Humacyte, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:15:15Z
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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 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -108.68M | -102.27M | -77.84M | -74.16M | -83.14M | -57.39M |
| EBITDA | -102.81M | -109.29M | -94.39M | -78.43M | -75.03M | -58.31M |
| Working Capital | 49.42M | 27.91M | 64.83M | 134.63M | 218.29M | 30.22M |
| Net Debt | 14.35M | 35.52M | -22.35M | -127.97M | -163.70M | -13.51M |
| Gross Margin | -376.06% | — | — | — | — | — |
| Operating Margin | -5306.04% | — | — | — | — | — |
| Net Margin | -2003.58% | — | — | — | — | — |
| Return on Equity (ROE) | -1313.38% | 282.33% | -817.78% | -10.23% | -21.67% | 18.99% |
| Return on Assets (ROA) | -35.09% | -107.85% | -86.39% | -5.86% | -9.24% | -62.35% |
| Current Ratio | 3.69× | 2.40× | 4.52× | 7.88× | 20.75× | 3.69× |
| Debt-to-Equity | 20.86× | -1.53× | 4.29× | 0.19× | 0.44× | -0.08× |
| Effective Tax Rate | 0.00% | — | — | — | — | — |
| Cash Conversion Ratio | 2.57× | 0.66× | 0.66× | 5.94× | 3.07× | 0.84× |
| Accruals Ratio | 0.55× | -0.37× | -0.29× | 0.29× | 0.19× | -0.10× |
| SBC % of Revenue | 478.56% | — | — | — | — | — |
| CapEx Coverage | -28.87× | -23.64× | -16.16× | -23.48× | -41.66× | -30.57× |
| Free Cash Flow Per Share | $-0.69 | $-0.86 | $-0.75 | $-0.72 | $-2.08 | $-9.95 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 2.04M | 0 | — | — | — | — |
| Cost of Goods and Services Sold | 9.70M | 0 | — | — | — | — |
| Research and Development Expense | 69.30M | 88.60M | 76.55M | 63.26M | 61.34M | 54.08M |
| Operating Expenses | — | 114.40M | 100.05M | 86.14M | 82.47M | 66.09M |
| Operating Income (Loss) | -108.14M | -114.40M | -100.05M | -84.58M | -81.21M | -64.60M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -40.83M | -148.70M | -110.78M | -11.96M | -26.48M | -66.52M |
| Earnings Per Share, Basic | $-0.26 | $-1.26 | $-1.07 | $-0.12 | $-0.66 | $-11.54 |
| Weighted Average Number of Shares Outstanding, Basic | 158.16M | 118.48M | 103.42M | 103.05M | 39.97M | 5.77M |
| Earnings Per Share, Diluted | $-0.26 | $-1.26 | $-1.07 | $-0.12 | $-0.66 | $-11.54 |
| Weighted Average Number of Shares Outstanding, Diluted | 158.16M | 118.48M | 103.42M | 103.05M | 39.97M | 5.77M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 50.50M | 44.94M | 80.45M | 149.77M | 217.50M | 39.93M |
| Assets, Current | 67.80M | 47.86M | 83.28M | 154.21M | 229.34M | 41.45M |
| Assets | 116.37M | 137.87M | 128.22M | 204.30M | 286.53M | 106.69M |
| Long-term Debt | 35.44M | 0 | — | — | 30.00M | — |
| Liabilities, Current | 18.37M | 19.95M | 18.44M | 19.58M | 11.05M | 11.23M |
| Liabilities | 113.26M | 190.54M | 114.68M | 87.37M | 164.36M | 36.02M |
| Stockholders' Equity Attributable to Parent | 3.11M | -52.67M | 13.55M | 116.93M | 122.17M | -350.32M |
| Common Stock, Shares, Outstanding | 193.00M | 130.03M | 103.67M | 103.23M | 103.00M | 5.82M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -105.04M | -98.12M | -73.31M | -71.13M | -81.19M | -55.57M |
| Payments to Acquire Property, Plant, and Equipment | 884.00K | 1.57M | 2.28M | 1.05M | 220.00K | 318.00K |
| Net Cash Provided by (Used in) Investing Activities | -884.00K | -1.57M | -173.00K | 4.84M | -8.22M | -268.00K |
| Net Cash Provided by (Used in) Financing Activities | 61.49M | 114.18M | 4.51M | -1.45M | 266.98M | 2.05M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -25.28M | -26.76M | -81.92M | -57.22M | -29.52M | -27.31M |
| EBITDA | -27.59M | -29.50M | -23.09M | -28.43M | -21.88M | -26.80M |
| Working Capital | 47.41M | 49.42M | 15.77M | 30.64M | 53.68M | 27.91M |
| Net Debt | 17.36M | 14.35M | 28.01M | 43.52M | 17.68M | 35.52M |
| Gross Margin | -311.72% | -1844.75% | 65.47% | 29.24% | 71.57% | — |
| Operating Margin | -5845.45% | -6603.00% | -3239.04% | -9876.08% | -4484.33% | — |
| Net Margin | -3559.39% | -5311.35% | -2325.37% | -12510.96% | 7570.41% | — |
| Return on Equity (ROE) | -151.57% | -797.81% | 368.55% | -929.37% | 108.59% | 39.76% |
| Return on Assets (ROA) | -15.94% | -21.32% | -19.13% | -27.13% | 24.08% | -15.19% |
| Current Ratio | 3.93× | 3.69× | 1.62× | 2.45× | 3.68× | 2.40× |
| Debt-to-Equity | 5.67× | 20.86× | -10.00× | 20.13× | 2.23× | -1.53× |
| Cash Conversion Ratio | 1.42× | 1.05× | 4.51× | 1.46× | -0.73× | 1.27× |
| Accruals Ratio | 0.07× | 0.01× | 0.67× | 0.13× | 0.42× | 0.04× |
| SBC % of Revenue | 640.40% | 528.91% | 967.20% | 1601.99% | 481.04% | — |
| CapEx Coverage | -143.45× | -41.08× | -26.29× | -24.89× | -31.26× | -36.11× |
| Free Cash Flow Per Share | $-0.13 | $-0.17 | $-0.52 | $-0.37 | $-0.22 | $-0.23 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 495.00K | 467.00K | 753.00K | 301.00K | 517.00K | 0 |
| Cost of Goods and Services Sold | 2.04M | 9.08M | 260.00K | 213.00K | 147.00K | 0 |
| Research and Development Expense | 19.46M | 14.61M | 17.27M | 22.01M | 15.42M | 20.66M |
| Selling, General and Administrative Expense | — | — | 7.61M | 7.81M | 8.14M | — |
| Operating Expenses | — | — | — | — | — | 28.09M |
| Operating Income (Loss) | -28.93M | -30.84M | -24.39M | -29.73M | -23.18M | -28.09M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -17.62M | -24.80M | -17.51M | -37.66M | 39.14M | -20.94M |
| Earnings Per Share, Basic | $-0.09 | $-0.15 | $-0.11 | $-0.24 | $0.28 | $-0.16 |
| Weighted Average Number of Shares Outstanding, Basic | 197.85M | 158.16M | 158.31M | 155.44M | 131.50M | 118.48M |
| Earnings Per Share, Diluted | $-0.09 | $-0.15 | $-0.11 | $-0.24 | $0.28 | $-0.16 |
| Weighted Average Number of Shares Outstanding, Diluted | 197.85M | 158.16M | 158.31M | 155.44M | 131.76M | 118.48M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 48.54M | 50.50M | 19.49M | 38.03M | 62.85M | 44.94M |
| Assets, Current | 63.60M | 67.80M | 41.35M | 51.73M | 73.70M | 47.86M |
| Assets | 110.56M | 116.37M | 91.51M | 138.79M | 162.55M | 137.87M |
| Long-term Debt | 35.87M | 35.44M | — | — | — | 0 |
| Liabilities, Current | 16.19M | 18.37M | 25.58M | 21.09M | 20.03M | 19.95M |
| Liabilities | 98.93M | 113.26M | 96.26M | 134.74M | 126.51M | 190.54M |
| Stockholders' Equity Attributable to Parent | 11.62M | 3.11M | -4.75M | 4.05M | 36.04M | -52.67M |
| Common Stock, Shares, Outstanding | 222.02M | 193.00M | 158.84M | 156.34M | 155.12M | 130.03M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -25.10M | -26.12M | -78.92M | -55.01M | -28.60M | -26.58M |
| Payments to Acquire Property, Plant, and Equipment | 175.00K | 39.00K | 845.00K | 796.00K | 228.00K | 63.00K |
| Net Cash Provided by (Used in) Investing Activities | -175.00K | -39.00K | -845.00K | -796.00K | -228.00K | -63.00K |
| Net Cash Provided by (Used in) Financing Activities | 23.32M | 57.17M | 4.31M | 48.91M | 46.74M | 51.01M |
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 (HUMA CIK 0001818382),
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.