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SANASana Biotechnology, Inc.
$3.15$877M
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SANA logoSana Biotechnology, Inc.(SANA)Earnings, Financials & Key Ratios

SANA•NASDAQ
Price updated Jun 19, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryCell and Gene Therapy Developers
AboutSana Biotechnology, Inc., a biotechnology company, focuses on utilizing engineered cells as medicines. The company develops ex vivo and in vivo cell engineering platforms for various therapeutic areas with unmet treatment needs, including oncology, diabetes, central nervous system disorders, cardiovascular diseases, genetic disorders, and others. Its product candidates include SG295 and SG242 that target CD19+ cancer cells, including non-Hodgkin Lymphoma, chronic lymphocytic leukemia, and acute lymphoblastic leukemia; SG221 and SG239 for the treatment of multiple myeloma; and SG328 for ornithine transcarbamylase deficiency. It also develops SG418 for sickle cell disease and beta-thalassemia; SC291, a CD19 allogeneic T cell therapy; SC255 for multiple myeloma; SC451 for type I diabetes mellitus; and SC379 for secondary progressive multiple sclerosis, Pelizaeus-Merzbacher disease, and Huntington's disease. Sana Biotechnology, Inc. was formerly known as FD Therapeutics, Inc. and changed its name to Sana Biotechnology, Inc. in September 2018. The company was incorporated in 2018 and is headquartered in Seattle, Washington.Show more
  • Revenue$0
  • EBITDA-$178M+30.2%
  • Net Income-$244M+8.5%
  • EPS (Diluted)-0.96+17.2%
  • ROE-118.7%-19.7%

SANA Key Insights

Sana Biotechnology, Inc. (SANA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

  • ✗Weak Piotroski F-Score: 1/9
  • ✗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.

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SANA Price & Volume

Sana Biotechnology, Inc. (SANA) stock price & volume — 10-year historical chart

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SANA Growth Metrics

Sana Biotechnology, Inc. (SANA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-15.96%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-4.55%

Return on Capital

10 Years-43.34%
5 Years-45.22%
3 Years-51.17%
Last Year-48.12%

SANA Recent Earnings

Sana Biotechnology, Inc. (SANA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)
Q2 2026Latest
May 11, 2026
Metric
Actual
Est
EPS
$0.14+6.7%
$0.15
Rev
—
—
Q2 2026
Mar 3, 2026
Metric
Actual
Est
EPS
$0.16-23.1%
$0.13
Rev
—
—
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.15+16.7%
$0.18
Rev
—
—
Q3 2025
Aug 11, 2025
Metric
Actual
Est
EPS
$0.16+20.0%
$0.20
Rev
—
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 11, 2026
$0.14vs $0.15+6.7%
—
Q2 2026Mar 3, 2026
$0.16vs $0.13-23.1%
—
Q4 2025Nov 6, 2025
$0.15vs $0.18+16.7%
—
Q3 2025Aug 11, 2025
$0.16vs $0.20+20.0%
—
Based on last 12 quarters of dataView full earnings history →

SANA Peer Comparison

Sana Biotechnology, Inc. (SANA) competitors in Cell and Gene Therapy Developers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
FATE logoFATEFate Therapeutics, Inc.Direct Competitor243.61M2.09-1.82-51.24%-20.57%-58.89%0.38
CRSP logoCRSPCRISPR Therapeutics AGDirect Competitor5.22B54.09-8.36-89.97%-138.57%-30.88%0.21
BEAM logoBEAMBeam Therapeutics Inc.Direct Competitor3.51B34.14-42.15120.01%-49.17%-5.89%0.24
EDIT logoEDITEditas Medicine, Inc.Direct Competitor263.37M2.69-1.4925.39%-281.59%-6.77%2.81
NTLA logoNTLAIntellia Therapeutics, Inc.Direct Competitor1.76B15.67-4.1116.92%-5.97%-57.27%0.14
ALNY logoALNYAlnylam Pharmaceuticals, Inc.Product Competitor37.1B278.09119.3565.19%13.46%98.29%1.62
IONS logoIONSIonis Pharmaceuticals, Inc.Product Competitor12.25B74.12-31.1433.87%-30.87%-58.57%5.35
RCKT logoRCKTRocket Pharmaceuticals, Inc.Product Competitor365.8M3.35-1.67-70.79%0.09

Compare SANA vs Peers

Sana Biotechnology, Inc. (SANA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FATE

Most directly comparable listed peer for SANA.

Scale Benchmark

vs ALNY

Larger-name benchmark to compare SANA against a more recognizable public peer.

Peer Set

Compare Top 5

vs FATE, CRSP, BEAM, EDIT

SANA Income Statement

Sana Biotechnology, Inc. (SANA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue
000000000
Revenue Growth %
---------
Cost of Goods Sold
1K3.92M10.17M000012.75M2.39M
COGS % of Revenue
---------
Gross Profit
-1K▲ 0%
-3.92M▼ 392000.0%
-10.17M▼ 159.4%
0▲ 100.0%
0▲ 0%
0▲ 0%
0▲ 0%
-12.75M▲ 0%
-2.39M▲ 0%
Gross Margin %
---------
Gross Profit Growth %
--392000%-159.4%100%-----
Operating Expenses
8.22M141.15M150.95M356.91M272.56M293.14M272.72M178.21M235.17M
OpEx % of Revenue
---------
Selling, General & Admin
4.21M21.78M28.27M50.41M71.56M73.3M64.04M44.3M44.27M
SG&A % of Revenue
---------
Research & Development
4.01M119.38M122.68M306.5M201M219.84M208.68M131.98M146.28M
R&D % of Revenue
---------
Other Operating Expenses
00000001.93M1000K
Operating Income
-8.22M▲ 0%
-141.15M▼ 1617.0%
-161.12M▼ 14.1%
-356.91M▼ 121.5%
-272.56M▲ 23.6%
-293.14M▼ 7.5%
-272.72M▲ 7.0%
-190.96M▲ 30.0%
-237.56M▲ 0%
Operating Margin %
---------
Operating Income Growth %
--1616.97%-14.15%-121.51%23.63%-7.55%6.97%29.98%-
EBITDA
-8.22M-137.23M-150.95M-345.84M-256.94M-268.58M-255.33M-178.21M-226.07M
EBITDA Margin %
---------
EBITDA Growth %
--1569.48%-10%-129.11%25.71%-4.53%4.93%30.21%-15.73%
D&A (Non-Cash Add-back)
1K3.92M10.17M11.07M15.63M24.56M17.39M12.75M11.49M
EBIT
-13.25M-142.82M-297.2M-356.91M-272.56M-293.14M-272.72M-190.96M-191.58M
Net Interest Income
02.86M747K676K3.76M9.94M10.47M3.85M962K
Interest Income
02.86M747K676K3.76M9.94M10.47M3.85M962K
Interest Expense
000000000
Other Income/Expense
-5.03M2.83M-136.08M981K3.09M9.89M5.96M-53.21M-4.43M
Pretax Income
-13.25M▲ 0%
-138.32M▼ 944.2%
-297.2M▼ 114.9%
-355.93M▼ 19.8%
-269.48M▲ 24.3%
-283.25M▼ 5.1%
-266.76M▲ 5.8%
-244.17M▲ 8.5%
-241.99M▲ 0%
Pretax Margin %
---------
Income Tax
0-7.55M-11.9M000000
Effective Tax Rate %
0%5.46%4%0%0%0%0%0%0%
Net Income
-13.25M▲ 0%
-130.78M▼ 887.2%
-285.31M▼ 118.2%
-355.93M▼ 24.8%
-269.48M▲ 24.3%
-283.25M▼ 5.1%
-266.76M▲ 5.8%
-244.17M▲ 8.5%
-241.99M▲ 0%
Net Margin %
---------
Net Income Growth %
--887.23%-118.16%-24.75%24.29%-5.11%5.82%8.47%-15.96%
Net Income (Continuing)
-13.25M-130.78M-285.31M-355.93M-269.48M-283.25M-266.76M-244.17M-241.99M
Discontinued Operations
000000000
Minority Interest
000000000
EPS (Diluted)
-0.07▲ 0%
-0.70▼ 890.1%
-1.63▼ 132.9%
-2.14▼ 31.3%
-1.43▲ 33.2%
-1.46▼ 2.1%
-1.16▲ 20.5%
-0.96▲ 17.2%
-0.87▲ 0%
EPS Growth %
--890.1%-132.86%-31.29%33.18%-2.1%20.55%17.24%-4.55%
EPS (Basic)
-0.07-0.70-1.63-2.14-1.43-1.46-1.16-0.96-
Diluted Shares Outstanding
187.34M187.34M187.51M166.43M188.34M194.54M230.89M253.23M276.86M
Basic Shares Outstanding
187.34M187.34M187.51M166.43M188.34M194.54M230.89M253.23M276.86M
Dividend Payout Ratio
---------

SANA Balance Sheet

Sana Biotechnology, Inc. (SANA) balance sheet — assets, liabilities & shareholders' equity

MetricDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets
32.6M144.26M384.47M558.1M444.44M213.51M160.81M148.68M111.69M
Cash & Short-Term Investments
30.63M138.98M378.26M551M423.96M205.19M152.5M138.38M101.14M
Cash Only
30.63M80.03M124.81M253.03M176.76M133.52M127.57M71.87M83.8M
Short-Term Investments
058.95M253.46M297.97M247.2M71.68M24.93M66.51M17.34M
Accounts Receivable
000000000
Days Sales Outstanding
---------
Inventory
000000000
Days Inventory Outstanding
---------
Other Current Assets
000020.47M8.32M8.31M10.29M10.55M
Total Non-Current Assets
1.74M270.93M345.83M571.31M378.28M351.78M340.21M268.21M261.9M
Property, Plant & Equipment
585K68.81M109.94M161.78M159.4M145.59M135.27M65.22M61.52M
Fixed Asset Turnover
--------0.00x
Goodwill
0140.63M140.63M140.63M140.63M140.63M140.63M140.63M140.63M
Intangible Assets
059.2M59.2M59.2M59.2M59.2M59.2M59.2M59.2M
Long-Term Investments
816K033.73M195.88M10.05M0000
Other Non-Current Assets
336K2.3M2.33M13.82M9.01M6.37M5.12M3.17M563K
Total Assets
34.33M▲ 0%
415.19M▲ 1109.3%
730.3M▲ 75.9%
1.13B▲ 54.7%
822.72M▼ 27.2%
565.3M▼ 31.3%
501.02M▼ 11.4%
416.89M▼ 16.8%
373.59M▲ 0%
Asset Turnover
--------0.00x
Asset Growth %
-1109.31%75.89%54.65%-27.15%-31.29%-11.37%-16.79%-96.63%
Total Current Liabilities
1.78M19.32M31.45M99.23M111.5M64.49M45.43M78.73M86.27M
Accounts Payable
289K02.25M2.22M2.86M4.11M5.21M1.67M2.12M
Days Payables Outstanding
105.48K-80.85----47.78302.26
Short-Term Debt
000000014.94M14.88M
Deferred Revenue (Current)
000000000
Other Current Liabilities
685K8.09M14.02M74.63M76.59M23.46M300K62.12M69.26M
Current Ratio
18.26x7.47x12.22x5.62x3.99x3.31x3.54x1.89x1.29x
Quick Ratio
18.26x7.47x12.22x5.62x3.99x3.31x3.54x1.89x1.29x
Cash Conversion Cycle
---------
Total Non-Current Liabilities
45.74M538.41M1.12B301.67M211.9M213.31M205.08M177.28M168.09M
Long-Term Debt
0000000060.45M
Capital Lease Obligations
046.36M68.2M101.78M95.86M90.9M81.66M63.92M210.55M
Deferred Tax Liabilities
000000000
Other Non-Current Liabilities
45.74M492.05M1.05B199.89M116.04M122.41M123.42M113.36M107.64M
Total Liabilities
47.52M557.73M1.15B400.9M323.4M277.79M250.52M256.01M254.35M
Total Debt
047.7M71.91M110.94M108.25M104.1M94.2M78.86M75.33M
Net Debt
-30.63M-32.33M-52.9M-142.09M-68.51M-29.42M-33.37M6.99M-8.47M
Debt / Equity
---0.15x0.22x0.36x0.38x0.49x0.63x
Debt / EBITDA
---------0.33x
Net Debt / EBITDA
--------0.04x
Interest Coverage
---------
Total Equity
-13.19M▲ 0%
-142.54M▼ 980.8%
-421.18M▼ 195.5%
728.5M▲ 273.0%
499.31M▼ 31.5%
287.51M▼ 42.4%
250.5M▼ 12.9%
160.88M▼ 35.8%
119.24M▲ 0%
Equity Growth %
--980.85%-195.48%272.97%-31.46%-42.42%-12.87%-35.78%-175.88%
Book Value per Share
-0.07-0.76-2.254.382.651.481.080.640.43
Total Shareholders' Equity
-13.19M-142.54M-421.18M728.5M499.31M287.51M250.5M160.88M119.24M
Common Stock
1K1K2K18K19K20K22K27K27K
Retained Earnings
-13.25M-144.13M-429.43M-785.36M-1.05B-1.34B-1.6B-1.85B-1.9B
Treasury Stock
000000000
Accumulated OCI
-45.72M26K30K-1.37M-4.33M-60K14K28K-2K
Minority Interest
000000000

SANA Cash Flow Statement

Sana Biotechnology, Inc. (SANA) cash flow — operating, investing & free cash flow history

MetricDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
-13.49M-85.5M-137.98M-251.05M-290.05M-253.58M-223.15M-143.83M-132.55M
Operating CF Margin %
---------
Operating CF Growth %
--533.6%-61.37%-81.95%-15.53%12.57%12%35.55%140.63%
Net Income
-13.25M-130.78M-285.31M-355.93M-269.48M-283.25M-266.76M-244.17M-241.99M
Depreciation & Amortization
1K1.83M5.92M11.07M15.63M24.56M17.39M12.75M11.5M
Stock-Based Compensation
118K1.5M5.83M22.36M38.34M35.53M37.68M25.46M12.97M
Deferred Taxes
0-7.55M0000000
Other Non-Cash Items
-228K38.97M129.42M61.64M-82.08M-49.03M-10.28M72.24M91.96M
Working Capital Changes
-308K10.53M6.16M9.8M7.54M18.61M-1.19M-10.11M-6.99M
Change in Receivables
000000000
Change in Inventory
000000000
Change in Payables
289K-421K1.98M-266K1.06M1.03M1.38M-3.54M-92K
Cash from Investing
-780K-87.86M-252.56M-245.8M210.56M172.01M17.45M-40.24M-7.4M
Capital Expenditures
-460K-26.18M-23.87M-29.86M-20.88M-20.03M0-938K-1.09M
CapEx % of Revenue
---------
Acquisitions
0-3.19M00-231.44K-192.04K01.43M1.02M
Investments
---------
Other Investing
-320K59K0-4.57M231.44K192.04K17.45M07.59M
Cash from Financing
45.72M223.73M435.69M631.75M4.91M31.65M199.75M128.73M127.62M
Debt Issued (Net)
0000007.74M-347K-353K
Equity Issued (Net)
45.72M223.74M435.54M631.75M4.91M31.65M181M129.08M127.42M
Dividends Paid
000000000
Share Repurchases
000000000
Other Financing
0-14K149K00011.01M0551K
Net Change in Cash
31.45M▲ 0%
50.36M▲ 60.2%
45.14M▼ 10.4%
134.9M▲ 198.8%
-74.58M▼ 155.3%
-49.92M▲ 33.1%
-5.95M▲ 88.1%
-55.33M▼ 829.8%
-12.33M▲ 0%
Free Cash Flow
-13.96M▲ 0%
-111.69M▼ 700.3%
-161.85M▼ 44.9%
-280.92M▼ 73.6%
-310.93M▼ 10.7%
-273.61M▲ 12.0%
-256.58M▲ 6.2%
-144.77M▲ 43.6%
-133.64M▲ 0%
FCF Margin %
---------
FCF Growth %
--700.34%-44.92%-73.56%-10.68%12%6.22%43.58%40.31%
FCF per Share
-0.07-0.60-0.86-1.69-1.65-1.41-1.11-0.57-0.48
FCF Conversion (FCF/Net Income)
1.02x0.65x0.48x0.71x1.08x0.90x0.84x0.59x0.55x
Interest Paid
000000000
Taxes Paid
000000000

SANA Key Ratios

Sana Biotechnology, Inc. (SANA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2019202020212022202320242025TTM
Return on Equity (ROE)
---231.63%-43.9%-72%-99.17%-118.7%-161.87%
Return on Invested Capital (ROIC)
---476.58%-40.19%-63.83%-86.08%-74.4%-119.35%
Debt / Equity
--0.15x0.22x0.36x0.38x0.49x0.63x
FCF Conversion
0.65x0.48x0.71x1.08x0.90x0.84x0.59x0.55x
Related:SANA Dividend History·SANA Revenue History·SANA Price History·SANA P/E History·SANA Financial Ratios·SANA Institutional Holders

SANA SEC Filings & Documents

Sana Biotechnology, Inc. (SANA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 15, 2026·SEC

Material company update

May 11, 2026·SEC

Material company update

Apr 24, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 3, 2026·SEC

FY 2025

Mar 17, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 11, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 11, 2025·SEC

SANA Frequently Asked Questions

Sana Biotechnology, Inc. (SANA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Sana Biotechnology, Inc. (SANA) grew revenue by 0.0% over the past year. Growth has been modest.

Sana Biotechnology, Inc. (SANA) reported a net loss of $242.0M for fiscal year 2025.

Dividend & Returns

Sana Biotechnology, Inc. (SANA) has a return on equity (ROE) of -118.7%. Negative ROE indicates the company is unprofitable.

Sana Biotechnology, Inc. (SANA) had negative free cash flow of $133.6M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in SANA back in 2018?

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