AbCellera Biologics
Discovers antibodies for partners and advances its own clinical candidates.
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Profile
Builds antibody medicines through an integrated discovery platform and a growing internal pipeline. Its strategy emphasizes AbCellera-owned assets while selected partner programs remain active.
Combines technology, data science, infrastructure, and interdisciplinary teams to discover and develop antibody-based medicines. The platform historically supported partner programs, including antibodies discovered with Lilly for COVID-19, while the company now advances AbCellera-owned candidates. Its clinical pipeline spans endocrinology, women's health, immunology, and oncology, with ABCL635 and ABCL575 in clinical trials.
Founded in Vancouver, the workforce spans Canada, Australia, and the United States. Founder and CEO Carl Hansen has led the company since inception, and co-founder Véronique Lecault is chief technology officer. The operating model integrates antibody discovery with internal clinical development while selected partner-led programs remain active.
Company facts
Categories
Key statistics
Year to date +231% · Average volume (30d) 8.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 11, 2026 | Truist Financial | Target | $29 | $30 | ||
| Aug 6, 2026 | Stifel Nicolaus | Target | $8 | $9 | ||
| Jul 7, 2026 | Benchmark | Upgrade | Hold | Buy | ||
| May 12, 2026 | Stifel Nicolaus | Target | $8 | |||
| May 5, 2026 | Cantor Fitzgerald | Target | $7 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.16 | −$0.18 | −9.8% | $7.8M | $4.1M | −48.4% | +10.30% |
| May 11, 2026Q1 FY26 | −$0.22 | −$0.14 | +36.4% | $5.4M | $8.3M | +53.6% | −5.71% |
| Feb 24, 2026Q4 FY25 | −$0.18 | −$0.03 | +83.3% | $6.7M | $44.9M | +572.9% | −0.93% |
| Nov 6, 2025Q3 FY25 | −$0.17 | −$0.19 | −11.8% | $6.3M | $9.0M | +41.9% | −13.69% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.2M | $17.1M | $9.0M | $44.9M | $8.3M | $4.1M | |
| Gross profit | $4.2M | $17.1M | $9.0M | $36.9M | −$340.0K | $4.1M | |
| Operating income | −$62.7M | −$49.6M | −$76.3M | −$28.6M | −$57.5M | −$62.8M | |
| Net income | −$45.6M | −$34.7M | −$57.1M | −$8.9M | −$43.2M | −$55.4M | |
| Diluted EPS | −$0.15 | −$0.12 | −$0.19 | −$0.03 | −$0.14 | −$0.18 | |
| Gross margin | 100.0% | 100.0% | 100.0% | 82.3% | -4.1% | 100.0% | |
| Operating margin | -1,479.6% | -290.2% | -851.8% | -63.7% | -691.7% | -1,550.0% |
Fiscal years (4-quarter sums)FY21 $375.2M · FY22 $485.4M · FY23 $38.0M · FY24 $28.8M · FY25 $75.1M
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $540.1M · Total debt $135.6M · Total assets $1.31B · Shareholders' equity $896.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 305.38M · Float 205.09M · 67.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Thermopylae Holdings Ltd. · 10 percent owner | 56.13M | 18.38% | Form 4 | Mar 2, 2026 |
| Baker Bros. Advisors LP | 33.01M | 10.80% | 13G | May 7, 2026 |
| Capital World Investors | 13.36M | 4.38% | 13F | May 13, 2026 |
| Two Sigma Investments, LP | 10.56M | 3.46% | 13F | May 15, 2026 |
| TD Waterhouse Canada Inc. | 9.56M | 3.13% | 13F | May 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Michael R. Hayden | director | +53,613 | $10.64 |
| Aug 18, 2026 | John S. Montalbano | director | +10,000 | $11.03 |
| Aug 14, 2026 | Andrew Booth | officer: Chief Financial Officer | +37,200 | $10.32 |
| Aug 12, 2026 | Michael R. Hayden | director | +46,387 | $10.37 |
| May 14, 2026 | John S. Montalbano | director | +20,000 | $4.77 |
Peers
- OmniAb
Transgenic antibody-discovery platform for biopharma partners
- Absci
AI-native antibody discovery and clinical-stage therapeutic development
- Genmab (ADR)
Antibody technology platforms, partnerships, and proprietary medicines
- Twist Bioscience
Synthetic antibody-library discovery services for therapeutic programs
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AbCellera Biologics | $11.37 | +0.24% | $3.47B | — | — | 52.4 | −76.3% |
| OmniAb | $4.40 | −1.47% | $648.0M | — | — | 16.9 | +244.2% |
| Absci | $8.75 | +0.34% | $1.48B | — | — | 945.2 | −49.4% |
| Genmab (ADR) | $33.25 | +0.09% | $20.40B | 26.2 | 25.9 | 2.1 | +24.9% |
| Twist Bioscience | $141.01 | −0.20% | $8.80B | — | — | 20.4 | +23.3% |
| Median | 26.2 | 25.9 | 18.6 | +24.1% |






