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MARKETS / NASDAQ / INBX
NASDAQ · BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)

Inhibrx Biosciences, Inc. INBX

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.3M
▲ 550.0% YoY
$-140.1M
▼ 108.3% YoY
$-129.8M
In brief

What this company does

On May 29, 2024, Inhibrx, Inc., or the Former Parent, effected the spin-off of INBRX-101, an optimized, recombinant alpha-1 antitrypsin, or AAT, augmentation therapy in a registrational trial for the treatment of patients with alpha-1 antitrypsin deficiency, upon which the Former Parent completed a distribution to holders of its shares of common stock of 92% of the issued and outstanding shares of our common stock, or the Distribution. From and after the closing, Inhibrx continues to operate as a stand-alone, publicly traded company focused on ozekibart and INBRX-106, both of which are clinical-stage programs. Our in-house capabilities span the disciplines of discovery, protein engineering, cell biology, translational research, chemistry, manufacturing and controls, or CMC, clinical development, and commercialization.

Written from the business description in Inhibrx Biosciences, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 March 2026. Every sentence was checked against that document before publication.

Growth
USD 1.3M
Revenue, FY2025 · full 3-year series below
Revenue $B Net income $B
FY2025 · Revenue 0.0 · Net income -0.1
0.8B1.6B-0.1B-0.2B202320242025
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
−10773 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -10386.5% · Net -10773.5%
500000%-50000%-100000%-150000%202320242025
ROE
FY2025 · ROE -197.8%
500%1000%1500%-200%-400%202320242025

Each USD of equity lost 198 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -129.8
-80M-160M202320242025

Total assetsUSD 146.5M
EquityUSD 8.0M
CashUSD 124.2M
Gross debtUSD 100.6M
Net debtUSD -23.7M
Current ratio3.93×

The company holds more cash than debt.

The 3-year record
3 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
Metric 202520242023
Revenue $B0.00.00.0
Operating income $B−0.1−0.3−0.2
EBITDA $B−0.1−0.3−0.2
Income tax $B0.00.00.0
Net income $B−0.11.7−0.2
Free cash flow $B−0.1−0.2−0.2
EPS, diluted $−9.04112.62−20.48
Dividend / sh $···
Payout %···
ROE %−197.81905.9−554.8
Shares out B0.010.010.05

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

Provenance
Company facts, as filed
How we verify · 0 failures in 12 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 64 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityBiological Products, (No Diagnostic Substances)
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2023

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