CRVS · NASDAQ · Biotechnology

Corvus Pharmaceuticals (CRVS)

Develops immune-disease and cancer therapies centered on soquelitinib.

$12.60
vs last close−0.84 (−6.28%)
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Corvus Pharmaceuticals, Inc.CRVS
Health Care

Develops clinical-stage therapies for immune diseases and cancer, led by the oral ITK inhibitor soquelitinib. The pipeline also includes ciforadenant and mupadolimab, with Greater China rights held through Angel Pharmaceuticals and no product-sales revenue.

Develops clinical-stage therapies for immune diseases and cancer around immune-modulation biology. Soquelitinib is the lead program, an oral investigational ITK inhibitor being advanced in relapsed T-cell lymphomas and inflammatory diseases such as atopic dermatitis.

Ciforadenant targets adenosine A2A receptor signaling in the tumor microenvironment, while mupadolimab is an anti-CD73 antibody tied to adenosine production and B-cell binding. The portfolio remains investigational, with no approved products or product-sales revenue.

Based in South San Francisco, the company owns worldwide rights outside Greater China, where Angel Pharmaceuticals develops and commercializes the same core candidates. Its business depends on clinical-trial execution, regulatory approval, intellectual-property protection, and continued financing before commercial revenue can begin.

Company facts

CEORichard A. Miller, M.D.
ListedMar 23, 2016
ExchangeNASDAQ
HeadquartersSouth San Francisco, CA
CountryUnited States
Employees37
CIK0001626971
ISINUS2210151005

Market cap$1.13B
EPS (ttm)−$0.6400
P/E (ttm)−21.00
ROE-36.1%
P/B5.02
P/S
Dividend yieldDiv yield
Beta−0.42vs XLV 1.01

Price target$40.00+197.6%Average of 13 analysts
ConsensusBuy12 of 13 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Apr 17, 2026Goldman SachsTarget
Target:
Target: $40
Jan 29, 2026Mizuho SecuritiesTarget
Target: $20
Target: $30
Jan 22, 2026JefferiesReiterate
Rating: Target: $13
Rating: BuyTarget: $42
Jan 21, 2026OppenheimerReiterate
Rating: Target: $7
Rating: OutperformTarget: $32
Jan 20, 2026BarclaysTarget
Target: $16
Target: $28

Next report
Nov 3, 26
in 41 days
EPS estimate
−$0.21
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.18−$0.13−$0.10−$0.12−$0.15−$0.15−$0.19Pending
Estimate−$0.12−$0.13−$0.13−$0.14−$0.14−$0.14−$0.16−$0.21
Surprise−50.0%0.0%+23.1%+14.3%−7.1%−7.1%−19.4%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
ReportedPending
Estimate$775.0K
Surprise
Estimate−$0.21
ReportedDue Nov 3, 2026
Estimate
ReportedDue Nov 3, 2026
View details

Debt to equity0.30%
Current ratio1,616.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$40.2M−$12.1M$15.2M−$8.0M−$10.2M−$12.3M−$13.7M−$18.0M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$7.3M−$8.1M−$9.9M−$10.3M−$10.6M−$12.2M−$14.9M−$19.3M
YoY growthLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $215.2M · Total debt $728.0K · Total assets $239.3M · Shareholders' equity $225.3M

Revenue
$0
Operating income
−$19.3M
Net income
−$18.0M
View details

No dividends on record.

Institutions≈ 83.11%69.91M shares
188 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders7.91%6.66M shares
5 holders · as of Jun 15, 2026
Other≈ 8.98%7.55M shares
remainder

84.12M 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
Orbimed Advisors LLCInstitution
8.52%7.17Mas of Jun 30, 2026
BlackRock, Inc.Institution
8.49%7.14Mas of Jun 30, 2026
Sirenia Capital Management LPInstitution
8.12%6.83Mfiled May 15, 2026
Richard A. Md Miller1Insiderdirector, officer: President and CEO
7.24%6.09Mfiled May 20, 2026
State Street CorpInstitution
5.32%4.47Mas of Jun 30, 2026
  1. Richard A. Md Miller's transaction reports restate only vehicles that traded; the 2026 ownership statement (6.09M) plus the 6.9K net shares acquired since is used instead.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 11, 2026David Scott Mooredirector+21,700$11.53
May 18, 2026Richard A. Md Millerdirector, officer: President and CEO+6,932$12.04
View details

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