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flag Apellis Pharmaceuticals missed Q4 2025 earnings estimates, reported a loss, and saw revenue drop, despite prior Q3 beat.

flag Apellis Pharmaceuticals reported a fourth-quarter 2025 loss of $0.47 per share, missing estimates by $0.08, and saw revenue drop $12.62 million year-over-year. flag The company had previously beat expectations in Q3 2025, driving a stock increase. flag Analysts maintain a "Hold" consensus with a $33.00 average price target, while insider sales were noted on January 22. flag The stock trades with a market cap of $2.84 billion and a 12-month range of $16.10 to $30.48.

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