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About

CEL-SCI Corporation, a clinical-stage biotechnology company, engages in the research and development to treat cancer and other diseases by using the immune system in the United States. The company's lead immunotherapy is Multikine, which has completed Phase III clinical trials for the potential treatment of certain head and neck cancers. It is also developing Ligand Epitope Antigen Presentation System (LEAPS) technology, a patented T-cell modulation process that stimulates the human immune system to fight bacterial, viral, parasitic infections, autoimmune conditions, allergies, transplantation rejections, and cancer, as well as to potentially treat rheumatoid arthritis. In addition, the company's LEAP product candidates include CEL-2000; CEL-4000; and CEL-5000 that are in preclinical trials for potential rheumatoid arthritis therapeutic treatments. CEL-SCI Corporation has a strategic partnership with Saudi Arabian Pharma Company for Multikine in the treatment of head and neck cancer. The company was incorporated in 1983 and is headquartered in Vienna, Virginia.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 40.77M
Enterprise Value 39.63M Income -25.41M Sales —
Book/sh 1.99 Cash/sh 1.30 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E — Forward P/E -5.27 PEG —
P/S — P/B 2.44 P/C —
EV/EBITDA -1.74 EV/Sales — Quick Ratio 2.14
Current Ratio 2.26 Debt/Eq 58.81 LT Debt/Eq —
EPS (ttm) -6.27 EPS next Y -0.92 EPS Growth —
Revenue Growth — Earnings 2026-02-12 ROA -56.24%
ROE -176.32% ROIC — Gross Margin 0.00%
Oper. Margin 0.00% Profit Margin 0.00% Shs Outstand 8.41M
Shs Float 7.71M Short Float 6.26% Short Ratio 6.63
Short Interest — 52W High 20.40 52W Low 1.98
Beta 0.82 Avg Volume 69.39K Volume 4.34K
Target Price $42.50 Recom None Prev Close $4.90
Price $4.85 Change -1.04%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$42.50
Mean price target
2. Current target
$4.85
Latest analyst target
3. DCF / Fair value
$-17.53
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.85
Low
$25.00
High
$60.00
Mean
$42.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2023-07-12 reit EF Hutton Buy → Buy $10
2023-03-09 reit EF Hutton — → Buy $10
2022-12-29 main EF Hutton — → Buy $16
2022-04-07 init EF Hutton — → Buy $17
2020-01-13 init HC Wainwright & Co. — → Buy $18
2013-02-20 init Taglich Brothers — → Speculative Buy —
2013-02-13 init Chardan Capital — → Buy $1
2013-01-14 init Laidlaw & Co. — → Buy $1
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 38023 200001 — Purchase at price 5.26 per share. KERSTEN GEERT R Chief Executive Officer — 2026-01-22 00:00:00 D
1 998 5249 — Stock Award(Grant) at price 5.26 per share. KERSTEN GEERT R Chief Executive Officer — 2025-12-31 00:00:00 D
2 815 4287 — Stock Award(Grant) at price 5.26 per share. PRICHEP PATRICIA B Chief Financial Officer — 2025-12-31 00:00:00 D
3 456 2399 — Stock Award(Grant) at price 5.26 per share. TALOR EYAL Officer — 2025-12-31 00:00:00 D
4 8389 49998 — Purchase at price 5.96 per share. KERSTEN GEERT R Chief Executive Officer — 2025-12-04 00:00:00 D
5 570 5244 — Stock Award(Grant) at price 9.20 per share. KERSTEN GEERT R Chief Executive Officer — 2025-09-30 00:00:00 D
6 466 4287 — Stock Award(Grant) at price 9.20 per share. PRICHEP PATRICIA B Chief Financial Officer — 2025-09-30 00:00:00 D
7 260 2392 — Stock Award(Grant) at price 9.20 per share. TALOR EYAL Officer — 2025-09-30 00:00:00 D
8 2919 19995 — Purchase at price 6.85 per share. WATSON ROBERT EUGENE Director — 2025-07-25 00:00:00 D
9 29197 199999 — Purchase at price 6.85 per share. KERSTEN GEERT R Chief Executive Officer — 2025-07-25 00:00:00 D
Financials
Line Item2025-09-302024-09-302023-09-302022-09-30
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-20.88M-22.21M-27.56M-32.16M
TotalUnusualItems366.79K990.52K
TotalUnusualItemsExcludingGoodwill366.79K990.52K
NetIncomeFromContinuingOperationNetMinorityInterest-25.41M-26.92M-32.19M-36.70M
ReconciledDepreciation3.89M3.97M3.96M3.83M
EBITDA-20.88M-22.21M-27.56M-31.79M
EBIT-24.76M-26.17M-31.52M-35.62M
NetInterestIncome-648.94K-745.67K-675.42K-1.08M
InterestExpense648.94K745.67K675.42K1.08M
NormalizedIncome-25.41M-26.92M-32.19M-37.07M
NetIncomeFromContinuingAndDiscontinuedOperation-25.41M-26.92M-32.19M-36.70M
TotalExpenses24.81M26.35M31.48M36.06M
TotalOperatingIncomeAsReported-24.81M-26.35M-31.48M-36.06M
DilutedAverageShares4.06M1.80M1.48M1.44M
BasicAverageShares4.06M1.80M1.48M1.44M
DilutedEPS-6.27-15.31-21.90-26.10
BasicEPS-6.27-15.31-21.90-26.10
DilutedNIAvailtoComStockholders-25.41M-27.58M-32.37M-37.63M
AverageDilutionEarnings0.00-1.09M
NetIncomeCommonStockholders-25.41M-27.58M-32.37M-37.63M
OtherunderPreferredStockDividend0.00659.46K171.55K929.12K
NetIncome-25.41M-26.92M-32.19M-36.70M
NetIncomeIncludingNoncontrollingInterests-25.41M-26.92M-32.19M-36.70M
NetIncomeContinuousOperations-25.41M-26.92M-32.19M-36.70M
PretaxIncome-25.41M-26.92M-32.19M-36.70M
OtherIncomeExpense47.62K177.68K-42.81K443.15K
OtherNonOperatingIncomeExpenses47.62K177.68K-42.81K76.36K
GainOnSaleOfSecurity366.79K990.52K
NetNonOperatingInterestIncomeExpense-648.94K-745.67K-675.42K-1.08M
InterestExpenseNonOperating648.94K745.67K675.42K1.08M
OperatingIncome-24.81M-26.35M-31.48M-36.06M
OperatingExpense24.81M26.35M31.48M36.06M
ResearchAndDevelopment15.89M18.16M22.47M25.36M
SellingGeneralAndAdministration8.92M8.19M9.00M10.71M
GeneralAndAdministrativeExpense8.92M8.19M9.00M10.71M
OtherGandA8.92M8.19M9.00M10.71M
TotalRevenue0.000.000.000.00
OperatingRevenue0.000.000.000.00
Line Item2025-09-302024-09-302023-09-302022-09-30
OrdinarySharesNumber8.02M2.13M1.58M1.45M
ShareIssued8.02M2.13M1.58M1.45M
TotalDebt9.38M11.62M13.57M15.30M
TangibleBookValue15.84M12.70M13.02M31.95M
InvestedCapital15.96M12.87M13.21M32.16M
WorkingCapital6.47M1.44M1.33M20.77M
NetTangibleAssets15.84M12.70M13.02M31.95M
CapitalLeaseObligations9.38M11.62M13.57M15.30M
CommonStockEquity15.96M12.87M13.21M32.16M
TotalCapitalization15.96M12.87M13.21M32.16M
TotalEquityGrossMinorityInterest15.96M12.87M13.21M32.16M
StockholdersEquity15.96M12.87M13.21M32.16M
RetainedEarnings-539.42M-514.01M-487.09M-454.90M
AdditionalPaidInCapital555.30M526.86M499.83M486.63M
CapitalStock80.16K21.27K474.22K434.48K
CommonStock80.16K21.27K474.22K434.48K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest12.20M14.12M17.31M18.36M
TotalNonCurrentLiabilitiesNetMinorityInterest7.07M9.51M11.73M13.70M
OtherNonCurrentLiabilities125.00K125.00K125.00K125.00K
DerivativeProductLiabilities0.00
LongTermDebtAndCapitalLeaseObligation6.94M9.38M11.60M13.57M
LongTermCapitalLeaseObligation6.94M9.38M11.60M13.57M
CurrentLiabilities5.13M4.62M5.59M4.66M
OtherCurrentLiabilities437.38K
CurrentDebtAndCapitalLeaseObligation2.44M2.24M1.97M1.73M
CurrentCapitalLeaseObligation2.44M2.24M1.97M1.73M
PayablesAndAccruedExpenses2.69M2.38M3.62M2.93M
CurrentAccruedExpenses711.82K566.04K1.05M842.49K
Payables1.98M1.81M2.57M2.09M
OtherPayable916.59K363.31K557.24K471.49K
AccountsPayable1.06M1.45M2.01M1.62M
TotalAssets28.16M26.99M30.53M50.52M
TotalNonCurrentAssets16.56M20.94M23.61M25.09M
OtherNonCurrentAssets1.22M1.48M74.67K164.30K
NonCurrentPrepaidAssets2.32M2.32M2.32M0.00
GoodwillAndOtherIntangibleAssets119.86K165.49K197.70K212.20K
OtherIntangibleAssets119.86K165.49K197.70K212.20K
NetPPE12.90M16.98M21.02M24.71M
AccumulatedDepreciation-12.06M-10.07M-7.94M-5.85M
GrossPPE24.96M27.04M28.96M30.56M
Leases13.92M13.92M13.92M13.54M
OtherProperties10.93M13.01M14.94M16.92M
MachineryFurnitureEquipment104.59K104.59K99.30K99.30K
Properties0.000.000.000.00
CurrentAssets11.60M6.06M6.92M25.44M
PrepaidAssets339.39K297.60K524.61K762.06K
Inventory303.28K1.02M2.25M2.00M
RawMaterials303.28K1.02M2.25M2.00M
Receivables0.0054.92K
AccountsReceivable0.0054.92K
CashCashEquivalentsAndShortTermInvestments10.95M4.74M4.15M22.67M
OtherShortTermInvestments0.006.15M
CashAndCashEquivalents10.95M4.74M4.15M22.67M
Line Item2025-09-302024-09-302023-09-302022-09-30
FreeCashFlow-17.16M-18.92M-23.22M-18.90M
RepaymentOfDebt-2.36M-2.22M-1.56M-1.39M
IssuanceOfDebt350.00K450.00K0.00786.45K
IssuanceOfCapitalStock28.51M23.66M6.55M0.00
CapitalExpenditure-38.11K-108.09K-372.26K-660.63K
InterestPaidSupplementalData768.47K923.81K1.06M1.16M
EndCashPosition10.95M4.74M4.15M22.67M
BeginningCashPosition4.74M4.15M22.67M36.06M
ChangesInCash6.22M592.44K-18.53M-13.39M
FinancingCashFlow23.37M19.51M4.69M-638.43K
CashFlowFromContinuingFinancingActivities23.37M19.51M4.69M-638.43K
NetOtherFinancingCharges-3.13M-2.37M-744.91K-169.44K
ProceedsFromStockOptionExercised0.00447.29K131.06K6.73M
NetCommonStockIssuance28.51M23.66M6.55M0.00
CommonStockIssuance28.51M23.66M6.55M0.00
NetIssuancePaymentsOfDebt-2.01M-1.77M-1.56M-600.04K
NetShortTermDebtIssuance0.000.000.00
ShortTermDebtPayments-350.00K-450.00K0.00
ShortTermDebtIssuance350.00K450.00K0.00
NetLongTermDebtIssuance-2.01M-1.77M-1.56M-600.04K
LongTermDebtPayments-2.01M-1.77M-1.56M-1.39M
LongTermDebtIssuance0.00786.45K1.61M
InvestingCashFlow-38.11K-108.09K-372.26K5.49M
CashFlowFromContinuingInvestingActivities-38.11K-108.09K-372.26K5.49M
NetInvestmentPurchaseAndSale0.006.15M-6.15M
SaleOfInvestment0.006.15M
PurchaseOfInvestment-6.15M
NetPPEPurchaseAndSale-38.11K-94.88K-361.89K-637.89K
PurchaseOfPPE-38.11K-94.88K-361.89K-637.89K
CapitalExpenditureReported0.00-13.21K-10.37K-22.74K
OperatingCashFlow-17.12M-18.81M-22.85M-18.24M
CashFlowFromContinuingOperatingActivities-17.12M-18.81M-22.85M-18.24M
ChangeInWorkingCapital1.16M-1.21M-1.78M2.48M
ChangeInOtherWorkingCapital-3.58K745.00-2.32M1.91M
ChangeInOtherCurrentLiabilities31.44K
ChangeInPayablesAndAccruedExpense231.30K-1.11M550.69K563.66K
ChangeInAccruedExpense120.73K-458.49K207.09K-16.72K
ChangeInPayable110.57K-654.51K343.60K580.38K
ChangeInAccountPayable-442.71K-460.58K257.85K374.89K
ChangeInPrepaidAssets-42.55K72.67K151.94K167.65K
ChangeInInventory973.66K-172.61K-156.73K-159.43K
ChangeInReceivables54.92K0.00
OtherNonCashItems345.07K4.87K15.29K109.39K
StockBasedCompensation2.88M5.35M7.15M12.38M
AssetImpairmentCharge18.27K0.000.0030.79K
DepreciationAmortizationDepletion3.89M3.97M3.96M3.83M
DepreciationAndAmortization3.89M3.97M3.96M3.83M
OperatingGainsLosses-367.41K713.62K
GainLossOnInvestmentSecurities-367.41K713.62K
NetIncomeFromContinuingOperations-25.41M-26.92M-32.19M-36.70M
SEC Filings

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

Public Trades for CVM
Date User Asset Broker Type Position Size Entry Price Patterns