Alpha Teknova (TKNO)


Market Price (10/21/2026): $5.68 | Market Cap: $304.6 MilSector: Health Care | Industry: Pharmaceuticals

Alpha Teknova (TKNO)


Market Price (10/21/2026): $5.68
Market Cap: $304.6 Mil
Sector: Health Care
Industry: Pharmaceuticals

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

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 -12%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -16 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -36%

Stock price has recently run up significantly
6M Rtn6 month market price return is 136%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -17%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 145%

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 -8.2%

Key risks
TKNO key risks include [1] high customer concentration and [2] ongoing unprofitability and negative cash flow.

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 -12%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -16 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -36%
3 Stock price has recently run up significantly
6M Rtn6 month market price return is 136%
4 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -17%
5 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 145%
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 -8.2%
7 Key risks
TKNO key risks include [1] high customer concentration and [2] ongoing unprofitability and negative cash flow.

TKNO in ETFs

Weight = TKNO's share of each fund

VTI0.00%
IWM0.00%
IWN0.59%
IBB0.01%
VTWO0.00%
DFAS0.00%
IWO0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/20/2026

Alpha Teknova (TKNO) stock has gained about 30% since 6/30/2026 because of the following key factors:

1. Favorable analyst coverage and price target upgrades boosted investor confidence.

Multiple analyst firms initiated or upgraded their ratings and price targets for Alpha Teknova during the period. Jefferies initiated coverage with a Buy rating and a $9 price target on September 17, 2026. BTIG upgraded the stock from Neutral to Buy with an $8 price target on August 11, 2026. Furthermore, TD Cowen maintained a Buy rating and increased its price target from $7 to $11 on October 13, 2026, while Roth MKM raised its price target from $8 to $10 on September 22, 2026. These actions contributed to a consensus "Strong Buy" rating among analysts, with an average price target of $9.67. Alpha Teknova also received an upgrade to a Zacks Rank #2 (Buy) on October 1, 2026, reflecting growing optimism about its earnings prospects.

2. Preliminary strong fiscal Q3 2026 financial results indicated significant operational improvements.

Alpha Teknova announced preliminary unaudited financial results for fiscal Q3 2026, which ended September 30, 2026, showcasing substantial year-over-year growth and efficiency gains. The company estimated revenue for the quarter to be between $12.5 million and $12.7 million, representing a 19% to 21% increase compared to the same period in the prior year. Additionally, gross margin was projected to expand by 500 to 700 basis points, ranging between 36.0% and 38.0%. Adjusted EBITDA was estimated to be between negative $1.2 million and negative $1 million, indicating at least a 25% improvement year-over-year due to continued cost discipline.

Show more
Updated on 10/20/2026

Alpha Teknova (TKNO) stock has gained about 30% since 6/30/2026 because of the following key factors:

1. Favorable analyst coverage and price target upgrades boosted investor confidence.

Multiple analyst firms initiated or upgraded their ratings and price targets for Alpha Teknova during the period. Jefferies initiated coverage with a Buy rating and a $9 price target on September 17, 2026. BTIG upgraded the stock from Neutral to Buy with an $8 price target on August 11, 2026. Furthermore, TD Cowen maintained a Buy rating and increased its price target from $7 to $11 on October 13, 2026, while Roth MKM raised its price target from $8 to $10 on September 22, 2026. These actions contributed to a consensus "Strong Buy" rating among analysts, with an average price target of $9.67. Alpha Teknova also received an upgrade to a Zacks Rank #2 (Buy) on October 1, 2026, reflecting growing optimism about its earnings prospects.

2. Preliminary strong fiscal Q3 2026 financial results indicated significant operational improvements.

Alpha Teknova announced preliminary unaudited financial results for fiscal Q3 2026, which ended September 30, 2026, showcasing substantial year-over-year growth and efficiency gains. The company estimated revenue for the quarter to be between $12.5 million and $12.7 million, representing a 19% to 21% increase compared to the same period in the prior year. Additionally, gross margin was projected to expand by 500 to 700 basis points, ranging between 36.0% and 38.0%. Adjusted EBITDA was estimated to be between negative $1.2 million and negative $1 million, indicating at least a 25% improvement year-over-year due to continued cost discipline.

3. Strategic product and technology developments expanded market opportunities.

Alpha Teknova advanced its product portfolio and technological capabilities, which positively impacted market sentiment. On October 2, 2026, Teknova and Pluristyx announced an FDA Drug Master File for the PluriFreeze™ Cryopreservation System. Earlier, on September 16, 2026, Teknova expanded its custom manufacturing services with the introduction of the Fill-Tek™ Dispensing System for Flexible Single-Use Bag Filling. The company also launched Build-Tek™, a proprietary AI Reagent Assistant, on August 5, 2026, designed to streamline custom product requests.

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Stock Movement Drivers

Fundamental Drivers

The 30.1% change in TKNO stock from 6/30/2026 to 10/20/2026 was primarily driven by a 24.5% change in the company's P/S Multiple.
(LTM values as of)630202610202026Change
Stock Price ($)5.687.3930.1%
Change Contribution By: 
Total Revenues ($ Mil)42444.5%
P/S Multiple7.39.124.5%
Shares Outstanding (Mil)5454-0.1%
Cumulative Contribution30.1%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/20/2026
ReturnCorrelation
TKNO30.1% 
Market (SPY)3.0%30.7%
Sector (XLV)13.3%27.8%

Fundamental Drivers

The 155.7% change in TKNO stock from 3/31/2026 to 10/20/2026 was primarily driven by a 137.5% change in the company's P/S Multiple.
(LTM values as of)331202610202026Change
Stock Price ($)2.897.39155.7%
Change Contribution By: 
Total Revenues ($ Mil)41447.8%
P/S Multiple3.89.1137.5%
Shares Outstanding (Mil)5454-0.2%
Cumulative Contribution155.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/20/2026
ReturnCorrelation
TKNO155.7% 
Market (SPY)18.6%19.1%
Sector (XLV)23.2%20.1%

Fundamental Drivers

The 19.4% change in TKNO stock from 9/30/2025 to 10/20/2026 was primarily driven by a 12.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)930202510202026Change
Stock Price ($)6.197.3919.4%
Change Contribution By: 
Total Revenues ($ Mil)394412.3%
P/S Multiple8.59.16.7%
Shares Outstanding (Mil)5354-0.3%
Cumulative Contribution19.4%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/20/2026
ReturnCorrelation
TKNO19.4% 
Market (SPY)16.4%22.7%
Sector (XLV)30.9%19.0%

Fundamental Drivers

The 164.9% change in TKNO stock from 9/30/2023 to 10/20/2026 was primarily driven by a 351.1% change in the company's P/S Multiple.
(LTM values as of)930202310202026Change
Stock Price ($)2.797.39164.9%
Change Contribution By: 
Total Revenues ($ Mil)394411.4%
P/S Multiple2.09.1351.1%
Shares Outstanding (Mil)2854-47.3%
Cumulative Contribution164.9%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/20/2026
ReturnCorrelation
TKNO164.9% 
Market (SPY)86.1%22.9%
Sector (XLV)46.3%24.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TKNO Return-18%-72%-34%124%-54%79%-73%
Peers Return44%-24%-8%-2%-2%16%12%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
TKNO Win Rate14%42%50%42%25%70% 
Peers Win Rate75%40%52%45%52%58% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
TKNO Max Drawdown--85%-73%-69%-61%-53% 
Peers Max Drawdown-16%-37%-35%-21%-36%-31% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: TMO, DHR, A, BIO, TECH.
[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 10/20/2026 (YTD)

How Low Can It Go

EventTKNOS&P 500
2025 US Tariff Shock
  % Loss-42.8%-18.8%
  % Gain to Breakeven74.7%23.1%
  Time to Breakeven532 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-51.2%-9.5%
  % Gain to Breakeven104.8%10.5%
  Time to Breakeven97 days24 days
2023 SVB Regional Banking Crisis
  % Loss-69.7%-6.7%
  % Gain to Breakeven230.0%7.1%
  Time to Breakeven531 days31 days

Compare to TMO, DHR, A, BIO, TECH

In The Past

Alpha Teknova's stock fell -42.8% during the 2025 US Tariff Shock. Such a loss loss requires a 74.7% 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.

EventTKNOS&P 500
2025 US Tariff Shock
  % Loss-42.8%-18.8%
  % Gain to Breakeven74.7%23.1%
  Time to Breakeven532 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-51.2%-9.5%
  % Gain to Breakeven104.8%10.5%
  Time to Breakeven97 days24 days
2023 SVB Regional Banking Crisis
  % Loss-69.7%-6.7%
  % Gain to Breakeven230.0%7.1%
  Time to Breakeven531 days31 days

Compare to TMO, DHR, A, BIO, TECH

In The Past

Alpha Teknova's stock fell -42.8% during the 2025 US Tariff Shock. Such a loss loss requires a 74.7% 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 Alpha Teknova (TKNO)

Alpha Teknova (TKNO) is a vital supplier within the global life sciences market, providing critical reagents essential for the discovery, development, and production of advanced biopharmaceutical products. Its offerings play a fundamental role in enabling the creation of new drug therapies, novel vaccines, and molecular diagnostics, supporting significant advancements in healthcare and biological research.

The company's core product portfolio includes pre-poured media plates, which are indispensable for cell growth and cloning, alongside liquid cell culture media and supplements used for cellular expansion. Additionally, Teknova provides various molecular biology reagents that are crucial for laboratory processes such as sample manipulation, resuspension, and purification.

Teknova serves a broad spectrum of clients across the life sciences industry. Its customer base comprises pharmaceutical and biotechnology companies, contract development and manufacturing organizations (CDMOs), in vitro diagnostic (IVD) franchises, and academic and government research institutions, all of whom depend on Teknova's specialized reagents for their scientific and commercial operations.

AI Analysis | Feedback

Here are 1-3 brief analogies for Alpha Teknova (TKNO):

  • They're like a specialized Thermo Fisher Scientific, providing essential reagents and media that are the foundational ingredients for biotech research and drug manufacturing.

  • Think of them as the "Sysco for biotech labs," supplying the crucial cell culture media, plates, and molecular biology reagents needed to develop drugs and vaccines.

  • They're a bit like the "Intel Inside" for biopharmaceutical companies, providing the critical reagents and media that power drug discovery and production.

AI Analysis | Feedback

  • Pre-poured media plates: These are ready-to-use plates designed for cell growth and cloning applications.
  • Liquid cell culture media and supplements: These products support the expansion of cells in various research and production settings.
  • Molecular biology reagents: These reagents are used for manipulating, resuspending, and purifying biological samples.

AI Analysis | Feedback

Alpha Teknova (TKNO) primarily sells to other companies and institutions within the life sciences market, rather than to individuals.

Based on the provided information, its major customer categories include:

  • Pharmaceutical and biotechnology companies
  • Contract development and manufacturing organizations (CDMOs)
  • In vitro diagnostic franchises
  • Academic and government research institutions

Specific names of individual customer companies are not disclosed in the provided background information.

AI Analysis | Feedback

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Stephen Gunstream, President and CEO

Stephen Gunstream has served as President and Chief Executive Officer of Alpha Teknova since May 2020, and as a director since December 2019. He has over 20 years of experience in sales, marketing, research and development, and general management within the life sciences industry. Before joining Teknova, he held multiple roles at Becton Dickinson & Co. (BD) from June 2015 to December 2019, most recently as Vice President and General Manager of BD Biosciences. From 2008 to 2015, Mr. Gunstream was Chief Commercial Officer at Integrated DNA Technologies, Inc. (IDT), where he was responsible for product development, global sales, and global marketing, and was a co-inventor of several innovative products. Earlier in his career, from 2001 to 2008, he held various product development and business development positions at Applied Biosystems, Inc. (now part of Thermo Fisher Scientific, Inc.). He is a named inventor on 10 issued patents and more than 25 pending patents.

Matthew Lowell, Chief Financial Officer

Matthew Lowell has been Alpha Teknova's Chief Financial Officer since February 2021. Prior to Teknova, he was Vice President of Finance and Treasurer at Varex Imaging Corporation, where he also led business development activities. He also served as Vice President of Finance at Varian Medical Systems, Inc. from April 2013 to December 2016, with responsibilities including financial planning and analysis and business development, and co-led the spin-off of Varex Imaging Corporation from Varian in January 2017. From 2002 to 2013, Mr. Lowell spent over a decade in strategy, business development, and finance roles at Abbott Medical Optics, Inc. and its predecessor, Advanced Medical Optics, Inc. He started his career in investment banking with firms such as NationsBank, N.A., Donaldson, Lufkin & Jenrette, Inc., and Credit Suisse First Boston.

Damon Terrill, General Counsel and Chief Compliance Officer

Damon Terrill serves as the General Counsel and Chief Compliance Officer for Alpha Teknova.

Jennifer Henry, Senior Vice President of Marketing

Jennifer Henry holds the position of Senior Vice President of Marketing at Alpha Teknova.

Ken Gelhaus, Chief Commercial Officer

Ken Gelhaus serves as the Chief Commercial Officer for Alpha Teknova.

AI Analysis | Feedback

Alpha Teknova (NASDAQ: TKNO) faces several key risks inherent to its operations and the life sciences industry.

  1. Persistent Operating Losses and Challenges to Achieve Profitability
    Alpha Teknova has a history of incurring operating losses and anticipates that these losses may continue in the future. For the fiscal year ended December 31, 2025, the company reported a net loss of $17.3 million. The path to profitability requires sustained revenue growth and continued margin expansion within a competitive market. Analysts expect the company to remain unprofitable for at least the next three years.
  2. Dependence on Customer Research and Development (R&D) Spending and Industry Funding Cycles
    The company's revenues are significantly influenced by the research and development expenditures of its customers, primarily pharmaceutical and biotechnology companies. Fluctuations in R&D budgets, the availability of funding for life sciences, and industry consolidation can directly impact the demand for Alpha Teknova's products. The company has noted "quarter-to-quarter revenue lumpiness" in its Clinical Solutions segment due to the nature of large customer orders and a potential lag between biotech funding and revenue generation.
  3. Supply Chain Disruptions, Competition, and Product Quality
    Alpha Teknova is exposed to various external and operational risks, including potential supply chain disruptions, intense competition within the life sciences market, inflationary pressures, rising labor costs, and challenges in securing raw material supplies. Furthermore, the company's success relies on the performance and reliability of its products. Any issues related to product quality or technological reliability could result in lost revenue, damage to its reputation, and reduced market acceptance.

AI Analysis | Feedback

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AI Analysis | Feedback

Alpha Teknova (NASDAQ: TKNO) operates within several significant addressable markets for its life sciences reagents and products. The global market for molecular biology enzymes, reagents, and kits, which includes molecular biology reagents offered by Alpha Teknova, was estimated at USD 15.93 billion in 2025 and is projected to reach USD 34.11 billion by 2033, growing at a CAGR of 10.29% from 2026 to 2033. North America held the largest revenue share in this market, accounting for 44.30% in 2025. Another estimate places the global molecular biology kits and reagents market size at USD 25.90 billion in 2025, with a projected growth to USD 137.64 billion by 2033 at a CAGR of 23.22%. The U.S. molecular biology enzymes, reagents, and kits market size was valued at USD 8.13 billion in 2024 and is projected to reach approximately USD 20.62 billion by 2034, growing at a CAGR of 9.75% from 2025 to 2034. For liquid cell culture media, the global cell culture media market size was estimated at USD 7.68 billion in 2025 and is predicted to increase to approximately USD 21.91 billion by 2035, with a CAGR of 11.05% from 2026 to 2035. North America dominated this market with a revenue share of 38.14% in 2025. The global cell culture media market size was also reported as USD 6.9 billion in 2024, projected to reach around USD 20.32 billion by 2034, expanding at a CAGR of 11.45% between 2025 and 2034. The global cell culture supplements market, which includes liquid cell culture supplements, was estimated at USD 2.74 billion in 2025 and is projected to reach USD 7.14 billion by 2033, growing at a CAGR of 13.28% from 2026 to 2033. North America held the largest share of this market, with 36.62% in 2025. The U.S. cell culture supplements market was estimated at approximately USD 1.22 billion in 2025, representing roughly 39.7% of global cell culture supplement sales. For pre-poured media plates, the global agar plates market size was estimated at USD 342.59 million in 2026 and is projected to reach USD 750.27 million by 2035, growing at a CAGR of 9.1% from 2026 to 2035. Another source indicates the global agar plates market was valued at USD 0.36 billion in 2026 and is projected to reach USD 0.99 billion by 2035, growing at a CAGR of around 11.94% from 2026 to 2035. North America holds a 45% market share in the agar plates market. The global ready-to-use agar media market was valued at USD 2.11 billion in 2024 and is expected to grow to USD 4.50 billion by 2035.

AI Analysis | Feedback

Alpha Teknova (TKNO) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:

  1. Expansion and Commercialization of Clinical Solutions: Alpha Teknova is actively expanding its customer base for clinical products, with a 25% increase in active clinical customers in 2025, reaching 60 active customers. The company supports at least 70 therapies from these customers, with 5 therapies in Phase II or later and 12 in Phase I by the end of 2025. This expansion and the progression of these therapies towards commercialization are expected to translate into significant revenue growth in the next 2-3 years.

  2. Investments in Commercial Capabilities: Alpha Teknova plans to invest approximately $2 million annually in its commercial capabilities. These investments are aimed at accelerating revenue growth towards the end of 2026 and into 2027 by expanding the company's presence with customers in attractive market segments.

  3. Growth in Lab Essentials (Catalog Products): The Lab Essentials segment, particularly catalog products, has demonstrated strong performance and is expected to continue driving revenue. In the third quarter of 2025, Lab Essentials revenue increased by 16%, primarily due to higher average revenue per customer and an expanded customer count.

  4. Operational Efficiencies and Margin Improvement: While not a direct revenue driver, improved operational efficiencies and higher gross margins are crucial for sustainable growth. The company achieved a full-year gross margin of 33.2% in 2025, up from 19.2% in 2024, and anticipates further improvements. Operational initiatives, such as implementing electronic batch records, automating high-throughput dispensing lines, and increasing larger batch size capabilities in 2026, are expected to enhance profitability, allowing for reinvestment and supporting top-line expansion.

  5. Potential Collaborations and Acquisitions: Management has identified opportunities for growth through strategic collaborations and acquisitions. Expanding Alpha Teknova's product portfolio and geographic footprint through these avenues is expected to drive additional top-line growth and margin expansion.

AI Analysis | Feedback

Here is a summary of Alpha Teknova's capital allocation decisions over the last 3-5 years:

Share Issuance

  • In June 2021, Alpha Teknova completed its Initial Public Offering (IPO), issuing 6,900,000 shares of common stock at $16.00 per share, resulting in gross proceeds of approximately $110.4 million.
  • For the year ended December 31, 2024, the company received $0.1 million from the exercise of stock options and $0.3 million from the issuance of common stock under its employee stock purchase plan.

Capital Expenditures

  • In the fourth quarter of 2025, Alpha Teknova invested $348,000 in capital expenditures, primarily funding long-term assets and infrastructure.
  • For 2026, the company plans to invest approximately $2 million in commercial capabilities to drive revenue growth.
  • Alpha Teknova is continuously investing in processes, establishing a new warehouse/distribution facility, and scaling production to support future commercialization and customer expansion.

Better Bets vs. Alpha Teknova (TKNO)

Peer Outperformance in Pharmaceuticals

TKNO has trailed 63% of its 60 Pharmaceuticals peers over 5Y. Among the peers that beat it are MRK, JNJ and ALKS. Pharmaceuticals ranks 6th of 10 industries in Health Care by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Pharmaceuticals constituents that TKNO has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
70%
of 71 industry peers · 28.5% return
3Y
88%
of 67 industry peers · 245.3% return
5Y
37%
of 60 industry peers · -69.0% return
Pharmaceuticals peers with revenue growth within 4pp of TKNO's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
TKNO Alpha Teknova 4.2% -23.6x 28.5%245.3%-69.0% —
MRK Merck 4.5% 115.4x 76.8%58.3%113.2% +182pp
JNJ Johnson & Johnson 6.0% 29.7x 36.9%84.6%82.1% +151pp
ALKS Alkermes 4.6% 111.4x 42.4%75.6%53.7% +123pp
JAZZ Jazz Pharmaceuticals 7.0% 14.4x 58.5%60.1%46.7% +116pp
BMY Bristol Myers Squibb 2.9% 13.6x 47.8%25.8%30.6% +100pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Health Care sector, ranked by 5Y. Pharmaceuticals is TKNO'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 18.5%55.2%102.0% CAH 479% · MCK 412% · COR 196%
Health Care Services 20 17.6%41.0%11.8% HIMS 252% · RDNT 134% · DGX 78%
Health Care Facilities 24 5.0%18.5%6.1% THC 315% · NHC 301% · ENSG 147%
Managed Health Care 8 39.5%0.2%4.7% OSCR 107% · HQY 44% · ELV 12%
Health Care Equipment 50 -4.3%4.2%-11.9% UFPT 362% · GKOS 275% · TMDX 178%
Pharmaceuticals ← 61 -11.8%2.7%-33.0% LQDA 913% · KNSA 665% · CORT 498%
Health Care Supplies 11 14.1%-7.3%-41.0% LNTH 331% · HAE 67% · MMSI 30%
Life Sciences Tools & Services 109 -12.9%-9.4%-66.4% NTRA 261% · MEDP 231% · IRTC 63%
Biotechnology 362 -23.9%-23.8%-80.5% DNTH 1102% · ELVN 1036% · ADMA 912%
Health Care Technology 22 -30.8%-64.5%-82.7% VEEV 0% · DOCS -54%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

TKNOTMODHRABIOTECHMedian
NameAlpha Te.Thermo F.Danaher Agilent .Bio-Rad .Bio-Tech. 
Mkt Price5.68691.49220.50174.15353.9472.60197.32
Mkt Cap0.3256.5155.549.19.511.330.2
Rev LTM4446,33625,1077,3722,5891,2154,981
Op Inc LTM-168,4765,1271,639224273956
FCF LTM-77,3185,4661,267353263810
FCF 3Y Avg-127,1505,1361,257293252775
CFO LTM-69,0136,6351,6094932921,051
CFO 3Y Avg-118,6466,4171,6304582931,044

Growth & Margins

TKNOTMODHRABIOTECHMedian
NameAlpha Te.Thermo F.Danaher Agilent .Bio-Rad .Bio-Tech. 
Rev Chg LTM12.3%7.2%4.6%8.6%1.4%-0.4%5.9%
Rev Chg 3Y Avg4.2%2.2%2.9%2.0%-2.1%2.3%2.2%
Rev Chg Q18.5%10.5%5.5%8.1%-0.1%1.3%6.8%
QoQ Delta Rev Chg LTM4.5%2.5%1.3%1.9%-0.0%0.3%1.6%
Op Inc Chg LTM26.1%7.8%16.1%13.5%0.4%12.3%12.9%
Op Inc Chg 3Y Avg18.2%6.1%-3.3%5.3%-13.1%-1.5%1.9%
Op Mgn LTM-36.2%18.3%20.4%22.2%8.7%22.4%19.4%
Op Mgn 3Y Avg-59.5%18.0%20.0%22.1%10.1%21.2%19.0%
QoQ Delta Op Mgn LTM2.8%0.1%1.2%0.7%-0.2%-1.9%0.4%
CFO/Rev LTM-14.4%19.5%26.4%21.8%19.0%24.0%20.6%
CFO/Rev 3Y Avg-28.6%19.7%26.5%23.8%17.8%24.5%21.7%
FCF/Rev LTM-16.8%15.8%21.8%17.2%13.6%21.7%16.5%
FCF/Rev 3Y Avg-32.0%16.3%21.2%18.3%11.4%21.0%17.3%

Valuation

TKNOTMODHRABIOTECHMedian
NameAlpha Te.Thermo F.Danaher Agilent .Bio-Rad .Bio-Tech. 
Mkt Cap0.3256.5155.549.19.511.330.2
P/S7.05.56.26.73.79.36.4
P/Op Inc-19.330.330.330.042.241.630.3
P/EBIT-19.328.230.827.823.745.328.0
P/E-18.236.838.834.142.662.337.8
P/CFO-48.628.523.430.519.238.826.0
Total Yield-4.2%3.0%3.1%3.5%2.3%2.0%2.7%
Dividend Yield0.0%0.3%0.6%0.6%0.0%0.4%0.3%
FCF Yield 3Y Avg-13.0%3.9%3.1%3.0%3.3%2.6%3.0%
D/E0.10.20.20.10.10.00.1
Net D/E0.00.20.10.0-0.00.00.0

Returns

TKNOTMODHRABIOTECHMedian
NameAlpha Te.Thermo F.Danaher Agilent .Bio-Rad .Bio-Tech. 
1M Rtn-27.1%6.1%4.3%11.5%-6.0%0.3%2.3%
3M Rtn6.4%32.2%23.4%31.3%17.3%1.5%20.4%
6M Rtn81.5%32.1%13.8%43.1%15.8%22.0%27.0%
12M Rtn-1.2%27.6%6.6%22.7%10.0%16.7%13.3%
3Y Rtn165.4%50.4%9.0%63.0%13.9%15.1%32.7%
1M Excs Rtn-30.9%6.3%3.7%9.1%-4.8%1.5%2.6%
3M Excs Rtn6.8%29.3%21.2%28.5%13.5%-0.9%17.4%
6M Excs Rtn75.0%23.6%5.5%34.6%7.4%13.6%18.6%
12M Excs Rtn-0.8%13.7%-8.4%8.6%-0.7%3.1%1.2%
3Y Excs Rtn127.7%-32.8%-68.5%-16.3%-74.2%-68.2%-50.5%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Lab Essentials3129293227
Clinical Solutions87787
Other22111
Sample Transport    2
Total4138374137


Price Behavior

Price Behavior
Market Price$7.39 
Market Cap ($ Bil)0.4 
First Trading Date06/25/2021 
Distance from 52W High-20.8% 
   50 Days200 Days
DMA Price$7.75$4.77
DMA Trendupup
Distance from DMA-4.7%54.9%
 3M1YR
Volatility64.5%77.2%
Downside Capture75.4375.73
Upside Capture236.46101.44
Correlation (S&P 500)35.5%23.2%
TKNO Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta1.491.901.431.001.301.33
Up Beta3.281.902.310.191.381.79
Down Beta5.098.553.424.122.121.14
Up Capture208%332%185%188%128%203%
Bmk +ve Days6162766132424
Stock +ve Days13243265116351
Down Capture-189%-270%-94%-173%83%102%
Bmk -ve Days16263760120328
Stock -ve Days9183160130375

[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 TKNO
TKNO44.3%77.2%0.79-
Sector ETF (XLV)27.2%16.2%1.2919.4%
Equity (SPY)16.8%12.7%0.9322.4%
Gold (GLD)-2.9%29.3%-0.1020.1%
Commodities (DBC)52.5%20.7%1.934.8%
Real Estate (VNQ)5.1%13.8%0.110.6%
Bitcoin (BTCUSD)-23.7%43.6%-0.5013.6%

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 TKNO
TKNO-22.0%92.4%0.14-
Sector ETF (XLV)9.2%15.3%0.4022.0%
Equity (SPY)13.6%17.1%0.6125.1%
Gold (GLD)18.1%18.9%0.778.1%
Commodities (DBC)9.7%19.5%0.384.0%
Real Estate (VNQ)1.4%18.9%-0.0320.4%
Bitcoin (BTCUSD)7.7%51.7%0.3313.5%

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 TKNO
TKNO-11.3%92.1%0.16-
Sector ETF (XLV)11.4%16.8%0.5621.5%
Equity (SPY)15.3%17.9%0.7224.7%
Gold (GLD)12.1%16.4%0.608.0%
Commodities (DBC)8.2%18.1%0.374.9%
Real Estate (VNQ)5.2%20.7%0.2119.9%
Bitcoin (BTCUSD)62.9%66.2%1.0312.3%

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

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity1.6 Mil
Short Interest: % Change Since 91520263.5%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest4.8 days
Basic Shares Quantity53.6 Mil
Short % of Basic Shares3.0%

Earnings Returns History

Updated 9/8/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/202616.4%31.7%29.1%
5/6/20269.9%7.4%25.3%
2/26/202613.2%-3.1%18.9%
11/6/2025-2.1%-7.9%-4.0%
8/7/2025-2.5%10.6%0.2%
5/8/20259.3%2.2%-6.9%
3/4/2025-1.2%-10.9%-9.6%
11/7/20243.9%-4.8%22.5%
...
SUMMARY STATS   
# Positive111012
# Negative10119
Median Positive9.9%9.7%19.9%
Median Negative-2.9%-7.1%-18.2%
Max Positive29.5%45.2%100.5%
Max Negative-19.3%-21.1%-45.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/202616.4%31.7%29.1%
5/6/20269.9%7.4%25.3%
2/26/202613.2%-3.1%18.9%
11/6/2025-2.1%-7.9%-4.0%
8/7/2025-2.5%10.6%0.2%
5/8/20259.3%2.2%-6.9%
3/4/2025-1.2%-10.9%-9.6%
11/7/20243.9%-4.8%22.5%
8/13/2024-6.5%24.4%14.9%
5/13/202412.1%2.9%0.0%
3/11/2024-5.6%-5.6%-16.7%
11/9/2023-3.0%3.0%53.2%
8/10/20232.1%-7.1%-35.7%
5/10/2023-3.6%8.8%100.5%
3/15/2023-2.9%-12.8%-34.3%
11/9/202229.5%45.2%21.0%
8/10/2022-19.3%-16.8%-22.5%
5/11/20224.4%-21.1%-45.0%
3/15/20221.1%-1.5%9.4%
11/10/202116.3%17.4%-18.2%
8/11/2021-1.5%-2.1%14.8%
SUMMARY STATS   
# Positive111012
# Negative10119
Median Positive9.9%9.7%19.9%
Median Negative-2.9%-7.1%-18.2%
Max Positive29.5%45.2%100.5%
Max Negative-19.3%-21.1%-45.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202503/02/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202403/07/202510-K
09/30/202411/08/202410-Q
06/30/202408/13/202410-Q
03/31/202405/13/202410-Q
12/31/202303/27/202410-K
09/30/202311/13/202310-Q
06/30/202308/11/202310-Q
03/31/202305/11/202310-Q
12/31/202203/30/202310-K
09/30/202211/14/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202503/02/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202403/07/202510-K
09/30/202411/08/202410-Q
06/30/202408/13/202410-Q
03/31/202405/13/202410-Q
12/31/202303/27/202410-K
09/30/202311/13/202310-Q
06/30/202308/11/202310-Q
03/31/202305/11/202310-Q
12/31/202203/30/202310-K
09/30/202211/14/202210-Q
06/30/202208/11/202210-Q
03/31/202205/12/202210-Q
12/31/202103/18/202210-K
09/30/202111/12/202110-Q
06/30/202108/13/202110-Q
03/31/202106/21/2021S-1/A

Recent Forward Guidance

Updated 10/8/2026

Latest: Q2 2026 Earnings Reported 8/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported45.00 Mil46.00 Mil47.00 Mil7.0% RaisedGuidance: 43.00 Mil for 2026
2026 Free Cash OutflowReported -8.00 Mil -20.0% RaisedGuidance: -10.00 Mil for 2026


Prior: Q1 2026 Earnings Reported 5/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported42.00 Mil43.00 Mil44.00 Mil0 AffirmedGuidance: 43.00 Mil for 2026
2026 Free Cash OutflowReported -10.00 Mil 0 AffirmedGuidance: -10.00 Mil for 2026

Q4 2025 Earnings Reported 2/26/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported42.00 Mil43.00 Mil44.00 Mil6.2% Higher NewGuidance: 40.50 Mil for 2025
2026 Free Cash OutflowReported -10.00 Mil -16.7% Higher NewGuidance: -12.00 Mil for 2025

Q3 2025 Earnings Reported 11/6/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2025 RevenueReported39.00 Mil40.50 Mil42.00 Mil0 AffirmedGuidance: 40.50 Mil for 2025
2025 Free Cash OutflowReported -12.00 Mil 0 AffirmedGuidance: -12.00 Mil for 2025

Insider Activity

Updated 7/16/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lowell, MatthewChief Financial OfficerDirectBuy30920262.1940,00087,616368,811Form
2Gunstream, StephenPresident and CEODirectBuy30920262.1526,00055,801578,394Form
3Demski, Martha J DirectSell70120255.068,00040,51260,768Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lowell, MatthewChief Financial OfficerDirectBuy30920262.1940,00087,616368,811Form
2Gunstream, StephenPresident and CEODirectBuy30920262.1526,00055,801578,394Form
3Demski, Martha J DirectSell70120255.068,00040,51260,768Form
Core Cache Last Updated: 10/20/2026