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DARE · NASDAQ · Biotechnology

Daré Bioscience (DARE)

Develops women's-health products spanning contraception, sexual health, menopause and vaginal health.

$0.7430
At close−0.03 (−3.53%)
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Daré Bioscience, Inc.DAREHealth Care

Develops and commercializes women's-health products through direct sales, compounded prescriptions, partnerships and grant-funded development. Its portfolio spans marketed and clinical-stage products, while most therapeutic candidates remain dependent on trials, regulatory review and external commercialization.

Develops women's-health pharmaceuticals and delivery technologies across contraception, sexual health, vaginal health, menopause, fertility and infectious disease. The portfolio is assembled through licenses, acquisitions and collaborations, then advanced with external clinical and manufacturing providers.

XACIATO, a single-dose treatment for bacterial vaginosis, is FDA approved and commercialized by Organon. Flora Sync LF5 is sold directly through the DARE Health Hub, while DARE to PLAY Sildenafil Cream uses a cash-pay compounded-prescription model. Ovaprene, a hormone-free monthly intravaginal contraceptive candidate, remains in a pivotal trial.

Operates primarily in the United States, with an Australian subsidiary used for early clinical studies and certain worldwide rights under license. Progress depends on clinical and regulatory results, funding awards, outside service providers and commercial partners; Organon controls XACIATO marketing, distribution and sales.

Company facts

CEOSabrina Martucci Johnson
ListedJul 20, 2017
ExchangeNASDAQ
HeadquartersSan Diego, CA
CountryUnited States
Employees24
CIK0001401914
ISINUS23666P2002

Market cap$11.1M
EPS (ttm)−$0.7894
P/E (ttm)−0.9374
ROE-748.1%
P/B−19.67
P/S8.12
Dividend yieldDiv yield
Beta1.11vs XLV 0.73

Price target$12.00+1,521.6%Avg of 6 analysts
ConsensusBuy6 of 6 analysts
Ratings

Target rangeAs of Sep 2, 2026

Latest analyst notes

DateFirmActionPrior ratingRating
Sep 4, 2025Maxim GroupUpgradeHoldBuy

Next report
Nov 12, 2026
in 70 days
EPS estimate
−$0.14
Revenue estimate
$2.0M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.64−$0.50−$0.45−$0.28−$0.02−$0.20−$0.20Pending
Estimate−$0.66−$0.63−$0.55−$0.33−$0.24−$0.33−$0.30−$0.14
Surprise+3.0%+20.6%+18.2%+15.2%+91.7%+39.4%+32.6%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$63.6K$25.4K−$21.2K$2.3K$1.0M$152.5K$187.5KPending
Estimate$1.0M$600.0K$147.3K$765.0K$751.5K$27.0K$1.7K$2.0M
Surprise−106.4%−95.8%−114.4%−99.7%+36.2%+464.6%+11,150.5%
Estimate−$0.14
ReportedDue Nov 12, 2026
Estimate$2.0M
ReportedDue Nov 12, 2026
View details

Current ratio98.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$41.7K$25.4K−$21.2K$2.3K$1.0M$152.5K$187.5K
Net income−$4.7M−$5.5M−$4.4M−$4.0M−$3.6M−$1.4M−$3.0M−$3.0M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$4.7M−$5.4M−$4.6M−$3.8M−$3.7M−$1.5M−$3.0M−$3.0M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $12.6M · Total debt $6.8M · Total assets $22.4M · Shareholders' equity −$560.1K

Revenue
$187.5K
Operating income
−$3.0M
Net income
−$3.0M
View details

No dividends on record.

Institutions24 holders · as of Mar 31, 20266.70%1.02M shares
Insiders5 holders · as of Jul 2, 20261.09%167.4K shares
Otherremainder92.21%14.10M shares

15.29M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Vanguard Capital Management LLCInstitution
3.02%462,30513Fas of Mar 31, 2026
Geode Capital Management, LLCInstitution
1.16%177,83913Fas of Mar 31, 2026
US Bancorp \DE\Institution
0.60%91,37013Fas of Mar 31, 2026
Vanguard Fiduciary Trust CoInstitution
0.43%65,93813Fas of Mar 31, 2026
Robin Joan SteeleInsiderdirector
0.31%47,055Form 4filed Jul 2, 2026
See all 25

13F — a manager's quarterly holdings · Form 4 — an insider's transaction report

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • Organon

    Nexplanon and NuvaRing contest monthly and long-acting contraception.

  • CooperCompanies

    Paragard is a major hormone-free contraception alternative.

  • Pfizer

    Established systemic and vaginal menopause-therapy alternatives.

  • Perrigo

    OTC Opill provides a low-friction contraceptive alternative.

Compare

CompanyPriceChange
Daré Bioscience$0.7430−3.53%$11.1M8.1
Organon$13.76−0.15%$3.62B17.93.90.6−2.3%
CooperCompanies$70.21+0.67%$13.60B59.114.73.2+7.9%
Pfizer$28.99−0.15%$165.40B38.310.42.6+2.6%
Perrigo$14.05−2.97%$2.00B6.10.5−3.2%
Median38.38.21.6+0.2%