ARMP · AMEX · Biotechnology

Armata Pharmaceuticals (ARMP)

Develops bacteriophage cocktails for serious antibiotic-resistant bacterial infections.

$4.20
After hours−0.02 (−0.47%)
At close$4.22(−0.94%)
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Armata Pharmaceuticals, Inc.ARMP
Health Care

Develops pathogen-specific bacteriophage cocktails for hard-to-treat bacterial infections, with AP-SA02 and AP-PA02 as its main clinical programs. Research is funded through grants, awards, and capital while commercialization awaits clinical success, regulatory approval, and a partner or commercial buildout.

Develops fixed, pathogen-specific bacteriophage cocktails for antibiotic-resistant and difficult-to-treat bacterial infections. The pipeline centers on AP-SA02, an intravenous adjunct to antibiotics for complicated Staphylococcus aureus bacteremia, and AP-PA02, an inhaled candidate for chronic pulmonary Pseudomonas aeruginosa infections; AP-PA03 targets acute Pseudomonas pneumonia at the preclinical stage.

Combines phage discovery, host-range screening, cocktail design, process development, analytics, and cGMP manufacturing in Los Angeles. It has no approved products or commercial infrastructure, while clinical studies, manufacturing scale-up, and eventual commercialization depend on clinical evidence, regulatory approval, funding, and potential partners. Its core manufacturing operation is concentrated in Los Angeles.

Company facts

CEODeborah L. Birx, M.D.
ListedMay 10, 2019
ExchangeAMEX
HeadquartersLos Angeles, CA
CountryUnited States
Employees61
CIK0000921114
ISINUS04216R1023

Market cap$156.4M
EPS (ttm)−$7.59
P/E (ttm)−0.5613
ROE
P/B
P/S47.40
Dividend yieldDiv yield
Beta0.37vs XLV 1.29

Price target$15.00+256.3%Average of 4 analysts
ConsensusBuy4 of 4 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

No analyst notes in the last 24 months.

Next report
Nov 11, 26
in 50 days
EPS estimate
−$0.57
Revenue estimate
$450.0K
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.23−$0.20−$0.45−$0.74−$3.42−$3.16−$0.27Pending
Estimate−$0.35−$0.38−$0.39−$0.42−$0.19−$0.38−$0.45−$0.57
Surprise+34.3%+47.4%−15.4%−76.2%−1,700.0%−731.6%+39.3%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$1.2M$491.0K$2.2M$1.2M$1.1M$789.0K$2.5MPending
Estimate$1.6M$1.4M$1.4M$1.4M$740.0K$740.0K$400.0K$450.0K
Surprise−20.8%−64.4%+57.2%−16.0%+48.6%+6.6%+527.5%
Estimate−$0.57
ReportedDue Nov 11, 2026
Estimate$450.0K
ReportedDue Nov 11, 2026
View details

Current ratio10.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$3.0M$1.2M$491.0K$2.2M$0$0$789.0K$2.5M
Net income−$5.5M$2.6M−$6.5M−$16.3M−$26.7M−$124.3M−$115.3M$74.1M
Net margin0.0%210.5%0.0%0.0%0.0%2,953.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$9.8M−$10.5M−$8.2M−$6.8M−$7.8M−$13.8M−$8.8M−$10.3M
YoY growthLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $24.0M · Total debt $314.0M · Total assets $90.0M · Shareholders' equity −$231.2M

Revenue
$2.5M
Operating income
−$10.3M
Net income
$74.1M
View details

No dividends on record.

Institutions13.48%5.01M shares
54 holders · as of Jun 30, 2026
Other86.52%32.17M shares
remainder

37.18M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Madison Asset Management, LLCInstitution
5.67%2.11Mas of Jun 30, 2026
BlackRock, Inc.Institution
1.51%559,986as of Jun 30, 2026
Vanguard Capital Management LLCInstitution
1.31%487,968as of Jun 30, 2026
Millennium Management LLCInstitution
1.27%470,500as of Jun 30, 2026
Geode Capital Management, LLCInstitution
0.73%270,550as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Merck

    Marketed IV bacteremia antibiotic and standard-of-care option.

  • Gilead Sciences

    Marketed inhaled antibiotic incumbent in CF Pseudomonas.

CompareAfter hours

CompanyPriceChange
Armata Pharmaceuticals$4.20−0.47%$156.4M47.4+15.7%
Merck$150.94+0.02%$369.24B119.617.55.6+5.1%
Gilead Sciences$152.73+0.04%$186.93B16.86.1+10.2%
Median119.617.15.8+7.6%