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ABVX · NASDAQ · Biotechnology

Abivax (ADR) (ABVX)

Develops oral obefazimod for ulcerative colitis and Crohn's disease.

$98.30
After hours+0.03 (+0.03%)
At close$98.27(−5.01%)
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Abivax S.A.ABVX
Health Care

Develops obefazimod, an investigational oral small molecule for inflammatory diseases, initially for moderately to severely active ulcerative colitis. The clinical-stage business is concentrated in obefazimod, with ulcerative colitis and Crohn's disease clinical programs.

Develops obefazimod, an investigational once-daily oral small molecule for inflammatory diseases. Its first intended use is moderately to severely active ulcerative colitis.

The program is built around enhancing miR-124 expression in immune cells. ABTECT is the Phase 3 ulcerative-colitis program, while ENHANCE-CD is a Phase 2b Crohn's-disease trial.

Founded in Paris, the clinical-stage company operates across France and the United States through a dual Euronext Paris and Nasdaq listing.

Its concentrated model depends on clinical-data interpretation, regulatory decisions, continued funding, and license rights from CNRS, the University of Montpellier, and Institut Curie.

Company facts

CEOMarc de Garidel, MBA
ListedOct 20, 2023
ExchangeNASDAQ
HeadquartersParis, France
CountryFrance
Employees69
CIK0001956827
ISINUS00370M1036

Market cap$7.60B
EPS (ttm)−$4.23
P/E (ttm)−24.45
ROE-165.3%
P/B14.56
P/S
Dividend yieldDiv yield
Beta1.04vs XLV 0.67

Price target$156.50+58.9%Average of 13 analysts
ConsensusBuy12 of 13 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 22, 2026WedbushTarget
Target: $90
Target: $118
Sep 22, 2026Truist FinancialTarget
Target: $155
Target: $151
Sep 9, 2026Goldman SachsInitiate
Rating: Target:
Rating: BuyTarget: $155
Jul 24, 2026Morgan StanleyReiterate
Rating: Target: $132
Rating: OverweightTarget: $180
Jul 9, 2026Piper SandlerReiterate
Rating: Target: $142
Rating: OverweightTarget: $175

Next report
Dec 21, 26
estimated · in 90 days
EPS estimate
−$0.81
Revenue estimate
$893.0K
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25Jun '25Sep '25Dec '25Mar '26May '26Sep '26Dec '26
Reported−$1.68−$0.97−$0.86−$2.47−$1.19−$0.71−$1.71Pending
Estimate−$1.59−$0.76−$0.90−$0.79−$1.70−$1.07−$0.92−$0.81
Surprise−5.8%−28.3%+4.4%−214.3%+30.0%+33.6%−86.5%

RevenueReportedEstimate

Mar '25Jun '25Sep '25Dec '25Mar '26May '26Sep '26Dec '26
Reported$6.4M$1.2M$1.3M$2.4M$515.1K$1.5M$1.4MPending
Estimate$2.8M$3.3M$1.4M$1.3M$1.8M$401.1K$799.2K$893.0K
Surprise+125.0%−65.3%−4.1%+78.5%−71.4%+277.3%+72.4%
Estimate−$0.81
ReportedDue Dec 21, 2026
Estimate$893.0K
ReportedDue Dec 21, 2026
View details

Debt to equity10.10%
Current ratio786.30%

ProfitabilityRevenueNet incomeNet margin

Q2 FY22Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25
Revenue$2.6M$2.6M$2.6M$2.7M$0$0$0$0
Net income−$33.8M−$46.1M−$59.5M−$109.7M−$44.4M−$60.0M−$55.4M−$329.4M
Net margin0.0%0.0%0.0%0.0%

GrowthOperating income

Q2 FY22Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25
Operating income−$21.3M−$44.4M−$45.3M−$105.9M−$40.5M−$54.0M−$53.2M−$228.5M
YoY growthLoss narrowedLoss widenedLoss widenedLoss widenedLoss narrowedLoss narrowedLoss widenedLoss widened

Balance sheet, Dec 31, 2025Cash & short-term investments $607.1M · Total debt $52.5M · Total assets $746.7M · Shareholders' equity $521.0M

Revenue
$0
Operating income
−$228.5M
Net income
−$329.4M

Reported in EUR, converted at the latest exchange rate

View details

No dividends on record.

Institutions≈ 67.92%53.34M ADS
367 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders5.00%3.92M ADS
1 holder · as of Feb 13, 2026
Strategic holders8.22%6.46M ADS
1 holder · as of Nov 14, 2025
Other≈ 18.86%14.82M ADS
remainder

78.54M ADS as of Sep 22, 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
TCG Crossover GP I, LLCStrategic
8.22%6.46Mfiled Nov 14, 2025
TCG Crossover Management, LLCInstitution
7.65%6.01M ADSas of Jun 30, 2026
Invus Public Equities, L.P.Insider
5.00%3.92Mfiled Feb 13, 2026
Darwin Global Management, Ltd.Institution
4.61%3.62M ADSas of Jun 30, 2026
Helikon Investments LtdInstitution
3.55%2.79M ADSas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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