Bioage Labs (BIOA)


Market Price (11/8/2026): $5.33 | Market Cap: $244.9 MilSector: Health Care | Industry: Pharmaceuticals

Bioage Labs (BIOA)


Market Price (11/8/2026): $5.33
Market Cap: $244.9 Mil
Sector: Health Care
Industry: Pharmaceuticals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -115%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 45%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -73%

Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more.

Weak multi-year price returns
2Y Excs Rtn is -104%, 3Y Excs Rtn is -145%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -121 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1402%

Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -85%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 185%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1192%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1198%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -49%

High stock price volatility
Vol 12M is 105%

Key risks
BIOA key risks include [1] the recent Phase 2 trial failure of its lead obesity drug, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -115%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 45%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -73%
3 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -104%, 3Y Excs Rtn is -145%
5 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -121 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1402%
6 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -85%
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 185%
8 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1192%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1198%
9 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -49%
10 High stock price volatility
Vol 12M is 105%
11 Key risks
BIOA key risks include [1] the recent Phase 2 trial failure of its lead obesity drug, Show more.

BIOA in ETFs

Weight = BIOA's share of each fund

VTI0.00%
ITOT0.00%
IWM0.01%
IBB0.01%
IWN0.01%
VTWO0.01%
SCHA0.01%
DFAS0.00%
+4 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/6/2026

Bioage Labs (BIOA) stock has lost about 40% since 7/31/2026 because of the following key factors:

1. Fiscal Q3 2026 Earnings Miss and Widening Net Loss. BioAge Labs reported a wider net loss of $33.5 million, or $0.73 per share, for fiscal Q3 2026 (quarter ended September 30, 2026), missing analyst estimates that anticipated a loss of $0.68 or $0.59 per share.

2. Significant Collaboration Revenue Decline. The company's collaboration revenue for fiscal Q3 2026 dropped substantially to $0.3 million, falling significantly short of analyst estimates ranging from $1.48 million to $1.64 million. This represented a decrease from $2.1 million in the prior-year period and was primarily attributed to a $1.7 million cumulative catch-up adjustment linked to a September 2026 amendment of the Novartis agreement, which, despite adding research funding, expanded research activities and thus increased the estimated effort required to fulfill the obligation.

Show more
Updated on 11/6/2026

Bioage Labs (BIOA) stock has lost about 40% since 7/31/2026 because of the following key factors:

1. Fiscal Q3 2026 Earnings Miss and Widening Net Loss. BioAge Labs reported a wider net loss of $33.5 million, or $0.73 per share, for fiscal Q3 2026 (quarter ended September 30, 2026), missing analyst estimates that anticipated a loss of $0.68 or $0.59 per share.

2. Significant Collaboration Revenue Decline. The company's collaboration revenue for fiscal Q3 2026 dropped substantially to $0.3 million, falling significantly short of analyst estimates ranging from $1.48 million to $1.64 million. This represented a decrease from $2.1 million in the prior-year period and was primarily attributed to a $1.7 million cumulative catch-up adjustment linked to a September 2026 amendment of the Novartis agreement, which, despite adding research funding, expanded research activities and thus increased the estimated effort required to fulfill the obligation.

3. Increased Research and Development (R&D) Expenses. Research and development expenses rose to $30.2 million in fiscal Q3 2026, an increase of $11.7 million from $18.5 million in fiscal Q3 2025. This increase was mainly driven by higher costs associated with the BGE-102 clinical trials and drug manufacturing, contributing to the overall wider net loss.

4. Substantial Insider Selling. Over the past year, there has been significant insider selling activity, with transactions totaling $7.8 million. Insider sales in the last 24 months amounted to $5,813,228.02. This level of insider selling, exceeding the $5 million threshold, can be perceived negatively by the market, indicating a lack of confidence from company executives and potentially contributing to downward pressure on the stock price.

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Stock Movement Drivers

Fundamental Drivers

The -40.9% change in BIOA stock from 7/31/2026 to 11/7/2026 was primarily driven by a -23.4% change in the company's P/S Multiple.
(LTM values as of)731202611072026Change
Stock Price ($)9.045.34-40.9%
Change Contribution By: 
Total Revenues ($ Mil)109-16.6%
P/S Multiple37.228.5-23.4%
Shares Outstanding (Mil)4246-7.5%
Cumulative Contribution-40.9%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/7/2026
ReturnCorrelation
BIOA-40.9% 
Market (SPY)-1.6%43.1%
Sector (XLV)13.7%27.3%

Fundamental Drivers

The -68.3% change in BIOA stock from 4/30/2026 to 11/7/2026 was primarily driven by a -57.9% change in the company's P/S Multiple.
(LTM values as of)430202611072026Change
Stock Price ($)16.855.34-68.3%
Change Contribution By: 
Total Revenues ($ Mil)99-4.4%
P/S Multiple67.828.5-57.9%
Shares Outstanding (Mil)3646-21.2%
Cumulative Contribution-68.3%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/7/2026
ReturnCorrelation
BIOA-68.3% 
Market (SPY)2.6%23.5%
Sector (XLV)27.1%17.7%

Fundamental Drivers

The -29.5% change in BIOA stock from 10/31/2025 to 11/7/2026 was primarily driven by a -59.4% change in the company's P/S Multiple.
(LTM values as of)1031202511072026Change
Stock Price ($)7.575.34-29.5%
Change Contribution By: 
Total Revenues ($ Mil)49122.6%
P/S Multiple70.328.5-59.4%
Shares Outstanding (Mil)3646-21.9%
Cumulative Contribution-29.5%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/7/2026
ReturnCorrelation
BIOA-29.5% 
Market (SPY)8.7%22.7%
Sector (XLV)29.8%19.3%

Fundamental Drivers

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Market Drivers

10/31/2023 to 11/7/2026
ReturnCorrelation
BIOA  
Market (SPY)81.9%17.1%
Sector (XLV)55.4%16.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BIOA Return----68%128%-60%-71%
Peers Return6%-18%-9%-5%3%10%-15%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
BIOA Win Rate---50%75%45% 
Peers Win Rate53%50%44%47%53%45% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
BIOA Max Drawdown-----48%-81% 
Peers Max Drawdown-35%-41%-39%-37%-41%-29% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: INM, MDCX, SBFM, LLY, JNJ.
[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 11/6/2026 (YTD)

How Low Can It Go

EventBIOAS&P 500
2025 US Tariff Shock
  % Loss-29.3%-18.8%
  % Gain to Breakeven41.4%23.1%
  Time to Breakeven20 days79 days

Compare to INM, LLY, JNJ, MRK, PFE

In The Past

Bioage Labs's stock fell -29.3% during the 2025 US Tariff Shock. Such a loss loss requires a 41.4% 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.

EventBIOAS&P 500
2025 US Tariff Shock
  % Loss-29.3%-18.8%
  % Gain to Breakeven41.4%23.1%
  Time to Breakeven20 days79 days

Compare to INM, LLY, JNJ, MRK, PFE

In The Past

Bioage Labs's stock fell -29.3% during the 2025 US Tariff Shock. Such a loss loss requires a 41.4% 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 Bioage Labs (BIOA)

Bioage Labs (BIOA) is a clinical-stage biopharmaceutical company focused on developing therapeutic product candidates for metabolic diseases, such as obesity, by specifically targeting the biology of human aging. The company utilizes a unique technology platform built on proprietary human datasets. These datasets, derived from serial biobanked samples and health records collected over decades, enable Bioage Labs to identify molecular changes that drive aging and related functional decline, informing the development of novel pharmaceutical products.

The company's lead product candidate, Azelaprag, is an orally available small molecule that has demonstrated promising preclinical results, including the ability to more than double weight loss when combined with GLP-1R agonists. Bioage Labs is currently advancing Azelaprag into two Phase 2 clinical trials for obesity, combining it with tirzepatide (Zepbound) and semaglutide (Wegovy), with the ultimate goal of developing an all-oral combination product. An additional proof-of-concept trial for azelaprag monotherapy in insulin sensitivity is also planned. Beyond Azelaprag, the pipeline includes orally available small molecule NLRP3 inhibitors for neuroinflammation, with an Investigational New Drug (IND) application anticipated in the second half of 2025.

Bioage Labs targets chronic metabolic diseases like obesity and diabetes due to their high prevalence and significant market opportunities, with the global market for GLP-1R agonists alone projected to reach $150 billion by 2031. Through its distinctive approach of modulating biological pathways associated with a longer, healthier human lifespan, the company aims to address major global healthcare challenges and capitalize on these substantial therapeutic markets.

AI Analysis | Feedback

Here are 1-3 brief analogies for Bioage Labs (BIOA):

  • Bioage Labs is like a company developing 'booster packs' for highly successful obesity drugs such as Wegovy and Zepbound, aiming to significantly enhance their weight loss and muscle benefits by targeting the biology of aging.
  • Imagine Bioage Labs as a 'performance tuner' for blockbuster weight-loss medications from companies like Eli Lilly and Novo Nordisk, focused on dramatically improving their results through novel insights into aging biology.

AI Analysis | Feedback

Bioage Labs' major products are therapeutic product candidates:
  • Azelaprag: An orally available small molecule drug candidate primarily being developed to enhance weight loss in combination with GLP-1R agonists for obesity, and also for improving insulin sensitivity.
  • NLRP3 Inhibitors: A class of orally available small molecule brain-penetrant drug candidates in preclinical development for the treatment of diseases driven by neuroinflammation.

AI Analysis | Feedback

Bioage Labs (BIOA) is a clinical-stage biopharmaceutical company focused on the research and development of therapeutic product candidates. As such, the company is currently in the development and clinical trial phase for its drug candidates (e.g., Azelaprag, NLRP3 inhibitors) and has not yet commercialized any products. Therefore, Bioage Labs does not currently have major customers in the traditional sense of selling goods or services.

AI Analysis | Feedback

Eli Lilly and Company (LLY)

Novo Nordisk (NVO)

AI Analysis | Feedback

Kristen Fortney, Co-Founder, Chief Executive Officer, President, and Director

Kristen Fortney co-founded BioAge Labs in April 2015. She holds a Ph.D. in Medical Biophysics from the University of Toronto and completed postdoctoral training at Stanford University as an Ellison/AFAR fellow. Her expertise lies in aging research, systems biology, and bioinformatics, with over a decade of experience in developing bioinformatics approaches for data-driven investigations into aging and age-related diseases. She also serves as an advisor to multiple biotechnology companies. BioAge Labs is described as a venture-backed computational biology startup.

Dov Goldstein, Chief Financial Officer

Dov Goldstein joined BioAge as Chief Financial Officer in November 2021, bringing extensive experience in finance and healthcare. He previously served as Chief Financial and Business Officer at Indapta Therapeutics (2020-2021), CEO at RIGImmune (2018-2020), and CFO of Schrödinger (2017-2018). Notably, he served as CFO of Vicuron Pharmaceuticals from 2000 to 2005, which was acquired by Pfizer for $1.9 billion in 2005. He was also CFO of Loxo Oncology from 2014 to 2015, a company later acquired by Eli Lilly for $8 billion. During his tenure at Vicuron Pharmaceuticals, he raised over $250 million in equity financing. He was also a Managing Partner at Aisling Capital, indicating a pattern of involvement with companies backed by private equity firms. Dov Goldstein holds an M.D. from Yale School of Medicine, an M.B.A. from Columbia Business School, and a B.S. in Biological Sciences from Stanford University.

Eric Morgen, Co-Founder, Chief Operating Officer and Director

Eric Morgen co-founded BioAge Labs with Kristen Fortney in 2015. Prior to BioAge, he was on the faculty at the University of Toronto, where his research focused on biomarker discovery and characterization in high-dimensional datasets from human cohorts. He also possesses a strong background in machine learning.

Paul Rubin, Chief Medical Officer & EVP, Research

Paul Rubin has over 35 years of experience in the biotechnology industry, having led 12 compounds to U.S. approval, including Lunesta® and Xopenex®, with five of these led from discovery through approval. He previously held roles as Executive Vice President Research and Development at miRagen Therapeutics, Inc., Chief Medical Officer at XOMA Corporation, and Executive Vice President Research and Development at Sepracor, Inc.

Peng Leong, Chief Business Officer & Therapeutic Area Head, Brain Aging

Peng Leong is responsible for identifying and executing strategic transactions at BioAge, playing a key role in building the company's pipeline through actions such as in-licensing Azelaprag from Amgen and establishing research collaborations with Lilly and Novartis. His prior experience includes serving as Chief Business Officer of Kazia Therapeutics, where he managed strategy and business development and in-licensed paxalisib. He has been involved in the acquisition or sale of over US$1 billion in pharmaceutical product rights through various roles, including at Merck KGaA and DRI Healthcare. Earlier in his career, he worked in healthcare investment banking at CIBC World Markets and Piper Jaffray, where he contributed to raising over US$1.4 billion for more than 20 biotechnology companies. Peng Leong holds a Ph.D. in Biochemistry from the University of Toronto and an MBA from the University of California, Berkeley.

AI Analysis | Feedback

Here are the key risks to Bioage Labs' business:
  1. Risk of Clinical Trial Failure or Unpredictability of Later-Stage Results: Bioage Labs explicitly states that "While the results of these preclinical studies and early clinical trials have demonstrated the potential use of azelaprag for the treatment of metabolic disease, they may not be predictive of the results of later-stage clinical trials." The company's lead product candidate, Azelaprag, is currently in or planning Phase 2 clinical trials, including the STRIDES trial with tirzepatide, a trial with semaglutide, and an insulin sensitivity proof-of-concept trial. The success of these trials is critical for the product's viability and market success, and there is no guarantee that Azelaprag will perform as well in later stages as it did in early studies. A previous obesity drug candidate faced a halted clinical trial due to safety concerns, resulting in a significant stock drop and investor lawsuits. Failure to achieve positive outcomes in these later-stage trials would severely impact the company's prospects.
  2. Market Competition and Adoption Risk in the Metabolic Disease Landscape: Bioage Labs is targeting the highly competitive metabolic disease market, particularly obesity. This market is currently dominated by well-established glucagon-like-peptide-1 receptor (GLP-1R) agonists such as Zepbound® (tirzepatide) from Eli Lilly and Company, and Wegovy® (semaglutide) from Novo Nordisk. Bioage's strategy involves developing azelaprag as a combination therapy to enhance the effects of GLP-1R agonists. However, the company faces the risk that its combination product may not achieve sufficient differentiation, demonstrate superior efficacy, or gain significant market acceptance against these powerful existing monotherapies or future competing combination therapies.
  3. Regulatory Approval Risk: As a clinical-stage biopharmaceutical company, Bioage Labs' product candidates, including Azelaprag and its NLRP3 inhibitors, are subject to rigorous regulatory scrutiny from agencies like the FDA. Even if clinical trials demonstrate positive results, there is no guarantee of regulatory approval. Delays or issues in obtaining necessary approvals could significantly hinder the company's ability to bring its products to market, as highlighted by the statement regarding their NLRP3 inhibitor: "We anticipate submitting an Investigational New Drug application (IND) for an NLRP3 inhibitor in the second half of 2025 and, if cleared, initiating a Phase 1 clinical trial in the first half of 2026."

AI Analysis | Feedback

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AI Analysis | Feedback

The addressable market for Bioage Labs' main products or services is the global market for GLP-1R agonists, including those used to treat diabetes, which is expected to grow to $150 billion by 2031.

AI Analysis | Feedback

For Bioage Labs (BIOA), the expected drivers of future revenue growth over the next 2-3 years are primarily centered around the advancement and expansion of its clinical pipeline:

  1. Positive Clinical Trial Results for Azelaprag in Combination with GLP-1R Agonists for Obesity: The ongoing STRIDES clinical trial assessing azelaprag with tirzepatide is anticipated to report topline results in the third quarter of 2025. Additionally, the second Phase 2 trial combining azelaprag with semaglutide is expected to initiate in the first half of 2025, with topline results projected in the second half of 2026. Successful outcomes from these trials are critical as they target the substantial and growing global market for GLP-1R agonists, potentially leading to an all-oral combination product for obesity.
  2. Expansion of Azelaprag's Indications to Include Insulin Sensitivity: Bioage Labs plans to initiate an insulin sensitivity proof-of-concept trial of azelaprag monotherapy in the first half of 2025, with topline results expected in the second half of 2025. Positive results from this trial would validate azelaprag's potential for indication expansion, opening up another significant market opportunity beyond obesity.
  3. Advancement of the NLRP3 Inhibitor Program into Clinical Trials: The company anticipates submitting an Investigational New Drug (IND) application for an orally available, small molecule brain-penetrant NLRP3 inhibitor in the second half of 2025. If cleared, a Phase 1 clinical trial is expected to commence in the first half of 2026. The successful progression of this program into clinical development would diversify Bioage Labs' pipeline and establish a new potential revenue stream in the neuroinflammation therapeutic area.

AI Analysis | Feedback

Share Issuance

  • BioAge Labs priced an upsized underwritten public offering of 5,897,435 shares of common stock at $19.50 per share on January 21, 2026, expected to generate approximately $115.0 million in gross proceeds.
  • The company granted underwriters a 30-day option to purchase up to an additional 884,615 shares of common stock in connection with the January 2026 offering.
  • A registration statement for the resale of up to 2,227,124 shares of common stock by a selling stockholder was filed, from which the company itself would not receive proceeds.

Inbound Investments

  • Institutional investors collectively hold a 43% ownership stake in BioAge Labs.
  • Private equity firms hold a 20% stake in the company.
  • Significant institutional shareholders include AH Capital Management, L.L.C., Sofinnova Investments, and Octagon Capital Advisors LP.

Capital Expenditures

  • In the last 12 months, BioAge Labs reported capital expenditures of approximately $633,000.
  • Net proceeds from the January 2026 public offering are intended to fund, among other things, capital expenditures.

Peer Outperformance in Pharmaceuticals

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Share of Pharmaceuticals constituents that BIOA has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
39%
of 70 industry peers · -26.4% return
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Health Care sector, ranked by 5Y. Pharmaceuticals is BIOA's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 6.4%54.7%91.6% CAH 507% · MCK 390% · COR 176%
Health Care Services 20 32.4%24.2%7.1% HIMS 212% · RDNT 120% · DGX 100%
Managed Health Care 8 55.2%-1.0%-2.4% OSCR 80% · HQY 52% · ELV 8%
Health Care Facilities 26 16.4%19.8%-6.8% THC 276% · NHC 212% · EHC 179%
Health Care Equipment 50 4.0%12.4%-18.2% UFPT 361% · GKOS 294% · TMDX 180%
Pharmaceuticals ← 61 -8.8%11.8%-37.3% LQDA 975% · XERS 679% · KNSA 537%
Health Care Supplies 11 23.1%16.0%-41.2% LNTH 248% · HAE 61% · MMSI 26%
Life Sciences Tools & Services 108 -6.4%-14.3%-74.5% AXGN 264% · MEDP 189% · NTRA 168%
Biotechnology 365 -23.8%-33.1%-81.5% ELVN 1194% · TRVI 1125% · DNTH 995%
Health Care Technology 21 -21.7%-51.6%-82.9% VEEV -5% · DOCS -52%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BIOAINMMDCXSBFMLLYJNJMedian
NameBioage L.InMed Ph.Medicus .Sunshine.Eli LillyJohnson . 
Mkt Price5.3314.881.872.731,358.90275.6910.11
Mkt Cap0.20.0--1,212.0664.3332.3
Rev LTM9103586,46299,33522
Op Inc LTM-121-10-43-544,31525,525-8
FCF LTM-103-8-29-611,68919,595-7
FCF 3Y Avg-72-8-18-95,28319,100-8
CFO LTM-103-8-29-530,64526,159-7
CFO 3Y Avg-72-8-18-817,58025,170-8

Growth & Margins

BIOAINMMDCXSBFMLLYJNJMedian
NameBioage L.InMed Ph.Medicus .Sunshine.Eli LillyJohnson . 
Rev Chg LTM45.3%-26.2%--2.7%45.5%7.8%7.8%
Rev Chg 3Y Avg--32.9%-42.1%39.4%5.9%22.7%
Rev Chg Q-85.5%---1.6%38.6%5.9%2.2%
QoQ Delta Rev Chg LTM-17.0%0.0%--0.4%8.5%1.4%0.0%
Op Inc Chg LTM-34.4%-26.6%-153.7%4.3%67.9%7.9%-11.2%
Op Inc Chg 3Y Avg--11.2%-281.0%12.7%68.3%4.4%4.4%
Op Mgn LTM-1,401.8%-1,238.6%--14.7%51.3%25.7%-14.7%
Op Mgn 3Y Avg--702.3%--14.9%43.7%25.4%5.3%
QoQ Delta Op Mgn LTM-375.5%-17.5%--1.8%1.5%-1.1%-1.8%
CFO/Rev LTM-1,192.2%-957.7%--15.1%35.4%26.3%-15.1%
CFO/Rev 3Y Avg--609.8%--24.1%25.7%27.1%0.8%
FCF/Rev LTM-1,197.8%-957.7%--15.7%13.5%19.7%-15.7%
FCF/Rev 3Y Avg--609.8%--27.3%6.3%20.6%-10.5%

Valuation

BIOAINMMDCXSBFMLLYJNJMedian
NameBioage L.InMed Ph.Medicus .Sunshine.Eli LillyJohnson . 
Mkt Cap0.20.0--1,212.0664.3332.3
P/S28.59.9--14.06.712.0
P/Op Inc-2.0-0.8--27.326.012.6
P/EBIT-2.3-0.7--27.335.513.3
P/E-2.3-0.6--43.941.320.3
P/CFO-2.4-1.0--39.525.412.2
Total Yield-44.0%-154.7%--2.8%4.3%-20.6%
Dividend Yield0.0%0.0%--0.5%1.9%0.2%
FCF Yield 3Y Avg-45.2%-142.1%--0.6%4.0%-22.3%
D/E0.00.0--0.00.10.0
Net D/E-1.1-0.1--0.00.0-0.0

Returns

BIOAINMMDCXSBFMLLYJNJMedian
NameBioage L.InMed Ph.Medicus .Sunshine.Eli LillyJohnson . 
1M Rtn-14.2%11.9%-63.3%3.0%16.2%7.5%5.3%
3M Rtn-54.5%1.2%-63.3%3.0%14.8%6.9%2.1%
6M Rtn-70.4%128.9%-63.3%3.0%43.7%25.9%14.5%
12M Rtn-26.6%-7.0%-63.3%3.0%47.9%51.1%-2.0%
3Y Rtn-70.9%-82.3%-63.3%3.0%124.1%99.7%-30.1%
1M Excs Rtn-9.2%16.7%-58.3%8.1%21.2%12.5%10.3%
3M Excs Rtn-48.6%10.2%-58.4%7.9%15.3%10.7%9.0%
6M Excs Rtn-70.1%129.2%-63.0%3.3%44.0%26.2%14.8%
12M Excs Rtn-37.5%-22.2%-71.8%-5.6%39.1%43.0%-13.9%
3Y Excs Rtn-144.8%-154.7%-137.4%-71.6%75.8%28.0%-104.5%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Business of extending healthy human life by targeting molecular causes of aging9000
Total9000


Operating Income by Segment
$ Mil20252024
Business of extending healthy human life by targeting molecular causes of aging-93-78
Total-93-78


Net Income by Segment
$ Mil202520242023
Business of extending healthy human life by targeting molecular causes of aging-81-71-64
Total-81-71-64


Assets by Segment
$ Mil20232022
Business of extending healthy human life by targeting molecular causes of aging2628
Total2628


Price Behavior

Price Behavior
Market Price$5.34 
Market Cap ($ Bil)0.2 
First Trading Date09/26/2024 
Distance from 52W High-78.7% 
   50 Days200 Days
DMA Price$6.99$15.45
DMA Trenddowndown
Distance from DMA-23.6%-65.4%
 3M1YR
Volatility67.4%105.4%
Downside Capture473.27235.90
Upside Capture146.64174.20
Correlation (S&P 500)36.1%23.3%
BIOA Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta2.381.983.262.201.81-0.07
Up Beta-8.15-2.412.933.942.26-0.07
Down Beta-1.140.261.090.710.08-0.59
Up Capture305%156%317%28%234%79%
Bmk +ve Days12182862130427
Stock +ve Days6132253112252
Down Capture458%396%390%232%158%111%
Bmk -ve Days10253664121325
Stock -ve Days15294172137262

[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 BIOA
BIOA-28.9%105.4%0.31-
Sector ETF (XLV)28.6%16.9%1.3119.3%
Equity (SPY)9.5%13.6%0.4022.9%
Gold (GLD)1.6%28.7%0.0518.9%
Commodities (DBC)38.4%21.2%1.42-16.3%
Real Estate (VNQ)11.3%14.2%0.5114.2%
Bitcoin (BTCUSD)-27.2%43.6%-0.6117.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BIOA
BIOA5.9%90.4%0.63-
Sector ETF (XLV)8.3%15.4%0.3517.7%
Equity (SPY)11.3%17.3%0.4819.0%
Gold (GLD)17.5%19.1%0.7414.0%
Commodities (DBC)8.1%19.6%0.30-6.7%
Real Estate (VNQ)1.3%18.9%-0.0415.0%
Bitcoin (BTCUSD)4.0%51.6%0.2618.4%

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 BIOA
BIOA2.9%90.4%0.63-
Sector ETF (XLV)12.2%16.8%0.5917.7%
Equity (SPY)15.0%18.0%0.7019.0%
Gold (GLD)11.9%16.5%0.5914.0%
Commodities (DBC)7.5%18.1%0.33-6.7%
Real Estate (VNQ)5.9%20.7%0.2415.0%
Bitcoin (BTCUSD)60.0%66.3%1.0018.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity3.4 Mil
Short Interest: % Change Since 93020264.8%
Average Daily Volume0.9 Mil
Days-to-Cover Short Interest3.7 days
Basic Shares Quantity45.9 Mil
Short % of Basic Shares7.5%

Earnings Returns History

Updated 11/8/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/5/2026-3.6%  
8/5/20262.6%-4.6%-13.5%
5/8/20261.0%5.0%-13.0%
11/6/2025-2.8%3.3%61.4%
8/6/2025-0.2%5.3%9.9%
5/6/20252.8%1.0%12.4%
3/20/20252.5%-11.4%-8.2%
11/7/20247.6%-5.4%-2.6%
SUMMARY STATS   
# Positive543
# Negative334
Median Positive2.6%4.2%12.4%
Median Negative-2.8%-5.4%-10.6%
Max Positive7.6%5.3%61.4%
Max Negative-3.6%-11.4%-13.5%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/5/2026-3.6%  
8/5/20262.6%-4.6%-13.5%
5/8/20261.0%5.0%-13.0%
11/6/2025-2.8%3.3%61.4%
8/6/2025-0.2%5.3%9.9%
5/6/20252.8%1.0%12.4%
3/20/20252.5%-11.4%-8.2%
11/7/20247.6%-5.4%-2.6%
SUMMARY STATS   
# Positive543
# Negative334
Median Positive2.6%4.2%12.4%
Median Negative-2.8%-5.4%-10.6%
Max Positive7.6%5.3%61.4%
Max Negative-3.6%-11.4%-13.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202611/05/202610-Q
06/30/202608/05/202610-Q
03/31/202605/08/202610-Q
12/31/202503/24/202610-K
09/30/202511/06/202510-Q
06/30/202508/06/202510-Q
03/31/202505/06/202510-Q
12/31/202403/20/202510-K
09/30/202411/07/202410-Q
06/30/202409/26/2024424B4
03/31/202407/03/2024DRS/A
Collapse to Preview
Report DateFiling DateFiling
09/30/202611/05/202610-Q
06/30/202608/05/202610-Q
03/31/202605/08/202610-Q
12/31/202503/24/202610-K
09/30/202511/06/202510-Q
06/30/202508/06/202510-Q
03/31/202505/06/202510-Q
12/31/202403/20/202510-K
09/30/202411/07/202410-Q
06/30/202409/26/2024424B4
03/31/202407/03/2024DRS/A

Insider Activity

Updated 7/1/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Barton, ShanePrincipal Accounting OfficerDirectSell701202625.1920,216  Form
2Barton, ShanePrincipal Accounting OfficerDirectSell701202625.2142,350  Form
3Rubin, Paul DChief Medical OfficerDirectSell403202617.818,820  Form
4Rubin, Paul DChief Medical OfficerDirectSell303202620.307,433  Form
5Rubin, Paul DChief Medical OfficerDirectSell203202618.757,433  Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Barton, ShanePrincipal Accounting OfficerDirectSell701202625.1920,216  Form
2Barton, ShanePrincipal Accounting OfficerDirectSell701202625.2142,350  Form
3Rubin, Paul DChief Medical OfficerDirectSell403202617.818,820  Form
4Rubin, Paul DChief Medical OfficerDirectSell303202620.307,433  Form
5Rubin, Paul DChief Medical OfficerDirectSell203202618.757,433  Form
6Goldstein, Dov A MDChief Financial OfficerDirectSell115202619.7027,000531,828441,378Form
7Fortney, KristenChief Executive OfficerDirectSell115202618.12233,1074,223,03617,698,701Form
8Rubin, Paul DChief Medical OfficerDirectSell106202612.857,433  Form
9Rubin, Paul DChief Medical OfficerDirectSell1211202512.0018,000  Form
10Rubin, Paul DChief Medical OfficerDirectSell1205202510.1968,897  Form

Investor Activity (13F)

Updated Nov 8, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
a16z Capital Management, L.L.C.$56.5 Mil4.4%16Hold13F
Pivotal bioVenture Partners Investment Advisor LLC$11.4 Mil4.1%13Hold13F
Octagon Capital Advisors LP$30.6 Mil3.4%29ADD +9.4%13F
Sands Capital Alternatives, LLC$13.8 Mil3.3%21Hold13F
Cormorant Asset Management, LP$50.6 Mil2.5%46ADD +41.7%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Cormorant Asset Management, LP$50.6 Mil2.5%46ADD +41.7%13F
Octagon Capital Advisors LP$30.6 Mil3.4%29ADD +9.4%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
a16z Capital Management, L.L.C.$56.5 Mil4.4%16Hold13F
Cormorant Asset Management, LP$50.6 Mil2.5%46ADD +41.7%13F
Octagon Capital Advisors LP$30.6 Mil3.4%29ADD +9.4%13F
Sands Capital Alternatives, LLC$13.8 Mil3.3%21Hold13F
Pivotal bioVenture Partners Investment Advisor LLC$11.4 Mil4.1%13Hold13F
Core Cache Last Updated: 11/7/2026