MARKETS / NASDAQ / HCWB
NASDAQ · PHARMACEUTICAL PREPARATIONS

HCW Biologics Inc. HCWB

6 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$54,232
▼ 97.9% vs FY2024
EPS · FY25
$-10.63
Dividend / sh · FY25
Payout · FY25
ROE · FY25
Net margin · FY25
-14677.1%
Dividend coverage
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Result
USD 54,232.00
Revenue, FY2025 · full 6-year series below
Revenue Net income
0.0020.0040.0060.0080.0-0.0202020232025
0.0020.0040.0060.0080.0-0.0202020232025

The company lost 14677 cents on every revenue dollar this year.

Per share
USD -10.63
Diluted EPS, FY2025
EPS
0.40.81.2-10.63202020232025
0.40.81.2-10.63202020232025

The company pays no cash dividend.

Profitability
Return on equity, FY2025
ROE
0.250.50.751202020232025
0.250.50.751202020232025
Operating margin-24270.7%
Net margin-14677.1%
Return on assets-29.1%

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
−57.9% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−79.9%
−57.9%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 24.5M
total assets, end of FY2025
Total assetsUSD 24.5M
EquityUSD 2.8M
CashUSD 2.0M
Gross debtUSD 6.8M
Net debtUSD 4.9M
Current ratio0.11×

Net debt stands at 176% of equity.

History
6 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
Revenue $B
0.0
0.0
0.0
0.0
0.0
0.0
Operating income $B
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EBITDA $B
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
Income tax $B
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EPS, diluted $
−10.63
−30.96
−0.70
−0.42
−0.69
−1.49
Dividend / sh $
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
ROE %
·
−897.4
−98.2
−33.6
−74.6
·
Shares out B
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
23 of 23
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed