BridgeBio Pharma (BBIO)
Market Price (4/14/2026): $76.36 | Market Cap: $14.8 BilSector: Health Care | Industry: Biotechnology
BridgeBio Pharma (BBIO)
Market Price (4/14/2026): $76.36Market Cap: $14.8 BilSector: Health CareIndustry: Biotechnology
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 126% Low stock price volatilityVol 12M is 47% Megatrend and thematic driversMegatrends include Precision Medicine, and Biotechnology & Genomics. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more. | Trading close to highsDist 52W High is -2.6%, Dist 3Y High is -2.6% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 14.73, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -502 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -100% Stock price has recently run up significantly12M Rtn12 month market price return is 130% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 26% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -89%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -91% 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 -8.7% Key risksBBIO key risks include [1] substantial doubt about its ability to continue as a going concern due to recurring losses and high debt, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 126% |
| Low stock price volatilityVol 12M is 47% |
| Megatrend and thematic driversMegatrends include Precision Medicine, and Biotechnology & Genomics. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more. |
| Trading close to highsDist 52W High is -2.6%, Dist 3Y High is -2.6% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 14.73, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -502 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -100% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 130% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 26% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -89%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -91% |
| 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 -8.7% |
| Key risksBBIO key risks include [1] substantial doubt about its ability to continue as a going concern due to recurring losses and high debt, Show more. |
Qualitative Assessment
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BridgeBio Pharma (BBIO) stock has remained largely at the same level since 12/31/2025 because of the following key factors:
1. BridgeBio Pharma reported a larger-than-expected net loss per share in its Fourth Quarter and Full Year 2025 earnings.
While the company announced robust commercial momentum for Atruby, with net product revenue growing 35% quarter-over-quarter to $146 million in Q4 2025, it reported a net loss per share of $1.00 for the quarter, missing analyst estimates of a -$0.75 loss per share. The full-year 2025 net loss attributable to common stockholders was $724.9 million.
2. Significant insider selling activity by the CEO was observed during the period.
BridgeBio Pharma's CEO, Neil Kumar, conducted multiple stock sales since January 2026, totaling approximately 148,053 shares and raising roughly $10.6 million across these transactions. A notable transaction included the sale of 40,000 shares on March 12, 2026, for $2.75 million. These substantial insider sales could have been interpreted by the market as a negative signal despite other positive company developments.
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1. BridgeBio Pharma reported a larger-than-expected net loss per share in its Fourth Quarter and Full Year 2025 earnings.
While the company announced robust commercial momentum for Atruby, with net product revenue growing 35% quarter-over-quarter to $146 million in Q4 2025, it reported a net loss per share of $1.00 for the quarter, missing analyst estimates of a -$0.75 loss per share. The full-year 2025 net loss attributable to common stockholders was $724.9 million.
2. Significant insider selling activity by the CEO was observed during the period.
BridgeBio Pharma's CEO, Neil Kumar, conducted multiple stock sales since January 2026, totaling approximately 148,053 shares and raising roughly $10.6 million across these transactions. A notable transaction included the sale of 40,000 shares on March 12, 2026, for $2.75 million. These substantial insider sales could have been interpreted by the market as a negative signal despite other positive company developments.
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Stock Movement Drivers
Fundamental Drivers
The 1.8% change in BBIO stock from 12/31/2025 to 4/13/2026 was primarily driven by a 41.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312025 | 4132026 | Change |
|---|---|---|---|
| Stock Price ($) | 76.49 | 77.87 | 1.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 354 | 502 | 41.9% |
| P/S Multiple | 41.5 | 30.0 | -27.6% |
| Shares Outstanding (Mil) | 192 | 194 | -0.9% |
| Cumulative Contribution | 1.8% |
Market Drivers
12/31/2025 to 4/13/2026| Return | Correlation | |
|---|---|---|
| BBIO | 1.8% | |
| Market (SPY) | -5.4% | 27.4% |
| Sector (XLV) | -4.4% | 28.7% |
Fundamental Drivers
The 49.9% change in BBIO stock from 9/30/2025 to 4/13/2026 was primarily driven by a 112.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 4132026 | Change |
|---|---|---|---|
| Stock Price ($) | 51.94 | 77.87 | 49.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 236 | 502 | 112.9% |
| P/S Multiple | 42.0 | 30.0 | -28.5% |
| Shares Outstanding (Mil) | 191 | 194 | -1.6% |
| Cumulative Contribution | 49.9% |
Market Drivers
9/30/2025 to 4/13/2026| Return | Correlation | |
|---|---|---|
| BBIO | 49.9% | |
| Market (SPY) | -2.9% | 34.5% |
| Sector (XLV) | 6.8% | 25.5% |
Fundamental Drivers
The 125.3% change in BBIO stock from 3/31/2025 to 4/13/2026 was primarily driven by a 126.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312025 | 4132026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.57 | 77.87 | 125.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 222 | 502 | 126.3% |
| P/S Multiple | 29.5 | 30.0 | 1.7% |
| Shares Outstanding (Mil) | 189 | 194 | -2.1% |
| Cumulative Contribution | 125.3% |
Market Drivers
3/31/2025 to 4/13/2026| Return | Correlation | |
|---|---|---|
| BBIO | 125.3% | |
| Market (SPY) | 16.3% | 38.4% |
| Sector (XLV) | 2.7% | 37.2% |
Fundamental Drivers
The 369.7% change in BBIO stock from 3/31/2023 to 4/13/2026 was primarily driven by a 546.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312023 | 4132026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.58 | 77.87 | 369.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 78 | 502 | 546.6% |
| P/S Multiple | 31.9 | 30.0 | -5.9% |
| Shares Outstanding (Mil) | 149 | 194 | -22.8% |
| Cumulative Contribution | 369.7% |
Market Drivers
3/31/2023 to 4/13/2026| Return | Correlation | |
|---|---|---|
| BBIO | 369.7% | |
| Market (SPY) | 63.3% | 27.4% |
| Sector (XLV) | 19.7% | 22.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BBIO Return | -77% | -54% | 430% | -32% | 179% | -2% | 5% |
| Peers Return | -14% | 31% | 5% | -3% | 23% | -8% | 31% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 81% |
Monthly Win Rates [3] | |||||||
| BBIO Win Rate | 33% | 33% | 58% | 42% | 83% | 75% | |
| Peers Win Rate | 45% | 67% | 52% | 42% | 58% | 30% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BBIO Max Drawdown | -84% | -69% | -6% | -45% | 0% | -17% | |
| Peers Max Drawdown | -32% | -16% | -25% | -20% | -31% | -15% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ALNY, BMRN, IONS, VRTX, SRPT. See BBIO Returns vs. Peers.
[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 4/13/2026 (YTD)
How Low Can It Go
| Event | BBIO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -92.8% | -25.4% |
| % Gain to Breakeven | 1288.7% | 34.1% |
| Time to Breakeven | 1,302 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -55.5% | -33.9% |
| % Gain to Breakeven | 124.9% | 51.3% |
| Time to Breakeven | 180 days | 148 days |
Compare to ALNY, BMRN, IONS, VRTX, SRPT
In The Past
BridgeBio Pharma's stock fell -92.8% during the 2022 Inflation Shock from a high on 2/8/2021. A -92.8% loss requires a 1288.7% gain to breakeven.
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About BridgeBio Pharma (BBIO)
BridgeBio Pharma, Inc. engages in the discovery, development, and delivery of various medicines for genetic diseases. The company has a pipeline of 30 development programs that include product candidates ranging from early discovery to late-stage development. Its products in development programs include AG10 and BBP-265, a small molecule stabilizer of transthyretin, or TTR that is in Phase 3 clinical trial for the treatment of TTR amyloidosis-cardiomyopathy, or ATTR-CM; BBP-831, a small molecule selective FGFR1-3 inhibitor, which is Phase 2 clinical trial to treat achondroplasia in pediatric patients; and BBP-631, an AAV5 gene transfer product candidate that is in Phase 2 clinical trial for the treatment of congenital adrenal hyperplasia, or CAH, driven by 21-hydroxylase deficiency, or 21OHD. The company also develops Encaleret, a small molecule antagonist of the calcium sensing receptor, or CaSR, which is in phase 2 proof-of-concept clinical trial for Autosomal Dominant Hypocalcemia Type 1, or ADH1; and BBP-711 for the treatment of hyperoxaluria, as well as patients suffering from recurrent kidney stones. In addition, it engages in developing products for Mendelian, oncology, and gene therapy diseases. BridgeBio Pharma, Inc. has license and collaboration agreements with the Leland Stanford Junior University; and The Regents of the University of California; Leidos Biomedical Research, Inc. The company was founded in 2015 and is headquartered in Palo Alto, California.
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1. BioMarin Pharmaceutical for a much broader range of rare genetic diseases.
2. Vertex Pharmaceuticals, focused on developing treatments for a diverse portfolio of genetic diseases.
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- AG10 and BBP-265: These are small molecule stabilizers for transthyretin (TTR) amyloidosis-cardiomyopathy (ATTR-CM).
- BBP-831: This is a small molecule FGFR1-3 inhibitor designed to treat achondroplasia in pediatric patients.
- BBP-631: This is an AAV5 gene transfer product candidate for congenital adrenal hyperplasia (CAH) caused by 21-hydroxylase deficiency.
- Encaleret: This is a small molecule antagonist of the calcium sensing receptor (CaSR) for Autosomal Dominant Hypocalcemia Type 1 (ADH1).
- BBP-711: This product is developed to treat hyperoxaluria and prevent recurrent kidney stones.
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BridgeBio Pharma, Inc. (BBIO) is a biopharmaceutical company focused on the discovery, development, and delivery of medicines for genetic diseases. As such, the company primarily sells its approved pharmaceutical products to other companies within the healthcare supply chain, rather than directly to individual patients.
The provided company description focuses on BridgeBio's extensive research and development pipeline, with many product candidates currently in clinical trials (Phase 2 and Phase 3). Therefore, specific major commercial customers for BridgeBio Pharma are not explicitly named in the background information.
However, upon commercialization of its medicines, BridgeBio's major customers would typically be:
- Pharmaceutical Wholesalers and Distributors: These companies purchase medicines in large volumes from manufacturers and distribute them to pharmacies, hospitals, and other healthcare providers nationwide. Major public companies in this sector include:
- Large Hospital Systems and Group Purchasing Organizations (GPOs): These entities purchase medicines directly for use within their networks of hospitals and clinics.
- Retail Pharmacy Chains and Pharmacy Benefit Managers (PBMs): Companies that manage prescription drug benefits and/or directly dispense medicines to patients. Examples of large public companies with significant presence in this area include:
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- Leidos Biomedical Research, Inc. (Symbol: LDOS)
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BridgeBio Pharma Inc. (BBIO) has a management team focused on discovering, developing, and delivering medicines for genetic diseases. The key members, including the CEO and CFO, bring a range of experience in the biotechnology and pharmaceutical sectors. Here are some of the management team members: **Neil Kumar, PhD** Chief Executive Officer and Founder Neil Kumar co-founded BridgeBio Pharma in 2015 and has served as its Chief Executive Officer and a director since April 2015. He also served as the Chief Executive Officer of Eidos Therapeutics, Inc., a clinical-stage biopharmaceutical company and a subsidiary of BridgeBio. Before founding BridgeBio, Dr. Kumar was a Principal at Third Rock Ventures, a venture capital firm, where he supported and managed portfolio companies and focused on new company formation and due diligence. During his time at Third Rock, he also served as the interim Vice President of Business Development and Operations for MyoKardia, Inc., a company later acquired by Bristol Myers Squibb. Prior to Third Rock, Dr. Kumar was an Associate Principal at McKinsey & Company, where he developed strategies for pharmaceutical and medical device companies. He holds BS and MS degrees in Chemical Engineering from Stanford University and a PhD in Chemical Engineering from the Massachusetts Institute of Technology. **Thomas Trimarchi, PhD** President and Chief Financial Officer Dr. Thomas Trimarchi was appointed President and Chief Financial Officer (CFO) of BridgeBio Pharma on March 17, 2025. He previously served as the Principal Financial Officer and continues to lead the company's FP&A (Financial Planning & Analysis) and accounting operations. Dr. Trimarchi joined BridgeBio in 2018 as Chief Product Officer. **Charles Homcy, MD** Chairman of Pharmaceuticals Dr. Charles Homcy has served as a member of BridgeBio's Board of Directors since November 2018 and as Chairman of Pharmaceuticals since February 2019. He has also held the role of Lead Director since February 2020. In 2010, Dr. Homcy joined Third Rock Ventures, a venture capital firm, where he currently serves on the Scientific Advisory Board. **Uma Sinha, PhD** Chief Scientific Officer Uma Sinha is listed as the Chief Scientific Officer of BridgeBio Pharma, Inc. **Richard Scheller, PhD** Chairman of Research and Development Dr. Richard Scheller is listed as the Chairman of Research and Development at BridgeBio Pharma, Inc. He also serves as a Director.AI Analysis | Feedback
BridgeBio Pharma (BBIO) faces several key risks inherent to the biopharmaceutical industry, particularly given its stage of development and commercialization efforts.Key Risks to BridgeBio Pharma (BBIO)
- High Cash Burn and Path to Profitability: BridgeBio Pharma continues to operate at a significant loss due to substantial research and development (R&D) and commercial launch costs. For example, in the third quarter of 2025, the company reported an operating loss of -$145.2 million against total revenue of $120.7 million. Analysts project a full-year 2025 net loss of approximately -$797.118 million. While the company is transitioning from a pure R&D entity to a commercial-stage enterprise with revenue from products like Attruby, it must quickly scale revenue to offset its high fixed costs and achieve profitability. The company's financial strength has been rated as poor, with concerns about debt levels and potential financial distress.
- Clinical Trial and Regulatory Success: The company's valuation is heavily dependent on the successful development and regulatory approval of its extensive pipeline of drug candidates. Any setbacks, delays, or negative results from late-stage clinical trials, such as those for encaleret, BBP-418, or infigratinib, could significantly impact the company's stock price and future prospects. The process of obtaining regulatory approval is fraught with uncertainties, posing a substantial risk to BridgeBio's business.
- Product Concentration and Intense Market Competition: BridgeBio Pharma currently exhibits a high concentration risk, with its initial commercial success largely driven by one drug, Attruby (acoramidis). Although Attruby has shown strong initial sales, it faces significant competition from established treatments like Pfizer's tafamidis (Vyndaqel/Vyndamax) and emerging RNA interference (RNAi) therapies. This competitive landscape could lead to slower market uptake, pricing pressures, or increased marketing expenditures. Similarly, other pipeline candidates, such as infigratinib for achondroplasia, will compete with existing approved therapies. The company needs its other late-stage assets to successfully launch and diversify its revenue streams to mitigate this concentration risk.
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BridgeBio Pharma (BBIO) develops medicines for various genetic diseases, addressing several significant addressable markets:
- AG10 and BBP-265 (for Transthyretin Amyloidosis Cardiomyopathy, or ATTR-CM): The global transthyretin amyloidosis treatment market size was valued at USD 6.94 billion in 2024 and is projected to reach USD 20.35 billion by 2033, growing at a CAGR of 11.60% from 2025-2033. North America alone holds over 46.3% of this market in 2024. More specifically, the Transthyretin Amyloid Cardiomyopathy (ATTR-CM) treatment market was estimated at USD 2.91 billion in 2025 and is expected to exhibit a CAGR of 31.1% to reach USD 19.37 billion by 2032.
- BBP-831 (for Achondroplasia): The global achondroplasia market was valued at approximately USD 157.75 million in 2024 and is projected to reach nearly USD 366.85 million by 2033, with a compound annual growth rate (CAGR) of around 9.9% during the forecast period. Other estimates for the global achondroplasia treatment market indicate it was valued at USD 235.92 million in 2024, expected to reach USD 3,856 million by 2033, growing at a CAGR of 36.40%.
- BBP-631 (for Congenital Adrenal Hyperplasia, or CAH, driven by 21-hydroxylase deficiency, or 21OHD): The global classic congenital adrenal hyperplasia market was valued at USD 284.31 million in 2024 and is expected to reach USD 563.19 million by 2032, growing at a CAGR of 8.92%. Another report estimates the global congenital adrenal hyperplasia treatment market to grow from USD 472 million in 2024 to USD 703 million by 2030, with a CAGR of 6.8%. The U.S. congenital adrenal hyperplasia treatment market is estimated at USD 188.8 million in 2024.
- Encaleret (for Autosomal Dominant Hypocalcemia Type 1, or ADH1): Autosomal Dominant Hypocalcemia Type 1 (ADH1) is a rare genetic form of hypoparathyroidism. The total hypoparathyroidism market size in the 7MM (United States, EU4 countries, United Kingdom, and Japan) was estimated to be approximately USD 370 million in 2023. The United States market alone accounted for approximately USD 200 million in 2023.
- BBP-711 (for Hyperoxaluria and Recurrent Kidney Stones):
- Hyperoxaluria: The global hyperoxaluria drug market size was valued at USD 19.43 million in 2024 and is expected to reach USD 32.40 million by 2032. For primary hyperoxaluria specifically, the global market reached US$ 168.96 million in 2023 and is expected to reach US$ 365.49 million by 2031. The global secondary hyperoxaluria drug market size was valued at USD 152.4 million in 2024 and is expected to reach USD 256.61 million by 2032.
- Recurrent Kidney Stones: The global kidney stone management market was valued at USD 2.57 billion in 2024 and is expected to reach USD 3.84 billion by 2032, growing at a CAGR of 5.14%. In the United States, the kidney stone management market was valued at USD 0.75 billion in 2024 and is expected to reach USD 1.11 billion by 2032.
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Here are the 3-5 expected drivers of future revenue growth for BridgeBio Pharma (BBIO) over the next 2-3 years:
- Continued Commercial Growth of Attruby (acoramidis): Attruby (acoramidis) for transthyretin amyloidosis with cardiomyopathy (ATTR-CM) is expected to be a significant revenue driver. BridgeBio reported strong commercial momentum for Attruby, with rising patient prescriptions and increasing market share in the U.S. The company also anticipates meaningful royalty revenue from its partner Bayer's European rollout of acoramidis.
- Launch of Infigratinib for Achondroplasia: BridgeBio has reported positive Phase 3 results for infigratinib in children with achondroplasia. The company plans to submit a New Drug Application (NDA) in the U.S. in the second half of 2026, with a potential launch targeted for the first half of 2027. Analysts project infigratinib could generate approximately $2 billion in peak sales.
- Launch of BBP-418 for LGMD2I/R9: Positive top-line Phase 3 results for BBP-418 in limb-girdle muscular dystrophy type 2I/R9 (LGMD2I/R9) have been a key highlight. BridgeBio intends to submit an NDA to the FDA in the first half of 2026, with a U.S. launch anticipated in late 2026 to early 2027. This program is seen as a potential leader in its market, with analysts modeling approximately $1 billion in peak sales.
- Launch of Encaleret for Autosomal Dominant Hypocalcemia Type 1 (ADH1): Encaleret, a small molecule antagonist of the calcium sensing receptor, has demonstrated positive top-line Phase 3 results for Autosomal Dominant Hypocalcemia Type 1 (ADH1). BridgeBio anticipates launching encaleret in late 2026 or early 2027, with an estimated 3,000–4,000 identifiable patients in this market, and analysts modeling around $1 billion in peak sales.
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Share Repurchases
- BridgeBio Pharma authorized a share repurchase program of up to $150 million in May 2021.
- In November 2021, the company repurchased $148.4 million in common stock under its 2021 Share Repurchase Program and an additional $50.0 million in conjunction with the issuance of 2029 convertible notes.
- The company repurchased 1,081,825 shares of its common stock for approximately $82.5 million in privately negotiated transactions in January 2026.
Share Issuance
- In March 2024, BridgeBio Pharma commenced an underwritten public offering of $250 million of shares of its common stock, with an option for underwriters to purchase up to an additional $37.5 million. This offering was priced on March 5, 2024, expecting gross proceeds of approximately $250.0 million.
Inbound Investments
- In August 2024, BridgeBio Pharma formed a joint venture, GondolaBio, with a consortium of investors contributing $300 million in financing. BridgeBio's initial ownership stake in GondolaBio is approximately 45%.
- BridgeBio Pharma issued $632.5 million aggregate principal amount of 0.75% Convertible Senior Notes due 2033 in a private offering in January 2026, generating approximately $619.3 million in net proceeds.
Outbound Investments
- In January 2021, BridgeBio Pharma completed the acquisition of all outstanding shares of Eidos Therapeutics, Inc. that it did not already own. Former Eidos stockholders received either 1.85 shares of BridgeBio common stock or $73.26 in cash for each share.
- BridgeBio Pharma contributed certain early-stage clinical and pre-clinical programs to the GondolaBio joint venture, which was formed in August 2024.
Capital Expenditures
- Capital expenditures for BridgeBio Pharma were $13 million in 2021.
- In 2023, the company reported capital expenditures of $1.31 million.
- BridgeBio Pharma's capital expenditures were $1.10 million in 2025.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | PGNY | Progyny | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 03272026 | CNC | Centene | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 2.3% | 2.3% | -0.6% |
| 03272026 | OSCR | Oscar Health | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 3.0% | 3.0% | -2.6% |
| 03202026 | WAT | Waters | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.4% | -0.4% | -3.3% |
| 03202026 | GILD | Gilead Sciences | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 1.6% | 1.6% | -2.2% |
| 12312021 | BBIO | BridgeBio Pharma | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | -40.5% | -54.3% | -68.8% |
| 02282021 | BBIO | BridgeBio Pharma | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | -28.6% | -89.0% | -89.6% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 76.41 |
| Mkt Cap | 13.6 |
| Rev LTM | 2,710 |
| Op Inc LTM | 14 |
| FCF LTM | 75 |
| FCF 3Y Avg | -125 |
| CFO LTM | 159 |
| CFO 3Y Avg | -49 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 24.7% |
| Rev Chg 3Y Avg | 26.5% |
| Rev Chg Q | 13.3% |
| QoQ Delta Rev Chg LTM | 3.2% |
| Op Mgn LTM | -8.6% |
| Op Mgn 3Y Avg | -8.3% |
| QoQ Delta Op Mgn LTM | -1.0% |
| CFO/Rev LTM | 2.4% |
| CFO/Rev 3Y Avg | -6.8% |
| FCF/Rev LTM | -0.9% |
| FCF/Rev 3Y Avg | -11.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 13.6 |
| P/S | 10.6 |
| P/EBIT | 9.0 |
| P/E | 12.5 |
| P/CFO | 0.8 |
| Total Yield | -1.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -2.7% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.8% |
| 3M Rtn | -4.7% |
| 6M Rtn | 5.4% |
| 12M Rtn | 18.3% |
| 3Y Rtn | 47.6% |
| 1M Excs Rtn | 1.1% |
| 3M Excs Rtn | -5.6% |
| 6M Excs Rtn | 1.7% |
| 12M Excs Rtn | -11.6% |
| 3Y Excs Rtn | -17.1% |
FDA Approved Drugs Data
Expand for More| Post-Approval Fwd Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FDA App # | Brand Name | Generic Name | Dosage Form | FDA Approval | 3M Rtn | 6M Rtn | 1Y Rtn | 2Y Rtn | Total Rtn |
| NDA216540 | ATTRUBY | acoramidis hydrochloride | tablet | 11222024 | 57.3% | 42.4% | 190.8% | 232.5% | 232.5% |
Price Behavior
Price Behavior
| Market Price | $77.87 | |
| Market Cap ($ Bil) | 15.1 | |
| First Trading Date | 06/27/2019 | |
| Distance from 52W High | -2.6% | |
| 50 Days | 200 Days | |
| DMA Price | $71.05 | $62.36 |
| DMA Trend | up | down |
| Distance from DMA | 9.6% | 24.9% |
| 3M | 1YR | |
| Volatility | 58.1% | 46.9% |
| Downside Capture | 0.32 | 0.44 |
| Upside Capture | 106.35 | 166.39 |
| Correlation (SPY) | 27.8% | 30.8% |
BBIO Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.49 | 1.64 | 1.21 | 1.42 | 0.98 | 1.27 |
| Up Beta | 2.66 | 2.98 | 2.85 | 2.78 | 0.93 | 0.83 |
| Down Beta | 2.51 | 1.74 | 1.25 | 0.61 | 0.73 | 1.08 |
| Up Capture | 231% | 152% | 95% | 247% | 206% | 835% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 9 | 18 | 29 | 63 | 132 | 375 |
| Down Capture | 13% | 131% | 87% | 102% | 94% | 109% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 13 | 24 | 33 | 62 | 118 | 371 |
[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 BBIO | |
|---|---|---|---|---|
| BBIO | 134.0% | 47.1% | 1.96 | - |
| Sector ETF (XLV) | 8.1% | 16.3% | 0.30 | 29.7% |
| Equity (SPY) | 18.7% | 13.7% | 1.06 | 31.2% |
| Gold (GLD) | 53.7% | 27.6% | 1.55 | 4.1% |
| Commodities (DBC) | 25.2% | 16.2% | 1.37 | -8.1% |
| Real Estate (VNQ) | 14.8% | 14.0% | 0.76 | 19.5% |
| Bitcoin (BTCUSD) | -11.7% | 43.0% | -0.17 | 26.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BBIO | |
|---|---|---|---|---|
| BBIO | 5.8% | 86.0% | 0.49 | - |
| Sector ETF (XLV) | 6.5% | 14.6% | 0.26 | 21.3% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 30.2% |
| Gold (GLD) | 21.8% | 17.8% | 1.01 | 4.2% |
| Commodities (DBC) | 11.7% | 18.8% | 0.51 | -1.0% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 27.1% |
| Bitcoin (BTCUSD) | 4.6% | 56.6% | 0.30 | 15.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BBIO | |
|---|---|---|---|---|
| BBIO | 10.8% | 84.6% | 0.59 | - |
| Sector ETF (XLV) | 9.7% | 16.5% | 0.48 | 24.3% |
| Equity (SPY) | 13.9% | 17.9% | 0.67 | 31.7% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | 3.1% |
| Commodities (DBC) | 8.8% | 17.6% | 0.42 | 4.2% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.22 | 28.7% |
| Bitcoin (BTCUSD) | 67.5% | 66.9% | 1.07 | 17.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/12/2026 | 3.0% | 0.5% | -4.6% |
| 10/29/2025 | -4.9% | -5.9% | 7.7% |
| 8/5/2025 | -8.9% | -0.2% | 5.3% |
| 2/20/2025 | 1.4% | -7.8% | -6.6% |
| 11/12/2024 | -5.7% | -14.4% | 10.9% |
| 8/1/2024 | 0.9% | -7.8% | -5.1% |
| 5/2/2024 | 2.6% | 2.5% | 3.6% |
| 2/22/2024 | -1.6% | 3.3% | -15.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 12 |
| # Negative | 11 | 11 | 11 |
| Median Positive | 2.5% | 6.2% | 13.6% |
| Median Negative | -4.6% | -4.0% | -6.6% |
| Max Positive | 12.1% | 22.8% | 46.5% |
| Max Negative | -13.9% | -14.4% | -22.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/24/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Submit NDA to FDA for BBP-418 | |||||||
| 2026 Submit NDA to FDA for Encaleret | |||||||
| 2026 Submit NDA to FDA for Infigratinib | |||||||
| 2026 Initiate Phase 3 study for Encaleret | |||||||
| 2026 Phase 2 data for Infigratinib | |||||||
| 2027 Submit IND for Depleter | |||||||
Prior: Q3 2025 Earnings Reported 10/29/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 NDA Filing | |||||||
| 2026 Topline Results | |||||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kumar, Neil | Chief Executive Officer | Direct | Sell | 12162025 | 74.64 | 30,011 | 2,239,902 | 17,074,934 | Form |
| 2 | Apuli, Maricel | Chief Accounting Officer | Direct | Sell | 12102025 | 74.26 | 2,000 | 148,520 | 9,675,855 | Form |
| 3 | Kumar, Neil | Chief Executive Officer | Kumar Haldea Family Irrevocable Trust, of which the Reporting Person is a co-trustee. | Sell | 12082025 | 74.40 | 20,000 | 1,487,958 | 57,709,424 | Form |
| 4 | Kumar, Neil | Chief Executive Officer | Kumar Haldea Family Irrevocable Trust, of which the Reporting Person is a co-trustee. | Sell | 12082025 | 73.31 | 20,000 | 1,466,276 | 55,402,198 | Form |
| 5 | Kumar, Neil | Chief Executive Officer | Kumar Haldea Revocable Trust, of which the Reporting Person is a co-trustee. | Sell | 12082025 | 74.40 | 20,000 | 1,487,954 | 340,626,023 | 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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