Tectonic Therapeutic IncTectonic Therapeutic Inc
Tectonic Therapeutic Inc

Tectonic Therapeutic Inc

TECX
Health Care·Biotechnology

Tectonic Therapeutic, Inc. is a clinical-stage biotechnology company, which engages in the discovery and development of therapeutic proteins and antibodies that modulate the activity of G protein-coupled receptors (GPCR). It develops a proprietary technology platform called GEODe to enable the discovery and development of GPCR-targeted biologic medicines. The company was founded by Timothy A. Springer and Andrew Kruse in November 2015 and is headquartered in Watertown, MA.

Massachusetts; U.S.A
Market cap
$443.4MNo data
Revenue
No dataNo data
Net income
$-74.2M−27.9% YoY
Free cash flow
$-60.3M−1.8% YoY

Market

Listed stock
TECXPriceNasdaq
Loading…Loading…1Y

Financial performance

Revenue
No dataNo data
Operating income
$-84M−44.9% YoY
Net income
$-74.2M−27.9% YoY
Free cash flow
$-60.3M−1.8% YoY

Revenue, profit & cash trend

Revenue
Reference
Revenue: 2021 $0, 2022 $23K, 2023 $77K, 2024 $0. Reference line: Reference at $0.

Growth & profitability

Revenue growth
No dataNo data
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $-118.8M, 2022-12-31 $-105.4M, 2023-12-31 $10.2M, 2024-12-31 $-58M, 2025-12-31 $-84M. Net income: 2021-12-31 $-119.1M, 2022-12-31 $-105.9M, 2023-12-31 $12.2M, 2024-12-31 $-58M, 2025-12-31 $-74.2M. Free cash flow: 2021-12-31 $-100.5M, 2022-12-31 $-97.5M, 2023-12-31 $-63.2M, 2024-12-31 $-59.2M, 2025-12-31 $-60.3M

Growth heatmap

202220232024CAGR
Revenue
No data
+234.8%
-100.0%
No data
Gross profit
No data
+28.7%
+100.0%
No data
Operating income
+11.3%
+109.7%
-669.2%
-44.9%
No data
Free cash flow
+3.0%
+35.2%
+6.3%
-1.8%
No data

Earnings quality

Operating cash flow
$-60.1M−1.7% YoY
Net income
$-74.2M−27.9% YoY
Free cash flow
$-60.3M−1.8% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 81%, 2024-12-31 102%, 2023-12-31 -520%, 2022-12-31 92%, 2021-12-31 82%. Free cash flow: 2025-12-31 81%, 2024-12-31 102%, 2023-12-31 -520%, 2022-12-31 92%, 2021-12-31 84%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
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Price to sales
No data
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EV / EBITDA
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Free cash flow yield
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