Q32 Bio Inc.

Q32 Bio Inc.

QTTB·NASDAQ

$14.56

+23%
HealthcareBiotechnology

Q32 Bio Inc., a clinical-stage biotechnology company, develops biologic therapeutics to restore healthy immune balance in patients with autoimmune and inflammatory diseases driven by pathological immune dysfunction in the United States. Its lead product candidate is ADX-097, a humanized anti-C3d monoclonal antibody fusion protein to restore complement regulation, which has completed Phase I clinical trial for the treatment of renal and other complement-mediated diseases of high unmet need, including lupus nephritis, immunoglobulin A nephropathy, complement component 3 glomerulopathy, and anti-neutrophil cytoplasmic antibody-associated vasculitis. The company is also developing Bempikibart (ADX-914), a fully human anti–interleukin-7 receptor alpha antagonist monoclonal antibody designed to re-regulate adaptive immune function by blocking signaling mediated by interleukin-7 and thymic stromal lymphopoietin that is Phase II clinical trial for the treatment of atopic dermatitis and alopecia areata. Q32 Bio Inc. was formerly known as AdMIRx Inc. and changed its name to Q32 Bio Inc. in April 2020. The company was founded in 2017 and is based in Waltham, Massachusetts.

At a Glance

Live Snapshot
Market Cap$186.02M
EPS2.4200
P/E Ratio6.02
Earnings Date08/05/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is compressed (P/E 6.0).

Valuation inputs: P/E 6.0, earnings yield +16.6%, momentum +23.5%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is strong (ROE +71.0%, ROIC +29.5%).

Profitability stack: net margin +55.5%, ROE +71.0%, ROIC +29.5%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +32.0%, momentum +23.5%, net margin +55.5%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Q32 Bio Inc. Market vs Earnings Trajectory

QTTB · NASDAQ

Loading price and EPS data...

Q32 Bio Inc.

Q32 Bio Inc. Fair Value Envelope

QTTB · NASDAQ

Our analysis suggests that QTTB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $14.56, this represents a potential HIDDEN relative to our calculated worth for Q32 Bio Inc..

Intrinsic Value
Current Price: $14.56
3Y-118.0%
5Y-105.0%
10Y-163.0%
3Y+708.0%
5Y+1889.0%
10Y-
3Y-170.0%
5Y-123.0%
10Y-471.0%
3Y+121.0%
5Y-74.0%
10Y+185.0%
3Y+80.0%
5Y-75.0%
10Y+131.0%
3Y-
5Y-77.0%
10Y+334.0%
Q32 Bio Inc.

Q32 Bio Inc. Profit Bridge

QTTB · NASDAQ
Revenue53.74M
Cost of Goods Sold (391.00K)
Gross Profit53.35M
Operating Expenses (36.44M)
Operating Income16.90M
Interest Expense (1.10M)
Other Income/Expense12.92M
Pretax Income29.82M
Income Tax (0.00)
Net Income29.82M
Net Income
29.82M

Profitability Analysis

Gross Margin

99.3%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

31.5%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

55.5%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

0.0%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

99.27%
Gross Profit Margin
3Y-1.0%
5Y-1.0%
10Y-
31.45%
Operating Profit Margin
3Y-105.0%
5Y-101.0%
10Y-
55.49%
Net Profit Margin
3Y-109.0%
5Y-101.0%
10Y-
70.98%
Return on Equity
-108%
3Y-395.0%
5Y-208.0%
10Y-166.0%
48.27%
Return on Assets
-193%
3Y-170.0%
5Y-199.0%
10Y-185.0%
29.47%
Return on Invested Capital
-135%
3Y-128.0%
5Y-155.0%
10Y-123.0%
QTTB

Q32 Bio Inc. Cash Conversion Engine

QTTB · NASDAQ
Net Income-17.36M
Depreciation & Amortization25.00K
Stock-Based Compensation2.70M
Change in Working Capital-4.04M
Others-14.87M
Capital Expenditures2.00K
Free Cash Flow-24.18M

Cash Flow Quality Analysis

FCF Conversion Rate

139.3%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

-0.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+64.3%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$4.04M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

qttb

Q32 Bio Inc. Funding & Solvency Profile

QTTB · NASDAQ
Cash & Cash Equivalents50.75M
Net Receivables0.00
Inventory0.00
Other Current Assets6.45M
Total Current Assets57 M
Property, Plant & Equipment5.83M
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets647.00K
Total Non-Current Assets6 M
Total Assets
63.67M

Financial Health Analysis

Current Ratio

5.36x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.37x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

47 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

90% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Q32 Bio Inc. Street Expectations Map

QTTB · NASDAQ

Wall Street analysts project that QTTB stock may see slight declines over the coming 12 months. The consensus 1-year price target stands at 13.50, with estimates ranging from a low of 13.00 to a high of 14.00.

Lowest Target
13.00
-10.71%
Consensus Target
13.50
-7.28%
Highest Target
14.00
-3.85%

The consensus 1-year price target stands at 13.50, with estimates ranging from a low of 13.00 to a high of 14.00.

Analyst Consensus Analysis

Upside Potential

-7.3%

Downside risk. Current price above analyst targets indicates potential overvaluation. Exercise caution and review catalysts.

Analyst Agreement

7.4% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Risk-Reward Profile

0.36x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

qttb

Q32 Bio Inc. Insider Positioning

QTTB · NASDAQ

During the last 12 months, insiders have purchased $10.00M and sold $217K worth of QTTB shares, resulting in $9.78M of net buying activity.

3 Months

Bought

1.3M

10.00M

Sold

0

0.00

Net Activity

+10.0M

+$10.00M

3-6 Months

Bought

0

0.00

Sold

16.7K

75.42K

Net Activity

-75K

-$75K

6-9 Months

Bought

0

0.00

Sold

31.6K

109.27K

Net Activity

-109K

-$109K

9-12 Months

Bought

0

0.00

Sold

17.7K

31.92K

Net Activity

-32K

-$32K

Top Buyers

1
XD

Xu Diyong

Director, 10 Percent Owner:

1.3M shares1 transactions

$10.00M

Top Sellers

1
MJP

Morrison Jodie Pope

Director, Officer: Ceo

42.9K shares3 transactions

$141K

2
KL

Kalowski Lee

Officer: Cfo And President

17.3K shares3 transactions

$57K

3
VSM

Violette Shelia M.

Officer: Chief Scientific Officer

5.8K shares2 transactions

$18K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $9.78M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

46.17:1

Exceptional buy/sell ratio. Buying dramatically outweighs selling—one of the strongest possible insider signals.

Recent Trend (3 Months)

$10.00M

Very strong recent buying momentum. Recent insider purchases significantly outpace sales, suggesting near-term optimism.

Insider Participation

High Selling

3 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Sustained buying momentum: Consistent net buying over multiple quarters suggests insiders maintain conviction in the company's prospects. This is particularly meaningful if buying continued through market volatility.

No Dividend Yield Data

QTTB has not reported any dividend yield values in the available annual periods.

 

qttb Dividend History

QTTB
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%