AVITA Medical (RCEL)
Market Price (8/20/2026): $10.205 | Market Cap: $313.8 MilSector: Health Care | Industry: Life Sciences Tools & Services
AVITA Medical (RCEL)
Market Price (8/20/2026): $10.205Market Cap: $313.8 MilSector: Health CareIndustry: Life Sciences Tools & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Precision Medicine, and Biotechnology & Genomics. Themes include Targeted Therapies, and Regenerative Therapies. | Trading close to highsDist 52W High is 0.0% Weak multi-year price returns2Y Excs Rtn is -26%, 3Y Excs Rtn is -115% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.1 | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -35 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -47% Stock price has recently run up significantly6M Rtn6 month market price return is 140%, 12M Rtn12 month market price return is 112% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -34% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 169% 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 -18% High stock price volatilityVol 12M is 110% Key risksRCEL key risks include [1] a crippling backlog of unpaid CMS claims for its RECELL product that has severely impacted revenue, Show more. |
| Megatrend and thematic driversMegatrends include Precision Medicine, and Biotechnology & Genomics. Themes include Targeted Therapies, and Regenerative Therapies. |
| Trading close to highsDist 52W High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -26%, 3Y Excs Rtn is -115% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.1 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -35 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -47% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 140%, 12M Rtn12 month market price return is 112% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -34% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 169% |
| 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 -18% |
| High stock price volatilityVol 12M is 110% |
| Key risksRCEL key risks include [1] a crippling backlog of unpaid CMS claims for its RECELL product that has severely impacted revenue, Show more. |
Qualitative Assessment
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AVITA Medical (RCEL) stock has gained about 140% since 4/30/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Financial Performance and Raised Full-Year Guidance.
AVITA Medical reported record net revenue of $21.7 million for fiscal Q2 2026, an 18% increase year-over-year and 13% sequentially, surpassing analyst estimates of $20.25 million. The company also beat EPS estimates, reporting a net loss of $0.25 per share against an anticipated loss of $0.29 per share. This outperformance led management to raise its full-year 2026 net revenue guidance to a range of $86 million to $89 million, up from the previous range of $80 million to $85 million, implying 20-24% growth over 2025. Furthermore, AVITA Medical announced expectations to achieve cash flow breakeven in fiscal Q4 2026, with net cash use significantly improving to approximately $3.2 million in Q2 2026 from $9.9 million in fiscal Q1 2026. This positive earnings report and upgraded outlook resulted in a significant stock surge of 63.6% following the announcement.
2. Positive PermeaDerm-I Clinical Study Results.
On August 18, 2026, AVITA Medical announced positive results from its multicenter, randomized controlled PermeaDerm-I clinical study. The study demonstrated that PermeaDerm, a biosynthetic wound matrix, achieved a 70% economic advantage over cadaveric allograft based on product cost per percent total body surface area treated, with a mean treatment cost of $148.70 for PermeaDerm compared to $497.10 for allograft. The trial also showed comparable clinical outcomes, with approximately 94% of PermeaDerm patients achieving at least 95% graft take one week following autografting, and all patients in both groups reaching 95% or greater wound healing by eight weeks. PermeaDerm also reduced preparation time by 95.7%. This favorable clinical data, highlighting cost-effectiveness and comparable efficacy, led to a 24.68% surge in the stock price.
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AVITA Medical (RCEL) stock has gained about 140% since 4/30/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Financial Performance and Raised Full-Year Guidance.
AVITA Medical reported record net revenue of $21.7 million for fiscal Q2 2026, an 18% increase year-over-year and 13% sequentially, surpassing analyst estimates of $20.25 million. The company also beat EPS estimates, reporting a net loss of $0.25 per share against an anticipated loss of $0.29 per share. This outperformance led management to raise its full-year 2026 net revenue guidance to a range of $86 million to $89 million, up from the previous range of $80 million to $85 million, implying 20-24% growth over 2025. Furthermore, AVITA Medical announced expectations to achieve cash flow breakeven in fiscal Q4 2026, with net cash use significantly improving to approximately $3.2 million in Q2 2026 from $9.9 million in fiscal Q1 2026. This positive earnings report and upgraded outlook resulted in a significant stock surge of 63.6% following the announcement.
2. Positive PermeaDerm-I Clinical Study Results.
On August 18, 2026, AVITA Medical announced positive results from its multicenter, randomized controlled PermeaDerm-I clinical study. The study demonstrated that PermeaDerm, a biosynthetic wound matrix, achieved a 70% economic advantage over cadaveric allograft based on product cost per percent total body surface area treated, with a mean treatment cost of $148.70 for PermeaDerm compared to $497.10 for allograft. The trial also showed comparable clinical outcomes, with approximately 94% of PermeaDerm patients achieving at least 95% graft take one week following autografting, and all patients in both groups reaching 95% or greater wound healing by eight weeks. PermeaDerm also reduced preparation time by 95.7%. This favorable clinical data, highlighting cost-effectiveness and comparable efficacy, led to a 24.68% surge in the stock price.
3. Expanding Product Portfolio Performance and Improved Reimbursement Clarity.
AVITA Medical demonstrated strong commercial execution across its growing product portfolio. RECELL revenue grew approximately 11% sequentially in fiscal Q2 2026, with contributions from the RECELL GO mini system for smaller wounds and normalized utilization following reimbursement stabilization. The company's other products also showed momentum, with Cohealyx revenue increasing 16% sequentially and PermeaDerm revenue surging 40% sequentially in fiscal Q2 2026. Positive interim Cohealyx data, showing approximately a 20-day faster readiness for skin grafting, further strengthened the product's positioning. Additionally, the clarification of payment rates for clinician use of RECELL by all seven Medicare Administrative Contractors (MACs) supported broader and more consistent utilization. Proposed 2027 Medicare payment updates, which would establish national physician payment and increase facility payment rates for RECELL, also contributed to a positive outlook.
4. Favorable Analyst Ratings and Increased Price Targets.
Following the company's positive announcements, several brokerage firms updated their ratings and price targets, contributing to investor confidence. On August 19, 2026, TD Cowen reiterated its "Buy" rating for RCEL and raised its price target from $12.00 to $14.00, representing a 16.67% increase. Other analysts also provided positive sentiment; for example, BTIG Research raised Avita Medical from a "Neutral" to a "Buy" rating and set a $7.00 target price on August 7, 2026. The consensus average 12-month price target among analysts sits at $8.25. This increasingly positive analyst sentiment signals growing confidence in AVITA Medical's growth trajectory and market position.
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Stock Movement Drivers
Fundamental Drivers
The 139.4% change in RCEL stock from 4/30/2026 to 8/19/2026 was primarily driven by a 129.2% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8192026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.32 | 10.34 | 139.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 72 | 76 | 5.6% |
| P/S Multiple | 1.8 | 4.2 | 129.2% |
| Shares Outstanding (Mil) | 30 | 31 | -1.1% |
| Cumulative Contribution | 139.4% |
Market Drivers
4/30/2026 to 8/19/2026| Return | Correlation | |
|---|---|---|
| RCEL | 139.4% | |
| Market (SPY) | 7.0% | 10.0% |
| Sector (XLV) | 20.3% | 15.9% |
Fundamental Drivers
The 134.5% change in RCEL stock from 1/31/2026 to 8/19/2026 was primarily driven by a 143.1% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 8192026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.41 | 10.34 | 134.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 72 | 76 | 4.5% |
| P/S Multiple | 1.7 | 4.2 | 143.1% |
| Shares Outstanding (Mil) | 28 | 31 | -7.7% |
| Cumulative Contribution | 134.5% |
Market Drivers
1/31/2026 to 8/19/2026| Return | Correlation | |
|---|---|---|
| RCEL | 134.5% | |
| Market (SPY) | 11.4% | 20.4% |
| Sector (XLV) | 14.0% | 18.9% |
Fundamental Drivers
The 95.1% change in RCEL stock from 7/31/2025 to 8/19/2026 was primarily driven by a 116.5% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8192026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.30 | 10.34 | 95.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 72 | 76 | 5.5% |
| P/S Multiple | 1.9 | 4.2 | 116.5% |
| Shares Outstanding (Mil) | 26 | 31 | -14.6% |
| Cumulative Contribution | 95.1% |
Market Drivers
7/31/2025 to 8/19/2026| Return | Correlation | |
|---|---|---|
| RCEL | 95.1% | |
| Market (SPY) | 22.7% | 19.2% |
| Sector (XLV) | 36.4% | 7.6% |
Fundamental Drivers
The -48.9% change in RCEL stock from 7/31/2023 to 8/19/2026 was primarily driven by a -69.2% change in the company's P/S Multiple.| (LTM values as of) | 7312023 | 8192026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.25 | 10.34 | -48.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 37 | 76 | 102.0% |
| P/S Multiple | 13.6 | 4.2 | -69.2% |
| Shares Outstanding (Mil) | 25 | 31 | -18.0% |
| Cumulative Contribution | -48.9% |
Market Drivers
7/31/2023 to 8/19/2026| Return | Correlation | |
|---|---|---|
| RCEL | -48.9% | |
| Market (SPY) | 73.9% | 25.1% |
| Sector (XLV) | 37.1% | 15.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RCEL Return | -36% | -45% | 108% | -7% | -73% | 186% | -47% |
| Peers Return | 1% | -33% | 52% | 1% | -1% | -2% | 0% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| RCEL Win Rate | 33% | 25% | 67% | 50% | 25% | 75% | |
| Peers Win Rate | 55% | 42% | 58% | 48% | 48% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| RCEL Max Drawdown | -59% | -63% | -55% | -58% | -77% | -33% | |
| Peers Max Drawdown | -46% | -50% | -39% | -39% | -47% | -41% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: IART, ORGO, MDXG, VCEL, INCY.
[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 8/19/2026 (YTD)
How Low Can It Go
| Event | RCEL | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -48.5% | -9.5% |
| % Gain to Breakeven | 94.1% | 10.5% |
| Time to Breakeven | 122 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -62.7% | -24.5% |
| % Gain to Breakeven | 168.2% | 32.4% |
| Time to Breakeven | 133 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -63.4% | -33.7% |
| % Gain to Breakeven | 173.3% | 50.9% |
| Time to Breakeven | 104 days | 140 days |
In The Past
AVITA Medical's stock fell -5.1% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 5.3% gain to breakeven.
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Asset Allocation
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| Event | RCEL | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -48.5% | -9.5% |
| % Gain to Breakeven | 94.1% | 10.5% |
| Time to Breakeven | 122 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -62.7% | -24.5% |
| % Gain to Breakeven | 168.2% | 32.4% |
| Time to Breakeven | 133 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -63.4% | -33.7% |
| % Gain to Breakeven | 173.3% | 50.9% |
| Time to Breakeven | 104 days | 140 days |
In The Past
AVITA Medical's stock fell -5.1% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 5.3% 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 AVITA Medical (RCEL)
AVITA Medical Inc. (RCEL) is a commercial-stage regenerative tissue company focused on developing solutions derived from a patient's own skin to address unmet medical needs. Operating in the United States, Australia, and the United Kingdom, the company targets a range of conditions including burn injuries, trauma, chronic wounds, and various dermatological and aesthetic indications like vitiligo. Its core patented and proprietary platform technology harnesses the natural regenerative properties of human skin to create innovative treatment options.
The company's flagship product is the RECELL System, a proprietary device that allows healthcare professionals to quickly prepare a suspension of "Spray-On Skin" cells using only a small sample of the patient's own healthy skin. This suspension is then applied to the wound or affected area. Currently, the RECELL System is primarily used for the treatment of acute thermal burns in patients eighteen years and older, significantly reducing the amount of donor skin required. AVITA Medical is also exploring its technology's potential through research collaborations for applications such as genetically corrected cells and cellular aging reversal, indicating a broader future scope beyond its current burn treatment focus.
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Here are 1-2 brief analogies for AVITA Medical (RCEL):
- Align Technology (Invisalign) for regenerative skin treatments.
- Intuitive Surgical (Da Vinci robots) for regenerative skin repair.
AI Analysis | Feedback
- RECELL System: A device used by healthcare professionals to create a suspension of Spray-On Skin cells from a patient's own skin for treating acute thermal burns.
AI Analysis | Feedback
AVITA Medical (RCEL) sells its products, primarily the RECELL System, to various healthcare institutions and professionals who treat patients with burn injuries, trauma injuries, chronic wounds, and dermatological conditions like vitiligo. As such, the company's customers are not individual patients, but rather healthcare providers and facilities.
Given the nature of its products and sales model, AVITA Medical sells to a broad base of healthcare organizations rather than a few major public company customers that would typically be listed by name and stock symbol. Therefore, its major customers can be categorized as follows:
- Hospitals and Burn Centers: These institutions are the primary customers for the RECELL System, as it is used by healthcare professionals for the treatment of acute thermal burns.
- Trauma Centers: Expanding beyond just burns, trauma centers would utilize AVITA Medical's regenerative products for various trauma injuries requiring skin reconstruction or healing.
- Dermatology and Aesthetics Clinics: For indications such as vitiligo and other dermatological or aesthetic applications mentioned in the company description, specialized clinics focusing on skin conditions and cosmetic procedures would be customers.
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Cary Vance
Interim Chief Executive Officer
Cary Vance was appointed Interim Chief Executive Officer of AVITA Medical in October 2025. He has been a member of AVITA Medical's Board of Directors since 2023. Mr. Vance brings over 30 years of experience in the healthcare industry, having previously served as President and CEO of several innovative companies, including PhotoniCare, Inc., Titan Medical Inc., Optiscan Biomedical, Hansen Medical, and XCath. His career also includes various global leadership roles at Teleflex, Covidien, and GE HealthCare.
David O'Toole
Chief Financial Officer
David O'Toole was appointed Chief Financial Officer of AVITA Medical, effective June 15, 2023. He is an accomplished financial executive with over 30 years of experience in global corporate finance, capital markets, and accounting within biotech and life sciences companies. Prior to joining AVITA Medical, Mr. O'Toole served as CFO of Opiant Pharmaceuticals, a biopharmaceutical company that was acquired by Indivior PLC in March 2023. Before Opiant, he was the CFO of Soleno Therapeutics. He also held CFO roles for three other publicly traded life sciences companies prior to Soleno. Mr. O'Toole spent 24 years in public accounting, including 16 years with Deloitte & Touche.
Ben Atkins
Vice President of Investor Relations & Corporate Communications
Ben Atkins serves as the Vice President of Investor Relations & Corporate Communications for AVITA Medical. He was mentioned in this role during the company's February 2026 quarterly webinar and as an investor relations contact in January 2026 and October 2025 announcements.
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Here are the key risks to AVITA Medical (RCEL):
- Financial Health and Going Concern: AVITA Medical has consistently experienced significant losses and anticipates continued losses in the foreseeable future. The company carries substantial debt obligations under its credit agreements, which include restrictive covenants, and failure to meet revenue targets could result in default, necessitating additional, potentially dilutive, financing. Recent reports highlight negative shareholder equity, a limited cash runway, and concerns about monthly cash burn. The company has also issued a "going concern" warning due to expected non-compliance with a minimum cash covenant under its senior secured credit facility. Despite a robust gross profit margin, high operating expenses contribute to ongoing net losses.
- Market Adoption and Reimbursement Challenges for the RECELL System: AVITA Medical faces challenges in achieving widespread market adoption for its RECELL System. The requirement for extensive training and certification for healthcare providers can restrict market spread by limiting the number of practitioners qualified to administer the treatment, thereby reducing patient accessibility. Furthermore, unforeseen payment problems affecting customers by the Centers for Medicare and Medicaid Services (CMS) significantly impacted sales momentum and revenue for RECELL Go in 2025, constraining demand. The cost of the RECELL System, if perceived as too high compared to alternatives, could also limit its adoption despite its proven effectiveness and long-term cost savings. Value Analysis Committee (VAC) approvals in hospitals also delay the onboarding of new accounts.
- Intense Competition: AVITA Medical operates within a highly competitive and innovative acute wound care market, facing challenges in maintaining its competitive edge. The regenerative medicine sector is dynamic, with existing players and new entrants continually developing advanced technologies and treatment solutions. Competitors may offer treatments that require less intensive training or are more cost-effective, potentially diminishing RECELL's market share.
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AVITA Medical Inc. (RCEL) is anticipated to drive future revenue growth over the next 2-3 years through several key initiatives and market dynamics:
- Normalization of RECELL System Utilization and Improved Reimbursement Clarity: A significant factor expected to boost revenue is the fading of reimbursement uncertainties that impacted RECELL utilization in 2025. With six of the seven Medicare administrative contractors now having published payment rates for RECELL procedures, a key constraint has been removed, restoring clinician confidence and leading to an anticipated normalization of RECELL usage. This improved clarity is expected to support consistent execution and drive predictable growth.
- Expanded Adoption and Utilization of a Multi-Product Platform (CoHiliX and PermeaDerm): AVITA Medical is transitioning to a multi-product platform strategy, with its newer offerings, CoHiliX and PermeaDerm, expected to provide incremental contributions to revenue. These products are being used repeatedly by clinicians across various patient episodes, and their adoption within core accounts is a key commercial focus. Clinical study data for both CoHiliX and PermeaDerm are expected later in 2026, which could further drive adoption.
- Increased Penetration and Repeat Use within Core Burn and Trauma Centers: The company has strategically refined its commercial focus on approximately 200 core burn and trauma centers, which currently generate about 90% of its revenue. Future growth is expected to come from driving repeat utilization and multi-product adoption within these existing institutions, rather than solely from expanding to new accounts.
- Launch and Growth of New Products, including RECELL GO mini: The introduction of new products, such as the RECELL GO mini, is anticipated to contribute significantly to revenue growth. The RECELL GO mini is designed for smaller wounds and is addressing a substantial number of trauma cases annually in the U.S., expanding AVITA Medical's addressable market.
- International Market Expansion: While the U.S. remains a primary focus, AVITA Medical is also pursuing international expansion. The company has supported initial clinical use of RECELL GO in several European markets following CE Mark approval and plans a launch in Japan through a distribution partner. These international market entries are expected to contribute to overall revenue growth and market penetration.
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Capital Allocation Decisions (Last 3-5 Years)
Share Issuance
- AVITA Medical issued common stock in lieu of a cash payment in the second quarter of 2025, as part of amending its credit terms with OrbiMed.
- The company's number of outstanding shares increased by 7.64% in one year.
Inbound Investments
- In January 2026, AVITA Medical closed a five-year credit facility providing up to $60 million in capital from Perceptive Advisors.
- An initial $50 million was funded from this facility, with an option to draw an additional $10 million through the first quarter of 2027.
- The proceeds from this new credit facility were used to repay the company's outstanding debt and to support further growth of its acute wound care portfolio.
Capital Expenditures
- In the last 12 months (approximately for fiscal year 2025), AVITA Medical reported capital expenditures of -$1.01 million.
Peer Outperformance in Life Sciences Tools & Services
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| RCEL | AVITA Medical | 23.9% | -7.4x | 112.3% | -34.7% | -40.9% | — |
| IRTC | iRhythm | 22.3% | -294.2x | -21.3% | 13.4% | 180.7% | +222pp |
| TWST | Twist Bioscience | 22.4% | -65.0x | 416.3% | 631.7% | 41.7% | +83pp |
| ADPT | Adaptive Biotechnologies | 20.2% | -63.8x | 102.9% | 309.8% | -16.5% | +24pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care Distributors | 7 | 8.4% | 80.2% | 137.8% | CAH 410% · MCK 337% · COR 180% |
| Health Care Services | 20 | 19.9% | 44.4% | 9.4% | HIMS 337% · RDNT 147% · DGX 75% |
| Managed Health Care | 8 | 32.1% | -4.0% | -0.3% | OSCR 138% · HQY 65% · ELV 13% |
| Health Care Facilities | 24 | 8.8% | -3.9% | -15.3% | THC 270% · NHC 261% · ENSG 126% |
| Health Care Equipment | 51 | -1.1% | -6.1% | -17.6% | POCI 11000% · UFPT 381% · GKOS 287% |
| Health Care Supplies | 12 | 38.2% | -12.0% | -25.7% | LNTH 302% · HAE 82% · MMSI 33% |
| Pharmaceuticals | 63 | 7.3% | 0.7% | -29.1% | LQDA 2808% · INDV 1373% · ETON 1294% |
| Life Sciences Tools & Services ← | 108 | -0.5% | -31.3% | -70.9% | SNWV 1990% · ELMD 257% · MEDP 241% |
| Health Care Technology | 20 | -23.4% | -53.0% | -73.9% | SPOK 118% · HSTM -3% · VEEV -22% |
| Biotechnology | 366 | 17.1% | -23.9% | -76.7% | BRTX 106550% · DNTH 1652% · CELZ 1500% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| AVITA Medical Earnings Notes | 12/16/2025 | |
| Can AVITA Medical Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 13.79 |
| Mkt Cap | 1.0 |
| Rev LTM | 405 |
| Op Inc LTM | 13 |
| FCF LTM | 31 |
| FCF 3Y Avg | 12 |
| CFO LTM | 58 |
| CFO 3Y Avg | 53 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.7% |
| Rev Chg 3Y Avg | 12.6% |
| Rev Chg Q | 9.3% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Inc Chg LTM | 54.8% |
| Op Inc Chg 3Y Avg | 97.5% |
| Op Mgn LTM | 3.2% |
| Op Mgn 3Y Avg | 2.2% |
| QoQ Delta Op Mgn LTM | 0.9% |
| CFO/Rev LTM | 10.0% |
| CFO/Rev 3Y Avg | 10.4% |
| FCF/Rev LTM | 8.1% |
| FCF/Rev 3Y Avg | 2.9% |
Price Behavior
| Market Price | $10.34 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 10/02/2019 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $5.04 | $4.35 |
| DMA Trend | up | up |
| Distance from DMA | 105.0% | 137.5% |
| 3M | 1YR | |
| Volatility | 153.7% | 109.9% |
| Downside Capture | -126.64 | 172.70 |
| Upside Capture | 297.82 | 222.19 |
| Correlation (SPY) | 10.7% | 19.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.07 | 0.89 | 0.85 | 1.61 | 1.63 | 1.44 |
| Up Beta | -1.43 | 0.17 | -0.03 | 0.39 | 0.61 | 1.31 |
| Down Beta | 5.72 | 2.83 | 1.29 | 1.27 | 1.59 | 0.97 |
| Up Capture | 78% | 41% | 90% | 254% | 211% | 201% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 10 | 19 | 30 | 56 | 110 | 345 |
| Down Capture | -20% | 31% | 100% | 183% | 158% | 112% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 22 | 31 | 66 | 131 | 382 |
[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 RCEL | |
|---|---|---|---|---|
| RCEL | 86.8% | 110.4% | 1.00 | - |
| Sector ETF (XLV) | 31.1% | 15.8% | 1.51 | 8.4% |
| Equity (SPY) | 20.7% | 12.8% | 1.19 | 19.6% |
| Gold (GLD) | 35.0% | 28.8% | 1.04 | 18.2% |
| Commodities (DBC) | 41.4% | 20.2% | 1.60 | -3.1% |
| Real Estate (VNQ) | 15.3% | 13.9% | 0.78 | 10.8% |
| Bitcoin (BTCUSD) | -44.7% | 42.7% | -1.27 | 17.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RCEL | |
|---|---|---|---|---|
| RCEL | -10.8% | 81.7% | 0.21 | - |
| Sector ETF (XLV) | 7.6% | 15.1% | 0.31 | 18.8% |
| Equity (SPY) | 13.1% | 17.2% | 0.59 | 30.2% |
| Gold (GLD) | 20.4% | 18.6% | 0.89 | 10.7% |
| Commodities (DBC) | 9.8% | 19.6% | 0.39 | 7.1% |
| Real Estate (VNQ) | 2.4% | 18.9% | 0.03 | 23.2% |
| Bitcoin (BTCUSD) | 7.2% | 52.6% | 0.32 | 17.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RCEL | |
|---|---|---|---|---|
| RCEL | 3.8% | 172.4% | 0.39 | - |
| Sector ETF (XLV) | 10.8% | 16.7% | 0.53 | 16.2% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 19.3% |
| Gold (GLD) | 12.5% | 16.2% | 0.63 | 5.2% |
| Commodities (DBC) | 7.9% | 18.1% | 0.35 | 6.9% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 16.4% |
| Bitcoin (BTCUSD) | 60.0% | 66.0% | 1.00 | 7.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/17/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 63.6% | 68.6% | |
| 5/14/2026 | 4.6% | 2.8% | -9.9% |
| 2/12/2026 | 11.8% | 28.8% | 24.2% |
| 11/6/2025 | 10.9% | 10.0% | 3.8% |
| 8/7/2025 | -21.0% | 7.8% | -21.7% |
| 5/8/2025 | -25.3% | -31.7% | -34.5% |
| 2/13/2025 | 20.4% | 11.0% | 2.8% |
| 11/7/2024 | -3.6% | 1.5% | 10.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 15 | 11 |
| # Negative | 9 | 9 | 12 |
| Median Positive | 4.6% | 7.8% | 10.5% |
| Median Negative | -3.6% | -7.0% | -14.3% |
| Max Positive | 63.6% | 68.6% | 43.9% |
| Max Negative | -25.3% | -31.7% | -34.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 63.6% | 68.6% | |
| 5/14/2026 | 4.6% | 2.8% | -9.9% |
| 2/12/2026 | 11.8% | 28.8% | 24.2% |
| 11/6/2025 | 10.9% | 10.0% | 3.8% |
| 8/7/2025 | -21.0% | 7.8% | -21.7% |
| 5/8/2025 | -25.3% | -31.7% | -34.5% |
| 2/13/2025 | 20.4% | 11.0% | 2.8% |
| 11/7/2024 | -3.6% | 1.5% | 10.5% |
| 8/8/2024 | 20.7% | 17.4% | 14.4% |
| 5/13/2024 | 4.4% | -2.2% | 6.0% |
| 2/22/2024 | 0.5% | 6.6% | -7.8% |
| 11/9/2023 | 14.3% | 27.3% | 29.7% |
| 8/10/2023 | 1.0% | -11.3% | -12.5% |
| 5/12/2023 | 4.4% | -5.9% | 36.6% |
| 11/14/2022 | 0.9% | 5.6% | 7.0% |
| 8/12/2022 | -1.9% | -6.8% | -8.1% |
| 5/17/2022 | -4.4% | -3.5% | -17.0% |
| 3/1/2022 | -5.8% | -19.2% | -19.0% |
| 1/11/2022 | -0.5% | -9.1% | -16.0% |
| 11/12/2021 | -0.1% | -7.0% | -25.4% |
| 8/27/2021 | -1.9% | 1.9% | -12.2% |
| 6/17/2021 | 0.2% | 4.2% | -8.4% |
| 1/12/2021 | 11.6% | 30.7% | 43.9% |
| 8/31/2020 | 1.1% | 5.8% | 0.4% |
| SUMMARY STATS | |||
| # Positive | 15 | 15 | 11 |
| # Negative | 9 | 9 | 12 |
| Median Positive | 4.6% | 7.8% | 10.5% |
| Median Negative | -3.6% | -7.0% | -14.3% |
| Max Positive | 63.6% | 68.6% | 43.9% |
| Max Negative | -25.3% | -31.7% | -34.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/13/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/13/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 02/28/2022 | 10-KT |
| 09/30/2021 | 11/08/2021 | 10-Q |
| 06/30/2021 | 08/26/2021 | 10-K |
| 03/31/2021 | 05/13/2021 | 10-Q |
| 12/31/2020 | 02/16/2021 | 10-Q |
| 09/30/2020 | 11/10/2020 | 10-Q |
| 06/30/2020 | 08/27/2020 | 10-K |
| 03/31/2020 | 04/29/2020 | 6-K |
| 12/31/2019 | 05/12/2020 | 6-K |
| 06/30/2019 | 10/31/2019 | 20-F |
Recent Forward Guidance
Updated 8/7/2026Latest: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 86.00 Mil | 87.50 Mil | 89.00 Mil | 6.1% | Raised | Guidance: 82.50 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/14/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 80.00 Mil | 82.50 Mil | 85.00 Mil | 0 | Affirmed | Guidance: 82.50 Mil for 2026 | |
| 2026 Revenue Growth | 12.0% | 15.5% | 19.0% | 0 | Affirmed | Guidance: 15.5% for 2026 | |
Q4 2025 Earnings Reported 2/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 15.40 Mil | ||||||
| 2026 Revenue | 80.00 Mil | 82.50 Mil | 85.00 Mil | ||||
| 2026 Revenue Growth | 12.0% | 15.5% | 19.0% | ||||
Q3 2025 Earnings Reported 11/6/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | 70.00 Mil | 72.00 Mil | 74.00 Mil | -8.3% | Lowered | Guidance: 78.50 Mil for 2025 | |
Insider Activity
Updated 6/12/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Woody, Joseph Fralin | Direct | Buy | 6112026 | 4.00 | 5,200 | 20,800 | 431,844 | Form | |
| 2 | Woody, Joseph Fralin | Direct | Buy | 6092026 | 4.19 | 10,000 | 41,900 | 430,569 | Form | |
| 3 | Woody, Joseph Fralin | Direct | Buy | 6052026 | 4.09 | 10,000 | 40,949 | 379,847 | Form | |
| 4 | Woody, Joseph Fralin | Direct | Buy | 6032026 | 4.19 | 10,000 | 41,936 | 83,873 | Form | |
| 5 | Woody, Joseph Fralin | Direct | Buy | 6032026 | 4.30 | 10,000 | 43,000 | 43,000 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Woody, Joseph Fralin | Direct | Buy | 6112026 | 4.00 | 5,200 | 20,800 | 431,844 | Form | |
| 2 | Woody, Joseph Fralin | Direct | Buy | 6092026 | 4.19 | 10,000 | 41,900 | 430,569 | Form | |
| 3 | Woody, Joseph Fralin | Direct | Buy | 6052026 | 4.09 | 10,000 | 40,949 | 379,847 | Form | |
| 4 | Woody, Joseph Fralin | Direct | Buy | 6032026 | 4.19 | 10,000 | 41,936 | 83,873 | Form | |
| 5 | Woody, Joseph Fralin | Direct | Buy | 6032026 | 4.30 | 10,000 | 43,000 | 43,000 | Form | |
| 6 | O'Toole, David D | CFO | Direct | Buy | 5202026 | 4.26 | 2,000 | 8,520 | 621,649 | Form |
| 7 | O'Toole, David D | CFO | Direct | Buy | 5192026 | 4.24 | 2,000 | 8,480 | 610,250 | Form |
| 8 | O'Toole, David D | CFO | Direct | Buy | 3112026 | 4.78 | 1,800 | 8,604 | 678,411 | Form |
| 9 | O'Toole, David D | CFO | Direct | Buy | 2232026 | 4.15 | 3,000 | 12,450 | 581,527 | Form |
| 10 | McNamara, Robert | Direct | Buy | 8292025 | 4.50 | 10,000 | 45,000 | 390,470 | Form | |
| 11 | O'Toole, David D | CFO | Direct | Buy | 8262025 | 4.52 | 2,000 | 9,040 | 143,090 | Form |
| 12 | McNamara, Robert | Direct | Buy | 8202025 | 5.00 | 10,000 | 50,000 | 383,855 | Form | |
| 13 | O'Toole, David D | CFO | Direct | Buy | 8122025 | 4.81 | 2,000 | 9,620 | 142,650 | Form |
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Industry Resources
| Health Care Resources |
| U.S. National Library of Medicine |
| ClinicalTrials.gov |
| Modern Healthcare |
| Healthcare Dive |
| Fierce Healthcare |
| Health Affairs |
| Health Data Management |
| FDA Tracker |
| Life Sciences Tools & Services Resources |
| GenomeWeb |
| BioSpace |
| The Scientist |
External Quote Links
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| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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