Absci
Designs antibody drug candidates with generative AI and validates them in its own wet lab.
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Profile
Combines a generative AI model with an automated wet lab to design antibodies against disease targets that lack any known binder, then advances the strongest candidates through early clinical testing while licensing the platform to larger drug makers for milestone and royalty payments.
Antibody therapeutics are designed computationally with a generative model, then tested through an automated wet lab that feeds results back into the model. This cycle targets disease proteins with no existing known binder, a category traditional screening struggles to address.
Two tracks run in parallel. An internal pipeline led by an anti-PRLR antibody is in early clinical testing for androgenetic alopecia, with an endometriosis indication planned next. A second antibody for inflammatory bowel disease finished initial human testing and is offered to outside partners rather than advanced internally, alongside earlier oncology candidates.
Revenue comes mainly from platform partnerships with larger drug makers, which license the design technology against specific targets for upfront fees, research funding, and milestone and royalty payments.
Operations are concentrated in one automated research campus in Vancouver, Washington, built around pairing computational design with rapid physical validation.
Company facts
Key statistics
Year to date +142% · Average volume (30d) 2.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jun 25, 2026 | Morgan Stanley | Reiterate | Positive | $4.10 | $10 |
| Jun 25, 2026 | H.C. Wainwright | Reiterate | Buy | $8 | $16 |
| Jun 15, 2026 | Guggenheim | Reiterate | Buy | $15 | |
| Jun 4, 2026 | Leerink Partners | Target | $12 | ||
| May 28, 2026 | BTIG | Target | $9 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | −$0.19 | −$0.18 | +5.8% | $919.6K | $300.0K | −67.4% | +0.96% |
| May 7, 2026Q1 FY26 | −$0.20 | −$0.19 | +5.0% | $1.4M | $215.0K | −84.5% | +2.61% |
| Mar 24, 2026Q4 FY25 | −$0.16 | −$0.23 | −43.8% | $1.4M | $650.0K | −54.2% | −2.99% |
| Nov 12, 2025Q3 FY25 | −$0.19 | −$0.20 | −5.3% | $1.4M | $378.0K | −72.6% | −22.35% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.2M | $593.0K | $378.0K | $650.0K | $215.0K | $318.0K | |
| Gross profit | −$15.2M | −$19.9M | $378.0K | −$2.2M | −$2.5M | $318.0K | |
| Operating income | −$27.7M | −$31.4M | −$30.2M | −$36.1M | −$30.8M | −$34.2M | |
| Net income | −$26.3M | −$30.6M | −$28.7M | −$29.6M | −$29.6M | −$33.2M | |
| Diluted EPS | −$0.21 | −$0.24 | −$0.20 | −$0.20 | −$0.19 | −$0.21 | |
| Gross margin | -1,288.0% | -3,349.9% | 100.0% | -335.1% | -1,168.8% | 100.0% | |
| Operating margin | -2,351.9% | -5,293.9% | -7,977.2% | -5,560.3% | -14,347.0% | -10,741.5% |
Fiscal years (4-quarter sums)FY21 $4.8M · FY22 $5.7M · FY23 $5.7M · FY24 $4.5M · FY25 $2.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $201.1M · Total debt $3.7M · Total assets $268.9M · Shareholders' equity $246.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 169.40M · Float 146.89M · 86.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 25.41M | 15.00% | 13F | Aug 13, 2026 |
| Ark Investment Management LLC | 12.93M | 7.63% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 12.18M | 7.19% | 13F | Aug 7, 2026 |
| Sean McClain · director, officer: Chief Executive Officer | 8.66M | 5.11% | Form 4 | Jun 26, 2026 |
| State Street Corp | 8.10M | 4.78% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 30, 2026 | Mary T. Szela | director | +12,900 | $11.54 |
| May 13, 2026 | Menelas N. Pangalos | director | +37,453 | $5.36 |
| Mar 12, 2026 | Andreas Busch | officer: Chief Innovation Officer | +100,000 | $2.29 |
| Feb 27, 2026 | Menelas N. Pangalos | director | +75,095 | $2.74 |
| Feb 2, 2026 | Zachariah Jonasson | officer: CFO / CBO | −17,496 | $2.99 |
Peers
- Recursion Pharmaceuticals
Closest AI-native drug discovery platform peer, scaled by the Exscientia merger.
- AbCellera Biologics
Direct antibody-discovery platform peer with a large pharma partnership book.
- Relay Therapeutics
AI-native drug design platform, mostly small molecules.
- Codexis
ML-driven protein and enzyme engineering for pharma biomanufacturing.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Absci | $8.75 | +0.34% | $1.48B | — | — | 945.2 | −49.4% |
| Recursion Pharmaceuticals | $3.35 | +0.60% | $1.75B | — | — | 31.9 | −61.8% |
| AbCellera Biologics | $11.37 | +0.24% | $3.47B | — | — | 52.4 | −76.3% |
| Relay Therapeutics | $19.10 | +1.82% | $4.11B | — | — | 397.4 | −48.3% |
| Codexis | $1.61 | +1.90% | $171.0M | — | — | 2.2 | −2.7% |
| Median | — | — | 42.2 | −55.0% |






