AbCellera Biologics Inc. (ABCL) Stock Price & Analysis
AbCellera Biologics Inc. (ABCL) closed at USD 13.64 on Wednesday, October 28, 2026, up 6.31% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 12.83; the Oct 28, 2026 session ranged USD 12.65–13.65 on volume of 3,043,223 shares. Market capitalization is $4.42B, with a 52-week range of USD 2.75–15.02 (NMS). Source: Nexqual, retrieved October 28, 2026 at 23:05 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ABCL.md
Key facts (ABCL)
- Last four reported quarters (through Jun 30, 2026): revenue $66.2M, net income -$165M (-248.8% margin), free cash flow -$120M (SEC filings).
- Insider open-market purchases, last ~7 months: 5 Form 4 filings, $1.6M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.92 on a 1–5 scale) (12 analysts), mean target USD 16.82 (range 9–30).
- Total return with dividends: 1Y +142.7% vs S&P 500 +13.6%; 5Y -13.2% vs S&P 500 +79.8%.
- Next earnings: 2026-11-09, EPS estimate USD -0.18, revenue estimate $6.2M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ABCL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $375M | $485M | $38.0M | $28.8M | $75.1M | $66.2M |
| Operating income | $204M | $217M | -$237M | -$315M | -$217M | -$225M |
| Net income | $153M | $159M | -$146M | -$163M | -$146M | -$165M |
| EPS (diluted) | $0.48 | $0.50 | -$0.51 | -$0.55 | -$0.49 | — |
| Free cash flow | $186M | $207M | -$121M | -$187M | -$174M | -$120M |
| Operating margin | 54.5% | 44.6% | -623.8% | -1091.7% | -289.0% | -340.3% |
| Net margin | 40.9% | 32.7% | -385.0% | -564.8% | -194.9% | -248.8% |
| Revenue growth | +60.9% | +29.4% | -92.2% | -24.2% | +160.6% | — |
| Cash + short-term investments | $476M | $387M | $761M | $626M | $534M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ABCL)
P/S 66.8x · P/B 4.9x · FCF yield -2.71% · Earnings yield -3.73%
Insider purchases (SEC Form 4, open-market, last ~7 months) (ABCL)
5 purchases, $1.6M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-24 | Hayden Michael R | Director | 53,613 | $570K | 10.64 | Too little history (no open-market trades in 2024 or 2025) |
| 2026-08-18 | Montalbano John S. | Director | 10,000 | $110K | 11.03 | Too little history (no open-market trades in 2024) |
| 2026-08-14 | Booth Andrew | Chief Financial Officer | 37,200 | $384K | 10.32 | Too little history (no open-market trades in 2024 or 2025) |
| 2026-08-12 | Hayden Michael R | Director | 46,387 | $481K | 10.37 | Too little history (no open-market trades in 2024 or 2025) |
| 2026-05-14 | Montalbano John S. | Director | 20,000 | $95K | 4.77 | Too little history (no open-market trades in 2024) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (ABCL)
Consensus Buy (mean 1.92 on a 1–5 scale), 12 analysts; mean target USD 16.82 (low 9, high 30).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | UBS | Initiated | Buy | $18 |
| 2026-09-29 | JP Morgan | Initiated | Overweight | $17 |
| 2026-08-11 | Truist Securities | Target raised | Buy | $12 → $30 |
| 2026-08-06 | Stifel | Target raised | Buy | $8 → $9 |
| 2026-08-06 | Cantor Fitzgerald | Target raised | Overweight | $11 → $12 |
| 2026-07-07 | Benchmark | Upgrade | Hold → Buy | $11 |
Total return (dividends reinvested) (ABCL)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +142.7% | -13.2% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +143.4% | -2.8% |
| Volatility (annualized) | 83.4% | 69.6% |
| Max drawdown | -50.5% (Oct 2025→Feb 2026) | -87.5% (Nov 2021→May 2025) |
ABCL earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 5, 2026 | Quarter ended Jun 30, 2026 | −$0.18 | −$0.16 | Miss −12.5% | +7.2% |
| May 11, 2026 | Quarter ended Mar 31, 2026 | −$0.14 | −$0.20 | Beat +30.0% | -5.5% |
| Feb 24, 2026 | Quarter ended Dec 31, 2025 | −$0.03 | −$0.18 | Beat +83.3% | +5.3% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | −$0.19 | −$0.16 | Miss −18.8% | -16.6% |
| Aug 7, 2025 | — | — | — | — | +3.2% |
| May 8, 2025 | — | — | — | — | +1.0% |
| Feb 27, 2025 | — | — | — | — | -11.5% |
| Nov 4, 2024 | — | — | — | — | -0.4% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
ABCL recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Aug 13, 2026 | 8-K | Entered a material agreement; Other material event “On August 12, 2026, AbCellera Biologics Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Jefferies LLC and J.P. Morgan Securities LLC as the representatives of the several underwriters (the "Underwriters") relating to an underwritten public offering of (a) 17,435,897 shares (the "Shares") of the Company's common shares, no par value per share (the "Common Shares") at a price to the public of $9.75 per Share, and (b) in lieu of Shares to certain investors, pre-funded…” |
| Aug 10, 2026 | 8-K | Regulation FD disclosure |
| Aug 7, 2026 | 8-K | Other material event “On August 7, 2026, AbCellera Biologics Inc. (the "Company") issued a press release announcing it will release top-line data from its Phase 2 trial evaluating ABCL635 for the treatment of moderate-to-severe vasomotor symptoms (VMS) due to menopause on Monday, August 10, 2026 and hold an investor conference call at 4:30 a.m. Pacific Time (7:30 a.m. Eastern Time) the same day.” |
| Aug 5, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 5, 2026 | 8-K | Quarterly results; Regulation FD disclosure |
| Jul 29, 2026 | 8-K | Other material event “On July 29, 2026, AbCellera Biologics Inc. (the "Company") issued a press release announcing a collaboration with Vertex Pharmaceuticals Incorporated to research, develop, manufacture, and commercialize multispecific T-cell engagers (TCEs) for autoimmune diseases and other conditions. The Company will leverage its proprietary TCE platform to lead discovery and early development activities. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein…” |
| Jul 6, 2026 | 8-K | Director or executive officer change, or pay arrangement “Appointment of Director On June 30, 2026, the Board of Directors (the "Board") of AbCellera Biologics Inc. (the "Company") appointed Lynn Seely, M.D as a new Class III director. Dr. Seely will serve until the Company's 2029 annual meeting of shareholders and until her successor is duly elected and qualified, or until her earlier resignation or removal.. The Board has affirmatively determined that Dr. Seely is independent under the rules of The NASDAQ Stock Market LLC and the Company's Corporate Governance…” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
ABCL revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Research fees | $3.9M | 96.3% | -41.2% |
| Licensing and royalty revenue | $149,000 | 3.7% | -98.6% |
| Total revenue | $4.0M | 100% | — |
ABCL revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Canada | $64.0M | 85.2% | +144.3% |
| United States | $11.1M | 14.8% | +311.1% |
| Total revenue | $75.1M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ABCL suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | EQRx | “We discovered ABCL575 during our collaboration with EQRx Inc. ("EQRx") as part of a co-development program that began in 2021.” |
| Partner | Eli Lilly (LLY) | “Between 2020 and 2025, we negotiated an increased mean royalty rate of 4.2% across our programs with downstream participation signed in the period and our agreement to partner our COVID-19 antibody asset to Eli Lilly and Company.” |
| Partner | Dualogics | “As part of our agreement to purchase certain assets from Dualogics related to its OrthoMab bispecific antibody platform, we were assigned Dualogics' interests and rights to that certain Exclusive License Agreement between Dualogics and the University of North Carolina at Chapel Hill, effective February 22, 2019, or the UNC Agreement.” |
| Partner | Trianni | “Our revenue primarily consists of research fees, milestone payments and royalty revenue, which are generated through our performance of antibody discovery research for our partners, and licensing revenue, which we generated from our Trianni humanized rodent platform.” |
Quoted from the company's 10-K filed Feb 24, 2026.
Companies that name ABCL in their SEC reports
| Relationship to ABCL | Company | Filing | Sentence |
|---|---|---|---|
| partner | Rallybio Corp (RLYB) | 10-K Mar 16, 2026 | “This multi-year, multi-target collaboration combined AbCellera Biologics Inc.'s ("AbCellera's") antibody discovery engine with our clinical and commercial expertise in rare diseases to identify optimal clinical candidates with a goal of delivering therapies to patients.” |
| partner | Prelude Therapeutics Inc (PRLD) | 10-K Mar 10, 2026 | “We are working with our partner AbCellera Biologics, Inc. ("AbCellera") on an early-stage discovery program involving potent degraders as payloads for novel antibodies targeting tumor specific antigens.” |
ABCL company outlook (results filed Aug 5, 2026)
- “AbCellera is eligible to receive up to $792 million per program in option fees and development, regulatory, and commercial sales milestone payments along with tiered royalties on net sales ranging from mid-single digits to low double digits. ● Completed dosing for the Phase 1 study of ABCL575, with top-line data readout expected in Q4 2026. ● Announced the appointments of Dr.”
Quoted word-for-word from the SEC 8-K results press release.
ABCL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.18 | $-0.17 | $0.00 | $6.2M | 6 |
| Next quarter (ends Dec 2026) | $-0.17 | $-0.18 | +$0.01 | $7.0M | 6 |
| Current fiscal year (ends Dec 2026) | $-0.67 | $-0.63 | −$0.05 | $26.4M | 8 |
| Next fiscal year (ends Dec 2027) | $-0.76 | $-0.70 | −$0.06 | $28.2M | 7 |
ABCL options: expected move
Options price a move of about ±18.7% (±$2.50) by Nov 20, 2026, which includes earnings on Nov 9, 2026. Over the last 8 reports the stock moved ±6.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 23 | 94.0% | ±18.7% |
| Dec 18, 2026 | 51 | 92.0% | ±27.0% |
| Jan 15, 2027 | 79 | 77.7% | ±28.3% |
| Apr 16, 2027 | 170 | 91.2% | ±47.2% |
30-day implied volatility 91.8% vs 69.5% realized over the last 30 trading days. Put/call ratio (volume) 0.05. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 28, 2026 at 23:05 UTC)
| Price | USD 13.64 |
|---|---|
| Change | ▲ 6.31% (up) |
| Previous Close | USD 12.83 |
| Open | USD 12.67 |
| Day Range | USD 12.65 – 13.65 |
| 52-Week Range | USD 2.75 – 15.02 |
| Volume | 3,043,223 shares |
| Market Cap | $4.42B |
| Exchange | NMS |
Technical Analysis (ABCL)
Nexqual's technical model rates ABCL "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 28, 2026 at 23:05 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 62.95 (neutral) |
| vs SMA50 | Above (USD 12.25) |
| MACD | 0.08 (positive) |
Analyst Ratings (ABCL)
Wall Street analysts rate ABCL "Buy" based on 12 analysts, with a mean price target of USD 16.82 (range USD 9–30), per Nexqual as of October 28, 2026 at 23:05 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 12 |
| Mean Target | USD 16.82 |
| High Target | USD 30 |
| Low Target | USD 9 |
| Buy / Hold / Sell | 11 / 1 / 0 |
Earnings (ABCL)
| Next Earnings Date | 2026-11-09 |
|---|---|
| EPS Estimate | USD -0.18 |
| Revenue Estimate | $6.25M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.18 vs est -0.17 ▼ miss |
| 2026-03-31 | USD -0.14 vs est -0.2 ▲ beat |
| 2025-12-31 | USD -0.03 vs est -0.18 ▲ beat |
| 2025-09-30 | USD -0.19 vs est -0.16 ▼ miss |
Source: Nexqual, October 28, 2026 at 23:05 UTC.
Financials & Fundamentals (ABCL)
| Total Revenue | $66.17M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -76.30% |
| Gross Margin | -198.88% |
| Operating Margin | -1550.05% |
| Profit Margin | -248.84% |
| ROE | -17.30% |
| Debt / Equity | 0.15 |
| Current Ratio | 12.77 |
| Total Cash | $540.10M |
| Total Debt | $135.62M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$119.67M (-180.8% of revenue) |
Source: Nexqual, October 28, 2026 at 23:05 UTC.
Financial Health Score (ABCL)
Nexqual rates AbCellera Biologics Inc.'s overall financial health "Mixed" across five dimensions, as of October 28, 2026 at 23:05 UTC.
| Growth | Strong — Revenue +161% YoY (annual) |
|---|---|
| Profitability | Critical — Heavily loss-making — early-stage company |
| Balance Sheet | Strong — $540M cash vs $136M debt, net cash position |
| Cash Flow | Weak — FCF negative: -$120M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -18%, ROA -12.6% (last 4 quarters, SEC) |
Ownership (ABCL)
| Insider Ownership | +21.74% |
|---|---|
| Institutional Ownership | +36.60% |
| Shares Outstanding | 324.05M |
| Float | 209.04M |
| Short % of Float | +12.16% |
Source: Nexqual, October 28, 2026 at 23:05 UTC.
Leadership (ABCL)
AbCellera Biologics Inc. is led by Carl L.G. Hansen, CEO, President & Chairperson, per Nexqual as of October 28, 2026 at 23:05 UTC.
| CEO, President & Chairperson | Carl L.G. Hansen |
|---|---|
| Chief Financial Officer | Andrew Booth |
| CTO & Director | Veronique Lecault |
| Vice President of Operations | Andrew Knowles M.Sc. |
| Senior Director of Strategic Finance & IR | Martin Hogan M.Sc. |
Major Backers & Investors (ABCL)
Notable institutional backers of AbCellera Biologics Inc. include Baker Bros. Advisors, LP, Capital Group, SmallCap World Fund Inc, according to Nexqual as of October 28, 2026 at 23:05 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Baker Bros. Advisors, LP | 10.77% |
| Capital Group | 4.43% |
| SmallCap World Fund Inc | 4.31% |
| Two Sigma Investments, LP | 3.4% |
| TD Waterhouse Canada Inc. | 3.01% |
| Bank of America Corporation | 2% |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1.41% |
| ArrowMark Colorado Holdings LLC | 1.34% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 1.24% |
Source: Nexqual, October 28, 2026 at 23:05 UTC.
From AbCellera Biologics Inc.'s Latest SEC 10-K Filing (filed 2026-02-24)
Key Strengths & Strategy (as disclosed to the SEC)
- We anticipate initiating Phase 1/2 clinical trials for ABCL688 and ABCL386 in 2027. •Opened our clinical manufacturing facility, which completes a multi-year investment to build our integrated platform for creating antibody medicines.
- Our competitive advantage consists not of a single proprietary technology, but of the integration of proprietary know-how, specialized multidisciplinary teams, and the physical infrastructure necessary to advance programs from target to the clinic.
- We believe we have a competitive advantage in pursuing challenging, high-value targets, including: •GPCRs and Ion Channels: We have developed specialized capabilities to target complex transmembrane proteins.
- Since 2012, we have invested approximately $1 billion to build our platform.
Partnerships
- We discovered ABCL575 during our collaboration with EQRx Inc. ("EQRx") as part of a co-development program that began in 2021.
- In late 2023, with our platform near complete, we committed to transitioning from a partnership model to a clinical-stage biotechnology company developing our own pipeline of drug candidates.
Legal & Regulatory Risks (Item 1A, quoted)
- We may not be able to file applications or amendments to commence additional clinical trials on the timelines we expect, and even if we are able to file as expected, the regulatory body may not permit us to proceed.
- Any regulatory approvals that we receive for our drug candidates may be subject to limitations on the approved indicated uses for which the drug may be marketed or subject to certain conditions of approval, and may contain requirements for potentially costly post-approval trials, and surveillance to monitor the safety and efficacy of the marketed drug.
- We are subject to U.S. and certain foreign export and import controls, sanctions, embargoes, anti-corruption laws, and anti-money laundering laws and regulations. Compliance with these legal standards could impair our ability to compete in domestic and international markets. We can face criminal liability and other serious consequences for violations that can harm our business.
- Our commercial opportunity could be reduced or eliminated if our competitors develop and commercialize drugs that are safer, more effective, more convenient or less expensive than any drugs we develop. Our competitors also may obtain regulatory approval for their drugs more rapidly, which could result in our competitors establishing a strong market position before we are able to enter the market.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ORKA | Oruka Therapeutics, Inc. | USD 95.97 | ▲ 0.17% |
| LGND | Ligand Pharmaceuticals Incorpor | USD 318.78 | ▲ 2.26% |
| IOVA | Iovance Biotherapeutics, Inc. | USD 14.81 | ▲ 1.58% |
| IONS | Ionis Pharmaceuticals, Inc. | USD 44.9 | ▲ 2.14% |
| AXSM | Axsome Therapeutics, Inc. | USD 143.51 | ▲ 0.92% |
| ABVX | Abivax SA | USD 89.84 | ▲ 3.26% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 28, 2026 at 23:05 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt