Bicara Therapeutics Inc.
BCAX · Pharmaceutical Preparations · 65.7M shares · +2797%/yr ↑ dilution · EDGAR filings ↗
Reference price $20.42 · est. market cap ~$1.3B — last insider sale, 2026-05-21 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D46Clinical/early-stage biotech — oncology clinical, heavy burn ($107M), very cash-rich.
Strengths
- Liquidity — current ratio 14.6 (90th)
Risks
- Pre-revenue, deep losses — per metrics
- Pre-revenue/clinical-stage — history of losses & need for capital per risk factors
- Binary clinical & funding risk — per 10-K
Notable findings
- High convictionHigh conviction — notable institutional holders, insider buying, and a strong balance sheet
- Cash burnNegative free cash flow (-107.1M)
- Chronic dilutionShare count +2797%/yr over 1y (dilution, book value/share -97%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Insider buyingInsider buying — 1 open-market buy(s) by 1 insider(s) (~$5M, last 6mo) Form 4 ↗
- Strong balance sheetStrong balance sheet — $415M cash & investments, ~16 quarters of runway
- Insider sellingInsider selling — 32 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$4M, last 6mo) Form 4 ↗
- Notable holderHeld by 4 notable fund(s): FMR LLC, CITADEL ADVISORS LLC, STATE STREET CORP +1 more (as of 2026-03-31)
Key metrics
Return on equity
-34.4%
Return on assets
-32.0%
Current ratio
14.6×
Free cash flow
-$107M
Tangible book value
$401M
Cash & investments
$415M
Cash runway
16q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-21 | Hyep Ivan | Option exercise | 9.2K | $3.79 |
| 2026-05-21 | Hyep Ivan | Sell | 9.2K | $20.42 |
| 2026-05-18 | Mazumdar Claire | Sell | 3.0K | $20.35 |
| 2026-05-18 | Mazumdar Claire | Option exercise | 15K | $3.79 |
| 2026-05-18 | Mazumdar Claire | Sell | 12K | $19.96 |
| 2026-05-15 | Cohlhepp Ryan | Option exercise | 8.0K | $3.79 |
| 2026-05-15 | Cohlhepp Ryan | Sell | 8.0K | $20.29 |
| 2026-05-15 | Cohlhepp Ryan | Sell | 4.5K | $20.29 |
| 2026-04-27 | Raben David | Option exercise | 5.5K | $3.79 |
| 2026-04-27 | Raben David | Sell | 5.5K | $22.88 |
| 2026-04-21 | Hyep Ivan | Option exercise | 9.2K | $3.79 |
| 2026-04-21 | Hyep Ivan | Sell | 9.2K | $23.00 |
| 2026-04-20 | Mazumdar Claire | Sell | 15K | $23.61 |
| 2026-04-20 | Mazumdar Claire | Option exercise | 15K | $3.79 |
| 2026-04-16 | Mazumdar Claire | Option exercise | 8.2K | $4.44 |
| 2026-04-16 | Mazumdar Claire | Option exercise | 7.5K | $3.79 |
| 2026-04-16 | Mazumdar Claire | Option exercise | 7.1K | $5.45 |
| 2026-04-15 | Cohlhepp Ryan | Option exercise | 8.0K | $3.79 |
| 2026-04-15 | Cohlhepp Ryan | Sell | 8.0K | $23.01 |
| 2026-04-15 | Cohlhepp Ryan | Sell | 4.5K | $23.01 |
| 2026-03-25 | Raben David | Option exercise | 5.5K | $3.79 |
| 2026-03-25 | Raben David | Sell | 5.5K | $18.95 |
| 2026-03-23 | Hyep Ivan | Option exercise | 9.2K | $3.79 |
| 2026-03-23 | Hyep Ivan | Sell | 9.2K | $18.52 |
| 2026-03-20 | Mazumdar Claire | Option exercise | 1.6K | $3.79 |
| 2026-03-20 | Mazumdar Claire | Sell | 1.6K | $18.95 |
| 2026-03-19 | Mazumdar Claire | Sell | 6.9K | $18.78 |
| 2026-03-19 | Mazumdar Claire | Option exercise | 6.9K | $3.79 |
| 2026-03-18 | Mazumdar Claire | Sell | 6.5K | $18.84 |
| 2026-03-18 | Mazumdar Claire | Option exercise | 6.5K | $3.79 |
| 2026-03-16 | Cohlhepp Ryan | Sell | 8.0K | $19.66 |
| 2026-03-16 | Cohlhepp Ryan | Option exercise | 8.0K | $3.79 |
| 2026-03-16 | Cohlhepp Ryan | Sell | 4.5K | $19.66 |
| 2026-03-09 | Mazumdar Claire | Sell | 37K | $19.17 |
| 2026-03-09 | Mazumdar Claire | Option exercise | 37K | $3.79 |
| 2026-03-06 | Mazumdar Claire | Option exercise | 3.8K | $3.79 |
| 2026-03-06 | Mazumdar Claire | Sell | 3.8K | $18.75 |
| 2026-03-05 | Mazumdar Claire | Option exercise | 1.8K | $3.79 |
| 2026-03-05 | Mazumdar Claire | Sell | 1.8K | $18.74 |
| 2026-03-04 | Raben David | Sell | 16K | $18.52 |
| 2026-03-04 | Raben David | Option exercise | 16K | $3.79 |
| 2026-03-04 | Hyep Ivan | Sell | 3.0K | $18.25 |
| 2026-03-04 | Hyep Ivan | Option exercise | 3.0K | $3.79 |
| 2026-03-04 | Mazumdar Claire | Option exercise | 2.6K | $3.79 |
| 2026-03-04 | Mazumdar Claire | Sell | 2.6K | $18.73 |
| 2026-03-03 | Cohlhepp Ryan | Sell | 4.5K | $18.16 |
| 2026-03-03 | Cohlhepp Ryan | Option exercise | 13K | $3.79 |
| 2026-03-03 | Cohlhepp Ryan | Sell | 13K | $18.16 |
| 2026-03-03 | Hyep Ivan | Option exercise | 7.3K | $3.79 |
| 2026-03-03 | Hyep Ivan | Option exercise | 6.2K | $3.79 |
| 2026-03-03 | Hyep Ivan | Sell | 14K | $18.22 |
| 2026-03-03 | Raben David | Option exercise | 200 | $3.79 |
| 2026-03-03 | Raben David | Sell | 200 | $18.45 |
| 2026-02-26 | RA CAPITAL MANAGEMENT, L.P. | Buy | 300K | $16.00 |
| 2026-02-25 | Cohlhepp Ryan | Option exercise | 3.1K | $3.79 |
| 2026-02-25 | Cohlhepp Ryan | Sell | 3.1K | $18.04 |
| 2026-02-25 | Cohlhepp Ryan | Sell | 523 | $18.04 |
| 2026-01-22 | Hyep Ivan | Sell | 1.9K | $18.15 |
| 2026-01-22 | Cohlhepp Ryan | Sell | 3.8K | $18.10 |
| 2026-01-22 | Hyep Ivan | Option exercise | 1.9K | $3.79 |
| 2026-01-15 | Cohlhepp Ryan | Sell | 149 | $18.02 |
| 2025-12-26 | Raben David | Option exercise | 20K | $3.79 |
| 2025-12-26 | Cohlhepp Ryan | Option exercise | 25K | $4.44 |
| 2025-12-22 | Hyep Ivan | Sell | 9.2K | $18.31 |
| 2025-12-22 | Hyep Ivan | Option exercise | 9.2K | $3.79 |
| 2025-12-16 | Mazumdar Claire | Option exercise | 30K | $5.45 |
| 2025-12-15 | Cohlhepp Ryan | Option exercise | 8.0K | $3.79 |
| 2025-12-15 | Cohlhepp Ryan | Sell | 8.0K | $18.68 |
| 2025-12-15 | Cohlhepp Ryan | Sell | 4.5K | $18.68 |
| 2025-11-25 | Raben David | Sell | 4.6K | $18.84 |
| 2025-11-25 | Raben David | Sell | 906 | $18.84 |
| 2025-11-25 | Raben David | Option exercise | 4.6K | $3.79 |
| 2025-11-25 | Raben David | Option exercise | 906 | $3.79 |
| 2025-11-24 | Mazumdar Claire | Option exercise | 41K | $3.79 |
| 2025-11-24 | Raben David | Option exercise | 5.5K | $3.79 |
| 2025-11-24 | Raben David | Sell | 5.5K | $18.45 |
| 2025-11-24 | Mazumdar Claire | Sell | 41K | $18.86 |
| 2025-11-24 | Hyep Ivan | Option exercise | 18K | $3.79 |
| 2025-11-24 | Hyep Ivan | Sell | 18K | $18.55 |
| 2025-11-21 | Hyep Ivan | Sell | 605 | $18.15 |
| 2025-11-21 | Hyep Ivan | Option exercise | 605 | $3.79 |
| 2025-11-21 | Cohlhepp Ryan | Option exercise | 8.0K | $3.79 |
| 2025-11-21 | Cohlhepp Ryan | Sell | 8.0K | $18.05 |
| 2025-11-21 | Cohlhepp Ryan | Sell | 4.5K | $18.05 |
| 2025-10-16 | Mazumdar Claire | Sell | 24K | $18.83 |
| 2025-10-16 | Mazumdar Claire | Option exercise | 24K | $3.79 |
| 2025-10-15 | Cohlhepp Ryan | Option exercise | 8.0K | $3.79 |
| 2025-10-15 | Cohlhepp Ryan | Sell | 8.0K | $18.16 |
| 2025-10-15 | Cohlhepp Ryan | Sell | 4.5K | $18.16 |
| 2025-10-15 | Mazumdar Claire | Option exercise | 13K | $3.79 |
| 2025-10-15 | Mazumdar Claire | Sell | 13K | $18.84 |
| 2025-10-13 | Mazumdar Claire | Option exercise | 11K | $3.79 |
| 2025-10-13 | Mazumdar Claire | Sell | 11K | $18.92 |
| 2025-10-09 | Hyep Ivan | Sell | 6.4K | $18.23 |
| 2025-10-09 | Raben David | Option exercise | 22K | $3.79 |
| 2025-10-09 | Hyep Ivan | Option exercise | 6.4K | $3.79 |
| 2025-10-09 | Raben David | Sell | 22K | $18.45 |
| 2025-10-08 | Hyep Ivan | Sell | 5.6K | $18.21 |
| 2025-10-08 | Hyep Ivan | Option exercise | 5.6K | $3.79 |
| 2025-10-07 | Cohlhepp Ryan | Sell | 2.9K | $18.06 |
| 2025-10-07 | Cohlhepp Ryan | Option exercise | 8.0K | $3.79 |
| 2025-10-07 | Cohlhepp Ryan | Sell | 8.0K | $18.06 |
| 2025-10-07 | Hyep Ivan | Sell | 18K | $18.22 |
| 2025-10-07 | Hyep Ivan | Option exercise | 18K | $3.79 |
| 2025-10-06 | Cohlhepp Ryan | Sell | 16K | $18.06 |
| 2025-10-06 | Hyep Ivan | Option exercise | 6.5K | $3.79 |
| 2025-10-06 | Hyep Ivan | Sell | 6.5K | $18.17 |
| 2025-10-06 | Cohlhepp Ryan | Option exercise | 24K | $3.79 |
| 2025-10-06 | Cohlhepp Ryan | Sell | 24K | $18.06 |
| 2025-09-29 | Meisner Lara | Option exercise | 34K | $9.24 |
| 2025-09-29 | Meisner Lara | Sell | 34K | $14.75 |
| 2025-09-15 | Meisner Lara | Option exercise | 16K | $5.45 |
| 2025-09-15 | Meisner Lara | Sell | 16K | $11.49 |
| 2025-06-16 | Meisner Lara | Option exercise | 16K | $5.45 |
| 2025-06-16 | Meisner Lara | Sell | 16K | $10.43 |
| 2025-03-14 | Meisner Lara | Option exercise | 79K | $5.45 |
| 2025-03-14 | Meisner Lara | Sell | 49K | $12.69 |
| 2025-03-14 | Meisner Lara | Sell | 31K | $13.24 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-10 | 2026-06-09 | 0001628280-26-042176 ↗ |
| 8-K | 2026-05-21 | 2026-05-21 | 0001628280-26-037377 ↗ |
| 10-Q | 2026-05-11 | 2026-03-31 | 0001628280-26-033429 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001628280-26-033135 ↗ |
| 10-K | 2026-03-30 | 2025-12-31 | 0001628280-26-022010 ↗ |
| 8-K | 2026-03-30 | 2026-03-30 | 0001628280-26-021868 ↗ |
| 8-K | 2026-02-26 | 2026-02-24 | 0001193125-26-076560 ↗ |
| 8-K | 2026-02-19 | 2026-02-19 | 0001628280-26-009808 ↗ |
| 8-K | 2026-01-12 | 2026-01-12 | 0001628280-26-001766 ↗ |
| 8-K | 2025-12-08 | 2025-12-06 | 0002023658-25-000112 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0002023658-25-000109 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0002023658-25-000107 ↗ |