your badges 52W Range $4–$18 48% of range Analyst Rating · Price Target $33 +210% upside P/E -24.2 ROE -90.4% Net Profit Margin -9748.5%

SLN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $10.64
Market Cap (MRQ) $1.51B
P/E (TTM) -24.2
EPS (TTM) $-0.44
Revenue (TTM) $615.0K
ROE (TTM) -90.4%
52W Range $4–$18

SLN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

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10-Year Performance Revenue, net income, margins and EPS trends

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Revenue$559.0K
2022-12-31 → 2025-12-31
EPS$-0.63
2022-12-31 → 2025-12-31
Free Cash Flow$-62M
2025-12-31 → 2025-12-31
Net margin-9748.5%
2025-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend SLN 5Y avg Peer Median Verdict
P/E (TTM) -24.2 · · ·
P/S (TTM) 2452.2 · 5.9 Overvalued
P/B (MRQ) 39.2 · 6.8 Overvalued
Price / FCF (TTM) -35.7 · · ·
Price / Cash Flow (TTM) -35.7 · · ·
Price / Tangible Book 29.3 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

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PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 $-0.26 — —
Dec. 31, 2024 $0.21 — —
Dec. 31, 2023 $-0.37 — —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

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Income Statement 14
Metric Trend 202520242023
Revenue $559.0K$43M$32M
Cost of Revenue $215.0K$12M$13M
Gross Profit $344.0K$31M$19M
R&D Expense $68M$68M$57M
SG&A Expense $22M$27M$26M
Operating Income $-91M$-63M$-64M
Pretax Income $-89M$-44M$-53M
Income Tax $11.0K$845.0K$956.0K
Net Income $-89M$-45M$-54M
EPS (Basic) $-0.63$-0.33$-0.49
EPS (Diluted) $-0.63$-0.33$-0.49
Shares (Basic) 141,694,702138,752,224111,277,250
Shares (Diluted) 141,694,702138,752,224111,277,250
EBITDA $-91M··
Balance Sheet 21
Metric Trend 202520242023
Cash & Equivalents $11M$121M$69M
Short-term Investments $74M$26M·
Receivables $0$972.0K$290.0K
Other Current Assets $12M$15M$12M
Current Assets $119M$187M$103M
PP&E (Net) $2M$2M$2M
PP&E (Gross) $6M$6M$6M
Accum. Depreciation $4M$5M$4M
Goodwill $11M$9M$10M
Intangibles $288.0K$312.0K·
Other Non-current Assets $127.0K$4M$4M
Total Assets $131M$203M$119M
Current Liabilities $14M$17M$22M
Capital Leases $71.0K$0$118.0K
Total Liabilities $69M$69M$97M
Common Stock $10M$10M$9M
Retained Earnings $-563M$-474M$-432M
AOCI $-3M$-12M$-11M
Stockholders' Equity $62M$134M$22M
Liabilities + Equity $131M$203M$119M
Shares Outstanding 141,701,848141,674,074118,846,966
Cash Flow 11
Metric Trend 202520242023
Stock-based Comp $8M$16M$16M
Deferred Tax $11.0K$845.0K$956.0K
Restructuring $1M$0·
Operating Cash Flow $-62M$-68M$-49M
CapEx $55.0K$211.0K$56.0K
Investing Cash Flow $-48M$-22M$19M
Stock Issued $15.0K$142M$32M
Net Stock Activity $15.0K··
Financing Cash Flow $15.0K$142M$32M
Taxes Paid $637.0K$433.0K$-801.0K
Free Cash Flow $-62M··
Profitability 8
Metric Trend 202520242023
Gross Margin 61.5%··
Operating Margin -16292.8%··
Net Margin -15851.9%··
Pretax Margin -15849.9%··
EBITDA Margin -16292.8%··
ROA -53.0%··
ROE -113.3%··
ROIC -146.2%··
Liquidity & Solvency 2
Metric Trend 202520242023
Current Ratio 8.7··
Quick Ratio 6.3··
Efficiency 2
Metric Trend 202520242023
Asset Turnover 0.0··
Receivables Turnover 1.2··
Per Share 5
Metric Trend 202520242023
Book Value / Share $0.44··
Revenue / Share $0.00··
Cash Flow / Share $-0.44··
Cash / Share $0.08··
EPS (TTM) $-0.63$-0.33·
Growth Rates 2
Metric Trend 202520242023
Revenue YoY -98.7%36.7%46.1%
Revenue CAGR 3Y -70.5%··
Valuation (TTM) 10
Metric Trend 202520242023
Revenue TTM $559.0K$43M·
Net Income TTM $-89M$-45M·
Market Cap $862M··
P/E -9.7-20.8·
P/S 1541.2··
P/B 13.8··
P / Tangible Book 16.87.8·
P / Cash Flow -13.8··
P / FCF -13.8··
Earnings Yield -10.4%-4.8%·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-12-312024-12-312023-12-312022-12-31
Revenue $559.0K $43M $32M $22M
Gross Margin % 61.5% · · ·
Operating Margin % -16292.8% · · ·
Net Income $-89M $-45M $-54M $-50M
Diluted EPS $-0.63 $-0.33 $-0.49 $-0.52

Institutional owners (13F) 78 filers · $245.2M total · As of June 30, 2026

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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 78
Value held $245.2M
New positions 23
Exited positions 4
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
23 (+16 vs prior Q) 4 (-2 vs prior Q) 23 (-1 vs prior Q) 19 (+6 vs prior Q) +2.9M

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
Siren, L.L.C. $36,359,589 3,311,438 14.83% Shares
TCG Crossover Management, LLC $33,308,489 3,033,560 13.58% Shares
Redmile Group, LLC $23,769,251 2,164,777 9.69% Shares
Nantahala Capital Management, LLC $14,787,106 1,346,731 6.03% Shares
CITADEL ADVISORS LLC $14,599,282 1,329,625 5.95% Shares
Nextech Invest Ltd. $10,457,352 952,400 4.26% Shares
MILLENNIUM MANAGEMENT LLC $9,983,883 909,279 4.07% Shares
Tetragon Partners GP Ltd $8,391,531 764,256 3.42% Shares
Soleus Capital Management, L.P. $6,917,400 630,000 2.82% Shares
Balyasny Asset Management L.P. $6,708,560 610,980 2.74% Shares
5AM Venture Management, LLC $5,228,676 476,200 2.13% Shares
GREAT POINT PARTNERS LLC $4,941,000 450,000 2.02% Shares
MORGAN STANLEY $4,426,828 403,172 1.81% Shares
AMERIPRISE FINANCIAL INC $4,063,171 370,052 1.66% Shares
JANE STREET GROUP, LLC $4,053,278 369,151 1.65% Shares
ADAR1 Capital Management, LLC $3,715,336 338,373 1.52% Shares
SummitTX Capital, L.P. $3,586,595 326,648 1.46% Shares
Tetragon Partners GP Ltd $3,294,000 300,000 1.34% Call option
Caption Management, LLC $3,270,942 297,900 1.33% Call option
Schonfeld Strategic Advisors LLC $2,957,439 269,348 1.21% Shares
UBS Group AG $2,669,809 243,152 1.09% Shares
Ishara Investments LP $2,434,847 55,350 0.99% Shares
BlackRock, Inc. $2,414,689 219,917 0.98% Shares
BANK OF MONTREAL /CAN/ $2,215,039 201,734 0.90% Shares
BOOTHBAY FUND MANAGEMENT, LLC $2,177,850 198,347 0.89% Shares
Propel Bio Management, LLC $2,105,228 191,733 0.86% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $2,026,019 184,519 0.83% Shares
FRED ALGER MANAGEMENT, LLC $1,943,460 177,000 0.79% Shares
Ikarian Capital, LLC $1,827,725 830,784 0.75% Shares
Qube Research & Technologies Ltd $1,800,116 163,945 0.73% Shares
Caption Management, LLC $1,783,986 162,476 0.73% Shares
BNP PARIBAS FINANCIAL MARKETS $1,745,271 158,950 0.71% Shares
GOLDMAN SACHS GROUP INC $1,712,100 155,929 0.70% Shares
TWO SIGMA INVESTMENTS, LP $1,328,624 121,004 0.54% Shares
HSBC HOLDINGS PLC $1,324,151 122,834 0.54% Shares
Quadrature Capital Ltd $1,297,056 118,129 0.53% Shares
Squarepoint Ops LLC $1,272,780 115,918 0.52% Shares
XTX Topco Ltd $1,181,217 107,579 0.48% Shares
M28 Capital Management LP $1,111,209 101,203 0.45% Shares
MARSHALL WACE, LLP $790,989 72,039 0.32% Shares
Birchview Capital, LP $781,974 71,218 0.32% Shares
Seven Fleet Capital Management LP $659,975 60,107 0.27% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $327,204 29,800 0.13% Put option
GEODE CAPITAL MANAGEMENT, LLC $324,327 29,538 0.13% Shares
BANK OF AMERICA CORP /DE/ $277,574 25,280 0.11% Shares
Trexquant Investment LP $261,785 23,842 0.11% Shares
Verdad Advisers, LP $223,992 20,400 0.09% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $213,012 19,400 0.09% Call option
Scientech Research LLC $210,080 19,133 0.09% Shares
JANE STREET GROUP, LLC $202,032 18,400 0.08% Call option

Show all 78 institutional owners →

Activists & 5%+ owners 2 positions

18

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
Richard Griffiths ×7 filings Aug. 13, 2026 7.97% Amendment · SEC
Richard Ian Griffiths (2), Ora Capital Limited (2) ×5 filings March 27, 2024 · 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 9 insiders · 3 officers · 5 directors

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Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Craig A Tooman President and CEO Jan. 2, 2025 A · 0 0 $0
Rhonda Lynette Hellums Chief Financial Officer Jan. 2, 2026 A · 0 0 $0
Steven J. Romano EVP and Chief R&D Officer Jan. 2, 2026 A · 0 0 $0
James Ede-Golightly Director Jan. 2, 2026 A · 0 0 $0
David Lemus Director Jan. 2, 2026 A · 0 0 $0
Michael H. Davidson Director Jan. 2, 2025 A · 0 0 $0
Richard Ian Griffiths · Aug. 10, 2026 S · 0 0 $0
Timothy Mcinerney · Jan. 2, 2026 A · 0 0 $0
Iain Ross · Dec. 18, 2025 A · 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 2 ETFs

20

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
IBB · iShares Trust 0.03% 265,508 SH Sept. 11, 2026 Daily
IBBQ · Invesco Exchange-Traded Fund Trust … 0.03% 3,373 SH Oct. 1, 2026 Daily

SLN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

12-Month Price Target

6 analysts · 2026-09-29

Mean target $33.00 +210.2%

Now Current price $10.64
Low$10.00 Mean$33.00 High$75.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

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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
SLN $862M -9.7 -98.7% -15851.9% -113.3% 61.5%
KNSA $3.15B 55.0 60.1% 8.7% 11.1% ·
CMPS $663M -2.2 · · -524.8% ·
IMCR $1.76B -48.9 28.9% -8.9% -9.2% ·
AUTL · -1.8 644.9% -381.4% -109.6% ·
BCYC $491M -2.2 105.8% -301.7% -34.2% ·
TLSA · -9.3 · · -924.3% ·

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Source: SEC 10-Q filed Aug 10, 2026