Tearsheet

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 -163%

Low stock price volatility
Vol 12M is 49%

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

Weak multi-year price returns
2Y Excs Rtn is -95%, 3Y Excs Rtn is -126%

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 -48 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 -61%

Key risks
XBIT key risks include [1] a history of significant clinical trial failures and data irregularities, 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 -163%
1 Low stock price volatility
Vol 12M is 49%
2 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -95%, 3Y Excs Rtn is -126%
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 -48 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 -61%
7 Key risks
XBIT key risks include [1] a history of significant clinical trial failures and data irregularities, Show more.

XBIT in ETFs

Weight = XBIT's share of each fund

AVUV0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/1/2026

XBiotech (XBIT) stock has remained largely at the same level since 3/31/2026 because of the following key factors:

1. Mixed Fiscal Q1 2026 Financial Results and Missed EPS.

XBiotech reported a net loss of $5.5 million for fiscal Q1 2026 (ended March 31, 2026), an improvement from a $10.9 million loss in the prior year, and maintained a strong cash position of $115.5 million. However, the company missed analysts' consensus earnings per share (EPS) estimates by $0.21, reporting an -$0.18 EPS, which tempered investor enthusiasm despite operational improvements from reduced R&D and G&A expenses.

2. Early-Stage Clinical Development and Lack of Immediate Revenue Catalysts.

While XBiotech announced the launch of a Phase II clinical trial for Vilamakitug in active axial spondyloarthritis in fiscal Q2 2026 and was awarded three U.S. patents in March 2026 protecting its next-generation True Human™ antibodies targeting Interleukin-1 Alpha, these are early-stage developments. These advancements, while positive for the long term, do not generate immediate revenue, a factor noted by analysts as contributing to a neutral outlook for the stock in the near term.

Show more
Updated on 7/1/2026

XBiotech (XBIT) stock has remained largely at the same level since 3/31/2026 because of the following key factors:

1. Mixed Fiscal Q1 2026 Financial Results and Missed EPS.

XBiotech reported a net loss of $5.5 million for fiscal Q1 2026 (ended March 31, 2026), an improvement from a $10.9 million loss in the prior year, and maintained a strong cash position of $115.5 million. However, the company missed analysts' consensus earnings per share (EPS) estimates by $0.21, reporting an -$0.18 EPS, which tempered investor enthusiasm despite operational improvements from reduced R&D and G&A expenses.

2. Early-Stage Clinical Development and Lack of Immediate Revenue Catalysts.

While XBiotech announced the launch of a Phase II clinical trial for Vilamakitug in active axial spondyloarthritis in fiscal Q2 2026 and was awarded three U.S. patents in March 2026 protecting its next-generation True Human™ antibodies targeting Interleukin-1 Alpha, these are early-stage developments. These advancements, while positive for the long term, do not generate immediate revenue, a factor noted by analysts as contributing to a neutral outlook for the stock in the near term.

3. Negative Analyst Consensus and Limited Market Coverage.

The stock maintained a consensus "Sell" rating from the single Wall Street analyst providing coverage during fiscal Q2 2026, with no "Buy" or "Hold" recommendations. This prevailing negative sentiment from the limited analyst community likely restrained significant upward movement, contributing to the stock remaining largely at the same level.

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Stock Movement Drivers

Fundamental Drivers

The -0.9% change in XBIT stock from 3/31/2026 to 7/13/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)33120267132026Change
Stock Price ($)2.352.33-0.9%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)30300.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/13/2026
ReturnCorrelation
XBIT-0.9% 
Market (SPY)15.2%13.8%
Sector (XLV)10.1%11.9%

Fundamental Drivers

The -2.5% change in XBIT stock from 12/31/2025 to 7/13/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)123120257132026Change
Stock Price ($)2.392.33-2.5%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)30300.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/13/2026
ReturnCorrelation
XBIT-2.5% 
Market (SPY)10.2%19.6%
Sector (XLV)4.7%14.9%

Fundamental Drivers

The -21.5% change in XBIT stock from 6/30/2025 to 7/13/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)63020257132026Change
Stock Price ($)2.972.33-21.5%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)30300.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/13/2026
ReturnCorrelation
XBIT-21.5% 
Market (SPY)22.3%17.8%
Sector (XLV)21.3%22.9%

Fundamental Drivers

The -60.8% change in XBIT stock from 6/30/2023 to 7/13/2026 was primarily driven by a null change in the company's Total Revenues ($ Mil).
(LTM values as of)63020237132026Change
Stock Price ($)5.942.33-60.8%
Change Contribution By: 
Total Revenues ($ Mil)40 
P/S Multiple51.59.2233720368547763E17%
Shares Outstanding (Mil)3030-0.2%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/13/2026
ReturnCorrelation
XBIT-60.8% 
Market (SPY)75.0%23.3%
Sector (XLV)27.3%16.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
XBIT Return-20%-68%14%-1%-39%-4%-83%
Peers Return37%2%-3%-9%46%12%100%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
XBIT Win Rate42%17%50%50%33%43% 
Peers Win Rate55%52%47%47%58%57% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
XBIT Max Drawdown-39%-74%-44%-62%-53%-17% 
Peers Max Drawdown-32%-37%-41%-42%-38%-26% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: REGN, AMGN, LLY, CLDX, AVTX.
[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 7/13/2026 (YTD)

How Low Can It Go

EventXBITS&P 500
2025 US Tariff Shock
  % Loss-15.1%-18.8%
  % Gain to Breakeven17.8%23.1%
  Time to Breakeven18 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-31.9%-9.5%
  % Gain to Breakeven46.9%10.5%
  Time to Breakeven56 days24 days
2023 SVB Regional Banking Crisis
  % Loss-17.3%-6.7%
  % Gain to Breakeven20.9%7.1%
  Time to Breakeven21 days31 days
2020 COVID-19 Crash
  % Loss-38.9%-33.7%
  % Gain to Breakeven63.7%50.9%
  Time to Breakeven42 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-76.1%-3.7%
  % Gain to Breakeven318.8%3.9%
  Time to Breakeven893 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-57.6%-12.2%
  % Gain to Breakeven135.9%13.9%
  Time to Breakeven134 days62 days

Compare to REGN, AMGN, LLY, CLDX, AVTX

In The Past

XBiotech's stock fell -15.1% during the 2025 US Tariff Shock. Such a loss loss requires a 17.8% 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.

EventXBITS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-31.9%-9.5%
  % Gain to Breakeven46.9%10.5%
  Time to Breakeven56 days24 days
2020 COVID-19 Crash
  % Loss-38.9%-33.7%
  % Gain to Breakeven63.7%50.9%
  Time to Breakeven42 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-76.1%-3.7%
  % Gain to Breakeven318.8%3.9%
  Time to Breakeven893 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-57.6%-12.2%
  % Gain to Breakeven135.9%13.9%
  Time to Breakeven134 days62 days
2014-2016 Oil Price Collapse
  % Loss-69.9%-6.8%
  % Gain to Breakeven232.6%7.3%
  Time to Breakeven163 days15 days

Compare to REGN, AMGN, LLY, CLDX, AVTX

In The Past

XBiotech's stock fell -15.1% during the 2025 US Tariff Shock. Such a loss loss requires a 17.8% 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 XBiotech (XBIT)

XBiotech Inc. (XBIT) is a biopharmaceutical company that specializes in the discovery, development, and commercialization of "True Human" monoclonal antibodies. Based in Austin, Texas, the company focuses on creating innovative therapeutic solutions primarily for inflammatory and infectious diseases. Their core approach involves leveraging these unique antibodies to address a range of complex medical conditions.

The company's pipeline includes promising product candidates such as interleukin-1 alpha therapies, which are being developed to treat severe conditions like cancer, stroke, heart attack, and arthritis. These therapies aim to mitigate processes such as tissue breakdown, inflammation, and blood clot formation. Additionally, XBiotech is developing a "True Human" COVID-19 therapy specifically designed to combat the COVID-19 mutant virus. The primary market for XBiotech's therapies consists of patients suffering from these serious diseases, with its products intended for prescription and use within the broader healthcare sector.

AI Analysis | Feedback

A specialized biotech firm, like a focused Amgen, dedicated to 'True Human' antibody therapies.

A drug discovery company, akin to a targeted Regeneron Pharmaceuticals, but centered on its 'True Human' antibody platform.

AI Analysis | Feedback

  • True Human Monoclonal Antibodies: These therapies are developed to treat a variety of inflammatory and infectious diseases.
  • Interleukin-1 Alpha Therapies: These therapies target interleukin-1 alpha to treat medical conditions such as cancer, stroke, heart attack, and arthritis.
  • True Human COVID-19 Therapy: A specific therapy under development for treating the COVID-19 mutant virus.

AI Analysis | Feedback

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John Simard, Founder, Chairman of the Board, Scientific Advisor

John Simard founded XBiotech in 2005. He graduated from the biochemistry program at the University of Saskatchewan in 1992 and studied immunology at the University of Toronto. Prior to XBiotech, he launched CTL ImmunoTherapies Corp. in 1997 and spun out Allecure Corp. in 1999. In 2001, Allecure and CTL ImmunoTherapies merged with a third company to form MannKind Corp., where Mr. Simard served on the board and as President of its Immunotherapy division until 2002. In 2019, he orchestrated the sale of the True Human antibody bermekimab to Janssen Pharmaceutical, a subsidiary of Johnson & Johnson, for $750 million. He is the inventor of over 300 issued and pending patents related to immunotherapies.

Sushma Shivaswamy, Interim Chief Executive Officer & Chief Scientific Officer

Dr. Sushma Shivaswamy was appointed Interim CEO effective December 8, 2025, and has served as XBiotech's Chief Scientific Officer since November 2017. She oversees all scientific and technical operations for research and development and GMP production of antibodies. Dr. Shivaswamy has been with XBiotech since 2009, previously serving as Vice President of Research and Development from January 2015, and as Director of Research & Development and Senior Scientist. Before joining the company, she was a postdoctoral researcher at the Center for Systems and Synthetic Biology at the University of Texas at Austin. She holds a Ph.D. in Molecular Biology from the Center for Cellular and Molecular Biology, India.

Angela Hu, Principal Financial Officer and Principal Accounting Officer

Angela Hu assumed the role of Principal Financial Officer and Principal Accounting Officer on February 10, 2023. She previously served as the Financial Controller of XBiotech Inc.

Qian Wu, Senior Vice President of Clinical Operations & Analytical Quality

Qian Wu serves as the Senior Vice President of Clinical Operations & Analytical Quality at XBiotech Inc.

AI Analysis | Feedback

The key risks to XBiotech's business include:

  1. Clinical Trial Failures and Regulatory Hurdles: XBiotech faces significant risks related to the failure of its product candidates to advance through clinical development or achieve the primary endpoints in trials. The company has experienced setbacks with several drug candidates, including a Phase II trial for a staph infection drug where patients died, and the drug failed to show statistically significant improvements. Similarly, its rheumatoid arthritis treatment, Natrunix, failed to meet its primary endpoint in a Phase II study amidst "substantial irregularities". The European Medicines Agency (EMA) also rejected XBiotech's lead cancer therapy, Xilonix, citing "dubious data," an increased risk of infection in patients, and concerns regarding manufacturing processes. These failures directly impact the company's ability to gain regulatory approval and bring products to market, leading to increased expenses and delays.
  2. Financial Sustainability and Reliance on Future Capital Raises: XBiotech has a history of operating losses and has accumulated a significant deficit, reporting a net loss for the fiscal year ended December 31, 2024, and expecting to continue incurring substantial expenses and operating losses for the foreseeable future. The company has "limited opportunities to generate revenue and may never sustain profitability". Its primary source of past revenue, a manufacturing deal for Bermekimab, concluded in November 2022, leaving the company with "no approved products and no guaranteed future revenue" unless new milestones, royalties, or partnerships are secured. The ongoing research and development (R&D) and clinical trial expenses will necessitate future capital raises, which are subject to market conditions and the company's cash burn rate.
  3. Competition and Intellectual Property Risks: XBiotech operates in a highly competitive biopharmaceutical industry and faces the risk that competitors may discover, develop, or commercialize products more rapidly or successfully. Its "True Human antibodies will face scrutiny against established treatments". Additionally, the company faces risks associated with intellectual property, including potential inability to obtain or protect necessary intellectual property rights, the possibility of its technology infringing upon third-party rights, and difficulties in licensing essential intellectual property on reasonable terms.

AI Analysis | Feedback

The rapidly evolving landscape of COVID-19 therapeutics poses a clear emerging threat to XBiotech's True Human COVID-19 therapy. This market has been significantly disrupted by several factors: the continuous and rapid evolution of the SARS-CoV-2 virus, leading to existing antibody treatments becoming obsolete; the widespread availability and efficacy of vaccines, reducing the overall demand for acute treatments; and the emergence of effective oral antiviral medications, which offer convenient alternatives to intravenous antibody therapies. These market shifts collectively create a highly challenging environment for any new COVID-19 specific antibody therapy to gain significant traction, commercial viability, or clinical relevance.

AI Analysis | Feedback

Addressable Markets for XBiotech (XBIT) Main Products or Services:

  • True Human Monoclonal Antibodies for Various Diseases (Inflammatory and Infectious Diseases, including those targeted by Interleukin-1 alpha therapies for conditions like cancer and arthritis): The global monoclonal antibodies market was estimated at USD 237.64 billion in 2023 and is expected to surpass USD 679.03 billion by 2033, growing at a CAGR of 11.07% from 2024 to 2033. North America held the largest share of this market, accounting for 48% in 2023.
    • For oncology applications, the monoclonal antibodies market generated 49.35% of global revenue in 2025.
    • For autoimmune diseases, including conditions like arthritis that XBiotech targets with IL-1α therapies, the monoclonal antibodies market is projected to grow at a lucrative rate due to increasing prevalence. This segment is also expected to post the strongest compound annual growth rate (CAGR) among indications through 2031.
  • Interleukin-1 Alpha (IL-1α) Therapies (specific market for this product): null. While the market for Interleukin-1 alpha (IL-1α)-related products is experiencing significant growth due to the rising prevalence of inflammatory diseases, precise market figures for the overall IL-1α market for the period 2019-2033 are unavailable.
  • True Human COVID-19 Therapy: The global COVID-19 therapeutics market size was valued at US$ 30.7 billion in 2021. This market is projected to contract to more than US$ 16.2 billion by the end of 2031. Another estimate places the global COVID-19 therapeutics market size at USD 32.54 billion in 2025, with an expected decline to USD 8.70 billion by 2033.

AI Analysis | Feedback

XBiotech Inc. (XBIT) is a biopharmaceutical company focused on discovering, developing, and commercializing True Human monoclonal antibodies. As a clinical-stage company, its future revenue growth over the next 2-3 years will primarily be driven by the successful advancement, regulatory approval, and potential commercialization of its pipeline products.

Here are 3-5 expected drivers of future revenue growth for XBiotech:

  1. Commercialization of Natrunix for Oncology Indications: XBiotech is actively pursuing interleukin-1 alpha (IL-1α) therapies for various medical conditions, including cancer. The company announced promising results from a Phase 1/2 study for advanced pancreatic cancer using Natrunix in combination with standard chemotherapy in June 2024. Ongoing discussions with the FDA regarding a regulatory path for Natrunix in oncology suggest that successful clinical trials and subsequent regulatory approval could lead to significant revenue generation.
  2. Advancement and Commercialization of True Human Anti-infective Antibody Therapies: XBiotech has identified several major areas of urgent unmet medical need within infectious diseases and is dedicated to advancing its pipeline of True Human anti-infective antibody therapies. Successful progression through clinical trials and eventual market entry for these therapies represent a potential new stream of revenue.
  3. Commercialization of Hutrukin for Stroke: The company completed a Phase I study for Hutrukin, a True Human antibody therapeutic designed to reduce brain injury after reperfusion procedures in stroke patients, at the end of 2023. This study demonstrated that high bolus doses of Hutrukin were safe and well-tolerated. While a Phase II study is currently on hold pending clarification of regulatory paths for other programs, successful future clinical development and regulatory approval of Hutrukin could contribute to revenue growth.
  4. Potential for IL-1α Therapies in other Inflammatory Diseases: Beyond specific programs, XBiotech maintains a broader focus on developing a pipeline of product candidates targeting inflammatory diseases. While the rheumatology program for rheumatoid arthritis faced setbacks and is currently on hold due to irregularities in a Phase II study, the company continues to believe in the potential for Natrunix as a treatment for arthritic diseases. Future successful development and commercialization of IL-1α therapies for other inflammatory conditions could serve as a revenue driver.

AI Analysis | Feedback

Share Repurchases

  • XBiotech announced an $80 million buyback offer on May 17, 2023.

Inbound Investments

  • XBiotech received $75 million from an antibody sale of bermekimab on June 30, 2021.
  • In January 2024, XBiotech announced it expects to receive $10 million in funding.

Capital Expenditures

  • Capital expenditures in the most recent reported quarter totaled approximately $0.11 million USD.
  • XBiotech plans to begin constructing a new research and development facility on its 48-acre campus in Austin, Texas, to support commercialization and infectious disease programs, as announced in January 2024.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

XBITREGNAMGNLLYCLDXAVTXMedian
NameXBiotech Regenero.Amgen Eli LillyCelldex .Avalo Th. 
Mkt Price2.33663.09360.451,181.8738.5318.91199.49
Mkt Cap0.169.0194.61,057.22.60.435.8
Rev LTM014,92037,22072,250107,460
Op Inc LTM-483,84310,56834,172-309-791,897
FCF LTM-423,7918,59710,368-226-601,874
FCF 3Y Avg-323,5618,8701,734-174-46851
CFO LTM-425,01310,75620,480-222-602,485
CFO 3Y Avg-314,56810,34811,158-171-462,268

Growth & Margins

XBITREGNAMGNLLYCLDXAVTXMedian
NameXBiotech Regenero.Amgen Eli LillyCelldex .Avalo Th. 
Rev Chg LTM-5.9%9.1%47.4%-88.5%-86.6%5.9%
Rev Chg 3Y Avg-6.4%12.5%37.9%9.6%-82.6%9.6%
Rev Chg Q-19.0%5.8%55.5%-97.8%-12.4%
QoQ Delta Rev Chg LTM-4.0%1.3%10.8%-44.0%0.0%1.3%
Op Inc Chg LTM-7.2%-2.4%41.9%73.3%-42.3%-57.3%-4.8%
Op Inc Chg 3Y Avg-12.9%-6.3%8.8%67.4%-38.9%-62.9%-9.6%
Op Mgn LTM-25.8%28.4%47.3%-35,688.5%-134,164.4%25.8%
Op Mgn 3Y Avg-28.1%24.6%39.7%-13,678.4%-48,981.4%24.6%
QoQ Delta Op Mgn LTM--0.1%3.7%1.7%-17,100.7%-10,562.7%-0.1%
CFO/Rev LTM-33.6%28.9%28.3%-25,653.7%-101,172.9%28.3%
CFO/Rev 3Y Avg-32.6%30.7%19.2%-9,962.8%-38,295.0%19.2%
FCF/Rev LTM-25.4%23.1%14.4%-26,125.8%-101,172.9%14.4%
FCF/Rev 3Y Avg-25.5%26.4%0.3%-10,136.9%-38,295.0%0.3%

Valuation

XBITREGNAMGNLLYCLDXAVTXMedian
NameXBiotech Regenero.Amgen Eli LillyCelldex .Avalo Th. 
Mkt Cap0.169.0194.61,057.22.60.435.8
P/S-4.65.214.62,961.66,444.414.6
P/Op Inc-1.517.918.430.9-8.3-4.88.2
P/EBIT-1.813.216.529.6-8.3-4.85.7
P/E-1.815.625.041.8-9.0-4.56.9
P/CFO-1.713.818.151.6-11.5-6.46.0
Total Yield-56.5%7.0%6.7%2.9%-11.1%-22.3%-4.1%
Dividend Yield0.0%0.5%2.7%0.5%0.0%0.0%0.3%
FCF Yield 3Y Avg-33.3%4.3%5.2%0.2%-10.0%-75.2%-4.9%
D/E0.00.00.30.00.00.00.0
Net D/E-1.6-0.10.20.0-0.2-0.2-0.1

Returns

XBITREGNAMGNLLYCLDXAVTXMedian
NameXBiotech Regenero.Amgen Eli LillyCelldex .Avalo Th. 
1M Rtn-0.4%8.3%1.5%4.3%23.2%28.1%6.3%
3M Rtn-3.3%-11.0%3.8%27.4%18.2%41.8%11.0%
6M Rtn-7.9%-13.4%12.3%9.7%50.1%13.4%11.0%
12M Rtn-17.7%17.4%25.7%50.1%68.2%295.6%37.9%
3Y Rtn-55.2%-7.0%73.8%168.6%3.3%-76.3%-1.8%
1M Excs Rtn-4.3%6.8%3.3%0.6%27.9%40.9%5.1%
3M Excs Rtn-10.2%-21.6%-6.8%15.8%9.3%28.2%1.2%
6M Excs Rtn-20.7%-25.6%2.2%0.7%32.3%1.9%1.3%
12M Excs Rtn-40.9%-0.6%3.9%30.9%50.2%266.3%17.4%
3Y Excs Rtn-126.3%-75.5%6.9%90.3%-61.7%-148.1%-68.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2023202220212020
Clinical trial revenue0 026
Manufacturing revenue041818
Other revenue   0
Total041844


Assets by Segment
$ Mil20252024202320222019
Single segment150199227246817
Total150199227246817


Price Behavior

Price Behavior
Market Price$2.33 
Market Cap ($ Bil)0.1 
First Trading Date04/15/2015 
Distance from 52W High-33.4% 
   50 Days200 Days
DMA Price$2.41$2.45
DMA Trenddowndown
Distance from DMA-3.3%-4.8%
 3M1YR
Volatility22.3%49.3%
Downside Capture25.8491.38
Upside Capture2.9847.68
Correlation (SPY)11.6%17.8%
XBIT Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta-0.19-0.050.380.410.731.03
Up Beta0.02-0.180.830.840.851.05
Down Beta0.000.010.080.340.571.38
Up Capture-62%-39%14%16%41%21%
Bmk +ve Days11244067140429
Stock +ve Days611235099329
Down Capture-5%34%28%41%99%102%
Bmk -ve Days10172358112321
Stock -ve Days8172553118376

[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 XBIT
XBIT-21.4%49.3%-0.33-
Sector ETF (XLV)20.0%15.7%0.9722.2%
Equity (SPY)20.8%12.6%1.2317.6%
Gold (GLD)20.0%27.9%0.641.7%
Commodities (DBC)27.6%18.9%1.164.4%
Real Estate (VNQ)13.3%13.9%0.6618.4%
Bitcoin (BTCUSD)-44.8%42.7%-1.2811.4%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with XBIT
XBIT-30.4%64.0%-0.31-
Sector ETF (XLV)6.3%14.9%0.2420.6%
Equity (SPY)13.0%17.1%0.5927.5%
Gold (GLD)17.0%18.3%0.750.1%
Commodities (DBC)7.8%19.5%0.299.0%
Real Estate (VNQ)2.9%18.9%0.0620.8%
Bitcoin (BTCUSD)13.6%53.5%0.4417.9%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with XBIT
XBIT-18.4%75.0%0.08-
Sector ETF (XLV)10.3%16.6%0.5018.7%
Equity (SPY)15.4%17.9%0.7322.1%
Gold (GLD)11.3%16.1%0.570.1%
Commodities (DBC)6.3%18.0%0.288.9%
Real Estate (VNQ)5.1%20.7%0.2116.8%
Bitcoin (BTCUSD)57.7%66.2%0.989.2%

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

Short Interest

Short Interest: As Of Date6302026
Short Interest: Shares Quantity0.3 Mil
Short Interest: % Change Since 615202628.1%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest8.5 days
Basic Shares Quantity30.5 Mil
Short % of Basic Shares0.9%

Earnings Returns History

Updated 6/2/2026
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

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Report DateFiling DateFiling
03/31/202605/14/202610-Q
12/31/202503/13/202610-K
09/30/202511/12/202510-Q
06/30/202508/13/202510-Q
03/31/202505/14/202510-Q
12/31/202403/18/202510-K
09/30/202411/13/202410-Q
06/30/202408/12/202410-Q
03/31/202405/10/202410-Q
12/31/202303/15/202410-K
09/30/202311/09/202310-Q
06/30/202308/11/202310-Q
03/31/202305/10/202310-Q
12/31/202203/15/202310-K
09/30/202211/09/202210-Q
06/30/202208/10/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/14/202610-Q
12/31/202503/13/202610-K
09/30/202511/12/202510-Q
06/30/202508/13/202510-Q
03/31/202505/14/202510-Q
12/31/202403/18/202510-K
09/30/202411/13/202410-Q
06/30/202408/12/202410-Q
03/31/202405/10/202410-Q
12/31/202303/15/202410-K
09/30/202311/09/202310-Q
06/30/202308/11/202310-Q
03/31/202305/10/202310-Q
12/31/202203/15/202310-K
09/30/202211/09/202210-Q
06/30/202208/10/202210-Q
03/31/202205/10/202210-Q
12/31/202103/15/202210-K
09/30/202111/09/202110-Q
06/30/202108/09/202110-Q
03/31/202105/10/202110-Q
12/31/202003/16/202110-K
09/30/202011/09/202010-Q
06/30/202008/10/202010-Q
03/31/202005/11/202010-Q
12/31/201903/16/202010-K
09/30/201911/12/201910-Q
06/30/201908/09/201910-Q
Core Cache Last Updated: 7/13/2026