Bicara Therapeutics Inc. (BCAX) Stock Price & Analysis

Bicara Therapeutics Inc. (BCAX) closed at USD 9.76 on Wednesday, October 28, 2026, down 44.16% on the day. The US market is currently closed (after-hours); this is not a live price.

The prior close was USD 17.48; the Oct 28, 2026 session ranged USD 8.9–17.57 on volume of 15,376,724 shares. Market capitalization is $645.85M, with a 52-week range of USD 8.9–30.99 (NGM). Source: Nexqual, retrieved October 28, 2026 at 23:29 UTC.

Also available as compact Markdown for AI agents: nexqual.com/BCAX.md

Key facts (BCAX)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BCAX)

USDFY2023FY2024FY2025TTM
Operating income-$39.9M-$82.4M-$156M-$202M
Net income-$52.0M-$68.0M-$138M-$185M
EPS (diluted)-$89.61-$4.05-$2.52—
Free cash flow-$46.2M-$74.8M-$107M-$135M
Cash + short-term investments$230M$490M$415M—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (BCAX)

P/B 1.4x · FCF yield -20.94% · Earnings yield -28.70%

Analysts (BCAX)

Consensus Buy (mean 1.86 on a 1–5 scale), 14 analysts; mean target USD 35.67 (low 20, high 45).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-19BTIGReiteratedBuy$39
2026-08-19BMO CapitalInitiatedOutperform$35
2026-08-12Goldman SachsTarget raisedNeutral$18 → $20
2026-08-12WedbushTarget raisedOutperform$30 → $33
2026-08-12Morgan StanleyTarget raisedOverweight$37 → $39
2026-08-12MizuhoTarget raisedNeutral$18 → $20
2026-08-12Wells FargoTarget raisedEqual-Weight$16 → $23
2026-08-12BTIGTarget raisedBuy$28 → $39

Total return (dividends reinvested) (BCAX)

1Y (from 2025-10-29)5Y (from 2024-09-09)
Total return-38.5%-58.3%
S&P 500 (SPY)+13.6%+79.8%
Per year-38.6%-33.6%
Volatility (annualized)79.6%88.3%
Max drawdown-67.9% (Jul 2026→Oct 2026)-66.3% (Jun 2026→Oct 2026)

BCAX earnings history and stock reaction

Results filedQuarterEPSConsensusSurpriseStock reaction
Aug 11, 2026Quarter ended Jun 30, 2026−$0.82−$0.83Beat +1.2%-11.2%
May 11, 2026Quarter ended Mar 31, 2026−$0.93−$0.65Miss −43.1%-0.9%
Mar 30, 2026Quarter ended Dec 31, 2025−$0.68−$0.65Miss −4.6%+8.3%
Feb 26, 2026Quarter ended Dec 31, 2025−$0.68−$0.65Miss −4.6%-4.2%
Nov 10, 2025Quarter ended Sep 30, 2025−$0.67−$0.53Miss −26.4%+0.6%
Aug 12, 2025————+13.4%
May 13, 2025————-3.5%
Mar 27, 2025————+2.3%

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).

BCAX recent SEC filings (last 120 days)

FiledFormWhat it says
Oct 7, 2026Schedule 13G/AT. Rowe Price Investment Management, Inc.: 4.2% of shares, passive 5%+ holder (amended)
Aug 25, 20268-KEntered a material agreement
“On August 21, 2026, Bicara Therapeutics Inc. (the "Company") entered into a Sub-Sublease Agreement (the "Sublease") with Wayfair LLC, as sublandlord (the "Sublandlord"), pursuant to which the Company, as subtenant, will lease approximately 35,090 square feet of office space for new corporate headquarters to be located at 10 St. James Avenue, Boston, Massachusetts 02116. The Sublease term commences on the later of (i) October 1, 2026 and (ii) the date of full execution of a consent between the Company, the…”
Aug 13, 2026Schedule 13G/AJANUS HENDERSON GROUP Ltd.: 4.8% of shares, passive 5%+ holder (amended)
Aug 11, 202610-QQuarterly report · period ended Jun 30, 2026
Aug 11, 20268-KQuarterly results
Jul 28, 20268-KDirector or executive officer change, or pay arrangement; Regulation FD disclosure
“Resignation of Kiran Mazumdar-Shaw On July 23, 2026, Kiran Mazumdar-Shaw resigned from the Board of Directors (the "Board") of Bicara Therapeutics Inc. (the "Company") and her position on the Nominating and Corporate Governance Committee of the Board (the "Nominating and Corporate Governance Committee"), effective as of July 28, 2026. Ms. Mazumdar-Shaw's decision to resign from the Board was not the result of any disagreement with the Company on any matter relating to the operations, policies or practices of the…”
Jul 27, 2026Schedule 13GBlackRock, Inc.: 5.4% of shares, passive 5%+ holder

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.

BCAX suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
SupplierMSD International“On May 19, 2022, we entered into a Clinical Trial Collaboration and Supply Agreement, or the MSD Agreement, with MSD International GmbH, or MSDIG, and MSD International Business GmbH, MSDIB, and collectively with MSDIG, MSD.”
SupplierMSD International Business“On May 19, 2022, we entered into a Clinical Trial Collaboration and Supply Agreement, or the MSD Agreement, with MSD International GmbH, or MSDIG, and MSD International Business GmbH, MSDIB, and collectively with MSDIG, MSD.”
SupplierWuXi“Although we believe that there are several potential alternative manufacturers who could manufacture our product candidates, we primarily rely on WuXi Biologics (Hong Kong) Limited for the production of product necessary to complete our ongoing clinical trials.”
PartnerBiocon“On October 1, 2019, we entered into a Contract Transfer and License Agreement, or the Biocon Agreement, with Biocon Limited, or Biocon.”
PartnerLLC and BofA Securities“In February 2026, we entered into an underwriting agreement with Morgan Stanley & Co. LLC, TD Securities (USA) LLC and BofA Securities, Inc., as representatives of the underwriters named therein, pursuant to which we issued and sold an aggregate of 8,581,250 shares of our common stock at a price to the public of $16.00 per share, which included full exercise of the underwriters' option to purchase 1,406,250 additi…”
PartnerHuntington“Our corporate headquarters are currently located in Boston, Massachusetts, where we lease a total of 9,361 square feet at 116 Huntington Avenue pursuant to an Office Lease Agreement with Columbia REIT - 116 Huntington, LLC, dated August 16, 2023, as amended, or the Lease, for 9,361 square feet and a Sublease Agreement with J.W.”
CompetitorMerck (MRK)“We expect to compete with currently commercially available therapies for the treatment of HNSCC, including pembrolizumab (marketed as Keytruda by Merck & Co); the combination of pembrolizumab, platinum chemotherapy and 5-fluorouracil; and the combination of cetuximab (marketed as Erbitux by Eli Lilly & Company in the U.S. and by Merck KGaA outside of the U.S.), platinum chemotherapy and 5-fluorouracil.”
CompetitorEli Lilly (LLY)“We expect to compete with currently commercially available therapies for the treatment of HNSCC, including pembrolizumab (marketed as Keytruda by Merck & Co); the combination of pembrolizumab, platinum chemotherapy and 5-fluorouracil; and the combination of cetuximab (marketed as Erbitux by Eli Lilly & Company in the U.S. and by Merck KGaA outside of the U.S.), platinum chemotherapy and 5-fluorouracil.”

Quoted from the company's 10-K filed Mar 30, 2026.

BCAX company outlook (results filed Aug 11, 2026)

Quoted word-for-word from the SEC 8-K results press release.

BCAX analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$-0.82$-0.85+$0.03$012
Next quarter (ends Dec 2026)$-0.85$-0.89+$0.04$012
Current fiscal year (ends Dec 2026)$-3.39$-3.48+$0.09$012
Next fiscal year (ends Dec 2027)$-3.52$-3.63+$0.11$011

BCAX options: expected move

Options price a move of about ±41.6% (±$3.95) by Nov 20, 2026, which includes earnings on Nov 10, 2026. Over the last 8 reports the stock moved ±5.6% on average.

ExpirationDaysATM implied volatilityExpected move
Nov 20, 202623145.5%±41.6%
Dec 18, 202651154.7%±92.6%
Jan 15, 202779143.3%±212.6%
Mar 19, 2027142153.1%±178.9%
Apr 16, 2027170145.2%±178.4%

30-day implied volatility 99.4% vs 174.6% realized over the last 30 trading days. Put/call ratio (volume) 0.03. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 28, 2026 at 23:29 UTC)

PriceUSD 9.76
Change▼ 44.16% (down)
Previous CloseUSD 17.48
OpenUSD 17.37
Day RangeUSD 8.9 – 17.57
52-Week RangeUSD 8.9 – 30.99
Volume15,376,724 shares
Market Cap$645.85M
ExchangeNGM

Technical Analysis (BCAX)

Nexqual's technical model rates BCAX "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 28, 2026 at 23:29 UTC.

Overall SignalSELL
RSI (14)17.98 (oversold)
vs SMA50Below (USD 20.37)
MACD-1.47 (negative)

Analyst Ratings (BCAX)

Wall Street analysts rate BCAX "Buy" based on 14 analysts, with a mean price target of USD 35.67 (range USD 20–45), per Nexqual as of October 28, 2026 at 23:29 UTC.

Consensus RatingBuy
Analyst Count14
Mean TargetUSD 35.67
High TargetUSD 45
Low TargetUSD 20
Buy / Hold / Sell13 / 1 / 0

Earnings (BCAX)

Next Earnings Date2026-11-10
EPS EstimateUSD -0.82
Revenue Estimate$0

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD -0.82 vs est -0.83 ▲ beat
2026-03-31USD -0.93 vs est -0.65 ▼ miss
2025-12-31USD -0.68 vs est -0.65 ▼ miss
2025-09-30USD -0.67 vs est -0.53 ▼ miss

Source: Nexqual, October 28, 2026 at 23:29 UTC.

Financials & Fundamentals (BCAX)

Gross Margin+0.00%
Operating Margin+0.00%
Profit Margin+0.00%
ROE-41.01%
Debt / Equity0
Current Ratio11.59
Total Cash$497.26M
Total Debt$1.16M

Source: Nexqual, October 28, 2026 at 23:29 UTC.

Financial Health Score (BCAX)

Nexqual rates Bicara Therapeutics Inc.'s overall financial health "Mixed" across five dimensions, as of October 28, 2026 at 23:29 UTC.

GrowthMixed — No data
ProfitabilityWeak — Pre-revenue or very early stage
Balance SheetStrong — $497M cash vs $1M debt, net cash position
Cash FlowWeak — Operating cash flow -$107M (FY ended Dec 2025, 10-K)
EfficiencyCritical — ROE -40%, ROA -36.2% (last 4 quarters, SEC)

Ownership (BCAX)

Insider Ownership+10.07%
Institutional Ownership+102.47%
Shares Outstanding66.17M
Float36.90M
Short % of Float+21.68%

Source: Nexqual, October 28, 2026 at 23:29 UTC.

Leadership (BCAX)

Bicara Therapeutics Inc. is led by Claire Mazumdar Clemon, CEO & Director, per Nexqual as of October 28, 2026 at 23:29 UTC.

CEO & DirectorClaire Mazumdar Clemon
President, COO & DirectorRyan Cohlhepp Pharm.D.
CFO, Treasurer & Principal Accounting OfficerJennifer Larson
Vice President of Investor Relations and Corporate CommunicationsRachel Frank
Senior Vice President of Clinical & Medical AffairsJeltje Schulten

Major Backers & Investors (BCAX)

Notable institutional backers of Bicara Therapeutics Inc. include RA Capital Management, L.P., T. Rowe Price, Siren, L.L.C., according to Nexqual as of October 28, 2026 at 23:29 UTC.

Active Investors

InvestorStake
RA Capital Management, L.P.10.97%
T. Rowe Price9.58%
Siren, L.L.C.8.47%
Vestal Point Capital, LP7.93%
Deep Track Capital, Lp6.2%
Jupiter Topco LLC4.79%
TPG GP A, LLC4.55%
Red Tree Management, LLC 4.41%

Index Funds (Passive)

FundStake
BlackRock5.82%
Vanguard Group3.35%

Source: Nexqual, October 28, 2026 at 23:29 UTC.

From Bicara Therapeutics Inc.'s Latest SEC 10-K Filing (filed 2026-03-30)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 28, 2026 at 23:29 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