SIGA Technologies, Inc. (SIGA) Stock

SIGA Technologies, Inc. (SIGA) is a Healthcare stock trading at $3.05 (as of 2026-08-21), with a market capitalization of $218.76M and a trailing P/E of 10.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

SIGA Technologies, Inc. is a commercial-stage pharmaceutical company focused on infectious disease and health security in the United States. Its lead product, TPOXX, is an oral antiviral formulation for treating human smallpox caused by variola virus, and it also participates in a partnership with Cipla Therapeutics for antibacterial drugs primarily addressing biothreats.

Understand SIGA Technologies, Inc.: how it makes money

SIGA Technologies sells biothreat treatments, led by TPOXX (oral tecovirimat), and it earns revenue mainly from U.S. government procurement and deliveries to the Strategic National Stockpile and other government customers, with additional revenue lines such as EGIS and DIGA.

SIGA's profit model is structurally tied to government contract procurement remaining under existing Tecovirimat arrangements, and to whether those arrangements translate into delivered shipments to U.S. agencies like the Strategic National Stockpile.

Revenue by segment (latest quarter)
Tecovirimat Remaining Procurements$0.5B
Oral to SNS$0.1B
IV to SNS$0.0B
IV to US Govt$0.0B
EGIS$0.0B
19C BARDA First IV Sales$0.0B
DIGA$0.0B
Oral to DOD$0.0B
International Oral$0.0B

Business quality (Weak): Clear operating focus on Tecovirimat contract procurement and delivery, but financial performance is still characterized by a very weak operating margin in the latest quarter, suggesting costs can outweigh gross profit and timing of government-related revenue matters.

Valuation: At 14× earnings, SIGA trades 17% below the Pharmaceutical Products average (17×). Note: one-time items can distort reported P/E.

Bull case

  • Commercial-stage focus on a specific biothreat antiviral (TPOXX, oral tecovirimat) and related tecovirimab revenue lines: Revenue sources shown in the data include U.S. Strategic National Stockpile, U.S. government, and other defense-related customers.
  • Contract visibility at the operating-line level: The latest-quarter operating KPI includes Remaining Procurement Revenues Under Tecovirimat Existing Contracts, which can indicate how much government demand is already contracted.
  • Multi-program biothreat platform signals beyond TPOXX: Segment candidates include separate lines such as EGIS and DIGA, indicating more than one business revenue stream.

Bear case

  • Profitability pressure: The latest-quarter operating margin is -85.2%, despite a gross margin of 52.9%.
  • Government contract dependence: Multiple revenue lines are tied to U.S. government entities and the Strategic National Stockpile, which can increase revenue timing and renewal risk.
  • Potential volatility between procurement and deliveries: The operating KPIs emphasize both remaining procurement and delivery metrics, implying that not all contracted value may convert to product revenue on the same schedule.
Valuation — source: SEC EDGAR (first-party)
Price$3.05
Market Cap$218.76M
P/E Ratio10.8
EV / EBITDA3.5
Price / Book1.44
Price / Sales2.33
DCF Value (model)$7.36
DCF Upside vs Price141.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$94.57M
Net Margin24.6%
Revenue Growth (YoY)-11.3%
EPS Growth (YoY)400.0%
Financial Health — source: SEC EDGAR
Altman Z-Score7.93 (safe)
Valuation vs Sector & Industry
Stock P/E10.8
Sector P/E (Healthcare)21.7
Industry P/E (Pharmaceutical Products)17.0
vs Sector-50.1%
vs Industry-36.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($18.69M)
Institutional Holders Tracked10
Company
SectorHealthcare
IndustryPharmaceutical Products
CEODiem Nguyen
Employees46
CountryUS
IPO Date1997-09-10

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SIGA earnings history · SIGA institutional & insider holders · SIGA KPIs & operating metrics · SIGA financials · SIGA investor presentations & press releases · SIGA SEC filings · SIGA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.