Tearsheet

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 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, mRNA Technology, Show more.
Weak multi-year price returns
2Y Excs Rtn is -113%, 3Y Excs Rtn is -99%
Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
1   Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -19 Mil
2   Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 435%
3   Stock price has recently run up significantly
6M Rtn6 month market price return is 322%
4   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 -7988%
5   High stock price volatility
Vol 12M is 729%
0 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, mRNA Technology, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -113%, 3Y Excs Rtn is -99%
2 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -19 Mil
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 435%
5 Stock price has recently run up significantly
6M Rtn6 month market price return is 322%
6 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 -7988%
7 High stock price volatility
Vol 12M is 729%

Valuation, Metrics & Events

LNAI Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Here are the key points for the movement of Lunai Bioworks (LNAI) stock by 425% from August 31, 2025, to December 4, 2025: 1. 10:1 Reverse Stock Split and Rebranding: On September 30, 2025, Lunai Bioworks (formerly Renovaro Inc.) completed a 10:1 reverse stock split, which significantly increased the per-share price and allowed the company to adopt its new corporate identity and ticker symbol "LNAI". This action was primarily aimed at meeting Nasdaq's minimum bid price requirements.

2. Regaining Nasdaq Minimum Bid Price Compliance: By October 16, 2025, Lunai Bioworks announced it had regained compliance with Nasdaq's minimum bid price requirement, which removed the threat of delisting and likely bolstered investor confidence.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
LNAI Return-41%147%-86%208%-74%51%-75%
Peers Return6%-1%-7%-13%-25%2%-34%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
LNAI Win Rate42%58%42%50%50%20% 
Peers Win Rate29%21%25%27%15%40% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
LNAI Max Drawdown-59%-0%-86%-61%-87%-81% 
Peers Max Drawdown-19%-10%-17%-24%-25%-2% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: VRTX, ACSB, AIXC, ALPS, APRI.
[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 12/3/2025 (YTD)

How Low Can It Go

Unique KeyEventLNAIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-96.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven3037.5%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-61.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven160.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven84 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-62.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven165.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven749 days120 days

Compare to VRTX, ACSB, AIXC, ALPS, APRI


In The Past

Lunai Bioworks's stock fell -96.8% during the 2022 Inflation Shock from a high on 11/30/2021. A -96.8% loss requires a 3037.5% gain to breakeven.

Preserve Wealth

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

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Lunai Bioworks (LNAI)

Better Bets than Lunai Bioworks (LNAI)

Trade Ideas

Select past ideas related to LNAI. 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
4.1%4.1%-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
-9.8%-9.8%-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
6.0%6.0%-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
9.7%9.7%-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
6.2%6.2%-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
4.1%4.1%-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
-9.8%-9.8%-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
6.0%6.0%-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
9.7%9.7%-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
6.2%6.2%-5.1%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Lunai Bioworks

Peers to compare with:

Financials

LNAIVRTXACSBAIXCALPSAPRIMedian
NameLunai Bi.Vertex P.Acesis AIxCryptoALPS Aprinoia. 
Mkt Price1.25463.13-2.541.07-1.90
Mkt Cap0.0118.4----59.2
Rev LTM011,723-0--0
Op Inc LTM-19-92--5---19
FCF LTM-83,337--6---6
FCF 3Y Avg-102,064--10---10
CFO LTM-83,718--6---6
CFO 3Y Avg-102,419--10---10

Growth & Margins

LNAIVRTXACSBAIXCALPSAPRIMedian
NameLunai Bi.Vertex P.Acesis AIxCryptoALPS Aprinoia. 
Rev Chg LTM-10.3%----10.3%
Rev Chg 3Y Avg-10.5%----10.5%
Rev Chg Q-11.0%----11.0%
QoQ Delta Rev Chg LTM-2.7%----2.7%
Op Mgn LTM--0.8%-----0.8%
Op Mgn 3Y Avg-26.2%----26.2%
QoQ Delta Op Mgn LTM-1.0%----1.0%
CFO/Rev LTM-31.7%----31.7%
CFO/Rev 3Y Avg-23.1%----23.1%
FCF/Rev LTM-28.5%----28.5%
FCF/Rev 3Y Avg-19.8%----19.8%

Valuation

LNAIVRTXACSBAIXCALPSAPRIMedian
NameLunai Bi.Vertex P.Acesis AIxCryptoALPS Aprinoia. 
Mkt Cap0.0118.4----59.2
P/S-8.5----8.5
P/EBIT-0.022.4----11.2
P/E-0.027.2----13.6
P/CFO-0.326.9----13.3
Total Yield-7,983.8%3.7%-----3,990.0%
Dividend Yield0.0%0.0%----0.0%
FCF Yield 3Y Avg-181.7%2.3%-----89.7%
D/E4.60.0----2.3
Net D/E4.3-0.0----2.2

Returns

LNAIVRTXACSBAIXCALPSAPRIMedian
NameLunai Bi.Vertex P.Acesis AIxCryptoALPS Aprinoia. 
1M Rtn43.5%8.7%----26.1%
3M Rtn461.8%16.8%----239.3%
6M Rtn322.0%3.9%----162.9%
12M Rtn20.2%1.3%----10.8%
3Y Rtn5.0%44.1%----24.6%
1M Excs Rtn43.6%8.7%----26.2%
3M Excs Rtn480.4%11.3%----245.9%
6M Excs Rtn307.3%-10.8%----148.2%
12M Excs Rtn51.7%-14.6%----18.5%
3Y Excs Rtn-98.8%-25.9%-----62.4%

Financials

Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity1,135,753
Short Interest: % Change Since 10312025595.4%
Average Daily Volume17,711,186
Days-to-Cover Short Interest1
Basic Shares Quantity17,611,552
Short % of Basic Shares6.4%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025929202510-K 6/30/2025
3312025515202510-Q 3/31/2025
12312024219202510-Q 12/31/2024
93020241114202410-Q 9/30/2024
63020241010202410-K 6/30/2024
3312024515202410-Q 3/31/2024
12312023214202410-Q 12/31/2023
93020231114202310-Q 9/30/2023
63020231002202310-K 6/30/2023
3312023512202310-Q 3/31/2023
12312022309202310-Q 12/31/2022
9302022307202310-Q 9/30/2022
6302022227202310-K 6/30/2022
3312022513202210-Q 3/31/2022
12312021214202210-Q 12/31/2021
93020211115202110-Q 9/30/2021