The Tip Desk

CRESCENT BIOPHARMA, INC.

Company Stats

Market Cap
$541.9M
as of Sep 30, 2026
Shares Outstanding
37.1M
Free Float
19.8%

Income Statement

Revenue
$10.8M
Operating Income
-$152.6M
Net Income
-$153.9M
EBITDA
-$152.5M

Cash Flow

Free Cash Flow
-$72.5M
FCF Yield
-13.4%
Owner FCF Yield
-15.8%

Balance Sheet

Cash & Equivalents
$213.2M

Returns & Capital

Share Repurchases
$177,000

Cash Flow by Year

YearRevenueFCFMargin
FY2025$10.8M-$72.5M-668.1%
FY2024—-$31.1M—
FY2023$10,000-$34.9M-349013.0%
FY2022$75,000-$46.5M-62055.6%

Annual filing data through FY ended December 31, 2025; shares and float as of October 28, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage