Celcuity Inc.
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Range $110 – $178
Price Chart
About the company
Celcuity, Inc. operates as a cellular analysis company. The company discovers new cancer sub-types and commercializing diagnostic tests designed to improve the clinical outcomes of cancer patients treated with targeted therapies.
- CEO
- Brian F. Sullivan
- IPO
- 2017
- Employees
- 155
- HQ
- Minneapolis, MN, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $4.45B
- P/E
- -21.25
- Fwd P/E
- 33.50
- PEG
- 1.02
- P/S
- 0.00
- P/B
- -391.00
- EV/EBITDA
- -27.08
- Div Yield
- 0.00%
- Gross Margin
- 0.00%
- Op Margin
- 0.00%
- Net Margin
- 0.00%
- ROE
- -350.78%
- ROIC
- -28.14%
Latest fiscal year · YoY change
- Revenue
- $0+0.0%
- Gross Profit
- $-167,000+0.0%
- Op Income
- $-172,192,000
- Net Income
- $-177,042,000-58.4%
- EPS
- $-3.78-33.6%
- OCF Growth
- -83.6%
- FCF Growth
- -83.4%
- 52W High
- $151.02
- 52W Low
- $44.42
- 50D MA
- $93.81
- 200D MA
- $105.40
- Beta
- 0.16
- RSI (14)
- 48
- Avg Volume
- 1.52M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Celcuity said it is on track for a late-Q3 Revtopik launch, while highlighting strong VICTORIA-1 efficacy data and a cash runway into at least 2029.· August 13, 2026
- Revtopik was approved on July 14, and management said shipments are expected to begin late in Q3 2026.
- Celcuity reported positive VICTORIA-1 mutant-cohort data: median PFS of 11.1 months vs. 5.6 months for alpelisib plus fulvestrant in the triplet, and 11.3 months vs. 5.6 months in the doublet analysis.
- Treatment discontinuation due to adverse events was 5.2% and 3.8% for the gedatolisib triplet and doublet, versus 19% for alpelisib.
- The company ended Q2 with $754 million in cash, cash equivalents, and short-term investments after a June convertible note offering, and expects funds to last at least into 2029.
- Management is preparing an sNDA for the mutant cohort in Q3 2026 and expanded VICTORIA-2 first-line development, including endocrine-sensitive patients.
Celcuity did not give revenue for the quarter in the prepared remarks. Net loss was $78.9 million, or $1.44 per share, versus a net loss of $45.3 million, or $1.04 per share, in the prior-year period. Non-GAAP adjusted net loss was $58.7 million, or $1.07 per share, versus $40.5 million, or $0.93 per share a year ago. R&D expense was $31.1 million, down from $36.4 million, while SG&A was $35.0 million, up from $7.6 million. Cash, cash equivalents, and short-term investments were $754 million at 6/30/2026, up from $441.5 million at 12/31/2025, driven by gross proceeds of $575 million and net proceeds of $557.2 million from a June 2026 convertible note offering; the company also repaid $137 million of term debt. Net cash used in operating activities was $55.4 million versus $36.2 million in the prior-year period. Forward, management said Revtopik shipments should start late in Q3 2026, the mutant-cohort sNDA is planned for Q3 2026, and cash is expected to finance operations at least into 2029.
Brian Sullivan framed the quarter as a major inflection point, citing FDA approval of Revtopik, positive mutant-cohort data, and NCCN category 1 preferred recommendations as validation of gedatolisib’s potential in HR-positive/HER2-negative breast cancer. He emphasized that the company is positioned for both a second-line launch and broader first-line development, including VICTORIA-2 expansion into endocrine-sensitive disease. His tone was confident and upbeat, but he repeatedly stressed that launch timing still depends on the FDA review of the second manufacturing site.
Vicky Hahne highlighted the widening loss profile tied to commercialization buildout and capital structure changes. R&D fell to $31.1 million from $36.4 million mainly on lower VICTORIA-1 clinical trial costs, while SG&A jumped to $35.0 million from $7.6 million due largely to commercial hiring and pre-launch spending, with $23.4 million of the increase linked to launch-related activities. She said the company ended the quarter with $754 million in cash, cash equivalents, and short-term investments after raising $575 million gross in convertible debt, repaying $137 million of term debt, and using $110.5 million in operating cash, and she reiterated a runway through at least 2029.
Analysts focused first on the Revtopik launch and whether the company can begin shipping in late Q3 without delay, especially around FDA review of the second manufacturing site and whether inspection or additional sign-off is needed. Management said validation data were submitted almost immediately after approval, the review is underway, and they remain confident in late-Q3 shipping, while acknowledging that they cannot control the FDA’s exact process. Questions also centered on the expanded access program, gross-to-net expectations, launch metrics, and how quickly EAP patients will transition to commercial supply; management said gross-to-net should be about 80%, EAP-to-commercial transition will be site- and patient-specific but intended to be seamless, and launch tracking will rely mainly on vial shipments and survey data rather than prescription-level visibility.
The call reinforced that Celcuity now has an approved product, favorable label momentum, and supportive NCCN guidance for both the triplet and doublet in PIK3CA wild-type disease. Management also pointed to strong mutant-cohort efficacy and durability signals, plus a large commercial opportunity, with an estimated over $6 billion annual TAM based on their assumptions. The balance sheet is also much stronger, giving the company a long runway to fund launch and development.
Execution risk remains around the launch, especially the FDA review of the second manufacturing site and the possibility of any delay to late-Q3 shipments. The company is still burning significant cash and posted a larger quarterly loss and much higher SG&A as it builds the commercial organization. Analysts also pressed on the limited real-time launch visibility, the need for peer-reviewed publication before broader guideline or reimbursement changes in mutant disease, and uncertainty around how quickly expanded access patients will convert to commercial supply.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 61.3%
- Shares Outstanding
- 48.77M
- Float Shares
- 29.91M
of shares held by institutions
292 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for CELC, newest first.
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Baker Bros. Advisors LP | 7.92M | 0 |
| Avoro Capital Advisors LLC | 3.40M | ▲ 25.00K |
| Rtw Investments, LP | 3.30M | ▲ 265.28K |
| Perceptive Advisors LLC | 3.20M | ▲ 70.00K |
| Blackrock, Inc. | 3.02M | ▲ 307.25K |
| Vanguard Group Inc | 2.28M | ▲ 220.39K |
| State Street Corp | 1.96M | ▲ 436.60K |
| Vanguard Capital Management LLC | 1.87M | ▲ 91.24K |
| Nea Management Company, LLC | 1.71M | ▼ 575.00K |
| Soleus Capital Management, L.P. | 1.70M | ▲ 419.94K |
| Bank Of America Corp | 1.47M | ▲ 756.98K |
| Deerfield Management Company, L.P. (Series C) | 1.45M | ▼ 262.99K |
Held by 175 ETFs
Biggest fund positions in CELC by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 14, 26 | Laing Lance G. | other | 20,000 |
| Aug 14, 26 | Laing Lance G. | other | 10,000 |
| Aug 14, 26 | Sullivan Brian F. | other | 80,000 |
| Aug 14, 26 | Sullivan Brian F. | other | 120,000 |
| Aug 14, 26 | Hahne Vicky | other | 16,000 |
| Aug 14, 26 | Hahne Vicky | other | 10,000 |
| Jul 14, 26 | BAKER BROS. ADVISORS LP | sell | 2,838,632 |
| Jul 14, 26 | BAKER BROS. ADVISORS LP | sell | 261,368 |
| Jun 10, 26 | Murphy Polly A. | other | 14,048 |
| Jun 10, 26 | Murphy Polly A. | other | 14,048 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our CELC coverage
Recent articles, reports, and earnings notes.
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Generate CELC report →Celcuity: REVTORPYK Is Now A Commercial Story
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benzinga.com · Aug 14
Celcuity Inc. (CELC) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 13
Celcuity Q2 Earnings Call Highlights
marketbeat.com · Aug 13
Celcuity Inc. Reports Release of Second Quarter 2026 Financial Results and Provides Corporate Update
globenewswire.com · Aug 13
California State Teachers Retirement System Acquires 12,201 Shares of Celcuity, Inc. $CELC
defenseworld.net · Aug 10
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Celcuity Inc. - CELC
prnewswire.com · Aug 6
Celcuity Schedules Release of Second Quarter 2026 Financial Results and Webcast/Conference Call
globenewswire.com · Aug 6
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