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TOVX · AMEX · Biotechnology

Theriva Biologics (TOVX)

Develops stroma-degrading oncolytic viruses for difficult-to-treat solid tumors.

$0.2350
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Theriva Biologics, Inc.TOVX
Health Care

Develops VCN-01 and related oncolytic viruses for solid tumors, using a Spain-based research organization and external clinical and manufacturing networks; no products are approved or sold.

Develops oncolytic adenoviruses for difficult-to-treat solid tumors, centered on VCN-01, a systemically administered virus designed to selectively replicate in tumor cells, degrade protective tumor stroma, and support co-administered therapies and an antitumor immune response. Its clinical work spans metastatic pancreatic cancer, retinoblastoma, and head-and-neck cancer, with preclinical VCN-X programs extending the platform.

Coordinates corporate functions from Maryland and oncology research and clinical development from Spain. Virus-process development occurs in Spain, while clinical and prospective commercial manufacturing, release testing, and much of clinical execution depend on external CDMOs, CROs, sites, investigators, licensors, and academic hospitals.

No products are approved or commercially sold; product revenue requires clinical progress, regulatory approval, manufacturing, and commercialization capability. The funded strategy is concentrated in VCN-01, while future work also depends on financing, partner support, licensed intellectual property, and United States and European regulatory processes.

Company facts

CEOSteven A. Shallcross
ListedOct 31, 2006
ExchangeAMEX
HeadquartersRockville, MD
CountryUnited States
Employees16
CIK0000894158
ISINUS87164U5083

Market cap$10.6M
EPS (ttm)−$0.6682
P/E (ttm)−0.3454
ROE-93.5%
P/B0.8691
P/S35.31
Dividend yieldDiv yield
Beta2.85vs XLV 0.18

No analyst consensus on record.

Next report
Nov 17, 26
in 55 days
EPS estimate
−$0.07
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$6.03−$1.55−$1.93−$0.45$1.85−$0.05−$0.07Pending
Estimate−$7.22−$4.19−$0.38−$0.38−$0.44−$0.05−$0.06−$0.07
Surprise+183.5%+63.0%−407.9%−18.4%+525.3%0.0%−27.3%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$154.0K$300.0KPending
Estimate$300.0K
Surprise0.0%
Estimate−$0.07
ReportedDue Nov 17, 2026
Estimate
ReportedDue Nov 17, 2026
View details

Debt to equity29.20%
Current ratio112.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$300.0K$0
Net income−$7.7M−$4.4M−$4.3M−$13.1M−$4.4M−$2.0M−$2.0M−$3.2M
Net margin0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$7.9M−$4.4M−$4.4M−$13.1M−$4.4M−$2.1M−$2.1M−$3.3M
YoY growthLoss narrowedLoss narrowedLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $11.3M · Total debt $3.6M · Total assets $34.9M · Shareholders' equity $12.2M

Revenue
$0
Operating income
−$3.3M
Net income
−$3.2M
View details

No dividends on record.

Institutions4.32%1.98M shares
24 holders · as of Jun 30, 2026
Other95.68%43.91M shares
remainder

45.89M 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
Vanguard Capital Management LLCInstitution
1.06%486,179as of Jun 30, 2026
Jane Street Group, LLCInstitution
0.72%331,922as of Jun 30, 2026
Geode Capital Management, LLCInstitution
0.64%294,021as of Jun 30, 2026
Vanguard Fiduciary Trust CoInstitution
0.53%241,780as of Jun 30, 2026
Ikarian Capital, LLCInstitution
0.24%112,076as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Oncolytics Biotech

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  • Candel Therapeutics

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  • Calidi Biotherapeutics

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  • Genelux

    Late-stage vaccinia platform competing for oncolytic-virus partners.

  • Replimune Group

    HSV-1 platform rival for oncolytic-immunotherapy capital and partners.

  • CG Oncology

    Bladder-focused adenovirus peer in the broader oncolytic-virus field.

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