TECTONIC THERAPEUTIC, INC. financials
Source: EDGAR filings · Built 2026-06-02T04:09:31Z
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 | -60.77M | -59.71M | -41.46M | -97.47M | -100.49M | -99.98M |
| EBITDA | -82.66M | -56.37M | -43.17M | -103.99M | -117.44M | -119.02M |
| Working Capital | 247.69M | 135.25M | -10.00M | 86.84M | 179.76M | 250.63M |
| Net Debt | -252.52M | -137.94M | -26.54M | -76.10M | -174.57M | — |
| Return on Equity (ROE) | -29.50% | -41.19% | 50.60% | 231.94% | -70.29% | -47.07% |
| Return on Assets (ROA) | -28.41% | -37.92% | -108.69% | -101.87% | -58.44% | -44.14% |
| Current Ratio | 26.63× | 12.65× | 0.76× | 7.62× | 10.27× | 16.09× |
| Debt-to-Equity | 0.01× | 0.02× | -0.03× | -0.36× | 0.09× | — |
| Effective Tax Rate | -1.69% | 0.00% | — | — | — | — |
| Cash Conversion Ratio | 0.81× | 1.02× | 0.95× | 0.92× | 0.82× | 0.83× |
| Accruals Ratio | -0.05× | 0.01× | -0.05× | -0.08× | -0.10× | -0.08× |
| CapEx Coverage | -86.20× | -93.63× | -52.29× | -364.07× | -39.83× | -83.94× |
| Free Cash Flow Per Share | $-3.32 | $-7.03 | $-32.68 | $-2.23 | $-2344.85 | $-2.76 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/B | 1.56× | 4.87× | — | — | — | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Research and Development Expense | 63.49M | 41.36M | 36.97M | 72.19M | 83.11M | 87.24M |
| Operating Expenses | 84.04M | 58.02M | 44.65M | 105.43M | 118.84M | 120.23M |
| Operating Income (Loss) | -84.04M | -58.02M | -44.65M | -105.43M | -118.84M | -120.23M |
| Income Tax Expense (Benefit) | 1.23M | 0 | 0 | 0 | — | — |
| Net Income (Loss) Attributable to Parent | -74.15M | -57.98M | -42.82M | -105.89M | -119.13M | -119.71M |
| Earnings Per Share, Basic | $-4.05 | $-6.83 | $-33.76 | $-2.42 | $-2.78 | — |
| Weighted Average Number of Shares Outstanding, Basic | 18.32M | 8.49M | 1.27M | 43.74M | 42,854 | — |
| Earnings Per Share, Diluted | $-4.05 | $-6.83 | $-33.76 | $-2.42 | $-2.78 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 18.32M | 8.49M | 1.27M | 43.74M | 42,854 | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 253.80M | 141.24M | 28.77M | 92.56M | 189.57M | 259.68M |
| Assets, Current | 257.36M | 146.86M | 30.88M | 99.96M | 199.15M | 267.24M |
| Assets | 261.04M | 152.91M | 39.40M | 103.95M | 203.84M | 271.23M |
| Long-term Debt | — | — | — | 15.00M | 15.00M | — |
| Liabilities, Current | 9.67M | 11.61M | 40.89M | 13.12M | 19.39M | 16.61M |
| Liabilities | 9.71M | 12.13M | 43.41M | 28.58M | 34.36M | 16.89M |
| Stockholders' Equity Attributable to Parent | 251.33M | 140.78M | -84.64M | -45.65M | 169.48M | 254.34M |
| Common Stock, Shares, Outstanding | 18.74M | 14.86M | 1.41M | 43.92M | 43.65M | 43.65M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -60.08M | -59.08M | -40.68M | -97.21M | -98.03M | -98.80M |
| Payments to Acquire Property, Plant, and Equipment | 208.00K | 156.00K | 279.00K | 267.00K | 2.46M | 1.18M |
| Net Cash Provided by (Used in) Investing Activities | -138.00K | -156.00K | -279.00K | -267.00K | -2.46M | -1.18M |
| Net Cash Provided by (Used in) Financing Activities | 173.35M | 171.71M | 33.75M | 262.00K | 30.37M | 172.62M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -18.54M | -14.59M | -46.19M | -28.07M | -13.23M | -16.94M |
| EBITDA | -27.00M | -21.18M | — | — | -17.94M | -13.48M |
| Working Capital | 226.93M | 247.69M | 263.87M | 279.49M | 296.13M | 135.25M |
| Net Debt | -232.26M | -252.52M | -267.20M | -285.44M | -303.61M | -137.94M |
| Return on Equity (ROE) | -10.95% | -7.65% | -7.12% | -7.04% | -5.28% | -8.79% |
| Return on Assets (ROA) | -10.24% | -7.37% | -6.87% | -6.77% | -5.05% | -8.09% |
| Current Ratio | 18.51× | 26.63× | 29.15× | 25.60× | 22.92× | 12.65× |
| Debt-to-Equity | 0.02× | 0.01× | 0.00× | 0.01× | 0.01× | 0.02× |
| Effective Tax Rate | — | -1.34% | 0.00% | -5.13% | — | 0.00% |
| Cash Conversion Ratio | 0.73× | 0.75× | 2.40× | 1.39× | 0.82× | 1.36× |
| Accruals Ratio | -0.03× | -0.02× | 0.10× | 0.03× | -0.01× | 0.03× |
| CapEx Coverage | -148.49× | -113.87× | -80.03× | -104.52× | -90.23× | -142.55× |
| Free Cash Flow Per Share | $-0.99 | $-0.80 | $-2.47 | $-1.50 | $-0.77 | $-2.00 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/B | 2.53× | 1.56× | 1.10× | 1.31× | 1.10× | 4.87× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Research and Development Expense | 20.87M | 16.34M | 16.93M | 17.18M | 13.04M | 9.16M |
| Operating Expenses | 27.30M | 21.52M | 21.89M | 22.33M | 18.30M | 13.99M |
| Operating Income (Loss) | -27.30M | -21.52M | -21.89M | -22.33M | -18.30M | -13.99M |
| Income Tax Expense (Benefit) | — | 254.00K | 0 | 976.00K | — | 0 |
| Net Income (Loss) Attributable to Parent | -25.24M | -19.23M | -19.04M | -19.98M | -15.91M | -12.37M |
| Earnings Per Share, Basic | $-1.34 | $-1.03 | $-1.02 | $-1.07 | $-0.93 | $0.33 |
| Weighted Average Number of Shares Outstanding, Basic | 18.77M | 18.32M | 18.71M | 18.68M | 17.16M | 8.49M |
| Earnings Per Share, Diluted | $-1.34 | $-1.03 | $-1.02 | $-1.07 | $-0.93 | $0.33 |
| Weighted Average Number of Shares Outstanding, Diluted | 18.77M | 18.32M | 18.71M | 18.68M | 17.16M | 8.49M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 236.89M | 253.80M | 268.44M | 287.38M | 306.25M | 141.24M |
| Assets, Current | 239.89M | 257.36M | 273.24M | 290.85M | 309.64M | 146.86M |
| Assets | 246.58M | 261.04M | 277.00M | 295.31M | 314.83M | 152.91M |
| Liabilities, Current | 12.96M | 9.67M | 9.37M | 11.36M | 13.51M | 11.61M |
| Liabilities | 16.16M | 9.71M | 9.47M | 11.55M | 13.79M | 12.13M |
| Stockholders' Equity Attributable to Parent | 230.42M | 251.33M | 267.53M | 283.77M | 301.04M | 140.78M |
| Common Stock, Shares, Outstanding | 18.83M | 18.74M | 18.71M | 18.71M | 18.67M | 14.86M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -18.41M | -14.46M | -45.62M | -27.80M | -13.08M | -16.82M |
| Payments to Acquire Property, Plant, and Equipment | 19.00K | 0 | 208.00K | 27.00K | 27.00K | 3.00K |
| Net Cash Provided by (Used in) Investing Activities | -19.00K | 0 | -138.00K | 28.00K | -27.00K | -3.00K |
| Net Cash Provided by (Used in) Financing Activities | 847.00K | -141.00K | 173.50M | 173.95M | 178.12M | -1.07M |
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 (TECX CIK 0001681087),
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.