Zenas BioPharma (ZBIO) EBT (2023 - 2026)

Zenas BioPharma (ZBIO) recorded quarterly EBT of -$81.0 million in Q1 2026, up 67.74% quarter-over-quarter from -$251.0 million in Q4 2025, and down 139.76% on a YoY basis from $203.7 million in Q1 2025.

Zenas BioPharma (ZBIO) EBT (2023 - 2026) Analysis & Trends

Zenas BioPharma's EBT history runs 4 years deep, the most recent figure standing at -$81.0 million for Q1 2026.

  • In Q1 2026, EBT fell 139.76% year-over-year to -$81.0 million; the TTM figure through Mar 2026 stood at -$435.7 million (down 161.07% YoY), while the FY2025 annual figure was -$388.5 million, down 141.43% from the prior year.
  • EBT was -$81.0 million for Q1 2026 at Zenas BioPharma, up from -$251.0 million in the prior quarter.
  • In the past five years, EBT ranged from a high of $35.6 million in Q3 2023 to a low of -$251.0 million in Q4 2025.
  • Historically, EBT has averaged -$56.3 million across 4 years, with a median of -$38.6 million in 2024.
  • Biggest YoY gain for EBT was 21.5% in 2025; the steepest drop was 344.03% in 2025.
  • A 4-year view of EBT shows it stood at -$24.8 million in 2023, then tumbled by 128.15% to -$56.5 million in 2024, then sank by 344.03% to -$251.0 million in 2025, then jumped by 67.74% to -$81.0 million in 2026.
  • The last three EBT figures came in at -$81.0 million (Q1 2026), -$251.0 million (Q4 2025), and -$51.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -26.94 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn 19.60 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.18 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -15.31 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -1.50 Mn
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.25 Bn
9 Abivax 91.96 Bn 91.96 Bn - -56.48 Mn
10 Zenas BioPharma 1.10 Bn 379.43 Mn - -80.99 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -80.99 Mn
Dec 31, 2025 -251.03 Mn
Sep 30, 2025 -51.50 Mn
Jun 30, 2025 -52.20 Mn
Mar 31, 2025 -33.78 Mn
Dec 31, 2024 -56.53 Mn
Sep 30, 2024 -38.61 Mn
Jun 30, 2024 -37.98 Mn
Mar 31, 2024 -27.80 Mn
Dec 31, 2023 -24.78 Mn
Sep 30, 2023 35.62 Mn