8-K Announcements
6May 5, 2026·SEC
Apr 16, 2026·SEC
Apr 13, 2026·SEC
Spyre Therapeutics, Inc. (SYRE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Spyre Therapeutics, Inc. (SYRE) stock price & volume — 10-year historical chart
Spyre Therapeutics, Inc. (SYRE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Spyre Therapeutics, Inc. (SYRE) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.74vs $0.66-12.1% | —vs $71M |
| Q1 2026 | Feb 19, 2026 | $0.70vs $0.66-6.1% | $90Mvs $143M-36.7% |
| Q4 2025 | Nov 4, 2025 | $0.15vs $0.68+77.9% | — |
| Q3 2025 | Aug 5, 2025 | $0.49vs $0.73+32.9% | — |
Spyre Therapeutics, Inc. (SYRE) competitors in Immunology and Inflammation Therapies — business model, growth, and fundamentals comparison
Spyre Therapeutics, Inc. (SYRE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Spyre Therapeutics, Inc. (SYRE) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 5.21M | 3.89M | 0 | 0 | 18.74M | 2.33M | 886K | 0 | 0 | 90.49M |
| Revenue Growth % | 12.47% | -25.3% | -100% | - | - | -87.57% | -61.96% | -100% | - | - |
| Cost of Goods Sold | 0 | 0 | 901K | 1.62M | 0 | 0 | 0 | 0 | 171.65M | 90.49M |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 0▲ 0% | 0▲ 0% | -901K▲ 0% | -1.62M▼ 80.2% | 18.74M▲ 1253.9% | 2.33M▼ 87.6% | 886K▼ 62.0% | 0▼ 100.0% | -171.65M▲ 0% | 0▲ 0% |
| Gross Margin % | - | - | - | - | 100% | 100% | 100% | - | - | - |
| Gross Profit Growth % | - | - | - | -80.24% | 1253.88% | -87.57% | -61.96% | -100% | - | - |
| Operating Expenses | 32.88M | 49.35M | 79.43M | 79.86M | 84.39M | 87.11M | 243.19M | 208.57M | 37.91M | 231.64M |
| OpEx % of Revenue | 631.72% | 1269.32% | - | - | 450.33% | 3740.23% | 27447.97% | - | - | - |
| Selling, General & Admin | 10.07M | 12.63M | 14.83M | 20.22M | 27.32M | 28.53M | 39.95M | 45.78M | 47.91M | 51.2M |
| SG&A % of Revenue | 193.39% | 324.9% | - | - | 145.79% | 1225.03% | 4508.58% | - | - | - |
| Research & Development | 22.82M | 36.72M | 64.6M | 59.64M | 57.07M | 58.58M | 89.5M | 162.79M | 171.65M | 190.44M |
| R&D % of Revenue | 438.33% | 944.42% | - | - | 304.55% | 2515.2% | 10102.03% | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 113.74M | 0 | -181.65M | -1000K |
| Operating Income | -27.68M▲ 0% | -45.46M▼ 64.3% | -80.33M▼ 76.7% | -81.48M▼ 1.4% | -65.65M▲ 19.4% | -84.78M▼ 29.1% | -242.3M▼ 185.8% | -208.57M▲ 13.9% | -209.56M▼ 0.5% | -201.64M▲ 0% |
| Operating Margin % | -531.72% | -1169.32% | - | - | -350.33% | -3640.23% | -27347.97% | - | - | -222.82% |
| Operating Income Growth % | -26.34% | -64.27% | -76.7% | -1.43% | 19.43% | -29.14% | -185.8% | 13.92% | -0.48% | - |
| EBITDA | -27.43M | -45.17M | -79.43M | -79.86M | -64.07M | -82.82M | -241.34M | -207.97M | -199.56M | -171.29M |
| EBITDA Margin % | -526.94% | -1161.78% | - | - | -341.92% | -3555.9% | -27239.16% | - | - | -189.28% |
| EBITDA Growth % | -25.96% | -64.69% | -75.85% | -0.53% | 19.77% | -29.25% | -191.41% | 13.83% | 4.04% | 20.09% |
| D&A (Non-Cash Add-back) | 249K | 293K | 901K | 1.62M | 1.58M | 1.96M | 964K | 0 | 10M | 0 |
| EBIT | -27.68M | -45.46M | -78.25M | -80.89M | -65.65M | -84.78M | -128.56M | -207.97M | -219.56M | -125.65M |
| Net Interest Income | 482K | 1.17M | 2.14M | 593K | 111K | 837K | 6.15M | 21.31M | 24.89M | 18.39M |
| Interest Income | 482K | 1.17M | 2.14M | 593K | 111K | 837K | 6.15M | 21.31M | 24.89M | 25.39M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 440K | 1.11M | 2.08M | 588K | -11K | 830K | -96.51M | 599K | 54.34M | 22.2M |
| Pretax Income | -27.24M▲ 0% | -44.35M▼ 62.8% | -78.25M▼ 76.5% | -80.89M▼ 3.4% | -65.66M▲ 18.8% | -83.95M▼ 27.9% | -338.82M▼ 303.6% | -207.97M▲ 38.6% | -155.22M▲ 25.4% | -179.44M▲ 0% |
| Pretax Margin % | -523.27% | -1140.64% | - | - | -350.39% | -3604.59% | -38241.08% | - | - | -198.28% |
| Income Tax | 0 | 0 | 0 | 0 | 141K | -136K | -26K | 51K | -15K | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | -0.21% | 0.16% | 0.01% | -0.02% | 0.01% | 0% |
| Net Income | -27.24M▲ 0% | -44.35M▼ 62.8% | -78.25M▼ 76.5% | -80.89M▼ 3.4% | -65.8M▲ 18.7% | -83.81M▼ 27.4% | -338.79M▼ 304.2% | -208.02M▲ 38.6% | -155.2M▲ 25.4% | -179.44M▲ 0% |
| Net Margin % | -523.27% | -1140.64% | - | - | -351.14% | -3598.75% | -38238.15% | - | - | -198.28% |
| Net Income Growth % | -25.52% | -62.83% | -76.45% | -3.37% | 18.66% | -27.38% | -304.21% | 38.6% | 25.39% | 14.12% |
| Net Income (Continuing) | -27.24M | -44.35M | -78.25M | -80.89M | -65.8M | -83.81M | -338.79M | -208.02M | -155.2M | -179.44M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -45.01▲ 0% | -53.25▼ 18.3% | -61.23▼ 15.0% | -37.89▲ 38.1% | -25.02▲ 34.0% | -24.86▲ 0.6% | -46.15▼ 85.6% | -3.18▲ 93.1% | -1.98▲ 37.7% | -0.52▲ 0% |
| EPS Growth % | 18.75% | -18.31% | -14.99% | 38.12% | 33.97% | 0.64% | -85.64% | 93.11% | 37.74% | 12.4% |
| EPS (Basic) | -45.01 | -53.25 | -61.23 | -37.89 | -25.02 | -24.86 | -46.15 | -3.18 | -1.98 | - |
| Diluted Shares Outstanding | 605.13K | 832.9K | 1.28M | 2.13M | 2.63M | 3.37M | 6.9M | 47.03M | 346.05M | 346.05M |
| Basic Shares Outstanding | 605.13K | 832.9K | 1.28M | 2.13M | 2.63M | 3.37M | 6.9M | 47.03M | 346.05M | 346.05M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
Spyre Therapeutics, Inc. (SYRE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 54.99M | 76.67M | 74.5M | 149.79M | 98.89M | 62.26M | 341.53M | 608.47M | 777.78M | 763.95M |
| Cash & Short-Term Investments | 50.3M | 74.51M | 71.95M | 146.27M | 93.13M | 55.71M | 339.28M | 603.09M | 756.53M | 741.47M |
| Cash Only | 12.82M | 22.46M | 19.25M | 90.09M | 15.14M | 34.86M | 188.89M | 89.42M | 85.72M | 97.19M |
| Short-Term Investments | 37.48M | 52.05M | 52.7M | 56.18M | 77.99M | 20.85M | 150.38M | 513.66M | 670.81M | 644.28M |
| Accounts Receivable | 3.08M | 0 | 0 | 0 | 815K | 375K | 0 | 0 | 0 | 0 |
| Days Sales Outstanding | 215.84 | - | - | - | 15.87 | 58.77 | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 6.17M | 2.25M | 5.39M | 21.25M | 22.49M |
| Total Non-Current Assets | 1.09M | 1.07M | 8.68M | 11.83M | 11.04M | 8.89M | 331K | 10K | 0 | 0 |
| Property, Plant & Equipment | 854K | 1.02M | 7.11M | 9.87M | 8.36M | 6.65M | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | 6.09x | 3.82x | - | - | 2.24x | 0.35x | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 232K | 50K | 1.57M | 1.96M | 2.68M | 2.24M | 331K | 10K | 0 | 0 |
| Total Assets | 56.08M▲ 0% | 77.74M▲ 38.6% | 83.18M▲ 7.0% | 161.62M▲ 94.3% | 109.93M▼ 32.0% | 71.14M▼ 35.3% | 341.86M▲ 380.5% | 608.48M▲ 78.0% | 777.78M▲ 27.8% | 763.95M▲ 0% |
| Asset Turnover | 0.09x | 0.05x | - | - | 0.17x | 0.03x | 0.00x | - | - | 0.14x |
| Asset Growth % | -16.38% | 38.63% | 7% | 94.29% | -31.98% | -35.28% | 380.52% | 77.99% | 27.82% | 105.3% |
| Total Current Liabilities | 5.63M | 10.24M | 18.36M | 16.44M | 20.14M | 14.66M | 31.98M | 54.06M | 58.69M | 85.16M |
| Accounts Payable | 389K | 663K | 3.15M | 2.25M | 3.32M | 677K | 896K | 666K | 8.9M | 5.69M |
| Days Payables Outstanding | - | - | 1.28K | 506.59 | - | - | - | - | 18.93 | 25.98 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 20K | 0 | 0 | 0 | 2.36M | 517K | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 3.38M | 2.78M | 3.74M | 4.18M | 4.99M | 4.92M | 5.93M | 52.79M | 49.78M | 79.47M |
| Current Ratio | 9.77x | 7.49x | 4.06x | 9.11x | 4.91x | 4.25x | 10.68x | 11.26x | 13.25x | 13.25x |
| Quick Ratio | 9.77x | 7.49x | 4.06x | 9.11x | 4.91x | 4.25x | 10.68x | 11.26x | 13.25x | 13.25x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 111K | 72K | 4.74M | 5.34M | 5.84M | 6.18M | 125.86M | 36.62M | 3.86M | 7.98M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 4.71M | 5.13M | 4.62M | 4M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 111K | 72K | 31K | 214K | 0 | 0 | 125.86M | 36.62M | 3.86M | 15.07M |
| Total Liabilities | 5.74M | 10.31M | 23.1M | 21.79M | 25.98M | 20.84M | 157.84M | 90.68M | 62.55M | 93.14M |
| Total Debt | 0 | 0 | 5.06M | 5.45M | 5.06M | 4.63M | 0 | 0 | 0 | 0 |
| Net Debt | -12.82M | -22.46M | -14.19M | -84.65M | -10.08M | -30.23M | -188.89M | -89.42M | -85.72M | -97.19M |
| Debt / Equity | - | - | 0.08x | 0.04x | 0.06x | 0.09x | - | - | - | 0.00x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.00x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | 0.57x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 50.34M▲ 0% | 67.43M▲ 34.0% | 60.08M▼ 10.9% | 139.83M▲ 132.7% | 83.94M▼ 40.0% | 50.3M▼ 40.1% | 184.02M▲ 265.8% | 517.8M▲ 181.4% | 715.24M▲ 38.1% | 670.81M▲ 0% |
| Equity Growth % | -20.06% | 33.95% | -10.9% | 132.74% | -39.97% | -40.07% | 265.8% | 181.39% | 38.13% | 137.87% |
| Book Value per Share | 83.18 | 80.96 | 47.01 | 65.50 | 31.92 | 14.92 | 26.68 | 11.01 | 2.07 | 1.94 |
| Total Shareholders' Equity | 50.34M | 67.43M | 60.08M | 139.83M | 83.94M | 50.3M | 184.02M | 517.8M | 715.24M | 670.81M |
| Common Stock | 2K | 2K | 3K | 5K | 5K | 6K | 10K | 13K | 15K | 15K |
| Retained Earnings | -72.51M | -116.86M | -195.12M | -276.01M | -341.81M | -425.62M | -764.41M | -972.43M | -1.13B | -1.2B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -102K | -27K | 51K | 11K | -20K | -48K | 302K | 180K | 869K | -767K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Spyre Therapeutics, Inc. (SYRE) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -24.61M | -32.19M | -65.69M | -75.78M | -53.72M | -80.14M | -99.91M | -157.41M | -169.25M | -169.25M |
| Operating CF Margin % | -472.91% | -828.01% | - | - | -286.65% | -3441.13% | -11276.52% | - | - | - |
| Operating CF Growth % | -30.65% | -30.79% | -104.06% | -15.35% | 29.11% | -49.2% | -24.66% | -57.55% | -7.52% | 79.2% |
| Net Income | -27.24M | -44.35M | -78.25M | -80.89M | -65.8M | -83.81M | -338.79M | -208.02M | -155.2M | -179.44M |
| Depreciation & Amortization | 249K | 293K | 901K | 996K | 1.58M | 1.57M | 744K | 0 | -8.09M | -8.09M |
| Stock-Based Compensation | 0 | 0 | 0 | 6.26M | 8.04M | 7.11M | 25.68M | 44.83M | 37.61M | 28.75M |
| Deferred Taxes | 0 | 0 | 0 | -213K | 0 | -327K | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 4.77M | 1.93M | 3.78M | 619K | 638K | 823K | 217.67M | 10.31M | -37.64M | -44.07M |
| Working Capital Changes | -198K | 7.2M | 7.1M | -2.54M | 1.83M | -5.5M | -5.21M | -4.53M | -5.93M | -5.12M |
| Change in Receivables | -1.86M | 3.08M | 0 | 0 | -815K | 440K | 375K | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | -440K | 0 | 0 | 0 | 0 |
| Change in Payables | 164K | 239K | 2.58M | -544K | 1.06M | -2.64M | 218K | -230K | 8.24M | 5.21M |
| Cash from Investing | -22.53M | -15.23M | -1.74M | -7.6M | -22.62M | 57.01M | -108.39M | -353.29M | -143.47M | -143.41M |
| Capital Expenditures | -619K | -422K | -1.49M | -4.28M | -573K | -38K | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | 11.89% | 10.85% | - | - | 3.06% | 1.63% | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 3.04M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 15.47M | 0 | 7M | 7M |
| Cash from Financing | 12.21M | 57.07M | 65.72M | 154.51M | 1.39M | 42.68M | 361.08M | 410.91M | 309.02M | 308.9M |
| Debt Issued (Net) | 0 | 0 | -25K | -20K | -510K | -418K | -16K | 0 | 0 | 0 |
| Equity Issued (Net) | 11.38M | 54.05M | 64.3M | 153.72M | 0 | 42.87M | 366.47M | 405.23M | 314.44M | 314.1M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 833K | 3.02M | 1.45M | 816K | 1.9M | 222K | -5.38M | 5.67M | -5.41M | -5.2M |
| Net Change in Cash | -34.93M▲ 0% | 9.64M▲ 127.6% | -3.21M▼ 133.3% | 71.18M▲ 2319.0% | -74.96M▼ 205.3% | 19.44M▲ 125.9% | 152.8M▲ 686.2% | -99.79M▼ 165.3% | -3.7M▲ 96.3% | 48.69M▲ 0% |
| Free Cash Flow | -25.23M▲ 0% | -32.62M▼ 29.3% | -67.18M▼ 106.0% | -80.06M▼ 19.2% | -54.29M▲ 32.2% | -80.18M▼ 47.7% | -99.91M▼ 24.6% | -157.41M▼ 57.6% | -169.25M▼ 7.5% | -128.26M▲ 0% |
| FCF Margin % | -484.8% | -838.86% | - | - | -289.71% | -3442.77% | -11276.52% | - | - | -141.73% |
| FCF Growth % | -32.45% | -29.25% | -105.99% | -19.16% | 32.19% | -47.69% | -24.6% | -57.55% | -7.52% | 24.49% |
| FCF per Share | -41.70 | -39.16 | -52.57 | -37.50 | -20.64 | -23.78 | -14.49 | -3.35 | -0.49 | -0.49 |
| FCF Conversion (FCF/Net Income) | 0.90x | 0.73x | 0.84x | 0.94x | 0.82x | 0.96x | 0.29x | 0.76x | 1.09x | 0.71x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Spyre Therapeutics, Inc. (SYRE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -48.08% | -75.32% | -122.74% | -80.93% | -58.81% | -124.87% | -289.17% | -59.28% | -25.17% | -31.25% |
| Return on Invested Capital (ROIC) | -78.72% | -82.67% | -132.63% | -120.92% | -76.31% | -135.39% | -2392.09% | -73.87% | -29.71% | -29.71% |
| Gross Margin | - | - | - | - | 100% | 100% | 100% | - | - | 0% |
| Net Margin | -523.27% | -1140.64% | - | - | -351.14% | -3598.75% | -38238.15% | - | - | -198.28% |
| Debt / Equity | - | - | 0.08x | 0.04x | 0.06x | 0.09x | - | - | - | 0.00x |
| FCF Conversion | 0.90x | 0.73x | 0.84x | 0.94x | 0.82x | 0.96x | 0.29x | 0.76x | 1.09x | 0.71x |
| Revenue Growth | 12.47% | -25.3% | -100% | - | - | -87.57% | -61.96% | -100% | - | - |
Spyre Therapeutics, Inc. (SYRE) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 5, 2026·SEC
Apr 16, 2026·SEC
Apr 13, 2026·SEC
Spyre Therapeutics, Inc. (SYRE) stock FAQ — growth, dividends, profitability & financials explained
Spyre Therapeutics, Inc. (SYRE) reported $90.5M in revenue for fiscal year 2025.
Spyre Therapeutics, Inc. (SYRE) grew revenue by 0.0% over the past year. Growth has been modest.
Spyre Therapeutics, Inc. (SYRE) reported a net loss of $179.4M for fiscal year 2025.
Spyre Therapeutics, Inc. (SYRE) has a return on equity (ROE) of -25.2%. Negative ROE indicates the company is unprofitable.
Spyre Therapeutics, Inc. (SYRE) had negative free cash flow of $128.3M in fiscal year 2025, likely due to heavy capital investments.
Spyre Therapeutics, Inc. (SYRE) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates