MRKR Marker Therapeutics, Inc. - Common Stock
$1.54
Price · Aug 25, 2026
Fundamentals as of Aug 14, 2026
52W Range
$1–$2
48% of range
Analyst Rating
BUY
9 analysts
Price Target
$8
+412% upside
P/E (TTM)
-1.9
ROE
-89.1%
Net Profit Margin
-343.0%
MRKR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$1.54
Market Cap
$26M
P/E (TTM)
-1.9
EPS (TTM)
$-0.79
Revenue (TTM)
$4M
Div Yield
—
ROE
-89.1%
Debt/Equity
—
52W Range
$1 – $2
MRKR 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
$4M
2017-12-31
→
2025-12-31
EPS
$-0.79
2016-12-31
→
2025-12-31
Free Cash Flow
—
2018-12-31
→
2019-12-31
Margins
-343.0%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
MRKR
Peer Median
P/E (TTM)
-1.9
—
P/S (TTM)
7.2
10.7
P/B
1.5
1.8
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
MRKR
Peer Median
Operating Margin
-363.4%
—
Net Profit Margin
-343.0%
-270.9%
ROA
-59.2%
-72.2%
ROE
-89.1%
-94.1%
ROIC
-76.6%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
MRKR
Peer Median
Current Ratio
8.4
4.0
Quick Ratio
7.1
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
MRKR
Peer Median
Revenue YoY
-46.2%
—
Revenue CAGR 3Y
0.31%
—
Revenue CAGR 5Y
48.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
MRKR
Peer Median
MRKR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
9 analysts
- Strong Buy 2 22.2%
- Buy 6 66.7%
- Hold 1 11.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
3 analysts · 2026-08-19
Median
$8.00
← Below all targets
$1.54
Low
$5.60
High
$10.00
Median target
$8.00
+420.4%
Mean target
$7.87
+411.8%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.09%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-0.16 | $-0.19 | 0.03% |
| Dec. 31, 2025 | $-0.09 | $-0.20 | 0.11% |
| Sept. 30, 2025 | $-0.12 | $-0.46 | 0.34% |
| June 30, 2025 | $-0.29 | $-0.42 | 0.13% |
| March 31, 2025 | $-0.36 | $-0.50 | 0.14% |
| Dec. 31, 2024 | $-0.42 | $-0.22 | -0.20% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| MRKR | $25M | -1.9 | -46.2% | -343.0% | -89.1% | — |
| CLRB | — | -0.4 | — | — | — | — |
| AIXC | — | -0.3 | — | — | — | — |
| JSPR | — | -0.5 | — | — | — | — |
| ABVC | $53M | -5.5 | 234.3% | — | -128.2% | — |
| CNSY | — | — | — | — | — | — |
| CELU | $32M | -0.3 | -51.0% | -345.4% | 288.6% | — |
| ALLR | $17M | -0.0 | — | -3509.7% | -102.1% | — |
| NEUP | $14M | -30.9 | — | -2.4% | -2.3% | — |
| HOWL | $31M | -0.5 | — | — | -183.6% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4M | $7M | $3M | $4M | $1M | $500.0K | $213.2K | $206.0K | $183.1K | |
| R&D Expense | $12M | $13M | $10M | $12M | $28M | $19M | $13M | $8M | $5M | |
| SG&A Expense | $4M | $4M | $7M | $11M | $13M | $10M | $10M | $24M | $6M | |
| Operating Expenses | $16M | $18M | $18M | $23M | $41M | $29M | $23M | $148M | $12M | |
| Operating Income | $-13M | $-11M | $-15M | $-20M | $-39M | $-29M | $-23M | $-148M | $-11M | |
| Interest Income | $594.2K | $437.0K | $539.2K | $248.1K | $5.7K | $148.7K | $1M | $253.7K | $0 | |
| Pretax Income | $-12M | $-11M | $-14M | $-20M | · | · | · | · | · | |
| Income Tax | $-15.2K | $50.0K | $3.7K | · | · | · | · | $0 | $0 | |
| Net Income | $-12M | $-11M | $-8M | $-30M | $-42M | $-29M | $-21M | $-148M | $-11M | |
| EPS (Basic) | $-0.79 | $-1.19 | $-0.94 | $-3.58 | $-5.47 | $-0.61 | · | · | $-1.16 | |
| EPS (Diluted) | $-0.79 | $-1.19 | $-0.94 | $-3.58 | $-5.47 | $-0.61 | · | · | $-1.16 | |
| Shares (Basic) | 15,310,308 | 8,980,207 | 8,809,382 | 8,351,003 | 7,650,567 | 47,039,862 | 45,587,734 | 19,091,926 | 9,453,483 | |
| Shares (Diluted) | 15,310,308 | 8,980,207 | 8,809,382 | 8,351,003 | 7,650,567 | 47,039,862 | · | · | 9,453,483 | |
| EBITDA | $-13M | $-11M | $-15M | $-27M | $-37M | $-28M | $-22M | $-148M | $-12M |
Balance Sheet 20
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $16M | $19M | $15M | $12M | $42M | $21M | $44M | $62M | $5M | |
| Prepaid Expense | $658.8K | $483.7K | $988.1K | $2M | $2M | $2M | $2M | $141.7K | $51.1K | |
| Other Current Assets | · | $2.0K | · | · | · | · | · | · | · | |
| Current Assets | $19M | $22M | $17M | $17M | $46M | $24M | $45M | $62M | $5M | |
| PP&E (Net) | · | · | · | $12M | $12M | $10M | $418.0K | $147.7K | $0 | |
| PP&E (Gross) | · | · | · | $18M | $13M | $4M | $523.0K | $148.0K | $0 | |
| Accum. Depreciation | · | · | · | $5M | $3M | $591.0K | $105.0K | $0 | $0 | |
| Total Assets | $19M | $22M | $17M | $34M | $68M | $46M | $46M | $62M | $5M | |
| Accounts Payable | $793.7K | $1M | $961.0K | $1M | $5M | $3M | $993.0K | $2M | $1M | |
| Short-term Debt | · | · | · | · | · | · | · | · | $5.0K | |
| Current Liabilities | $2M | $3M | $3M | $8M | $13M | $6M | $2M | $3M | $2M | |
| Capital Leases | · | · | · | $7M | $11M | $12M | $280.2K | $0 | · | |
| Total Liabilities | $2M | $3M | $3M | $15M | $24M | $18M | $2M | $3M | $2M | |
| Total Debt | · | · | · | · | · | · | · | · | $5.0K | |
| Common Stock | $16.7K | $10.7K | $8.9K | $8.4K | $8.3K | $50.7K | $45.7K | $45.4K | $10.6K | |
| Paid-in Capital | $476M | $466M | $450M | $448M | $442M | $384M | $372M | $365M | $161M | |
| Retained Earnings | $-459M | $-447M | $-436M | $-428M | $-398M | $-356M | $-328M | $-306M | $-157M | |
| Stockholders' Equity | $17M | $19M | $14M | $20M | $44M | $27M | $44M | $59M | $4M | |
| Liabilities + Equity | $19M | $22M | $17M | $34M | $68M | $46M | $46M | $62M | $5M | |
| Shares Outstanding | 16,700,000 | 10,700,000 | 8,900,000 | 8,400,000 | 8,300,000 | 50,700,000 | 45,700,000 | 45,400,000 | 10,600,000 |
Cash Flow 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | $3M | $2M | $485.6K | $105.1K | · | · | |
| Stock-based Comp | $537.5K | $245.9K | $858.3K | $3M | $6M | $5M | $5M | $16M | $3M | |
| Other Non-cash | · | · | · | $-5M | $6M | $4M | $-2M | · | · | |
| Operating Cash Flow | $-12M | $-11M | $-16M | $-27M | $-27M | $-20M | $-18M | $-14M | $-8M | |
| CapEx | · | · | · | · | · | · | $375.0K | $147.7K | $0 | |
| Investing Cash Flow | · | · | $19M | $-5M | $-3M | $-9M | $-375.0K | $-147.7K | $0 | |
| Stock Issued | $10M | $15M | $1M | $202.1K | $53M | $6M | $0 | · | · | |
| Stock Repurchased | · | · | · | · | · | · | · | $71.7K | $310.5K | |
| Net Stock Activity | $10M | · | $1M | $202.1K | $53M | $6M | · | $-71.7K | $-310.5K | |
| Financing Cash Flow | $10M | $15M | $1M | $202.1K | $53M | $7M | $816.5K | $71M | $6M | |
| Net Change in Cash | · | · | · | $12M | $44M | · | · | · | · | |
| Taxes Paid | $42.0K | $72.2K | · | · | · | · | · | · | · | |
| Free Cash Flow | · | · | · | · | · | · | $-19M | $-15M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -363.4% | -168.7% | -440.4% | -332.2% | · | -6188.2% | -10567.3% | -71930.1% | · | |
| Net Margin | -343.0% | -162.8% | -248.8% | -332.1% | · | -6149.7% | -10050.9% | -71826.3% | · | |
| Pretax Margin | -343.4% | -162.1% | -424.1% | · | · | · | · | · | · | |
| EBITDA Margin | -363.4% | -168.7% | -440.4% | -301.3% | · | -6084.2% | -10518.0% | -71930.1% | · | |
| ROA | -59.2% | -54.8% | -32.0% | -58.4% | -73.6% | -62.4% | -39.5% | -439.5% | -167.6% | |
| ROE | -89.1% | -82.5% | -53.6% | -141.8% | -87.0% | -99.1% | -46.6% | -492.9% | -223.2% | |
| ROIC | -76.6% | -60.2% | -103.8% | · | · | · | · | · | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 8.4 | 6.4 | 5.6 | 2.1 | 3.6 | 3.8 | 22.8 | 22.1 | 3.4 | |
| Quick Ratio | 7.1 | 5.5 | 4.9 | 1.5 | 3.3 | 3.3 | 22.0 | 22.0 | 3.4 | |
| Debt / Equity | · | · | · | · | · | · | · | · | 0.0 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.3 | 0.1 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -46.2% | 99.1% | -5.8% | 183.0% | 148.3% | · | · | · | · | |
| Revenue CAGR 3Y | 0.31% | 74.4% | 87.8% | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 48.0% | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4M | $7M | $3M | $4M | $1M | $500.0K | $213.2K | $206.0K | $183.1K | |
| Net Income TTM | $-12M | $-11M | $-8M | $-30M | $-42M | $-29M | $-21M | $-148M | $-11M | |
| Market Cap | $25M | $33M | $49M | $23M | $789M | $735M | $1.32B | $2.52B | $416M | |
| Enterprise Value | · | · | · | · | · | · | · | · | $410M | |
| P/E | -1.9 | -2.6 | -5.9 | -0.8 | -1.7 | -23.8 | · | · | -33.8 | |
| P/S | 7.0 | 5.0 | 14.8 | 6.5 | 635.8 | 1470.3 | 6173.5 | 12231.9 | 2269.8 | |
| P/B | 1.5 | 1.8 | 3.5 | 1.2 | 17.9 | 26.9 | 29.9 | 42.5 | 113.6 | |
| P / Tangible Book | 1.5 | 1.8 | 3.5 | 1.2 | 17.9 | 26.9 | · | · | · | |
| P / Cash Flow | -2.1 | -3.0 | -3.0 | -0.8 | -28.9 | -39.0 | -72.0 | -174.0 | -49.2 | |
| P / FCF | · | · | · | · | · | · | -70.5 | -172.3 | · | |
| EV / EBITDA | · | · | · | · | · | · | · | · | -35.2 | |
| EV / Revenue | · | · | · | · | · | · | · | · | 2241.8 | |
| Earnings Yield | -53.0% | -38.3% | -17.1% | -132.6% | -57.6% | -4.2% | · | · | -3.0% |
Income Statement 12
| 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 | · | $751.7K | $1M | $1M | $861.2K | $349.1K | $2M | $2M | $1M | $1M | $1M | $257.6K | $762.7K | $1M | $759.1K | $999.6K | |
| R&D Expense | $1M | $3M | $2M | $2M | $4M | $3M | $5M | $3M | $2M | $3M | $3M | $2M | $2M | $3M | $-2M | $4M | |
| SG&A Expense | $1M | $1M | $846.6K | $1M | $945.2K | $1M | $1M | $854.7K | $1M | $1M | $1M | $1M | $3M | $2M | $1M | $3M | |
| Operating Expenses | $3M | $4M | $3M | $3M | $5M | $5M | $6M | $4M | $3M | $4M | $4M | $3M | $5M | $6M | $-339.6K | $7M | |
| Operating Income | $-3M | $-4M | $-2M | $-2M | $-5M | $-5M | $-4M | $-2M | $-2M | $-3M | $-3M | $-3M | $-4M | $-4M | $1M | $-6M | |
| Interest Income | $112.6K | $132.9K | $165.6K | $138.1K | $128.0K | $162.5K | $73.7K | $91.7K | $115.4K | $156.2K | $201.3K | $218.1K | $35.1K | $84.7K | $109.4K | $99.8K | |
| Net Income | $-2M | $-3M | $-2M | $-2M | $-4M | $-4M | $-4M | $-2M | $-2M | $-2M | $-3M | $-3M | $3M | $-5M | $-4M | $-7M | |
| EPS (Basic) | $-0.09 | $-0.16 | $0.02 | $-0.12 | $-0.29 | $-0.40 | $-0.41 | $-0.26 | $-0.25 | $-0.27 | $-0.32 | $-0.34 | $0.29 | $-0.57 | $-0.45 | $-0.83 | |
| EPS (Diluted) | $-0.09 | $-0.16 | $0.02 | $-0.12 | $-0.29 | $-0.40 | $-0.41 | $-0.26 | $-0.25 | $-0.27 | $-0.32 | $-0.34 | $0.29 | $-0.57 | $-0.45 | $-0.83 | |
| Shares (Basic) | 19,314,742 | 19,314,742 | -26,509,959 | 16,757,678 | 13,956,562 | 11,106,027 | -17,763,158 | 8,923,170 | 8,918,233 | 8,901,962 | -17,536,486 | 8,825,881 | 8,798,956 | 8,721,031 | -16,678,887 | 8,359,920 | |
| Shares (Diluted) | 19,314,742 | 19,314,742 | -26,509,959 | 16,757,678 | 13,956,562 | 11,106,027 | -17,763,158 | 8,923,170 | 8,918,233 | 8,901,962 | -17,536,486 | 8,825,881 | 8,798,956 | 8,721,031 | -16,678,887 | 8,359,920 | |
| EBITDA | $-3M | $-4M | · | $-2M | $-4M | $-5M | · | $-2M | $-2M | $-3M | · | $-3M | $-4M | $-4M | · | $-7M |
Balance Sheet 18
| 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 | $11M | $15M | $16M | $18M | $10M | $14M | $19M | $9M | $8M | $11M | $15M | $17M | $18M | $6M | $12M | $18M | |
| Prepaid Expense | $1M | $418.1K | · | · | · | $841.3K | · | $1M | $1M | $917.0K | $988.1K | $2M | $2M | $2M | $2M | $3M | |
| Other Current Assets | $7.2K | $13.2K | · | · | · | · | $2.0K | · | · | · | · | · | · | · | · | · | |
| Current Assets | $15M | $17M | $19M | $22M | $15M | $17M | $22M | $11M | $12M | $14M | $17M | $19M | $22M | $11M | $17M | $22M | |
| PP&E (Net) | · | · | · | · | · | · | · | · | · | · | · | · | · | $12M | · | $13M | |
| PP&E (Gross) | · | · | · | · | · | · | · | · | · | · | · | · | · | $18M | · | $18M | |
| Accum. Depreciation | · | · | · | · | · | · | · | · | · | · | · | · | · | $6M | · | $5M | |
| Total Assets | $15M | $17M | $19M | $22M | $15M | $17M | $22M | $11M | $12M | $14M | $17M | $19M | $22M | $28M | $34M | $41M | |
| Accounts Payable | $585.0K | $2M | $793.7K | $951.0K | $2M | $1M | $1M | $2M | $1M | $1M | $961.0K | $1M | $1M | $3M | $1M | $2M | |
| Current Liabilities | $2M | $4M | $2M | $3M | $4M | $3M | $3M | $3M | $2M | $2M | $3M | $3M | $3M | $5M | $8M | $11M | |
| Capital Leases | · | · | · | · | · | · | · | · | · | · | · | · | · | $7M | · | $7M | |
| Total Liabilities | $2M | $4M | $2M | $3M | $4M | $3M | $3M | $3M | $2M | $2M | $3M | $3M | $3M | $12M | $15M | $19M | |
| Common Stock | $16.7K | $16.7K | $16.7K | $16.7K | $11.3K | $11.2K | $10.7K | $8.9K | $8.9K | $8.9K | $8.9K | $8.9K | $8.8K | $8.8K | $8.4K | $83.6K | |
| Paid-in Capital | $476M | $476M | $476M | $476M | $466M | $466M | $466M | $451M | $451M | $450M | $450M | $450M | $450M | $449M | $448M | $447M | |
| Retained Earnings | $-464M | $-462M | $-459M | $-457M | $-455M | $-451M | $-447M | $-443M | $-441M | $-439M | $-436M | $-433M | $-431M | $-433M | $-428M | $-424M | |
| Stockholders' Equity | $12M | $14M | $17M | $18M | $10M | $14M | $19M | $7M | $10M | $12M | $14M | $17M | $19M | $16M | $20M | $23M | |
| Liabilities + Equity | $15M | $17M | $19M | $22M | $15M | $17M | $22M | $11M | $12M | $14M | $17M | $19M | $22M | $28M | $34M | $41M | |
| Shares Outstanding | 16,700,000 | 16,700,000 | 16,700,000 | 16,700,000 | 11,300,000 | 11,200,000 | 10,700,000 | 8,900,000 | 8,900,000 | 8,900,000 | 8,900,000 | 8,800,000 | 8,800,000 | 8,800,000 | 8,400,000 | 83,600,000 |
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 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | · | · | · | · | · | · | · | $818.2K | · | $819.9K | |
| Stock-based Comp | $195.7K | $178.4K | $111.1K | $33.3K | $14.0K | $379.1K | $50.5K | $53.3K | $62.6K | $79.4K | $143.4K | $175.0K | $-120.1K | $659.9K | $382.9K | $-210.0K | |
| Other Non-cash | · | · | · | · | · | · | · | · | · | · | · | · | · | $-2M | · | · | |
| Operating Cash Flow | $-4M | $-1M | $-2M | $-3M | $-2M | $-5M | $-5M | $1M | $-4M | $-4M | $-2M | $-1M | $-7M | $-6M | $-6M | $-8M | |
| Investing Cash Flow | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $19M | $-112.6K | $-127.3K | $-99.4K | |
| Stock Issued | · | · | $0 | · | · | · | $15M | $0 | · | · | · | $394.7K | $0 | $620.0K | $138.6K | $0 | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | · | · | · | · | $620.0K | · | · | |
| Financing Cash Flow | · | · | $0 | $10M | $100 | $505 | $15M | $1.7K | $44.6K | $49.1K | $5.1K | $479.3K | $736 | $620.0K | $138.6K | $0 |
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 | · | -541.8% | · | -173.3% | -494.8% | -1320.1% | · | -124.6% | -197.4% | -204.9% | · | -1242.2% | -542.1% | -106.7% | · | -177.7% | |
| Net Margin | · | -422.9% | · | -162.1% | -466.3% | -1273.6% | · | -119.8% | -187.5% | -192.3% | · | -1157.6% | 329.9% | -104.9% | · | -175.2% | |
| EBITDA Margin | · | -541.8% | · | -173.3% | -494.8% | -1320.1% | · | -124.6% | -197.4% | -204.9% | · | -1242.2% | -542.1% | -89.4% | · | -177.7% | |
| ROA | -12.4% | -18.5% | · | -12.2% | -30.4% | -28.6% | · | -15.2% | -13.0% | -11.4% | · | -9.8% | 6.8% | -12.0% | · | -12.2% | |
| ROE | -16.1% | -22.5% | · | -15.5% | -39.8% | -33.8% | · | -19.1% | -15.3% | -17.3% | · | -15.2% | 10.7% | -19.2% | · | -18.5% |
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 | 6.0 | 4.8 | · | 6.5 | 3.5 | 6.8 | · | 3.2 | 5.9 | 6.1 | · | 7.0 | 7.5 | 2.1 | · | 2.0 | |
| Quick Ratio | 4.7 | 4.1 | · | 5.3 | 2.4 | 5.5 | · | 2.6 | 4.0 | 4.9 | · | 6.3 | 6.2 | 1.2 | · | 1.6 |
Efficiency 1
| 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 | · | 0.1 | 0.1 | 0.0 | · | 0.1 | 0.1 | 0.1 | · | 0.0 | 0.0 | 0.1 | · | 0.1 |
Valuation (TTM) 9
| 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 | $3M | $3M | · | $4M | $4M | $5M | · | $5M | $3M | $3M | · | $3M | $4M | $4M | · | · | |
| Net Income TTM | $-11M | $-14M | · | $-13M | $-13M | $-11M | · | $-10M | $-5M | $-8M | · | $-12M | $-19M | $-31M | · | $-39M | |
| Market Cap | $25M | $22M | · | $15M | $17M | $14M | · | $25M | $48M | $38M | · | $40M | $27M | $6M | · | $309M | |
| P/E | -2.2 | -1.3 | · | -0.8 | -1.3 | -1.0 | · | -2.5 | -9.5 | -4.8 | · | -3.1 | -1.4 | -0.2 | · | -1.1 | |
| P/S | 7.7 | 6.8 | · | 3.4 | 4.0 | 2.9 | · | 5.5 | 14.1 | 10.9 | · | 12.3 | 7.2 | 1.6 | · | · | |
| P/B | 2.0 | 1.6 | · | 0.8 | 1.6 | 1.0 | · | 3.4 | 5.0 | 3.2 | · | 2.4 | 1.4 | 0.4 | · | 13.7 | |
| P / Tangible Book | 2.0 | 1.6 | · | 0.8 | 1.6 | 1.0 | · | 3.4 | 5.0 | 3.2 | · | 2.4 | 1.4 | 0.4 | · | 13.7 | |
| P / Cash Flow | · | -15.5 | · | · | · | -2.5 | · | · | · | -10.0 | · | · | · | -1.1 | · | · | |
| Earnings Yield | -44.9% | -74.6% | · | -120.2% | -78.4% | -95.9% | · | -39.7% | -10.5% | -20.7% | · | -31.9% | -71.6% | -521.1% | · | -88.6% |
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 | $4M | $7M | $3M | $4M | $1M |
| Operating Margin % | -363.4% | -168.7% | -440.4% | -332.2% | — |
| Net Income | $-12M | $-11M | $-8M | $-30M | $-42M |
| Diluted EPS | $-0.79 | $-1.19 | $-0.94 | $-3.58 | $-5.47 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 8.4 | 6.4 | 5.6 | 2.1 | 3.6 |
| Quick Ratio | 7.1 | 5.5 | 4.9 | 1.5 | 3.3 |
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Institutional owners (13F) 36 filers · $5.9M 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 |
|---|---|---|---|---|
| 4 (-3 vs prior Q) | 4 (-3 vs prior Q) | 7 (0 vs prior Q) | 6 (-1 vs prior Q) | +162K |
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 |
|---|---|---|---|---|
| NEA Management Company, LLC | $2,389,747 | 1,625,678 | 40.83% | Shares |
| Blue Owl Capital Holdings LP | $814,748 | 554,250 | 13.92% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $626,468 | 426,169 | 10.70% | Shares |
| Aisling Capital Management LP | $478,293 | 325,370 | 8.17% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $366,652 | 249,423 | 6.26% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $158,786 | 107,998 | 2.71% | Shares |
| OSAIC HOLDINGS, INC. | $148,241 | 100,847 | 2.53% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $128,285 | 87,269 | 2.19% | Shares |
| LPL Financial LLC | $122,226 | 83,147 | 2.09% | Shares |
| VANGUARD GROUP INC | $109,618 | 73,569 | 1.87% | Shares |
| Concurrent Investment Advisors, LLC | $99,906 | 67,963 | 1.71% | Shares |
| TWO SIGMA INVESTMENTS, LP | $88,495 | 60,201 | 1.51% | Shares |
| XTX Topco Ltd | $66,675 | 45,357 | 1.14% | Shares |
| NORTHERN TRUST CORP | $50,905 | 34,629 | 0.87% | Shares |
| CITADEL ADVISORS LLC | $47,800 | 32,517 | 0.82% | Shares |
| STATE STREET CORP | $30,794 | 20,948 | 0.53% | Shares |
| Invst, LLC | $26,460 | 18,000 | 0.45% | Shares |
| Creative Planning | $25,449 | 17,312 | 0.43% | Shares |
| Ashton Thomas Private Wealth, LLC | $24,108 | 16,400 | 0.41% | Shares |
| FIFTH THIRD BANCORP | $14,700 | 10,000 | 0.25% | Shares |
| JANE STREET GROUP, LLC | $13,936 | 9,480 | 0.24% | Shares |
| UBS Group AG | $11,981 | 8,150 | 0.20% | Shares |
| Vanguard Global Advisers, LLC | $3,693 | 2,512 | 0.06% | Shares |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | $2,900 | 2,000 | 0.05% | Shares |
| Tower Research Capital LLC (TRC) | $1,191 | 810 | 0.02% | Shares |
| WELLS FARGO & COMPANY/MN | $341 | 232 | 0.01% | Shares |
| SIGNATUREFD, LLC | $335 | 228 | 0.01% | Shares |
| SBI Securities Co., Ltd. | $298 | 203 | 0.01% | Shares |
| GROUP ONE TRADING LLC | $262 | 178 | 0.00% | Shares |
| Hilltop National Bank | $107 | 73 | 0.00% | Shares |
| BARCLAYS PLC | $93 | 63 | 0.00% | Shares |
| JPMORGAN CHASE & CO | $34 | 23 | 0.00% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $34 | 23 | 0.00% | Shares |
| Virtu Financial LLC | $17 | 11,574 | 0.00% | Shares |
| Caitong International Asset Management Co., Ltd | $13 | 9 | 0.00% | Shares |
| MORGAN STANLEY | $1 | 1 | 0.00% | Shares |
Company insiders 36 insiders · 14 officers · 17 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Juan Vera | President and CEO | Feb. 12, 2025 A | 2,671,845 | 0 | 0 | $0 |
| Peter L. Hoang | President and CEO | March 24, 2022 F | 483,286 | 0 | 0 | $0 |
| Ronald L Handford | President/CEO | Dec. 16, 2003 A | — | 0 | 0 | $0 |
| Anthony H. Kim | Chief Financial Officer | March 24, 2022 F | 114,436 | 0 | 0 | $0 |
| Tracy A Moore | Chief Financial Officer | Oct. 14, 2009 A | 500,000 | 0 | 0 | $0 |
| John N Bonfiglio | President and COO | March 9, 2017 A | 26,054 | 0 | 0 | $0 |
| Denis Corin | President | Feb. 17, 2012 J | 2,394,535 | 0 | 0 | $0 |
| Anna Szymanska | Vice President, Quality | Feb. 27, 2023 A | — | 0 | 0 | $0 |
| Nadia Agopyan | SVP, Regulatory Affairs | Feb. 27, 2023 A | — | 0 | 0 | $0 |
| Mythili Koneru | Chief Medical Officer | Feb. 27, 2023 A | — | 0 | 0 | $0 |
| Tsvetelina P Hoang | VP, Research and Development | Feb. 27, 2023 A | — | 0 | 0 | $0 |
| Michael Loiacono | Chief Accounting Officer | Feb. 27, 2023 A | — | 0 | 0 | $0 |
| Gerald Garrett | Vice President, Clinical Ops. | Feb. 17, 2022 A | — | 0 | 0 | $0 |
| Wilfred Jefferies | Chief Scientist Officer | Dec. 16, 2003 A | — | 0 | 0 | $0 |
| Steve Elms | Director | Nov. 17, 2025 A | 325,370 | 0 | 0 | $0 |
| Katharine Knobil | Director | Feb. 12, 2025 A | — | 0 | 0 | $0 |
| John Robert Wilson | Director | June 6, 2023 A | 7,812,008 | 0 | 0 | $0 |
| David Laskow-Pooley | Director | May 24, 2022 A | 55,223 | 0 | 0 | $0 |
| Frederick Gerald Wasserman | Director | June 8, 2021 A | 65,223 | 0 | 0 | $0 |
| Sherry Grisewood | Director | Oct. 16, 2018 A | 19,582 | 0 | 0 | $0 |
| Mark Reddish | Director | Oct. 16, 2018 A | 36,110 | 0 | 0 | $0 |
| Joshua Silverman | Director | Oct. 16, 2018 A | 17,221 | 0 | 0 | $0 |
| Glynn Wilson | Director | Oct. 9, 2018 M | 181,776 | 0 | 0 | $0 |
| Alan P Lindsay | Director | March 11, 2009 J | — | 0 | 0 | $0 |
| Carmen Chang | 10% owner | March 16, 2021 P | 10,714,285 | 0 | 0 | $0 |
| Mohamad Makhzoumi | 10% owner | March 16, 2021 P | 10,714,285 | 0 | 0 | $0 |
| Ali Behbahani | 10% owner | March 16, 2021 P | 10,714,285 | 0 | 0 | $0 |
| Anthony A. Florence, Jr. | 10% owner | March 16, 2021 P | 10,714,285 | 0 | 0 | $0 |
| Peter W. Sonsini | 10% owner | March 16, 2021 P | 10,714,285 | 0 | 0 | $0 |
| Paul Walker | 10% owner | March 16, 2021 P | 10,714,285 | 0 | 0 | $0 |
| Forest Baskett | 10% owner | March 16, 2021 P | 10,714,285 | 0 | 0 | $0 |
| Scott D. Sandell | 10% owner | March 16, 2021 P | 10,714,285 | 0 | 0 | $0 |
| Joshua Makower | 10% owner | March 16, 2021 P | 10,714,285 | 0 | 0 | $0 |
| Norman David Eansor | — | Nov. 17, 2025 A | 7,142 | 0 | 0 | $0 |
| Grant R Atkins | — | Dec. 16, 2003 A | — | 0 | 0 | $0 |
| GENEMAX CORP | — | Dec. 16, 2003 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 29 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 |
|---|---|---|---|---|---|
| New Enterprise Associates 16, L.P., NEA Partners 16, L.P., NEA 16 GP, LLC, Forest Baskett, Ali Behbahani, Carmen Chang, Anthony A. Florence, Jr., Mohamad H. Makhzoumi, Scott D. Sandell, Paul Walker ×6 filings | Nov. 17, 2025 | 9.90% | Amendment | Passive investment | SEC |
| John R. Wilson TTE, John R. Wilson Revocable Trust U/A DTD 08/03/2017 ×2 filings | Aug. 20, 2025 | 4.96% | Amendment | — | SEC |
| Aisling Capital IV, LP, Aisling Capital Partners IV, LP, Aisling Capital Partners IV LLC, Steve Elms, Andrew Schiff | March 3, 2023 | — | Initial filing | — | SEC |
| Ann Leen ×2 filings | March 24, 2021 | — | Initial filing | — | SEC |
| EASTERN CAPITAL LIMITED, PORTFOLIO SERVICES LTD., KENNETH B. DART ×14 filings | March 15, 2021 | — | Initial filing | — | SEC |
| Juan Vera | Feb. 14, 2019 | — | Initial filing | Passive investment | SEC |
| John Robert Wilson | Feb. 14, 2019 | — | Initial filing | Passive investment | SEC |
| OR | Oct. 19, 2018 | — | Initial filing | Passive investment | SEC |
| Iroquois Master Fund Ltd., Iroquois Capital Management, LLC, Richard Abbe, Kimberly Page | April 4, 2018 | — | Initial filing | Passive investment | SEC |
| Sailesh C Barchha (2) | Feb. 27, 2013 | — | Initial filing | — | SEC |
| Michael Gardner | Jan. 7, 2013 | — | Initial filing | Passive investment | SEC |
| WILFRED A. JEFFERIES | July 20, 2007 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | Oct. 3, 2002 | — | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person | Aug. 20, 2002 | — | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person, Undisclosed reporting person | July 26, 2002 | — | Initial filing | M&A / sale | 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 2 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.