SVA Sinovac Biotech, Ltd. - Ordinary Shares (Antigua/Barbudo)
NASDAQ · Biotechnology · View on SEC EDGAR ↗ close Jul 7, 2026 10-K/10-Q Jun 5, 2026SVA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About Sinovac Biotech, Ltd. - Ordinary Shares (Antigua/Barbudo) Company overview from Wikipedia
Sinovac Biotech Ltd. (Chinese: 科兴控股生物技术有限公司) is a Chinese biopharmaceutical company based in Haidian District, Beijing, that focuses on the research, development, manufacture, and commercialization of vaccines that protect against human infectious diseases. The company was listed on the Nasdaq but the exchange halted Sinovac's trading in February 2019 due to a proxy fight. The company has faced bribery probes in China. Its COVID-19 vaccine was the target of a covert disinformation campaign by the US government and a promotional social media astroturfing campaign by the Chinese government.
Vaccines
Sinovac's commercialized vaccines include the discontinued CoronaVac (COVID-19 vaccine), Inlive (Enterovirus 71 vaccine), Anflu (influenza vaccine), Healive (hepatitis A vaccine), varicella vaccine and mumps vaccine.
COVID-19 vaccine development
CoronaVac was an inactivated virus COVID-19 vaccine developed by Sinovac. It had been in Phase III clinical trials in Brazil, Chile, Indonesia, Philippines, and Turkey.
It relies on traditional technology similar to the Sinopharm BIBP vaccine and Covaxin, otherwise known as inactivated-virus COVID-19 vaccines in Phase III trials. CoronaVac does not need to be frozen, and both the vaccine and raw material for formulating the new doses could be transported and refrigerated at 2–8 °C (36–46 °F), temperatures at which flu vaccines are kept.
A real-world study of ten millions of Chileans who received CoronaVac found it 66% effective against symptomatic COVID-19, 88% against hospitalization, 90% against ICU admissions, and 86% against deaths. In Brazil, after 75% of the population in Serrana, São Paulo received CoronaVac, preliminary results show deaths fell by 95%, hospitalizations by 86%, and symptomatic cases by 80%. In Indonesia, real world data from 128,290 healthcare workers showed 94% protection against symptomatic infection by the vaccine, beating results in clinical trials.
Phase III results from Turkey published in The Lancet showed an efficacy of 84% based on 10,218 participants in the trials. Phase III results from Brazil previously showed 50.7% efficacy at preventing symptomatic infections and 83.7% effective in preventing mild cases needing treatment. Efficacy against symptomatic infections increased to 62.3% with an interval of 21 days or more between the doses.
CoronaVac was used in vaccination campaigns in various countries in Asia, South America, North America, and Europe. By April 2021, Sinovac had a production capacity of two billion doses a year and had delivered 600 million total doses. It is currently being manufactured at several facilities in China, Brazil, and Egypt. On 1 June 2021, the World Health Organization (WHO) validated the vaccine for emergency use. Sinovac signed purchase agreements for 380 million doses from COVAX.
In January 2024, Sinovac confirmed that it had discontinued production of CoronaVac.
Disinformation and influence operations
According to an investigative report by Reuters, the United States ran a propaganda campaign to discredit the China's Sinovac COVID-19 inoculation, including using fake social media accounts to spread disinformation that the Sinovac vaccine contained pork-derived ingredients and was therefore haram under Islamic law.
During the COVID-19 pandemic, China's growing influence by donating vaccines and aid, had prompted US military leaders to initiate a covert propaganda operation. A senior US military officer involved with the campaign had told Reuters that the US failed to effectively share vaccines with partners, leaving them without much options but to undermine China's diplomatic efforts. US military leaders took precedence over diplomats, fearing that China's COVID diplomacy might draw South-East Asian countries closer to Beijing. The US government later justified its covert disinformation campaign by framing it as retaliation for China's disinformation, which had falsely blamed the United States for the spread of COVID-19. Additionally, the campaign reportedly aimed to counter "China’s COVID diplomacy", and so to ultimately undermine closer ties between China and countries like the Philippines as a result of such diplomacy during the pandemic. The campaign primarily targeted people in the Philippines and used a social media hashtag for "China is the virus" in Tagalog. The campaign ran from the spring of 2020 to mid-2021. The primary contractor for the U.S. military on the project was General Dynamics IT, which received $493 million for its role. After some American public health experts were briefed by Reuters on the Pentagon's covert anti-vax campaign, they condemned the campaign as unjustifiable, and that it had unethically endangered innocent lives for potential geopolitical gain.
A 2025 Reuters report found that the Embassy of China in Manila hired a local marketing firm to conduct a covert "public opinion guidance" astroturfing campaign that included promoting CoronaVac in the country.
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 | SVA | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -7.85Y avg ≈-0.9 | ≈-0.9 | · | · | |
| P/S | 1.25Y avg ≈0.9 | ≈0.9 | · | · | |
| P/B | 0.15Y avg ≈0.1 | ≈0.1 | · | · | |
| Price / FCF | -0.85Y avg ≈0.3 | ≈0.3 | · | · | |
| Price / Cash Flow | -0.95Y avg ≈-0.7 | ≈-0.7 | · | · | |
| Price / Tangible Book | 0.15Y avg ≈0.1 | ≈0.1 | · | · |
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 | SVA | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 67.9%5Y avg ≈67.4% | ≈67.4% | · | · | |
| Operating Margin | -127.0%5Y avg ≈-68.4% | ≈-68.4% | · | · | |
| EBITDA Margin | -127.0%5Y avg ≈-68.4% | ≈-68.4% | · | · | |
| Pretax Margin | -67.9%5Y avg ≈0.43% | ≈0.43% | · | · | |
| Net Profit Margin | -51.5%5Y avg ≈-5.6% | ≈-5.6% | · | · | |
| ROA | -1.9%5Y avg ≈22.2% | ≈22.2% | · | · | |
| ROE | -3.1%5Y avg ≈41.3% | ≈41.3% | · | · | |
| ROIC | -8.4%5Y avg ≈22.2% | ≈22.2% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | SVA | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio | 4.65Y avg ≈7.9 | ≈7.9 | · | · | |
| Quick Ratio | 4.15Y avg ≈7.6 | ≈7.6 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | SVA | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.05Y avg ≈0.5 | ≈0.5 | · | · | |
| Inventory Turnover | 1.35Y avg ≈2.1 | ≈2.1 | · | · | |
| Receivables Turnover | 1.35Y avg ≈7.5 | ≈7.5 | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jul 8, 2025 | $55.00 | USD | ≈850.1% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| Sept. 30, 2015 | $-0.03 | $-0.02 | -48.5% | |
| June 30, 2015 | $0.04 | $-0.01 | 496.0% | |
| March 31, 2015 | $-0.04 | $-0.02 | -98.0% | |
| Dec. 31, 2014 | $0.02 | $0.01 | 98.0% |
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 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $386M | $361M | $470M | $1.47B | $19.37B | $511M | $246M | $230M | $174M | $72M | $67M | $63M | |
| Cost of Revenue | $124M | $141M | $147M | $658M | $989M | $67M | $32M | $25M | $20M | $22M | $18M | $15M | |
| Gross Profit | $262M | $221M | $323M | $815M | $18.38B | $443M | $214M | $205M | $154M | $50M | $49M | $47M | |
| R&D Expense | $216M | $271M | $350M | $479M | $153M | $49M | $24M | $22M | $20M | $13M | $9M | $11M | |
| SG&A Expense | $333M | $421M | $598M | $836M | $602M | $177M | $121M | $137M | $87M | $42M | $37M | $34M | |
| Operating Expenses | $752M | $726M | $1.04B | $1.32B | $758M | $228M | $145M | $160M | $109M | $50M | $45M | $46M | |
| Operating Income | $-490M | $-506M | $-714M | $-509M | $17.62B | $216M | $69M | $45M | $45M | $504.0K | $4M | $2M | |
| Interest Income | $33M | $29M | $87M | $157M | $103M | $2M | $2M | $2M | $1M | $731.0K | $1M | $3M | |
| Other Non-op | $209M | $528M | $559M | $297M | $-153M | $496.0K | $912.0K | $321.0K | $13.0K | $100.0K | $-174.0K | $1M | |
| Pretax Income | $-262M | $43M | $-84M | $-48M | $17.57B | $217M | $71M | $47M | $45M | $-394.0K | $3M | $2M | |
| Income Tax | $-63M | $2M | $36M | $11M | $3.45B | $31M | $6M | $10M | $8M | $3M | $3M | $2M | |
| Net Income | $-199M | $41M | $-121M | $14M | $8.12B | $110M | $45M | $22M | $26M | $-596.0K | $-1M | $-2M | |
| EPS (Basic) | $-0.83 | $1.27 | $-0.19 | $0.20 | $113.54 | $1.06 | $0.42 | $0.34 | $0.45 | $-0.01 | $-0.03 | $-0.03 | |
| EPS (Diluted) | $-0.83 | $1.27 | $-0.19 | $0.20 | $113.44 | $0.97 | $0.41 | $0.34 | $0.45 | $-0.01 | $-0.03 | $-0.03 | |
| Shares (Basic) | 71,860,702 | 71,860,702 | 71,830,233 | 71,724,902 | 71,534,210 | 98,897,345 | 94,876,946 | 64,727,146 | 57,033,816 | 56,949,083 | 56,313,927 | 55,681,076 | |
| Shares (Diluted) | 71,860,702 | 71,860,702 | 71,850,096 | 71,764,628 | 71,597,829 | 113,662,362 | 109,691,959 | 64,977,554 | 57,101,191 | 56,949,083 | 56,313,927 | 56,114,202 | |
| EBITDA | $-490M | $-506M | $-603M | $-466M | $17.55B | $216M | $69M | $45M | $45M | $504.0K | $4M | $488.0K |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $488M | $335M | $1.12B | $3.88B | $11.61B | $1.04B | $153M | $158M | $114M | $62M | $64M | $90M | |
| Short-term Investments | $5.48B | $9.61B | $9.89B | $6.65B | $1.81B | $135M | $50M | $19M | · | · | · | · | |
| Receivables | $286M | $301M | $425M | $487M | $943M | $253M | $114M | $74M | $66M | $50M | $39M | $41M | |
| Inventory | $94M | $97M | $136M | $175M | $391M | $106M | $28M | $25M | $20M | $14M | $19M | $19M | |
| Prepaid Expense | $18M | $16M | $13M | $18M | $150M | $16M | $2M | $5M | $2M | $1M | $958.0K | $1M | |
| Current Assets | $7.06B | $10.64B | $11.60B | $11.30B | $14.94B | $1.56B | $350M | $284M | $204M | $131M | $128M | $155M | |
| PP&E (Net) | $706M | $881M | $952M | $990M | $855M | $200M | $74M | $71M | $76M | $67M | $64M | $66M | |
| PP&E (Gross) | $1.57B | $1.49B | $1.47B | $1.25B | $995M | $258M | $126M | $119M | $123M | $105M | $101M | $99M | |
| Accum. Depreciation | $592M | $486M | $409M | $265M | $140M | $58M | $51M | $49M | $46M | $38M | $37M | $32M | |
| Goodwill | $13M | $28M | $0 | $0 | $0 | · | · | · | · | · | · | · | |
| Intangibles | $78M | $123M | $9M | $10M | $1M | $1M | · | · | · | · | · | · | |
| Other Non-current Assets | $18M | $20M | $21M | $19M | $2M | · | · | · | $528.0K | $964.0K | $328.0K | $1M | |
| Total Assets | $8.54B | $12.34B | $13.61B | $14.03B | $16.76B | $1.90B | $452M | $370M | $299M | $211M | $203M | $239M | |
| Accounts Payable | $605M | $803M | $989M | $925M | $1.03B | $211M | $59M | $50M | $59M | $25M | $23M | $-3M | |
| Accrued Liabilities | $153M | $157M | $185M | $240M | $497M | $114M | $31M | $27M | $33M | $9M | $10M | $8M | |
| Current Liabilities | $1.54B | $1.45B | $1.29B | $1.26B | $2.52B | $680M | $87M | $58M | $93M | $66M | $58M | $80M | |
| Capital Leases | $9M | $13M | $39M | $53M | $112M | $85M | $6M | $0 | · | · | · | · | |
| Deferred Tax | $325M | $410M | $454M | $462M | $541M | $3M | · | · | · | · | · | · | |
| Other Non-current Liabilities | $24.0K | $23.0K | $40.0K | $35.0K | $319.0K | $865.0K | $2M | $3M | $3M | $3M | $3M | $454.0K | |
| Total Liabilities | $2.15B | $2.04B | $1.97B | $1.79B | $3.21B | $781M | $100M | $78M | $122M | $82M | $66M | $97M | |
| Long-term Debt | $495M | $376M | $254M | $12M | $16M | $35M | $6M | $7M | $33M | $41M | · | · | |
| Common Stock | $72.0K | $72.0K | $72.0K | $72.0K | $72.0K | $99.0K | $99.0K | $71.0K | $57.0K | $57.0K | $57.0K | $56.0K | |
| Retained Earnings | $2.82B | $6.84B | $6.79B | $6.80B | $6.81B | $144M | $57M | $24M | $9M | $-12M | $-10M | $-6M | |
| AOCI | $-513M | $-708M | $-563M | $-401M | $130M | $20M | $-4M | $-2M | $7M | $168.0K | $8M | $12M | |
| Stockholders' Equity | $4.44B | $8.26B | $8.32B | $8.49B | $9.00B | $746M | $294M | $253M | $151M | $116M | $122M | $127M | |
| Liabilities + Equity | $8.54B | $12.34B | $13.61B | $14.03B | $16.76B | $1.90B | $452M | $370M | $299M | $211M | $203M | $239M | |
| Shares Outstanding | 71,860,702 | 71,860,702 | 71,860,702 | 71,724,902 | 71,724,902 | 99,294,743 | 98,903,243 | 71,139,402 | 57,281,861 | 57,011,761 | 56,906,561 | 55,809,661 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | · | $0 | $0 | $0 | $8M | $10M | $3M | $4M | $979.0K | $2M | $952.0K | $287.0K | |
| Deferred Tax | $-90M | $-56M | $-17M | $-84M | $508M | $-11M | $-6M | $3M | $-5M | $-1M | $-333.0K | $-225.0K | |
| Amort. of Intangibles | $1M | $1M | $998.0K | $445.0K | $183.0K | $106.0K | $0 | $0 | · | · | · | · | |
| Operating Cash Flow | $-512M | $-57M | $139M | $-798M | $15.32B | $479M | $39M | $8M | $60M | $-14M | $4M | $-10M | |
| CapEx | $49M | $96M | $156M | $314M | $594M | $0 | $11M | $6M | $12M | $13M | $5M | $11M | |
| Investing Cash Flow | $4.39B | $456M | $-2.70B | $-6.09B | $-2.98B | $-205M | $-42M | $-25M | $-12M | $-12M | $-5M | $-11M | |
| Stock Issued | $0 | $0 | $676.0K | $0 | $1M | $2M | $0 | $85M | $1M | $315.0K | $732.0K | $512.0K | |
| Net Stock Activity | $0 | $0 | $676.0K | $0 | $1M | $2M | $0 | $85M | $1M | $315.0K | $732.0K | $512.0K | |
| Dividends Paid | $3.53B | $947M | $328M | $247M | $1.88B | $0 | $0 | · | · | · | · | · | |
| Financing Cash Flow | $-3.43B | $-824M | $-89M | $-300M | $-1.91B | $593M | $2M | $64M | $-1M | $28M | $-24M | $5M | |
| Net Change in Cash | $554M | $-527M | $-2.76B | $-7.73B | $10.57B | $894M | $-2M | $42M | $51M | $-162.0K | $-26M | $-17M | |
| Taxes Paid | $186M | $47M | $-59M | $1.30B | $1.49B | · | · | · | · | · | · | · | |
| Free Cash Flow | $-561M | $-153M | $104M | $-771M | $14.63B | $352M | $28M | $2M | $49M | $-28M | $-3M | $-20M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.9% | 61.1% | 59.5% | 54.1% | 94.5% | 86.8% | 86.8% | 89.2% | 88.4% | 69.1% | 72.7% | 73.9% | |
| Operating Margin | -127.0% | -139.9% | -134.5% | -31.2% | 90.6% | 42.2% | 27.9% | 19.7% | 26.1% | 0.70% | 5.5% | 0.77% | |
| Net Margin | -51.5% | · | -22.3% | 7.6% | 43.7% | 21.6% | 18.3% | 9.5% | 14.8% | -0.82% | -1.6% | -0.53% | |
| Pretax Margin | -67.9% | 11.8% | -34.1% | 1.7% | 90.6% | 42.4% | 28.8% | 20.3% | 25.8% | -0.54% | 4.5% | 1.8% | |
| EBITDA Margin | -127.0% | -139.9% | -134.5% | -31.2% | 90.6% | 42.2% | 27.9% | 19.7% | 26.1% | 0.70% | 5.5% | 0.77% | |
| ROA | -1.9% | · | -0.72% | 0.74% | 90.8% | 9.4% | 10.9% | 6.5% | 10.1% | -0.29% | -0.49% | -0.14% | |
| ROE | -3.1% | · | -1.2% | 1.3% | 168.1% | 21.2% | 16.4% | 10.8% | 19.3% | -0.50% | -0.86% | -0.26% | |
| ROIC | -8.4% | -5.8% | -11.7% | -18.2% | 154.9% | 24.7% | 21.5% | 13.9% | 24.5% | 3.4% | 0.51% | -0.12% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.6 | 7.3 | 10.3 | 11.1 | 6.2 | 2.3 | 4.0 | 4.9 | 2.2 | 2.0 | 2.2 | 1.9 | |
| Quick Ratio | 4.1 | 7.1 | 10.2 | 10.9 | 6.0 | 2.1 | 3.6 | 4.3 | 2.0 | 1.7 | 1.8 | 1.7 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.1 | 2.1 | 0.4 | 0.6 | 0.7 | 0.7 | 0.3 | 0.3 | 0.3 | |
| Inventory Turnover | 1.3 | 1.2 | 1.2 | 2.4 | 4.5 | 1.0 | 1.2 | 1.1 | 1.2 | 1.4 | 1.0 | 1.0 | |
| Receivables Turnover | 1.3 | 1.0 | 1.0 | 2.0 | 32.1 | 2.8 | 2.6 | 3.3 | 3.0 | 1.6 | 1.7 | 1.7 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $61.77 | $114.98 | $87.41 | $89.66 | $93.74 | $7.52 | $2.97 | $3.56 | $2.64 | $2.03 | $2.17 | $2.27 | |
| Revenue / Share | $5.37 | $5.03 | $4.50 | $13.07 | $169.95 | $4.49 | $2.24 | $3.53 | $3.05 | $1.27 | $1.20 | $1.13 | |
| Cash Flow / Share | $-7.13 | $-0.79 | $1.04 | $-6.75 | $134.66 | $4.22 | $0.36 | $0.12 | $1.07 | $-0.27 | $0.05 | $-0.16 | |
| Cash / Share | $6.79 | $4.67 | $12.75 | $43.00 | $116.67 | $10.48 | $1.54 | $2.22 | $2.00 | $1.10 | $1.12 | $1.64 | |
| Dividend / Share | $55.00 | · | · | · | · | · | · | · | · | · | · | · | |
| EPS (TTM) | $-0.83 | $1.27 | $-0.19 | $0.20 | $113.44 | $0.97 | $0.41 | $0.34 | $0.45 | $-0.01 | $-0.03 | $-0.03 |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $386M | $361M | $470M | $1.47B | $19.37B | $511M | $246M | $230M | $174M | $72M | $67M | $63M | |
| Net Income TTM | $-199M | $41M | $-121M | $14M | $8.12B | $110M | $45M | $22M | $26M | $-596.0K | $-1M | $-2M | |
| Market Cap | $465M | $465M | $645M | $644M | $644M | $642M | $640M | $494M | $451M | $336M | $326M | $292M | |
| P/E | -7.8 | 5.1 | -34.1 | 32.4 | 0.1 | 6.7 | 15.8 | 20.4 | 17.5 | -590.0 | -190.7 | -174.3 | |
| P/S | 1.2 | 1.3 | 1.4 | 0.4 | 0.0 | 1.3 | 2.6 | 2.1 | 2.6 | 4.6 | 4.8 | 4.6 | |
| P/B | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.9 | 2.2 | 1.9 | 3.0 | 2.9 | 2.6 | 2.3 | |
| P / Tangible Book | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.9 | · | · | · | · | · | · | |
| P / Cash Flow | -0.9 | -8.2 | 6.2 | -0.8 | 0.0 | 1.3 | 16.4 | 62.2 | 7.4 | -21.8 | 122.3 | -33.8 | |
| P / FCF | -0.8 | -3.0 | 6.2 | -0.8 | 0.0 | 1.8 | 22.5 | 211.9 | 9.1 | -12.0 | -123.4 | -14.9 | |
| Dividend Yield | 760.2% | 203.7% | 50.9% | 38.4% | 291.4% | 0.00% | 0.00% | · | · | · | · | · | |
| Earnings Yield | -12.8% | 19.6% | -2.9% | 3.1% | 1753.3% | 15.0% | 6.3% | 4.9% | 5.7% | -0.17% | -0.52% | -0.57% | |
| Payout Ratio | -1777.5% | · | -328.4% | 231.1% | 22.1% | · | · | · | · | · | · | · | |
| Annual Payout | $3.53B | $947M | $328M | $247M | $1.88B | $0 | $0 | · | · | · | · | · |
Per Share
| Metric | Trend | Q4 2012 | Q4 2010 | Q4 2009 | Q4 2008 | Q4 2007 | Q4 2006 | Q4 2005 | Q4 2004 | Q4 2003 | Q4 2002 | Q4 2001 | Q4 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS (TTM) | $-0.27 | $-0.16 | $0.46 | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | Q4 2012 | Q4 2010 | Q4 2009 | Q4 2008 | Q4 2007 | Q4 2006 | Q4 2005 | Q4 2004 | Q4 2003 | Q4 2002 | Q4 2001 | Q4 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $49M | $33M | $84M | · | · | · | · | · | · | · | · | · | |
| Net Income TTM | $-19M | $-13M | $20M | · | · | · | · | · | · | · | · | · | |
| P/E | -11.6 | -28.2 | 13.8 | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | -8.6% | -3.5% | 7.3% | · | · | · | · | · | · | · | · | · | |
| Annual Payout | $802.2K | $3M | $4M | · | · | · | · | · | · | · | · | · |
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 | $386M | $361M | $470M | $1.47B | $19.37B |
| Gross Margin % | 67.9% | 61.1% | 59.5% | 54.1% | 94.5% |
| Operating Margin % | -127.0% | -139.9% | -134.5% | -31.2% | 90.6% |
| Net Income | $-199M | $41M | $-121M | $14M | $8.12B |
| Diluted EPS | $-0.83 | $1.27 | $-0.19 | $0.20 | $113.44 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 4.6 | 7.3 | 10.3 | 11.1 | 6.2 |
| Quick Ratio | 4.1 | 7.1 | 10.2 | 10.9 | 6.0 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-561M | $-153M | $104M | $-771M | $14.63B |
Institutional owners (13F) 29 filers · $222.9M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 2 (-1 vs prior Q) | 2 (-1 vs prior Q) | 3 (-1 vs prior Q) | 6 (+4 vs prior Q) | -28K |
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.
Activists & 5%+ owners 16 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 |
|---|---|---|---|---|---|
| SAIF Partners IV L.P., SAIF IV GP, L.P., SAIF IV GP Capital Ltd. ×20 filings | Dec. 17, 2025 | 15.00% | Amendment | · | SEC |
| 1Globe Capital LLC, 1Globe Biomedical (Hong Kong) Company Limited, Jiaqiang Li ×7 filings | Sept. 12, 2025 | 32.30% | Amendment | Passive investment | SEC |
| Weidong Yin ×6 filings | July 15, 2025 | 8.85% | Amendment | · | SEC |
| Advantech Capital L.P., Advantech Capital Partners Ltd., Green Vision Partners Limited, Prime Success, L.P. ×3 filings | July 14, 2025 | 8.14% | Amendment | · | SEC |
| Vivo Capital VIII, LLC, Vivo Capital IX, LLC ×4 filings | July 11, 2025 | 6.30% | Amendment | · | SEC |
| CDH Utopia Limited, CDH Fund VI, L.P., CDH VI Holdings Company Limited, CDH Griffin Holdings Company Limited | Dec. 22, 2020 | · | Initial filing | Passive investment | SEC |
| 1Globe Biomedical (Hong Kong) Company Limited, 1Globe Capital LLC | Dec. 21, 2020 | · | Initial filing | · | SEC |
| Vivo Capital, LLC, Vivo Capital VIII, LLC, Vivo Capital IX, LLC ×3 filings | Aug. 27, 2018 | · | Initial filing | · | SEC |
| John M. Gregory, Joan P. Gregory, Susan Gregory, James M. Gregory, SJ Strategic Investments, LLC, Kingsway Charities, Inc. ×2 filings | March 5, 2014 | · | Initial filing | Passive investment | SEC |
| SAIF Partners IV L.P. (2), SAIF IV GP, L.P. (2), SAIF IV GP Capital Ltd. (2) | Dec. 30, 2011 | · | Initial filing | · | SEC |
| Wei Dong Yin (2) | Feb. 7, 2008 | · | Initial filing | · | SEC |
| Lily Wang (2) ×7 filings | Jan. 12, 2007 | · | Initial filing | Passive investment | SEC |
| Heping Wang (2) | Aug. 24, 2005 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | Feb. 13, 2004 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | Nov. 4, 2003 | · | Initial filing | Board campaign | SEC |
| Undisclosed reporting person | Nov. 4, 2003 | · | Initial filing | Board campaign | 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 2 insiders · 1 officers · 1 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Terry G Bowering | President & CEO | Sept. 24, 2003 S | 0 | 0 | 0 | $0 |
| IFG INVESTMENTS SERVICES INC | 10% owner | Nov. 4, 2003 S | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
SVA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
6 analysts · 2026-09-08Mean target $3.52 -45.6%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
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