Business Description
Centessa Pharmaceuticals plc operates as a clinical-stage pharmaceutical enterprise focused on discovering, developing, and ultimately providing therapeutic solutions to patients. The company's most advanced product candidates include Lixivaptan, a small molecule inhibitor of the vasopressin V2 receptor, which is currently undergoing Phase III clinical evaluation for treating autosomal dominant polycystic kidney disease. Additionally, SerpinPC, an activated protein C inhibitor, is progressing through Phase IIa clinical development for the management of hemophilia A and B. Centessa's pipeline also features several emerging assets in the clinical proof-of-concept stage. These comprise LB101 (a PD-L1xCD47 LockBody) and LB201 (a PD-L1xCD3 LockBody), both engineered to selectively activate potent CD47 and CD3 effector functions while minimizing systemic side effects. Another molecule, ZF874, is a small molecule pharmacological chaperone in Phase I studies, designed to correct the misfolding of the Z variant of alpha-1-antitrypsin, thus addressing alpha-1-antitrypsin deficiency. Furthermore, MGX292, a recombinant modified BMP9 replacement protein, aims to rectify the deficient BMP9 signaling implicated in Pulmonary Arterial Hypertension. The company is also developing OX2R Agonists, which are selective orexin receptor 2 agonists (available as oral and intranasal formulations) intended to directly target the underlying pathophysiology of orexin neuron loss in Narcolepsy Type 1 by leveraging structural insights. Beyond these, Centessa is exploring further clinical proof-of-concept compounds. CBS001, an anti-LIGHT antibody, is being investigated for inflammatory and fibrotic diseases due to its preferential binding to the inflammatory membrane form of LIGHT. Lastly, CBS004 is a humanized monoclonal antibody specifically targeting BDCA2, a protein found exclusively on plasmacytoid dendritic cells, with potential utility in conditions such as systemic sclerosis, systemic lupus erythematosus, and other autoimmune disorders. Centessa Pharmaceuticals plc was established in 2020 and is headquartered in Altrincham, United Kingdom.
Business History
Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): -1.46
Total Equity: $526.86M
Shares: 135,715,608
Total Debt: $7.57M
Cash: $61.30M
EBITDA: -$183.33M
Total Debt: $7.57M
Cash: $61.30M
Revenue: $15.00M
Shares: 135,715,608
Revenue: $15.00M
Revenue: $15.00M
Revenue: $15.00M
Total Equity: $526.86M
Tax Rate: -0.9%
Equity: $526.86M
Total Debt: $7.57M
Cash: $61.30M
Current Liabilities: $42.94M
Long-Term Debt: $7.57M
Total Debt: $7.57M
Total Equity: $526.86M
Shares: 135,715,608
Shares: 135,715,608
CapEx: -$371,000
Shares: 135,715,608
Stock Price: $40.50
Net Income: -$197.53M
Industry Benchmarks
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
Income Statement (Annual)
Last updated: Jun 21, 2026 7:40pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $6.9M | $0 | $15.0M |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $0 | $0 | $6.9M | $0 | $15.0M |
| Operating Expenses | $374.9M | $212.3M | $178.1M | $201.1M | $222.7M |
| Operating Income | -$374.9M | -$212.3M | -$171.3M | -$201.1M | -$207.7M |
| Net Income | -$381.9M | -$216.2M | -$151.1M | -$235.8M | -$197.5M |
| EBITDA | -$139.3M | -$209.5M | -$165.4M | -$221.9M | -$183.3M |
| EPS | $-4.24 | $-2.31 | $-1.57 | $-2.06 | $-1.46 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:40pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $595.1M | $393.6M | $128.0M | $383.2M | $61.3M |
| Total Current Assets | $628.8M | $437.7M | $315.1M | $536.4M | $367.9M |
| Total Assets | $629.6M | $444.3M | $360.2M | $576.8M | $687.5M |
| Current Liabilities | $24.6M | $38.3M | $39.4M | $58.0M | $42.9M |
| Long-Term Debt | $75.7M | $69.8M | $75.7M | $108.9M | $7.6M |
| Total Liabilities | $138.1M | $108.1M | $124.0M | $175.3M | $160.6M |
| Total Equity | $491.6M | $336.2M | $236.2M | $401.5M | $526.9M |
| Retained Earnings | -$385.7M | -$601.9M | -$752.9M | -$988.7M | -$1.2B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:40pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$136.1M | -$200.5M | -$160.3M | -$142.1M | -$193.8M |
| Capital Expenditure | $-185,982 | -$1.1M | $-169,000 | $-34,000 | $-371,000 |
| Free Cash Flow | -$136.3M | -$201.7M | -$160.5M | -$142.1M | -$194.2M |
| Acquisitions (net) | $63.4M | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $-11,998 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $590.1M | -$201.4M | -$265.6M | $255.2M | -$321.3M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 9:34am (32m ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$25.0M $25.0M – $25.0M
|
$219.9M $219.9M – $219.9M
|
$495.7M $495.7M – $495.7M
|
$882.6M $882.6M – $882.6M
|
| EBITDA |
$5.0M $5.0M – $5.0M
|
$44.0M $44.0M – $44.0M
|
$99.1M $99.1M – $99.1M
|
$176.5M $176.5M – $176.5M
|
| Net Income |
-$236.4M -$260.4M – -$212.4M
|
-$161.5M -$323.2M – $175.0M
|
$110.4M $110.4M – $110.4M
|
$361.9M $361.9M – $361.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:40pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | — | — | -100.0% | — |
| Gross Profit Growth | — | — | -100.0% | — |
| Operating Income Growth | +43.4% | +19.3% | -17.4% | -3.3% |
| Net Income Growth | +43.4% | +30.1% | -56.0% | +16.2% |
| EBITDA Growth | -50.4% | +21.1% | -34.1% | +17.4% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 9:34am (32m ago)All SEC Form 4 codes
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-24 | Medicxi Ventures Management (Jersey) Ltd | S-Sale | 281,162.00 | $38.00 | $10.7M |
| 2026-06-24 | INDEX VENTURES LIFE VI (JERSEY) L.P. | S-Sale | 149,421.00 | $38.00 | $5.7M |
| 2026-06-24 | HUSSAIN IQBAL J | D-Return | 5,500.00 | $38.00 | $209,000 |
| 2026-06-24 | HUSSAIN IQBAL J | D-Return | 221,559.00 | $5.84 | $1.3M |
| 2026-06-24 | HUSSAIN IQBAL J | D-Return | 166,779.00 | $9.42 | $1.6M |
| 2026-06-24 | HUSSAIN IQBAL J | D-Return | 100,000.00 | $20.00 | $2.0M |
| 2026-06-24 | HUSSAIN IQBAL J | D-Return | 160,000.00 | $9.53 | $1.5M |
| 2026-06-24 | HUSSAIN IQBAL J | D-Return | 100,000.00 | $3.85 | $385,000 |
| 2026-06-24 | HUSSAIN IQBAL J | D-Return | 170,000.00 | $8.01 | $1.4M |
| 2026-06-24 | HUSSAIN IQBAL J | D-Return | 175,000.00 | $16.90 | $3.0M |
| 2026-06-24 | HUSSAIN IQBAL J | D-Return | 160,000.00 | $25.19 | $4.0M |
| 2026-06-24 | Bush Tia L | D-Return | 147,954.00 | $38.00 | $5.6M |
| 2026-06-24 | Bush Tia L | D-Return | 360,338.00 | $9.42 | $3.4M |
| 2026-06-24 | Bush Tia L | D-Return | 140,000.00 | $9.53 | $1.3M |
| 2026-06-24 | Bush Tia L | D-Return | 27,187.00 | $3.85 | $104,670 |
| 2026-06-24 | Bush Tia L | D-Return | 145,208.00 | $8.01 | $1.2M |
| 2026-06-24 | Bush Tia L | D-Return | 125,000.00 | $16.90 | $2.1M |
| 2026-06-24 | Bush Tia L | D-Return | 140,000.00 | $25.19 | $3.5M |
| 2026-06-24 | Crowley John J | D-Return | 45,000.00 | $38.00 | $1.7M |
| 2026-06-24 | Crowley John J | D-Return | 600,000.00 | $8.80 | $5.3M |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:40pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-24 | $38.00 |
Narrative Economics
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