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Nasdaq · Healthcare

ASSEMBLY BIOSCIENCES, INC. (ASMB)

As-reported financials and SEC filings for ASSEMBLY BIOSCIENCES, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ASSEMBLY BIOSCIENCES, INC.

Assembly Biosciences, Inc. is a biotechnology company that develops therapeutics targeting serious viral diseases. Its main products include clinical-stage investigational therapies for recurrent genital herpes, hepatitis delta virus, hepatitis B virus, and transplant-associated herpesviruses. The company serves patients worldwide by advancing antiviral drugs through research, development, and collaboration with partners such as Gilead Sciences.

Snapshot

Revenue
$72.3M
Revenue growth (YoY)
153.5%
Net income
$-6.1M
Diluted EPS
$-0.55
Gross margin
Operating margin
-16.8%
Net margin
-8.5%
FCF margin
-56.9%
ROE
-3.0%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$716.3M
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Assembly Biosciences

  • Revenue grew 153.5% to $72M in FY2025, slower than the 298.2% the year before.
  • Operating margin is -16.8% in FY2025, +2104.9 pp against -2121.7% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $13M, up 38.9% from Q2 FY2025.
  • Free cash flow was negative $41M in FY2025.
  • Net loss narrowed to $6M in FY2025, from $40M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Assembly Biosciences’s fundamentals sit among the 198 pharmaceutical companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin-16.8%
30th percentile of 113
Net margin-8.5%
36th percentile of 122
FCF margin-56.9%
8th percentile of 110
Revenue growth (YoY)+153.5%
87th percentile of 187
ROE-3.0%
67th percentile of 167
Short interest10.05d
75th percentile of 197

Assembly Biosciences’s FCF margin of -56.9% ranks in the 8th percentile of the 110 pharmaceutical companies reporting it. Assembly Biosciences’s revenue growth of +153.5% ranks in the 87th percentile of the 187 pharmaceutical companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $674. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+5 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
1
1 trimmed, 0 exited
Combined position
$25.1M
reported long value
InvestorAs ofPosition valueSharesChange
Point72 Asset ManagementquantQ2 2026$12.7M460.6KAdded
Millennium ManagementquantQ2 2026$8.2M298.8KAdded
Citadel AdvisorsquantQ2 2026$2.6M95.9KAdded
Renaissance TechnologiesquantQ2 2026$1.1M39.4KAdded
Two Sigma InvestmentsquantQ2 2026$490,73817.9KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$674
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-17
filed 2026-06-18
Bjorkquist Jeanette MPFO and PAOSell29$23.25$674

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.3M
settled 2026-08-14
Change vs prior
-0.9%
vs previous settlement
Days to cover
10.05
at avg daily volume
Avg daily volume
230.4K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.3M-0.9%10.05
2026-07-312.3M+1.0%15.82
2026-07-152.3M-4.0%14.70
2026-06-302.4M+29.1%6.59
2026-06-151.9M+10.8%9.41
2026-05-291.7M+9.1%7.53
2026-05-151.5M-0.9%9.42
2026-04-301.6M+1.7%15.49

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$72.3M$28.5M$7.2M$0$6.3M
Gross profit
Operating income$-12.1M$-45.4M$-64.6M$-94.1M$-132.7M
Net income$-6.1M$-40.2M$-61.2M$-93.1M$-129.9M
Diluted EPS$-0.55$-6.69$-13.38$-23.08$-33.00

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$58.5M$38.3M$19.8M$52.4M$45.6M
Current assets$254.5M$115.5M$133.8M$97.0M$154.2M
Total assets$257.6M$119.2M$136.8M$101.8M$191.1M
Current liabilities$48.8M$47.8M$39.2M$16.3M$16.1M
Long-term debt
Total liabilities$50.8M$85.8M$95.7M$19.1M$22.1M
Total equity$206.8M$33.4M$41.1M$82.7M$168.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-41.1M$-51.1M$22.7M$-84.5M$-93.4M
Capital expenditure$66,000$28,000$255,000$102,000$3.1M
Free cash flow$-41.2M$-51.1M$22.5M$-84.6M$-96.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$13.4M38.9%$-3.9M$-0.20
Q1 FY2026$8.2M-12.8%$-9.1M$-0.54
Q4 FY2025$42.5M477.3%$22.1M$1.31
Q3 FY2025$10.8M57.6%$-9.2M$-0.72
Q2 FY2025$9.6M12.8%$-10.2M
Q1 FY2025$9.4M62.8%$-8.8M
Q4 FY2024$7.4M$-10.3M
Q3 FY2024$6.8M$-9.6M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryPharmaceutical Preparations
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2008
SEC CIK1426800

Selected SEC filings

10-K2026-03-19
View on EDGAR →
10-Q2026-08-13
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K/A2026-08-14
View on EDGAR →
8-K2026-08-13
View on EDGAR →
8-K2026-06-05
View on EDGAR →
8-K2026-05-26
View on EDGAR →

Largest pharmaceutical peers

All pharmaceutical stocksAll Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.