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Starling Oncology, Inc. (STLN)

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Starling Oncology, Inc. (STLN) reported revenue of $161 million for Q2 FY2026, the quarter ended 30 June 2026, up 34.6% on the same quarter a year earlier. Net income was -$10 million, and diluted earnings per share $-0.08. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$161 millionup 34.6%
Net income-$10 million
Diluted EPS$-0.08
QuarterQ2 FY2026ended 30 June 2026

Starling Oncology (STLN) in brief

Starling Oncology (STLN) reported revenue of $503 million for fiscal 2025, the year ended 31 December 2025, up 27.8% on the year before.
Read moreNet loss was $61 million and the diluted loss per share $0.54. Revenue was $393 million in fiscal 2024, $324 million in fiscal 2023, $252 million in fiscal 2022 and $203 million in fiscal 2021. Net income in the same years was a loss of $65 million, a loss of $83 million, $0 million and a loss of $11 million. Over the twelve months to 30 June 2026, Starling Oncology reported revenue of $587 million and net loss of $36 million. Revenue grew 21.8% a year, compounded, over the five years to fiscal 2025. Starling Oncology had 100 million shares outstanding at the latest filed count. At 30 June 2026 it carried $80 million of debt and $41 million of cash. At the close of 29 October 2026 the market cap of Starling Oncology was $667 million.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin-4.4%
Net margin-6.2%
FCF margin-0.6%
Interest cover-3.42
Debt to equityn/a
Cash conversionn/a
Share count, last 12 months7.7%
Sales CAGR, 3 years25.8%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.28

At the close of 29 October 2026

Price$6.63
Market cap$667 million
Stock P/En/a
Price to bookn/a
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales1.14
52-week high$7.05
52-week low$2.38
Price, 1 year41.2%
Price CAGR, 3 years51.7%
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Starling Oncology, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
STLNgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on STLN

Dividendsno dividend in its filings for fiscal 2020 onward
Filings24 in twelve months: 17 current reports (8-K), about 8 regulation FD disclosure; 5 results of operations; 4 officer or director change; 2 material agreement; 2 new financial obligation
Planned insider sales6 Form 144 notices in twelve months, $2.8 million; latest 21 August 2026
Options tapeput/call 0.06 by open interest at the 29 October 2026 close; the straddle prices a 24.4% move to 20 November 2026
13F holders119 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading11 sales and 16 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest6.5 million shares short, 5.62 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue52.352.355.260.965.071.476.280.282.085.894.798.699.9100104120137142147161
SG&A12.748.229.828.332.029.628.828.728.228.128.527.926.624.925.426.925.328.028.229.9
Operating income-2.2-40.8-18.5-18.3-20.1-25.1-32.9-14.9-13.9-15.3-18.0-16.4-13.9-11.9-9.9-11.2-8.1-6.9-6.5-4.6
Operating margin-4%-78%-33%-30%-31%-35%-43%-19%-17%-18%-19%-17%-14%-12%-9%-9%-6%-5%-4%-3%
Interest expensen/an/a0.10.1n/an/an/a1.61.8n/a2.02.12.21.25.61.91.91.91.91.9
Pre-tax income-2.2-12.619.5-5.5-2.7-11.4-30.0-16.8-17.3-19.1-19.9-15.5-16.1-13.2-19.6-17.1-16.5-7.5-2.5-9.8
Tax raten/an/a1%n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Net income-3.0-10.219.3-5.5-2.7-11.0-30.0-16.9-17.4-18.8-19.9-15.5-16.1-13.2-19.6-17.0-16.5-7.5-2.5-9.8
Net margin-6%-19%35%-9%-4%-15%-39%-21%-21%-22%-21%-16%-16%-13%-19%-14%-12%-5%-2%-6%
Diluted EPS-$0.05-$0.14$0.21-$0.06-$0.17n/a-$0.33-$0.19-$0.19-$0.21-$0.22-$0.17-$0.18-$0.14-$0.21-$0.15-$0.14-$0.04-$0.02-$0.08
Operating cash flow-2.7-23.3-17.0-10.4-20.4-14.0-15.5-8.7-8.3-3.9-15.9-15.70.84.0-5.0-10.2-12.63.2-2.211.9
Capital expenditure0.90.91.01.31.22.01.80.90.90.90.61.8n/a1.80.31.20.61.11.00.9
Free cash flow-3.6-24.2-18.0-11.7-21.6-16.0-17.3-9.6-9.2-4.8-16.5-17.5n/a2.2-5.3-11.4-13.22.2-3.311.0
Buybacks0.0n/an/a9.00.0n/an/an/a0.1n/an/an/a0.0n/an/an/an/an/an/an/a
Shares outstanding72m73m73m72m72m73m74m73m74m74m74m75m76m76m89m93m98m99m100m100m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 6 fiscal years and the trailing twelve months

FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue188203252324393503587
Selling, general and administrative41.983.4120114108106111
Operating income-8.2-45.9-82.0-77.0-60.1-36.1-26.1
Operating margin-4.4%-22.6%-32.5%-23.8%-15.3%-7.2%-4.4%
Interest expense0.30.3n/a6.87.511.37.6
Pre-tax income-14.8-11.6-0.1-83.1-64.7-60.7-36.3
Income tax-0.5-0.7-0.2-0.00.0-0.10.0
Net income-14.3-10.90.2-83.1-64.7-60.6-36.3
Net margin-7.6%-5.4%0.1%-25.6%-16.4%-12.1%-6.2%
Diluted EPS-$0.24-$0.16-$0.21-$0.92-$0.71-$0.54-$0.28
Filing10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Revenue by segment FY2024 to FY2025

FY2024FY2025Share
of the parts, latest year
Specialty pharmacy18026953.5%
Patient services20522945.5%
Clinical trials & other8.64.60.9%
Specialty pharmacyPatient servicesClinical trials & other
393FY2024503FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service FY2024 to FY2025

FY2024FY2025Share
of the parts, latest year
Specialty pharmacy18026953.5%
FFS revenue13614929.5%
Capitated revenue68.780.516.0%
Clinical trials & other8.64.60.9%
Specialty pharmacyFFS revenueCapitated revenueClinical trials & other
393FY2024503FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow0.5-32.7-61.8-36.3-26.5-24.60.3
Capital expenditure1.22.85.54.63.83.23.6
Free cash flow-0.7-35.5-67.3-40.9-30.3-27.8-3.3
Free cash flow margin-0.4%-17.5%-26.6%-12.6%-7.7%-5.5%-0.6%
Cash from investing-8.8-12.2-13262.646.2-3.1-3.6
Cash from financing11.915492.2-6.8-3.511.614.1
Depreciation and amortisation3.23.34.45.96.36.96.8
Share-based compensation0.224.527.717.811.24.65.1
Buybacksn/a0.09.01.00.0n/an/a
Diluted shares, weighted59m66m81m74m75m92m103m
Shares outstanding at period endn/a73m73m74m76m99m100m
Filing10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity28.110412357.03.6-15.7-24.9
Debt11.90.280.686.893.177.479.9
Operating lease liabilitiesn/a0.022.126.523.219.117.4
Finance lease liabilitiesn/an/a0.20.10.10.00.0
Other liabilities25.799.135.638.852.783.8106
Total liabilities and equity65.7203262209173165178
Owned
Fixed assets2.14.28.510.911.910.710.6
Goodwill14.226.621.47.27.27.27.2
Intangible assets19.518.218.017.914.811.09.6
Investmentsn/a0.011849.40.0n/an/a
Cash and equivalents6.011514.033.549.733.641.1
Receivables17.120.039.842.448.359.066.3
Inventory4.46.49.313.710.016.920.0
Other assets2.312.832.534.330.726.323.4
Total assets65.7203262209173165178
Filing10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a21.8%25.8%38.4%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-489.4%-973.7%n/a
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Starling Oncology's revenue in fiscal 2025?

Starling Oncology (STLN) reported revenue of $503 million for fiscal 2025, the year ended 31 December 2025, up 27.8% on the year before.

How much did Starling Oncology earn in fiscal 2025?

Net loss was $61 million for fiscal 2025, and the diluted loss per share $0.54.

What is Starling Oncology's market cap?

The market cap of Starling Oncology was $667 million at the close of 29 October 2026.

How much debt does Starling Oncology have?

At 30 June 2026 Starling Oncology carried $80 million of debt and $41 million of cash.

Peers: Healthcare

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Hims & Hers Health, Inc. HIMS$6.9 billionn/a-43.8%-6.0%28.0%4.21n/a
Teladoc Health, Inc. TDOC$1.6 billionn/a-12.0%-6.6%-2.4%0.77n/a
Pennant Group, Inc. PNTG$1.5 billion47.188.0%5.6%37.9%0.49n/a
agilon health, Inc. AGL$1.4 billion26.42-102.1%-5.2%0.3%0.13n/a
U S Physical Therapy Inc. USPH$1.3 billion97.757.2%9.4%11.3%0.492.1%
InnovAge Holding Corp. INNV$1.3 billionn/a-1.1%0.3%15.9%0.21n/a
Omada Health, Inc. OMDA$1.2 billion393.201.7%-0.1%n/a0.00n/a
Castle Biosciences Inc. CSTL$1.2 billionn/a-4.1%-9.0%3.2%0.020.0%
AdaptHealth Corp. AHCO$808 millionn/a-16.6%-4.5%-0.4%1.37n/a
Starling Oncology, Inc. STLN$667 millionn/an/a-4.4%38.4%n/an/a
Fulgent Genetics, Inc. FLGT$596 millionn/a-8.4%-37.7%6.8%0.00n/a
SBC Medical Group Holdings Inc. SBC$583 million12.0918.6%37.3%-6.9%0.14n/a
All 49 in Healthcare
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
HCA Healthcare, Inc. HCA$100.8 billion15.84n/a12.5%5.8%n/a0.6%
Natera, Inc. NTRA$62.6 billionn/a-10.6%-10.7%37.8%0.04n/a
Labcorp Holdings Inc. LH$29.8 billion30.4511.6%10.4%6.4%0.680.8%
Quest Diagnostics Inc. DGX$27.8 billion25.2014.8%14.6%9.1%0.731.3%
Guardant Health, Inc. GH$24.8 billionn/an/a-39.7%42.7%n/an/a
Tenet Healthcare Corp. THC$21.5 billion7.8553.3%24.4%6.2%2.40n/a
Encompass Health Corp. EHC$13.0 billion21.4123.9%18.0%9.5%1.010.6%
Davita Inc. DVA$12.3 billion14.24n/a15.0%6.4%n/an/a
BrightSpring Health Services, Inc. BTSG$11.9 billionn/an/an/an/a1.07n/a
Ensign Group, Inc. ENSG$10.9 billion27.7315.6%9.0%17.5%0.080.1%
Universal Health Services Inc. UHS$10.6 billion7.1920.3%11.4%10.0%0.650.5%
Caris Life Sciences, Inc. CAI$10.2 billion100.4417.8%15.5%n/a0.66n/a
Pacs Group, Inc. PACS$7.9 billion29.7124.2%7.4%16.6%0.22n/a
Grail, Inc. GRAL$7.1 billionn/a-15.4%-338.4%23.1%0.00n/a
Chemed Corp. CHE$7.0 billion25.9132.8%13.9%5.2%0.270.5%
Hims & Hers Health, Inc. HIMS$6.9 billionn/a-43.8%-6.0%28.0%4.21n/a
RadNet, Inc. RDNT$5.8 billionn/a-1.9%3.1%18.9%1.22n/a
Sotera Health Co. SHC$5.3 billion32.8224.6%n/a8.1%3.21n/a
Concentra Group Holdings Parent, Inc. CON$5.3 billion26.6041.7%16.4%14.0%3.300.6%
LifeStance Health Group, Inc. LFST$5.2 billion104.853.4%4.9%20.4%0.19n/a
Option Care Health, Inc. OPCH$4.8 billion23.9416.6%5.9%5.9%0.92n/a
Veracyte, Inc. VCYT$4.2 billion37.008.2%18.8%17.3%0.00n/a
CareDx, Inc. CDNA$3.8 billion29.9227.5%23.4%38.9%0.00n/a
National Healthcare Corp. NHC$3.3 billion23.7712.5%9.3%6.9%0.001.2%
Surgery Partners, Inc. SGRY$3.0 billionn/a-5.3%11.4%4.0%2.25n/a
Aveanna Healthcare Holdings, Inc. AVAH$2.9 billion10.7895.6%10.5%19.5%4.52n/a
Privia Health Group, Inc. PRVA$2.8 billion104.713.6%1.9%24.1%0.00n/a
Acadia Healthcare Company, Inc. ACHC$2.7 billionn/a-56.9%-32.6%4.3%1.22n/a
Brookdale Senior Living Inc. BKD$2.5 billionn/an/a3.5%-4.4%n/an/a
Addus HomeCare Corp. ADUS$2.3 billion21.799.2%10.0%15.9%0.05n/a
Pediatrix Medical Group, Inc. MD$2.3 billion15.8417.7%10.9%1.9%0.68n/a
Fortrea Holdings Inc. FTRE$2.2 billionn/a-12.9%0.5%-3.4%1.98n/a
Progyny, Inc. PGNY$2.2 billion30.8817.3%8.6%5.5%0.00n/a
GeneDx Holdings Corp. WGS$2.1 billionn/a-43.5%-20.3%25.4%0.41n/a
Ardent Health, Inc. ARDT$1.7 billion22.345.8%3.2%3.3%0.82n/a
Personalis, Inc. PSNL$1.7 billionn/a-45.6%-164.1%-13.3%n/an/a
Healthcare Services Group Inc. HCSG$1.7 billion16.5719.7%n/a4.0%0.00n/a
Sonida Senior Living, Inc. SNDA$1.6 billionn/a-14.2%-13.6%49.4%1.82n/a
Teladoc Health, Inc. TDOC$1.6 billionn/a-12.0%-6.6%-2.4%0.77n/a
Pennant Group, Inc. PNTG$1.5 billion47.188.0%5.6%37.9%0.49n/a
agilon health, Inc. AGL$1.4 billion26.42-102.1%-5.2%0.3%0.13n/a
U S Physical Therapy Inc. USPH$1.3 billion97.757.2%9.4%11.3%0.492.1%
InnovAge Holding Corp. INNV$1.3 billionn/a-1.1%0.3%15.9%0.21n/a
Omada Health, Inc. OMDA$1.2 billion393.201.7%-0.1%n/a0.00n/a
Castle Biosciences Inc. CSTL$1.2 billionn/a-4.1%-9.0%3.2%0.020.0%
AdaptHealth Corp. AHCO$808 millionn/a-16.6%-4.5%-0.4%1.37n/a
Starling Oncology, Inc. STLN$667 millionn/an/a-4.4%38.4%n/an/a
Fulgent Genetics, Inc. FLGT$596 millionn/a-8.4%-37.7%6.8%0.00n/a
SBC Medical Group Holdings Inc. SBC$583 million12.0918.6%37.3%-6.9%0.14n/a
3 companies share its SEC industry code (Services-Offices & Clinics Of Doctors Of Medicine); the rest are the names nearest in size in its wider industry, Healthcare, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202512 March 2026EDGAR
10-Q30 September 202513 November 2025EDGAR
10-Q30 June 202513 August 2025EDGAR
10-Q31 March 202514 May 2025EDGAR
10-K31 December 202426 March 2025EDGAR
10-Q30 September 202413 November 2024EDGAR
10-Q30 June 202413 August 2024EDGAR
10-Q/A31 March 202422 May 2024EDGAR