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BBNX BBNX Conversion Of Convertible Preferred Stock Upon Initial Public Offering

Conversion Of Convertible Preferred Stock Upon Initial Public Offering at other companies

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Oruka Therapeutics, Inc. logo
Oruka Therapeutics, Inc.ORKA
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Other financials

Income statement

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Revenue$27.6M+56.6%
Gross profit$16.4M+83.2%
Operating income-$24.3M-30.2%
Net income-$21.9M+23.6%
EPS (diluted)-$0.49+47.3%

Balance sheet

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Cash & equivalents$30.2M-28.9%
Total debt$6.9M-0.9%
Total equity$271.2M-13.5%
Total assets$304.4M-9.9%

Cash flow

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Operating cash flow-$23.8M-19.3%
CapEx$1.4M+314%
Free cash flow-$25.2M-24.1%

Valuation

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Market cap$708.98M-8.6%
Enterprise value$685.68M
P/S6.4×

Profitability

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Gross margin57.2%+3.2pp
Operating margin-70.1%-6.4pp
Net margin-60.3%-17.4pp
FCF margin-55.4%-14.3pp

Returns & leverage

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Return on equity-22.7%
Debt / equity0.0×
Current ratio10.7×-5.2×

Where this comes from

Reported directly by BBNX in its filing.

Tagged under the XBRL concept bbnx:ConversionOfConvertiblePreferredStockUponInitialPublicOffering.

The official record: BBNX’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BBNX's conversion of convertible preferred stock upon initial public offering?
BBNX (BBNX) reported conversion of convertible preferred stock upon initial public offering of $321.37M in Q1 2025.
What does conversion of convertible preferred stock upon initial public offering mean?
This non-cash activity records the conversion of preferred equity into common stock, typically triggered by an initial public offering. It highlights the simplification of the company's capital structure and the transition of investors from preferred to common equity holders.