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Caris Life Sciences, Inc.

CAI NASDAQ Categories PDF
Healthcare · Biotechnology · United States · Updated May 10, 8:14pm
$16.15
Price
$4.6B
Market Cap
1,769
Employees
1.09
Beta
David Dean Halbert
CEO
Business Description

Caris Life Sciences, Inc., an artificial intelligence TechBio company, provides molecular profiling services in the United States and internationally. It develops and commercializes solutions to transform healthcare using molecular information, and machine learning algorithms. The company's molecular profiling services portfolio includes MI Profile, a tissue-based molecular profiling solution; and Caris Assure, a blood-based molecular profiling solution for cancer treatment. It also offers pharma research and development services comprising laboratory delivery, strategic data, and research services to biopharmaceutical customers. The company was founded in 2008 and is headquartered in Irving, Texas.

Business History
Price Overview
Last updated: May 11, 2026 1:49pm (8m ago)
$16.23
+0.08 (+0.50%)
Day Range
$15.70 – $16.46
52-Week Range
$15.70 – $42.50
50-Day MA
$19.08
200-Day MA
$26.25
Volume
2,204,813.00
Analyst Price Targets
Low $21.00
Consensus $28.60
High $38.00
(9 analysts)
Share Structure
Outstanding 282,579,930.00
Float 11,290,754.00
Free Float 4.0%
Very low free float — 4.0% of shares trade freely, ~96% held by insiders/institutions
Thinly traded — expect wider bid-ask spreads and sharp price swings on modest volume. Institutional investors may avoid due to liquidity constraints.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
134.95
Stock Price: $16.15
EPS (Diluted): -1.90
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
78.14
Stock Price: $16.15
Total Equity: $577.31M
Shares: 1,672,056,160
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
36.04
Market Cap: $4.56B
Total Debt: $378.99M
Cash: $797.80M
EBITDA: $11.38M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$44.7B
Market Cap: $4.56B
Total Debt: $378.99M
Cash: $797.80M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
66.4%
Gross Profit: $539.17M
Revenue: $812.03M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
5.6%
Operating Income: $45.11M
Revenue: $812.03M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-66.2%
Net Income: -$537.96M
Revenue: $812.03M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
6.5%
Net Income: -$537.96M
Total Equity: $577.31M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
14.2%
Operating Income: $45.11M
Tax Rate: -690.1%
Equity: $577.31M
Total Debt: $378.99M
Cash: $797.80M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
7.85
Current Assets: $997.80M
Current Liabilities: $127.15M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.66
Short-Term Debt: $169,000
Long-Term Debt: $378.82M
Total Debt: $378.99M
Total Equity: $577.31M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$0.49
Revenue: $812.03M
Shares: 1,672,056,160
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$0.35
Total Equity: $577.31M
Shares: 1,672,056,160
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$0.04
Operating CF: $83.16M
CapEx: -$16.26M
Shares: 1,672,056,160
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $16.15
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$537.96M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares CAI against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2020 2022 2023 2024 2025
Revenue $294.0M $258.5M $306.1M $412.3M $812.0M
Cost of Revenue $109.9M $178.5M $216.8M $233.5M $272.9M
Gross Profit $184.2M $80.0M $89.3M $178.8M $539.2M
Operating Expenses $45.1M $395.8M $408.9M $435.9M $494.1M
Operating Income $139.1M -$315.8M -$319.6M -$257.1M $45.1M
Net Income $27.7M -$320.8M -$341.4M -$281.9M -$538.0M
EBITDA $254.5M -$245.9M -$260.8M -$183.0M $11.4M
EPS $1.55 $-1.57 $-1.82 $-2.70 $-1.90
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2020 2022 2023 2024 2025
Cash & Equivalents $53.5M $107.2M $56.4M $64.0M $797.8M
Total Current Assets $214.7M $516.0M $242.6M $215.7M $997.8M
Total Assets $2.6B $717.4M $412.9M $343.7M $1.1B
Current Liabilities $320.3M $136.9M $95.1M $165.4M $127.1M
Long-Term Debt $1.6B $169.6M $166.1M $319.2M $378.8M
Total Liabilities $1.9B $2.4B $2.6B $2.8B $548.4M
Total Equity $702.2M -$1.7B -$2.1B -$2.5B $577.3M
Retained Earnings $503.3M -$1.7B -$2.1B -$2.5B -$2.5B
Cash Flow (Annual)
Metric 2020 2022 2023 2024 2025
Operating Cash Flow $277.0M -$285.7M -$276.1M -$245.2M $83.2M
Capital Expenditure -$219.5M -$42.3M -$22.3M -$8.4M -$16.3M
Free Cash Flow $57.6M -$328.0M -$298.4M -$253.6M $66.9M
Acquisitions (net) $0 $0 $0 $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$7.9M $0 $0 $0 $-113,000
Net Change in Cash -$6.7M -$558.2M -$51.1M $8.0M $732.0M
Analyst Estimates (Annual)
Metric 2027 2028 2029 2030
Revenue $1.2B
$1.2B – $1.2B
 $1.4B
$1.4B – $1.4B
 $1.6B
$1.6B – $1.7B
 $1.8B
$1.8B – $1.9B
EBITDA -$332.8M
-$335.6M – -$330.0M
 -$389.6M
-$390.3M – -$389.0M
 -$446.3M
-$451.6M – -$439.0M
 -$504.5M
-$510.4M – -$496.2M
Net Income $641.9M
$379.7M – $904.1M
 $1.1B
$677.5M – $1.5B
 $1.5B
$1.5B – $1.6B
 $2.0B
$1.9B – $2.0B
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth -12.1% +18.4% +34.7% +97.0%
Gross Profit Growth -56.5% +11.6% +100.2% +201.6%
Operating Income Growth -327.0% -1.2% +19.5% +117.5%
Net Income Growth -1,256.8% -6.4% +17.4% -90.8%
EBITDA Growth -196.6% -6.1% +29.9% +106.2%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-03-06 Power Luke Thomas A-Award 63,971.00 $0.00 $0
2026-03-06 Denton John Russel A-Award 63,971.00 $0.00 $0
2026-03-06 Spetzler David Baxley A-Award 83,162.00 $0.00 $0
2026-03-06 Brille Brian J A-Award 83,162.00 $0.00 $0
2026-03-06 HALBERT DAVID D A-Award 320,112.00 $0.00 $0
2026-02-26 Minor Lloyd A-Award 2,492.00 $20.06 $49,990
2026-02-26 Vacirca Jeff L A-Award 2,492.00 $20.06 $49,990
2026-02-26 Fredrickson David Paul A-Award 2,492.00 $20.06 $49,990
2026-02-26 HALBERT JON A-Award 2,492.00 $20.06 $49,990
2026-02-26 PHILLIPS T DANNY A-Award 3,739.00 $20.06 $75,004
2026-02-26 CASTLEMAN PETER M A-Award 5,509.00 $20.06 $110,511
2026-01-09 CASTLEMAN PETER M M-Exempt 2,500.00 $18.60 $46,500
2026-01-09 CASTLEMAN PETER M M-Exempt 2,500.00 $18.60 $46,500
2025-12-11 Power Luke Thomas M-Exempt 37,500.00 $2.44 $91,500
2025-12-11 Power Luke Thomas M-Exempt 24,750.00 $2.44 $60,390
2025-12-11 Power Luke Thomas S-Sale 60,850.00 $26.56 $1.6M
2025-12-11 Power Luke Thomas S-Sale 1,400.00 $27.16 $38,018
2025-12-11 Power Luke Thomas M-Exempt 37,500.00 $2.44 $91,500
2025-12-10 Brille Brian J G-Gift 650.00 $0.00 $0
2025-12-11 Brille Brian J G-Gift 650.00 $0.00 $0
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27