What is Summit Therapeutics's investment purchases?

Summit Therapeutics (SMMT) reported investment purchases of $177.29M in Q1 2026.

What does investment purchases mean?

Cash spent to purchase short-term investments or marketable securities.

How do you interpret investment purchases?

High levels of purchases suggest the company has excess cash to deploy, while low levels may indicate a need to preserve cash for operations.

How does investment purchases compare across companies?

Standard for companies with large cash reserves; reflects the conservative nature of the company's treasury policy.

Summit Therapeutics SMMT Investment Purchases

Investment Purchases at other companies

Merck & Co.MRK

$374M-37.1%

Jazz PharmaceuticalsJAZZ

$500M+13.6%

Johnson & JohnsonJNJ

$144M-42.6%

Gilead SciencesGILD

$525M—

BiogenBIIB

$748.8M—

Eli LillyLLY

$297M+50.8%

Other financials

Income statement

See full

Revenue-—

Operating income-$65.6M-81.2%

Net income-$189.4M-201%

EPS (diluted)-$0.24-167%

Balance sheet

See full

Cash & equivalents$8.2M+7.2%

Total debt$20.0M+211%

Total equity$545.9M+58.5%

Total assets$647.9M+68.8%

Cash flow

See full

Operating cash flow-$122.3M-99.9%

CapEx$245.0K-41.9%

Free cash flow-$122.5M-99.0%

Valuation

See full

Market cap$10.67B+3.3%

Enterprise value$10.68B+3.4%

Profitability

See full

Operating margin-268,266.8%-272,316pp

Net margin-271,685%-275,966pp

FCF margin-5,931.6%+4,730pp

Returns & leverage

See full

Return on equity-271%-1,725pp

Debt / equity0×0.0×

Current ratio7.4×-3.2×

Where this comes from

Reported directly by Summit Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireShortTermInvestments.

The official record: Summit Therapeutics’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Summit Therapeutics's investment purchases?: Summit Therapeutics (SMMT) reported investment purchases of $177.29M in Q1 2026.
What does investment purchases mean?: Cash spent to purchase short-term investments or marketable securities.
How do you interpret investment purchases?: High levels of purchases suggest the company has excess cash to deploy, while low levels may indicate a need to preserve cash for operations.
How does investment purchases compare across companies?: Standard for companies with large cash reserves; reflects the conservative nature of the company's treasury policy.