Passage BIO, Inc. financials
Source: EDGAR filings · Built 2026-06-19T02:56:56Z
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 | — | -47.99M | — | — | — | — |
| EBITDA | -48.57M | -67.32M | -104.67M | -134.72M | -184.19M | -112.10M |
| Working Capital | 24.68M | 59.45M | 101.62M | 178.69M | 295.57M | 296.01M |
| Net Debt | -22.29M | -12.10M | 4.58M | -7.49M | — | — |
| Return on Equity (ROE) | -242.72% | -105.72% | -91.71% | -67.60% | -58.18% | -36.83% |
| Return on Assets (ROA) | -73.09% | -63.24% | -67.80% | -55.89% | -52.21% | -34.22% |
| Current Ratio | 2.07× | 4.07× | 7.22× | 10.74× | 11.02× | 14.98× |
| Debt-to-Equity | 1.28× | 0.42× | 0.24× | 0.13× | — | — |
| Cash Conversion Ratio | 0.69× | 0.74× | 0.77× | 0.87× | 0.68× | 0.72× |
| Accruals Ratio | -0.23× | -0.16× | -0.16× | -0.07× | -0.16× | -0.10× |
| CapEx Coverage | — | -1410.47× | — | — | — | — |
| Free Cash Flow Per Share | — | $-15.59 | — | — | — | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Research and Development Expense | 23.28M | 40.18M | 61.42M | — | — | — |
| Operating Income (Loss) | -49.30M | -70.40M | -108.39M | -138.39M | -185.73M | -112.90M |
| Income Tax Expense (Benefit) | 0 | 0 | — | — | — | — |
| Net Income (Loss) Attributable to Parent | -45.52M | -64.77M | -102.06M | -136.13M | -185.39M | -112.23M |
| Earnings Per Share, Basic | $-14.35 | $-21.04 | $-1.86 | $-2.50 | $-3.48 | $-2.91 |
| Weighted Average Number of Shares Outstanding, Basic | 3.17M | 3.08M | 54.74M | 54.43M | 53.34M | 38.62M |
| Earnings Per Share, Diluted | $-14.35 | $-21.04 | $-1.86 | $-2.50 | $-3.48 | $-2.91 |
| Weighted Average Number of Shares Outstanding, Diluted | 3.17M | 3.08M | 54.74M | 54.43M | 53.34M | 38.62M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 46.30M | 37.57M | 21.71M | 34.60M | 128.97M | 135.00M |
| Assets, Current | 47.76M | 78.81M | 117.96M | 197.04M | 325.07M | 317.18M |
| Assets | 62.28M | 102.41M | 150.54M | 243.55M | 355.08M | 328.01M |
| Liabilities, Current | 23.08M | 19.36M | 16.34M | 18.35M | 29.50M | 21.18M |
| Liabilities | 43.53M | 41.15M | 39.26M | 42.18M | 36.42M | 23.29M |
| Stockholders' Equity Attributable to Parent | 18.75M | 61.26M | 111.28M | 201.37M | 318.66M | 304.71M |
| Common Stock, Shares, Outstanding | 3.18M | 3.16M | 54.94M | 54.61M | 54.24M | 45.61M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -31.51M | -47.96M | -78.26M | -118.21M | -126.88M | -80.52M |
| Net Cash Provided by (Used in) Investing Activities | 40.22M | 54.95M | 65.24M | 25.20M | -45.81M | -172.11M |
| Net Cash Provided by (Used in) Financing Activities | 23.00K | 8.87M | 135.00K | -1.35M | 166.66M | 228.75M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EBITDA | -8.12M | -13.67M | -8.46M | -10.13M | -16.26M | -13.55M |
| Working Capital | 14.64M | 24.68M | 33.48M | 40.51M | 48.84M | 59.45M |
| Net Debt | -27.58M | -22.29M | -28.44M | -32.90M | -38.24M | -12.10M |
| Return on Equity (ROE) | -64.32% | -69.22% | -24.90% | -24.53% | -32.98% | -20.77% |
| Return on Assets (ROA) | -20.73% | -20.85% | -10.45% | -11.85% | -17.91% | -12.43% |
| Current Ratio | 1.73× | 2.07× | 2.51× | 3.05× | 3.74× | 4.07× |
| Debt-to-Equity | 0.49× | 1.28× | 0.78× | 0.65× | 0.54× | 0.42× |
| Cash Conversion Ratio | 1.72× | 0.50× | 3.23× | 2.15× | 0.90× | 0.66× |
| Accruals Ratio | 0.15× | -0.10× | 0.23× | 0.14× | -0.02× | -0.04× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Research and Development Expense | 4.09M | 5.42M | 4.31M | 5.81M | 7.74M | 9.56M |
| Operating Income (Loss) | -8.25M | -13.85M | -8.65M | -10.33M | -16.46M | -14.27M |
| Net Income (Loss) Attributable to Parent | -7.56M | -12.98M | -7.75M | -9.38M | -15.40M | -12.72M |
| Earnings Per Share, Basic | $-2.36 | $-4.09 | $-2.44 | $-2.96 | $-4.87 | $-4.00 |
| Weighted Average Number of Shares Outstanding, Basic | 3.21M | 3.17M | 3.18M | 3.17M | 3.16M | 3.08M |
| Earnings Per Share, Diluted | $-2.36 | $-4.09 | $-2.44 | $-2.96 | $-4.87 | $-4.00 |
| Weighted Average Number of Shares Outstanding, Diluted | 3.21M | 3.17M | 3.18M | 3.17M | 3.16M | 3.08M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 33.34M | 46.30M | 52.77M | 57.63M | 63.36M | 37.57M |
| Assets, Current | 34.74M | 47.76M | 55.73M | 60.31M | 66.67M | 78.81M |
| Assets | 36.46M | 62.28M | 74.16M | 79.20M | 86.01M | 102.41M |
| Liabilities, Current | 20.10M | 23.08M | 22.25M | 19.80M | 17.82M | 19.36M |
| Liabilities | 24.71M | 43.53M | 43.04M | 40.94M | 39.30M | 41.15M |
| Stockholders' Equity Attributable to Parent | 11.75M | 18.75M | 31.12M | 38.26M | 46.71M | 61.26M |
| Common Stock, Shares, Outstanding | 3.21M | 3.18M | 3.18M | 3.18M | 62.15M | 3.16M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -12.99M | -6.48M | -25.03M | -20.18M | -13.85M | -8.44M |
| Net Cash Provided by (Used in) Investing Activities | 20.00K | 0 | 40.22M | 40.22M | 39.63M | 13.68M |
| Net Cash Provided by (Used in) Financing Activities | — | 9.00K | 14.00K | 14.00K | — | 47.00K |
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 (PASG CIK 0001787297),
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.