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Summit Therapeutics Inc

SMMT

NASDAQ

Biotechnology

$13.35

USD

-0.65 (-4.64%)

At close: Aug 14, 2026, 4:00 PM EDT

Market Cap $11.34B

Volume 9.7M

Price (USD)
Price (USD)

About Summit Therapeutics Inc

Summit Therapeutics, Inc. is a biopharmaceutical company, that focuses on the discovery, development, and commercialization of patient, physician, caregiver, and societal-friendly medicinal therapies intended to improve quality of life, increase potential duration of life, and resolve serious unmet medical needs. The company is headquartered in Miami, Florida and currently employs 265 full-time employees. The company went IPO on 2004-10-14. Its lead development candidate is ivonescimab, a novel, potential first-in-class bispecific antibody intending to combine the effects of immunotherapy via a blockade of PD-1 with the anti-angiogenesis effects of an anti-VEGF compound into a single molecule. Ivonescimab is being developed by both Akeso and the Company in multiple Phase III clinical trials. The company is also developing ivonescimab in non-small cell lung cancer and other solid tumor settings. Ivonescimab is approved in China in combination with chemotherapy for patients with EGFR-mutated non-small cell lung cancer whose tumors have progressed following an EGFR-TKI based on the results of the HARMONi-A clinical trial.

CEO

Mr. Robert Duggan

HQ

Miami, FLORIDA, US

Founded

2004

Employees

265

Key Metrics

2 metrics our research team weighs before forming a view on SMMT.

Based on Quantli research · SEC filings · as of Q2 2026

METRIC

VALUE

CHANGE

TREND (3Y)

ROE (TTM)

-135.9%

+151.7 pp

Free Cash Flow (TTM)

$-459.82M

Financial Snapshot

Full Financials

Revenue

$0

YoY

Gross Margin

YoY

Net Income

$-856.09M

-14.7%

YoY

Operating Cash Flow

$-458.43M

-121.6%

YoY

Key Statistics

Open

$13.61

Previous Close

$14.00

Day Range

$12.99 - $13.71

52 Week Range

$12.25 - $30.05

Volume

9.7M

Average Volume (10 Days)

3.5M

Dividend Yield

Valuation Measurement

Market Cap

$11.34B

P/E Ratio (TTM)

Price / Book

17.99

Financial Highlights

Return on Assets

-113.8%

Return on Equity

-135.9%

Revenue (TTM)

$0

Net Income (TTM)

$-856.09M

Diluted EPS (TTM)

-$1.12

Total Cash (MRQ)

$419.37M

Levered FCF (TTM)

$-459.82M

Turn research into action

Knowing a stock is strong is the start. Knowing how to invest in it when you spot good research is good returns.

Swing Strategy

Buy support, sell on recovery.

Best for:

Risk-tolerant

Position Strategy

Ride market cycles. Patient hold.

Best for:

Patient investors

Trend Following

Enter on trend. Cut losses fast.

Best for:

Active traders

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Earnings Calendar

Next Earnings

Estimated Q3 Release

Oct 19

Est. EPS

Adjusted consensus estimate

-$0.30

Analyst Consensus

Sell

Based on 1 analyst ratings

Avg Target: $7.70

(-42.3% upside)

High: $7.70 · Low: $7.70

Strong Buy

0%

Buy

0%

Hold

0%

Sell

100%

Strong Sell

0%

View full analyst ratings