NTLA Intellia Therapeutics, Inc. - Common Stock
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About Intellia Therapeutics, Inc. - Common Stock Company overview from Wikipedia
Intellia Therapeutics, Inc. is an American clinical-stage biotechnology company focused on developing novel, potentially curative therapeutics leveraging CRISPR-based technologies. The company's in vivo programs use intravenously administered CRISPR as the therapy, in which the company's proprietary delivery technology enables highly precise editing of disease-causing genes directly within specific target tissues. Intellia's ex vivo programs use CRISPR to create the therapy by using engineered human cells to treat cancer and autoimmune diseases.
The CRISPR gene editing system was originally invented by Jennifer Doudna, one of Intellia's scientific founders, (with colleagues at University of California, Berkeley) and Virginijus Šikšnys (with colleagues at Vilnius University). The company has entered into a number of different research and development collaborations with leading and emerging biotechnology companies including Novartis, Regeneron, Avencell, SparingVision, Kyverna, and ONK Therapeutics.
Intellia has two in vivo programs in ongoing clinical trials. NTLA-2001 is an investigational CRISPR therapy candidate for the treatment for ATTR amyloidosis currently in Phase 1 studies. Lonvo-z is an investigational CRISPR therapy candidate for the treatment of hereditary angioedema (HAE) currently in Phase 3 studies.
Intellia's proprietary non-viral gene knock out platform deploys lipid nanoparticles to deliver to the liver a two-part genome editing system: guide RNA specific to the disease-causing gene and messenger RNA that encodes the Cas9 enzyme, which carries out the precision editing.
Intellia also has a number of research programs for in vivo and ex vivo therapeutic candidates with potential applications in diseases including cancer, alpha-1 antitrypsin deficiency, and hemophilia. The company is also working on a variety of additional gene editing technologies including base editing and DNA writing.
History
Intellia Therapeutics was founded in November 2014 to develop biopharmaceuticals using CRISPR.
It was backed by Atlas Venture and Novartis; the founding CEO was Nessan Bermingham from Atlas and the founding CSO was John Leonard, formerly CSO of AbbVie. The academic scientists involved in the founding included Rodolphe Barrangou, Rachel Haurwitz, Luciano Marraffini, Erik Sontheimer, and Derrick Rossi. The intellectual property around CRISPR was contested from the beginning; Intellia in-licensed patents from Caribou Biosciences, which had licensed patents from University of California invented by Jennifer Doudna.
Novartis had funded the Series A round because of its interest in applying CRISPR in CAR-T, and in January 2015 Novartis and Intellia reached a deal through which Novartis obtained rights to use CRISPR for its CAR-T program, and the companies agreed to collaborate on ways to use CRISPR to treat diseases involving hematopoietic stem cells including beta thalassemia and sickle cell disease. Intellia formed a division called eXtellia Therapeutics to manage the CAR-T collaboration with Novartis.
In December 2016, the company moved to its new 80,000 sq. ft. laboratory and office space in Cambridge, Massachusetts. By that time, it had obtained a license for another company's a lipid nanoparticle drug delivery system to help with its efforts to deliver CRISPR drugs to the liver, without being degraded in the bloodstream; at that time it had not disclosed the licensor.
In March 2017, Intellia and Regeneron, partners in co-developing a CRISPR-based treatment for transthyretin amyloidosis, presented data from a gene editing experiment in mice. By that time, University of California had lost a challenge to Broad's CRISPR patents, putting Intellia at a disadvantage relative to Editas.
In April 2017, Intellia entered into a partnership with Regeneron Pharmaceuticals under which Regeneron gained the exclusive right to use Intellia's CRISPR platform on up to 10 drug targets, of which up to five could be outside of the liver, and the companies agreed to co-develop other targets. Regeneron paid $75 million upfront, as well as milestones and royalties. The company said it planned to put $10 million of the funds into its bioinformatics program, to help it evaluate targets.
In December 2017, John Leonard, who had experience in drug development, took over as CEO.
In October 2019, Intellia named Glenn Goddard as its executive vice president and CFO. Prior to Intellia, Goddard was the CFO at Generation Bio Company and senior vice president of finance at Agios Pharmaceuticals.
In October 2020, Jennifer Doudna, one of Intellia's scientific co-founders, was awarded the 2020 Nobel Prize in Chemistry for the development of the CRISPR/Cas9 genome editing technology. Doudna shared the award with her research collaborator, Emmanuelle Charpentier. This is the first time two women scientists have jointly won a Nobel Prize in Chemistry.
In June 2021, Intellia made history by announcing interim Phase 1 data for NTLA-2001, demonstrating the ability to precisely edit target cells within the body to treat genetic disease with a single intravenous infusion of CRISPR. This was the first time any human clinical data has been published for an in vivo gene editing therapeutic candidate. The landmark data was published in the New England Journal of Medicine in August 2021.
In September and November 2022, Intellia presented the initial positive clinical data from their second in vivo CRISPR-candidate, NTLA-2002 demonstrating for the first time the potential clinical benefits of a CRISPR-based therapy with initial results now available beyond biomarker data. In January 2024, Intellia laid off 15% of its employees. A year later, Intellia announced a 27% net workforce reduction.
Funding
In November 2014, Intellia Therapeutics raised $15 million in Series A round. In September 2015, a Series B round secured $70 million. In May 2016, Intellia announced the closing of its initial public offering which raised approximately $112.1 million. In the course of going public, the company disclosed that it had licensed the lipid drug delivery system from Novartis, and that it involved creating lipid droplets to encapsulate the CRISPR agents.
== References ==
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | NTLA | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -3.75Y avg ≈-9.4 | ≈-9.4 | · | · | |
| P/S (TTM) | 28.85Y avg ≈87.8 | ≈87.8 | 45.0 | Fair value | |
| P/B (MRQ) | 2.45Y avg ≈3.3 | ≈3.3 | 5.8 | Undervalued | |
| Price / FCF (TTM) | -4.95Y avg ≈-11.7 | ≈-11.7 | · | · | |
| Price / Cash Flow (TTM) | -5.05Y avg ≈-12.3 | ≈-12.3 | · | · | |
| Price / Tangible Book | 2.25Y avg ≈3.3 | ≈3.3 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | NTLA | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | -711.7%5Y avg ≈-936.9% | ≈-936.9% | -919.0% | Weak | |
| EBITDA Margin (TTM) | -696.4%5Y avg ≈-918.5% | ≈-918.5% | -919.0% | Weak | |
| Net Profit Margin (TTM) | -672.2%5Y avg ≈-910.7% | ≈-910.7% | -980.8% | Weak | |
| ROA (TTM) | -45.6%5Y avg ≈-35.4% | ≈-35.4% | -38.5% | In line | |
| ROE (TTM) | -55.4%5Y avg ≈-46.6% | ≈-46.6% | -55.3% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | NTLA | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 6.65Y avg ≈7.0 | ≈7.0 | 6.8 | Low liquidity | |
| Quick Ratio (MRQ) | 5.65Y avg ≈6.7 | ≈6.7 | 5.6 | In line |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | NTLA | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 16.9%5Y avg ≈12.2% | ≈12.2% | · | · | |
| Revenue CAGR 3Y | 9.1%5Y avg ≈5.0% | ≈5.0% | · | · | |
| Revenue CAGR 5Y | 3.1% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | NTLA | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.15Y avg ≈0.0 | ≈0.0 | 0.2 | Below avg | |
| Receivables Turnover | 7.55Y avg ≈8.8 | ≈8.8 | 7.5 | In line | |
| Revenue / Employee | ≈$179.5K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 5, 2026 | $-0.80 | $-0.82 | 1.9% |
| March 31, 2026 | $-0.81 | $-0.93 | 13.1% | |
| Dec. 31, 2025 | $-0.83 | $-0.97 | 14.8% | |
| Sept. 30, 2025 | $-0.92 | $-1.02 | 10.0% | |
| June 30, 2025 | $-0.98 | $-1.04 | 5.6% | |
| March 31, 2025 | $-1.10 | $-1.31 | 15.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $68M | $58M | $36M | $52M | $33M | $58M | $43M | $30M | $26M | $16M | |
| Cost of Revenue | · | · | · | · | $0 | $0 | $0 | $0 | · | · | |
| R&D Expense | $389M | $466M | $435M | $420M | $230M | $150M | $108M | $89M | $68M | $32M | |
| SG&A Expense | $120M | $126M | $116M | $90M | $71M | $44M | $41M | $32M | $28M | $17M | |
| Operating Expenses | $509M | $592M | $552M | $510M | $301M | $195M | $149M | $121M | $96M | $49M | |
| Operating Income | $-441M | $-534M | $-515M | $-458M | $-268M | $-137M | $-106M | $-91M | $-70M | $-32M | |
| Interest Income | $29M | $48M | $50M | $9M | $1M | $2M | $7M | $6M | $2M | $525.0K | |
| Other Non-op | $28M | $15M | $34M | $-16M | $-42.0K | $2M | $7M | · | · | · | |
| Pretax Income | · | · | · | · | · | · | · | · | $-68M | $-32M | |
| Income Tax | $0 | · | · | · | · | · | · | · | · | $0 | |
| Net Income | $-413M | $-519M | $-481M | $-474M | $-268M | $-134M | $-474M | $-85M | $-68M | $-32M | |
| EPS (Basic) | $-3.81 | $-5.25 | $-5.42 | $-6.16 | $-3.78 | $-2.40 | · | · | · | · | |
| EPS (Diluted) | $-3.81 | $-5.25 | $-5.42 | $-6.16 | $-3.78 | $-2.40 | · | · | · | · | |
| Shares (Basic) | 108,376,000 | 98,849,000 | 88,770,000 | 76,972,000 | 70,894,000 | 55,987,000 | · | · | · | · | |
| Shares (Diluted) | 108,376,000 | 98,849,000 | 88,770,000 | 76,972,000 | 70,894,000 | 55,987,000 | · | · | · | · | |
| EBITDA | $-431M | $-524M | $-506M | $-451M | $-261M | $-130M | $-101M | $-86M | · | $-32M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $155M | $189M | $227M | $524M | $123M | $160M | $57M | $59M | $341M | $273M | |
| Short-term Investments | $294M | $412M | $685M | $669M | $625M | $437M | $222M | $255M | · | · | |
| Receivables | $9M | $9M | $36M | $4M | $2M | $2M | $5M | $8M | $10M | $6M | |
| Prepaid Expense | $68M | $30M | $50M | $20M | $19M | $17M | $5M | $3M | $4M | $2M | |
| Current Assets | $528M | $640M | $998M | $1.22B | $769M | $617M | $289M | $325M | $355M | $281M | |
| PP&E (Net) | $18M | $27M | $33M | $28M | $21M | $16M | $18M | $17M | $15M | $11M | |
| PP&E (Gross) | $76M | $77M | $73M | $61M | $47M | $35M | $32M | $26M | $20M | $12M | |
| Accum. Depreciation | $59M | $50M | $40M | $33M | $26M | $19M | $14M | $9M | $4M | $1M | |
| Other Non-current Assets | · | · | · | · | · | $5M | $3M | $5M | $6M | $7M | |
| Total Assets | $842M | $1.19B | $1.30B | $1.52B | $1.29B | $676M | $334M | $347M | $376M | $299M | |
| Accounts Payable | $20M | $15M | $7M | $5M | $10M | $10M | $4M | $3M | $2M | $5M | |
| Accrued Liabilities | $50M | $55M | $67M | $61M | $43M | $26M | $13M | $11M | $8M | $6M | |
| Current Liabilities | $104M | $111M | $115M | $127M | $126M | $64M | $36M | $41M | $31M | $31M | |
| Capital Leases | $67M | $190M | $97M | $114M | $65M | $34M | $13M | · | · | · | |
| Other Non-current Liabilities | · | · | · | · | $0 | · | · | $13.0K | $168.0K | $293.0K | |
| Total Liabilities | $171M | $319M | $251M | $285M | · | · | · | · | · | · | |
| Common Stock | $12.0K | $10.0K | $9.0K | $9.0K | $7.0K | $7.0K | $5.0K | $5.0K | $4.0K | $4.0K | |
| Retained Earnings | $-2.59B | $-2.18B | $-1.66B | $-1.18B | $-703M | $-435M | $-301M | $-201M | $-121M | $-54M | |
| AOCI | $1M | $605.0K | $-2M | $-7M | $-3M | $1.0K | $261.0K | $-28.0K | · | · | |
| Stockholders' Equity | $671M | $872M | $1.05B | $1.24B | $1.04B | $527M | $270M | $278M | $301M | $210M | |
| Liabilities + Equity | $842M | $1.19B | $1.30B | $1.52B | $1.29B | $676M | $334M | $347M | $376M | $299M | |
| Shares Outstanding | 116,317,060 | 102,029,594 | 92,997,158 | 87,103,007 | 74,485,883 | 66,234,056 | 50,198,044 | 45,224,480 | 42,384,623 | 36,018,540 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $10M | $10M | $9M | $8M | $7M | $6M | $6M | $4M | $3M | $1M | |
| Stock-based Comp | $80M | $154M | $134M | $91M | $47M | $20M | $15M | $17M | $15M | $7M | |
| Other Non-cash | $-72M | $6M | $-56M | $42M | $-11M | $58M | $-24M | $3M | · | · | |
| Operating Cash Flow | $-395M | $-349M | $-394M | $-333M | $-225M | $-50M | $-103M | $-61M | $-65M | $36M | |
| CapEx | $1M | $6M | $14M | $14M | $13M | $4M | $7M | $6M | $10M | $6M | |
| Investing Cash Flow | $228M | $126M | $-31M | $160M | $-551M | $-214M | $25M | $-261M | $-10M | $-6M | |
| Stock Issued | $128M | $177M | $120M | · | $1.82B | $1.12B | $72M | $29M | $141M | $171M | |
| Net Stock Activity | $128M | · | · | · | $1.82B | $1.12B | $72M | $29M | · | $171M | |
| Financing Cash Flow | $131M | $186M | $130M | $583M | $737M | $372M | $76M | $40M | $143M | $167M | |
| Net Change in Cash | $-35M | $-38M | $-295M | $410M | $-39M | $107M | $-2M | $-282M | $68M | $197M | |
| Free Cash Flow | $-396M | $-355M | $-408M | $-347M | $-238M | $-53M | $-110M | $-68M | · | $30M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -651.7% | -923.1% | -1420.5% | -879.0% | -810.4% | -235.5% | -246.8% | -298.6% | · | · | |
| Net Margin | -609.8% | -896.8% | -1326.5% | -909.8% | -810.5% | -231.5% | -230.9% | -280.4% | · | · | |
| EBITDA Margin | -637.2% | -905.3% | -1395.8% | -864.5% | -789.5% | -224.6% | -233.8% | -283.9% | · | · | |
| ROA | -40.6% | -41.7% | -34.1% | -33.7% | -27.2% | -26.6% | -29.2% | -23.6% | · | -16.6% | |
| ROE | -59.5% | -56.6% | -46.1% | -46.0% | -24.9% | -31.3% | -36.5% | -31.5% | · | -33.5% | |
| ROIC | · | · | · | · | · | · | · | · | · | -15.3% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.1 | 5.8 | 8.7 | 9.6 | 6.1 | 9.6 | 8.1 | 8.0 | · | 9.2 | |
| Quick Ratio | 4.4 | 5.5 | 8.2 | 9.5 | 6.0 | 9.3 | 8.0 | 1.6 | · | 9.1 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | · | · | |
| Receivables Turnover | 7.5 | 6.7 | 1.7 | 13.4 | 14.6 | 34.7 | 10.5 | 3.4 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $5.77 | $8.55 | $11.29 | $14.19 | $13.97 | $10.50 | $5.38 | $6.15 | · | $5.83 | |
| Revenue / Share | $0.62 | $0.59 | $0.41 | $0.68 | · | · | · | · | · | · | |
| Cash Flow / Share | $-3.64 | $-3.53 | $-4.44 | $-4.33 | · | · | · | · | · | · | |
| Cash / Share | $1.34 | $1.85 | $2.44 | $6.01 | $1.66 | $3.19 | $1.14 | $1.30 | · | $7.58 | |
| EPS (TTM) | $-3.81 | $-5.25 | $-5.42 | $-6.16 | $-3.78 | $-2.40 | · | · | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 16.9% | 59.6% | -30.4% | 57.7% | -43.0% | · | · | · | · | · | |
| Revenue CAGR 3Y | 9.1% | 20.5% | -14.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 3.1% | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $68M | $58M | $36M | $52M | $33M | $58M | $43M | $30M | $26M | $16M | |
| Net Income TTM | $-413M | $-519M | $-481M | $-474M | $-268M | $-134M | $-474M | $-85M | $-68M | $-32M | |
| Market Cap | $1.05B | $1.19B | $2.84B | $3.04B | $8.81B | $2.73B | $736M | $617M | · | $472M | |
| P/E | -2.4 | -2.2 | -5.6 | -5.7 | -31.3 | -22.7 | · | · | · | · | |
| P/S | 15.5 | 20.6 | 78.2 | 58.3 | 266.5 | 47.1 | 17.1 | 20.3 | · | 28.7 | |
| P/B | 1.6 | 1.4 | 2.7 | 2.5 | 8.5 | 5.2 | 2.7 | 2.2 | · | 2.3 | |
| P / Tangible Book | 1.6 | 1.4 | 2.7 | 2.5 | 8.5 | 5.2 | · | · | · | · | |
| P / Cash Flow | -2.6 | -3.4 | -7.2 | -9.1 | -39.1 | -54.7 | -7.1 | -10.1 | · | 13.1 | |
| P / FCF | -2.6 | -3.4 | -6.9 | -8.8 | -37.0 | -51.0 | -6.7 | -9.1 | · | 15.8 | |
| Earnings Yield | -42.4% | -45.0% | -17.8% | -17.7% | -3.2% | -4.4% | · | · | · | · |
Income Statement
| 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 | $8M | $15M | $23M | $14M | $14M | $17M | $13M | $9M | $7M | $29M | $-2M | $12M | $14M | $13M | $14M | $13M | |
| R&D Expense | $83M | $81M | $89M | $95M | $97M | $108M | $117M | $123M | $114M | $112M | $109M | $114M | $115M | $97M | $100M | $97M | |
| SG&A Expense | $38M | $35M | $33M | $31M | $27M | $29M | $32M | $31M | $32M | $31M | $29M | $29M | $31M | $27M | $24M | $22M | |
| Operating Expenses | $120M | $116M | $122M | $125M | $124M | $137M | $149M | $154M | $146M | $143M | $138M | $143M | $146M | $125M | $124M | $119M | |
| Operating Income | $-113M | $-101M | $-99M | $-111M | $-110M | $-121M | $-136M | $-145M | $-139M | $-114M | $-140M | $-131M | $-132M | $-112M | $-110M | $-106M | |
| Interest Income | $6M | $5M | $6M | $7M | $7M | $9M | $11M | $12M | $12M | $13M | $12M | $13M | $13M | $12M | $5M | $2M | |
| Other Non-op | $6M | $4M | $3M | $10M | $9M | $6M | $8M | $9M | $-8M | $7M | $8M | $9M | $9M | $9M | $-3M | $-8M | |
| Net Income | $-107M | $-96M | $-96M | $-101M | $-101M | $-114M | $-129M | $-136M | $-147M | $-107M | $-132M | $-122M | $-124M | $-103M | $-113M | $-113M | |
| EPS (Basic) | $-0.80 | $-0.81 | $-0.81 | $-0.92 | $-0.98 | $-1.10 | $-1.27 | $-1.34 | $-1.52 | $-1.12 | $-1.47 | $-1.38 | $-1.40 | $-1.17 | $-1.38 | $-1.49 | |
| EPS (Diluted) | $-0.80 | $-0.81 | $-0.81 | $-0.92 | $-0.98 | $-1.10 | $-1.27 | $-1.34 | $-1.52 | $-1.12 | $-1.47 | $-1.38 | $-1.40 | $-1.17 | $-1.38 | $-1.49 | |
| Shares (Basic) | 133,480,000 | 118,490,000 | · | 110,188,000 | 103,732,000 | 103,500,000 | · | 101,002,000 | 96,975,000 | 95,502,000 | · | 88,645,000 | 88,185,000 | 87,772,000 | · | 76,047,000 | |
| Shares (Diluted) | 133,480,000 | 118,490,000 | · | 110,188,000 | 103,732,000 | 103,500,000 | · | 101,002,000 | 96,975,000 | 95,502,000 | · | 88,645,000 | 88,185,000 | 87,772,000 | · | 76,047,000 | |
| EBITDA | $-111M | $-98M | · | $-109M | $-107M | $-118M | · | $-145M | $-139M | $-111M | · | $-131M | $-132M | $-110M | · | $-106M |
Balance Sheet
| 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 | $106M | $135M | $155M | $193M | $156M | $127M | $189M | $120M | $131M | $172M | $227M | $168M | $172M | $294M | $524M | $141M | |
| Short-term Investments | $332M | $241M | $294M | $318M | $303M | $377M | $412M | $538M | $560M | $619M | · | $687M | $736M | $639M | · | $687M | |
| Receivables | $7M | $9M | $9M | $11M | $11M | $11M | $9M | $9M | $12M | $36M | $36M | $6M | $5M | $5M | $4M | $4M | |
| Prepaid Expense | $83M | $81M | $68M | $60M | $25M | $37M | $30M | $44M | $54M | $56M | · | $32M | $26M | $25M | · | $27M | |
| Current Assets | $528M | $466M | $528M | $582M | $496M | $551M | $640M | $711M | $757M | $884M | · | $893M | $940M | $964M | · | $859M | |
| PP&E (Net) | $15M | $16M | $18M | $20M | $23M | $25M | $27M | $29M | $30M | $32M | · | $34M | $33M | $32M | · | $27M | |
| PP&E (Gross) | · | · | $76M | · | · | · | $77M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $59M | · | · | · | $50M | · | · | · | · | · | · | · | · | · | |
| Total Assets | $857M | $759M | $842M | $925M | $899M | $986M | $1.19B | $1.17B | $1.19B | $1.26B | · | $1.24B | $1.32B | $1.42B | · | $1.08B | |
| Accounts Payable | $12M | $19M | $20M | $13M | $10M | $12M | $15M | $13M | $19M | $14M | · | $4M | $12M | $7M | · | $4M | |
| Accrued Liabilities | $44M | $38M | $50M | $41M | $42M | $41M | $55M | $51M | $45M | $43M | · | $58M | $50M | $45M | · | $58M | |
| Current Liabilities | $79M | $76M | $104M | $94M | $95M | $113M | $111M | $106M | $105M | $98M | · | $92M | $100M | $103M | · | $131M | |
| Capital Leases | $50M | $61M | $67M | $71M | $76M | $80M | $190M | $82M | $87M | $92M | · | $101M | $106M | $110M | · | $84M | |
| Total Liabilities | $129M | $138M | $171M | $177M | $184M | $206M | $319M | $211M | $220M | $223M | · | $206M | · | · | · | · | |
| Common Stock | $14.0K | $12.0K | $12.0K | $12.0K | $10.0K | $10.0K | $10.0K | $10.0K | $10.0K | $10.0K | · | $9.0K | $9.0K | $9.0K | · | $8.0K | |
| Retained Earnings | $-2.79B | $-2.69B | $-2.59B | $-2.49B | $-2.39B | $-2.29B | $-2.18B | $-2.05B | $-1.91B | $-1.77B | · | $-1.53B | $-1.40B | $-1.28B | · | $-1.06B | |
| AOCI | $-1M | $-240.0K | $1M | $990.0K | $653.0K | $1M | $605.0K | $3M | $-1M | $-947.0K | · | $-4M | $-4M | $-3M | · | $-9M | |
| Stockholders' Equity | $728M | $621M | $671M | $748M | $715M | $780M | $872M | $963M | $971M | $1.04B | $1.05B | $1.04B | $1.10B | $1.19B | $1.24B | $825M | |
| Liabilities + Equity | $857M | $759M | $842M | $925M | $899M | $986M | $1.19B | $1.17B | $1.19B | $1.26B | · | $1.24B | $1.32B | $1.42B | · | $1.08B | |
| Shares Outstanding | 140,018,200 | 120,447,521 | 116,317,060 | 115,787,285 | 105,330,693 | 103,539,685 | 102,029,594 | 101,796,365 | 98,289,150 | 96,333,373 | 92,997,158 | 89,097,821 | 88,347,634 | 88,095,779 | 87,103,007 | 76,587,947 |
Cash Flow
| 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 | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Stock-based Comp | $18M | $13M | $17M | $20M | $22M | $22M | $40M | $40M | $41M | $34M | $35M | $35M | $36M | $27M | $25M | $25M | |
| Restructuring | · | · | · | · | $6M | $6M | · | · | · | · | · | · | · | · | · | · | |
| Other Non-cash | · | $-37M | · | · | · | $-59M | · | · | · | $-50M | · | · | · | $-36M | · | · | |
| Operating Cash Flow | $-83M | $-117M | $-69M | $-77M | $-100M | $-149M | $-85M | $-85M | $-58M | $-121M | $-93M | $-101M | $-90M | $-109M | $-90M | $-79M | |
| CapEx | $2M | $79.0K | $126.0K | $29.0K | $239.0K | $735.0K | $981.0K | $1M | $1M | $3M | $2M | $4M | $4M | $4M | $4M | $4M | |
| Investing Cash Flow | $-142M | $66M | $28M | $-741.0K | $107M | $94M | $152M | $-8M | $-24M | $6M | $46M | $80M | $-35M | $-122M | $-30M | $48M | |
| Financing Cash Flow | $196M | $34M | $2M | $115M | $15M | $0 | $2M | $82M | $41M | $60M | $106M | $19M | $3M | $2M | $506M | $24M | |
| Net Change in Cash | $-29M | $-17M | $-40M | $37M | $22M | $-55M | $69M | $-10M | $-41M | $-55M | $59M | $-3M | $-122M | $-229M | $386M | $-7M | |
| Free Cash Flow | · | $-117M | · | · | · | $-150M | · | · | · | $-123M | · | · | · | $-113M | · | · |
Profitability
| 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 | -1472.2% | -668.1% | · | -808.9% | -772.2% | -726.6% | · | -1589.0% | -1998.6% | -394.0% | · | -1093.3% | -973.5% | -888.1% | · | -795.5% | |
| Net Margin | -1392.3% | -639.5% | · | -735.2% | -710.8% | -687.6% | · | -1489.5% | -2112.6% | -371.3% | · | -1019.2% | -909.8% | -818.1% | · | -853.5% | |
| EBITDA Margin | -1444.8% | -653.4% | · | -791.5% | -754.6% | -711.5% | · | -1589.0% | -1998.6% | -385.3% | · | -1093.3% | -973.5% | -871.9% | · | -795.5% | |
| ROA | -12.1% | -11.0% | · | -9.7% | -9.7% | -10.2% | · | -11.2% | -11.7% | -8.0% | · | -10.5% | -10.2% | -7.9% | · | -9.4% | |
| ROE | -14.8% | -13.7% | · | -11.8% | -12.0% | -12.6% | · | -13.6% | -14.2% | -9.7% | · | -13.1% | -12.5% | -9.6% | · | -11.7% |
Liquidity & Solvency
| 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 | 6.6 | 6.1 | · | 6.2 | 5.2 | 4.9 | · | 6.7 | 7.2 | 9.0 | · | 9.7 | 9.4 | 9.3 | · | 6.6 | |
| Quick Ratio | 5.6 | 5.0 | · | 5.6 | 4.9 | 4.6 | · | 6.3 | 6.7 | 8.5 | · | 9.4 | 9.1 | 9.1 | · | 6.3 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | |
| Receivables Turnover | 0.8 | 1.5 | · | 1.4 | 1.2 | 0.7 | · | 1.2 | 0.8 | 1.4 | · | 2.3 | 3.4 | 3.8 | · | 4.1 |
Per Share
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $5.20 | $5.16 | · | $6.46 | $6.79 | $7.53 | · | $9.46 | $9.88 | $10.76 | · | $11.64 | $12.51 | $13.52 | · | $10.77 | |
| Revenue / Share | $0.06 | $0.13 | · | $0.13 | $0.14 | $0.16 | · | $0.09 | $0.07 | $0.30 | · | $0.14 | $0.15 | $0.14 | · | $0.17 | |
| Cash Flow / Share | · | $-0.99 | · | · | · | $-1.44 | · | · | · | $-1.26 | · | · | · | $-1.25 | · | · | |
| Cash / Share | $0.76 | $1.12 | · | $1.67 | $1.48 | $1.23 | · | $1.18 | $1.33 | $1.79 | · | $1.89 | $1.94 | $3.34 | · | $1.84 | |
| EPS (TTM) | $-3.34 | $-3.52 | · | $-4.27 | $-4.69 | $-5.23 | · | $-5.45 | $-5.49 | $-5.37 | · | $-5.33 | $-5.44 | $-5.37 | · | $-5.88 |
Valuation (TTM)
| 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 | $60M | $66M | · | $58M | $53M | $46M | · | $43M | $46M | $53M | · | $52M | $53M | $53M | · | $51M | |
| Net Income TTM | $-400M | $-395M | · | $-446M | $-480M | $-526M | · | $-522M | $-509M | $-486M | · | $-462M | $-453M | $-430M | · | $-442M | |
| Market Cap | $2.37B | $1.54B | · | $2.00B | $988M | $736M | · | $2.09B | $2.20B | $2.65B | · | $2.82B | $3.60B | $3.28B | · | $4.29B | |
| P/E | -5.1 | -3.6 | · | -4.0 | -2.0 | -1.4 | · | -3.8 | -4.1 | -5.1 | · | -5.9 | -7.5 | -6.9 | · | -9.5 | |
| P/S | 39.8 | 23.4 | · | 34.8 | 18.7 | 16.2 | · | 48.6 | 47.9 | 50.4 | · | 54.4 | 67.9 | 61.4 | · | 83.4 | |
| P/B | 3.3 | 2.5 | · | 2.7 | 1.4 | 0.9 | · | 2.2 | 2.3 | 2.6 | · | 2.7 | 3.3 | 2.8 | · | 5.2 | |
| P / Tangible Book | 3.3 | 2.5 | · | 2.7 | 1.4 | 0.9 | · | 2.2 | 2.3 | 2.6 | · | 2.7 | 3.3 | 2.8 | · | 5.2 | |
| P / Cash Flow | · | -13.2 | · | · | · | -4.9 | · | · | · | -22.0 | · | · | · | -30.0 | · | · | |
| Earnings Yield | -19.7% | -27.5% | · | -24.7% | -50.0% | -73.6% | · | -26.5% | -24.5% | -19.5% | · | -16.9% | -13.3% | -14.4% | · | -10.5% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $68M | $58M | $36M | $52M | $33M |
| Operating Margin % | -651.7% | -923.1% | -1420.5% | -879.0% | -810.4% |
| Net Income | $-413M | $-519M | $-481M | $-474M | $-268M |
| Diluted EPS | $-3.81 | $-5.25 | $-5.42 | $-6.16 | $-3.78 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 5.1 | 5.8 | 8.7 | 9.6 | 6.1 |
| Quick Ratio | 4.4 | 5.5 | 8.2 | 9.5 | 6.0 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-396M | $-355M | $-408M | $-347M | $-238M |
Institutional owners (13F) 368 filers · $2.6B total · As of Sept. 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.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 58 (-11 vs prior Q) | 28 (-14 vs prior Q) | 142 (+12 vs prior Q) | 85 (+18 vs prior Q) | +32.2M |
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 |
|---|---|---|---|---|
| ARK Investment Management LLC | $285,536,575 | 16,875,684 | 10.90% | Shares |
| BlackRock, Inc. | $260,720,664 | 15,409,023 | 9.96% | Shares |
| STATE STREET CORP | $156,255,980 | 9,234,987 | 5.97% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $124,064,225 | 7,332,401 | 4.74% | Shares |
| VANGUARD GROUP INC | $116,959,909 | 13,010,001 | 4.47% | Shares |
| D. E. Shaw & Co., Inc. | $109,021,025 | 6,443,323 | 4.16% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $102,003,675 | 6,028,586 | 3.90% | Shares |
| TWO SIGMA INVESTMENTS, LP | $88,582,088 | 5,235,348 | 3.38% | Shares |
| FMR LLC | $80,759,741 | 4,773,034 | 3.08% | Shares |
| RA CAPITAL MANAGEMENT, L.P. | $76,595,588 | 4,526,926 | 2.93% | Shares |
| REGENERON PHARMACEUTICALS, INC. | $62,654,675 | 3,702,995 | 2.39% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $61,449,402 | 3,631,061 | 2.35% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $55,510,459 | 3,280,760 | 2.12% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $49,026,191 | 2,897,529 | 1.87% | Shares |
| Amova Asset Management Americas, Inc. | $49,026,191 | 2,897,529 | 1.87% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $44,038,979 | 2,602,944 | 1.68% | Shares |
| GOLDMAN SACHS GROUP INC | $38,314,849 | 2,264,471 | 1.46% | Shares |
| UBS Group AG | $36,427,270 | 2,152,912 | 1.39% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $34,962,744 | 2,066,356 | 1.34% | Shares |
| Contrarius Group Holdings Ltd | $33,082,458 | 1,955,228 | 1.26% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $31,293,658 | 1,849,507 | 1.20% | Shares |
| MORGAN STANLEY | $29,303,849 | 1,731,905 | 1.12% | Shares |
| ARMISTICE CAPITAL, LLC | $25,380,000 | 1,500,000 | 0.97% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $23,688,068 | 1,400,004 | 0.90% | Shares |
| NORTHERN TRUST CORP | $21,524,541 | 1,272,136 | 0.82% | Shares |
| TWO SIGMA ADVISERS, LP | $21,093,390 | 2,346,317 | 0.81% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $20,438,362 | 1,207,941 | 0.78% | Shares |
| Ghisallo Capital Management LLC | $20,304,000 | 1,200,000 | 0.78% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $18,227,916 | 1,077,300 | 0.70% | Call option |
| Woodline Partners LP | $18,194,905 | 1,075,349 | 0.69% | Shares |
| STIFEL FINANCIAL CORP | $17,163,415 | 1,014,387 | 0.66% | Shares |
| BANK OF AMERICA CORP /DE/ | $16,517,576 | 976,216 | 0.63% | Shares |
| BAKER BROS. ADVISORS LP | $15,739,525 | 930,232 | 0.60% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $15,585,367 | 921,121 | 0.60% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $15,210,454 | 898,963 | 0.58% | Shares |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd | $13,162,880 | 777,948 | 0.50% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $12,284,884 | 726,057 | 0.47% | Shares |
| FEDERATED HERMES, INC. | $12,283,412 | 725,970 | 0.47% | Shares |
| RAYMOND JAMES FINANCIAL INC | $11,833,679 | 699,390 | 0.45% | Shares |
| ROYAL BANK OF CANADA | $11,394,000 | 673,340 | 0.44% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $10,958,729 | 647,679 | 0.42% | Shares |
| Marex Group Ltd | $10,551,312 | 623,600 | 0.40% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $9,776,799 | 577,825 | 0.37% | Shares |
| Vestmark Advisory Solutions, Inc. | $9,015,264 | 532,817 | 0.34% | Shares |
| JPMORGAN CHASE & CO | $8,867,081 | 527,662 | 0.34% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $8,340,783 | 492,954 | 0.32% | Shares |
| MILLENNIUM MANAGEMENT LLC | $8,311,544 | 491,226 | 0.32% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $7,267,140 | 429,500 | 0.28% | Put option |
| Invesco Ltd. | $6,971,209 | 412,010 | 0.27% | Shares |
| Bank of New York Mellon Corp | $6,948,265 | 410,654 | 0.27% | Shares |
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 |
|---|---|---|---|---|---|
| Novartis Institutes for BioMedical Research, Inc., Novartis AG ×6 filings | Jan. 22, 2021 | · | Initial filing | · | SEC |
| OrbiMed Advisors LLC, OrbiMed Capital GP V LLC, OrbiMed Global Healthcare GP LLC ×4 filings | Feb. 16, 2018 | · | 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.
Company insiders 32 insiders · 17 officers · 16 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| John M. Leonard | President and CEO | Aug. 21, 2026 S | 1,147,064 | 0 | 6 | $-1,437,688 |
| Nessan Bermingham | President & CEO | Dec. 12, 2017 A | 458,250 | 0 | 0 | $0 |
| Edward J Dulac III | EVP, Chief Financial Officer | July 22, 2026 S | 148,175 | 0 | 3 | $-234,186 |
| Glenn Goddard | EVP, Chief Financial Officer | March 1, 2024 A | 69,213 | 0 | 0 | $0 |
| Graeme Bell | EVP, Chief Financial Officer | March 28, 2018 M | 21,400 | 0 | 0 | $0 |
| Andrew Schiermeier | EVP, Chief Operating Officer | March 3, 2021 A | 16,656 | 0 | 0 | $0 |
| Dube Michael P | VP, Chief Accounting Officer | July 1, 2026 S | 66,886 | 0 | 2 | $-71,845 |
| Birgit C Schultes | EVP, Chief Scientific Officer | March 1, 2026 A | 137,733 | 0 | 1 | $-78,359 |
| Eliana Clark | EVP, Chief Technical Officer | March 1, 2026 A | 93,864 | 0 | 2 | $-95,997 |
| David Lebwohl | EVP, Chief Medical Officer | March 1, 2026 A | 131,192 | 0 | 1 | $-109,627 |
| James Basta | EVP, General Counsel | March 1, 2026 A | 156,794 | 0 | 2 | $-112,444 |
| Derek Hicks | EVP, Chief Business Officer | Jan. 3, 2025 S | 59,878 | 0 | 0 | $0 |
| Laura Sepp-Lorenzino | EVP, Chief Scientific Officer | Jan. 3, 2025 S | 77,388 | 0 | 0 | $0 |
| Jose E Rivera | EVP, General Counsel | April 1, 2021 M | 162,388 | 0 | 0 | $0 |
| Nicole Heifner | SVP, Accounting | Jan. 6, 2017 A | · | 0 | 0 | $0 |
| David V Morrissey | SVP, Platform & Delivery Tech | Jan. 6, 2017 A | · | 0 | 0 | $0 |
| Thomas M. Barnes | SVP, R&D eXtellia | Jan. 6, 2017 A | · | 0 | 0 | $0 |
| Muna Bhanji | Director | June 9, 2026 A | 36,403 | 0 | 0 | $0 |
| Georgia Keresty | Director | June 9, 2026 A | 41,083 | 0 | 0 | $0 |
| Jesse Goodman | Director | June 9, 2026 A | 33,559 | 0 | 0 | $0 |
| William J Chase | Director | June 9, 2026 A | 143,893 | 0 | 0 | $0 |
| Brian Goff | Director | June 9, 2026 A | 32,609 | 0 | 0 | $0 |
| Frank Verwiel | Director | June 9, 2026 A | 35,148 | 0 | 0 | $0 |
| Fred Cohen | Director | June 9, 2026 A | 216,653 | 1 | 0 | $1,402,500 |
| John F Crowley | Director | June 14, 2023 A | 11,716 | 0 | 0 | $0 |
| Caroline Dorsa | Director | June 14, 2022 A | 12,701 | 0 | 0 | $0 |
| FORMELA JEAN FRANCOIS | Director | June 14, 2022 A | 7,291 | 0 | 0 | $0 |
| Perry A Karsen | Director | Dec. 17, 2020 M | 5,000 | 0 | 0 | $0 |
| Moncef Slaoui | Director | July 25, 2017 A | · | 0 | 0 | $0 |
| GORDON CARL L | Director | May 18, 2017 A | 2,662,180 | 0 | 0 | $0 |
| Rachel E. Haurwitz | Director | May 11, 2016 C | 5,593,846 | 0 | 0 | $0 |
| Caribou Biosciences, Inc. | 10% owner | Jan. 29, 2018 S | 3,994,355 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 40 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 |
|---|---|---|---|---|
| ARKK · ARK ETF Trust | 1.92% | 9,987,315 NS | July 31, 2026 | N-PORT |
| ARKG · ARK ETF Trust | 1.83% | 2,667,062 NS | July 31, 2026 | N-PORT |
| BBC · ETFis Series Trust I | 0.59% | 25,666 NS | July 31, 2026 | N-PORT |
| IDNA · iShares Trust | 0.49% | 105,114 SH | Sept. 11, 2026 | Daily |
| LABU · Direxion Shares ETF Trust | 0.42% | 195,077 NS | July 31, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.34% | 414,920 NS | July 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.16% | 206,226 NS | July 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.15% | 330,921 SH | Oct. 2, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.15% | 117,485 SH | Aug. 19, 2026 | Daily |
| PWS · Pacer Funds Trust | 0.12% | 2,665 NS | July 31, 2026 | N-PORT |
| IBB · iShares Trust | 0.12% | 1,009,985 SH | Sept. 11, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.11% | 9,947 SH | Oct. 2, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.07% | 777,703 SH | Aug. 19, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.07% | 37,588 NS | July 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.06% | 1,798,189 SH | Aug. 19, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.06% | 36,121 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.05% | 3,460,176 SH | Sept. 11, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.05% | 10,599 SH | Oct. 1, 2026 | Daily |
| RSSL · Global X Funds | 0.05% | 64,559 NS | July 31, 2026 | N-PORT |
| TECB · iShares Trust | 0.03% | 13,023 SH | Sept. 11, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.03% | 436,531 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.03% | 1,604,561 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.03% | 3,110,166 SH | Aug. 19, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.03% | 385,422 SH | Aug. 19, 2026 | Daily |
| FHLC · FIDELITY COVINGTON TRUST | 0.02% | 61,000 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.02% | 8,404 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 6,861 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.01% | 366,640 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 18,798 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 6,589 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 32,357 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 197,386 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 48,545 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 36,220 SH | Sept. 10, 2026 | Daily |
| TILT · FlexShares Trust | 0.00% | 3,240 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 4,287,628 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 11,162 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | · | 1,269,399 SH | Sept. 11, 2026 | Daily |
| ISCB · iShares Trust | · | 5,883 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 29,274 SH | Sept. 11, 2026 | Daily |
NTLA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
17 analysts · 2026-10-01Mean target $24.00 +95.8%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NTLA | $1.05B | -2.4 | 16.9% | -609.8% | -59.5% | · |
| VIR | $841M | -1.9 | -7.6% | -638.9% | -51.1% | · |
| PVLA | $1.30B | -28.2 | 65.3% | -1610.6% | -110.1% | · |
| SRPT | $2.26B | -3.0 | 15.6% | -32.5% | -57.1% | · |
| GENB | · | · | · | · | · | · |
| NVAX | $1.09B | 2.6 | 64.7% | 39.2% | -977.1% | · |
| STOK | $1.87B | -264.5 | 404.5% | -3.7% | -2.0% | · |
| ZYME | $1.97B | -24.4 | 38.9% | -76.6% | -26.9% | · |
| XNCR | $1.10B | -12.3 | 13.7% | -73.2% | -14.0% | · |
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