REPL Replimune Group, Inc. - Common Stock
NASDAQ · Biotechnology · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 14, 2026
$13.07
· of 52w range
· above low
· to high
$1.5052w low
$16.3352w high
Market Cap (MRQ)
$1.10B
P/E
-3.9
EPS
$-3.38
your badges
52W Range
$2–$16
Analyst Rating
BUY
Price Target
$20
P/E
-3.9
ROE
-146.2%
Net Profit Margin
·
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REPL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$13.07
Market Cap (MRQ)
$1.10B
P/E
-3.9
EPS
$-3.38
ROE
-146.2%
Debt/Equity (MRQ)
0.8
52W Range
$2–$16
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10-Year Performance Revenue, net income, margins and EPS trends
EPS$-3.382021-03-31 → 2026-03-31
Free Cash Flow$-285M2020-03-31 → 2026-03-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | REPL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -3.95Y avg ≈-4.3 | ≈-4.3 | · | · | |
| P/B (MRQ) | 10.45Y avg ≈2.1 | ≈2.1 | 4.2 | Overvalued | |
| EV / EBITDA (TTM) | -3.45Y avg ≈-1.4 | ≈-1.4 | · | · | |
| Price / FCF (TTM) | -3.95Y avg ≈-5.2 | ≈-5.2 | · | · | |
| Price / Cash Flow (TTM) | -3.95Y avg ≈-5.3 | ≈-5.3 | · | · | |
| EV / FCF (TTM) | -3.55Y avg ≈-1.8 | ≈-1.8 | · | · | |
| Price / Tangible Book | 6.55Y avg ≈2.1 | ≈2.1 | · | · |
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 | REPL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| ROA | -71.0%5Y avg ≈-42.3% | ≈-42.3% | -44.4% | Weak | |
| ROE | -146.2%5Y avg ≈-62.7% | ≈-62.7% | -33.0% | Weak | |
| ROIC | -128.0%5Y avg ≈-67.8% | ≈-67.8% | -128.0% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | REPL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.85Y avg ≈0.2 | ≈0.2 | · | · | |
| Current Ratio (MRQ) | 5.25Y avg ≈12.1 | ≈12.1 | 13.2 | Low liquidity | |
| Quick Ratio | 4.65Y avg ≈11.8 | ≈11.8 | 5.1 | In line | |
| Long-Term Debt / Equity (MRQ) | 0.85Y avg ≈0.2 | ≈0.2 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-2.9%
Next Report
Nov 04, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| March 31, 2027 | Aug 14, 2026 | $-0.72 | $-0.73 | 1.7% |
| June 30, 2026 | Aug 14, 2026 | $-0.72 | $-0.73 | 1.7% |
| March 31, 2026 | $-0.76 | $-0.73 | -4.5% | |
| Dec. 31, 2025 | $-0.77 | $-0.91 | 15.2% | |
| Sept. 30, 2025 | $-0.90 | $-0.80 | -12.3% | |
| June 30, 2025 | $-0.95 | $-0.82 | -15.4% | |
| March 31, 2025 | $-0.82 | $-0.77 | -6.8% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| 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
| 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
| 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
| 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
| 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 | · | · | · | · | · |
Per Share
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $2.01 | $5.39 | $6.10 | $9.80 | $8.69 | $10.71 | $5.01 | · | · | |
| Cash Flow / Share | $-3.02 | $-2.39 | $-2.79 | $-2.20 | $-1.57 | · | · | · | · | |
| Cash / Share | $2.53 | $1.44 | $1.21 | $2.59 | $2.24 | $3.92 | $1.62 | · | · | |
| Dividend / Share | · | · | · | · | · | · | · | $0.00 | · | |
| EPS (TTM) | $-3.38 | $-3.07 | $-3.24 | $-2.99 | $-2.26 | $-1.75 | · | · | · |
Valuation (TTM)
| 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
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q4 2024 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D Expense | $49M | $52M | $53M | $58M | $58M | $55M | $48M | $43M | $43M | $43M | $40M | $38M | $30M | $29M | |
| SG&A Expense | $19M | $21M | $19M | $26M | $33M | $24M | $18M | $15M | $14M | $14M | $15M | $15M | $11M | $13M | |
| Operating Expenses | $68M | $73M | $72M | $84M | $90M | $79M | $66M | $59M | $57M | $57M | $56M | $53M | $42M | $42M | |
| Operating Income | $-68M | $-73M | $-72M | $-84M | $-90M | $-79M | $-66M | $-59M | $-57M | $-57M | $-56M | $-53M | $-42M | $-42M | |
| Other Non-op | $-688.0K | $-77.0K | $-580.0K | $-876.0K | $591.0K | $645.0K | $-3M | $2M | $406.0K | $1M | $1M | $-1M | $147.0K | $-3M | |
| Pretax Income | · | $-73M | $-71M | · | · | $-74M | $-66M | $-53M | $-54M | $-51M | $-49M | $-49M | $-40M | $-43M | |
| Income Tax | · | $-240.0K | $-311.0K | $0 | $0 | $-107.0K | $575.0K | $0 | $0 | $473.0K | $201.0K | $288.0K | $0 | $0 | |
| Net Income | $-70M | $-73M | $-71M | $-83M | $-87M | $-74M | $-66M | $-53M | $-54M | $-51M | $-50M | $-39M | $-40M | $-43M | |
| EPS (Basic) | $-0.72 | $-0.76 | $-0.77 | $-0.90 | $-0.95 | $-0.82 | $-0.79 | $-0.68 | $-0.78 | $-0.77 | $-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 | $-0.78 | $-0.77 | $-0.75 | $-0.73 | $-0.69 | $-0.79 | |
| Shares (Basic) | 96,864,452 | · | 92,187,581 | 91,915,769 | 91,516,199 | · | 83,498,892 | 78,570,135 | 69,185,885 | 66,645,691 | 66,367,702 | · | 57,857,132 | 54,770,291 | |
| Shares (Diluted) | 96,864,452 | · | 92,187,581 | 91,915,769 | 91,516,199 | · | 83,498,892 | 78,570,135 | 69,185,885 | 66,645,691 | 66,367,702 | · | 57,857,132 | 54,770,291 | |
| EBITDA | $-67M | · | $-71M | $-83M | $-90M | · | $-65M | $-58M | $-57M | $-57M | $-55M | · | $-42M | $-42M |
Balance Sheet
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q4 2024 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $185M | $209M | $123M | $102M | $97M | $111M | $172M | $113M | $152M | $98M | $106M | $147M | $207M | $89M | |
| Short-term Investments | $10M | $60M | $146M | $221M | $306M | $373M | $364M | $319M | $317M | $369M | $433M | $437M | $410M | $283M | |
| Prepaid Expense | $5M | $9M | $8M | $8M | $8M | $8M | $8M | $9M | $6M | $9M | $8M | $6M | $6M | $5M | |
| Current Assets | $201M | $279M | $280M | $334M | $413M | $496M | $548M | $443M | $480M | $479M | $550M | $593M | $624M | $379M | |
| PP&E (Net) | $12M | $13M | $14M | $15M | $15M | $14M | $14M | $13M | $11M | $9M | $8M | $7M | $8M | $8M | |
| PP&E (Gross) | $30M | $30M | $30M | $30M | $29M | $27M | $26M | $24M | $22M | $19M | $15M | $15M | $14M | $14M | |
| Accum. Depreciation | $18M | $17M | $16M | $15M | $14M | $13M | $13M | $12M | $11M | $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 | $535M | $533M | $604M | $647M | $679M | $436M | |
| Accounts Payable | $4M | $7M | $6M | $6M | $15M | $12M | $7M | $8M | $864.0K | $4M | $5M | $5M | $4M | $4M | |
| Current Liabilities | $38M | $58M | $50M | $53M | $60M | $62M | $48M | $44M | $36M | $39M | $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 | $786.0K | $793.0K | $578.0K | $472.0K | · | · | |
| Total Liabilities | $147M | $166M | $123M | $126M | $133M | $135M | $121M | $117M | $109M | $111M | $90M | $91M | $83M | $52M | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | $44M | $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 | $68.0K | $61.0K | $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 | $1.18B | $1.06B | $1.05B | $1.03B | $1.03B | $778M | |
| Retained Earnings | $-1.33B | $-1.26B | $-1.19B | $-1.12B | $-1.04B | $-949M | $-874M | $-808M | $-755M | $-646M | $-535M | $-485M | $-436M | $-397M | |
| AOCI | $6M | $5M | $6M | $5M | $4M | $5M | $6M | $4M | $4M | $5M | $4M | $6M | $4M | $3M | |
| Stockholders' Equity | $106M | $166M | $211M | $263M | $337M | $416M | $482M | $381M | $426M | $422M | $514M | $555M | $595M | $384M | |
| Liabilities + Equity | $252M | $332M | $334M | $389M | $470M | $551M | $604M | $498M | $535M | $533M | $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 | 68,309,968 | 61,387,786 | 58,976,325 | 56,676,313 | 56,632,999 | 49,739,407 |
Cash Flow
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q4 2024 | Q3 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 | $736.0K | $700.0K | $621.0K | $528.0K | $682.0K | $617.0K | |
| Stock-based Comp | $8M | $8M | $7M | $8M | $9M | $8M | $9M | $9M | $9M | $8M | $9M | $7M | $7M | $7M | |
| Other Non-cash | $-15M | · | · | · | $42.0K | · | · | · | $-6M | · | $-8M | · | · | · | |
| Operating Cash Flow | $-76M | $-56M | $-66M | $-81M | $-77M | $-54M | $-51M | $-39M | $-49M | $-47M | $-49M | $-33M | $-29M | $-33M | |
| CapEx | $6.0K | $5.0K | $135.0K | $1M | $3M | $1M | $2M | $2M | $2M | $2M | $449.0K | $251.0K | $555.0K | $396.0K | |
| Investing Cash Flow | $50M | $87M | $75M | $84M | $65M | $-8M | $-46M | $458.0K | $30M | $54M | $7M | $-23M | $-125M | $36.0K | |
| Debt Issued | · | · | · | · | · | $0 | · | · | · | · | · | $-2M | · | · | |
| Stock Issued | · | · | · | $0 | $0 | $-1.0K | $108M | $0 | $48M | $-48M | $0 | $105M | $7M | $7M | |
| Net Stock Activity | · | · | · | · | $0 | · | · | · | $48M | · | · | · | $7M | $7M | |
| Financing Cash Flow | $800.0K | $56M | $10M | $324.0K | $-158.0K | $-132.0K | $156M | $-39.0K | $97M | $15M | $1M | $-77.0K | $271M | $7M | |
| Net Change in Cash | $-24M | $86M | $21M | $5M | $-14M | $-61M | $59M | $-38M | $77M | $22M | $-40M | $-60M | $118M | $-23M | |
| Taxes Paid | $33.0K | $-130.0K | · | · | $0 | $0 | · | · | · | $300.0K | · | · | · | · | |
| Free Cash Flow | $-76M | · | · | · | $-80M | · | · | · | $-51M | · | $-49M | · | · | · |
Profitability
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q4 2024 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -19.3% | · | -15.1% | -18.7% | -17.3% | · | -11.7% | · | · | -8.4% | -9.3% | · | -6.8% | -9.2% | |
| ROE | -31.5% | · | -20.5% | -25.8% | -22.7% | · | -14.7% | · | · | -10.1% | -10.7% | · | -7.7% | -10.2% | |
| ROIC | · | · | -27.7% | · | · | · | -12.6% | · | · | -13.5% | -10.9% | · | · | · |
Liquidity & Solvency
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q4 2024 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.2 | · | 5.6 | 6.3 | 6.9 | · | 11.4 | · | · | 12.4 | 17.1 | · | 23.6 | 16.1 | |
| Quick Ratio | 5.1 | · | 5.4 | 6.1 | 6.8 | · | 11.2 | · | · | 12.1 | 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 | · | · | · | · | · | · | · |
Per Share
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q4 2024 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $1.26 | · | $2.64 | $3.36 | $4.33 | · | $6.26 | · | · | $6.87 | $8.72 | · | $10.51 | $7.72 | |
| Cash Flow / Share | $-0.78 | · | · | · | $-0.84 | · | · | · | $-0.71 | · | $-0.73 | · | · | · | |
| Cash / Share | $2.21 | · | $1.54 | $1.30 | $1.25 | · | $2.24 | · | · | $1.59 | $1.81 | · | $3.65 | $1.79 | |
| EPS (TTM) | $-3.15 | · | $-3.44 | $-3.46 | $-3.24 | · | · | · | · | · | · | · | $-2.86 | $-2.74 |
Valuation (TTM)
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q4 2024 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $-297M | · | $-315M | $-310M | $-280M | · | · | · | · | · | · | · | $-157M | $-147M | |
| Market Cap | $930M | · | $774M | $329M | $723M | · | $933M | · | · | $517M | $1.37B | · | $1.54B | $859M | |
| Enterprise Value | $818M | · | $553M | $52M | $366M | · | $442M | · | · | · | · | · | · | · | |
| P/E | -3.5 | · | -2.8 | -1.2 | -2.9 | · | · | · | · | · | · | · | -9.5 | -6.3 | |
| P/B | 8.8 | · | 3.7 | 1.2 | 2.1 | · | 1.9 | · | · | 1.2 | 2.7 | · | 2.6 | 2.2 | |
| P / Tangible Book | 8.8 | · | 3.7 | 1.2 | 2.1 | · | 1.9 | · | · | 1.2 | 2.7 | · | 2.6 | 2.2 | |
| P / Cash Flow | -12.3 | · | · | · | -9.4 | · | · | · | · | · | -28.2 | · | · | · | |
| Earnings Yield | -28.5% | · | -35.4% | -82.6% | -34.9% | · | · | · | · | · | · | · | -10.5% | -15.9% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 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 |
| Metric | 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 |
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-285M | $-199M | $-191M | $-130M | $-85M |
Institutional owners (13F) 235 filers · $1.2B 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.
Holders
235
Value held
$1.2B
New positions
80
Exited positions
53
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 80 (+25 vs prior Q) | 53 (+27 vs prior Q) | 85 (+18 vs prior Q) | 46 (-11 vs prior Q) | +16.3M |
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 | 10.47% | Shares |
| BlackRock, Inc. | $99,170,982 | 8,958,535 | 8.49% | Shares |
| RTW INVESTMENTS, LP | $82,046,202 | 7,411,581 | 7.02% | Shares |
| Ridgeback Capital Investments L.P. | $80,928,962 | 7,310,656 | 6.93% | Shares |
| GOLDMAN SACHS GROUP INC | $50,269,070 | 4,541,018 | 4.30% | Shares |
| STATE STREET CORP | $49,152,394 | 4,440,144 | 4.21% | Shares |
| MONTANOVA CAPITAL, LLC | $48,595,485 | 4,389,836 | 4.16% | Shares |
| Boxer Capital Management, LLC | $44,091,810 | 3,983,000 | 3.77% | Shares |
| VANGUARD GROUP INC | $36,704,645 | 3,776,198 | 3.14% | Shares |
| Caption Management, LLC | $32,687,496 | 2,952,800 | 2.80% | Call option |
| VANGUARD CAPITAL MANAGEMENT LLC | $32,058,764 | 2,896,004 | 2.74% | Shares |
| FCPM III SERVICES B.V. | $31,088,634 | 2,808,368 | 2.66% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $28,408,287 | 2,566,241 | 2.43% | Shares |
| Logos Global Management LP | $27,675,000 | 2,500,000 | 2.37% | Shares |
| JANE STREET GROUP, LLC | $25,710,573 | 2,322,545 | 2.20% | Shares |
| Erste Asset Management GmbH | $23,744,000 | 2,120,000 | 2.03% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $22,534,696 | 2,035,187 | 1.93% | Shares |
| D. E. Shaw & Co., Inc. | $19,814,901 | 1,789,964 | 1.70% | Shares |
| Opaleye Management Inc. | $15,331,873 | 1,384,993 | 1.31% | Shares |
| TORONTO DOMINION BANK | $14,114,250 | 1,275,000 | 1.21% | Shares |
| UBS Group AG | $12,490,015 | 1,128,276 | 1.07% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $12,216,852 | 1,103,600 | 1.05% | Call option |
| Artisan Partners Limited Partnership | $10,776,601 | 973,496 | 0.92% | Shares |
| FMR LLC | $10,288,181 | 929,375 | 0.88% | Shares |
| MILLENNIUM MANAGEMENT LLC | $9,099,075 | 821,958 | 0.78% | Shares |
| CITADEL ADVISORS LLC | $8,681,459 | 784,233 | 0.74% | Shares |
| Caption Management, LLC | $8,677,474 | 783,873 | 0.74% | Shares |
| Invesco Ltd. | $8,017,381 | 724,244 | 0.69% | Shares |
| Point72 Asset Management, L.P. | $8,006,510 | 723,262 | 0.69% | Shares |
| DIADEMA PARTNERS LP | $7,708,041 | 696,300 | 0.66% | Call option |
| MORGAN STANLEY | $7,671,553 | 693,003 | 0.66% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $7,547,039 | 681,756 | 0.65% | Shares |
| CITADEL ADVISORS LLC | $7,501,032 | 677,600 | 0.64% | Call option |
| Nuveen, LLC | $7,500,191 | 677,524 | 0.64% | Shares |
| NORTHERN TRUST CORP | $7,368,391 | 665,618 | 0.63% | Shares |
| ADAR1 Capital Management, LLC | $7,259,529 | 655,784 | 0.62% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $7,084,645 | 639,986 | 0.61% | Shares |
| Eversept Partners, LP | $6,534,090 | 590,252 | 0.56% | Shares |
| Susquehanna Portfolio Strategies, LLC | $6,034,357 | 545,109 | 0.52% | Shares |
| DIADEMA PARTNERS LP | $5,562,675 | 502,500 | 0.48% | Put option |
| DIMENSIONAL FUND ADVISORS LP | $5,559,490 | 502,130 | 0.48% | Shares |
| Jefferies Financial Group Inc. | $5,484,798 | 495,465 | 0.47% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $5,415,333 | 489,190 | 0.46% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $5,331,312 | 481,600 | 0.46% | Put option |
| CITADEL ADVISORS LLC | $5,163,048 | 466,400 | 0.44% | Put option |
| BANK OF AMERICA CORP /DE/ | $3,646,292 | 329,385 | 0.31% | Shares |
| BARCLAYS PLC | $3,497,013 | 315,900 | 0.30% | Call option |
| CITIGROUP INC | $3,321,000 | 300,000 | 0.28% | Put option |
| READYSTATE ASSET MANAGEMENT LP | $3,320,535 | 299,958 | 0.28% | Shares |
| ARMISTICE CAPITAL, LLC | $2,922,480 | 264,000 | 0.25% | 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 |
|---|---|---|---|---|---|
| Baker Bros. Advisors LP, Baker Bros. Advisors (GP) LLC, Julian C. Baker, Felix J. Baker ×2 filings | Aug. 11, 2026 | 11.80% | Amendment | Capital structure | 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.
Company insiders 26 insiders · 8 officers · 12 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Emily Luisa Hill | Chief Financial Officer | Aug. 17, 2026 S | 215,852 | 0 | 3 | $-320,342 |
| 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 | Aug. 20, 2026 G | 1,362,414 | 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 |
| 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
ETF ownership Held by 25 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 | 2.17% | 603,368 SH | Oct. 1, 2026 | Daily |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.91% | 279,000 SH | Oct. 1, 2026 | Daily |
| BBC · ETFis Series Trust I | 0.85% | 35,001 NS | July 31, 2026 | N-PORT |
| IWC · iShares Trust | 0.25% | 269,214 SH | Sept. 11, 2026 | Daily |
| LABU · Direxion Shares ETF Trust | 0.21% | 93,330 NS | July 31, 2026 | N-PORT |
| IBB · iShares Trust | 0.09% | 667,135 SH | Sept. 11, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.08% | 6,672 SH | Oct. 1, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.08% | 157,279 SH | Oct. 1, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.06% | 68,718 SH | Aug. 19, 2026 | Daily |
| PWS · Pacer Funds Trust | 0.06% | 1,275 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.03% | 2,035,119 SH | Sept. 11, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 455,775 SH | Aug. 19, 2026 | Daily |
| RSSL · Global X Funds | 0.03% | 37,835 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.01% | 178,058 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 861,771 SH | Aug. 19, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.01% | 150,898 SH | Aug. 19, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 101,844 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 113,006 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 23,178 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.00% | 3,200 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 6,779 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 691 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,972,684 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 6,365 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | · | 742,716 SH | Sept. 11, 2026 | Daily |
REPL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 14 analysts
BUY
Median target
$19.50
+49.2%
5 35.7%
Strong Buy
7 50.0%
Buy
1 7.1%
Hold
1 7.1%
Sell
0 0.0%
Strong Sell
12-Month Price Target
6 analysts · 2026-09-28Mean target $19.50 +49.2%
← Below all targets
Current price $13.07
Low$14.00
Mean$19.50
High$24.00
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 |
|---|---|---|---|---|---|---|
| REPL | $633M | -2.3 | · | · | -146.2% | · |
| KLRA | · | · | · | · | · | · |
| ORIC | $806M | -5.6 | · | · | -36.5% | · |
| DMRA | · | · | 38.3% | -17981.1% | -167.0% | · |
| MNKD | $1.75B | 283.5 | 22.2% | 1.7% | -11.1% | · |
| TRAX | · | · | · | · | · | · |
| BCAX | $953M | -6.7 | · | · | -33.0% | · |
| VOR | $506M | -0.2 | · | · | 83.4% | · |
| MGTX | $645M | -5.6 | 144.6% | -140.3% | 8062.2% | · |
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Source: SEC 10-Q filed Aug 14, 2026