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RNAZ logoTransCode Therapeutics, Inc.(RNAZ)Earnings, Financials & Key Ratios

RNAZ•NASDAQ
Price updated Jun 19, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryRNA and Genome Editing Developers
AboutTransCode Therapeutics, Inc., a biopharmaceutical company, engages in the development and commercialization of drugs and diagnostics for treating and identifying metastatic disease. Its lead therapeutic candidate, TTX-MC138, is a preclinical stage product for the treatment of metastatic cancer. The company's products in preclinical programs include TTX-siPDL1, an siRNA-based modulator of programmed death-ligand 1; TTX-siLIN28B, an siRNA-based inhibitor of RNA-binding protein LIN28B. Its cancer agnostic programs comprise TTX-RIGA, an RNA–based agonist of the RIG-I-driven immune response in the tumor microenvironment; TTX-CRISPR, a CRISPR/Cas9–based therapy platform for the repair or elimination of cancer-causing genes inside tumor cells; and TTX-mRNA, an mRNA-based platform for the development of cancer vaccines meant to activate cytotoxic immune responses against tumor cells. The company was incorporated in 2016 and is based in Boston, Massachusetts.Show more
  • Revenue$0
  • EBITDA-$28M-84.2%
  • Net Income-$35M-106.9%
  • EPS (Diluted)-52.59-11.6%
  • ROE-833.53%

RNAZ Key Insights

TransCode Therapeutics, Inc. (RNAZ) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Trading at only 0.3x book value

✗Weaknesses

  • ✗Profits declining 71.4% over 5 years
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Weak momentum: RS Rating 5 (bottom 5%)
  • ✗Shares diluted 93.7% in last year
  • ✗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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RNAZ Price & Volume

TransCode Therapeutics, Inc. (RNAZ) stock price & volume — 10-year historical chart

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RNAZ Growth Metrics

TransCode Therapeutics, Inc. (RNAZ) 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-58.19%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM49.31%

Return on Capital

10 Years-310.76%
5 Years-309%
3 Years-442.89%
Last Year-34.24%

RNAZ Recent Earnings

TransCode Therapeutics, Inc. (RNAZ) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (55%)
Q2 2026Latest
May 15, 2026
Metric
Actual
Est
EPS
$21.28
—
Rev
—
—
Q2 2026
Apr 15, 2026
Metric
Actual
Est
EPS
$16.42-62.9%
$10.08
Rev
—
—
Q4 2025
Nov 14, 2025
Metric
Actual
Est
EPS
$5.49+40.6%
$9.24
Rev
—
—
Q3 2025
Aug 14, 2025
Metric
Actual
Est
EPS
$4.94+43.1%
$8.68
Rev
—
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 15, 2026
$21.28
—
Q2 2026Apr 15, 2026
$16.42vs $10.08-62.9%
—
Q4 2025Nov 14, 2025
$5.49vs $9.24+40.6%
—
Q3 2025Aug 14, 2025
$4.94vs $8.68+43.1%
—
Based on last 12 quarters of dataView full earnings history →

RNAZ Peer Comparison

TransCode Therapeutics, Inc. (RNAZ) competitors in RNA and Genome Editing 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
ARWR logoARWRArrowhead Pharmaceuticals, Inc.Direct Competitor11.52B81.82-6706.56232.58%-48.38%-55.09%0.73
NTLA logoNTLAIntellia Therapeutics, Inc.Direct Competitor1.76B15.67-4.1116.92%-5.97%-57.27%0.14
SRPT logoSRPTSarepta Therapeutics, Inc.Direct Competitor1.85B17.53-2.4615.58%2.98%4.89%0.91
MRNA logoMRNAModerna, Inc.Product Competitor25.37B63.96-8.81-39.23%-143.55%-36.73%0.22
IONS logoIONSIonis Pharmaceuticals, Inc.Product Competitor12.25B74.12-31.1433.87%-30.87%-58.57%5.35
STRO logoSTROSutro Biopharma, Inc.Product Competitor286.74M29.63-1.3265.18%-154.21%
CRSP logoCRSPCRISPR Therapeutics AGSupply Chain5.22B54.09-8.36-89.97%-138.57%-30.88%0.21
BEAM logoBEAMBeam Therapeutics Inc.Supply Chain3.51B34.14-42.15120.01%-49.17%-5.89%0.24

Compare RNAZ vs Peers

TransCode Therapeutics, Inc. (RNAZ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ARWR

Most directly comparable listed peer for RNAZ.

Scale Benchmark

vs MRNA

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

Peer Set

Compare Top 5

vs ARWR, NTLA, SRPT, MRNA

RNAZ Income Statement

TransCode Therapeutics, Inc. (RNAZ) 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
00042.47K98.61K516.75K534.86K028.72K
COGS % of Revenue
---------
Gross Profit
0▲ 0%
0▲ 0%
0▲ 0%
-42.47K▲ 0%
-98.61K▼ 132.2%
-516.75K▼ 424.1%
-534.86K▼ 3.5%
0▲ 100.0%
-28.72K▲ 0%
Gross Margin %
---------
Gross Profit Growth %
-----132.18%-424.05%-3.5%100%-
Operating Expenses
384.52K456.87K726.6K6.11M18.57M18.9M15.13M27.98M32.11M
OpEx % of Revenue
---------
Selling, General & Admin
301.46K230.56K442.14K3.35M8.33M6.64M5.51M5.77M2.23B
SG&A % of Revenue
---------
Research & Development
82.53K226.31K284.46K2.75M10.23M12.26M9.62M13.42M5.12B
R&D % of Revenue
---------
Other Operating Expenses
00000008.79M0
Operating Income
-384K▲ 0%
-456.87K▼ 19.0%
-726.6K▼ 59.0%
-6.15M▼ 746.6%
-18.67M▼ 203.5%
-19.42M▼ 4.0%
-15.66M▲ 19.4%
-27.98M▼ 78.7%
-32.14M▲ 0%
Operating Margin %
---------
Operating Income Growth %
--18.98%-59.04%-746.56%-203.45%-4.03%19.35%-78.66%-
EBITDA
0-450.25K-1.95M-6.11M-18.57M-18.9M-15.13M-27.87M-32.05M
EBITDA Margin %
---------
EBITDA Growth %
---332.94%-213.37%-203.95%-1.8%19.98%-84.23%-112.28%
D&A (Non-Cash Add-back)
384K0042.47K98.61K516.75K534.86K114.18K86.94K
EBIT
-384K-450.25K-1.95M-6.75M-17.56M-18.49M-16.73M-34.43M-29.67M
Net Interest Income
0-156.93K-394.44K-94.41K-17.54M-50.61K-26.13K72.58K164.44K
Interest Income
68.92K3413666420.41K5.29K68479.2K170.94K
Interest Expense
0156.97K394.57K95.07K17.56M55.9K26.81K6.62K6.5K
Other Income/Expense
-69.44K-150.35K-1.62M-692.26K1.1M872.42K-1.09M-6.45M-7.77M
Pretax Income
-453.44K▲ 0%
-607.21K▼ 33.9%
-2.34M▼ 286.0%
-6.84M▼ 192.0%
-17.56M▼ 156.7%
-18.55M▼ 5.6%
-16.75M▲ 9.7%
-34.44M▼ 105.5%
-39.9M▲ 0%
Pretax Margin %
---------
Income Tax
0000000226.07K457.38K
Effective Tax Rate %
0%0%0%0%0%0%0%-0.66%-1.15%
Net Income
-453.44K▲ 0%
-607.21K▼ 33.9%
-2.34M▼ 286.0%
-6.84M▼ 192.0%
-17.56M▼ 156.7%
-18.55M▼ 5.6%
-16.75M▲ 9.7%
-34.66M▼ 106.9%
-40.36M▲ 0%
Net Margin %
---------
Net Income Growth %
--33.91%-286.01%-191.97%-156.67%-5.59%9.66%-106.87%-58.19%
Net Income (Continuing)
-453.44K-607.21K-2.34M-6.84M-17.56M-18.55M-16.75M-34.66M-40.36M
Discontinued Operations
000000000
Minority Interest
000000000
EPS (Diluted)
-2359.09▲ 0%
-72.00▲ 96.9%
-293.76▼ 308.0%
-648.00▼ 120.6%
-1080.00▼ 66.7%
-3453.53▼ 219.8%
-47.14▲ 98.6%
-52.59▼ 11.6%
-44.02▲ 0%
EPS Growth %
-96.95%-308%-120.59%-66.67%-219.77%98.63%-11.56%49.31%
EPS (Basic)
-2359.09-72.00-293.76-648.00-73187.37-3453.65-47.14-52.59-
Diluted Shares Outstanding
1926.41K7.98K10.53K16.22K5.42K356.12K689.71K916.97K
Basic Shares Outstanding
1926.41K7.98K10.53K16.22K5.42K356.12K689.71K916.97K
Dividend Payout Ratio
---------

RNAZ Balance Sheet

TransCode Therapeutics, Inc. (RNAZ) balance sheet — assets, liabilities & shareholders' equity

MetricDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets
214.65K204.47K831.22K22.73M7.38M4.46M7.09M21.98M16.75M
Cash & Short-Term Investments
212.98K204.47K828.02K20.83M4.98M2.77M5.81M17.81M12.84M
Cash Only
212.98K204.47K828.02K20.83M4.97M2.77M5.81M17.81M12.84M
Short-Term Investments
00009.41K0000
Accounts Receivable
00000003.25M2.3M
Days Sales Outstanding
---------
Inventory
000000000
Days Inventory Outstanding
---------
Other Current Assets
0001.84M1.02M1.14M517.48K529.04K1.02M
Total Non-Current Assets
012.27K224.15K206.27K208.58K714.26K201.16K140.41M140.42M
Property, Plant & Equipment
000206.27K208.58K602.4K89.31K370.68K346.75K
Fixed Asset Turnover
--------0.00x
Goodwill
000000025.74M25.74M
Intangible Assets
0000000114.3M114.3M
Long-Term Investments
012.27K0000000
Other Non-Current Assets
00224.15K00111.86K111.86K025K
Total Assets
214.65K▲ 0%
216.74K▲ 1.0%
1.06M▲ 386.9%
22.94M▲ 2073.5%
7.59M▼ 66.9%
5.17M▼ 31.9%
7.29M▲ 41.1%
162.4M▲ 2126.3%
157.16M▲ 0%
Asset Turnover
--------0.00x
Asset Growth %
-0.98%386.92%2073.5%-66.92%-31.87%41.1%2126.32%3321.63%
Total Current Liabilities
117.68K62.94K404.86K2.53M4.35M3.49M2.77M3.49M5.38M
Accounts Payable
027.26K02.02M002.58M05M
Days Payables Outstanding
---17.33K--1.76K-20.21K
Short-Term Debt
35.69K0000038.29K00
Deferred Revenue (Current)
00030.53K027.06K000
Other Current Liabilities
035.69K-1-2.02M0026.11K0128.5K
Current Ratio
1.82x3.25x2.05x8.97x1.70x1.28x2.56x6.29x3.11x
Quick Ratio
1.82x3.25x2.05x8.97x1.70x1.28x2.56x6.29x3.11x
Cash Conversion Cycle
---------
Total Non-Current Liabilities
600.93K1.25M4.06M0038.29K6.54M148.57M7.27M
Long-Term Debt
436.21K927.81K2.09M000000
Capital Lease Obligations
0000038.29K000
Deferred Tax Liabilities
0000000226.07K683.45K
Other Non-Current Liabilities
164.72K323.5K1.97M0006.54M148.34M6.81M
Total Liabilities
718.61K1.31M4.46M2.53M4.35M3.53M9.31M152.06M12.64M
Total Debt
471.9K927.81K2.09M00450.57K38.29K00
Net Debt
258.92K723.34K1.26M-20.83M-4.97M-2.32M-5.77M-17.81M-12.84M
Debt / Equity
-----0.27x--0.00x
Debt / EBITDA
---------0.00x
Net Debt / EBITDA
--------0.40x
Interest Coverage
--2.87x-4.94x-70.98x-1.00x-330.78x-623.88x-5203.81x-4563.50x
Total Equity
-503.97K▲ 0%
-1.1M▼ 117.8%
-3.41M▼ 210.5%
20.4M▲ 698.7%
3.24M▼ 84.1%
1.64M▼ 49.4%
-2.02M▼ 223.0%
10.34M▲ 612.0%
144.52M▲ 0%
Equity Growth %
--117.77%-210.54%698.68%-84.12%-49.37%-223.03%611.98%2267.29%
Book Value per Share
-2621.96-171.30-427.151937.37199.78302.49-5.6714.99157.61
Total Shareholders' Equity
-503.97K-1.1M-3.41M20.4M3.24M1.64M-2.02M10.34M144.52M
Common Stock
7647644641.29K2631039292
Retained Earnings
-510.78K-1.12M-3.46M-10.31M-27.87M-46.42M-63.2M-97.86M-115.65M
Treasury Stock
000000000
Accumulated OCI
-11.8K00000000
Minority Interest
000000000

RNAZ Cash Flow Statement

TransCode Therapeutics, Inc. (RNAZ) cash flow — operating, investing & free cash flow history

MetricDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
-299.57K-508.51K-492.97K-5.27M-15.76M-18.07M-13.34M-19.52M-4.99B
Operating CF Margin %
---------
Operating CF Growth %
--69.74%3.06%-968.4%-199.28%-14.67%26.22%-46.34%-160880.76%
Net Income
-453.44K-607.21K-2.34M-6.84M-17.56M-18.55M-16.75M-34.66M-40.36M
Depreciation & Amortization
00042.47K98.61K516.75K534.86K114.18K17.61M
Stock-Based Compensation
22.38K1.4K45.44K186K395.33K1.04M1.7M485.43K-95.71M
Deferred Taxes
000876.19K0000457.38M
Other Non-Cash Items
106.55K102.01K1.5M39.47K001.54M14.53M13.79B
Working Capital Changes
24.94K-4.7K309.76K432.39K1.31M-1.08M-351.48K15.57K2.59M
Change in Receivables
0000-360.23K360.23K0-952.46K322.44K
Change in Inventory
000000000
Change in Payables
0-54.74K191.25K2.29M1.84M0002.19M
Cash from Investing
000-251.82K-100.92K-35.61K-21.76K-4.44K-4.44K
Capital Expenditures
000-254.82K-100.92K-35.61K-21.76K-6.66K-6.66K
CapEx % of Revenue
---------
Acquisitions
0003K0002.22K2.22K
Investments
---------
Other Investing
000000000
Cash from Financing
512.43K500K1.12M25.52M5.99K15.91M16.4M31.52M22.67M
Debt Issued (Net)
550K500K1.19M000000
Equity Issued (Net)
00026.34M5.99K15.91M16.4M31.52M0
Dividends Paid
00000000-1.73B
Share Repurchases
000000000
Other Financing
-37.57K0-73.48K-818.55K00001.75B
Net Change in Cash
212.86K▲ 0%
-8.51K▼ 104.0%
623.54K▲ 7428.9%
20M▲ 3107.1%
-15.86M▼ 179.3%
-2.2M▲ 86.1%
3.04M▲ 238.3%
12M▲ 294.4%
-4.97B▲ 0%
Free Cash Flow
-299.57K▲ 0%
-508.51K▼ 69.7%
-492.97K▲ 3.1%
-5.52M▼ 1020.1%
-15.86M▼ 187.3%
-18.11M▼ 14.2%
-13.36M▲ 26.2%
-19.52M▼ 46.2%
-4.99B▲ 0%
FCF Margin %
---------
FCF Growth %
--69.74%3.06%-1020.09%-187.29%-14.16%26.24%-46.15%-39812.38%
FCF per Share
-1558.57-79.37-61.78-524.28-977.96-3338.63-37.51-28.31-5446.75
FCF Conversion (FCF/Net Income)
0.66x0.84x0.21x0.77x0.90x0.97x0.80x0.56x123.75x
Interest Paid
00017.87K032.86K16.63K00
Taxes Paid
000000000

RNAZ Key Ratios

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

Metric2019202020212022202320242025TTM
Return on Equity (ROE)
---80.53%-148.57%-759.85%--833.53%-99.39%
Return on Invested Capital (ROIC)
--------79.31%
Debt / Equity
----0.27x--0.00x
Interest Coverage
-2.87x-4.94x-70.98x-1.00x-330.78x-623.88x-5203.81x-4563.50x
FCF Conversion
0.84x0.21x0.77x0.90x0.97x0.80x0.56x123.75x
Related:RNAZ Dividend History·RNAZ Revenue History·RNAZ Price History·RNAZ P/E History·RNAZ Financial Ratios·RNAZ Institutional Holders

RNAZ SEC Filings & Documents

TransCode Therapeutics, Inc. (RNAZ) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 22, 2026·SEC

Material company update

Apr 7, 2026·SEC

Material company update

Mar 3, 2026·SEC

10-K Annual Reports

3
FY 2026

Apr 15, 2026·SEC

FY 2025

Apr 15, 2025·SEC

FY 2024

Apr 1, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 15, 2026·SEC

FY 2025

Nov 14, 2025·SEC

FY 2025

Aug 14, 2025·SEC

RNAZ Frequently Asked Questions

TransCode Therapeutics, Inc. (RNAZ) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

TransCode Therapeutics, Inc. (RNAZ) grew revenue by 0.0% over the past year. Growth has been modest.

TransCode Therapeutics, Inc. (RNAZ) reported a net loss of $40.4M for fiscal year 2025.

Dividend & Returns

TransCode Therapeutics, Inc. (RNAZ) has a return on equity (ROE) of -833.5%. Negative ROE indicates the company is unprofitable.

TransCode Therapeutics, Inc. (RNAZ) had negative free cash flow of $4.99B in fiscal year 2025, likely due to heavy capital investments.

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

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