ABCL Chart
About

AbCellera Biologics Inc. engages in discovering and developing antibody-based medicines for indications with unmet medical need in the United States. Its lead product is ABCL635, an non-hormonal medicine, which is in Phase 2 clinical trial to treat moderate-to-severe vasomotor symptoms; and ABCL575, a fully human, half-life extended monoclonal antibody, which is in in a Phase 1 clinical trial for treating T-cell-mediated autoimmune conditions, such as atopic dermatitis. The company has a research collaboration and license agreement with Eli Lilly and Company; AbbVie Inc.; and partnership agreement with Viking Global Investors & ArrowMark Partners and Biogen Inc. AbCellera Biologics Inc. was incorporated in 2012 and is headquartered in Vancouver, Canada.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 1.08B
Enterprise Value 691.67M Income -146.41M Sales 75.13M
Book/sh 3.22 Cash/sh 1.76 Dividend Yield
Payout 0.00% Employees 562 IPO
P/E Forward P/E -4.64 PEG
P/S 14.41 P/B 1.11 P/C
EV/EBITDA -3.55 EV/Sales 9.21 Quick Ratio 10.07
Current Ratio 11.32 Debt/Eq 14.81 LT Debt/Eq
EPS (ttm) -0.49 EPS next Y -0.77 EPS Growth
Revenue Growth 7.88% Earnings 2026-05-07 ROA -9.99%
ROE -14.47% ROIC Gross Margin -148.68%
Oper. Margin -63.72% Profit Margin -194.88% Shs Outstand 303.16M
Shs Float 207.89M Short Float 21.76% Short Ratio 10.59
Short Interest 52W High 6.51 52W Low 1.89
Beta 0.87 Avg Volume 4.25M Volume 2.15M
Target Price $9.17 Recom Strong_buy Prev Close $3.52
Price $3.57 Change 1.42%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$9.17
Mean price target
2. Current target
$3.57
Latest analyst target
3. DCF / Fair value
$-10.45
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.57
Low
$7.00
High
$12.00
Mean
$9.17

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-07 down Leerink Partners Outperform → Market Perform $4
2025-08-08 main Stifel Buy → Buy $7
2025-07-14 main Keybanc Overweight → Overweight $10
2025-05-16 main Truist Securities Buy → Buy $10
2025-05-09 main Stifel Buy → Buy $8
2025-04-16 main Keybanc Overweight → Overweight $5
2025-03-03 reit Benchmark Hold → Hold
2025-02-28 main Stifel Buy → Buy $10
2025-01-08 main Keybanc Overweight → Overweight $4
2024-11-05 reit Benchmark — → Hold
2024-11-05 reit Stifel Buy → Buy $12
2024-08-20 down Benchmark Buy → Hold
2024-07-11 main Keybanc Overweight → Overweight $5
2024-05-08 main Keybanc Overweight → Overweight $7
2024-02-22 up Benchmark Hold → Buy
2024-02-21 main Stifel Buy → Buy $17
2023-12-05 init Keybanc — → Overweight $6
2023-08-31 main Benchmark Buy → Buy $12
2023-08-04 main Goldman Sachs Buy → Buy $24
2023-05-05 main Credit Suisse — → Outperform $28
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 42600 145692 Purchase at price 3.42 per share. BOOTH ANDREW Chief Financial Officer 2026-02-27 00:00:00 D
1 38000 130720 Purchase at price 3.44 per share. THERMOPYLAE HOLDINGS, LTD. Beneficial Owner of more than 10% of a Class of Security 2026-02-27 00:00:00 D
2 177457 580284 Purchase at price 3.27 per share. THERMOPYLAE HOLDINGS, LTD. Beneficial Owner of more than 10% of a Class of Security 2026-02-26 00:00:00 D
3 225000 Stock Gift at price 0.00 per share. THERMOPYLAE HOLDINGS, LTD. Beneficial Owner of more than 10% of a Class of Security 2025-12-18 00:00:00 D
4 50000 178460 Purchase at price 3.57 per share. MONTALBANO JOHN S. Director 2025-11-26 00:00:00 D
5 343631 742243 Purchase at price 2.16 per share. THERMOPYLAE HOLDINGS, LTD. Beneficial Owner of more than 10% of a Class of Security 2025-03-11 00:00:00 D
6 25000 57500 Purchase at price 2.30 per share. MONTALBANO JOHN S. Director 2025-03-10 00:00:00 D
7 60000 140568 Purchase at price 2.34 per share. MONTALBANO JOHN S. Director 2025-03-06 00:00:00 D
8 286000 Stock Gift at price 0.00 per share. THERMOPYLAE HOLDINGS, LTD. Beneficial Owner of more than 10% of a Class of Security 2024-12-04 00:00:00 D
9 56125 151538 Conversion of Exercise of derivative security at price 2.70 per share. HANSEN CARL L.G. Chief Executive Officer 2024-11-25 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.180.190.160.34
NormalizedEBITDA-174.39M-204.15M-192.16M260.17M
TotalUnusualItems-855.00K
TotalUnusualItemsExcludingGoodwill-855.00K
NetIncomeFromContinuingOperationNetMinorityInterest-146.41M-162.86M-146.40M158.52M
ReconciledDepreciation28.82M97.00M30.89M33.10M
ReconciledCostOfRevenue0.000.0061.18M42.72M
EBITDA-174.39M-204.15M-192.16M260.17M
EBIT-203.21M-301.15M-223.05M227.06M
NetInterestIncome28.33M38.47M42.25M16.08M
InterestExpense4.04M5.22M
InterestIncome28.33M38.47M42.25M16.08M
NormalizedIncome-146.41M-162.86M-146.40M158.52M
NetIncomeFromContinuingAndDiscontinuedOperation-146.41M-162.86M-146.40M158.52M
TotalExpenses278.34M329.98M261.08M258.36M
TotalOperatingIncomeAsReported-217.10M-314.77M-237.21M216.51M
DilutedAverageShares298.71M294.33M289.17M314.83M
BasicAverageShares298.71M294.33M289.17M285.06M
DilutedEPS-0.49-0.55-0.510.50
BasicEPS-0.49-0.55-0.510.56
DilutedNIAvailtoComStockholders-146.41M-162.86M-146.40M158.52M
NetIncomeCommonStockholders-146.41M-162.86M-146.40M158.52M
OtherunderPreferredStockDividend0.000.00
NetIncome-146.41M-162.86M-146.40M158.52M
NetIncomeIncludingNoncontrollingInterests-146.41M-162.86M-146.40M158.52M
NetIncomeContinuousOperations-146.41M-162.86M-146.40M158.52M
TaxProvision-31.18M-37.54M-27.63M80.58M
PretaxIncome-177.59M-200.40M-174.03M239.10M
OtherIncomeExpense-2.71M62.28M6.78M-4.04M
OtherNonOperatingIncomeExpenses-2.71M62.28M6.78M-4.04M
GainOnSaleOfSecurity-855.00K
NetNonOperatingInterestIncomeExpense28.33M38.47M42.25M16.08M
InterestExpenseNonOperating4.04M5.22M
InterestIncomeNonOperating28.33M38.47M42.25M16.08M
OperatingIncome-203.21M-301.15M-223.05M227.06M
OperatingExpense278.34M329.98M261.08M191.92M
OtherOperatingExpenses-13.89M-13.62M-14.15M-10.55M
DepreciationAmortizationDepletionIncomeStatement22.17M90.85M24.39M27.84M
DepreciationAndAmortizationInIncomeStatement22.17M90.85M24.39M27.84M
DepreciationIncomeStatement27.84M14.45M
ResearchAndDevelopment186.83M167.26M175.66M107.88M
SellingGeneralAndAdministration83.23M85.49M75.18M66.75M
SellingAndMarketingExpense12.78M14.18M11.27M6.91M
GeneralAndAdministrativeExpense72.71M61.00M55.48M41.85M
OtherGandA72.71M61.00M55.48M41.85M
GrossProfit28.83M38.02M418.99M329.69M
CostOfRevenue0.000.0066.44M45.52M
TotalRevenue75.13M28.83M38.02M485.42M
OperatingRevenue75.13M28.83M38.02M485.42M
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber300.60M295.76M290.82M286.85M
ShareIssued300.60M295.76M290.82M286.85M
TotalDebt143.22M65.36M77.38M82.26M
TangibleBookValue880.72M966.16M984.09M1.05B
InvestedCapital966.90M1.06B1.15B1.23B
WorkingCapital663.92M674.76M752.97M907.17M
NetTangibleAssets880.72M966.16M984.09M1.05B
CapitalLeaseObligations143.22M65.36M77.38M82.26M
CommonStockEquity966.90M1.06B1.15B1.23B
TotalCapitalization966.90M1.06B1.15B1.23B
TotalEquityGrossMinorityInterest966.90M1.06B1.15B1.23B
StockholdersEquity966.90M1.06B1.15B1.23B
GainsLossesNotAffectingRetainedEarnings-4.23M-4.38M-1.72M-1.39M
OtherEquityAdjustments-4.23M-4.38M-1.72M-1.39M
RetainedEarnings-29.48M116.93M279.79M426.19M
AdditionalPaidInCapital198.28M166.36M121.05M74.12M
CapitalStock802.34M777.17M753.20M734.37M
CommonStock802.34M777.17M753.20M734.37M
TotalLiabilitiesNetMinorityInterest390.05M304.47M335.78M307.63M
TotalNonCurrentLiabilitiesNetMinorityInterest325.74M227.86M216.76M189.31M
OtherNonCurrentLiabilities4.77M1.47M5.91M3.09M
TradeandOtherPayablesNonCurrent0.004.91M16.05M35.89M
NonCurrentDeferredLiabilities183.57M165.65M134.72M93.50M
NonCurrentDeferredRevenue174.45M155.59M104.11M60.32M
NonCurrentDeferredTaxesLiabilities9.12M10.05M30.61M33.18M
LongTermDebtAndCapitalLeaseObligation137.40M60.74M71.22M76.67M
LongTermCapitalLeaseObligation137.40M60.74M71.22M76.67M
CurrentLiabilities64.31M76.61M119.01M118.32M
OtherCurrentLiabilities4.93M
CurrentDeferredLiabilities22.51M21.18M26.07M27.90M
CurrentDeferredRevenue22.51M21.18M26.07M27.90M
CurrentDebtAndCapitalLeaseObligation5.82M4.62M6.16M5.58M
CurrentCapitalLeaseObligation5.82M4.62M6.16M5.58M
PayablesAndAccruedExpenses35.98M50.81M86.78M84.84M
CurrentAccruedExpenses10.76M8.38M7.71M6.45M
Payables25.23M42.44M79.08M78.39M
OtherPayable8.09M50.48M63.56M45.44M
TotalTaxPayable0.0035.68M
IncomeTaxPayable0.0035.68M
AccountsPayable25.23M34.35M28.60M14.83M
TotalAssets1.36B1.36B1.49B1.54B
TotalNonCurrentAssets628.72M609.18M616.11M515.42M
OtherNonCurrentAssets51.95M96.54M94.24M46.33M
NonCurrentPrepaidAssets16.47M
NonCurrentDeferredAssets7.41M
NonCurrentDeferredTaxesAssets7.41M
InvestmentsAndAdvances62.58M82.30M65.94M72.52M
OtherInvestments6.76M
LongTermEquityInvestment62.58M82.30M65.94M72.52M
GoodwillAndOtherIntangibleAssets86.19M89.92M168.23M179.31M
OtherIntangibleAssets38.38M42.11M120.42M131.50M
Goodwill47.81M47.81M47.81M47.81M
NetPPE428.00M340.43M287.70M217.25M
AccumulatedDepreciation-57.61M-39.72M-30.61M-18.48M
GrossPPE485.62M380.15M318.30M235.73M
Leases122.89M73.94M40.57M22.75M
OtherProperties239.05M150.94M147.01M122.09M
MachineryFurnitureEquipment3.52M8.30M7.84M
BuildingsAndImprovements193.16M52.91M43.95M11.36M
LandAndImprovements53.41M53.41M53.41M53.41M
Properties0.000.000.000.00
CurrentAssets728.23M751.37M871.99M1.03B
OtherCurrentAssets9.67M8.63M22.02M9.06M
RestrictedCash25.00M25.00M25.00M25.00M
PrepaidAssets9.06M5.29M
Inventory6.34M0.001.11M1.53M
RawMaterials6.34M0.001.11M1.53M
Receivables153.40M92.13M64.38M103.41M
TaxesReceivable55.70M26.53M33.79M64.82M
LoansReceivable39.41M31.98M0.00
AccountsReceivable58.29M33.62M30.59M38.59M
CashCashEquivalentsAndShortTermInvestments533.83M625.61M760.59M886.49M
OtherShortTermInvestments405.31M469.29M627.26M499.95M
CashAndCashEquivalents128.51M156.32M133.32M386.54M
CashEquivalents29.30M29.20M
CashFinancial99.30M127.10M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-174.07M-186.95M-121.38M204.70M
RepaymentOfDebt-323.00K-1.82M
IssuanceOfDebt11.59M2.75M5.49M
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-42.77M-78.40M-77.51M-72.66M
EndCashPosition155.25M183.62M160.61M414.65M
BeginningCashPosition183.62M160.61M414.65M501.14M
EffectOfExchangeRateChanges1.10M-2.62M589.00K-9.60M
ChangesInCash-29.46M25.62M-254.63M-76.89M
FinancingCashFlow14.08M12.77M10.36M-1.63M
CashFlowFromContinuingFinancingActivities14.08M12.77M10.36M-1.63M
NetOtherFinancingCharges14.08M12.77M10.36M-1.63M
ProceedsFromStockOptionExercised4.62M
NetPreferredStockIssuance0.000.00
PreferredStockIssuance0.000.00
NetCommonStockIssuance0.000.00
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt11.59M2.43M5.49M
NetShortTermDebtIssuance0.00
NetLongTermDebtIssuance11.59M2.43M5.49M
LongTermDebtPayments-323.00K-1.82M
LongTermDebtIssuance11.59M2.75M5.49M
InvestingCashFlow87.75M121.41M-221.11M-352.62M
CashFlowFromContinuingInvestingActivities87.75M121.41M-221.11M-352.62M
NetOtherInvestingChanges54.61M35.71M25.31M16.43M
DividendsReceivedCFI30.11M0.000.00
NetInvestmentPurchaseAndSale52.94M183.72M-155.22M-270.72M
SaleOfInvestment506.07M948.81M910.94M510.63M
PurchaseOfInvestment-453.14M-765.09M-1.07B-781.35M
NetBusinessPurchaseAndSale-7.14M-19.63M-13.69M-25.68M
PurchaseOfBusiness-7.14M-19.63M-13.69M-25.68M
NetIntangiblesPurchaseAndSale0.00-560.00K-2.00M0.00
PurchaseOfIntangibles0.00-560.00K-2.00M0.00
NetPPEPurchaseAndSale-42.77M-78.40M-76.95M-70.66M
PurchaseOfPPE-42.77M-78.40M-76.95M-70.66M
OperatingCashFlow-131.29M-108.56M-43.88M277.36M
CashFlowFromContinuingOperatingActivities-131.29M-108.56M-43.88M277.36M
ChangeInWorkingCapital-70.69M-25.84M13.22M29.82M
ChangeInOtherWorkingCapital-35.68M32.69M56.01M-73.16M
ChangeInOtherCurrentLiabilities-3.06M-778.00K
ChangeInOtherCurrentAssets17.15M5.95M8.98M-1.38M
ChangeInPayablesAndAccruedExpense3.46M10.63M-15.10M-2.09M
ChangeInAccruedExpense-3.16M-4.64M
ChangeInPayable-15.10M-87.54M-3.24M
ChangeInAccountPayable-15.10M1.07M-3.24M
ChangeInTaxPayable-88.61M-13.53M
ChangeInIncomeTaxPayable-88.61M-13.53M
ChangeInReceivables-55.62M-75.12M-36.66M106.46M
ChangesInAccountReceivables-55.62M-75.12M-45.93M-22.71M
OtherNonCashItems1.20M-84.44M-5.78M6.43M
StockBasedCompensation55.79M67.58M64.18M49.48M
DeferredTax1.96M-2.11M-2.02M
DeferredIncomeTax1.96M-2.11M-2.02M
DepreciationAmortizationDepletion28.82M97.00M30.89M33.10M
DepreciationAndAmortization28.82M97.00M30.89M33.10M
AmortizationCashFlow3.73M78.31M11.64M18.89M
AmortizationOfIntangibles3.73M78.31M11.64M18.89M
Depreciation25.09M18.69M19.26M14.21M
NetIncomeFromContinuingOperations-146.41M-162.86M-146.40M158.52M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for ABCL
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status