ZBIO — Zenas BioPharma, Inc.

Nasdaq · Health Care · Pharmaceuticals · CIK 1953926 ·
Last close
$18.73
Market Cap
$1.18B
52W High
$26.98
52W Low
$16.41
ADV30
519,441
Next earnings
2026-08-12
Zenas BioPharma, Inc., a clinical-stage biopharma company, engages in the development and commercialization of transformative immunology-based therapies. Its lead product candidate is obexelimab, a bifunctional monoclonal antibody designed to bind CD19 and Fc?RIIb for the treatment of various I&I diseases and various indications, including immunoglobulin G4-related disease, multiple sclerosis, and systemic lupus erythematosus. The company develops ZB002, an anti-TNFa monoclonal antibody; ZB004, a CTLA-4-Ig fusion protein designed to have an extended half-life versus; and ZB001, an anti-IGF-1R monoclonal antibody. The company was formerly known as Zenas BioPharma (Cayman) Limited and changed its name to Zenas BioPharma, Inc. in August 2023. The company was incorporated in 2019 and is headquartered in Waltham, Massachusetts.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Mar 2026 0 -77,350,000 -80,987,000 747,682,000 500,224,000 411,853,000
Dec 2025 0 -71,312,000 -240,442,000 383,640,000 110,641,000 141,496,000
Sep 2025 0 -47,580,000 -51,499,000 322,018,000 115,565,000 125,590,000
Jun 2025 0 -55,163,000 -52,223,000 293,085,000 44,006,000 53,459,000

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$-172,333,000
Investing CF
$-251,886,000
Financing CF
$215,280,000
CapEx
$-35,092,000
Dividends Paid
Buybacks
EPS Diluted TTM
$-7.81
As of
2026-05-10

Balance + Analyst (yfinance extras)

Retained Earnings
$-765,128,000
Inventory
Receivables
ST Investments
$232,551,000
EBIT TTM
$-370,489,000
Pretax Income TTM
$-377,816,000
Interest Exp TTM
Analysts
8

Yahoo Snapshot (yfinance, live)

Total Revenue
$0
EBITDA
$-251,366,000
Free Cash Flow
$-166,289,872
Enterprise Value
$747,264,192
Total Cash
$717,204,992
Total Debt
$266,828,992
Shares Out
63,133,377
Trailing EPS
$-9.10
Book Value
$4.44
ROE
-137.1%
ROA
-29.1%
Div Yield

Annual Trend (SEC EDGAR, last 4y)

Revenues vs Net Income (last 4y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Dec 2025 10,000,000 -211,385,000 -377,737,000 383,640,000 141,496,000 -172,333,000
Dec 2024 5,000,000 -163,888,000 -156,988,000 369,968,000 57,510,000 -119,674,000
Dec 2023 50,000,000 -27,147,000 -37,124,000 68,180,000 293,901,000 -30,529,000
Dec 2022 0 -75,199,000 -119,282,000 74,579,000 266,865,000 -65,652,000

TTM Snapshot

Revenues TTM
NetIncome TTM
OpCashFlow TTM
Assets (Latest)
Forward EPS
$-2.27

Max Pain — expiry 2027-01-15

max pain strike: $10.00 · spot: $18.73 · call oi: 1,064 · put oi: 1

Peers — same industry

TickerNameMarket CapLastDaily %
AVLN Avalyn Pharma Inc. $1.18B $26.70
OLMA Olema Pharmaceuticals, Inc. $1.18B $13.55
EVOTF Evotec SE $1.19B $6.69
SMNR Semnur Pharmaceuticals, Inc. $1.15B $5.00
WVE Wave Life Sciences Ltd. $1.23B $6.38

News headlines (Yahoo Finance, 1h cache)

Insiders Buy the Dip in These 2 Crushed Stocks With Strong Buy Ratings
2026-05-21 17:58 · Yahoo
Zenas BioPharma Announces Upcoming Presentation of Results from Phase 3 INDIGO Registrational Trial of Obexelimab in Immunoglobulin G4-Related Disease (IgG4-RD) at EULAR 2026 Congress
2026-05-19 11:05 · Yahoo
Zenas BioPharma Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
2026-05-18 20:15 · Yahoo
Why Zenas BioPharma (ZBIO) Is Down 7.7% After Reporting a Sharply Wider Quarterly Net Loss
2026-05-13 17:28 · Yahoo
Zenas BioPharma Announces First Subject Dosed in Phase 1 Clinical Trial of ZB021, a Novel, Potentially Best-in-Class Oral IL-17AA/AF Inhibitor
2026-05-13 10:50 · Yahoo
Zenas BioPharma Reports First Quarter 2026 Financial Results and Provides Corporate Update
2026-05-13 10:00 · Yahoo
IgG4-Related Disease Market Analysis and Forecasts, 2025-2026 & 2035 with Amgen, Zenas BioPharma, Bristol Myers Squibb, and Sanofi Leading
2026-05-07 11:34 · Yahoo
Insiders Are Scooping Up These 2 ‘Strong Buy’ Stocks
2026-04-08 10:01 · Yahoo
Zenas BioPharma Funding Shifts Focus From Survival Risk To Execution Risk
2026-03-29 05:05 · Yahoo
Sector Update: Health Care Stocks Softer Late Afternoon
2026-03-27 19:52 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.