Black Diamond Therapeutics, Inc. (BDTX)
NASDAQ:BDTX
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Black Diamond Therapeutics
(NASDAQ:BDTX)
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Rating:50Neutral
Price Target:
$3.50
▲(14.38% Upside)
Action:Reiterated
Date:05/21/26
The score is held down primarily by weak and volatile fundamentals—TTM losses and renewed cash burn outweigh the balance-sheet cushion. Technicals are a supportive offset with the stock trading above major moving averages and improving momentum, while valuation remains unattractive/indeterminate due to negative earnings and no dividend.
Positive Factors
Proprietary mutation-targeting platform
A focused mutation-targeting discovery engine is a durable competitive advantage in oncology: it enables precise patient selection, stronger biological rationale, clearer regulatory pathways and partner interest. That platform-level differentiation supports sustained R&D efficiency and higher odds of partner deals over time.
Negative Factors
Return to sizable losses and zero TTM revenue
A trailing-twelve-month collapse to zero revenue and large operating losses materially weakens durable financial footing. Persistent losses erode equity, increase dilution risk from future financings, and reduce flexibility to sustain multi-year clinical programs without partner funding or successful asset milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary mutation-targeting platform
A focused mutation-targeting discovery engine is a durable competitive advantage in oncology: it enables precise patient selection, stronger biological rationale, clearer regulatory pathways and partner interest. That platform-level differentiation supports sustained R&D efficiency and higher odds of partner deals over time.
Read all positive factors
Black Diamond Therapeutics (BDTX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$206.29M
Dividend YieldN/A
Average Volume (3M)934.70K
Price to Earnings (P/E)―
Beta (1Y)2.38
Revenue Growth-100.00%
EPS Growth-1056.82%
CountryUS
Employees24
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.76
Shares Outstanding57,301,773
10 Day Avg. Volume1,077,653
30 Day Avg. Volume934,699
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)1.23
Price to Sales (P/S)1.97
P/FCF Ratio4.67
Enterprise Value/Market Cap0.94
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-1.72K
Enterprise Value/Ebitda-4.81
Forecast
1Y Price Target
$10.25Price Target Upside234.97% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.64
Revenue Forecast (FY)$8.33M
Black Diamond Therapeutics Business Overview & Revenue Model
Company Description
Black Diamond Therapeutics, Inc., a biotechnology company, discover, develops, and commercializes medicines for patient with genetically defined tumors. It develops BDTX-189, an irreversible small molecule inhibitor that is designed to targets onc...
How the Company Makes Money
BDTX makes money primarily through (1) collaboration and partnership revenue and (2) interest and other income on its cash and investment balances; as a clinical-stage biotech, it does not have a broad, recurring product-sales base. Collaboration ...
Black Diamond Therapeutics Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 70.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -113.00K | 69.67M | 0.00 | -437.00K | 0.00 | 0.00 |
| EBITDA | -40.34M | 20.20M | -78.44M | -86.02M | -92.32M | -126.67M |
| Net Income | -43.21M | 22.37M | -69.68M | -82.44M | -91.17M | -125.60M |
Balance Sheet | ||||||
| Total Assets | 132.92M | 143.01M | 122.64M | 158.57M | 156.25M | 247.68M |
| Cash, Cash Equivalents and Short-Term Investments | 118.26M | 128.65M | 98.58M | 131.40M | 122.81M | 209.79M |
| Total Debt | 17.88M | 15.07M | 22.19M | 25.30M | 28.14M | 28.46M |
| Total Liabilities | 28.62M | 30.80M | 39.35M | 41.83M | 40.56M | 51.78M |
| Stockholders Equity | 104.30M | 112.21M | 83.28M | 116.74M | 115.69M | 195.90M |
Cash Flow | ||||||
| Free Cash Flow | -34.03M | 29.61M | -62.30M | -66.75M | -85.27M | -102.86M |
| Operating Cash Flow | -34.03M | 29.61M | -62.30M | -66.72M | -85.08M | -100.15M |
| Investing Cash Flow | -33.95M | -44.91M | 16.97M | 16.35M | 53.37M | 130.61M |
| Financing Cash Flow | -363.00K | -146.00K | 25.55M | 71.93M | 177.00K | 729.00K |
Black Diamond Therapeutics Technical Analysis
Positive
3.06
Price Trends
2.61
Positive
2.53
Positive
2.94
Positive
Market Momentum
0.11
Negative
68.58
Neutral
56.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BDTX, the sentiment is Positive. The current price of 3.06 is above the 20-day moving average (MA) of 2.85, above the 50-day MA of 2.61, and above the 200-day MA of 2.94, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 68.58 is Neutral, neither overbought nor oversold. The STOCH value of 56.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BDTX.
Black Diamond Therapeutics Risk Analysis
Black Diamond Therapeutics disclosed 81 risk factors in its most recent earnings report. Black Diamond Therapeutics 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
Black Diamond Therapeutics Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
54 Neutral | $308.21M | -9.07 | -77.09% | ― | ― | -9.22% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
51 Neutral | $1.67B | -21.70 | -47.12% | ― | ― | 41.60% | |
50 Neutral | $206.29M | -3.37 | -36.37% | ― | -100.00% | -1056.82% | |
47 Neutral | $211.47M | -2.06 | -55.97% | ― | -45.50% | -35.63% | |
44 Neutral | $54.39M | -3.32 | -39.76% | ― | ― | 40.85% | |
41 Neutral | $145.54M | -9.09 | 21.05% | ― | ― | 43.38% |
* Healthcare Sector Average
BDTX
Black Diamond Therapeutics
3.60
1.57
77.34%
SLS
SELLAS Life Sciences Group
8.97
7.27
427.65%
GALT
Galectin Therapeutics
2.21
0.93
72.66%
VYGR
Voyager Therapeutics
3.50
0.35
11.11%
DMAC
Diamedica Therapeutics
5.72
1.59
38.50%
TIL
Instil Bio
8.02
-8.20
-50.55%
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.