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Segments

By segment

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JADE101$15.42M+57.9%
JADE201$2.88M-44.2%

Other financials

Income statement

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Operating income-$43.4M-85.8%
Net income-$40.4M-5.8%
EPS (diluted)-$0.57+95.3%

Balance sheet

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Cash & equivalents$55.1M+24.6%
Total debt$808.0K+159%
Total equity$296.5M+455%
Total assets$319.4M+312%

Cash flow

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Operating cash flow-$24.1M-28.4%
CapEx$3.0K
Free cash flow-$33.7M

Valuation

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Market cap$1.35B+436%
Enterprise value$1.3B+3,925%

Returns & leverage

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Return on equity-132.5%+120pp
Debt / equity
Current ratio14.3×-17.7×

Where this comes from

Reported directly by Jade Biosciences in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Jade Biosciences’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:27 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-212088
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Operating expenses:
Research and development(1)$36,053$20,023
General and administrative(2)7,3923,361
Total operating expenses43,44523,384
Loss from operations(43,445)(23,384)
Other income (expense):
Interest income3,102615
Change in fair value of Convertible Notes payable(3)(15,400)

Item 1. Financial Statements.

FAQ

What is Jade Biosciences's R&D?
Jade Biosciences (JBIO) reported R&D of $36.05M in Q1 2026.
How has Jade Biosciences's R&D changed year-over-year?
Jade Biosciences's R&D increased by 80.1% year-over-year, from $20.02M to $36.05M.
What is the long-term trend for Jade Biosciences's R&D?
Over 4 years (2021 to 2025), Jade Biosciences's R&D has grown at a 57.9% compound annual growth rate (CAGR), from $14.99M to $93.12M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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