AEON Biopharma, Inc.
A complete Wall Street Score is unavailable because required model components are missing. Missing model components: revenue, moat, financial, Buffett-style model component. These are scoring components, not a claim that the company has no assets or earnings. Missing inputs are not zero and do not by themselves make this a weak company. Available financial statements and source-backed research remain visible.
AEON · Price history
Price at last available close
$0.25
−$0.01 (-5.08%) 1M
2026-10-27
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Company & revenue
About AEON Biopharma, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
AEON Biopharma, Inc. is a biopharmaceutical company primarily engaged in developing therapies based on botulinum toxins, aimed at treating various debilitating medical conditions. Among its key investigational products is ABP-450, a 900 kDa botulinum toxin complex, which is being advanced for therapeutic use in conditions such as migraine, cervical dystonia, and gastroparesis. The entity, originally known as ALPHAEON Corporation, adopted the name AEON Biopharma, Inc. in December 2019.
How they make money
AEON Biopharma is a clinical-stage biopharmaceutical company that does not currently generate revenue from product sales. Its business model focuses on the development and future commercialization of its lead product candidate, ABP-450, a botulinum toxin complex, for various therapeutic indications.
Products & services
The company's primary product candidate is ABP-450 (prabotulinumtoxinA), which is being developed as a biosimilar to BOTOX (onabotulinumtoxinA) for therapeutic uses.
Brands & revenue mix
Lead product candidate being developed as a biosimilar to BOTOX.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Healthcare providers and patients requiring therapeutic botulinum toxin treatmentsSource
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Contract Manufacturing Organizations — The company relies on third-party contract manufacturing organizations for the production of its clinical trial materials and future commercial supply; specific supplier names are not disclosed.Source
Business relationships & partnerships
- Daewoong Pharmaceutical Co., Ltd. — The company has an exclusive license agreement with Daewoong for the development and distribution of ABP-450 in the U.S., Canada, the European Union, the United Kingdom, and other select international markets.Source
Competitors
- AbbVie Inc. — Manufacturer of BOTOX, the reference product for the company's ABP-450 biosimilar program.Source
Strengths
Sources
Company-specific research
Questions worth answering for AEON
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •How long can AEON fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Does AEON's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What specifically needs to improve for AEON to reach sustainable profitability?
- •What future growth or profitability would be needed to justify AEON's current valuation?
- •What does the current corporate distress warning mean for the reliability or interpretation of AEON's score?
Essential Investment Snapshot
Market Cap
$12.4M
P/E Ratio
-0.1
EPS
$-3.77
52-Week High
$1.45
52-Week Low
$0.18
Beta
0.65
Shares Outstanding
44.2M
Total Debt
$2.8M
Dividend
No current dividend
Liquidation Value / Share
$-0.35
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
High movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for AEON
Detected from reported data — verify before acting.MAJOR RED FLAG: Reverse split proposed / authorized
A recent SEC filing discusses authorization, approval, or a proposal for a reverse stock split. This is treated as a major distress/listing-risk signal and caps Wall Street Score below 30 while pending.
Supporting filingCRITICAL: Going-concern warning
A recent SEC filing contains explicit going-concern language. Wall Street Score is capped at 15 until the distress condition is resolved in later filings.
Supporting filingCRITICAL: Bankruptcy / liquidation risk
A recent SEC filing contains bankruptcy/liquidation language. Wall Street Score is capped at 10.
Supporting filingCommunity Sentiment
0 active · 0 total callsNo personal call yet on AEON.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Exclusive development and distribution rights for ABP-450 in major global markets.
- +Management team with extensive experience in the botulinum toxin market.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Biotechnology industry.
- −History of operating losses and dependence on additional capital to fund operations.
- −Reliance on a single product candidate (ABP-450) and third-party manufacturers.
- −A recent SEC filing discusses authorization, approval, or a proposal for a reverse stock split. This is treated as a major distress/listing-risk signal and caps Wall Street Score below 30 while pending.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
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Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailableCurrent Price
$0.25
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· |
| Cost of Revenue | $39K | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· |
| Gross Profit | -$39K | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· |
| Research & Development | $7.2M | $4.1M | $14.2M | $33.0M | ···· | ···· | ···· | ···· |
| SG&A Expenses | $12.7M | $12.2M | $13.6M | $19.8M | ···· | ···· | ···· | ···· |
| Operating Expenses | $19.8M | $12.8M | -$73.0M | $348.1M | ···· | ···· | ···· | ···· |
| EBITDA | -$25.7M | -$16.2M | -$27.7M | -$52.7M | ···· | ···· | ···· | ···· |
| Operating Income | -$19.9M | -$12.8M | $73.0M | -$348.1M | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· |
| Income Before Tax | -$54.6M | -$39.2M | $42.0M | -$384.6M | ···· | ···· | ···· | ···· |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· |
| Net Income | -$54.6M | -$39.2M | $42.0M | -$384.6M | ···· | ···· | ···· | ···· |
| Basic EPS | $-3.77 | $-3.95 | $77.74 | $-744.83 | ···· | ···· | ···· | ···· |
| Basic Shares | 50.53M | 9.92M | 540K | 516K | ···· | ···· | ···· | ···· |
| Diluted Shares | 50.53M | 9.92M | 576K | 516K | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$0
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.02
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-83.1%
Cash Change
-59.3%
Margin Change
Not available
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Debt reduced
What Weakened
- Cash position declined
Potential Score Impact
Positive indicators included debt levels. Pressure indicators included EPS growth, cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
EPS declined 96.2%. Cash declined 59.3%. Total debt declined 83.1%.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
BiotechnologyNews
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AEON Biopharma FDA Type 2b Meeting Feedback Clarifies Biosimilar Development Plan for ABP-450
AEON Announces Positive Pilot Forced Degradation Results Supporting Analytical Comparability of ABP-450 to BOTOX®
AEON Biopharma to Participate in Lake Street Capital Markets' 10th Annual Best Ideas Growth (BIG10) Conference
Rumor Mill · AEON
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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