AEON Biopharma (AEON)
Market Price (11/5/2026): $0.2121 | Market Cap: $15.2 MilSector: Health Care | Industry: Biotechnology
AEON Biopharma (AEON)
Market Price (11/5/2026): $0.2121Market Cap: $15.2 MilSector: Health CareIndustry: Biotechnology
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Precision Medicine. Themes include Biopharmaceutical R&D, and Targeted Therapies. | Weak multi-year price returns2Y Excs Rtn is -130%, 3Y Excs Rtn is -182% | Penny stockMkt Price is 0.2 Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -20 Mil Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -520% High stock price volatilityVol 12M is 107% Key risksAEON key risks include [1] substantial doubt about its ability to continue as a going concern, Show more. |
| Megatrend and thematic driversMegatrends include Precision Medicine. Themes include Biopharmaceutical R&D, and Targeted Therapies. |
| Weak multi-year price returns2Y Excs Rtn is -130%, 3Y Excs Rtn is -182% |
| Penny stockMkt Price is 0.2 |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -20 Mil |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -520% |
| High stock price volatilityVol 12M is 107% |
| Key risksAEON key risks include [1] substantial doubt about its ability to continue as a going concern, Show more. |
Qualitative Assessment
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AEON Biopharma (AEON) stock has lost about 30% since 7/31/2026 because of the following key factors:
1. Uncertainty and potentially lengthened development timeline for ABP-450 biosimilar following FDA feedback.
AEON Biopharma received official minutes from its Biosimilar Biological Product Development (BPD) Type 2b meeting with the U.S. Food and Drug Administration (FDA) on September 30, 2026, regarding its ABP-450 development pathway. While the company's CEO noted the feedback provided "greater clarity," it also outlined that AEON plans to submit an Investigational New Drug (IND) application for a CMAP study in fiscal Q4 2026 and initiate the study in fiscal Q1 2027. The company stated it "does not intend to initiate a standalone comparative efficacy study at this time" and plans to return to the FDA in 2027 with its integrated evidence package, suggesting a potentially longer or more complex regulatory path than investors might have initially expected.
2. Dilutive warrant amendment to secure capital.
On November 2, 2026, AEON Biopharma amended the terms of its outstanding Two-Year Milestone Warrants, reducing the exercise price for common stock from $0.3221 to $0.20 per share, and for pre-funded warrants from $0.3220 to $0.1999 per unit. This amendment was made to generate approximately $6.2 million in gross proceeds ahead of the warrants' accelerated expiration on November 16, 2026, which was triggered by the September 30, 2026, FDA milestone event. The reduction in exercise price, coupled with the stock trading around $0.27-$0.28 as of November 3, 2026, likely increased concerns among investors regarding potential dilution of existing shares.
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AEON Biopharma (AEON) stock has lost about 30% since 7/31/2026 because of the following key factors:
1. Uncertainty and potentially lengthened development timeline for ABP-450 biosimilar following FDA feedback.
AEON Biopharma received official minutes from its Biosimilar Biological Product Development (BPD) Type 2b meeting with the U.S. Food and Drug Administration (FDA) on September 30, 2026, regarding its ABP-450 development pathway. While the company's CEO noted the feedback provided "greater clarity," it also outlined that AEON plans to submit an Investigational New Drug (IND) application for a CMAP study in fiscal Q4 2026 and initiate the study in fiscal Q1 2027. The company stated it "does not intend to initiate a standalone comparative efficacy study at this time" and plans to return to the FDA in 2027 with its integrated evidence package, suggesting a potentially longer or more complex regulatory path than investors might have initially expected.
2. Dilutive warrant amendment to secure capital.
On November 2, 2026, AEON Biopharma amended the terms of its outstanding Two-Year Milestone Warrants, reducing the exercise price for common stock from $0.3221 to $0.20 per share, and for pre-funded warrants from $0.3220 to $0.1999 per unit. This amendment was made to generate approximately $6.2 million in gross proceeds ahead of the warrants' accelerated expiration on November 16, 2026, which was triggered by the September 30, 2026, FDA milestone event. The reduction in exercise price, coupled with the stock trading around $0.27-$0.28 as of November 3, 2026, likely increased concerns among investors regarding potential dilution of existing shares.
3. Persistent financial losses despite a Q2 2026 earnings beat.
While AEON Biopharma reported its fiscal Q2 2026 (which ended June 2026) earnings on August 11, 2026, with a loss per share of -$0.02, exceeding analysts' expectations of -$0.33, the company continues to face significant financial challenges. For the twelve months ending June 30, 2026, AEON reported a net loss of -$54.62 million. Furthermore, the consensus earnings per share forecast for fiscal Q3 2026 (July-September 2026) is projected to be between -$0.077 and -$0.10, indicating ongoing unprofitability and a continued burn rate without substantial revenue generation from ABP-450.
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Stock Movement Drivers
Fundamental Drivers
The -28.8% change in AEON stock from 7/31/2026 to 11/4/2026 was primarily driven by a -19.6% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312026 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.29 | 0.21 | -28.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 41 | 51 | -19.6% |
| Cumulative Contribution | 0.0% |
Market Drivers
7/31/2026 to 11/4/2026| Return | Correlation | |
|---|---|---|
| AEON | -28.8% | |
| Market (SPY) | 2.6% | 8.7% |
| Sector (XLV) | 16.7% | -22.6% |
Fundamental Drivers
The -77.4% change in AEON stock from 4/30/2026 to 11/4/2026 was primarily driven by a -74.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302026 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.92 | 0.21 | -77.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 13 | 51 | -74.5% |
| Cumulative Contribution | 0.0% |
Market Drivers
4/30/2026 to 11/4/2026| Return | Correlation | |
|---|---|---|
| AEON | -77.4% | |
| Market (SPY) | 7.0% | 6.0% |
| Sector (XLV) | 30.5% | -14.0% |
Fundamental Drivers
The -75.5% change in AEON stock from 10/31/2025 to 11/4/2026 was primarily driven by a -78.1% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 10312025 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.85 | 0.21 | -75.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 11 | 51 | -78.1% |
| Cumulative Contribution | 0.0% |
Market Drivers
10/31/2025 to 11/4/2026| Return | Correlation | |
|---|---|---|
| AEON | -75.5% | |
| Market (SPY) | 13.4% | 6.3% |
| Sector (XLV) | 33.2% | -5.8% |
Fundamental Drivers
The -99.9% change in AEON stock from 10/31/2023 to 11/4/2026 was primarily driven by a -99.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 10312023 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 380.16 | 0.21 | -99.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 0 | 0.0% |
| P/S Multiple | � | ∞ | 0.0% |
| Shares Outstanding (Mil) | 0 | 51 | -99.4% |
| Cumulative Contribution | 0.0% |
Market Drivers
10/31/2023 to 11/4/2026| Return | Correlation | |
|---|---|---|
| AEON | -99.9% | |
| Market (SPY) | 89.7% | 4.8% |
| Sector (XLV) | 59.5% | 2.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AEON Return | 1% | 4% | -28% | -92% | -97% | -81% | -100% |
| Peers Return | -7% | 32% | 41% | -1% | 13% | 2% | 96% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| AEON Win Rate | 33% | 75% | 67% | 33% | 50% | 27% | |
| Peers Win Rate | 42% | 67% | 58% | 50% | 83% | 31% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| AEON Max Drawdown | - | -1% | -69% | -97% | -99% | -86% | |
| Peers Max Drawdown | -27% | -19% | -12% | -23% | -29% | -15% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VRTX, ASPE, ATYR, BBTX, CTY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/4/2026 (YTD)
How Low Can It Go
| Event | AEON | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -11.2% | -7.8% |
| % Gain to Breakeven | 12.6% | 8.5% |
| Time to Breakeven | 3 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -50.1% | -9.5% |
| % Gain to Breakeven | 100.5% | 10.5% |
| Time to Breakeven | 132 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -30.3% | -6.7% |
| % Gain to Breakeven | 43.5% | 7.1% |
| Time to Breakeven | 21 days | 31 days |
In The Past
AEON Biopharma's stock fell -11.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 12.6% gain to breakeven.
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| Event | AEON | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -50.1% | -9.5% |
| % Gain to Breakeven | 100.5% | 10.5% |
| Time to Breakeven | 132 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -30.3% | -6.7% |
| % Gain to Breakeven | 43.5% | 7.1% |
| Time to Breakeven | 21 days | 31 days |
In The Past
AEON Biopharma's stock fell -11.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 12.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About AEON Biopharma (AEON)
AEON Biopharma (symbol: AEON) is a clinical-stage biopharmaceutical company dedicated to the development of botulinum toxins for various debilitating medical conditions. Its primary focus is on advancing ABP-450 (prabotulinumtoxinA) injection, a specialized formulation of botulinum toxin designed to address significant unmet medical needs.
Currently, AEON Biopharma is progressing ABP-450 through clinical trials. The company has completed a Phase 2 study for the treatment of cervical dystonia, a painful neurological movement disorder, and is conducting an ongoing Phase 2 study to evaluate ABP-450's efficacy for both chronic and episodic migraine. These efforts target markets encompassing patients experiencing severe and chronic neurological conditions, aiming to provide new therapeutic options to improve their quality of life.
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Here are 1-2 brief analogies for AEON Biopharma:
A clinical-stage company developing its own version of "Botox for migraines and cervical dystonia."
An emerging biopharma company aiming to be the next Allergan (the original maker of Botox), but focused on new medical applications for botulinum toxins.
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- ABP-450 (prabotulinumtoxinA) injection: This is a botulinum toxin injection currently in clinical development for treating debilitating medical conditions such as cervical dystonia and chronic/episodic migraine.
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AEON Biopharma, Inc. (symbol: AEON) is a clinical-stage biopharmaceutical company focused on the development of botulinum toxins. Its lead product, ABP-450, is currently in Phase 2 clinical trials for various medical conditions.
As a clinical-stage company, AEON Biopharma is primarily engaged in research and development and has not yet commercialized its product. Therefore, it does not currently have major customers in the traditional sense of selling products to other companies or individuals.
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- Daewoong Pharmaceutical Co., Ltd. (Symbol: 069620)
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Rob Bancroft, President and Chief Executive Officer
Rob Bancroft was appointed President and Chief Executive Officer of AEON Biopharma in April 2025. He brings over 25 years of leadership experience in the life sciences industry, encompassing biopharmaceuticals, medical devices, and healthcare technology. Prior to joining AEON, Mr. Bancroft served as General Manager of the Therapeutics business at Revance Therapeutics, where he led the launch of Daxxify® for cervical dystonia. He was also President of Smith & Nephew's Biotherapeutics division, following the $782 million acquisition of Healthpoint Biotherapeutics, where he orchestrated a strategic turnaround. Earlier in his career, Mr. Bancroft held senior leadership roles at Allergan, where he was responsible for global strategy and U.S. commercialization of BOTOX® in multiple therapeutic indications.
John Bencich, Chief Financial Officer
John Bencich was appointed Chief Financial Officer of AEON Biopharma in March 2026. He brings over 25 years of experience in corporate strategy, capital market transactions, and business development for both emerging and publicly traded companies in the biotechnology and life sciences sectors. Most recently, Mr. Bencich served as Chief Executive Officer of Achieve Life Sciences, where he led fundraising efforts and drove market capitalization growth. He has held CFO roles at several organizations, including OncoGenex Pharmaceuticals, Integrated Diagnostics, Allozyne, and Trubion Pharmaceuticals. At Trubion Pharmaceuticals, he was instrumental in the company's sale to Emergent BioSolutions. Mr. Bencich's career also includes roles at Onyx Software Corporation and Ernst & Young LLP.
Jennifer Sy, Chief Accounting Officer and Principal Financial Officer
Jennifer Sy was promoted to Chief Accounting Officer and principal financial officer in April 2025, having previously served as Vice President, Corporate Controller since August 2023. She has an extensive background in finance and accounting across various industries, including technology and healthcare. Prior to her time at AEON Biopharma, Ms. Sy held senior roles at Nogin, Inc., Prospect Medical Holdings, Inc., and Eagle Business Performance Services. She began her career as an external auditor at Deloitte LLP.
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Clinical Development and Regulatory Approval Risks
As a clinical-stage biopharmaceutical company, AEON Biopharma's success is predominantly reliant on the successful completion of clinical trials and subsequent regulatory approval for its lead product candidate, ABP-450 (prabotulinumtoxinA). The company is actively pursuing a biosimilar regulatory pathway (351(k)) for ABP-450, using Botox as the reference product, which involves specific analytical studies and meetings with the FDA. The inherent uncertainties of clinical trials, including the possibility of delays or failures, as well as the unpredictable nature of regulatory processes, pose significant risks to the company's ability to commercialize its product.
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Financial and Funding Risks
AEON Biopharma has experienced ongoing losses from operations and has accumulated a significant deficit. The capital-intensive nature of biopharmaceutical research and development means the company's long-term operational needs are heavily dependent on its ability to raise future financing. There is a risk that existing cash and cash equivalents may not be sufficient for an extended period, and the company could face challenges in securing additional capital or maintaining compliance with stock exchange listing standards. Furthermore, any future sales or issuances of common stock could lead to dilution of the percentage ownership for existing stockholders.
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Dependence on a Single Product Candidate and Sole Supplier
AEON Biopharma's business model is largely concentrated on the successful development and eventual commercialization of a single primary product candidate, ABP-450. Should ABP-450 fail to achieve regulatory approval or market acceptance, or encounter significant delays, the company's future prospects would be severely impacted. Additionally, AEON Biopharma relies on Daewoong Pharmaceutical Co., Ltd. as its exclusive and sole supplier for the manufacture of the source material for its product candidates. The termination or loss of significant rights under this critical supply agreement would materially and adversely affect AEON's development and commercialization efforts.
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AEON Biopharma (symbol: AEON) focuses on developing ABP-450 (prabotulinumtoxinA) for debilitating medical conditions, including cervical dystonia, chronic migraine, and episodic migraine.
Addressable Market Sizes:
- Cervical Dystonia: The global addressable market for cervical dystonia was approximately 303.4 million USD across the 7 major markets (US, EU4, UK, and Japan) in 2022. This market is projected to reach 291.3 million USD by 2035, growing at a CAGR of 5.83% from 2025 to 2035. The U.S. market alone for cervical dystonia was approximately 222.2 million USD in 2022, with North America expected to hold over 50.3% market share by 2035.
- Chronic Migraine: The U.S. addressable market for chronic migraine (preventive + acute) was approximately 2.766 billion USD in 2023. AEON Biopharma estimates that approximately 4 million Americans live with chronic migraine. Globally, the chronic migraine treatment market was valued at 3514.5 million USD in 2024 and is expected to grow to 4945.3 million USD by 2031.
- Episodic Migraine: The U.S. addressable market for episodic migraine (preventive + acute) was approximately 4.026 billion USD in 2023. AEON Biopharma projects that approximately 9.4 million Americans live with episodic migraine.
The total migraine market across the 7 major markets (US, EU4, UK, and Japan) was approximately 10.88 billion USD in 2023 and is projected to increase through 2034. The U.S. migraine market alone was approximately 6.79 billion USD in 2023 and is also expected to increase by 2034.
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AEON Biopharma (AEON) is a clinical-stage biopharmaceutical company primarily focused on the development of ABP-450 (prabotulinumtoxinA) injection for various debilitating medical conditions. Over the next 2-3 years, the company's future revenue growth is expected to be driven by several key factors related to the advancement and potential commercialization of ABP-450:
- Advancement and Potential Approval of ABP-450 as a Therapeutic Biosimilar to BOTOX®: AEON Biopharma is pursuing an accelerated biosimilar pathway for ABP-450, aiming for full-label access to the U.S. therapeutic neurotoxin market. This market exceeds $3 billion annually. The company has reported positive biosimilarity results for ABP-450, demonstrating identical amino-acid sequencing and highly similar functional characteristics to BOTOX®. A successful Biologics License Application (BLA) submission and FDA approval for ABP-450 as a biosimilar would allow it to compete across existing therapeutic indications for which BOTOX® is approved, representing a significant revenue opportunity.
- Progression and Potential Regulatory Submission for ABP-450 in Cervical Dystonia: AEON is prepared to initiate a Phase 3 study for ABP-450 in cervical dystonia (CD). The completed Phase 2 study demonstrated significant results in reducing the signs and symptoms of CD, with sustained benefits and a favorable safety profile. The planned Phase 3 study aims to show non-inferiority to BOTOX® and would serve as the basis for a BLA filing, targeting the approximately 50,000 Americans suffering from this condition where botulinum toxin injection is the standard of care.
- Advancement into Pivotal Trials for ABP-450 in Episodic Migraine: While the Phase 2 study for episodic migraine did not meet its primary endpoint, it showed a favorable safety profile and achieved key secondary endpoints. A productive end-of-Phase 2 (EOP2) meeting with the U.S. FDA has resulted in preliminary agreement on the design and endpoints for a pivotal Phase 3 trial. This market represents a substantial growth opportunity, as currently available neurotoxins are only approved for chronic migraine, leaving a large population of episodic migraine sufferers with limited treatment options. Approval in this indication could significantly expand the addressable patient population.
- Initiation and Progress of Clinical Trials for New Indications such as Gastroparesis: AEON Biopharma is poised to commence a Phase 2 study for ABP-450 in gastroparesis, with an Investigational New Drug (IND) application already cleared by the FDA. The successful progression of this and other earlier-stage programs, such as those planned for Post-Traumatic Stress Disorder (PTSD), could open new therapeutic areas and contribute to future revenue growth beyond the initial indications.
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Share Issuance
- AEON Biopharma completed a 1:72 reverse stock split on February 26, 2025, which significantly reduced the number of outstanding shares by consolidating 72 old shares into 1 new share.
- As of March 2026, the company had 11,634,946 shares outstanding.
- The company filed an S-3 registration statement under the Securities Act of 1933 on February 9, 2026, indicating plans for future offerings of securities.
Inbound Investments
- AEON Biopharma announced an expectation to receive $15 million in funding from Daewoong Pharmaceutical Co., Ltd.
Capital Expenditures
- For the latest trailing twelve months, AEON Biopharma's Capital Expenditure (CapEx) CAGR 1YRS stood at 0%.
- Capital expenditures in the most recent quarter totaled $0.00.
- In the last 12 months, capital expenditures were reported as -$4,000.
Peer Outperformance in Biotechnology
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care Distributors | 6 | 13.4% | 63.7% | 103.3% | CAH 490% · MCK 391% · COR 194% |
| Health Care Services | 20 | 44.0% | 33.3% | 11.6% | HIMS 220% · RDNT 148% · DGX 96% |
| Managed Health Care | 8 | 44.6% | 5.6% | 0.6% | OSCR 107% · HQY 59% · ELV 11% |
| Health Care Facilities | 25 | 16.9% | 18.4% | -3.0% | THC 302% · NHC 241% · EHC 202% |
| Health Care Equipment | 50 | 14.4% | 18.7% | -15.0% | UFPT 408% · GKOS 348% · PLSE 147% |
| Pharmaceuticals | 60 | -5.1% | 8.2% | -35.2% | LQDA 999% · KNSA 546% · LLY 448% |
| Health Care Supplies | 11 | 34.9% | 23.0% | -36.1% | LNTH 267% · HAE 76% · MMSI 33% |
| Life Sciences Tools & Services | 108 | -6.2% | -10.3% | -74.1% | AXGN 288% · NTRA 253% · MEDP 189% |
| Biotechnology ← | 364 | -21.1% | -31.5% | -81.7% | ELVN 1112% · TRVI 1046% · DNTH 930% |
| Health Care Technology | 21 | -23.4% | -56.5% | -82.3% | VEEV -3% · DOCS -52% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 14.35 |
| Mkt Cap | 70.2 |
| Rev LTM | 0 |
| Op Inc LTM | -20 |
| FCF LTM | -14 |
| FCF 3Y Avg | -22 |
| CFO LTM | -14 |
| CFO 3Y Avg | -22 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.5% |
| Rev Chg 3Y Avg | 10.3% |
| Rev Chg Q | 11.8% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Inc Chg LTM | 8.8% |
| Op Inc Chg 3Y Avg | 768.4% |
| Op Mgn LTM | -16,788.2% |
| Op Mgn 3Y Avg | 22.4% |
| QoQ Delta Op Mgn LTM | 2,479.7% |
| CFO/Rev LTM | -14,338.4% |
| CFO/Rev 3Y Avg | 17.4% |
| FCF/Rev LTM | -14,413.7% |
| FCF/Rev 3Y Avg | 13.5% |
Segment Financials
Revenue by Segment| $ Mil | 2020 |
|---|---|
| Alphaeon Credit | 3 |
| AEON Biopharma Core | 0 |
| Total | 3 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Research and development of prabotulinumtoxinA injection (ABP-450) | -13 | 73 |
| Total | -13 | 73 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Research and development of prabotulinumtoxinA injection (ABP-450) | -39 | 42 |
| Total | -39 | 42 |
| $ Mil | 2023 | 2022 |
|---|---|---|
| Research and development of prabotulinumtoxinA injection (ABP-450) | 7 | 11 |
| Total | 7 | 11 |
Price Behavior
| Market Price | $0.21 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 04/12/2021 | |
| Distance from 52W High | -84.7% | |
| 50 Days | 200 Days | |
| DMA Price | $0.26 | $0.66 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -20.4% | -68.5% |
| 3M | 1YR | |
| Volatility | 126.3% | 106.9% |
| Downside Capture | 55.53 | 100.33 |
| Upside Capture | -125.90 | -86.50 |
| Correlation (S&P 500) | 10.0% | 7.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.24 | 1.08 | 1.36 | 0.72 | 0.58 | 0.49 |
| Up Beta | -8.70 | -0.56 | -1.21 | -0.63 | 0.53 | 0.35 |
| Down Beta | 2.24 | 2.41 | 2.53 | 2.49 | 0.84 | 0.68 |
| Up Capture | 66% | 81% | 150% | -65% | -11% | -7% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 10 | 17 | 27 | 50 | 113 | 333 |
| Down Capture | 185% | 129% | 180% | 182% | 121% | 112% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 12 | 26 | 37 | 76 | 133 | 407 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AEON | |
|---|---|---|---|---|
| AEON | -77.2% | 106.9% | -0.87 | - |
| Sector ETF (XLV) | 33.1% | 16.7% | 1.53 | -5.8% |
| Equity (SPY) | 13.2% | 12.9% | 0.68 | 6.2% |
| Gold (GLD) | 1.0% | 28.8% | 0.03 | 6.9% |
| Commodities (DBC) | 35.9% | 21.2% | 1.34 | -1.7% |
| Real Estate (VNQ) | 14.3% | 14.1% | 0.70 | -6.0% |
| Bitcoin (BTCUSD) | -28.2% | 43.4% | -0.65 | 1.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AEON | |
|---|---|---|---|---|
| AEON | -74.7% | 130.9% | -0.57 | - |
| Sector ETF (XLV) | 9.3% | 15.3% | 0.40 | 1.7% |
| Equity (SPY) | 12.5% | 17.2% | 0.55 | 3.5% |
| Gold (GLD) | 17.3% | 19.1% | 0.73 | 1.8% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | -0.5% |
| Real Estate (VNQ) | 1.8% | 18.9% | -0.01 | 1.3% |
| Bitcoin (BTCUSD) | 5.5% | 51.5% | 0.29 | 3.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AEON | |
|---|---|---|---|---|
| AEON | -49.5% | 128.7% | -0.55 | - |
| Sector ETF (XLV) | 12.5% | 16.8% | 0.61 | 1.7% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 3.5% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 1.8% |
| Commodities (DBC) | 7.4% | 18.1% | 0.33 | -0.5% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 1.3% |
| Bitcoin (BTCUSD) | 61.0% | 66.2% | 1.01 | 3.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 11/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | -1.6% | -27.9% | 18.9% |
| 5/14/2026 | -9.9% | 2.5% | -17.0% |
| 11/14/2025 | -3.8% | -12.8% | 9.6% |
| 8/12/2025 | 16.1% | 6.1% | 12.3% |
| 5/14/2025 | -1.0% | -2.4% | 83.0% |
| 3/24/2025 | -7.3% | -19.9% | -39.2% |
| 11/13/2024 | -11.3% | -18.3% | -2.3% |
| 8/12/2024 | -1.0% | 0.0% | -21.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 1 | 5 | 5 |
| # Negative | 10 | 6 | 6 |
| Median Positive | 16.1% | 2.5% | 18.9% |
| Median Negative | -3.4% | -19.1% | -19.4% |
| Max Positive | 16.1% | 6.1% | 83.0% |
| Max Negative | -35.9% | -27.9% | -65.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | -1.6% | -27.9% | 18.9% |
| 5/14/2026 | -9.9% | 2.5% | -17.0% |
| 11/14/2025 | -3.8% | -12.8% | 9.6% |
| 8/12/2025 | 16.1% | 6.1% | 12.3% |
| 5/14/2025 | -1.0% | -2.4% | 83.0% |
| 3/24/2025 | -7.3% | -19.9% | -39.2% |
| 11/13/2024 | -11.3% | -18.3% | -2.3% |
| 8/12/2024 | -1.0% | 0.0% | -21.8% |
| 5/14/2024 | -3.1% | 1.2% | -16.6% |
| 3/29/2024 | -35.9% | -27.6% | -65.6% |
| 11/13/2023 | -1.2% | 6.0% | 47.8% |
| SUMMARY STATS | |||
| # Positive | 1 | 5 | 5 |
| # Negative | 10 | 6 | 6 |
| Median Positive | 16.1% | 2.5% | 18.9% |
| Median Negative | -3.4% | -19.1% | -19.4% |
| Max Positive | 16.1% | 6.1% | 83.0% |
| Max Negative | -35.9% | -27.9% | -65.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/30/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/12/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/24/2025 | 10-K |
| 07/31/2023 | 03/29/2024 | 10-K |
| 12/31/2022 | 05/12/2023 | 424B3 |
| 09/30/2022 | 11/13/2023 | 10-Q |
| 06/30/2021 | 10/04/2021 | S-1/A |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/30/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/12/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/24/2025 | 10-K |
| 07/31/2023 | 03/29/2024 | 10-K |
| 12/31/2022 | 05/12/2023 | 424B3 |
| 09/30/2022 | 11/13/2023 | 10-Q |
| 06/30/2021 | 10/04/2021 | S-1/A |
Recent Forward Guidance
Updated 11/2/2026Latest: Q2 2026 Earnings Reported 8/12/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Cash Runway | Reported | |||||||
Prior: Q1 2026 Earnings Reported 5/14/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Operational Runway | Reported | |||||||
Insider Activity
Updated 8/21/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lynch, Timothy P | Direct | Buy | 8212026 | 0.21 | 1,150,000 | 243,455 | 1,376,050 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lynch, Timothy P | Direct | Buy | 8212026 | 0.21 | 1,150,000 | 243,455 | 1,376,050 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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