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NovaBridge Biosciences (NBP) 10-Year Financial Performance & Capital Metrics

NBP • • Industrial / General
HealthcareBiotechnologyOncology TherapeuticsImmuno-Oncology
AboutNovaBridge Biosciences, a biotech company, focuses on the development of immuno-oncology agents for the treatment of cancer in the United States. The company is developing givastomig, a bispecific antibody, which is in Phase 1b clinical trial for the treatment of gastric cancer; uliledlimab, a CD73 neutralizing antibody; and ragistomig, a bispecific antibody, which is in phase 1 clinical trial for the treatment of solid tumors. It has a strategic licensing agreement with Ferring International Center SA to research, develop, make, have made, import, use, sell, and offer to sell FE301, an interleukin-6 inhibitor. The company also has collaborations with Bristol Myers Squibb for the development of givastomig; ABL Bio, Inc. for the development of givastomig and ragistomig; and TJ Bio for the development of uliledlimab. The company was formerly known as I-Mab and change its name to NovaBridge Biosciences in October 2025. NovaBridge Biosciences was founded in 2014 and is headquartered in Rockville, Maryland.Show more
  • Revenue $0 -100.0%
  • EBITDA -$373M +26.5%
  • Net Income -$162M +88.9%
  • EPS (Diluted) -4.46 +74.7%
  • Gross Margin -
  • EBITDA Margin -
  • Operating Margin -
  • Net Margin -
  • ROE -16.91% +72.7%
  • ROIC -
  • Debt/Equity 0.02 -75.2%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 91 (top 9%)
  • ✓Share count reduced 2.5% through buybacks
  • ✓Trading at only 1.5x book value

✗Weaknesses

  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-100%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM92.35%

EPS CAGR

10Y-
5Y-
3Y-
TTM89.41%

ROCE

10Y Avg-31.1%
5Y Avg-18.42%
3Y Avg-19.37%
Latest-31.21%

Peer Comparison

Immuno-Oncology
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
IMTXImmatics N.V.1.33B9.9270.86188.6%-136.72%-27.81%0.03
CTMXCytomX Therapeutics, Inc.720.1M4.2511.1836.45%24.66%26.09%
IOVAIovance Biotherapeutics, Inc.881.27M2.22-1.73136.99%-158.78%-56.62%0.08
REPLReplimune Group, Inc.572.64M7.30-2.38-117.82%0.18
NKTRNektar Therapeutics719.28M35.36-4.079.22%-192.87%-141.9%1.69
IMNMImmunome, Inc.2.52B22.85-4.57-35.5%-23.01%-84.4%0.03
IBRXImmunityBio, Inc.3.89B3.95-6.3722.71%-422.28%
NRIXNurix Therapeutics, Inc.1.91B18.86-6.55-29.15%-292.5%-65.76%0.05

Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+11.56M53.78M30M1.54B88.03M-10.7M4.49M0
Revenue Growth %-3.65%-0.44%50.42%-0.94%-1.12%1.42%-1%
Cost of Goods Sold+000046.43M27.24M00
COGS % of Revenue----0.53%-2.55%--
Gross Profit+11.56M53.78M30M1.54B41.59M-248.8M4.49M0
Gross Margin %1%1%1%1%0.47%23.26%1%-
Gross Profit Growth %-3.65%-0.44%50.42%-0.97%-6.98%1.02%-1%
Operating Expenses+310.58M461.42M1.51B1.39B2.11B355.38M515.65M375.36M
OpEx % of Revenue26.88%8.58%50.32%0.9%24%-33.22%114.95%-
Selling, General & Admin25.44M66.39M654.55M402.41M899.94M199.88M63.91M216.46M
SG&A % of Revenue2.2%1.23%21.82%0.26%10.22%-18.68%14.25%-
Research & Development267.07M426.03M840.41M984.69M190.29M155.51M114.36M158.9M
R&D % of Revenue23.11%7.92%28.01%0.64%2.16%-14.54%25.49%-
Other Operating Expenses0014.56M01.02B-247337.38M0
Operating Income+-280.95M-438.64M-1.46B155.57M-2.07B-366.08M-511.16M-375.36M
Operating Margin %-24.31%-8.16%-48.83%0.1%-23.53%34.22%-113.95%-
Operating Income Growth %--0.56%-2.34%1.11%-14.31%0.82%-0.4%0.27%
EBITDA+-279.32M-431.9M-1.46B168.31M-2.06B-364.66M-507.79M-373.45M
EBITDA Margin %-24.17%-8.03%-48.5%0.11%-23.37%34.09%-113.2%-
EBITDA Growth %--0.55%-2.37%1.12%-13.22%0.82%-0.39%0.26%
D&A (Non-Cash Add-back)1.63M6.74M9.83M12.74M13.78M1.42M3.37M1.91M
EBIT-44.82M-56.61M-207.09M155.57M-2.07B-52.65M-347.62M-375.36M
Net Interest Income+-732.92K-1.03M3.94M3.56M21.33M4.95M7.2M54.64M
Interest Income131.42K668.26K4.37M3.71M21.33M4.95M7.3M54.64M
Interest Expense864.34K1.7M427.48K146.48K00101.85K0
Other Income/Expense-17.29M37.53M13.02M327.58M-260.73M-607.09M-954.53M12.63M
Pretax Income+-298.24M-401.11M-1.45B483.15M-2.33B-973.17M-1.47B-362.73M
Pretax Margin %-25.81%-7.46%-48.4%0.31%-26.49%90.97%-326.74%-
Income Tax+01.72M012.23M-494.81K697K-1.26B0
Effective Tax Rate %1%1%1.02%0.97%1%2.58%1%0.45%
Net Income+-298.24M-402.83M-1.49B470.92M-2.33B-2.51B-1.47B-162.26M
Net Margin %-25.81%-7.49%-49.5%0.31%-26.49%234.39%-326.74%-
Net Income Growth %--0.35%-2.69%1.32%-5.95%-0.08%0.42%0.89%
Net Income (Continuing)-45.68M-58.56M-207.52M470.92M-2.33B-2.51B-206.77M-362.73M
Discontinued Operations0000000200.47M
Minority Interest305.71M0000000
EPS (Diluted)+-5.13-6.92-25.536.90-30.68-30.38-17.62-4.46
EPS Growth %--0.35%-2.69%1.27%-5.45%0.01%0.42%0.75%
EPS (Basic)-5.13-6.92-25.538.07-30.70-30.38-17.62-4.46
Diluted Shares Outstanding58.17M58.17M58.17M68.36M75.96M82.52M83.23M81.19M
Basic Shares Outstanding58.17M58.17M58.17M68.25M75.93M82.52M83.19M81.19M
Dividend Payout Ratio--------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+691.59M2.04B1.36B5.34B4.78B3.63B2.34B176.69M
Cash & Short-Term Investments574.17M1.84B1.17B733.21M670.96M3.45B2.29B173.4M
Cash Only307.93M1.59B1.14B4.76B3.52B3.21B2.14B68.26M
Short-Term Investments266.25M255.96M32M31.53M753.16M235.43M20.22M105.14M
Accounts Receivable628.15K9.36M7.99M71.31M60.95M4.81M1.83M1.17M
Days Sales Outstanding19.8463.5597.1516.87252.74-164.17149.15-
Inventory0-215.57M-55.87M04.27M-80.28M28.95M0
Days Inventory Outstanding----33.59---
Other Current Assets114.86M218.85M238.85M4.53B4.03B242.96M15.68M0
Total Non-Current Assets+333.75M339.08M376.25M990.13M847.71M447.19M276.3M35.99M
Property, Plant & Equipment22.34M27.66M46.5M40.27M158.5M123.97M5.55M3.8M
Fixed Asset Turnover0.52x1.94x0.65x38.31x0.56x-0.09x0.81x-
Goodwill162.57M162.57M162.57M162.57M162.57M162.57M00
Intangible Assets148.84M148.84M148.84M120.44M119.67M118.89M16.66M0
Long-Term Investments000664.83M380.34M30.85M1.69M30.82M
Other Non-Current Assets0018.33M2.01M26.63M10.91M252.39M1.36M
Total Assets+1.03B2.38B1.74B6.33B5.63B4.07B2.61B212.68M
Asset Turnover0.01x0.02x0.02x0.24x0.02x-0.00x0.00x-
Asset Growth %-1.32%-0.27%2.65%-0.11%-0.28%-0.36%-0.92%
Total Current Liabilities+195.14M346.16M588.48M576.13M624M659.74M411.81M8.45M
Accounts Payable00000000
Days Payables Outstanding--------
Short-Term Debt99M80M50M-34.8M02.75M29.97M0
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K106K
Other Current Liabilities67.33M195.74M281.28M507.51M-3.45M549.85M-1.12M0
Current Ratio3.54x5.88x2.31x9.28x7.66x5.50x5.67x20.90x
Quick Ratio3.54x6.51x2.41x9.28x7.66x5.62x5.60x20.90x
Cash Conversion Cycle--------
Total Non-Current Liabilities+1.13B2.98B3.18B130.52M417.63M405.6M483M3.07M
Long-Term Debt114.01M67.03M68.2M5.54M112.45M058.91M0
Capital Lease Obligations007.49M5.54M81.79M32.07M23.1M3.07M
Deferred Tax Liabilities000-8.97M0000
Other Non-Current Liabilities1.02B2.92B3.11B119.44M-610K373.53M400.99M520
Total Liabilities1.33B3.33B3.77B706.65M1.04B1.07B894.81M11.52M
Total Debt+213.01M147.03M132.5M13.6M112.45M38.29M133.87M3.88M
Net Debt-94.92M-1.44B-1B-4.75B-3.41B-3.18B-2.01B-64.38M
Debt / Equity36.02x--0.00x0.02x0.01x0.08x0.02x
Debt / EBITDA---0.08x----
Net Debt / EBITDA----28.19x----
Interest Coverage-325.05x-258.01x-3426.98x1062.06x---5018.58x-
Total Equity+5.91M-955.1M-2.03B5.63B4.59B3.01B1.72B201.16M
Equity Growth %--162.53%-1.13%3.77%-0.18%-0.34%-0.43%-0.88%
Book Value per Share0.10-16.42-34.9882.3160.4036.4620.642.48
Total Shareholders' Equity-299.8M-955.1M-2.03B5.63B4.59B3.01B1.72B201.16M
Common Stock6K6K6K114K126K132K18.76K19K
Retained Earnings-357.86M-1.01B-2.49B-2.02B-4.35B-6.77B-8.33B-1.29B
Treasury Stock-1K-1K000-21.25M-56.8M-6.22M
Accumulated OCI5.69M59.38M70.13M-50.79M-186.51M216.72M39.77M33.38M
Minority Interest305.71M0000000

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-252.16M-280.7M-867.98M433.56M-973.09M-1.1B-72.85M-52.65M
Operating CF Margin %-21.82%-5.22%-28.93%0.28%-11.05%103.09%-16.24%-
Operating CF Growth %--0.11%-2.09%1.5%-3.24%-0.13%0.93%0.28%
Net Income-298.24M-402.83M-1.45B470.92M-2.33B-2.51B-208.18M-49.7M
Depreciation & Amortization1.63M6.74M15.63M23.14M34.14M63.82M1.06M978K
Stock-Based Compensation7.04M3.52M366.89M493.46M608.61M357.15M10.26M-1.95M
Deferred Taxes8.53M-75.03M-6.39M00000
Other Non-Cash Items3.83M38.97M23.04M-313.31M321.18M431.48M161.2M809K
Working Capital Changes25.04M147.93M184.79M-240.64M394.52M552.06M-37.2M-2.81M
Change in Receivables0-11M11M-130.5M97.42M33.08M00
Change in Inventory0000-27.24M27.24M00
Change in Payables0000107.85M000
Cash from Investing+-157.66M9.5M212.46M-201.9M-727.21M458.38M-107.63M-135.97M
Capital Expenditures-20.33M-14.41M-12.24M-8.01M-29.93M-45.83M-164.35K-48K
CapEx % of Revenue1.76%0.27%0.41%0.01%0.34%-4.28%0.04%-
Acquisitions--------
Investments--------
Other Investing-230.67M23.91M224.7M52M026K-107.47M62K
Cash from Financing+758.59M1.48B152.71M3.44B593.92M42.36M-8.25M-334.89K
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00-5.28M00000
Share Repurchases--------
Other Financing594.2M1.23B131.76M2.91B593.92M60.86M407.88K0
Net Change in Cash--------
Free Cash Flow+-272.48M-295.11M-880.22M425.55M-1B-1.15B-73.02M-52.72M
FCF Margin %-23.58%-5.49%-29.34%0.28%-11.39%107.38%-16.28%-
FCF Growth %--0.08%-1.98%1.48%-3.36%-0.15%0.94%0.28%
FCF per Share-4.68-5.07-15.136.22-13.20-13.92-0.88-0.65
FCF Conversion (FCF/Net Income)0.85x0.70x0.58x0.92x0.42x0.44x0.05x0.32x
Interest Paid00000710.39K00
Taxes Paid00001.42M103K00

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)-5043.8%--26.22%-45.65%-66.02%-62.02%-16.91%
Return on Invested Capital (ROIC)---13.23%-150.93%-54.41%--
Gross Margin100%100%100%100%47.25%2325.83%100%-
Net Margin-2580.82%-749.02%-4950%30.53%-2648.7%23438.9%-32674.02%-
Debt / Equity36.02x--0.00x0.02x0.01x0.08x0.02x
Interest Coverage-325.05x-258.01x-3426.98x1062.06x---5018.58x-
FCF Conversion0.85x0.70x0.58x0.92x0.42x0.44x0.05x0.32x
Revenue Growth-365.39%-44.22%5042.23%-94.29%-112.15%141.93%-100%

Revenue by Segment

2020202120222023
Licensing and Collaboration-40.12M-249.66M16.81M
Licensing and Collaboration Growth---722.37%106.73%
Supply Of Investigational Products-47.91M28.1M10.83M
Supply Of Investigational Products Growth---41.35%-61.46%
Grant10M---
Grant Growth----

Frequently Asked Questions

Growth & Financials

NovaBridge Biosciences (NBP) saw revenue decline by 100.0% over the past year.

NovaBridge Biosciences (NBP) reported a net loss of $24.5M for fiscal year 2024.

Dividend & Returns

NovaBridge Biosciences (NBP) has a return on equity (ROE) of -16.9%. Negative ROE indicates the company is unprofitable.

NovaBridge Biosciences (NBP) generated $1.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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