NASDAQ : CNTB
Connect Biopharma Holdings Limited — Financial statements
Healthcare · Biotechnology · United States
Last price 0.8022 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 50.52M
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Financial statements
Connect Biopharma Holdings Limited (CNTB) reported revenue of 2.95M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.95M | 64.00K | 26.03M | |||
| Gross Profit | 2.95M | 64.00K | 26.03M | |||
| Selling, General & Admin | 19.67M | 20.34M | 17.43M | 16.05M | 20.81M | 19.01M |
| Research & Development | 53.70M | 37.80M | 27.86M | 53.00M | 96.63M | 80.50M |
| Other Operating Expenses | -1.08M | -1.85M | ||||
| Operating Expenses | 73.37M | 58.14M | 45.28M | 69.06M | 116.36M | 97.66M |
| Operating Income | -70.41M | -58.07M | -19.25M | -69.06M | -116.36M | -97.66M |
| Interest Expense | -21.00K | -7.00K | ||||
| Interest & Investment Income | 1.50M | 2.27M | 4.45M | 5.22M | 1.81M | 165.00K |
| Currency Exchange Gain (Loss) | 1.47M | -516.00K | ||||
| Other Non Operating Income (Expenses) | 117.00K | 523.00K | 2.59M | 1.85M | -103.98M | |
| EBT Excluding Unusual Items | -68.80M | -55.28M | -12.21M | -61.99M | -113.09M | -202.00M |
| Asset Writedown | -4.70M | |||||
| Other Unusual Items | -3.20M | |||||
| Pretax Income | -68.80M | -55.28M | -15.40M | -61.99M | -117.79M | -202.00M |
| Income Tax Expense | 196.00K | 197.00K | 223.00K | 120.00K | 298.00K | 266.00K |
| Earnings From Continuing Operations | -68.99M | -55.48M | -15.63M | -62.11M | -118.09M | -202.27M |
| Net Income | -68.99M | -55.48M | -15.63M | -62.11M | -118.09M | -202.27M |
| Net Income to Common | -68.99M | -55.48M | -15.63M | -62.11M | -118.09M | -202.27M |
| Shares Outstanding (Basic) | 57.81M | 55.66M | 55.21M | 55.07M | 55.04M | 52.18M |
| Shares Outstanding (Diluted) | 57.81M | 55.66M | 55.21M | 55.07M | 55.04M | 52.18M |
| EPS (Basic) | -1.19 | -1.00 | -0.28 | -1.13 | -2.15 | -3.88 |
| EPS (Diluted) | -1.19 | -1.00 | -0.28 | -1.13 | -2.15 | -3.88 |
| Free Cash Flow | -60.63M | -51.64M | -24.36M | -47.82M | -105.92M | -88.16M |
| Free Cash Flow Per Share | -1.05 | -0.93 | -0.44 | -0.87 | -1.92 | -1.69 |
| Gross Margin | 100.00% | 100.00% | 100.00% | |||
| Operating Margin | -2,384.49% | -90,740.62% | -73.95% | |||
| Profit Margin | -2,336.30% | -86,687.50% | -60.03% | |||
| Free Cash Flow Margin | -2,053.27% | -80,687.50% | -93.58% | |||
| EBITDA | -69.73M | -57.37M | -18.59M | -68.34M | -115.62M | -97.17M |
| EBITDA Margin | -71.42% | |||||
| D&A For EBITDA | 685.00K | 704.00K | 660.00K | 720.00K | 732.00K | 493.00K |
| EBIT | -70.41M | -58.07M | -19.25M | -69.06M | -116.36M | -97.66M |
| EBIT Margin | -73.95% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 27.02M | 38.34M | 78.23M | 105.66M | 79.01M | 267.72M |
| Short-Term Investments | 4.47M | 6.00M | 15.48M | 12.64M | 73.46M | |
| Cash & Short-Term Investments | 31.49M | 44.34M | 93.71M | 118.30M | 152.47M | 267.72M |
| Accounts Receivable | 2.94M | 13.00K | 789.00K | |||
| Other Receivables | 22.00K | 148.00K | 262.00K | 351.00K | 7.41M | |
| Receivables | 2.96M | 161.00K | 1.05M | 351.00K | 7.41M | |
| Prepaid Expenses | 4.18M | 6.43M | 2.20M | 3.85M | 3.31M | |
| Other Current Assets | 54.00K | |||||
| Total Current Assets | 38.62M | 50.93M | 96.96M | 122.55M | 155.78M | 275.13M |
| Property, Plant & Equipment | 4.16M | 4.46M | 4.24M | 4.74M | 8.47M | 12.89M |
| Long-Term Investments | 9.44M | |||||
| Other Intangible Assets | 42.00K | 45.00K | 53.00K | 62.00K | 72.00K | 88.00K |
| Other Long-Term Assets | 646.00K | 646.00K | 33.00K | 24.00K | 252.00K | 2.95M |
| Total Assets | 43.47M | 56.08M | 101.28M | 127.38M | 174.01M | 291.05M |
| Accounts Payable | 2.02M | 1.96M | 342.00K | 2.21M | 11.94M | 12.73M |
| Accrued Expenses | 13.89M | 11.16M | 7.80M | 9.48M | 2.96M | |
| Current Portion of Leases | 393.00K | 322.00K | 154.00K | 285.00K | 186.00K | 99.00K |
| Current Unearned Revenue | 167.00K | 164.00K | 13.32M | |||
| Other Current Liabilities | 537.00K | 5.15M | ||||
| Total Current Liabilities | 16.30M | 13.61M | 8.46M | 25.29M | 15.62M | 17.98M |
| Long-Term Leases | 203.00K | 368.00K | 24.00K | 180.00K | 245.00K | 26.00K |
| Long-Term Unearned Revenue | 652.00K | 784.00K | ||||
| Other Long-Term Liabilities | 107.00K | 114.00K | 632.00K | 405.00K | ||
| Total Liabilities | 16.61M | 14.10M | 9.12M | 25.88M | 16.52M | 18.80M |
| Common Stock | 11.00K | 10.00K | 10.00K | 10.00K | 10.00K | 10.00K |
| Additional Paid-In Capital | 465.51M | 444.18M | 439.36M | 432.40M | 628.66M | 628.64M |
| Retained Earnings | -437.52M | -400.83M | -345.36M | -329.73M | -479.84M | -361.75M |
| Treasury Stock | -180.00K | -180.00K | -180.00K | -180.00K | -180.00K | -180.00K |
| Comprehensive Income & Other | -962.00K | -1.19M | -1.67M | -1.01M | 8.85M | 5.54M |
| Shareholders' Equity | 26.86M | 41.98M | 92.17M | 101.50M | 157.49M | 272.26M |
| Total Liabilities & Equity | 43.47M | 56.08M | 101.28M | 127.38M | 174.01M | 291.05M |
| Total Debt | 596.00K | 690.00K | 178.00K | 465.00K | 431.00K | 125.00K |
| Net Cash (Debt) | 30.89M | 43.65M | 93.53M | 117.84M | 152.04M | 267.59M |
| Net Cash Per Share | 0.53 | 0.78 | 1.69 | 2.14 | 2.76 | 5.13 |
| Filing Date Shares Outstanding | 62.97M | 56.52M | 55.35M | 55.10M | 55.04M | 55.08M |
| Total Common Shares Outstanding | 62.97M | 56.44M | 55.35M | 55.10M | 55.04M | 55.08M |
| Working Capital | 22.32M | 37.32M | 88.50M | 97.26M | 140.16M | 257.14M |
| Book Value Per Share | 0.43 | 0.74 | 1.67 | 1.84 | 2.86 | 4.94 |
| Tangible Book Value | 26.82M | 41.94M | 92.11M | 101.44M | 157.42M | 272.17M |
| Tangible Book Value Per Share | 0.43 | 0.74 | 1.66 | 1.84 | 2.86 | 4.94 |
| Machinery | 6.24M | 5.85M | 5.68M | 5.83M | 5.77M | |
| Construction In Progress | 3.70M | |||||
| Leasehold Improvements | 859.00K | 830.00K | 626.00K | 762.00K | 733.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -68.99M | -55.48M | -15.63M | -62.11M | -118.09M | -202.27M |
| Depreciation & Amortization | 685.00K | 704.00K | 660.00K | 720.00K | 1.03M | 634.00K |
| Loss (Gain) From Sale of Assets | 3.00K | 37.00K | 9.00K | 102.00K | 39.00K | |
| Asset Writedown & Restructuring Costs | 232.00K | 4.70M | ||||
| Loss (Gain) From Sale of Investments | -246.00K | -773.00K | -123.00K | -1.70M | ||
| Stock-Based Compensation | 4.29M | 3.73M | 6.73M | 5.40M | 6.91M | 8.99M |
| Other Operating Activities | -2.52M | 104.70M | ||||
| Change in Accounts Receivable | -2.94M | 776.00K | -789.00K | 4.05M | -2.31M | |
| Change in Accounts Payable | -278.00K | 1.62M | -1.87M | -1.14M | -776.00K | 8.97M |
| Change in Unearned Revenue | -164.00K | 3.00K | -13.16M | 13.32M | ||
| Change in Other Net Operating Assets | 7.05M | -1.82M | 322.00K | -2.33M | 3.19M | -3.08M |
| Operating Cash Flow | -60.58M | -51.21M | -23.61M | -47.74M | -101.52M | -84.32M |
| Capital Expenditures | -50.00K | -434.00K | -750.00K | -81.00K | -4.41M | -3.83M |
| Sale of Property, Plant & Equipment | 2.00K | 2.00K | ||||
| Sale (Purchase) of Intangibles | 2.94M | -48.00K | ||||
| Investment in Securities | 26.91M | 10.25M | -2.70M | 72.12M | -81.84M | 2.12M |
| Other Investing Activities | -3.44M | |||||
| Investing Cash Flow | 26.86M | 9.82M | -3.45M | 74.98M | -86.24M | -5.21M |
| Long-Term Debt Repaid | -222.00K | -126.00K | ||||
| Lease Payments | -222.00K | -126.00K | ||||
| Net Debt Issued (Repaid) | -222.00K | -126.00K | ||||
| Issuance of Common Stock | 21.40M | 1.09M | 227.00K | 45.00K | 137.00K | 220.02M |
| Repurchase of Common Stock | -566.00K | |||||
| Other Financing Activities | -1.52M | -17.11M | ||||
| Financing Cash Flow | 19.88M | 1.09M | 227.00K | 45.00K | -85.00K | 202.22M |
| Foreign Exchange Rate Adjustments | 226.00K | 408.00K | -595.00K | -568.00K | -858.00K | 224.00K |
| Net Cash Flow | -13.62M | -39.89M | -27.43M | 26.72M | -188.71M | 112.91M |
| Free Cash Flow | -60.63M | -51.64M | -24.36M | -47.82M | -105.92M | -88.16M |
| Free Cash Flow Margin | -2,053.27% | -80,687.50% | -93.58% | |||
| Free Cash Flow Per Share | -1.05 | -0.93 | -0.44 | -0.87 | -1.92 | -1.69 |
| Levered Free Cash Flow | -34.71M | -30.65M | -21.10M | -25.55M | -67.55M | -46.03M |
| Unlevered Free Cash Flow | -34.71M | -30.65M | -21.10M | -25.55M | -67.54M | -46.02M |
| Free Cash Flow After Leases | -60.63M | -51.64M | -24.36M | -47.82M | -106.15M | -88.28M |
| Cash Income Tax Paid | 179.00K | 292.00K | 111.00K | 120.00K | ||
| Change in Working Capital | 3.67M | 580.00K | -15.49M | 9.85M | 6.46M | 3.58M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 50.52M | 157.65M | ||||
| Enterprise Value | 19.63M | 103.65M | ||||
| Last Close Price | 0.80 | 2.82 | ||||
| PS Ratio | 17.11 | 2,463.25 | ||||
| PB Ratio | 1.88 | 3.75 | ||||
| P/TBV Ratio | 1.88 | 3.76 | ||||
| EV/Sales Ratio | 6.65 | 1,619.50 | ||||
| Debt / Equity Ratio | 0.02 | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 |
| Net Debt / Equity Ratio | -1.15 | -1.04 | -1.01 | -1.16 | -0.96 | -0.98 |
| Net Debt / EBITDA Ratio | 0.44 | 0.76 | 5.03 | 1.72 | 1.31 | 2.75 |
| Net Debt / FCF Ratio | 0.51 | 0.84 | 3.84 | 2.46 | 1.44 | 3.04 |
| Asset Turnover | 0.05 | 0.00 | 0.23 | |||
| Quick Ratio | 2.11 | 3.27 | 11.20 | 4.69 | 9.76 | 15.30 |
| Current Ratio | 2.37 | 3.74 | 11.46 | 4.84 | 9.97 | 15.30 |
| Return on Equity (ROE) | -140.51% | -82.72% | -16.14% | -47.96% | -54.96% | -364.72% |
| Return on Assets (ROA) | -69.75% | -46.13% | -10.52% | -28.64% | -31.27% | -26.43% |
| Return on Capital Employed (ROCE) | -259.20% | -136.80% | -20.70% | -67.60% | -73.50% | -35.80% |
| Earnings Yield | -148.76% | -35.19% | ||||
| FCF Yield | -120.02% | -32.76% | ||||
| Buyback Yield / Dilution | -4.44% | -0.81% | -0.27% | -0.04% | -5.50% | -205.31% |