For the quarter ending 2026-03-31.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenue | - | 0 | - | 0 |
| Research and development | 60,439,000 | 55,719,000 | 34,402,000 | 43,027,000 |
| General and administrative | 16,911,000 | 15,593,000 | 13,178,000 | 12,136,000 |
| Acquired in-process research and development | - | 166,672,000 | 5,000,000 | - |
| Total operating expenses | 77,350,000 | 237,984,000 | 52,580,000 | 55,163,000 |
| Loss from operations | -77,350,000 | -237,984,000 | -52,580,000 | -55,163,000 |
| Interest expense on royalty obligation | 6,263,000 | 1,831,750* | - | - |
| Interest expense on senior secured term loan | 368,000 | - | - | - |
| Interest income | 3,018,000 | 6,655,750* | - | - |
| Other (expense) income, net | -24,000 | -7,176,000 | 1,081,000 | 2,960,000 |
| Total other income (expense), net | -3,637,000 | -2,352,000 | 1,081,000 | 2,960,000 |
| Loss before income taxes | -80,987,000 | -240,336,000 | -51,499,000 | -52,203,000 |
| Income tax (benefit) provision | - | 106,000 | - | 20,000 |
| Net loss | -80,987,000 | -240,442,000 | -51,499,000 | -52,223,000 |
| Unrealized (loss) gain on investments | -341,000 | 79,000 | 35,000 | 30,000 |
| Foreign currency translation adjustment | 28,000 | -74,000 | -10,000 | -265,000 |
| Comprehensive loss | -81,300,000 | -240,437,000 | -51,474,000 | -52,458,000 |
| Basic EPS | -1.46 | -4.528 | -1.22 | -1.25 |
| Diluted EPS | -1.46 | -4.528 | -1.22 | -1.25 |
| Basic Average Shares | 55,624,631 | 53,094,666 | 42,159,340 | 41,865,400 |
| Diluted Average Shares | 55,624,631 | 53,094,666 | 42,159,340 | 41,865,400 |
Zenas BioPharma, Inc. (ZBIO)
Zenas BioPharma, Inc. (ZBIO)