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ZBIO stock logo

ZBIO

Zenas BioPharma, Inc.

$24.84
-0.56
 (-2.2%)
Exchange:  NASDAQ
Market Cap:  1.619B
Shares Outstanding:  38.317M
Delayed data
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  HealthcareView sector performance
Industry:  BiotechnologyView industry performance
   
CEO:  Leon Oliver Moulder Jr.
Full Time Employees:  167
Address: 
852 Winter Street
Waltham
MA
2451
US
Website:  https://zenasbio.com
Zenas BioPharma, Inc. functions as a clinical-stage biopharmaceutical firm, concentrating on the creation and market introduction of innovative, immunology-based treatments. The company’s primary investigational therapy is obexelimab, a distinctive bifunctional monoclonal antibody intended to address multiple diseases such as immunoglobulin G4-related disease, multiple sclerosis, systemic lupus erythematosus, and warm autoimmune hemolytic anemia. Its developmental portfolio also features ZB002, an anti-TNFa monoclonal antibody; ZB004, a cytotoxic T-lymphocyte-associated antigen 4-immunoglobulin fusion; ZB001, an anti-insulin-like growth factor-1 receptor monoclonal antibody; and ZB005, an anti-active complement component 1s monoclonal antibody. Established in 2019, the entity was formerly recognized as Zenas BioPharma (Cayman) Limited before adopting its current name, Zenas BioPharma, Inc., in August 2023. Its headquarters are located in Waltham, Massachusetts.

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Revenue Segmentation

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Industry Peers

TICKERCOMPANYMKT CAPP/EFWD P/EROIC
ZBZBIO logoZBIOZenas BioPharma, Inc.1.6B——-74.7%
BHBHVN logoBHVNBiohaven Ltd.1.6B——-181.4%
NTNTLA logoNTLAIntellia Therapeutics, Inc.1.6B——-52.9%
STSTOK logoSTOKStoke Therapeutics, Inc.1.6B——-62.7%
NUNUVB logoNUVBNuvation Bio Inc.1.6B——-20.7%
VIVIR logoVIRVir Biotechnology, Inc.1.7B——-24.8%

EPS

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Earnings Call

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue50,0005,00010,000
Gross Profit50,000-134,13910,000
EBITDA-27,034-156,422-370,433
Operating Income-37,147-163,888-211,385
Net Income-37,124-156,988-377,737

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets68,180369,968383,640
Total Liabilities293,90157,51078,847
Total Stockholders Equity-225,721312,458242,144
Total Debt21,1131,0031,326
Cash and Cash Equivalents56,857319,742110,641

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow-30,529-119,674-172,333
Capital Expenditure-17-131-18
Free Cash Flow-30,546-119,805-172,351
Net Income-37,124-156,988-377,737
Net Change in Cash-10,352262,889-209,191

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2030Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Low)269,269.724Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (High)1,055,679.337Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Avg)516,889.249Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Low)-54,695.820Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (High)-5,595.193Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Avg)-21,055.689Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Low)-58,465.310Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (High)-9,364.683Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Avg)-24,825.179Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Low)849,834.097Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (High)3,331,797.885Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Avg)1,631,338.652Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Avg)-0.560Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (High)-0.210Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Low)-1.310Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated Revenue)3Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated EPS)2Research AccessResearch AccessResearch AccessResearch Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
50M  ?P/S
 (TTM)
: 
1721.02
?Net Income
 (TTM)
: 
-37.124M  ?P/E
 (TTM)
: 
-2.83
?Enterprise Value
 (TTM)
: 
1.914B  ?EV/FCF
 (TTM)
: 
-8.47
?Dividend Yield
 (TTM)
: 
0%  ?Payout Ratio
 (TTM)
: 
0%
?ROE
 (TTM)
: 
-189.68%  ?ROIC
 (TTM)
: 
-74.69%
?Net Debt
 (TTM)
: 
-386.415M  ?Debt/Equity
 (TTM)
: 
1.58
?P/B
 (TTM)
: 
6.96  ?Current Ratio
 (TTM)
: 
9.93

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Research Access for high/low estimates and the interactive table.

Forward P/E 1YResearch AccessResearch AccessResearch AccessResearch Access
N/AResearch AccessResearch AccessResearch AccessResearch Access

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SWOT Analysis

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At what price to buy it? -
Intrinsic Value Calculator

Based on current fundamentals and analyst forecasts, MarketSnap estimates ZBIO intrinsic value between $4.99 – $4.99 per share. This depends on revenue growth, margins, and discount rate.

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.


Calculate ZBIO Intrinsic Value

Common questions about ZBIO valuation

Is Zenas BioPharma, Inc. (ZBIO) overvalued or undervalued right now?

MarketSnap estimates intrinsic value for Zenas BioPharma, Inc. (ZBIO) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is ZBIO a buy, hold, or sell for long-term investors?

MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether ZBIO trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is ZBIO’s P/E ratio?

You can see ZBIO’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for ZBIO?

MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is ZBIO a good long-term investment?

Whether ZBIO fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

Research tools for Zenas BioPharma, Inc.

  • Zenas BioPharma, Inc. intrinsic value calculatorEstimate what the business is worth
  • Zenas BioPharma, Inc. 5-year outlookWhat has to go right, and what could go wrong
ZBIO

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

-2.2
MarketSnap

Trading Metrics:

Open: 24.57   Previous Close: 25.4
Day Low: 24.52   Day High: 25.41
Year Low: 13.5   Year High: 44.6
Price Avg 50: 30.3   Price Avg 200: 24.7
Volume: 661651   Average Volume: 800976

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See in Nexus

Relevant news

Zenas BioPharma: Obexelimab Is Being Graded On The Wrong Curve
05-10-2026 05:09
Zenas BioPharma: Obexelimab Is Being Graded On The Wrong Curve
Zenas BioPharma, Inc. (ZBIO) Presents at Morgan Stanley 24th Annual Global Healthcare Conference Transcript
14-09-2026 21:01
Zenas BioPharma, Inc. (ZBIO) Presents at Morgan Stanley 24th Annual Global Healthcare Conference Transcript
Zenas BioPharma to Present at the H.C. Wainwright 7th Annual Neuro Perspectives Expert Summit
11-06-2026 16:15
Zenas BioPharma to Present at the H.C. Wainwright 7th Annual Neuro Perspectives Expert Summit

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