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uniQure
(NASDAQ:QURE)
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Rating:61Neutral
Price Target:
$43.00
▲(144.60% Upside)
Action:Reiterated
Date:06/25/26
The score balances strong technical momentum and several positive, pipeline-advancing corporate developments against weak underlying financial performance marked by deep losses and significant cash burn. Valuation is constrained by negative earnings (negative P/E) and no dividend support, keeping the overall score in the low-60s despite the bullish trend and regulatory/pipeline catalysts.
Positive Factors
Regulatory progress for AMT-130
FDA agreement to accept three-year Phase I/II data as the primary basis for an accelerated BLA materially reduces regulatory uncertainty and shortens time-to-market for AMT-130. That de-risking supports long-term commercial potential in Huntington’s disease and strengthens uniQure’s strategic positioning in CNS gene therapies.
Negative Factors
High cash burn
Sustained large negative operating and free cash flows force reliance on external financing and dilute long-term returns. High cash burn can constrain R&D cadence, delay programs if markets tighten, and make the company vulnerable to fundraising cycles despite recent capital raises.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulatory progress for AMT-130
FDA agreement to accept three-year Phase I/II data as the primary basis for an accelerated BLA materially reduces regulatory uncertainty and shortens time-to-market for AMT-130. That de-risking supports long-term commercial potential in Huntington’s disease and strengthens uniQure’s strategic positioning in CNS gene therapies.
Read all positive factors
uniQure Key Performance Indicators (KPIs)
Any
Revenue by Segment
Highlights income from different business areas, offering insight into which segments drive growth and profitability, and where there might be opportunities or challenges.
Highlights income from different business areas, offering insight into which segments drive growth and profitability, and where there might be opportunities or challenges.
Data provided by:
The Fly
The FlyuniQure (QURE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.68B
Dividend YieldN/A
Average Volume (3M)2.51M
Price to Earnings (P/E)―
Beta (1Y)1.60
Revenue Growth-10.44%
EPS Growth19.99%
CountryUS
Employees221
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-3.51
Shares Outstanding68,012,540
10 Day Avg. Volume1,371,100
30 Day Avg. Volume2,508,469
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)6.92
Price to Sales (P/S)85.48
P/FCF Ratio-7.73
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$66.33Price Target Upside277.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)-3.68
Revenue Forecast (FY)$20.98M
uniQure Business Overview & Revenue Model
Company Description
uniQure N.V. develops treatments for patients suffering from rare and other devastating diseases in the United States. The company offers HEMGENIX that allows people living with hemophilia B to produce factor IX, which can lower the risk of bleedi...
How the Company Makes Money
uniQure makes money primarily through (1) collaboration and license revenue and (2) related payments from partners tied to development progress and commercialization. A key historical driver has been its partnered hemophilia B gene therapy program...
uniQure Earnings Call Summary
Earnings Call Date:Mar 02, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 04, 2026
Earnings Call Sentiment Neutral
The call communicated major positive clinical advances (notably strong 3‑year AMT‑130 efficacy, supportive Fabry and TLE data) and a strengthened balance sheet, but these were tempered by significant regulatory resistance from the FDA (recommendation for a sham‑controlled Phase III), safety‑related pauses/holds in two programs (AMT‑191 dosing pause and AMT‑162 hold), and a substantial year‑over‑year revenue decline. Management emphasized active regulatory engagement, continued data generation (4‑year AMT‑130 analysis) and pursuit of ex‑U.S. pathways and early access options, while acknowledging material uncertainty around Phase III design, cost and feasibility.Positive Updates
AMT-130: Robust 3‑Year Clinical Efficacy
Phase I/II 3‑year data demonstrated a statistically significant 75% slowing of disease progression on the composite UHDRS and a 60% slowing on Total Functional Capacity versus an external Enroll HD comparator; reduction in neurofilament light and supportive trends across other clinically meaningful endpoints. Company plans a 4‑year analysis in Q3 2026 and intends to amend the SAP and submit the analysis to regulators.
Negative Updates
Regulatory Setback: FDA Recommends Sham‑Controlled Phase III
At a Type A meeting the FDA stated Phase I/II data compared to an external control are unlikely to provide primary evidence for a BLA and strongly recommended a randomized double‑blind sham surgery‑controlled Phase III trial, creating a material regulatory and feasibility hurdle and potential need for a large, costly, and ethically sensitive study.
Read all updates
Q4-2025 Updates
Positive
Negative
AMT-130: Robust 3‑Year Clinical Efficacy
Phase I/II 3‑year data demonstrated a statistically significant 75% slowing of disease progression on the composite UHDRS and a 60% slowing on Total Functional Capacity versus an external Enroll HD comparator; reduction in neurofilament light and supportive trends across other clinically meaningful endpoints. Company plans a 4‑year analysis in Q3 2026 and intends to amend the SAP and submit the analysis to regulators.
Read all positive updates
Company Guidance
The key regulatory guidance from the call was that the FDA reaffirmed it is unlikely to accept Phase I/II data versus an external control as primary evidence and strongly recommended a randomized, double‑blind, sham surgery‑controlled Phase III study (discussed at an October 2025 pre‑BLA and a Type A meeting on Jan 30, 2026, with minutes received Feb 27), prompting uniQure to plan a Type B meeting in Q2 2026 to discuss Phase III design and to amend the Phase I/II SAP to include a 4‑year analysis expected in Q3 2026 (including 12 patients at 4 years and all patients reaching 3 years); uniQure noted its 3‑year AMT‑130 data showed a 75% slowing on the composite UHDRS and 60% slowing on Total Functional Capacity with reductions in neurofilament light versus an Enroll HD external comparator (>30,000 participants, 14 years of data), but the 12‑month sham‑controlled U.S. cohort showed no worsening at 12 months, which influenced FDA views; the company will pursue constructive FDA dialogue, ex‑U.S. regulator discussions (e.g., EMA/MHRA), and feasibility work (including patient burden/ethical considerations around multiyear sham surgery), while continuing program updates (AMT‑191: 11 patients, all off ERT, dose‑dependent alpha‑Gal A increases durable >1 year to 4 months with 2 mid‑dose Grade 3 LFTs leading to a dosing pause; AMT‑260: six patients in Cohort 1 with ≥6 months follow‑up and Cohort 2 enrollment expected complete by midyear) and citing a cash balance of $622.5M as of 12/31/25 (vs. $367.5M a year earlier, including ~$404.2M raised) with runway into H2 2026.uniQure Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
56
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.09M | 16.10M | 27.12M | 15.84M | 106.48M | 524.00M |
| Gross Profit | 13.41M | 14.41M | 8.79M | 2.21M | 103.14M | 499.03M |
| EBITDA | -129.14M | -116.59M | -160.75M | -253.10M | -108.02M | 319.00M |
| Net Income | -208.87M | -198.97M | -239.56M | -308.48M | -126.79M | 329.59M |
Balance Sheet | ||||||
| Total Assets | 778.71M | 824.91M | 556.54M | 831.69M | 704.96M | 809.18M |
| Cash, Cash Equivalents and Short-Term Investments | 586.55M | 622.54M | 367.52M | 617.89M | 352.84M | 556.26M |
| Total Debt | 63.32M | 536.59M | 66.06M | 138.41M | 142.89M | 135.72M |
| Total Liabilities | 629.36M | 626.01M | 563.29M | 624.02M | 228.96M | 213.40M |
| Stockholders Equity | 149.34M | 198.90M | -6.75M | 207.67M | 476.01M | 595.78M |
Cash Flow | ||||||
| Free Cash Flow | -172.12M | -177.96M | -186.10M | -153.08M | -162.75M | 270.52M |
| Operating Cash Flow | -172.11M | -177.96M | -182.73M | -145.93M | -145.06M | 287.96M |
| Investing Cash Flow | -258.75M | -321.62M | 162.97M | -205.69M | -182.73M | -67.39M |
| Financing Cash Flow | 329.26M | 415.40M | -59.49M | 362.72M | 1.45M | 94.86M |
uniQure Technical Analysis
Positive
17.58
Price Trends
34.03
Positive
25.35
Positive
29.45
Positive
Market Momentum
1.87
Positive
51.95
Neutral
19.85
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QURE, the sentiment is Positive. The current price of 17.58 is below the 20-day moving average (MA) of 44.11, below the 50-day MA of 34.03, and below the 200-day MA of 29.45, indicating a neutral trend. The MACD of 1.87 indicates Positive momentum. The RSI at 51.95 is Neutral, neither overbought nor oversold. The STOCH value of 19.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QURE.
uniQure Risk Analysis
uniQure disclosed 70 risk factors in its most recent earnings report. uniQure reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
uniQure Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $2.68B | -11.47 | -145.81% | ― | -10.44% | 19.99% | |
58 Neutral | $2.31B | -5.37 | 123.57% | ― | 75.92% | -569.22% | |
58 Neutral | $1.89B | -11.99 | -55.68% | ― | ― | 51.42% | |
55 Neutral | $2.30B | -5.46 | -34.11% | ― | 78.34% | -161.91% | |
52 Neutral | $2.51B | -9.34 | -51.15% | ― | -63.29% | 25.39% | |
52 Neutral | $2.35B | -10.79 | -67.40% | ― | ― | -5.22% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
* Healthcare Sector Average
QURE
uniQure
40.25
25.26
168.51%
BCRX
BioCryst
9.29
0.68
7.90%
AGIO
Agios Pharma
39.61
-0.39
-0.98%
IMNM
Immunome
22.32
11.74
110.96%
PHVS
Pharvaris
34.94
11.69
50.31%
AMLX
Amylyx Pharmaceuticals Inc
17.75
9.41
112.83%
uniQure Corporate Events
Business Operations and StrategyPrivate Placements and Financing
uniQure Completes Upsized Public Equity Offering for Growth
Positive
Jun 24, 2026
On June 23, 2026, uniQure N.V. priced an upsized underwritten public offering of 4,945,055 ordinary shares at $45.50 per share, with aggregate gross proceeds expected to be about $225 million. The same day, it entered into an underwriting agreemen...
Business Operations and StrategyProduct-Related Announcements
uniQure Announces Promising Early Data for AMT-260
Positive
Jun 22, 2026
On June 19, 2026, uniQure reported initial six‑month data from the first, low‑dose cohort in its Phase I/IIa GenTLE trial of AMT‑260, an in vivo gene therapy for refractory mesial temporal lobe epilepsy, presented at the Epilepsy...
Business Operations and StrategyProduct-Related AnnouncementsRegulatory Filings and Compliance
uniQure moves toward accelerated FDA approval for AMT-130
Positive
Jun 17, 2026
On June 17, 2026, uniQure announced that the U.S. FDA has agreed the three-year analysis from its Phase I/II trial of AMT-130 in Huntington’s disease can serve as the primary basis for a Biologics License Application seeking accelerated appr...
Business Operations and StrategyExecutive/Board ChangesStock BuybackRegulatory Filings and ComplianceShareholder Meetings
uniQure Implements Share Capital and Governance Amendments
Positive
Jun 15, 2026
At its annual meeting on June 10, 2026, uniQure shareholders approved a broad slate of governance and capital measures, including adoption of the 2025 Dutch statutory accounts, discharge of board liability, reappointment of three non-executive dir...
Business Operations and StrategyProduct-Related AnnouncementsRegulatory Filings and Compliance
uniQure advances AMT-130 toward UK marketing approval
Positive
Apr 30, 2026
On April 30, 2026, uniQure announced it had held a successful pre-submission meeting with the UK Medicines and Healthcare products Regulatory Agency regarding AMT-130, its investigational gene therapy for Huntington’s disease, and plans to f...
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.