Champions Oncology Inc (CSBR)
NASDAQ:CSBR
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Champions Oncology
(NASDAQ:CSBR)
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Rating:49Neutral
Price Target:
$5.50
▼(-17.17% Downside)
Action:Reiterated
Date:03/31/26
The score is held back primarily by weakening TTM financial performance (revenue decline, margin compression, return to losses) and a bearish technical trend. These are partially offset by comparatively better cash flow/leverage signals and a somewhat positive earnings-call outlook centered on full-year growth/positive adjusted EBITDA and improving data monetization.
Positive Factors
Record services growth
Champions’ core fee-for-service CRO business showed durable demand: record study revenue grew ~32% YoY driven by strong study execution and backlog conversion. A steady services pipeline and repeatable study workflows support recurring fee revenue and scalable operating leverage over multiple quarters.
Negative Factors
Top-line decline
Trailing twelve‑month revenue weakness (~-29%) highlights vulnerability to study timing and data recognitions. Persistent top‑line declines reduce absorption of fixed costs, limit scale benefits, and make multi‑period planning for data platform investments and R&D harder to sustain without steady contract flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Record services growth
Champions’ core fee-for-service CRO business showed durable demand: record study revenue grew ~32% YoY driven by strong study execution and backlog conversion. A steady services pipeline and repeatable study workflows support recurring fee revenue and scalable operating leverage over multiple quarters.
Read all positive factors
Champions Oncology Key Performance Indicators (KPIs)
Any
Revenue By Segment
Breaks down revenue by different business segments, highlighting which areas are driving growth and profitability. This can indicate strategic focus and potential areas for expansion or risk.
Breaks down revenue by different business segments, highlighting which areas are driving growth and profitability. This can indicate strategic focus and potential areas for expansion or risk.
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The Fly
The FlyChampions Oncology (CSBR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$83.46M
Dividend YieldN/A
Average Volume (3M)17.98K
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue Growth-1.10%
EPS Growth-135.24%
CountryUS
Employees210
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.16
Shares Outstanding13,886,826
10 Day Avg. Volume35,034
30 Day Avg. Volume17,980
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)25.89
Price to Sales (P/S)1.72
P/FCF Ratio13.96
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue1.40
Enterprise Value/Gross Profit3.06
Enterprise Value/Ebitda-105.22
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.1
Revenue Forecast (FY)$65.26M
Champions Oncology Business Overview & Revenue Model
Company Description
Champions Oncology (CSBR) is a biotechnology company that specializes in personalized medicine, particularly in the field of oncology. The company develops advanced technology platforms, including its proprietary TumorGraft® technology, which allo...
How the Company Makes Money
Champions Oncology primarily makes money by providing fee-for-service research and development support to third parties (typically biopharma companies) working on oncology drugs. Revenue is generated when clients contract the company to run specif...
Champions Oncology Earnings Call Summary
Earnings Call Date:Mar 12, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jul 16, 2026
Earnings Call Sentiment Positive
The call conveyed solid operational execution — record services revenue, ~32% growth in core study revenue, and a third consecutive positive adjusted EBITDA — alongside deliberate investments in data and a therapeutic subsidiary (Corellia). However, near-term challenges include a modest overall revenue decline (~3%) driven by absence of prior-year data license revenue, compression of gross margin (61% to 47%) driven in part by outsourced radiolabeling costs, and elevated operating expenses (~+36%). Data revenue remains early and variable, and Corellia funding timing is uncertain. On balance, the positive operational momentum and pathway to monetize data and Corellia slightly outweigh the near-term margin and timing headwinds.Positive Updates
Record Services Revenue and Core Study Growth
Total revenue of $16.6M for the quarter with core study (services) revenue a record $16.6M, up from $12.6M year-ago (~+32%), reflecting strong study execution and conversion of previously booked work.
Negative Updates
Overall Revenue Slight Decline Year-Over-Year
Total revenue declined to $16.6M from $17.0M year-ago (~-3%), primarily due to recognition of $4.5M of data revenue in the prior-year quarter that was not recognized this quarter.
Read all updates
Q3-2026 Updates
Positive
Negative
Record Services Revenue and Core Study Growth
Total revenue of $16.6M for the quarter with core study (services) revenue a record $16.6M, up from $12.6M year-ago (~+32%), reflecting strong study execution and conversion of previously booked work.
Read all positive updates
Company Guidance
The company guided that it remains on track for full‑year revenue growth and full‑year positive adjusted EBITDA, expects to close additional data revenue in Q4 (including a closed 6‑figure data deal and incremental revenue from the large data deal announced in Q3 FY25), and sees the payoff from current investments beginning in fiscal 2027 with more meaningful acceleration in fiscal 2028; Corellia funding is included in initial fiscal 2027 budgets (though external financing could redeploy that EBITDA). For context, Q3 results underpinning the guidance included total revenue of $16.6M (down ~3% YoY from $17.0M) driven by record study revenue of $16.6M (+~32% YoY vs $12.6M) and no data revenue this quarter (vs $4.5M prior), adjusted EBITDA of $575K (GAAP loss from operations ≈$275K), gross margin of 47% ($8.8M cost of sales, >$2M of which was outsourced lab work — if performed internally margin would exceed 50%), operating expenses of $7.2M (vs $5.3M), net cash used in operations $1.4M, and $7.1M cash with no debt.Champions Oncology Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
52
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.94M | 56.94M | 50.16M | 53.87M | 49.11M | 41.04M |
| Gross Profit | 26.58M | 28.55M | 20.75M | 24.34M | 25.48M | 19.59M |
| EBITDA | -773.00K | 6.49M | -5.05M | -2.20M | 2.23M | 1.55M |
| Net Income | -2.28M | 4.70M | -7.28M | -5.33M | 548.00K | 362.00K |
Balance Sheet | ||||||
| Total Assets | 28.45M | 32.34M | 26.13M | 34.31M | 35.38M | 27.59M |
| Cash, Cash Equivalents and Short-Term Investments | 7.13M | 9.79M | 2.62M | 10.12M | 9.01M | 4.69M |
| Total Debt | 5.00M | 6.11M | 7.43M | 8.60M | 9.47M | 9.60M |
| Total Liabilities | 24.07M | 28.57M | 28.04M | 29.68M | 26.28M | 20.16M |
| Stockholders Equity | 4.28M | 3.77M | -1.90M | 4.64M | 9.10M | 7.43M |
Cash Flow | ||||||
| Free Cash Flow | 3.82M | 7.00M | -6.97M | 1.08M | 4.11M | -4.96M |
| Operating Cash Flow | 4.39M | 7.39M | -6.14M | 3.96M | 6.50M | -1.68M |
| Investing Cash Flow | -555.00K | -389.00K | -836.00K | -2.87M | -2.38M | -3.17M |
| Financing Cash Flow | 86.00K | 170.00K | -527.00K | 11.00K | 207.00K | 1.20M |
Champions Oncology Technical Analysis
Negative
6.64
Price Trends
5.97
Positive
6.23
Negative
6.46
Negative
Market Momentum
0.02
Positive
49.85
Neutral
35.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CSBR, the sentiment is Negative. The current price of 6.64 is above the 20-day moving average (MA) of 6.02, above the 50-day MA of 5.97, and above the 200-day MA of 6.46, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 49.85 is Neutral, neither overbought nor oversold. The STOCH value of 35.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CSBR.
Champions Oncology Risk Analysis
Champions Oncology disclosed 30 risk factors in its most recent earnings report. Champions Oncology reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Champions Oncology Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $169.20M | 2.36 | 28.10% | ― | 27.80% | 268.45% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
49 Neutral | $83.46M | -90.96 | -57.20% | ― | -1.10% | -135.24% | |
48 Neutral | $42.71M | -1.18 | -84.91% | ― | ― | -40.23% | |
| ― | $93.54M | -9.85 | -65.55% | ― | ― | 19.02% |
* Healthcare Sector Average
CSBR
Champions Oncology
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0.33%
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Champions Oncology Corporate Events
Business Operations and StrategyExecutive/Board Changes
Champions Oncology Adds Director to Advance Data-Driven Strategy
Positive
Mar 30, 2026
On March 24, 2026, Champions Oncology, Inc., a global oncology-focused research services provider, reported that its Board accepted the resignation of director Dr. Philip Breitfeld and appointed Brian Alexander, MD, MPH, to fill the resulting vaca...
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.