$29.13
+6.2%Tectonic Therapeutic, Inc., a clinical stage biotechnology company focuses on the discovery and development of therapeutic proteins and antibodies to modulate the activity of G-protein coupled receptors(GPCRs). It offers GEODe technology platform to enable the discovery and development of GPCR-targeted biologic medicines. The company's pipeline products include RXFP1 agonist, which is in ongoing phase 1a and 1b for the indication of heart failure with preserved ejection fraction; GPCR antagonist for indication of hereditary hemorrhagic telangiectasia; bi-functional GPCR modulator for indication of fibrosis; and GPCR modulators. Tectonic Therapeutic, Inc. is based in Watertown, Massachusetts.
Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.
TECX • NASDAQ
| Tectonic Therapeutic, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||
-74.2M | -58M | -42.8M | -32.2K | -8.9M | -119.7M | -73M | -46.4M | -18.6M | -4.7M | |
1.4M | 1.6M | 1.5M | 1K | 364K | 1.2M | 850K | 380K | 45K | 0.0 | |
10.5M | 3.5M | 1.1M | 1.1K | 639K | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
2.3M | 4M | 127K | -89.8M | -6.4M | 15.5M | 6.6M | 2.9M | 549K | 463K | |
-70K | -10.3M | -584K | -7.4M | 1.9M | 4.2M | -2.2M | 4.2M | 1.6M | 710K | |
-60.1M | -59.1M | -40.7M | -97.2M | -12.5M | -98.8M | -67.7M | -37.6M | -16.4M | -3.3M | |
INVESTING ACTIVITIES | ||||||||||
-208K | -156K | -279K | -267K | -2.1M | -1.2M | -1.6M | -1.8M | -383K | (0.0) | |
(70K) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -24K | |
-138K | -156K | -279K | -267K | -2.1M | -1.2M | -1.6M | -1.8M | -383K | -24K | |
FINANCING ACTIVITIES | ||||||||||
174.3M | 94.6M | 34.1M | 262K | 0.0 | 172.6M | 130M | 160.3M | 17.4M | 0.0 | |
-489K | -475K | -499K | -393K | 3.6M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
-485K | 77.6M | 121K | 393K | 2K | 0.0 | 0.0 | 0.0 | -44K | 8.7M | |
173.4M | 171.7M | 33.7M | 262K | 41.4M | 172.6M | 130M | 160.3M | 17.4M | 8.7M | |
CASH FLOW SUMMARY | ||||||||||
-95K | -8K | 16K | 492K | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
113M | 112.5M | -7.2M | -96.7M | 26.8M | 72.6M | 60.7M | 120.3M | 606K | 5.4M | |
141.8M | 29.4M | 36.6M | 189.6M | 1.8M | 187M | 126.3M | 6M | 5.4M | 0.0 | |
254.9M | 141.8M | 29.4M | 92.8M | 28.7M | 259.7M | 187M | 126.3M | 6M | 5.4M | |
-60.3M | -59.2M | -41M | -97.5M | -14.6M | -100M | -69.3M | -39.5M | -16.8M | -3.3M |
TECX - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 24, 2026 | June 08, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 23, 2026 | April 23, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 26, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 26, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 24, 2026 | February 23, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | November 06, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 06, 2025 | November 06, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 30, 2025 | October 29, 2025 | 2025 |
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