TIVC · NASDAQ · Medical - Specialties

Tivic Health Systems (TIVC)

Develops TLR5 immunotherapies and biomanufacturing services for radiation and oncology uses.

$0.2577
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Tivic Health Systems, Inc.TIVC
Health Care

Tivic Health Systems is a Nasdaq-listed healthcare company that shifted from consumer bioelectronic devices to clinical-stage immunotherapy. Its lead candidate is Entolimod, a TLR5 agonist for acute radiation syndrome, and its Velocity Bioworks subsidiary adds biomanufacturing and CDMO services.

Tivic Health Systems, Inc. is a clinical-stage biopharmaceutical company that trades on the Nasdaq Capital Market under TIVC. The company repositioned in 2025 from a consumer bioelectronic medical-device business into an immunotherapy-focused platform built around Toll-like Receptor 5 biology. Its lead program, Entolimod, is being developed for acute radiation syndrome and related radiation or oncology supportive-care uses; filings describe it as pre-BLA under the FDA Animal Rule and note Fast Track and Orphan Drug designations.

Tivic also holds rights to Entolasta, a next-generation TLR5 agonist. Its Velocity Bioworks subsidiary in San Antonio provides internal manufacturing support and offers CDMO services to external biotech customers. The company discontinued ClearUP operations and suspended non-core neuromodulation work, so execution now depends on clinical, regulatory, government funding, manufacturing, and CDMO customer progress.

Company facts

CEOMichael Kevin Handley
ListedNov 11, 2021
ExchangeNASDAQ
HeadquartersSan Antonio, TX
CountryUnited States
Employees52
CIK0001787740
ISINUS8887053085

Market cap$279.2K
EPS (ttm)−$7.20
P/E (ttm)−0.0358
ROE-165.4%
P/B0.0235
P/S
Dividend yieldDiv yield
Beta1.17vs XLV 0.05

No analyst consensus on record.

EPSReportedEstimate

May '24Aug '24Nov '24Mar '25May '25Aug '25Nov '25Mar '26
Reported−$17.18−$5.44−$3.91−$1.54−$2.52−$2.19−$1.97−$0.90
Estimate−$187.00−$136.00−$119.00−$1.19−$119.00−$102.00−$102.00
Surprise+90.8%+96.0%+96.7%−29.7%+97.9%+97.9%+98.1%

RevenueReportedEstimate

May '24Aug '24Nov '24Mar '25May '25Aug '25Nov '25Mar '26
Reported$376.0K$161.0K$282.0K$356.0K$334.0K$140.0K$126.0K−$302.0K
Estimate$520.0K$630.0K$780.0K$1.3M$1.1M$1.1M$1.3M
Surprise−27.7%−74.4%−63.8%−73.2%−68.8%−87.6%−90.0%
Estimate
Reported−$0.90
Estimate
Reported−$302.0K
View details

Debt to equity84.30%
Current ratio111.00%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$126.0K$180.0K$70.0K$86.0K$146.0K−$302.0K$0$0
Net income−$1.4M−$1.5M−$1.5M−$1.9M−$2.6M−$2.8M−$6.2M−$7.1M
Net margin0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$1.4M−$1.5M−$1.5M−$1.9M−$2.5M−$2.0M−$5.6M−$6.4M
YoY growthLoss narrowedLoss narrowedLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $2.1M · Total debt $10.0M · Total assets $32.5M · Shareholders' equity $11.9M

Revenue
$0
Operating income
−$6.4M
Net income
−$7.1M
View details

No dividends on record.

Institutions≥ 1.79%398.1K shares
13 holders · as of Jun 30, 2026
Insiders0.32%71.0K shares
5 holders · as of Apr 20, 2026
Other≤ 97.89%21.72M shares
remainder

22.19M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Two share counts disagree (22.19M in the company's Sep 22, 2026 report, 1.08M elsewhere); stakes use the report.

Institutional filings for VBIO (100% of the company) are not on file here, so the institutional figure is a floor.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Murchinson Ltd.Institution
0.52%115,000as of Jun 30, 2026
Citadel Advisors LLCInstitution
0.33%74,145as of Jun 30, 2026
Sanctuary Advisors, LLCInstitution
0.28%61,205as of Jun 30, 2026
Marex Group PLCInstitution
0.24%54,287as of Jun 30, 2026
Virtu Financial LLCInstitution
0.18%39,225as of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Apr 15, 2026Sheryle Boltondirector+10,000$1.04
Apr 1, 2026Christina Rizopoulos Valauridirector+19,000$0.9478
View details

Not reported.