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Replimune Group (REPL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Replimune Group
NasdaqGS•Healthcare•Biotechnology
$17.39+1.33(0.08%)Pre-market
Market Cap
$2.05B
P/B
10.0x

Replimune Group, Inc., a clinical-stage biotechnology company, focuses on the development and commercialization of oncolytic immunotherapies to treat cancer in the United States and the United Kingdom. The company's proprietary oncolytic immunotherapy product candidates are designed and intended to activate the immune system against cancer. Its lead product candidate is RP1, a selectively replicating version of HSV-1 that expresses GALV-GP R(-) and human GM-CSF for a range of solid tumors. The company is also developing RP2 that expresses an anti-CTLA-4 antibody-like protein to block the inhibition of the immune response otherwise caused by CTLA-4. The company was founded in 2015 and is headquartered in Woburn, Massachusetts.

C

How this company scores

AverageMetricSide Score: 45/100

Strongest: Balance Sheet & Red Flags (16/25); weakest: Growth (6/25).

Profitability15/25
Growth6/25
Balance Sheet & Red Flags16/25
Cash & Earnings Quality8/25
Strengths
Low leverageProfit converts from growthNet cash positionImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/B · 10.0x5y range 1.3x – 10.3x
P/B 10.0x · above its 20-quarter median

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $2.05B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$0
Q. Revenue
$0
TTM EBITDA
$-266.34M
3Q
TTM Op. Income
$-269.73M
3Q
Q. Op. Income
$-56.28M
2Q
TTM Net Income
$-271.03M
3Q
Q. Net Income
$-57.12M
2Q
EPS
$-0.54
6Q
Shares Out.
$105.18M
6Q
$0 in TTM revenue was flat at zero YoY, reaching $0 last quarter. TTM EBITDA of $-266.34M and TTM operating income of $-269.73M show growth is flowing through to the bottom line. However, net income is negative at $271.03M — growth is not yet reaching the bottom line.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
N/A
Op. Margin
-5628100000.0%
2Q
Net Margin
-5712100000.0%
2Q
Op. margin of -5628100000.0% is up 2801000000.0% YoY — cost efficiency is improving. Net margin at -5712100000.0% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
N/A
P/B Ratio
10.0x
561%
P/S of 0.0x and P/B of 10.0x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$373.94M
4%
Cash
$307.83M
201%
Long-Term Debt
$99.77M
7Q
Book Value
$204.78M
22%
D/E Ratio
0.5
172%
Debt/EBITDA
N/A
With $373.94M in assets and $99.77M in long-term debt, D/E is 0.5and book value is $204.78M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 172% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-47.70M
41%
TTM Free Cash Flow
$-245.77M
2Q
FCF Margin
N/A
FCF / Net Income
0.9
4%
TTM FCF of $-245.77M on $-47.70M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.

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Leverage Risk

Watch

Debt-to-equity has risen 171.8% recently — increasing financial risk even if the current ratio is manageable.

Cash Burn

Red Flag

The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Share Dilution

Red Flag

Shares outstanding increased 26.0% — significant dilution, likely from stock compensation or capital raises.