PepGen Inc. PEPG

Healthcare SIC 2834 - Pharmaceutical Preparations Nasdaq

PepGen Inc. (also referred to as "PepGen," "we," "our" or "us") is a clinical-stage biotechnology company advancing the next generation of oligonucleotide therapeutics with the goal of transforming the treatment of severe neuromuscular and neurologic diseases. Our proprietary Enhanced Delivery Oligonucleotide, or EDO, platform is founded on over a decade of research and development and leverages cell-penetrating peptides, or CPPs, to improve the uptake and activity of conjugated oligonucleotide therapeutics. Our EDO peptides are engineered to optimize tissue penetration, cellular uptake and nuclear delivery, and in preclinical studies, we have observed their ability to transport oligonucleotides into a broad range of target tissues, including smooth, skeletal, and cardiac muscle. In our clinical trials to date, our investigational therapies have demonstrated robust delivery and activity of oligonucleotides in skeletal muscle. Furthermore, the high levels of pharmacological activity observed across preclinical and clinical studies support our belief that our EDO platform technology has the potential to deliver therapeutic agents to the nucleus of the target cells, the site of action.

Last close 3.11 2026-09-04
Market cap $215.4M 2026-06-30 share count
52-week range 1.31 - 7.80

Valuation FY2025 figures against the last close

P/S
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-2.12

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
R&D $71.0M$76.5M$68.1M$54.1M$19.0M
SG&A $22.6M$21.3M$16.6M$14.2M$8.1M
Total operating expenses $93.6M$97.7M$84.8M$68.3M$27.1M
Operating income -$93.6M-$97.7M-$84.8M-$68.3M-$27.1M
Pre-tax income -$89.6M-$90.6M-$78.6M-$65.4M-$27.3M
Income tax $48.9K$617.0K$73.0K$3.7M$0
Net income -$89.7M-$90.0M-$78.6M-$69.1M-$27.3M
EPS, basic -2.12-2.85-3.30-4.42-30.27
EPS, diluted -2.12-2.85-3.30-4.42-30.27
Shares, diluted (wtd. avg.) $42.2M$31.6M$23.8M$15.6M$901.1K

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Cash and equivalents $60.5M$49.4M$80.8M$181.8M$132.9M
Short-term investments $87.9M$70.8M$29.6M$0
Total current assets $151.0M$123.8M$112.7M$186.1M$140.0M
Property, plant and equipment $1.9M$3.7M$4.8M$3.3M$636.0K
Total assets $173.9M$150.9M$143.1M$217.4M$143.6M
Accounts payable $822.0K$1.8M$1.0M$1.4M$3.2M
Total current liabilities $12.6M$16.7M$17.5M$18.8M$10.3M
Total liabilities $26.5M$32.3M$34.6M$37.8M$10.5M
Retained earnings -$361.1M-$271.5M-$181.5M-$102.9M-$33.8M
Total equity $147.4M$118.6M$108.4M$179.6M-$32.1M-$6.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Operating cash flow -$81.6M-$82.4M-$69.0M-$59.3M-$22.6M
Depreciation and amortisation $1.4M$1.5M$1.2M$500.0K$200.0K
Stock-based compensation $10.6M$11.5M$7.0M$4.8M$1.5M
Capital expenditure $264.0K$497.0K$2.6M$3.8M$500.0K
Investing cash flow -$15.2M-$37.7M-$32.0M-$3.8M-$500.0K
Financing cash flow $108.0M$88.7M-$189.0K$112.2M$147.7M

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 0001193125-26-091536.

Others in SIC 2834

TickerCompanyMarket capP/ERevenue growth
AKTX Akari Therapeutics Plc $1.79T
LLY ELI LILLY & Co $1.08T 50.1x 44.7%
JNJ JOHNSON & JOHNSON $663.28B 25.0x 6.0%
ONC BeOne Medicines Ltd. $529.55B 1,885.6x 40.2%
ABBV AbbVie Inc. $453.19B 108.7x 8.6%
MRK Merck & Co., Inc. $370.89B 20.6x 1.3%
ABT ABBOTT LABORATORIES $188.69B 29.1x 5.7%
PFE PFIZER INC $162.16B 20.9x -1.6%