CRVS Chart
About

Corvus Pharmaceuticals, Inc., a clinical stage biopharmaceutical company, engages in the development of product candidates that precisely target proteins that are critical to immune cell maturation and function in the United States. The company's lead product candidate is soquelitinib (CPI-818), a selective covalent inhibitor of interleukin 2 inducible T cell kinase (ITK), which is in a multi-center Phase 1/1b clinical trial for the treatment of peripheral T cell atopic dermatitis, asthma, psoriasis, and fibrotic diseases. It also developing ciforadenant (CPI-444), an oral small molecule antagonist of the A2A receptor that is in Phase 2 clinical trial for the treatment of metastatic renal cell cancer; and mupadolimab (CPI-006), a humanized monoclonal antibody, which is in Phase 1b clinical trial for the treatment of non-small cell lung cancer. It has a license agreement with Monash University to research, develop, and commercialize certain antibodies directed to CXCR2 for the treatment of human diseases; and Vernalis (R&D) Limited to develop, manufacture, and commercialize products containing certain adenosine receptor antagonists, including ciforadenant, as well as strategic collaboration with Angel Pharmaceuticals Co. Ltd. for the development and commercialization of mupadolimab. Corvus Pharmaceuticals, Inc. was incorporated in 2014 and is based in South San Francisco, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 1.47B
Enterprise Value 1.23B Income -15.07M Sales —
Book/sh 0.96 Cash/sh 0.88 Dividend Yield —
Payout 0.00% Employees 31 IPO —
P/E — Forward P/E -29.15 PEG —
P/S — P/B 18.20 P/C —
EV/EBITDA -31.82 EV/Sales — Quick Ratio 8.18
Current Ratio 8.29 Debt/Eq 1.41 LT Debt/Eq —
EPS (ttm) -0.54 EPS next Y -0.60 EPS Growth —
Revenue Growth — Earnings 2026-03-04 ROA -34.87%
ROE -35.82% ROIC — Gross Margin 0.00%
Oper. Margin 0.00% Profit Margin 0.00% Shs Outstand 83.77M
Shs Float 58.43M Short Float 21.54% Short Ratio 2.06
Short Interest — 52W High 26.95 52W Low 2.54
Beta 0.75 Avg Volume 3.53M Volume 1.62M
Target Price $33.33 Recom Strong_buy Prev Close $18.66
Price $17.49 Change -6.27%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$33.33
Mean price target
2. Current target
$17.49
Latest analyst target
3. DCF / Fair value
$-12.49
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$17.49
Low
$20.00
High
$51.00
Mean
$33.33

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-22 main Jefferies Buy → Buy $42
2026-01-21 main Oppenheimer Outperform → Outperform $32
2026-01-21 main Barclays Overweight → Overweight $28
2026-01-20 main HC Wainwright & Co. Buy → Buy $27
2025-10-13 init Barclays — → Overweight $16
2025-05-20 main Mizuho Outperform → Outperform $11
2025-05-09 reit Oppenheimer Outperform → Outperform $17
2025-03-26 main Oppenheimer Outperform → Outperform $15
2025-03-26 reit HC Wainwright & Co. Buy → Buy $11
2025-01-14 reit HC Wainwright & Co. Buy → Buy $11
2025-01-02 init HC Wainwright & Co. — → Buy $11
2024-11-13 reit Oppenheimer Outperform → Outperform $14
2024-09-16 main Ladenburg Thalmann Buy → Buy $21
2024-05-07 main Oppenheimer Outperform → Outperform $8
2024-04-01 reit Cantor Fitzgerald — → Overweight —
2024-03-27 main Mizuho Neutral → Neutral $4
2024-03-20 main Oppenheimer Outperform → Outperform $7
2023-09-07 reit Cantor Fitzgerald Overweight → Overweight $4
2023-06-16 reit Mizuho Neutral → Neutral $4
2023-05-30 main Ladenburg Thalmann Buy → Buy $10
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1176332 4891894 — Sale at price 4.16 per share. ORBIMED ADVISORS, L.L.C. Beneficial Owner of more than 10% of a Class of Security — 2025-06-27 00:00:00 I
1 1397684 4891894 — Conversion of Exercise of derivative security at price 3.50 per share. ORBIMED ADVISORS, L.L.C. Beneficial Owner of more than 10% of a Class of Security — 2025-06-27 00:00:00 I
2 1176332 4891894 — Sale at price 4.16 per share. THOMPSON PETER A Director and Beneficial Owner of more than 10% of a Class of Security — 2025-06-27 00:00:00 I
3 1397684 4891894 — Conversion of Exercise of derivative security at price 3.50 per share. THOMPSON PETER A Director and Beneficial Owner of more than 10% of a Class of Security — 2025-06-27 00:00:00 I
4 19357 67750 — Conversion of Exercise of derivative security at price 3.50 per share. JONES WILLIAM BENTON Officer — 2025-06-04 00:00:00 D
5 559073 1956756 — Conversion of Exercise of derivative security at price 3.50 per share. MILLER RICHARD A Chief Executive Officer — 2025-05-07 00:00:00 D
6 302016 — — Stock Gift at price 0.00 per share. MILLER RICHARD A Chief Executive Officer — 2024-05-10 00:00:00 I
7 577634 1000000 — Purchase at price 1.73 per share. MILLER RICHARD A Chief Executive Officer — 2024-05-06 00:00:00 D
8 20000 34624 — Purchase at price 1.73 per share. JONES WILLIAM BENTON Officer — 2024-05-06 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA5.91M-23.26M-32.22M-38.17M
TotalUnusualItems-33.37M0.0022.00K0.00
TotalUnusualItemsExcludingGoodwill-33.37M0.0022.00K0.00
NetIncomeFromContinuingOperationNetMinorityInterest-62.29M-27.03M-41.31M-43.24M
ReconciledDepreciation85.00K151.00K367.00K460.00K
EBITDA-27.46M-23.26M-32.20M-38.17M
EBIT-27.55M-23.41M-32.56M-38.63M
NetInterestIncome1.82M1.58M654.00K-15.00K
InterestExpense15.00K
InterestIncome1.82M1.58M654.00K
NormalizedIncome-28.92M-27.03M-41.33M-43.24M
NetIncomeFromContinuingAndDiscontinuedOperation-62.29M-27.03M-41.31M-43.24M
TotalExpenses27.55M23.41M32.56M38.63M
TotalOperatingIncomeAsReported-27.55M-23.41M-32.56M-38.63M
DilutedAverageShares60.99M48.03M46.55M41.85M
BasicAverageShares60.99M48.03M46.55M41.85M
DilutedEPS-1.02-0.56-0.89-1.03
BasicEPS-1.02-0.56-0.89-1.03
DilutedNIAvailtoComStockholders-62.29M-27.03M-41.31M-43.24M
NetIncomeCommonStockholders-62.29M-27.03M-41.31M-43.24M
NetIncome-62.29M-27.03M-41.31M-43.24M
NetIncomeIncludingNoncontrollingInterests-62.29M-27.03M-41.31M-43.24M
NetIncomeContinuousOperations-62.29M-27.03M-41.31M-43.24M
PretaxIncome-62.29M-27.03M-41.31M-43.24M
OtherIncomeExpense-36.57M-5.21M-9.40M-4.60M
OtherNonOperatingIncomeExpenses78.00K587.00K235.00K
SpecialIncomeCharges5.00K0.0022.00K0.00
GainOnSaleOfPPE5.00K0.0022.00K0.00
EarningsFromEquityInterest-3.20M-5.28M-10.01M-4.83M
GainOnSaleOfSecurity-33.38M
NetNonOperatingInterestIncomeExpense1.82M1.58M654.00K-15.00K
TotalOtherFinanceCost-1.58M-654.00K15.00K
InterestExpenseNonOperating15.00K
InterestIncomeNonOperating1.82M1.58M654.00K
OperatingIncome-27.55M-23.41M-32.56M-38.63M
OperatingExpense27.55M23.41M32.56M38.63M
ResearchAndDevelopment19.39M16.53M24.47M29.11M
SellingGeneralAndAdministration8.16M6.88M8.10M9.52M
GeneralAndAdministrativeExpense8.16M6.88M8.10M9.52M
OtherGandA8.16M6.88M8.10M9.52M
TotalRevenue0.000.000.000.00
OperatingRevenue0.000.000.000.00
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber67.90M49.04M46.55M46.55M
ShareIssued67.90M49.04M46.55M46.55M
TotalDebt1.12M1.37M2.60M3.65M
TangibleBookValue32.57M38.68M56.12M97.16M
InvestedCapital32.57M38.68M56.12M97.16M
WorkingCapital19.00M21.09M32.91M61.62M
NetTangibleAssets32.57M38.68M56.12M97.16M
CapitalLeaseObligations1.12M1.37M2.60M3.65M
CommonStockEquity32.57M38.68M56.12M97.16M
TotalCapitalization32.57M38.68M56.12M97.16M
TotalEquityGrossMinorityInterest32.57M38.68M56.12M97.16M
StockholdersEquity32.57M38.68M56.12M97.16M
GainsLossesNotAffectingRetainedEarnings-1.29M-967.00K-563.00K1.87M
OtherEquityAdjustments-1.29M-967.00K-563.00K1.87M
RetainedEarnings-397.01M-334.72M-307.69M-266.38M
AdditionalPaidInCapital430.86M374.36M364.36M361.67M
CapitalStock7.00K5.00K5.00K5.00K
CommonStock7.00K5.00K5.00K5.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest36.34M6.87M12.12M12.29M
TotalNonCurrentLiabilitiesNetMinorityInterest937.00K0.001.37M2.60M
LongTermDebtAndCapitalLeaseObligation937.00K0.001.37M2.60M
LongTermCapitalLeaseObligation937.00K0.001.37M2.60M
CurrentLiabilities35.40M6.87M10.75M9.69M
OtherCurrentLiabilities29.20M245.00K158.00K121.00K
CurrentDebtAndCapitalLeaseObligation185.00K1.37M1.23M1.05M
CurrentCapitalLeaseObligation185.00K1.37M1.23M1.05M
PensionandOtherPostRetirementBenefitPlansCurrent820.00K684.00K1.11M1.85M
PayablesAndAccruedExpenses5.20M4.57M8.25M6.68M
CurrentAccruedExpenses2.62M3.04M6.28M5.11M
Payables2.58M1.52M1.98M1.56M
AccountsPayable2.58M1.52M1.98M1.56M
TotalAssets68.91M45.55M68.24M109.45M
TotalNonCurrentAssets14.50M17.60M24.58M38.14M
OtherNonCurrentAssets632.00K89.00K129.00K236.00K
InvestmentsAndAdvances12.54M16.12M21.88M34.27M
LongTermEquityInvestment12.54M16.12M21.88M34.27M
InvestmentsinAssociatesatCost12.54M16.12M21.88M34.27M
NetPPE1.33M1.39M2.57M3.64M
AccumulatedDepreciation-4.63M-4.70M-4.55M-4.25M
GrossPPE5.95M6.08M7.12M7.89M
Leases2.08M2.08M2.08M2.08M
OtherProperties3.70M3.83M4.89M5.67M
MachineryFurnitureEquipment171.00K171.00K142.00K142.00K
BuildingsAndImprovements3.19M
Properties0.000.000.000.00
CurrentAssets54.41M27.96M43.66M71.31M
OtherCurrentAssets548.00K220.00K102.00K128.00K
PrepaidAssets1.68M524.00K626.00K1.19M
Receivables216.00K63.00K633.00K539.00K
DuefromRelatedPartiesCurrent588.00K507.00K
AccruedInterestReceivable141.00K37.00K45.00K32.00K
AccountsReceivable75.00K26.00K588.00K507.00K
CashCashEquivalentsAndShortTermInvestments51.96M27.15M42.30M69.45M
OtherShortTermInvestments43.22M14.53M29.14M5.99M
CashAndCashEquivalents8.74M12.62M13.16M63.46M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-25.42M-23.97M-27.29M-36.72M
IssuanceOfCapitalStock16.41M7.84M0.0060.94M
CapitalExpenditure-34.00K-269.00K-5.00K
EndCashPosition8.74M12.62M13.16M63.46M
BeginningCashPosition12.62M13.16M63.46M16.45M
ChangesInCash-3.88M-539.00K-50.30M47.00M
FinancingCashFlow49.03M7.86M0.0062.16M
CashFlowFromContinuingFinancingActivities49.03M7.86M0.0062.16M
ProceedsFromStockOptionExercised32.62M12.00K0.001.22M
NetCommonStockIssuance16.41M7.84M0.0060.94M
CommonStockIssuance16.41M7.84M0.0060.94M
InvestingCashFlow-27.48M15.54M-23.28M21.56M
CashFlowFromContinuingInvestingActivities-27.48M15.54M-23.28M21.56M
NetInvestmentPurchaseAndSale-27.49M15.57M-23.03M21.57M
SaleOfInvestment42.63M62.62M43.16M30.92M
PurchaseOfInvestment-70.12M-47.05M-66.19M-9.36M
NetPPEPurchaseAndSale5.00K-34.00K-247.00K-5.00K
SaleOfPPE5.00K0.0022.00K0.00
PurchaseOfPPE0.00-34.00K-269.00K-5.00K
OperatingCashFlow-25.42M-23.93M-27.02M-36.72M
CashFlowFromContinuingOperatingActivities-25.42M-23.93M-27.02M-36.72M
ChangeInWorkingCapital-1.65M-3.59M1.41M-3.24M
ChangeInOtherCurrentLiabilities-252.00K-1.23M-1.05M1.34M
ChangeInOtherCurrentAssets-571.00K1.11M1.08M-1.36M
ChangeInPayablesAndAccruedExpense812.00K-4.03M878.00K-2.42M
ChangeInAccruedExpense-245.00K-3.58M467.00K-523.00K
ChangeInPayable1.06M-451.00K411.00K-1.90M
ChangeInAccountPayable1.06M-451.00K411.00K-1.90M
ChangeInPrepaidAssets-1.59M-8.00K581.00K-277.00K
ChangeInReceivables-49.00K562.00K-81.00K-507.00K
ChangesInAccountReceivables-49.00K562.00K-81.00K-507.00K
StockBasedCompensation3.00M2.15M2.69M4.23M
AmortizationOfSecurities-1.14M-894.00K-170.00K239.00K
DepreciationAmortizationDepletion85.00K151.00K367.00K460.00K
DepreciationAndAmortization85.00K151.00K367.00K460.00K
OperatingGainsLosses36.57M5.28M9.98M4.83M
EarningsLossesFromEquityInvestments3.20M5.28M10.01M4.83M
GainLossOnInvestmentSecurities33.38M
GainLossOnSaleOfPPE-5.00K0.00-22.00K0.00
GainLossOnSaleOfBusiness0.000.00
NetIncomeFromContinuingOperations-62.29M-27.03M-41.31M-43.24M
SEC Filings

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

Public Trades for CRVS
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