Tearsheet

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

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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 -13%, 3Y Excs Rtn is -57%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -2.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.8%

Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 20x

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.1%, Rev Chg QQuarterly Revenue Change % is -2.8%

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 -6.6%

Key risks
CSBR key risks include [1] its dependency on volatile pharmaceutical and biotech research funding and [2] potential litigation claiming its products or technologies infringe on the intellectual property rights of others.

0 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -13%, 3Y Excs Rtn is -57%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -2.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.8%
3 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 20x
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.1%, Rev Chg QQuarterly Revenue Change % is -2.8%
5 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 -6.6%
6 Key risks
CSBR key risks include [1] its dependency on volatile pharmaceutical and biotech research funding and [2] potential litigation claiming its products or technologies infringe on the intellectual property rights of others.

CSBR in ETFs

Weight = CSBR's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/18/2026

Champions Oncology (CSBR) stock has gained about 5% since 2/28/2026 because of the following key factors:

1. Strong Core Revenue Growth and Sustained Adjusted EBITDA in Fiscal Q3 2026. Champions Oncology, which operates on a fiscal year ending April 30, reported robust financial results for its fiscal Q3 2026, ended January 31, 2026. The company announced on March 12, 2026, that core study revenue reached a record $16.6 million, representing approximately 32% year-over-year growth. Despite an earnings per share (EPS) miss of -$0.02 against an estimated $0.09, the market reacted positively, with the stock gaining 6.27% on March 13, 2026. This favorable response was likely driven by the company maintaining positive adjusted EBITDA for the third consecutive quarter and being on track for full-year revenue growth and positive adjusted EBITDA.

2. Strategic Reinforcement of Data-Driven Oncology and Board Expertise. The company strengthened its strategic direction in data-driven oncology with the appointment of Brian Alexander, MD, MPH, to its board of directors on March 30, 2026. Dr. Alexander brings significant experience from his previous roles, which is expected to advance Champions Oncology's initiatives in leveraging data and expanding its oncology platform. This move signals a commitment to enhancing its capabilities and fostering long-term growth in the precision oncology space.

Show more
Updated on 6/18/2026

Champions Oncology (CSBR) stock has gained about 5% since 2/28/2026 because of the following key factors:

1. Strong Core Revenue Growth and Sustained Adjusted EBITDA in Fiscal Q3 2026. Champions Oncology, which operates on a fiscal year ending April 30, reported robust financial results for its fiscal Q3 2026, ended January 31, 2026. The company announced on March 12, 2026, that core study revenue reached a record $16.6 million, representing approximately 32% year-over-year growth. Despite an earnings per share (EPS) miss of -$0.02 against an estimated $0.09, the market reacted positively, with the stock gaining 6.27% on March 13, 2026. This favorable response was likely driven by the company maintaining positive adjusted EBITDA for the third consecutive quarter and being on track for full-year revenue growth and positive adjusted EBITDA.

2. Strategic Reinforcement of Data-Driven Oncology and Board Expertise. The company strengthened its strategic direction in data-driven oncology with the appointment of Brian Alexander, MD, MPH, to its board of directors on March 30, 2026. Dr. Alexander brings significant experience from his previous roles, which is expected to advance Champions Oncology's initiatives in leveraging data and expanding its oncology platform. This move signals a commitment to enhancing its capabilities and fostering long-term growth in the precision oncology space.

3. Enhanced Scientific Visibility through AACR 2026 Presentations. Champions Oncology gained significant scientific visibility by presenting eight new studies at the American Association for Cancer Research (AACR) Annual Meeting, which took place from April 17 to 22, 2026. These presentations highlighted the company's innovative research across key areas of oncology drug development, including KRAS-mutant tumors, ovarian cancer, glioblastoma, radiopharmaceuticals, antibody-drug conjugates (ADCs), and CAR-T therapies. The company emphasized its use of patient-derived models and integrated molecular data to improve early-stage decision-making for biopharma partners, enhancing its scientific credibility and potential for future collaborations.

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Stock Movement Drivers

Fundamental Drivers

The 5.0% change in CSBR stock from 2/28/2026 to 6/22/2026 was primarily driven by a 6.6% change in the company's P/S Multiple.
(LTM values as of)22820266222026Change
Stock Price ($)5.966.255.0%
Change Contribution By: 
Total Revenues ($ Mil)5858-0.8%
P/S Multiple1.41.56.6%
Shares Outstanding (Mil)1414-0.7%
Cumulative Contribution5.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/22/2026
ReturnCorrelation
CSBR5.0% 
Market (SPY)8.8%19.0%
Sector (XLV)-5.9%27.4%

Fundamental Drivers

The -4.4% change in CSBR stock from 11/30/2025 to 6/22/2026 was primarily driven by a -5.5% change in the company's P/S Multiple.
(LTM values as of)113020256222026Change
Stock Price ($)6.546.25-4.4%
Change Contribution By: 
Total Revenues ($ Mil)57581.9%
P/S Multiple1.61.5-5.5%
Shares Outstanding (Mil)1414-0.7%
Cumulative Contribution-4.4%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/22/2026
ReturnCorrelation
CSBR-4.4% 
Market (SPY)9.5%13.5%
Sector (XLV)-4.0%14.9%

Fundamental Drivers

The 6.5% change in CSBR stock from 5/31/2025 to 6/22/2026 was primarily driven by a 9.1% change in the company's P/S Multiple.
(LTM values as of)53120256222026Change
Stock Price ($)5.876.256.5%
Change Contribution By: 
Total Revenues ($ Mil)5958-1.1%
P/S Multiple1.41.59.1%
Shares Outstanding (Mil)1414-1.3%
Cumulative Contribution6.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/22/2026
ReturnCorrelation
CSBR6.5% 
Market (SPY)27.7%10.3%
Sector (XLV)15.2%7.6%

Fundamental Drivers

The 20.0% change in CSBR stock from 5/31/2023 to 6/22/2026 was primarily driven by a 13.8% change in the company's P/S Multiple.
(LTM values as of)53120236222026Change
Stock Price ($)5.216.2520.0%
Change Contribution By: 
Total Revenues ($ Mil)54588.0%
P/S Multiple1.31.513.8%
Shares Outstanding (Mil)1414-2.4%
Cumulative Contribution20.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/22/2026
ReturnCorrelation
CSBR20.0% 
Market (SPY)85.1%12.1%
Sector (XLV)23.4%6.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CSBR Return-23%-46%25%52%-19%-9%-41%
Peers Return35%-30%18%-12%13%-14%-5%
S&P 500 Return27%-19%24%23%16%10%100%

Monthly Win Rates [3]
CSBR Win Rate50%25%58%50%42%50% 
Peers Win Rate66%38%47%37%58%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CSBR Max Drawdown-44%-60%-38%-45%-51%-27% 
Peers Max Drawdown-16%-48%-36%-35%-37%-33% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CRL, MEDP, LH, IQV, RXRX.
[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 6/22/2026 (YTD)

How Low Can It Go

EventCSBRS&P 500
2024 Yen Carry Trade Unwind
  % Loss-13.8%-7.8%
  % Gain to Breakeven16.0%8.5%
  Time to Breakeven120 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-28.1%-9.5%
  % Gain to Breakeven39.0%10.5%
  Time to Breakeven31 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-19.7%-24.5%
  % Gain to Breakeven24.5%32.4%
  Time to Breakeven60 days427 days
2020 COVID-19 Crash
  % Loss-42.1%-33.7%
  % Gain to Breakeven72.8%50.9%
  Time to Breakeven19 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-40.9%-12.2%
  % Gain to Breakeven69.1%13.9%
  Time to Breakeven840 days62 days
2014-2016 Oil Price Collapse
  % Loss-39.1%-6.8%
  % Gain to Breakeven64.2%7.3%
  Time to Breakeven901 days15 days

Compare to CRL, MEDP, LH, IQV, RXRX

In The Past

Champions Oncology's stock fell -13.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 16.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCSBRS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-28.1%-9.5%
  % Gain to Breakeven39.0%10.5%
  Time to Breakeven31 days24 days
2020 COVID-19 Crash
  % Loss-42.1%-33.7%
  % Gain to Breakeven72.8%50.9%
  Time to Breakeven19 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-40.9%-12.2%
  % Gain to Breakeven69.1%13.9%
  Time to Breakeven840 days62 days
2014-2016 Oil Price Collapse
  % Loss-39.1%-6.8%
  % Gain to Breakeven64.2%7.3%
  Time to Breakeven901 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-23.5%-17.9%
  % Gain to Breakeven30.8%21.8%
  Time to Breakeven33 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-20.2%-15.4%
  % Gain to Breakeven25.4%18.2%
  Time to Breakeven1 days125 days
2008-2009 Global Financial Crisis
  % Loss-70.0%-53.4%
  % Gain to Breakeven233.3%114.4%
  Time to Breakeven49 days1085 days

Compare to CRL, MEDP, LH, IQV, RXRX

In The Past

Champions Oncology's stock fell -13.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 16.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Champions Oncology (CSBR)

Champions Oncology, Inc. (CSBR) is a biotechnology company specializing in advanced solutions for oncology drug development and personalized cancer care. At the heart of its business is the proprietary Tumorgraft Technology Platform. This innovative platform involves implanting human tumor samples into immune-deficient mice, creating unique, living models that accurately reflect an individual patient's cancer or a specific tumor type.

The company leverages this technology to serve two distinct customer segments. For patients and physicians, Champions Oncology provides personalized cancer care services, using the tumorgraft models to test various treatment options and identify the most effective therapies for an individual's specific tumor. Concurrently, it offers Translational Oncology Solutions to pharmaceutical and biotechnology companies. Through this offering, the company assists drug developers in evaluating the efficacy of new drug candidates and accelerating their oncology drug development pipelines, thereby contributing to the creation of more targeted and effective cancer treatments.

AI Analysis | Feedback

Think of them as a highly specialized Charles River Laboratories (CRL), but exclusively focused on growing human tumors in mice to test cancer drugs.

It's like Foundation Medicine for cancer treatment, but they actually grow a patient's tumor in a mouse to test which drugs work best, rather than just analyzing genetics.

AI Analysis | Feedback

  • Personalized Cancer Care: Services based on the Tumorgraft Technology Platform, which involves implanting human tumors in immune-deficient mice to guide patient and physician treatment decisions.
  • Translational Oncology Solutions: Services leveraging the Tumorgraft Technology Platform to assist pharmaceutical and biotechnology companies in their drug development processes.

AI Analysis | Feedback

The major customers of Champions Oncology (CSBR) primarily fall into categories related to personalized cancer care. Based on the company's description, it markets its products to:

  1. Patients: Individuals seeking personalized cancer care and treatment insights based on the company's Tumorgraft Technology Platform.
  2. Physicians: Medical professionals who utilize or recommend Champions Oncology's personalized cancer care solutions for their patients.

AI Analysis | Feedback

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AI Analysis | Feedback

Champions Oncology Management Team

Rob Brainin, Chief Executive Officer

Rob Brainin leads Champions Oncology's mission to accelerate oncology drug development through advanced preclinical models and data-driven insights. He brings over two decades of leadership experience spanning genomics, diagnostics, and life sciences technology, with a career focused on leveraging data to improve patient care. Before joining Champions Oncology, Mr. Brainin served as Executive Vice President and Chief Business Officer at Veracyte, an oncology diagnostics company. He previously held the CEO position at Genuity Science (formerly WuXi NextCode), a genomics and therapeutic discovery firm, where he advanced the integration of clinical and molecular data to drive drug discovery and development. His experience also includes leading major genomics businesses as Vice President and General Manager at Illumina and Thermo Fisher Scientific, following Thermo Fisher's acquisition of Life Technologies, where he spent a decade building and scaling businesses. Mr. Brainin began his career as a management consultant at McKinsey & Co.

David Miller, Chief Financial Officer

David Miller serves as the Chief Financial Officer at Champions Oncology, Inc. Prior to his current role, Mr. Miller was the Vice President of Finance & Operations at Distribution Management Consolidators Worldwide LLC (DMCWW, LLC), which is described as a privately held growth equity firm specializing in providing growth capital to companies. From 2006 to 2010, he served as the Chief Financial Officer of NAF Funding, LLC. Earlier in his career, from 2000 to 2005, Mr. Miller was the Vice President of Finance & Operations at IDT Corp., where he was instrumental in establishing and expanding the consumer phone services division to over one million customers. He also served as an Assistant Vice President of the internal audit department at Deutsche Bank from 1997 to 1999 and held senior accountant positions at Schonbraun, Safris, Sternlieb, LLC and Margolin, Winer and Evans.

Maria Mancini, PhD, Chief Operating Officer

Dr. Maria Mancini joined Champions Oncology in March 2015 and currently serves as Chief Operating Officer. In this role, she oversees the drug testing and study conduct of pharmacology research initiatives, encompassing both preclinical and clinical studies.

Marianna Zipeto, PhD, Executive Vice President, Growth, Strategy & Enablement

Dr. Marianna Zipeto joined Champions Oncology in March 2020. As Executive Vice President of Growth, Strategy & Enablement, she is responsible for overseeing the translational oncology services business development team, corporate development, and marketing efforts. Before her tenure at Champions Oncology, Dr. Zipeto managed the scientific operations at a preclinical Contract Research Organization (CRO) and provided services as a management consultant for life science companies.

Philip Breitfeld, MD, Chief Strategy & Innovation Officer

Dr. Philip Breitfeld brings over 30 years of experience in the oncology field to his role as Chief Strategy & Innovation Officer at Champions Oncology. He most recently served as Global Vice President at IQVIA, where he was responsible for the Therapeutic Centers of Excellence. Previously, he led the Oncology Center of Excellence at IQVIA, engaging with numerous large, mid-size, and emerging biopharmaceutical firms. Dr. Breitfeld's background also includes senior clinical development positions at Merck KGaA (EMD Serono in the US), where he led oncology development in the US, and at BioCryst, where he led oncology development and held the title of Associate Chief Medical Officer.

AI Analysis | Feedback

The key risks to Champions Oncology (CSBR) primarily stem from the inherent challenges in its core technology, financial and operational pressures, and uncertainties surrounding its strategic investments.

1. Challenges and Limitations of Patient-Derived Xenograft (PDX) Models: Champions Oncology's business is fundamentally built upon its Tumorgraft Technology Platform, which utilizes patient-derived xenograft (PDX) models. These models, while valuable, face significant inherent challenges that can impact the reliability and utility of the company's services. These challenges include widespread quality issues such as model misidentification, cross-contamination between models, mycoplasma and viral infections, and elevated murine cell content, all of which can skew research results and drug efficacy studies. Furthermore, PDX models established in immune-compromised mice have limited applicability for immunologic research and are generally unsuitable for immune-oncology studies. Other limitations include difficulty in genetic manipulation, potential loss of tumor heterogeneity, selection bias, clonal evolution, stroma replacement, and variable tumor take rates, which can increase experimental time and cost. The translatability and predictive value of PDX models for clinical outcomes, especially for large sample sizes and diverse therapeutic mechanisms, are still subjects of ongoing evaluation.

2. Financial and Operational Pressures: Champions Oncology faces significant financial and operational challenges, particularly evidenced by declining gross margins and revenue variability. The company's gross margin fell substantially to 47% from 61% in a recent quarter, largely due to over $2 million in outsourced laboratory work, predominantly related to radiolabeling workflows. While management anticipates margin improvement as this work is brought in-house, it currently impacts profitability. Additionally, the absence of data revenue in certain quarters has driven overall revenue declines, and management has noted the variability of data revenue, indicating a dependence on large data deals. Without such deals, profitability can weaken. Increased operating expenses due to ongoing investments in research and development and commercial expansion have also contributed to net losses and negative earnings per share in recent periods.

3. Uncertainty Regarding Corellia Subsidiary Funding: The timing and securing of external funding for Corellia, Champions Oncology's wholly-owned discovery subsidiary, remain uncertain. Management has not provided a specific estimate for when external financing may occur. Delays or a failure to secure this funding could hinder the advancement of the company's drug discovery initiatives and potentially impact the redeployment of capital into other growth areas.

AI Analysis | Feedback

The emergence and increasing adoption of patient-derived organoids (PDOs) and tumoroids represent a clear emerging threat to Champions Oncology's business. PDOs are three-dimensional cell cultures derived directly from patient tumors, which can be grown *in vitro* to mimic the patient's original tumor biology. These models offer several advantages over traditional patient-derived xenograft (PDX) models, which form the core of Champions Oncology's Tumorgraft Technology Platform (implantation of human tumors in immune-deficient mice). PDOs are generally faster to establish, more cost-effective, offer higher throughput for drug screening, and can potentially be more representative of human physiology than mouse models for certain applications. As pharmaceutical companies and researchers increasingly utilize PDOs for drug development and personalized cancer care, it could diminish the demand for CSBR's *in vivo* PDX models.

AI Analysis | Feedback

Champions Oncology, Inc. (CSBR) operates within several significant addressable markets related to its Tumorgraft Technology Platform and Translational Oncology Solutions. The addressable market sizes for Champions Oncology's main products and services are as follows: * Patient-Derived Xenograft (PDX) Model Market: This market directly aligns with Champions Oncology's Tumorgraft Technology Platform. The global patient-derived xenograft model market size was estimated at USD 291.9 million in 2024 and is projected to reach USD 505.3 million by 2030, growing at a CAGR of 9.64% from 2025 to 2030. Another report valued the global PDX model market at USD 247.3 million in 2024, projected to grow to USD 475.2 million by 2030, at an 11.5% CAGR. The U.S. Patient-Derived Xenograft Model Market is expected to expand from USD 108.8 million in 2024 to approximately USD 201.6 million by 2030, with a CAGR of 10.8%. North America held a significant share of this market, accounting for 44.6% in 2024. * Personalized Cancer Medicine/Treatment Market: Champions Oncology's personalized cancer care, driven by its Tumorgraft platform, contributes to the broader personalized cancer medicine market. The global personalized cancer medicine market size was valued at USD 180 billion in 2022 and is projected to reach USD 507.2 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032. Another estimate valued the global personalized cancer treatment market at USD 181 billion in 2024, projected to reach USD 283 million by 2032, with a CAGR of 6.7%. The global precision oncology market, a related segment, was valued at USD 94.27 billion in 2022 and is predicted to reach USD 230.71 billion by 2031, at a 10.68% CAGR. * Oncology Drug Discovery & Development Market / Oncology Contract Research Organization (CRO) Market: Champions Oncology's Translational Oncology Solutions, which assist pharmaceutical and biotechnology companies with drug development, are part of this market. The global oncology drug discovery and development market is predicted to witness an 18.2% CAGR during the forecast period from 2025 to 2034. Additionally, the oncology CRO market was expected to reach USD 44 billion by 2021 globally. The global oncology drugs market size was valued at USD 193.04 billion in 2024 and is projected to grow to USD 503.13 billion by 2033, exhibiting a CAGR of 11.6% during the forecast period (2025-2033). North America accounted for the major share of the oncology drugs market with 43.67% in 2024.

AI Analysis | Feedback

Champions Oncology (CSBR) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

  1. Growth in Core Translational Oncology Solutions (TOS) Business: The company anticipates continued expansion in its core services, driven by an improving economic environment in the biotech sector. This is expected to lead to increased R&D budgets, higher customer engagement, more studies, and improved bookings-to-revenue conversion, reversing previous challenges with cancellations and smaller study sizes.

  2. Expansion and Monetization of the Data Platform: Champions Oncology is significantly investing in its data platform, including sequencing and related R&D, and expanding its commercial teams for data offerings. This strategic area, encompassing AI and data licensing, is projected to be a key growth lever, with tangible benefits and revenue recognition from data deals expected in the coming quarters and a more meaningful acceleration in fiscal 2028.

  3. Development of In-house Radiolabeling and Radiopharmaceutical Capabilities: The company is building out its radiopharmaceutical capabilities and aims to bring outsourced radiolabeling work in-house. This move is expected to tap into emerging oncology modalities, broaden long-term growth drivers, and improve gross margins as the associated costs decline.

  4. Progress with Corellia, the Target Discovery Subsidiary: Corellia, Champions Oncology's wholly-owned subsidiary focused on target discovery and technology-enabled research solutions, is seen as a significant future growth driver. While the timing of external funding remains uncertain, internal investments are ongoing, with a payoff from these investments anticipated to begin showing in fiscal 2027 and accelerate in fiscal 2028.

AI Analysis | Feedback

Share Repurchases

  • Champions Oncology, Inc. authorized a share repurchase program on April 5, 2023, to purchase up to $5 million of its common stock through April 30, 2024.

Share Issuance

  • The number of common shares outstanding was 13,777,170 as of July 21, 2025.
  • As of December 11, 2025, the number of shares outstanding increased to 13,886,326.
  • Director stock options were granted on various dates, including November 5, 2025, for 13,790 shares at an exercise price of $6.80 per share, and on November 6, 2025, a director acquired 94,405 shares via a $2.1 exercise. These grants contribute to the overall share issuance over time.

Capital Expenditures

  • Capital expenditures in the most recent quarter amounted to approximately $0.242 million.
  • Over the past twelve months, capital expenditures were approximately -$435,000.00.
  • The company invested approximately $6.8 million in fiscal year 2025 and $9.5 million in fiscal year 2024 in research and development, primarily focused on expanding its TumorBank and developing artificial intelligence, data structures, and analytics for its platforms.

Better Bets vs. Champions Oncology (CSBR)

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CSBRCRLMEDPLHIQVRXRXMedian
NameChampion.Charles .Medpace Labcorp IQVIA Recursio. 
Mkt Price6.25181.56455.66254.43167.813.18174.69
Mkt Cap0.18.913.020.928.31.710.9
Rev LTM584,0272,67814,14416,632663,353
Op Inc LTM-24465631,5712,327-585505
FCF LTM43917111,3842,116-328551
FCF 3Y Avg-14565751,0681,968-353516
CFO LTM46077391,8142,704-321673
CFO 3Y Avg-16966091,5412,573-342652

Growth & Margins

CSBRCRLMEDPLHIQVRXRXMedian
NameChampion.Charles .Medpace Labcorp IQVIA Recursio. 
Rev Chg LTM-1.1%0.1%24.2%7.3%7.3%9.9%7.3%
Rev Chg 3Y Avg3.2%-0.5%19.9%6.4%4.7%13.1%5.5%
Rev Chg Q-2.8%1.2%26.5%5.8%8.4%-57.5%3.5%
QoQ Delta Rev Chg LTM-0.8%0.3%5.9%1.4%2.0%-11.5%0.8%
Op Inc Chg LTM-133.1%14.1%23.4%37.6%2.4%-2.0%8.3%
Op Inc Chg 3Y Avg-48.5%-10.7%23.3%5.1%8.8%-33.1%-2.8%
Op Mgn LTM-3.8%11.1%21.0%11.1%14.0%-890.3%11.1%
Op Mgn 3Y Avg-3.4%11.6%20.1%9.6%14.2%-894.1%10.6%
QoQ Delta Op Mgn LTM-8.1%1.1%-0.1%0.2%-0.0%-17.5%-0.1%
CFO/Rev LTM7.6%15.1%27.6%12.8%16.3%-488.2%13.9%
CFO/Rev 3Y Avg-1.6%17.2%26.8%11.6%16.3%-612.9%14.0%
FCF/Rev LTM6.6%9.7%26.5%9.8%12.7%-499.1%9.8%
FCF/Rev 3Y Avg-3.0%11.3%25.2%8.0%12.5%-633.5%9.6%

Valuation

CSBRCRLMEDPLHIQVRXRXMedian
NameChampion.Charles .Medpace Labcorp IQVIA Recursio. 
Mkt Cap0.18.913.020.928.31.710.9
P/S1.52.24.81.51.725.62.0
P/Op Inc-39.019.923.013.312.1-2.912.7
P/EBIT-39.0-149.323.015.212.0-3.04.5
P/E-38.1-48.128.222.220.4-3.08.7
P/CFO19.814.617.511.510.5-5.213.1
Total Yield-2.6%-2.1%3.6%5.6%4.9%-33.3%0.7%
Dividend Yield0.0%0.0%0.0%1.1%0.0%0.0%0.0%
FCF Yield 3Y Avg-1.9%5.0%4.9%5.3%6.0%-17.7%5.0%
D/E0.10.30.00.30.60.00.2
Net D/E-0.00.3-0.00.30.5-0.30.1

Returns

CSBRCRLMEDPLHIQVRXRXMedian
NameChampion.Charles .Medpace Labcorp IQVIA Recursio. 
1M Rtn4.0%13.3%5.3%-1.8%-0.1%5.6%4.6%
3M Rtn4.9%14.9%-0.3%-3.5%0.5%-1.5%0.1%
6M Rtn-13.8%-10.6%-20.3%0.3%-25.2%-27.7%-17.0%
12M Rtn-24.6%23.1%47.3%-1.8%8.5%-36.8%3.3%
3Y Rtn3.3%-12.6%104.0%11.2%-21.6%-56.8%-4.7%
1M Excs Rtn2.8%15.8%7.5%-1.4%-2.7%6.9%4.8%
3M Excs Rtn-8.2%3.4%-14.2%-17.8%-13.8%-17.0%-14.0%
6M Excs Rtn-12.3%-18.5%-29.4%-11.2%-35.4%-43.2%-24.0%
12M Excs Rtn-50.5%0.0%25.6%-26.6%-16.4%-62.7%-21.5%
3Y Excs Rtn-57.5%-83.4%37.8%-55.8%-92.0%-138.6%-70.4%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Oncology services5750   
Other Translational Oncology Solutions (TOS) revenue  321
Personalized oncology services  000
Pharmacology services  514739
Total5750544941


Operating Income by Segment
$ Mil20172016201520142013
Personalized oncology services-0    
Translational Oncology Solutions-1-4-431
Unallocated Corporate Overhead-5-6-6-7-5
Personalized Oncology Solutions -1-3-2-2
Total-7-10-13-6-6


Price Behavior

Price Behavior
Market Price$6.25 
Market Cap ($ Bil)0.1 
First Trading Date02/23/2007 
Distance from 52W High-29.9% 
   50 Days200 Days
DMA Price$6.01$6.39
DMA Trenddownup
Distance from DMA4.0%-2.2%
 3M1YR
Volatility48.3%66.0%
Downside Capture38.06113.33
Upside Capture37.6049.17
Correlation (SPY)12.9%10.4%
CSBR Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta0.640.560.600.640.540.52
Up Beta1.46-0.23-0.400.020.650.83
Down Beta0.131.171.460.86-0.030.71
Up Capture11%52%56%55%50%5%
Bmk +ve Days13283667141432
Stock +ve Days9182652106338
Down Capture107%198%105%113%91%43%
Bmk -ve Days7132757109318
Stock -ve Days11223466133381

[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 CSBR
CSBR-29.6%63.9%-0.31-
Sector ETF (XLV)14.7%15.0%0.7010.3%
Equity (SPY)26.1%12.4%1.5912.0%
Gold (GLD)24.1%27.5%0.778.1%
Commodities (DBC)18.5%18.8%0.77-3.3%
Real Estate (VNQ)11.8%13.8%0.579.9%
Bitcoin (BTCUSD)-40.2%42.5%-1.099.5%

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 CSBR
CSBR-8.4%63.6%0.12-
Sector ETF (XLV)5.5%14.7%0.197.9%
Equity (SPY)13.4%17.1%0.6111.3%
Gold (GLD)17.1%18.3%0.764.2%
Commodities (DBC)7.5%19.4%0.282.6%
Real Estate (VNQ)2.1%18.9%0.019.7%
Bitcoin (BTCUSD)9.4%54.1%0.377.5%

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 CSBR
CSBR10.3%68.4%0.44-
Sector ETF (XLV)9.5%16.6%0.4620.6%
Equity (SPY)15.4%18.0%0.7322.0%
Gold (GLD)12.2%16.1%0.622.8%
Commodities (DBC)6.0%18.0%0.269.5%
Real Estate (VNQ)5.4%20.7%0.2318.1%
Bitcoin (BTCUSD)59.9%66.8%1.007.9%

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

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 5152026-4.9%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest6.6 days
Basic Shares Quantity13.9 Mil
Short % of Basic Shares0.6%

Earnings Returns History

Updated 6/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/12/20266.3%8.0%0.0%
12/15/2025-13.7%-7.1%-8.0%
9/15/2025-16.0%-18.7%-20.4%
7/23/2025-14.2%-17.3%-4.4%
3/11/2025-2.5%-1.8%-13.6%
12/11/2024-11.6%18.3%65.6%
9/11/20249.6%5.2%15.2%
7/18/20242.5%-2.2%-8.7%
...
SUMMARY STATS   
# Positive131313
# Negative111111
Median Positive5.4%5.8%10.2%
Median Negative-4.4%-4.9%-8.0%
Max Positive9.6%20.5%65.6%
Max Negative-31.0%-43.8%-35.5%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/12/20266.3%8.0%0.0%
12/15/2025-13.7%-7.1%-8.0%
9/15/2025-16.0%-18.7%-20.4%
7/23/2025-14.2%-17.3%-4.4%
3/11/2025-2.5%-1.8%-13.6%
12/11/2024-11.6%18.3%65.6%
9/11/20249.6%5.2%15.2%
7/18/20242.5%-2.2%-8.7%
3/12/2024-3.0%-10.1%-13.2%
12/12/20235.4%-1.1%45.6%
9/13/2023-1.5%-2.7%10.2%
7/24/20230.0%1.4%3.1%
3/15/2023-2.4%1.2%17.1%
12/13/2022-31.0%-43.8%-35.5%
9/8/20222.1%20.5%3.3%
7/21/20228.1%5.8%12.0%
3/15/20228.2%7.5%6.3%
12/13/20210.7%1.9%-1.4%
9/13/20210.3%1.9%0.1%
7/22/20212.3%4.9%-1.1%
3/11/20218.1%20.0%3.2%
12/14/2020-1.3%-3.6%-2.8%
9/14/20209.2%12.1%22.0%
7/27/2020-4.4%-4.9%-4.5%
SUMMARY STATS   
# Positive131313
# Negative111111
Median Positive5.4%5.8%10.2%
Median Negative-4.4%-4.9%-8.0%
Max Positive9.6%20.5%65.6%
Max Negative-31.0%-43.8%-35.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
01/31/202603/12/202610-Q
10/31/202512/15/202510-Q
07/31/202509/15/202510-Q
04/30/202507/23/202510-K
01/31/202503/17/202510-Q
10/31/202412/16/202410-Q
07/31/202409/13/202410-Q
04/30/202407/19/202410-K
01/31/202403/15/202410-Q
10/31/202312/13/202310-Q
07/31/202309/13/202310-Q
04/30/202307/24/202310-K
01/31/202303/16/202310-Q
10/31/202212/13/202210-Q
07/31/202209/12/202210-Q
04/30/202207/22/202210-K
Collapse to Preview
Report DateFiling DateFiling
01/31/202603/12/202610-Q
10/31/202512/15/202510-Q
07/31/202509/15/202510-Q
04/30/202507/23/202510-K
01/31/202503/17/202510-Q
10/31/202412/16/202410-Q
07/31/202409/13/202410-Q
04/30/202407/19/202410-K
01/31/202403/15/202410-Q
10/31/202312/13/202310-Q
07/31/202309/13/202310-Q
04/30/202307/24/202310-K
01/31/202303/16/202310-Q
10/31/202212/13/202210-Q
07/31/202209/12/202210-Q
04/30/202207/22/202210-K
01/31/202203/15/202210-Q
10/31/202112/13/202110-Q
07/31/202109/13/202110-Q
04/30/202107/26/202110-K
01/31/202103/15/202110-Q
10/31/202012/14/202010-Q
07/31/202009/14/202010-Q
04/30/202007/28/202010-K
01/31/202003/16/202010-Q
10/31/201912/16/201910-Q
07/31/201909/16/201910-Q
04/30/201907/29/201910-K

Recent Forward Guidance

Updated 5/31/2026

Latest: Q3 2026 Earnings Reported 3/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue Growth      
2026 Adjusted EBITDA      

Prior: Q2 2026 Earnings Reported 12/15/2025

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Core Cache Last Updated: 6/22/2026