ABCL · NASDAQ · Biotechnology

AbCellera Biologics

Discovers antibodies for partners and advances its own clinical candidates.

$11.37
After-hours close+0.03 (+0.24%)
At close$11.35(−8.51%)
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Profile

AbCellera Biologics Inc.ABCLHealth Care

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

CEOCarl L. G. Hansen
ListedDec 11, 2020
ExchangeNASDAQ
HeadquartersVancouver, BC
CountryCanada
Employees562
CIK0001703057
ISINCA00288U1066

Key statistics

Market cap$3.47B
EPS (ttm)−$0.5400
P/E (ttm)−21.02
ROE-17.5%
P/B3.87
P/S52.38
Dividend yield
Beta2.69vs XLV 1.25

Year to date +231% · Average volume (30d) 8.5M

Analysts

Price target, next 12 months$9.00−20.7%Median of 12 analysts · vs the Aug 28 close
ConsensusBuy11 of 12 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Aug 11, 2026Truist FinancialTarget$29$30
Aug 6, 2026Stifel NicolausTarget$8$9
Jul 7, 2026BenchmarkUpgradeHoldBuy
May 12, 2026Stifel NicolausTarget$8
May 5, 2026Cantor FitzgeraldTarget$7

Earnings

EPS

Estimate−$0.18
ReportedDue Nov 5, 2026

Revenue

Estimate$5.3M
ReportedDue Nov 5, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext 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%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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 margin100.0%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

Research Fees$3.9M · 96%
Licensing And Royalty Revenue$149.0K · 4%

Revenue by geography · FY25

Canada$64.0M · 85%
United States$11.1M · 15%

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

Institutions 40.70%124.28M sharesInsiders 0.96%2.94M sharesOther 58.34%178.15M shares

Shares outstanding 305.38M · Float 205.09M · 67.2% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Thermopylae Holdings Ltd. · 10 percent owner56.13M18.38%Form 4Mar 2, 2026
Baker Bros. Advisors LP33.01M10.80%13GMay 7, 2026
Capital World Investors13.36M4.38%13FMay 13, 2026
Two Sigma Investments, LP10.56M3.46%13FMay 15, 2026
TD Waterhouse Canada Inc.9.56M3.13%13FMay 12, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 24, 2026Michael R. Haydendirector+53,613$10.64
Aug 18, 2026John S. Montalbanodirector+10,000$11.03
Aug 14, 2026Andrew Boothofficer: Chief Financial Officer+37,200$10.32
Aug 12, 2026Michael R. Haydendirector+46,387$10.37
May 14, 2026John S. Montalbanodirector+20,000$4.77
View details

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

CompanyPriceChange
AbCellera Biologics$11.37+0.24%$3.47B52.4−76.3%
OmniAb$4.40−1.47%$648.0M16.9+244.2%
Absci$8.75+0.34%$1.48B945.2−49.4%
Genmab (ADR)$33.25+0.09%$20.40B26.225.92.1+24.9%
Twist Bioscience$141.01−0.20%$8.80B20.4+23.3%
Median26.225.918.6+24.1%