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HCWB

HCW Biologics Inc.

Price Chart

No historical data available

Latest Quote

$3.43

+0.26 (+8.20%)
Current Price
Previous Close $3.17
Open $3.20
Day High $3.43
Day Low $3.00
Volume 126,972
Fetched: 2026-08-31T03:55:56
Stock Information
Shares Outstanding 1.84M
Total Debt $6.56M
Cash Equivalents $741K
Revenue $6.72M
Net Income $-21.41M
Sector Healthcare
Industry Biotechnology
Market Cap $6.30M
EPS (TTM) $-16.62
Exchange NCM
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📊 Comprehensive Analysis
Company Data
Enterprise Value$12.12M
Sales$6.72M
Income$-21.41M
Book/sh$4.59
Cash/sh$0.40
Employees35
Financial Ratios
Quick Ratio0.04
Current Ratio0.06
Debt/Eq88.34
Returns & Margins
ROA-13.88%
ROE-151.36%
Gross Margin95.91%
Operating Margin-2335.57%
Profit Margin-83.05%
Ownership
Insider Ownership9.72%
Institutional Ownership9.03%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E-6.53
P/S0.98
P/B0.78
Analyst Data
Recommendationnone
Target Price$30.00
Technical Indicators
SMA20$2.90
SMA50$3.82
SMA200$6.09
RSI55.41
ATR0.4170
Shares Float1.07M
Short Float0.82%
Short Ratio0.20
Volatility2.36
Rel Volume0.34
Performance History
Week+64.68%
Month+13.97%
Quarter-69.78%
6 Months+10.60%
YTD-46.58%
Year-90.06%
3 Years-99.22%
5 Years-99.63%
10 Years-99.76%
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Recent Price History
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About HCW Biologics Inc.

HCW Biologics Inc., a clinical-stage biopharmaceutical company, focuses on discovering and developing novel immunotherapies for chronic, low-grade inflammation, and diseases in the United States. Its lead products include HCW11-018b, a novel, tetra-valent T-Cell engager; HCW11-040, a multifunctional fusion molecule that is a combination of cytokines and pembrolizumab; and HCW9302, injectable and interleukin 2 (IL-2) fusion protein complex, which is in clinical trial in patients with alopecia areata diseases. The company also develops HCW9201, a fusion protein designed as a reagent to use in the production of natural killer (NK) cell-based therapies; HCW9206, a fusion protein designed as a reagent to use in the production of CAR-therapies for the treatment of infectious diseases; and HCW11-006, a multi-functional immune cell stimulator. It has a license agreement with Wugen Inc. to develop cell therapy-based treatments; and a license, research and co-development agreement with WY Biotech Co., Ltd. for its preclinical molecule. HCW Biologics Inc. was incorporated in 2018 and is headquartered in Miramar, Florida.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $43,386 $677,407 $1,413,013 $3,756,316
Cost Of Revenue $43,386 $1,607,389 $2,281,434 $4,135,712
Total Revenue $54,232 $2,566,792 $2,841,794 $6,722,090
Operating Revenue $54,232 $2,566,792 $2,841,794 $6,722,090
Expenses
Interest Expense $1,250,273 $1,181,588 $283,042 $126,660
Total Expenses $11,311,520 $30,196,008 $28,558,954 $21,800,868
Rent Expense Supplemental $191,598 $205,511 $156,807 $132,739
Other Income Expense $4,547,852 $-1,213,010 $1,005,925 $304,735
Other Non Operating Income Expenses $6,585,248 $-1,213,010 $1,005,925 $304,735
Net Non Operating Interest Income Expense $-1,250,273 $-1,181,588 $-283,042 $-126,660
Interest Expense Non Operating $1,250,273 $1,181,588 $283,042 $126,660
Operating Expense $11,268,134 $28,588,619 $26,277,520 $17,665,156
General And Administrative Expense $5,588,245 $21,945,218 $13,084,441 $7,988,333
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-7,959,709 $-30,023,814 $-24,994,277 $-14,900,703
Net Interest Income $-1,250,273 $-1,181,588 $-283,042 $-126,660
Normalized Income $-5,922,313 $-30,023,814 $-24,994,277 $-14,900,703
Net Income From Continuing And Discontinued Operation $-7,959,709 $-30,023,814 $-24,994,277 $-14,900,703
Total Operating Income As Reported $-13,162,510 $-29,456,520 $-25,717,160 $-15,078,778
Net Income Common Stockholders $-22,298,702 $-30,023,814 $-24,994,277 $-14,900,703
Net Income $-7,959,709 $-30,023,814 $-24,994,277 $-14,900,703
Net Income Including Noncontrolling Interests $-7,959,709 $-30,023,814 $-24,994,277 $-14,900,703
Net Income Continuous Operations $-7,959,709 $-30,023,814 $-24,994,277 $-14,900,703
Pretax Income $-7,959,709 $-30,023,814 $-24,994,277 $-14,900,703
Special Income Charges $-1,500,000 $0 $-6,571,689 -
Operating Income $-11,257,288 $-27,629,216 $-25,717,160 $-15,078,778
Depreciation Amortization Depletion Income Statement $237,005 $254,407 $266,763 $338,458
Depreciation And Amortization In Income Statement $237,005 $254,407 $266,763 $338,458
Depreciation Income Statement $237,005 $254,407 $266,763 $338,458
Gross Profit $10,846 $959,403 $560,360 $2,586,378
Interest Income - - - -
Interest Income Non Operating - - - -
Per Share
Diluted EPS $-63.78 $-184.80 $-168.00 $-100.80
Basic EPS $-63.78 $-184.80 $-168.00 $-100.80
Other
Tax Effect Of Unusual Items $0 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-3,630,269 $-27,657,837 $-23,576,051 $-14,056,189
Total Unusual Items $-2,037,396 $0 $-6,571,689 -
Total Unusual Items Excluding Goodwill $-2,037,396 $0 $-6,571,689 -
Reconciled Depreciation $1,041,771 $1,184,389 $1,135,184 $717,854
EBITDA (Bullshit earnings) $-5,667,665 $-27,657,837 $-23,576,051 $-14,056,189
EBIT $-6,709,436 $-28,842,226 $-24,711,235 $-14,774,043
Diluted Average Shares $349,616 $161,637 $149,706 $149,259
Basic Average Shares $349,616 $161,637 $149,706 $149,259
Diluted NI Availto Com Stockholders $-22,298,702 $-30,023,814 $-24,994,277 $-14,900,703
Otherunder Preferred Stock Dividend $14,338,993 $0 - -
Impairment Of Capital Assets $1,500,000 $0 - -
Gain On Sale Of Security $-537,396 - - -
Research And Development $5,442,884 $6,388,994 $7,676,316 $9,338,365
Selling General And Administration $5,588,245 $21,945,218 $13,084,441 $7,988,333
Other Gand A $2,611,894 $19,175,771 $9,710,774 $4,476,330
Rent And Landing Fees $191,598 $205,511 $156,807 $132,739
Salaries And Wages $2,784,753 $2,563,936 $3,216,860 $3,379,264
Other Special Charges - $15,910,480 $6,571,689 -
Provision For Doubtful Accounts - $1,300,000 $5,250,000 $0
Fetched: 2026-08-20
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $2,764,769 $-6,770,172 $13,461,717 $37,428,506
Total Assets $24,520,013 $30,236,578 $28,513,660 $46,809,155
Total Non Current Assets $22,235,654 $24,538,096 $22,109,473 $12,738,236
Other Non Current Assets $28,476 $28,476 $56,538 $333,875
Current Assets $2,284,359 $5,698,482 $6,404,187 $34,070,919
Other Current Assets $77,564 $113,528 $230,916 $196,015
Prepaid Assets $222,156 $328,181 $1,042,413 $1,394,923
Receivables $32,175 $582,201 $1,535,757 $417,695
Accounts Receivable $32,175 $582,201 $1,535,757 $417,695
Cash Cash Equivalents And Short Term Investments $1,952,464 $4,674,572 $3,595,101 $32,062,286
Cash And Cash Equivalents $1,952,464 $4,674,572 $3,595,101 $22,326,356
Cash Equivalents - $3,748,325 $1,626,129 $19,458,020
Cash Financial - $926,247 $1,968,972 $2,868,336
Debt
Net Debt $4,856,751 $9,017,977 $2,709,217 -
Total Debt $6,809,215 $13,692,549 $6,304,318 $6,409,893
Current Debt And Capital Lease Obligation $6,809,215 $6,314,684 - -
Current Debt $6,809,215 $6,314,684 - -
Long Term Debt And Capital Lease Obligation - $7,377,865 $6,304,318 $6,409,893
Long Term Debt - $7,377,865 $6,304,318 $6,409,893
Liabilities
Total Liabilities Net Minority Interest $21,755,244 $37,006,750 $15,051,943 $9,380,649
Total Non Current Liabilities Net Minority Interest $692,531 $7,377,865 $6,304,318 $6,424,168
Other Non Current Liabilities $692,531 - - $14,275
Current Liabilities $21,062,713 $29,628,885 $8,747,625 $2,956,481
Payables And Accrued Expenses $14,253,498 $23,314,201 $8,747,625 $2,956,481
Payables $13,143,394 $22,332,261 $6,167,223 $1,226,156
Accounts Payable $13,143,394 $22,332,261 $6,167,223 $1,226,156
Equity
Common Stock Equity $2,764,769 $-6,770,172 $13,461,717 $37,428,506
Total Equity Gross Minority Interest $2,764,769 $-6,770,172 $13,461,717 $37,428,506
Stockholders Equity $2,764,769 $-6,770,172 $13,461,717 $37,428,506
Retained Earnings $-108,515,846 $-100,556,137 $-70,532,323 $-45,538,046
Other
Ordinary Shares Number $546,635 $185,588 $150,104 $149,485
Share Issued $546,635 $185,588 $150,104 $149,485
Tangible Book Value $2,764,769 $-6,770,172 $13,461,717 $37,428,506
Invested Capital $9,573,984 $6,922,377 $19,766,035 $43,838,399
Working Capital $-18,778,354 $-23,930,403 $-2,343,438 $31,114,438
Total Capitalization $2,764,769 $607,693 $19,766,035 $43,838,399
Additional Paid In Capital $111,280,287 $93,785,854 $83,990,437 $82,962,964
Capital Stock $328 $111 $3,603 $3,588
Common Stock $328 $111 $3,603 $3,588
Line Of Credit $6,809,215 $6,314,684 $0 -
Current Accrued Expenses $1,110,104 $981,940 $2,580,402 $1,730,325
Investments And Advances $1,326,329 $1,599,751 $1,599,751 $1,599,751
Net PPE $20,880,849 $22,909,869 $20,453,184 $10,804,610
Accumulated Depreciation $-4,183,478 $-3,676,458 $-3,031,841 $-2,237,222
Gross PPE $25,064,327 $26,586,327 $23,485,025 $13,041,832
Leases $354,276 $354,276 $354,276 $349,976
Construction In Progress $12,023,161 $13,545,161 $10,443,859 $52,414
Other Properties $3,913,868 $3,913,868 $3,913,868 $3,882,384
Machinery Furniture Equipment $517,414 $517,414 $517,414 $501,450
Buildings And Improvements $6,105,570 $6,105,570 $6,105,570 $6,105,570
Land And Improvements $2,150,038 $2,150,038 $2,150,038 $2,150,038
Properties $0 $0 $0 $0
Treasury Shares Number - - $0 -
Other Short Term Investments - - $0 $9,735,930
Preferred Stock - - - -
Fetched: 2026-08-20
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $-13,391,617 $-14,489,045 $-28,716,721 $-20,661,238
Operating Activities
Operating Cash Flow $-13,391,617 $-14,227,428 $-22,514,121 $-10,386,110
Cash Flow From Continuing Operating Activities $-13,391,617 $-14,227,428 $-22,514,121 $-10,386,110
Operating Gains Losses $-5,197,072 - $-15,625 -
Investing Activities
Investing Cash Flow $0 $-261,617 $3,797,400 $14,708,392
Cash Flow From Continuing Investing Activities $0 $-261,617 $3,797,400 $14,708,392
Capital Expenditure - $-261,617 $-6,202,600 $-10,275,128
Financing Activities
Issuance Of Capital Stock $8,034,017 $6,462,834 $23,739 $15,778
Financing Cash Flow $10,669,509 $15,568,516 $-14,534 $6,273,397
Cash Flow From Continuing Financing Activities $10,669,509 $15,568,516 $-14,534 $6,273,397
Net Other Financing Charges $-1,209,779 $-638,045 - $-190,547
Net Common Stock Issuance $8,034,017 $6,462,834 $23,739 $15,778
Common Stock Issuance $8,034,017 $6,462,834 $23,739 $15,778
Net Preferred Stock Issuance - - - -
Preferred Stock Issuance - - - -
Other
Repayment Of Debt $-127,623 $-119,398 $-38,273 $0
Issuance Of Debt $150,000 $6,905,000 $0 $6,448,166
Interest Paid Supplemental Data $283,042 $569,770 $283,042 $126,660
End Cash Position $1,952,464 $4,674,572 $3,595,101 $22,326,356
Beginning Cash Position $4,674,572 $3,595,101 $22,326,356 $11,730,677
Changes In Cash $-2,722,108 $1,079,471 $-18,731,255 $10,595,679
Proceeds From Stock Option Exercised $3,822,894 $2,958,125 $0 -
Net Issuance Payments Of Debt $22,377 $6,785,602 $-38,273 $6,448,166
Net Long Term Debt Issuance $22,377 $6,785,602 $-38,273 $6,448,166
Long Term Debt Payments $-127,623 $-119,398 $-38,273 $0
Long Term Debt Issuance $150,000 $6,905,000 $0 $6,448,166
Net PPE Purchase And Sale $0 $-261,617 $-6,202,600 $-10,275,128
Purchase Of PPE $0 $-261,617 $-6,202,600 $-10,275,128
Change In Working Capital $-2,781,691 $13,603,404 $-4,643,036 $2,488,089
Change In Other Current Liabilities $0 $-56,541 $-326,742 $-128,246
Change In Payables And Accrued Expense $-3,473,706 $11,874,767 $1,619,357 $418,208
Change In Payable $-3,473,706 $11,874,767 $1,619,357 $418,208
Change In Account Payable $-3,473,706 $11,874,767 $1,619,357 $418,208
Change In Prepaid Assets $141,989 $831,622 $-4,817,590 $2,482,822
Change In Receivables $550,026 $953,556 $-1,118,061 $-284,695
Changes In Account Receivables $550,026 $953,556 $-1,118,061 $-284,695
Other Non Cash Items $-1,036,961 $-418 $-1,671 $2,089
Stock Based Compensation $768,623 $1,009,011 $1,003,749 $1,120,191
Unrealized Gain Loss On Investment Securities $273,422 $0 $-248,445 $186,370
Asset Impairment Charge $1,500,000 $0 - -
Depreciation Amortization Depletion $1,041,771 $1,184,389 $1,135,184 $717,854
Depreciation And Amortization $1,041,771 $1,184,389 $1,135,184 $717,854
Gain Loss On Investment Securities $263,974 - $-15,625 -
Net Income From Continuing Operations $-7,959,709 $-30,023,814 $-24,994,277 $-14,900,703
Net Investment Purchase And Sale - $0 $10,000,000 $24,983,520
Sale Of Investment - $0 $10,000,000 $24,983,520
Provisionand Write Offof Assets - $0 $5,250,000 $0
Purchase Of Investment - - - $0
Fetched: 2026-08-20