What is Zymeworks's deferred revenue?

Zymeworks (ZYME) reported deferred revenue of $2.08M in Q1 2026.

How has Zymeworks's deferred revenue changed year-over-year?

Zymeworks's deferred revenue decreased by 91.2% year-over-year, from $23.5M to $2.08M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Zymeworks ZYME Deferred Revenue

Deferred Revenue at other companies

Viridian Therapeutics, Inc.VRDN

$274K-4.9%

AbCellera Biologics Inc.ABCL

$7.74M-58.8%

Stoke Therapeutics, Inc.STOK

$6.6M-35.6%

Nurix Therapeutics, Inc.NRIX

$18.75M-38.7%

Septerna, Inc.SEPN

$59.76M—

TG TherapeuticsTGTX

$6.86M+4.0%

Other financials

Income statement

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Revenue$2.4M-91.1%

Operating income-$47.1M-84.0%

Net income-$44.2M-95.1%

EPS (diluted)-$0.59-96.7%

Balance sheet

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Cash & equivalents$244.3M+221%

Total debt$17.0M-7.7%

Total equity$163.6M-49.7%

Total assets$478.2M+12.4%

Cash flow

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Operating cash flow-$45.7M-1,242%

CapEx$216.0K+1,250%

Free cash flow-$45.9M-1,242%

Valuation

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Market cap$1.76B+125%

Enterprise value$1.53B+112%

P/S21.6×+13.2×

Profitability

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Operating margin-140.4%+7.3pp

Net margin-126.3%+5.0pp

FCF margin-94.8%+15.5pp

Returns & leverage

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Return on equity-42%+29.2pp

Debt / equity0.1×0.0×

Current ratio10.8×+6.1×

Where this comes from

Reported directly by Zymeworks in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: Zymeworks’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zymeworks's deferred revenue?: Zymeworks (ZYME) reported deferred revenue of $2.08M in Q1 2026.
How has Zymeworks's deferred revenue changed year-over-year?: Zymeworks's deferred revenue decreased by 91.2% year-over-year, from $23.5M to $2.08M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.