ACLX - Arcellx, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$112.45
DETAILS
HIGH:
$120.00
LOW:
$82.00
MEDIAN:
$115.00
CONSENSUS:
$112.45
DOWNSIDE:
2.28%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 22.3 | 107.9 | 110.3 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 6.7 | 5.2 | 0 | 2.2 | 0 | 0 | 0.3 | 0 |
| Gross Profit | 15.6 | 102.7 | 110.3 | (2.2) | 0 | 0 | (0.3) | 0 |
| Operating Expenses | ||||||||
| R&D Expenses | 157.6 | 157.1 | 133.8 | 149.6 | 46.9 | 25.1 | 15.8 | 6.1 |
| SG&A Expenses | 117.8 | 88.4 | 66.3 | 41.7 | 18.1 | 7.0 | 2.2 | 2.2 |
| Other Expenses | (6.7) | (5.2) | 0 | (2.2) | 0 | (0.0) | 0 | 0 |
| Operating Expenses | 268.7 | 240.3 | 200.2 | 189.0 | 65.0 | 32.1 | 18.0 | 8.3 |
| Operating Income | ||||||||
| Operating Income | (253.1) | (137.6) | (89.9) | (191.3) | (65.0) | (32.1) | (18.0) | (8.3) |
| Interest Expense | 24.2 | 1.0 | 3.8 | 1.7 | 0.0 | 0 | 0 | 0 |
| Interest Income | 0 | 33.3 | 23.7 | 4.3 | 0.3 | 0.0 | 0 | 0 |
| Profitability | ||||||||
| EBITDA | (198.0) | (99.1) | (64.1) | (184.7) | (63.9) | (31.5) | (17.6) | (8.2) |
| EBIT | (204.6) | (104.2) | (66.2) | (187.0) | (65.0) | (32.1) | (18.0) | (8.3) |
| Income Before Tax | (228.9) | (105.3) | (70.0) | (188.7) | (65.0) | (32.1) | (18.0) | (8.3) |
| Income Tax Expense | 0.1 | 2.1 | 0.7 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (228.9) | (107.3) | (70.7) | (188.7) | (65.0) | (32.1) | (18.0) | (8.3) |
| Per Share Data | ||||||||
| EPS (Basic) | -4.07 | -2.00 | -1.47 | -4.28 | -1.94 | -1.47 | -0.52 | -50.17 |
| EPS (Diluted) | -4.07 | -2.00 | -1.47 | -4.28 | -1.94 | -1.47 | -0.52 | -50.17 |
| Shares Outstanding | 56.3 | 53.6 | 48.1 | 44.1 | 33.5 | 21.8 | 34.8 | 0.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 80.3 | 105.7 | 394.6 | 64.2 | 30.8 | 46.6 | 34.6 | 14.5 |
| Short-Term Investments | 370.1 | 481.7 | 307.4 | 190.7 | 73.8 | 0 | 0 | 0 |
| Net Receivables | 3.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 8.2 | 6.1 | 7.6 | 3.7 | 2.0 | 1.2 | 0.6 | 0.1 |
| Total Current Assets | 462.2 | 599.3 | 716.4 | 266.9 | 112.8 | 49.4 | 38.1 | 14.6 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 0 | 70.2 | 69.8 | 39.9 | 10.3 | 4.9 | 4.3 | 0.8 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 72.3 | 38.3 | 27.2 | 0 | 0 | 0.2 | 0 | 0 |
| Other Non-Current Assets | 69.5 | 3.5 | 11.8 | 7.1 | 5.7 | 3.2 | 1.2 | 0.4 |
| Total Non-Current Assets | 141.8 | 112.0 | 108.8 | 47.0 | 16.0 | 8.3 | 5.5 | 1.2 |
| Total Assets | 604.0 | 711.3 | 825.1 | 313.8 | 128.8 | 57.7 | 43.6 | 15.8 |
| Current Liabilities | ||||||||
| Account Payables | 5.6 | 2.1 | 2.6 | 9.1 | 1.3 | 0.5 | 1.7 | 1.1 |
| Short-Term Debt | 7.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 59.1 | 50.5 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 91.0 | 19.0 | 13.7 | 8.5 | 5.6 | 3.4 | 1.1 | 0.8 |
| Total Current Liabilities | 104.2 | 125.4 | 118.2 | 56.7 | 14.8 | 5.3 | 3.0 | 1.8 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 44.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | (44.3) | 8.6 | 0 | 0 | 235.5 | 1.9 | 73.3 | 0 |
| Total Non-Current Liabilities | 97.4 | 131.1 | 221.5 | 52.2 | 235.5 | 1.9 | 73.3 | 0 |
| Total Liabilities | 201.6 | 256.5 | 339.8 | 108.9 | 250.3 | 7.2 | 76.3 | 1.8 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (725.8) | (496.8) | (389.5) | (318.8) | (130.1) | (65.1) | (33.0) | (15.1) |
| Accumulated Other Comprehensive Income | 0.8 | 0.8 | 0.5 | (0.2) | (0.0) | 0 | 0 | 0 |
| Total Stockholders' Equity | 402.4 | 454.8 | 485.4 | 205.0 | (121.5) | 50.5 | (32.7) | 14.0 |
| Total Liabilities & Equity | 604.0 | 711.3 | 825.1 | 313.8 | 128.8 | 57.7 | 43.6 | 15.8 |
| Debt Metrics | ||||||||
| Total Debt | 96.3 | 54.1 | 97.6 | 88.1 | 0 | 0 | 0 | 0 |
| Net Debt | 16.0 | (51.6) | (297.0) | 24.0 | (30.8) | (46.6) | (34.6) | (14.5) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (228.9) | (107.3) | (70.7) | (188.7) | (65.0) | (32.1) | (18.0) | (8.3) |
| Depreciation & Amortization | (1.8) | 5.2 | 2.0 | 1.3 | 1.0 | 0.6 | 0.3 | 0.1 |
| Stock-Based Compensation | 77.9 | 61.1 | 41.8 | 21.5 | 6.8 | 1.1 | 0.1 | 0.1 |
| Change in Working Capital | (57.5) | (30.8) | 225.4 | 4.5 | 2.7 | 1.8 | (1.3) | 0.4 |
| Other Non-Cash Items | 0.0 | (11.6) | 9.0 | 62.1 | 0.2 | 0 | 0 | 0.9 |
| Operating Cash Flow | (210.3) | (83.5) | 207.6 | (99.3) | (54.2) | (28.7) | (18.8) | (6.9) |
| Investing Activities | ||||||||
| Capital Expenditure | (2.3) | (13.4) | (21.4) | (2.3) | (5.8) | (0.9) | (3.8) | (0.5) |
| Acquisitions | 0 | 0 | 0 | 115.4 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (407.0) | (597.3) | (442.4) | (273.7) | (74.2) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 495.6 | 427.7 | 309.3 | 158.3 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | (115.4) | 0 | 0 | 0 | 0 |
| Investing Cash Flow | 86.3 | (183.0) | (154.5) | (117.7) | (80.0) | (0.9) | (3.8) | (0.5) |
| Financing Activities | ||||||||
| Net Debt Issuance | (0.2) | (39.8) | (29.4) | (9.7) | (0.4) | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | (0.0) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (38.4) | 0 | 8.8 | 2.5 | (0.3) | (1.1) | 0.1 | 12.5 |
| Financing Cash Flow | 98.5 | (24.1) | 279.2 | 252.6 | 118.5 | 41.7 | 42.7 | 12.5 |
| Cash Position | ||||||||
| Net Change in Cash | (25.4) | (290.6) | 332.2 | 35.6 | (15.8) | 12.1 | 20.0 | 5.1 |
| Cash at Beginning | 108.3 | 398.9 | 66.7 | 31.0 | 46.8 | 34.7 | 14.6 | 9.5 |
| Cash at End | 82.9 | 108.3 | 398.9 | 66.7 | 31.0 | 46.8 | 34.7 | 14.6 |
| Free Cash Flow | (212.6) | (96.9) | 186.1 | (101.6) | (60.0) | (29.6) | (22.6) | (7.3) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 22.3 | 107.9 | 110.3 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 15.6 | 102.7 | 110.3 | (2.2) | 0 | 0 | (0.3) | 0 |
| Operating Income | (253.1) | (137.6) | (89.9) | (191.3) | (65.0) | (32.1) | (18.0) | (8.3) |
| Net Income | (228.9) | (107.3) | (70.7) | (188.7) | (65.0) | (32.1) | (18.0) | (8.3) |
| EPS (Diluted) | -4.07 | -2.00 | -1.47 | -4.28 | -1.94 | -1.47 | -0.52 | -50.17 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 80.3 | 105.7 | 394.6 | 64.2 | 30.8 | 46.6 | 34.6 | 14.5 |
| Total Assets | 604.0 | 711.3 | 825.1 | 313.8 | 128.8 | 57.7 | 43.6 | 15.8 |
| Total Debt | 96.3 | 54.1 | 97.6 | 88.1 | 0 | 0 | 0 | 0 |
| Stockholders' Equity | 402.4 | 454.8 | 485.4 | 205.0 | (121.5) | 50.5 | (32.7) | 14.0 |
| Cash Flow | ||||||||
| Operating Cash Flow | (210.3) | (83.5) | 207.6 | (99.3) | (54.2) | (28.7) | (18.8) | (6.9) |
| Capital Expenditure | (2.3) | (13.4) | (21.4) | (2.3) | (5.8) | (0.9) | (3.8) | (0.5) |
| Free Cash Flow | (212.6) | (96.9) | 186.1 | (101.6) | (60.0) | (29.6) | (22.6) | (7.3) |