CHRS · NASDAQ · Biotechnology

Coherus Oncology (CHRS)

Commercializes LOQTORZI while advancing mid-stage immuno-oncology antibodies.

$1.29
After hours−0.01 (−0.64%)
At close$1.30(−5.11%)
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Coherus Oncology, Inc.CHRS
Health Care

Commercializes LOQTORZI for nasopharyngeal carcinoma and advances two mid-stage immuno-oncology antibodies. The business now centers on U.S. oncology sales, specialty-wholesale distribution, and clinical combinations after exiting its biosimilar franchises.

Commercializes LOQTORZI, a PD-1 inhibitor developed with Junshi Biosciences, for recurrent or metastatic nasopharyngeal carcinoma. Operations are primarily U.S.-based, with sales moving through specialty wholesalers and Puerto Rico included in distribution.

Advances casdozokitug, an IL-27 antagonist, and tagmokitug, an anti-CCR8 antibody, as mid-stage immuno-oncology candidates across liver, colorectal, head and neck, gastric, esophageal, and prostate cancer settings. The Surface Oncology acquisition brought these antibody programs into the current pipeline.

Carries a founder-led operating model after the UDENYCA sale and the exit from UDENYCA, YUSIMRY, and CIMERLI biosimilars. The business depends on LOQTORZI uptake, access through McKesson, Cencora, and Cardinal Health, clinical readouts, and funding the oncology pipeline after the biosimilar divestitures.

Company facts

CEODennis M. Lanfear
ListedNov 6, 2014
ExchangeNASDAQ
HeadquartersRedwood City, CA
CountryUnited States
Employees147
CIK0001512762
ISINUS19249H1032

Market cap$211.7M
EPS (ttm)−$1.02
P/E (ttm)−1.34
ROE-181.7%
P/B3.48
P/S4.16
Dividend yieldDiv yield
Beta1.92vs XLV 0.19

Price target$6.00+361.5%Average of 17 analysts
ConsensusBuy14 of 17 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 4, 2025Maxim GroupUpgrade
Rating: Hold
Rating: Buy

Next report
Nov 5, 26
in 44 days
EPS estimate
−$0.21
Revenue estimate
$16.0M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.44−$0.35−$0.34−$0.33−$0.34−$0.25−$0.19Pending
Estimate−$0.10−$0.31−$0.31−$0.32−$0.36−$0.26−$0.25−$0.21
Surprise−340.0%−12.9%−9.7%−3.1%+4.2%+5.1%+24.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$54.1M$7.6M$10.3M$11.6M$12.7M$12.3M$14.3MPending
Estimate$44.1M$61.0M$12.0M$14.1M$13.9M$14.2M$14.4M$16.0M
Surprise+22.6%−87.5%−14.5%−17.9%−8.4%−13.4%−0.7%
Estimate−$0.21
ReportedDue Nov 5, 2026
Estimate$16.0M
ReportedDue Nov 5, 2026
View details

Debt to equity62.00%
Current ratio177.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$70.8M$54.1M$7.6M$10.3M$11.6M$12.7M$12.3M$14.3M
Net income−$10.8M−$50.7M−$56.6M−$41.3M−$35.1M−$37.3M−$37.9M−$20.6M
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−$6.4M−$42.2M−$45.4M−$45.5M−$42.2M−$45.9M−$36.2M−$32.3M
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss widenedLoss widenedLoss narrowedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $105.3M · Total debt $37.7M · Total assets $191.2M · Shareholders' equity $60.8M

Revenue
$14.3M
Operating income
−$32.3M
Net income
−$20.6M
View details

No dividends on record.

Institutions≈ 46.15%71.30M shares
152 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders0.95%1.47M shares
10 holders · as of Jun 9, 2026
Other≈ 52.90%81.73M shares
remainder

154.50M company shares 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
Timothy G. Youngquist 2020 Irrevocable TrustInstitution
8.45%13.05Mas of Jun 30, 2026
BlackRock, Inc.Institution
7.77%12.00Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
3.85%5.95Mas of Jun 30, 2026
Geode Capital Management, LLCInstitution
2.39%3.69Mas of Jun 30, 2026
Samsara Biocapital, LLCInstitution
2.22%3.43Mas of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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