Summit Therapeutics Inc. financials
Source: EDGAR filings · Built 2026-06-02T04:04:00Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -323.59M | -142.25M | -76.89M | -42.21M | -72.89M | -48.53M |
| EBITDA | — | -225.91M | -609.45M | -70.83M | -84.84M | -51.64M |
| Working Capital | 647.31M | 382.02M | 169.31M | 617.93M | 71.69M | 67.78M |
| Net Debt | -204.38M | -97.64M | 34.67M | 170.16M | -69.01M | -65.95M |
| Operating Margin | — | — | — | -10225.39% | -4764.29% | -6185.23% |
| Net Margin | — | — | — | -11174.75% | -4897.84% | -6127.56% |
| Return on Equity (ROE) | -163.86% | -56.93% | -791.49% | -62.20% | -106.39% | -66.32% |
| Return on Assets (ROA) | -143.72% | -50.81% | -303.00% | -11.86% | -78.15% | -51.41% |
| Current Ratio | 9.87× | 10.15× | 9.30× | 16.93× | 3.80× | 4.41× |
| Debt-to-Equity | 0.03× | 0.02× | 1.37× | 4.10× | 0.03× | 0.01× |
| Effective Tax Rate | 0.00% | 0.00% | 0.00% | — | 0.00% | 0.40% |
| Cash Conversion Ratio | 0.30× | 0.64× | 0.12× | 0.53× | 0.82× | 0.91× |
| Accruals Ratio | -1.01× | -0.18× | -2.65× | -0.06× | -0.14× | -0.04× |
| SBC % of Revenue | — | — | — | 1694.75% | 707.79% | 205.35% |
| CapEx Coverage | -491.52× | -1022.35× | -599.69× | -66.64× | -237.21× | -114.28× |
| Free Cash Flow Per Share | $-0.43 | $-0.20 | $-0.12 | $-0.22 | $-0.55 | $-0.70 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | 0 | 0 | 705.00K | 1.81M | 860.00K |
| Research and Development Expense | — | — | 59.47M | 52.00M | 85.35M | 53.27M |
| Operating Expenses | 1.09B | 226.00M | 609.65M | 87.21M | 108.96M | 73.36M |
| Operating Income (Loss) | — | -226.00M | -609.65M | -72.09M | -86.19M | -53.19M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | — | 0 | -213.00K |
| Net Income (Loss) Attributable to Parent | -1.08B | -221.31M | -614.93M | -78.78M | -88.60M | -52.70M |
| Earnings Per Share, Basic | $-1.44 | $-0.31 | $-0.99 | $-0.41 | $-0.67 | $-0.76 |
| Weighted Average Number of Shares Outstanding, Basic | 747.70M | 718.54M | 619.65M | 193.34M | 131.71M | 69.52M |
| Earnings Per Share, Diluted | $-1.44 | $-0.31 | $-0.99 | $-0.41 | $-0.67 | $-0.76 |
| Weighted Average Number of Shares Outstanding, Diluted | 747.70M | 718.54M | 619.65M | 193.34M | 131.71M | 69.52M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 225.27M | 104.86M | 71.42M | 348.61M | 71.79M | 66.42M |
| Assets, Current | 720.30M | 423.75M | 189.71M | 656.71M | 97.31M | 87.67M |
| Assets | 751.18M | 435.56M | 202.95M | 664.17M | 113.37M | 102.50M |
| Liabilities, Current | 72.99M | 41.73M | 20.41M | 38.78M | 25.62M | 19.89M |
| Liabilities | 92.32M | 46.81M | 125.26M | 537.51M | 30.09M | 23.05M |
| Stockholders' Equity Attributable to Parent | 658.86M | 388.75M | 77.69M | 126.65M | 83.28M | 79.45M |
| Common Stock, Shares, Outstanding | 775.37M | 737.63M | 701.66M | 211.09M | 98.04M | 82.58M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -322.93M | -142.11M | -76.76M | -41.58M | -72.59M | -48.11M |
| Payments to Acquire Property, Plant, and Equipment | 657.00K | 139.00K | 128.00K | 624.00K | 306.00K | 421.00K |
| Net Cash Provided by (Used in) Investing Activities | -174.31M | -205.34M | -587.77M | -624.00K | -306.00K | -421.00K |
| Payments of Dividends | — | — | — | — | — | 0 |
| Net Cash Provided by (Used in) Financing Activities | 617.53M | 381.23M | 86.51M | 620.24M | 77.92M | 50.55M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -122.54M | -102.10M | -221.49M | -128.33M | -61.59M | -48.69M |
| EBITDA | — | — | — | — | — | -65.59M |
| Working Capital | 533.33M | 647.31M | 181.54M | 248.91M | 335.87M | 382.02M |
| Net Debt | -86.48M | -204.38M | -233.13M | -292.32M | -205.08M | -97.64M |
| Return on Equity (ROE) | -34.70% | -33.27% | -120.56% | -218.05% | -18.27% | -15.74% |
| Return on Assets (ROA) | -29.24% | -29.18% | -88.56% | -174.58% | -16.39% | -14.05% |
| Current Ratio | 7.41× | 9.87× | 3.80× | 5.13× | 10.63× | 10.15× |
| Debt-to-Equity | 0.04× | 0.03× | 0.03× | 0.02× | 0.02× | 0.02× |
| Cash Conversion Ratio | 0.65× | 0.47× | 0.95× | 0.23× | 0.97× | 0.80× |
| Accruals Ratio | -0.10× | -0.16× | -0.04× | -1.35× | -0.00× | -0.03× |
| CapEx Coverage | -499.15× | -621.57× | -448.26× | -303.11× | -144.95× | -3476.64× |
| Free Cash Flow Per Share | $-0.16 | $-0.14 | $-0.30 | $-0.17 | $-0.08 | $-0.07 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/B | 26.95× | 20.58× | 80.00× | 60.93× | 41.55× | 33.86× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | — | — | — | — | 0 |
| Research and Development Expense | 132.62M | — | — | — | 51.27M | — |
| Operating Expenses | 195.21M | 224.93M | 234.21M | 568.44M | 66.85M | 65.61M |
| Operating Income (Loss) | — | — | — | — | — | -65.61M |
| Net Income (Loss) Attributable to Parent | -189.42M | -219.17M | -231.79M | -565.71M | -62.91M | -61.20M |
| Earnings Per Share, Basic | $-0.24 | $-0.28 | $-0.31 | $-0.76 | $-0.09 | $-0.09 |
| Weighted Average Number of Shares Outstanding, Basic | 775.46M | 747.70M | 743.42M | 742.62M | 738.08M | 718.54M |
| Earnings Per Share, Diluted | $-0.24 | $-0.28 | $-0.31 | $-0.76 | $-0.09 | $-0.09 |
| Weighted Average Number of Shares Outstanding, Diluted | 775.46M | 747.70M | 743.42M | 742.62M | 738.08M | 718.54M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 106.52M | 225.27M | 238.55M | 297.87M | 211.53M | 104.86M |
| Assets, Current | 616.60M | 720.30M | 246.47M | 309.24M | 370.75M | 423.75M |
| Assets | 647.86M | 751.18M | 261.73M | 324.04M | 383.82M | 435.56M |
| Liabilities, Current | 83.27M | 72.99M | 64.93M | 60.33M | 34.88M | 41.73M |
| Liabilities | 101.92M | 92.32M | 69.47M | 64.60M | 39.49M | 46.81M |
| Stockholders' Equity Attributable to Parent | 545.93M | 658.86M | 192.26M | 259.44M | 344.33M | 388.75M |
| Common Stock, Shares, Outstanding | 776.02M | 775.37M | 744.44M | 742.81M | 741.61M | 737.63M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -122.29M | -101.94M | -220.99M | -127.91M | -61.17M | -48.67M |
| Payments to Acquire Property, Plant, and Equipment | 245.00K | 164.00K | 493.00K | 422.00K | 422.00K | 14.00K |
| Net Cash Provided by (Used in) Investing Activities | -238.00K | -485.16M | 310.85M | 310.92M | 160.11M | 83.48M |
| Net Cash Provided by (Used in) Financing Activities | 3.80M | 573.82M | 43.71M | 9.90M | 7.68M | -23.61M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (SMMT CIK 0001599298),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.