Precision BioSciences (DTIL)
Market Price (6/19/2026): $6.76 | Market Cap: $166.5 MilSector: Health Care | Industry: Biotechnology
Precision BioSciences (DTIL)
Market Price (6/19/2026): $6.76Market Cap: $166.5 MilSector: Health CareIndustry: Biotechnology
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 -57% Megatrend and thematic driversMegatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Biopharmaceutical R&D, Show more. | Weak multi-year price returns2Y Excs Rtn is -78%, 3Y Excs Rtn is -140% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -39 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -87% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 20% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -130%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -131% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 60% 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 -30% Key risksDTIL key risks include [1] significant financial challenges, 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 -57% |
| Megatrend and thematic driversMegatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Biopharmaceutical R&D, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -78%, 3Y Excs Rtn is -140% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -39 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -87% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -130%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -131% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 60% |
| 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 -30% |
| Key risksDTIL key risks include [1] significant financial challenges, Show more. |
Qualitative Assessment
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Precision BioSciences (DTIL) stock has gained about 60% since 2/28/2026 because of the following key factors:
1. Advancement of PBGENE-DMD Program for Duchenne Muscular Dystrophy.
Precision BioSciences received U.S. Investigational New Drug (IND) clearance for PBGENE-DMD in early fiscal Q1 2026, an in vivo gene-editing program for Duchenne muscular dystrophy (DMD). This was followed by the U.S. Food and Drug Administration (FDA) granting Fast Track designation to PBGENE-DMD on March 9, 2026, which aims to facilitate development for serious conditions with unmet medical needs. Subsequently, in late fiscal Q1/early fiscal Q2 2026 (April 29, 2026), the first clinical trial site was activated and patient enrollment commenced for the Phase 1/2 FUNCTION-DMD study. Further preclinical data presented in May 2026 supported these advancements, highlighting durable dystrophin expression and functional benefits.
2. Promising Clinical Data from PBGENE-HBV Program.
Precision BioSciences presented new and late-breaking clinical data from its Phase 1 ELIMINATE-B trial for PBGENE-HBV, a hepatitis B viral elimination program, at the European Association for the Study of the Liver (EASL) Congress 2026, held from May 27-30, 2026. The data revealed a 1-log (10-fold) reduction in cccDNA-derived transcripts after two 0.4 mg/kg doses. Additionally, the program demonstrated durable pgRNA loss in 100% of evaluable patients (n=6) and substantial hepatitis B surface antigen (HBsAg) declines in all treated patients (n=15).
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Precision BioSciences (DTIL) stock has gained about 60% since 2/28/2026 because of the following key factors:
1. Advancement of PBGENE-DMD Program for Duchenne Muscular Dystrophy.
Precision BioSciences received U.S. Investigational New Drug (IND) clearance for PBGENE-DMD in early fiscal Q1 2026, an in vivo gene-editing program for Duchenne muscular dystrophy (DMD). This was followed by the U.S. Food and Drug Administration (FDA) granting Fast Track designation to PBGENE-DMD on March 9, 2026, which aims to facilitate development for serious conditions with unmet medical needs. Subsequently, in late fiscal Q1/early fiscal Q2 2026 (April 29, 2026), the first clinical trial site was activated and patient enrollment commenced for the Phase 1/2 FUNCTION-DMD study. Further preclinical data presented in May 2026 supported these advancements, highlighting durable dystrophin expression and functional benefits.
2. Promising Clinical Data from PBGENE-HBV Program.
Precision BioSciences presented new and late-breaking clinical data from its Phase 1 ELIMINATE-B trial for PBGENE-HBV, a hepatitis B viral elimination program, at the European Association for the Study of the Liver (EASL) Congress 2026, held from May 27-30, 2026. The data revealed a 1-log (10-fold) reduction in cccDNA-derived transcripts after two 0.4 mg/kg doses. Additionally, the program demonstrated durable pgRNA loss in 100% of evaluable patients (n=6) and substantial hepatitis B surface antigen (HBsAg) declines in all treated patients (n=15).
3. Stronger Fiscal Q1 2026 Financial Performance.
The company reported robust financial results for fiscal Q1 2026 (ended March 31, 2026) on May 5, 2026. Total revenues surged to $10.8 million, a substantial increase from $0.03 million reported in fiscal Q1 2025, driven by a TG Therapeutics license and a legacy agriculture collaboration. The net loss attributable to stockholders also improved to $(18.4) million, compared to $(20.6) million in fiscal Q1 2025, with diluted loss per share improving to $(0.75) from $(2.21) year-over-year. Precision BioSciences also maintained a cash, cash equivalents, and restricted cash balance of approximately $126 million as of March 31, 2026, with an anticipated cash runway extending through 2028.
4. Favorable Analyst Ratings and Price Target Increases.
Throughout the specified period, multiple Wall Street analysts maintained a positive outlook on Precision BioSciences, with a consensus of "Strong Buy" or "Buy" ratings. Analysts issued median price targets for DTIL stock as high as $20.00, with some projections ranging up to $60.00. These targets implied a significant potential upside for the stock, with one estimate indicating a 222.1% upside from a stock price of $6.21 as of June 16, 2026. Notably, Oppenheimer initiated coverage with an "Outperform" rating and a $20.00 price target on June 9, 2026.
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Stock Movement Drivers
Fundamental Drivers
The 62.1% change in DTIL stock from 2/28/2026 to 6/18/2026 was primarily driven by a 6357.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 6182026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.20 | 6.81 | 62.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1 | 45 | 6357.4% |
| P/S Multiple | 71.1 | 3.7 | -94.8% |
| Shares Outstanding (Mil) | 12 | 25 | -52.0% |
| Cumulative Contribution | 62.1% |
Market Drivers
2/28/2026 to 6/18/2026| Return | Correlation | |
|---|---|---|
| DTIL | 62.1% | |
| Market (SPY) | 9.2% | 19.2% |
| Sector (XLV) | -6.4% | 9.0% |
Fundamental Drivers
The 25.2% change in DTIL stock from 11/30/2025 to 6/18/2026 was primarily driven by a 6357.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 11302025 | 6182026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.44 | 6.81 | 25.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1 | 45 | 6357.4% |
| P/S Multiple | 92.1 | 3.7 | -96.0% |
| Shares Outstanding (Mil) | 12 | 25 | -52.0% |
| Cumulative Contribution | 25.2% |
Market Drivers
11/30/2025 to 6/18/2026| Return | Correlation | |
|---|---|---|
| DTIL | 25.2% | |
| Market (SPY) | 9.9% | 16.7% |
| Sector (XLV) | -4.4% | 14.0% |
Fundamental Drivers
The 41.0% change in DTIL stock from 5/31/2025 to 6/18/2026 was primarily driven by a 324.1% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6182026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.83 | 6.81 | 41.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 51 | 45 | -11.9% |
| P/S Multiple | 0.9 | 3.7 | 324.1% |
| Shares Outstanding (Mil) | 9 | 25 | -62.3% |
| Cumulative Contribution | 41.0% |
Market Drivers
5/31/2025 to 6/18/2026| Return | Correlation | |
|---|---|---|
| DTIL | 41.0% | |
| Market (SPY) | 28.1% | 21.6% |
| Sector (XLV) | 14.6% | 15.0% |
Fundamental Drivers
The -69.3% change in DTIL stock from 5/31/2023 to 6/18/2026 was primarily driven by a -84.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312023 | 6182026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.20 | 6.81 | -69.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 31 | 45 | 47.5% |
| P/S Multiple | 2.7 | 3.7 | 38.1% |
| Shares Outstanding (Mil) | 4 | 25 | -84.9% |
| Cumulative Contribution | -69.3% |
Market Drivers
5/31/2023 to 6/18/2026| Return | Correlation | |
|---|---|---|
| DTIL | -69.3% | |
| Market (SPY) | 85.7% | 13.0% |
| Sector (XLV) | 22.9% | 11.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DTIL Return | -11% | -84% | -69% | -65% | 9% | 56% | -97% |
| Peers Return | -8% | -58% | -5% | -46% | 10% | 31% | -72% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 98% |
Monthly Win Rates [3] | |||||||
| DTIL Win Rate | 33% | 17% | 33% | 33% | 58% | 50% | |
| Peers Win Rate | 40% | 33% | 43% | 33% | 53% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DTIL Max Drawdown | -53% | -88% | -80% | -79% | -52% | -28% | |
| Peers Max Drawdown | -59% | -65% | -55% | -66% | -61% | -34% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CRSP, NTLA, BEAM, EDIT, ALLO.
[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 6/18/2026 (YTD)
How Low Can It Go
| Event | DTIL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.1% | -18.8% |
| % Gain to Breakeven | 33.6% | 23.1% |
| Time to Breakeven | 13 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -13.1% | -7.8% |
| % Gain to Breakeven | 15.1% | 8.5% |
| Time to Breakeven | 13 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -50.7% | -9.5% |
| % Gain to Breakeven | 102.8% | 10.5% |
| Time to Breakeven | 126 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.4% | -33.7% |
| % Gain to Breakeven | 76.8% | 50.9% |
| Time to Breakeven | 67 days | 140 days |
In The Past
Precision BioSciences's stock fell -25.1% during the 2025 US Tariff Shock. Such a loss loss requires a 33.6% gain to breakeven.
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Asset Allocation
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| Event | DTIL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.1% | -18.8% |
| % Gain to Breakeven | 33.6% | 23.1% |
| Time to Breakeven | 13 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -50.7% | -9.5% |
| % Gain to Breakeven | 102.8% | 10.5% |
| Time to Breakeven | 126 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.4% | -33.7% |
| % Gain to Breakeven | 76.8% | 50.9% |
| Time to Breakeven | 67 days | 140 days |
In The Past
Precision BioSciences's stock fell -25.1% during the 2025 US Tariff Shock. Such a loss loss requires a 33.6% 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 Precision BioSciences (DTIL)
Precision BioSciences (DTIL) is a clinical-stage gene editing company focused on developing advanced therapeutic solutions for serious diseases. The company leverages its proprietary ARCUS genome editing platform to pursue two primary therapeutic strategies: in vivo gene editing to directly correct genetic disorders within the body, and ex vivo allogeneic CAR T immunotherapies designed to combat various cancers.
The company's main products include a pipeline of "off-the-shelf" allogeneic CAR T cell therapies. For instance, PBCAR0191 is in clinical trials for adult patients with relapsed/refractory non-Hodgkin lymphoma or B-cell precursor acute lymphoblastic leukemia, while PBCAR269A targets relapsed/refractory multiple myeloma. These therapies genetically engineer T cells to specifically recognize and eliminate cancer cells. Additionally, through its ARCUS platform, Precision BioSciences is developing gene editing therapies aimed at addressing the root causes of inherited genetic diseases.
Precision BioSciences primarily serves patients suffering from severe hematological cancers and those afflicted with genetic disorders for which current treatments are inadequate. Operating within the cutting-edge fields of cell and gene therapy, the company aims to deliver transformative medical solutions. Strategic collaborations, such as those with Servier for CAR T therapies and iECURE for gene editing, further expand its development efforts and potential market reach across these critical therapeutic areas.
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Here are 1-3 brief analogies to describe Precision BioSciences (DTIL):
- Like a **CRISPR Therapeutics**, but using its unique ARCUS gene-editing platform.
- The 'off-the-shelf' **Kite Pharma** (now Gilead), developing universal CAR T cancer therapies.
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- ARCUS: A genome editing platform designed to cure genetic disorders.
- PBCAR0191: An allogeneic CAR T immunotherapy in clinical trials for R/R NHL or R/R B-cell precursor acute lymphoblastic leukemia (B-ALL).
- PBCAR19B: An anti-CD19 CAR T candidate utilizing a stealth cell platform to minimize the risk of chromosome abnormalities.
- PBCAR269A: An investigational allogeneic CAR T immunotherapy targeting BCMA for the treatment of R/R multiple myeloma.
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Precision BioSciences (DTIL) is a clinical-stage gene editing company. Its therapies are currently in development and clinical trials, meaning it does not directly sell commercial products to individuals (patients) at this time. Instead, it generates revenue primarily through development and commercial license agreements with other companies.
Based on the provided information, its major customers/partners are:
- Servier (private company)
- Tiziana Life Sciences (NASDAQ: TLSA)
- iECURE, Inc. (private company)
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Tiziana Life Sciences (TLSA)
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Michael Amoroso, President, Chief Executive Officer
Michael Amoroso was appointed President and Chief Executive Officer of Precision BioSciences in October 2021. He is a seasoned biotech CEO with significant operational experience in leading organizations focused on cell and gene therapies, particularly in oncology. Prior to joining Precision BioSciences, he served as President and Chief Executive Officer of Abeona Therapeutics, Inc., a gene and cell therapy company. Before that, he was the Senior Vice President and Chief Commercial Officer at Kite Pharma, Inc., where he was responsible for the global commercialization of the CAR T-cell therapy, YESCARTA®. His career also includes various senior-level executive positions at leading biopharmaceutical companies such as Eisai Inc., Celgene Corporation (now a subsidiary of Bristol-Myers Squibb Company), and Aventis (now Sanofi S.A.). Mr. Amoroso earned an Executive M.B.A. in Management from the Stern School of Business, New York University, and a B.A. in Biological Sciences, summa cum laude, from Rider University.
Alex Kelly, Chief Financial Officer
Alex Kelly has served as Chief Financial Officer of Precision BioSciences since May 2021, after joining the company in October 2020 as Chief Corporate Affairs Officer and serving as Interim CFO from December 2020. Before his tenure at Precision BioSciences, Mr. Kelly was Executive Vice President, Corporate Affairs and Chief Communications Officer at Allergan, where he also served as President of The Allergan Foundation. He played a key role in developing company messaging and supported major transformations, including Allergan's merger with AbbVie. Previously, he was Senior Vice President, Chief Integration Officer for Actavis, where he led integration efforts for the acquisitions of Forest Laboratories and Allergan. He also held the position of Senior Vice President, Chief Communications Officer, Public Affairs and Investor Relations at Forest Laboratories, building a consolidated corporate communications and investor relations team and overseeing integration efforts during Forest Labs' acquisition of Aptalis Pharma. Mr. Kelly has held additional senior communications and investor relations roles at companies including Bausch + Lomb, Merck, Schering-Plough, Novartis, Pharmacia, and Pharmacia & Upjohn. He holds a Bachelor of Science in Pharmacy from Purdue University.
Cindy Atwell, Chief Development and Business Officer
Cindy Atwell was appointed Chief Development and Business Officer in January 2025, with responsibilities encompassing all development functions, including clinical, translational, regulatory, program leadership, and business development and alliance oversight. She joined Precision BioSciences in 2019 as Vice President of Business Development and was promoted to Chief Business Officer in 2022. Ms. Atwell brings over two decades of multi-disciplinary experience in the biopharma industry, including business development and clinical research roles at companies such as Halozyme, AbbVie, and Amylin. She has been instrumental in securing multiple partnerships and business development deals for Precision. She holds an MBA from the University of California, San Diego, and a Bachelor of Science in biochemistry and molecular biology from the Pennsylvania State University.
Jeff Smith, Ph.D., Chief Research Officer
Jeff Smith, Ph.D., is a co-founder of Precision BioSciences. He was formerly the Chief Technology Officer and was promoted to Chief Research Officer in September 2022, taking responsibility for the management and direction of the company's research programs. Dr. Smith, along with co-founder Derek Jantz, built Precision BioSciences from its inception and was involved in optimizing the ARCUS gene editing platform for therapeutic use.
Cassie Gorsuch, Ph.D., Chief Scientific Officer
Cassie Gorsuch, Ph.D., was promoted to Chief Scientific Officer in January 2025, overseeing non-clinical development and gene therapy discovery. In this role, she is responsible for preclinical proof of concept and IND-enabling data to support the advancement of programs into clinical studies. Prior to her promotion, Dr. Gorsuch served as Precision's Vice President of Gene Therapy Discovery. She has been a key figure in advancing the PBGENE-HBV program through preclinical studies and into clinical trials.
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Clinical Trial Failure and Regulatory Approval
As a clinical-stage gene editing company, Precision BioSciences's success is critically dependent on the successful development and regulatory approval of its investigational gene editing and allogeneic CAR T therapies. All of its product candidates, including PBCAR0191, PBCAR19B, and PBCAR269A, are in early-stage clinical trials (e.g., Phase 1/2a). Clinical trials are inherently risky, expensive, and time-consuming, with a high rate of failure, especially in early phases. Achieving regulatory approval requires demonstrating both efficacy and a clean safety profile, free from toxicities, unwanted immune responses, or off-target effects. Adverse results from clinical trials or difficulties in obtaining regulatory approvals would significantly harm the company's business and prospects. Regulatory challenges are a sector-specific risk for biotechnology development.
Technological Challenges and Platform-Specific Risks
Precision BioSciences relies on its ARCUS genome editing platform and ex vivo allogeneic CAR T immunotherapy approach, which are complex and relatively novel technologies. These technologies present inherent risks, including the potential for off-target editing effects by the ARCUS platform, unintended changes to the genome, or large rearrangements of DNA. For allogeneic CAR T therapies, specific challenges include the risk of graft versus host disease (GVHD), rejection of the CAR T product by the recipient's immune system leading to poor persistence and decreased efficacy, and manufacturing hurdles. Such fundamental issues with the underlying technology or platform could impact the entire pipeline of drug candidates and limit the ability to demonstrate an incredibly clean safety profile required for approval.
Financial Viability
Precision BioSciences faces significant financial risks, characterized by a history of losses and indicators of weak financial strength. The company has a poor financial strength grade, a significantly negative operating margin, and a high debt-to-equity ratio. Its Altman Z-Score places it in the distress zone, implying a potential risk of bankruptcy within the next two years. The company has combined a trailing twelve-month loss of US$46.6 million with expectations for ongoing earnings declines, making profitability a key concern. There is also a chronic threat of dilution if the company needs to raise capital through secondary offerings due to its high anticipated future cash burn and speculative growth status.
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The successful clinical development and potential regulatory approval of competing allogeneic CAR T cell therapies by other pharmaceutical or biotechnology companies that demonstrate superior efficacy, safety, or manufacturing advantages for the treatment of hematological cancers such as non-Hodgkin lymphoma, B-cell acute lymphoblastic leukemia, or multiple myeloma.
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Precision BioSciences (DTIL) anticipates several key drivers for future revenue growth over the next two to three years, primarily stemming from the advancement of its proprietary ARCUS genome editing platform and strategic collaborations.
Here are the expected drivers of future revenue growth:
- Clinical Development and Potential Commercialization of Wholly-Owned *in vivo* Gene Editing Programs: The progression of Precision BioSciences' lead wholly-owned *in vivo* gene editing programs is a significant expected revenue driver. Specifically, the company has initiated a Phase 1 clinical trial for PBGENE-HBV, targeting chronic Hepatitis B, with data expected throughout 2025 and 2026. Additionally, PBGENE-PMM for Primary Mitochondrial Myopathy (m.3243 mitochondrial disease) is on track for Investigational New Drug (IND) or Clinical Trial Application (CTA) submission in 2025, with Phase 1 data anticipated in 2025 and 2026. Furthermore, PBGENE-DMD for Duchenne Muscular Dystrophy received FDA Fast Track designation and IND clearance for a Phase 1/2 clinical trial in early March 2026, with initial clinical data expected by year-end 2026. Successful clinical milestones and eventual commercialization or out-licensing of these programs are crucial for future revenue.
- New and Existing Collaboration and Licensing Agreements: Precision BioSciences has a history of generating revenue through strategic partnerships and licensing agreements related to its ARCUS platform. Recent examples include monetization of CAR T assets through deals with TG Therapeutics, Caribou Biosciences, and Imugene, which have provided upfront and potential near-term payments. The completion of collaborations, such as with Novartis, has also resulted in significant revenue recognition. Continued execution of such agreements, including milestone payments and potential royalties from existing or new collaborations for various gene editing applications, is expected to contribute to revenue growth. The collaboration with iECURE for Ornithine Transcarbamylase (OTC) Deficiency is another partnered program advancing clinically.
- Expansion of the ARCUS Platform into New Therapeutic Areas and Indications: The versatility and unique characteristics of the ARCUS genome editing platform enable the development of novel *in vivo* gene editing therapies for a broad spectrum of genetic and infectious diseases. The company's ability to apply ARCUS to new disease targets, either through wholly-owned development or new partnerships, represents an ongoing driver for future revenue growth as it expands its market reach and potential product pipeline.
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Share Issuance
- In January 2021, Eli Lilly made a $35 million equity investment in Precision BioSciences as part of a collaboration agreement.
- As part of a strategic transaction with TG Therapeutics in January 2024, Precision BioSciences received an upfront payment that included the purchase of 2,920,816 shares of Precision common stock.
- In November 2025, Precision BioSciences agreed to sell 10,815,000 shares of its common stock and accompanying warrants, along with pre-funded warrants to purchase up to 1,400,000 shares, through an underwritten offering to fund research and development, working capital, and general corporate purposes.
Inbound Investments
- Precision BioSciences received a $100 million upfront cash payment from Eli Lilly in January 2021, in addition to a $35 million equity investment, as part of a genome editing research collaboration.
- In January 2024, Precision BioSciences secured upfront and potential near-term economics valued at $17.5 million from TG Therapeutics for an exclusive license, which included a cash payment and an equity investment.
- On October 31, 2025, Precision BioSciences received an $8 million milestone payment in cash and stock from Imugene.
Capital Expenditures
- In the last 12 months (prior to March 2026), capital expenditures for Precision BioSciences were reported as -$163,000.
- Capital expenditures in the most recent quarter (prior to March 2026) totaled $0.0000 million USD.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Precision BioSciences Earnings Notes | 12/16/2025 | |
| With Precision BioSciences Stock Sliding, Have You Assessed The Risk? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.24 |
| Mkt Cap | 1.2 |
| Rev LTM | 42 |
| Op Inc LTM | -280 |
| FCF LTM | -252 |
| FCF 3Y Avg | -240 |
| CFO LTM | -252 |
| CFO 3Y Avg | -232 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.0% |
| Rev Chg 3Y Avg | 21.8% |
| Rev Chg Q | 157.7% |
| QoQ Delta Rev Chg LTM | 7.5% |
| Op Inc Chg LTM | 18.0% |
| Op Inc Chg 3Y Avg | 5.1% |
| Op Mgn LTM | -230.1% |
| Op Mgn 3Y Avg | -358.4% |
| QoQ Delta Op Mgn LTM | 31.5% |
| CFO/Rev LTM | -363.1% |
| CFO/Rev 3Y Avg | -385.0% |
| FCF/Rev LTM | -364.6% |
| FCF/Rev 3Y Avg | -394.3% |
FDA Approved Drugs Data
Expand for More| Post-Approval Fwd Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FDA App # | Brand Name | Generic Name | Dosage Form | FDA Approval | 3M Rtn | 6M Rtn | 1Y Rtn | 2Y Rtn | Total Rtn |
| ANDA217187 | FOSFOMYCIN TROMETHAMINE | fosfomycin tromethamine | for solution | 6032025 | -2.9% | -7.0% | 17.3% | 32.2% | 32.2% |
| ANDA217078 | DOXYCYCLINE HYCLATE | doxycycline hyclate | injectable | 2212025 | -22.8% | -16.4% | -36.1% | 14.8% | 14.8% |
| ANDA207686 | PHENTOLAMINE MESYLATE | phentolamine mesylate | injectable | 7142017 | |||||
| ANDA204547 | AMMONIA N 13 | ammonia n-13 | injectable | 8142015 | |||||
| ANDA204546 | FLUDEOXYGLUCOSE F18 | fludeoxyglucose f-18 | injectable | 4072015 | |||||
| ANDA204542 | SODIUM FLUORIDE F-18 | sodium fluoride f-18 | injectable | 2272015 | |||||
| ANDA076797 | RISPERIDONE | risperidone | solution | 6282010 | |||||
| Post-Approval Fwd Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FDA App # | Brand Name | Generic Name | Dosage Form | FDA Approval | 3M Rtn | 6M Rtn | 1Y Rtn | 2Y Rtn | Total Rtn |
| ANDA217187 | FOSFOMYCIN TROMETHAMINE | fosfomycin tromethamine | for solution | 6032025 | -2.9% | -7.0% | 17.3% | 32.2% | 32.2% |
| ANDA217078 | DOXYCYCLINE HYCLATE | doxycycline hyclate | injectable | 2212025 | -22.8% | -16.4% | -36.1% | 14.8% | 14.8% |
| ANDA207686 | PHENTOLAMINE MESYLATE | phentolamine mesylate | injectable | 7142017 | |||||
| ANDA204547 | AMMONIA N 13 | ammonia n-13 | injectable | 8142015 | |||||
| ANDA204546 | FLUDEOXYGLUCOSE F18 | fludeoxyglucose f-18 | injectable | 4072015 | |||||
| ANDA204542 | SODIUM FLUORIDE F-18 | sodium fluoride f-18 | injectable | 2272015 | |||||
| ANDA076797 | RISPERIDONE | risperidone | solution | 6282010 | |||||
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Discovery and development of therapies utilizing our novel proprietary ARCUS platform | 34 | 69 | 49 | 25 | 116 |
| Total | 34 | 69 | 49 | 25 | 116 |
| $ Mil | 2025 | 2024 | 2023 | 2021 | 2020 |
|---|---|---|---|---|---|
| Discovery and development of therapies utilizing our novel proprietary ARCUS platform | -52 | -26 | -44 | ||
| Adjustments to reconcile cash expenditures to GAAP expenses | -7 | -0 | |||
| Amortization of right-of-use asset | -1 | -1 | |||
| Corporate general and administrative cash expenditures | -33 | -30 | |||
| Depreciation and amortization | -9 | -9 | |||
| Food | -4 | -5 | |||
| Interest income received | -0 | -1 | |||
| Loss on disposal of assets | -0 | 0 | |||
| Non-cash interest expense | -0 | ||||
| Share-based compensation | -17 | -14 | |||
| Therapeutics | 32 | -50 | |||
| Total | -52 | -26 | -44 | -39 | -110 |
| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Discovery and development of therapies utilizing our novel proprietary ARCUS platform | -46 | 7 | -61 |
| Total | -46 | 7 | -61 |
Price Behavior
| Market Price | $6.81 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 03/28/2019 | |
| Distance from 52W High | -20.9% | |
| 50 Days | 200 Days | |
| DMA Price | $7.12 | $5.65 |
| DMA Trend | up | up |
| Distance from DMA | -4.3% | 20.6% |
| 3M | 1YR | |
| Volatility | 69.9% | 68.9% |
| Downside Capture | 277.78 | 158.83 |
| Upside Capture | 166.36 | 159.12 |
| Correlation (SPY) | 27.1% | 19.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.21 | 1.88 | 1.23 | 1.07 | 1.33 | 0.67 |
| Up Beta | 0.64 | -0.67 | -0.68 | 0.52 | 0.75 | 0.22 |
| Down Beta | 8.06 | 5.86 | -0.36 | 0.09 | 0.70 | 0.61 |
| Up Capture | 63% | 268% | 416% | 208% | 249% | 35% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 12 | 25 | 38 | 65 | 129 | 347 |
| Down Capture | 267% | 445% | 177% | 143% | 150% | 108% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 8 | 15 | 22 | 55 | 114 | 393 |
[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 DTIL | |
|---|---|---|---|---|
| DTIL | 37.5% | 69.0% | 0.75 | - |
| Sector ETF (XLV) | 14.0% | 15.0% | 0.66 | 14.3% |
| Equity (SPY) | 26.5% | 12.4% | 1.61 | 20.0% |
| Gold (GLD) | 24.2% | 27.5% | 0.77 | 6.3% |
| Commodities (DBC) | 19.8% | 18.8% | 0.83 | 4.5% |
| Real Estate (VNQ) | 11.0% | 13.7% | 0.52 | 11.6% |
| Bitcoin (BTCUSD) | -38.3% | 42.4% | -1.02 | 27.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DTIL | |
|---|---|---|---|---|
| DTIL | -54.6% | 79.4% | -0.64 | - |
| Sector ETF (XLV) | 5.4% | 14.7% | 0.19 | 19.9% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 26.8% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 2.7% |
| Commodities (DBC) | 7.5% | 19.4% | 0.29 | 4.9% |
| Real Estate (VNQ) | 1.9% | 18.9% | 0.00 | 20.1% |
| Bitcoin (BTCUSD) | 11.6% | 54.2% | 0.41 | 20.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DTIL | |
|---|---|---|---|---|
| DTIL | -35.3% | 84.8% | -0.32 | - |
| Sector ETF (XLV) | 9.4% | 16.6% | 0.46 | 25.7% |
| Equity (SPY) | 15.3% | 18.0% | 0.73 | 30.9% |
| Gold (GLD) | 12.3% | 16.1% | 0.63 | 4.5% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 8.8% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 24.6% |
| Bitcoin (BTCUSD) | 60.4% | 66.8% | 1.00 | 18.4% |
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Returns Analyses
Earnings Returns History
Updated 6/16/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | -2.4% | 3.0% | -20.8% |
| 3/12/2026 | 12.1% | 38.9% | 31.8% |
| 1/13/2026 | 0.5% | -2.4% | -3.6% |
| 11/3/2025 | -9.8% | -24.8% | -38.0% |
| 8/7/2025 | -5.0% | -2.5% | 5.4% |
| 5/15/2025 | -8.1% | -6.1% | -1.0% |
| 3/26/2025 | -11.0% | -11.8% | 8.1% |
| 11/4/2024 | -8.1% | -7.1% | -31.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 8 |
| # Negative | 16 | 18 | 21 |
| Median Positive | 3.8% | 15.5% | 11.7% |
| Median Negative | -7.9% | -10.8% | -16.7% |
| Max Positive | 15.1% | 38.9% | 31.8% |
| Max Negative | -16.4% | -42.1% | -38.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | -2.4% | 3.0% | -20.8% |
| 3/12/2026 | 12.1% | 38.9% | 31.8% |
| 1/13/2026 | 0.5% | -2.4% | -3.6% |
| 11/3/2025 | -9.8% | -24.8% | -38.0% |
| 8/7/2025 | -5.0% | -2.5% | 5.4% |
| 5/15/2025 | -8.1% | -6.1% | -1.0% |
| 3/26/2025 | -11.0% | -11.8% | 8.1% |
| 11/4/2024 | -8.1% | -7.1% | -31.2% |
| 8/1/2024 | 0.4% | -9.9% | 10.7% |
| 5/13/2024 | 8.1% | 16.5% | 12.8% |
| 3/27/2024 | 1.8% | 21.1% | -23.8% |
| 1/11/2024 | -0.1% | -11.8% | -10.2% |
| 11/7/2023 | -2.5% | -14.2% | 2.7% |
| 8/4/2023 | 3.8% | 0.1% | -9.7% |
| 5/9/2023 | 0.0% | -10.9% | -8.4% |
| 3/9/2023 | -11.3% | -21.8% | -31.3% |
| 1/9/2023 | -8.1% | 0.7% | -13.2% |
| 11/8/2022 | 2.4% | 17.7% | -4.8% |
| 8/8/2022 | -7.5% | 15.5% | -12.1% |
| 6/8/2022 | -12.9% | -42.1% | -16.7% |
| 3/15/2022 | -16.4% | -13.8% | -22.0% |
| 1/10/2022 | -1.7% | -9.5% | -25.9% |
| 11/10/2021 | 8.7% | 3.1% | -5.5% |
| 8/12/2021 | 11.6% | -10.7% | 20.9% |
| 5/13/2021 | 3.8% | 4.9% | 29.2% |
| 3/18/2021 | -7.6% | -19.0% | -24.0% |
| 1/25/2021 | 0.0% | -8.8% | -19.0% |
| 11/10/2020 | 15.1% | 31.2% | -2.5% |
| 8/13/2020 | -5.5% | -8.4% | -21.4% |
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 8 |
| # Negative | 16 | 18 | 21 |
| Median Positive | 3.8% | 15.5% | 11.7% |
| Median Negative | -7.9% | -10.8% | -16.7% |
| Max Positive | 15.1% | 38.9% | 31.8% |
| Max Negative | -16.4% | -42.1% | -38.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/26/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/13/2024 | 10-Q |
| 12/31/2023 | 03/27/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/26/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/13/2024 | 10-Q |
| 12/31/2023 | 03/27/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 03/15/2022 | 10-K |
| 09/30/2021 | 11/10/2021 | 10-Q |
| 06/30/2021 | 08/12/2021 | 10-Q |
| 03/31/2021 | 05/13/2021 | 10-Q |
| 12/31/2020 | 03/18/2021 | 10-K |
| 09/30/2020 | 11/10/2020 | 10-Q |
| 06/30/2020 | 08/13/2020 | 10-Q |
| 03/31/2020 | 05/15/2020 | 10-Q |
| 12/31/2019 | 03/10/2020 | 10-K |
| 09/30/2019 | 11/12/2019 | 10-Q |
| 06/30/2019 | 08/14/2019 | 10-Q |
Recent Forward Guidance
Updated 5/31/2026Latest: Q1 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2028 Cash Runway | 2,028 | 0 | Affirmed | Guidance: 2,028 for 2028 | |||
Prior: Q4 2025 Earnings Reported 3/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2028 Cash Runway | 2,028 | 0 | Affirmed | Guidance: 2,028 for 2028 | |||
Insider Activity
Updated 6/5/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Amoroso, Michael | President and CEO | Direct | Sell | 2192026 | 3.84 | 20,559 | 78,947 | 934,625 | Form |
| 2 | Kelly, John Alexander | Chief Financial Officer | Direct | Sell | 2192026 | 3.84 | 8,149 | 31,292 | 483,391 | Form |
| 3 | Scimeca, Dario | General Counsel and Secretary | Direct | Sell | 2192026 | 3.84 | 4,925 | 18,912 | 216,795 | Form |
| 4 | Smith, J. Jefferson | Chief Research Officer | Direct | Sell | 2192026 | 3.84 | 4,925 | 18,912 | 468,196 | Form |
| 5 | Amoroso, Michael | President and CEO | Direct | Sell | 1222026 | 4.17 | 34,799 | 145,112 | 817,962 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Amoroso, Michael | President and CEO | Direct | Sell | 2192026 | 3.84 | 20,559 | 78,947 | 934,625 | Form |
| 2 | Kelly, John Alexander | Chief Financial Officer | Direct | Sell | 2192026 | 3.84 | 8,149 | 31,292 | 483,391 | Form |
| 3 | Scimeca, Dario | General Counsel and Secretary | Direct | Sell | 2192026 | 3.84 | 4,925 | 18,912 | 216,795 | Form |
| 4 | Smith, J. Jefferson | Chief Research Officer | Direct | Sell | 2192026 | 3.84 | 4,925 | 18,912 | 468,196 | Form |
| 5 | Amoroso, Michael | President and CEO | Direct | Sell | 1222026 | 4.17 | 34,799 | 145,112 | 817,962 | Form |
| 6 | Scimeca, Dario | General Counsel and Secretary | Direct | Sell | 1222026 | 4.03 | 8,854 | 35,682 | 180,201 | Form |
| 7 | Kelly, John Alexander | Chief Financial Officer | Direct | Sell | 1222026 | 4.03 | 15,213 | 61,308 | 428,985 | Form |
| 8 | Smith, J. Jefferson | Chief Research Officer | Direct | Sell | 1222026 | 4.03 | 10,200 | 41,106 | 444,042 | Form |
| 9 | Germano, Geno J | Direct | Buy | 12172025 | 4.72 | 3,000 | 14,160 | 112,728 | Form | |
| 10 | Frankel, Stanley | Direct | Buy | 12172025 | 4.70 | 2,700 | 12,690 | 91,547 | Form | |
| 11 | Brown, Melinda | Direct | Buy | 12172025 | 4.97 | 1,381 | 6,864 | 116,030 | Form | |
| 12 | Kelly, John Alexander | Chief Financial Officer | Direct | Sell | 11042025 | 6.49 | 1,303 | 8,456 | 501,664 | Form |
| 13 | Scimeca, Dario | General Counsel and Secretary | Direct | Sell | 11042025 | 6.49 | 665 | 4,316 | 183,394 | Form |
| 14 | Amoroso, Michael | President and CEO | Direct | Sell | 11042025 | 6.49 | 3,409 | 22,124 | 750,082 | Form |
| 15 | Frankel, Stanley | Direct | Buy | 9302025 | 4.97 | 2,700 | 13,419 | 83,387 | Form | |
| 16 | Brown, Melinda | Direct | Buy | 9242025 | 4.89 | 1,400 | 6,846 | 107,409 | Form | |
| 17 | Kelly, John Alexander | Chief Financial Officer | Direct | Sell | 7082025 | 4.26 | 14,827 | 63,163 | 313,046 | Form |
| 18 | Brown, Melinda | Direct | Buy | 6272025 | 4.14 | 1,682 | 6,963 | 85,139 | Form | |
| 19 | Buehler, Kevin | Direct | Buy | 6272025 | 4.16 | 5,076 | 21,116 | 117,050 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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