Phio Pharmaceuticals (PHIO)


Market Price (11/5/2026): $0.92 | Market Cap: $10.7 MilSector: Health Care | Industry: Biotechnology

Phio Pharmaceuticals (PHIO)


Market Price (11/5/2026): $0.92
Market Cap: $10.7 Mil
Sector: Health Care
Industry: Biotechnology

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

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 -129%

Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, Precision Medicine, and Aging Population & Chronic Disease. Themes include Gene Editing & Therapy, Show more.

Weak multi-year price returns
2Y Excs Rtn is -103%, 3Y Excs Rtn is -174%

Penny stock
Mkt Price is 0.9

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -13 Mil

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 -132%

Key risks
PHIO key risks include [1] a high probability of bankruptcy driven by a limited cash runway and reliance on highly dilutive financing, Show more.

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 -129%
1 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, Precision Medicine, and Aging Population & Chronic Disease. Themes include Gene Editing & Therapy, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -103%, 3Y Excs Rtn is -174%
3 Penny stock
Mkt Price is 0.9
4 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
5 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -13 Mil
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 -132%
7 Key risks
PHIO key risks include [1] a high probability of bankruptcy driven by a limited cash runway and reliance on highly dilutive financing, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/1/2026

Phio Pharmaceuticals (PHIO) stock has lost about 15% since 7/31/2026 because of the following key factors:

1. Persistent Operating Losses: Phio Pharmaceuticals continued to report significant operating losses, with fiscal Q2 2026, which ended June 30, 2026, showing an Earnings Per Share (EPS) of -$0.36. This matched analyst consensus, indicating that the company, as a clinical-stage biopharmaceutical entity with no revenue-generating products, continued its pattern of cash burn without exceeding market expectations for financial performance during the period.

2. Extended Development Timeline for Lead Candidate: Despite positive progress such as the submission for Phase 2b clinical development of its lead candidate PH-762 in cutaneous squamous cell carcinoma in September 2026, and the successful completion of a commercial-scale cGMP batch of PH-762 in October 2026, these milestones highlight that the company's primary asset remains in early to mid-stage clinical trials. This suggests a prolonged period until potential regulatory approval and commercialization, which can weigh on investor sentiment for a company dependent on future drug success.

Show more
Updated on 11/1/2026

Phio Pharmaceuticals (PHIO) stock has lost about 15% since 7/31/2026 because of the following key factors:

1. Persistent Operating Losses: Phio Pharmaceuticals continued to report significant operating losses, with fiscal Q2 2026, which ended June 30, 2026, showing an Earnings Per Share (EPS) of -$0.36. This matched analyst consensus, indicating that the company, as a clinical-stage biopharmaceutical entity with no revenue-generating products, continued its pattern of cash burn without exceeding market expectations for financial performance during the period.

2. Extended Development Timeline for Lead Candidate: Despite positive progress such as the submission for Phase 2b clinical development of its lead candidate PH-762 in cutaneous squamous cell carcinoma in September 2026, and the successful completion of a commercial-scale cGMP batch of PH-762 in October 2026, these milestones highlight that the company's primary asset remains in early to mid-stage clinical trials. This suggests a prolonged period until potential regulatory approval and commercialization, which can weigh on investor sentiment for a company dependent on future drug success.

3. Micro-Capitalization Volatility and Funding Concerns: As a micro-capitalization company with a market valuation around $10 million, Phio Pharmaceuticals' stock is highly susceptible to volatility and significant price fluctuations. The relatively low average trading volume of approximately 55.60K shares means even moderate selling pressure or a general lack of strong, immediate catalysts can lead to substantial percentage declines, such as the observed 15% drop, as investors might remain cautious about future financing needs inherent to clinical-stage biotechs.

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Stock Movement Drivers

Fundamental Drivers

The -15.1% change in PHIO stock from 7/31/2026 to 11/4/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)731202611042026Change
Stock Price ($)1.020.87-15.1%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)12120.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/4/2026
ReturnCorrelation
PHIO-15.1% 
Market (SPY)2.6%10.9%
Sector (XLV)16.7%14.1%

Fundamental Drivers

The -28.7% change in PHIO stock from 4/30/2026 to 11/4/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)430202611042026Change
Stock Price ($)1.220.87-28.7%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)12120.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/4/2026
ReturnCorrelation
PHIO-28.7% 
Market (SPY)7.0%12.7%
Sector (XLV)30.5%10.1%

Fundamental Drivers

The -57.6% change in PHIO stock from 10/31/2025 to 11/4/2026 was primarily driven by a -58.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)1031202511042026Change
Stock Price ($)2.050.87-57.6%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)512-58.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/4/2026
ReturnCorrelation
PHIO-57.6% 
Market (SPY)13.4%18.5%
Sector (XLV)33.2%14.7%

Fundamental Drivers

The -92.2% change in PHIO stock from 10/31/2023 to 11/4/2026 was primarily driven by a -98.3% change in the company's Shares Outstanding (Mil).
(LTM values as of)1031202311042026Change
Stock Price ($)11.160.87-92.2%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)012-98.3%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/4/2026
ReturnCorrelation
PHIO-92.2% 
Market (SPY)89.7%11.5%
Sector (XLV)59.5%12.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PHIO Return-63%-63%-83%-74%-42%-17%-100%
Peers Return-7%32%41%-1%13%2%96%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
PHIO Win Rate25%25%25%33%50%36% 
Peers Win Rate42%67%58%50%83%31% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
PHIO Max Drawdown-76%-86%-90%-82%-85%-48% 
Peers Max Drawdown-27%-19%-12%-23%-29%-15% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VRTX, ASPE, ATYR, BBTX, CTY.
[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 11/4/2026 (YTD)

How Low Can It Go

EventPHIOS&P 500
2025 US Tariff Shock
  % Loss-42.0%-18.8%
  % Gain to Breakeven72.3%23.1%
  Time to Breakeven3 days79 days
2024 Yen Carry Trade Unwind
  % Loss-60.5%-7.8%
  % Gain to Breakeven153.3%8.5%
  Time to Breakeven157 days18 days
2020 COVID-19 Crash
  % Loss-47.8%-33.7%
  % Gain to Breakeven91.7%50.9%
  Time to Breakeven252 days140 days
2013 Taper Tantrum
  % Loss-51.1%-0.2%
  % Gain to Breakeven104.3%0.2%
  Time to Breakeven69 days1 days

Compare to VRTX, ASPE, ATYR, BBTX, CTY

In The Past

Phio Pharmaceuticals's stock fell -42.0% during the 2025 US Tariff Shock. Such a loss loss requires a 72.3% 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.

EventPHIOS&P 500
2025 US Tariff Shock
  % Loss-42.0%-18.8%
  % Gain to Breakeven72.3%23.1%
  Time to Breakeven3 days79 days
2024 Yen Carry Trade Unwind
  % Loss-60.5%-7.8%
  % Gain to Breakeven153.3%8.5%
  Time to Breakeven157 days18 days
2020 COVID-19 Crash
  % Loss-47.8%-33.7%
  % Gain to Breakeven91.7%50.9%
  Time to Breakeven252 days140 days
2013 Taper Tantrum
  % Loss-51.1%-0.2%
  % Gain to Breakeven104.3%0.2%
  Time to Breakeven69 days1 days

Compare to VRTX, ASPE, ATYR, BBTX, CTY

In The Past

Phio Pharmaceuticals's stock fell -42.0% during the 2025 US Tariff Shock. Such a loss loss requires a 72.3% 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 Phio Pharmaceuticals (PHIO)

Phio Pharmaceuticals Corp. (PHIO) is a biotechnology company dedicated to developing cutting-edge immuno-oncology therapeutics. The company's core approach utilizes its proprietary INTASYL therapeutic platform, which is designed to target both tumor and immune cells by regulating specific genes within the immune system. This innovative strategy aims to enhance the body's natural defense mechanisms against cancer.

The company's pipeline features several distinct drug candidates, each addressing critical aspects of cancer immunology. PH-762 is being developed to activate immune cells and reduce the expression of the checkpoint protein PD-1, thereby improving the efficacy of immunotherapy, particularly in adoptive cell transfer (ACT). PH-894 targets and silences the epigenetic protein BRD4, an intracellular regulator of gene expression, also intended for use in ACT. Additionally, PH-804 is designed to target TIGIT, a suppressive immune receptor found on T cells and natural killer cells, with the goal of bolstering anti-tumor immune responses.

Phio Pharmaceuticals primarily serves the oncology market, with a focus on advanced immunotherapies, including adoptive cell transfer (ACT), for various cancer indications. Through its research and development, and collaborations such as with AgonOx Inc., the company aims to provide novel T cell-based cancer immunotherapies to patients. These therapeutics are designed for individuals battling cancer, offering new treatment avenues by leveraging the power of the immune system to combat the disease.

AI Analysis | Feedback

Here are 1-3 brief analogies for Phio Pharmaceuticals:

  • Alnylam Pharmaceuticals for cancer immunotherapy. (Focuses on Phio's gene-regulating technology applied to cancer.)
  • A biotech developing next-generation checkpoint inhibitor therapies, like an innovative competitor to Merck (Keytruda) or BMS (Opdivo). (Highlights Phio's work on immune checkpoint proteins with new approaches.)
  • Moderna, but focused on novel gene-regulating treatments for cancer instead of vaccines. (Emphasizes Phio as an innovative biotech leveraging genetic technology for cancer therapeutics.)

AI Analysis | Feedback

  • INTASYL therapeutic platform: A platform focused on targeting tumor and immune cells by regulating genes of the immune system.
  • PH-762: An investigational therapeutic that activates immune cells to recognize and kill cancer cells by reducing the expression of the checkpoint protein PD-1.
  • PH-894: An investigational therapeutic designed to silence the epigenetic protein BRD4, an intracellular regulator of gene expression.
  • PH-804: An investigational therapeutic that targets the suppressive immune receptor TIGIT, a checkpoint protein present on T cells and natural killer cells.

AI Analysis | Feedback

Based on the provided description, Phio Pharmaceuticals Corp. is a biopharmaceutical company primarily focused on the research and development of immuno-oncology therapeutics. The company is developing various drug candidates (PH-762, PH-894, PH-804) and utilizes its INTASYL therapeutic platform. It also engages in collaborations for clinical development, such as with AgonOx Inc.

As Phio Pharmaceuticals is in the drug development and clinical trial phase, with no mention of commercialized products on the market, it does not currently have major commercial customers in the traditional sense (i.e., companies or individuals purchasing its products or services). Its activities are centered on R&D, potential licensing, partnerships, and advancing its therapeutic pipeline toward commercialization.

AI Analysis | Feedback

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AI Analysis | Feedback

Robert Bitterman, President & Chief Executive Officer
Robert Bitterman has served as President and Chief Executive Officer of Phio Pharmaceuticals since February 2023, and as a member and Chair of the Board since 2012. He founded Cutanea Life Sciences, Inc. in 2005, a private company focused on skin and subcutaneous tissue treatments, and served as its President and CEO until its acquisition by Biofrontera, Inc., USA in March 2019. His prior experience includes serving as President and CEO of Isolagen, Inc., President and General Manager of Dermik Laboratories, and various financial and commercial roles at Aventis S.A.

Lisa Carson, Chief Financial Officer
Lisa Carson was promoted to Chief Financial Officer in February 2026, having joined Phio Pharmaceuticals in May 2025. She brings over 20 years of financial leadership experience in the life science industry. Previously, Ms. Carson served as Vice President, Finance and Controller at Prelude Therapeutics, where she supported the company's IPO and subsequent expansion. She also held finance leadership roles at TELA Bio and PhaseBio Pharmaceuticals.

Linda Mahoney, SVP of Development
Linda Mahoney is a pharmaceutical development executive with more than 25 years of industry experience. Prior to Phio Pharmaceuticals, she was Vice-President of Scientific Operations and Business Development at Cutanea Life Sciences, Inc. Her experience also includes positions in project management, product development, and commercial supply chain at Sanofi-Aventis.

Jennifer Phillips, SVP of Regulatory & Corporate Affairs
Jennifer Phillips, Pharm.D., was promoted to Senior Vice President, Regulatory and Corporate Affairs in February 2026, and joined Phio Pharmaceuticals in February 2023. She is a regulatory affairs executive with over 25 years of experience, including senior roles at major pharmaceutical organizations such as Aventis and Wyeth. She also served as VP, Regulatory and Quality at Cutanea Life Sciences.

Kimberly Man, Vice President of Program Development and Strategic Planning
Kimberly Man joined Phio Pharmaceuticals as Vice President of Program Development and Strategic Planning in February 2026. She has over 20 years of experience in program and portfolio leadership, product development, and clinical and regulatory operations. Her background includes roles at organizations such as Enterin/Metabolics Pharma, Sandoz, Cutanea Life Sciences, and URL/Mutual Pharmaceuticals.

AI Analysis | Feedback

The key risks to Phio Pharmaceuticals (PHIO) are:

  1. Clinical Development and Regulatory Approval Risks: As a clinical-stage biopharmaceutical company, Phio Pharmaceuticals' success is highly dependent on the successful development and regulatory approval of its product candidates, particularly PH-762. Risks include the potential for failed or inconclusive clinical trials, the time-consuming and uncertain nature of advancing product candidates through various clinical stages, and the challenges of obtaining necessary regulatory filings and approvals from authorities like the FDA. Adverse side effects or safety concerns identified during clinical trials could lead to the suspension or termination of these trials, significantly impacting the company's prospects.

  2. Funding and Financial Stability: Phio Pharmaceuticals has a history of recurring losses from operations and anticipates continued negative cash flows in the foreseeable future. The company requires substantial capital to fund its ongoing research and development activities and clinical programs. There is a continuous risk that Phio may not be able to secure sufficient additional financing on acceptable terms, or at all. A failure to obtain adequate funding could force the company to delay, reduce the scope of, or abandon its development efforts. Moreover, raising capital through equity offerings could result in significant dilution for existing shareholders.

  3. Commercialization and Market Acceptance Risks: Even if Phio Pharmaceuticals successfully develops and obtains regulatory approval for its product candidates, there is no guarantee of commercial success. The immuno-oncology market is highly competitive and rapidly evolving, with numerous established pharmaceutical and biotechnology companies. The company faces risks related to the adoption of its products by healthcare providers and patients, competition from existing or new therapies, and the ability to effectively manufacture, market, and distribute its products. Lack of market acceptance or an inability to compete effectively could significantly hinder revenue generation and overall financial performance.

AI Analysis | Feedback

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Phio Pharmaceuticals Corp. (PHIO) is developing immuno-oncology therapeutics, with its main products being PH-762 (targeting PD-1), PH-894 (silencing BRD4), and PH-804 (targeting TIGIT), all for use in adoptive cell transfer (ACT).

PH-762 (PD-1 Inhibitor)

The global market for PD-1 and PD-L1 inhibitors, which PH-762 targets, was valued at approximately USD 64.53 billion in 2026 and is projected to reach USD 208.06 billion by 2032. Specifically, the PD-1 segment alone within the immune checkpoint inhibitors market was valued at USD 48.5 billion in 2025. North America holds a significant share of this market, with the PD-1 and PD-L1 inhibitor market in the region expected to be valued at around USD 27.56 billion by 2025.

PH-894 (BRD4 Silencer)

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PH-804 (TIGIT Inhibitor)

The global TIGIT antibody market, which PH-804 targets, was valued at USD 1,520.75 million in 2025 and is projected to reach USD 4,985.40 million by 2032. North America is the fastest-growing region in this market, with the United States holding the largest share globally.

Adoptive Cell Therapy Market (General Context)

As all of Phio Pharmaceuticals' main products are for use in adoptive cell transfer (ACT), the broader adoptive cell therapy market is also relevant. The global adoptive cell therapy market was valued at USD 12.45 billion in 2026 and is forecast to reach USD 22.4 billion by 2033. North America is expected to dominate this market, holding a 42.7% share in 2026.

AI Analysis | Feedback

Phio Pharmaceuticals (symbol: PHIO), a clinical-stage biotechnology company focused on immuno-oncology, is expected to drive future revenue growth over the next 2-3 years primarily through the advancement and potential commercialization of its pipeline candidates and strategic collaborations.
  1. Successful Clinical Development and Potential Market Approval of PH-762: The company's lead product candidate, PH-762, is currently undergoing a Phase 1b dose-escalating clinical trial for cutaneous squamous cell carcinoma (cSCC), melanoma, and Merkel cell carcinoma. Positive results from this trial, including reported complete and partial responses in cSCC patients, are crucial for its progression to later-stage clinical trials and eventual market approval. The company expects to complete enrollment of all patients in the study in the third quarter of 2025. The successful development and regulatory approval of PH-762, especially given the significant unmet need and addressable market in cSCC, would be a primary driver of future revenue.
  2. Advancement of Additional Pipeline Candidates (PH-894 and PH-804): Beyond PH-762, Phio Pharmaceuticals has other promising candidates in its INTASYL therapeutic platform. PH-894, a BRD4 silencer, has completed IND-enabling studies and has demonstrated dual action in tumor killing and immune activation with a favorable toxicology profile. PH-804 targets the suppressive immune receptor TIGIT. The continued progression of these candidates through preclinical and early clinical development stages could provide additional future revenue streams through licensing agreements or eventual commercialization, expanding the company's market opportunities.
  3. Establishment of Strategic Partnerships and Licensing Agreements: As a clinical-stage biotechnology company, Phio Pharmaceuticals relies on capital to fund its research and development. While the company has secured financing to sustain operations into the first half of 2027, strategic partnerships and licensing agreements are vital for accelerating the development and commercialization of its INTASYL platform and drug candidates. The potential for securing partnership agreements to advance its pipeline, particularly PH-762, is seen as a key enhancer of the company's outlook. Such collaborations could provide non-dilutive funding, access to broader development capabilities, and established commercialization channels, ultimately enabling future revenue generation.

AI Analysis | Feedback

Share Issuance

  • Phio Pharmaceuticals has experienced substantial dilution, with shares outstanding growing by 143.2% in the past year.
  • In 2025, the company generated approximately $23.7 million in net proceeds from equity financings and warrant exercises.
  • The number of shares outstanding increased significantly from 125,321 in November 2021 to 10.76 million by November 2025.

Inbound Investments

  • In 2025, Phio Pharmaceuticals secured approximately $23.7 million in net proceeds from equity financings and warrant exercises, which strengthened its balance sheet.
  • Institutional investors purchased 59,840 shares in the last 24 months, representing approximately $83.77K in transactions.
  • Currently, 57.31% of Phio Pharmaceuticals' stock is owned by institutional investors.

Capital Expenditures

  • Capital expenditures in the last 12 months (as of approximately year-end 2025) were -$12,000.
  • The company's Capital Expenditure Compound Annual Growth Rate (CAGR) averaged -20.61% over the past 5 years.
  • Phio Pharmaceuticals' latest trailing twelve months (TTM) CapEx CAGR stands at -14.43%.

Peer Outperformance in Biotechnology

PHIO has trailed 87% of its 363 Biotechnology peers over 5Y. Biotechnology ranks 9th of 10 industries in Health Care by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Biotechnology constituents that PHIO has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
34%
of 451 industry peers · -46.6% return
3Y
17%
of 398 industry peers · -92.7% return
5Y
13%
of 363 industry peers · -99.5% return
No Biotechnology peer with a comparable growth profile has beaten PHIO by more than 20pp over 5Y.
Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is PHIO's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 13.4%63.7%103.3% CAH 490% · MCK 391% · COR 194%
Health Care Services 20 44.0%33.3%11.6% HIMS 220% · RDNT 148% · DGX 96%
Managed Health Care 8 44.6%5.6%0.6% OSCR 107% · HQY 59% · ELV 11%
Health Care Facilities 25 16.9%18.4%-3.0% THC 302% · NHC 241% · EHC 202%
Health Care Equipment 50 14.4%18.7%-15.0% UFPT 408% · GKOS 348% · PLSE 147%
Pharmaceuticals 60 -5.1%8.2%-35.2% LQDA 999% · KNSA 546% · LLY 448%
Health Care Supplies 11 34.9%23.0%-36.1% LNTH 267% · HAE 76% · MMSI 33%
Life Sciences Tools & Services 108 -6.2%-10.3%-74.1% AXGN 288% · NTRA 253% · MEDP 189%
Biotechnology ← 364 -21.1%-31.5%-81.7% ELVN 1112% · TRVI 1046% · DNTH 930%
Health Care Technology 21 -23.4%-56.5%-82.3% VEEV -3% · DOCS -52%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Phio Pharmaceuticals Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

PHIOVRTXASPEATYRBBTXCTYMedian
NamePhio Pha.Vertex P.Aspen Ne.aTyr Pha.Bambusa .City The. 
Mkt Price0.92553.7513.196.1015.5116.0114.35
Mkt Cap0.0140.4----70.2
Rev LTM012,952-0--0
Op Inc LTM-134,288--64---13
FCF LTM-123,202--55---12
FCF 3Y Avg-91,729--58---9
CFO LTM-123,695--55---12
CFO 3Y Avg-92,190--58---9

Growth & Margins

PHIOVRTXASPEATYRBBTXCTYMedian
NamePhio Pha.Vertex P.Aspen Ne.aTyr Pha.Bambusa .City The. 
Rev Chg LTM-10.5%----10.5%
Rev Chg 3Y Avg-10.3%----10.3%
Rev Chg Q-11.8%----11.8%
QoQ Delta Rev Chg LTM-2.9%-0.0%--1.4%
Op Inc Chg LTM-81.0%4,760.7%-8.8%--8.8%
Op Inc Chg 3Y Avg-12.2%1,548.2%--11.3%---11.3%
Op Mgn LTM-33.1%--33,609.5%---16,788.2%
Op Mgn 3Y Avg-22.4%----22.4%
QoQ Delta Op Mgn LTM--4.8%-4,964.2%--2,479.7%
CFO/Rev LTM-28.5%--28,705.3%---14,338.4%
CFO/Rev 3Y Avg-17.4%----17.4%
FCF/Rev LTM-24.7%--28,852.1%---14,413.7%
FCF/Rev 3Y Avg-13.5%----13.5%

Valuation

PHIOVRTXASPEATYRBBTXCTYMedian
NamePhio Pha.Vertex P.Aspen Ne.aTyr Pha.Bambusa .City The. 
Mkt Cap0.0140.4----70.2
P/S-10.8----10.8
P/Op Inc-0.832.7----16.0
P/EBIT-0.830.8----15.0
P/E-0.835.3----17.2
P/CFO-0.938.0----18.6
Total Yield-127.7%2.9%-----62.4%
Dividend Yield0.0%0.0%----0.0%
FCF Yield 3Y Avg-150.3%1.5%-----74.4%
D/E0.00.0----0.0
Net D/E-1.20.0-----0.6

Returns

PHIOVRTXASPEATYRBBTXCTYMedian
NamePhio Pha.Vertex P.Aspen Ne.aTyr Pha.Bambusa .City The. 
1M Rtn-7.2%10.0%-11.4%23.0%3.5%-28.5%-1.8%
3M Rtn-14.0%14.2%-11.4%23.0%3.5%-28.5%-4.0%
6M Rtn-20.0%29.5%-11.4%23.0%3.5%-28.5%-4.0%
12M Rtn-43.6%31.3%-11.4%23.0%3.5%-28.5%-4.0%
3Y Rtn-92.3%47.2%-11.4%23.0%3.5%-28.5%-4.0%
1M Excs Rtn-4.1%13.5%-8.1%26.1%6.6%-25.4%1.2%
3M Excs Rtn-11.3%16.2%-9.5%24.8%5.2%-26.7%-2.1%
6M Excs Rtn-22.9%26.7%-14.3%20.3%0.8%-31.2%-6.7%
12M Excs Rtn-61.6%19.4%-22.2%12.7%-6.6%-38.7%-14.4%
3Y Excs Rtn-178.3%-27.4%-95.8%-57.6%-75.3%-108.2%-85.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2019201820172016
Single Segment0000
Total0000


Net Income by Segment
$ Mil2024
Single Segment-7
Total-7


Assets by Segment
$ Mil20252024202320222021
Single Segment21691325
Total21691325


Price Behavior

Price Behavior
Market Price$0.87 
Market Cap ($ Bil)0.0 
First Trading Date01/04/2010 
Distance from 52W High-47.3% 
   50 Days200 Days
DMA Price$0.98$1.08
DMA Trenddowndown
Distance from DMA-11.6%-19.8%
 3M1YR
Volatility44.5%79.1%
Downside Capture150.25149.31
Upside Capture62.8644.52
Correlation (S&P 500)11.2%19.8%
PHIO Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta1.430.940.690.671.201.51
Up Beta1.99-0.75-0.401.121.392.16
Down Beta-0.590.360.411.342.060.88
Up Capture76%55%55%-5%15%13%
Bmk +ve Days12182862130427
Stock +ve Days10172858108315
Down Capture306%215%158%76%127%111%
Bmk -ve Days10253664121325
Stock -ve Days12213060131408

[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 PHIO
PHIO-53.4%79.1%-0.63-
Sector ETF (XLV)33.1%16.7%1.5314.8%
Equity (SPY)13.2%12.9%0.6818.8%
Gold (GLD)1.0%28.8%0.0313.9%
Commodities (DBC)35.9%21.2%1.34-3.8%
Real Estate (VNQ)14.3%14.1%0.709.6%
Bitcoin (BTCUSD)-28.2%43.4%-0.6524.9%

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 PHIO
PHIO-65.6%183.5%-0.06-
Sector ETF (XLV)9.3%15.3%0.4010.8%
Equity (SPY)12.5%17.2%0.5510.6%
Gold (GLD)17.3%19.1%0.733.0%
Commodities (DBC)8.0%19.6%0.292.2%
Real Estate (VNQ)1.8%18.9%-0.019.7%
Bitcoin (BTCUSD)5.5%51.5%0.295.0%

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 PHIO
PHIO-67.7%149.6%-0.25-
Sector ETF (XLV)12.5%16.8%0.6110.5%
Equity (SPY)15.4%18.0%0.7310.8%
Gold (GLD)11.9%16.5%0.592.0%
Commodities (DBC)7.4%18.1%0.334.6%
Real Estate (VNQ)5.7%20.7%0.238.0%
Bitcoin (BTCUSD)61.0%66.2%1.012.5%

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

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 930202652.4%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1.5 days
Basic Shares Quantity11.6 Mil
Short % of Basic Shares1.2%

Earnings Returns History

Updated 10/13/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/2026-1.9%2.8%1.9%
5/7/2026-6.1%-1.8%-4.4%
3/5/2026-0.9%6.8%7.7%
11/13/2025-9.1%-16.8%-24.5%
8/14/2025-0.5%-5.5%-2.7%
5/15/20253.4%3.4%39.3%
11/14/2024-0.9%13.5%27.4%
8/14/2024-1.5%17.6%25.6%
...
SUMMARY STATS   
# Positive7129
# Negative151013
Median Positive3.4%6.2%27.4%
Median Negative-3.1%-6.5%-10.2%
Max Positive8.2%29.7%42.2%
Max Negative-11.1%-27.0%-28.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/2026-1.9%2.8%1.9%
5/7/2026-6.1%-1.8%-4.4%
3/5/2026-0.9%6.8%7.7%
11/13/2025-9.1%-16.8%-24.5%
8/14/2025-0.5%-5.5%-2.7%
5/15/20253.4%3.4%39.3%
11/14/2024-0.9%13.5%27.4%
8/14/2024-1.5%17.6%25.6%
5/9/2024-8.5%-4.9%-1.6%
11/9/20235.9%-3.9%-13.7%
8/10/2023-1.8%0.0%-3.9%
5/11/2023-10.1%29.7%-23.7%
3/22/20238.2%9.0%-28.0%
11/10/2022-11.1%-27.0%-24.1%
8/11/2022-3.6%-5.6%-8.8%
5/12/20222.2%0.9%-0.8%
3/22/20224.4%5.5%42.2%
11/10/2021-3.1%-14.1%-24.5%
8/12/2021-1.7%-7.4%16.0%
5/13/20212.1%8.6%28.9%
3/25/20212.6%0.4%-10.2%
11/10/2020-5.2%-9.3%33.9%
SUMMARY STATS   
# Positive7129
# Negative151013
Median Positive3.4%6.2%27.4%
Median Negative-3.1%-6.5%-10.2%
Max Positive8.2%29.7%42.2%
Max Negative-11.1%-27.0%-28.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202503/05/202610-K
09/30/202511/13/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202403/31/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/09/202410-Q
12/31/202304/01/202410-K
09/30/202311/09/202310-Q
06/30/202308/10/202310-Q
03/31/202305/11/202310-Q
12/31/202203/22/202310-K
09/30/202211/10/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202503/05/202610-K
09/30/202511/13/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202403/31/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/09/202410-Q
12/31/202304/01/202410-K
09/30/202311/09/202310-Q
06/30/202308/10/202310-Q
03/31/202305/11/202310-Q
12/31/202203/22/202310-K
09/30/202211/10/202210-Q
06/30/202208/11/202210-Q
03/31/202205/12/202210-Q
12/31/202103/22/202210-K
09/30/202111/10/202110-Q
06/30/202108/12/202110-Q
03/31/202105/13/202110-Q
12/31/202003/25/202110-K
09/30/202011/10/202010-Q
06/30/202008/12/202010-Q
03/31/202005/12/202010-Q
12/31/201903/26/202010-K
09/30/201911/12/201910-Q

Recent Forward Guidance

Updated 11/2/2026

Latest: Q2 2026 Earnings Reported 8/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Cash RunwayReported      


Prior: Q1 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Cash RunwayReported      

Q4 2025 Earnings Reported 3/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Cash RunwayReported      

Insider Activity

Updated 9/30/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Plott, Ronald ToddDirectBuy93020261.045,0005,20043,680Form
2Plott, Ronald ToddDirectBuy93020261.035,0005,15038,110Form
3Bradford, Patricia ADirectBuy92520261.016,5006,58364,966Form
4Bitterman, Robert JChairman, Pres. & CEODirectBuy92320261.032,0002,058375,416Form
5Bradford, Patricia ADirectBuy91620261.0312,00012,36059,381Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Plott, Ronald ToddDirectBuy93020261.045,0005,20043,680Form
2Plott, Ronald ToddDirectBuy93020261.035,0005,15038,110Form
3Bradford, Patricia ADirectBuy92520261.016,5006,58364,966Form
4Bitterman, Robert JChairman, Pres. & CEODirectBuy92320261.032,0002,058375,416Form
5Bradford, Patricia ADirectBuy91620261.0312,00012,36059,381Form
6Bitterman, Robert JChairman, Pres. & CEODirectBuy81920261.0610,00010,600457,306Form
7Bitterman, Robert JChairman, Pres. & CEODirectBuy62920260.9910,0009,900417,207Form
8Bitterman, Robert JChairman, Pres. & CEODirectBuy10220261.035,0005,150300,164Form
9Bitterman, Robert JChairman, Pres. & CEODirectBuy122920251.025,0005,100292,149Form
10Bitterman, Robert JChairman, Pres. & CEODirectBuy112420251.145,0005,700320,820Form
11Bitterman, Robert JChairman, Pres. & CEODirectBuy111920251.275,0006,350351,055Form
Core Cache Last Updated: 11/4/2026