CTMX Chart
About

CytomX Therapeutics, Inc. operates as an oncology-focused biopharmaceutical company that focuses on developing novel conditionally activated biologics localized to the tumor microenvironment. The company utilizes conditional activation platform technology for oncology biologics research and development comprising the validation of targets for antibody-drug conjugates (ADCs), opening therapeutic window for novel T-cell engagers (TCEs) targeting solid tumors, and increasing the therapeutic index for immune modulators, such as cytokines; and PROBODY platform in preclinical research in areas outside of oncology. It also develops CX-904, a T-cell-engaging bispecific antibody targeting the epidermal growth factor receptor (EGFR) on tumor cells and the CD3 receptor on T cells; CX-2051, a conditionally activated ADC for optimizing the therapeutic index for EpCAM-expressing epithelial cancers, including colorectal cancer; and CX-801, an interferon alpha-2b PROBODY cytokine. In addition, the company's development pipeline comprises CX-2029, a conditional activated ADC targeting CD71; and BMS-986288, a PROBODY version of non-fucosylated ipilimumab. It has strategic collaborations with Amgen, Astellas, Bristol Myers Squibb, Regeneron, and Moderna; and clinical trial collaboration and supply agreement with Merck for the evaluation of CX-801 in combination with anti-PD-1 therapy, KEYTRUDA (pembrolizumab). The company was founded in 2008 and is based in South San Francisco, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 970.86M
Enterprise Value 783.70M Income 28.02M Sales 113.63M
Book/sh 0.65 Cash/sh 0.85 Dividend Yield —
Payout 0.00% Employees 119 IPO —
P/E 19.10 Forward P/E -15.59 PEG —
P/S 8.54 P/B 8.80 P/C —
EV/EBITDA 31.95 EV/Sales 6.90 Quick Ratio 3.54
Current Ratio 3.64 Debt/Eq 5.21 LT Debt/Eq —
EPS (ttm) 0.30 EPS next Y -0.37 EPS Growth —
Revenue Growth -82.20% Earnings 2026-03-05 ROA 9.78%
ROE 66.76% ROIC — Gross Margin 100.00%
Oper. Margin -264.43% Profit Margin 24.66% Shs Outstand 169.44M
Shs Float 122.81M Short Float 9.06% Short Ratio 4.71
Short Interest — 52W High 6.35 52W Low 0.40
Beta 2.43 Avg Volume 3.02M Volume 2.50M
Target Price $9.00 Recom None Prev Close $5.44
Price $5.73 Change 5.33%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$9.00
Mean price target
2. Current target
$5.73
Latest analyst target
3. DCF / Fair value
$-5.88
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$5.73
Low
$6.00
High
$10.00
Mean
$9.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-04 main Cantor Fitzgerald Overweight → Overweight $10
2026-02-04 main Barclays Overweight → Overweight $10
2026-01-20 main Barclays Overweight → Overweight $8
2026-01-20 init Guggenheim — → Buy $10
2026-01-20 main Piper Sandler Overweight → Overweight $10
2025-11-11 main HC Wainwright & Co. Buy → Buy $10
2025-10-21 main Barclays Overweight → Overweight $6
2025-09-22 init Cantor Fitzgerald — → Overweight $6
2025-07-31 init Oppenheimer — → Outperform $7
2025-05-20 reit HC Wainwright & Co. Buy → Buy $5
2025-05-15 main Piper Sandler Overweight → Overweight $5
2025-05-15 up HC Wainwright & Co. Neutral → Buy $5
2025-04-14 main Piper Sandler Overweight → Overweight $3
2025-03-07 reit HC Wainwright & Co. Neutral → Neutral —
2025-01-07 reit HC Wainwright & Co. Neutral → Neutral —
2024-11-11 reit HC Wainwright & Co. — → Neutral —
2024-09-13 reit HC Wainwright & Co. — → Neutral —
2024-08-22 reit HC Wainwright & Co. — → Neutral —
2024-06-27 reit HC Wainwright & Co. — → Neutral —
2024-05-28 up Piper Sandler Neutral → Overweight $4
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 210000 — — Stock Award(Grant) at price 0.00 per share. MCCARTHY SEAN A. Chief Executive Officer — 2026-02-02 00:00:00 D
1 75000 — — Stock Award(Grant) at price 0.00 per share. CHU YU-WAYE Officer — 2026-02-02 00:00:00 D
2 90000 — — Stock Award(Grant) at price 0.00 per share. OGDEN CHRISTOPHER Chief Financial Officer — 2026-02-02 00:00:00 D
3 60000 — — Stock Award(Grant) at price 0.00 per share. BELVIN MARCIA Officer — 2026-02-02 00:00:00 D
4 20000 — — Stock Award(Grant) at price 0.00 per share. LESTER RACHAEL Officer — 2026-02-02 00:00:00 D
5 101793 461906.0 — Sale at price 4.54 per share. MCCARTHY SEAN A. Chief Executive Officer — 2025-11-06 00:00:00 D
6 13884 37334.0 — Sale at price 2.69 per share. BELVIN MARCIA Officer — 2025-06-16 00:00:00 D
7 55511 149264.0 — Sale at price 2.69 per share. MCCARTHY SEAN A. Chief Executive Officer — 2025-06-16 00:00:00 D
8 12255 33381.0 — Sale at price 2.69 - 2.95 per share. OGDEN CHRISTOPHER Chief Financial Officer — 2025-06-16 00:00:00 D
9 150000 nan — — MCCARTHY SEAN A. Chief Executive Officer — 2025-06-13 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.010.210.000.00
NormalizedEBITDA26.76M-4.31M-98.89M-113.34M
NetIncomeFromContinuingOperationNetMinorityInterest31.87M-569.00K-99.32M-115.87M
ReconciledDepreciation1.77M2.17M2.44M2.71M
EBITDA26.76M-4.31M-98.89M-113.34M
EBIT25.00M-6.48M-101.33M-116.04M
NetInterestIncome7.14M9.84M1.68M255.00K
InterestIncome7.14M9.84M1.68M255.00K
NormalizedIncome31.87M-569.00K-99.32M-115.87M
NetIncomeFromContinuingAndDiscontinuedOperation31.87M-569.00K-99.32M-115.87M
TotalExpenses113.11M107.70M154.50M153.35M
TotalOperatingIncomeAsReported25.00M-6.48M-101.33M-116.04M
DilutedAverageShares84.75M73.81M65.74M64.15M
BasicAverageShares84.44M73.81M65.74M64.15M
DilutedEPS0.38-0.01-1.51-1.30
BasicEPS0.38-0.01-1.51-1.30
DilutedNIAvailtoComStockholders31.87M-569.00K-99.32M-115.87M
NetIncomeCommonStockholders31.87M-569.00K-99.32M-115.87M
NetIncome31.87M-569.00K-99.32M-115.87M
NetIncomeIncludingNoncontrollingInterests31.87M-569.00K-99.32M-115.87M
NetIncomeContinuousOperations31.87M-569.00K-99.32M-115.87M
TaxProvision224.00K3.89M0.000.00
PretaxIncome32.09M3.32M-99.32M-115.87M
OtherIncomeExpense-38.00K-30.00K340.00K-83.00K
OtherNonOperatingIncomeExpenses-38.00K-30.00K340.00K-83.00K
NetNonOperatingInterestIncomeExpense7.14M9.84M1.68M255.00K
InterestIncomeNonOperating7.14M9.84M1.68M255.00K
OperatingIncome25.00M-6.48M-101.33M-116.04M
OperatingExpense113.11M107.70M154.50M153.35M
ResearchAndDevelopment83.38M77.68M111.65M114.19M
SellingGeneralAndAdministration29.73M30.02M42.85M39.16M
GeneralAndAdministrativeExpense29.73M30.02M42.85M39.16M
OtherGandA29.73M30.02M42.85M39.16M
TotalRevenue138.10M101.21M53.16M37.31M
OperatingRevenue138.10M101.21M53.16M37.31M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber80.10M67.31M66.23M65.39M
ShareIssued80.10M67.31M66.23M65.39M
TotalDebt9.38M13.97M18.06M21.67M
TangibleBookValue-1.99M-49.12M-87.58M-2.43M
InvestedCapital-456.00K-47.45M-85.75M-459.00K
WorkingCapital21.53M27.02M84.49M232.43M
NetTangibleAssets-1.99M-49.12M-87.58M-2.43M
CapitalLeaseObligations9.38M13.97M18.06M21.67M
CommonStockEquity-456.00K-47.45M-85.75M-459.00K
TotalCapitalization-456.00K-47.45M-85.75M-459.00K
TotalEquityGrossMinorityInterest-456.00K-47.45M-85.75M-459.00K
StockholdersEquity-456.00K-47.45M-85.75M-459.00K
GainsLossesNotAffectingRetainedEarnings27.00K95.00K10.00K-242.00K
OtherEquityAdjustments27.00K95.00K10.00K-242.00K
RetainedEarnings-691.58M-723.45M-722.88M-623.56M
AdditionalPaidInCapital691.10M675.90M637.12M623.34M
CapitalStock1.00K1.00K1.00K1.00K
CommonStock1.00K1.00K1.00K1.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest120.99M249.24M346.64M339.87M
TotalNonCurrentLiabilitiesNetMinorityInterest35.22M93.33M194.03M262.00M
OtherNonCurrentLiabilities4.12M3.89M
NonCurrentDeferredLiabilities26.86M80.05M180.06M243.94M
NonCurrentDeferredRevenue26.86M80.05M180.06M243.94M
LongTermDebtAndCapitalLeaseObligation4.24M9.38M13.97M18.06M
LongTermCapitalLeaseObligation4.24M9.38M13.97M18.06M
CurrentLiabilities85.77M155.91M152.61M77.87M
CurrentDeferredLiabilities67.20M132.27M121.27M40.82M
CurrentDeferredRevenue67.20M132.27M121.27M40.82M
CurrentDebtAndCapitalLeaseObligation5.14M4.59M4.08M3.62M
CurrentCapitalLeaseObligation5.14M4.59M4.08M3.62M
PayablesAndAccruedExpenses13.43M19.06M27.26M33.44M
CurrentAccruedExpenses12.34M17.60M24.45M30.62M
Payables1.09M1.46M2.81M2.82M
AccountsPayable1.09M1.46M2.81M2.82M
TotalAssets120.53M201.79M260.89M339.41M
TotalNonCurrentAssets13.23M18.86M23.79M29.11M
OtherNonCurrentAssets1.09M1.00M944.00K1.82M
GoodwillAndOtherIntangibleAssets1.53M1.68M1.82M1.97M
OtherIntangibleAssets583.00K729.00K875.00K1.02M
Goodwill949.00K949.00K949.00K949.00K
NetPPE10.60M16.18M21.02M25.32M
AccumulatedDepreciation-16.23M-14.69M-14.37M-13.83M
GrossPPE26.83M30.87M35.39M39.15M
Leases2.00M1.98M1.74M1.74M
ConstructionInProgress0.00368.00K705.00K308.00K
OtherProperties8.14M12.22M15.95M19.36M
MachineryFurnitureEquipment16.69M16.30M17.00M17.75M
Properties0.000.000.000.00
CurrentAssets107.31M182.94M237.10M310.30M
OtherCurrentAssets3.58M5.00M7.47M4.29M
PrepaidAssets4.29M
Receivables3.10M3.43M35.99M790.00K
AccountsReceivable3.10M3.43M35.99M790.00K
CashCashEquivalentsAndShortTermInvestments100.62M174.51M193.65M305.23M
OtherShortTermInvestments62.57M157.34M0.0099.70M
CashAndCashEquivalents38.05M17.17M193.65M205.53M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-86.54M-56.88M-112.53M-120.64M
IssuanceOfCapitalStock6.91M0.00107.71M
CapitalExpenditure-310.00K-840.00K-1.74M-1.61M
IncomeTaxPaidSupplementalData0.00
EndCashPosition39.08M18.09M194.57M206.45M
BeginningCashPosition18.09M194.57M206.45M192.78M
ChangesInCash20.99M-176.48M-11.88M13.67M
FinancingCashFlow7.52M30.23M648.00K110.21M
CashFlowFromContinuingFinancingActivities7.52M30.23M648.00K110.21M
ProceedsFromStockOptionExercised613.00K30.23M648.00K2.50M
NetCommonStockIssuance6.91M0.00107.71M
CommonStockIssuance6.91M0.00107.71M
InvestingCashFlow99.70M-150.67M98.26M22.49M
CashFlowFromContinuingInvestingActivities99.70M-150.67M98.26M22.49M
NetInvestmentPurchaseAndSale100.01M-149.83M100.00M24.10M
SaleOfInvestment255.50M275.00M100.00M124.00M
PurchaseOfInvestment-155.49M-424.83M0.00-99.90M
NetPPEPurchaseAndSale-310.00K-840.00K-1.74M-1.61M
PurchaseOfPPE-310.00K-840.00K-1.74M-1.61M
OperatingCashFlow-86.23M-56.03M-110.79M-119.03M
CashFlowFromContinuingOperatingActivities-86.23M-56.03M-110.79M-119.03M
ChangeInWorkingCapital-126.42M-62.51M-30.65M-22.44M
ChangeInOtherWorkingCapital-118.25M-89.01M16.57M-33.95M
ChangeInOtherCurrentAssets-56.00K874.00K1.27M
ChangeInPayablesAndAccruedExpense-9.93M-8.47M-9.72M7.42M
ChangeInAccruedExpense-9.63M-7.04M-9.78M7.56M
ChangeInPayable-297.00K-1.43M68.00K-139.00K
ChangeInAccountPayable-297.00K-1.43M68.00K-139.00K
ChangeInPrepaidAssets1.43M2.42M-3.18M2.81M
ChangeInReceivables329.00K32.55M-35.20M8.00K
ChangesInAccountReceivables329.00K32.55M-35.20M8.00K
OtherNonCashItems4.08M3.73M3.41M3.13M
StockBasedCompensation7.67M8.56M13.12M13.17M
AssetImpairmentCharge106.00K0.00254.00K0.00
AmortizationOfSecurities-5.31M-7.42M-52.00K272.00K
DepreciationAmortizationDepletion1.77M2.17M2.44M2.71M
DepreciationAndAmortization1.77M2.17M2.44M2.71M
AmortizationCashFlow146.00K146.00K146.00K146.00K
AmortizationOfIntangibles146.00K146.00K146.00K146.00K
Depreciation1.62M2.03M2.30M2.56M
NetIncomeFromContinuingOperations31.87M-569.00K-99.32M-115.87M
SEC Filings

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

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