Emergent BioSolutions Inc.
EBS · Pharmaceutical Preparations · 51.6M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Reference price $8.96 · est. market cap ~$462M — last insider sale, 2026-05-01 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C64Biodefense company (anthrax/Narcan) mid-turnaround — positive FCF but declining government revenue.
Strengths
- Strong free cash flow — FCF $157M (90th), FCF margin 21%
- Operating-profitable — operating margin 13% (85th)
Risks
- Declining revenue — -29%, net income -128%
- Government-procurement concentration — per 10-K
- Leverage — D/E 1.1 (83rd)
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, RENAISSANCE TECHNOLOGIES LLC +2 more (as of 2026-03-31)
- Insider sellingInsider selling — 8 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$552,000, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
56.1%
Operating margin
13.5%
Net margin
7.1%
Return on equity
10.1%
Return on assets
4.0%
ROIC
7.2%
Revenue growth (QoQ)
5.0%
Debt / equity
1.1×
Net debt / EBITDA
1.9×
Current ratio
5.0×
Free cash flow
$157M
EBITDA
$196M
Tangible book value
$86M
Cash & investments
$205M
Stock comp / revenue
2.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | LINDAHL RICHARD S | Tax withheld | 4.0K | $8.00 |
| 2026-06-08 | Williams Paul Anthony | Tax withheld | 694 | $8.00 |
| 2026-06-08 | Glessner Coleen | Tax withheld | 2.0K | $8.00 |
| 2026-06-08 | Hartzel William | Tax withheld | 1.7K | $8.00 |
| 2026-05-01 | DeGolyer Donald W | Sell | 15K | $8.36 |
| 2026-05-01 | Zoon Kathryn C | Sell | 16K | $8.36 |
| 2026-05-01 | Zoon Kathryn C | Sell | 1.1K | $8.97 |
| 2026-05-01 | Dayal Sujata Tyagi | Sell | 13K | $8.36 |
| 2026-05-01 | Dayal Sujata Tyagi | Sell | 980 | $8.94 |
| 2026-05-01 | DeGolyer Donald W | Sell | 954 | $8.96 |
| 2026-04-30 | FOWLER JOHN D JR | Grant | 25K | — |
| 2026-04-30 | Zoon Kathryn C | Grant | 25K | — |
| 2026-04-30 | DeGolyer Donald W | Grant | 25K | — |
| 2026-04-30 | Dayal Sujata Tyagi | Grant | 25K | — |
| 2026-04-30 | Fowler Neal Franklin | Grant | 25K | — |
| 2026-04-30 | White Marvin L | Grant | 25K | — |
| 2026-04-30 | Harsanyi Zsolt | Grant | 25K | — |
| 2026-04-30 | Richard Ronald | Grant | 25K | — |
| 2026-04-30 | Katkin Keith | Grant | 25K | — |
| 2026-04-30 | Katkin Keith | Sell | 15K | $8.28 |
| 2026-04-29 | Glessner Coleen | Grant | 100K | — |
| 2026-04-29 | Lowry Simon C | Grant | 100K | — |
| 2026-04-29 | Perl Jessica | Grant | 104K | — |
| 2026-04-29 | Hartzel William | Grant | 100K | — |
| 2026-04-29 | Williams Paul Anthony | Grant | 100K | — |
| 2026-04-29 | PAPA JOSEPH C | Grant | 188K | — |
| 2026-04-29 | LINDAHL RICHARD S | Grant | 163K | — |
| 2026-04-01 | Williams Paul Anthony | Sell | 4.0K | $8.44 |
| 2026-03-05 | Lowry Simon C | Tax withheld | 11K | $8.44 |
| 2026-03-05 | Perl Jessica | Tax withheld | 6.5K | $8.44 |
| 2026-03-05 | Hartzel William | Tax withheld | 9.5K | $8.44 |
| 2026-03-05 | Williams Paul Anthony | Tax withheld | 9.4K | $8.44 |
| 2026-03-05 | Glessner Coleen | Tax withheld | 8.2K | $8.44 |
| 2026-03-05 | PAPA JOSEPH C | Tax withheld | 37K | $8.44 |
| 2026-03-05 | LINDAHL RICHARD S | Tax withheld | 24K | $8.44 |
| 2026-03-03 | FOWLER JOHN D JR | Grant | 5.0K | $8.99 |
| 2026-03-01 | Williams Paul Anthony | Tax withheld | 116 | $8.15 |
| 2026-03-01 | Glessner Coleen | Tax withheld | 313 | $8.15 |
| 2026-03-01 | LINDAHL RICHARD S | Tax withheld | 683 | $8.15 |
| 2026-02-09 | Perl Jessica | Tax withheld | 918 | $11.03 |
| 2026-02-06 | Hartzel William | Disposition | 5.8K | $10.92 |
| 2026-02-06 | Hartzel William | Tax withheld | 630 | $10.92 |
| 2026-02-06 | Williams Paul Anthony | Disposition | 8.7K | $10.92 |
| 2026-02-06 | Williams Paul Anthony | Tax withheld | 1.0K | $10.92 |
| 2026-02-06 | Glessner Coleen | Disposition | 29K | $10.92 |
| 2026-02-06 | Glessner Coleen | Tax withheld | 2.9K | $10.92 |
| 2026-02-06 | LINDAHL RICHARD S | Disposition | 46K | $10.92 |
| 2026-02-06 | LINDAHL RICHARD S | Tax withheld | 5.6K | $10.92 |
| 2025-12-14 | Lowry Simon C | Tax withheld | 3.5K | $11.41 |
| 2025-12-05 | Richard Ronald | Sell | 7.1K | $12.11 |
| 2025-12-05 | Richard Ronald | Option exercise | 26K | $5.02 |
| 2025-12-05 | Richard Ronald | Tax withheld | 11K | $11.90 |
| 2025-12-05 | Richard Ronald | Sell | 15K | $11.90 |
| 2025-11-11 | Hartzel William | Tax withheld | 610 | $10.88 |
| 2025-11-10 | DeGolyer Donald W | Sell | 18K | $10.54 |
| 2025-11-07 | Dayal Sujata Tyagi | Sell | 8.6K | $10.00 |
| 2025-10-15 | LINDAHL RICHARD S | Tax withheld | 5.0K | $9.60 |
| 2025-10-07 | Glessner Coleen | Sell | 31K | $10.00 |
| 2025-08-15 | Zoon Kathryn C | Sell | 7.1K | $8.87 |
| 2025-08-12 | DeGolyer Donald W | Sell | 7.8K | $8.65 |
| 2025-07-11 | Hartzel William | Tax withheld | 4.3K | $7.36 |
| 2025-06-08 | Hartzel William | Tax withheld | 1.2K | $6.63 |
| 2025-06-08 | Glessner Coleen | Tax withheld | 1.2K | $6.63 |
| 2025-06-08 | Williams Paul Anthony | Tax withheld | 464 | $6.63 |
| 2025-06-08 | LINDAHL RICHARD S | Tax withheld | 2.7K | $6.63 |
| 2025-05-23 | Katkin Keith | Sell | 7.8K | $6.30 |
| 2025-05-13 | PAPA JOSEPH C | Buy | 60K | $5.83 |
| 2025-04-30 | Zoon Kathryn C | Grant | 34K | — |
| 2025-04-30 | Richard Ronald | Grant | 34K | — |
| 2025-04-30 | White Marvin L | Grant | 34K | — |
| 2025-04-30 | Fowler Neal Franklin | Grant | 34K | — |
| 2025-04-30 | Dayal Sujata Tyagi | Grant | 34K | — |
| 2025-04-30 | Katkin Keith | Grant | 34K | — |
| 2025-04-30 | Harsanyi Zsolt | Grant | 34K | — |
| 2025-04-30 | DeGolyer Donald W | Grant | 34K | — |
| 2025-04-30 | SULLIVAN LOUIS W | Grant | 34K | — |
| 2025-04-07 | Glessner Coleen | Tax withheld | 480 | $4.44 |
| 2025-04-07 | Hartzel William | Tax withheld | 561 | $4.44 |
| 2025-03-12 | Fowler Neal Franklin | Sell | 35K | $5.83 |
| 2025-03-12 | Zoon Kathryn C | Sell | 10K | $5.73 |
| 2025-03-06 | LINDAHL RICHARD S | Grant | 147K | — |
| 2025-03-06 | Lowry Simon C | Grant | 62K | — |
| 2025-03-06 | Hartzel William | Grant | 62K | — |
| 2025-03-06 | PAPA JOSEPH C | Grant | 282K | — |
| 2025-03-06 | Glessner Coleen | Grant | 62K | — |
| 2025-03-06 | Hartzel William | Grant | 62K | — |
| 2025-03-06 | Perl Jessica | Grant | 62K | — |
| 2025-03-06 | Williams Paul Anthony | Grant | 62K | — |
| 2025-03-05 | Hartzel William | Tax withheld | 292 | $5.80 |
| 2025-03-01 | Williams Paul Anthony | Tax withheld | 116 | $7.48 |
| 2025-03-01 | Glessner Coleen | Tax withheld | 313 | $7.48 |
| 2025-03-01 | LINDAHL RICHARD S | Tax withheld | 683 | $7.48 |
| 2025-02-28 | Williams Paul Anthony | Tax withheld | 382 | $7.48 |
| 2025-02-28 | LINDAHL RICHARD S | Tax withheld | 1.1K | $7.48 |
| 2025-02-12 | Glessner Coleen | Disposition | 5.9K | — |
| 2025-02-12 | LINDAHL RICHARD S | Disposition | 17K | — |
| 2025-02-12 | Glessner Coleen | Disposition | 24K | — |
| 2025-02-09 | Perl Jessica | Tax withheld | 918 | $10.00 |
All non-derivative Form 4 activity (SEC), newest first.
Clinical trials
| Trial | Title | Phase | Status | Primary completion |
|---|---|---|---|---|
| NCT02061358 ↗ | Study to Determine the Safety, Tolerability and Pharmacokinetics of UV-4B Solution Administered Orally in Healthy Subjects Viral Infection | PHASE1 | Completed | 2015-07-01 |
Source: ClinicalTrials.gov (U.S. NIH) · active studies first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-04-30 | Shareholder voteExhibits | filing ↗ |
| 2026-04-30 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-17 | Material agreement1.023.02Reg FDExhibits | filing ↗ |
| 2026-03-03 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-02-26 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-14 | Reg FDExhibits | filing ↗ |
| 2026-01-12 | Reg FDExhibits | filing ↗ |
| 2025-12-12 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-01 | 2026-03-31 | 0001367644-26-000065 ↗ |
| 8-K | 2026-04-30 | 2026-04-29 | 0001367644-26-000051 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001367644-26-000059 ↗ |
| 8-K | 2026-04-17 | 2026-04-16 | 0001367644-26-000038 ↗ |
| 8-K | 2026-03-03 | 2026-02-25 | 0001367644-26-000019 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001367644-26-000015 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001367644-26-000012 ↗ |
| 8-K | 2026-01-14 | 2026-01-14 | 0001193125-26-013061 ↗ |
| 8-K | 2026-01-12 | 2026-01-12 | 0001367644-26-000003 ↗ |
| 8-K | 2025-12-12 | 2025-12-12 | 0001367644-25-000207 ↗ |
| 8-K | 2025-11-12 | 2025-11-07 | 0001367644-25-000204 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001367644-25-000202 ↗ |