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APVO · NASDAQ · Biotechnology

Aptevo Therapeutics (APVO)

Developer of multispecific cancer immunotherapies and radiopharmaceutical oncology programs.

$2.28
Pre-market−0.34 (−12.98%)
At close$2.62(+11.97%)
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Aptevo Therapeutics Inc.APVOHealth Care

Develops multispecific immunotherapy candidates for blood and solid-tumor cancers and is expanding into radiopharmaceutical oncology with Niowave. Operates through program development and collaboration rather than documented commercial product sales, using the ADAPTIR and ADAPTIR-FLEX platforms.

Develops multispecific cancer immunotherapies through the ADAPTIR and ADAPTIR-FLEX protein-engineering platforms. The Seattle-based clinical-stage company uses bispecific and trispecific molecules designed to engage multiple biological targets across blood and solid-tumor malignancies. Mipletamig is the named clinical candidate, alongside additional preclinical assets.

Extends that platform into radiopharmaceutical oncology through a collaboration with Niowave, pairing tumor-targeting molecules with isotope manufacturing and supply capabilities. The portfolio contains development candidates rather than marketed medicines, making clinical results, regulatory progress, and partner execution central to its operating model. The radiopharmaceutical effort depends on Niowave's isotope infrastructure.

Company facts

CEOMarvin L. White
ListedJul 20, 2016
ExchangeNASDAQ
HeadquartersSeattle, WA
CountryUnited States
Employees33
CIK0001671584
ISINUS03835L7029

Market cap$5.7M
EPS (ttm)−$211.18
P/E (ttm)−0.0123
ROE-201.5%
P/B0.5149
P/S0.00
Dividend yieldDiv yield
Beta1.49vs XLV 0.03

No analyst consensus on record.

Next report
Nov 5, 2026
estimated · in 63 days
EPS estimate
−$3.72
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$82.37−$1,579.14−$151.08−$40.11$1,684.47−$6.41−$5.31Pending
Estimate−$7.75−$1,514.39−$0.45−$37.59−$8.09−$5.60−$6.02−$3.72
Surprise−962.8%−4.3%−33,473.3%−6.7%+20,921.6%−14.5%+11.8%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
ReportedPending
Estimate
Surprise
Estimate−$3.72
ReportedDue Nov 5, 2026
Estimate
ReportedDue Nov 5, 2026
View details

Debt to equity69.70%
Current ratio208.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$5.1M−$6.3M−$6.4M−$6.2M−$7.5M−$5.8M−$6.7M−$6.4M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$5.2M−$6.4M−$6.5M−$6.2M−$7.6M−$6.0M−$6.8M−$6.4M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $9.8M · Total debt $4.2M · Total assets $14.5M · Shareholders' equity $6.0M

Revenue
$0
Operating income
−$6.4M
Net income
−$6.4M
View details

No dividends on record.

Institutions9 holders · as of Mar 31, 20264.31%53.8K shares
Insiders10 holders · as of Aug 10, 20260.54%6.7K shares
Strategic holders2 holders · as of Jun 22, 202612.18%151.7K shares
Otherremainder82.97%1.03M shares

1.25M company shares as of Aug 22, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Two share counts disagree (1.80M in the company's Sep 3, 2026 report, 1.25M elsewhere); stakes use the report.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Niowave, Inc.1Strategic10 percent owner
12.18%151,72313Gfiled Jun 22, 2026
Gsa Capital Partners LLPInstitution
1.58%19,63813Fas of Mar 31, 2026
Geode Capital Management, LLCInstitution
1.07%13,33713Fas of Mar 31, 2026
Vanguard Capital Management LLCInstitution
1.02%12,71313Fas of Mar 31, 2026
Vanguard Fiduciary Trust CoInstitution
0.33%4,14213Fas of Mar 31, 2026
See all 25
  1. Niowave, Inc.'s transaction reports restate only vehicles that traded; the 2026 ownership statement (151.7K) is used instead.

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Nov 10, 2025Grady III Grantdirector+13,513$1.49
View details

  • Regeneron

    Blood-cancer CD3 bispecifics target the same immune-engager field.

  • Amgen

    BiTE therapies span the same blood and solid-tumor immune-engager field.

  • Genmab (ADR)

    CD3 bispecifics in B-cell cancers share the hematologic-oncology field.

  • Janux Therapeutics

    Solid-tumor T-cell engagers challenge the same clinical-development field.

  • Xencor

    Bispecific-antibody platforms overlap in oncology development and partnering.

  • Novartis (ADR)

    Targeted radioligand therapies overlap with the new oncology expansion.

ComparePre-market

CompanyPriceChange
Aptevo Therapeutics$2.28−12.98%$5.7M
Regeneron$850.48−0.18%$87.78B21.114.15.7+16.7%
Amgen$442.50−0.08%$239.00B27.518.96.3+9.7%
Genmab (ADR)$34.40+0.55%$21.01B27.026.62.1+24.9%
Janux Therapeutics$19.61−0.36%$1.20B37.7
Xencor$27.00+0.37%$1.99B19.0+17.5%
Novartis (ADR)$162.04−0.25%$308.79B24.517.35.6+0.9%
Median25.718.16.0+16.7%