Crescent Biopharma, Inc. financials
Source: EDGAR filings · Built 2026-06-19T00:37:06Z
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 | -72.45M | -31.11M | -34.90M | -46.54M | -57.50M | -39.31M |
| EBITDA | -152.55M | -40.00M | -39.12M | -47.20M | -63.18M | -51.24M |
| Working Capital | 200.58M | 25.19M | 36.96M | 41.83M | 78.96M | 125.84M |
| Net Debt | -211.55M | 2.78M | -40.98M | -46.95M | -88.33M | -134.22M |
| Operating Margin | -1407.52% | — | -392752.93% | -63204.43% | -5470.69% | -506.84% |
| Net Margin | -1419.61% | — | -368994.20% | -62251.74% | -5468.98% | -502.09% |
| Return on Equity (ROE) | -75.83% | 244.71% | -96.06% | -108.76% | -77.73% | -39.80% |
| Return on Assets (ROA) | -64.06% | -106.35% | -81.43% | -90.11% | -67.23% | -35.73% |
| Current Ratio | 6.56× | 3.62× | 6.41× | 5.71× | 7.68× | 11.13× |
| Debt-to-Equity | 0.01× | -2.43× | 0.02× | 0.02× | 0.02× | 0.02× |
| Effective Tax Rate | -1.32% | 0.00% | — | — | — | — |
| Cash Conversion Ratio | 0.46× | 0.82× | 0.95× | 0.99× | 0.91× | 0.77× |
| Accruals Ratio | -0.34× | -0.19× | -0.04× | -0.00× | -0.06× | -0.08× |
| SBC % of Revenue | 122.65% | — | 35244.76% | 5143.44% | 524.87% | 67.91% |
| CapEx Coverage | -77.84× | -3118.73× | -1630.36× | -551.81× | -3847.25× | -572.82× |
| Free Cash Flow Per Share | — | $-0.48 | $-0.55 | $-0.89 | $-1.12 | $-0.86 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 10.84M | 0 | — | — | — | — |
| Research and Development Expense | 138.09M | 14.26M | 20.07M | 28.39M | 47.49M | 44.93M |
| Operating Expenses | 163.48M | 40.04M | 39.29M | 47.48M | 64.61M | 61.67M |
| Operating Income (Loss) | -152.63M | -40.04M | -39.28M | -47.40M | -63.45M | -51.51M |
| Income Tax Expense (Benefit) | 2.00M | 0 | — | — | — | — |
| Net Income (Loss) Attributable to Parent | -153.94M | -37.88M | -36.90M | -46.69M | -63.43M | -51.03M |
| Earnings Per Share, Basic | — | $-0.59 | $-0.58 | $-0.89 | $-1.23 | $-1.12 |
| Weighted Average Number of Shares Outstanding, Basic | — | 64.48M | 63.34M | 52.53M | 51.45M | 45.72M |
| Earnings Per Share, Diluted | — | $-0.59 | $-0.58 | $-0.89 | $-1.23 | $-1.12 |
| Weighted Average Number of Shares Outstanding, Diluted | — | 64.48M | 63.34M | 52.53M | 51.45M | 45.72M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 213.19M | 34.77M | 41.79M | 47.87M | 90.25M | 137.04M |
| Assets, Current | 236.66M | 34.80M | 43.79M | 50.71M | 90.79M | 138.27M |
| Assets | 240.29M | 35.62M | 45.32M | 51.81M | 94.35M | 142.83M |
| Liabilities, Current | 36.07M | 9.61M | 6.84M | 8.88M | 11.82M | 12.43M |
| Liabilities | 37.28M | 47.10M | 6.90M | 8.88M | 12.74M | 14.61M |
| Stockholders' Equity Attributable to Parent | 203.01M | -15.48M | 38.41M | 42.93M | 81.60M | 128.22M |
| Common Stock, Shares, Outstanding | 27.56M | 1.02M | 64.39M | 54.38M | 52.31M | 49.02M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -71.53M | -31.10M | -34.88M | -46.46M | -57.49M | -39.24M |
| Payments to Acquire Property, Plant, and Equipment | 919.00K | 9.97K | 21.39K | 84.19K | 14.94K | 68.51K |
| Net Cash Provided by (Used in) Investing Activities | -72.92M | 20.03K | -21.39K | -84.19K | -14.94K | -68.51K |
| Net Cash Provided by (Used in) Financing Activities | 322.98M | 5.40K | 28.82M | 4.16M | 10.72M | 18.14M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -9.08M | -26.93M | -45.52M | -27.39M | -10.85M | -3.70M |
| EBITDA | -24.66M | -91.44M | — | — | -14.22M | -7.33M |
| Working Capital | 181.37M | 200.58M | 114.26M | 137.48M | 3.38M | 25.19M |
| Net Debt | -187.62M | -211.55M | -131.52M | -151.00M | — | 2.78M |
| Operating Margin | -2380.08% | — | — | — | — | — |
| Net Margin | -2240.90% | — | — | — | — | — |
| Return on Equity (ROE) | -12.66% | -11.48% | -21.10% | -15.65% | 50.22% | 46.66% |
| Return on Assets (ROA) | -11.69% | -9.70% | -17.80% | -13.84% | -252.80% | -20.28% |
| Current Ratio | 13.78× | 6.56× | 6.63× | 9.21× | 2.29× | 3.62× |
| Debt-to-Equity | 0.01× | 0.01× | 0.01× | 0.01× | — | -2.43× |
| Cash Conversion Ratio | 0.38× | 1.15× | 1.82× | 1.25× | 0.72× | 0.51× |
| Accruals Ratio | -0.07× | 0.01× | 0.15× | 0.03× | -0.72× | -0.10× |
| SBC % of Revenue | 395.86% | — | — | — | — | — |
| CapEx Coverage | -60.80× | -138.55× | -61.70× | -194.66× | — | — |
| Free Cash Flow Per Share | — | — | — | — | $-0.03 | $-0.06 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.04M | — | — | — | 0 | — |
| Research and Development Expense | 17.90M | 95.03M | 20.35M | 12.08M | 10.63M | 233.21K |
| Operating Expenses | 25.77M | 102.34M | 25.89M | 21.03M | 14.22M | 7.33M |
| Operating Income (Loss) | -24.73M | -91.49M | -25.89M | -21.03M | -14.22M | -7.33M |
| Income Tax Expense (Benefit) | 0 | 2.00M | 0 | 0 | 0 | — |
| Net Income (Loss) Attributable to Parent | -23.28M | -23.30M | -24.61M | -21.79M | -15.15M | — |
| Earnings Per Share, Basic | — | — | — | — | $-0.04 | $-0.11 |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | — | 64.52M | 64.48M |
| Earnings Per Share, Diluted | — | — | — | — | — | $-0.11 |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | — | 64.48M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 189.16M | 213.19M | 133.26M | — | 22.43M | 34.77M |
| Assets, Current | 195.56M | 236.66M | 134.56M | 154.23M | 5.99M | 34.80M |
| Assets | 199.13M | 240.29M | 138.27M | 157.43M | 5.99M | 35.62M |
| Liabilities, Current | 14.19M | 36.07M | 20.30M | 16.75M | 2.62M | 9.61M |
| Liabilities | 15.28M | 37.28M | 21.63M | 18.18M | 2.62M | 47.10M |
| Stockholders' Equity Attributable to Parent | 183.85M | 203.01M | 116.64M | 139.25M | -30.16M | -15.48M |
| Common Stock, Shares, Outstanding | 27.57M | 27.56M | 13.89M | 13.89M | 64.53M | 1.02M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -8.94M | -26.74M | -44.79M | -27.25M | -10.85M | -3.70M |
| Payments to Acquire Property, Plant, and Equipment | 147.00K | 193.00K | 726.00K | 140.00K | 0 | 0 |
| Net Cash Provided by (Used in) Investing Activities | -8.15M | -72.19M | -726.00K | -140.00K | 0 | 30.00K |
| Net Cash Provided by (Used in) Financing Activities | -6.95M | 178.86M | 144.12M | 145.38M | -1.49M | 0 |
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 (CBIO CIK 0001253689),
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.