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Other financials

Income statement

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Net income-$25.2M-58.7%
EPS (diluted)-$1.34-44.1%

Balance sheet

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Cash & equivalents$236.9M-22.8%
Total debt$4.9M+86.1%
Total equity$230.4M-23.5%
Total assets$246.6M-21.7%

Cash flow

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Operating cash flow-$18.4M-40.7%
CapEx$19.0K-29.6%
Free cash flow-$18.4M-40.6%

Valuation

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Market cap$639.46M+54.6%
Enterprise value$407.46M+219%

Returns & leverage

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Return on equity-31.4%
Debt / equity0.0×
Current ratio18.5×-4.4×

Where this comes from

Reported directly by Tectonic Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Tectonic Therapeutics’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:19 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-212016
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Research and development$20,871$13,036
General and administrative6,4305,262
Total operating expenses27,30118,298
Loss from operations(27,301)(18,298)
Other income (expense):
Interest income2,1812,444
Interest expense(8)(20)
Other expense(113)(32)

Item 1. Financial Statements.

FAQ

What is Tectonic Therapeutics's operating income?
Tectonic Therapeutics (TECX) reported operating income of -$27.3M in Q1 2026.
How has Tectonic Therapeutics's operating income changed year-over-year?
Tectonic Therapeutics's operating income decreased by 49.2% year-over-year, from -$18.3M to -$27.3M.
What is the long-term trend for Tectonic Therapeutics's operating income?
Over 4 years (2021 to 2025), Tectonic Therapeutics's operating income has grown at a -8.3% compound annual growth rate (CAGR), from -$118.84M to -$84.04M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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