ABCL · NASDAQ · Biotechnology

AbCellera Biologics (ABCL)

Discovers antibodies for partners and advances its own clinical candidates.

$12.41
vs last close−0.24 (−1.90%)
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AbCellera Biologics Inc.ABCL
Health Care

Builds antibody medicines through an integrated discovery platform and a growing internal pipeline. Its strategy emphasizes AbCellera-owned assets while selected partner programs remain active.

Combines technology, data science, infrastructure, and interdisciplinary teams to discover and develop antibody-based medicines. The platform historically supported partner programs, including antibodies discovered with Lilly for COVID-19, while the company now advances AbCellera-owned candidates. Its clinical pipeline spans endocrinology, women's health, immunology, and oncology, with ABCL635 and ABCL575 in clinical trials.

Founded in Vancouver, the workforce spans Canada, Australia, and the United States. Founder and CEO Carl Hansen has led the company since inception, and co-founder Véronique Lecault is chief technology officer. The operating model integrates antibody discovery with internal clinical development while selected partner-led programs remain active.

Company facts

CEOCarl L. G. Hansen
ListedDec 11, 2020
ExchangeNASDAQ
HeadquartersVancouver, BC
CountryCanada
Employees562
CIK0001703057
ISINCA00288U1066

Market cap$3.86B
EPS (ttm)−$0.5400
P/E (ttm)−23.43
ROE-17.5%
P/B4.31
P/S58.38
Dividend yieldDiv yield
Beta2.68vs XLV 1.18

Price target$9.00−28.9%Average of 12 analysts
ConsensusBuy11 of 12 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 11, 2026Truist FinancialTarget
Target: $29
Target: $30
Aug 6, 2026Stifel NicolausTarget
Target: $8
Target: $9
Jul 7, 2026BenchmarkUpgrade
Rating: Hold
Rating: Buy
May 12, 2026Stifel NicolausTarget
Target:
Target: $8
May 5, 2026Cantor FitzgeraldTarget
Target:
Target: $7

Next report
Nov 5, 26
in 43 days
EPS estimate
−$0.18
Revenue estimate
$5.3M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$0.11−$0.15−$0.12−$0.19−$0.03−$0.14−$0.18Pending
Estimate−$0.15−$0.17−$0.17−$0.17−$0.18−$0.22−$0.16−$0.18
Surprise+26.7%+11.8%+29.4%−11.8%+83.3%+36.4%−9.8%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$5.1M$4.2M$17.1M$9.0M$44.9M$8.3M$4.1MPending
Estimate$7.6M$7.3M$6.4M$6.3M$6.7M$5.4M$7.8M$5.3M
Surprise−33.4%−42.1%+168.6%+41.9%+572.9%+53.6%−48.4%
Estimate−$0.18
ReportedDue Nov 5, 2026
Estimate$5.3M
ReportedDue Nov 5, 2026
View details

Debt to equity15.10%
Current ratio1,277.00%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$6.5M$5.1M$4.2M$17.1M$9.0M$44.9M$8.3M$4.1M
Net income−$51.1M−$34.2M−$45.6M−$34.7M−$57.1M−$8.9M−$43.2M−$55.4M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$93.7M−$72.8M−$62.7M−$49.6M−$76.3M−$28.6M−$57.5M−$62.8M
YoY growthLoss widenedLoss widenedLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $540.1M · Total debt $135.6M · Total assets $1.31B · Shareholders' equity $896.0M

Revenue
$4.1M
Operating income
−$62.8M
Net income
−$55.4M
View details

No dividends on record.

Institutions≈ 37.66%115.46M shares
167 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders19.46%59.67M shares
5 holders · as of Aug 24, 2026
Strategic holders18.31%56.13M shares
1 holder · as of Mar 2, 2026
Other≈ 24.57%75.34M shares
remainder

306.61M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Carl L. G. Hansen1Insiderdirector, 10 percent owner, officer: Chief Executive Officer
18.50%61.83Mfiled Nov 26, 2024
Thermopylae Holdings Ltd.Strategic10 percent owner
18.31%56.13Mfiled Mar 2, 2026
Baker Bros. Advisors LPInstitution
10.77%33.01Mas of Jun 30, 2026
Capital World InvestorsInstitution
4.43%13.59Mas of Jun 30, 2026
Two Sigma Investments, LPInstitution
3.40%10.44Mas of Jun 30, 2026
  1. Carl L. G. Hansen's transaction reports restate only vehicles that traded; the 2021 ownership statement (61.83M) less the 5.10M net shares sold since is used instead.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 24, 2026Michael R. Haydendirector+53,613$10.64
Aug 18, 2026John S. Montalbanodirector+10,000$11.03
Aug 14, 2026Andrew Boothofficer: Chief Financial Officer+37,200$10.32
Aug 12, 2026Michael R. Haydendirector+46,387$10.37
May 14, 2026John S. Montalbanodirector+20,000$4.77
View details

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Compare

CompanyPriceChange
AbCellera Biologics$12.41−1.90%$3.86B58.4−76.3%
OmniAb$4.96+0.71%$713.3M18.6+244.2%
Absci$10.17−5.04%$1.81B1,162.3−49.4%
Genmab (ADR)$35.41+0.53%$21.62B27.827.05.2+24.9%
Twist Bioscience$163.76−0.51%$10.25B23.7+23.3%
Median27.827.021.1+24.1%