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BCAB logoBioAtla, Inc.(BCAB)Earnings, Financials & Key Ratios

BCAB•NASDAQ
$4.50
$5M mkt cap·Price updated May 6, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryOncology Therapeutics Developers
AboutBioAtla, Inc., a clinical stage biopharmaceutical company, develops specific and selective antibody-based therapeutics for the treatment of solid tumor cancer. Its lead product candidate is BA3011, a conditionally active biologic (CAB) antibody-drug conjugate (ADC) for soft tissue and bone sarcoma tumors, non-small cell lung cancer (NSCLC), and ovarian cancer. It also develops BA3021, a CAB ADC for multiple solid tumor types, including NSCLC, melanoma, and ovarian cancer; and BA3071, which is a CAB anti-cytotoxic T-lymphocyte-associated antigen 4 antibody for renal cell carcinoma, NSCLC, small cell lung cancer, hepatocellular carcinoma, melanoma, bladder cancer, gastric cancer, and cervical cancer. BioAtla, Inc. was founded in 2007 and is based in San Diego, California.Show more
  • Revenue$2M-81.8%
  • EBITDA-$59M+19.3%
  • Net Income-$60M+14.6%
  • EPS (Diluted)-50.50+29.9%
  • Gross Margin100%+9.2%
  • EBITDA Margin-2946.6%-343.9%
  • Operating Margin-2965.25%-341.1%
  • Net Margin-2980.35%-369.8%
Technical→

BCAB Key Insights

BioAtla, Inc. (BCAB) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 36.1%

✗Weaknesses

  • ✗Profits declining 10.7% over 5 years
  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 1 (bottom 1%)
  • ✗Shares diluted 21.1% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

BCAB Price & Volume

BioAtla, Inc. (BCAB) stock price & volume — 10-year historical chart

Loading chart...

BCAB Growth Metrics

BioAtla, Inc. (BCAB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years36.06%
3 Years-
TTM-81.82%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM14.57%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM29.86%

Return on Capital

10 Years-157.68%
5 Years-138.7%
3 Years-200.3%
Last Year-398.18%

BCAB Recent Earnings

BioAtla, Inc. (BCAB) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 1/12 qtrs (100%)
Q2 2026Latest
Mar 31, 2026
EPS
$8.00
Est $12.00
+33.3%
Revenue
$2M
Est $700,000
+185.7%
Q4 2025
Nov 13, 2025
EPS
$0.27
Est $0.31
+12.9%
Revenue
—
Q3 2025
Aug 7, 2025
EPS
$0.31
Est $0.29
-6.9%
Revenue
—
Q2 2025
May 6, 2025
EPS
$0.29
Est $0.28
-3.6%
Revenue
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 31, 2026
$8.00vs $12.00+33.3%
$2Mvs $700,000+185.7%
Q4 2025Nov 13, 2025
$0.27vs $0.31+12.9%
—
Q3 2025Aug 7, 2025
$0.31vs $0.29-6.9%
—
Q2 2025May 6, 2025
$0.29vs $0.28-3.6%
—
Based on last 12 quarters of dataView full earnings history →

BCAB Peer Comparison

BioAtla, Inc. (BCAB) competitors in Oncology Therapeutics Developers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
IMVT logoIMVTImmunovant, Inc.Direct Competitor5.83B28.67-10.50-47.07%0.00
RCUS logoRCUSArcus Biosciences, Inc.Direct Competitor2.62B26.00-7.90-4.26%-156.36%-68.97%0.16
AGEN logoAGENAgenus Inc.Direct Competitor137.4M3.89-1144.1210.37%0.1%
MGNX logoMGNXMacroGenics, Inc.Direct Competitor190.59M3.01-2.550.78%-49.91%-120.2%0.66
FATE logoFATEFate Therapeutics, Inc.Direct Competitor264.17M2.29-1.99-51.24%-20.51%-65.79%0.38
MIRM logoMIRMMirum Pharmaceuticals, Inc.Direct Competitor5.53B110.08-234.2154.74%-194.97%-289.33%1.02
ARVN logoARVNArvinas, Inc.Product Competitor656.24M10.26-8.02-0.3%-30.77%-14.25%0.02
NKTR logoNKTRNektar TherapeuticsProduct Competitor1.67B85.09-8.75-43.89%-192.87%-356.81%0.95

Compare BCAB vs Peers

BioAtla, Inc. (BCAB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IMVT

Most directly comparable listed peer for BCAB.

Scale Benchmark

vs ABBV

Larger-name benchmark to compare BCAB against a more recognizable public peer.

Peer Set

Compare Top 5

vs IMVT, RCUS, AGEN, MGNX

BCAB Income Statement

BioAtla, Inc. (BCAB) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue10.63M5.2M429K250K0011M2M
Revenue Growth %--51.07%-91.75%-41.72%-100%---81.82%
Cost of Goods Sold26.3M25.92M19.93M01.2M1.22M925K0
COGS % of Revenue247.53%498.44%4646.39%---8.41%-
Gross Profit
-15.68M▲ 0%
-20.72M▼ 32.2%
-19.5M▲ 5.9%
250K▲ 101.3%
-1.2M▼ 579.6%
-1.22M▼ 1.8%
10.07M▲ 925.1%
2M▼ 80.1%
Gross Margin %-147.53%-398.44%-4546.39%100%--91.59%100%
Gross Profit Growth %--32.15%5.86%101.28%-579.6%-1.83%925.14%-80.15%
Operating Expenses38.86M7.55M10.6M96.69M106.94M128.47M84.02M61.3M
OpEx % of Revenue365.68%145.17%2469.7%38676%--763.8%3065.25%
Selling, General & Admin12.56M7.55M10.6M38.42M28.79M25.96M21.85M17.73M
SG&A % of Revenue118.15%145.17%2469.7%15366.4%--198.62%886.6%
Research & Development26.3M25.92M19.93M58.27M79.35M103.73M63.09M43.57M
R&D % of Revenue247.53%498.44%4646.39%23309.6%--573.59%2178.65%
Other Operating Expenses-5K-25.92M-19.93M0-1.2M-1.22M-925K0
Operating Income
-28.23M▲ 0%
-28.27M▼ 0.1%
-30.1M▼ 6.5%
-96.44M▼ 220.4%
-108.14M▼ 12.1%
-129.69M▼ 19.9%
-73.94M▲ 43.0%
-59.3M▲ 19.8%
Operating Margin %-265.68%-543.62%-7016.08%-38576%---672.21%-2965.25%
Operating Income Growth %--0.12%-6.48%-220.41%-12.13%-19.93%42.98%19.8%
EBITDA-27.44M-27.41M-29.09M-95.11M-106.94M-128.47M-73.02M-58.93M
EBITDA Margin %-258.21%-527.08%-6781.12%-38044%---663.8%-2946.6%
EBITDA Growth %-0.12%-6.14%-226.94%-12.44%-20.13%43.16%19.29%
D&A (Non-Cash Add-back)794K860K1.01M1.33M1.2M1.22M925K373K
EBIT-28.03M-28.27M-34.46M-95.4M-106.48M-123.46M-73.94M-59.3M
Net Interest Income-740K-1.5M-1.29M347K1.65M6.31M3.37M843K
Interest Income209K128K100K350K1.65M6.31M3.37M843K
Interest Expense949K1.63M1.39M3K0000
Other Income/Expense-745K-1.59M-5.75M1.04M1.66M6.22M4.17M-302K
Pretax Income
-28.98M▲ 0%
-29.86M▼ 3.0%
-35.85M▼ 20.1%
-95.4M▼ 166.1%
-106.48M▼ 11.6%
-123.46M▼ 15.9%
-69.78M▲ 43.5%
-59.61M▲ 14.6%
Pretax Margin %-272.69%-574.13%-8357.34%-38160.8%---634.33%-2980.35%
Income Tax204K0000000
Effective Tax Rate %-0.7%0%0%0%0%0%0%0%
Net Income
-28.98M▲ 0%
-29.79M▼ 2.8%
-35.85M▼ 20.3%
-95.4M▼ 166.1%
-105.28M▼ 10.4%
-123.46M▼ 17.3%
-69.78M▲ 43.5%
-59.61M▲ 14.6%
Net Margin %-272.69%-572.96%-8357.34%-38160.8%---634.33%-2980.35%
Net Income Growth %--2.81%-20.34%-166.09%-10.36%-17.27%43.48%14.57%
Net Income (Continuing)-28.98M-29.86M-35.85M-95.4M-106.48M-123.46M-69.78M-59.61M
Discontinued Operations00000000
Minority Interest19K-47K000000
EPS (Diluted)
-67.00▲ 0%
-46.50▲ 30.6%
-53.00▼ 14.0%
-138.00▼ 160.4%
-137.00▲ 0.7%
-129.00▲ 5.8%
-72.00▲ 44.2%
-50.50▲ 29.9%
EPS Growth %-30.6%-13.98%-160.38%0.72%5.84%44.19%29.86%
EPS (Basic)-67.00-46.50-53.00-138.00-137.00-129.00-72.00-50.50
Diluted Shares Outstanding431.77K673.27K673.27K691.23K778.54K955.55K971.47K1.18M
Basic Shares Outstanding431.77K673.27K673.27K691.23K778.54K955.55K971.47K1.18M
Dividend Payout Ratio--------

BCAB Balance Sheet

BioAtla, Inc. (BCAB) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets12.66M4.51M240.68M247.29M220.43M116.41M51.23M8.01M
Cash & Short-Term Investments10.86M3.7M238.6M244.98M215.51M111.47M49.05M7.12M
Cash Only10.86M3.7M238.6M244.98M215.51M111.47M49.05M7.12M
Short-Term Investments00000000
Accounts Receivable00000000
Days Sales Outstanding--------
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets281K214K72K1.81M539K320K447K895K
Total Non-Current Assets3.98M4.83M4.26M7.13M5.3M3.25M1.19M5.82M
Property, Plant & Equipment3.88M4.67M4.1M6.98M5.15M3.1M1.19M5.65M
Fixed Asset Turnover2.74x1.11x0.10x0.04x--9.24x0.35x
Goodwill00000000
Intangible Assets00000000
Long-Term Investments00000000
Other Non-Current Assets97K154K154K154K154K154K0163K
Total Assets
16.64M▲ 0%
9.34M▼ 43.9%
244.94M▲ 2523.6%
254.42M▲ 3.9%
225.74M▼ 11.3%
119.66M▼ 47.0%
52.42M▼ 56.2%
13.83M▼ 73.6%
Asset Turnover0.64x0.56x0.00x0.00x--0.21x0.14x
Asset Growth %--43.88%2523.58%3.87%-11.28%-46.99%-56.19%-73.62%
Total Current Liabilities9.2M26.72M32.26M19.81M23.13M28.34M14.54M21.92M
Accounts Payable1.96M5.14M2.46M1.18M4.23M3.82M1.9M8.19M
Days Payables Outstanding27.2172.3744.97-1.29K1.14K750.52-
Short-Term Debt09.71M000001.43M
Deferred Revenue (Current)169K1.42M19.81M00000
Other Current Liabilities5.2M8.16M3.19M013.93M19.11M11.8M12.3M
Current Ratio1.38x0.17x7.46x12.48x9.53x4.11x3.52x0.37x
Quick Ratio1.38x0.17x7.46x12.48x9.53x4.11x3.52x0.37x
Cash Conversion Cycle--------
Total Non-Current Liabilities35.89M38.63M2.7M23.79M22.27M20.64M23.62M28.09M
Long-Term Debt15M8.41M682K00004.77M
Capital Lease Obligations-4.59M003.98M2.46M836K00
Deferred Tax Liabilities4.59M2.81M000000
Other Non-Current Liabilities15.99M8.59M2.02M19.81M19.81M19.81M23.62M23.32M
Total Liabilities45.08M65.35M34.96M43.6M45.4M48.99M38.16M50.02M
Total Debt15M18.12M682K5.37M3.98M2.46M836K6.2M
Net Debt4.14M14.42M-237.92M-239.61M-211.53M-109.01M-48.21M-918K
Debt / Equity--0.00x0.03x0.02x0.03x0.06x-
Debt / EBITDA--------
Net Debt / EBITDA--------
Interest Coverage-29.54x-17.34x-24.81x-31799.67x----
Total Equity
-28.45M▲ 0%
-56.01M▼ 96.9%
209.97M▲ 474.9%
210.82M▲ 0.4%
180.34M▼ 14.5%
70.67M▼ 60.8%
14.27M▼ 79.8%
-36.19M▼ 353.7%
Equity Growth %--96.9%474.88%0.4%-14.46%-60.81%-79.82%-353.69%
Book Value per Share-65.88-83.19311.87305.00231.6473.9614.68-30.76
Total Shareholders' Equity-28.46M-55.96M209.97M210.82M180.34M70.67M14.27M-36.19M
Common Stock750K750K3K4K5K5K6K6K
Retained Earnings-118.56M-148.35M-90.92M-186.32M-292.8M-416.26M-486.04M-545.65M
Treasury Stock00000000
Accumulated OCI-1.38M0000000
Minority Interest19K-47K000000

BCAB Cash Flow Statement

BioAtla, Inc. (BCAB) cash flow — operating, investing & free cash flow history

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-35.32M-9.64M-36.33M-62.21M-90.42M-104.02M-71.94M-48.2M
Operating CF Margin %-332.33%-185.48%-8469.46%-24885.6%---653.96%-2410.2%
Operating CF Growth %-72.69%-276.71%-71.23%-45.34%-15.04%30.84%32.99%
Net Income-28.98M-29.86M-35.85M-95.4M-106.48M-123.46M-69.78M-59.61M
Depreciation & Amortization794K860K1.01M1.33M1.2M1.22M925K373K
Stock-Based Compensation2.64K-6.4K3.02M25.12M14.56M13.54M8.92M5.43M
Deferred Taxes06.4K4.46M-686K0000
Other Non-Cash Items2.57M-5.75M-6.48M3K13K2K-807K1.32M
Working Capital Changes-9.7M25.1M-2.5M7.42M287K4.68M-11.2M4.28M
Change in Receivables00000000
Change in Inventory00000000
Change in Payables446K3.13M-1.66M7.99M3.41M5.28M-13.46M0
Cash from Investing-988K-1.51M-590K-924K-265K-98K00
Capital Expenditures-988K-1.51M-590K-924K-268K-98K00
CapEx % of Revenue9.3%29.02%137.53%369.6%----
Acquisitions19K-5K-19K00000
Investments--------
Other Investing05K19K03K000
Cash from Financing5.02M4M271.82M69.51M61.21M77K9.51M6.28M
Debt Issued (Net)5M4M3.43M00007.13M
Equity Issued (Net)00268.41M71.42M61.68M336K9.21M100K
Dividends Paid00000000
Share Repurchases00000000
Other Financing19K-5K-19K-1.91M-469K-259K296K-949K
Net Change in Cash
-31.29M▲ 0%
-7.16M▲ 77.1%
234.9M▲ 3381.2%
6.37M▼ 97.3%
-29.47M▼ 562.4%
-104.04M▼ 253.0%
-62.42M▲ 40.0%
-41.93M▲ 32.8%
Free Cash Flow
-36.3M▲ 0%
-11.15M▲ 69.3%
-36.92M▼ 231.0%
-63.14M▼ 71.0%
-90.69M▼ 43.6%
-104.11M▼ 14.8%
-71.94M▲ 30.9%
-48.2M▲ 33.0%
FCF Margin %-341.63%-214.5%-8606.99%-25255.2%---653.96%-2410.2%
FCF Growth %-69.28%-231.04%-70.99%-43.63%-14.8%30.91%32.99%
FCF per Share-84.08-16.57-54.84-91.34-116.48-108.96-74.05-40.97
FCF Conversion (FCF/Net Income)1.22x0.32x1.01x0.65x0.86x0.84x1.03x0.81x
Interest Paid00000000
Taxes Paid000067K6K00

BCAB Key Ratios

BioAtla, Inc. (BCAB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025
Return on Equity (ROE)---46.57%-45.34%-53.83%-98.37%-164.3%-
Gross Margin-147.53%-398.44%-4546.39%100%--91.59%100%
Net Margin-272.69%-572.96%-8357.34%-38160.8%---634.33%-2980.35%
Debt / Equity--0.00x0.03x0.02x0.03x0.06x-
Interest Coverage-29.54x-17.34x-24.81x-31799.67x----
FCF Conversion1.22x0.32x1.01x0.65x0.86x0.84x1.03x0.81x
Revenue Growth--51.07%-91.75%-41.72%-100%---81.82%

BCAB SEC Filings & Documents

BioAtla, Inc. (BCAB) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 2, 2026·SEC

Material company update

Mar 31, 2026·SEC

Material company update

Mar 23, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 31, 2026·SEC

FY 2025

Mar 28, 2025·SEC

FY 2024

Mar 26, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 13, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 6, 2025·SEC

BCAB Frequently Asked Questions

BioAtla, Inc. (BCAB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

BioAtla, Inc. (BCAB) reported $2.0M in revenue for fiscal year 2025. This represents a 81% decrease from $10.6M in 2018.

BioAtla, Inc. (BCAB) saw revenue decline by 81.8% over the past year.

BioAtla, Inc. (BCAB) reported a net loss of $59.6M for fiscal year 2025.

Dividend & Returns

BioAtla, Inc. (BCAB) had negative free cash flow of $34.1M in fiscal year 2025, likely due to heavy capital investments.

Explore More BCAB

BioAtla, Inc. (BCAB) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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