The Tip Desk

MBX Biosciences, Inc.

Company Stats

Market Cap
$2.8B
as of Sep 30, 2026
Shares Outstanding
48.2M
Free Float
61.1%

Income Statement

Operating Income
-$98.1M
Net Income
-$87.0M
EBITDA
-$97.8M

Cash Flow

Free Cash Flow
-$81.9M
FCF Yield
-2.9%
Owner FCF Yield
-3.2%

Balance Sheet

Cash & Equivalents
$75.3M

Returns & Capital

Share Repurchases
$19,000
SBC, 3Y Avg
$5.3M

Cash Flow by Year

YearRevenueFCFMargin
FY2025—-$81.9M—
FY2024—-$55.6M—
FY2023—-$32.1M—

Annual filing data through FY ended December 31, 2025; shares and float as of November 4, 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