HCWB · HCW Biologics Inc. · Financials
Substantial doubt about the company's ability to continue as a going concern.
“The Company believes that substantial doubt exists regarding its ability to continue as a going concern for at least 12 months from the date of issuance of the Company's condensed financial statements, without additional funding or financial support. After considering management's plan for financing and funds raised that are probable to occur within one year, as well as that the Company expects to continue to incur losses from operations for the foreseeable future, management concluded that the substantial doubt that existed in its going concern analysis as of June 30, 2026 was not alleviated.”View the 10-Q filed Aug 14, 2026
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| $6.66M | $54.23K | $2.57M | $2.84M | $6.72M | $0 | $4.1M | |
| $274.62K | $43.39K | $1.61M | $2.28M | $4.14M | $0 | — | |
| $6.45M | $10.85K | $959.4K | $560.36K | $2.59M | $0 | — | |
| — | 20% | 37.38% | 19.72% | 38.48% | — | — | |
| $5.2M | $5.44M | $6.39M | $7.68M | $9.34M | $8.17M | $7.26M | |
| $7.08M | $7.7M | $6.82M | $6.78M | $8.33M | $5.19M | $2.67M | |
| $599.99K | $1.04M | $1.18M | $1.14M | $717.85K | $543.6K | $572.87K | |
| $14.11M | $13.17M | $30.42M | $26.28M | $17.67M | $13.37M | $9.92M | |
| -$7.66M | -$13.16M | -$29.46M | -$25.72M | -$15.08M | -$13.37M | -$5.82M | |
| — | -24270.74% | -1147.6% | -904.96% | -224.32% | — | -142.07% | |
| -$7.06M | -$12.12M | -$28.27M | -$24.58M | -$14.36M | -$12.82M | -$5.25M | |
| $570.33K | $845.05K | $654.28K | $283.04K | $126.66K | $0 | — | |
| — | $0 | -$1.3M | — | — | — | — | |
| — | -$273.42K | $0 | — | — | — | — | |
| — | -$7.96M | -$30.02M | -$24.99M | -$14.9M | -$12.86M | -$5.8M | |
| — | $0 | $0 | $0 | $0 | $0 | $0 | |
| -$5.58M | -$7.96M | -$30.02M | -$24.99M | -$14.9M | -$12.86M | -$5.8M | |
| — | -14677.14% | -1169.7% | -879.52% | -221.67% | — | -141.53% | |
| -$22.14M | -$22.3M | -$30.02M | — | — | -$12.86M | -$7.07M | |
| USD/shares | -$21.45 | -$63.78 | -$185.76 | -$168.00 | -$100.80 | -$165.60 | — |
| USD/shares | -$21.45 | -$63.78 | -$185.76 | -$168.00 | -$100.80 | -$165.60 | — |
| shares | — | 349.62K | 161.64K | 149.71K | 149.26K | 78.21K | 19.75K |
| shares | — | 349.62K | 161.64K | 149.71K | 149.26K | 78.21K | 19.75K |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Short-term borrowings | 2026-06-30 | USD 6,561,361 | 10-Q filed 2026-08-14 |
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 145 similar-size Biotechnology companies (of 532 listed).