Saturday 17 October 2026 Export HCWB’s income statement to Excel — free account

HCW Biologics Inc.

HCW Biologics Inc.’s revenue for fiscal 2025 (year ended December 2025) was $54,200.00, down 97.9% from fiscal 2024. In the quarter to June 2026, revenue grew 1,954.6%, EPS grew 71.6%, free cash flow fell 20.8% and total debt fell 3.34%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

1.24 0.01 +0.81%

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Market cap: $2.8M
P/E: 0.0×
Fwd P/E: −3.4×
Dividend yield: —
F-score: 3/9
Altman Z: −8.83
Beneish M: −9.28
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Jun '26	Mar '26	Dec '25	Sep '25	Older periods
Piotroski F-Score Full definition →	4	6	4	4	+8 more TTM periods Free account
ROE Full definition →	(600.32%)	1,346.29%	1,113.43%	367.75%
ROA Full definition →	(79.52%)	(70.29%)	(81.45%)	(85.40%)
ROIC Full definition →	(36.15%)	(44.78%)	(107.94%)	(205.79%)
Return on Tangible Assets Full definition →	(683.79%)	(745.32%)	(1,060.53%)	801.83%
Average Days of Receivables Full definition →	1.00	4.14	216.45	26.55
Free Cash Flow per Share Full definition →	(9.14)	(12.67)	(38.29)	(34.17)
Free Cash Flow Full definition →	(12.14)	(11.45)	(13.39)	(12.87)
Other line items
Cash ROIC Full definition →	(82.39%)	(84.41%)	(116.18%)	(222.02%)
Accounts Receivable Turnover Full definition →	335.22	81.23	0.18	1.24
Accounts Payable Turnover Full definition →	0.02	0.00	0.00	0.02
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	14,097.74	85,354.96	110,537.81	20,507.68
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00
Tax Rate Full definition →	0.00	0.00	0.00	0.00
Research and Development Expense of Revenue Full definition →	77.35%	79.21%	10,023.57%	1,222.29%
Selling, General and Administrative Expense of Revenue Full definition →	105.36%	110.84%	14,182.87%	1,950.08%
Share Based Compensation of Revenue Full definition →	3.36%	7.63%	1,415.47%	249.11%
Interest Coverage Full definition →	(13.44)	(11.40)	(15.58)	(13.53)
Operating CF/Net income Full definition →	0.55	0.61	0.60	0.58
Depreciation/Fixed assets Full definition →	0.03	0.04	0.05	0.07
Capex/Depreciation Full definition →	0.00	0.00	0.00	0.00
Revenue per Share Full definition →	5.06	7.29	0.16	1.12
Operating CF per Share Full definition →	(9.14)	(12.67)	(38.29)	(34.17)
Capex per Share Full definition →	0.00	0.00	0.00	0.00
Capex to Sales Full definition →	0.00	0.00	0.00	0.00

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Columns are period end dates

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