A company still losing money with growing sales, with elevated risk.
Going well
Sales up 199% in the latest quarter vs a year ago
Sales up 21% last year
Watch out for
About 8 months of cash left at its current burn
Owes more than it owns (negative equity)
Losing money, losses are large next to sales
Money moves
Insiders sold $81K in the last 30 days
Institutions cut 8.6% from their holdings in the quarter ending June 2026 (101 bought, 74 sold)
Held by Cathie Wood (ARK Invest)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$34.03-1.5% that day
Company value
$1.7B
Share price times all shares
Price vs sales
8.8x
No profit over the last year, so this compares value with sales instead
Cash vs value
5%
Cash as a share of company value
Debt vs value
8%
Debt as a share of company value
From URGN'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
$72.5M+199% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $188.7M, up 100% from the 12 months before. Over 5 years, sales grew about 56% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of URGN. 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$701M
Profit in 5 years$70M
Price these guesses point to$21.50-37% vs $34.03 todayAbout -8.8% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 42% 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.
1/5Weak
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-139.8%
MissProfitable every yearSteady profits, not one good year.0 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$162.7M
PassGross margin 40%+Pricing power: sells for well above what it costs to make.88.7%
Revenue
$109.8M
+21.4% vs prior year
5-year growth
+56.2%/yr
revenue, per year
Total debt
$125.0M
Current ratio
4.01x
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%+, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 5
Revenue
$72.5M
+199.2% YoY
EPS
-$0.28
vs -$1.05
Op. margin
0.2%
+171.4 pts
Gross margin
90.9%
+5.6 pts
Free cash flow
-$33.1M
Share count
+5.7%
vs a year ago
Insider rating
Last 90 days
41Mixed
1 insider sold $81K (not pre-planned)
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
1
Normal week
1.0
vs normal
1.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-8.6%
Institutions cut 8.6% from their holdings. 101 bought, 74 sold.
Shares held by institutions42.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+17.5%
Cash runwayAt last year's cash burn
6 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
49M
Why high risk
Losing money, losses are large next to sales
About 6 months of cash left at its current burn
Share count growing 17.5% a year (dilution)
Owes more than it owns (negative equity)
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 6
Results filedMar 2
Results filedNov 6, 2025
Results filedAug 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days