The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

XBRANE.ST

Concerning the House

Xbrane Biopharma AB (publ), a biotechnology company, engages in the development, manufacture, and sale of biosimilars. It offers Ximluci, a ranibizumab biosimilar used for the treatment of various eye diseases, including wet form of age-related macular degeneration, diabetic macular edema, diabetic retinopathy, retinal vein occlusion, and visual impairment due to cordial neovascularization in adults. The company also develops its pre-clinical phase products, such as Xdivane, a cell death 1 protein (PD1) inhibitor nivolumab biosimilar, indicated for melanoma, lung cancer, kidney cell cancer, head and neck cancer, and bladder and urinary tract cancer; and Xdarzane, a daratumumab biosimilar targeting CD38 for the treatment of multiple myeloma. The company has a strategic partnership with JOINN Biologics US Inc. to provide customized development services for Xdarzane, Xbrane´s biosimilar candidate referencing Darzalex. The company was incorporated in 2008 and is headquartered in Solna, Sweden.

Sweden · www.xbrane.com

The Ledger
LineDec 2024Mar 2025Jun 2025Dec 2025
Revenue$65.90M$93.24M$39.90M$9.10M
Gross profit$61.11M$52.94M$39.91M$1.68M
Operating income$8.91M$27.66M-$7.71M-$24.66M
Net income-$53.20M$8.16M$169.59M-$26.48M
Diluted EPS-0.030.010.11-0.06
Free cash flow$76.61M-$92.66M-$113.99M-$67.56M
CapEx-$17.30M-$24.02M-$48.93M
Quotation

$9.72

+0.14 (+1.5%)

52w hi$36.78
52w lo$5.66
Vol24.56K
As ofAug 13
The Verdict

Hold

Our score +0.13

Short-0.10
Medium+0.24
Long+0.36

computed 2026-08-13

By the Numbers

Xbrane Biopharma AB (publ)

Healthcare · Biotechnology

Market cap$196.99M
Enterprise value$214.50M
Trailing P/E
Forward P/E478.00x
EV / EBITDA-3.50x
P / S (ttm)2.36x
Profit margin-90.0%
Return on equity-16.0%
Revenue growth+17.1%
Earnings growth
Debt / equity11.82
Risk Metrics
Beta vs SPX0.42
Corr SPX0.07
Annual vol95.6%
Annual ret+4.0%
Sharpe0.04
Max DD-84.7%

Window: 504 trading days (490 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.27
Sector+0.12
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$9.72$9.76$9.4424.56K
Aug 12$9.58$9.84$9.56$9.7221.35K
Aug 11$10.15$10.15$9.50$9.5839.88K
Aug 10$10.05$10.15$9.96$10.1510.67K
Aug 7$9.98$10.10$9.86$10.0020.76K