Healthcare · Biotechnology
Price
$7.74
Market Cap
$75.0M
Employees
103
Beta
0.10
Avg Volume
70,751
CEO
Richard N. Kender
Business Description
Seres Therapeutics, Inc. is a pioneering microbiome therapeutics firm dedicated to engineering bacterial consortia that modulate host cells and tissues to combat various diseases. Their flagship therapeutic, SER-109, an oral microbiome treatment, has successfully concluded Phase III clinical trials for the management of Clostridioides difficile infection (CDI). The company's pipeline further encompasses SER-155, a synthetically cultured bacterial formulation currently undergoing Phase Ib evaluation. This candidate aims to mitigate the risk of gastrointestinal and bloodstream infections, alongside graft-versus-host disease, in vulnerable patients undergoing allogeneic hematopoietic stem cell or solid organ transplantation. Additionally, Seres Therapeutics is advancing SER-287 and SER-301, both in Phase Ib for ulcerative colitis, as well as SER-401, which targets metastatic melanoma, and SER-262, also directed at Clostridioides difficile infection. Seres maintains strategic alliances through licensing and collaboration agreements with entities such as Nestec Ltd. and Memorial Sloan Kettering Cancer Center. Established in 2010, the company previously operated as Seres Health, Inc. before adopting its current name in May 2015, and it maintains its principal offices in Cambridge, Massachusetts.
Business History
Price Overview
Price at report time · Jul 5, 4:11am (0m ago)
$7.74
Change · Jul 5
-0.20 (-2.52%)
Day Range
$7.48 – $8.06
52-Week Range
$5.31 – $29.98
50-Day MA
$7.30
200-Day MA
$12.59
Volume
129,472.00
Right now · live
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Real-time — the change above is the move since the report (over 0m).
Analyst Price Targets
Low
$12.00
Consensus
$12.00
High
$12.00
(2 analysts)
Share Structure
Outstanding
9,683,930.00
Float
7,339,489.00
Free Float
75.8%
Normal free float
— 75.8% of shares trade freely, ~24.2% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Small absolute float (7.3M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
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)
CALCStock Price / EPS (Diluted)
12.09
Stock Price: $7.74
EPS (Diluted): 0.64
EPS (Diluted): 0.64
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.98
Stock Price: $7.74
Total Equity: $44.22M
Shares: 8,869,742
Total Equity: $44.22M
Shares: 8,869,742
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-3.00
Market Cap: $74.95M
Total Debt: $10.39M
Cash: $45.77M
EBITDA: $9.83M
Total Debt: $10.39M
Cash: $45.77M
EBITDA: $9.83M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$169.0M
Market Cap: $74.95M
Total Debt: $10.39M
Cash: $45.77M
Total Debt: $10.39M
Cash: $45.77M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
-423.8%
Gross Profit: -$3.34M
Revenue: $789,000
Revenue: $789,000
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-11,910.1%
Operating Income: -$93.97M
Revenue: $789,000
Revenue: $789,000
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
721.9%
Net Income: $5.70M
Revenue: $789,000
Revenue: $789,000
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-127.3%
Net Income: $5.70M
Total Equity: $44.22M
Total Equity: $44.22M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-80.3%
Operating Income: -$93.97M
Tax Rate: 0.0%
Equity: $44.22M
Total Debt: $10.39M
Cash: $45.77M
Tax Rate: 0.0%
Equity: $44.22M
Total Debt: $10.39M
Cash: $45.77M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.56
Current Assets: $49.38M
Current Liabilities: $19.32M
Current Liabilities: $19.32M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.23
Short-Term Debt: $10.39M
Long-Term Debt: $0.00
Total Debt: $10.39M
Total Equity: $44.22M
Long-Term Debt: $0.00
Total Debt: $10.39M
Total Equity: $44.22M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$0.09
Revenue: $789,000
Shares: 8,869,742
Shares: 8,869,742
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$4.99
Total Equity: $44.22M
Shares: 8,869,742
Shares: 8,869,742
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.10
Operating CF: $1.12M
CapEx: -$252,000
Shares: 8,869,742
CapEx: -$252,000
Shares: 8,869,742
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $7.74
Stock Price: $7.74
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $5.70M
Net Income: $5.70M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares MCRB 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)
Last updated: Jul 5, 2026 4:11am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $144.9M | $0 | $0 | $0 | $789,000 |
| Cost of Revenue | $0 | $0 | $19.3M | $3.5M | $4.1M |
| Gross Profit | $144.9M | $0 | -$19.3M | -$3.5M | -$3.3M |
| Operating Expenses | $209.4M | $179.9M | $175.8M | $117.8M | $90.6M |
| Operating Income | -$64.5M | -$179.9M | -$195.1M | -$121.3M | -$94.0M |
| Net Income | -$65.6M | -$250.2M | -$113.7M | -$146.6M | $5.7M |
| EBITDA | -$56.7M | -$170.9M | -$181.4M | -$120.3M | $9.8M |
| EPS | $-14.30 | $-46.29 | $-17.77 | $-18.86 | $0.64 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 5, 2026 4:11am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $180.0M | $163.0M | $128.0M | $30.8M | $45.8M |
| Total Current Assets | $303.6M | $194.8M | $175.4M | $38.7M | $49.4M |
| Total Assets | $354.9M | $348.8M | $358.6M | $139.8M | $138.2M |
| Current Liabilities | $82.3M | $85.6M | $98.7M | $41.2M | $19.3M |
| Long-Term Debt | $24.6M | $50.6M | $101.5M | $0 | $0 |
| Total Liabilities | $223.4M | $338.0M | $403.5M | $126.0M | $94.0M |
| Total Equity | $131.5M | $10.8M | -$44.9M | $13.8M | $44.2M |
| Retained Earnings | -$614.4M | -$864.5M | -$978.2M | -$978.1M | -$972.4M |
Cash Flow (Annual)
Last updated: Jul 5, 2026 4:11am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $6.7M | -$228.8M | -$117.4M | -$148.6M | $1.1M |
| Capital Expenditure | -$9.6M | -$9.8M | -$8.0M | $-380,000 | $-252,000 |
| Free Cash Flow | -$2.9M | -$238.6M | -$125.3M | -$149.0M | $865,000 |
| Acquisitions (net) | $0 | -$92.2M | $0 | $0 | $210,000 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $72.0M | -$16.8M | -$35.1M | -$96.7M | $15.0M |
Analyst Estimates (Annual)
Last updated: Jul 5, 2026 4:11am (just now)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$12.9M $8.7M – $17.0M
|
$358,000 $243,180 – $472,819
|
$358,000 $243,180 – $472,819
|
$249,644 $169,576 – $329,711
|
| EBITDA |
$9.3M $6.3M – $12.3M
|
$258,377 $175,509 – $341,245
|
$258,377 $175,509 – $341,245
|
$180,174 $122,387 – $237,960
|
| Net Income |
-$81.4M -$94.4M – -$38.9M
|
-$58.3M -$82.6M – -$34.0M
|
-$103.1M -$143.4M – -$59.0M
|
-$78.1M -$110.6M – -$45.5M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 5, 2026 4:11am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -100.0% | — | — | — |
| Gross Profit Growth | -100.0% | — | +81.7% | +5.3% |
| Operating Income Growth | -179.0% | -8.4% | +37.8% | +22.5% |
| Net Income Growth | -281.5% | +54.5% | -28.9% | +103.9% |
| EBITDA Growth | -201.4% | -6.1% | +33.7% | +108.2% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- 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.
Derivatives
- 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.
Other exempt
- 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.
Other
- 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 |
|---|---|---|---|---|---|
| 2026-07-01 | Berenson Stephen | A-Award | 7,508.00 | $7.94 | $59,614 |
| 2026-07-01 | Rosiello Robert L. | A-Award | 7,508.00 | $7.94 | $59,614 |
| 2026-07-01 | Ausiello Dennis A | A-Award | 7,508.00 | $7.94 | $59,614 |
| 2026-05-15 | Shaff Eric D. | M-Exempt | 722.00 | $0.00 | $0 |
| 2026-05-18 | Shaff Eric D. | S-Sale | 259.00 | $7.53 | $1,950 |
| 2026-05-15 | DesRosier Thomas | M-Exempt | 244.00 | $0.00 | $0 |
| 2026-05-18 | DesRosier Thomas | S-Sale | 79.00 | $7.53 | $595 |
| 2026-05-15 | Shaff Eric D. | M-Exempt | 331.00 | $0.00 | $0 |
| 2026-05-15 | Shaff Eric D. | M-Exempt | 391.00 | $0.00 | $0 |
| 2026-05-15 | DesRosier Thomas | M-Exempt | 111.00 | $0.00 | $0 |
| 2026-05-15 | DesRosier Thomas | M-Exempt | 133.00 | $0.00 | $0 |
| 2026-05-15 | Brady Kelly | M-Exempt | 180.00 | $0.00 | $0 |
| 2026-05-18 | Brady Kelly | S-Sale | 59.00 | $7.53 | $444 |
| 2026-05-15 | Henn Matthew R | M-Exempt | 238.00 | $0.00 | $0 |
| 2026-05-18 | Henn Matthew R | S-Sale | 77.00 | $7.53 | $580 |
| 2026-05-15 | Henn Matthew R | M-Exempt | 97.00 | $0.00 | $0 |
| 2026-05-15 | Brady Kelly | M-Exempt | 91.00 | $0.00 | $0 |
| 2026-05-15 | Henn Matthew R | M-Exempt | 141.00 | $0.00 | $0 |
| 2026-05-15 | Brady Kelly | M-Exempt | 89.00 | $0.00 | $0 |
| 2026-03-04 | Brady Kelly | A-Award | 56,250.00 | $9.13 | $513,563 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MCRB — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.377 · 1648bd22 · 2026-07-04 14:36:23