Bicara Therapeutics Inc.(BCAX)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
BCAX Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Bicara Therapeutics Inc. (BCAX), a Healthcare sector company. BCAX is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), Bicara Therapeutics Inc. reports net income of $-56.2M, free cash flow of $-37.6M. Top institutional holders of BCAX by reported 13-F value include RA CAPITAL MANAGEMENT, L.P., Siren, L.L.C., Vestal Point Capital,, based on the most recent SEC filings. BCAX trades on the Nasdaq exchange and files with the SEC under CIK 2023658. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BCAX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Bicara Therapeutics Inc. directly from SEC EDGAR.
Net Income
Q1 2026
$-56.2M
Free Cash Flow
Q1 2026
$-37.6M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
-102.9% YoYOperating Income
-88.9% YoYEPS (Diluted)
+37.8% YoYTotal Assets
-15.5% YoYOp. Cash Flow
-42.9% YoY| Metric | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Net Income | $-137.9M -102.9% | $-68.0M -30.8% | $-52.0M |
| Operating Income | $-155.6M -88.9% | $-82.4M -106.5% | $-39.9M |
| EPS (Diluted) | $-2.52 +37.8% | $-4.05 -284.2% | $-1.05 |
| Total Assets | $431.0M -15.5% | $510.0M +118.0% | $234.0M |
| Operating Cash Flow | $-106.8M -42.9% | $-74.8M -63.8% | $-45.6M |
AI Insight: BCAX Financial Trends
A $345M equity raise in Q1 2026 offset a sharp loss acceleration, but quarterly cash burn hit a new high of $38M.
• Equity jumped from $401M in Q4 2025 to $514M in Q1 2026, implying a significant capital raise despite widening losses.
• Operating loss widened sharply to $60M in Q1 2026 from $41M in Q4 2025, the largest single-quarter loss on record.
• Operating cash outflow reached $38M in Q1 2026, the highest in the tracked period, versus a range of $24M–$30M in prior quarters.
⚠ With no revenue and quarterly burn now at $38M, runway duration depends entirely on timing and size of future capital raises.
⚠ The step-up in Q1 2026 operating losses to $60M warrants scrutiny — monitor whether this reflects a one-time spike or a new baseline.
AI Insight: BCAX Ratio Trends
BCAX's capital returns are deteriorating sharply, with ROIC worsening from -21.7% in Q4 2024 to -46.9% in Q1 2026 as the pre-revenue biotech burns cash.
• ROIC deteriorated steadily from -21.7% in Q4 2024 to -46.9% in Q1 2026, a 25pp decline over five quarters.
• ROE fell from -17.0% in Q4 2024 to -43.8% in Q1 2026, signaling accelerating equity erosion.
• ROA dropped from -16.4% in Q4 2024 to -40.6% in Q1 2026, reflecting rising asset-intensity relative to losses.
⚠ ROIC hit -46.9% in Q1 2026 — the worst reading in the dataset; cash runway and burn rate are critical to monitor.
⚠ OpMargin and NPM remain entirely absent across all periods, limiting visibility into operating cost structure.
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Top Institutional Holders of BCAX
RA CAPITAL MANAGEMENT, L.P.
$144.3M7,255,993 shSiren, L.L.C.
$115.4M5,802,970 shVestal Point Capital, LP
$107.9M5,425,000 shDeep Track Capital, LP
$80.8M4,062,500 shJANUS HENDERSON GROUP PLC
$66.1M3,326,918 shRed Tree Management, LLC
$63.1M3,170,509 shTPG GP A, LLC
$59.9M3,010,425 shBlackRock, Inc.
$56.6M2,843,707 shOmega Fund Management, LLC
$47.6M2,392,150 shRoyalty Pharma Sub-Manager, LLC
$46.7M2,388,150 sh
| Fund | Value | Shares |
|---|---|---|
| RA CAPITAL MANAGEMENT, L.P. | $144.3M | 7,255,993 |
| Siren, L.L.C. | $115.4M | 5,802,970 |
| Vestal Point Capital, LP | $107.9M | 5,425,000 |
| Deep Track Capital, LP | $80.8M | 4,062,500 |
| JANUS HENDERSON GROUP PLC | $66.1M | 3,326,918 |
| Red Tree Management, LLC | $63.1M | 3,170,509 |
| TPG GP A, LLC | $59.9M | 3,010,425 |
| BlackRock, Inc. | $56.6M | 2,843,707 |
| Omega Fund Management, LLC | $47.6M | 2,392,150 |
| Royalty Pharma Sub-Manager, LLC | $46.7M | 2,388,150 |
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Is BCAX a good stock to buy?
13F Pro's AI-powered analysis of Bicara Therapeutics Inc. (BCAX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BCAX are available on the BCAX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own BCAX?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BCAX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Bicara Therapeutics Inc.'s investment landscape.