Coherus Oncology
Commercializes LOQTORZI while advancing mid-stage immuno-oncology antibodies.
Something off on this page? Send us feedback.
Profile
Commercializes LOQTORZI for nasopharyngeal carcinoma and advances two mid-stage immuno-oncology antibodies. The business now centers on U.S. oncology sales, specialty-wholesale distribution, and clinical combinations after exiting its biosimilar franchises.
Commercializes LOQTORZI, a PD-1 inhibitor developed with Junshi Biosciences, for recurrent or metastatic nasopharyngeal carcinoma. Operations are primarily U.S.-based, with sales moving through specialty wholesalers and Puerto Rico included in distribution.
Advances casdozokitug, an IL-27 antagonist, and tagmokitug, an anti-CCR8 antibody, as mid-stage immuno-oncology candidates across liver, colorectal, head and neck, gastric, esophageal, and prostate cancer settings. The Surface Oncology acquisition brought these antibody programs into the current pipeline.
Carries a founder-led operating model after the UDENYCA sale and the exit from UDENYCA, YUSIMRY, and CIMERLI biosimilars. The business depends on LOQTORZI uptake, access through McKesson, Cencora, and Cardinal Health, clinical readouts, and funding the oncology pipeline after the biosimilar divestitures.
Company facts
Key statistics
Year to date +2.9% · Average volume (30d) 1.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Sep 4, 2025 | Maxim Group | Upgrade | Hold | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.25 | −$0.19 | +24.0% | $14.4M | $14.3M | −0.7% | −13.10% |
| May 11, 2026Q1 FY26 | −$0.26 | −$0.25 | +5.1% | $14.2M | $12.3M | −13.4% | −12.31% |
| Mar 9, 2026Q4 FY25 | −$0.36 | −$0.34 | +4.2% | $13.9M | $12.7M | −8.4% | +1.04% |
| Nov 6, 2025Q3 FY25 | −$0.32 | −$0.33 | −3.1% | $14.1M | $11.6M | −17.9% | −10.07% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $7.6M | $10.3M | $11.6M | $12.7M | $12.3M | $14.3M | |
| Gross profit | $3.9M | $5.8M | $6.9M | $7.8M | $7.6M | $10.1M | |
| Operating income | −$45.4M | −$45.5M | −$42.2M | −$45.9M | −$36.2M | −$32.3M | |
| Net income | −$56.6M | −$41.3M | −$35.1M | −$37.3M | −$37.9M | −$20.6M | |
| Diluted EPS | −$0.49 | −$0.39 | −$0.30 | −$0.31 | −$0.28 | −$0.13 | |
| Gross margin | 51.3% | 57.0% | 59.5% | 61.2% | 61.9% | 70.4% | |
| Operating margin | -597.9% | -443.6% | -365.0% | -359.9% | -293.7% | -226.0% |
Fiscal years (4-quarter sums)FY21 $326.6M · FY22 $211.0M · FY23 $257.2M · FY24 $192.2M · FY25 $42.2M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $105.3M · Total debt $37.7M · Total assets $191.2M · Shareholders' equity $60.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 154.50M · Float 134.81M · 87.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Timothy G. Youngquist 2020 Irrevocable Trust | 13.05M | 8.45% | 13F | Aug 7, 2026 |
| Rubric Capital Management LP | 10.40M | 9.03% | 13G | Nov 13, 2024 |
| BlackRock, Inc. | 8.93M | 5.80% | 13G | Jul 27, 2026 |
| Vanguard Capital Management LLC | 5.95M | 3.85% | 13F | Aug 13, 2026 |
| Geode Capital Management, LLC | 3.69M | 2.39% | 13F | Aug 12, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Merck
Dominant KEYTRUDA franchise across PD-1 oncology
- Bristol-Myers Squibb
OPDIVO franchise plus anti-CCR8 pipeline overlap
- AstraZeneca (ADR)
IMFINZI/IMJUDO pressure in HCC and PD-L1 IO
- BeOne Medicines (ADR)
TEVIMBRA adds another global PD-1 oncology franchise
- Regeneron
LIBTAYO adds PD-1 pressure in solid tumors
- GSK (ADR)
JEMPERLI is an additional approved PD-1 rival
- Gilead Sciences
GS-1811 creates direct anti-CCR8 pipeline overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Coherus Oncology | $1.39 | −1.42% | $217.8M | — | — | 4.3 | +39.5% |
| Merck | $148.19 | −0.08% | $366.18B | 118.7 | 17.2 | 5.5 | +5.1% |
| Bristol-Myers Squibb | $66.60 | +0.05% | $136.00B | 14.7 | 10.5 | 2.8 | +5.7% |
| AstraZeneca (ADR) | $161.79 | −0.55% | $252.33B | 24.4 | 15.2 | 4.1 | +6.4% |
| BeOne Medicines (ADR) | $366.73 | −0.01% | $39.19B | 5.1 | 46.7 | 6.9 | +29.6% |
| Regeneron | $793.21 | −0.11% | $81.82B | 19.6 | 13.1 | 5.3 | +16.7% |
| GSK (ADR) | $50.57 | −0.51% | $101.82B | 15.8 | 9.2 | 2.2 | +2.7% |
| Gilead Sciences | $139.30 | −4.36% | $180.87B | — | 16.0 | 5.9 | +10.2% |
| Median | 17.7 | 15.2 | 5.3 | +6.4% |










