Evommune, Inc. (EVMN)
NYSE:EVMN
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Evommune, Inc.
(NYSE:EVMN)
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Rating:49Neutral
Price Target:
$29.00
▲(23.09% Upside)
Action:ReiteratedDate:03/09/26
The score is held back primarily by ongoing large losses and worsening cash burn despite strong revenue growth and a significantly improved balance sheet. Technicals add modest support (positive MACD and price above the 50-day average), while valuation remains pressured by negative earnings and no dividend support.
Positive Factors
Revenue Growth
A multi-year revenue increase from $5M to $13M demonstrates durable product traction and expanding commercial footprint. Sustained top-line growth provides a foundation to leverage gross margins, absorb R&D spend, and improve operating leverage as programs advance toward later‑stage trials and potential commercialization.
Negative Factors
Accelerating Cash Burn
Operating and free cash flow have worsened materially year‑over‑year, rising to roughly -$76M in 2025. This persistent and accelerating burn increases reliance on external capital, compresses financial flexibility, and elevates execution risk if clinical timelines or revenue ramp slip over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A multi-year revenue increase from $5M to $13M demonstrates durable product traction and expanding commercial footprint. Sustained top-line growth provides a foundation to leverage gross margins, absorb R&D spend, and improve operating leverage as programs advance toward later‑stage trials and potential commercialization.
Read all positive factors
Evommune, Inc. (EVMN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$918.83M
Dividend YieldN/A
Average Volume (3M)935.27K
Price to Earnings (P/E)―
Beta (1Y)0.19
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees45
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)N/A
Shares Outstanding36,018,370
10 Day Avg. Volume412,591
30 Day Avg. Volume935,274
Financial Highlights & Ratios
PEG Ratio1.98
Price to Book (P/B)2.63
Price to Sales (P/S)41.51
P/FCF Ratio-7.04
Enterprise Value/Market Cap0.31
Enterprise Value/Revenue22.03
Enterprise Value/Gross Profit24.66
Enterprise Value/Ebitda-4.15
Forecast
1Y Price Target
$50.25Price Target Upside113.29% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Evommune, Inc. Business Overview & Revenue Model
Company Description
Evommune, Inc. operates as a clinical-stage biotechnology company in the United States. It develops therapies that target key drivers of chronic inflammatory diseases, with initial clinical development programs focusing on chronic spontaneous urti...
How the Company Makes Money
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Evommune, Inc. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
55
Neutral
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 13.00M | 7.00M | 5.00M |
| Gross Profit | 11.61M | 5.71M | 4.00M |
| EBITDA | -79.68M | -65.49M | -32.99M |
| Net Income | -68.87M | -66.81M | -34.05M |
Balance Sheet | |||
| Total Assets | 224.95M | 76.06M | 82.25M |
| Cash, Cash Equivalents and Short-Term Investments | 149.20M | 72.04M | 79.08M |
| Total Debt | 2.06M | 193.31M | 150.63M |
| Total Liabilities | 19.38M | 220.29M | 159.96M |
| Stockholders Equity | 205.57M | -144.24M | -77.71M |
Cash Flow | |||
| Free Cash Flow | -76.68M | -58.28M | -30.09M |
| Operating Cash Flow | -76.44M | -58.20M | -29.97M |
| Investing Cash Flow | -115.31M | -3.99M | -48.43M |
| Financing Cash Flow | 220.76M | 49.42M | 63.75M |
Evommune, Inc. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $1.52B | -1.91 | -49.31% | ― | -78.55% | 7.74% | |
52 Neutral | $577.10M | -5.95 | -2626.38% | ― | 14.26% | -23.34% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | $237.62M | -1.44 | -27.43% | ― | -41.53% | -11.32% | |
49 Neutral | $918.83M | -7.84 | 89.72% | ― | ― | ― | |
49 Neutral | $421.43M | -3.32 | -49.35% | ― | -61.54% | 31.25% | |
44 Neutral | $530.78M | -5.48 | -74.52% | ― | 14.86% | -1440.45% |
* Healthcare Sector Average
EVMN
Evommune, Inc.
25.51
5.28
26.10%
ALT
Altimmune
3.24
-1.17
-26.53%
ARCT
Arcturus Therapeutics
8.36
-1.34
-13.81%
OCGN
Ocugen
1.76
1.07
155.07%
VIR
Vir Biotechnology
9.50
3.97
71.79%
VALN
Valneva
6.18
-0.11
-1.75%
Evommune, Inc. Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Evommune Reports Q4 2025 Results and Pipeline Progress
Positive
Mar 5, 2026
Evommune, Inc. reported its fourth quarter and full-year 2025 results on March 5, 2026, highlighting positive Phase 2a proof-of-concept data for its injectable IL-18 binding protein fusion protein EVO301 in moderate-to-severe atopic dermatitis, wi...
Business Operations and StrategyPrivate Placements and Financing
Evommune Announces $125 Million Private Placement Financing
Positive
Feb 13, 2026
On February 12, 2026, Evommune, Inc. entered into a securities purchase agreement to sell 4,494,279 shares of its common stock at $27.88 per share in a private placement to a select group of new and existing mutual funds and dedicated healthcare i...
Business Operations and StrategyProduct-Related Announcements
Evommune Advances EVO301 After Positive Phase 2a Results
Positive
Feb 10, 2026
On Feb. 10, 2026, Evommune reported positive top-line data from a randomized, double-blind, placebo-controlled Phase 2a trial of its long-acting fusion protein EVO301 in 70 adults with moderate-to-severe atopic dermatitis. The intravenous regimen ...
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.
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