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TickerSVRA
SectorBiotechnology
Mkt cap$1.1B
EV / EBITDAN/A
PostureHigh Velocity
Composite70/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1160308

Savara Inc.

SVRAHIGH VELOCITYFILING INTENSITY

Savara Inc. reads as High Velocity (composite 70/100); pressure / disclosure signals dominate the posture this cycle · primary market Healthcare.

Lens

Disclosed M&A capital (2023–2025)

N/A

flat

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

0/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
RevenueN/A
EBITDAN/A
Enterprise value$1.1B
EV / RevenueN/A
EV / EBITDAN/A
P/EN/A
Cash$33M
Total debt$30M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

26/100

Companies actively deploying disclosed capital into M&A

  • $542M disclosed buyer spend

Buyer Cadence

16/100

Buyer-side companies with recent filing activity

  • Filed within 47d
  • 398 8-Ks

Target Probability

20/100

Issuers showing target-side patterns from filings

  • 14 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 14 activism filings

Pressure Watch

49/100

Issuers facing activism, governance, or control pressure

  • 14 activism filings
  • Latest activism 1.8y ago

Distress Watch

44/100

Issuers showing financial-distress filing patterns

  • 10-Q 210d stale
  • 14 activism filings

Restatement Risk

26/100

Issuers with accounting-integrity flags from filings

  • 3 non-reliance 8-Ks
  • 6 auditor changes
  • 6 NT late filings
  • Latest event 7.2y ago; heavily discounted

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 398 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $1.1B
  • 10-Q 210d ago
  • 3 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $483M · Peak count: 2

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/AN/AN/AN/A
2023N/AN/AN/AN/A
2022N/AN/AN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Technology Acquisition
    33%
  • Platform
    33%
  • Bolt On
    33%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • technology_acquisition
  • platform
  • bolt_on
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

We believe up to 80% of the U.S. markets for ANX-530 and ANX-514 are concentrated within eight to ten GPOs and that a focused, specialized sales force may be able to effectively market and sell our products, if approved, through these organizations.

10-KFY2008

As consolidation within the industry and attempts to further enhance economies of scale and marketing advantages continue, we believe these markets will concentrate further.

10-KFY2008

we acquired SynthRx, Inc. as a company whose lead product candidate was a strong fit with our pipeline expansion strategy

10-KFY2011

We acquired SynthRx to expand our product pipeline, enter into new therapeutic areas and address unmet market needs.

10-KFY2012

We acquired AIR001 in February 2014 through our acquisition of Aires Pharmaceuticals, Inc.

10-KFY2014
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Healthcare

Market spend (2023–2025)
$195B
Market spend (2020–2022)
$253.6B
Recent vs prior
−23%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

N/AEV / EBITDA

SVRA trades at a -21.7-turn discount to the Healthcare peer median of 12.9×.

EV / Revenue
N/A
Net debt / EBITDA
N/A
Peer median EV / EBITDA
12.9×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
23.4×6.7×3.1×$62.8B$18B
17.2×0.9×1.9×$449.7B$28.1B
12.9×6.0×2.6×$37.2B$26.7B
11.7×0.5×2.5×$200.4B$6.4B
9.3×1.9×2.8×$76.4B$1.3B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Healthcare. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)242026-03-13
  • 10-Q (quarterly)662025-11-12
  • 8-K (event)3982026-03-13
  • Proxy / DEF 14A402026-04-24
  • Activism (13D / DFAN / PREC)142024-08-14

Signals on file

  • critical

    Non-reliance disclosure

    2009-03-25

    3 Item 4.02 filings on file; financial-statement non-reliance.

  • elevated

    Auditor change

    2019-04-15

    6 Item 4.01 filings on file; certifying accountant change.

  • watch

    Late-filing notice

    2003-03-28

    6 NT 10-K/10-Q filings on file.

  • elevated

    Activism on file

    2024-08-14

    14 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Restatement risk

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Savara Inc.: Issuer Brief | SE-Cluster