LEGN · NASDAQ · Biotechnology

Legend Biotech (ADR)

Commercializes CARVYKTI while developing next-generation CAR-T therapies.

$20.20
After-hours close+0.32 (+1.64%)
At close$19.88(−3.05%)
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Profile

Legend Biotech CorporationLEGNHealth Care

Commercializes CARVYKTI for multiple myeloma with Janssen and develops autologous, allogeneic, and in-vivo CAR-T programs. The business integrates cell-therapy discovery through commercialization and shares CARVYKTI economics with Janssen outside the PRC.

Commercializes CARVYKTI, a BCMA-directed autologous CAR-T therapy for multiple myeloma, with Janssen. The company integrates discovery, development, manufacturing, and commercialization; its operating footprint spans the United States, China, and Europe.

Its research portfolio covers investigational autologous, allogeneic, and in-vivo CAR-T approaches for blood cancers, solid tumors, and autoimmune diseases. LUCAR-G39D is an allogeneic candidate for B-cell non-Hodgkin lymphoma, while its in-vivo programs use the TaVec platform.

CARVYKTI is the commercial core, and its revenue, costs, and profits are shared equally with Janssen outside the PRC. Manufacturing capacity spans U.S., Chinese, and Belgian operations.

Company facts

CEOYing Huang
ListedJun 5, 2020
ExchangeNASDAQ
HeadquartersBridgewater, NJ
CountryUnited States
Employees3,100
CIK0001801198
ISINUS52490G1022

Key statistics

Market cap$3.68B
EPS (ttm)−$0.5100
P/E (ttm)−38.98
ROE-8.7%
P/B3.02
P/S2.89
Dividend yield
Beta0.44vs XLV 0.47

Year to date −7.6% · Average volume (30d) 2.5M

Analysts

Price target, next 12 months$59.00+196.8%Median of 20 analysts · vs the Aug 28 close
ConsensusBuy15 of 20 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Aug 12, 2026OppenheimerDowngradeOutperformPerform$75$40
Aug 12, 2026BarclaysReiterateOverweight$94$78
Jul 27, 2026Raymond JamesReiterateOutperform$58
Jul 27, 2026RBC CapitalReiterateOutperform$63$59
Jul 24, 2026UBSDowngradeBuyNeutral$49$28

Earnings

EPS

Estimate$0.02
ReportedDue Nov 11, 2026

Revenue

Estimate$361.4M
ReportedDue Nov 11, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 11, 2026Q2 FY26$0.12$0.09−25.0%$356.0M$387.5M+8.9%+5.66%
May 12, 2026Q1 FY26−$0.02−$0.15−650.0%$306.5M$305.1M−0.5%+1.45%
Mar 10, 2026Q4 FY25−$0.17−$0.08+52.9%$307.8M$306.3M−0.5%+3.63%
Nov 12, 2025Q3 FY25−$0.13−$0.11+15.4%$309.5M$272.3M−12.0%−0.55%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$195.1M$255.1M$272.3M$306.4M$305.1M$387.5M
Gross profit$123.7M$157.1M$157.0M$182.9M$129.2M$250.1M
Operating income−$50.6M−$21.9M−$43.5M−$20.6M−$49.8M$57.7M
Net income−$100.9M−$125.4M−$39.7M−$30.8M−$54.3M$33.2M
Diluted EPS−$0.55−$0.68−$0.22−$0.17−$0.30$0.18
Gross margin63.4%61.6%57.7%59.7%42.3%64.5%
Operating margin-26.0%-8.6%-16.0%-6.7%-16.3%14.9%

Fiscal years (4-quarter sums)FY21 $91.2M · FY22 $108.3M · FY23 $285.1M · FY24 $627.2M · FY25 $1.03B

Revenue by geography · FY25

United States$746.1M · 97%
China$26.6M · 3%

Balance sheet, Jun 30, 2026Cash & short-term investments $964.6M · Total debt $278.2M · Total assets $1.75B · Shareholders' equity $1.23B

Dividends

No dividends on record.

Ownership

Institutions 55.89%Insiders

Shares outstanding 184.94M · Float 178.18M · 96.4% free float

Insiders — filings are in the shares behind the receipt.

This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
FMR LLC29.09M15.73%13FAug 13, 2026
Deerfield Management Company, L.P. (Series C)8.14M4.40%13FAug 14, 2026
Suvretta Capital Management, LLC7.07M3.82%13FAug 14, 2026
HHLR Advisors, Ltd.5.98M3.24%13FAug 14, 2026
BlackRock, Inc.4.73M2.56%13FAug 7, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 30, 2026Patrick John Caseydirector−6,000$14.80
Jun 25, 2026Ying Huangdirector, officer: Chief Executive Officer−5,566$14.78
Mar 25, 2026Ying Huangdirector, officer: Chief Executive Officer−9,936$8.77
View details

Peers

  • Bristol-Myers Squibb

    BCMA CAR-T therapy for relapsed or refractory multiple myeloma

  • Pfizer

    BCMA bispecific antibody for relapsed or refractory multiple myeloma

  • GSK (ADR)

    Anti-BCMA regimen for relapsed or refractory multiple myeloma

  • Regeneron

    BCMA bispecific antibody for relapsed or refractory multiple myeloma

CompareAfter-hours close

CompanyPriceChange
Legend Biotech (ADR)$20.20+1.64%$3.68B42.62.9+51.4%
Bristol-Myers Squibb$66.60+0.05%$136.00B14.710.52.8+5.7%
Pfizer$27.95−0.04%$159.36B36.910.02.5+2.6%
GSK (ADR)$50.57−0.51%$101.82B15.89.22.2+2.7%
Regeneron$793.21−0.11%$81.82B19.613.15.3+16.7%
Median17.710.22.6+4.2%