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

MBX Biosciences (MBX) reported Free Cash Flow of -$20.6 million for Q1 2026, up 10.94% on a YoY basis from -$18.6 million in Q1 2025, and down 20.09% sequentially from -$17.2 million in Q4 2025.

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

MBX Biosciences (MBX) has 4 years of Free Cash Flow data on file, last reported at -$20.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow rose 10.94% year-over-year to -$20.6 million; the trailing twelve-month figure through Mar 2026 stood at -$77.4 million (down 14.3% YoY), and the FY2025 full-year result was -$80.0 million, down 43.96% from the prior year.
  • Free Cash Flow fell to -$20.6 million in Q1 2026, from -$17.2 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of -$11.0 million in Q1 2024 to a low of -$23.2 million in Q1 2025.
  • A 4-year average of -$16.7 million and a median of -$16.7 million in 2024 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow tumbled 111.05% in 2025 and gained 10.94% in 2026, its largest moves.
  • Tracing MBX's Free Cash Flow over 4 years: stood at -$11.3 million in 2023, then tumbled by 43.05% to -$16.1 million in 2024, then dropped by 6.58% to -$17.2 million in 2025, then decreased by 20.09% to -$20.6 million in 2026.
  • Business Quant data shows MBX's Free Cash Flow at -$20.6 million in Q1 2026, -$17.2 million in Q4 2025, and -$21.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -19.58 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 158.09 Mn
4 NuCana 279.75 Bn 279.75 Bn - -1.53 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.29 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 848.30 Mn
7 Belite Bio 62.51 Bn 62.51 Bn - -
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn -
9 Revolution Medicines 37.78 Bn 37.78 Bn - -354.95 Mn
10 MBX Biosciences 2.96 Bn 2.96 Bn - -20.65 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -20.65 Mn
Mar 31, 2026 -20.65 Mn
Dec 31, 2025 -17.19 Mn
Dec 31, 2025 -17.19 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 -16.13 Mn
Dec 31, 2024 -16.13 Mn
Sep 30, 2024 -15.38 Mn
Sep 30, 2024 -15.38 Mn
Jun 30, 2024 -13.07 Mn
Jun 30, 2024 -13.07 Mn
Mar 31, 2024 -10.98 Mn
Mar 31, 2024 -10.98 Mn
Dec 31, 2023 -11.28 Mn
Dec 31, 2023 -11.28 Mn