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Tango Therapeutics TNGX Collaboration Revenue — Contract With Customer Liability Revenue Recognized

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Other financials

Income statement

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Revenue--100%
Operating income-$48.8M-14.7%
Net income-$45.5M-14.1%
EPS (diluted)-$0.32+11.1%

Balance sheet

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Cash & equivalents$160.0M+162%
Total debt$32.8M-11.3%
Total equity$391.5M+135%
Total assets$435.8M+58.9%

Cash flow

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Operating cash flow-$44.4M-6.4%
CapEx-$2.0K-104%
Free cash flow-$44.4M-6.3%

Valuation

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Market cap$4.74B+1,915%
Enterprise value$4.61B+2,204%
P/S83.2×+77.5×

Profitability

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Operating margin-206.2%-61.0pp
Net margin-188.2%-55.4pp
FCF margin-250.1%-49.4pp

Returns & leverage

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Return on equity-38.4%-10.5pp
Debt / equity0.1×-0.1×
Current ratio27.4×+21.1×

Where this comes from

Reported directly by Tango Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityRevenueRecognized.

The official record: Tango Therapeutics’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tango Therapeutics's collaboration revenue — contract with customer liability revenue recognized?
Tango Therapeutics (TNGX) reported collaboration revenue — contract with customer liability revenue recognized of $0 in Q1 2026.
How has Tango Therapeutics's collaboration revenue — contract with customer liability revenue recognized changed year-over-year?
Tango Therapeutics's collaboration revenue — contract with customer liability revenue recognized decreased by 100.0% year-over-year, from $5.4M to $0.
What is the long-term trend for Tango Therapeutics's collaboration revenue — contract with customer liability revenue recognized?
Over 4 years (2021 to 2025), Tango Therapeutics's collaboration revenue — contract with customer liability revenue recognized has grown at a 24.5% compound annual growth rate (CAGR), from $26M to $62.4M.
What does collaboration revenue — contract with customer liability revenue recognized mean?
This metric represents the portion of deferred revenue recognized during the period resulting from the satisfaction of performance obligations under collaborative research and development agreements. It reflects the conversion of upfront payments or milestone-related liabilities into recognized revenue as the company fulfills its contractual obligations to partners. This measure is critical for assessing the pace at which the company achieves technical or clinical milestones within its strategic partnerships.