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
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
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
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Earnings Calendar
Next Earnings
Estimated Q3 Release
Oct 19
Est. EPS
Adjusted consensus estimate
-$0.30
Analyst Consensus
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%