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Evogene (EVGN)
NASDAQ:EVGN

Evogene (EVGN) AI Stock Analysis

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EVGN

Evogene

(NASDAQ:EVGN)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
$0.77
▼(-29.73% Downside)
Action:ReiteratedDate:03/14/26
The score is held down primarily by weak financial performance (persistent losses, heavy cash burn, negative equity, and declining revenue). Technicals also reflect a downtrend with negative momentum. The earnings call provides partial support through sustained cost cuts and near-term liquidity actions, but top-line weakness and one-time items keep overall risk elevated.
Positive Factors
Strategic Collaborations
Collaborations with industry leaders like Bayer and Corteva enhance Evogene's market position and innovation potential in herbicide development.
AI Technology Advancement
The partnership with Google Cloud to enhance AI capabilities strengthens Evogene's competitive edge in molecular discovery, benefiting pharma and agriculture sectors.
Cost Management
Significant cost reductions improve financial stability and allow for reinvestment in strategic growth areas, supporting long-term sustainability.
Negative Factors
Revenue Decline
Declining revenues highlight challenges in maintaining sales momentum, potentially impacting future growth and financial health.
High Leverage
High leverage increases financial risk and limits flexibility, posing challenges to Evogene's ability to navigate economic fluctuations.
Negative Cash Flows
Persistent negative cash flows indicate operational inefficiencies and may constrain the company's ability to fund growth initiatives.

Evogene (EVGN) vs. SPDR S&P 500 ETF (SPY)

Evogene Business Overview & Revenue Model

Company DescriptionEvogene Ltd., together with its subsidiaries, operates as a computational biology company. It focuses on product discovery and development in multiple life-science based industries, including human health and agriculture, through the use of its Computational Predictive Biology (CPB) platform. The CPB platform, incorporating a deep understanding of biology leveraged through big data and artificial intelligence, designed to computationally discover and uniquely guide the development of life-science products based on microbes, small molecules, and genetic elements. The company operates through three segments: Agriculture, Human Health, and Industrial Applications. The Agriculture segment develops seed traits, ag-chemical products, and ag-biological products to enhance plant performance. Its products focus on various crops, such as corn, soybean, wheat, rice, and cotton. The Industrial Applications segment develops enhanced castor bean seeds to serve as a feedstock source for other industrial uses. The Human Health segment discovers and develops human microbiome-based therapeutics for the treatment of immuno-oncology, GI related disorders, and antimicrobial resistance organisms. The company also provides medical cannabis products. It operates in the United States, Israel, Brazil, and internationally. The company has strategic collaborations and licensing agreements with agricultural companies, such as BASF SE, Corteva, and Bayer; and through its subsidiary, Canonic Ltd., has a collaboration agreement with Cannbit Ltd. for the development of novel medical cannabis products. Evogene Ltd. was founded in 1999 and is headquartered in Rehovot, Israel.
How the Company Makes Moneynull

Evogene Earnings Call Summary

Earnings Call Date:Mar 05, 2026
(Q4-2025)
|
% Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Neutral
The call presents a balanced mix of positive strategic and operational developments and significant near-term financial and operational challenges. Positives include a clear strategic refocus on ChemPass AI, strong technical milestones (38 billion-molecule foundation model, 90% design precision), new automation collaboration with Google Cloud, key partnerships (Bayer, Corteva) and material reductions in operating costs that improved annual operating and net losses substantially. Negatives include meaningful revenue declines (≈30% year-over-year and ≈80% in Q4), a large inventory impairment (~$2.2M) that drove higher cost of revenues, a sharp reduction in financing income (~85% year-over-year), a deteriorating Q4 operating/net loss profile, and modest cash balances reliant in part on one-time discontinued-operations proceeds and future collaboration or financing catalysts. Overall, the strategic and technical progress is offset by current top-line weakness and one-time impairment impacts, leading to a balanced view of prospects and risks.
Q4-2025 Updates
Positive Updates
Strategic Refocus on ChemPass AI and High-Impact Markets
Company completed a strategic transformation to concentrate on a single computational engine, ChemPass AI, and two markets (human health small-molecule drugs and agriculture ag-chemicals), streamlining organization, divesting noncore assets and aligning business development to the refined strategy.
Platform Scale and Technical Milestones
ChemPass AI foundation model built on a 38 billion molecule universe, enabling access to diverse chemical space and multi-parameter optimization from day 1; first Google Cloud collaboration completed in mid-2025 and delivered 90% design precision (a 3x improvement on benchmarks).
New Automation Collaboration with Google Cloud
Second collaboration with Google Cloud initiated in Feb 2026 to integrate Vertex AI agents for automating workflows and reducing manual errors — a move toward autonomous discovery and scalability for pharma and agriculture partnerships.
Partnerships and Early Commercial Engagements
Multiple collaborations established: four publicly disclosed human health collaborations, and strategic agriculture collaborations with Bayer and Corteva; advancing partnered drug discovery programs and expecting scaled activity across 2026.
Substantial Operating Expense Reductions
Total operating expenses (net) fell to approximately $13.8M in 2025 from ~$22.0M in 2024 — a decrease of ~$8.2M (≈37%); Q4 operating expenses decreased to ~$3.2M from ~$4.3M (≈25% decline). Company expects reduced expense level to be sustained.
Decline in R&D, Sales & Admin Costs
R&D expenses net fell to ~$8.0M from $12.5M (down ~$4.5M, ≈36%); Sales & Marketing decreased to ~$1.5M from $2.0M (≈25%); General & Administrative decreased to ~$4.3M from $7.0M (≈39%).
Improved Annual Operating and Net Loss
Operating loss improved to ~ $14.0M in 2025 from ~$18.8M in 2024 (improvement of ~$4.8M, ≈25%); net loss improved to ~ $7.8M from ~$18.1M (improvement of ~$10.3M, ≈57%), driven by lower operating expenses and income from discontinued operations (gain on sale).
Cash Position and Near-Term Financing
Consolidated cash, cash equivalents and short-term deposits of ~ $13.0M as of Dec 31, 2025; Q4 cash usage ~ $3.0M (or ~$2.4M excluding Lavie Bio and Biomica). Feb 2026 warrant inducement generated gross proceeds of ~ $3.4M, and expected distributions from Lavie Bio and Biomica may extend runway to ~1.5 years or more.
Negative Updates
Revenue Decline Year-over-Year and Sharp Q4 Drop
Total revenues for 2025 were ~$3.9M versus ~$5.6M in 2024, a decrease of ~$1.7M (~30% decline). Q4 revenues fell to ~$0.3M from ~$1.5M in the prior-year quarter (≈80% decline), primarily due to reduced AgPlenus/Casterra seed sales and fewer one-time 2024 payments.
Increase in Cost of Revenues Driven by Inventory Impairment
Cost of revenues increased to ~ $4.1M in 2025 from ~$2.4M in 2024 (≈71% increase), primarily due to a Casterra inventory impairment of ~ $2.2M recorded in Q4. Q4 cost of revenues rose to ~$2.3M from ~$0.7M (≈229% increase).
Quarterly Operating and Net Loss Deterioration
Q4 2025 operating loss widened to ~ $5.2M from ~$3.5M in Q4 2024 (≈49% worse). Q4 net loss increased sharply to ~ $5.4M from ~$0.005M in the prior-year quarter, driven by lower revenues, higher cost of revenues and significantly reduced financing income.
Significant Drop in Financing Income
Financing income net for 2025 was ~ $0.6M compared to ~$4.0M in 2024 (≈85% decrease), largely due to accounting treatment changes for prefunded warrants and August 2024 warrants; Q4 swung to financing expenses net of ~$0.2M vs financing income of ~$4.5M in Q4 2024.
Operational Cessation and Market Weakness in Seed Business
Casterra AG ceased operations in Kenya due to a significant decline in demand for castor seeds, reduced headcount and focus on Brazil; this led to the ~$2.2M inventory impairment and reduced seed sales that materially impacted revenue and cost-of-sales.
Reliance on Discontinued Operations and Asset Sale Gains
Income from discontinued operations improved to ~$5.7M in 2025 (vs a loss of ~$3.2M in 2024) primarily because of a ~$6.4M gain on sale of Lavie Bio/MicroBoost AI assets to ICL — an improvement that reflects one-time proceeds rather than recurring operational performance.
Modest Cash Balance and Runway Uncertainty
Consolidated cash of ~ $13.0M and Q4 cash burn (~$2.4M excluding Lavie Bio/Biomica) yield limited runway; management expects ~1.5 years of cash but further financing, collaborations or distributions are needed to extend runway beyond mid-2027 without cost structure changes.
Company Guidance
The company guided that its lower cost structure will be sustained, citing operating expenses net of approximately $13.8M for 2025 (down from ~$22M in 2024) and fourth‑quarter operating expenses of ~$3.2M (vs. ~$4.3M in Q4 2024); consolidated cash, cash equivalents and short‑term deposits were about $13M as of 12/31/2025 with consolidated cash usage of ~ $3M in Q4 2025 (and ~$2.4M excluding Lavie Bio and Biomica), and management said cash after expected Lavie Bio/Biomica distributions should cover needs to at least mid‑next year (or “a little more than 1.5 years” without additional transactions); Feb 2026 warrant inducement brought gross proceeds of ~ $3.4M and issued new warrants to purchase up to 5,076,924 shares exercisable at $1.25; 2025 revenue was ~ $3.9M (down ~$1.7M from $5.6M), Q4 revenue ~$0.3M (vs. $1.5M), cost of revenues ~$4.1M (including a ~$2.2M Casterra inventory impairment), Q4 cost of revenues $2.3M, R&D net ~$8M (vs. $12.5M), S&M ~$1.5M (vs. $2M), G&A ~$4.3M (vs. $7M), operating loss ~$14M (vs. $18.8M) and 2025 net loss ~$7.8M (vs. $18.1M), while discontinued‑operations produced income of ~$5.7M (including a ~$6.4M gain on sale); on the technology side they cited ChemPass AI trained on a 38‑billion‑molecule universe and delivering ~90% design precision, positioning expected near‑term catalysts from further tech and pharma/ag collaborations.

Evogene Financial Statement Overview

Summary
Weak fundamentals: multi-year operating/net losses and consistently negative operating and free cash flow. Balance sheet flexibility is pressured by negative equity since 2024 and a shrinking asset base. Positives (narrowing losses/cash burn in 2025 and improved gross profit vs. earlier years) are outweighed by the sharp 2025 revenue decline and ongoing financing dependence.
Income Statement
18
Very Negative
Revenue has been volatile—strong growth through 2023–2024 but a sharp decline in 2025 (annual revenue down ~27%). Profitability remains weak: the company is consistently loss-making with deeply negative operating profit and net income across all years, though losses narrowed in 2025 versus 2024. Gross profit improved versus earlier years (when gross profit was negative), but operating costs still overwhelm the revenue base.
Balance Sheet
22
Negative
Leverage is moderate in absolute dollars, but the capital structure has deteriorated materially. Stockholders’ equity flipped from positive historically to negative in 2024 and remained slightly negative in 2025, which reduces financial flexibility and raises funding risk. Total assets have also contracted significantly from earlier years, pointing to a smaller balance sheet and potentially reduced capacity to absorb ongoing losses.
Cash Flow
15
Very Negative
Cash generation is a key weakness: operating cash flow and free cash flow are consistently and heavily negative every year. While cash burn improved in 2025 versus 2024 (free cash flow loss narrowed), it remains substantial, implying ongoing reliance on external financing. The pattern suggests limited near-term self-funding ability until revenue scales materially or costs decline further.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue3.85M8.51M5.64M1.68M930.00K
Gross Profit795.00K3.39M1.40M-1.77M-2.07M
EBITDA-12.85M-15.38M-23.20M-26.93M-27.80M
Net Income-8.48M-16.48M-23.88M-26.64M-27.79M
Balance Sheet
Total Assets20.05M39.86M51.10M56.13M76.30M
Cash, Cash Equivalents and Short-Term Investments12.99M15.31M31.06M35.35M53.87M
Total Debt2.20M12.87M11.51M11.93M2.67M
Total Liabilities5.00M25.03M22.42M21.34M12.88M
Stockholders Equity-82.00K-1.45M12.05M27.93M53.65M
Cash Flow
Free Cash Flow-13.64M-20.33M-22.36M-24.85M-25.56M
Operating Cash Flow-13.50M-19.70M-21.58M-23.68M-24.84M
Investing Cash Flow17.74M9.62M-4.54M13.27M-20.44M
Financing Cash Flow-6.60M4.66M18.15M9.34M30.28M

Evogene Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.10
Price Trends
50DMA
0.97
Negative
100DMA
1.05
Negative
200DMA
1.17
Negative
Market Momentum
MACD
-0.05
Negative
RSI
38.90
Neutral
STOCH
52.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVGN, the sentiment is Negative. The current price of 1.1 is above the 20-day moving average (MA) of 0.84, above the 50-day MA of 0.97, and below the 200-day MA of 1.17, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 38.90 is Neutral, neither overbought nor oversold. The STOCH value of 52.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EVGN.

Evogene Risk Analysis

Evogene disclosed 62 risk factors in its most recent earnings report. Evogene 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

Evogene 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%
51
Neutral
$82.56M-5.32-71.26%185.71%79.03%
49
Neutral
$91.88M-0.50337.03%-98.25%63.05%
49
Neutral
$8.73M-3.61-154.50%54.25%
44
Neutral
$6.90M-0.45553.15%-29.78%88.96%
41
Neutral
$8.72M-0.31-97.58%-46.88%34.83%
39
Underperform
$414.62K-1302.82%99.09%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
EVGN
Evogene
0.79
-0.64
-44.69%
IBIO
Ibio
2.39
-2.13
-47.12%
KZIA
Kazia Therapeutics
8.11
3.33
69.56%
WINT
Windtree Therapeutics
0.01
-1.79
-99.33%
PHGE
BiomX
5.48
-5.75
-51.20%
BOLT
Bolt Biotherapeutics
4.54
-3.60
-44.23%

Evogene Corporate Events

Evogene Reshapes AI-Driven Molecule Business With 2025 Results and Strategic Overhaul
Mar 5, 2026

On March 5, 2026, Evogene reported its fourth-quarter and full-year 2025 results, highlighting a strategic overhaul that consolidated the business around its ChemPass AI engine for small-molecule discovery in pharma and agriculture and exited non-core activities. The company integrated AgPlenus into its core operations, curtailed Casterra’s Kenyan seed business, and saw subsidiaries Lavie Bio and Biomica effectively wound down following the 2025 sale of Lavie Bio’s operations to ICL and the early-2026 out-licensing of Biomica’s lead oncology asset, with both units expected to return excess cash to shareholders.

The restructuring produced a sharp reduction in operating expenses to about $13.8 million in 2025 from $22.0 million in 2024, even as revenue fell to $3.9 million from $5.6 million due mainly to lower AgPlenus and Casterra contributions and a one-time 2024 payment. Evogene ended 2025 with roughly $13.0 million in cash and supplemented liquidity in February 2026 via a $3.4 million warrant inducement deal, while absorbing a $2.2 million Casterra inventory impairment that drove cost of revenues higher, signaling a leaner but more tightly focused platform business for investors and partners.

The most recent analyst rating on (EVGN) stock is a Hold with a $0.98 price target. To see the full list of analyst forecasts on Evogene stock, see the EVGN Stock Forecast page.

Evogene Details 2025 Strategic Refocus Around ChemPass AI and Core Health, Agriculture Markets
Feb 25, 2026

On February 25, 2026, Evogene released a CEO letter to shareholders outlining a strategic transformation undertaken in 2025 to sharpen its focus and capital allocation. The company consolidated technology development around its ChemPass AI™ platform and narrowed operations to two core markets, human health and agriculture, restructuring the organization and divesting non-core assets to become more agile and capital-efficient.

The letter highlighted ChemPass AI™’s ability to generate original small molecules from a 38-billion-compound universe while meeting complex multi-parameter requirements, underpinning collaborations such as an ongoing second project with Google Cloud. Evogene reported progress in multiple partnered drug discovery programs in human health and continued growth in agricultural collaborations through its AgPlenus subsidiary with partners including Bayer and Corteva, while retaining selective exposure to remaining assets like Casterra.

The most recent analyst rating on (EVGN) stock is a Hold with a $0.98 price target. To see the full list of analyst forecasts on Evogene stock, see the EVGN Stock Forecast page.

Evogene Secures $3.4 Million Through Warrant Inducement Deal
Feb 11, 2026

On February 10, 2026, Evogene entered into a warrant inducement agreement with an existing institutional investor, leading to the immediate cash exercise of August 2024 Series A and Series B warrants for 3,384,616 ordinary shares at a reduced price of $1.00 per share. The transaction is expected to provide approximately $3.4 million in gross proceeds, earmarked for working capital and general corporate purposes, and is slated to close around February 11, 2026, subject to customary conditions.

In return for the early exercise, Evogene will issue 5,076,924 new unregistered Series A-1 and Series B-1 warrants, split evenly, with an exercise price of $1.25 per share and terms of five years and 18 months, respectively. The company has engaged A.G.P./Alliance Global Partners as sole financial advisor, committed to register the resale of shares underlying the new warrants, and agreed to short-term restrictions on issuing additional equity or variable-rate financings, a structure that boosts near-term liquidity while adding potential future dilution for shareholders.

The most recent analyst rating on (EVGN) stock is a Hold with a $0.98 price target. To see the full list of analyst forecasts on Evogene stock, see the EVGN Stock Forecast page.

Evogene’s Biomica Grants Lishan Biotech Global Rights to Microbiome Cancer Drug BMC128
Feb 4, 2026

On February 4, 2026, Evogene announced that its microbiome-focused subsidiary Biomica has signed an exclusive worldwide licensing deal with Shanghai-based clinical-stage biotech firm Lishan Biopharmaceuticals for BMC128, a first-in-class microbiome-based therapeutic being developed for renal cell carcinoma and non-small cell lung cancer. BMC128, a live bacterial consortium of four gut strains designed to boost anti-tumor immune activity and enhance responses to immunotherapy, is currently completing a Phase 1 trial with promising safety, tolerability and early signs of efficacy, and under the agreement Lishan will take over global clinical development, manufacturing and commercialization while Biomica becomes eligible for development and sales-based milestone payments and royalties, positioning Evogene and its subsidiary to participate financially in the program’s future progress and reinforcing their standing in the emerging field of microbiome oncology therapeutics.

The most recent analyst rating on (EVGN) stock is a Hold with a $0.98 price target. To see the full list of analyst forecasts on Evogene stock, see the EVGN Stock Forecast page.

Evogene Announces CFO Resignation and Finance Leadership Transition
Jan 15, 2026

On January 15, 2026, Israel-based Evogene Ltd. reported a senior management change, announcing that Chief Financial Officer Yaron Eldad has submitted his resignation for personal reasons, effective March 31, 2026, with the company clarifying that his departure does not stem from any disagreement over its operations, policies or practices. VP Finance Polina Ravzin, who has held that position since 2022 and previously served in finance roles at DSIT Solutions Ltd. and Acorn Energy Inc., will retain her current role while also assuming the responsibilities of CFO, signaling continuity in Evogene’s financial leadership structure during the transition.

The most recent analyst rating on (EVGN) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on Evogene stock, see the EVGN Stock Forecast page.

Evogene Appoints Dr. Olga Nissan as Vice President of Business Development to Drive AI-Driven Growth
Dec 30, 2025

On December 30, 2025, Israel-based Evogene Ltd. announced that it has appointed Dr. Olga Nissan as its Vice President of Business Development, effective January 1, 2026, marking a key addition to its leadership team. Dr. Nissan brings more than 15 years of experience across biotechnology, pharmaceuticals, diagnostics and agri-biotechnology, with previous roles including CEO and Co-Founder of Protica Bio and positions at EcoPhage, BiomX and Teva Pharmaceutical Industries; the company’s leadership expects her expertise in AI-enabled drug discovery, strategic partnerships and company-building to support the scaling of Evogene’s ChemPass AI-driven small-molecule discovery and optimization activities and to strengthen collaborations with industry partners.

The most recent analyst rating on (EVGN) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on Evogene stock, see the EVGN Stock Forecast page.

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: Mar 14, 2026