Skip to content
NASDAQ · PHARMACEUTICAL PREPARATIONS · SMALL CAP

Crescent Biopharma, Inc. CBIO

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$10.8M
$-153.9M
$-72.5M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

We are a clinical-stage biotechnology company focused on delivering the next wave of transformative therapies to bring a brighter future for people living with cancer. On June 16, 2025, in connection with the reverse recapitalization transaction with Pre-Merger Crescent, we changed our jurisdiction of incorporation from the state of Delaware to the Cayman Islands pursuant to a plan of conversion. We strive to protect the proprietary programs and technologies that we believe are important to our business, including seeking and maintaining patent protection intended to cover the composition of matter of our programs, their methods of use and manufacture, related technologies, diagnostics, and other inventions. As of December 31, 2025, we had 44 full-time employees. None of our employees are represented by a labor union or covered under a collective bargaining agreement.

Written from the business description in Crescent Biopharma, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 10.8M
Revenue, FY2025 · full 14-year series below
Revenue $M Net income $M
FY2025 · Revenue 10.8 · Net income -153.9
10M20M-100M-200M
201220152018202120242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−1420 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -1407.5% · Net -1419.6%
-100000%-200000%-300000%
201220182025
ROE
FY2023 · ROE -90.7%
10%20%-50%-100%
201220182025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: -133%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -72.5
-30M-60M
201220182025

Total assetsUSD 240.3M
EquityUSD 203.0M
CashUSD 213.2M
Current ratio6.56×

Equity funds 84% of total assets.

The 14-year record

14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
CBIO, 14-year financial record
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B0.0◌0.00.00.00.0◌◌◌0.00.00.00.00.0
Operating income $B−0.2−0.0−0.0−0.0−0.1−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.00.0
EBITDA $B−0.2−0.0−0.0−0.0−0.1−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.00.0
Income tax $B0.0◌◌◌◌◌◌◌◌◌◌◌◌◌
Net income $B−0.2−0.0−0.0−0.0−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.0−0.00.0
Free cash flow $B−0.1−0.0−0.0−0.0−0.1−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $◌−0.59−0.58−0.89−1.23−1.12−1.34−1.18−1.13−1.50−0.67−0.60−8.870.33
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————
ROE %——−90.7−75.0−60.5−36.1−32.2−29.7−42.9−84.0−28.0−41.4−137.429.2
Shares out B0.030.000.060.050.050.050.040.040.030.020.020.020.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 14 of the 14 fiscal years we could check. 12 checks were skipped: the balance sheet is not tagged before 2013. Five checks were skipped: EPS is not tagged before 2012.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2012

Share this section

Download image