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SAVA logoCassava Sciences, Inc.(SAVA)Earnings, Financials & Key Ratios

SAVA•NASDAQ
Price updated Jun 5, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryNeuroscience and Psychiatry Therapies
AboutCassava Sciences, Inc., a clinical stage biotechnology company, develops drugs for neurodegenerative diseases. Its lead therapeutic product candidate is simufilam, a small molecule drug, which is completed Phase 2b clinical trial; and investigational diagnostic product candidate is SavaDx, a blood-based biomarker/diagnostic to detect Alzheimer's disease. The company was formerly known as Pain Therapeutics, Inc. and changed its name to Cassava Sciences, Inc. in March 2019. Cassava Sciences, Inc. was incorporated in 1998 and is based in Austin, Texas.Show more
  • Revenue$0
  • EBITDA-$140M-34.4%
  • Net Income-$24M+75.0%
  • EPS (Diluted)-0.52+77.6%
  • ROE-17.19%+67.7%

SAVA Key Insights

Cassava Sciences, Inc. (SAVA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading at only 0.4x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Weak momentum: RS Rating 7 (bottom 7%)
  • ✗Shares diluted 11.1% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

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

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SAVA Price & Volume

Cassava Sciences, Inc. (SAVA) stock price & volume — 10-year historical chart

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SAVA Growth Metrics

Cassava Sciences, Inc. (SAVA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-500.27%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-58.7%

Return on Capital

10 Years-47.81%
5 Years-44.26%
3 Years-63.7%
Last Year-99.87%

SAVA Recent Earnings

Cassava Sciences, Inc. (SAVA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (50%)
Q4 2025Latest
Nov 12, 2025
Metric
Actual
Est
EPS
$0.22+18.5%
$0.27
Rev
—
—
Q3 2025
Aug 14, 2025
Metric
Actual
Est
EPS
$0.18
—
Rev
—
—
Q2 2025
May 8, 2025
Metric
Actual
Est
EPS
$0.48
—
Rev
—
—
Q2 2025
Mar 3, 2025
Metric
Actual
Est
EPS
$0.57+16.2%
$0.68
Rev
—
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q4 2025LatestNov 12, 2025
$0.22vs $0.27+18.5%
—
Q3 2025Aug 14, 2025
$0.18
—
Q2 2025May 8, 2025
$0.48
—
Q2 2025Mar 3, 2025
$0.57vs $0.68+16.2%
—
Based on last 12 quarters of dataView full earnings history →

SAVA Peer Comparison

Cassava Sciences, Inc. (SAVA) competitors in Neuroscience and Psychiatry Therapies — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ACAD logoACADACADIA Pharmaceuticals Inc.Direct Competitor3.7B21.629.4411.87%34.3%35.65%0.04
PRAX logoPRAXPraxis Precision Medicines, Inc.Direct Competitor8.15B282.31-20.94-100%-43.02%0.00
ATNM logoATNMActinium Pharmaceuticals, Inc.Direct Competitor32.32M1.03-0.95-260.79%-218.67%0.22
AVXL logoAVXLAnavex Life Sciences Corp.Direct Competitor252.99M2.73-5.06-38.76%
ACIU logoACIUAC Immune S.A.Direct Competitor244.26M2.40-2.74-86.92%-19.69%-101.6%0.10
BIIB logoBIIBBiogen Inc.Product Competitor29.02B196.5822.261.39%13.92%7.55%0.38
LLY logoLLYEli Lilly and CompanyProduct Competitor1.04T1098.1347.8544.7%34.98%101.17%1.60
IONS logoIONSIonis Pharmaceuticals, Inc.Product Competitor12.25B74.12-31.1433.87%-30.87%-58.57%5.35

Compare SAVA vs Peers

Cassava Sciences, Inc. (SAVA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ACAD

Most directly comparable listed peer for SAVA.

Scale Benchmark

vs LLY

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

Peer Set

Compare Top 5

vs ACAD, PRAX, ATNM, AVXL

SAVA Income Statement

Cassava Sciences, Inc. (SAVA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Sales/Revenue
0000000000
Revenue Growth %
----------
Cost of Goods Sold
58K68K69K1.57M3.05M068.03M89.42M039.51M
COGS % of Revenue
----------
Gross Profit
-58K▲ 0%
-68K▼ 17.2%
-69K▼ 1.5%
-1.57M▼ 2172.5%
-3.05M▼ 94.7%
0▲ 100.0%
-68.03M▲ 0%
-89.42M▼ 31.4%
0▲ 100.0%
-39.51M▲ 0%
Gross Margin %
----------
Gross Profit Growth %
-28.89%-17.24%-1.47%-2172.46%-94.71%100%--31.44%100%-
Operating Expenses
14.96M11.95M6.66M3.39M3.39M32.87M11.99M16.53M141.45M71.81M
OpEx % of Revenue
----------
Selling, General & Admin
5.78M4.33M3.69M3.39M3.74M8.05M11.99M16.53M71.81M25.54M
SG&A % of Revenue
----------
Research & Development
9.18M7.62M2.97M6.3M7.25M24.81M68.93M89.42M69.64M43.27M
R&D % of Revenue
----------
Other Operating Expenses
000-6.3M-7.6M0-68.93M-89.42M0-1000K
Operating Income
-14.96M▲ 0%
-11.95M▲ 20.1%
-6.66M▲ 44.2%
-4.96M▲ 25.6%
-6.45M▼ 30.0%
-32.87M▼ 409.9%
-80.02M▼ 143.5%
-105.96M▼ 32.4%
-141.45M▼ 33.5%
-111.33M▲ 0%
Operating Margin %
----------
Operating Income Growth %
-5.32%20.11%44.25%25.56%-29.99%-409.9%-143.46%-32.41%-33.49%-
EBITDA
-14.9M-11.88M-6.59M-4.9M-6.42M-32.33M-78.72M-104.43M-140.31M-110.43M
EBITDA Margin %
----------
EBITDA Growth %
-5.24%20.26%44.51%25.66%-31.08%-403.33%-143.46%-32.66%-34.37%17.3%
D&A (Non-Cash Add-back)
58K68K69K58K22K534K1.3M1.53M1.13M898K
EBIT
-14.85M-11.91M-6.56M-4.96M-6.79M-32.87M-80.02M-105.96M-142.28M-66.07M
Net Interest Income
000328K112K49K2.78M7.83M8.51M5.45M
Interest Income
107K38K105K328K112K49K2.78M7.83M8.51M5.45M
Interest Expense
0000000000
Other Income/Expense
107K38K105K328K112K483K3.77M8.74M117.1M5.29M
Pretax Income
-14.85M▲ 0%
-11.91M▲ 19.8%
-6.56M▲ 45.0%
-4.63M▲ 29.4%
-6.33M▼ 36.8%
-32.38M▼ 411.3%
-76.25M▼ 135.4%
-97.22M▼ 27.5%
-24.34M▲ 75.0%
-106.03M▲ 0%
Pretax Margin %
----------
Income Tax
-107K-38K00000000
Effective Tax Rate %
0.72%0.32%0%0%0%0%0%0%0%0%
Net Income
-14.85M▲ 0%
-11.91M▲ 19.8%
-6.56M▲ 45.0%
-4.63M▲ 29.4%
-6.33M▼ 36.8%
-32.38M▼ 411.3%
-76.25M▼ 135.4%
-97.22M▼ 27.5%
-24.34M▲ 75.0%
-106.03M▲ 0%
Net Margin %
----------
Net Income Growth %
-4.98%19.79%44.95%29.37%-36.77%-411.29%-135.44%-27.5%74.96%-500.27%
Net Income (Continuing)
-14.85M-11.91M-6.56M-4.63M-6.33M-32.38M-76.25M-97.22M-24.34M-106.03M
Discontinued Operations
0000000000
Minority Interest
0000000000
EPS (Diluted)
-2.28▲ 0%
-1.82▲ 20.2%
-0.61▲ 66.5%
-0.24▲ 60.7%
-0.22▲ 8.3%
-0.81▼ 268.2%
-1.80▼ 122.2%
-2.32▼ 28.9%
-0.52▲ 77.6%
-2.20▲ 0%
EPS Growth %
-5.56%20.18%66.48%60.66%8.33%-268.18%-122.22%-28.89%77.59%-58.7%
EPS (Basic)
-2.28-1.82-0.61-0.24-0.22-0.81-1.80-2.32-0.53-
Diluted Shares Outstanding
6.52M6.54M10.68M17.41M26.11M39.41M40.2M41.93M46.6M48.29M
Basic Shares Outstanding
6.52M6.54M10.68M17.41M26.11M39.41M40.2M41.93M46.33M48.29M
Dividend Payout Ratio
----------

SAVA Balance Sheet

Cassava Sciences, Inc. (SAVA) balance sheet — assets, liabilities & shareholders' equity

MetricDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Current Assets
19.07M10.66M20.04M23.35M93.99M244.48M211.23M129.63M136.53M108.91M
Cash & Short-Term Investments
18.71M10.48M19.81M23.08M93.51M233.44M201.01M121.14M128.57M106.08M
Cash Only
18.71M10.48M19.81M23.08M93.51M233.44M201.01M121.14M128.57M106.08M
Short-Term Investments
0000000000
Accounts Receivable
0000000962K947K817K
Days Sales Outstanding
----------
Inventory
0000000000
Days Inventory Outstanding
----------
Other Current Assets
356K184K233K268K31K10.38M160K6.78M6.21M107K
Total Non-Current Assets
232K168K99K137K306K22.3M23.61M22.03M21M20.82M
Property, Plant & Equipment
300K200K100K137K306K20.83M22.99M21.85M20.96M20.82M
Fixed Asset Turnover
---------0.00x
Goodwill
0000000000
Intangible Assets
000001.07M622K176K37K0
Long-Term Investments
0000000000
Other Non-Current Assets
-68K-32K-1K00399K0000
Total Assets
19.3M▲ 0%
10.83M▼ 43.9%
20.14M▲ 85.9%
23.49M▲ 16.6%
94.3M▲ 301.5%
266.78M▲ 182.9%
234.83M▼ 12.0%
151.66M▼ 35.4%
157.53M▲ 3.9%
129.73M▲ 0%
Asset Turnover
---------0.00x
Asset Growth %
-39.53%-43.89%85.94%16.62%301.52%182.91%-11.98%-35.42%3.87%-92.06%
Total Current Liabilities
665K1.13M511K1.39M1.86M12.53M7.06M14.2M11.75M48.05M
Accounts Payable
303K424K294K453K911K7.13M4.02M10.57M7.65M46.09M
Days Payables Outstanding
1.91K2.28K1.56K105.45108.91-21.5543.16-241.94
Short-Term Debt
0000000000
Deferred Revenue (Current)
0000000000
Other Current Liabilities
27K399K156K67K177K631K662K3.42M45K588K
Current Ratio
28.68x9.42x39.22x16.83x50.40x19.51x29.91x9.13x11.62x2.27x
Quick Ratio
28.68x9.42x39.22x16.83x50.40x19.51x29.91x9.13x11.62x2.27x
Cash Conversion Cycle
----------
Total Non-Current Liabilities
303K424K294K0235K333K232K079K119K
Long-Term Debt
0000000000
Capital Lease Obligations
0000235K139K35K000
Deferred Tax Liabilities
0000000000
Other Non-Current Liabilities
00000194K197K079K119K
Total Liabilities
665K1.13M511K1.39M2.1M12.87M7.29M14.2M11.83M48.16M
Total Debt
00090K293K236K139K000
Net Debt
-18.71M-10.48M-19.81M-22.99M-93.21M-233.2M-200.88M-121.14M-128.57M-106.08M
Debt / Equity
---0.00x0.00x0.00x0.00x--0.00x
Debt / EBITDA
----------0.00x
Net Debt / EBITDA
---------0.96x
Interest Coverage
----------
Total Equity
18.64M▲ 0%
9.7M▼ 48.0%
19.63M▲ 102.4%
22.1M▲ 12.6%
92.2M▲ 317.2%
253.91M▲ 175.4%
227.54M▼ 10.4%
137.47M▼ 39.6%
145.7M▲ 6.0%
81.57M▲ 0%
Equity Growth %
-36.54%-47.96%102.37%12.59%317.21%175.4%-10.39%-39.58%5.99%-36.14%
Book Value per Share
2.861.481.841.273.536.445.663.283.131.69
Total Shareholders' Equity
18.64M9.7M19.63M22.1M92.2M253.91M227.54M137.47M145.7M81.57M
Common Stock
46K7K17K22K35K40K42K42K48K48K
Retained Earnings
-145.49M-157.4M-163.96M-168.59M-174.92M-207.31M-283.55M-380.77M-405.11M-483.55M
Treasury Stock
0000000000
Accumulated OCI
-700K-800K-900K0000000
Minority Interest
0000000000

SAVA Cash Flow Statement

Cassava Sciences, Inc. (SAVA) cash flow — operating, investing & free cash flow history

MetricDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations
-12.23M-8.24M-4.77M-2.51M-5.38M-30.2M-77.51M-82.03M-116.93M-83.77M
Operating CF Margin %
----------
Operating CF Growth %
-35.14%32.67%42.09%47.3%-114.08%-461.06%-156.7%-5.82%-42.55%5.08%
Net Income
-14.85M-11.91M-6.56M-4.63M-6.33M-32.38M-76.25M-97.22M-24.34M-106.03M
Depreciation & Amortization
58K68K69K58K22K534K1.3M1.53M1.13M829K
Stock-Based Compensation
4.33M2.97M2.39M1.3M988K1.76M2.07M4.59M16.29M19.95M
Deferred Taxes
000003.39M-8.12M000
Other Non-Cash Items
-8K-2K2.66M0-346K-3.39M8.12M0-108.18M0
Working Capital Changes
-1.77M635K-670K763K288K-104K-4.63M9.08M-1.83M1.48M
Change in Receivables
0000000000
Change in Inventory
0000000000
Change in Payables
-711K129K-130K159K458K6.21M-3.45M6.9M-2.92M-6.46M
Cash from Investing
-2.17M2.1M0-18K360K-22.21M-2.71M-414K-103K-137K
Capital Expenditures
-75K00-18K0-22.21M-2.71M-414K-103K-137K
CapEx % of Revenue
----------
Acquisitions
0000000000
Investments
----------
Other Investing
-2.09K2.1K00360K00000
Cash from Financing
-284K014.1M5.81M75.45M192.34M47.8M2.56M124.47M1.01M
Debt Issued (Net)
0000000000
Equity Issued (Net)
001000K1000K1000K1000K1000K1000K1000K1.01M
Dividends Paid
0000000000
Share Repurchases
000-60K000000
Other Financing
-284K000256K2.52M475K000
Net Change in Cash
-14.68M▲ 0%
-6.14M▲ 58.2%
9.33M▲ 252.0%
3.27M▼ 64.9%
70.42M▲ 2051.0%
139.93M▲ 98.7%
-32.42M▼ 123.2%
-79.88M▼ 146.4%
7.44M▲ 109.3%
-82.9M▲ 0%
Free Cash Flow
-12.31M▲ 0%
-8.24M▲ 33.1%
-4.77M▲ 42.1%
-2.53M▲ 46.9%
-5.38M▼ 112.6%
-52.41M▼ 873.8%
-80.23M▼ 53.1%
-82.44M▼ 2.8%
-117.03M▼ 42.0%
-83.91M▲ 0%
FCF Margin %
----------
FCF Growth %
-33.1%33.08%42.09%46.92%-112.56%-873.8%-53.07%-2.76%-41.96%-7.48%
FCF per Share
-1.89-1.26-0.45-0.15-0.21-1.33-2.00-1.97-2.51-1.74
FCF Conversion (FCF/Net Income)
0.82x0.69x0.73x0.54x0.85x0.93x1.02x0.84x4.80x0.79x
Interest Paid
0000000000
Taxes Paid
0000000000

SAVA Key Ratios

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

Metric201620172018201920202021202220232024TTM
Return on Equity (ROE)
-61.87%-84.07%-44.72%-22.2%-11.08%-18.71%-31.67%-53.27%-17.19%-95.77%
Return on Invested Capital (ROIC)
------250.25%-253.35%-369.66%-634.06%1553.23%
Debt / Equity
---0.00x0.00x0.00x0.00x--0.00x
FCF Conversion
0.82x0.69x0.73x0.54x0.85x0.93x1.02x0.84x4.80x0.79x
Related:SAVA Dividend History·SAVA Revenue History·SAVA Price History·SAVA P/E History·SAVA Financial Ratios·SAVA Institutional Holders

SAVA Frequently Asked Questions

Cassava Sciences, Inc. (SAVA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Cassava Sciences, Inc. (SAVA) grew revenue by 0.0% over the past year. Growth has been modest.

Cassava Sciences, Inc. (SAVA) reported a net loss of $106.0M for fiscal year 2024.

Dividend & Returns

Cassava Sciences, Inc. (SAVA) has a return on equity (ROE) of -17.2%. Negative ROE indicates the company is unprofitable.

Cassava Sciences, Inc. (SAVA) had negative free cash flow of $83.9M in fiscal year 2024, likely due to heavy capital investments.

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