DELCATH SYSTEMS, INC.(DCTH)Stock Analysis
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Rank #1,188 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
DCTH Stock Analysis & AI Quality Score
AI stock analysis and institutional research for DELCATH SYSTEMS, INC. (DCTH), a Healthcare sector company. 13F Pro's AI-powered ranking engine scores DCTH at 54.9/100 on a 32-signal composite quality model, placing it at rank #1,188 of 2,879 stocks — the top half of the AI-ranked universe. DCTH scores in the top quartile across revenue growth (96.7). Areas of concern include revenue scale (16.3) and earnings quality (30.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 6.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), DELCATH SYSTEMS, INC. reports quarterly revenue of $25.0M, net income of $-1.1M, an operating margin of -6.6%. Top institutional holders of DCTH by reported 13-F value include Rosalind Advisors,, BlackRock,, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. DCTH trades on the Nasdaq exchange and files with the SEC under CIK 872912. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate DCTH 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 DELCATH SYSTEMS, INC. directly from SEC EDGAR. DELCATH SYSTEMS, INC.'s 13F Pro composite quality score has ranged between 28 and 62 since 2025, currently 54.9 — an improving long-term trajectory across 12 quarterly and live scoring snapshots.
Revenue
Q1 2026
$25.0M
Net Income
Q1 2026
$-1.1M
Free Cash Flow
Q1 2026
$287.0K
Operating Margin
Q1 2026
-6.6%
ROIC
Q1 2026
-1.5%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+129.1% YoYNet Income
+110.2% YoYOperating Income
+105.3% YoYEPS (Diluted)
+107.5% YoYTotal Assets
+61.4% YoYTotal Debt
Op. Cash Flow
+220.5% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $85.2M +129.1% | $37.2M +1701.7% | $2.1M -24.1% | $2.7M -23.5% | $3.6M | — |
| Net Income | $2.7M +110.2% | $-26.4M +44.7% | $-47.7M -30.6% | $-36.5M -42.3% | $-25.6M -6.2% | $-24.2M |
| Operating Income | $660.0K +105.3% | $-12.4M +67.5% | $-38.2M -12.8% | $-33.9M -38.0% | $-24.5M -15.2% | $-21.3M |
| EPS (Diluted) | $0.07 +107.5% | $-0.93 +68.4% | $-2.94 +28.6% | $-4.12 -14.8% | $-3.59 +57.0% | $-8.35 |
| Total Assets | $123.6M +61.4% | $76.6M +98.4% | $38.6M +116.2% | $17.9M -46.1% | $33.1M -4.4% | $34.6M |
| Total Debt | — | $0.00 -100.0% | $10.2M -35.3% | $15.7M | — | — |
| Operating Cash Flow | $22.5M +220.5% | $-18.7M +40.2% | $-31.3M -25.3% | $-24.9M -10.4% | $-22.6M +1.2% | $-22.9M |
AI Insight: DCTH Financial Trends
Revenue tripled from $8M to $25M in six quarters, but operating losses have re-emerged in the most recent two periods despite that top-line momentum.
• Revenue surged from $8M in Q2 2024 to $25M in Q1 2026, a ~3x increase over six quarters.
• Operating cash flow turned positive in Q1 2025 ($2M) and peaked at $8M in Q4 2025, a meaningful improvement from persistent negatives in 2024.
• Total debt was eliminated by Q4 2024 (from $4M in Q2 2024), while equity expanded from $4M to $113M in Q1 2026.
• Operating income turned negative again in Q3 2025 (-$0M) and Q4 2025 (-$2M), persisting into Q1 2026 (-$2M) after profitable Q1–Q2 2025.
⚠ Operating income has been negative three consecutive quarters through Q1 2026 — monitor whether rising costs are outpacing revenue growth.
⚠ Revenue dipped from $24M in Q2 2025 to $21M in Q3–Q4 2025 before recovering to $25M — watch for sustained sequential growth resumption.
⚠ Operating CF dropped sharply to $1M in Q1 2026 from $8M in Q4 2025 — a potential early stress signal worth tracking.
AI Insight: DCTH Ratio Trends
DCTH's profitability has reversed sharply after a mid-2025 peak, with operating margin falling from 10.7% in Q2 2025 to -6.6% in Q1 2026.
• Operating margin peaked at 10.7% in Q2 2025 but deteriorated to -10.5% in Q4 2025 and -6.6% in Q1 2026.
• ROIC turned negative in Q3 2025 at -1.4%, worsened to -7.8% in Q4 2025, and remained negative at -5.8% in Q1 2026.
• TTM net profit margin is barely positive at 0.6%, masking three consecutive quarterly net losses through Q1 2026.
⚠ Four consecutive quarters of margin deterioration since Q2 2025 peak — watch whether Q2 2026 signals stabilization or continued decline.
⚠ D/E data is absent from Q1 2025 onward; leverage trajectory is unverifiable and warrants direct balance-sheet scrutiny.
⚠ ROA dropped from 9.2% in Q2 2025 to -3.4% in Q1 2026 — asset productivity eroding rapidly over three quarters.
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Available Research
13F Pro tracks comprehensive data for DELCATH SYSTEMS, INC. including:
Top Institutional Holders of DCTH
Rosalind Advisors, Inc.
$30.6M3,300,389 shBlackRock, Inc.
$16.6M1,784,466 shVANGUARD CAPITAL MANAGEMENT LLC
$12.3M1,329,288 shPropel Bio Management, LLC
$9.2M979,698 shGEODE CAPITAL MANAGEMENT, LLC
$6.4M692,031 shSTATE STREET CORP
$6.2M664,428 shPrivate Wealth Advisors, LLC
$5.5M591,524 shMILLENNIUM MANAGEMENT LLC
$5.5M588,055 shDivisadero Street Capital Management, LP
$4.6M499,796 shIkarian Capital, LLC
$4.0M431,251 sh
| Fund | Value | Shares |
|---|---|---|
| Rosalind Advisors, Inc. | $30.6M | 3,300,389 |
| BlackRock, Inc. | $16.6M | 1,784,466 |
| VANGUARD CAPITAL MANAGEMENT LLC | $12.3M | 1,329,288 |
| Propel Bio Management, LLC | $9.2M | 979,698 |
| GEODE CAPITAL MANAGEMENT, LLC | $6.4M | 692,031 |
| STATE STREET CORP | $6.2M | 664,428 |
| Private Wealth Advisors, LLC | $5.5M | 591,524 |
| MILLENNIUM MANAGEMENT LLC | $5.5M | 588,055 |
| Divisadero Street Capital Management, LP | $4.6M | 499,796 |
| Ikarian Capital, LLC | $4.0M | 431,251 |
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Popular Research
Is DCTH a good stock to buy?
13F Pro's AI-powered analysis of DELCATH SYSTEMS, INC. (DCTH) 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 DCTH are available on the DCTH 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 DCTH?
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 DCTH. 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 DELCATH SYSTEMS, INC.'s investment landscape.