Perspective Therapeutics (CATX)
Market Price (8/8/2026): $3.0 | Market Cap: $310.8 MilSector: Health Care | Industry: Life Sciences Tools & Services
Perspective Therapeutics (CATX)
Market Price (8/8/2026): $3.0Market Cap: $310.8 MilSector: Health CareIndustry: Life Sciences Tools & Services
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 -86% 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 -121%, 3Y Excs Rtn is -121% 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 10.01 | 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 -120 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 -40% High stock price volatilityVol 12M is 109% Significant short interestShort 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 22% Key risksCATX key risks include [1] the uncertain clinical efficacy of its lead candidate VMT-α-NET, 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 -86% |
| 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 -121%, 3Y Excs Rtn is -121% |
| 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 10.01 |
| 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 -120 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 -40% |
| High stock price volatilityVol 12M is 109% |
| Significant short interestShort 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 22% |
| Key risksCATX key risks include [1] the uncertain clinical efficacy of its lead candidate VMT-α-NET, Show more. |
Qualitative Assessment
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Perspective Therapeutics (CATX) stock has lost about 25% since 4/30/2026 because of the following key factors:
1. Continued Substantial Net Losses and Minimal Revenue. Perspective Therapeutics (CATX) reported a net loss of -$26.19 million for fiscal Q1 2026 (ended March 31, 2026). The company's revenue for fiscal Q1 2026 was only $0.08 million, representing a 77.78% decrease from the previous quarter, and the company posted a trailing twelve-month net loss of -$111.13 million ending March 31, 2026. As a pre-revenue clinical-stage biopharmaceutical company, consistent significant losses and negligible revenue contribute to investor uncertainty regarding future profitability and financial sustainability.
2. Significant Shareholder Dilution. Over the past year, the total shares outstanding for Perspective Therapeutics increased by 53.6%. This substantial dilution for existing shareholders indicates that the company has likely been raising capital through equity issuances to fund its ongoing clinical development and operations, a common practice for pre-revenue biotech firms. However, such dilution can exert downward pressure on the stock price, as the value of each existing share is reduced.
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Perspective Therapeutics (CATX) stock has lost about 25% since 4/30/2026 because of the following key factors:
1. Continued Substantial Net Losses and Minimal Revenue. Perspective Therapeutics (CATX) reported a net loss of -$26.19 million for fiscal Q1 2026 (ended March 31, 2026). The company's revenue for fiscal Q1 2026 was only $0.08 million, representing a 77.78% decrease from the previous quarter, and the company posted a trailing twelve-month net loss of -$111.13 million ending March 31, 2026. As a pre-revenue clinical-stage biopharmaceutical company, consistent significant losses and negligible revenue contribute to investor uncertainty regarding future profitability and financial sustainability.
2. Significant Shareholder Dilution. Over the past year, the total shares outstanding for Perspective Therapeutics increased by 53.6%. This substantial dilution for existing shareholders indicates that the company has likely been raising capital through equity issuances to fund its ongoing clinical development and operations, a common practice for pre-revenue biotech firms. However, such dilution can exert downward pressure on the stock price, as the value of each existing share is reduced.
3. Early-Stage Clinical Progress Without Near-Term Commercialization. While the company announced several positive early-stage clinical updates during the period, including the presentation of updated data from all three clinical programs at the 2026 ASCO Annual Meeting (such as two confirmed responses out of seven patients (29%) in the [212Pb]VMT01 melanoma cohort) and the first patients dosed in new Phase 1/2a study cohorts for neuroendocrine tumors and solid tumors, these advancements are still in the early phases of clinical development. For a company with consistent losses and minimal revenue, the market may be factoring in the long and costly timeline to potential regulatory approval and commercialization, leading to a de-risking of the stock in the absence of more advanced, pivotal trial data.
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Stock Movement Drivers
Fundamental Drivers
The -23.1% change in CATX stock from 4/30/2026 to 8/7/2026 was primarily driven by a -28.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302026 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.90 | 3.00 | -23.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 74 | 104 | -28.2% |
| Cumulative Contribution | 0.0% |
Market Drivers
4/30/2026 to 8/7/2026| Return | Correlation | |
|---|---|---|
| CATX | -23.1% | |
| Market (SPY) | 7.6% | 27.7% |
| Sector (XLV) | 13.5% | -7.5% |
Fundamental Drivers
The -20.8% change in CATX stock from 1/31/2026 to 8/7/2026 was primarily driven by a -28.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 1312026 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.79 | 3.00 | -20.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 74 | 104 | -28.3% |
| Cumulative Contribution | 0.0% |
Market Drivers
1/31/2026 to 8/7/2026| Return | Correlation | |
|---|---|---|
| CATX | -20.8% | |
| Market (SPY) | 12.1% | 31.6% |
| Sector (XLV) | 7.5% | 7.4% |
Fundamental Drivers
The -21.9% change in CATX stock from 7/31/2025 to 8/7/2026 was primarily driven by a -30.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312025 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.84 | 3.00 | -21.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 72 | 104 | -30.2% |
| Cumulative Contribution | 0.0% |
Market Drivers
7/31/2025 to 8/7/2026| Return | Correlation | |
|---|---|---|
| CATX | -21.9% | |
| Market (SPY) | 23.4% | 12.3% |
| Sector (XLV) | 28.7% | 1.1% |
Fundamental Drivers
The -47.4% change in CATX stock from 7/31/2023 to 8/7/2026 was primarily driven by a null change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312023 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.70 | 3.00 | -47.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 0 | |
| P/S Multiple | 18.3 | ∞ | 9.2233720368547763E17% |
| Shares Outstanding (Mil) | 23 | 104 | -77.9% |
| Cumulative Contribution | 0.0% |
Market Drivers
7/31/2023 to 8/7/2026| Return | Correlation | |
|---|---|---|
| CATX | -47.4% | |
| Market (SPY) | 74.9% | 19.5% |
| Sector (XLV) | 29.3% | 13.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CATX Return | -14% | -36% | 63% | -21% | -14% | 8% | -34% |
| Peers Return | 18% | 27% | 13% | -14% | -9% | 6% | 40% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| CATX Win Rate | 8% | 50% | 33% | 50% | 58% | 50% | |
| Peers Win Rate | 45% | 53% | 45% | 50% | 53% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CATX Max Drawdown | -85% | -49% | -71% | -85% | -59% | -50% | |
| Peers Max Drawdown | -36% | -38% | -39% | -54% | -51% | -29% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LNTH, ATNM, CLRB, LLY, BMY.
[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 8/7/2026 (YTD)
How Low Can It Go
| Event | CATX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -41.4% | -18.8% |
| % Gain to Breakeven | 70.8% | 23.1% |
| Time to Breakeven | 56 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -63.0% | -9.5% |
| % Gain to Breakeven | 170.2% | 10.5% |
| Time to Breakeven | 111 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -46.9% | -24.5% |
| % Gain to Breakeven | 88.4% | 32.4% |
| Time to Breakeven | 130 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.9% | -33.7% |
| % Gain to Breakeven | 84.9% | 50.9% |
| Time to Breakeven | 274 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -46.7% | -19.2% |
| % Gain to Breakeven | 87.7% | 23.8% |
| Time to Breakeven | 335 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -30.0% | -3.7% |
| % Gain to Breakeven | 42.8% | 3.9% |
| Time to Breakeven | 994 days | 6 days |
In The Past
Perspective Therapeutics's stock fell -41.4% during the 2025 US Tariff Shock. Such a loss loss requires a 70.8% gain to breakeven.
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| Event | CATX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -41.4% | -18.8% |
| % Gain to Breakeven | 70.8% | 23.1% |
| Time to Breakeven | 56 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -63.0% | -9.5% |
| % Gain to Breakeven | 170.2% | 10.5% |
| Time to Breakeven | 111 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -46.9% | -24.5% |
| % Gain to Breakeven | 88.4% | 32.4% |
| Time to Breakeven | 130 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.9% | -33.7% |
| % Gain to Breakeven | 84.9% | 50.9% |
| Time to Breakeven | 274 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -46.7% | -19.2% |
| % Gain to Breakeven | 87.7% | 23.8% |
| Time to Breakeven | 335 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -30.0% | -3.7% |
| % Gain to Breakeven | 42.8% | 3.9% |
| Time to Breakeven | 994 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -61.0% | -12.2% |
| % Gain to Breakeven | 156.7% | 13.9% |
| Time to Breakeven | 1819 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -75.0% | -6.8% |
| % Gain to Breakeven | 300.0% | 7.3% |
| Time to Breakeven | 1827 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -36.1% | -17.9% |
| % Gain to Breakeven | 56.4% | 21.8% |
| Time to Breakeven | 218 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -23.3% | -15.4% |
| % Gain to Breakeven | 30.4% | 18.2% |
| Time to Breakeven | 22 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -91.9% | -53.4% |
| % Gain to Breakeven | 1133.3% | 114.4% |
| Time to Breakeven | 1820 days | 1085 days |
In The Past
Perspective Therapeutics's stock fell -41.4% during the 2025 US Tariff Shock. Such a loss loss requires a 70.8% 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 Perspective Therapeutics (CATX)
Perspective Therapeutics (CATX), operating through its subsidiary Isoray Medical, Inc., is a medical technology company focused on developing, manufacturing, and selling isotope-based medical products and devices. The company's primary objective is to provide advanced treatment options for various forms of cancer and other malignant diseases, utilizing targeted radiation therapy.
The company's main product is the CS-1 Cesium-131 brachytherapy seeds. These small, radioactive seeds are used in a form of internal radiation therapy where they are implanted directly into or near a tumor. This targeted approach is designed to deliver a high dose of radiation directly to cancerous cells, minimizing exposure to surrounding healthy tissue. These brachytherapy seeds are applicable for treating a broad spectrum of cancers, including prostate, brain, lung, head and neck, gynecological, pelvic/abdominal, and colorectal cancers.
Perspective Therapeutics serves a specialized market within the healthcare industry, primarily selling its products to medical facilities and physician practices that utilize surgical capabilities. These customers, located in the United States and internationally, integrate the company's brachytherapy seeds into their treatment protocols to provide advanced cancer care to their patients.
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1. Varian Medical Systems for internal radiation therapy.
2. A specialized medical device company like Boston Scientific, but focused on radioactive implants for cancer.
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- CS-1 Cesium-131 brachytherapy seeds: An isotope-based medical product used for the treatment of various cancers, including prostate, brain, lung, head and neck, gynecological, pelvic/abdominal, and colorectal cancers.
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Perspective Therapeutics (CATX) sells its isotope-based medical products and devices primarily to other companies and institutions within the healthcare sector. Based on the provided information, its major customers fall into the following categories:
- Facilities utilizing various surgical facilities: This category includes hospitals, cancer centers, and other medical institutions that perform surgical procedures for cancer treatment using brachytherapy.
- Physician practices utilizing various surgical facilities: This category encompasses specialized clinics and physician groups, such as oncology clinics, urology clinics, and radiation therapy centers, which incorporate surgical interventions and brachytherapy in their patient care.
The provided information does not list the names of specific customer companies or their public symbols.
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- Nordion (Sotera Health, SHC)
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Thijs Spoor, Chief Executive Officer
Thijs Spoor was appointed CEO in February 2023. He has been instrumental in the company's transition and focus on advancing targeted alpha therapies for cancer treatment. Mr. Spoor demonstrated confidence in the company's future by purchasing company stock in March 2025.
Joel Sendek, Chief Financial Officer
Joel Sendek was appointed Chief Financial Officer on September 4, 2025. He brings over 30 years of experience in the life sciences sector. Mr. Sendek has a strong background in biotech finance, having served as CFO at four other biotech companies: Dewpoint Therapeutics, Sema4, Spero Therapeutics, and Forward Pharma. In his capacity as a biotech CFO, he has successfully raised over $2.5 billion through various transactions. His extensive career also includes a distinguished period as a Wall Street analyst, holding senior equity research positions at firms such as Stifel, Lazard, and Oppenheimer, where he led healthcare equity research. The Wall Street Journal recognized him as an All-Star Analyst, ranking him #1 in stock picking. Before his career in equity research, Mr. Sendek worked as Senior Director of Corporate Development at Progenics Pharmaceuticals, Inc. and as an investment banking analyst at Goldman, Sachs & Co.
Markus Puhlmann, M.D., PhD, Chief Medical Officer
Dr. Puhlmann serves as the Chief Medical Officer for Perspective Therapeutics. Details regarding his prior company founding, sales, or private equity involvement are not available in the provided information.
Jonathan Hunt, Chief Accounting Officer
Jonathan Hunt holds the position of Chief Accounting Officer, having previously served as the company's CFO. He is an experienced accounting leader with more than 25 years of finance and accounting expertise gained across a variety of industries, including Fortune 500 companies. There is no information available regarding his involvement in founding or selling other companies, or his management of private equity-backed firms.
Amos Hedt, Chief Business Strategy Officer
Amos Hedt is the Chief Business Strategy Officer. He is described as a skilled strategist with over 20 years of experience in the biotechnology and pharmaceutical industries, possessing comprehensive expertise across all stages of drug research and development. The provided information does not include details on him founding or managing other companies, selling companies, or his experience with private equity firms.
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The key risks to Perspective Therapeutics (CATX) primarily revolve around the inherent challenges of drug development in the biotechnology sector, compounded by financial considerations and market competition.
- Clinical Development and Efficacy of Lead Candidates: A significant risk for Perspective Therapeutics is the uncertainty surrounding the efficacy and successful development of its lead drug candidates, particularly VMT-α-NET. Clinical trials may be more costly or take longer to complete than anticipated, or they may not generate results that justify further development. Concerns have been raised regarding limited confirmed responses in some trials for VMT-α-NET, which could impact its commercial viability, despite encouraging safety data. The need for dose optimization in key programs could also extend development timelines, potentially allowing competitors to gain an advantage.
- Financial Health, Cash Burn, and Need for Future Funding: Perspective Therapeutics has faced substantial financial challenges, including significant losses and minimal revenue, with expectations of continued unprofitability for the foreseeable future. While the company has a projected cash runway, its cash-burning operations suggest a potential future need for additional funding, which could lead to equity dilution for existing shareholders through new share issuances.
- Intense Competition and Regulatory Hurdles: The radiopharmaceutical therapeutics market in which Perspective Therapeutics operates is characterized by intense competition. Additionally, the company faces inherent regulatory hurdles throughout the drug development and approval process, which can delay or prevent products from reaching the market.
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The increasing adoption and technological advancements in non-invasive external beam radiation therapies, particularly Stereotactic Body Radiation Therapy (SBRT), pose a clear emerging threat. SBRT offers highly precise and often fewer treatment sessions for localized cancers, directly competing with brachytherapy's role in treating the same conditions, such as prostate, lung, and other solid tumors. This ongoing shift in clinical practice towards more advanced and less invasive radiation modalities could erode the market share for brachytherapy seeds.
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- The global brachytherapy market was valued at approximately USD 1.07 billion in 2025.
- It is projected to reach around USD 2.12 billion by 2035, growing at a compound annual growth rate (CAGR) of 7.08% from 2026 to 2035.
- The North American brachytherapy market size was valued at approximately USD 460 million in 2025.
- The U.S. brachytherapy market alone reached USD 0.76 billion in 2025 and is projected to expand to USD 1.59 billion by 2035, with a CAGR of 7.7% during the forecast period (2026–2035).
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Perspective Therapeutics (CATX) is anticipated to drive future revenue growth over the next 2-3 years through the following key initiatives:
- Advancement and Commercialization of VMT-α-NET: A primary driver of future revenue is expected to be the successful clinical development and eventual commercialization of VMT-α-NET, the company's lead asset in Phase 1/2a clinical trials for patients with unresectable or metastatic somatostatin receptor type 2 (SSTR2)-expressing neuroendocrine tumors. This therapy has shown promising preliminary results, including high response rates when combined with anti-PD-1 therapy and a favorable safety profile. Continued positive trial outcomes and regulatory approval would open access to a multi-billion dollar market.
- Expansion of Radiopharmaceutical Pipeline: The company's pipeline includes other proprietary radiopharmaceutical candidates like VMT01, in Phase 1/2a clinical trials for metastatic melanoma, as well as PSV359 and PSV4XX, which target fibroblast activation protein alpha and prostate-specific membrane antigen, respectively. The progression and potential commercialization of these additional therapies are expected to diversify and contribute to future revenue streams.
- Penetration of the Neuroendocrine Tumor Market: With VMT-α-NET specifically targeting the substantial neuroendocrine tumor market, successful market entry and adoption of this therapy, upon approval, will be a significant contributor to revenue growth. The company's focus on pioneering advanced treatment applications for cancers using its proprietary technology underpins its strategy for market penetration.
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Share Issuance
- In February 2023, as part of the merger with Viewpoint Molecular Targeting, Inc., Perspective Therapeutics (formerly Isoray) issued 136,545,075 shares of common stock to Viewpoint shareholders, accounting for approximately 49% of the combined company's fully-diluted outstanding capital stock.
- In March 2024, Perspective Therapeutics completed an $87.4 million private placement through the sale of 92,009,981 shares of common stock at $0.95 per share to institutional investors.
- In February 2026, the company announced the pricing of an underwritten offering to raise approximately $175 million in gross proceeds from the sale of common stock and pre-funded warrants.
Inbound Investments
- Perspective Therapeutics received approximately $87.4 million in March 2024 from a private placement with a select group of institutional accredited investors.
- The February 2026 underwritten offering, which raised about $175 million, included participation from several institutional investors such as Commodore Capital, TCGX, Spruce Street Capital, Surveyor Capital, Affinity Asset Advisors, HBM Healthcare Investments, and Ally Bridge Group.
Outbound Investments
- In March 2024, Perspective Therapeutics made a corporate asset purchase to acquire a radiopharmaceutical manufacturing facility in Somerset, New Jersey, from Lantheus Holdings.
Capital Expenditures
- Perspective Therapeutics invested $2.0 million in capital expenditures during Q3 2026, primarily for long-term assets and infrastructure.
- Over the twelve months prior to March 2026, the company's capital expenditures totaled approximately $22.29 million.
- A portion of the net proceeds from the February 2026 underwritten offering is designated for continued investment in the company's manufacturing facilities.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Perspective Therapeutics Earnings Notes | 12/16/2025 | |
| Day 6 of Loss Streak for Perspective Therapeutics Stock with -42% Return (vs. -9.7% YTD) [10/23/2025] | 10/24/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 33.86 |
| Mkt Cap | 3.4 |
| Rev LTM | 778 |
| Op Inc LTM | 140 |
| FCF LTM | 185 |
| FCF 3Y Avg | 184 |
| CFO LTM | 197 |
| CFO 3Y Avg | 214 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.1% |
| Rev Chg 3Y Avg | 12.0% |
| Rev Chg Q | 5.7% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Inc Chg LTM | 43.6% |
| Op Inc Chg 3Y Avg | 15.6% |
| Op Mgn LTM | 23.8% |
| Op Mgn 3Y Avg | 26.6% |
| QoQ Delta Op Mgn LTM | 1.5% |
| CFO/Rev LTM | 26.3% |
| CFO/Rev 3Y Avg | 29.9% |
| FCF/Rev LTM | 20.1% |
| FCF/Rev 3Y Avg | 26.6% |
Price Behavior
| Market Price | $3.00 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 04/19/2007 | |
| Distance from 52W High | -46.9% | |
| 50 Days | 200 Days | |
| DMA Price | $3.15 | $3.51 |
| DMA Trend | down | down |
| Distance from DMA | -4.7% | -14.5% |
| 3M | 1YR | |
| Volatility | 61.4% | 109.5% |
| Downside Capture | 115.08 | 107.54 |
| Upside Capture | -5.41 | 60.20 |
| Correlation (SPY) | 29.5% | 11.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.41 | 1.10 | 1.29 | 1.62 | 1.04 | 1.43 |
| Up Beta | 2.13 | 4.49 | 3.96 | 2.41 | 2.32 | 1.41 |
| Down Beta | -0.00 | 1.80 | 1.21 | 1.67 | 0.50 | 1.16 |
| Up Capture | -110% | -109% | -24% | 71% | 50% | 216% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 8 | 14 | 24 | 48 | 113 | 361 |
| Down Capture | 126% | 72% | 119% | 158% | 111% | 111% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 13 | 26 | 35 | 71 | 127 | 368 |
[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 CATX | |
|---|---|---|---|---|
| CATX | -21.5% | 109.4% | 0.22 | - |
| Sector ETF (XLV) | 28.7% | 15.5% | 1.42 | 0.5% |
| Equity (SPY) | 23.3% | 12.8% | 1.36 | 11.6% |
| Gold (GLD) | 28.5% | 28.4% | 0.87 | 6.6% |
| Commodities (DBC) | 32.9% | 19.8% | 1.32 | -4.6% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 0.9% |
| Bitcoin (BTCUSD) | -44.2% | 42.9% | -1.23 | -3.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CATX | |
|---|---|---|---|---|
| CATX | -15.7% | 100.0% | 0.28 | - |
| Sector ETF (XLV) | 6.2% | 15.0% | 0.23 | 13.9% |
| Equity (SPY) | 13.5% | 17.2% | 0.61 | 20.3% |
| Gold (GLD) | 18.6% | 18.6% | 0.81 | 5.1% |
| Commodities (DBC) | 8.2% | 19.6% | 0.31 | 1.7% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 12.9% |
| Bitcoin (BTCUSD) | 8.8% | 53.0% | 0.35 | 4.8% |
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 CATX | |
|---|---|---|---|---|
| CATX | -12.9% | 103.5% | 0.28 | - |
| Sector ETF (XLV) | 10.1% | 16.6% | 0.49 | 11.5% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 13.4% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | 1.6% |
| Commodities (DBC) | 7.4% | 18.0% | 0.33 | 1.6% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 8.2% |
| Bitcoin (BTCUSD) | 58.2% | 66.2% | 0.98 | 4.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 8/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/11/2026 | -2.8% | -3.1% | -24.0% |
| 3/16/2026 | -5.2% | -18.8% | -16.1% |
| 1/9/2026 | 1.1% | -11.7% | 72.2% |
| 11/10/2025 | 0.0% | -0.5% | 21.6% |
| 8/13/2025 | -4.3% | -14.1% | -15.1% |
| 5/12/2025 | 1.6% | 8.8% | 30.7% |
| 3/26/2025 | 1.3% | -9.7% | 5.3% |
| 1/13/2025 | -2.9% | -2.0% | -10.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 7 | 11 |
| # Negative | 16 | 17 | 13 |
| Median Positive | 1.5% | 11.3% | 21.6% |
| Median Negative | -4.0% | -9.7% | -22.0% |
| Max Positive | 8.5% | 29.2% | 72.2% |
| Max Negative | -18.6% | -36.5% | -67.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/11/2026 | -2.8% | -3.1% | -24.0% |
| 3/16/2026 | -5.2% | -18.8% | -16.1% |
| 1/9/2026 | 1.1% | -11.7% | 72.2% |
| 11/10/2025 | 0.0% | -0.5% | 21.6% |
| 8/13/2025 | -4.3% | -14.1% | -15.1% |
| 5/12/2025 | 1.6% | 8.8% | 30.7% |
| 3/26/2025 | 1.3% | -9.7% | 5.3% |
| 1/13/2025 | -2.9% | -2.0% | -10.3% |
| 11/12/2024 | -6.9% | -36.5% | -67.5% |
| 8/12/2024 | 5.7% | 17.1% | 29.4% |
| 5/15/2024 | -10.8% | -9.7% | -34.1% |
| 3/28/2024 | -0.8% | 18.3% | 31.7% |
| 11/14/2023 | 8.5% | 11.3% | 18.6% |
| 8/11/2023 | -1.8% | -20.7% | -22.0% |
| 2/16/2023 | 0.0% | -6.7% | 69.6% |
| 11/10/2022 | -0.7% | 29.2% | 12.9% |
| 5/10/2022 | -8.7% | 1.7% | -4.2% |
| 2/8/2022 | 7.0% | -0.4% | -9.0% |
| 11/10/2021 | -4.4% | -17.0% | -25.8% |
| 9/21/2021 | -3.7% | -2.0% | -2.0% |
| 5/13/2021 | -1.4% | 2.2% | 8.7% |
| 2/9/2021 | -1.1% | -3.4% | -30.7% |
| 11/10/2020 | -8.5% | -11.7% | 0.0% |
| 9/17/2020 | -18.6% | -29.9% | -26.0% |
| SUMMARY STATS | |||
| # Positive | 8 | 7 | 11 |
| # Negative | 16 | 17 | 13 |
| Median Positive | 1.5% | 11.3% | 21.6% |
| Median Negative | -4.0% | -9.7% | -22.0% |
| Max Positive | 8.5% | 29.2% | 72.2% |
| Max Negative | -18.6% | -36.5% | -67.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/26/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/28/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 05/01/2023 | 10-KT |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 09/28/2022 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/26/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/28/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 05/01/2023 | 10-KT |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 09/28/2022 | 10-K |
| 03/31/2022 | 05/13/2022 | 10-Q |
| 12/31/2021 | 02/09/2022 | 10-Q |
| 09/30/2021 | 11/10/2021 | 10-Q |
| 06/30/2021 | 09/27/2021 | 10-K |
| 03/31/2021 | 05/14/2021 | 10-Q |
| 12/31/2020 | 02/09/2021 | 10-Q |
| 09/30/2020 | 11/13/2020 | 10-Q |
| 06/30/2020 | 09/25/2020 | 10-K |
| 03/31/2020 | 05/13/2020 | 10-Q |
| 12/31/2019 | 02/12/2020 | 10-Q |
| 09/30/2019 | 11/13/2019 | 10-Q |
| 06/30/2019 | 09/27/2019 | 10-K |
Recent Forward Guidance
Updated 7/27/2026Latest: Q1 2026 Earnings Reported 5/11/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Cash Runway | Affirmed | ||||||
Prior: Q3 2025 Earnings Reported 11/10/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Cash, cash equivalents and short-term investments | 174.00 Mil | -9.4% | Lower New | Actual: 192.00 Mil for 2026 | |||
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hunt, Jonathan Robert | Chief Accounting Officer | Direct | Buy | 11172025 | 2.03 | 11,000 | 22,295 | 121,203 | Form |
| 2 | Williamson, Robert F Iii | RFW3 Revocable Trust | Buy | 11142025 | 2.10 | 9,498 | 19,946 | 20,714 | Form | |
| 3 | Williamson, Robert F Iii | Direct | Buy | 4012025 | 2.14 | 38,145 | 81,775 | 233,636 | Form | |
| 4 | Woods, Lori A | Woods Family Living Trust | Buy | 4012025 | 2.13 | 23,475 | 49,999 | 390,751 | Form | |
| 5 | Spoor, Johan M | Chief Executive Officer | Direct | Buy | 4012025 | 2.24 | 22,026 | 49,384 | 133,143 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hunt, Jonathan Robert | Chief Accounting Officer | Direct | Buy | 11172025 | 2.03 | 11,000 | 22,295 | 121,203 | Form |
| 2 | Williamson, Robert F Iii | RFW3 Revocable Trust | Buy | 11142025 | 2.10 | 9,498 | 19,946 | 20,714 | Form | |
| 3 | Williamson, Robert F Iii | Direct | Buy | 4012025 | 2.14 | 38,145 | 81,775 | 233,636 | Form | |
| 4 | Woods, Lori A | Woods Family Living Trust | Buy | 4012025 | 2.13 | 23,475 | 49,999 | 390,751 | Form | |
| 5 | Spoor, Johan M | Chief Executive Officer | Direct | Buy | 4012025 | 2.24 | 22,026 | 49,384 | 133,143 | Form |
| 6 | Spoor, Johan M | Chief Executive Officer | Child #1 | Buy | 4012025 | 2.21 | 4,650 | 10,288 | 10,288 | Form |
| 7 | Williamson, Robert F Iii | Direct | Buy | 4012025 | 2.27 | 22,192 | 50,376 | 160,800 | Form | |
| 8 | Graham, Juan | Chief Financial Officer | Direct | Buy | 4012025 | 2.25 | 33,333 | 74,946 | 79,490 | Form |
Investor Activity (13F)
Updated Aug 8, 2026Active 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 Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Avidity Partners Management LP | $25.2 Mil | 5.1% | 45 | ADD +88.4% | 13F |
| Spruce Street Capital LP | $11.0 Mil | 2.6% | 28 | New | 13F |
| Commodore Capital LP | $26.4 Mil | 1.5% | 36 | New | 13F |
| Patient Square Capital LP | $6.8 Mil | 1.2% | 29 | ADD +43.4% | 13F |
| TCG Crossover Management, LLC | $33.0 Mil | 0.9% | 49 | New | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| TCG Crossover Management, LLC | $33.0 Mil | 0.9% | 49 | New | 13F |
| Commodore Capital LP | $26.4 Mil | 1.5% | 36 | New | 13F |
| Spruce Street Capital LP | $11.0 Mil | 2.6% | 28 | New | 13F |
| Avidity Partners Management LP | $23.6 Mil | 5.3% | 46 | ADD +88.4% | 13F |
| Patient Square Capital LP | $6.8 Mil | 1.2% | 29 | ADD +43.4% | 13F |
| Active Manager |
|---|
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| TCG Crossover Management, LLC | $33.0 Mil | 0.9% | 49 | New | 13F |
| Commodore Capital LP | $26.4 Mil | 1.5% | 36 | New | 13F |
| Avidity Partners Management LP | $23.6 Mil | 5.3% | 46 | ADD +88.4% | 13F |
| Spruce Street Capital LP | $11.0 Mil | 2.6% | 28 | New | 13F |
| Patient Square Capital LP | $6.8 Mil | 1.2% | 29 | ADD +43.4% | 13F |
Industry Resources
| Health Care Resources |
| U.S. National Library of Medicine |
| ClinicalTrials.gov |
| Modern Healthcare |
| Healthcare Dive |
| Fierce Healthcare |
| Health Affairs |
| Health Data Management |
| FDA Tracker |
| Life Sciences Tools & Services Resources |
| GenomeWeb |
| BioSpace |
| The Scientist |
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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