Zenas BioPharma (ZBIO) EBITDA (2023 - 2025)

Zenas BioPharma (ZBIO) has 3 years of EBITDA data on record, last reported at -$51.5 million in Q3 2025.

  • For Q3 2025, EBITDA fell 33.16% year-over-year to -$51.5 million; the TTM value through Sep 2025 reached -$190.0 million, down 47.26%, while the annual FY2024 figure was -$156.8 million, 323.34% down from the prior year.
  • EBITDA reached -$51.5 million in Q3 2025 per ZBIO's latest filing, up from -$52.5 million in the prior quarter.
  • Across five years, EBITDA topped out at $35.6 million in Q3 2023 and bottomed at -$52.5 million in Q4 2024.
  • Average EBITDA over 3 years is -$31.5 million, with a median of -$37.9 million recorded in 2024.
  • Peak YoY movement for EBITDA: tumbled 208.51% in 2024, then decreased 21.12% in 2025.
  • A 3-year view of EBITDA shows it stood at -$24.7 million in 2023, then plummeted by 112.63% to -$52.5 million in 2024, then grew by 1.89% to -$51.5 million in 2025.
  • Per Business Quant database, its latest 3 readings for EBITDA were -$51.5 million in Q3 2025, -$52.5 million in Q2 2025, and -$33.6 million in Q1 2025.