ZBIOZenas BioPharma, Inc.

$26.87+11% 1Y

Is the business good?

How good a business is ZBIO?

Zenas BioPharma, Inc. spent more than it took in: an operating loss of $476M on $1.0M of revenue, 12 months to Q2 2026.

$476M

Operating loss · on $1.0M of revenue · 12 months to Q2 2026

Share count, year on year
+51%

Share count, year on year · shareholders own a smaller slice than a year ago

Operating margin by fiscal year
YearOperating margin
FY2023−74%
FY2024−3278%
FY2025−3831%
Details›
Operating margin12 months to Q2 2026
−47557%
Net margin12 months to Q2 2026
−48438%
Free cash flow margin
−22597%
R&D as % of revenue
21347%
Revenue, trailing twelve months
$1.0M
Free cash flow, trailing twelve months
−$226M
Net income, trailing twelve months
−$484M

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

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