Tango Therapeutics, Inc. income statement
In fiscal 2025, Tango Therapeutics, Inc. reported revenue of $62.4m, up 48.3% on the year before, operating income of −$111m (a -178.4% margin) and net income of −$102m, or −$0.87 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 8 | 37 | 25 | 37 | 42 | 62 | 54 |
| Research and development | 50 | 78 | 106 | 115 | 144 | 132 | 134 |
| General and administrative | 10 | 18 | 30 | 36 | 44 | 42 | 57 |
| Operating income | −52 | −58 | −111 | −114 | −146 | −111 | −136 |
| Net interest income | 0 | 0 | 1 | 7 | 8 | 6 | 9 |
| Income before tax | −52 | −58 | −108 | −102 | −130 | −102 | −124 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | −0 |
| Net income | −52 | −58 | −108 | −102 | −130 | −102 | −124 |
| Diluted EPS | −$0.81 | −$0.94 | −$1.23 | −$1.08 | −$1.19 | −$0.87 | −$0.92 |
| Diluted shares (average) | 64m | 62m | 88m | 95m | 109m | 116m | 134m |
| EBITDA | −51 | −57 | −109 | −112 | −143 | −109 | −134 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 4 | 5 | 3 | 54 | 0 | 0 | 0 |
| Research and development | 33 | 34 | 36 | 33 | 31 | 32 | 34 | 37 |
| General and administrative | 11 | 11 | 11 | 11 | 9 | 10 | 15 | 23 |
| Operating income | −33 | −41 | −43 | −41 | 14 | −42 | −49 | −60 |
| Net interest income | 2 | 2 | 2 | 1 | 1 | 2 | 2 | 4 |
| Income before tax | −29 | −38 | −40 | −39 | 16 | −39 | −46 | −55 |
| Income tax | 0 | 0 | 0 | 0 | −0 | −0 | 0 | 0 |
| Net income | −29 | −38 | −40 | −39 | 16 | −39 | −46 | −55 |
| Diluted EPS | −$0.27 | −$0.34 | −$0.36 | −$0.35 | $0.13 | −$0.30 | −$0.32 | −$0.37 |
| EBITDA | −32 | −40 | −42 | −40 | 15 | −41 | −48 | −59 |
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