Adicet Bio, Inc. ACET

Healthcare SIC 2834 - Pharmaceutical Preparations Nasdaq

We are a clinical stage biotechnology company discovering and developing allogeneic gamma delta T cell therapies for autoimmune diseases and cancer. We are advancing a pipeline of "off-the-shelf" gamma delta T cells, engineered with chimeric antigen receptors (CARs), to facilitate durable activity in patients.

Our approach to activate, engineer and manufacture allogeneic gamma delta T cell product candidates derived from the peripheral blood cells of unrelated donors allows us to generate new product candidates in a rapid and cost-efficient manner. Our allogeneic "off-the-shelf" manufacturing process is designed to allow product from unrelated donors to be stored and sold on demand to treat patients without inducing a graft versus host immune response. This is in contrast to products based on alpha beta T cells, which either must be manufactured for each patient from his or her own T cells, or require significant gene editing to manufacture if the T cells are derived from donors that are unrelated to the patient.

Last close 9.59 2026-09-04
Market cap $89.8M 2026-06-30 share count
52-week range 6.01 - 17.44

Valuation FY2025 figures against the last close

P/S
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-16.95

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
R&D $99.1M$99.3M$106.0M$71.2M$48.9M$34.3M$23.7M$14.7M$16.8M
SG&A $23.0M$28.3M$26.5M$26.3M$22.2M$22.8M$8.7M$8.4M$2.0M
Total operating expenses $122.1M$127.6M$152.0M$97.5M$71.2M$57.1M$32.4M$23.1M$18.9M
Operating income -$122.1M-$127.6M-$152.0M-$72.6M-$61.4M-$39.2M-$31.4M-$15.0M-$18.9M
Interest expense $36.0K$4.0K$25.0K$80.0K$176.0K$134.0K
Pre-tax income -$116.8M-$117.1M-$142.7M-$69.8M-$62.1M-$39.5M-$28.1M-$9.9M-$33.8M
Income tax $0$0$0$0$125.0K$2.8M$19.0K$589.0K$0
Net income -$116.8M-$117.1M-$142.7M-$69.8M-$62.0M-$36.7M-$28.1M-$9.3M-$33.8M
EPS, basic -16.95-21.33-3.31-1.70-2.00
EPS, diluted -16.95-21.33-3.31-1.70-2.00-5.01-13.15-4.78-8.42
Shares, diluted (wtd. avg.) $6.9M$5.5M$43.0M$41.1M$31.0M$7.3M$2.1M$2.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $38.9M$56.5M$159.7M$257.7M$277.7M$88.9M$14.9M$9.5M$36.9M$0
Short-term investments $0$10.3M$51.8M$0
Total current assets $160.9M$180.1M$162.3M$261.0M$282.4M$100.3M$64.2M$109.5M$55.2M
Property, plant and equipment $16.5M$22.5M$26.8M$28.7M$14.6M$2.8M$2.1M$321.0K$39.0K
Goodwill $0$19.5M$19.5M$20.1M
Other intangibles $0
Total assets $192.4M$220.2M$207.3M$330.7M$338.9M$153.8M$81.6M$109.9M$55.2M
Accounts payable $4.7M$4.8M$2.6M$4.4M$3.3M$1.6M$1.1M$3.0M$1.5M
Total current liabilities $21.5M$19.4M$19.3M$19.7M$16.3M$22.5M$14.9M$5.7M$5.5M
Total liabilities $33.1M$33.6M$37.1M$38.4M$35.8M$44.0M$27.9M$5.7M$5.5M
Retained earnings -$614.7M-$497.9M-$380.8M-$238.1M-$168.3M-$106.3M-$69.6M-$71.4M-$33.8M
Total equity $159.2M$186.6M$170.2M$292.3M$303.1M$109.8M-$60.4M-$33.5M-$26.9M$0

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$95.2M-$92.4M-$93.7M-$44.8M-$51.1M-$41.6M-$27.9M-$18.2M-$11.0M
Depreciation and amortisation $6.4M$6.5M$6.1M$100.0K$80.0K$5.0K
Stock-based compensation $14.3M$22.2M$20.3M$17.1M$12.5M$5.3M$1.2M$2.5M$470.0K
Capital expenditure $1.7M$1.1M$4.5M$16.8M$13.0M$990.0K$1.1M$876.0K$44.0K
Investing cash flow $2.4M-$119.2M-$4.5M-$16.8M-$2.8M$115.2M-$47.9M-$16.1M-$44.0K
Financing cash flow $75.2M$111.3M$236.0K$41.5M$242.7M$303.0K$76.9M$11.0M$64.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001720580-26-000042.

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