# Bicycle Therapeutics share price today (Bicycle Therapeutics plc, BCYC)

> Bicycle Therapeutics plc's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. BCYC · Healthcare · Biotechnology · data as of 4 November 2026. Page: https://www.sectoralpha.in/us/stocks/bcyc

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## Key numbers

- Price: $3.72 (−42.2% in a year)
- Revenue (Jun 2026): $629 K (−78.5% on a year ago)
- Profit (Jun 2026), incl. one-off: −$50.3 M (one-off item, see below)
- Operating margin: −8,673.9% (−5,708.1 points on a year ago)
- ROE: −36%, FY25
- ROIC: −16.8%, against a 12.5% cost of capital: −29.3 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Bicycle Therapeutics share price today? Bicycle Therapeutics plc's share price was $3.72 at the close on 4 November 2026. That is 17.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between $3 and $7, and at that close it sat 8% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 47 weeks running. Over the last 1 year the share price moved −53% while the S&P 500 moved +18%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 12 December 2025. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Bicycle Therapeutics pay? Bicycle Therapeutics plc pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Bicycle Therapeutics on? Bicycle Therapeutics is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Bicycle Therapeutics profitable? Bicycle Therapeutics plc posted a net loss of $50.3 M in the Jun 2026 quarter. That quarter includes a one-off gain bigger than its revenue, so the comparison with last year does not reflect normal business. The full FY25 year was a loss of $219 M. That loss is 8,002.1% of the quarter's revenue. The same quarter a year earlier lost $79.0 M. 12 of the last 12 reported quarters were loss-making. Read this profit with care: at −$50.3 M it is bigger than the quarter's whole revenue of $629 K. No business earns more than it takes in from sales, so this is a one-off item (for example a debt settlement, a tax write-back or an asset sale), not money the business earned. The underlying business is running at a −8,673.9% operating margin. The jump on last year, and any P/E built on this profit, come from the one-off, not from a real turn in earnings. ## How much revenue does Bicycle Therapeutics make, and is it growing? Bicycle Therapeutics plc reported $629 K of revenue in the Jun 2026 quarter, −78.5% on the same quarter a year earlier. Over 4 years it has grown 57.8% a year on average. The last full year, FY25, came in at $72.6 M. The last four reported quarters add to $61.2 M. FY25 revenue was $72.6 M, +105.8% on the year before. Recent pace: the last four quarters grew +340.6% on average, against 57.8% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +217.4%, against +24.4% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does Bicycle Therapeutics keep? Bicycle Therapeutics plc's operating margin was −8,673.9% in the Jun 2026 quarter, 5,708.1 percentage points lower than the same quarter a year ago. Across 5 years it has been between −806.6% and −334.6%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −5,708.1 percentage points on the year while gross margin changed −4,111.2 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Bicycle Therapeutics' profit turning into cash? Bicycle Therapeutics plc's cash-flow history is too short to judge how much of its profit turns into cash. In FY25 its operations used $250 M of cash, against −$219 M of profit. After $2.4 M of spending on assets, free cash was −$252 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Bicycle Therapeutics' cash go? Bicycle Therapeutics plc does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $6.5 M on assets over the last 3 years. Averaged over those years that is 3.0% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $6.5 M over the last 3 years. In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it. ## What is Bicycle Therapeutics' P/E ratio, and how does it compare with its own history? Bicycle Therapeutics plc has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Bicycle Therapeutics plc at 3.6× its FY25 revenue of $72.6 M. The P/E comes back here once profit turns positive. ## Is the Bicycle Therapeutics business getting better or worse? Bicycle Therapeutics plc's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Bicycle Therapeutics earn on its capital? Bicycle Therapeutics plc earned a ROE of −36% in FY25. That is up from a low of −49% in FY23. Its return on capital used (ROIC) is 29.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −301.7% net margin and 0.10× asset turnover (sales divided by assets). Why the return is what it is (FY25): a −301.7% net margin × 0.10× asset turnover × 1.18× leverage (assets divided by equity) ≈ −35.6% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: −16.8% − 12.5% = −29.3 percentage points. The 12.5% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Bicycle Therapeutics have too much debt? Bicycle Therapeutics plc has total debt of $14.7 M against shareholder equity of $510 M as of Jun 2026, so its debt is 0.03× its equity, which is very little. Year by year, that ratio went from 0.13 in FY21 to 0.03 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Bicycle Therapeutics shareholding pattern? We have no ownership or short-position figures for Bicycle Therapeutics plc, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 7.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is Bicycle Therapeutics from balance-sheet trouble? For Bicycle Therapeutics plc, the Z-score is 1.44. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 1.44 is inside the danger zone, so the balance sheet is a real risk. ## How does Bicycle Therapeutics rank in its industry? There is no score against its industry: Bicycle Therapeutics plc is not among the largest members shown in this industry comparison for Biotechnology. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Bicycle Therapeutics compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Bicycle Therapeutics in size? Bicycle Therapeutics is the 179th largest of 211 Biotechnology companies on Sector Alpha by market value (scores of 5 November 2026). Just above it: Fulcrum Therapeutics, Inc., Inhibikase Therapeutics, Inc. and Q32 Bio Inc. Just below it: Lineage Cell Therapeutics, Inc., Fate Therapeutics, Inc. and Korro Bio, Inc. ### Biotechnology companies close in size

1. [Fulcrum Therapeutics, Inc.](https://www.sectoralpha.in/us/stocks/fulc) $288 million
2. [Inhibikase Therapeutics, Inc.](https://www.sectoralpha.in/us/stocks/ikt) $285 million
3. [Q32 Bio Inc.](https://www.sectoralpha.in/us/stocks/qttb) $267 million
4. Bicycle Therapeutics plc $261 million
5. [Lineage Cell Therapeutics, Inc.](https://www.sectoralpha.in/us/stocks/lctx) $260 million
6. [Fate Therapeutics, Inc.](https://www.sectoralpha.in/us/stocks/fate) $250 million
7. [Korro Bio, Inc.](https://www.sectoralpha.in/us/stocks/krro) $245 million

[All 211 Biotechnology companies, largest first](https://www.sectoralpha.in/us/sectors/biotechnology#all-companies)

### Companies close in size in other industries

1. [Horizon Technology Finance Corporation](https://www.sectoralpha.in/us/stocks/hrzn) $259 million · Asset Management
2. [Aviat Networks, Inc.](https://www.sectoralpha.in/us/stocks/avnw) $258 million · Communication Equipment
3. Bicycle Therapeutics plc $257 million
4. [Strattec Security Corporation](https://www.sectoralpha.in/us/stocks/strt) $256 million · Auto Parts
5. [Ranpak Holdings Corp.](https://www.sectoralpha.in/us/stocks/pack) $256 million · Packaging & Containers

## What else do people ask about Bicycle Therapeutics? ### What were Bicycle Therapeutics's latest quarterly results? Bicycle Therapeutics plc reported revenue of $629 K and a net loss of $50.3 M for the Jun 2026 quarter. Earnings per share were −$0.72. The operating margin was −8,673.9%, 5,708.1 percentage points lower than a year earlier (as of 4 November 2026). ### What is Bicycle Therapeutics's market cap? Bicycle Therapeutics plc's market capitalisation is $261 M at a stock price of $3.72. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Bicycle Therapeutics performing? Bicycle Therapeutics plc's latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 47 weeks running. This describes what the data did, not a rating (as of 4 November 2026). ### Will Bicycle Therapeutics's stock price go up? This page does not forecast Bicycle Therapeutics plc's stock price. What it shows instead: the stock price is $3.72. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026). ### Where is Bicycle Therapeutics in its business cycle? Bicycle Therapeutics plc's FY25 operating margin was −334.6%, against a 5-year range of −806.6% to −334.6%: the middle of its own range, neither a peak nor a low. The latest quarter was −8,673.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Bicycle Therapeutics story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Bicycle Therapeutics a stock worth studying right now? What the numbers show: Bicycle Therapeutics plc's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). This is research, not advice. We’re not SEBI-registered.