Crescent Biopharma, Inc. income statement
In fiscal 2025, Crescent Biopharma, Inc. reported revenue of $10.8m, up 108340.0% on the year before, operating income of −$153m (a -1407.5% margin) and net income of −$154m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 4 | 15 | 20 | 0 | 10 | 1 | 0 | 0 | 11 |
| Research and development | 9 | 12 | 20 | 25 | 23 | 45 | 47 | 28 | 20 | 138 |
| Selling, general and administrative | 2 | 3 | 7 | — | — | — | — | — | — | — |
| General and administrative | — | — | — | 8 | 9 | 17 | 17 | 19 | 19 | 25 |
| Operating income | 4 | −11 | −11 | −13 | −32 | −52 | −63 | −47 | −39 | −153 |
| Interest expense | — | — | — | — | — | — | — | — | — | 2 |
| Income before tax | — | — | — | — | — | — | — | — | — | −152 |
| Income tax | — | — | — | — | — | — | — | — | — | 2 |
| Net income | 4 | −11 | −11 | −13 | −32 | −51 | −63 | −47 | −37 | −154 |
| Diluted EPS | $0.02 | −$0.59 | −$0.60 | −$0.67 | −$1.50 | −$1.12 | −$1.23 | −$0.89 | −$0.58 | — |
| Diluted shares (average) | 165m | 18m | 18m | 19m | 21m | 46m | 51m | 53m | 63m | — |
| EBITDA | 4 | −10 | −11 | −13 | −32 | −51 | −63 | −47 | −39 | −153 |
| Quarter | 2022 Q2Jun 2022 | 2022 Q3Sept 2022 | 2022 Q4Dec 2022 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Research and development | 8 | 5 | 6 | 14 | 11 | 12 | 18 | 19 |
| General and administrative | 5 | 4 | 5 | 3 | 4 | 9 | 8 | 9 |
| Operating income | −13 | −9 | −11 | −17 | −14 | −21 | −25 | −26 |
| Interest expense | — | — | — | 1 | 1 | 1 | 0 | 0 |
| Income before tax | — | — | — | −18 | — | — | — | — |
| Income tax | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Net income | −13 | −9 | −10 | −18 | −15 | −22 | −23 | −25 |
| Diluted EPS | −$0.25 | −$0.16 | −$0.19 | −$0.11 | — | — | — | — |
| EBITDA | −13 | −9 | −11 | −17 | −14 | −21 | −25 | −26 |
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