Apellis Pharmaceuticals, Inc.

Apellis Pharmaceuticals, Inc.

APLSยทNASDAQ

$41.03

-0.073%
HealthcareBiotechnology

Apellis Pharmaceuticals, Inc., a commercial-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic compounds through the inhibition of the complement system for autoimmune and inflammatory diseases. The company's lead product candidate is pegcetacoplan that is in Phase III clinical trials for the treatment of geographic atrophy (GA) in age-related macular degeneration and paroxysmal nocturnal hemoglobinuria (PNH) diseases. It also develops EMPAVELI (systemic pegcetacoplan) for the treatment of cold agglutinin disease (CAD), and hematopoietic stem cell transplantation-associated thrombotic microangiopathy (HSCT-TMA) in hematology; C3 glomerulopathy (C3G), and immune complex membranoproliferative glomerulonephritis (IC-MPGN) in nephrology; and amyotrophic lateral sclerosis (ALS) in neurology. In addition, the company develops APL-2006, a bispecific C3 and VEGF inhibitor for treating complement-mediated disorders; APL-1030, a C3 inhibitor for the treatment of multiple neurodegenerative diseases; and the combination of EMPAVELI and a small interfering RNA, or siRNA for reducing the production of C3 proteins by the liver. It has a collaboration and license agreement with Swedish Orphan Biovitrum AB (publ) to co-develop pegcetacoplan; and a research collaboration with Beam Therapeutics Inc. focused on the use of Beam's base editing technology to discover new treatments for complement-driven diseases. Apellis Pharmaceuticals, Inc. was incorporated in 2009 and is based in Waltham, Massachusetts.

At a Glance

Live Snapshot
Market Cap$5.25B
EPS0.1800
P/E Ratio227.94
Earnings Date07/30/2026
3Y-109.0%
5Y-128.0%
10Y-274.0%
3Y-101.0%
5Y-100.0%
10Y-
3Y-98.0%
5Y-99.0%
10Y-40.0%
APLS

Apellis Pharmaceuticals, Inc. Cash Conversion Engine

APLS ยท NASDAQ
Net Income22.39M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital-85.12M
Others108.06M
Capital Expenditures-313.00K
Free Cash Flow45.01M

Cash Flow Quality Analysis

FCF Conversion Rate

201.1%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

0.7%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+151.0%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$85.12M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

Apellis Pharmaceuticals, Inc. Cash Flow Statement

APLS โ€ข NASDAQ

Apellis Pharmaceuticals, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
OPERATING ACTIVITIES
22.4M
-197.9M
-528.6M
-652.2M
-746.4M
-344.9M
-304.7M
-127.5M
-51M
-27.1M
-46.5M
-10.8M
-4M
0.0
1.8M
1.7M
1.5M
1.5M
859K
596K
0.0
11.9K
0.0
0.0
6.6K
6.3K
0.0
0.0
0.0
0.0
198.3M
0.0
0.0
0.0
153.7K
0.0
0.0
0.0
-271.8K
0.0
114.1M
105.9M
91.1M
70.7M
45.4M
21.1M
7.7M
5.4M
1.1M
545.7K
659.2K
271.8K
108.1M
12.4M
26.4M
61.6M
6.3M
118.6M
18.5M
568.3K
13.6K
1M
26.5M
804.0
271.8K
(0.0)
(1.6M)
(0.0)
(4.9M)
(49K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-85.1M
-18.4M
-200.2M
-15.7M
-93.5M
19.6M
53.3M
-12M
-1.2M
42.6K
628.3K
175K
238.8K
45.3M
-87.9M
-594.7M
-513.7M
-563.1M
-160.5M
-211.1M
-131.2M
-46.6M
-26M
-18.9M
-9.9M
-3.4M
INVESTING ACTIVITIES
-313K
-403K
-773K
-1.5M
-1.1M
-5.4M
-1.7M
(0.0)
(0.0)
(0.0)
(0.0)
-19.9K
(0.0)
(0.0)
(0.0)
(0.0)
-61.4M
-248.7M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-331.9M
-171.3M
-879.1M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
0.0
0.0
0.0
393.3M
420M
567.5M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
99K
61.4M
248.7M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-313K
-403K
-674K
(59.9M)
(247.6M)
-317M
-1.7M
(0.0)
(0.0)
(0.0)
(0.0)
-19.9K
(0.0)
FINANCING ACTIVITIES
8.9M
18.8M
384.4M
380.1M
380.4M
381.4M
109.6M
131.2M
150.1M
0.0
1.7K
0.0
0.0
0.0
365.5M
0.0
0.0
0.0
322.9M
184.2M
0.0
26.4M
0.0
0.0
0.0
-274.6K
-11K
-235M
10.1M
-14.5M
11.9M
-12.1M
94.7M
709.4K
1.2M
0.0
-90.9K
0.0
0.0
8.9M
149.2M
394.5M
365.7M
392.2M
692.2M
388.5M
131.9M
197.4M
14.9M
41.2M
18.8M
7.2M
CASH FLOW SUMMARY
1.3M
-659K
135K
-488K
-2M
359K
4K
-38.4K
0.0
0.0
0.0
0.0
0.0
55.1M
60.3M
-200.8M
-88.7M
74.7M
215.1M
175.7M
624.1K
150.8M
-11.1M
22.4M
8.9M
3.7M
412.6M
352.3M
553.1M
641.8M
567M
352M
176.3M
175.6M
24.9M
36M
13.6M
4.8M
1M
467.8M
412.6M
352.3M
553.1M
641.8M
567M
352M
176.3M
175.6M
24.9M
36M
13.6M
4.8M
45M
-88.3M
-595.5M
-515.3M
-564.2M
-165.9M
-212.8M
-131.2M
-46.6M
-26M
-18.9M
-10M
-3.4M

SEC Filings

APLS - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 14, 2026
May 14, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 04, 2026
April 28, 2026
2026
10-K/A

10-K/A 2025 FY (Amended)

FY

April 28, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 31, 2026
March 30, 2026
2026
8-K

8-K 2026

N/A

March 02, 2026
February 27, 2026
2026
10-K

10-K 2025 FY

FY

February 24, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

January 12, 2026
January 12, 2026
2026
10-Q

10-Q 2025 Q3

Q3

October 30, 2025
September 30, 2025
2025
10-Q

10-Q 2025 Q2

Q2

July 31, 2025
June 30, 2025
2025
Showing 1 to 10 of 125 filings