A company still losing money with growing sales, with elevated risk. Institutions are adding.
Going well
Sales up 127% in the latest quarter vs a year ago
Watch out for
About 5 months of cash left at its current burn
Losing money, losses are large next to sales
Share count growing 7.1% a year
Money moves
No insider buying or selling in the last 30 days
Institutions added 11% to their holdings in the quarter ending June 2026 (173 bought, 106 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$21.64-3.4% that day
Company value
$1.4B
Share price times all shares
Price vs sales
75.4x
No profit over the last year, so this compares value with sales instead
Cash vs value
10%
Cash as a share of company value
Debt vs value
5%
Debt as a share of company value
From QURE'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, Mar '26
$3.6M+127% vs a year earlier
Jun '23Tap a barMar '26
Last 12 months: $18.1M, down 10% from the 12 months before. Over 5 years, sales shrank about 16% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of QURE. 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$11M
Profit in 5 years$1M
Price these guesses point to$0.17-99% vs $21.64 todayAbout -62% a year, before dividends
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.
1/5Weak
PassDebt under half of equityNot relying on borrowed money.0.36x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissProfitable every yearSteady profits, not one good year.1 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$178.4M
MissShare count not growingNot diluting owners. Falling means buybacks.+23.0% in 3 years
Revenue
$16.1M
-40.6% vs prior year
5-year growth
-15.6%/yr
revenue, per year
Total debt
$71.9M
0.36x equity
Current ratio
10.43x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Mar 31, 2026
Reported Jul 29
Revenue
$3.6M
+127.3% YoY
EPS
-$0.85
vs -$0.82
Op. margin
-1283.5%
+1226.5 pts
Gross margin
93.9%
+6.5 pts
Free cash flow
-$38.4M
Share count
+18.1%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
0.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+11.1%
Institutions added 11.1% to their holdings. 173 bought, 106 sold.
Shares held by institutions66.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+9.9%
Cash runwayAt last year's cash burn
9 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $49.9M debt
Shares outstandingLatest reported
63M
Why high risk
Losing money, losses are large next to sales
About 9 months of cash left at its current burn
Share count growing 9.9% a year
Revenue down 40.6% from the year before
2 offering filings in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Nov 9 (est.)Estimated from the same quarter last year
Results filedJul 29
Results filedMay 5
Results filedMar 2
Results filedNov 10, 2025
Results filedJul 29, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days