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Zymeworks ZYME Bispecific Antibodies — Research and development collaborations (note 11)

Other product segments

Recognition of deferred revenue
$0

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Zymeworks’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zymeworks's bispecific antibodies — research and development collaborations (note 11)?
Zymeworks (ZYME) reported bispecific antibodies — research and development collaborations (note 11) of $2M in Q4 2025.
What does bispecific antibodies — research and development collaborations (note 11) mean?
This metric represents the revenue recognized from strategic partnerships and collaborative agreements specifically related to the development of bispecific antibody therapeutic platforms. It reflects the company's ability to monetize its proprietary technology through external funding, milestone payments, or shared development costs with pharmaceutical partners. This figure serves as a key indicator of the commercial validation and market interest in the company's specialized biotherapeutic engineering capabilities.