Aptevo Therapeutics (APVO)
Market Price (7/5/2026): $4.58 | Market Cap: $4.9 MilSector: Health Care | Industry: Biotechnology
Aptevo Therapeutics (APVO)
Market Price (7/5/2026): $4.58Market Cap: $4.9 MilSector: Health CareIndustry: Biotechnology
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -213% Megatrend and thematic driversMegatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more. | Weak multi-year price returns2Y Excs Rtn is -136%, 3Y Excs Rtn is -171% | 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 -27 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 -558% Key risksAPVO key risks include [1] a high probability of bankruptcy driven by significant operating losses and a limited cash runway, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -213% |
| Megatrend and thematic driversMegatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -136%, 3Y Excs Rtn is -171% |
| 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 -27 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 -558% |
| Key risksAPVO key risks include [1] a high probability of bankruptcy driven by significant operating losses and a limited cash runway, Show more. |
Qualitative Assessment
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Aptevo Therapeutics (APVO) stock has gained about 5% since 3/31/2026 because of the following key factors:
1. Positive clinical trial results for mipletamig in Acute Myeloid Leukemia (AML) significantly bolstered investor confidence. Aptevo Therapeutics reported an 87% clinical benefit rate and an 81% remission rate (CR/CRi) in 31 evaluable frontline AML patients treated with mipletamig in combination with venetoclax and azacitidine, substantially outperforming benchmarks. The RAINIER trial also demonstrated a favorable safety profile with no cytokine release syndrome (CRS) observed in frontline patients, and is on track for completion and Phase 2 dose selection by the end of fiscal year 2026.
2. Enhanced financial flexibility and an extended cash runway reassured investors about the company's operational stability. Aptevo secured a new $60 million Standby Equity Purchase Agreement (SEPA), which is expected to extend the company's capital access into fiscal year 2029. This financing mechanism, combined with holding $14.5 million in cash as of March 31, 2026 (the end of fiscal Q1 2026), provided a crucial lifeline for the clinical-stage biotechnology firm, which reported no revenue in fiscal Q1 2026.
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Aptevo Therapeutics (APVO) stock has gained about 5% since 3/31/2026 because of the following key factors:
1. Positive clinical trial results for mipletamig in Acute Myeloid Leukemia (AML) significantly bolstered investor confidence. Aptevo Therapeutics reported an 87% clinical benefit rate and an 81% remission rate (CR/CRi) in 31 evaluable frontline AML patients treated with mipletamig in combination with venetoclax and azacitidine, substantially outperforming benchmarks. The RAINIER trial also demonstrated a favorable safety profile with no cytokine release syndrome (CRS) observed in frontline patients, and is on track for completion and Phase 2 dose selection by the end of fiscal year 2026.
2. Enhanced financial flexibility and an extended cash runway reassured investors about the company's operational stability. Aptevo secured a new $60 million Standby Equity Purchase Agreement (SEPA), which is expected to extend the company's capital access into fiscal year 2029. This financing mechanism, combined with holding $14.5 million in cash as of March 31, 2026 (the end of fiscal Q1 2026), provided a crucial lifeline for the clinical-stage biotechnology firm, which reported no revenue in fiscal Q1 2026.
3. Strategic collaborations and non-dilutive grant funding diversified the pipeline and provided external validation. Aptevo launched a strategic collaboration with Niowave for radiopharmaceutical therapeutic development in late fiscal Q2 2026, which included a strategic equity investment from Niowave. Additionally, Aptevo received a $1.5 million non-dilutive research grant from the Andy Hill CARE Fund to support IND-enabling work for APVO451, a trispecific immunotherapy candidate for solid tumors, in fiscal Q2 2026.
4. A generally improved sentiment in the broader biotechnology sector provided a favorable market backdrop. The first half of fiscal year 2026 saw an acceleration in the biotechnology sector's upswing, characterized by an increase in mergers and acquisitions (M&A) activity and improving financing conditions. Layoffs in the biopharma industry eased in fiscal Q2 2026, and investment continued to be driven by biopharmaceutical advancements and AI-driven drug discovery, rather than speculative endeavors.
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Stock Movement Drivers
Fundamental Drivers
The 4.7% change in APVO stock from 3/31/2026 to 7/4/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312026 | 7042026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.27 | 4.47 | 4.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 1 | 1 | -5.9% |
| Cumulative Contribution | 0.0% |
Market Drivers
3/31/2026 to 7/4/2026| Return | Correlation | |
|---|---|---|
| APVO | 4.7% | |
| Market (SPY) | 14.5% | 18.1% |
| Sector (XLV) | 11.7% | -7.3% |
Fundamental Drivers
The -52.6% change in APVO stock from 12/31/2025 to 7/4/2026 was primarily driven by a -78.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 12312025 | 7042026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.43 | 4.47 | -52.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 0 | 1 | -78.8% |
| Cumulative Contribution | 0.0% |
Market Drivers
12/31/2025 to 7/4/2026| Return | Correlation | |
|---|---|---|
| APVO | -52.6% | |
| Market (SPY) | 9.5% | 22.5% |
| Sector (XLV) | 6.2% | 11.5% |
Fundamental Drivers
The -91.9% change in APVO stock from 6/30/2025 to 7/4/2026 was primarily driven by a -99.6% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 6302025 | 7042026 | Change |
|---|---|---|---|
| Stock Price ($) | 54.90 | 4.47 | -91.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 0 | 1 | -99.6% |
| Cumulative Contribution | 0.0% |
Market Drivers
6/30/2025 to 7/4/2026| Return | Correlation | |
|---|---|---|
| APVO | -91.9% | |
| Market (SPY) | 21.6% | 20.1% |
| Sector (XLV) | 23.1% | 10.0% |
Fundamental Drivers
The -100.0% change in APVO stock from 6/30/2023 to 7/4/2026 was primarily driven by a -100.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 6302023 | 7042026 | Change |
|---|---|---|---|
| Stock Price ($) | 855676.80 | 4.47 | -100.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 0 | 1 | -100.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
6/30/2023 to 7/4/2026| Return | Correlation | |
|---|---|---|
| APVO | -100.0% | |
| Market (SPY) | 74.0% | 7.2% |
| Sector (XLV) | 29.1% | 11.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| APVO Return | -79% | -71% | -92% | -99% | -99% | -53% | -100% |
| Peers Return | -14% | -22% | 18% | -9% | 7% | 36% | 5% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| APVO Win Rate | 0% | 33% | 0% | 42% | 17% | 57% | |
| Peers Win Rate | 40% | 47% | 50% | 53% | 47% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| APVO Max Drawdown | -84% | -76% | -93% | -99% | -99% | -60% | |
| Peers Max Drawdown | -43% | -50% | -35% | -46% | -47% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: XNCR, MGNX, ZYME, AMGN, REGN.
[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 7/2/2026 (YTD)
How Low Can It Go
| Event | APVO | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -54.7% | -33.7% |
| % Gain to Breakeven | 120.7% | 50.9% |
| Time to Breakeven | 38 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -32.1% | -3.7% |
| % Gain to Breakeven | 47.2% | 3.9% |
| Time to Breakeven | 209 days | 6 days |
In The Past
Aptevo Therapeutics's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
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| Event | APVO | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -54.7% | -33.7% |
| % Gain to Breakeven | 120.7% | 50.9% |
| Time to Breakeven | 38 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -32.1% | -3.7% |
| % Gain to Breakeven | 47.2% | 3.9% |
| Time to Breakeven | 209 days | 6 days |
In The Past
Aptevo Therapeutics's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% 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 Aptevo Therapeutics (APVO)
Aptevo Therapeutics Inc. (APVO) is a clinical-stage biotechnology company dedicated to developing innovative immunotherapeutic candidates for the treatment of various forms of cancer. The company leverages its proprietary bispecific antibody platforms, including ADAPTIR and ADAPTIR-FLEX, to create novel therapies designed to harness the body's immune system to fight cancer cells.
The company's lead clinical candidate is APVO436, a bispecific T-cell engaging antibody currently in Phase 1b clinical trials for acute myelogenous leukemia (AML) and myelodysplastic syndrome (MDS). Beyond APVO436, Aptevo has a robust preclinical pipeline featuring several bispecific candidates. These include ALG.APV-527, being developed in collaboration with Alligator Bioscience AB, which targets 4-1BB and 5T4 for various cancers; APVO603, a dual agonist bispecific antibody targeting 4-1BB and OX40; and APVO442, designed to enhance drug delivery to PSMA-positive tumors for prostate cancer.
Aptevo Therapeutics primarily serves the oncology market, focusing on developing treatments for patients suffering from challenging cancers such as acute myelogenous leukemia, myelodysplastic syndrome, and prostate cancer, as well as other solid tumors targeted by their preclinical programs. As a clinical-stage company, its ultimate goal is to bring these novel immunotherapies to patients, healthcare providers, and the broader pharmaceutical market globally.
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1. An early-stage Amgen, but singularly focused on developing innovative bispecific immunotherapies for cancer.
2. Like a startup Genentech (Roche), specializing in next-generation antibody-based immunotherapies for cancer.
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- APVO436: A bispecific T-cell engaging antibody candidate in Phase 1b clinical trial for acute myelogenous leukemia and myelodysplastic syndrome.
- ALG.APV-527: An investigational bispecific ADAPTIR candidate designed to target 4-1BB (CD137) and 5T4 for various types of cancers.
- APVO603: A dual agonist bispecific antibody preclinical candidate targeting 4-1BB and OX40.
- APVO442: A bispecific candidate utilizing ADAPTIR-FLEX platform technology to enhance drug biodistribution to PSMA positive tumors for prostate cancer treatment.
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Aptevo Therapeutics Inc. (APVO) is a clinical-stage biotechnology company focused on the development of immunotherapeutic candidates for various forms of cancer. As such, the company is primarily engaged in research and development, and conducting clinical trials for its drug candidates (e.g., APVO436, ALG.APV-527, APVO603, APVO442).
At this stage, Aptevo Therapeutics does not have commercialized products on the market and therefore does not have major customers (either other companies or individuals) in the traditional sense of selling goods or services.
The company does have a collaboration and option agreement with Alligator Bioscience AB for the development of ALG.APV-527, which represents a partnership for drug development rather than a customer relationship.
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- Lonza Group AG (LONN)
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Marvin L. White President and Chief Executive Officer
Marvin L. White currently serves as President and Chief Executive Officer of Aptevo Therapeutics and has been a Board Member since August 2016. Effective April 1, 2026, he will transition to the role of Executive Chair. Prior to Aptevo, he served as Chief Financial Officer of St. Vincent Health. Before that, Mr. White was Chief Financial Officer of LillyUSA, a subsidiary of Eli Lilly and Company, where he also held leadership positions in Corporate Finance and Investment Banking. Earlier in his career, he held leadership positions at General Motors, Hewlett-Packard, and Motorola, including financial roles in their Japan, South Asia, and Latin America Cellular Group. Mr. White is also a Director on the Board at OneAmerica Financial Partners, Delta Dental of Washington, and Emergent Biosolutions.
Daphne Taylor Senior Vice President and Chief Financial Officer
Daphne Taylor leads Finance, Investor Relations, and IT for Aptevo Therapeutics. She previously served as Aptevo's Senior Vice President of Finance, holding responsibility for strategic planning, budgeting, treasury activities, and financial reporting and compliance. Ms. Taylor brings over 25 years of financial experience from the life sciences and technology industries. Before joining Aptevo, she served as Chief Financial Officer at BioLife Solutions.
Jeff Lamothe Executive Vice President and Chief Operating Officer
Jeff Lamothe currently serves as Executive Vice President and Chief Operating Officer at Aptevo Therapeutics, where he leads the Clinical, Research & Development, Quality, Manufacturing, and Operations organizations. Effective April 1, 2026, Mr. Lamothe will be promoted to President and Chief Executive Officer and will join the company's Board of Directors. He previously served as Aptevo's Executive Vice President and Chief Financial Officer. Prior to Aptevo, he was Vice President of Finance in the Biosciences Division at Emergent BioSolutions. Mr. Lamothe assumed this role following Emergent's acquisition of Cangene Corporation in 2014, where he had been Chief Financial Officer. His extensive career, spanning over 25 years, includes experience in CEO, COO, and CFO roles across several industries, including serving as President and Chief Executive Officer of Kitchen Craft Cabinetry and Chief Financial Officer of Smith Carter Architects and Engineers Incorporated.
Dirk Huebner, M.D. Chief Medical Officer
Dr. Dirk Huebner serves as Chief Medical Officer, bringing approximately 29 years of academic and industry-based clinical drug development experience in the biotech and pharmaceutical industries. He has led multiple clinical programs across all stages of development, from Phase 1 through Phase 3 registration trials. Before joining Aptevo, Dr. Huebner served as CMO and Senior Medical Advisor for Mersana from November 2018 to January 2021, where he established their clinical development department. His previous roles include leadership positions in global clinical drug development at Takeda, Genzyme, Roche, and Bristol-Myers Squibb.
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- Financial Viability and Need for Additional Capital: Aptevo Therapeutics has a history of losses and a stated uncertainty about achieving profitability, which raises concerns about its ability to continue as a going concern. The company consistently requires additional capital to fund its operations and advance its clinical programs, and there is no guarantee it can raise these funds on acceptable terms. This is further highlighted by a reported high probability of financial distress and substantial shareholder dilution in the past year.
- Clinical Development and Regulatory Approval Risks: As a clinical-stage biotechnology company, Aptevo Therapeutics' future success is heavily dependent on the successful outcome of its ongoing clinical trials and its ability to obtain regulatory approvals for its product candidates. The process of advancing drugs through costly late-stage trials and securing regulatory authorization is complex, lengthy, and carries a high degree of uncertainty.
- Potential Nasdaq Delisting: The company faces the risk of potential delisting from the Nasdaq Capital Market if it fails to maintain compliance with listing requirements. Such a delisting would significantly and adversely affect the liquidity and market price of Aptevo's common stock, making it more challenging to raise capital and diminishing investor confidence.
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The addressable markets for Aptevo Therapeutics' main clinical-stage product candidates are as follows:
- APVO436 (Acute Myelogenous Leukemia - AML): The global acute myelogenous leukemia treatment market was estimated at USD 3.47 billion in 2024 and is projected to reach USD 6.29 billion by 2030. Another estimate places the global market at USD 2.1 billion in 2023, with a projection to reach USD 5.1 billion by 2032. The North American market held a 37.6% share of the global market in 2024, with the U.S. specifically accounting for 90.9% of the North American market.
- APVO436 (Myelodysplastic Syndrome - MDS): The global myelodysplastic syndrome drugs market was valued at USD 4.55 billion in 2024 and is anticipated to reach approximately USD 11.17 billion by 2034. Another source indicates the global market size was USD 2.8 billion in 2023, with an estimated growth to USD 5.5 billion by 2032. The U.S. myelodysplastic syndrome drugs market was estimated at nearly USD 2,000 million (USD 2 billion) in 2023 and accounted for 30% of the global market in 2024. North America dominated the global market with a revenue share of 36% in 2024.
- APVO442 (Prostate Cancer): The global prostate cancer therapeutics market was estimated at USD 17.0 billion in 2024 and is projected to reach USD 31.99 billion by 2030. Another report estimates the global market to grow from US$ 13.22 billion in 2024 to US$ 28.10 billion by 2033. The North American prostate cancer therapeutics market dominated the global market with a 40.8% revenue share in 2024, with the U.S. market being the largest within North America. The total Prostate Cancer Treatment Market Size in the 7MM (7 Major Markets) was nearly USD 12,300 million (USD 12.3 billion) in 2023, with the U.S. accounting for the largest share.
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Expected Drivers of Future Revenue Growth for Aptevo Therapeutics (APVO)
Over the next 2-3 years, Aptevo Therapeutics' future revenue growth is anticipated to be driven by the advancement of its clinical and preclinical pipeline, as well as strategic partnerships. As a clinical-stage biotechnology company, its revenue trajectory will primarily depend on achieving key developmental and regulatory milestones for its novel immunotherapeutic candidates.
- Advancement of Mipletamig (APVO436) in Acute Myeloid Leukemia (AML): Mipletamig, also known as APVO436, is Aptevo's lead clinical candidate, a bispecific T-cell engaging antibody. It is currently being evaluated in a Phase 1b/2 trial for frontline AML in combination with standard-of-care venetoclax and azacitidine. Positive interim data from earlier trials reported high remission rates (up to 89% in evaluable frontline AML patients across two trials) and no observed cytokine release syndrome, distinguishing it from other therapies in this space. Successful progression through these later-stage trials, potentially leading to accelerated regulatory pathways or significant licensing agreements, is a key driver for future revenue.
- Clinical Progress and Potential Partnerships for ALG.APV-527 in Solid Tumors: The investigational bispecific ADAPTIR candidate, ALG.APV-527, is being co-developed with Alligator Bioscience AB for the treatment of various solid tumor types. Preliminary data from its Phase 1 trial, reported in late 2024, indicated that the trial met endpoints for adequate exposure, safety, tolerability, and biological activity, with 56% to 60% of evaluable patients achieving stable disease. Further positive clinical development of ALG.APV-527 could lead to milestone payments from the existing collaboration or attract new partnerships, contributing to revenue growth.
- Expansion and Partnering of the Trispecific Pipeline (APVO451 and APVO452): Aptevo expanded its oncology pipeline in late 2025 with the introduction of new trispecific candidates, APVO452 and APVO451. APVO452 targets prostate cancer, while APVO451 is designed for multiple solid tumor types, both leveraging the company's proprietary ADAPTIR-FLEX platform. Although these are preclinical programs, their successful advancement and the potential for new licensing deals or collaborations based on this expanded pipeline could become significant revenue drivers in the mid to long term.
- Strategic Collaborations and Licensing of Proprietary ADAPTIR™ and ADAPTIR-FLEX™ Platform Technologies: Aptevo's core strength lies in its proprietary ADAPTIR™ and ADAPTIR-FLEX™ platform technologies, which enable the development of bispecific and trispecific antibodies. Future revenue growth can be generated through new strategic partnerships and licensing agreements where other pharmaceutical companies utilize Aptevo's platform to develop their own therapeutic candidates, providing upfront payments, research funding, and potential milestone payments and royalties on future sales.
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Share Issuance
- Aptevo Therapeutics raised $18.7 million net in Q3 2025 through its Standby Equity Purchase Agreement with Yorkville and an At-The-Market (ATM) agreement, with an additional $4.1 million net raised in October 2025.
- In the second quarter of 2025, the company raised approximately $15.9 million in gross proceeds from various equity offerings, including an $8 million registered direct offering.
- Aptevo executed two reverse stock splits, a 1-for-20 split in May 2025 and a 1-for-18 split in December 2025, primarily to maintain Nasdaq listing compliance.
Inbound Investments
- In January 2026, Aptevo secured a $60 million equity line of credit with Yorkville Advisors to fund ongoing clinical development, advance preclinical programs, and for general corporate purposes, extending its funding runway into 2029.
- The company raised $18.7 million net in Q3 2025 and an additional $4.1 million net in October 2025 through a Standby Equity Purchase Agreement and an At-The-Market offering.
- In Q2 2025, Aptevo raised approximately $15.9 million in gross proceeds from various equity offerings.
Capital Expenditures
- Aptevo Therapeutics invested $0 in capital expenditures in Q3 2024.
- The company's Net Property, Plant & Equipment balance ranged between approximately $3.96 million and $6.77 million from 2020 to Q3 2025.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Aptevo Therapeutics Earnings Notes | 12/16/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 20.66 |
| Mkt Cap | 1.5 |
| Rev LTM | 127 |
| Op Inc LTM | -45 |
| FCF LTM | -49 |
| FCF 3Y Avg | -51 |
| CFO LTM | -48 |
| CFO 3Y Avg | -50 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.0% |
| Rev Chg 3Y Avg | 8.6% |
| Rev Chg Q | 5.8% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Inc Chg LTM | -4.1% |
| Op Inc Chg 3Y Avg | -5.7% |
| Op Mgn LTM | -40.5% |
| Op Mgn 3Y Avg | -140.9% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | -44.5% |
| CFO/Rev 3Y Avg | -106.0% |
| FCF/Rev LTM | -45.6% |
| FCF/Rev 3Y Avg | -110.8% |
Segment Financials
Revenue by Segment| $ Mil | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Discovery and development of novel oncology therapeutics | 0 | 3 | 12 | 4 | 0 |
| Total | 0 | 3 | 12 | 4 | 0 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Discovery and development of novel oncology therapeutics | -26 | -24 |
| Total | -26 | -24 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|---|
| Discovery and development of novel oncology therapeutics | 16 | 25 | 34 | 57 | 53 |
| Total | 16 | 25 | 34 | 57 | 53 |
Price Behavior
| Market Price | $4.47 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 07/20/2016 | |
| Distance from 52W High | -92.3% | |
| 50 Days | 200 Days | |
| DMA Price | $4.82 | $12.83 |
| DMA Trend | down | up |
| Distance from DMA | -7.3% | -65.2% |
| 3M | 1YR | |
| Volatility | 58.9% | 96.6% |
| Downside Capture | 117.50 | 385.63 |
| Upside Capture | 88.09 | 3.70 |
| Correlation (SPY) | 19.2% | 19.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.72 | 0.39 | 1.06 | 1.27 | 1.54 | 0.71 |
| Up Beta | 0.03 | -1.37 | 0.79 | 1.62 | 1.58 | 0.34 |
| Down Beta | 2.19 | 1.81 | 1.46 | -0.25 | 0.65 | 0.69 |
| Up Capture | -18% | -1% | 93% | 60% | 4% | -7% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 7 | 14 | 26 | 53 | 94 | 287 |
| Down Capture | 89% | 71% | 122% | 212% | 193% | 113% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 13 | 26 | 35 | 70 | 153 | 447 |
[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 APVO | |
|---|---|---|---|---|
| APVO | -91.7% | 96.2% | -2.12 | - |
| Sector ETF (XLV) | 21.4% | 15.6% | 1.05 | 10.2% |
| Equity (SPY) | 21.7% | 12.5% | 1.29 | 20.1% |
| Gold (GLD) | 23.1% | 27.7% | 0.73 | -6.7% |
| Commodities (DBC) | 21.3% | 18.6% | 0.90 | -3.6% |
| Real Estate (VNQ) | 13.6% | 13.8% | 0.68 | 3.3% |
| Bitcoin (BTCUSD) | -42.0% | 42.7% | -1.15 | 16.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APVO | |
|---|---|---|---|---|
| APVO | -95.0% | 148.1% | -1.38 | - |
| Sector ETF (XLV) | 7.2% | 14.9% | 0.30 | 12.2% |
| Equity (SPY) | 13.3% | 17.1% | 0.60 | 11.4% |
| Gold (GLD) | 17.9% | 18.3% | 0.79 | -0.4% |
| Commodities (DBC) | 6.9% | 19.5% | 0.25 | 5.6% |
| Real Estate (VNQ) | 3.1% | 18.9% | 0.06 | 10.8% |
| Bitcoin (BTCUSD) | 12.2% | 53.8% | 0.41 | 8.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APVO | |
|---|---|---|---|---|
| APVO | -80.8% | 127.9% | -0.74 | - |
| Sector ETF (XLV) | 10.6% | 16.6% | 0.52 | 13.8% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 14.5% |
| Gold (GLD) | 12.1% | 16.1% | 0.61 | -0.4% |
| Commodities (DBC) | 5.7% | 18.0% | 0.25 | 7.8% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 11.6% |
| Bitcoin (BTCUSD) | 59.0% | 66.2% | 0.99 | 8.1% |
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Earnings Returns History
Updated 6/16/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/13/2026 | 0.7% | -4.3% | 0.4% |
| 3/26/2026 | -5.3% | -7.5% | 9.1% |
| 11/6/2025 | 0.0% | -1.4% | -15.6% |
| 8/11/2025 | -4.9% | -11.5% | -32.3% |
| 5/15/2025 | -3.0% | -9.1% | -44.5% |
| 2/14/2025 | -8.2% | -4.7% | -27.5% |
| 11/7/2024 | 19.8% | -5.9% | 1.6% |
| 8/8/2024 | 0.5% | -0.1% | -20.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 6 | 8 |
| # Negative | 11 | 15 | 13 |
| Median Positive | 5.1% | 12.6% | 3.1% |
| Median Negative | -5.3% | -7.5% | -20.7% |
| Max Positive | 32.8% | 22.5% | 25.4% |
| Max Negative | -11.6% | -36.5% | -44.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/13/2026 | 0.7% | -4.3% | 0.4% |
| 3/26/2026 | -5.3% | -7.5% | 9.1% |
| 11/6/2025 | 0.0% | -1.4% | -15.6% |
| 8/11/2025 | -4.9% | -11.5% | -32.3% |
| 5/15/2025 | -3.0% | -9.1% | -44.5% |
| 2/14/2025 | -8.2% | -4.7% | -27.5% |
| 11/7/2024 | 19.8% | -5.9% | 1.6% |
| 8/8/2024 | 0.5% | -0.1% | -20.7% |
| 5/8/2024 | -11.6% | -28.6% | -26.9% |
| 3/5/2024 | -8.6% | -29.3% | -39.0% |
| 11/14/2023 | 6.8% | 13.0% | -2.1% |
| 8/10/2023 | -9.7% | -18.2% | -18.0% |
| 5/11/2023 | -2.3% | -2.9% | -9.8% |
| 11/10/2022 | 2.5% | 12.3% | 25.4% |
| 8/11/2022 | -1.8% | -13.6% | -14.6% |
| 5/12/2022 | 11.3% | 22.5% | 4.2% |
| 3/24/2022 | 32.8% | 16.0% | -10.7% |
| 11/12/2021 | -8.7% | -36.5% | -36.2% |
| 8/12/2021 | 3.5% | 5.2% | 1.9% |
| 5/11/2021 | -1.1% | 4.9% | 20.5% |
| 11/10/2020 | 9.1% | -6.2% | 0.4% |
| SUMMARY STATS | |||
| # Positive | 10 | 6 | 8 |
| # Negative | 11 | 15 | 13 |
| Median Positive | 5.1% | 12.6% | 3.1% |
| Median Negative | -5.3% | -7.5% | -20.7% |
| Max Positive | 32.8% | 22.5% | 25.4% |
| Max Negative | -11.6% | -36.5% | -44.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/13/2026 | 10-Q |
| 12/31/2025 | 03/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/05/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/30/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/13/2026 | 10-Q |
| 12/31/2025 | 03/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/05/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/30/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 03/24/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 08/12/2021 | 10-Q |
| 03/31/2021 | 05/11/2021 | 10-Q |
| 12/31/2020 | 03/31/2021 | 10-K |
| 09/30/2020 | 11/10/2020 | 10-Q |
| 06/30/2020 | 08/14/2020 | 10-Q |
| 03/31/2020 | 05/13/2020 | 10-Q |
| 12/31/2019 | 03/25/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
| 06/30/2019 | 08/09/2019 | 10-Q |
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Grant, Grady Iii | Direct | Buy | 11122025 | 1.49 | 13,513 | 20,134 | 20,136 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Grant, Grady Iii | Direct | Buy | 11122025 | 1.49 | 13,513 | 20,134 | 20,136 | 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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