Bicycle Therapeutics plc financials
Source: EDGAR filings · Built 2026-06-19T00:32:34Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -252.19M | -166.00M | -63.56M | -105.10M | -16.82M | -18.99M |
| EBITDA | -240.64M | -202.70M | -183.40M | -112.96M | -64.21M | -50.68M |
| Working Capital | 625.90M | 861.38M | 492.33M | 316.04M | 422.32M | 132.59M |
| Net Debt | -610.56M | -869.20M | -481.47M | -294.83M | -394.34M | 15.78M |
| Operating Margin | -340.38% | -594.96% | -704.13% | -806.56% | -560.98% | -500.10% |
| Net Margin | -301.66% | -479.18% | -669.72% | -779.35% | -571.25% | -490.95% |
| Return on Equity (ROE) | -35.90% | -21.31% | -48.71% | -41.63% | -19.30% | -53.44% |
| Return on Assets (ROA) | -30.51% | -17.66% | -30.35% | -27.45% | -13.93% | -31.65% |
| Current Ratio | 11.98× | 13.81× | 8.08× | 6.92× | 12.65× | 6.73× |
| Debt-to-Equity | 0.03× | 0.01× | 0.12× | 0.16× | 0.13× | 0.17× |
| Effective Tax Rate | -0.07% | 2.74% | -0.81% | 1.33% | 2.43% | 1.40% |
| Cash Conversion Ratio | 1.14× | 0.97× | 0.34× | 0.76× | 0.22× | 0.35× |
| Accruals Ratio | 0.04× | -0.00× | -0.20× | -0.06× | -0.11× | -0.21× |
| SBC % of Revenue | 54.37% | 107.95% | 120.39% | 185.16% | 103.30% | 62.69% |
| CapEx Coverage | -99.16× | -128.99× | -20.70× | -4.54× | -7.29× | -14.82× |
| Free Cash Flow Per Share | $-3.64 | $-2.85 | $-1.79 | $-3.54 | $-0.67 | $-0.99 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 72.59M | 35.27M | 26.98M | 14.46M | 11.70M | 10.39M |
| Research and Development Expense | 240.28M | 172.97M | 156.50M | 81.61M | 44.88M | 33.15M |
| Operating Expenses | 319.65M | 245.15M | 216.92M | 131.12M | 77.31M | 62.35M |
| Operating Income (Loss) | -247.06M | -209.87M | -189.95M | -116.65M | -65.62M | -51.96M |
| Income Tax Expense (Benefit) | 152.00K | -4.76M | 1.46M | -1.52M | -1.66M | -724.00K |
| Net Income (Loss) Attributable to Parent | -218.96M | -169.03M | -180.66M | -112.72M | -66.82M | -51.01M |
| Earnings Per Share, Basic | $-3.16 | $-2.90 | $-5.08 | $-3.80 | $-2.67 | $-2.66 |
| Weighted Average Number of Shares Outstanding, Basic | 69.28M | 58.21M | 35.59M | 29.66M | 25.06M | 19.15M |
| Earnings Per Share, Diluted | $-3.16 | $-2.90 | $-5.08 | $-3.80 | $-2.67 | $-2.66 |
| Weighted Average Number of Shares Outstanding, Diluted | 69.28M | 58.21M | 35.59M | 29.66M | 25.06M | 19.15M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 628.11M | 879.52M | 526.42M | 339.15M | 438.68M | 0 |
| Assets, Current | 682.88M | 928.61M | 561.87M | 369.38M | 458.56M | 155.72M |
| Assets | 717.60M | 956.87M | 595.34M | 410.61M | 479.79M | 161.15M |
| Long-term Debt | — | — | 30.70M | 30.32M | 29.87M | 14.51M |
| Liabilities, Current | 56.98M | 67.23M | 69.54M | 53.34M | 36.24M | 23.13M |
| Long-term Debt, Excluding Current Maturities | — | — | 30.70M | 30.32M | 29.87M | 14.51M |
| Liabilities | 107.62M | 163.81M | 224.41M | 139.83M | 133.54M | 65.69M |
| Stockholders' Equity Attributable to Parent | 609.98M | 793.06M | 370.93M | 270.78M | 346.25M | 95.46M |
| Common Stock, Shares, Outstanding | 69.37M | 69.06M | 42.43M | 29.87M | 29.58M | 21.09M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -249.68M | -164.72M | -60.63M | -86.11M | -14.79M | -17.79M |
| Payments to Acquire Property, Plant, and Equipment | 2.35M | 1.24M | 2.93M | 18.99M | 2.03M | 1.20M |
| Net Cash Provided by (Used in) Investing Activities | -2.35M | -1.24M | -2.93M | -18.99M | -2.03M | -1.20M |
| Net Cash Provided by (Used in) Financing Activities | -131.00K | 519.75M | 250.03M | 6.69M | 320.73M | 62.84M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -66.70M | -19.97M | -232.22M | -160.35M | -87.02M | -9.76M |
| EBITDA | -64.35M | -23.37M | — | — | -68.57M | -65.96M |
| Working Capital | 570.25M | 625.90M | 669.54M | 726.84M | 798.46M | 861.38M |
| Net Debt | -543.53M | -610.56M | -641.84M | -713.47M | -783.86M | -869.20M |
| Operating Margin | -7382.41% | -51.52% | -558.64% | -2965.82% | -703.66% | -1824.78% |
| Net Margin | -6857.38% | -42.03% | -503.66% | -2703.84% | -608.94% | -1398.44% |
| Return on Equity (ROE) | -10.97% | -3.30% | -9.56% | -11.80% | -8.21% | -6.54% |
| Return on Assets (ROA) | -9.32% | -2.81% | -7.74% | -9.49% | -6.87% | -5.42% |
| Current Ratio | 12.66× | 11.98× | 10.66× | 10.39× | 14.86× | 13.81× |
| Debt-to-Equity | 0.03× | 0.03× | 0.01× | 0.01× | 0.01× | 0.01× |
| Effective Tax Rate | -0.28% | -6.70% | -0.35% | 0.29% | 1.76% | 2.04% |
| Cash Conversion Ratio | 1.08× | 0.96× | 3.90× | 2.02× | 1.42× | 0.18× |
| Accruals Ratio | 0.01× | -0.00× | 0.22× | 0.10× | 0.03× | -0.04× |
| SBC % of Revenue | 781.29% | 24.30% | 237.01% | 652.05% | 96.27% | 278.67% |
| CapEx Coverage | -84.63× | -31.10× | -121.48× | -133.63× | -133.49× | -25.53× |
| Free Cash Flow Per Share | $-0.96 | $-0.29 | $-3.35 | $-2.32 | $-1.26 | $-0.17 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 887.00K | 47.95M | 11.73M | 2.92M | 9.98M | 3.71M |
| Research and Development Expense | 48.90M | 51.77M | 58.43M | 71.03M | 59.06M | 49.78M |
| Operating Expenses | 66.37M | 72.66M | 77.28M | 89.52M | 80.18M | 71.37M |
| Operating Income (Loss) | -65.48M | -24.71M | -65.55M | -86.60M | -70.20M | -67.66M |
| Income Tax Expense (Benefit) | 172.00K | 1.26M | 205.00K | -231.00K | -1.09M | -1.08M |
| Net Income (Loss) Attributable to Parent | -60.83M | -20.15M | -59.10M | -78.95M | -60.75M | -51.85M |
| Earnings Per Share, Basic | $-0.87 | $-0.29 | $-0.85 | $-1.14 | $-0.88 | $-0.75 |
| Weighted Average Number of Shares Outstanding, Basic | 69.68M | 69.28M | 69.30M | 69.25M | 69.20M | 58.21M |
| Earnings Per Share, Diluted | $-0.87 | $-0.29 | $-0.85 | $-1.14 | $-0.88 | $-0.75 |
| Weighted Average Number of Shares Outstanding, Diluted | 69.68M | 69.28M | 69.30M | 69.25M | 69.20M | 58.21M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 559.47M | 628.11M | 648.33M | 721.45M | 792.97M | 879.52M |
| Assets, Current | 619.13M | 682.88M | 738.82M | 804.26M | 856.09M | 928.61M |
| Assets | 652.40M | 717.60M | 763.95M | 832.18M | 883.89M | 956.87M |
| Liabilities, Current | 48.89M | 56.98M | 69.28M | 77.42M | 57.62M | 67.23M |
| Liabilities | 98.08M | 107.62M | 145.47M | 163.27M | 143.56M | 163.81M |
| Stockholders' Equity Attributable to Parent | 554.32M | 609.98M | 618.48M | 668.91M | 740.33M | 793.06M |
| Common Stock, Shares, Outstanding | 69.71M | 69.37M | 69.31M | 69.25M | 69.20M | 69.06M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -65.92M | -19.35M | -230.33M | -159.16M | -86.37M | -9.40M |
| Payments to Acquire Property, Plant, and Equipment | 713.00K | 574.00K | 1.78M | 1.10M | 604.00K | 368.00K |
| Net Cash Provided by (Used in) Investing Activities | -713.00K | -574.00K | -1.78M | -1.10M | -604.00K | -368.00K |
| Net Cash Provided by (Used in) Financing Activities | -54.00K | -15.00K | -116.00K | -86.00K | -41.00K | 203.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (BCYC CIK 0001761612),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.