your badges 52W Range $1–$2 23% of range Analyst Rating BUY 7 analysts Price Target $8 +611% upside P/E -9.3 ROE -924.3% Net Profit Margin ·

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

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Price $1.12
P/E -9.3
EPS $-0.16
ROE -924.3%
52W Range $1–$2

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

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Stock splits 2
Ex-date Split Type
July 31, 2020 2499-for-1000 Forward
Oct. 29, 2019 2-for-1 Forward

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

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EPS$-0.16
2020-12-31 → 2025-12-31
Free Cash Flow$-13M
2019-12-31 → 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 TLSA 5Y avg Peer Median Verdict
P/E -9.35Y avg ≈-5.4 ≈-5.4 · ·

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

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

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Income Statement 12
Metric Trend 202520242023202220212020201920182017
R&D Expense $10M$5M$8M$13M$13M$6M$4M$6M$6M
SG&A Expense ·······$4M$5M
Operating Income $-21M$-16M$-18M$-15M$-27M$-28M$-10M$-10M$-10M
Interest Expense $18.0K$2M$412.0K$876.0K··$92.0K$12.0K$12.0K
Interest Income $3M$814.0K$1M$32.0K·$8.0K$1.0K··
Pretax Income $-18M$-17M$-17M$-15M$-27M$-28M$-10M$-10M$-11M
Income Tax ·$-5M$449.0K·$-3M$-2M$-2M$-2M$-2M
Net Income $-18M$-12M$-18M$-15M$-23M$-26M$-9M$-8M$-9M
EPS (Basic) $-0.16$-0.11$-0.17$-0.15$-0.24$-0.16$-0.07$-0.06$-8.59
EPS (Diluted) $-0.16$-0.11$-0.17$-0.15$-0.24$-0.16···
Shares (Basic) 118,282,753106,672,342102,471,016101,526,38997,932,05597,306,14497,306,144127,553,866106,403,903
EBITDA $-21M$-16M$-18M$-15M$-27M$-28M$-10M$-10M·
Balance Sheet 10
Metric Trend 202520242023202220212020201920182017
Cash & Equivalents $4M$4M$1M$18M$42M$66M$200.0K$5M$64.0K
Current Assets $9M$8M$7M$24M$49M$70M$2M$7M$2M
PP&E (Net) $26.0K$16.0K$10.0K$17.0K$17.0K$3.0K$6.0K$7.0K$23.0K
Intangibles ····$130.0K$120.0K···
Total Assets $11M$11M$12M$26M$49M$71M$2M$7M$2M
Accounts Payable $10M$7M$6M$7M$6M$6M$6M$6M$4M
Current Liabilities $11M$7M$7M$7M$8M$8M$7M$6M$5M
Total Liabilities $11M$7M$7M$7M$8M$8M$8M$6M$5M
Retained Earnings $-163M$-145M$-134M$-116M$-108M$-85M$-60M$-51M$-43M
Stockholders' Equity $52.0K$4M$6M$20M$41M$62M$70M$76M$-2M
Cash Flow 6
Metric Trend 202520242023202220212020201920182017
Operating Cash Flow $-13M$-2M$-16M$-20M$-22M$-11M$-7M$-5M$-8M
CapEx $21.0K$19.0K··$22.0K$3.0K$4.0K·$1.0K
Investing Cash Flow $3M$-71.0K$-1M$-4M$130.0K$-123.0K$-4.0K·$-1.0K
Financing Cash Flow $10M$5M$40.0K$-55.0K$-23.0K$75M$2M$10M$2M
Free Cash Flow $-13M$-2M··$-22M$-11M$-7M··
Levered FCF ·$-3M····$-7M··
Profitability 3
Metric Trend 202520242023202220212020201920182017
ROA -161.8%-101.1%-91.5%-40.9%-39.2%-71.6%-200.5%-170.2%·
ROE -924.3%-250.5%-140.9%-50.6%-45.2%-39.6%-26.5%908.9%·
ROIC ·-284.3%-333.3%·-58.1%-41.4%167.5%-1538.4%·
Liquidity & Solvency 3
Metric Trend 202520242023202220212020201920182017
Current Ratio 0.81.01.13.66.58.80.21.1·
Quick Ratio 0.40.50.22.75.68.20.00.8·
Interest Coverage -1174.0-8.9····-107.8-827.2·
Per Share 1
Metric Trend 202520242023202220212020201920182017
EPS (TTM) $-0.16$-0.11$-0.17$-0.15$-0.24$-0.16···
Valuation (TTM) 3
Metric Trend 202520242023202220212020201920182017
Net Income TTM $-18M$-12M$-18M$-15M$-23M$-26M$-9M$-8M·
P/E -9.3-6.4-3.3-4.0-4.0-12.6···
Earnings Yield -10.7%-15.7%-30.4%-25.0%-25.0%-7.9%···

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 2025-12-312024-12-312023-12-312022-12-312021-12-31
Net Income $-18M $-12M $-18M $-15M $-23M
Diluted EPS $-0.16 $-0.11 $-0.17 $-0.15 $-0.24

Institutional owners (13F) 31 filers · $3.1M 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 31
Value held $3.1M
New positions 5
Exited positions 7
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
5 (-2 vs prior Q) 7 (+1 vs prior Q) 9 (+4 vs prior Q) 4 (-5 vs prior Q) -700K

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
Dauntless Investment Group, LLC $1,487,360 1,162,000 47.80% Shares
Mid-American Wealth Advisory Group, Inc. $413,747 323,240 13.30% Shares
Zhang Financial LLC $161,216 125,950 5.18% Shares
GOLDMAN SACHS GROUP INC $152,625 119,238 4.91% Shares
CITADEL ADVISORS LLC $102,684 80,222 3.30% Shares
Focus Partners Wealth $101,587 79,365 3.26% Shares
GEODE CAPITAL MANAGEMENT, LLC $100,101 78,204 3.22% Shares
UBS Group AG $93,286 72,880 3.00% Shares
HSBC HOLDINGS PLC $78,046 62,437 2.51% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $71,552 55,900 2.30% Call option
MORGAN STANLEY $68,680 53,656 2.21% Shares
EWA, LLC $57,206 44,692 1.84% Shares
Private Advisor Group, LLC $25,146 19,645 0.81% Shares
China Universal Asset Management Co., Ltd. $23,040 18,000 0.74% Shares
Rachor Investment Advisory Services, LLC $21,760 17,000 0.70% Shares
OSAIC HOLDINGS, INC. $20,864 16,300 0.67% Shares
JANE STREET GROUP, LLC $17,657 13,794 0.57% Shares
RENAISSANCE TECHNOLOGIES LLC $16,768 13,100 0.54% Shares
CAPTRUST FINANCIAL ADVISORS $16,640 13,000 0.53% Shares
Corient Private Wealth LP $15,589 12,179 0.50% Shares
JNBA Financial Advisors $15,360 12,000 0.49% Shares
LPL Financial LLC $13,440 10,500 0.43% Shares
WEALTH ALLIANCE, LLC $13,248 10,350 0.43% Shares
Venture Visionary Partners LLC $12,800 10,000 0.41% Shares
DiNuzzo Private Wealth, Inc. $5,850 5,000 0.19% Shares
JONES FINANCIAL COMPANIES LLLP $2,483 2,104 0.08% Shares
WELLS FARGO & COMPANY/MN $1,280 1,000 0.04% Shares
MCGUIRE CAPITAL ADVISORS INC $1,110 867 0.04% Shares
Tradewinds Capital Management, LLC $331 258 0.01% Shares
Caitong International Asset Management Co., Ltd $60 47 0.00% Shares
HRT FINANCIAL LP $58 45,589 0.00% Shares

Activists & 5%+ owners 1 position

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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
Planwise Group Limited, Panetta Partners Limited, Gabriele M. Cerrone Jan. 4, 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 2 insiders · 1 officers · 0 directors

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Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Ivor Elrifi Chief Executive Officer Aug. 15, 2026 M 5,843,684 3 0 $985,909
Gabriele M Cerrone · June 12, 2026 P 44,772,230 2 0 $58,583

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

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

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rating · 7 analysts BUY
Median target $7.96 +610.9%
2 28.6% Strong Buy
4 57.1% Buy
1 14.3% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

2 analysts · 2026-10-02

Mean target $7.96 +610.9%

← Below all targets Current price $1.12
Low$6.93 Mean$7.96 High$9.00

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
TLSA · -9.3 · · -924.3% ·
AUTL · -1.8 644.9% -381.4% -109.6% ·
BCYC $491M -2.2 105.8% -301.7% -34.2% ·
OKYO · -6.7 · · -263.8% ·
MREO $332M -8.3 · -8375.6% -88.1% ·
ROIV $19.95B -51.3 -71.6% -3629.2% -6.5% ·

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Source: SEC 20-F filed May 1, 2026