NASDAQ$ZBIO

Zenas Biopharma Inc · Q1 2025 earnings

Q1 2025 earnings ·

Briefing

Zenas BioPharma reported Q1 2025, revenue of $10M, net loss of $33.6M, diluted EPS of $-0.80.

For Q1 2025, Zenas BioPharma reported revenue of $10M, a net loss of $33.6M, diluted EPS was $-0.80. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Q1 2025 revenue $10M.
  • Net loss $33.6M.
  • Diluted EPS $-0.80.

Headline financials

Total Revenue

$10M

No prior period
EPS (adj)

-$0.80

No prior period
Capital Expenditures

-$18K

No prior period
Free Cash Flow

-$33.6M

No prior period
Net Income

-$33.6M

No prior period
Operating Income

-$37.3M

No prior period
Gross Profit

$10M

No prior period

Revenue & EPS history

Zenas Biopharma Inc · Revenue · Quarterly

$10M

Q1 2025

Forward guidance

Clinical-stage biotech filers emphasize trial milestones, regulatory paths, and cash runway; product revenue is limited or absent.

Tailwinds

  • Pipeline progress and partnership optionality.
  • Cash balances funding operations into upcoming catalysts.
  • Regulatory designations where applicable.

Headwinds

  • Trial failure or regulatory delay risk.
  • Dilution from equity raises.
  • No near-term product revenue for most programs.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 4 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+4.3%

Avg return

Earnings day

+3.2%

Avg return

5 days after

+3.2%

Avg return

30 days after

80%

4 / 5 earnings

Positive

+12.2%

Q1 2025

Best reaction

-3.1%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.9%-11.7%+3.0%
Q3 2025+1.7%+1.9%+15.3%
Q2 2025+6.7%+12.8%+35.3%
Q1 2025+12.2%+32.3%+19.0%
Q3 2024-3.1%-19.6%-56.5%

Discussion

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