Tearsheet

Bicycle Therapeutics (BCYC)


Market Price (9/4/2025): $7.2 | Market Cap: $498.6 Mil
Sector: Health Care | Industry: Biotechnology

Bicycle Therapeutics (BCYC)


Market Price (9/4/2025): $7.2
Market Cap: $498.6 Mil
Sector: Health Care
Industry: Biotechnology

Investment Highlights

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Market Valuation

 9/4/252024202320222021
Share Price CYE$7.20$14.00$18.08$29.60$60.87
Market Cap CYE ($ Mil)498.6967.8768.3879.51,770.7
Total Debt ($ Mil)7.29.545.044.344.3
Total Cash ($ Mil)721.5879.5526.4339.2438.7
Enterprise Value ($ Mil)-215.6977.3813.3923.81,815.0
Valuation Ratios     
P/S TTM25.923.123.960.7130.4
P/EBIT TTM-2.0-4.7-3.7-7.9-23.3
P/E TTM-2.1-4.8-3.6-7.8-22.8
Sector Ratios     
P/S TTM (Sector)3.84.14.54.56.7
P/EBIT TTM (Sector)4.30.4-1.9-1.2-0.4
P/E TTM (Sector)-1.8-2.2-3.4-2.2-2.3
 9/4/2520242023
Share Price CYE$7.20$14.00$18.08
Market Cap CYE ($ Mil)498.6967.8768.3
Total Debt ($ Mil)7.29.545.0
Total Cash ($ Mil)721.5879.5526.4
Enterprise Value ($ Mil)-215.6977.3813.3
Valuation Ratios   
P/S TTM25.923.123.9
P/EBIT TTM-2.0-4.7-3.7
P/E TTM-2.1-4.8-3.6
Sector Ratios   
P/S TTM (Sector)3.84.14.5
P/EBIT TTM (Sector)4.30.4-1.9
P/E TTM (Sector)-1.8-2.2-3.4

Business Description

Bicycle Therapeutics plc, a clinical-stage biopharmaceutical company, develops a class of medicines for diseases that are underserved by existing therapeutics. Its lead product candidate is BT1718, a bicycle toxin conjugate (BTC), which is in Phase I/IIa clinical trials targeting tumors that express Membrane Type 1 matrix metalloprotease. The company's oncology product candidates also comprise BT5528, a BTC that is in a Phase I/II clinical trial targeting EphA2; and BT8009, which is in Phase I/II clinical trial targeting Nectin-4. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
BCYC Return90%239%-51%-39%-23%-49%-15%
Peers Return11%18%23%15%2%8%103%
S&P 500 Return16%27%-19%24%23%10%100%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: VRTX, ABBV, AMGN, GILD, REGN.
[3] 2025 data is for the year up to 9/3/2025 (YTD)

Recent Active Movers

Recent Active Movers

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Peer Comparisons for Bicycle Therapeutics

Financials

BCYCVRTXABBVAMGNGILDREGNMedian
NameBicycle .Vertex P.AbbVie Amgen Gilead S.Regenero. 
Mkt Price-401.00211.92286.92112.71577.90286.92
Mkt Cap-102.9374.7154.4140.360.7140.3
Rev LTM-11,41958,32834,91728,86214,21428,862
Op Inc LTM--19913,6958,19210,7973,8418,192
FCF LTM-3,50018,23910,6059,3693,5569,369
FCF 3Y Avg-1,98420,2738,5908,3973,2488,397
CFO LTM-3,84619,28312,0139,8684,7449,868
CFO 3Y Avg-2,32421,1549,7538,9494,5188,949

Growth & Margins

BCYCVRTXABBVAMGNGILDREGNMedian
NameBicycle .Vertex P.AbbVie Amgen Gilead S.Regenero. 
Rev Chg LTM-10.5%6.1%12.9%3.8%5.4%6.1%
Rev Chg 3Y Avg-11.0%0.6%10.0%1.6%0.3%1.6%
Rev Chg Q-12.1%6.6%9.4%1.8%3.6%6.6%
QoQ Delta Rev Chg LTM-2.9%1.7%2.3%0.4%0.9%1.7%
Op Mgn LTM--1.7%23.5%23.5%37.4%27.0%23.5%
Op Mgn 3Y Avg-26.5%27.2%26.4%39.2%30.1%27.2%
QoQ Delta Op Mgn LTM-2.0%1.0%1.6%-0.0%-0.2%1.0%
CFO/Rev LTM-33.7%33.1%34.4%34.2%33.4%33.7%
CFO/Rev 3Y Avg-22.5%37.5%32.0%31.9%33.6%32.0%
FCF/Rev LTM-30.6%31.3%30.4%32.5%25.0%30.6%
FCF/Rev 3Y Avg-19.2%36.0%28.2%30.0%24.1%28.2%

Valuation

BCYCVRTXABBVAMGNGILDREGNMedian
NameBicycle .Vertex P.AbbVie Amgen Gilead S.Regenero. 
Mkt Cap-102.9374.7154.4140.360.7140.3
P/S-9.06.44.44.94.34.9
P/EBIT-23.463.614.917.112.417.1
P/E-28.399.623.322.213.623.3
P/CFO-26.819.412.814.212.814.2
Total Yield-3.5%4.0%7.5%7.3%7.6%7.3%
Dividend Yield-0.0%3.0%3.2%2.8%0.3%2.8%
FCF Yield 3Y Avg-2.1%7.3%6.2%8.0%4.4%6.2%
D/E-0.00.20.40.20.00.2
Net D/E--0.00.20.30.1-0.10.1

Returns

BCYCVRTXABBVAMGNGILDREGNMedian
NameBicycle .Vertex P.AbbVie Amgen Gilead S.Regenero. 
1M Rtn--13.2%8.6%-2.6%-0.4%3.6%-0.4%
3M Rtn--10.2%14.2%-0.1%3.8%18.6%3.8%
6M Rtn--17.5%3.8%-6.5%-0.4%-14.2%-6.5%
12M Rtn--19.1%11.8%-11.2%47.3%-51.0%-11.2%
3Y Rtn-42.7%74.1%30.3%97.4%-0.0%42.7%
1M Excs Rtn--16.1%5.7%-5.4%-3.3%0.7%-3.3%
3M Excs Rtn--18.1%6.2%-7.8%-3.9%9.8%-3.9%
6M Excs Rtn--26.7%-7.7%-15.8%-11.1%-25.0%-15.8%
12M Excs Rtn--32.8%-2.4%-24.7%33.4%-66.3%-24.7%
3Y Excs Rtn--15.1%17.5%-24.3%45.4%-56.7%-15.1%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Developing a unique class of chemically synthesized medicines based on its proprietary platform2714   
AstraZeneca  132
Bayer  0  
Dementia Discovery Fund  000
Genentech  650
Ionis  40 
Novartis  0  
Oxurion   20
Sanofi   011
Material transfer agreement    1
Total2714121014


Net Income by Segment
$ Mil20242023202220212020
Developing a unique class of chemically synthesized medicines based on its proprietary platform-181-113   
Total-181-113   


Price Behavior

Short Interest

Short Interest: As Of Date8152025
Short Interest: Shares Quantity1,645,537
Short Interest: % Change Since 7312025-0.9%
Average Daily Volume285,876
Days-to-Cover Short Interest5.76
Basic Shares Quantity69,252,009
Short % of Basic Shares2.4%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/8/20252.5%-1.1% 
2/25/2025-1.3%-6.9%-21.3%
10/31/2024-2.4%-1.6%-15.1%
8/6/20247.4%1.5%-9.3%
5/2/20242.0%-2.4%-8.3%
2/20/20240.8%13.6%9.1%
11/2/2023-2.9%-0.1%-2.3%
7/13/2023-0.2%-3.7%-14.3%
...
SUMMARY STATS   
# Positive967
# Negative101312
Median Positive2.0%4.7%12.1%
Median Negative-1.3%-2.4%-7.3%
Max Positive21.3%24.6%38.4%
Max Negative-3.7%-11.4%-21.3%

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Lee KevinCHIEF EXECUTIVE OFFICER7072025Sell7.092,26816,0803,431,539Form
1Skynner MichaelCHIEF TECHNOLOGY OFFICER7072025Sell7.098255,849858,209Form
2Milnes AlistairCHIEF OPERATING OFFICER7072025Sell7.091,1498,146683,958Form
3Hannay Michael Charles FergusonCHIEF PROD & SUPPLY CHAIN OFF7072025Sell7.094743,361383,378Form
4Thompson Travis AlvinCHIEF ACCOUNTING OFFICER7072025Sell7.092061,461224,193Form