MBX Biosciences (MBX) Free Cash Flow (2023 - 2026)

MBX Biosciences' (MBX) quarterly Free Cash Flow came in at -$20.6 million in Q1 2026, up 10.94% year-on-year from -$18.6 million in Q1 2025, and down 8.12% quarter-over-quarter from -$19.1 million in Q4 2025.

MBX Biosciences (MBX) Free Cash Flow (2023 - 2026) Analysis & Trends

MBX Biosciences has disclosed Free Cash Flow across 4 years of filings, most recently posting -$20.6 million for Q1 2026.

  • Free Cash Flow for Q1 2026 came in at -$20.6 million, up 10.94% year-over-year; the trailing twelve-month figure through Mar 2026 was -$79.3 million (down 16.7% YoY), and the FY2025 annual result was -$81.9 million, down 47.38% from the prior year.
  • Free Cash Flow came in at -$20.6 million for Q1 2026 at MBX Biosciences, down from -$19.1 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of -$10.7 million in Q1 2024 to a low of -$23.2 million in Q1 2025.
  • The 4-year median for Free Cash Flow is -$17.3 million (2024), against an average of -$16.9 million.
  • Across the five-year window, Free Cash Flow slumped 115.75% in 2025 and gained 10.94% in 2026, its largest moves.
  • MBX Biosciences' Free Cash Flow stood at -$11.2 million in 2023, then sank by 51.33% to -$16.9 million in 2024, then dropped by 13.02% to -$19.1 million in 2025, then slipped by 8.12% to -$20.6 million in 2026.
  • The last three Free Cash Flow figures came in at -$20.6 million (Q1 2026), -$19.1 million (Q4 2025), and -$21.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Alterity Therapeutics 762,369.55 Bn 762,369.51 Bn - -
2 Belite Bio 55,096.00 Bn 55,096.00 Bn - -
3 Quantum Biopharma 17,755.80 Bn 17,755.79 Bn - -1.67 Mn
4 Legend Biotech 3,486.00 Bn 3,485.71 Bn 242.10 Mn -12.20 Mn
5 Akari Therapeutics 1,737.42 Bn 1,737.41 Bn - -2.49 Mn
6 Evaxion A 1,551.28 Bn 1,551.26 Bn - -
7 Psyence Biomedical 227.32 Bn 227.31 Bn - -
8 Vertex Pharmaceuticals 110.84 Bn 103.59 Bn 2.59 Bn 1.29 Bn
9 Abivax 91.71 Bn 91.71 Bn - 63,220.27
10 MBX Biosciences 1.44 Bn 1.44 Bn - -20.65 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -20.65 Mn
Mar 31, 2026 -20.65 Mn
Dec 31, 2025 -19.09 Mn
Dec 31, 2025 -19.09 Mn
Sep 30, 2025 -21.94 Mn
Sep 30, 2025 -21.94 Mn
Jun 30, 2025 -17.67 Mn
Jun 30, 2025 -17.67 Mn
Mar 31, 2025 -23.18 Mn
Mar 31, 2025 -23.18 Mn
Dec 31, 2024 -16.90 Mn
Dec 31, 2024 -16.90 Mn
Sep 30, 2024 -14.61 Mn
Sep 30, 2024 -14.61 Mn
Jun 30, 2024 -13.31 Mn
Jun 30, 2024 -13.31 Mn
Mar 31, 2024 -10.74 Mn
Mar 31, 2024 -10.74 Mn
Dec 31, 2023 -11.16 Mn
Dec 31, 2023 -11.16 Mn