Growth Metrics

HCW Biologics (HCWB) EBITDA (2020 - 2025)

HCW Biologics (HCWB) has disclosed EBITDA for 6 consecutive years, with -$3.3 million as the latest value for Q3 2025.

  • For the quarter ending Q3 2025, EBITDA rose 10.65% year-over-year to -$3.3 million, compared with a TTM value of -$11.9 million through Sep 2025, up 68.0%, and an annual FY2024 reading of -$29.5 million, down 14.63% over the prior year.
  • EBITDA was -$3.3 million for Q3 2025 at HCW Biologics, up from -$3.4 million in the prior quarter.
  • Across five years, EBITDA topped out at -$1.9 million in Q1 2022 and bottomed at -$15.1 million in Q2 2024.
  • Average EBITDA over 5 years is -$4.9 million, with a median of -$3.7 million recorded in 2024.
  • The sharpest move saw EBITDA plummeted 235.57% in 2024, then surged 77.25% in 2025.
  • Year by year, EBITDA stood at -$3.1 million in 2021, then tumbled by 82.08% to -$5.7 million in 2022, then tumbled by 90.01% to -$10.8 million in 2023, then skyrocketed by 70.6% to -$3.2 million in 2024, then decreased by 4.0% to -$3.3 million in 2025.
  • Business Quant data shows EBITDA for HCWB at -$3.3 million in Q3 2025, -$3.4 million in Q2 2025, and -$2.0 million in Q1 2025.