Positive context积极背景
Stocks股票 / Health Care / URGN
UroGen Pharma Ltd · Health Care
URGN US listed · USD美股 · 美元
Health Care
Russell 2000罗素2000
Speculative / unprofitable投机／未盈利
$34.56
Regular quote常规时段报价
-$2.05 · -5.60%
Extended quote unavailable. Showing the regular quote.盘前盘后报价暂不可用，现显示常规时段报价。
Pre-market盘前
·
52w low52周低 $16.40high高 $51.40
Avoid — downtrend回避 — 下行趋势
Downtrend — stand aside until a new cycle low forms and confirms.下跌趋势——观望，直至新的周期低点形成并确认。
As of 2026-10-26截至 2026-10-26
Company news公司新闻
The latest reporting最新报道
One story, with the reporting behind it.将同一事件汇总，保留各来源报道。
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-10-26
Momentum (RSI 14)动量（RSI 14）
28
Oversold超卖区域
vs 50-day average相对50日均线
-20.0% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
+12.6% above上方
Long trend up长期向上
Volatility波动率
31th percentile第31百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-11-0511
Beat expectations 4 quarters in a row连续 4 季度超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 16.2%
Financials财务数据
fiscal years财年Revenue营业收入
$109.8M2025
20202025
5-yr growth5年复合增速 56.2%
Earnings per share每股收益
$-4.962021
20202025
Free cash flow自由现金流
-$162.7M2025
20202025
Gross margin毛利率
88.7%
Operating margin营业利润率
-113.7%
Net margin净利率
-139.8%
FCF margin自由现金流利润率
-148.0%
Balance-sheet quality财务体质 1/9
Return on equity股本回报率 146%
Warning警示
Leverage杠杆
Current ratio流动比率4.01
Capital allocation资本配置
Stock-based comp股权薪酬$12.0M
Share count change (1y)股数变化（1年）+14.5%
Debt coming due到期债务
FY2025 10-KIn the 12-month bucket following fiscal period end 2025-12-31, it reported $0 due — about 0% of its disclosed principal.在财年期末 2025-12-31 之后12个月的区间内，已披露到期本金为 $0，约占其披露本金的 0%。
All maturity buckets are measured from fiscal period end 2025-12-31, not from today.所有到期区间均从财年期末 2025-12-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$0
Year 2第2年
$93.8M
Year 3第3年
$31.2M
Year 4第4年
$0
Year 5第5年
$0
After year 55年以后
$0
Cash reported at 2025-12-31: $110745000.截至 2025-12-31 披露的现金：$110745000。 At the cash-burn pace reported over 2025-01-01 to 2025-12-31, that cash represented about 8.2 months. This scenario excludes debt payments and future financing.按 2025-01-01 至 2025-12-31 期间披露的现金消耗速度，该现金约对应 8.2 个月。此情景不包括债务偿还与未来融资。
The filing reports zero principal in the 12-month bucket following 2025-12-31; a cash coverage ratio does not apply.文件披露 2025-12-31 之后12个月区间的到期本金为零，因此现金覆盖比率不适用。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001437749-26-006234, period ending报告期截至 2025-12-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-10-04T09:27:14.424912+00:00.
6/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
Annual period年度区间 2025-01-01 — 2025-12-31 · USD · 10-K · 0001437749-26-006234 · Filed提交日期 2026-03-02.
Cache acquired缓存获取时间: 2026-10-04T09:27:14.424912+00:00 · Evaluated as of评估截至 2026-10-26.
- Reported operating cash flow已披露经营活动现金流: $-162444000
- Reported equipment spending (capex outflow)已披露设备支出（资本开支流出）: $289000
- Derived free cash flow (operating cash flow minus capex)计算所得自由现金流（经营现金流减资本开支）: $-162733000
Cash is the reported balance at period end. The runway scenario holds this annual cash-flow pace constant and excludes debt payments, restricted-cash adjustments and future financing.现金为期末已披露余额。现金跑道情景假设本年度现金流速度保持不变，不包括债务偿还、受限现金调整与未来融资。
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
URGN broke down vs the marketURGN 相对市场走弱
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$4.2M net (0 buyers, 2 sellers)-$4.2M 净值（0 买家，2 卖家）
Concentrated ownership集中持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | As of截至 |
|---|---|---|---|---|
| Polen Capital Management | C | New position新建仓 | 0.0% | 2026-06-30 |
| RTW Investments | B | Holding持有 | 1.4% | 2026-06-30 |
Signal history信号历史
engine events引擎事件
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID. Failed cycle — price broke below the low that started this cycle, which historically means the larger trend is rolling over (~80% of cases)回避。失败周期——价格跌破了启动本周期的低点，历史上这通常意味着更大的趋势正在掉头向下（约 80% 的情形）
Oct 16, 2026
URGN broke down vs the marketURGN 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $34.56.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$34.56。
Oct 16, 2026
URGN RSI reached oversoldURGN RSI进入超卖
RSI(14) crossed below 30 — washed out; context, not a timing trigger alone. $34.56.RSI(14)下穿30 — 超卖；仅作背景，单独不构成择时。$34.56。
Oct 13, 2026
URGN StochRSI turned up from oversoldURGN StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $38.26.StochRSI重回20上方 — 下行动量趋缓的最早预警。$38.26。
Oct 12, 2026
DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Oct 9, 2026
URGN RSI reached oversoldURGN RSI进入超卖
RSI(14) crossed below 30 — washed out; context, not a timing trigger alone. $36.83.RSI(14)下穿30 — 超卖；仅作背景，单独不构成择时。$36.83。
Oct 8, 2026
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID回避
Oct 7, 2026
URGN daily MACD crossed downURGN 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $40.70.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$40.70。
Oct 6, 2026
URGN daily MACD crossed upURGN 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $41.43.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$41.43。
Showing the last 15 of显示最近15条，共 170 signals条信号
Company profile公司档案
Watch items — what could change the story关注项 — 可能改变故事的因素
- Margin compression despite revenue growth
- Receivables stretch
- Inventory build
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -6.2% | -2.0% |
| 1 Month近1月 | -20.5% | +1.5% |
| 3 Months近3月 | -14.1% | +2.9% |
| 6 Months近6月 | +53.3% | +8.0% |
| Year to date年初至今 | +52.2% | +12.6% |
| 1 Year近1年 | +104.1% | +16.8% |
Trading information交易信息
Volatility rank波动率分位
31th pctile
EPS (trailing)每股收益
$-3.17
Off 52-week high距52周高点
-31.3%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $12M | $48M | $64M | $83M | $90M | $110M |
| EPS每股收益 | $-5.90 | $-4.96 | — | — | — | — |
| Free cash flow自由现金流 | $-107M | $-86M | $-88M | $-77M | $-97M | $-163M |
| Gross margin毛利率 | 91.4% | 89.3% | 88.1% | 88.7% | 90.2% | 88.7% |
| Net margin净利率 | -1088.9% | -230.7% | -170.6% | -123.6% | -140.4% | -139.8% |
| FCF margin自由现金流利润率 | -907.7% | -178.3% | -136.4% | -92.6% | -107.4% | -148.2% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$110M
Gross profit毛利润
$97M
Net income净利润
$-153M
Operating cash flow经营现金流
$-162M
Total assets总资产
$200M
Shareholder equity股东权益
$-105M
Long-term debt长期负债
$122M
Shares outstanding总股本
0.05B
Returns & growth回报与增长
Return on equity股本回报率
145.5%
Return on assets资产回报率
-76.6%
Debt / assets负债/资产
61.0%
Asset growth资产增速
-29.8%
Accounting quality checks会计质量检查
- Earnings quality: accruals trending up over 6 fiscal years — earnings increasingly not cash-backed盈利质量：应计利润在 6 个财年间走高——盈利的现金支撑减弱
- Working capital: inventory & receivables lean vs sales营运资本：存货与应收相对销售保持精简
- Pricing power: gross margin −2.7pts over 6 years定价能力：毛利率 6 年下降 2.7 个百分点
- Capital discipline: share count +118.1% over 6 years (dilution)资本纪律：股本 6 年增加 118.1%（稀释）
- Balance sheet: high leverage (LT debt 61% of assets)资产负债表：杠杆偏高（长期债务占资产 61%）
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
28
RSI (2-day)RSI（2日）
4
vs 20-day average相对20日均线
-13.3%
vs 50-day average相对50日均线
-20.0%
vs 200-day average相对200日均线
+12.6%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down动能向下
3-day3日线
momentum down动能向下
Weekly周线
momentum down动能向下
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
49/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Jun 2026 | $-0.28 | $-0.38 | +26.3% |
| Mar 2026 | $-0.47 | $-0.56 | +16.1% |
| Dec 2025 | $-0.54 | $-0.66 | +18.2% |
| Sep 2025 | $-0.69 | $-0.72 | +4.2% |
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Tracked funds holding it跟踪基金持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | Position市值 |
|---|---|---|---|---|
| Polen Capital Management | C | New position新建仓 | 0.0% | $1M |
| RTW Investments | B | Holding持有 | 1.4% | $167M |
Fund positioning基金持仓概览
Tracked funds in the name持有该股的跟踪基金
2
Buying vs selling买入vs卖出
1 : 0
Quarterly trend季度趋势
{'direction': 'distributing', 'n_quarters': 11, 'holders_first': 2, 'holders_last': 1, 'holders_delta': -1, 'value_change_pct': 149.1, 'from_period': '2023-09-30', 'to_period': '2026-03-31', 'available_on': '2026-05-15', 'available_on_first': '2023-11-15', 'holders_series': [2, 2, 2, 2, 1, 1, 2, 1, 1, 1, 1]}{'direction': 'distributing', 'n_quarters': 11, 'holders_first': 2, 'holders_last': 1, 'holders_delta': -1, 'value_change_pct': 149.1, 'from_period': '2023-09-30', 'to_period': '2026-03-31', 'available_on': '2026-05-15', 'available_on_first': '2023-11-15', 'holders_series': [2, 2, 2, 2, 1, 1, 2, 1, 1, 1, 1]}
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$4.2M
Insider buyers vs sellers内部人买家vs卖家
0 : 2
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。