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CAICaris Life Sciences, Inc.
$25.23$7.1B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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CAI logo

Caris Life Sciences, Inc.

CAI
NASDAQ · Diagnostics & Lab Testing
$25.23
At close - Nov 6, 4:00 PM EST - USD
Market Cap$7.13B
P/E77.5x
52W High$36.50
Volume10.24M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Revenue Scale-Up Yet Profitability Remains Elusive for Caris

Caris Life Sciences has grown revenue to $275.4M in 2026Q3, a 27.0% year-over-year rise, with gross margins holding near 66.2%, which suggests the diagnostics platform retains pricing power.

GrowthExpanding
ProfitabilityWeak
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

CAI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

+131% Peers

P/E is 131% above peer median

03

Market leadership

RS 88 · Leader

High momentum (Outperforming 88% of market)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Feb 4
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue rose to $275.4M in 2026Q3 with gross margin of 66.2%, but operating margin compressed to 7.0% as SG&A climbed to $129.1M, leaving operating income of only $19.3M despite strong top-line expansion.

Analyst Consensus+22.9% target
Buy(8 analysts)
7 Buy1 Hold0 Sell

The Bull Case

Upside Catalysts

Strong revenue growth

Caris Life Sciences reported a 97% year-over-year revenue increase, with Q4 revenue reaching US$292.9 million and trailing 12-month revenue at US$812.0 million.

Earnings growth potential

Expectations for earnings to grow about 70.5% per year, with profitability projected within three years, alongside a basic EPS of US$0.29 in Q4.

Genomic database advantage

The company leverages a proprietary genomic database, providing a competitive edge in diagnostics and anatomic pathology services.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CAI-6.49%
S&P 500 (^GSPC)+7.63%
1-Year Return
CAI+2.52%
S&P 500 (^GSPC)+9.69%
3-Year Return
CAI-9.89%
S&P 500 (^GSPC)+64.50%
5-Year Return
CAI-9.89%
S&P 500 (^GSPC)+52.46%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
77.5x
Forward P/E
209.6x
EV/EBITDA0th %ile
41.3x
FCF YieldCash Flow
0.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
77.5x
N/A
N/A
EV/EBITDA
41.3x
109.3x
0th· Low
Price/FCF
138.6x
116.9x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$17.23-31.7%
Base (Fair)$24.60-2.5%
Bull$29.49+16.9%
$17.23 Bear$24.60 Base$29.49 Bull
Current Market Price: $25.23
Trades at a 2.6% premium to Base DCF ($24.60)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$812M+97.0% YoY
Net income FY25
-$538M-90.8% YoY
Free cash flow FY25
$67M+126.4% YoY
Operating margin FY25
5.6%+67.9 pts YoY
ROIC (FY25)21.3%
Avg ROIC 5Y-10%
ROE (TTM)16%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 4, 2026
$0.05+77.7%
vs $0.03
$275M+7.8%
vs $255M
Q3 2026
Aug 5, 2026
-$0.00-139.2%
vs $0.01
$264M+10.8%
vs $238M
Q2 2026
May 7, 2026
-$0.00+91.0%
vs -$0.02
$216M+3.2%
vs $209M
Q1 2026
Feb 26, 2026
$0.28+2700.0%
vs $0.01
$293M+39.8%
vs $210M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·3d ago
Caris Life Sciences, Inc. (CAI) Q3 2026 Earnings Call Transcript

Caris Life Sciences, Inc. (CAI) Q3 2026 Earnings Call Transcript

MarketBeat·3d ago
Caris Life Sciences Q3 Earnings Call Highlights

Caris Life Sciences NASDAQ: CAI raised its full-year revenue outlook after third-quarter sales rose 27%, as growth in cancer-testing volumes accelerated for a second consecutive quarter. The company also reported lower quarterly profit as it increased spending on its sales force, marketing and new tests.

Zacks Investment Research·3d ago
Caris Life Sciences,?Inc. (CAI) Q3 Earnings and Revenues Top Estimates

Caris Life Sciences,?Inc. (CAI) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.08 per share a year ago.

PRNewsWire·3d ago
Caris Life Sciences Reports Third Quarter 2026 Financial Results and Increases 2026 Revenue Guidance

Revenue growth of 27% driven by strong performance in molecular profiling services, including approximately 61,500 clinical cases, consisting of over 358,000 total oncology tests Raises 2026 revenue guidance to $1.04 to $1.05 billion, representing growth of 28% to 29% IRVING, Texas, Nov. 4, 2026 /PRNewswire/ -- Caris Life Sciences, Inc. (Nasdaq: CAI), a leading TechBio company actively developing and commercializing solutions to transform healthcare, today reported financial results for the quarter ended September 30, 2026. Third Quarter 2026 Financial Highlights Reported total revenue of $275.4 million, an increase of 27% over the corresponding prior year period.

Filtered for Caris Life Sciences, Inc.More Headlines
04

Compare before deciding

Benchmark CAI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Caris Life Sciences, Inc. (CAI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CAI logoCAICaris Life Sciences, Inc.Current
$25.23$7.13B77.5196.97%9.16%16%—
ILMN logoILMNIllumina, Inc.
$213.13$32.25B36.67-0.78%19.72%31.45%—
NTRA logoNTRANatera, Inc.
$310.67$44.49B-271.7335.9%-5.66%-9.18%—
GH logoGHGuardant Health, Inc.
$150.87$20.01B-41.8132.88%-37.93%——
FDMT logoFDMT4D Molecular Therapeutics, Inc.
$12.25$640.38M-4.80—-194.74%-41.33%—
CDNA logoCDNACareDx, Inc
$78.56$4.06B33.5813.79%25.86%34.08%—

Compare CAI vs Peers

Caris Life Sciences, Inc. (CAI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ILMN

Most directly comparable listed peer for CAI.

Scale Benchmark

vs TMO

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

Peer Set

Compare Top 5

vs ILMN, NTRA, GH, FDMT

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CAI SEC Filings & Documents

Caris Life Sciences, Inc. (CAI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Nov 4, 2026·SEC

Material company update

Aug 5, 2026·SEC

Material company update

Jun 5, 2026·SEC

10-Q Quarterly Reports

5
FY 2026

Nov 4, 2026·SEC

FY 2026

Aug 5, 2026·SEC

FY 2026

May 8, 2026·SEC

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CAI Frequently Asked Questions

Caris Life Sciences, Inc. (CAI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Caris Life Sciences, Inc.'s revenue?

Caris Life Sciences, Inc. (CAI) reported $1.05B in revenue over the trailing twelve months. Revenue was $812.0M in fiscal year 2025. That is 1589% more than the $48.1M of fiscal year 2003.

How fast is Caris Life Sciences, Inc. growing?

Caris Life Sciences, Inc. (CAI) grew revenue by 61.5% over the trailing twelve months, compared with the twelve months before.

Is CAI profitable?

Yes. Caris Life Sciences, Inc. (CAI) earned $96.1M in net income over the trailing twelve months (a 9.2% net margin).

Dividend & Returns
What is CAI's return on equity?

Caris Life Sciences, Inc. (CAI) had a return on equity (ROE) of 16.0% over the trailing twelve months. That is above the market's typical 10-15%.

What is Caris Life Sciences, Inc.'s free cash flow?

Caris Life Sciences, Inc. (CAI) generated $51.4M in free cash flow over the trailing twelve months.

What if you invested $1,000 in CAI back in 2003?

Total return calculator · dividends reinvested · 23+ years of data

See returns →