REPL Replimune Group, Inc. - Common Stock
$14.87
Price · Aug 18, 2026
Fundamentals as of Aug 14, 2026
52W Range
$2–$16
94% of range
Analyst Rating
BUY
14 analysts
Price Target
$19
+30% upside
P/E (TTM)
-4.4
ROE
-146.2%
Net Profit Margin
—
REPL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$14.87
Market Cap
$1.23B
P/E (TTM)
-4.4
EPS (TTM)
$-3.38
Revenue (TTM)
—
Div Yield
—
ROE
-146.2%
Debt/Equity
0.5
52W Range
$2 – $16
REPL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
$-3.38
2021-03-31
→
2026-03-31
Free Cash Flow
$-285M
2020-03-31
→
2026-03-31
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
REPL
Peer Median
P/E (TTM)
-4.4
—
P/B
7.4
4.4
EV / EBITDA
-3.3
—
Price / FCF
-4.3
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
REPL
Peer Median
ROA
-71.0%
-53.3%
ROE
-146.2%
-84.0%
ROIC
-128.0%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
REPL
Peer Median
Debt / Equity
0.5
27.5
Current Ratio
4.8
6.3
Quick Ratio
4.6
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
REPL
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
REPL
Peer Median
REPL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
14 analysts
- Strong Buy 4 28.6%
- Buy 7 50.0%
- Hold 2 14.3%
- Sell 1 7.1%
- Strong Sell 0 0.0%
12-Month Price Target
6 analysts · 2026-08-17
Median
$19.50
Now
$14.87
Low
$14.00
High
$24.00
Median target
$19.50
+31.2%
Mean target
$19.33
+30.1%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-0.76 | $-0.73 | -0.03% |
| Dec. 31, 2025 | $-0.77 | $-0.91 | 0.14% |
| Sept. 30, 2025 | $-0.90 | $-0.80 | -0.10% |
| June 30, 2025 | $-0.95 | $-0.82 | -0.13% |
| March 31, 2025 | $-0.82 | $-0.77 | -0.05% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| REPL | $633M | -2.3 | — | — | -146.2% | — |
| MGTX | $645M | -5.6 | 144.6% | -140.3% | 8062.2% | — |
| CRVS | $575M | -14.5 | — | — | -21.6% | — |
| MNKD | $1.75B | 283.5 | 22.2% | 1.7% | -11.1% | — |
| VOR | $506M | -0.2 | — | — | 83.4% | — |
| SANA | $1.09B | -4.2 | — | — | -172.3% | — |
| SVRA | $1.23B | -11.4 | — | — | -73.4% | — |
| AVTX | $336M | -3.1 | -86.6% | -132642.4% | -83.4% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| R&D Expense | $221M | $189M | $175M | $127M | $80M | $57M | $39M | $22M | $14M | |
| SG&A Expense | $99M | $72M | $60M | $51M | $39M | $23M | $17M | $9M | $6M | |
| Operating Expenses | $320M | $262M | $235M | $177M | $118M | $80M | $56M | $31M | $19M | |
| Operating Income | $-320M | $-262M | $-235M | $-177M | $-118M | $-80M | $-56M | $-31M | $-19M | |
| Other Non-op | $-942.0K | $-202.0K | $771.0K | $-6M | $-1M | $-665.0K | $-16.0K | $451.0K | $-2M | |
| Pretax Income | $-314M | $-247M | $-215M | $-174M | $-118M | $-81M | $-53M | $-31M | $-20M | |
| Income Tax | $-551.0K | $468.0K | $408.0K | $288.0K | $0 | $0 | $0 | $0 | $0 | |
| Net Income | $-314M | $-247M | $-216M | $-174M | $-118M | $-81M | $-53M | $-31M | $-20M | |
| EPS (Basic) | $-3.38 | $-3.07 | $-3.24 | $-2.99 | $-2.26 | $-1.75 | · | · | · | |
| EPS (Diluted) | $-3.38 | $-3.07 | $-3.24 | $-2.99 | $-2.26 | $-1.75 | · | · | · | |
| Shares (Basic) | 92,803,711 | 80,564,147 | 66,569,894 | 58,213,010 | 52,212,269 | 46,248,969 | · | · | · | |
| Shares (Diluted) | 92,803,711 | 80,564,147 | 66,569,894 | 58,213,010 | 52,212,269 | 46,248,969 | · | · | · | |
| EBITDA | $-317M | $-258M | $-232M | $-175M | $-116M | $-78M | $-56M | · | · |
Balance Sheet 23
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $209M | $111M | $74M | $147M | $106M | $183M | $60M | $26M | $18M | |
| Short-term Investments | $60M | $373M | $346M | $437M | $290M | $294M | $109M | $109M | $44M | |
| Prepaid Expense | $9M | $8M | $8M | $6M | $5M | $4M | $3M | $4M | $763.0K | |
| Current Assets | $279M | $496M | $434M | $593M | $404M | $484M | $174M | $141M | $65M | |
| PP&E (Net) | $13M | $14M | $10M | $7M | $8M | $7M | $7M | $12M | $370.0K | |
| PP&E (Gross) | $30M | $27M | $20M | $15M | $13M | $10M | $8M | $13M | $626.0K | |
| Accum. Depreciation | $17M | $13M | $10M | $7M | $5M | $3M | $937.0K | $404.0K | $256.0K | |
| Other Non-current Assets | $3M | $1M | $0 | · | · | · | · | · | · | |
| Total Assets | $332M | $551M | $488M | $647M | $461M | $543M | $234M | $154M | $65M | |
| Accounts Payable | $7M | $12M | $3M | $5M | $4M | $2M | $3M | $7M | $2M | |
| Current Liabilities | $58M | $62M | $40M | $34M | $21M | $15M | $12M | $10M | $5M | |
| Capital Leases | $2M | $3M | $4M | $4M | $5M | $5M | $4M | · | · | |
| Other Non-current Liabilities | $455.0K | $941.0K | $786.0K | $472.0K | $0 | · | · | · | · | |
| Total Liabilities | $166M | $135M | $113M | $91M | $50M | $44M | $50M | $16M | $7M | |
| Long-term Debt | · | · | · | $29M | $0 | · | $10M | · | · | |
| Total Debt | $83M | $46M | $45M | $29M | · | · | · | · | · | |
| Common Stock | $82.0K | $77.0K | $61.0K | $57.0K | $47.0K | $47.0K | $37.0K | $32.0K | $5.0K | |
| Paid-in Capital | $1.42B | $1.36B | $1.07B | $1.03B | $723M | $692M | $297M | $199M | $1M | |
| Retained Earnings | $-1.26B | $-949M | $-701M | $-485M | $-311M | $-193M | $-112M | $-60M | $-29M | |
| AOCI | $5M | $5M | $5M | $6M | $-973.0K | $-394.0K | $-982.0K | $-1M | $-238.0K | |
| Stockholders' Equity | $166M | $416M | $375M | $555M | $411M | $499M | $184M | $138M | $-28M | |
| Liabilities + Equity | $332M | $551M | $488M | $647M | $461M | $543M | $234M | $154M | $65M | |
| Shares Outstanding | 82,716,923 | 77,085,024 | 61,415,105 | 56,676,313 | 47,338,660 | 46,566,481 | 36,668,743 | 31,656,950 | 5,007,485 |
Cash Flow 14
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3M | $4M | $3M | $2M | $2M | $2M | $533.0K | $148.0K | $109.0K | |
| Stock-based Comp | $32M | $35M | $34M | $28M | $24M | $12M | $8M | $3M | $812.0K | |
| Other Non-cash | $-2M | $17M | $-6M | $16M | $9M | $6M | $-16M | · | · | |
| Operating Cash Flow | $-280M | $-192M | $-185M | $-128M | $-82M | $-61M | $-61M | $-25M | $-16M | |
| CapEx | $4M | $7M | $6M | $2M | $2M | $2M | $7M | $3M | $136.0K | |
| Investing Cash Flow | $311M | $-24M | $97M | $-143M | $-2M | $-189M | $-5M | $-66M | $-44M | |
| Debt Issued | $35M | $0 | $15M | $28M | $0 | · | $10M | · | · | |
| Net Debt Issued | $35M | $0 | $15M | $28M | $0 | $-10M | $10M | · | · | |
| Stock Issued | · | $156M | $0 | $150M | $0 | $286M | · | · | · | |
| Net Stock Activity | · | $156M | $0 | $150M | $0 | · | · | · | · | |
| Financing Cash Flow | $66M | $252M | $16M | $311M | $7M | $372M | $100M | $101M | $55M | |
| Net Change in Cash | $98M | $37M | $-72M | $41M | $-77M | $123M | $34M | $9M | $-3M | |
| Taxes Paid | $-5.0K | $105.0K | $300.0K | $0 | $55.0K | $0 | · | · | · | |
| Free Cash Flow | $-285M | $-199M | $-191M | $-130M | $-85M | $-64M | $-67M | · | · |
Profitability 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -71.0% | -47.6% | -38.0% | -31.5% | -23.5% | -20.8% | -27.1% | · | · | |
| ROE | -146.2% | -55.1% | -54.2% | -30.3% | -27.8% | -15.9% | -27.6% | · | · | |
| ROIC | -128.0% | -56.7% | -56.1% | -30.4% | · | -16.0% | -30.6% | · | · |
Liquidity & Solvency 4
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.8 | 8.0 | 10.7 | 17.5 | 19.5 | 33.3 | 14.7 | · | · | |
| Quick Ratio | 4.6 | 7.8 | 10.4 | 17.2 | 19.1 | 32.7 | 14.2 | · | · | |
| Debt / Equity | 0.5 | 0.1 | 0.1 | 0.1 | · | · | · | · | · | |
| LT Debt / Equity | 0.5 | 0.1 | 0.1 | 0.1 | · | · | · | · | · |
Valuation (TTM) 11
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $-314M | $-247M | $-216M | $-174M | $-118M | $-81M | $-53M | $-31M | · | |
| Market Cap | $633M | $752M | $502M | $1.00B | $804M | $1.42B | $366M | · | · | |
| Enterprise Value | $447M | $314M | $126M | $446M | · | · | · | · | · | |
| P/E | -2.3 | -3.2 | -2.5 | -5.9 | -7.5 | -17.4 | · | · | · | |
| P/B | 3.8 | 1.8 | 1.3 | 1.8 | 2.0 | 2.8 | 2.0 | · | · | |
| P / Tangible Book | 3.8 | 1.8 | 1.3 | 1.8 | 2.0 | 2.8 | · | · | · | |
| P / Cash Flow | -2.3 | -3.9 | -2.7 | -7.8 | -9.8 | -23.1 | -6.0 | · | · | |
| P / FCF | -2.2 | -3.8 | -2.6 | -7.7 | -9.5 | -22.3 | -5.4 | · | · | |
| EV / EBITDA | -1.4 | -1.2 | -0.5 | -2.6 | · | · | · | · | · | |
| EV / FCF | -1.6 | -1.6 | -0.7 | -3.4 | · | · | · | · | · | |
| Earnings Yield | -44.2% | -31.5% | -39.7% | -16.9% | -13.3% | -5.7% | · | · | · |
Income Statement 13
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D Expense | $49M | $52M | $53M | $58M | $58M | $55M | $48M | $43M | $43M | $49M | $40M | $38M | $30M | $29M | |
| SG&A Expense | $19M | $21M | $19M | $26M | $33M | $24M | $18M | $15M | $14M | $15M | $15M | $15M | $11M | $13M | |
| Operating Expenses | $68M | $73M | $72M | $84M | $90M | $79M | $66M | $59M | $57M | $64M | $56M | $53M | $42M | $42M | |
| Operating Income | $-68M | $-73M | $-72M | $-84M | $-90M | $-79M | $-66M | $-59M | $-57M | $-64M | $-56M | $-53M | $-42M | $-42M | |
| Other Non-op | $-688.0K | $-77.0K | $-580.0K | $-876.0K | $591.0K | $645.0K | $-3M | $2M | $1M | $-1M | $1M | $-1M | $147.0K | $-3M | |
| Pretax Income | · | $-73M | $-71M | · | · | $-74M | $-66M | $-53M | $-51M | $-60M | $-49M | $-49M | $-40M | $-43M | |
| Income Tax | · | $-240.0K | $-311.0K | $0 | $0 | $-107.0K | $575.0K | $0 | $473.0K | $-201.0K | $201.0K | $288.0K | $0 | $0 | |
| Net Income | $-70M | $-73M | $-71M | $-83M | $-87M | $-74M | $-66M | $-53M | $-51M | $-60M | $-50M | $-39M | $-40M | $-43M | |
| EPS (Basic) | $-0.72 | $-0.76 | $-0.77 | $-0.90 | $-0.95 | $-0.82 | $-0.79 | $-0.68 | $-0.77 | $-0.90 | $-0.75 | $-0.73 | $-0.69 | $-0.79 | |
| EPS (Diluted) | $-0.72 | $-0.76 | $-0.77 | $-0.90 | $-0.95 | $-0.82 | $-0.79 | $-0.68 | $-0.77 | $-0.90 | $-0.75 | $-0.73 | $-0.69 | $-0.79 | |
| Shares (Basic) | 96,864,452 | -182,815,838 | 92,187,581 | 91,915,769 | 91,516,199 | -150,690,765 | 83,498,892 | 78,570,135 | 66,645,691 | 66,582,280 | 66,367,702 | -108,625,859 | 57,857,132 | 54,770,291 | |
| Shares (Diluted) | 96,864,452 | -182,815,838 | 92,187,581 | 91,915,769 | 91,516,199 | -150,690,765 | 83,498,892 | 78,570,135 | 66,645,691 | 66,582,280 | 66,367,702 | -108,625,859 | 57,857,132 | 54,770,291 | |
| EBITDA | $-67M | · | $-71M | $-83M | $-90M | · | $-65M | $-58M | $-57M | $-64M | $-55M | · | $-42M | $-42M |
Balance Sheet 23
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $185M | $209M | $123M | $102M | $97M | $111M | $172M | $113M | $98M | $76M | $106M | $147M | $207M | $89M | |
| Short-term Investments | $10M | $60M | $146M | $221M | $306M | $373M | $364M | $319M | $369M | $421M | $433M | $437M | $410M | $283M | |
| Prepaid Expense | $5M | $9M | $8M | $8M | $8M | $8M | $8M | $9M | $9M | $9M | $8M | $6M | $6M | $5M | |
| Current Assets | $201M | $279M | $280M | $334M | $413M | $496M | $548M | $443M | $479M | $508M | $550M | $593M | $624M | $379M | |
| PP&E (Net) | $12M | $13M | $14M | $15M | $15M | $14M | $14M | $13M | $9M | $8M | $8M | $7M | $8M | $8M | |
| PP&E (Gross) | $30M | $30M | $30M | $30M | $29M | $27M | $26M | $24M | $19M | $17M | $15M | $15M | $14M | $14M | |
| Accum. Depreciation | $18M | $17M | $16M | $15M | $14M | $13M | $13M | $12M | $9M | $9M | $8M | $7M | $7M | $6M | |
| Other Non-current Assets | $3M | $3M | $1M | $1M | $1M | $1M | $1M | · | · | · | · | · | · | · | |
| Total Assets | $252M | $332M | $334M | $389M | $470M | $551M | $604M | $498M | $533M | $562M | $604M | $647M | $679M | $436M | |
| Accounts Payable | $4M | $7M | $6M | $6M | $15M | $12M | $7M | $8M | $4M | $4M | $5M | $5M | $4M | $4M | |
| Current Liabilities | $38M | $58M | $50M | $53M | $60M | $62M | $48M | $44M | $39M | $40M | $32M | $34M | $26M | $24M | |
| Capital Leases | $2M | $2M | $3M | $3M | $3M | $3M | $3M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | |
| Other Non-current Liabilities | $455.0K | $455.0K | $693.0K | $941.0K | $941.0K | $941.0K | $1M | $786.0K | $793.0K | $472.0K | $578.0K | $472.0K | · | · | |
| Total Liabilities | $147M | $166M | $123M | $126M | $133M | $135M | $121M | $117M | $111M | $97M | $90M | $91M | $83M | $52M | |
| Long-term Debt | · | · | · | · | · | · | · | · | $44M | $29M | $29M | · | $28M | · | |
| Total Debt | $84M | · | $48M | $47M | $47M | · | $46M | · | · | · | · | · | · | · | |
| Common Stock | $84.0K | $82.0K | $79.0K | $78.0K | $78.0K | $77.0K | $77.0K | $68.0K | $61.0K | $59.0K | $57.0K | $57.0K | $57.0K | $50.0K | |
| Paid-in Capital | $1.43B | $1.42B | $1.39B | $1.38B | $1.37B | $1.36B | $1.35B | $1.19B | $1.06B | $1.05B | $1.05B | $1.03B | $1.03B | $778M | |
| Retained Earnings | $-1.33B | $-1.26B | $-1.19B | $-1.12B | $-1.04B | $-949M | $-874M | $-808M | $-646M | $-595M | $-535M | $-485M | $-436M | $-397M | |
| AOCI | $6M | $5M | $6M | $5M | $4M | $5M | $6M | $4M | $5M | $5M | $4M | $6M | $4M | $3M | |
| Stockholders' Equity | $106M | $166M | $211M | $263M | $337M | $416M | $482M | $381M | $422M | $465M | $514M | $555M | $595M | $384M | |
| Liabilities + Equity | $252M | $332M | $334M | $389M | $470M | $551M | $604M | $498M | $533M | $562M | $604M | $647M | $679M | $436M | |
| Shares Outstanding | 83,979,366 | 82,716,923 | 79,631,167 | 78,403,255 | 77,807,174 | 77,085,024 | 77,009,058 | 68,394,588 | 61,387,786 | 59,059,343 | 58,976,325 | 56,676,313 | 56,632,999 | 49,739,407 |
Cash Flow 13
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $937.0K | $859.0K | $800.0K | $800.0K | $873.0K | $866.0K | $1M | $900.0K | $700.0K | $700.0K | $621.0K | $528.0K | $682.0K | $617.0K | |
| Stock-based Comp | $8M | $8M | $7M | $8M | $9M | $8M | $9M | $9M | $8M | $11M | $9M | $7M | $7M | $7M | |
| Other Non-cash | $-15M | · | · | · | $42.0K | · | · | · | · | · | $-8M | · | · | · | |
| Operating Cash Flow | $-76M | $-56M | $-66M | $-81M | $-77M | $-54M | $-51M | $-39M | $-47M | $-59M | $-49M | $-33M | $-29M | $-33M | |
| CapEx | $6.0K | $5.0K | $135.0K | $1M | $3M | $1M | $2M | $2M | $2M | $1M | $449.0K | $251.0K | $555.0K | $396.0K | |
| Investing Cash Flow | $50M | $87M | $75M | $84M | $65M | $-8M | $-46M | $458.0K | $54M | $15M | $7M | $-23M | $-125M | $36.0K | |
| Debt Issued | · | · | · | · | · | $0 | · | · | · | · | · | $-2M | · | · | |
| Stock Issued | · | · | · | $0 | $0 | $-1.0K | $108M | $0 | $-48M | · | $0 | $105M | $7M | $7M | |
| Net Stock Activity | · | · | · | · | $0 | · | · | · | · | · | · | · | $7M | $7M | |
| Financing Cash Flow | $800.0K | $56M | $10M | $324.0K | $-158.0K | $-132.0K | $156M | $-39.0K | $15M | $-31M | $1M | $-77.0K | $271M | $7M | |
| Net Change in Cash | $-24M | $86M | $21M | $5M | $-14M | $-61M | $59M | $-38M | $22M | $-77M | $-40M | $-60M | $118M | $-23M | |
| Taxes Paid | $33.0K | $-130.0K | · | · | $0 | $0 | · | · | $300.0K | · | · | · | · | · | |
| Free Cash Flow | $-76M | · | · | · | $-80M | · | · | · | · | · | $-49M | · | · | · |
Profitability 3
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -19.3% | · | -15.1% | -18.7% | -17.3% | · | -11.7% | · | -8.4% | -12.0% | -9.3% | · | -6.8% | -9.2% | |
| ROE | -31.5% | · | -20.5% | -25.8% | -22.7% | · | -14.7% | · | -10.1% | -14.1% | -10.7% | · | -7.7% | -10.2% | |
| ROIC | · | · | -27.7% | · | · | · | -12.6% | · | -13.5% | -13.7% | -10.9% | · | · | · |
Liquidity & Solvency 4
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.2 | · | 5.6 | 6.3 | 6.9 | · | 11.4 | · | 12.4 | 12.8 | 17.1 | · | 23.6 | 16.1 | |
| Quick Ratio | 5.1 | · | 5.4 | 6.1 | 6.8 | · | 11.2 | · | 12.1 | 12.5 | 16.7 | · | 23.3 | 15.8 | |
| Debt / Equity | 0.8 | · | 0.2 | 0.2 | 0.1 | · | 0.1 | · | · | · | · | · | · | · | |
| LT Debt / Equity | 0.8 | · | 0.2 | 0.2 | 0.1 | · | 0.1 | · | · | · | · | · | · | · |
Valuation (TTM) 11
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $-310M | · | $-307M | $-289M | $-259M | · | · | · | · | · | · | · | $-155M | $-144M | |
| Market Cap | $930M | · | $774M | $329M | $723M | · | $933M | · | $517M | $1.01B | $1.37B | · | $1.54B | $859M | |
| Enterprise Value | $818M | · | $553M | $52M | $366M | · | $442M | · | · | · | · | · | · | · | |
| P/E | -3.3 | · | -2.9 | -1.3 | -3.0 | · | · | · | · | · | -7.8 | · | -9.6 | -6.4 | |
| P/B | 8.8 | · | 3.7 | 1.2 | 2.1 | · | 1.9 | · | 1.2 | 2.2 | 2.7 | · | 2.6 | 2.2 | |
| P / Tangible Book | 8.8 | · | 3.7 | 1.2 | 2.1 | · | 1.9 | · | 1.2 | 2.2 | 2.7 | · | 2.6 | 2.2 | |
| P / Cash Flow | -12.3 | · | · | · | -9.4 | · | · | · | · | · | -28.2 | · | · | · | |
| P / FCF | -12.3 | · | · | · | -9.1 | · | · | · | · | · | -27.9 | · | · | · | |
| EV / EBITDA | -12.2 | · | -7.8 | -0.6 | -4.1 | · | -6.8 | · | · | · | · | · | · | · | |
| EV / FCF | -10.8 | · | · | · | -4.6 | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | -30.2% | · | -35.1% | -79.2% | -33.4% | · | · | · | · | · | -12.8% | · | -10.4% | -15.6% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | |
|---|---|---|---|---|---|
| Net Income | $-314M | $-247M | $-216M | $-174M | $-118M |
| Diluted EPS | $-3.38 | $-3.07 | $-3.24 | $-2.99 | $-2.26 |
Balance Sheet
| 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.5 | 0.1 | 0.1 | 0.1 | — |
| Current Ratio | 4.8 | 8.0 | 10.7 | 17.5 | 19.5 |
| Quick Ratio | 4.6 | 7.8 | 10.4 | 17.2 | 19.1 |
Cash Flow
| 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-285M | $-199M | $-191M | $-130M | $-85M |
My Metrics Your personal watchlist — selected rows from Full Fundamentals
📊
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 237 filers · $995.1M 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 |
|---|---|---|---|---|
| 84 (+34 vs prior Q) | 52 (+26 vs prior Q) | 76 (+7 vs prior Q) | 51 (-1 vs prior Q) | +22.4M |
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 |
|---|---|---|---|---|
| BAKER BROS. ADVISORS LP | $122,271,870 | 11,045,336 | 12.29% | Shares |
| RTW INVESTMENTS, LP | $82,046,202 | 7,411,581 | 8.24% | Shares |
| Ridgeback Capital Investments L.P. | $80,928,962 | 7,310,656 | 8.13% | Shares |
| STATE STREET CORP | $49,152,394 | 4,440,144 | 4.94% | Shares |
| MONTANOVA CAPITAL, LLC | $48,595,485 | 4,389,836 | 4.88% | Shares |
| GOLDMAN SACHS GROUP INC | $48,301,355 | 4,363,266 | 4.85% | Shares |
| Boxer Capital Management, LLC | $44,091,810 | 3,983,000 | 4.43% | Shares |
| Caption Management, LLC | $32,687,496 | 2,952,800 | 3.28% | Call option |
| VANGUARD CAPITAL MANAGEMENT LLC | $32,058,764 | 2,896,004 | 3.22% | Shares |
| VANGUARD GROUP INC | $32,020,557 | 3,294,296 | 3.22% | Shares |
| FCPM III SERVICES B.V. | $31,088,634 | 2,808,368 | 3.12% | Shares |
| Logos Global Management LP | $27,675,000 | 2,500,000 | 2.78% | Shares |
| JANE STREET GROUP, LLC | $24,448,582 | 2,208,544 | 2.46% | Shares |
| Erste Asset Management GmbH | $23,744,000 | 2,120,000 | 2.39% | Shares |
| D. E. Shaw & Co., Inc. | $19,814,901 | 1,789,964 | 1.99% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $19,380,986 | 1,750,299 | 1.95% | Shares |
| Opaleye Management Inc. | $15,331,873 | 1,384,993 | 1.54% | Shares |
| TORONTO DOMINION BANK | $14,114,250 | 1,275,000 | 1.42% | Shares |
| UBS Group AG | $12,490,015 | 1,128,276 | 1.26% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $12,216,852 | 1,103,600 | 1.23% | Call option |
| Artisan Partners Limited Partnership | $10,776,601 | 973,496 | 1.08% | Shares |
| FMR LLC | $10,288,181 | 929,375 | 1.03% | Shares |
| MILLENNIUM MANAGEMENT LLC | $9,099,075 | 821,958 | 0.91% | Shares |
| CITADEL ADVISORS LLC | $8,681,459 | 784,233 | 0.87% | Shares |
| Caption Management, LLC | $8,677,474 | 783,873 | 0.87% | Shares |
| Point72 Asset Management, L.P. | $8,006,510 | 723,262 | 0.80% | Shares |
| DIADEMA PARTNERS LP | $7,708,041 | 696,300 | 0.77% | Call option |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $7,547,039 | 681,756 | 0.76% | Shares |
| CITADEL ADVISORS LLC | $7,501,032 | 677,600 | 0.75% | Call option |
| ADAR1 Capital Management, LLC | $7,259,529 | 655,784 | 0.73% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $7,084,645 | 639,986 | 0.71% | Shares |
| Eversept Partners, LP | $6,534,090 | 590,252 | 0.66% | Shares |
| Susquehanna Portfolio Strategies, LLC | $6,034,357 | 545,109 | 0.61% | Shares |
| DIADEMA PARTNERS LP | $5,562,675 | 502,500 | 0.56% | Put option |
| Jefferies Financial Group Inc. | $5,484,798 | 495,465 | 0.55% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $5,415,333 | 489,190 | 0.54% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $5,331,312 | 481,600 | 0.54% | Put option |
| CITADEL ADVISORS LLC | $5,163,048 | 466,400 | 0.52% | Put option |
| DIMENSIONAL FUND ADVISORS LP | $4,948,633 | 447,031 | 0.50% | Shares |
| MORGAN STANLEY | $3,776,553 | 341,152 | 0.38% | Shares |
| BlackRock, Inc. | $3,709,690 | 335,112 | 0.37% | Shares |
| BARCLAYS PLC | $3,497,013 | 315,900 | 0.35% | Call option |
| CITIGROUP INC | $3,321,000 | 300,000 | 0.33% | Put option |
| READYSTATE ASSET MANAGEMENT LP | $3,320,535 | 299,958 | 0.33% | Shares |
| BANK OF AMERICA CORP /DE/ | $3,084,866 | 278,669 | 0.31% | Shares |
| ARMISTICE CAPITAL, LLC | $2,922,480 | 264,000 | 0.29% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,805,692 | 253,450 | 0.28% | Shares |
| Caption Management, LLC | $2,447,577 | 221,100 | 0.25% | Put option |
| D. E. Shaw & Co., Inc. | $2,214,000 | 200,000 | 0.22% | Put option |
| Woodline Partners LP | $2,119,064 | 191,424 | 0.21% | Shares |
| Engineers Gate Manager LP | $1,915,088 | 172,998 | 0.19% | Shares |
| MILLENNIUM MANAGEMENT LLC | $1,865,295 | 168,500 | 0.19% | Put option |
| TWO SIGMA INVESTMENTS, LP | $1,844,173 | 166,592 | 0.19% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,770,923 | 159,975 | 0.18% | Shares |
| Cerity Partners LLC | $1,634,442 | 147,646 | 0.16% | Shares |
| JANE STREET GROUP, LLC | $1,503,306 | 135,800 | 0.15% | Call option |
| Squarepoint Ops LLC | $1,454,089 | 131,354 | 0.15% | Shares |
| MOORE CAPITAL MANAGEMENT, LP | $1,441,259 | 130,195 | 0.14% | Shares |
| Trexquant Investment LP | $1,422,528 | 128,503 | 0.14% | Shares |
| Resolute Capital Asset Partners LLC | $1,383,750 | 125,000 | 0.14% | Shares |
| JANE STREET GROUP, LLC | $1,366,038 | 123,400 | 0.14% | Put option |
| Mariner, LLC | $1,220,930 | 110,276 | 0.12% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $1,197,597 | 108,184 | 0.12% | Shares |
| CITIGROUP INC | $1,151,601 | 104,029 | 0.12% | Shares |
| RHUMBLINE ADVISERS | $1,150,640 | 103,943 | 0.12% | Shares |
| HSBC HOLDINGS PLC | $1,034,889 | 92,154 | 0.10% | Shares |
| Bank of New York Mellon Corp | $1,017,455 | 91,911 | 0.10% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $907,740 | 82,000 | 0.09% | Shares |
| IEQ CAPITAL, LLC | $907,541 | 81,982 | 0.09% | Shares |
| Rafferty Asset Management, LLC | $845,183 | 76,349 | 0.08% | Shares |
| WELLS FARGO & COMPANY/MN | $756,026 | 68,295 | 0.08% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $755,306 | 68,230 | 0.08% | Shares |
| FRED ALGER MANAGEMENT, LLC | $730,188 | 65,961 | 0.07% | Shares |
| BARCLAYS PLC | $729,182 | 65,870 | 0.07% | Shares |
| LPL Financial LLC | $724,089 | 65,410 | 0.07% | Shares |
| LMR Partners LLP | $561,238 | 50,699 | 0.06% | Shares |
| Diametric Capital, LP | $555,559 | 50,186 | 0.06% | Shares |
| ALLIANCEBERNSTEIN L.P. | $553,095 | 72,300 | 0.06% | Shares |
| DLD Asset Management, LP | $553,000 | 50,000 | 0.06% | Put option |
| Nuveen, LLC | $542,541 | 49,010 | 0.05% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $521,080 | 47,414 | 0.05% | Shares |
| MetLife Investment Management, LLC | $513,360 | 46,374 | 0.05% | Shares |
| TEMA ETFS LLC | $498,461 | 51,282 | 0.05% | Shares |
| Quantinno Capital Management LP | $481,003 | 43,451 | 0.05% | Shares |
| Balyasny Asset Management L.P. | $452,243 | 40,853 | 0.05% | Shares |
| Exome Asset Management LLC | $446,796 | 40,361 | 0.04% | Shares |
| Verition Fund Management LLC | $442,800 | 40,000 | 0.04% | Put option |
| KLCM Advisors, Inc. | $442,800 | 40,000 | 0.04% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $440,586 | 39,800 | 0.04% | Shares |
| PROFUND ADVISORS LLC | $429,250 | 38,776 | 0.04% | Shares |
| Virtus Investment Advisers, LLC | $407,885 | 36,846 | 0.04% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $403,745 | 36,472 | 0.04% | Shares |
| Invesco Ltd. | $345,262 | 31,189 | 0.03% | Shares |
| Simplicity Wealth,LLC | $344,288 | 31,101 | 0.03% | Shares |
| Bleakley Financial Group, LLC | $333,550 | 30,131 | 0.03% | Shares |
| Vanguard Global Advisers, LLC | $324,340 | 29,299 | 0.03% | Shares |
| VERUS CAPITAL PARTNERS, LLC | $304,979 | 27,550 | 0.03% | Shares |
| AXQ CAPITAL, LP | $300,229 | 27,121 | 0.03% | Shares |
| Private Capital Advisors, Inc. | $299,621 | 27,066 | 0.03% | Shares |
| TWO SIGMA ADVISERS, LP | $298,404 | 30,700 | 0.03% | Shares |
Company insiders 26 insiders · 7 officers · 12 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jean M. Franchi | Chief Financial Officer | May 16, 2023 S | 128,748 | 0 | 0 | $0 |
| Colin Love | Chief Operating Officer | May 16, 2024 S | 777,345 | 0 | 0 | $0 |
| Pamela Esposito | Chief Business Officer | Sept. 12, 2023 M | 263,436 | 0 | 0 | $0 |
| Tanya Lewis | Chief Dev. Op. Officer | June 13, 2023 S | 135,293 | 0 | 0 | $0 |
| Andrea Pirzkall | Chief Medical Officer | April 1, 2021 A | 21,500 | 0 | 0 | $0 |
| Stephen A Gorgol | Chief Accounting Officer | April 1, 2020 A | — | 0 | 0 | $0 |
| Howard Kaufman | Chief Medical Officer | Nov. 26, 2019 M | 58,067 | 0 | 0 | $0 |
| Philip Astley-Sparke | Director | May 18, 2026 S | 1,412,414 | 0 | 1 | $-89,698 |
| Veleka Peeples-Dyer | Director | April 1, 2026 A | — | 0 | 0 | $0 |
| Christy J. Oliger | Director | April 1, 2026 A | — | 0 | 0 | $0 |
| Dieter Weinand | Director | April 1, 2026 A | — | 0 | 0 | $0 |
| Madhavan Balachandran | Director | April 1, 2026 A | — | 0 | 0 | $0 |
| Kapil Dhingra | Director | April 1, 2026 A | 0 | 0 | 1 | $-32,958 |
| Paolo Pucci | Director | April 1, 2026 A | — | 0 | 0 | $0 |
| Joseph P Slattery | Director | April 1, 2026 A | 6,667 | 0 | 0 | $0 |
| Robert Coffin | Director | May 16, 2024 S | 1,821,872 | 0 | 0 | $0 |
| Hyam Levitsky | Director | April 1, 2024 A | — | 0 | 0 | $0 |
| Hugo Alexander Slootweg | Director | April 1, 2023 A | 4,721,449 | 0 | 0 | $0 |
| Jason P Rhodes | Director | April 1, 2022 A | 946,000 | 0 | 0 | $0 |
| Atlas Venture Fund X, L.P. | 10% owner | Sept. 15, 2020 J | 2,486,296 | 0 | 0 | $0 |
| Forbion Capital Fund III Cooperatief U.A. | 10% owner | July 24, 2018 C | 4,721,449 | 0 | 0 | $0 |
| Andrew Schwendenman | — | Aug. 10, 2026 S | 99,425 | 0 | 2 | $-139,089 |
| Konstantinos Xynos | — | Aug. 10, 2026 S | 224,215 | 0 | 3 | $-285,662 |
| Sushil Patel | — | Aug. 10, 2026 S | 708,151 | 0 | 3 | $-811,159 |
| Emily Luisa Hill | — | Aug. 10, 2026 S | 225,108 | 0 | 3 | $-237,323 |
| Christopher Sarchi | — | June 1, 2026 S | 180,962 | 0 | 4 | $-254,158 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Baker Bros. Advisors LP, Baker Bros. Advisors (GP) LLC, Julian C. Baker, Felix J. Baker ×2 filings | Aug. 11, 2026 | 11.80% | Amendment | — | SEC |
| ATLAS VENTURE FUND X, L.P., ATLAS VENTURE ASSOCIATES X, L.P., Atlas Venture Associates X, LLC, Atlas Venture Opportunity Fund I, L.P., Atlas Venture Associates Opportunity I, L.P., Atlas Venture Associates Opportunity I, LLC ×6 filings | Dec. 6, 2022 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 36 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 |
|---|---|---|---|---|
| PTH · Invesco Exchange-Traded Fund Trust | 2.00% | 409,048 SH | Aug. 8, 2026 | Daily |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.76% | 282,423 SH | Aug. 8, 2026 | Daily |
| IWC · iShares Trust | 0.23% | 268,968 SH | Aug. 8, 2026 | Daily |
| SMIZ · Zacks Trust | 0.20% | 59,216 NS | May 31, 2026 | N-PORT |
| BBC · ETFis Series Trust I | 0.19% | 27,112 NS | April 30, 2026 | N-PORT |
| IBB · iShares Trust | 0.08% | 565,545 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.08% | 182,416 SH | Aug. 8, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.07% | 4,494 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.06% | 730,185 SH | Aug. 8, 2026 | Daily |
| LABU · Direxion Shares ETF Trust | 0.06% | 127,521 NS | April 30, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.06% | 68,718 SH | Aug. 8, 2026 | Daily |
| BIB · ProShares Trust | 0.04% | 3,053 NS | May 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.03% | 2,030,994 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 455,775 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.02% | 3,372 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 356,912 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 861,771 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.01% | 150,898 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.01% | 2,636 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.01% | 2,665 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.01% | 30,362 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.01% | 276,897 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 2,680 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 67 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 113,016 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 22,928 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 41,688 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 4,620 NS | April 30, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 919 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.00% | 1,581 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 15,178 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 55,596 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 3,200 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 13,124 NS | April 30, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,972,684 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 6,365 SH | Aug. 8, 2026 | Daily |