Aethlon Medical Inc logo

Aethlon Medical Inc(AEMD)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$6.38
09/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for AEMD

09/28/2026: AEMD (1-star) is currently NOT-A-BUY. Pass it for now.

Aethlon Medical Inc is a micro-cap, clinical-stage biotechnology company developing its proprietary Hemopurifier platform to treat serious viral infections and cancers by filtering blood. The company's main strength lies in its unique technology designed to remove harmful exosomes and pathogens from the bloodstream. Aethlon represents a high-risk, high-reward investment focused on successful clinical validation of its device to open commercial markets. Significant risks include continuous net losses, dependency on future financing, and the inherently uncertain FDA approval process. Investors should monitor ongoing clinical trial outcomes, as the stock is best suited for risk-tolerant individuals looking for long-term speculative exposure to medical innovation.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe company lacks the revenue growth and commercial history required for traditional growth investment strategies.
Momentum investorMixed fitMomentum fit is conditional on positive clinical data or regulatory signals which can trigger significant short-term volatility.
Value investorWeak fitAs a loss-making, development-stage entity, the stock does not meet traditional value metrics.
Dividend investorWeak fitAethlon does not provide income through dividends.
Low-risk investorWeak fitThe high degree of clinical and financial risk makes this unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighClinical-stage biotech stocks often experience sharp price swings based on news cycles and trial outcomes.
Valuation riskHighValuations are highly speculative as they are not grounded in current cash flows or earnings.
Competition risk (Medical Devices)Medium / highThe company must compete with established medical device manufacturers that have greater resources and market reach.
Business qualityLowThe company is in an early development phase without an established product portfolio or sustainable profitability.
Dividend incomeLow / noneInvestors should expect no dividend income from this speculative equity.
Execution riskHighSuccess depends entirely on the company's ability to navigate clinical trials and obtain complex regulatory approvals.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -61.73%
Avg. Invested days 13
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
AEMD receives a 2-star rating, reflecting soft or weak scores across the available pillars. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
AEMD has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and moderate ownership. In FY2026 versus FY2025, strong earnings growth (+46.6%) is partially offset by soft cash generation (FCF margin 0.0%), slightly negative revenue growth (+0.0%), soft profitability (net margin 0.0%).

Financial Health Rating

★★★★★
AEMD's financial health is supported by strong efficiency, including operating-expense and cost-of-revenue discipline (opex 0.0% of revenue). Profitability is weak (1 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is AEMD's strongest growth driver at +46.6% FY2026 versus FY2025 (strong, 5 stars). By comparison, while revenue growth (+0.0%, slightly negative) and free-cash-flow growth (+8.4%, moderate) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 4.3% (soft) and 98.7% of outstanding shares are publicly tradable (strong). Insider ownership is only 0.58%, which materially reduces the ownership score.

Top 5 Institutional Investors

Geode Capital Management, LLC 0.75%
Ikarian Capital, LLC 0.44%
Shay Capital LLC 0.43%
XTX Topco Ltd 0.41%
Morgan Stanley - Brokerage Accounts 0.06%

Unit Economics (Per $1K Revenue)

★★★★★
AEMD generates approximately $0 of gross profit, $-0 of operating income, and $-0 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Weak margins explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
AEMD has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 4.47M USD
Price to earnings Ratio -
1Y Target Price 13.25
Price to earnings Ratio -
1Y Target Price 13.25
Volume (30-day avg) 5.4M shares
Beta 1.4
52 Weeks Range 1.41 - 41.35
Updated Date 09/27/2026
52 Weeks Range 1.41 - 41.35
Updated Date 09/27/2026
Dividends yield (FY) -
Basic EPS (TTM) -14.65

How Company Makes Money

Business areaWhat it includesRetail investor read
Hemopurifier DevelopmentClinical trial support and future medical device commercialization.The company is not currently making money; investors are betting on the future success of their blood filtration technology.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 0.21
Enterprise Value -6.36K
Price to Sales(TTM) 2.37
Enterprise Value -6.36K
Price to Sales(TTM) 2.37
Enterprise Value to Revenue 18.8
Enterprise Value to EBITDA 44.52
Shares Outstanding 711.14K
Shares Floating 702.05K
Shares Outstanding 711.14K
Shares Floating 702.05K
Percent Insiders 0.58
Percent Institutions 4.34

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Aethlon Medical Inc

Exchange NASDAQ
Headquarters San Diego, CA, United States
IPO Launch date 2001-01-02
CEO, CFO, Chief Accounting Officer, Secretary & Director Mr. James B. Frakes M.B.A.
Sector Healthcare
Industry Medical Devices
Full time employees 9
Full time employees 9

Aethlon Medical, Inc., a medical therapeutic company, engages in developing novel immunotherapeutic devices in the United States. It develops Hemopurifier, a clinical-stage immunotherapeutic device intended to address unmet needs in oncology, life-threatening infectious diseases, organ transplantation, and other disease states. The company was founded in 1984 and is based in San Diego, California.