Whitehawk Therapeutics, Inc. income statement
In fiscal 2025, Whitehawk Therapeutics, Inc. reported revenue of $7.1m, down 72.5% on the year before, operating income of −$114m (a -1601.1% margin) and net income of −$20.6m, or −$0.33 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 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20 | 0 | 14 | 14 | 15 | 24 | 26 | 7 | 0 |
| Cost of revenue | — | — | — | 0 | 1 | 3 | 3 | 1 | 0 |
| Gross profit | — | — | — | 14 | 14 | 22 | 23 | 6 | 0 |
| Research and development | 18 | 13 | 15 | 20 | 33 | 49 | 51 | 91 | 63 |
| Selling, general and administrative | — | — | — | 19 | 40 | 45 | 37 | 30 | 23 |
| General and administrative | 13 | 10 | 2 | — | — | — | — | — | — |
| Operating income | −11 | −24 | −3 | −111 | −63 | −72 | −67 | −114 | −86 |
| Interest expense | — | — | 1 | 1 | 0 | 0 | 0 | 0 | — |
| Provision for credit losses | — | — | 0 | 0 | — | — | — | — | — |
| Income before tax | — | — | −3 | −110 | −61 | −66 | −64 | −21 | — |
| Income tax | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −10 | −23 | −3 | −110 | −61 | −66 | −64 | −21 | −80 |
| Diluted EPS | −$0.31 | −$8.55 | −$1.76 | −$12.41 | −$2.69 | −$2.44 | −$2.36 | −$0.33 | −$1.10 |
| Diluted shares (average) | 2m | 3m | 3m | 9m | 23m | 27m | 27m | 62m | 73m |
| EBITDA | −11 | −24 | −3 | −111 | −63 | −72 | −67 | −114 | −86 |
| 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 | 7 | 7 | 7 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Gross profit | 6 | 6 | 6 | 0 | 0 | 0 | 0 | 0 |
| Research and development | 10 | 14 | 9 | 49 | 14 | 19 | 17 | 13 |
| Selling, general and administrative | 7 | 11 | 13 | 6 | 5 | 6 | 6 | 5 |
| Operating income | −13 | −19 | −15 | −55 | −20 | −25 | −24 | −18 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Income before tax | — | — | 73 | −53 | — | — | −22 | −17 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −13 | −18 | 73 | −53 | −18 | −23 | −22 | −17 |
| Diluted EPS | −$0.46 | −$0.68 | $1.83 | −$0.76 | −$0.26 | −$0.37 | −$0.32 | −$0.20 |
| EBITDA | −13 | −19 | −15 | −55 | −20 | −25 | −24 | −18 |
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