Elevation Oncology, Inc.

NasdaqCM:ELEV Stock Report

Market Cap: US$21.6m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Elevation Oncology Past Earnings Performance

Past criteria checks 0/6

Elevation Oncology's earnings have been declining at an average annual rate of -10.7%, while the Biotechs industry saw earnings growing at 15.2% annually.

Key information

-10.66%

Earnings growth rate

77.30%

EPS growth rate

Biotechs Industry Growth17.04%
Revenue growth raten/a
Return on equity-102.69%
Net Marginn/a
Last Earnings Update31 Mar 2025

Recent past performance updates

No updates

Recent updates

Seeking Alpha May 03

Elevation Oncology: Mid-2024 EO-3021 Data Could Get Ball Rolling

Summary Results from the phase 1 study, using EO-3021 for the treatment of CLDN 18.2 expressing solid tumors, expected mid-Q3 of 2024; Additional data expected 1st half of 2025. HER3-ADC is another ADC being developed in the pipeline for the treatment of patients with HER3-expressning solid tumors; It has been shown that up to 42% of tumors express HER3. Nomination of ADC candidate for HER3-ADC clinical program expected in the 2nd half of 2024. Plans, to advance EO-3021 in combination with another cancer drug to treat patients with advanced solid tumors, expected in the 1st half of 2024. Read the full article on Seeking Alpha
Seeking Alpha Jan 17

Elevation Oncology: Rising On News, But Not The Time To Buy

Summary Elevation Oncology experienced a significant increase in market capitalization in early 2024 based on positive guidance, but the company's main program is still early and risky. The company is focused on developing EO-3021, a novel antibody-drug conjugate targeting Claudin-18.2, which has shown promising results in preclinical and early clinical studies. They have enough funds to sustain its operations until Q2 2025, but that's right around the time the company says we should expect the next important data update. Read the full article on Seeking Alpha
Seeking Alpha Aug 04

Elevation Oncology GAAP EPS of -$0.86 misses by $0.07

Elevation Oncology press release (NASDAQ:ELEV): Q2 GAAP EPS of -$0.86 misses by $0.07. Q2 total operating expenses $20.11M vs. $5.06M last year. As of June 30, 2022, the company had cash, cash equivalents and marketable securities totaling $122.5M, compared to $132.1M as of March 31, 2022. Co expects its cash, cash equivalents and marketable securities as of June 30, 2022, and following the licensing of EO-3021 and the initial tranche of the loan facility, to fund current operations, including the continued development of seribantumab and EO-3021, into 2024.
Seeking Alpha Jul 28

Elevation Oncology secured $50M loan facility with K2 HealthVentures

Elevation Oncology (NASDAQ:ELEV) secured a $50M senior secured loan facility from funds managed by K2 HealthVentures, a healthcare-focused investment firm.  "This financing supports the expansion of our clinical oncology pipeline with an exciting new opportunity in precision oncology, furthering our mission to bring important new medicines to patients in need," said Joseph Ferra, CFO.
Analysis Article May 10

We're Hopeful That Elevation Oncology (NASDAQ:ELEV) Will Use Its Cash Wisely

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 Jan 25

We're Not Very Worried About Elevation Oncology's (NASDAQ:ELEV) 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 Sep 25

Companies Like Elevation Oncology (NASDAQ:ELEV) Are In A Position To Invest In Growth

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

Revenue & Expenses Breakdown

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


Earnings and Revenue History

NasdaqCM:ELEV Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 250-481629
31 Dec 240-441629
30 Sep 240-421527
30 Jun 240-401525
31 Mar 240-391424
31 Dec 230-461525
30 Sep 230-571635
30 Jun 230-851662
31 Mar 230-951672
31 Dec 220-951679
30 Sep 220-861570
30 Jun 220-591445
31 Mar 220-441133
31 Dec 210-32824
30 Sep 210-31626
30 Jun 210-22319
31 Mar 210-20218
31 Dec 200-17215

Quality Earnings: ELEV is currently unprofitable.

Growing Profit Margin: ELEV is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: ELEV is unprofitable, and losses have increased over the past 5 years at a rate of 10.7% per year.

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

Earnings vs Industry: ELEV is unprofitable, making it difficult to compare its past year earnings growth to the Biotechs industry (21.7%).


Return on Equity

High ROE: ELEV has a negative Return on Equity (-102.69%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/24 17:13
End of Day Share Price 2025/07/22 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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

Elevation Oncology, Inc. is covered by 4 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Silvan TuerkcanCitizens JMP Securities, LLC
Swayampakula RamakanthH.C. Wainwright & Co.
Michael KingH.C. Wainwright & Co.