Beam Therapeutics Inc. (BEAM) AI Stock Analysis
BEAM AI stock analysis summary
AI ResearchBeam Therapeutics Inc. (BEAM) is a commercial-stage biotechnology firm developing precision genetic medicines with base editing technology. In FY2025, revenue grew 120.0% to $139.7M, though the company recorded a net loss of -$80.0M and negative free cash flow of -$360.0M. With $1.15B in cash and short-term investments as of June 30, 2026, the company holds substantial liquidity despite quarterly revenue falling 94.2% year-over-year in its latest quarter.
- Market cap
- $2.42B
- Revenue (TTM)
- $156.0M
- P/E
- —
- 1Y return
- -9.0% S&P 500 16.8%
- Avg. target
- $52.15 122.2% vs last close
Bull case
- Beam Therapeutics held $1.15B in cash and short-term investments as of June 30, 2026, contributing to a robust current ratio of 14.57.
- Analyst sentiment remains favorable with 12 Strong Buy ratings and a mean price target of $52.15, implying 122.2% upside over the last close of $23.47.
- Net loss narrowed significantly from -$376.7M in FY2024 to -$80.0M in FY2025 as gross margin improved to 84.0%.
Bear case
- The business burned cash heavily in FY2025, recording an operating cash flow deficit of -$345.1M and free cash flow of -$360.0M.
- Short interest represents a substantial portion of trading volume, with short interest at 41.2% of float.
- Quarterly revenue dropped 94.2% year-over-year in the period ended June 30, 2026.
What Beam Therapeutics does
Beam Therapeutics Inc. is a biotechnology company headquartered in Cambridge, Massachusetts, focused on advancing precision genetic medicines for severe diseases across the United States. Founded in 2017, the company uses CRISPR technology to create transformative therapies. Its clinical development pipeline includes BEAM-101 and BEAM-102 for sickle cell disease and beta thalassemia, BEAM-201 for relapsed/refractory T-cell acute lymphoblastic leukemia, and BEAM-301 for Glycogen Storage Disease Type Ia. Additionally, the company is advancing therapeutic programs targeting alpha-1 antitrypsin deficiency, ocular diseases, and disorders of the liver, muscle, and central nervous system through partnerships with organizations including Pfizer Inc., Apellis Pharmaceuticals, Inc., and Verve Therapeutics, Inc.
Growth and profitability
Beam Therapeutics has experienced large revenue swings over recent fiscal years. Top-line revenue surged 520.0% to $377.7M in FY2023, fell 83.2% to $63.5M in FY2024, and rose 120.0% to $139.7M in FY2025. Gross margin recovered from -478.7% in FY2024 to 84.0% in FY2025, while operating margin improved from -654.3% to -274.6%. Net income improved to -$80.0M in FY2025 compared to -$376.7M in FY2024, bringing diluted EPS from -$4.58 to -$1.01. Research and development expenses remained significant at $409.6M in FY2025. For the trailing twelve months ended June 30, 2026, revenue was $156.0M, but revenue fell 94.2% year-over-year in the quarter ended June 30, 2026.
Balance sheet and cash flow
As of June 30, 2026, Beam Therapeutics held $1.15B in cash and short-term investments compared to $247.4M in total debt, yielding net cash of $905.6M. Liquidity is supported by a current ratio of 14.57 and a debt-to-equity ratio of 0.23 against $1.07B in shareholders' equity. Operating cash flow was -$345.1M in FY2025, and with capital expenditures of $14.9M, free cash flow was -$360.0M. The company's share count increased 53.4% over the past five years.
Valuation and performance
At a closing price of $23.47 on October 16, 2026, Beam Therapeutics had a market cap of $2.42B and an enterprise value of $1.61B. The stock trades at a price-to-sales ratio of 15.5x and an EV-to-revenue multiple of 10.3x, above the median price-to-sales multiple of 4.1x for its US-listed Healthcare peers. Its price-to-book ratio is 2.4x. Over the past year, the stock declined 9.0% compared to a 16.8% return for the S&P 500 (SPY). Over five years, the stock dropped 74.8% versus an 83.0% gain for the S&P 500.
What analysts expect
Wall Street coverage includes 12 Strong Buy, 1 Buy, and 2 Hold ratings, with no Sell ratings. The mean price target is $52.15, which is 122.2% above the October 16, 2026 closing price of $23.47. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $48.6M and an EPS of -$4.45. Beam Therapeutics beat consensus EPS estimates in 2 of the last 4 quarters, and its next earnings date is November 3, 2026.
Key risks and what to watch
- Ongoing cash burn could lead to further equity dilution after share count increased 53.4% over five years.
- The stock exhibits elevated market sensitivity, evidenced by a beta of 2.20 and a 52-week range of $20.23 to $38.26.
- Consensus estimates forecast FY2026 revenue of $48.6M, which represents a steep drop from FY2025 revenue of $139.7M alongside an estimated EPS of -$4.45.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this BEAM AI stock analysis
This page is an AI-written research summary of Beam Therapeutics Inc. (BEAM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: BEAM income statement, BEAM balance sheet, BEAM key metrics, BEAM analyst forecast, BEAM chart. See the BEAM stock overview for the latest quote and news.
BEAM AI stock analysis FAQ
Does Beam Therapeutics pay a dividend?
Beam Therapeutics does not pay a dividend. The company directs its resources toward research and development, spending $409.6M on R&D in FY2025.
How much cash does Beam Therapeutics have?
As of June 30, 2026, Beam Therapeutics had $1.15B in cash and short-term investments. After subtracting total debt of $247.4M, net cash stood at $905.6M.
What is the consensus price target for BEAM stock?
The mean analyst price target is $52.15, representing a 122.2% premium over the October 16, 2026 close of $23.47. The stock has 12 Strong Buy, 1 Buy, and 2 Hold ratings.
When is Beam Therapeutics' next earnings report?
The next earnings date for Beam Therapeutics is scheduled for November 3, 2026. For FY2026, consensus estimates project an annual EPS of -$4.45 on revenue of $48.6M.