A company still losing money with shrinking sales, with elevated risk.
Going well
Sales up 106% last year
No debt reported
Watch out for
Sales down 79% in the latest quarter vs a year ago
Share count growing 32.7% a year (dilution)
Losing money, losses are large next to sales
Money moves
Insiders sold $63K in the last 30 days
Institutions added 0% to their holdings in the quarter ending June 2026 (53 bought, 30 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$3.65+2.8% that day
Company value
$255M
Share price times all shares
Price vs sales
4.2x
No profit over the last year, so this compares value with sales instead
Cash vs value
200%
A big cushion: cash is a large part of what the company is worth
From BCYC's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$629K-78% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $61.2M, up 217% from the 12 months before. Over 5 years, sales grew about 48% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of BCYC. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$227M
Profit in 5 years$23M
Price these guesses point to$3.03-17% vs $3.65 todayAbout -3.6% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 35% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-31.2%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-301.7%
MissProfitable every yearSteady profits, not one good year.0 of 9 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$252.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+133.6% in 3 years
Revenue
$72.6M
+105.8% vs prior year
5-year growth
+47.5%/yr
revenue, per year
Total debt
None
0.00x equity
Current ratio
11.98x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Jul 30
Revenue
$629K
-78.5% YoY
EPS
-$0.72
vs -$1.14
Op. margin
-8673.9%
-5708.1 pts
Free cash flow
-$49.9M
Share count
+0.8%
vs a year ago
Insider rating
Last 90 days
35Selling
5 insiders sold $57K (not pre-planned)
Pre-planned sales of $5K (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
1.0
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady0.0%
Institutions added 0.0% to their holdings. 53 bought, 30 sold. 2 quarters of net selling in a row.
Shares held by institutions37.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+18.5%
Cash runwayAt last year's cash burn
25 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
30M
Why elevated risk
Losing money, losses are large next to sales
Share count growing 18.5% a year (dilution)
Earnings reports
Last 12
Next reportIn 1 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedApr 30
Results filedMar 17
Results filedOct 30, 2025
Results filedAug 8, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days