State Ledger
Company profile

CRESCENT BIOPHARMA, INC. CIK 1253689

Ticker
CBIO (Nasdaq)
Industry
Pharmaceutical Preparations
Headquarters
Waltham, MA 02451
Fiscal year end
2025 (FY)
Market Data
Close
$12.94
Change
-$1.53
Change %
-10.57%
Volume
11,584

CBIO · trading date Oct 13, 2026 · previous close $14.47 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$10.84M
Net income
-$153.94M
Total assets
$240.29M
Total liabilities
$37.28M
Stockholders' equity
$203.01M
Cash & equivalents
$213.19M
Operating income
-$152.63M
Operating cash flow
-$71.53M
Capital expenditures
$919.0K

Fiscal year 2025, via 10-K filed 2026-02-26. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
-1,407.5%
Net margin
-1,419.6%
Free cash flow
-$72.45M
Free cash flow margin
-668.1%
Liabilities / assets
15.5%
Equity / assets
84.5%
CapEx / revenue
8.5%
Operating cash flow / net income
0.46×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $10.84M -$153.94M $240.29M $37.28M $203.01M
2024 — -$37.88M $35.62M $47.10M -$15.48M
2023 — -$36.90M $45.32M $6.90M $38.41M
2022 — -$46.69M $51.81M $8.88M $42.93M
2021 — -$63.43M $94.35M $12.74M $81.60M
Company Details
SIC code
2834
State of incorporation
E9
Active filer
Yes
Most recent SEC filing
Form 4
2026-09-18
Financials filed via
Form 10-K
filed 2026-02-26

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Waltham, MA 02451
300 FIFTH AVENUE
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:33 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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