Tearsheet

EyePoint Pharmaceuticals (EYPT)


Market Price (12/5/2025): $16.62 | Market Cap: $1.2 Bil
Sector: Health Care | Industry: Biotechnology

EyePoint Pharmaceuticals (EYPT)


Market Price (12/5/2025): $16.62
Market Cap: $1.2 Bil
Sector: Health Care
Industry: Biotechnology

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -18%
Trading close to highs
Dist 52W High is 0.0%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -218 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -516%
1 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more.
Meaningful short interest
Short 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 12%
Stock price has recently run up significantly
6M Rtn6 month market price return is 103%
2   Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.1%, Rev Chg QQuarterly Revenue Change % is -91%
3   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -498%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -504%
4   Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 250%
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 -25%
0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -18%
1 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more.
2 Trading close to highs
Dist 52W High is 0.0%
3 Meaningful short interest
Short 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 12%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -218 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -516%
5 Stock price has recently run up significantly
6M Rtn6 month market price return is 103%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.1%, Rev Chg QQuarterly Revenue Change % is -91%
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -498%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -504%
8 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 250%
9 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -25%

Valuation, Metrics & Events

EYPT Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

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Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
EYPT Return-58%86%-71%560%-68%124%8%
Peers Return110%-16%-30%-9%-2%11%25%
S&P 500 Return16%27%-19%24%23%17%112%

Monthly Win Rates [3]
EYPT Win Rate25%42%42%50%33%70% 
Peers Win Rate33%19%15%23%17%25% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
EYPT Max Drawdown-76%0%-81%-35%-70%-45% 
Peers Max Drawdown-17%-21%-33%-30%-28%-8% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: OCUL, ACSB, AIXC, ALPS, APRI. See EYPT Returns vs. Peers.
[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] 2025 data is for the year up to 12/4/2025 (YTD)

How Low Can It Go

Unique KeyEventEYPTS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-87.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven707.0%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven257 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-81.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven450.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven1126 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-67.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven204.0%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-82.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven461.1%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven185 days1480 days

Compare to OCUL, ACSB, AIXC, ALPS, APRI


In The Past

EyePoint Pharmaceuticals's stock fell -87.6% during the 2022 Inflation Shock from a high on 11/17/2021. A -87.6% loss requires a 707.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

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About EyePoint Pharmaceuticals (EYPT)

Better Bets than EyePoint Pharmaceuticals (EYPT)

Trade Ideas

Select past ideas related to EYPT. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CRL_11142025_Dip_Buyer_FCFYield11142025CRLCharles River Laboratories InternationalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
10.0%10.0%-3.7%
GDRX_11142025_Dip_Buyer_High_CFO_Margins_ExInd_DE11142025GDRXGoodRxDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-7.7%-7.7%-11.8%
ASTH_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025ASTHAstrana HealthDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
6.9%6.9%-5.5%
SGRY_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025SGRYSurgery PartnersDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
11.5%11.5%-1.4%
TFX_11072025_Dip_Buyer_FCFYield11072025TFXTeleflexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
8.9%8.9%-5.1%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CRL_11142025_Dip_Buyer_FCFYield11142025CRLCharles River Laboratories InternationalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
10.0%10.0%-3.7%
GDRX_11142025_Dip_Buyer_High_CFO_Margins_ExInd_DE11142025GDRXGoodRxDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-7.7%-7.7%-11.8%
ASTH_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025ASTHAstrana HealthDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
6.9%6.9%-5.5%
SGRY_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025SGRYSurgery PartnersDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
11.5%11.5%-1.4%
TFX_11072025_Dip_Buyer_FCFYield11072025TFXTeleflexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
8.9%8.9%-5.1%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for EyePoint Pharmaceuticals

Peers to compare with:

Financials

EYPTOCULACSBAIXCALPSAPRIMedian
NameEyePoint.Ocular T.Acesis AIxCryptoALPS Aprinoia. 
Mkt Price16.7212.43-2.631.17-7.53
Mkt Cap1.22.3----1.7
Rev LTM4256-0--42
Op Inc LTM-218-251--5---218
FCF LTM-214-199--6---199
FCF 3Y Avg-107-130--10---107
CFO LTM-211-190--6---190
CFO 3Y Avg-104-124--10---104

Growth & Margins

EYPTOCULACSBAIXCALPSAPRIMedian
NameEyePoint.Ocular T.Acesis AIxCryptoALPS Aprinoia. 
Rev Chg LTM-7.4%-9.2%-----8.3%
Rev Chg 3Y Avg0.1%4.4%----2.3%
Rev Chg Q-90.8%-5.7%-----48.3%
QoQ Delta Rev Chg LTM-18.4%-1.6%-----10.0%
Op Mgn LTM-515.7%-449.7%-----482.7%
Op Mgn 3Y Avg-321.3%-273.7%-----297.5%
QoQ Delta Op Mgn LTM-151.4%-47.1%-----99.2%
CFO/Rev LTM-498.1%-340.7%-----419.4%
CFO/Rev 3Y Avg-239.1%-214.8%-----226.9%
FCF/Rev LTM-504.5%-357.5%-----431.0%
FCF/Rev 3Y Avg-247.0%-225.7%-----236.4%

Valuation

EYPTOCULACSBAIXCALPSAPRIMedian
NameEyePoint.Ocular T.Acesis AIxCryptoALPS Aprinoia. 
Mkt Cap1.22.3----1.7
P/S23.638.5----31.1
P/EBIT-4.9-9.1-----7.0
P/E-4.9-8.6-----6.7
P/CFO-4.7-11.3-----8.0
Total Yield-20.6%-11.6%-----16.1%
Dividend Yield0.0%0.0%----0.0%
FCF Yield 3Y Avg-15.2%-15.5%-----15.3%
D/E0.00.0----0.0
Net D/E-0.2-0.1-----0.2

Returns

EYPTOCULACSBAIXCALPSAPRIMedian
NameEyePoint.Ocular T.Acesis AIxCryptoALPS Aprinoia. 
1M Rtn34.9%14.0%--23.2%-23.2%
3M Rtn40.7%-2.1%----19.3%
6M Rtn102.7%46.9%----74.8%
12M Rtn96.9%31.1%----64.0%
3Y Rtn402.1%315.7%----358.9%
1M Excs Rtn33.7%12.8%--22.0%-22.0%
3M Excs Rtn13.5%-14.4%-----0.4%
6M Excs Rtn87.2%31.5%----59.3%
12M Excs Rtn77.5%13.8%----45.7%
3Y Excs Rtn352.5%259.8%----306.2%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Business of developing and commercializing innovative ophthalmic products for the treatment of eye46    
Dexamethasone intraocular suspension (DEXYCU) 121875
Fluocinolone acetonide intravitreal implant (YUTIQ) 28171412
License and collaboration agreements 01121
Royalty income 1122
Total4641373420


Net Income by Segment
$ Mil20242023202220212020
Business of developing and commercializing innovative ophthalmic products for the treatment of eye-71    
Total-71    


Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity8,632,226
Short Interest: % Change Since 1031202514.2%
Average Daily Volume1,468,435
Days-to-Cover Short Interest5.88
Basic Shares Quantity70,168,000
Short % of Basic Shares12.3%

SEC Filings

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Report DateFiling DateFiling
93020251106202510-Q 9/30/2025
6302025807202510-Q 6/30/2025
3312025508202510-Q 3/31/2025
12312024306202510-K 12/31/2024
93020241107202410-Q 9/30/2024
6302024808202410-Q 6/30/2024
3312024509202410-Q 3/31/2024
12312023308202410-K 12/31/2023
93020231103202310-Q 9/30/2023
6302023804202310-Q 6/30/2023
3312023504202310-Q 3/31/2023
12312022310202310-K 12/31/2022
93020221104202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021314202210-K 12/31/2021