Humacyte, Inc.

HUMA Healthcare Biotechnology

Humacyte, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.0 million, up 30.2% from fiscal 2022. In the quarter to June 2026, revenue grew 34.9%, EPS grew 33.3%, free cash flow grew 17.9% and total debt rose 437.5%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

0.43 0.01 −2.27%
Market cap
$122.1M
P/E
0.0×
Fwd P/E
−4.0×
Dividend yield
—
F-score
n/a
Altman Z
−10.48
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Total buys 0.09
Total sells 0.08
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — 2 — — 2 1 —
Sell — — — — — — 2 — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 122.09
Revenue 2.12
Net Income (96.73)
Free Cash Flow (97.56)
Net Debt (15.24)
Current Ratio 6.21 (at or above 1.5: strong)
Debt/Equity 2.07 (above 2: weak)
P/E ratio 0.00
Fwd P/E (3.95) (negative: loss-making)
P/S ratio 47.48 (above 10: high)
P/B ratio 3.22
Past 5Y EPS Growth —
This Y EPS Growth (59.30%) (below 0%: weak)
Next Y EPS Growth 33.12% (at or above 15%: strong)
Next Y revenue growth 72.33% (at or above 10%: strong)
Next 5Y EPS Growth 20.55% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 0.47%
10-year low 10-year high
P/B against its own 10 years 25.14%
10-year low 10-year high
EV/Sales against its own 10 years 2.84%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 80 45 50 80
Receivables — — 0 0
Inventory — — 14 7
Other — — — —
83 48 68 93
2023 2024 2025 Q'26
Payables 6 4 5 4
ST’ Debt — — — —
Other — 1 — —
18 20 18 15

Compound Annual Growth %

10y 5y 3y
Sales — — 10.98%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% (70.15%)

Revenue $m

Mar Jun Sep Dec Year
’26 0 0 — — —
’25 1 0 1 0 2
’22 0 1 0 0 2
’21 0 1 0 0 1
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (25) (22) — — —
’25 (29) (26) (24) (26) (105)
’24 (27) (21) (23) (27) (98)
’23 (19) (23) (13) (19) (73)
’22 (19) (17) (17) (19) (71)
’21 (15) (15) (31) (21) (81)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (25) (22) — — —
’25 (29) (27) (24) (26) (106)
’24 (28) (21) (24) (27) (100)
’23 (20) (23) (13) (19) (76)
’22 (19) (17) (17) (20) (72)
’21 (15) (15) (31) (21) (81)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.09) (0.16) — — —
’25 0.28 (0.24) (0.11) (0.13) (0.26)
’24 (0.29) (0.48) (0.33) (0.16) (1.26)
’23 (0.36) (0.22) (0.25) (0.24) (1.07)
’22 (0.19) 0.35 (0.25) (0.04) (0.12)
’21 (3.46) (2.89) (0.72) 0.41 (0.66)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — 9.65 7.08 1.96 1.96 2.48 0.91

Analyst estimates 2026–2028

Powerpack
High — — — — 10.33 17.45 8.04 5.60 9.97 5.48
People
People Employees — — — 2 2 146 164 185 220 184
Revenue/emp, $m — — — 0.00 0.75 0.01 0.01 0.00 0.00 0.01
Income, $m
Income, $m Revenue — — — — 1 1 2 — — 2
Gross margin, % — — — — 100.00 100.00 100.00 — — (376.05)
EBT — — — — (67) (26) (12) (111) (149) (41)
EBT margin, % — — — — (4,461.70) (2,096.36) (764.54) 0.00 0.00 (2,003.58)
Net income — 0 — 0 (67) (26) (12) (111) (149) (41)
Depreciation — — — — 8 9 10 8 7 7
Per share, $
Per share, $ Revenue — — — — 0.26 0.03 0.02 0.00 0.00 0.01
Earnings — — — — (11.54) (0.66) (0.12) (1.07) (1.26) (0.26)
Cash flow — — — — (9.64) (2.03) (0.69) (0.71) (0.83) (0.66)
Capex — — — — (0.05) (0.01) (0.01) (0.02) (0.01) (0.01)
Free cash flow — — — — (9.68) (2.04) (0.70) (0.73) (0.84) (0.67)
Book value — — — — (60.76) 3.06 1.13 0.13 (0.44) 0.02
Shares, m — — — — 6 40 103 103 118 158
Valuation, ×
Valuation, × P/E — — — — 0.00 0.00 0.00 — — 0.00
P/S — — — — 0.00 229.44 138.94 — — 74.50
P/B — — — — 1.13 2.37 1.86 — — 48.84
EV/Sales — — — — 0.00 89.28 66.94 — — 80.36
EV/FCF — — — — 0.00 (1.39) (1.45) — — (1.55)
Cash, $m
Cash, $m Operating cash flow — — — — (56) (81) (71) (73) (98) (105)
Capex — — — — 0 0 (1) (2) (2) (1)
Free cash flow — — — — (56) (81) (72) (76) (100) (106)
Balance, $m
Balance, $m Working capital — — — — 30 218 135 65 28 49
Total debt — — — — 23 48 39 16 14 62
Net debt — — — — (17) (177) (113) (64) (31) 12
Shareholders’ equity — — — — (350) 122 117 14 (53) 3
Returns, %
Returns, % ROA — — — 0.00 (124.71) (13.47) (4.88) (66.63) (111.77) (32.12)
ROIC — — — — 0.00 0.00 (1,247.32) 0.00 0.00 (449.67)
ROE — — — — 58.32 23.21 (10.01) (169.81) 760.17 164.78
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Humacyte, Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
VYGR Voyager Therapeutics, Inc. $126.9M — (loss-making) — (loss-making) −39.13% (below 0%: shrinking) n/m +24.80% (above 0%: growing) 100.00% (833.87%) Compare
HUMA Humacyte, Inc. $122.1M — (loss-making) — (loss-making) +34.88% (above 0%: growing) n/m +17.85% (above 0%: growing) (203.20%) (6,649.26%)
OTLK Outlook Therapeutics, Inc. $121.7M — (loss-making) — (loss-making) −99.42% (below 0%: shrinking) n/m −76.54% (below 0%: shrinking) (95.40%) (124,255.17%) Compare
ABOS Acumen Pharmaceuticals, Inc. $120.8M — (loss-making) — — n/m +43.23% (above 0%: growing) 0.00% 0.00% Compare
SPRB Spruce Biosciences, Inc. $119.2M — (loss-making) — (loss-making) −75.86% (below 0%: shrinking) n/m −152.10% (below 0%: shrinking) 100.00% 0.00% Compare
NRXP NRx Pharmaceuticals, Inc. $117.3M — (loss-making) — (loss-making) — n/m −142.60% (below 0%: shrinking) 38.69% (590.83%) Compare
HURA TuHURA Biosciences, Inc. $116.6M — (loss-making) — — n/m −70.46% (below 0%: shrinking) 0.00% 0.00% Compare
NERV Minerva Neurosciences, Inc $115.6M — (loss-making) — (loss-making) — n/m −553.48% (below 0%: shrinking) 0.00% 0.00% Compare
ARMP Armata Pharmaceuticals, Inc. $114.9M — (loss-making) — (loss-making) +15.72% (above 0%: growing) n/m −17.98% (below 0%: shrinking) 100.00% (410.84%) Compare
Median of peers $118.3M — — −57.50% — −73.50% 19.35% (205.42%)

All 614 Biotechnology stocks →

Humacyte, Inc. (HUMA) key facts

  • Strength: Humacyte, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.0 million, up 30.2% from fiscal 2022.
  • Humacyte, Inc. (HUMA) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
  • As of October 16, 2026, HUMA traded at $0.43, a market capitalization of $122.1 million.
  • Return on equity was 164.8% and debt-to-equity 2.07.
  • Its Altman Z-score is −10.48 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Humacyte, Inc. (HUMA) Latest News

1 Jun

Impact 3 · transcript
stockrow.com/HUMA · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com