Skip to content
MARKETS / NASDAQ / ZYME
NASDAQ · PHARMACEUTICAL PREPARATIONS · SMALL CAP

Zymeworks Inc. ZYME

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$106.0M
▲ 38.9% YoY
$-81.1M
$-34.5M
In brief

What this company does

Zymeworks manages a portfolio of licensed healthcare assets and develops a pipeline of multifunctional biotherapeutics for difficult-to-treat conditions, including cancer, inflammation, and autoimmune disease. Ziihera (zanidatamab-hrii), a bispecific antibody targeting HER2-expressing tumors developed using the company's Azymetric platform, has received regulatory approval for the treatment of HER2-positive biliary tract cancer in the United States, China, Europe and Canada. The company has entered into collaboration and license agreements with BeOne Medicines Ltd. and Jazz Pharmaceuticals Ireland Limited, granting each partner exclusive rights to develop and commercialize zanidatamab in different territories. Pasritamig, a bispecific T cell engager targeting human kallikrein 2, was engineered using Zymeworks' Azymetric platform. As of December 31, 2025, the company had 264 full-time employees, 184 of whom were based in Canada, 66 in the United States, and 14 in Singapore, Ireland and the United Kingdom. Effective October 13, 2022, the company became a Delaware corporation, and Zymeworks Inc. was incorporated under the laws of the State of Delaware in June 2022, with principal executive offices located at 108 Patriot Drive, Suite A, Middletown, Delaware. Its predecessor, now named Zymeworks BC Inc., was originally incorporated on September 8, 2003 under the Canada Business Corporations Act under the name "Zymeworks Inc."

Written from the business description in Zymeworks Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.

Growth
USD 106.0M
Revenue, FY2025 · full 6-year series below
Revenue $M Net income $M
FY2025 · Revenue 106.0 · Net income -81.1
200M400M-80M-160M202020212022202320242025
Compound annual growth
−36.4%
+22.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +22.2% 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
−77 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -87.3% · Net -76.6%
-500%202020212022202320242025
ROE
FY2025 · ROE -26.7%
10%20%30%-20%-40%-60%202020212022202320242025

Each USD of equity lost 27 cents this year.

Cash & shareholders
USD 41.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -34.5
50M100M-80M-160M202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 41.7
20M40M-40M-80M2022202320242025

USD 41.7M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 346.5M
EquityUSD 268.5M
CashUSD 41.2M
Current ratio5.88×

Equity funds 77% of total assets.

The 6-year record
6 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020
Revenue $B0.10.10.10.40.00.0
Operating income $B−0.1−0.1−0.10.1−0.2−0.2
EBITDA $B−0.1−0.1−0.10.1−0.2−0.2
Income tax $B0.00.0−0.00.0−0.00.0
Net income $B−0.1−0.1−0.10.1−0.2−0.2
Free cash flow $B−0.0−0.1−0.10.1−0.2−0.2
EPS, diluted $−1.08−1.62−1.721.90−4.61−3.58
Dividend / sh $······
Payout %······
ROE %−26.7−30.5−24.833.5−64.3−44.0
Shares out B0.070.070.070.060.05·

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 22 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 54 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2020

Share this section

Download image