Connect Biopharma Holdings (CNTB) Free Cash Flow (2024 - 2026)

Connect Biopharma Holdings (CNTB) posted quarterly Free Cash Flow of -$16.0 million for Q1 2026, down 59.39% year-on-year from -$39.4 million in Q1 2025, and down 39.92% on a QoQ basis from -$11.4 million in Q4 2025.

Connect Biopharma Holdings (CNTB) Free Cash Flow (2024 - 2026) Analysis & Trends

Connect Biopharma Holdings (CNTB) has reported Free Cash Flow for 3 consecutive years, with -$16.0 million the latest figure, recorded in Q1 2026.

  • Quarterly Free Cash Flow fell 59.39% year-over-year to -$16.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$57.8 million (down 70.88% YoY) and the FY2025 annual result came in at -$51.8 million, down 112.67% from the prior year.
  • Free Cash Flow slipped to -$16.0 million in Q1 2026 per CNTB's latest filing, from -$11.4 million in the prior quarter.
  • Over the last five years, Free Cash Flow for CNTB reached as high as -$592000.0 in Q1 2024 and fell as low as -$17.4 million in Q3 2025.
  • A 3-year average of -$10.2 million and a median of -$11.4 million in 2025 frame the typical range for Free Cash Flow.
  • The largest YoY upside for Free Cash Flow was 32.58% in 2025 against a maximum downside of 1595.95% in 2025.
  • Year by year, Free Cash Flow stood at -$2.6 million in 2024, then plunged by 334.54% to -$11.4 million in 2025, then plunged by 39.92% to -$16.0 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered -$16.0 million, -$11.4 million, and -$17.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Oculis Holding AG 66,621.14 Bn 66,620.85 Bn - -19.58 Mn
2 Nanobiotix 1,915.18 Bn 1,915.11 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - -2.49 Mn
4 BeOne Medicines 471.27 Bn 466.48 Bn 1.35 Bn 158.09 Mn
5 Vertex Pharmaceuticals 121.81 Bn 114.57 Bn 2.59 Bn 1.29 Bn
6 Regeneron Pharmaceuticals 69.58 Bn 60.82 Bn 3.31 Bn 848.30 Mn
7 Belite Bio 62.72 Bn 62.72 Bn - -
8 Argenx Se 55.51 Bn 50.33 Bn 1.41 Bn -
9 Revolution Medicines 37.35 Bn 37.35 Bn - -354.95 Mn
10 Connect Biopharma Holdings 120.44 Mn 120.44 Mn - -16.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -16.00 Mn
Mar 31, 2026 -16.00 Mn
Dec 31, 2025 -11.44 Mn
Dec 31, 2025 -11.44 Mn
Sep 30, 2025 -17.44 Mn
Sep 30, 2025 -17.44 Mn
Jun 30, 2025 -12.89 Mn
Jun 30, 2025 -12.89 Mn
Mar 31, 2025 -10.04 Mn
Mar 31, 2025 -10.04 Mn
Dec 31, 2024 -2.63 Mn
Dec 31, 2024 -2.63 Mn
Sep 30, 2024 -13.15 Mn
Sep 30, 2024 -13.15 Mn
Jun 30, 2024 -7.98 Mn
Jun 30, 2024 -7.98 Mn
Mar 31, 2024 -592,000.00
Mar 31, 2024 -592,000.00