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 -44%

Megatrend and thematic drivers
Megatrends include Precision Medicine, Aging Population & Chronic Disease, and Biotechnology & Genomics. Themes include Biopharmaceutical R&D, Show more.

Weak multi-year price returns
2Y Excs Rtn is -30%, 3Y Excs Rtn is -128%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 20%

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 -30 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 -37%

Key risks
UNCY key risks include [1] resolving the third-party manufacturing deficiencies that prompted an FDA Complete Response Letter for its lead drug, 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 -44%
1 Megatrend and thematic drivers
Megatrends include Precision Medicine, Aging Population & Chronic Disease, and Biotechnology & Genomics. Themes include Biopharmaceutical R&D, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -30%, 3Y Excs Rtn is -128%
3 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 20%
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 -30 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 -37%
7 Key risks
UNCY key risks include [1] resolving the third-party manufacturing deficiencies that prompted an FDA Complete Response Letter for its lead drug, Show more.

UNCY in ETFs

Weight = UNCY's share of each fund

VTI0.00%
IWM0.00%
IWO0.01%
DFAS0.00%
IWN0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 7/15/2026

Unicycive Therapeutics (UNCY) stock has lost about 25% since 3/31/2026 because of the following key factors:

1. Unicycive Therapeutics (UNCY) reported a wider net loss in fiscal Q1 2026, missing analyst expectations. The company announced its fiscal Q1 2026 financial results on May 11, 2026, reporting an earnings per share (EPS) of -$0.54, which missed analysts' expectations of -$0.49 by 10.20%. The net loss for the quarter was $12.8 million, deepening from a loss of $0.50 per share in fiscal Q1 2025. This financial performance highlighted ongoing capital intensity in clinical-stage drug development.

2. The FDA issued a second Complete Response Letter (CRL) for Unicycive's lead drug candidate, OLC, due to manufacturing deficiencies. On June 30, 2026, Unicycive Therapeutics received another CRL from the U.S. Food and Drug Administration (FDA) for its resubmitted New Drug Application (NDA) for oxylanthanum carbonate (OLC). This second CRL was based on the same third-party manufacturing deficiencies that were identified in the previous CRL issued in June 2025. The FDA had not yet conducted an inspection of the third-party manufacturing vendor during the resubmission review, leading to a significant setback. This news caused UNCY stock to drop by 39.09% on June 30, 2026.

Show more
Updated on 7/15/2026

Unicycive Therapeutics (UNCY) stock has lost about 25% since 3/31/2026 because of the following key factors:

1. Unicycive Therapeutics (UNCY) reported a wider net loss in fiscal Q1 2026, missing analyst expectations. The company announced its fiscal Q1 2026 financial results on May 11, 2026, reporting an earnings per share (EPS) of -$0.54, which missed analysts' expectations of -$0.49 by 10.20%. The net loss for the quarter was $12.8 million, deepening from a loss of $0.50 per share in fiscal Q1 2025. This financial performance highlighted ongoing capital intensity in clinical-stage drug development.

2. The FDA issued a second Complete Response Letter (CRL) for Unicycive's lead drug candidate, OLC, due to manufacturing deficiencies. On June 30, 2026, Unicycive Therapeutics received another CRL from the U.S. Food and Drug Administration (FDA) for its resubmitted New Drug Application (NDA) for oxylanthanum carbonate (OLC). This second CRL was based on the same third-party manufacturing deficiencies that were identified in the previous CRL issued in June 2025. The FDA had not yet conducted an inspection of the third-party manufacturing vendor during the resubmission review, leading to a significant setback. This news caused UNCY stock to drop by 39.09% on June 30, 2026.

3. Analysts lowered their earnings estimates and price targets following the FDA's second CRL for OLC. Post the June 30, 2026 CRL, HC Wainwright reduced its fiscal Q2 2026 earnings estimate for Unicycive Therapeutics and lowered its price target from $22.00 to $15.00, while maintaining a "Buy" rating. Similarly, Benchmark maintained a "Speculative Buy" rating but cut its price target from $18.00 to $13.00 on July 1, 2026. Noble Capital Markets also adjusted its price target from $60.00 to $50.00 on July 1, 2026. These revisions indicate increased caution and a delayed outlook for OLC's potential market launch, which impacted investor sentiment.

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Stock Movement Drivers

Fundamental Drivers

The -23.3% change in UNCY stock from 3/31/2026 to 7/16/2026 was primarily driven by a -10.4% change in the company's Shares Outstanding (Mil).
(LTM values as of)33120267162026Change
Stock Price ($)6.585.05-23.3%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)2124-10.4%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/16/2026
ReturnCorrelation
UNCY-23.3% 
Market (SPY)15.4%0.9%
Sector (XLV)10.4%23.1%

Fundamental Drivers

The -12.5% change in UNCY stock from 12/31/2025 to 7/16/2026 was primarily driven by a -24.4% change in the company's Shares Outstanding (Mil).
(LTM values as of)123120257162026Change
Stock Price ($)5.775.05-12.5%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)1824-24.4%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/16/2026
ReturnCorrelation
UNCY-12.5% 
Market (SPY)10.4%11.0%
Sector (XLV)5.0%25.9%

Fundamental Drivers

The 5.9% change in UNCY stock from 6/30/2025 to 7/16/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)63020257162026Change
Stock Price ($)4.775.055.9%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)1224-51.1%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/16/2026
ReturnCorrelation
UNCY5.9% 
Market (SPY)22.5%15.8%
Sector (XLV)21.6%27.2%

Fundamental Drivers

The -60.5% change in UNCY stock from 6/30/2023 to 7/16/2026 was primarily driven by a null change in the company's Total Revenues ($ Mil).
(LTM values as of)63020237162026Change
Stock Price ($)12.805.05-60.5%
Change Contribution By: 
Total Revenues ($ Mil)20 
P/S Multiple12.09.2233720368547763E17%
Shares Outstanding (Mil)224-93.6%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/16/2026
ReturnCorrelation
UNCY-60.5% 
Market (SPY)75.3%13.1%
Sector (XLV)27.6%15.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
UNCY Return-65%-74%61%-8%-27%-13%-91%
Peers Return43%-20%3%78%-33%-6%33%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
UNCY Win Rate33%33%42%50%42%57% 
Peers Win Rate46%50%46%58%75%48% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
UNCY Max Drawdown--78%-82%-87%-58%-45% 
Peers Max Drawdown-41%-46%-34%-26%-59%-39% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VRTX, ATYR, AVLN, CNXU, COAG.
[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 7/16/2026 (YTD)

How Low Can It Go

EventUNCYS&P 500
2025 US Tariff Shock
  % Loss-22.6%-18.8%
  % Gain to Breakeven29.2%23.1%
  Time to Breakeven7 days79 days
2024 Yen Carry Trade Unwind
  % Loss-51.4%-7.8%
  % Gain to Breakeven105.9%8.5%
  Time to Breakeven76 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-59.5%-9.5%
  % Gain to Breakeven146.9%10.5%
  Time to Breakeven76 days24 days
2023 SVB Regional Banking Crisis
  % Loss-14.4%-6.7%
  % Gain to Breakeven16.8%7.1%
  Time to Breakeven7 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-75.7%-24.5%
  % Gain to Breakeven310.8%32.4%
  Time to Breakeven148 days427 days

Compare to VRTX, ATYR, AVLN, CNXU, COAG

In The Past

Unicycive Therapeutics's stock fell -22.6% during the 2025 US Tariff Shock. Such a loss loss requires a 29.2% 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.

EventUNCYS&P 500
2025 US Tariff Shock
  % Loss-22.6%-18.8%
  % Gain to Breakeven29.2%23.1%
  Time to Breakeven7 days79 days
2024 Yen Carry Trade Unwind
  % Loss-51.4%-7.8%
  % Gain to Breakeven105.9%8.5%
  Time to Breakeven76 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-59.5%-9.5%
  % Gain to Breakeven146.9%10.5%
  Time to Breakeven76 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-75.7%-24.5%
  % Gain to Breakeven310.8%32.4%
  Time to Breakeven148 days427 days

Compare to VRTX, ATYR, AVLN, CNXU, COAG

In The Past

Unicycive Therapeutics's stock fell -22.6% during the 2025 US Tariff Shock. Such a loss loss requires a 29.2% 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 Unicycive Therapeutics (UNCY)

Unicycive Therapeutics (UNCY) is a biotechnology company dedicated to developing innovative therapeutic solutions for kidney diseases. Based in Los Altos, California, the company's core mission is to bring novel treatments to patients within the United States who are affected by various kidney conditions.

The company's pipeline features two key product candidates: Renazorb and UNI 494. Renazorb is being developed to treat hyperphosphatemia, a condition characterized by abnormally high phosphate levels, which commonly affects patients with chronic kidney disease. UNI 494, on the other hand, is an investigational therapy aimed at addressing acute kidney injury. These products target patient populations suffering from significant kidney health challenges, primarily focusing on the US market to serve those with chronic kidney disease and acute kidney injury.

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Here are 1-3 brief analogies for Unicycive Therapeutics (UNCY):

  • Amgen for kidney diseases.

  • Vertex Pharmaceuticals for kidney diseases.

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  • Renazorb: A therapy being developed for the treatment of hyperphosphatemia in patients with chronic kidney disease.
  • UNI 494: A therapy being developed for the treatment of acute kidney injury.

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Unicycive Therapeutics (UNCY) is a biotechnology company engaged in the development of novel therapies for kidney diseases. As the company's products, Renazorb and UNI-494, are currently in the development phase (awaiting regulatory approval or in pre-clinical studies), Unicycive Therapeutics does not yet have commercialized products generating significant sales. Therefore, the company does not currently have major commercial customers.

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  • SK Inc. (034730)
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Shalabh Gupta, MD Chief Executive Officer, President, and Chairman of the Board of Directors

Shalabh Gupta, MD, is the founder of Unicycive and has served as Chief Executive Officer, President, and director since August 2016. Previously, Dr. Gupta founded and served as Chief Executive Officer of Biocycive Inc. He also held a commercial strategy role at Genentech, Inc., and worked as an equity researcher covering US pharmaceutical companies at UBS Investment Bank and biotechnology companies at Rodman & Renshaw. Before his roles in business and finance, Dr. Gupta was an attending physician at NYU Medical Center and a clinical faculty member at the NYU School of Medicine.

John Townsend Chief Financial Officer

John Townsend is the Chief Financial Officer at Unicycive Therapeutics Inc. He previously served as Vice President of Finance and Chief Accounting Officer in a consulting capacity for Unicycive. Mr. Townsend has over 25 years of public and private company experience across industries including biotechnology, medical devices, and high-tech electronics manufacturing. Before joining Unicycive, he worked at Guardion Health Sciences from 2016 to 2020 and Cytori Therapeutics, Inc. from 2005 until 2015. He started his career at Deloitte.

Pramod Gupta, PhD Executive Vice President, Pharmaceutical & Business Operations

Pramod Gupta, PhD, serves as the Executive Vice President of Pharmaceutical & Business Operations at Unicycive Therapeutics Inc. His prior experience includes roles as SVP of Pharmaceutical Operations at Spectrum Pharmaceuticals, Global VP at Bausch & Lomb, Senior Director of R&D at Baxter Healthcare, Director of R&D at TAP Pharmaceuticals (a joint venture of Abbott & Takeda), and R&D Project Leader at Abbott Pharmaceuticals. Dr. Gupta has developed, received regulatory approvals for, and commercialized over 40 pharmaceutical products.

Douglas Jermasek, MBA Executive Vice President, Corporate Strategy

Douglas Jermasek joined Unicycive in 2021 as Executive Vice President, Corporate Strategy. He is a biopharmaceutical executive with over 25 years of commercial leadership experience in both U.S. and international markets. Most recently, he served as Senior Vice President, Marketing and Strategy at Akebia Therapeutics, following its merger with Keryx Biopharmaceuticals.

Guru Reddy, Ph.D. Vice President of Preclinical R&D

Guru Reddy, PhD, joined Unicycive in 2022 as Vice President of Preclinical R&D. He brings over 25 years of R&D experience in the biopharmaceutical industry. Prior to Unicycive, Dr. Reddy worked at Spectrum Pharmaceuticals for 15 years, where he held R&D roles with increasing responsibilities, most recently as Vice President of Preclinical R&D. At Spectrum Pharmaceuticals, he was responsible for the preclinical development and clinical pharmacology of a large product pipeline, leading to multiple NDA submissions and full regulatory approval of 4 drugs from the US FDA.

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Unicycive Therapeutics, Inc. (UNCY), a biotechnology company focused on developing novel therapies for kidney diseases, faces several key risks inherent to the pharmaceutical and biotechnology industries.

Key Risks to the Business:

  1. Clinical Trial and Regulatory Risks: The success and valuation of Unicycive Therapeutics are heavily dependent on the outcomes of its clinical trials and the ability to secure regulatory approvals for its product candidates, Renazorb (also known as oxylanthanum carbonate or OLC) and UNI-494. Clinical trials are lengthy, expensive, and have uncertain outcomes, with results from earlier studies not always predictive of future trial success. The company has already faced a Complete Response Letter (CRL) from the FDA for OLC due to compliance deficiencies at a third-party manufacturing vendor, which delayed its approval process. There is no guarantee that the FDA will grant marketing approval even after addressing such issues, and additional studies or inspections may be required, extending timelines and increasing costs.
  2. Cash Burn and Dilution: As a pre-revenue clinical-stage biotechnology company, Unicycive Therapeutics consistently incurs operating losses due to ongoing research and development (R&D) expenses. This necessitates a continuous need for additional funding, which is typically secured through equity raises. Such equity issuances can dilute the ownership stake of existing shareholders, potentially pressuring the stock price. While the company has reported a cash runway into 2027, the substantial cash burn highlights the ongoing financial risk until products achieve commercialization and generate revenue.
  3. Intense Competition: Unicycive operates in a highly competitive landscape within the kidney disease treatment market. For Renazorb (OLC), it competes with established phosphate binders such as Renvela (AstraZeneca) and Fosrenol (Chugai), as well as newer therapies being developed by other pharmaceutical and biotech companies. The field of kidney disease therapies is dynamic, with other companies continuously developing innovative treatments, which could impact Unicycive's market share and profitability if their products are approved.

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For Unicycive Therapeutics' main products, the addressable markets are as follows:

  • Renazorb (treatment of hyperphosphatemia):
    • The global hyperphosphatemia treatment market was valued at approximately $1.46 billion in 2024 and is projected to reach $2.94 billion by 2033, with a compound annual growth rate (CAGR) of 8.1% from 2026 to 2033.
    • In 2023, the global market opportunity for treating hyperphosphatemia was projected to be in excess of $2.5 billion, with the United States accounting for over $1 billion of that total.
    • The hyperphosphatemia treatment market in the U.S. alone exceeds $1 billion, and is more than double that worldwide.
  • UNI 494 (treatment of acute kidney injury):
    • The global acute kidney injury (AKI) market size was approximately $6.23 billion in 2022 and is anticipated to grow significantly through 2034.
    • The global acute kidney injury treatment market was valued at $3.6 billion in 2024 and is projected to reach over $8.2 billion by 2035, at a CAGR of 7.8% from 2025 to 2035.
    • The acute kidney injury market size is expected to grow from $5.72 billion in 2025 to $6.09 billion in 2026 at a CAGR of 6.5%, and further to $7.78 billion in 2030 at a CAGR of 6.3%.
    • In 2022, the United States had the largest market size for Acute Kidney Injury.
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Unicycive Therapeutics (UNCY) is poised for future revenue growth over the next 2-3 years, driven primarily by the anticipated commercialization of its lead product, Renazorb, and the continued advancement of its pipeline candidate, UNI-494. Analysts project significant revenue growth for the company, with forecasts indicating an annual increase of 37.5% in revenue.

Drivers of Future Revenue Growth:

  1. U.S. Commercial Launch and Market Penetration of Renazorb: The primary driver of near-term revenue growth is the potential U.S. Food and Drug Administration (FDA) approval and subsequent commercial launch of oxylanthanum carbonate (OLC), marketed as Renazorb. The FDA accepted the New Drug Application (NDA) resubmission for Renazorb in January 2026, with a Prescription Drug User Fee Act (PDUFA) target action date of June 29, 2026. If approved, Renazorb will target the hyperphosphatemia market in patients with chronic kidney disease, which represents a U.S. market opportunity exceeding $1 billion. Its proprietary nanoparticle technology offers a differentiated product profile with potentially fewer and smaller pills, addressing a significant unmet patient need for improved adherence.
  2. International Expansion and Partnerships for Renazorb: Beyond the U.S. market, Unicycive is actively pursuing global expansion for Renazorb. The company has already secured an exclusive license agreement with Lotus Pharmaceutical for the development and commercialization of Renazorb in the Republic of Korea, which includes upfront payments, milestone payments, and tiered royalties. Unicycive is also in discussions with potential partners for other key geographies in Asia and Europe, indicating further opportunities for licensing revenue and royalties from new markets.
  3. Advancement and Potential Commercialization of UNI-494 for Acute Kidney Injury (AKI) and Delayed Graft Function (DGF): UNI-494, Unicycive's investigational therapy for acute kidney injury, represents a significant pipeline-driven revenue opportunity. The company successfully completed its Phase 1 study for UNI-494, demonstrating favorable tolerability, fast absorption, and rapid metabolization. Unicycive plans to engage with the FDA to discuss Phase 1 results and the design of a potential Phase 2 study. Furthermore, UNI-494 has been granted Orphan Drug Designation by the FDA for the prevention of Delayed Graft Function after kidney transplantation. Given the absence of any FDA-approved drugs for AKI, UNI-494 addresses a substantial unmet medical need, positioning it for potential future revenue generation if clinical development continues to progress positively.
  4. Revenue from Existing Licensing Agreements: Unicycive already benefits from existing licensing agreements, such as the one with Lotus Pharmaceutical for Renazorb in the Republic of Korea. These agreements provide ongoing revenue streams through milestone payments based on regulatory and commercial achievements, as well as tiered royalties on future sales, contributing to the company's overall financial growth.
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Share Issuance

  • Unicycive Therapeutics completed an Initial Public Offering (IPO) in July 2021, raising $25 million by issuing 4,600,000 shares at a price between $5.00 and $6.00 per share.
  • In March 2024, the company announced a private placement that resulted in gross proceeds of $50 million through the sale of 50,000 shares of its Series B Convertible Preferred Stock at an offering price of $1,000 per share.
  • On November 14, 2025, Unicycive Therapeutics amended its at-the-market (ATM) equity program, doubling its potential offering capacity from $50 million to $100 million.

Inbound Investments

  • A $50 million private placement closed in March 2024, led by new investors Octagon Capital and Great Point Partners, LLC, with participation from new and existing healthcare institutional investors.
  • Institutional investors collectively own a significant 40.42% of the company, representing approximately $37 million as of mid-November 2025.
  • Major institutional shareholders include Vivo Capital LLC and Vanguard Group Inc.

Capital Expenditures

  • Capital expenditures for the company were $0.03 million in 2021, $0.00 million in 2022, $0.01 million in 2023, and $0.07 million in 2024.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Unicycive Therapeutics Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

UNCYVRTXATYRAVLNCNXUCOAGMedian
NameUnicyciv.Vertex P.aTyr Pha.Avalyn P.Conexeu .Hemab Th. 
Mkt Price5.05486.030.5225.6810.5144.5318.09
Mkt Cap0.1123.5----61.8
Rev LTM012,218--0-0
Op Inc LTM-304,662---5--5
FCF LTM-293,710---4--4
FCF 3Y Avg-271,977----975
CFO LTM-294,241---4--4
CFO 3Y Avg-272,401----1,187

Growth & Margins

UNCYVRTXATYRAVLNCNXUCOAGMedian
NameUnicyciv.Vertex P.aTyr Pha.Avalyn P.Conexeu .Hemab Th. 
Rev Chg LTM-10.1%----10.1%
Rev Chg 3Y Avg-9.9%----9.9%
Rev Chg Q-7.8%----7.8%
QoQ Delta Rev Chg LTM-1.8%----1.8%
Op Inc Chg LTM3.0%1,214.0%----608.5%
Op Inc Chg 3Y Avg-18.2%364.1%----173.0%
Op Mgn LTM-38.2%----38.2%
Op Mgn 3Y Avg-24.1%----24.1%
QoQ Delta Op Mgn LTM-0.2%----0.2%
CFO/Rev LTM-34.7%----34.7%
CFO/Rev 3Y Avg-21.5%----21.5%
FCF/Rev LTM-30.4%----30.4%
FCF/Rev 3Y Avg-17.7%----17.7%

Valuation

UNCYVRTXATYRAVLNCNXUCOAGMedian
NameUnicyciv.Vertex P.aTyr Pha.Avalyn P.Conexeu .Hemab Th. 
Mkt Cap0.1123.5----61.8
P/S-10.1----10.1
P/Op Inc-4.026.5----11.2
P/EBIT-3.024.4----10.7
P/E-3.028.5----12.7
P/CFO-4.229.1----12.5
Total Yield-33.1%3.5%-----14.8%
Dividend Yield0.0%0.0%----0.0%
FCF Yield 3Y Avg-35.9%1.8%-----17.0%
D/E0.00.0----0.0
Net D/E-0.4-0.0-----0.2

Returns

UNCYVRTXATYRAVLNCNXUCOAGMedian
NameUnicyciv.Vertex P.aTyr Pha.Avalyn P.Conexeu .Hemab Th. 
1M Rtn-29.6%7.3%15.2%-8.5%-16.1%74.6%-0.6%
3M Rtn-26.8%11.6%-37.9%-12.9%-27.0%31.0%-19.9%
6M Rtn-19.5%10.7%-27.0%-12.9%-27.0%31.0%-16.2%
12M Rtn10.3%3.5%-91.2%-12.9%-27.0%31.0%-4.7%
3Y Rtn-60.9%35.8%-74.1%-12.9%-27.0%31.0%-20.0%
1M Excs Rtn-28.8%8.2%16.6%-10.4%7.3%77.8%7.7%
3M Excs Rtn-34.8%2.8%-46.1%-20.2%-34.3%23.7%-27.2%
6M Excs Rtn-24.4%-1.3%-35.1%-21.1%-35.2%22.8%-22.8%
12M Excs Rtn-11.4%-16.0%-111.5%-33.6%-47.7%10.3%-24.8%
3Y Excs Rtn-128.3%-27.5%-144.0%-82.6%-96.7%-38.7%-89.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil202420232022
Single Segment011
Total011


Assets by Segment
$ Mil20252024202320222021
Single Segment493214319
Total493214319


Price Behavior

Price Behavior
Market Price$5.05 
Market Cap ($ Bil)0.1 
First Trading Date07/13/2021 
Distance from 52W High-41.0% 
   50 Days200 Days
DMA Price$7.06$6.33
DMA Trendupdown
Distance from DMA-28.5%-20.2%
 3M1YR
Volatility112.7%77.9%
Downside Capture-95.3898.89
Upside Capture-199.3687.90
Correlation (SPY)0.2%15.9%
UNCY Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta-0.66-0.130.720.851.010.88
Up Beta1.36-0.041.391.581.360.74
Down Beta3.472.442.230.610.680.62
Up Capture-462%-217%-55%20%46%41%
Bmk +ve Days11244067140429
Stock +ve Days9223263130359
Down Capture-66%7%31%93%120%107%
Bmk -ve Days10172358112321
Stock -ve Days11183061115379

[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 UNCY
UNCY9.3%77.7%0.48-
Sector ETF (XLV)23.7%15.9%1.1526.0%
Equity (SPY)21.8%12.6%1.2915.7%
Gold (GLD)19.1%28.0%0.6118.1%
Commodities (DBC)27.9%18.9%1.16-1.6%
Real Estate (VNQ)16.9%14.0%0.8815.8%
Bitcoin (BTCUSD)-45.3%42.8%-1.2918.5%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with UNCY
UNCY-38.9%120.3%0.08-
Sector ETF (XLV)6.4%15.0%0.2410.0%
Equity (SPY)13.2%17.1%0.6010.4%
Gold (GLD)16.7%18.4%0.734.8%
Commodities (DBC)8.5%19.5%0.333.0%
Real Estate (VNQ)3.2%18.9%0.077.8%
Bitcoin (BTCUSD)14.5%53.5%0.457.9%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with UNCY
UNCY-21.8%120.3%0.08-
Sector ETF (XLV)10.1%16.6%0.4910.0%
Equity (SPY)15.4%17.9%0.7310.4%
Gold (GLD)10.9%16.1%0.554.8%
Commodities (DBC)6.5%18.0%0.283.0%
Real Estate (VNQ)5.2%20.7%0.227.8%
Bitcoin (BTCUSD)57.8%66.2%0.987.9%

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Short Interest

Short Interest: As Of Date6302026
Short Interest: Shares Quantity4.7 Mil
Short Interest: % Change Since 615202644.4%
Average Daily Volume3.9 Mil
Days-to-Cover Short Interest1.2 days
Basic Shares Quantity23.9 Mil
Short % of Basic Shares19.5%

Earnings Returns History

Updated 7/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/12/20262.8%2.5%-3.3%
11/12/20257.3%23.6%30.1%
8/14/20255.0%-7.3%-12.2%
5/14/2025-7.8%-0.9%5.3%
11/13/2024-1.3%0.1%52.8%
8/14/202434.0%66.9%61.0%
5/13/20240.0%-2.8%-39.4%
11/14/20230.6%-3.4%11.6%
...
SUMMARY STATS   
# Positive7710
# Negative996
Median Positive5.0%10.1%11.8%
Median Negative-3.3%-3.7%-18.1%
Max Positive34.0%66.9%61.0%
Max Negative-7.8%-7.3%-39.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/12/20262.8%2.5%-3.3%
11/12/20257.3%23.6%30.1%
8/14/20255.0%-7.3%-12.2%
5/14/2025-7.8%-0.9%5.3%
11/13/2024-1.3%0.1%52.8%
8/14/202434.0%66.9%61.0%
5/13/20240.0%-2.8%-39.4%
11/14/20230.6%-3.4%11.6%
8/15/2023-7.4%-0.2%-12.9%
5/16/2023-4.2%-4.2%11.9%
3/31/202311.7%10.1%-33.0%
11/14/2022-5.6%3.5%2.8%
8/15/2022-1.5%-3.7%2.8%
5/12/2022-2.8%11.1%47.2%
11/12/2021-1.5%-7.3%-23.3%
8/16/2021-3.3%-4.4%3.7%
SUMMARY STATS   
# Positive7710
# Negative996
Median Positive5.0%10.1%11.8%
Median Negative-3.3%-3.7%-18.1%
Max Positive34.0%66.9%61.0%
Max Negative-7.8%-7.3%-39.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/12/202610-Q
12/31/202503/30/202610-K
09/30/202511/12/202510-Q
06/30/202508/14/202510-Q
03/31/202505/14/202510-Q
12/31/202403/31/202510-K
09/30/202411/13/202410-Q
06/30/202408/14/202410-Q
03/31/202405/13/202410-Q
12/31/202303/28/202410-K
09/30/202311/14/202310-Q
06/30/202308/14/202310-Q
03/31/202305/16/202310-Q
12/31/202203/31/202310-K
09/30/202211/14/202210-Q
06/30/202208/15/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/12/202610-Q
12/31/202503/30/202610-K
09/30/202511/12/202510-Q
06/30/202508/14/202510-Q
03/31/202505/14/202510-Q
12/31/202403/31/202510-K
09/30/202411/13/202410-Q
06/30/202408/14/202410-Q
03/31/202405/13/202410-Q
12/31/202303/28/202410-K
09/30/202311/14/202310-Q
06/30/202308/14/202310-Q
03/31/202305/16/202310-Q
12/31/202203/31/202310-K
09/30/202211/14/202210-Q
06/30/202208/15/202210-Q
03/31/202205/12/202210-Q
12/31/202103/31/202210-K
09/30/202111/12/202110-Q
06/30/202108/16/202110-Q
03/31/202107/14/2021424B4

Recent Forward Guidance

Updated 7/12/2026

Latest: Q1 2026 Earnings Reported 5/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2027 Operational Runway      

Prior: Q3 2025 Earnings Reported 11/12/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2027 Cash Runway 2,027   Higher NewGuidance: 2,026 for 2026

Investor Activity (13F)

Updated Jul 17, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Great Point Partners LLC$5.2 Mil1.3%39Hold13F
Vivo Capital, LLC$11.8 Mil1.0%46Hold13F
Octagon Capital Advisors LP$6.6 Mil0.7%29Hold13F
Active Manager
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Vivo Capital, LLC$11.8 Mil1.0%46Hold13F
Octagon Capital Advisors LP$6.6 Mil0.7%29Hold13F
Great Point Partners LLC$5.2 Mil1.3%39Hold13F
Core Cache Last Updated: 7/16/2026