TERN — Terns Pharmaceuticals, Inc.

Nasdaq · Health Care · Pharmaceuticals · CIK 1831363 ·
Last close
$52.95
Market Cap
$6.12B
52W High
$53.19
52W Low
$38.82
ADV30
6,660,975
Next earnings
2026-05-07
Terns Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, develops small-molecule product candidates for the treatment of oncology and obesity. The company develops TERN-701, an allosteric BCR-ABL tyrosine kinase inhibitor (TKI) that is in Phase 1/2 clinical trial for chronic myeloid leukemia (CML), a form of cancer that starts in bone marrow. It also develops TERN-501, a thyroid hormone receptor beta agonist with enhanced metabolic stability and liver distribution that is in Phase IIa clinical trial for the treatment of metabolic dysfunction-associated steatohepatitis (MASH); and TERN-801 series of small-molecule glucose-dependent insulinotropic polypeptide receptor (GIPR) modulators for obesity. The company was incorporated in 2016 and is headquartered in Foster City, California. As of May 4, 2026, Terns Pharmaceuticals, Inc. operates as a subsidiary of Merck Sharp & Dohme LLC.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Dec 2025 0 -27,598,000 -23,571,000 1,025,078,000 524,747,000 18,554,000
Sep 2025 0 -27,716,000 -24,635,000 301,651,000 150,698,000 17,585,000
Jun 2025 0 -27,383,000 -24,093,000 320,415,000 145,966,000 15,186,000
Mar 2025 0 -27,427,000 -23,908,000 339,315,000 139,023,000 13,272,000

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$-82,176,000
Investing CF
$-298,043,000
Financing CF
$743,511,000
CapEx
Dividends Paid
Buybacks
EPS Diluted TTM
$-1.03
As of
2026-05-10

Balance + Analyst (yfinance extras)

Retained Earnings
$-517,688,000
Inventory
Receivables
ST Investments
$494,235,000
EBIT TTM
$-110,124,000
Pretax Income TTM
$-95,626,000
Interest Exp TTM
Analysts
4

Annual Trend (SEC EDGAR, last 5y)

Revenues vs Net Income (last 5y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Dec 2025 0 -110,124,000 -96,207,000 1,025,078,000 18,554,000 -82,176,000
Dec 2024 0 -101,871,000 -88,853,000 363,929,000 18,059,000 -70,016,000
Dec 2023 0 -102,558,000 -90,210,000 268,517,000 13,150,000 -67,390,000
Dec 2022 0 -62,029,000 -60,345,000 287,026,000 10,083,000 -49,109,000
Dec 2021

TTM Snapshot

Revenues TTM
NetIncome TTM
OpCashFlow TTM
Assets (Latest)
Forward EPS
$-1.56

Peers — same industry

TickerNameMarket CapLastDaily %
TGTX TG THERAPEUTICS, INC. $6.08B $39.73
CNTA Centessa Pharmaceuticals plc $6.16B $39.78
RYTM RHYTHM PHARMACEUTICALS, INC. $6.16B $89.82
MIRM Mirum Pharmaceuticals, Inc. $6.03B $98.90
ALKS Alkermes plc. $6.23B $37.35

News headlines (Yahoo Finance, 1h cache)

Acuta Capital Bet on Erasca (ERAS) and Targeted Cancer Treatments With a 354,575 Share Buy
2026-05-16 15:01 · Yahoo
MSD concludes Terns acquisition to expand CML pipeline
2026-05-06 09:47 · Yahoo
Merck Completes Acquisition of Terns Pharmaceuticals, Inc.
2026-05-05 12:45 · Yahoo
Merck still sees ‘compelling’ outlook for Terns leukemia drug
2026-04-30 12:21 · Yahoo
Terns Pharmaceuticals Announces FDA Breakthrough Therapy Designation Granted to TERN-701 for Certain Patients with Chronic Myeloid Leukemia
2026-04-27 12:05 · Yahoo
Merck Advances Terns Deal And Cardiovascular And RSV Growth Options
2026-04-26 23:06 · Yahoo
Merck Announces Expiration of Hart-Scott-Rodino Act Waiting Period to Acquire Terns Pharmaceuticals, Inc.
2026-04-24 10:45 · Yahoo
UBS Raises Merck (MRK) Price Forecast as Part of Sector Preview
2026-04-17 17:54 · Yahoo
AZN vs. MRK: Which Oncology Stock Offers Better Investment Potential?
2026-04-09 13:18 · Yahoo
Why Terns Pharmaceuticals Stock Rocked the Market in March
2026-04-08 18:20 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.