| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | 1 | 4 | — | 2 | 1 |
| Sell | — | — | — | — | — | — | — | — | — | 2 | — | — |
| total | individual payouts | |
|---|---|---|
| 2025 | ‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 620.18 | 471.39 | 307.53 | 288.19 |
| Receivables | 5.16 | — | — | — |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 639.28 | 485.41 | 315.19 | 292.01 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 25.39 | 7.77 | 5.88 | 1.94 |
| ST’ Debt | — | — | — | — |
| Other | 15.66 | 15.84 | 25.09 | 5.59 |
| 56.89 | 48.50 | 40.84 | 11.66 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 51.08 | 1.01 | — | — |
—
|
| ’25 | 2.83 | 4.42 | 2.42 | 0.02 |
9.68
|
| ’24 | 0.05 | 132.01 | 0.97 | 2.12 |
135.16
|
| ’23 | 2.17 | 4.02 | 84.87 | 0.32 |
91.37
|
| ’22 | 1.15 | 1.31 | 1.52 | 49.92 |
53.91
|
| ’21 | 0.16 | 60.07 | 139.17 | 1.17 |
200.58
|
| ’20 | 0.14 | 0.20 | 0.16 | 0.36 |
0.85
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 28.88 | (25.05) | — | — |
—
|
| ’25 | (53.36) | (46.34) | (40.56) | (23.31) |
(163.58)
|
| ’24 | (73.05) | 15.96 | (45.19) | (47.77) |
(150.05)
|
| ’23 | (47.46) | (44.93) | 9.52 | (51.04) |
(133.91)
|
| ’22 | (37.41) | (35.26) | (31.17) | (4.98) |
(108.82)
|
| ’21 | (33.67) | 36.62 | 112.11 | (22.46) |
92.61
|
| ’20 | (23.17) | (18.70) | (19.40) | (19.09) |
(80.36)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 28.88 | (25.70) | — | — |
—
|
| ’25 | (53.40) | (46.43) | (40.57) | (23.31) |
(163.72)
|
| ’24 | (73.15) | 15.82 | (45.19) | (47.81) |
(150.35)
|
| ’23 | (47.51) | (45.70) | 9.08 | (52.55) |
(136.68)
|
| ’22 | (37.44) | (35.42) | (31.30) | (5.13) |
(109.28)
|
| ’21 | (33.71) | 36.62 | 111.90 | (22.78) |
92.03
|
| ’20 | (23.19) | (18.74) | (19.48) | (19.14) |
(80.56)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.60 | (0.36) | — | — |
—
|
| ’25 | (1.12) | (2.34) | (0.68) | (0.40) |
(4.53)
|
| ’24 | (1.34) | 1.22 | (1.10) | (1.08) |
(2.27)
|
| ’23 | (0.89) | (1.03) | 0.38 | (1.26) |
(2.76)
|
| ’22 | (0.78) | (0.88) | (0.97) | 0.12 |
(2.47)
|
| ’21 | (0.91) | 0.58 | 2.13 | (0.71) |
1.38
|
| ’20 | (0.59) | (0.66) | (0.77) | (0.77) |
(2.78)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 21.06 | 28.51 | 11.70 | 4.32 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 66.47 | 79.65 | 41.55 | 16.67 | — | — | — |
High Price
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 127 | 173 | 163 | 67 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.42 | 0.53 | 0.83 | 0.14 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 53.91 | 91.37 | 135.16 | 9.68 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 100.00% | 100.00% | 100.00% | 100.00% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (125.60) | (160.48) | (128.93) | (200.83) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (233.01%) | (175.64%) | (95.39%) | (2,073.82%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (116.95) | (147.03) | (122.31) | (244.09) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.74 | 8.41 | 3.59 | 3.70 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.14 | 1.72 | 2.51 | 0.18 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | (2.47) | (2.76) | (2.27) | (4.53) | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.30) | (2.52) | (2.79) | (3.04) | ‡‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.01) | (0.05) | (0.01) | 0.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.31) | (2.57) | (2.80) | (3.04) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.13 | 10.55 | 9.06 | 5.21 | ‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 47.37 | 53.22 | 53.77 | 53.83 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 47.01 | 22.45 | 5.51 | 53.08 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.07 | 3.65 | 1.53 | 1.83 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 33.98 | 15.78 | 2.10 | 22.44 | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (16.76) | (10.55) | (1.89) | (1.33) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (108.82) | (133.91) | (150.05) | (163.58) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.46) | (2.77) | (0.30) | (0.14) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (109.28) | (136.68) | (150.35) | (163.72) | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 668.95 | 582.39 | 436.91 | 274.35 | — | — | — |
Working Cap'
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.47 | — | — | — | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (703.93) | (620.18) | (471.39) | (307.53) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 622.04 | 561.37 | 486.93 | 280.47 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (17.11%) | (20.22%) | (19.67%) | (55.86%) | — | — | — |
ROA
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00% | 0.00% | (621.71%) | 0.00% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (21.50%) | (24.85%) | (23.34%) | (63.62%) | — | — | — |
ROE
|
Prothena Corporation (PRTA), a clinical-stage biotech targeting misfolded protein diseases like amyloidosis and Alzheimer’s, trades at depressed levels near $9, far below Wall Street’s mean price target implying 106% upside (highs at 302%). Yet, fundamentals scream caution: revenue swings wildly from milestone payments—peaking at $135M in 2024 before a forecasted 93% plunge to $10M in 2025—masking no sustainable sales, brutal cash burn (-$151M operating cash flow in 2024), and dilution via 56% share increase since 2016. Profitability is illusory, with net losses ballooning to -$122M in 2024 and projected -$251M in 2025, eroding ROE to -23%.
A fortress-like balance sheet offers temporary relief, with $471M net cash funding the burn, but insider actions blare alarms—a 10% owner dumped 6.28M shares for $51M in May 2025 amid silence on buys. Pipeline catalysts like ALZ-801 Phase 2 data and birtamimab trial hopes drive analyst optimism for a 2026 revenue rebound to $118M, but history’s trial flops (e.g., AFFIRM-AL Phase 3 miss) and biotech graveyard risks suggest a high-wire bet.
Valuation looks cheap at 1.5x PB and 5.5x PS, tracing revenue highs/lows faithfully, but EV/Sales spikes to 48x in 2025 price in miracles. Is this a contrarian dip or dilution trap? Dive into the full analysis for the quantitative breakdown and 2026 catalysts that could moon or crater shares.
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