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

TScan Therapeutics, Inc. TCRX

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$10.3M
▲ 266.7% YoY
$-129.8M
$-139.7M
In brief

What this company does

Our lead product candidate, TSC-101, is in development for the treatment of patients with acute myeloid leukemia (AML) and myelodysplastic syndrome (MDS) who are undergoing allogeneic hematopoietic cell transplantation (HCT). We are currently conducting a Phase 1 clinical study of TSC-101 (the ALLOHA™ trial, NCT05473910) and during the fourth quarter of 2025, following a productive End-of-Phase meeting with the U.S. Food and Drug Administration (FDA), we reached agreement on a registrational path forward for the TSC-101 program as a potential treatment for patients with AML and MDS. In addition, the Company is continuing to discover targets for Crohn's disease in partnership with Amgen.

Written from the business description in TScan Therapeutics, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 4 March 2026. Every sentence was checked against that document before publication.

Growth
USD 10.3M
Revenue, FY2025 · full 6-year series below
Revenue $M Net income $M
FY2025 · Revenue 10.3 · Net income -129.8
8M16M-50M-100M202020212022202320242025
Compound annual growth
−8.6%
+56.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +56.9% a year over five years.

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
−1257 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -1315.4% · Net -1256.8%
-2000%-4000%202020212022202320242025
ROE
FY2025 · ROE -71.3%
-50%202020212022202320242025

Each USD of equity lost 71 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -139.7
-50M-100M202020212022202320242025

Total assetsUSD 228.8M
EquityUSD 123.1M
CashUSD 152.4M
Gross debtUSD 32.5M
Net debtUSD -119.9M
Current ratio8.41×

The company holds more cash than debt.

The 6-year record
6 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 202520242023202220212020
Revenue $B0.00.00.00.00.00.0
Operating income $B−0.1−0.1−0.1−0.1−0.0−0.0
EBITDA $B−0.1−0.1−0.1−0.1−0.0−0.0
Income tax $B0.0·····
Net income $B−0.1−0.1−0.1−0.1−0.0−0.0
Free cash flow $B−0.1−0.1−0.1−0.1−0.1−0.0
EPS, diluted $−1.00−1.14−1.36−2.75−4.17−28.52
Dividend / sh $······
Payout %······
ROE %−71.3−65.1−71.3−50.9−82.2·
Shares out B······

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 24 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 52 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 since2019

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