Tectonic Therapeutic, Inc.

TECX Healthcare Biotechnology

EPS
−10.3%
Free cash flow
−46.7%
Total debt
−94.0%

Quarter to June 2026, against a year earlier

20.62 1.20 +6.18%
Market cap
$379.7M
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 0.18
Sold, $m 0.65
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 2 — — — — — — — — —
Sell — — — 3 1 1 1 — 2 1 — —
Insider Ownership 46.37%

Capital & Financial Ratios $m

Size
Market Cap 379.65
Revenue ttm —
Net income ttm (85.79)
Free cash flow ttm (72.38)
Net debt Q (227.07)
Valuation
P/E 0.00
Forward P/E —
Price / sales 0.00
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.75
Financial health
Current ratio Q 22.29 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (4,036.33)
Growth
Revenue growth Q —
Operating income growth Q −8.45% (below 0%: shrinking)
EPS, this year −24.19% (below 0%: weak)
EPS, next year A −2.12% (below 0%: weak)
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A −12.66% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/B against its own 10 years 25.45%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 29 141 254 227
Receivables — — — —
Inventory — — — —
Other — — — —
31 147 257 231
2023 2024 2025 Q'26
Payables 0 1 1 2
ST’ Debt — — — —
Other 31 — — —
41 12 10 10

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — (0.24%) 49.40%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (1.34) (1.18) — — —
’25 (0.93) (1.07) (1.02) (1.03) (4.05)
’24 (10.97) (4.34) (1.20) (0.84) (6.83)
’23 (0.57) (8.51) (7.62) (0.20) (33.75)
’22 (0.68) (0.64) (0.52) (0.57) (2.42)
’21 (0.65) (0.74) (0.75) (0.65) (2.78)
’20 (0.77) (0.80) (1.01) (0.73) (3.31)
Fiscal quarters ending in the months shown.

Revenue $m

Year
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (18) (21) — — —
’25 (13) (15) (18) (14) (60)
’24 (9) (13) (20) (17) (59)
’23 (20) 0 (8) (12) (41)
’22 (28) (29) (16) (24) (97)
’21 (27) (20) (25) (26) (98)
’20 (22) (21) (25) (30) (99)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (18) (22) — — —
’25 (13) (15) (18) (14) (60)
’24 (9) (13) (20) (17) (59)
’23 (20) 0 (8) (12) (41)
’22 (28) (29) (17) (24) (97)
’21 (27) (21) (25) (27) (100)
’20 (23) (22) (25) (31) (100)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — — — — — — — — — — —
Gross margin, % — 0.00 0.00 0.00 0.00 0.00 0.00 — — — 0.00 0.0 pt
EBT (5) (19) (46) (73) (120) (119) (106) (43) (58) (73) (85) +35.7%
EBT margin, % 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
Net income (5) (19) (46) (73) (120) (119) (106) (43) (58) (74) (86) +36.0%
Per share, $
Per share, $ Revenue 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Earnings (2.29) (8.34) (3.62) (2.66) (3.31) (2.78) (2.42) (33.75) (6.83) (4.05) (4.57) +6.5%
Cash flow (1.63) (7.33) (2.80) (2.47) (2.73) (2.29) (2.22) (32.06) (6.96) (3.28) (3.80) +8.1%
Capex 0.00 (0.17) (0.14) (0.06) (0.03) (0.06) (0.01) (0.22) (0.02) (0.01) (0.01) n/m
Free cash flow (1.63) (7.50) (2.94) (2.52) (2.76) (2.34) (2.23) (32.28) (6.98) (3.29) (3.82) +8.1%
Book value (2.25) (10.35) 9.09 6.78 7.02 3.95 1.72 (66.69) 16.58 13.72 11.80 n/m
Shares, m 2 2 13 27 36 43 44 1 8 18 19 +27.6%
Valuation, ×
Valuation, × P/E — — — — — — — — — — 0 —
P/S — — — — — — — — — — 0 —
P/B — — — — — — — — — — 0 —
EV/Sales — — — — — — — — — — 0 —
EV/FCF — — — — — — — — — — 0 —
Cash, $m
Cash, $m Operating cash flow (3) (16) (38) (68) (99) (98) (97) (41) (59) (60) (72) +38.0%
Capex — 0 (2) (2) (1) (2) 0 0 0 0 0 (12.0%)
Free cash flow (3) (17) (39) (69) (100) (100) (97) (41) (59) (60) (72) +38.0%
Balance, $m
Balance, $m Working capital 4 4 119 182 251 180 87 (10) 135 248 221 +56.2%
Net debt (5) (6) (126) (187) (260) (175) (78) (28) (141) (254) (227) +53.6%
Shareholders’ equity (5) (23) 122 186 254 169 75 (85) 141 251 224 n/m
Returns, %
Returns, % ROA (80.00) (301.61) (69.19) (43.69) (50.75) (50.15) (68.81) (59.75) (60.30) (35.83) (32.23) +44.2 pt
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE 35.86 135.19 (98.14) (47.35) (54.37) (56.22) (86.50) 924.30 (206.56) (37.82) (33.80) (73.7) pt
People
People Employees — 34 49 85 121 122 78 13 51 60 — +7.4%
Revenue/emp, $m — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Tectonic Therapeutic, 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
RLMD Relmada Therapeutics, Inc. $402.1M — (loss-making) — — n/m −50.06% (below 0%: shrinking) 0.00% 0.00% Compare
BLSM BlossomHill Therapeutics, Inc. $392.6M — (loss-making) — — n/m — — 0.00% Compare
EDIT Editas Medicine, Inc. $391.6M — (loss-making) — (loss-making) +232.31% (above 0%: growing) n/m +40.72% (above 0%: growing) 100.00% (156.05%) Compare
ALT Altimmune, Inc. $383.2M — (loss-making) — (loss-making) +520.00% (above 0%: growing) n/m −25.27% (below 0%: shrinking) 100.00% 0.00% Compare
TECX Tectonic Therapeutic, Inc. $379.7M — (loss-making) — — n/m −46.69% (below 0%: shrinking) 0.00% 0.00%
ALLO Allogene Therapeutics, Inc. $376.6M — (loss-making) — (loss-making) +20,990.91% (above 0%: growing) n/m +17.73% (above 0%: growing) 100.00% (1,011.21%) Compare
LYEL Lyell Immunopharma, Inc. $367.6M — (loss-making) — (loss-making) −80.00% (below 0%: shrinking) n/m −21.82% (below 0%: shrinking) 100.00% (1,609,833.33%) Compare
CCCC C4 Therapeutics, Inc. $362.9M — (loss-making) — (loss-making) −24.59% (below 0%: shrinking) n/m +17.88% (above 0%: growing) 100.00% (290.46%) Compare
ZURA Zura Bio Limited $358.3M — (loss-making) — — n/m −26.22% (below 0%: shrinking) — 0.00% Compare
Median of peers $379.9M — — +232.31% — −21.82% 100.00% (78.02%)

All 621 Biotechnology stocks →

Pay and ownership Proxy statement filed 24 April 2026

Ownership

Directors and executive officers, together 39.80%
Persons and entities affiliated with Timothy A. Springer, Ph.D. 32.10%
Timothy A. Springer, Ph.D. 32.10%
Entities affiliated with FMR LLC 14.90%
Persons and entities affiliated with TCG Crossover Fund 6.20%
Entities affiliated with Aberdeen Group plc 6.10%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Tectonic Therapeutic, Inc. (TECX) Latest News

22 Nov

Impact 4 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

12 Oct

30 Jun

Impact 3 · · GlobeNewswire

5 May

Impact 3 · · Simply Wall St.

3 Feb

Impact 4 · · GlobeNewswire
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