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HUMAHumacyte, Inc.
$0.92$155M
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HUMA logoHumacyte, Inc.(HUMA)Earnings, Financials & Key Ratios

HUMA•NASDAQ
Price updated Jun 19, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryRegenerative Medicine and Tissue Engineering
AboutHumacyte, Inc. engages in the development and manufacture of off-the-shelf, implantable, and bioengineered human tissues for the treatment of diseases and conditions across a range of anatomic locations in multiple therapeutic areas. The company using its proprietary and scientific technology platform to engineer and manufacture human acellular vessels (HAVs). Its investigational HAVs are designed to be easily implanted into any patient without inducing a foreign body response or leading to immune rejection. The company is developing a portfolio of HAVs, which would target the vascular repair, reconstruction, and replacement market, including vascular trauma; arteriovenous access for hemodialysis; peripheral arterial disease; and coronary artery bypass grafting, as well as developing its HAVs for pediatric heart surgery and cellular therapy delivery, including pancreatic islet cell transplantation to treat Type 1 diabetes. The company was founded in 2004 and is headquartered in Durham, North Carolina.Show more
  • Revenue$2M
  • EBITDA-$100M+6.6%
  • Net Income-$41M+72.5%
  • EPS (Diluted)-0.26+79.4%
  • Gross Margin-736.46%
  • EBITDA Margin-4911.29%
  • Operating Margin-5271.69%
  • Net Margin-2003.58%
  • ROE-1313.38%

HUMA Key Insights

Humacyte, Inc. (HUMA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

  • ✗High debt to equity ratio of 20.9x
  • ✗Negative free cash flow
  • ✗Shares diluted 33.5% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 47.0x book value
  • ✗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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HUMA Price & Volume

Humacyte, Inc. (HUMA) stock price & volume — 10-year historical chart

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HUMA Growth Metrics

Humacyte, Inc. (HUMA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years6.45%
3 Years9.2%
TTM-73.97%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-25.65%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM14.64%

Return on Capital

10 Years-64.83%
5 Years-69.7%
3 Years-89.31%
Last Year-99.52%

HUMA Recent Earnings

Humacyte, Inc. (HUMA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 2/12 qtrs (29%)
Q2 2026Latest
May 13, 2026
Metric
Actual
Est
EPS
$0.09+10.0%
$0.10
Rev
$495,000-66.2%
$1M
Q2 2026
Mar 27, 2026
Metric
Actual
Est
EPS
$0.13+0.0%
$0.13
Rev
$467,000-65.4%
$1M
Q4 2025
Nov 12, 2025
Metric
Actual
Est
EPS
$0.14+17.6%
$0.17
Rev
$753,000-44.2%
$1M
Q3 2025
Aug 11, 2025
Metric
Actual
Est
EPS
$0.24-60.0%
$0.15
Rev
$301,000-67.2%
$917,830
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 13, 2026
$0.09vs $0.10+10.0%
$495,000vs $1M-66.2%
Q2 2026Mar 27, 2026
$0.13vs $0.13+0.0%
$467,000vs $1M-65.4%
Q4 2025Nov 12, 2025
$0.14vs $0.17+17.6%
$753,000vs $1M-44.2%
Q3 2025Aug 11, 2025
$0.24vs $0.15-60.0%
$301,000vs $917,830-67.2%
Based on last 12 quarters of dataView full earnings history →

HUMA Peer Comparison

Humacyte, Inc. (HUMA) competitors in Regenerative Medicine and Tissue Engineering — 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
TELA logoTELATELA Bio, Inc.Direct Competitor36.85M0.82-0.9915.84%-49.3%-13.44%8.82
NVCR logoNVCRNovoCure LimitedDirect Competitor1.62B14.28-11.708.28%-25.66%-50.82%0.85
ATRC logoATRCAtriCure, Inc.Direct Competitor1.46B28.80-12014.88%-0.83%-0.95%0.18
ANGO logoANGOAngioDynamics, Inc.Direct Competitor505.13M12.15-14.64-3.76%-9.02%-15.71%
AORT logoAORTArtivion, Inc.Product Competitor1.03B21.19100.9013.59%2.55%2.66%0.65
ELMD logoELMDElectromed, Inc.Product Competitor320.27M38.6844.9816.97%14.08%22.14%0.00
LMAT logoLMATLeMaitre Vascular, Inc.Product Competitor2.14B93.9537.2813.53%24.35%16.19%0.47
BDX logoBDXBecton, Dickinson and CompanySupply Chain52.16B143.9824.708.23%5.33%4.54%0.76

Compare HUMA vs Peers

Humacyte, Inc. (HUMA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TELA

Most directly comparable listed peer for HUMA.

Scale Benchmark

vs MDT

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

Peer Set

Compare Top 5

vs TELA, NVCR, ATRC, ANGO

HUMA Income Statement

Humacyte, Inc. (HUMA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue
6.19M1.49M1.26M1.56M002.04M2.02M
Revenue Growth %
--75.9%-15.29%23.91%-100%---73.97%
Cost of Goods Sold
75.6M54.08M61.34M8.26M76.55M7.19M17.05M17.11M
COGS % of Revenue
1221.97%3626.96%4856.77%527.48%--836.46%-
Gross Profit
-69.42M▲ 0%
-52.59M▲ 24.2%
-60.08M▼ 14.2%
-6.69M▲ 88.9%
-76.55M▼ 1044.2%
-7.19M▲ 90.6%
-15.01M▼ 108.7%
-15.09M▲ 0%
Gross Margin %
-1121.97%-3526.96%-4756.77%-427.48%---736.46%-748.51%
Gross Profit Growth %
-24.24%-14.24%88.86%-1044.25%90.61%-108.75%-
Operating Expenses
16.27M12.01M21.13M77.89M23.5M107.21M92.43M98.8M
OpEx % of Revenue
263.05%805.7%1673%4976.87%--4535.23%-
Selling, General & Admin
16.27M12.01M21.13M22.88M20.39M25.8M31.17M27.31M
SG&A % of Revenue
263.05%805.7%1673%1462.17%--1529.49%-
Research & Development
75.6M54.08M61.34M63.26M76.55M88.6M69.3M73.35M
R&D % of Revenue
1221.97%3626.96%4856.77%4042.17%--3400.49%-
Other Operating Expenses
-75.6M-54.08M-61.34M-8.26M-73.44M-7.19M-8.04M-1000K
Operating Income
-85.69M▲ 0%
-64.6M▲ 24.6%
-81.21M▼ 25.7%
-84.58M▼ 4.1%
-100.05M▼ 18.3%
-114.4M▼ 14.3%
-107.44M▲ 6.1%
-113.89M▲ 0%
Operating Margin %
-1385.02%-4332.66%-6429.77%-5404.35%---5271.69%-5649.21%
Operating Income Growth %
-24.61%-25.71%-4.15%-18.29%-14.34%6.08%-
EBITDA
-78.94M-56.25M-72.97M-76.37M-92.33M-107.21M-100.09M-106.58M
EBITDA Margin %
-1275.93%-3772.57%-5777.28%-4879.74%---4911.29%-5286.95%
EBITDA Growth %
-28.75%-29.72%-4.66%-20.9%-16.12%6.64%-2.75%
D&A (Non-Cash Add-back)
6.75M8.35M8.24M8.21M7.72M7.19M7.34M7.3M
EBIT
-85.69M-64.6M-81.21M-84.58M-104.18M-139.42M-107.44M-119.27M
Net Interest Income
-2.03M-1.92M-4.33M-3.57M-1.13M-5.17M-8.66M-8.27M
Interest Income
269K278K16K2.63M5.47M4.1M2.59M2.25M
Interest Expense
2.3M2.2M4.35M6.2M6.6M9.28M11.25M10.52M
Other Income/Expense
269K-1.92M54.73M72.61M-10.73M-34.3M66.6M16.3M
Pretax Income
-85.42M▲ 0%
-66.52M▲ 22.1%
-26.48M▲ 60.2%
-11.96M▲ 54.8%
-110.78M▼ 825.8%
-148.7M▼ 34.2%
-40.83M▲ 72.5%
-97.59M▲ 0%
Pretax Margin %
-1380.67%-4461.7%-2096.36%-764.54%---2003.58%-4840.82%
Income Tax
00000000
Effective Tax Rate %
0%0%0%0%0%0%0%0%
Net Income
-85.42M▲ 0%
-66.52M▲ 22.1%
-26.48M▲ 60.2%
-11.96M▲ 54.8%
-110.78M▼ 825.8%
-148.7M▼ 34.2%
-40.83M▲ 72.5%
-97.59M▲ 0%
Net Margin %
-1380.67%-4461.7%-2096.36%-764.54%---2003.58%-4840.82%
Net Income Growth %
-22.12%60.2%54.81%-825.83%-34.24%72.54%-25.65%
Net Income (Continuing)
-85.42M-66.52M-26.48M-11.96M-110.78M-148.7M-40.83M-97.59M
Discontinued Operations
00000000
Minority Interest
00000000
EPS (Diluted)
-4.25▲ 0%
-5.52▼ 29.9%
-0.66▲ 88.0%
-0.12▲ 81.8%
-1.07▼ 791.7%
-1.26▼ 17.8%
-0.26▲ 79.4%
-0.49▲ 0%
EPS Growth %
--29.88%88.04%81.82%-791.67%-17.76%79.37%14.64%
EPS (Basic)
-4.25-5.52-0.66-0.12-1.07-1.26-0.26-
Diluted Shares Outstanding
20.12M12.45M39.97M103.05M103.42M118.48M158.16M197.85M
Basic Shares Outstanding
20.12M12.45M39.97M103.05M103.42M118.48M158.16M197.85M
Dividend Payout Ratio
--------

HUMA Balance Sheet

Humacyte, Inc. (HUMA) balance sheet — assets, liabilities & shareholders' equity

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets
94.95M41.45M229.34M154.21M83.28M47.86M67.8M63.6M
Cash & Short-Term Investments
93.71M39.93M225.5M151.88M80.45M44.94M50.5M48.54M
Cash Only
93.71M39.93M217.5M149.77M80.45M44.94M50.5M48.54M
Short-Term Investments
008M2.11M0000
Accounts Receivable
601K113K176K31K00441K434K
Days Sales Outstanding
35.4627.6650.867.23--78.98106.23
Inventory
00000013.59M9.92M
Days Inventory Outstanding
------290.96282.69
Other Current Assets
0002.3M2.83M2.92M3.27M4.7M
Total Non-Current Assets
73.74M65.24M57.19M50.09M44.95M90.01M48.57M46.96M
Property, Plant & Equipment
73.74M65.24M57.19M50.09M44.1M38.55M47.69M46.08M
Fixed Asset Turnover
0.08x0.02x0.02x0.03x--0.04x0.05x
Goodwill
00000000
Intangible Assets
00000000
Long-Term Investments
000000209K209K
Other Non-Current Assets
0000841K51.46M672K881K
Total Assets
168.69M▲ 0%
106.69M▼ 36.8%
286.53M▲ 168.6%
204.3M▼ 28.7%
128.22M▼ 37.2%
137.87M▲ 7.5%
116.37M▼ 15.6%
110.56M▲ 0%
Asset Turnover
0.04x0.01x0.00x0.01x--0.02x0.02x
Asset Growth %
--36.76%168.57%-28.7%-37.24%7.53%-15.6%-67.48%
Total Current Liabilities
10.84M11.23M11.05M19.58M18.44M19.95M18.37M16.19M
Accounts Payable
3.27M2.27M2.09M1.59M6.49M4.49M5.4M5.08M
Days Payables Outstanding
15.815.3512.4670.5230.95227.93115.71142.37
Short-Term Debt
1.5M2.45M08.57M002.43M2.43M
Deferred Revenue (Current)
00000000
Other Current Liabilities
-1.5M1.15M4.12M4.23M5.29M7.37M10.54M8.68M
Current Ratio
8.76x3.69x20.75x7.88x4.52x2.40x3.69x3.93x
Quick Ratio
8.76x3.69x20.75x7.88x4.52x2.40x2.95x3.32x
Cash Conversion Cycle
------254.23246.55
Total Non-Current Liabilities
25.65M24.78M153.31M67.79M96.23M170.59M94.89M82.75M
Long-Term Debt
0822K27.36M20.34M38.6M035.44M63.47M
Capital Lease Obligations
25.65M23.82M21.79M18.85M16.29M13.62M26.97M66.16M
Deferred Tax Liabilities
00000000
Other Non-Current Liabilities
0144K104.16M28.61M41.34M156.97M32.47M19.27M
Total Liabilities
36.49M36.02M164.36M87.37M114.68M190.54M113.26M98.93M
Total Debt
28.72M28.86M51.18M50.07M57.45M16.54M64.85M65.9M
Net Debt
-65M-11.07M-166.32M-99.71M-23M-28.4M14.35M17.36M
Debt / Equity
0.22x0.41x0.42x0.43x4.24x-20.86x5.67x
Debt / EBITDA
--------0.62x
Net Debt / EBITDA
--------0.16x
Interest Coverage
-37.29x-29.34x-18.68x-13.64x-15.79x-15.03x-9.55x-11.34x
Total Equity
132.2M▲ 0%
70.67M▼ 46.5%
122.17M▲ 72.9%
116.93M▼ 4.3%
13.55M▼ 88.4%
-52.67M▼ 488.8%
3.11M▲ 105.9%
11.62M▲ 0%
Equity Growth %
--46.54%72.87%-4.29%-88.42%-488.82%105.9%245.02%
Book Value per Share
6.575.683.061.130.13-0.440.020.06
Total Shareholders' Equity
132.2M70.67M122.17M116.93M13.55M-52.67M3.11M11.62M
Common Stock
21K1K10K10K10K13K20K10.86M
Retained Earnings
-321.57M-388.1M-414.57M-426.54M-537.31M-686.01M-726.85M-744.47M
Treasury Stock
00000000
Accumulated OCI
00000000
Minority Interest
00000000

HUMA Cash Flow Statement

Humacyte, Inc. (HUMA) cash flow — operating, investing & free cash flow history

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
-71.79M-55.57M-81.19M-71.13M-73.31M-98.12M-105.04M-101.54M
Operating CF Margin %
-1160.29%-3726.89%-6428.35%-4544.98%---5154.17%-
Operating CF Growth %
-22.59%-46.11%12.39%-3.06%-33.85%-7.05%-14.48%
Net Income
-85.42M-66.52M-26.48M-11.96M-110.78M-148.7M-40.83M-97.59M
Depreciation & Amortization
6.75M8.43M8.24M8.21M7.72M7.19M5.33M5.07M
Stock-Based Compensation
4.46M010.15M6.18M6.83M6.14M9.75M7.27M
Deferred Taxes
-4.27M0000000
Other Non-Cash Items
6.25M4.89M-72.54M-74.59M16.35M36.94M-55.9M-1.15M
Working Capital Changes
453K-2.37M-557K1.03M6.57M311K-23.39M-15.14M
Change in Receivables
-185K488K-63K145K31K0-261K54K
Change in Inventory
-2.43M00000-21.83M-11.76M
Change in Payables
2.43M-889K-197K-509K4.81M-1.96M973K-42K
Cash from Investing
-8.13M-268K-8.22M4.84M-173K-1.57M-884K-831K
Capital Expenditures
-8.13M-318K-220K-1.05M-2.28M-1.57M-884K-831K
CapEx % of Revenue
131.32%21.33%17.42%66.96%--43.38%41.22%
Acquisitions
050K000000
Investments
--------
Other Investing
00000000
Cash from Financing
-74K2.05M266.98M-1.45M4.51M114.18M61.49M38.07M
Debt Issued (Net)
-1.29M1.75M27.93M-1.98M5.7M-2.58M36.38M37.07M
Equity Issued (Net)
0301K00566K89.05M113.44M92.94M
Dividends Paid
00000000
Share Repurchases
00000000
Other Financing
1.22M0239.05M535K-1.76M27.71M-88.34M-91.94M
Net Change in Cash
-79.99M▲ 0%
39.93M▲ 149.9%
177.57M▲ 344.7%
-67.73M▼ 138.1%
-69.18M▼ 2.1%
14.49M▲ 120.9%
-44.44M▼ 406.7%
-64.45M▲ 0%
Free Cash Flow
-79.91M▲ 0%
-55.89M▲ 30.1%
-81.41M▼ 45.7%
-72.18M▲ 11.3%
-75.58M▼ 4.7%
-99.69M▼ 31.9%
-105.93M▼ 6.3%
-102.38M▲ 0%
FCF Margin %
-1291.61%-3748.22%-6445.76%-4611.95%---5197.55%-5078.17%
FCF Growth %
-30.07%-45.67%11.34%-4.72%-31.9%-6.25%-1.58%
FCF per Share
-3.97-4.49-2.04-0.70-0.73-0.84-0.67-0.52
FCF Conversion (FCF/Net Income)
0.84x0.84x3.07x5.94x0.66x0.66x2.57x1.05x
Interest Paid
001.12M2.67M0000
Taxes Paid
00000000

HUMA Key Ratios

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

Metric202020212022202320242025TTM
Return on Equity (ROE)
-65.58%-27.46%-10.01%-169.81%--1313.38%-2781.56%
Return on Invested Capital (ROIC)
-76.41%-788.22%--1930.66%---334.92%
Gross Margin
-3526.96%-4756.77%-427.48%---736.46%-748.51%
Net Margin
-4461.7%-2096.36%-764.54%---2003.58%-4840.82%
Debt / Equity
0.41x0.42x0.43x4.24x-20.86x5.67x
Interest Coverage
-29.34x-18.68x-13.64x-15.79x-15.03x-9.55x-11.34x
FCF Conversion
0.84x3.07x5.94x0.66x0.66x2.57x1.05x
Revenue Growth
-75.9%-15.29%23.91%-100%---73.97%
Related:HUMA Dividend History·HUMA Revenue History·HUMA Price History·HUMA P/E History·HUMA Financial Ratios·HUMA Institutional Holders

HUMA SEC Filings & Documents

Humacyte, Inc. (HUMA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 8, 2026·SEC

Material company update

Apr 24, 2026·SEC

Material company update

Mar 19, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 27, 2026·SEC

FY 2025

Mar 31, 2025·SEC

FY 2024

Mar 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 13, 2026·SEC

FY 2025

Nov 12, 2025·SEC

FY 2025

Aug 11, 2025·SEC

HUMA Frequently Asked Questions

Humacyte, Inc. (HUMA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Humacyte, Inc. (HUMA) reported $2.0M in revenue for fiscal year 2025. This represents a 67% decrease from $6.2M in 2019.

Humacyte, Inc. (HUMA) grew revenue by 0.0% over the past year. Growth has been modest.

Humacyte, Inc. (HUMA) reported a net loss of $97.6M for fiscal year 2025.

Dividend & Returns

Humacyte, Inc. (HUMA) has a return on equity (ROE) of -1313.4%. Negative ROE indicates the company is unprofitable.

Humacyte, Inc. (HUMA) had negative free cash flow of $102.4M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in HUMA back in 2019?

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