APLS Stock - Apellis Pharmaceuticals, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $781.37M | $396.59M | $75.42M | $66.56M | $250.65M |
| Gross Profit | $663.64M | $338.08M | $69.79M | $61.36M | $225.60M |
| Gross Margin | 84.9% | 85.2% | 92.5% | 92.2% | 90.0% |
| Operating Income | $-164,979,000 | $-517,121,000 | $-594,613,000 | $-536,277,000 | $-213,726,000 |
| Net Income | $-197,878,000 | $-528,628,000 | $-652,172,000 | $-746,354,000 | $-344,874,000 |
| Net Margin | -25.3% | -133.3% | -864.7% | -1121.3% | -137.6% |
| EPS | $-1.60 | $-4.45 | $-6.15 | $-8.84 | $-4.59 |
Apellis Pharmaceuticals, Inc., a commercial-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic compounds through the inhibition of the complement system for autoimmune and inflammatory diseases. The company's lead product candidate is pegcetacoplan that is in Phase III clinical trials for the treatment of geographic atrophy (GA) in age-related macular degeneration and paroxysmal nocturnal hemoglobinuria (PNH) diseases. It also develops EMPAVELI (systemic pegcetacoplan) for the treatment of cold agglutinin disease (CAD), and hematopoietic stem cell transplantation-associated thrombotic microangiopathy (HSCT-TMA) in hematology; C3 glomerulopathy (C3G), and immune complex membranoproliferative glomerulonephritis (IC-MPGN) in nephrology; and amyotrophic lateral sclerosis (ALS) in neurology. In addition, the company develops APL-2006, a bispecific C3 and VEGF inhibitor for treating complement-mediated disorders; APL-1030, a C3 inhibitor for the treatment of multiple neurodegenerative diseases; and the combination of EMPAVELI and a small interfering RNA, or siRNA for reducing the production of C3 proteins by the liver. It has a collaboration and license agreement with Swedish Orphan Biovitrum AB (publ) to co-develop pegcetacoplan; and a research collaboration with Beam Therapeutics Inc. focused on the use of Beam's base editing technology to discover new treatments for complement-driven diseases. Apellis Pharmaceuticals, Inc. was incorporated in 2009 and is based in Waltham, Massachusetts.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 6th 2025 | Wolfe Research | Initiation | Peer Perform | - |
| October 15th 2025 | Wells Fargo | Initiation | Overweight | $32 |
| September 26th 2025 | Goldman | Downgrade | Sell | $18 |
| May 9th 2025 | Raymond James | Downgrade | Outperform | $52 |
| May 9th 2025 | BofA Securities | Downgrade | Neutral | $23 |
| April 29th 2025 | Cantor Fitzgerald | Initiation | Overweight | $44 |
| December 17th 2024 | Goldman | Downgrade | Neutral | $36 |
| November 21st 2024 | Morgan Stanley | Initiation | Equal Weight | $31 |
| October 25th 2024 | RBC Capital Mkts | Initiation | Sector Perform | $25 |
| October 16th 2024 | Scotiabank | Initiation | Sector Outperform | - |
| October 16th 2024 | William Blair | Initiation | Outperform | - |
| May 31st 2024 | Piper Sandler | Initiation | Neutral | $46 |
| February 5th 2024 | Jefferies | Upgrade | Buy | $80← $68 |
| December 14th 2023 | Wells Fargo | Downgrade | Equal Weight | - |
| November 9th 2023 | Goldman | Initiation | Buy | $74 |
Earnings History & Surprises
APLSEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 27, 2026 | $-0.41 | — | — | — |
Q4 2025 | Oct 30, 2025 | $1.03 | $1.67 | +62.1% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $-0.44 | $-0.33 | +25.0% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $-0.36 | $-0.74 | -105.6% | ✗ MISS |
Q1 2025 | Feb 28, 2025 | $-0.37 | $-0.29 | +21.6% | ✓ BEAT |
Q4 2024 | Nov 5, 2024 | $-0.32 | $-0.46 | -43.8% | ✗ MISS |
Q3 2024 | Aug 1, 2024 | $-0.33 | $-0.28 | +15.2% | ✓ BEAT |
Q2 2024 | May 7, 2024 | $-0.54 | $-0.54 | 0.0% | = MET |
Q1 2024 | Feb 27, 2024 | $-0.66 | $-0.73 | -10.6% | ✗ MISS |
Q4 2023 | Nov 1, 2023 | $-0.84 | $-1.17 | -39.3% | ✗ MISS |
Q3 2023 | Jul 31, 2023 | $-1.35 | $-1.02 | +24.4% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $-1.42 | $-1.56 | -9.9% | ✗ MISS |
Q1 2023 | Feb 21, 2023 | $-1.65 | $-1.50 | +9.1% | ✓ BEAT |
Q4 2022 | Nov 7, 2022 | $-1.48 | $-1.75 | -18.2% | ✗ MISS |
Q3 2022 | Aug 8, 2022 | $-1.43 | $-1.46 | -2.1% | ✗ MISS |
Q2 2022 | May 4, 2022 | $-1.36 | $-1.42 | -4.4% | ✗ MISS |
Q1 2022 | Feb 28, 2022 | $-1.32 | $-1.61 | -22.0% | ✗ MISS |
Q4 2021 | Nov 8, 2021 | $-1.73 | $-2.28 | -31.8% | ✗ MISS |
Q3 2021 | Aug 9, 2021 | $-1.70 | $-2.72 | -60.0% | ✗ MISS |
Latest News
Stifel Maintains Buy on Apellis Pharmaceuticals, Lowers Price Target to $48
➖ NeutralApellis Pharmaceuticals Announces The The New England Journal of Medicine Published Phase 3 VALIANT Results For EMPAVELI In C3G And IC-MPGN Patients; Reports Robust And Clinically Meaningful Benefits Across All Three Key Markers Of Disease, 68% Reduction In Proteinuria, Stabilization Of Kidney Function, And Substantial Clearance Of C3 Deposits
📈 PositiveApellis Pharmaceuticals Data From GALE Extension Trial Of SYFOVRE Demonstrates Delayed Geographic Atrophy Lesion Growth By ~1.5 Years In Patients With Nonsubfoveal GA
📈 PositiveWolfe Research Initiates Coverage On Apellis Pharmaceuticals with Peer Perform Rating
➖ NeutralJP Morgan Maintains Overweight on Apellis Pharmaceuticals, Lowers Price Target to $36
➖ NeutralMizuho Maintains Neutral on Apellis Pharmaceuticals, Lowers Price Target to $19
➖ NeutralCitigroup Maintains Buy on Apellis Pharmaceuticals, Lowers Price Target to $45
➖ NeutralTD Cowen Maintains Buy on Apellis Pharmaceuticals, Lowers Price Target to $45
➖ NeutralBaird Maintains Outperform on Apellis Pharmaceuticals, Raises Price Target to $52
📈 PositiveHC Wainwright & Co. Maintains Buy on Apellis Pharmaceuticals, Lowers Price Target to $45
➖ NeutralApellis Pharmaceuticals shares are trading lower. The company reported Q3 financial results.
📉 NegativeApellis Pharmaceuticals Q3 EPS $1.67 Beats $0.92 Estimate, Sales $458.578M Beat $406.678M Estimate
📈 PositiveApellis Highlights New Phase 3 Data Showing EMPAVELI Sustains Kidney Function And Proteinuria Reduction In Rare Kidney Diseases
📈 PositiveApellis Pharmaceuticals shares are trading higher after Wells Fargo upgraded the stock from Equal-Weight to Overweight and raised its price target from $29 to $32.
📈 PositiveWells Fargo Upgrades Apellis Pharmaceuticals to Overweight, Raises Price Target to $32
📈 PositiveGoldman Sachs Downgrades Apellis Pharmaceuticals to Sell, Lowers Price Target to $18
📉 NegativeFrequently Asked Questions about APLS
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