Nanobiotix S.A.

ENXTPA:NANO Stock Report

Market Cap: €1.7b

Nanobiotix Past Earnings Performance

Past criteria checks 0/6

Nanobiotix's earnings have been declining at an average annual rate of -1.1%, while the Biotechs industry saw earnings growing at 18.5% annually. Revenues have been growing at an average rate of 36.3% per year.

Key information

-1.11%

Earnings growth rate

9.55%

EPS growth rate

Biotechs Industry Growth30.80%
Revenue growth rate36.30%
Return on equityn/a
Net Margin-73.52%
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

Narrative Update Aug 07

NANO: CONVERGE Lung Cancer Efficacy Data Will Drive Future Repricing

Analysts have lifted the Nanobiotix fair value estimate from €47.80 to €52.20 after a sharp increase in the Street price target to €60, citing updated efficacy results from Part 1 of the Phase 2 CONVERGE study for JNJ-1900 in stage 3 inoperable non small cell lung cancer as key support. What’s in the News for Nanobiotix Nanobiotix completed a follow on equity offering of €85 million, including American Depositary Shares, ordinary shares and pre funded warrants, with per security prices in the €33.57 to €33.60 range and discounts of about €2 per security.
Narrative Update Jul 24

NANO: CONVERGE Data Will Drive Bullish Repricing Despite Execution Risks

The analyst price target for Nanobiotix has moved from €21.50 to €40.00, with analysts citing updated efficacy data from the Phase 2 CONVERGE study and recent target increases to around €60.00 as key drivers of their revised outlook. Analyst Commentary Recent research updates around Nanobiotix focus heavily on how the Phase 2 CONVERGE efficacy data may affect long term execution, growth prospects and valuation risk.
Narrative Update Jul 10

NANO: CONVERGE Lung Cancer Data Will Drive Repricing Of Future Prospects

Nanobiotix sees its analyst fair value estimate move from €29.24 to €47.80, with analysts pointing to recent upward revisions in price targets following updated CONVERGE study data as key support for the change. Analyst Commentary Recent research updates on Nanobiotix focus on the latest efficacy readouts from the Phase 2 CONVERGE study and how these data points feed into valuation frameworks and execution risk for the company.
Narrative Update Jun 26

NANO: CONVERGE Lung Cancer Data Will Drive Repricing Of Future Prospects

Analysts have raised their fair value estimate for Nanobiotix from €45.00 to €60.00, citing recent price target increases and supportive efficacy data from updated Phase 2 CONVERGE study results. Analyst Commentary Recent Street research on Nanobiotix reflects a cluster of higher price targets following updated efficacy data from the Phase 2 CONVERGE study.
New Narrative Apr 30

Single Asset Reliance And Trial Uncertainty Will Constrain Long Term Earnings Potential

Catalysts About Nanobiotix Nanobiotix develops nanoparticle based drug candidates intended to improve the effectiveness of existing cancer treatments such as radiotherapy and complex systemic therapies. What are the underlying business or industry changes driving this perspective?
New Narrative Apr 16

Radiotherapy Partnership And Curadigm Platform Will Shape A Transformative Future For Cancer Treatment

Catalysts About Nanobiotix Nanobiotix develops nanotechnology based therapies designed to work alongside existing cancer treatments such as radiotherapy. What are the underlying business or industry changes driving this perspective?
New Narrative Apr 01

Radiotherapy Expansion And Nanoprimer Platform Will Shape Long Term Outlook For This Biotech

Catalysts About Nanobiotix Nanobiotix is a biotechnology company focused on nanoscale therapies designed to work with existing treatments such as radiotherapy and complex biologic drugs. What are the underlying business or industry changes driving this perspective?
Analysis Article Jan 31

New Forecasts: Here's What Analysts Think The Future Holds For Nanobiotix S.A. (EPA:NANO)

Nanobiotix S.A. ( EPA:NANO ) shareholders will have a reason to smile today, with the analysts making substantial...
Analysis Article Mar 14

Risks Still Elevated At These Prices As Nanobiotix S.A. (EPA:NANO) Shares Dive 27%

Nanobiotix S.A. ( EPA:NANO ) shareholders won't be pleased to see that the share price has had a very rough month...
Analysis Article Nov 28

Some Confidence Is Lacking In Nanobiotix S.A. (EPA:NANO) As Shares Slide 26%

To the annoyance of some shareholders, Nanobiotix S.A. ( EPA:NANO ) shares are down a considerable 26% in the last...
Analysis Article Jun 29

Nanobiotix S.A.'s (EPA:NANO) 27% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

The Nanobiotix S.A. ( EPA:NANO ) share price has fared very poorly over the last month, falling by a substantial 27...
Analysis Article May 14

Subdued Growth No Barrier To Nanobiotix S.A. (EPA:NANO) With Shares Advancing 26%

Nanobiotix S.A. ( EPA:NANO ) shareholders are no doubt pleased to see that the share price has bounced 26% in the last...
Analysis Article Apr 26

We're Keeping An Eye On Nanobiotix's (EPA:NANO) Cash Burn Rate

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article May 11

Is Nanobiotix (EPA:NANO) Weighed On By Its Debt Load?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article Dec 06

Nanobiotix (EPA:NANO) Has Debt But No Earnings; Should You Worry?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article Jun 04

Is Nanobiotix (EPA:NANO) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Revenue & Expenses Breakdown

How Nanobiotix makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

ENXTPA:NANO Revenue, expenses and earnings (EUR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2533-242023
30 Sep 2521-382128
30 Jun 2510-522133
31 Mar 251-602137
31 Dec 24-7-682141
30 Sep 2418-512142
30 Jun 2442-332243
31 Mar 2439-372240
31 Dec 2336-402238
30 Sep 2321-492136
30 Jun 237-591934
31 Mar 236-581833
31 Dec 225-571833
30 Sep 224-501832
30 Jun 223-431931
31 Mar 223-451931
31 Dec 213-471930
30 Sep 212-451929
30 Jun 212-431827
31 Mar 212-391626
31 Dec 202-341524
30 Sep 202-411627
30 Jun 202-481730
31 Mar 202-491830
31 Dec 193-511930
30 Sep 193-461728
30 Jun 193-421525
31 Mar 193-361423
31 Dec 183-301321
30 Sep 184-281220
30 Jun 184-271119
31 Mar 184-261119
31 Dec 174-261118
30 Sep 174-251216
30 Jun 174-241216
31 Mar 175-231116
31 Dec 165-221017
30 Sep 165-211016
30 Jun 165-19916
31 Mar 165-18815
31 Dec 154-17714
30 Sep 154-15712

Quality Earnings: NANO is currently unprofitable.

Growing Profit Margin: NANO is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: NANO is unprofitable, and losses have increased over the past 5 years at a rate of 1.1% per year.

Accelerating Growth: Unable to compare NANO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NANO is unprofitable, making it difficult to compare its past year earnings growth to the Biotechs industry (1.2%).


Return on Equity

High ROE: NANO's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/14 17:54
End of Day Share Price 2026/08/14 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nanobiotix S.A. is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Philippa GardnerEdison Investment Research
Jonathan MillerEvercore ISI
Emmanuel ParotGilbert Dupont