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MARKETS / NASDAQ / VBIO
NASDAQ · PHARMACEUTICAL PREPARATIONS

Valion Bio, Inc. VBIO

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$-8.9M
$-7.0M
In brief

What this company does

In addition to securing worldwide exclusive license rights and options to Entolimod and its second-generation compound, Entolasta, in February 2025, Tivic established Velocity Bioworks™ in December 2025 as subsidiary contract development and manufacturing organization (CDMO) that is expected to support both Tivic and select third-party customers. The Company is now focused on (1) advancing Entolimod and its next generation compound Entolasta™ through regulatory approval for acute radiation syndrome and into government procurement and (2) expanding Entolimod’s designations into oncology-related conditions, including neutropenia, thrombocytopenia and general and specific mucositis. The Company has its headquarters in San Antonio, TX, maintains a purpose-built, Current Good Manufacturing Practice (CGMP)-compatible biomanufacturing facility in San Antonio, Texas through its subsidiary, Velocity Bioworks, and operates on a hybrid remote and on-site model. Entolimod is a recombinant protein engineered deletion variant of bacterial flagellin, specifically designed as a selective agonist of Toll-like Receptor 5 (TLR5), a key receptor in the body’s innate immune system.

Written from the business description in Valion Bio, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 30 March 2026. Every sentence was checked against that document before publication.

Growth
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2024 · Revenue 0.8 · Net income -5.7
0.8M1.6M-4.0M-8.0M20212022202320242025
Compound annual growth
−14.7%
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
Operating margin Net margin
FY2024 · Operating -573.8% · Net -725.0%
-200%-400%-600%20212022202320242025
ROE
FY2025 · ROE -91.8%
-100%-200%20212022202320242025

Each USD of equity lost 92 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -7.0
-4M-8M20212022202320242025

Total assetsUSD 31.6M
EquityUSD 16.8M
CashUSD 12.6M
Current ratio20.13×

Equity funds 53% of total assets.

The 5-year record
5 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 20252024202320222021
Revenue $B·0.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.0···
Net income $B−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0·
EPS, diluted $·−19.68−176.80−104.32−2.43
Dividend / sh $·····
Payout %·····
ROE %−91.8−185.0−228.7−119.5−64.0
Shares out B0.000.000.000.000.01

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 · 1 divergences in 24 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 71 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures1 divergent
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2021

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