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AC Immune SA (ACIU)

AC Immune SA reported revenue of CHF 3.6M in fiscal 2025, down 86.9% from a year earlier. It posted a net loss of CHF 70.4M. In fiscal 2025 capital spending exceeded operating cash flow by CHF 70.2M. At December 31, 2025 it held CHF 26.8M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on March 13, 2026.

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Price
$2.44
+9.42% on the day · November 9, 2026
52-week range $2.02 to $3.90
Market cap
$248.3M
Revenue (FY2025)
CHF 3.6M
-86.9% year on year
Net margin
-1,971.6%

Key facts about AC Immune SA

Net worth
AC Immune SA has a market value (market cap) of $248.3M at the latest share price, and shareholders' equity of CHF 44.9M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was CHF 3.6M (-86.9% year on year), with a net loss of CHF 70.4M.
Cash flow
In fiscal 2025 operations used CHF 69.3M of cash.
Latest report
The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on March 13, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR

What AC Immune SA does

AC Immune SA is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NASDAQ under the ticker ACIU.

Revenue and profit by year

Revenue
FY18: CHF 6.9M CHF 6.9M FY18FY19: CHF 110.5M CHF 110.5M FY19FY20: CHF 15.4M CHF 15.4M FY20FY21: CHF 0 CHF 0 FY21FY22: CHF 3.9M CHF 3.9M FY22FY23: CHF 14.8M CHF 14.8M FY23FY24: CHF 27.3M CHF 27.3M FY24FY25: CHF 3.6M CHF 3.6M FY25
Net income
FY18: -CHF 51M -CHF 51M FY18FY19: CHF 45.4M CHF 45.4M FY19FY20: -CHF 61.9M -CHF 61.9M FY20FY21: -CHF 73M -CHF 73M FY21FY22: -CHF 70.8M -CHF 70.8M FY22FY23: -CHF 54.2M -CHF 54.2M FY23FY24: -CHF 50.9M -CHF 50.9M FY24FY25: -CHF 70.4M -CHF 70.4M FY25

Fiscal years as reported in annual reports. Amounts in CHF.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025CHF 3.6M-CHF 69.3M-CHF 70.4M-CHF 0.70-CHF 70.2M
2024CHF 27.3M-CHF 52.4M-CHF 50.9M-CHF 0.51CHF 65.3M
2023CHF 14.8M-CHF 53.6M-CHF 54.2M-CHF 0.64-CHF 61.2M
2022CHF 3.9M-CHF 70.8M-CHF 70.8M-CHF 0.85-CHF 74.8M
2021CHF 0-CHF 79M-CHF 73M-CHF 0.97-CHF 68.3M
2020CHF 15.4M-CHF 61.3M-CHF 61.9M-CHF 0.86-CHF 61.2M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Latest SEC filings

What AC Immune SA has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 4, 2026
  2. October 2, 2026
  3. September 23, 2026
  4. September 3, 2026
  5. August 20, 2026
  6. August 11, 2026
  7. August 5, 2026
  8. June 30, 2026
  9. June 11, 2026
  10. June 11, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 9, 2026. Insider transactions on SEC

Insider trades

What the people running AC Immune SA did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
June 11, 2026 June Carl HowardDirector Received as pay 16,568 - - Form 4
June 11, 2026 Buetler MonikaDirector Received as pay 17,751 - - Form 4
June 11, 2026 Zuegel MartinInterim CEO, Director Received as pay 33,136 - - Form 4
June 11, 2026 Aguiar-Lucander ReneeDirector Received as pay 16,568 - - Form 4
June 11, 2026 Twyman Roy ErvinDirector Received as pay 16,568 - - Form 4
May 15, 2026 Pfeifer AndreaChief Executive Officer, Director Soldpre-planned (10b5-1) 10,000 $2.79 $27.9K Form 4
April 15, 2026 Pfeifer AndreaChief Executive Officer, Director Bought 10,000 $3.14 $31.4K Form 4
April 15, 2026 Pfeifer AndreaChief Executive Officer, Director Soldpre-planned (10b5-1) 10,000 $3.14 $31.4K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns ACIU

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Affiris AG in Liqu13G, passive 6.5% 6,428,100 December 13, 2024

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 43 managers reported a position.

HolderSharesValueChange on quarter
Bvf Inc19,822,436$47.2M0
Wells Fargo & Company1,004,041$2.4M-243
Renaissance Technologies LLC840,127$2M+215,760
Millennium Management LLC773,594$1.8M-19,063
BlackRock, Inc.519,274$1.2M-5,004
Dimensional Fund Advisors LP340,082$812.1K-50,083
Arrowstreet Capital, Limited Partnership232,953$554.4K-172,705
Citadel Advisors LLC207,606$494.1K-59,627
Morgan Stanley131,815$313.7K+42,562
Two Sigma Investments, LP102,825$244.7K+63,734
Qube Research & Technologies Ltd92,351$219.8Knew
UBS Group AG85,614$203.8K-16,015
Geode Capital Management, LLC61,854$147.2K-1,747
Susquehanna International Group, Llp53,369$127K-35,893
Jump Financial, LLC24,064$57.3K+12,939
Jane Street Group, LLC19,475$46.4K-38,221
Verdad Advisers, LP16,300$38.8Knew
China Universal Asset Management Co., Ltd.16,197$38.5K-1,655
Goldman Sachs Group Inc14,497$34.5K-7,135
Quadrature Capital Ltd12,991$30.9Knew

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

6 insiders reported holding 8,004,888 shares in total, about $19.5M at the last price.

HolderSharesAs of
Pfeifer AndreaChief Executive Officer, Director 7,650,576 May 15, 2026
Twyman Roy ErvinDirector 92,556 June 11, 2026
Buetler MonikaDirector 71,656 June 11, 2026
Zuegel MartinInterim CEO, Director 71,408 June 11, 2026
June Carl HowardDirector 67,556 June 11, 2026
Aguiar-Lucander ReneeDirector 51,136 June 11, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about ACIU

What does AC Immune SA do?

AC Immune SA is a company in the Health care sector, listed on NASDAQ as ACIU. Its shares trade on NASDAQ under the ticker ACIU.

What is AC Immune SA's net worth?

AC Immune SA has a market value (market cap) of $248.3M at the latest share price, and shareholders' equity of CHF 44.9M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is AC Immune SA profitable?

No. In fiscal 2025 it reported a net loss of CHF 70.4M on revenue of CHF 3.6M.

How much revenue does AC Immune SA make?

In fiscal 2025 AC Immune SA reported revenue of CHF 3.6M. That is 86.9% less than a year earlier.

When did AC Immune SA last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on March 13, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from November 4, 2026.

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Where the numbers come from

Financial figures are the values AC Immune SA tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.