IVVD Invivyd, Inc. - Common Stock
$0.80
Price · Aug 18, 2026
Fundamentals as of Aug 13, 2026
52W Range
$0–$3
12% of range
Analyst Rating
BUY
9 analysts
Price Target
$10
+1145% upside
P/E (TTM)
-2.7
ROE
-36.9%
Net Profit Margin
-98.2%
IVVD Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$0.80
Market Cap
$227M
P/E (TTM)
-2.7
EPS (TTM)
$-0.30
Revenue (TTM)
$53M
Div Yield
—
ROE
-36.9%
Debt/Equity
—
52W Range
$0 – $3
IVVD 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
$53M
2023-12-31
→
2025-12-31
EPS
$-0.30
2021-12-31
→
2025-12-31
Free Cash Flow
$-58M
2022-12-31
→
2025-12-31
Margins
-98.2%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
IVVD
Peer Median
P/E (TTM)
-2.7
—
P/S (TTM)
4.2
9.2
P/B
0.9
1.4
Price / FCF
-3.9
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
IVVD
Peer Median
Operating Margin
-104.0%
—
Net Profit Margin
-98.2%
-312.6%
ROA
-25.8%
-58.9%
ROE
-36.9%
-83.3%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
IVVD
Peer Median
Current Ratio
7.2
8.5
Quick Ratio
7.0
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
IVVD
Peer Median
Revenue YoY
110.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
IVVD
Peer Median
IVVD Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
9 analysts
- Strong Buy 3 33.3%
- Buy 5 55.6%
- Hold 1 11.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
3 analysts · 2026-08-16
Low
$10.00
High
$10.00
Median target
$10.00
+1144.6%
Mean target
$10.00
+1144.6%
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 | $-0.13 | $-0.07 | -0.06% |
| Dec. 31, 2025 | $-0.04 | $-0.09 | 0.05% |
| Sept. 30, 2025 | $-0.06 | $-0.08 | 0.02% |
| June 30, 2025 | $-0.12 | $-0.02 | -0.10% |
| March 31, 2025 | $-0.14 | $-0.03 | -0.11% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| IVVD | $697M | -8.2 | 110.5% | -98.2% | -36.9% | — |
| IMUX | — | -0.9 | — | — | — | — |
| ORGO | $658M | 34.5 | 17.0% | 6.6% | 13.9% | — |
| RNA | $10.91B | -14.5 | 72.1% | -3650.4% | -47.5% | — |
| NERV | $174M | -0.1 | — | — | 339.5% | — |
| TNXP | $200M | -1.1 | 29.8% | -946.2% | -60.0% | — |
| WHWK | $114M | -7.3 | -72.5% | -288.3% | -13.4% | — |
| PEPG | $448M | -3.1 | — | — | -82.0% | — |
| KROS | $398M | 8.9 | — | 35.7% | 17.2% | — |
| DTIL | $100M | -1.2 | -50.1% | -133.4% | -72.4% | — |
| CRBP | $143M | -1.4 | — | — | -60.8% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue | $53M | $25M | $0 | |
| R&D Expense | $38M | $137M | $159M | |
| SG&A Expense | $67M | $63M | $49M | |
| Operating Expenses | $109M | $202M | $213M | |
| Operating Income | $-56M | $-177M | $-213M | |
| Other Non-op | $3M | $7M | $14M | |
| Income Tax | $0 | $0 | $0 | |
| Net Income | $-52M | $-170M | $-199M | |
| EPS (Basic) | $-0.30 | $-1.43 | $-1.81 | |
| EPS (Diluted) | $-0.30 | $-1.43 | $-1.81 | |
| Shares (Basic) | 172,212,902 | 118,555,073 | 109,526,053 | |
| Shares (Diluted) | 172,212,902 | 118,555,073 | 109,526,053 | |
| EBITDA | $-56M | $-177M | $-213M |
Balance Sheet 21
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & Equivalents | $227M | $69M | $201M | |
| Receivables | $14M | $11M | $0 | |
| Inventory | · | $26M | $0 | |
| Prepaid Expense | $7M | $20M | $24M | |
| Other Current Assets | · | $4M | · | |
| Current Assets | $247M | $101M | $225M | |
| PP&E (Net) | $1M | $2M | $2M | |
| Other Non-current Assets | $110.0K | $34.0K | $175.0K | |
| Total Assets | $277M | $130M | $229M | |
| Accounts Payable | $14M | $10M | $8M | |
| Accrued Liabilities | $19M | $50M | $41M | |
| Current Liabilities | $34M | $62M | $50M | |
| Capital Leases | $1M | $0 | $722.0K | |
| Other Non-current Liabilities | · | $0 | $700.0K | |
| Total Liabilities | $35M | $62M | $52M | |
| Common Stock | $28.0K | $12.0K | $11.0K | |
| Retained Earnings | $-954M | $-902M | $-732M | |
| AOCI | $-41.0K | $-5.0K | $-13.0K | |
| Stockholders' Equity | $242M | $68M | $177M | |
| Liabilities + Equity | $277M | $130M | $229M | |
| Shares Outstanding | 281,987,033 | 119,835,162 | 110,160,684 |
Cash Flow 10
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Stock-based Comp | $12M | $20M | $19M | |
| Operating Cash Flow | $-58M | $-170M | $-173M | |
| CapEx | $155.0K | $140.0K | $615.0K | |
| Investing Cash Flow | $-155.0K | $-140.0K | $281M | |
| Stock Issued | $254.0K | $223.0K | $240.0K | |
| Stock Repurchased | · | $0 | $1.0K | |
| Net Stock Activity | $254.0K | $223.0K | $239.0K | |
| Financing Cash Flow | $216M | $39M | $1M | |
| Net Change in Cash | $157M | $-131M | $109M | |
| Free Cash Flow | $-58M | $-171M | $-174M |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Operating Margin | -104.0% | -696.8% | · | |
| Net Margin | -98.2% | -669.4% | · | |
| EBITDA Margin | -104.0% | -696.8% | · | |
| ROA | -25.8% | -94.8% | -64.9% | |
| ROE | -36.9% | -225.5% | -93.7% |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Current Ratio | 7.2 | 1.6 | 4.5 | |
| Quick Ratio | 7.0 | 1.3 | 4.0 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.1 | · | |
| Receivables Turnover | 4.3 | 4.7 | · |
Growth Rates 1
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue YoY | 110.5% | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue TTM | $53M | $25M | $0 | |
| Net Income TTM | $-52M | $-170M | $-199M | |
| Market Cap | $697M | $53M | $434M | |
| P/E | -8.2 | -0.3 | -2.2 | |
| P/S | 13.0 | 2.1 | · | |
| P/B | 2.9 | 0.8 | 2.4 | |
| P / Tangible Book | 2.9 | 0.8 | 2.4 | |
| P / Cash Flow | -12.0 | -0.3 | -2.5 | |
| P / FCF | -11.9 | -0.3 | -2.5 | |
| Earnings Yield | -12.2% | -322.8% | -45.9% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14M | $14M | $17M | $13M | $12M | $11M | $14M | $9M | $2M | $0 | $0 | $0 | $0 | |
| R&D Expense | $29M | $31M | $10M | $8M | $10M | $11M | $18M | $58M | $30M | $31M | $62M | $26M | $44M | |
| SG&A Expense | $29M | $25M | $19M | $15M | $17M | $17M | $14M | $13M | $21M | $15M | $15M | $13M | $10M | |
| Operating Expenses | $60M | $57M | $30M | $24M | $27M | $28M | $33M | $72M | $52M | $46M | $77M | $43M | $54M | |
| Operating Income | $-46M | $-43M | $-13M | $-11M | $-15M | $-17M | $-19M | $-62M | $-49M | $-46M | $-77M | $-43M | $-54M | |
| Other Non-op | $1M | $2M | $1M | $553.0K | $400.0K | $633.0K | $786.0K | $2M | $2M | $3M | $3M | $4M | $4M | |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Income | $-44M | $-41M | $-11M | $-10M | $-15M | $-16M | $-18M | $-61M | $-47M | $-43M | $-74M | $-39M | $-50M | |
| EPS (Basic) | $-0.14 | $-0.13 | $0.02 | $-0.06 | $-0.12 | $-0.14 | $-0.14 | $-0.51 | $-0.40 | $-0.38 | $-0.67 | $-0.36 | $-0.46 | |
| EPS (Diluted) | $-0.14 | $-0.13 | $0.02 | $-0.06 | $-0.12 | $-0.14 | $-0.14 | $-0.51 | $-0.40 | $-0.38 | $-0.67 | $-0.36 | $-0.46 | |
| Shares (Basic) | 320,435,078 | 309,670,101 | -237,856,574 | 170,169,865 | 120,016,132 | 119,883,479 | -235,921,090 | 119,495,284 | 119,362,670 | 115,618,209 | -218,464,349 | 109,754,812 | 109,450,071 | |
| Shares (Diluted) | 320,435,078 | 309,670,101 | -237,856,574 | 170,169,865 | 120,016,132 | 119,883,479 | -235,921,090 | 119,495,284 | 119,362,670 | 115,618,209 | -218,464,349 | 109,754,812 | 109,450,071 | |
| EBITDA | $-46M | $-43M | · | $-11M | $-15M | $-17M | · | $-62M | $-49M | $-46M | · | $-43M | $-54M |
Balance Sheet 21
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $160M | $184M | $227M | $85M | $35M | $48M | $69M | $107M | $148M | $189M | $201M | $182M | $122M | |
| Receivables | $11M | $12M | $14M | $10M | $9M | $9M | $11M | $8M | $3M | · | $0 | · | · | |
| Inventory | · | · | · | $25M | $25M | $25M | · | $27M | $5M | $109.0K | $0 | · | · | |
| Prepaid Expense | $11M | $9M | $7M | $15M | $16M | $19M | $20M | $9M | $17M | $20M | $24M | $5M | $12M | |
| Other Current Assets | · | · | · | · | $2M | · | · | · | · | · | · | · | · | |
| Current Assets | $182M | $205M | $247M | $110M | $59M | $76M | $101M | $151M | $173M | $210M | $225M | $270M | $310M | |
| PP&E (Net) | $2M | $2M | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Other Non-current Assets | $1M | $1M | $110.0K | $6.0K | $15.0K | $24.0K | $34.0K | $7M | $2M | $2M | $175.0K | $187.0K | $291.0K | |
| Total Assets | $219M | $242M | $277M | $139M | $89M | $104M | $130M | $162M | $177M | $215M | $229M | $275M | $315M | |
| Accounts Payable | $9M | $2M | $14M | $18M | $18M | $9M | $10M | $18M | $7M | $1M | $8M | $9M | $4M | |
| Accrued Liabilities | $20M | $28M | $19M | $25M | $25M | $40M | $50M | $59M | $27M | $34M | $41M | $16M | $27M | |
| Current Liabilities | $31M | $32M | $34M | $44M | $44M | $50M | $62M | $79M | $37M | $36M | $50M | $27M | $33M | |
| Capital Leases | $7M | $7M | $1M | $2M | $2M | $0 | $0 | $219.0K | $0 | $625.0K | $722.0K | $927.0K | $1M | |
| Other Non-current Liabilities | · | · | · | · | · | · | · | $0 | $0 | $0 | $700.0K | $700.0K | · | |
| Total Liabilities | $38M | $39M | $35M | $46M | $46M | $50M | $62M | $79M | $37M | $37M | $52M | $28M | $34M | |
| Common Stock | $29.0K | $28.0K | $28.0K | $22.0K | $12.0K | $12.0K | $12.0K | $12.0K | $12.0K | $12.0K | $11.0K | $11.0K | $11.0K | |
| Retained Earnings | $-1.04B | $-996M | $-954M | $-943M | $-933M | $-918M | $-902M | $-884M | $-823M | $-776M | $-732M | $-658M | $-619M | |
| AOCI | $-35.0K | $-37.0K | $-41.0K | $-41.0K | $-39.0K | $-13.0K | $-5.0K | $-18.0K | $-12.0K | $-12.0K | $-13.0K | $-2.0K | $-22.0K | |
| Stockholders' Equity | $181M | $203M | $242M | $93M | $43M | $54M | $68M | $83M | $141M | $178M | $177M | $246M | $282M | |
| Liabilities + Equity | $219M | $242M | $277M | $139M | $89M | $104M | $130M | $162M | $177M | $215M | $229M | $275M | $315M | |
| Shares Outstanding | 294,755,090 | 282,803,863 | 281,987,033 | 214,409,450 | 120,142,811 | 119,961,445 | 119,835,162 | 119,604,035 | 119,442,635 | 119,221,230 | 110,160,684 | 109,846,329 | 109,570,333 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $8M | $5M | $4M | $4M | $5M | |
| Operating Cash Flow | $-43M | $-42M | $-15M | $-8M | $-13M | $-21M | $-38M | $-41M | $-42M | $-50M | $-59M | $-35M | $-37M | |
| CapEx | $510.0K | $726.0K | $0 | $0 | $11.0K | $144.0K | $-5.0K | $5.0K | $0 | $140.0K | $0 | $0 | $-9.0K | |
| Investing Cash Flow | $-510.0K | $-726.0K | $0 | $0 | $-11.0K | $-144.0K | $5.0K | $-5.0K | $0 | $-140.0K | $78M | $95M | $33M | |
| Stock Issued | $120.0K | $135.0K | $76.0K | $56.0K | $78.0K | $44.0K | $32.0K | $27.0K | $75.0K | $89.0K | $44.0K | $57.0K | $56.0K | |
| Stock Repurchased | · | · | · | · | · | · | · | $0 | · | · | $0 | $0 | $1.0K | |
| Net Stock Activity | · | $135.0K | · | · | · | $44.0K | · | · | · | $89.0K | · | · | · | |
| Financing Cash Flow | $19M | $-98.0K | $157M | $58M | $131.0K | $10.0K | $77.0K | $61.0K | $92.0K | $39M | $141.0K | $92.0K | $270.0K | |
| Net Change in Cash | $-24M | $-43M | $142M | $50M | $-13M | $-21M | $-38M | $-41M | $-42M | $-11M | $19M | $60M | $-5M | |
| Free Cash Flow | · | $-42M | · | · | · | $-21M | · | · | · | $-50M | · | · | · |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -320.8% | -313.9% | · | -84.0% | -127.8% | -149.7% | · | -670.0% | -2175.2% | · | · | · | · | |
| Net Margin | -310.8% | -301.2% | · | -79.8% | -124.4% | -144.1% | · | -653.1% | -2086.9% | · | · | · | · | |
| EBITDA Margin | -320.8% | -313.9% | · | -84.0% | -127.8% | -149.7% | · | -670.0% | -2175.2% | · | · | · | · | |
| ROA | -28.8% | -24.0% | · | -7.0% | -11.0% | -10.2% | · | -27.8% | -19.2% | -15.4% | · | -11.3% | -12.6% | |
| ROE | -39.7% | -32.2% | · | -11.9% | -16.0% | -14.0% | · | -36.9% | -22.4% | -17.2% | · | -12.6% | -14.4% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.9 | 6.5 | · | 2.5 | 1.3 | 1.5 | · | 1.9 | 4.7 | 5.8 | · | 10.1 | 9.5 | |
| Quick Ratio | 5.5 | 6.2 | · | 2.1 | 1.0 | 1.1 | · | 1.5 | 4.1 | 5.2 | · | 6.8 | 3.8 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.0 | 0.0 | · | · | · | · | |
| Receivables Turnover | 1.4 | 1.4 | · | 1.5 | 2.0 | 2.6 | · | 2.3 | 1.6 | · | · | · | · |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $53M | $50M | · | $46M | $35M | $23M | · | $12M | $2M | · | · | · | · | |
| Net Income TTM | $-111M | $-83M | · | $-102M | $-139M | $-168M | · | $-191M | $-180M | $-168M | · | $-170M | $-182M | |
| Market Cap | $257M | $368M | · | $236M | $86M | $73M | · | $122M | $131M | $529M | · | $187M | $115M | |
| P/E | -1.9 | -2.9 | · | -1.3 | -0.6 | -0.4 | · | -0.6 | -0.7 | -2.9 | · | -1.1 | -0.6 | |
| P/S | 4.9 | 7.4 | · | 5.2 | 2.5 | 3.2 | · | 10.5 | 58.0 | · | · | · | · | |
| P/B | 1.4 | 1.8 | · | 2.5 | 2.0 | 1.3 | · | 1.5 | 0.9 | 3.0 | · | 0.8 | 0.4 | |
| P / Tangible Book | 1.4 | 1.8 | · | 2.5 | 2.0 | 1.3 | · | 1.5 | 0.9 | 3.0 | · | 0.8 | 0.4 | |
| P / Cash Flow | · | -8.8 | · | · | · | -3.4 | · | · | · | -10.5 | · | · | · | |
| P / FCF | · | -8.7 | · | · | · | -3.4 | · | · | · | -10.5 | · | · | · | |
| Earnings Yield | -51.6% | -34.6% | · | -75.4% | -163.6% | -236.4% | · | -161.8% | -145.4% | -34.2% | · | -91.8% | -159.1% |
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 | $53M | $25M | $0 | — | — |
| Operating Margin % | -104.0% | -696.8% | — | — | — |
| Net Income | $-52M | $-170M | $-199M | $-241M | $-227M |
| Diluted EPS | $-0.30 | $-1.43 | $-1.81 | $-2.23 | $-5.32 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 7.2 | 1.6 | 4.5 | 15.1 | — |
| Quick Ratio | 7.0 | 1.3 | 4.0 | 3.7 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-58M | $-171M | $-174M | $-222M | — |
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Institutional owners (13F) 140 filers · $229.4M 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 |
|---|---|---|---|---|
| 37 (-2 vs prior Q) | 42 (+28 vs prior Q) | 37 (+1 vs prior Q) | 28 (-3 vs prior Q) | -32.0M |
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 |
|---|---|---|---|---|
| JANUS HENDERSON GROUP PLC | $42,857,157 | 33,094,330 | 18.68% | Shares |
| BVF INC/IL | $24,571,146 | 28,165,000 | 10.71% | Shares |
| VANGUARD GROUP INC | $23,568,997 | 9,542,104 | 10.27% | Shares |
| MAVERICK CAPITAL LTD | $16,550,225 | 18,970,913 | 7.21% | Shares |
| PERCEPTIVE ADVISORS LLC | $16,131,231 | 18,490,636 | 7.03% | Shares |
| Mithril II GP LP | $12,365,738 | 11,241,580 | 5.39% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $9,152,954 | 10,496,507 | 3.99% | Shares |
| M28 Capital Management LP | $8,068,173 | 9,248,250 | 3.52% | Shares |
| Saturn V Capital Management LP | $7,321,432 | 8,392,288 | 3.19% | Shares |
| Soleus Capital Management, L.P. | $6,725,093 | 7,708,727 | 2.93% | Shares |
| Point72 Asset Management, L.P. | $6,579,694 | 7,542,061 | 2.87% | Shares |
| Siren, L.L.C. | $4,362,000 | 5,000,000 | 1.90% | Shares |
| Driehaus Capital Management LLC | $4,193,228 | 4,806,543 | 1.83% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $4,036,453 | 4,625,437 | 1.76% | Shares |
| ADAR1 Capital Management, LLC | $3,321,599 | 3,807,427 | 1.45% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $3,194,275 | 3,661,480 | 1.39% | Shares |
| STATE STREET CORP | $3,016,260 | 3,457,428 | 1.31% | Shares |
| Qube Research & Technologies Ltd | $2,896,576 | 3,320,238 | 1.26% | Shares |
| Ikarian Capital, LLC | $2,317,592 | 2,656,570 | 1.01% | Shares |
| Redmile Group, LLC | $2,266,285 | 2,597,759 | 0.99% | Shares |
| TWO SIGMA ADVISERS, LP | $2,264,002 | 916,600 | 0.99% | Shares |
| 683 Capital Management, LLC | $2,165,770 | 2,482,543 | 0.94% | Shares |
| TWO SIGMA INVESTMENTS, LP | $2,035,723 | 2,333,474 | 0.89% | Shares |
| Eversept Partners, LP | $1,951,572 | 2,237,015 | 0.85% | Shares |
| Ensign Peak Advisors, Inc | $1,501,641 | 1,721,276 | 0.65% | Shares |
| Boxer Capital Management, LLC | $1,308,600 | 1,500,000 | 0.57% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,272,258 | 1,459,012 | 0.55% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,236,262 | 1,417,732 | 0.54% | Shares |
| MILLENNIUM MANAGEMENT LLC | $1,051,765 | 1,205,599 | 0.46% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $868,329 | 995,334 | 0.38% | Shares |
| GOLDMAN SACHS GROUP INC | $792,178 | 908,044 | 0.35% | Shares |
| DEUTSCHE BANK AG\ | $687,952 | 790,749 | 0.30% | Shares |
| CITADEL ADVISORS LLC | $680,840 | 780,422 | 0.30% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $675,792 | 774,635 | 0.29% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $409,781 | 469,717 | 0.18% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $397,412 | 455,539 | 0.17% | Shares |
| CANTOR FITZGERALD, L. P. | $392,680 | 450,115 | 0.17% | Shares |
| EMERALD MUTUAL FUND ADVISERS TRUST | $374,126 | 428,847 | 0.16% | Shares |
| Virtus Investment Advisers, LLC | $370,712 | 424,933 | 0.16% | Shares |
| Birchview Capital, LP | $298,601 | 342,275 | 0.13% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $281,097 | 323,100 | 0.12% | Put option |
| Nuveen, LLC | $244,563 | 280,333 | 0.11% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $241,599 | 277,700 | 0.11% | Call option |
| Squarepoint Ops LLC | $201,939 | 231,475 | 0.09% | Shares |
| MML INVESTORS SERVICES, LLC | $178,350 | 204,436 | 0.08% | Shares |
| Bank of New York Mellon Corp | $159,450 | 182,772 | 0.07% | Shares |
| WELLS FARGO & COMPANY/MN | $153,783 | 176,276 | 0.07% | Shares |
| Verdad Advisers, LP | $150,381 | 172,376 | 0.07% | Shares |
| ALLIANCEBERNSTEIN L.P. | $150,020 | 115,400 | 0.07% | Shares |
| FMR LLC | $144,476 | 165,607 | 0.06% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $141,320 | 161,989 | 0.06% | Shares |
| CITADEL ADVISORS LLC | $138,363 | 158,600 | 0.06% | Call option |
| RHUMBLINE ADVISERS | $137,416 | 157,594 | 0.06% | Shares |
| Jain Global LLC | $135,441 | 155,251 | 0.06% | Shares |
| BANK OF AMERICA CORP /DE/ | $121,737 | 139,607 | 0.05% | Shares |
| JANE STREET GROUP, LLC | $116,989 | 134,100 | 0.05% | Call option |
| MetLife Investment Management, LLC | $116,727 | 133,800 | 0.05% | Shares |
| Miller Financial Services LLC | $116,029 | 133,000 | 0.05% | Shares |
| SIMON QUICK ADVISORS, LLC | $92,959 | 106,555 | 0.04% | Shares |
| CITIGROUP INC | $87,701 | 100,528 | 0.04% | Shares |
| Knott David M Jr | $87,240 | 100,000 | 0.04% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $86,542 | 99,200 | 0.04% | Shares |
| Voleon Capital Management LP | $84,809 | 97,214 | 0.04% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $84,554 | 96,921 | 0.04% | Shares |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC | $84,193 | 96,507 | 0.04% | Shares |
| EMERALD ADVISERS, LLC | $78,462 | 89,938 | 0.03% | Shares |
| Invesco Ltd. | $73,226 | 83,936 | 0.03% | Shares |
| a16z Perennial Management, L.P. | $69,678 | 79,869 | 0.03% | Shares |
| XTX Topco Ltd | $63,276 | 72,531 | 0.03% | Shares |
| China Universal Asset Management Co., Ltd. | $63,238 | 72,487 | 0.03% | Shares |
| Vanguard Global Advisers, LLC | $60,398 | 69,264 | 0.03% | Shares |
| MORGAN STANLEY | $59,171 | 67,826 | 0.03% | Shares |
| Police & Firemen's Retirement System of New Jersey | $54,158 | 62,079 | 0.02% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $53,042 | 60,800 | 0.02% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $51,657 | 59,213 | 0.02% | Shares |
| Rangeley Capital, LLC | $51,472 | 59,000 | 0.02% | Shares |
| BARCLAYS PLC | $47,513 | 54,462 | 0.02% | Shares |
| Nuveen Asset Management, LLC | $47,464 | 107,119 | 0.02% | Shares |
| Cubist Systematic Strategies, LLC | $46,217 | 42,015 | 0.02% | Shares |
| Scientech Research LLC | $46,144 | 52,893 | 0.02% | Shares |
| JANE STREET GROUP, LLC | $37,164 | 42,600 | 0.02% | Put option |
| BNP PARIBAS FINANCIAL MARKETS | $36,709 | 42,078 | 0.02% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $35,425 | 40,606 | 0.02% | Shares |
| ProShare Advisors LLC | $32,471 | 37,220 | 0.01% | Shares |
| Point72 Asia (Singapore) Pte. Ltd. | $31,200 | 28,364 | 0.01% | Shares |
| NORTHERN TRUST CORP | $28,793 | 33,004 | 0.01% | Shares |
| PRUDENTIAL FINANCIAL INC | $28,658 | 32,850 | 0.01% | Shares |
| Abel Hall, LLC | $26,846 | 30,772 | 0.01% | Shares |
| Massar Capital Management, LP | $24,665 | 28,273 | 0.01% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $23,605 | 27,058 | 0.01% | Shares |
| CITADEL ADVISORS LLC | $23,555 | 27,000 | 0.01% | Put option |
| BlackRock, Inc. | $21,145 | 24,238 | 0.01% | Shares |
| JPMORGAN CHASE & CO | $20,763 | 22,002 | 0.01% | Shares |
| Tower Research Capital LLC (TRC) | $20,416 | 23,402 | 0.01% | Shares |
| OXFORD FINANCIAL GROUP, LTD. LLC | $20,147 | 23,094 | 0.01% | Shares |
| ArchPoint Investors | $20,065 | 23,000 | 0.01% | Shares |
| Cetera Investment Advisers | $20,065 | 23,000 | 0.01% | Shares |
| Vanguard Personalized Indexing Management, LLC | $18,898 | 21,662 | 0.01% | Shares |
| US BANCORP \DE\ | $17,884 | 20,500 | 0.01% | Shares |
| Legal & General Group Plc | $17,827 | 20,435 | 0.01% | Shares |
Company insiders 31 insiders · 14 officers · 17 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| David Hering | Chief Executive Officer | Dec. 18, 2023 A | 8,000 | 0 | 0 | $0 |
| Tillman U. Gerngross | Chief Executive Officer | Jan. 30, 2022 A | 27,845,995 | 0 | 0 | $0 |
| William E. Duke | Chief Financial Officer | Aug. 15, 2026 M | 168,937 | 0 | 6 | $-124,882 |
| Jane Henderson | Chief Financial Officer | Jan. 30, 2022 A | — | 0 | 0 | $0 |
| Jeremy Gowler | COO & CCO | Dec. 18, 2023 A | — | 0 | 0 | $0 |
| Timothy Edward Lee | Chief Commercial Officer | Aug. 15, 2026 M | 178,937 | 0 | 6 | $-124,882 |
| Julie Green | Chief Human Resources Officer | Aug. 15, 2026 M | 168,937 | 0 | 6 | $-124,882 |
| Robert D. Allen III | Chief Scientific Officer | Aug. 15, 2026 M | 178,765 | 0 | 6 | $-115,517 |
| Jill Andersen | Chief Legal Officer, Secretary | Aug. 15, 2026 M | 283,774 | 0 | 6 | $-208,126 |
| Stacy Price | Chief Tech. and Manuf. Officer | Dec. 18, 2023 A | — | 0 | 0 | $0 |
| Peter Schmidt | Chief Medical Officer | Dec. 18, 2023 A | — | 0 | 0 | $0 |
| Rebecca Dabora | Chief Tech and Manuf Officer | Dec. 14, 2022 A | — | 0 | 0 | $0 |
| Lynn Connolly | Chief Medical Officer | Jan. 30, 2022 A | — | 0 | 0 | $0 |
| Elham Hershberger | Chief Development Officer | Jan. 30, 2022 A | — | 0 | 0 | $0 |
| Tamsin Berry | Director | May 19, 2026 A | — | 0 | 0 | $0 |
| Ajay Royan | Director | May 19, 2026 A | 11,241,580 | 0 | 0 | $0 |
| Paul Bolno | Director | May 19, 2026 A | — | 0 | 0 | $0 |
| Kevin F Mclaughlin | Director | May 19, 2026 A | 50,000 | 1 | 0 | $125,000 |
| Terrance McGuire | Director | May 19, 2026 A | 3,066,757 | 0 | 0 | $0 |
| Christine Lindenboom | Director | May 20, 2025 A | — | 0 | 0 | $0 |
| Srishti Gupta | Director | May 21, 2024 A | — | 0 | 0 | $0 |
| Sara Cotter | Director | May 21, 2024 A | — | 0 | 0 | $0 |
| Tomas J. Heyman | Director | May 23, 2023 A | — | 0 | 0 | $0 |
| Clive Meanwell | Director | May 23, 2023 A | — | 0 | 0 | $0 |
| Michael S Wyzga | Director | May 23, 2023 A | — | 0 | 0 | $0 |
| Redonda Miller | Director | June 22, 2022 A | — | 0 | 0 | $0 |
| Howard Mayer | Director | June 22, 2022 A | — | 0 | 0 | $0 |
| Ellen R Marram | Director | Nov. 19, 2021 A | — | 0 | 0 | $0 |
| Rene Russo | Director | Aug. 5, 2021 A | — | 0 | 0 | $0 |
| Adimab, LLC | 10% owner | Jan. 19, 2024 S | 21,687,906 | 0 | 0 | $0 |
| Michael Mina | — | July 31, 2026 A | — | 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.
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 14 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 |
|---|---|---|---|---|
| BBC · ETFis Series Trust I | 0.45% | 118,970 NS | April 30, 2026 | N-PORT |
| LABU · Direxion Shares ETF Trust | 0.09% | 329,668 NS | April 30, 2026 | N-PORT |
| IWC · iShares Trust | 0.03% | 706,398 SH | Aug. 8, 2026 | Daily |
| BIB · ProShares Trust | 0.02% | 10,244 NS | May 31, 2026 | N-PORT |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.01% | 15,871 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 1,216,850 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 182,982 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.01% | 2,005,803 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.01% | 352,912 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.00% | 5,264,148 SH | Aug. 8, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 589,970 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 2,434,423 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 7,785,522 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 17,900 SH | Aug. 8, 2026 | Daily |