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NASDAQ · PHARMACEUTICAL PREPARATIONS

Valion Bio, Inc. VBIO

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

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

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
1M2M-5M-10M
202120242025
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%
202120232025
ROE
FY2025 · ROE -91.8%
-100%-200%
202120232025
Three returns, three denominators.

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-8M
202120232025

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—not applicable◌not available in our data
VBIO, 5-year financial record
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 % — not applicable: no dividend—————
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. "—" 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 · 1 divergence in 24 reconciliationsAUDITED

Reconciled in 4 of the 5 fiscal years we could check. 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. 28 checks were skipped: the balance sheet is not tagged before 2021. 14 checks were skipped: EPS is not tagged before 2021. 14 checks were skipped: revenue is not tagged before 2021.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures1 divergent
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2021

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