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Argent Biopharma (AU:RGT)
ASX:RGT

Argent Biopharma (RGT) AI Stock Analysis

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AU:RGT

Argent Biopharma

(Sydney:RGT)

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Underperform 40 (OpenAI - 5.2)
Rating:40Underperform
Price Target:
AU$0.05
▼(-36.25% Downside)
The score is primarily constrained by weak financial performance (contracting revenue, deep losses, negative equity, and sustained cash burn). Technicals are also unfavorable with the price below longer-term moving averages and a negative MACD. Valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Improving gross margin (2025)
A material gross margin improvement in 2025 indicates the business achieved better product mix or pricing power, which is a durable driver of profitability if sustained. Higher gross margins improve the ability to cover fixed costs and shorten the path to operating leverage as revenue stabilizes.
Less-negative free cash flow trend
The reduction in negative free cash flow in 2025 suggests management has begun to rein in cash burn or improve working-capital dynamics. If this trend continues, it meaningfully reduces dependence on external financing and extends runway, supporting a more durable capital structure over months.
Positive EPS growth trend
Reported EPS growth of ~40.7% signals improving per-share profitability metrics, which can reflect operational improvements or reduced dilution. Sustained EPS growth over multiple periods would indicate improving conversion of revenue to shareholder returns and better unit economics.
Negative Factors
Negative shareholders' equity
Negative equity across multiple years is a structural balance-sheet weakness that erodes financial flexibility, limits borrowing options, and heightens insolvency risk. It forces reliance on external capital and makes funding operating needs more difficult over a 2–6 month horizon without corrective action.
Persistent cash burn
Consistent, material negative free cash flow demonstrates the business cannot self-fund operations and requires ongoing financing. Over several months this elevates refinancing and dilution risk, constrains strategic investments, and puts pressure on liquidity if external capital is scarce.
Sharp revenue contraction and deep losses
Severe multi-year revenue declines coupled with large operating losses indicate a shrinking scale that undermines fixed-cost absorption. This structural deterioration reduces the effectiveness of margin improvements and makes achieving sustainable profitability more challenging absent a clear revenue recovery.

Argent Biopharma (RGT) vs. iShares MSCI Australia ETF (EWA)

Argent Biopharma Business Overview & Revenue Model

Company DescriptionArgent BioPharma Limited, a clinical-stage biopharmaceutical company, develops nano-engineered therapeutics that reset the balance between the nervous and immune systems in Malta, Slovenia, Australia, and internationally. The company's principal product candidates include CimetrA, which is in phase III clinical trial for the treatment of acute lung injury and ARDS; CannEpil, which is in phase I clinical trial for refractory epilepsy; and CogniCann, which is in phase IIA clinical trial for the symptomatic relief of Dementia and Alzheimer's. It is also involved in the preclinical development of Irnican for the treatment of Glioblastoma Multiforme; and R&D, which focuses on wound treatment. The company has collaborated with SINTEF to enhance antimicrobial therapies for chronic wounds and potential oncologic wound care. The company was formerly known as MGC Pharmaceuticals Limited and changed its name to Argent BioPharma Limited. Argent BioPharma Limited was founded in 2014 and is based in Subiaco, Australia.
How the Company Makes Money

Argent Biopharma Financial Statement Overview

Summary
Financial statements indicate severe pressure: sharply contracting revenue, persistent large losses, negative shareholders’ equity, and consistently material negative free cash flow. Improvements in 2025 gross margin and less-negative free cash flow are positives but do not offset the overall high-risk profile.
Income Statement
12
Very Negative
Revenue has contracted sharply over the last three years (2023→2025 annual declines), indicating weakening scale. While gross margin improved materially in 2025 (stronger product mix or pricing), profitability remains deeply negative with large operating losses and a very high negative net margin, suggesting the cost base is not supported by the current revenue level. Overall, the income statement reflects severe earnings pressure despite better gross profitability in the latest year.
Balance Sheet
18
Very Negative
The balance sheet shows elevated financial risk: shareholders’ equity is negative in 2023–2025, which limits financial flexibility and typically increases dependence on external funding. Debt rose meaningfully in 2025 versus 2024, while total assets fell substantially in 2025, pointing to a smaller asset base supporting higher leverage. Overall, balance-sheet strength is weak due to negative equity and rising leverage.
Cash Flow
10
Very Negative
Free cash flow is consistently and materially negative across all reported years, indicating ongoing cash burn. Operating cash flow is reported at zero each year, and cash generation is not keeping pace with losses, implying the business is not self-funding. Although free cash flow improved in 2025 versus 2024 (less negative), the company still shows substantial cash outflows and continued reliance on financing.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue583.45K891.08K3.39M4.73M
Gross Profit446.32K203.70K1.45M1.81M
EBITDA-17.00M-15.77M-20.04M-16.70M
Net Income-17.84M-17.53M-20.82M-16.77M
Balance Sheet
Total Assets2.47M10.79M9.88M23.55M
Cash, Cash Equivalents and Short-Term Investments1.02M702.87K239.82K1.79M
Total Debt8.29M1.04M575.14K4.39M
Total Liabilities11.10M16.61M18.02M13.66M
Stockholders Equity-8.63M-5.15M-7.51M11.23M
Cash Flow
Free Cash Flow-9.28M-14.40M-11.26M-14.85M
Operating Cash Flow0.000.000.000.00
Investing Cash Flow208.83K-140.12K51.75K-2.44M
Financing Cash Flow9.39M14.87M9.31M9.74M

Argent Biopharma Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
46
Neutral
AU$9.46M-2.54
41
Neutral
AU$5.98M-1.84-60.84%-18.70%20.83%
40
Underperform
AU$4.56M-0.17
37
Underperform
AU$12.36M-0.64-1476.79%-2.82%32.47%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:RGT
Argent Biopharma
0.05
-0.09
-61.43%
GNTLF
Genetic Technologies
1.00
0.00
0.00%
ZLDAF
Zelira Therapeutics
0.43
0.10
31.61%
AU:EVE
EVE Health Group Limited
0.02
>-0.01
-30.00%
AU:ADR
Adherium Ltd.
0.01
0.00
0.00%
AU:BGT
Bio-Gene Technology Ltd.
0.03
>-0.01
-22.50%

Argent Biopharma Corporate Events

Argent BioPharma Clears 1 Million New Shares for On‑Sale Under Corporations Act Exemption
Jan 15, 2026

Argent BioPharma has issued 1,000,000 fully paid ordinary shares and notified the market that these securities qualify for on‑sale without a prospectus under section 708A(5) of the Corporations Act. The company affirmed it is compliant with its financial reporting and continuous disclosure obligations and stated there is no undisclosed information that would be material to investors’ assessment of its financial position, prospects, or the rights attached to the newly issued shares, helping to maintain transparency and liquidity in its stock.

The most recent analyst rating on (AU:RGT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Argent Biopharma stock, see the AU:RGT Stock Forecast page.

Argent Biopharma Seeks Quotation of 1 Million New Shares on ASX
Jan 15, 2026

Argent Biopharma Limited, listed on the ASX under the code RGT, has applied for quotation of an additional 1,000,000 ordinary fully paid shares. The new securities, issued on 15 January 2026 following the exercise or conversion of existing options or other convertible instruments, will expand Argent Biopharma’s listed share capital, modestly increasing liquidity and potentially enabling the company to further support its funding and operational needs.

The most recent analyst rating on (AU:RGT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Argent Biopharma stock, see the AU:RGT Stock Forecast page.

Argent Biopharma Plans Placement of Up to 20 Million New Shares
Jan 13, 2026

Argent Biopharma Limited has notified the ASX of its intention to issue up to 20 million new fully paid ordinary shares in a proposed placement, with an expected issue date of 16 March 2026. The additional securities, to be quoted on the ASX subject to the exchange’s agreement, represent a capital-raising move that is likely aimed at strengthening the company’s balance sheet and providing funding flexibility for its ongoing biopharmaceutical activities, with potential implications for existing shareholders through equity dilution and for the company’s capacity to advance its pipeline.

The most recent analyst rating on (AU:RGT) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Argent Biopharma stock, see the AU:RGT Stock Forecast page.

Argent BioPharma Streamlines AusCann Deal to Bolster CannEpil and IP Portfolio
Jan 13, 2026

Argent BioPharma has signed a binding agreement with AusCann Group Holdings to acquire AusCann’s 48% equity stake in CannPal Animal Therapeutics for A$2 million in Argent shares, in a streamlined deal that replaces a broader prior term sheet and excludes AusCann’s EuroCann holding. The transaction, backed by Argent’s board, major shareholders and primary financier C/M Capital Partners, is designed to strengthen Argent’s clinical pipeline by providing validated preclinical and real-world data to accelerate regulatory and commercial progress for its CannEpil® cannabinoid therapy, enhance its intellectual property portfolio through an option to acquire the Neuvis® drug-delivery platform, and support early-access and named-patient programs as well as its U.S. dual-listing and partnering strategy, while also prompting board changes to align governance with the company’s next phase of growth.

The most recent analyst rating on (AU:RGT) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Argent Biopharma stock, see the AU:RGT Stock Forecast page.

Argent BioPharma Issues New Shares to Support Clinical Advancements
Dec 12, 2025

Argent BioPharma has issued 5,616,000 fully paid ordinary shares, taking advantage of an exemption under section 708A(5) of the Corporations Act 2001, which allows for the on-sale of securities without disclosure. This strategic move aligns with the company’s compliance with relevant legal provisions and supports its ongoing efforts to advance its clinical programs and strengthen its market position in the biopharmaceutical industry.

Argent Biopharma Issues Employee Incentive Securities
Dec 12, 2025

Argent Biopharma Limited has announced the issuance of 5,000,000 fully paid ordinary securities to its employees under the company’s employee incentive securities plan. This move is part of their strategy to motivate and retain talent within the company. The issuance of these securities, which will be quoted on the ASX, reflects Argent Biopharma’s commitment to aligning employee interests with company performance, potentially enhancing its market position and stakeholder value.

Argent Biopharma Issues New Securities to Creditors
Dec 12, 2025

Argent Biopharma Limited announced the issuance of 616,000 ordinary fully paid securities to its creditors, which will be quoted on the Australian Securities Exchange (ASX). This move is expected to strengthen the company’s financial position and enhance its market presence, potentially impacting its operations and stakeholder interests positively.

Argent BioPharma Restructures Finance Operations Amid Leadership Change
Dec 7, 2025

Argent BioPharma has announced the termination of its Chief Financial Officer, Mr. Igor Bluvstein, as part of a strategic restructuring of its finance and reporting functions. The company is transitioning its financial management activities to an external provider in Australia, a move aimed at creating a more efficient and transparent operational framework. This restructuring is intended to support Argent BioPharma’s commercial, clinical, and regulatory goals, particularly in preparation for a planned U.S. listing. The centralization of financial oversight is expected to enhance governance and reporting quality, aligning the company’s operations with its strategic objectives.

Argent Biopharma Secures A$11 Million Funding Through Convertible Notes
Dec 3, 2025

Argent Biopharma Ltd has announced the issuance of convertible notes as part of a new financing agreement with US-based institutional funds managed by C/M Capital Partners, LP. This agreement provides Argent with a substantial funding facility of up to A$11 million, with an initial tranche of A$3 million already secured. The issuance of these convertible notes is expected to increase the company’s cash reserves and potentially double its number of fully paid ordinary shares, enhancing its financial position and operational capabilities.

Argent Biopharma Issues Convertible Notes and Unlisted Options
Dec 3, 2025

Argent Biopharma Limited announced the issuance of 3,300,000 convertible notes and 21,950,952 unlisted options exercisable at A$0.1025, expiring on December 3, 2028. This move is part of a previously announced transaction and reflects the company’s strategic efforts to strengthen its financial position and enhance its market operations.

Argent BioPharma Reports Successful AGM Outcomes
Nov 28, 2025

Argent BioPharma announced the successful outcomes of its Annual General Meeting held on 28 November 2025, where all proposed resolutions were passed by poll. This includes key decisions such as the adoption of the remuneration report, election and re-election of directors, and ratifications of prior share issues. The approval of these resolutions supports the company’s strategic initiatives and strengthens its governance framework, potentially enhancing its market positioning and stakeholder confidence.

Argent Biopharma Expands AGM Agenda with New Financial Resolutions
Nov 17, 2025

Argent Biopharma Ltd has announced an addendum to its Notice of Annual General Meeting, scheduled for November 28, 2025. The addendum includes new resolutions regarding the issuance and amendment of convertible notes and options, aimed at enhancing the company’s financial flexibility and investment appeal. Shareholders are advised on the procedures for voting on these additional resolutions, which could potentially impact the company’s capital structure and stakeholder interests.

Argent Biopharma Announces Strategic Securities Issuance
Nov 17, 2025

Argent Biopharma Limited has announced a proposed issuance of securities, including 21,950,952 unlisted options and 11,000,000 convertible notes, set to commence on December 1, 2025. This strategic financial move is expected to bolster the company’s capital structure, potentially enhancing its market position and providing additional resources for ongoing and future projects, thereby impacting stakeholders positively.

Argent BioPharma Secures A$11M Funding for Strategic Acquisition and Expansion
Nov 17, 2025

Argent BioPharma Ltd. has secured an A$11 million financing facility from US-based C/M Capital to complete the strategic acquisition of AusCann Group assets. This acquisition will provide Argent with access to valuable drug delivery technology, a manufacturing facility in Europe, and a German distribution network, enhancing its market entry and growth in Europe. The funding also positions Argent for a dual listing on a major U.S. stock exchange, while board changes are set to align with the new company strategy. This strategic financial move is expected to strengthen Argent’s operational and financial position, supporting its growth as a globally focused biopharmaceutical company.

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.Date of analysis: Jan 04, 2026