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

Other product segments

Other drug supply
$1.66M
Royalties
$1.59M
Drug supply for ongoing studies
$791K
Development support payments
$291K
Milestone revenue
$0
Option exercise fee
$0
Recognition of deferred revenue
$0

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STROResearch And Development Services — Revenue
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KOPNResearch And Development Revenues — Revenue
$1.29M+4.3%

Other financials

Income statement

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Revenue$4.6M-90.6%
Operating income-$42.2M-6,158%
Net income-$45.0M-2,043%
EPS (diluted)-$0.62-2,167%

Balance sheet

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Cash & equivalents$179.4M+82.6%
Total debt$16.0M-14.3%
Total equity$80.4M-76.0%
Total assets$397.0M-2.8%

Cash flow

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Operating cash flow-$31.9M-365%
CapEx$216.0K+1,250%
Free cash flow-$31.9M-376%

Valuation

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Market cap$1.7B+83.2%
Enterprise value$1.54B+81.1%
P/S45.8×+38.3×

Profitability

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Operating margin-419%-518pp
Net margin-404%-489pp
FCF margin-324.7%-366pp

Returns & leverage

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Return on equity-72.3%-117pp
Debt / equity0.2×+0.1×
Current ratio6.3×-1.4×

Where this comes from

Reported directly by Zymeworks in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Zymeworks’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 6:28 AM EST
Fiscal year
FY2025
Accession
0001937653-26-000015

From contract inception to the termination of 2016 Daiichi Collaboration agreement as defined below, the Company has received an upfront technology access fee payment of $2.0 million and research and commercial option related payments totaling $4.5 million.

Item 8. Financial Statements and Supplementary Data

FAQ

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.

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