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Xbrane Biopharma AB (XBRANE) AI Stock Analysis

SE:XBRANE

Xbrane Biopharma AB

(Nasdaq OMX AB:XBRANE)

Select Model
Rating:42.92Neutral
Price Target:SEK 12.50â–¼(-3.85% Downside)
Action:reiterated
Date:11/03/26

The score is primarily constrained by severe losses and ongoing cash burn, while low leverage and generally constructive medium- to long-term technical positioning provide partial support. The negative P/E and lack of dividend yield further limit the score.

Positive Factors
Biosimilar business modelA focused biosimilar strategy targets established biologic medicines while addressing demand for lower-cost treatment alternatives. This gives Xbrane a defined development and commercialization model, with potential to earn through product sales, royalties, milestones, and licensing partnerships.
Negative Factors
Persistent unprofitabilityThe company has not yet demonstrated sustainable earnings despite recent revenue growth. Continued net losses and deeply negative operating margins can limit internally funded investment, increase dependence on external capital, and make the business more sensitive to execution setbacks.

Xbrane Biopharma AB (XBRANE) vs. iShares MSCI Sweden ETF (EWD)

-50%-25%0%25%50%75%SE:XBRANE+22.07%EWD+16.35%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
SEK 291.57M
Dividend Yield
―
Average Volume (3M)
89.17K
Price to Earnings (P/E)
-7.2
Beta (1Y)
0.60
Revenue Growth
-38.80%
EPS Growth
-120.18%
Country
Sweden
Employees
29
Sector
Healthcare
Sector Strength
51
Industry
Biotechnology

Xbrane Biopharma AB Business Overview & Revenue Model

Company Description

Xbrane Biopharma AB (publ) is a biotechnology firm, founded in 2008 and based in Solna, Sweden, that specializes in the creation, manufacturing, and distribution of biosimilar medications. The company's development pipeline includes Xlucane, a ranibi...

How the Company Makes Money

Xbrane makes money primarily through biosimilar-related commercialization and partnering economics. Key revenue streams can include: (1) Net sales/royalties and related commercial income from biosimilar products where Xbrane has a commercial interest...

Xbrane Biopharma AB Financial Statement Overview

Summary

Revenue grew 53.6% and leverage is low, but severe operating and net losses, negative margins, and negative operating and free cash flow materially weaken financial performance.

Income Statement

25Negative

Balance Sheet

75Positive

Cash Flow

15Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue127.95M152.35M198.70M238.73M57.62M11.53M
Gross Profit8.85M74.94M180.47M35.39M41.04M-684.00K
EBITDA-46.96M-16.50M-181.97M-282.03M-149.34M-168.37M
Net Income-62.68M127.24M-266.22M-388.17M-172.23M-191.01M
Balance Sheet
Total Assets618.36M671.62M842.43M653.51M690.51M688.43M
Cash, Cash Equivalents and Short-Term Investments37.41M86.59M124.33M65.40M193.99M295.18M
Total Debt63.93M58.31M191.72M231.48M38.22M44.38M
Total Liabilities91.21M110.97M633.89M482.17M265.63M256.69M
Stockholders Equity527.15M560.65M208.54M171.34M424.89M431.74M
Cash Flow
Free Cash Flow-87.83M-390.33M-185.97M-423.45M-254.04M-296.96M
Operating Cash Flow-76.80M-250.69M-133.73M-406.68M-193.92M-219.61M
Investing Cash Flow-34.38M-37.14M-52.25M-16.77M-60.13M-77.35M
Financing Cash Flow56.47M255.60M243.62M298.70M148.86M349.37M

Xbrane Biopharma AB Technical Analysis

Technical Analysis SentimentPositive
Last Price13.00

Price Trends

50DMA11.36Positive
100DMA10.84Positive
200DMA9.92Positive

Market Momentum

MACD0.84Negative
RSI55.31Neutral
STOCH35.19Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:XBRANE, the sentiment is Positive. The current price of 13.00 is below the 20-day moving average (MA) of 13.14, above the 50-day MA of 11.36, and above the 200-day MA of 9.92, indicating a bullish trend. The MACD of 0.84 indicates Negative momentum. The RSI at 55.31 is Neutral, neither overbought nor oversold. The STOCH value of 35.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:XBRANE.

Xbrane Biopharma AB Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

SE:XBRANE against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SE:CANTASE:CANTA70OutperformSEK 451.68M2.5363.09%―――
SE:HNSASE:HNSA55NeutralSEK 4.00B-4.81――-3.57%8.84%
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
SE:ELICSE:ELIC48NeutralSEK 177.19M-7.55-56.09%――14.10%
SE:BINVSE:BINV47NeutralSEK 357.32M-0.58-128.54%―-83.67%-50.29%
SE:XBRANESE:XBRANE43NeutralSEK 291.57M-7.19-11.52%―-38.80%-120.18%
SE:ATORXSE:ATORX37UnderperformSEK 35.32M-0.02-439.98%―-99.33%64.90%

* Healthcare Sector Average

Performance Comparison

-50%0%50%SE:XBRANESE:HNSASE:ATORXSE:BINVSE:ELICSE:CANTADec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
SE:XBRANE and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SE:XBRANEXbrane Biopharma AB13.002.4523.22%
SE:HNSAHansa Biopharma37.847.4424.47%
SE:ATORXAlligator Bioscience AB0.01-0.36-96.77%
SE:BINVBioInvent International AB4.30-28.85-87.03%
SE:ELICElicera Therapeutics AB2.67-3.27-55.07%
SE:CANTACantargia AB1.72-1.56-47.56%

Xbrane Biopharma AB Corporate Events

Xbrane Builds Biosimilars Momentum with FDA Nod and Growing European Sales

Oct 30, 2026

Xbrane reported third-quarter 2026 revenue of SEK 54.8 million, driven almost entirely by European sales of Ximluci, and an EBITDA loss of SEK 6.6 million, reflecting continued investment in R&D that accounted for 43 percent of operating costs. C...

Xbrane Wins FDA Nod for Lucamzi Biosimilar to Lucentis

Oct 27, 2026

The U.S. Food and Drug Administration has approved Lucamzi, Xbrane Biopharma’s ranibizumab biosimilar to Lucentis, clearing the way for a U.S. launch in 2027 in partnership with commercialization allies. The decision follows extensive analytica...

Xbrane Biopharma to Present Q3 2026 Interim Results Amid Biosimilar Expansion

Oct 23, 2026

Xbrane Biopharma AB, a Stockholm-based biotech focused on cost-efficient biosimilar drugs, is building a portfolio of candidates that target reference products with an estimated EUR 23 billion in annual peak sales. Its lead product Ximluci, a biosimi...

Xbrane Reaches Key Milestone as Xdivane Pivotal Trial Fully Enrolls Melanoma Patients

Oct 13, 2026

Xbrane Biopharma AB and its strategic partner Intas Pharmaceuticals have completed patient recruitment for the pivotal clinical trial of Xdivane™, a biosimilar candidate to Bristol Myers Squibb’s blockbuster oncology drug Opdivo® (ni...

Xbrane Biopharma Sets Nomination Committee Ahead of 2027 AGM

Oct 9, 2026

Xbrane Biopharma AB, a Swedish biotech specializing in cost-efficient biosimilar development, is building a portfolio of biological drugs targeting multi-billion-euro reference markets, with its lead product Ximluci® already authorized and launc...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 02, 2026