Zenas BioPharma (ZBIO) Free Cash Flow (2023 - 2026)
Zenas BioPharma (ZBIO) posted quarterly Free Cash Flow of -$75.2 million for Q1 2026, down 102.86% year-over-year from $2.6 billion in Q1 2025, and down 43.47% quarter-over-quarter from -$52.4 million in Q4 2025.
Zenas BioPharma (ZBIO) Free Cash Flow (2023 - 2026) Analysis & Trends
Zenas BioPharma's Free Cash Flow history runs 4 years deep, the most recent figure standing at -$75.2 million for Q1 2026.
- In Q1 2026, Free Cash Flow fell 102.86% year-over-year to -$75.2 million; the TTM figure through Mar 2026 stood at -$210.5 million (down 52.8% YoY), while the FY2025 annual figure was -$172.4 million, down 43.86% from the prior year.
- Free Cash Flow for Q1 2026 stood at -$75.2 million, down from -$52.4 million in the prior quarter.
- The five-year high for Free Cash Flow was -$15.4 million in Q4 2023, with the low at -$75.2 million in Q1 2026.
- The 4-year median for Free Cash Flow is -$37.8 million (2024), against an average of -$38.3 million.
- The sharpest annual moves came in 2024 and 2025: Free Cash Flow sank 150.83% in 2024, then sank 32.41% in 2025.
- Zenas BioPharma's Free Cash Flow stood at -$15.4 million in 2023, then tumbled by 150.83% to -$38.6 million in 2024, then plunged by 35.69% to -$52.4 million in 2025, then tumbled by 43.47% to -$75.2 million in 2026.
- Business Quant data shows ZBIO's Free Cash Flow at -$75.2 million in Q1 2026, -$52.4 million in Q4 2025, and -$41.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 128.13 Bn | 120.28 Bn | 2.84 Bn | 1.01 Bn |
| 2 | Regeneron Pharmaceuticals | 112.33 Bn | 104.33 Bn | 3.93 Bn | 572.80 Mn |
| 3 | Argenx Se | 53.24 Bn | 48.05 Bn | 1.41 Bn | - |
| 4 | Revolution Medicines | 43.64 Bn | 43.64 Bn | - | -389.61 Mn |
| 5 | BeOne Medicines | 39.27 Bn | 34.17 Bn | 1.53 Bn | 437.80 Mn |
| 6 | MindWalk Holdings | 35.32 Bn | 35.31 Bn | 1.82 Bn | -2.33 Mn |
| 7 | Royalty Pharma | 33.72 Bn | 35.84 Bn | - | 477.44 Mn |
| 8 | Alnylam Pharmaceuticals | 30.58 Bn | 27.27 Bn | 992.69 Mn | 292.04 Mn |
| 9 | Insmed | 27.01 Bn | 25.85 Bn | 358.27 Mn | -95.09 Mn |
| 10 | Zenas BioPharma | 1.87 Bn | 748.44 Mn | - | -57.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -57.24 Mn |
| Jun 30, 2026 | -57.24 Mn |
| Mar 31, 2026 | -75.20 Mn |
| Mar 31, 2026 | -75.20 Mn |
| Dec 31, 2025 | -52.41 Mn |
| Dec 31, 2025 | -52.41 Mn |
| Sep 30, 2025 | -41.13 Mn |
| Sep 30, 2025 | -41.13 Mn |
| Jun 30, 2025 | -41.74 Mn |
| Jun 30, 2025 | -41.74 Mn |
| Mar 31, 2025 | -37.07 Mn |
| Mar 31, 2025 | -37.07 Mn |
| Dec 31, 2024 | -38.63 Mn |
| Dec 31, 2024 | -38.63 Mn |
| Sep 30, 2024 | -31.06 Mn |
| Sep 30, 2024 | -31.06 Mn |
| Jun 30, 2024 | -30.99 Mn |
| Jun 30, 2024 | -30.99 Mn |
| Mar 31, 2024 | -19.12 Mn |
| Mar 31, 2024 | -19.12 Mn |