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Tango Therapeutics TNGX Discovery Direct Program Expenses-RD — Research And Development Expense

Other segment segments

Personnel-Related Expenses-RD
$12.93M-6.6%
Vopimetostat Direct Program Expenses-RD
$9.33M+70.9%
Facilities And Other Related Expenses-RD
$4.34M-20.6%
TNG456Direct Program Expenses-RD
$2.06M+55.8%
TNG260Direct Program Expenses-RD
$2.01M+16.1%
TNG908Direct Program Expenses-RD
$581K-66.1%
TNG961Direct Program Expenses-RD
$408K-81.6%

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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$4.69B+570%
Enterprise value$4.56B+558%
P/S82.3×+53.5×

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:ResearchAndDevelopmentExpense.

The source filing: Tango Therapeutics’s 10-Q, filed May 13, 2026.

Filed
May 13, 2026, 4:15 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-221656
Line itemOncology Segment / Three Months Ended March 31, 2026Oncology Segment / Three Months Ended March 31, 2025
TNG260 direct program expenses - R&D2,0091,730
TNG961 direct program expenses - R&D4082,221
TNG908 direct program expenses* - R&D5811,712
Discovery direct program expenses - R&D1,8724,679
Personnel-related expenses - R&D12,93113,850
Facilities and other related expenses - R&D4,3385,465
Other segment expenses (a)11,9808,826
Segment net loss$(45,514)$(39,876)

Item 1. Financial Statements.

FAQ

What is Tango Therapeutics's discovery direct program expenses-rd — research and development expense?
Tango Therapeutics (TNGX) reported discovery direct program expenses-rd — research and development expense of $1.87M in Q1 2026.
How has Tango Therapeutics's discovery direct program expenses-rd — research and development expense changed year-over-year?
Tango Therapeutics's discovery direct program expenses-rd — research and development expense decreased by 60.0% year-over-year, from $4.68M to $1.87M.
What is the long-term trend for Tango Therapeutics's discovery direct program expenses-rd — research and development expense?
Over 3 years (2022 to 2025), Tango Therapeutics's discovery direct program expenses-rd — research and development expense has grown at a -29.3% compound annual growth rate (CAGR), from $28.76M to $10.17M.
What does discovery direct program expenses-rd — research and development expense mean?
This metric represents the direct research and development expenditures specifically allocated to the company's early-stage drug discovery programs. It captures the costs associated with identifying novel therapeutic targets and advancing preclinical candidates before they enter formal clinical development. Tracking these expenses provides insight into the company's investment intensity in its internal innovation pipeline and the sustainability of its long-term oncology research efforts.

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