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TECX logoTectonic Therapeutic, Inc.(TECX)Earnings, Financials & Key Ratios

TECX•NASDAQ
$29.02
$543M mkt cap·Price updated May 6, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryDrug Discovery and Antibody Platforms
AboutTectonic Therapeutic, Inc., a clinical stage biotechnology company focuses on the discovery and development of therapeutic proteins and antibodies to modulate the activity of G-protein coupled receptors(GPCRs). It offers GEODe technology platform to enable the discovery and development of GPCR-targeted biologic medicines. The company's pipeline products include RXFP1 agonist, which is in ongoing phase 1a and 1b for the indication of heart failure with preserved ejection fraction; GPCR antagonist for indication of hereditary hemorrhagic telangiectasia; bi-functional GPCR modulator for indication of fibrosis; and GPCR modulators. Tectonic Therapeutic, Inc. is based in Watertown, Massachusetts.Show more
  • Revenue$0
  • EBITDA-$56M-30.6%
  • Net Income-$58M-35.4%
  • EPS (Diluted)-3.93+65.9%
  • ROE-206.56%
  • Debt/Equity0.02
  • Interest Coverage-542.20-84.6%
Technical→

TECX Key Insights

Tectonic Therapeutic, Inc. (TECX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 85 (top 15%)

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Shares diluted 100.0% in last year
  • ✗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.

TECX Price & Volume

Tectonic Therapeutic, Inc. (TECX) stock price & volume — 10-year historical chart

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TECX Growth Metrics

Tectonic Therapeutic, Inc. (TECX) 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-25.84%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM60.29%

Return on Capital

10 Years-124.19%
5 Years-96.12%
3 Years-138.36%
Last Year-82.99%

TECX Recent Earnings

Tectonic Therapeutic, Inc. (TECX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)
Q1 2026Latest
Feb 26, 2026
EPS
$1.03
Est $1.11
+7.2%
Revenue
—
Q4 2025
Nov 6, 2025
EPS
$1.02
Est $1.05
+2.9%
Revenue
—
Q3 2025
Aug 7, 2025
EPS
$1.07
Est $0.98
-9.2%
Revenue
—
Q2 2025
May 8, 2025
EPS
$0.93
Est $1.10
+15.5%
Revenue
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 26, 2026
$1.03vs $1.11+7.2%
—
Q4 2025Nov 6, 2025
$1.02vs $1.05+2.9%
—
Q3 2025Aug 7, 2025
$1.07vs $0.98-9.2%
—
Q2 2025May 8, 2025
$0.93vs $1.10+15.5%
—
Based on last 12 quarters of dataView full earnings history →

TECX Peer Comparison

Tectonic Therapeutic, Inc. (TECX) competitors in Drug Discovery and Antibody Platforms — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
RCUS logoRCUSArcus Biosciences, Inc.Direct Competitor2.62B26.00-7.90-4.26%-156.36%-68.97%0.16
ARQT logoARQTArcutis Biotherapeutics, Inc.Direct Competitor3.02B24.17-185.9291.34%-0.57%-1.41%0.03
KYMR logoKYMRKymera Therapeutics, Inc.Direct Competitor7.04B86.26-23.38-16.72%-6.12%-25.02%0.05
IMVT logoIMVTImmunovant, Inc.Direct Competitor5.83B28.67-10.50-47.07%0.00
PRTA logoPRTAProthena Corporation plcDirect Competitor601.85M11.18-2.47-92.84%-25.21%-73%0.05
ALKS logoALKSAlkermes plcDirect Competitor5.89B35.3224.70-5.25%9.78%8.82%0.04
HALO logoHALOHalozyme Therapeutics, Inc.Product Competitor7.81B66.3525.9237.55%22.69%6.49%
ACAD logoACADACADIA Pharmaceuticals Inc.Product Competitor3.68B21.489.3811.87%36.49%41.9%0.04

Compare TECX vs Peers

Tectonic Therapeutic, Inc. (TECX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RCUS

Most directly comparable listed peer for TECX.

Scale Benchmark

vs MEDP

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

Peer Set

Compare Top 5

vs RCUS, ARQT, KYMR, IMVT

TECX Income Statement

Tectonic Therapeutic, Inc. (TECX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Sales/Revenue0000000000
Revenue Growth %----------
Cost of Goods Sold045K380K850K1.21M00000
COGS % of Revenue----------
Gross Profit
0▲ 0%
-45K▲ 0%
-380K▼ 744.4%
-850K▼ 123.7%
-1.21M▼ 42.0%
0▲ 100.0%
0▲ 0%
0▲ 0%
0▲ 0%
0▲ 0%
Gross Margin %----------
Gross Profit Growth %---744.44%-123.68%-42%100%----
Operating Expenses4.63M18.34M45.86M74.96M119.02M15.61M32.83M44.65M58.02M76.51M
OpEx % of Revenue----------
Selling, General & Admin1.96M3.15M10.77M19.98M32.99M4.63M7.18M7.68M16.65M20.21M
SG&A % of Revenue----------
Research & Development2.66M15.19M35.09M54.97M86.03M10.98M25.65M36.97M41.36M56.3M
R&D % of Revenue----------
Other Operating Expenses0000000000
Operating Income
-4.63M▲ 0%
-18.39M▼ 297.5%
-46.24M▼ 151.5%
-75.81M▼ 63.9%
-120.23M▼ 58.6%
-15.61M▲ 87.0%
-32.83M▼ 110.3%
-44.65M▼ 36.0%
-58.02M▼ 29.9%
-76.51M▲ 0%
Operating Margin %----------
Operating Income Growth %--297.54%-151.51%-63.94%-58.59%87.02%-110.31%-36%-29.94%-
EBITDA-4.66M-18.34M-45.86M-74.96M-119.02M-15.25M-31.82M-43.17M-56.37M-72.43M
EBITDA Margin %----------
EBITDA Growth %--293.25%-150.06%-63.44%-58.78%87.19%-108.74%-35.65%-30.58%-39.59%
D&A (Non-Cash Add-back)045K380K850K1.21M364K1.01M1.48M1.65M1.21M
EBIT-4.66M-18.65M-46.36M-72.97M-119.71M-8.48M-32.04M-42.67M-57.88M-66.25M
Net Interest Income0002.93M719K-224K5K429K4.15M10.39M
Interest Income6K57K1.73M2.93M719K0149K581K4.26M10.47M
Interest Expense00000224K144K152K107K73K
Other Income/Expense-39K-262K-118K2.84M516K6.68M650K1.82M33K10.19M
Pretax Income
-4.66M▲ 0%
-18.65M▼ 299.8%
-46.36M▼ 148.6%
-72.97M▼ 57.4%
-119.71M▼ 64.1%
-8.93M▲ 92.5%
-32.18M▼ 260.5%
-42.82M▼ 33.1%
-57.98M▼ 35.4%
-66.32M▲ 0%
Pretax Margin %----------
Income Tax000000000976K
Effective Tax Rate %0%0%0%0%0%0%0%0%0%-1.47%
Net Income
-4.66M▲ 0%
-18.65M▼ 299.8%
-46.36M▼ 148.6%
-72.97M▼ 57.4%
-119.71M▼ 64.1%
-8.93M▲ 92.5%
-32.18M▼ 260.5%
-42.82M▼ 33.1%
-57.98M▼ 35.4%
-67.3M▲ 0%
Net Margin %----------
Net Income Growth %--299.83%-148.61%-57.38%-64.07%92.54%-260.48%-33.07%-35.4%-25.84%
Net Income (Continuing)-4.66M-18.65M-46.36M-72.97M-119.71M-8.93M-32.18M-42.82M-57.98M-67.3M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)
-2.34▲ 0%
-9.35▼ 299.6%
-23.41▼ 150.4%
-31.92▼ 36.4%
-39.68▼ 24.3%
-33.36▲ 15.9%
-29.05▲ 12.9%
-11.53▲ 60.3%
-3.93▲ 65.9%
-3.60▲ 0%
EPS Growth %--299.57%-150.37%-36.35%-24.31%15.93%12.92%60.31%65.92%60.29%
EPS (Basic)-2.34-9.35-23.41-31.92-39.68-33.36-29.05-11.59-3.93-
Diluted Shares Outstanding1.99M1.99M1.98M2.29M3.02M3.57M3.64M3.71M14.77M18.71M
Basic Shares Outstanding1.99M1.99M1.98M2.29M3.02M3.57M3.64M3.69M14.77M18.71M
Dividend Payout Ratio----------

TECX Balance Sheet

Tectonic Therapeutic, Inc. (TECX) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Current Assets5.38M6.31M130.02M195.7M267.24M28.62M37.04M30.88M146.86M273.24M
Cash & Short-Term Investments5.36M5.96M126.3M187.04M259.68M28.06M35.97M28.77M141.24M268.44M
Cash Only5.36M5.96M126.3M187.04M259.68M28.06M35.97M28.77M141.24M268.44M
Short-Term Investments0000000000
Accounts Receivable001.54M2.14M2.56M00000
Days Sales Outstanding----------
Inventory0000000000
Days Inventory Outstanding----------
Other Current Assets4K60K795K620K271K557K1.08M2.12M5.62M4.81M
Total Non-Current Assets24K714K3.46M4.81M3.99M4.26M10.17M8.52M6.05M3.76M
Property, Plant & Equipment0349K2.63M3.7M3.06M3.66M9.55M7.23M5.3M2.68M
Fixed Asset Turnover---------0.00x
Goodwill0000000000
Intangible Assets0000000000
Long-Term Investments24K24K492K492K492K000587K0
Other Non-Current Assets0341K333K625K436K599K613K1.29M156K3.42M
Total Assets
5.4M▲ 0%
7.02M▲ 30.0%
133.48M▲ 1800.9%
200.51M▲ 50.2%
271.23M▲ 35.3%
32.88M▼ 87.9%
47.21M▲ 43.6%
39.4M▼ 16.5%
152.91M▲ 288.1%
277M▲ 0%
Asset Turnover---------0.00x
Asset Growth %-30.04%1800.87%50.22%35.27%-87.88%43.59%-16.54%288.09%645.48%
Total Current Liabilities891K2.63M10.61M14.02M16.61M4.12M7.84M40.89M11.61M9.37M
Accounts Payable340K527K2.78M3.95M2.68M1.81M574K409K976K1.49M
Days Payables Outstanding-4.27K2.67K1.7K811.04-----
Short-Term Debt0000000001.14M
Deferred Revenue (Current)0000000000
Other Current Liabilities177K1.3M5.21M7.04M7.53M1.76M2.66M33.37M3.58M6.75M
Current Ratio6.03x2.40x12.26x13.96x16.09x6.95x4.73x0.76x12.65x12.65x
Quick Ratio6.03x2.40x12.26x13.96x16.09x6.95x4.73x0.76x12.65x12.65x
Cash Conversion Cycle----------
Total Non-Current Liabilities88K1.03M689K484K276K43.72M85.03M83.15M519K100K
Long-Term Debt000000000100K
Capital Lease Obligations00000700K4.34M2.52M519K988K
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities88K1.03M689K484K276K43.02M80.68M80.63M00
Total Liabilities979K3.66M11.29M14.5M16.89M47.84M92.86M124.03M12.13M9.47M
Total Debt000001.05M5.79M4.34M3.3M1.24M
Net Debt-5.36M-5.96M-126.3M-187.04M-259.68M-27.01M-30.17M-24.43M-137.94M-267.2M
Debt / Equity--------0.02x0.02x
Debt / EBITDA----------0.02x
Net Debt / EBITDA---------3.69x
Interest Coverage------69.69x-227.99x-293.74x-542.20x-907.52x
Total Equity
4.42M▲ 0%
3.37M▼ 23.9%
122.18M▲ 3531.0%
186.01M▲ 52.2%
254.34M▲ 36.7%
-14.96M▼ 105.9%
-45.65M▼ 205.2%
-84.64M▼ 85.4%
140.78M▲ 266.3%
267.53M▲ 0%
Equity Growth %--23.89%3531.03%52.24%36.73%-105.88%-205.17%-85.39%266.33%653.68%
Book Value per Share2.221.6961.6881.3784.30-4.19-12.53-22.799.5314.30
Total Shareholders' Equity4.42M3.37M122.18M186.01M254.34M-14.96M-45.65M-84.64M140.78M267.53M
Common Stock1K1K2K3K4K0002K2K
Retained Earnings-4.83M-23.48M-71.74M-144.7M-264.42M-15.6M-47.78M-90.6M-148.59M-203.51M
Treasury Stock0000000000
Accumulated OCI-1K-1K00000-11K9K-75K
Minority Interest0000000000

TECX Cash Flow Statement

Tectonic Therapeutic, Inc. (TECX) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations-3.31M-16.38M-37.65M-67.67M-98.8M-12.45M-97.21M-40.68M-59.08M-59.08M
Operating CF Margin %----------
Operating CF Growth %--394.33%-129.81%-79.74%-46.01%87.4%-680.54%58.15%-45.23%-86.25%
Net Income-4.66M-18.65M-46.36M-72.97M-119.71M-8.93M-32.18K-42.82M-57.98M-67.3M
Depreciation & Amortization045K380K850K1.21M364K1.01K1.48M1.65M1.91M
Stock-Based Compensation00000639K1.12K1.12M3.49M10.73M
Deferred Taxes0000000000
Other Non-Cash Items463K549K2.9M6.63M15.46M-6.45M-89.78M127K4.04M14.7M
Working Capital Changes710K1.59M4.18M-2.18M4.24M1.92M-7.4M-584K-10.28M-6.57M
Change in Receivables0000000000
Change in Inventory0000000000
Change in Payables177K176K2.02M1.03M-881K1.45M-3.1M-165K-1.42M-978K
Cash from Investing-24K-383K-1.83M-1.58M-1.18M-2.12M-267K-279K-156K-141K
Capital Expenditures0-383K-1.83M-1.58M-1.18M-2.12M-267K-279K-156K-238K
CapEx % of Revenue----------
Acquisitions00000000055K
Investments----------
Other Investing00000000042K
Cash from Financing8.7M17.37M160.29M129.99M172.62M41.42M262K33.75M171.71M172.43M
Debt Issued (Net)000003.61M-393K-499K-475K-477K
Equity Issued (Net)01000K1000K1000K1000K1000K262K1000K1000K899K
Dividends Paid0000000000
Share Repurchases0000000000
Other Financing8.7M-44K0002K393K121K77.59M-1.29M
Net Change in Cash
5.36M▲ 0%
606K▼ 88.7%
120.34M▲ 19757.9%
60.74M▼ 49.5%
72.64M▲ 19.6%
26.84M▼ 63.0%
-96.72M▼ 460.3%
-7.2M▲ 92.6%
112.47M▲ 1662.7%
109.83M▲ 0%
Free Cash Flow
-3.31M▲ 0%
-16.77M▼ 405.9%
-39.48M▼ 135.5%
-69.25M▼ 75.4%
-99.98M▼ 44.4%
-14.58M▲ 85.4%
-97.47M▼ 568.7%
-40.96M▲ 58.0%
-59.24M▼ 44.6%
-62.68M▲ 0%
FCF Margin %----------
FCF Growth %--405.88%-135.49%-75.41%-44.37%85.42%-568.74%57.98%-44.62%-15.81%
FCF per Share-1.66-8.40-19.93-30.29-33.14-4.08-26.74-11.03-4.01-4.01
FCF Conversion (FCF/Net Income)0.71x0.88x0.81x0.93x0.83x1.40x3.02x0.95x1.02x0.93x
Interest Paid0000000152K107K48K
Taxes Paid0000000000

TECX Key Ratios

Tectonic Therapeutic, Inc. (TECX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20172018201920202021202220232024TTM
Return on Equity (ROE)-479.01%-73.85%-47.35%-54.37%-7.46%---206.56%-25.16%
Return on Invested Capital (ROIC)--------21272.75%
Debt / Equity-------0.02x0.02x
Interest Coverage-----69.69x-227.99x-293.74x-542.20x-907.52x
FCF Conversion0.88x0.81x0.93x0.83x1.40x3.02x0.95x1.02x0.93x

TECX SEC Filings & Documents

Tectonic Therapeutic, Inc. (TECX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Feb 26, 2026·SEC

Material company update

Feb 24, 2026·SEC

Material company update

Nov 6, 2025·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Mar 20, 2025·SEC

FY 2024

Mar 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

TECX Frequently Asked Questions

Tectonic Therapeutic, Inc. (TECX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Tectonic Therapeutic, Inc. (TECX) grew revenue by 0.0% over the past year. Growth has been modest.

Tectonic Therapeutic, Inc. (TECX) reported a net loss of $67.3M for fiscal year 2024.

Dividend & Returns

Tectonic Therapeutic, Inc. (TECX) has a return on equity (ROE) of -206.6%. Negative ROE indicates the company is unprofitable.

Tectonic Therapeutic, Inc. (TECX) had negative free cash flow of $62.7M in fiscal year 2024, likely due to heavy capital investments.

Explore More TECX

Tectonic Therapeutic, Inc. (TECX) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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