Whitehawk Therapeutics, Inc.

WHWK

Healthcare Biotechnology

Whitehawk Therapeutics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.1 million, down 72.5% from fiscal 2024.

Revenue
+33.5%
EPS
+73.7%
Free cash flow
+72.6%

Quarter to June 2026, against a year earlier

3.13 0.11 +3.64%
Market cap
$178.4M
P/E
n/m
Fwd P/E
n/m
Dividend yield
—
F-score
4/9
ROIC
0.00%
Net debt / EBITDA
1.3×
Dividend safety
n/a

Insider Decisions last twelve months

Net sold
$2.6M
Trades
9 sells · 0 buys
Ownership
60.4%

Capital & Financial Ratios $m

Size
Market Cap 178
Revenue ttm 28
Net income ttm (80)
Free cash flow ttm (69)
Net debt Q (190)
Valuation
P/E n/m
Forward P/E n/m
Price / sales 9.3
Forward P/S Powerpack
Price / FCF n/m
Price / book 1.4
Financial health
Current ratio Q 17.4 (at or above 1.5: strong)
Debt / equity Q n/m
Interest coverage Q (353.0)
Growth
Revenue growth Q +33.5% (above 0%: growing)
Operating income growth Q +66.9% (above 0%: growing)
EPS, this year −179.2% (below 0%: weak)
EPS, next year A +5.4%
Revenue, next year A −115.7% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +18.9% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

P/S against its own 10 years 64.02%
10-year low 10-year high
P/B against its own 10 years 57.17%
10-year low 10-year high
EV/Sales against its own 10 years 41.63%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 109 47 146 190
Receivables 5 6 — —
Inventory 6 5 — —
Other — 3 3 —
125 61 149 192
2023 2024 2025 Q'26
Payables 6 2 1 1
ST’ Debt — — — —
Other — — — —
26 17 15 11

Compound Annual Growth %

10y 5y 3y
Sales — (13.29%) (22.27%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 0.00% (4.88%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.32) (0.20) — — —
’25 1.83 (0.76) (0.26) (0.34) (0.33)
’24 (0.68) (0.54) (0.46) (0.67) (2.36)
’23 (0.57) (0.67) (0.60) (0.60) (2.44)
’22 (0.66) (0.87) (0.68) (0.52) (2.69)
’21 (2.15) (0.60) (9.17) (0.77) (12.41)
’20 (1.50) 3.45 (1.14) (1.50) (1.76)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 7 — — — 7
’24 5 6 7 7 26
’23 6 6 6 6 24
’22 2 3 4 5 15
’21 0 — — 1 1
’20 — 15 0 (1) 15
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (22) (15) — — —
’25 (12) (53) (15) (17) (97)
’24 (20) (9) (16) (15) (60)
’23 (21) (17) (12) (10) (60)
’22 (19) (11) (8) (11) (50)
’21 11 (3) (17) (12) (22)
’20 (4) 10 (16) (3) (13)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (22) (15) — — —
’25 (12) (53) (15) (17) (98)
’24 (20) (10) (16) (15) (61)
’23 (23) (17) (13) (10) (64)
’22 (19) (11) (8) (11) (50)
’21 11 (3) (17) (12) (22)
’20 (4) 10 (16) (3) (13)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

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 — — 20 — 15 1 15 24 26 7 28 (13.8%) — — — —
Gross margin, % 0.00 0.00 100.00 0.00 100.00 100.00 91.23 88.47 88.36 89.36 88.72 +89.4 pt
EBT (17) (21) (10) (23) (3) (110) (61) (66) (64) (21) (80) +2.2%
EBT margin, % 0.00 0.00 (51.58) 0.00 (23.84) (9,829.29) (397.69) (270.04) (245.13) (288.26) 0.00 (288.3) pt
Net income (17) (21) (10) (23) (3) (110) (61) (66) (64) (21) (80) +2.2%
Per share, $
Per share, $ Revenue 0.00 0.00 8.91 0.00 5.74 0.13 0.68 0.90 0.96 0.12 0.00 n/m
Earnings (367.88) (14.80) (4.65) (8.55) (1.76) (12.41) (2.69) (2.44) (2.36) (0.33) (1.12) (54.1%)
Cash flow (276.24) (13.06) (2.57) (8.81) (5.00) (2.51) (2.21) (2.22) (2.20) (1.57) (0.84) (43.7%)
Capex (1.99) (0.01) (0.02) (0.09) (0.01) (0.01) (0.02) (0.15) (0.06) (0.01) 0.00 (45.2%)
Free cash flow (278.23) (13.07) (2.58) (8.90) (5.00) (2.52) (2.22) (2.36) (2.26) (1.58) (0.84) (43.7%)
Book value (1,515.27) 12.06 25.92 13.50 (4.89) 15.29 7.04 3.91 1.94 2.20 2.21 n/m
Shares, m 0 1 2 3 3 9 23 27 27 62 71 +117.5%
Valuation, ×
Valuation, × P/E — — 0.00 — 0.00 0.00 0.00 0.00 0.00 5.04 0.00 0.7
P/S — — 0.00 — 2.56 307.88 18.21 2.27 3.29 5.39 9.34 48.5
P/B — — 0.98 — 0.00 1.58 1.75 0.52 1.63 1.10 1.42 1.1
EV/Sales — — 0.00 — 2.33 96.61 6.94 (2.16) 1.51 0.19 2.54 15.1
EV/FCF — — 0.84 — (2.67) (3.00) (2.11) 0.83 (0.64) (0.05) (1.01) (1.0)
Cash, $m
Cash, $m Operating cash flow (16) (19) (6) (24) (13) (22) (50) (60) (60) (97) (69) +22.5%
Capex 0 0 0 0 0 0 0 (4) (2) (1) (1) +19.2%
Free cash flow (16) (19) (6) (24) (13) (22) (50) (64) (61) (98) (69) +22.5%
Balance, $m
Balance, $m Working capital (13) 17 59 36 (11) 136 161 98 44 134 181 n/m
Net debt (2) (20) (63) (38) (3) (149) (173) (109) (47) (146) (190) +64.4%
Shareholders’ equity (86) 17 59 37 (12) 136 158 105 52 136 183 n/m
Returns, %
Returns, % ROA (1,731.56) (190.77) (24.42) (44.73) (15.20) (125.31) (35.37) (41.54) (62.83) (18.63) (42.60) +1,712.9 pt
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (804.45) 0.00 0.00 0.0 pt
ROE 48.40 64.97 (27.32) (48.89) (37.05) (178.65) (41.06) (49.90) (80.79) (21.82) (44.98) (70.2) pt
People
People Employees — 25 27 11 12 39 79 89 40 23 — (1.0%)
Revenue/emp, $m — 0.00 0.75 0.00 1.22 0.03 0.19 0.27 0.65 0.31 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Mar 2025 · fundamentals updated 26 Oct 2026

Whitehawk Therapeutics, 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
TRDA Entrada Therapeutics, Inc. $191.5M — (loss-making) — (loss-making) −43.93% (below 0%: shrinking) n/m −7.05% (below 0%: shrinking) 100.00% (4,606.52%) Compare
CGEN Compugen Ltd. $185.7M 5.2× — (loss-making) +107.00% (above 0%: growing) n/m −155.42% (below 0%: shrinking) (3.54%) (339.62%) Compare
MDWD MediWound Ltd. $184.0M — (loss-making) — (loss-making) −45.83% (below 0%: shrinking) n/m −49.90% (below 0%: shrinking) 10.90% (305.89%) Compare
BCYC Bicycle Therapeutics PLC Sponsored ADR $182.5M — (loss-making) — (loss-making) +190.24% (above 0%: growing) n/m +43.48% (above 0%: growing) 100.00% (39.57%) Compare
ACOG Alpha Cognition Inc. $180.5M — (loss-making) — (loss-making) +267.56% (above 0%: growing) n/m −109.25% (below 0%: shrinking) 94.80% (127.29%) Compare
WHWK Whitehawk Therapeutics, Inc. $178.4M — (loss-making) — (loss-making) +33.48% (above 0%: growing) n/m +72.57% (above 0%: growing) 89.36% 0.00%
UPB Upstream Bio, Inc. $176.9M — (loss-making) — (loss-making) −17.50% (below 0%: shrinking) n/m +9.33% (above 0%: growing) 100.00% (5,480.98%) Compare
IVVD Invivyd, Inc. $166.0M — (loss-making) — (loss-making) +21.20% (above 0%: growing) n/m −226.89% (below 0%: shrinking) 91.09% (320.76%) Compare
BBOT BridgeBio Oncology Therapeutics, Inc $163.6M — (loss-making) — — n/m −88.78% (below 0%: shrinking) — 0.00% Compare
Median of peers $181.5M — — +21.20% — −69.34% 94.80% (313.32%)

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Pay and ownership Proxy statement filed 28 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.40m 4.49m 18.86

Ownership

Directors and executive officers, together 49.90%
Entities Affiliated with Avoro 19.90%
Behzad Aghazadeh, Ph.D. 19.90%
Entities Affiliated with Ally Bridge Group 9.90%
Entities Affiliated with Suvretta 9.90%
OrbiMed Advisors LLC 8.40%
Anupam Dalal, M.D. 7.20%
Entities Affiliated with Acuta Capital Partners 6.90%
Coastlands Capital LP 5.70%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. 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

Whitehawk Therapeutics, Inc. (WHWK) Latest News

stockrow.com/WHWK · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com