Bicycle Therapeutics PLC Sponsored ADR

BCYC

Healthcare Biotechnology

Bicycle Therapeutics PLC Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $72.6 million, up 105.8% from fiscal 2024.

Revenue
+190.2%
EPS
+82.4%
Free cash flow
+43.5%

Quarter to September 2026, against a year earlier

3.61 0.13 +3.74%
Market cap
$182.5M
P/E
n/m
Fwd P/E
n/m
Dividend yield
—
F-score
2/9
ROIC
−279.8%
Net debt / EBITDA
2.6×
Dividend safety
n/a

Bicycle Therapeutics PLC Sponsored ADR (BCYC) Piotroski F-score

Alert me on Piotroski F-score

Bicycle Therapeutics PLC Sponsored ADR's Piotroski F-score for fiscal 2025 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed, down from 4 in fiscal 2024.

Piotroski F-score, annual

Embed this chart

Annual newest first

Period Piotroski F-score Change (points)
FY2025 2 (2.00)
FY2024 4 0.00
FY2023 4 2.00
FY2022 2 (2.00)
FY2021 4 3.00
FY2020 1 (2.00)
FY2019 3 —

How fiscal 2025’s score is made up

Test This year Year before Result Points
Positive return on assets (26.15%) (21.78%) Fail 0
Positive operating cash flow (249.67m) (164.72m) Fail 0
Rising return on assets (26.15%) (21.78%) Fail 0
Cash flow above net income (30.71m) 4.31m Fail 0
Falling long-term leverage 0.00 0.00 Pass 1
Rising current ratio 11.98 13.81 Fail 0
No new shares issued 69,280,000 58,208,000 Fail 0
Rising gross margin 100.00% 100.00% Fail 0
Rising asset turnover 0.09 0.05 Pass 1
Piotroski F-score Weak — most fundamentals deteriorated 2

How the Piotroski F-score works

One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.

Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:

7–9Strong — most fundamentals improved
4–6Mixed
0–3Weak — most fundamentals deteriorated

Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.

Piotroski F-score against peers

What Piotroski F-score is

The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.

One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover

The full definition of Piotroski F-score →

More on BCYC