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AnaptysBio, Inc.

ANAB

Healthcare · 48.46 -3.6% today

Isolated · not yet confirmedMarket checked 1 Oct, 15:40 GMT-4

Market read

No connected market move is active around AnaptysBio, Inc..

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 18 directly disclosed connections are confirming.

Revenue YoY+157.0%2025-12-31
Operating margin20.4%+146.3 pts YoY
Company-3.6% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • R&D spending declined as clinical expenses fell, while salaries and related expenses increased, changing the current pipeline spending mix.
  • Legal expense increased because of the GSK lawsuit and business separation activity, weighing on general and administrative costs.

Invalidation: The isolated read changes if ANAB's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Biotechnology

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 18 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • R&D spending declined as clinical expenses fell, while salaries and related expenses increased, changing the current pipeline spending mix.
  • Legal expense increased because of the GSK lawsuit and business separation activity, weighing on general and administrative costs.

Company research

Understand the business, not just the ticker

As of Oct 1, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations333
Usable filing statements26
Verified relationships13
Evidence supporting the case
  • Latest annual revenue changed +157.0% year over year.
  • Operating margin changed +146.3 percentage points in the latest annual period.
  • Net margin changed +153.5 percentage points in the latest annual period.
Evidence challenging the case
  • Product pipeline and R&D has repeated adverse evidence across 4 filings.
  • Credit and interest rates has repeated adverse evidence across 3 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 30, 2026

50.26
6m-22.4%12m+153.7%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$63.2M-15.8%$-2.11+0.5%
2022-12-31$10.3M-83.7%$-4.57+2.7%
2023-12-31$17.2M+66.8%$-6.08-4.4%
2024-12-31$91.3M+432.0%$-5.12+5.4%
2025-12-31$234.6M+157.0%$-0.46+1.3%

What management says matters

Persistent and emerging business drivers

Product pipeline and R&Dnegative · 4 filings
“24 Research and Development Expenses Research and development expenses were $34.0 million during the three months ended March 31, 2026 compared to $41.2 million during the three months ended March 31, 2025, for a decrease of $7.2 million, primarily due to a $…”
10-Q · May 12, 2026 ↗
Credit and interest ratesmixed · 3 filings
“Net cash used in operating activities during the three months ended March 31, 2025 was $10.7 million, primarily due to our net loss of $39.3 million, adjusted for addbacks for non-cash expenses of $26.2 million, which includes stock-based compensation, amorti…”
10-Q · May 12, 2026 ↗

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

48.46-3.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:40 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for ANAB. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for ANAB. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind ANAB

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

VNDAVanda Pharmaceuticals Inc.partnerMay 12, 2026 ▾

“Vanda Collaboration On January 31, 2025, we entered into an Exclusive License Agreement (the “Vanda License Agreement”) with Vanda pursuant to which we granted to Vanda an exclusive, global license for the development and commercialization of imsidolimab (IL-…”

ABBVAbbVie Inc.competitorMar 3, 2026 ▾

“Our commercial-stage competitors in moderate-to-severe rheumatoid arthritis include monoclonal antibodies targeting anti-TNF (Humira; Abbvie), IL-6 (Actemra; Roche and Kevzara; Regeneron), CD-80/86 (Orencia; BMS), CD-20 (Rituxan; Roche), and janus kinase inhi…”

Depended on by

VNDAVanda Pharmaceuticals Inc.partnerMay 7, 2026 ▾

“The three months ended March 31, 2025 included an upfront payment to AnaptysBio, Inc.”

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 15 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

ANAB is currently a Follower in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for ANAB; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.