-55M | |
| Stockholders' Equity | $381M | $361M | $369M | $339M | |
| Liabilities + Equity | $1.07B | $1.01B | $597M | $527M | |
| Shares Outstanding | 50,689,271 | 50,064,860 | 49,725,649 | 48,088,346 |
Cash Flow 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $3M | $4M | $4M | $5M | |
| Stock-based Comp | $38M | $34M | $32M | $33M | |
| Deferred Tax | $15M | $-4M | $-6M | $-2M | |
| Other Non-cash | $-31M | $43M | $16M | · | |
| Operating Cash Flow | $-11M | $26M | $3M | $-49M | |
| CapEx | $4M | $5M | $5M | $2M | |
| Investing Cash Flow | $-16M | $-355M | $-5M | $-2M | |
| Financing Cash Flow | $12M | $344M | $34M | $145M | |
| Taxes Paid | $5M | $510.0K | $977.0K | $765.0K | |
| Free Cash Flow | $-15M | $21M | $-2M | · | |
| Levered FCF | · | · | $-7M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Operating Margin | -11.3% | -22.7% | -23.9% | · | |
| Net Margin | -8.9% | -16.5% | -22.2% | · | |
| Pretax Margin | -4.8% | -17.1% | -24.4% | · | |
| EBITDA Margin | -10.6% | -21.4% | -22.3% | · | |
| ROA | -3.4% | -6.4% | -9.8% | · | |
| ROE | -9.2% | -13.8% | -15.3% | · | |
| ROIC | -22.1% | -18.9% | -14.7% | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Current Ratio | 4.0 | 4.4 | 3.8 | · | |
| Quick Ratio | 3.5 | 4.2 | 3.6 | · | |
| Interest Coverage | · | · | -11.6 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.4 | · | |
| Inventory Turnover | 0.8 | 0.5 | 0.4 | · | |
| Receivables Turnover | · | 5.4 | 5.8 | · |
Growth Rates 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue YoY | 28.9% | 24.4% | 43.0% | 377.9% | |
| Revenue CAGR 3Y | 31.9% | 104.1% | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $400M | $310M | $249M | · | |
| Net Income TTM | $-36M | $-51M | $-55M | · | |
| Market Cap | $1.76B | $1.48B | $3.40B | · | |
| P/E | -48.9 | -28.9 | -60.5 | · | |
| P/S | 4.4 | 4.8 | 13.6 | · | |
| P/B | 4.6 | 4.1 | 9.2 | · | |
| P / Tangible Book | 4.6 | 4.1 | 9.2 | · | |
| P / Cash Flow | -164.2 | 56.7 | 1155.5 | · | |
| P / FCF | -116.9 | 70.7 | -1367.1 | · | |
| Earnings Yield | -2.1% | -3.5% | -1.7% | · |
Income Statement 16
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $116M | $107M | $104M | $104M | $98M | $94M | $84M | $80M | $75M | $71M | $70M | $65M | $60M | $55M | |
| Cost of Revenue | $1M | $434.0K | $3M | $513.0K | $1M | $831.0K | $330.0K | $448.0K | $2M | $246.0K | $199.0K | $276.0K | $346.0K | $216.0K | |
| R&D Expense | $74M | $61M | $79M | $71M | $69M | $56M | $61M | $53M | $51M | $57M | $46M | $43M | $38M | $37M | |
| SG&A Expense | $44M | $38M | $43M | $40M | $43M | $40M | $42M | $36M | $39M | $39M | $41M | $35M | $35M | $33M | |
| Operating Income | $-3M | $7M | $-20M | $-7M | $-15M | $-4M | $-19M | $-9M | $-16M | $-26M | $-17M | $-14M | $-14M | $-15M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $3M | · | · | · | $1M | |
| Interest Income | $4M | $3M | $4M | $4M | $4M | $4M | $5M | $6M | $6M | $8M | $5M | $5M | $4M | $3M | |
| Other Non-op | $3M | $2M | $5M | $5M | $5M | $5M | $993.0K | $9M | $4M | $-190.0K | $-190.0K | $-192.0K | $-190.0K | $-325.0K | |
| Pretax Income | $-514.0K | $13M | $-16M | $304.0K | $-10M | $6M | $-25M | $6M | $-10M | $-24M | $-26M | $731.0K | $-17M | $-19M | |
| Income Tax | $294.0K | $301.0K | $14M | $481.0K | $606.0K | $1M | $-1M | $-3M | $1M | $357.0K | $-6M | $-175.0K | $191.0K | $293.0K | |
| Net Income | $-808.0K | $13M | $-30M | $-177.0K | $-10M | $5M | $-24M | $9M | $-12M | $-24M | $-20M | $906.0K | $-17M | $-19M | |
| EPS (Basic) | $-0.02 | $0.26 | $-0.61 | $0.00 | $-0.20 | $0.10 | $-0.47 | $0.17 | $-0.23 | $-0.49 | $-0.40 | $0.02 | $-0.35 | $-0.40 | |
| EPS (Diluted) | $-0.02 | $0.25 | $-0.61 | $0.00 | $-0.20 | $0.10 | $-0.47 | $0.17 | $-0.23 | $-0.49 | $-0.40 | $0.02 | $-0.35 | $-0.40 | |
| Shares (Basic) | 50,973,830 | 50,754,763 | -100,438,940 | 50,403,717 | 50,294,205 | 50,086,684 | -99,922,179 | 50,021,939 | 50,014,086 | 49,877,218 | -97,122,880 | 49,134,037 | 48,694,047 | 48,183,771 | |
| Shares (Diluted) | 50,973,830 | 52,934,787 | -102,302,054 | 50,403,717 | 50,294,205 | 51,949,798 | -102,708,674 | 52,808,434 | 50,014,086 | 49,877,218 | -102,147,810 | 54,158,967 | 48,694,047 | 48,183,771 | |
| EBITDA | $-3M | $7M | · | $-7M | $-15M | $-4M | · | $-9M | $-16M | $-26M | · | · | · | · |
Balance Sheet 24
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $485M | $453M | $468M | $498M | $488M | $477M | $456M | $538M | $505M | $833M | · | · | · | · | |
| Short-term Investments | $395M | $392M | $396M | $394M | $395M | $360M | $365M | $364M | $355M | · | · | · | · | · | |
| Receivables | · | · | · | · | · | · | · | $64M | $60M | $58M | · | · | · | · | |
| Inventory | $8M | $8M | $7M | $6M | $5M | $7M | $5M | $5M | $3M | $4M | · | · | · | · | |
| Prepaid Expense | $68M | $70M | $50M | $49M | $44M | $42M | $41M | $36M | $34M | $31M | · | · | · | · | |
| Other Current Assets | · | · | $7M | · | · | · | $8M | · | · | · | · | · | · | · | |
| Current Assets | $1.05B | $1.00B | $997M | $1.02B | $1.00B | $949M | $930M | $1.01B | $957M | $926M | · | · | · | · | |
| PP&E (Net) | $13M | $12M | $11M | $9M | $10M | $10M | $10M | $9M | $8M | $8M | · | · | · | · | |
| PP&E (Gross) | · | · | $72M | · | · | · | $65M | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $61M | · | · | · | $55M | · | · | · | · | · | · | · | |
| Other Non-current Assets | $18M | $19M | $20M | $16M | $17M | $17M | $17M | $17M | $16M | $16M | · | · | · | · | |
| Total Assets | $1.12B | $1.07B | $1.07B | $1.10B | $1.08B | $1.03B | $1.01B | $1.08B | $1.02B | $994M | · | · | · | · | |
| Accounts Payable | $26M | $30M | $24M | $23M | $24M | $29M | $25M | $20M | $20M | $16M | · | · | · | · | |
| Current Liabilities | $235M | $240M | $247M | $170M | $170M | $149M | $212M | $266M | $185M | $155M | · | · | · | · | |
| Capital Leases | $39M | $40M | $42M | $41M | $43M | $41M | $40M | $41M | $33M | $34M | · | · | · | · | |
| Total Liabilities | $700M | $678M | $686M | $706M | $694M | $650M | $649M | $707M | $664M | $634M | · | · | · | · | |
| Long-term Debt | · | · | · | · | · | · | · | $439M | $452M | $452M | · | · | · | · | |
| Common Stock | $138.0K | $137.0K | $136.0K | $135.0K | $135.0K | $135.0K | $135.0K | $135.0K | $135.0K | $135.0K | · | · | · | · | |
| Paid-in Capital | $1.27B | $1.25B | $1.24B | $1.23B | $1.22B | $1.20B | $1.19B | $1.18B | $1.17B | $1.16B | · | · | · | · | |
| Retained Earnings | $-819M | $-818M | $-831M | $-801M | $-801M | $-791M | $-796M | $-772M | $-781M | $-769M | · | · | · | · | |
| AOCI | $-34M | $-35M | $-28M | $-30M | $-27M | $-33M | $-34M | $-31M | $-34M | $-35M | · | · | · | · | |
| Stockholders' Equity | $420M | $394M | $381M | $397M | $388M | $378M | $361M | $378M | $359M | $360M | $369M | · | · | · | |
| Liabilities + Equity | $1.12B | $1.07B | $1.07B | $1.10B | $1.08B | $1.03B | $1.01B | $1.08B | $1.02B | $994M | · | · | · | · | |
| Shares Outstanding | 51,480,159 | 50,831,928 | 50,689,271 | 50,467,954 | 50,372,068 | 50,184,609 | 50,064,860 | 50,025,620 | 50,017,606 | 50,006,085 | 49,725,649 | · | · | · |
Cash Flow 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $9M | $6M | $8M | $10M | $10M | $9M | $9M | $7M | $10M | $9M | $7M | $8M | $9M | $8M | |
| Operating Cash Flow | $16M | $-14M | $-33M | $-4M | $26M | $435.0K | $-14M | $21M | $23M | $-5M | $-18M | $10M | $45.0K | $11M | |
| CapEx | $786.0K | $2M | $3M | $748.0K | $414.0K | $298.0K | $4M | $828.0K | $331.0K | $430.0K | $817.0K | $212.0K | $1M | $3M | |
| Investing Cash Flow | $-786.0K | $4M | $-880.0K | $5M | $-30M | $10M | $-4M | $-828.0K | $-350M | $-430.0K | $-817.0K | $-212.0K | $-1M | $-3M | |
| Financing Cash Flow | $16M | $656.0K | $4M | $2M | $4M | $3M | $-52M | $198.0K | $-818.0K | $396M | $6M | $10M | $12M | $6M | |
| Taxes Paid | $741.0K | $13.0K | $1M | $2M | $1M | $32.0K | $158.0K | $293.0K | $199.0K | $140.0K | $757.0K | $0 | $440.0K | $-220.0K | |
| Free Cash Flow | · | $-16M | · | · | · | $137.0K | · | · | · | $-5M | · | · | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-8M | · | · | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -2.6% | 6.8% | · | -6.9% | -15.2% | -3.9% | · | -10.6% | -21.2% | -37.6% | · | · | · | · | |
| Net Margin | -0.70% | 12.2% | · | -0.17% | -10.5% | 5.3% | · | 10.9% | -15.4% | -34.7% | · | · | · | · | |
| Pretax Margin | -0.44% | 12.4% | · | 0.29% | -9.9% | 6.5% | · | 7.6% | -13.4% | -34.2% | · | · | · | · | |
| EBITDA Margin | -2.6% | 6.8% | · | -6.9% | -15.2% | -3.9% | · | -10.6% | -21.2% | -37.6% | · | · | · | · | |
| ROA | -0.07% | 1.2% | · | -0.02% | -0.98% | 0.50% | · | 1.6% | -2.3% | -4.9% | · | · | · | · | |
| ROE | -0.20% | 3.4% | · | -0.05% | -2.8% | 1.4% | · | 4.6% | -6.5% | -13.6% | · | · | · | · | |
| ROIC | -1.1% | 1.8% | · | 1.1% | -4.1% | -0.79% | · | -3.2% | -5.1% | -7.5% | · | · | · | · |
Liquidity & Solvency 3
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.5 | 4.2 | · | 6.0 | 5.9 | 6.4 | · | 3.8 | 5.2 | 6.0 | · | · | · | · | |
| Quick Ratio | 3.7 | 3.5 | · | 5.2 | 5.2 | 5.6 | · | 3.6 | 5.0 | 5.7 | · | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -8.2 | · | · | · | · |
Efficiency 3
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | · | · | · | |
| Inventory Turnover | 0.2 | 0.1 | · | 0.1 | 0.2 | 0.2 | · | 0.2 | 1.0 | 0.1 | · | · | · | · | |
| Receivables Turnover | · | · | · | · | · | · | · | 2.5 | 2.5 | 2.4 | · | · | · | · |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $424M | $402M | · | $376M | $347M | $320M | · | $291M | $271M | $250M | · | · | · | · | |
| Net Income TTM | $2M | $8M | · | $3M | $-8M | $-22M | · | $-26M | $-52M | $-60M | · | · | · | · | |
| Market Cap | $1.63B | $1.53B | · | $1.83B | $1.58B | $1.49B | · | $1.56B | $1.70B | $3.25B | · | · | · | · | |
| P/E | 1058.3 | 201.0 | · | 519.0 | -196.1 | -65.9 | · | -58.7 | -32.3 | -53.3 | · | · | · | · | |
| P/S | 3.9 | 3.8 | · | 4.9 | 4.5 | 4.7 | · | 5.4 | 6.3 | 13.0 | · | · | · | · | |
| P/B | 3.9 | 3.9 | · | 4.6 | 4.1 | 3.9 | · | 4.1 | 4.7 | 9.0 | · | · | · | · | |
| P / Tangible Book | 3.9 | 3.9 | · | 4.6 | 4.1 | 3.9 | · | 4.1 | 4.7 | 9.0 | · | · | · | · | |
| P / Cash Flow | · | -111.3 | · | · | · | 3422.9 | · | · | · | -708.6 | · | · | · | · | |
| P / FCF | · | -98.5 | · | · | · | 10868.4 | · | · | · | -647.9 | · | · | · | · | |
| Earnings Yield | 0.09% | 0.50% | · | 0.19% | -0.51% | -1.5% | · | -1.7% | -3.1% | -1.9% | · | · | · | · |
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 | $400M | $310M | $249M | $174M | $36M |
| Operating Margin % | -11.3% | -22.7% | -23.9% | — | — |
| Net Income | $-36M | $-51M | $-55M | $-53M | $-180M |
| Diluted EPS | $-0.71 | $-1.02 | $-1.13 | $-1.15 | $-4.24 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 4.0 | 4.4 | 3.8 | — | — |
| Quick Ratio | 3.5 | 4.2 | 3.6 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-15M | $21M | $-2M | — | — |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 151 filers · $1.5B 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 |
|---|---|---|---|---|
| 26 (+3 vs prior Q) | 31 (+5 vs prior Q) | 56 (+1 vs prior Q) | 38 (-3 vs prior Q) | -2.7M |
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 |
|---|---|---|---|---|
| WELLINGTON MANAGEMENT GROUP LLP | $170,425,840 | 5,367,743 | 11.51% | Shares |
| RTW INVESTMENTS, LP | $154,616,087 | 4,869,798 | 10.45% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $115,514,154 | 3,638,241 | 7.80% | Shares |
| FMR LLC | $90,296,238 | 2,843,976 | 6.10% | Shares |
| Bellevue Group AG | $88,526,779 | 2,788,245 | 5.98% | Shares |
| TANG CAPITAL MANAGEMENT LLC | $84,117,434 | 2,649,368 | 5.68% | Shares |
| Vestal Point Capital, LP | $57,150,000 | 1,800,000 | 3.86% | Shares |
| TWO SIGMA INVESTMENTS, LP | $52,355,210 | 1,648,983 | 3.54% | Shares |
| MILLENNIUM MANAGEMENT LLC | $50,705,925 | 1,597,037 | 3.43% | Shares |
| ARMISTICE CAPITAL, LLC | $45,339,000 | 1,428,000 | 3.06% | Shares |
| Caligan Partners LP | $43,856,815 | 1,381,317 | 2.96% | Shares |
| Kynam Capital Management, LP | $43,656,250 | 1,375,000 | 2.95% | Shares |
| BVF INC/IL | $41,099,200 | 1,294,463 | 2.78% | Shares |
| Trails Edge Capital Partners, LP | $33,757,680 | 1,063,234 | 2.28% | Shares |
| Point72 Asset Management, L.P. | $31,441,390 | 990,280 | 2.12% | Shares |
| Logos Global Management LP | $19,050,000 | 600,000 | 1.29% | Shares |
| Hudson Bay Capital Management LP | $18,732,500 | 590,000 | 1.27% | Shares |
| JANUS HENDERSON GROUP PLC | $17,918,673 | 594,712 | 1.21% | Shares |
| BRAIDWELL LP | $16,552,132 | 521,327 | 1.12% | Shares |
| Jones Hill Capital LP | $16,283,178 | 512,856 | 1.10% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $15,423,801 | 485,789 | 1.04% | Shares |
| Frazier Life Sciences Management, L.P. | $15,391,829 | 484,782 | 1.04% | Shares |
| CITADEL ADVISORS LLC | $13,971,143 | 440,036 | 0.94% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $12,929,203 | 407,219 | 0.87% | Shares |
| D. E. Shaw & Co., Inc. | $12,862,433 | 405,116 | 0.87% | Shares |
| Candriam S.C.A. | $11,832,815 | 373,046 | 0.80% | Shares |
| TWO SIGMA ADVISERS, LP | $11,187,033 | 322,300 | 0.76% | Shares |
| CANTOR FITZGERALD, L. P. | $10,798,175 | 340,100 | 0.73% | Shares |
| Woodline Partners LP | $10,057,194 | 316,762 | 0.68% | Shares |
| Deep Track Capital, LP | $9,881,172 | 311,218 | 0.67% | Shares |
| Legal & General Group Plc | $9,511,559 | 299,670 | 0.64% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $9,383,586 | 295,546 | 0.63% | Shares |
| MOORE CAPITAL MANAGEMENT, LP | $8,720,550 | 274,663 | 0.59% | Shares |
| DIADEMA PARTNERS LP | $8,091,900 | 254,863 | 0.55% | Shares |
| Qube Research & Technologies Ltd | $7,084,187 | 223,124 | 0.48% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $5,889,625 | 185,500 | 0.40% | Put option |
| Caption Management, LLC | $5,495,925 | 173,100 | 0.37% | Put option |
| Caption Management, LLC | $5,476,970 | 172,503 | 0.37% | Shares |
| JANE STREET GROUP, LLC | $5,452,078 | 171,719 | 0.37% | Shares |
| Catalio Capital Management, LP | $4,700,429 | 148,045 | 0.32% | Shares |
| GOLDMAN SACHS GROUP INC | $4,360,101 | 137,326 | 0.29% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $4,259,739 | 134,165 | 0.29% | Shares |
| Y-Intercept (Hong Kong) Ltd | $4,021,201 | 126,652 | 0.27% | Shares |
| BANK OF AMERICA CORP /DE/ | $3,687,572 | 116,144 | 0.25% | Shares |
| XTX Topco Ltd | $3,687,286 | 116,135 | 0.25% | Shares |
| AXA Investment Managers S.A. | $3,457,599 | 95,172 | 0.23% | Shares |
| TD Asset Management Inc | $3,287,967 | 103,558 | 0.22% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $3,251,200 | 102,400 | 0.22% | Shares |
| STATE STREET CORP | $3,118,771 | 98,229 | 0.21% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $2,887,631 | 90,949 | 0.20% | Shares |
| Elmind Capital, LP | $2,576,290 | 81,143 | 0.17% | Shares |
| Cubist Systematic Strategies, LLC | $2,491,221 | 68,572 | 0.17% | Shares |
| Quadrature Capital Ltd | $2,347,214 | 73,928 | 0.16% | Shares |
| Trexquant Investment LP | $2,312,861 | 72,846 | 0.16% | Shares |
| JANE STREET GROUP, LLC | $2,225,675 | 70,100 | 0.15% | Put option |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $2,150,682 | 67,738 | 0.15% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $2,144,967 | 67,558 | 0.14% | Shares |
| CITADEL ADVISORS LLC | $2,136,775 | 67,300 | 0.14% | Put option |
| Persistent Asset Partners Ltd | $2,070,545 | 65,214 | 0.14% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,070,100 | 65,200 | 0.14% | Call option |
| Engineers Gate Manager LP | $1,915,382 | 60,327 | 0.13% | Shares |
| Caption Management, LLC | $1,905,000 | 60,000 | 0.13% | Call option |
| J. Goldman & Co LP | $1,696,403 | 53,430 | 0.11% | Shares |
| ALPS ADVISORS INC | $1,632,585 | 51,420 | 0.11% | Shares |
| Susquehanna Portfolio Strategies, LLC | $1,561,433 | 49,179 | 0.11% | Shares |
| Eagle Health Investments LP | $1,470,025 | 46,300 | 0.10% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,459,674 | 45,974 | 0.10% | Shares |
| BlackRock, Inc. | $1,395,413 | 43,950 | 0.09% | Shares |
| HighVista Strategies LLC | $1,371,125 | 43,185 | 0.09% | Shares |
| Virtus Investment Advisers, LLC | $1,274,921 | 40,155 | 0.09% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $1,255,141 | 39,532 | 0.08% | Shares |
| Bridgewater Associates, LP | $1,165,447 | 36,707 | 0.08% | Shares |
| Crossmark Global Holdings, Inc. | $1,156,208 | 36,416 | 0.08% | Shares |
| State of New Jersey Common Pension Fund D | $1,088,231 | 34,275 | 0.07% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,084,898 | 34,170 | 0.07% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $1,078,929 | 33,982 | 0.07% | Shares |
| Brevan Howard Capital Management LP | $1,071,567 | 34,450 | 0.07% | Shares |
| CITIGROUP INC | $952,500 | 30,000 | 0.06% | Call option |
| CITIGROUP INC | $952,500 | 30,000 | 0.06% | Put option |
| BARCLAYS PLC | $937,165 | 29,517 | 0.06% | Shares |
| EntryPoint Capital, LLC | $724,376 | 22,815 | 0.05% | Shares |
| Cinctive Capital Management LP | $695,452 | 21,904 | 0.05% | Shares |
| CITIGROUP INC | $683,070 | 21,514 | 0.05% | Shares |
| Orion Portfolio Solutions, LLC | $680,452 | 22,934 | 0.05% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $603,218 | 18,999 | 0.04% | Shares |
| CITADEL ADVISORS LLC | $568,325 | 17,900 | 0.04% | Call option |
| Aquatic Capital Management LLC | $558,260 | 17,583 | 0.04% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $540,988 | 17,039 | 0.04% | Shares |
| PSP Research LLC | $480,727 | 15,141 | 0.03% | Shares |
| Entropy Technologies, LP | $403,860 | 12,720 | 0.03% | Shares |
| Federation des caisses Desjardins du Quebec | $403,287 | 12,710 | 0.03% | Shares |
| Squarepoint Ops LLC | $372,936 | 11,746 | 0.03% | Shares |
| WELLS FARGO & COMPANY/MN | $349,949 | 11,022 | 0.02% | Shares |
| Banque Transatlantique SA | $322,399 | 10,150 | 0.02% | Shares |
| Headlands Technologies LLC | $289,814 | 9,128 | 0.02% | Shares |
| Scientech Research LLC | $281,114 | 8,854 | 0.02% | Shares |
| China Universal Asset Management Co., Ltd. | $231,045 | 7,277 | 0.02% | Shares |
| denkapparat Operations GmbH | $209,233 | 6,590 | 0.01% | Shares |
| State of Tennessee, Department of Treasury | $203,169 | 6,399 | 0.01% | Shares |
| Point72 Asia (Singapore) Pte. Ltd. | $149,716 | 4,121 | 0.01% | Shares |
Company insiders 1 insider · 1 officers · 0 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Tina Amber St Leger | Chief HR Officer | Jan. 3, 2024 M | 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 |
|---|---|---|---|---|---|
| General Atlantic, L.P., GAP (Bermuda) L.P., General Atlantic GenPar (Bermuda), L.P., General Atlantic Partners (Bermuda) IV, L.P., General Atlantic Partners (Bermuda) EU, L.P., GA IMC Holding, Ltd., General Atlantic (Lux) S.à r.l., GAP Coinvestments III, LLC, GAP Coinvestments IV, LLC, GAP Coinvestments V, LLC, GAP Coinvestments CDA, L.P., General Atlantic GenPar (Lux) SCSp, General Atlantic Partners (Lux) SCSp, GA IMC Holding, L.P. ×7 filings | March 7, 2024 | — | Initial filing | — | SEC |
| Baker Bros. Advisors LP, Baker Bros. Advisors (GP) LLC, Felix J. Baker, Julian C. Baker ×3 filings | Feb. 1, 2024 | — | 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 10 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 |
|---|---|---|---|---|
| BBP · ETFis Series Trust I | 1.21% | 25,714 NS | April 30, 2026 | N-PORT |
| SBIO · ALPS ETF Trust | 0.93% | 52,254 NS | May 31, 2026 | N-PORT |
| CANC · Tema ETF Trust | 0.51% | 30,849 NS | May 31, 2026 | N-PORT |
| IBB · iShares Trust | 0.11% | 311,982 SH | Aug. 8, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.10% | 2,419 SH | Aug. 8, 2026 | Daily |
| ISCF · iShares Trust | 0.09% | 17,076 SH | Aug. 8, 2026 | Daily |
| BIB · ProShares Trust | 0.06% | 1,621 NS | May 31, 2026 | N-PORT |
| PDN · Invesco Exchange-Traded Fund Trust … | 0.02% | 2,035 SH | Aug. 8, 2026 | Daily |
| APIE · Trust for Professional Managers | 0.01% | 2,381 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 19,801 NS | May 31, 2026 | N-PORT |