LCTX · AMEX · Biotechnology

Lineage Cell Therapeutics (LCTX)

Develops off-the-shelf cell-replacement therapies for retinal, spinal-cord, hearing and corneal disease.

$1.01
vs last close−0.03 (−3.37%)
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Lineage Cell Therapeutics, Inc.LCTX
Health Care

Develops off-the-shelf allogeneic cell-replacement therapies from pluripotent stem cells, generating collaboration and license-related revenue while candidates remain investigational. Its shared AlloSCOPE platform supports retinal, spinal-cord, hearing and corneal programs, with OpRegen licensed to Roche/Genentech.

Develops off-the-shelf, allogeneic cell-replacement therapies from pluripotent stem cells, using its AlloSCOPE manufacturing platform to create differentiated cells for damaged tissues. Revenue comes principally from collaboration, licensing and research obligations rather than product sales, with no approved therapy or established sales infrastructure.

The portfolio spans OpRegen retinal-pigment-epithelium cells for geographic atrophy, OPC1 oligodendrocyte progenitor cells for spinal-cord injury, ReSonance for hearing loss, COR1 for corneal disease, and early manufacturing and photoreceptor programs. Roche/Genentech holds worldwide rights to OpRegen, while internal programs share development and manufacturing work.

All therapeutic candidates remain investigational. Manufacturing is centered at its Jerusalem subsidiary, so commercialization depends on clinical results, regulatory review, specialized delivery, scalable cell production, collaborators and a single manufacturing site.

Company facts

CEOBrian M. Culley
ListedMar 5, 1992
ExchangeAMEX
HeadquartersCarlsbad, CA
CountryUnited States
Employees77
CIK0000876343
ISINUS53566P1093

Market cap$259.3M
EPS (ttm)−$0.1361
P/E (ttm)−7.64
ROE-71.1%
P/B4.26
P/S19.82
Dividend yieldDiv yield
Beta1.34vs XLV 0.46

No analyst consensus on record.

Next report
Nov 5, 26
in 43 days
EPS estimate
−$0.03
Revenue estimate
$1.3M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.01−$0.02−$0.01−$0.13$0.00−$0.03−$0.03Pending
Estimate−$0.04−$0.02−$0.02−$0.02−$0.04−$0.02−$0.03−$0.03
Surprise+75.0%0.0%+50.0%−550.0%+109.2%−50.0%−5.9%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$2.9M$1.5M$2.8M$3.7M$6.6M$1.7M$1.1MPending
Estimate$1.6M$1.7M$1.5M$2.0M$2.0M$3.6M$1.8M$1.3M
Surprise+78.9%−12.9%+88.6%+87.8%+236.8%−52.1%−42.0%
Estimate−$0.03
ReportedDue Nov 5, 2026
Estimate$1.3M
ReportedDue Nov 5, 2026
View details

Debt to equity3.80%
Current ratio660.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$3.8M$2.9M$1.5M$2.8M$3.7M$6.6M$1.7M$1.1M
Net income−$3.0M−$3.3M−$4.1M−$30.5M−$29.8M$851.0K−$4.8M$1.5M
Net margin0.0%0.0%0.0%0.0%0.0%12.9%0.0%138.6%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$3.8M−$5.1M−$6.5M−$19.8M−$3.8M−$6.5M−$7.6M−$8.9M
YoY growthLoss narrowedLoss narrowedLoss widenedLoss narrowedLoss widenedLoss widenedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $50.8M · Total debt $2.3M · Total assets $106.2M · Shareholders' equity $60.9M

Revenue
$1.1M
Operating income
−$8.9M
Net income
$1.5M
View details

No dividends on record.

Institutions46.39%117.32M shares
136 holders · as of Jun 30, 2026
Insiders27.40%69.29M shares
2 holders · as of Nov 14, 2025
Other26.21%66.30M shares
remainder

252.91M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Neal C. BradsherInsider
22.87%57.85Mfiled Nov 14, 2025
Broadwood Capital IncInstitution
19.60%49.56Mas of Jun 30, 2026
BlackRock, Inc.Institution
5.21%13.19Mas of Jun 30, 2026
Chernett JoreyInsider
4.53%11.45Mfiled Sep 26, 2025
Vanguard Capital Management LLCInstitution
3.58%9.05Mas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Biogen

    SYFOVRE is the leading commercial treatment for geographic atrophy.

  • AbbVie

    C5 inhibition for geographic atrophy, plus retinal gene therapy.

  • Regeneron

    Phase 3 C5 therapy and a large retinal-specialist franchise.

  • NervGen Pharma

    Neuroreparative recovery therapy for spinal-cord injury.

  • Sana Biotechnology

    Hypoimmune iPSC islet-cell therapy and cell-engineering overlap.

Compare

CompanyPriceChange
Lineage Cell Therapeutics$1.01−3.37%$259.3M19.8−61.3%
Biogen$226.80+0.64%$33.30B39.917.13.3+3.4%
AbbVie$267.14+0.73%$468.77B74.817.67.3+10.2%
Regeneron$806.36+0.31%$82.82B19.913.35.3+16.7%
NervGen Pharma$2.06−0.30%$169.7M
Sana Biotechnology$3.18−4.65%$926.7M
Median39.917.15.3+10.2%