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Summit Therapeutics Inc.

SMMT

Healthcare · 17.56 +3.3% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Summit Therapeutics Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company+3.3% todayVolume comparison unavailable
Market group0 of 37 activeBiotechnology · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • Quarterly and YTD increases in clinical-trial spending for HARMONi-3, HARMONi-7 and HARMONi-GI3 driven by higher enrollment and related materials purchases.
  • Newly disclosed clinical trial collaboration with Arcus to evaluate ivonescimab plus casdatifan in clear cell renal cell carcinoma.

Invalidation: The isolated read changes if SMMT'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 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 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
  • Quarterly and YTD increases in clinical-trial spending for HARMONi-3, HARMONi-7 and HARMONi-GI3 driven by higher enrollment and related materials purchases.
  • Newly disclosed clinical trial collaboration with Arcus to evaluate ivonescimab plus casdatifan in clear cell renal cell carcinoma.

Company research

Understand the business, not just the ticker

As of Sep 12, 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 periods7
Price observations328
Usable filing statements86
Verified relationships3
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Diluted shares increased 16.0% in the latest annual period.
  • 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 11, 2026

17.56
6m+13.6%12m-0.3%24m
Annual trajectory

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

PeriodRevenueYoYDiluted EPSShare change
2020-12-31$860,000+15.7%$-0.76
2021-12-31$1.8M+110.3%$-0.67
2022-12-31$705,000-61.0%$-0.41+46.8%
2023-12-31$0-100.0%$-0.99
2024-12-31$0$-0.31+16.0%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 3 filings
Interest Expense Interest expense decreased for the year ending December 31, 2025 compared to the same period in the prior year, due to the repayment in full of the promissory note in October 2024.
10-K · Feb 23, 2026
Product pipeline and R&Dmixed · 3 filings
The increase in internal research and development expenses was primarily driven by a $20.3 million increase in stock-based compensation expense as a result of the modification to our performance-based stock option awards during the second quarter of 2025 and…
10-Q · Apr 30, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales · EV/sales . Comparisons use only industry-matched filing peers.

Scenario scaffold

No usable price/earnings or price/sales multiple (need a fresh price).

Price action

How the market is pricing the story

17.56+3.3% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 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 SMMT. 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 SMMT. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind SMMT

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

Depends on

RVMDRevolution Medicines, Inc.partnerApr 30, 2026

Other Collaboration Agreements 22 In June 2025, the Company entered into a clinical trial collaboration with Revolution Medicines Inc.

Depended on by

CBIOCrescent Biopharma, Inc.competitorApr 29, 2026

We compete with a variety of multinational biopharmaceutical companies, specialized biotechnology companies and emerging biotechnology companies, including Merck, Bristol Myers Squibb, Genentech, AstraZeneca, Summit Therapeutics Inc., BioNTech SE, LaNova Medi…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

SMMT is currently a Follower in the organic co-movement group Biotechnology. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 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 SMMT; 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.