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Aardvark Therapeutics, Inc.
(NASDAQ:AARD)
Select Model
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Rating:47Neutral
Price Target:
$6.00
▼(-5.06% Downside)
Action:Reiterated
Date:07/14/26
Overall score is weighed down primarily by weak financial performance (pre-revenue with rapidly expanding losses and heavy cash burn) and a negative corporate event (FDA clinical hold on the lead program). Technical indicators are somewhat supportive in the near term, and low leverage/positive equity helps reduce balance-sheet risk, but valuation is constrained by ongoing losses.
Positive Factors
Low leverage and positive equity
Very low debt and materially positive equity provide durable financial flexibility, lowering bankruptcy risk and enabling the company to fund R&D or restructure without costly debt financing. This balance-sheet strength helps absorb near-term losses and supports strategic options over the next 2–6 months.
Negative Factors
Pre-revenue with rapidly widening losses
Being pre-revenue while losses accelerate signals that the business model depends entirely on successful clinical outcomes or external financing. Persistent negative operating results increase funding needs and dilution risk; without a commercial product, sustainable profitability remains distant absent structural change.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and positive equity
Very low debt and materially positive equity provide durable financial flexibility, lowering bankruptcy risk and enabling the company to fund R&D or restructure without costly debt financing. This balance-sheet strength helps absorb near-term losses and supports strategic options over the next 2–6 months.
Read all positive factors
Aardvark Therapeutics, Inc. (AARD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$144.44M
Dividend YieldN/A
Average Volume (3M)382.31K
Price to Earnings (P/E)―
Beta (1Y)2.33
Revenue GrowthN/A
EPS Growth-1.62%
CountryUS
Employees40
SectorGeneral
Sector StrengthN/A
IndustryBiotechnology
Share Statistics
EPS (TTM)-3.21
Shares Outstanding21,884,157
10 Day Avg. Volume240,671
30 Day Avg. Volume382,312
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)2.69
Price to Sales (P/S)0.00
P/FCF Ratio-5.28
Enterprise Value/Market Cap>-0.01
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$5.20Price Target Upside-17.72% Downside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)-3.61
Revenue Forecast (FY)N/A
Aardvark Therapeutics, Inc. Business Overview & Revenue Model
Company Description
Aardvark Therapeutics, Inc. is a biopharmaceutical firm in its clinical development phase, concentrating on developing small-molecule treatments. These therapies are designed to stimulate the body's natural regulatory systems (innate homeostatic p...
How the Company Makes Money
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Aardvark Therapeutics, Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -69.83M | -57.55M | -22.65M | -6.56M | -10.76M |
| Net Income | -69.87M | -57.59M | -20.59M | -7.21M | -13.56M |
Balance Sheet | |||||
| Total Assets | 98.59M | 117.18M | 77.51M | 10.54M | 16.76M |
| Cash, Cash Equivalents and Short-Term Investments | 91.20M | 110.03M | 73.66M | 9.99M | 16.11M |
| Total Debt | 336.00K | 441.00K | 779.00K | 162.00K | 262.00K |
| Total Liabilities | 11.60M | 10.55M | 132.15M | 45.34M | 44.68M |
| Stockholders Equity | 86.99M | 106.63M | -54.64M | -34.80M | -27.92M |
Cash Flow | |||||
| Free Cash Flow | -61.75M | -54.27M | -18.20M | -5.82M | -10.54M |
| Operating Cash Flow | -61.65M | -54.17M | -18.09M | -5.82M | -10.54M |
| Investing Cash Flow | 97.21M | -49.67M | -12.00M | 0.00 | -1.00M |
| Financing Cash Flow | 378.00K | 89.25M | 81.99M | 0.00 | 225.00K |
Aardvark Therapeutics, Inc. Risk Analysis
Aardvark Therapeutics, Inc. disclosed 89 risk factors in its most recent earnings report. Aardvark Therapeutics, Inc. reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Aardvark Therapeutics, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | $112.74M | -4.86 | -98.30% | ― | 309.60% | 72.33% | |
47 Neutral | $144.44M | -2.06 | -61.71% | ― | ― | -1.62% | |
45 Neutral | $149.53M | -1.56 | -30.90% | ― | ― | 10.70% | |
44 Neutral | $139.10M | -5.85 | -61.43% | ― | -100.00% | 18.25% | |
43 Neutral | $43.51M | -0.13 | 73.11% | ― | 6.33% | -102.63% | |
43 Neutral | $133.55M | -1.00 | 65.27% | ― | 4.43% | 27.41% |
* General Sector Average
AARD
Aardvark Therapeutics, Inc.
7.08
-5.42
-43.36%
KPTI
Karyopharm Therapeutics
1.97
-2.05
-51.00%
CUE
Cue Biopharma
26.87
4.01
17.54%
EQ
Equillium
2.20
1.64
290.76%
ADCT
ADC Therapeutics
1.05
-1.68
-61.54%
NKTX
Nkarta
2.15
0.03
1.42%
Aardvark Therapeutics, Inc. Corporate Events
Business Operations and StrategyExecutive/Board Changes
Aardvark Therapeutics Implements Executive Retention Bonus Agreements
Positive
Jun 12, 2026
On June 10, 2026, Aardvark Therapeutics, Inc. entered into a retention bonus agreement with its Chief Financial Officer and Chief Operating Officer, Nelson Sun, providing for a total cash retention bonus of $346,500, combining a guaranteed 2026 an...
Business Operations and StrategyFinancial DisclosuresLegal Proceedings
FDA Clinical Hold Halts Aardvark’s ARD-101 Late-Stage Program
Negative
May 14, 2026
On May 14, 2026, Aardvark Therapeutics said the U.S. Food and Drug Administration placed a full clinical hold on its investigational new drug application for ARD-101, following the company’s earlier voluntary pause. The hold affects all ongo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.