Stocks/BMEA

BMEA

Biomea Fusion, Inc.
Healthcare·Biotechnology
$1.38
$82M market cap
Revenue
$0.0M
Free Cash Flow
$-24.9M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--

Biomea Fusion, Inc., a biopharmaceutical company, focuses on the discovery and development of covalent small molecule drugs to treat patients with genetically defined cancers and metabolic diseases. Its lead product candidate is BMF-219, an orally bioavailable, potent, and selective covalent inhibitor of menin, a transcriptional regulator in oncogenic signaling in multiple cancers. The company was incorporated in 2017 and is headquartered in Redwood City, California.

2-Year Price History

$1.42-65.7%
$2.0$4.0$6.0$8.0$10$12volJun 24Oct 24Jan 25May 25Sep 25Jan 26May 26

Quarterly Financials & Projections

Quarterly Waterfall ($ M)
PeriodRevEBITDAOpInNIOCFFCFCapExCashDebtSharesROICIntCovEV/EBITDA
Act2026-Q10.0-12.7-12.8-12.4-11.7-11.7-0.044.71.272.3<-999%----
Act2025-Q40.0-11.7-11.74.6-13.2-13.2-0.055.81.672.3-418.9%----

Valuation & Metrics

Market Stats

Price$1.38
Market Cap$82M
Enterprise Value$39M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-30.3%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD

TTM Financial Snapshot

Revenue$0.0M
Net Income$-7.8M
Free Cash Flow$-24.9M

Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC-2271.4%
WC Change % Rev0.0%
Interest Coverage--

Forward Outlook & Risk

Short Interest

Short % of Float--
Short Shares14.4M
Days to Cover8.0
Change (vs Prior)+1.9%
Need at least 2 settlement dates for chart

Employees

Headcount79
Revenue / Employee$0
Gross Profit / Employee$-1,177

Cash Runway

21.6months
WATCH

Institutional Ownership

Headline & net flow

NEUTRAL
Net flow · still filing
No float data — flow unavailable.

Ownership composition

Active
35.0%(-9.1% YoY)
49 filers
hedge / family / endowment
Retail funds
Fidelity, Schwab, 401(k)
Passive
8.6%(-4.7% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
1.9%(+1.6% YoY)
5 filers
Citadel, Susquehanna
Insiders
Form 4 — latest per insider
0%25%50%75%100%2022-062023-032023-122024-092025-062026-03
ActiveRetail fundsPassiveMarket makersRetail direct

Top holders

Fund$ valueCost basisΔ QoQΔ YoYα lifeFund AUM
FMR LLC$13.5M$16.04+$0+$5.2M-0.0%$1.89T
VANGUARD CAPITAL MANAGEMENT LLCPassive$4.0M$1.53+$4.0M+$4.0M$4.04T
Aisling Capital Management LP$3.1M$1.80+$0+$1.9M+5.6%$476M
RENAISSANCE TECHNOLOGIES LLC$2.0M$2.95+$1.3M+$1.6M+1.2%$63.91B
MARSHALL WACE, LLP$1.8M$4.46+$58K+$1.8M+0.6%$92.71B
CITADEL ADVISORS LLC$1.0M$6.37+$730K+$956K-0.4%$138.22B
Mariner, LLC$1.0M$1.56+$105K+$1.0M-0.1%$85.47B
BlackRock, Inc.Passive$981K$9.58+$14K−$2.3M-0.2%$5.69T
SUSQUEHANNA INTERNATIONAL GROUP, LLPMM$964K$9.49+$232K+$885K-0.6%$77.14B
FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A.$852K$1.24−$114K+$852K+4.2%$2.85B
GEODE CAPITAL MANAGEMENT, LLCPassive$839K$10.92−$23K−$119K+2.3%$1.61T
XTX Topco Ltd$812K$2.01+$412K+$812K-1.9%$5.74B
UBS Group AG$789K$5.96+$208K+$426K-0.3%$562.11B
TWO SIGMA INVESTMENTS, LP$595K$7.52−$53K−$128K-0.9%$117.03B
MORGAN STANLEY$531K$11.87−$40K−$204K-0.3%$1.65T
VANGUARD FIDUCIARY TRUST COPassive$514K$1.53+$514K+$514K$395.83B
JACOBS LEVY EQUITY MANAGEMENT, INC$475K$3.02+$173K+$475K+0.4%$23.79B
JANE STREET GROUP, LLCMM$422K$10.28+$315K+$386K-0.1%$92.10B
SUPERSTRING CAPITAL MANAGEMENT LP$383K$3.15+$0+$383K-1.0%$140M
NORTHERN TRUST CORPPassive$320K$13.49+$0−$136K-0.2%$755.34B
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.

Trading behavior

Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
+0.67%
avg per quarter
Holders (ex-self)
+0.73%
excl. this stock
Buyers (this Q)
+0.10%
28 buyers · $0.01B in
Sellers (this Q)
-1.99%
15 sellers · $0.00B out
alpha coverage: 88% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-7.6%
how holders react when this stock falls
On quiet Qs
+16.2%
−10% to +10% baseline
On rallies (+10%+)
-4.3%
how they react when this stock rises
Holders' portfolio flow this Q
+3.6%
inflows — adds are organic
Sellers' portfolio flow this Q
-9.4%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-6.9%
Holder mid (any stock)
-5.2%
Holder rally (any stock)
-5.1%

Top Holders Over Time

5-year share-count history (top 10 holders by peak, incl. exited) + price

04.7M9.5M14.2M19.0M$1.24$8.68$16$24$312021-062022-062023-062024-062025-062026-03
hover the chart for per-quarter detailprice (right axis)
FMR LLC8.8MCormorant Asset Management, LLCJANUS HENDERSON GROUP PLCBAKER BROS. ADVISORS LPADAGE CAPITAL PARTNERS GP, L.L.C.Laurion Capital Management LPRock Springs Capital Management LPBoxer Capital, LLCDRIEHAUS CAPITAL MANAGEMENT LLCAisling Capital Management LP2.0M

Analyst Coverage

Analyst Coverage
Analyst Ratings
10
3
Buy: 10Hold: 3Consensus: Buy

Corporate

Insider Trading (last 12mo)

Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$197K
4 txns · 2 insiders · 180,000 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
DateSideInsiderTitleSharesPriceDollarsOwned $
2025-12-11BUYErdtmann Rainer Mdirector, officer: See Remarks30,000$1.43$43K$1.04M
2025-12-02BUYHitchcock Michael J.M.director, officer: Interim CEO100,000$0.99$99K$114K
2025-12-01BUYErdtmann Rainer Mdirector, officer: See Remarks10,000$1.05$11K$728K
2025-11-28BUYErdtmann Rainer Mdirector, officer: See Remarks40,000$1.10$44K$752K

Order Flow (FINRA, ~3w lag)

34.2%retail-2.7pp
12.5%dark+2.3pp
week of 2026-04-13
0%10%20%30%40%50%60%24-1125-0225-0525-0825-1126-0226-04retail (non-ATS)dark (ATS)
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.

Filing Risk Analysis

Filing Risk Scores

Biomea Fusion, Inc.: A Dilution Death-Spiral in a Clinical-Stage Vacuum

Overall Risk
9/10
Fraud
3/10
Dilution
10/10
Insolvency
9/10
Earnings Overstated
4/10
Hidden Liabilities
6/10
Legal
2/10
Audit Warnings
10/10
Hidden Upside
2/10
Contextually Acceptable
4/10