Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -70%

Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, Precision Medicine, and Aging Population & Chronic Disease. Themes include Gene Editing & Therapy, Show more.

Weak multi-year price returns
2Y Excs Rtn is -135%, 3Y Excs Rtn is -170%

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -19 Mil

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -72%

Key risks
INAB key risks include [1] substantial doubt about its ability to continue as a going concern given its cash position is insufficient to fund operations for the next 12 months and [2] challenges related to manufacturing scale-up and process optimization for its product candidates.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -70%
1 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, Precision Medicine, and Aging Population & Chronic Disease. Themes include Gene Editing & Therapy, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -135%, 3Y Excs Rtn is -170%
3 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -19 Mil
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -72%
6 Key risks
INAB key risks include [1] substantial doubt about its ability to continue as a going concern given its cash position is insufficient to fund operations for the next 12 months and [2] challenges related to manufacturing scale-up and process optimization for its product candidates.

INAB in ETFs

Weight = INAB's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/5/2026

IN8bio (INAB) stock has lost about 15% since 2/28/2026 because of the following key factors:

1. Continued Net Losses Despite Narrowing in Fiscal Q1 2026.

IN8bio, as a clinical-stage biopharmaceutical company, continues to incur significant operational losses. While the company reported a narrower net loss of $5.1 million, or $0.26 per share, for fiscal Q1 2026, compared to $5.6 million in the prior-year period, the ongoing absence of revenue and a sustained cash burn rate can pressure investor sentiment.

2. "Sell the News" Reaction to Promising Clinical Trial Data.

Despite the presentation of encouraging updated clinical data for its glioblastoma programs (INB-200 and INB-400) at the ASCO 2026 Annual Meeting on June 1, 2026, the stock experienced a notable decline on the day of the announcement. The data showed median progression-free survival for repeat-dose patients reaching 13.0 months versus 6.6 months for standard-of-care, and median overall survival exceeding 19.5 months versus 13.2 months for standard-of-care, with no reported dose-limiting toxicities. However, this positive news may have been largely anticipated or already priced into the stock, leading to a "sell the news" reaction from investors.

Show more
Updated on 6/5/2026

IN8bio (INAB) stock has lost about 15% since 2/28/2026 because of the following key factors:

1. Continued Net Losses Despite Narrowing in Fiscal Q1 2026.

IN8bio, as a clinical-stage biopharmaceutical company, continues to incur significant operational losses. While the company reported a narrower net loss of $5.1 million, or $0.26 per share, for fiscal Q1 2026, compared to $5.6 million in the prior-year period, the ongoing absence of revenue and a sustained cash burn rate can pressure investor sentiment.

2. "Sell the News" Reaction to Promising Clinical Trial Data.

Despite the presentation of encouraging updated clinical data for its glioblastoma programs (INB-200 and INB-400) at the ASCO 2026 Annual Meeting on June 1, 2026, the stock experienced a notable decline on the day of the announcement. The data showed median progression-free survival for repeat-dose patients reaching 13.0 months versus 6.6 months for standard-of-care, and median overall survival exceeding 19.5 months versus 13.2 months for standard-of-care, with no reported dose-limiting toxicities. However, this positive news may have been largely anticipated or already priced into the stock, leading to a "sell the news" reaction from investors.

3. Potential Share Dilution from Expanded Equity Incentive Plan.

Shareholders approved an Amended and Restated 2026 Equity Incentive Plan during fiscal Q1 2026, which made an additional 2,920,000 shares available for awards. While intended for talent retention and motivation, the expansion of potential equity-based compensation can be viewed by investors as a source of future share dilution, putting downward pressure on the stock price, especially for a small-cap biotechnology company.

4. Broader Biotechnology Sector Weakness.

The overall biotechnology sector experienced headwinds during the specified period. As of June 5, 2026, the Zacks Biomedical and Genetics industry, which includes IN8bio, had lost 3.5% year-to-date, while the broader Zacks Medical sector declined by 7.4%. This general market sentiment and sector-specific weakness likely contributed to IN8bio's stock performance, irrespective of company-specific developments.

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Stock Movement Drivers

Fundamental Drivers

The -15.9% change in INAB stock from 2/28/2026 to 6/20/2026 was primarily driven by a -76.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)22820266202026Change
Stock Price ($)1.701.43-15.9%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)519-76.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/20/2026
ReturnCorrelation
INAB-15.9% 
Market (SPY)9.2%16.1%
Sector (XLV)-6.4%9.3%

Fundamental Drivers

The -27.8% change in INAB stock from 11/30/2025 to 6/20/2026 was primarily driven by a -76.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)113020256202026Change
Stock Price ($)1.981.43-27.8%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)519-76.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/20/2026
ReturnCorrelation
INAB-27.8% 
Market (SPY)9.9%18.7%
Sector (XLV)-4.4%10.0%

Fundamental Drivers

The 864.9% change in INAB stock from 5/31/2025 to 6/20/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)53120256202026Change
Stock Price ($)0.151.43864.9%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)319-86.8%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/20/2026
ReturnCorrelation
INAB864.9% 
Market (SPY)28.1%8.1%
Sector (XLV)14.6%6.3%

Fundamental Drivers

The -98.4% change in INAB stock from 5/31/2023 to 6/20/2026 was primarily driven by a -95.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)53120236202026Change
Stock Price ($)91.201.43-98.4%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)119-95.8%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/20/2026
ReturnCorrelation
INAB-98.4% 
Market (SPY)85.7%4.3%
Sector (XLV)22.9%4.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
INAB Return-56%-47%-40%-81%-70%-37%-100%
Peers Return-29%-66%-53%-39%-22%27%-93%
S&P 500 Return27%-19%24%23%16%8%98%

Monthly Win Rates [3]
INAB Win Rate33%42%25%33%58%17% 
Peers Win Rate43%33%33%37%40%53% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
INAB Max Drawdown--70%-79%-87%-99%-48% 
Peers Max Drawdown-62%-74%-84%-77%-61%-43% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ACET, ALLO, FATE, NKTX, ATRA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)

How Low Can It Go

EventINABS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-52.4%-9.5%
  % Gain to Breakeven110.1%10.5%
  Time to Breakeven15 days24 days
2023 SVB Regional Banking Crisis
  % Loss-44.7%-6.7%
  % Gain to Breakeven81.0%7.1%
  Time to Breakeven3 days31 days

Compare to ACET, ALLO, FATE, NKTX, ATRA

In The Past

IN8bio's stock fell -52.4% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 110.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventINABS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-52.4%-9.5%
  % Gain to Breakeven110.1%10.5%
  Time to Breakeven15 days24 days
2023 SVB Regional Banking Crisis
  % Loss-44.7%-6.7%
  % Gain to Breakeven81.0%7.1%
  Time to Breakeven3 days31 days

Compare to ACET, ALLO, FATE, NKTX, ATRA

In The Past

IN8bio's stock fell -52.4% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 110.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About IN8bio (INAB)

IN8bio (INAB) is a clinical-stage biotechnology company dedicated to developing innovative cell therapies for cancer. The company leverages the unique properties of gamma-delta T cells, a distinct type of immune cell, to create new treatment modalities. By focusing on these specialized cells, IN8bio aims to develop powerful and targeted therapies to combat various forms of cancer.

The company's pipeline features several product candidates targeting different cancer types. Its lead therapeutic candidates include INB-200, an autologous (patient-specific) genetically modified gamma-delta T cell therapy currently in Phase I clinical trials for the treatment of glioblastoma and other solid tumors. Another key candidate is INB-100, an allogeneic (donor-derived) product in Phase I trials for patients with acute leukemia undergoing hematopoietic stem cell transplantation. Additionally, IN8bio has preclinical programs, INB-400 and INB-300, which are being developed for a range of solid tumor cancers, indicating a broader future market focus beyond its current clinical trials.

AI Analysis | Feedback

Here are a few analogies to describe IN8bio:

  • Bluebird Bio for gamma-delta T-cell cancer therapies.

  • Like an aspiring Vertex Pharmaceuticals, but pioneering a new frontier in cancer cell therapy.

  • An early-stage Amgen, but solely focused on developing cutting-edge gamma-delta T-cell treatments for cancer.

AI Analysis | Feedback

  • INB-200: A genetically modified autologous gamma-delta T cell therapy in Phase I clinical trial for glioblastoma and solid tumors.
  • INB-100: An allogeneic gamma-delta T cell therapy in Phase I clinical trial for acute leukemia patients undergoing hematopoietic stem cell transplantation.
  • INB-400: A preclinical gamma-delta T cell therapy candidate targeting various solid tumor cancers.
  • INB-300: A preclinical gamma-delta T cell therapy candidate targeting various solid tumor cancers.

AI Analysis | Feedback

IN8bio, Inc. (INAB) is a clinical-stage biotechnology company focused on the discovery, development, and eventual commercialization of gamma-delta T cell therapies for the treatment of cancers. As its product candidates (INB-200, INB-100, INB-400, and INB-300) are currently in Phase I clinical trials or preclinical development, the company is not yet commercializing or selling these therapies.

Therefore, IN8bio does not currently have major commercial customers in the traditional sense of selling products or services. However, upon successful development, regulatory approval, and commercialization, its customer base would primarily consist of individual patients. Based on its pipeline, the categories of customers (patients) that IN8bio aims to serve include:

  • Patients with glioblastoma and other solid tumors: These individuals would be the target recipients for therapies like INB-200, INB-400, and INB-300, which are being developed for the treatment of glioblastoma and various solid tumor cancers.
  • Patients with acute leukemia undergoing hematopoietic stem cell transplantation: This category would be served by therapies such as INB-100, designed to treat patients with acute leukemia.

AI Analysis | Feedback

KBI Biopharma

AI Analysis | Feedback

William Ho, President, Chief Executive Officer, and Co-Founder

William Ho is a Co-Founder of IN8bio and has served as its President, Chief Executive Officer, and Director since its inception. With nearly 24 years of experience in the biotechnology industry, Mr. Ho previously founded and managed AlephPoint Capital, a private healthcare investment fund, from 2014 to 2017. Before that, he was the Public Investment Director at New Leaf Venture Partners, a leading healthcare venture capital firm, from 2010 to 2014, where he launched and managed public investments and crossover portfolios. He also held roles as a Senior Equity Research Analyst at Bank of America and an Equity Research Analyst at Piper Jaffray & Co., covering biotechnology and life-science tools sectors. Earlier in his career, he was involved in FP&A and operational analysis at CuraGen Corporation and worked on the Healthcare Investment Banking team at Cowen, Inc..

Patrick McCall, Chief Financial Officer

Patrick McCall joined IN8bio as Chief Financial Officer in February 2021. He brings over 20 years of experience in global finance, accounting, and capital raising. Prior to IN8bio, Mr. McCall was the Vice President of Finance at Turnstone Biologics Corp., a clinical-stage biotechnology company, where he played a role in multiple financing rounds, a significant collaboration with a global pharmaceutical company, and an acquisition. He also served as Corporate Controller at Catalyst Biosciences, a publicly traded biopharmaceutical company, where he was part of the team that successfully completed its initial public offering. His earlier career included 11 years in various finance, accounting, and operational positions at companies such as Apple, Chubb, and as an auditor at Deloitte.

Lawrence Lamb, Ph.D., Executive Vice President, Chief Scientific Officer, and Co-Founder

Dr. Lawrence Lamb is a Co-Founder of IN8bio and has served as its Executive Vice President and Chief Scientific Officer since January 2019. He is widely recognized as a leader in the field of gamma-delta (γδ) T cells. Dr. Lamb was a Professor of Medicine at the University of Alabama at Birmingham (UAB) from 2004 to 2018, specializing in transplantation immunology and directing the UAB Cell Therapy Laboratory. He was the first to describe the association between relapse-free survival and homeostatic gamma-delta T cell recovery in high-risk leukemia patients. His extensive research at UAB led to the scientific foundation for chemotherapy-resistant gamma-delta T cell-based immunotherapy for high-grade brain tumors, which ultimately culminated in the formation of IN8bio.

Kate Rochlin, Ph.D., President and Chief Operating Officer

Dr. Kate Rochlin was promoted to President and Chief Operating Officer of IN8bio on February 9, 2026. She has been with the company since August 2020, serving as COO since December 2021 and previously as Vice President and Associate Vice President of Operations and Innovation. Dr. Rochlin brings over 17 years of experience in biotechnology company development, encompassing scientific research, intellectual property, business development, and clinical manufacturing. Prior to joining IN8bio, she was the Chief Business Officer at Curadigm, a biotechnology company, where she was instrumental in its spin-out from Nanobiotix and in developing collaborations and partnerships for a novel drug delivery platform. Dr. Rochlin also co-founded Immunovent, a biotechnology company, where she previously served as Chief Scientific Officer.

AI Analysis | Feedback

The key risks for IN8bio (INAB) primarily stem from its status as a clinical-stage biotechnology company with a concentrated pipeline in a highly competitive market.

  1. Ability to Continue as a Going Concern and Need for Additional Financing

    IN8bio has reported a limited cash runway, leading management to express substantial doubt about the company's ability to continue as a going concern without securing additional capital or strategic transactions. As of December 31, 2025, IN8bio had cash of $27.1 million, which is anticipated to fund operations only into April 2027. The company generates no revenue and is entirely dependent on capital raises to finance its operations and advance its product candidates, indicating a recurring need for dilutive financing events.

  2. Clinical Trial Success and Regulatory Approval

    As a clinical-stage company, IN8bio's future is heavily reliant on the successful outcome of its product candidates in clinical trials and their subsequent regulatory approval. Its lead candidates, INB-200 and INB-100, are in Phase I clinical trials, and others are in preclinical stages. The progression to larger, pivotal trials carries the inherent risk of unexpected serious adverse events or a failure to meet efficacy endpoints, which could halt development programs. The early-stage nature and small cohort sizes of current data, while promising, do not guarantee future success in larger studies.

  3. Intense Competition

    IN8bio operates in a highly competitive and rapidly evolving environment within the cancer therapy market. The company faces competition from numerous pharmaceutical and biotechnology companies, many of which have significantly greater financial, technical, and human resources, as well as more established product pipelines and marketing capabilities.

AI Analysis | Feedback

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AI Analysis | Feedback

The addressable markets for IN8bio's main products are as follows:

  • INB-200 (Glioblastoma and Solid Tumors):
    • For glioblastoma multiforme treatment, the global market was valued at approximately USD 3.6 billion in 2024 and is projected to reach USD 8.3 billion by 2034. The U.S. glioblastoma multiforme treatment market accounted for USD 1.4 billion in revenue in 2024. Other estimates for the global glioblastoma multiforme treatment market include USD 4.04 billion in 2025, projected to reach USD 7.87 billion by 2033, and USD 2.78 billion in 2024, expected to reach approximately USD 5.68 billion by 2033.
    • For solid tumors, the global solid tumors market size (including therapeutics) reached a value of approximately USD 170.3 billion in 2023 and is expected to reach USD 375.4 billion by 2034. Another report estimates the global solid tumors market size at USD 362.21 billion in 2024, projected to reach USD 1557.42 billion by 2032. The solid tumor therapeutics market was valued at USD 207.29 billion in 2025 and is forecast to reach USD 326.82 billion by 2031.
  • INB-100 (Acute Leukemia):
    • For acute myeloid leukemia (AML) treatment, the global market size was estimated at USD 3.87 billion in 2025 and is projected to reach around USD 10.64 billion by 2035. Another estimate places the global acute myeloid leukemia market size at USD 2.82 billion in 2025, with projections to reach USD 7.65 billion by 2035. In 2024, the global acute myeloid leukemia treatment market was estimated at USD 3.47 billion and is projected to reach USD 6.29 billion by 2030. North America dominated the global acute myeloid leukemia treatment market with a 38% share in 2025, with the U.S. accounting for 90.9% of the North American market in 2024.
  • INB-400 and INB-300 (Various Solid Tumor Cancers):
    • These products target various solid tumor cancers, and their addressable market is encompassed by the broader solid tumors market sizes mentioned above. The global solid tumors market (including therapeutics) was valued at approximately USD 170.3 billion in 2023, expected to reach USD 375.4 billion by 2034. The global solid tumors market size was also reported as USD 362.21 billion in 2024, projected to reach USD 1557.42 billion by 2032.

AI Analysis | Feedback

The expected drivers of future revenue growth for IN8bio (INAB) over the next 2-3 years are centered on the successful advancement and potential commercialization of its pipeline of gamma-delta T cell therapies.

  1. Advancement and potential commercialization of INB-100 for Acute Myeloid Leukemia (AML): INB-100 is IN8bio's top priority clinical program, an allogeneic gamma-delta T cell therapy designed as a post-transplant maintenance treatment for AML. Promising Phase 1 clinical trial results have shown 100% of AML patients remaining in complete remission. The company has received FDA guidance and intends to submit an Investigational New Drug (IND) application in the first quarter of 2025, which could lead to a registrational trial later that year, with long-term follow-up results anticipated in late 2025 and 2026.
  2. Advancement and potential commercialization of INB-200/INB-400 for Glioblastoma (GBM): INB-200 (autologous) and INB-400 are gamma-delta T cell product candidates for the treatment of glioblastoma and solid tumors. Updated clinical data from Phase 1 (INB-200) and Phase 2 (INB-400) trials in newly diagnosed glioblastoma have demonstrated a nearly doubled median progression-free survival (13.0 months) compared to standard-of-care controls (6.6 months). While enrollment for INB-400 has been suspended to optimize resource allocation, IN8bio continues to monitor enrolled patients and expects to provide further clinical updates in mid- and late-2026, with plans to seek FDA guidance on potential regulatory pathways and evaluate partnership opportunities for this program.
  3. Development and potential commercialization of the gamma-delta T cell engager (TCE) platform, including INB-619: IN8bio is also developing a next-generation gamma-delta T cell engager platform, exemplified by INB-619, which targets CD19 for both oncology and autoimmune diseases. The company anticipates providing IND-enabling data and initial animal results for INB-619 in the second half of 2026. This platform represents a new class of products that could contribute to future revenue growth through successful preclinical and clinical development.

AI Analysis | Feedback

Share Issuance

  • IN8bio completed its Initial Public Offering (IPO) in July 2021.
  • In April 2023, the company sold 2,111,588 shares of common stock for approximately $4,823,319 through an "at-the-market" offering.
  • In December 2025, IN8bio completed an initial closing of a private placement, generating approximately $20.1 million in gross proceeds through the sale of common stock and pre-funded warrants, with a potential for an additional $20.1 million milestone-based closing.
  • As of November 2025, IN8bio filed a shelf registration to offer up to $200 million in various securities, including common stock, for future funding.

Inbound Investments

  • An October 2024 private placement, led by an existing healthcare-focused institutional investor and including other institutional investors, generated approximately $12.4 million in gross proceeds for IN8bio.
  • The December 2025 private placement, with an initial closing of $20.1 million and up to an additional $20.1 million tied to development milestones, was led by Coastlands Capital with participation from new and existing investors such as Stonepine Capital Management and 683 Capital Partners, LP.

Capital Expenditures

  • IN8bio's capital expenditures in the last 12 months amounted to -$33,000, indicating minimal spending on long-term assets.
  • Proceeds from share issuances are allocated to fund the clinical development of product candidates, working capital, and general corporate purposes.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1IN8bio Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

INABACETALLOFATENKTXATRAMedian
NameIN8bio Adicet B.Allogene.Fate The.Nkarta Atara Bi. 
Mkt Price1.438.102.002.092.8610.072.47
Mkt Cap0.00.10.50.30.20.10.2
Rev LTM00060230
Op Inc LTM-19-114-188-139-116-6-115
FCF LTM-15-92-110-108-88-26-90
FCF 3Y Avg-19-95-178-124-104-93-99
CFO LTM-15-91-109-103-87-26-89
CFO 3Y Avg-19-93-178-121-94-92-93

Growth & Margins

INABACETALLOFATENKTXATRAMedian
NameIN8bio Adicet B.Allogene.Fate The.Nkarta Atara Bi. 
Rev Chg LTM----52.6%--88.4%-70.5%
Rev Chg 3Y Avg----14.0%-115.8%50.9%
Rev Chg Q----20.3%--99.5%-59.9%
QoQ Delta Rev Chg LTM----5.0%--80.8%-42.9%
Op Inc Chg LTM26.9%10.1%25.8%24.9%11.9%57.2%25.4%
Op Inc Chg 3Y Avg12.4%-1.6%18.9%18.9%2.7%54.9%15.6%
Op Mgn LTM----2,207.5%--24.8%-1,116.1%
Op Mgn 3Y Avg----2,296.1%--233.6%-1,264.8%
QoQ Delta Op Mgn LTM---15.0%--54.9%-20.0%
CFO/Rev LTM----1,632.3%--111.8%-872.1%
CFO/Rev 3Y Avg----1,556.1%--225.4%-890.7%
FCF/Rev LTM----1,711.4%--111.8%-911.6%
FCF/Rev 3Y Avg----1,602.6%--226.3%-914.5%

Valuation

INABACETALLOFATENKTXATRAMedian
NameIN8bio Adicet B.Allogene.Fate The.Nkarta Atara Bi. 
Mkt Cap0.00.10.50.30.20.10.2
P/S---39.7-6.122.9
P/Op Inc-1.4-0.8-2.6-1.8-1.8-24.7-1.8
P/EBIT-1.4-0.8-2.8-1.8-1.8-24.3-1.8
P/E-1.5-0.8-2.8-1.9-2.1-15.0-2.0
P/CFO-1.9-1.0-4.4-2.4-2.4-5.5-2.4
Total Yield-68.2%-125.1%-36.2%-51.8%-47.1%-6.7%-49.4%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-2,005.9%-106.0%-37.3%-75.9%-51.8%-111.3%-91.0%
D/E0.10.20.20.30.40.10.2
Net D/E-0.7-1.4-0.4-0.4-0.70.0-0.6

Returns

INABACETALLOFATENKTXATRAMedian
NameIN8bio Adicet B.Allogene.Fate The.Nkarta Atara Bi. 
1M Rtn-14.9%2.7%2.0%-0.5%-5.6%7.8%0.8%
3M Rtn-28.5%17.1%-3.4%90.0%33.6%105.1%25.3%
6M Rtn18.2%2.5%40.8%99.0%59.8%-41.4%29.5%
12M Rtn-34.4%-24.4%62.6%75.6%61.6%26.8%44.2%
3Y Rtn-97.6%-89.0%-57.5%-63.9%-38.0%-78.8%-71.4%
1M Excs Rtn-3.4%9.7%3.8%8.6%4.7%5.0%4.9%
3M Excs Rtn-30.4%1.0%-23.4%80.0%18.3%83.1%9.6%
6M Excs Rtn-15.0%-1.4%19.6%81.4%46.8%-53.0%9.1%
12M Excs Rtn-58.5%-50.1%28.5%48.8%32.6%3.7%16.1%
3Y Excs Rtn-169.6%-161.2%-136.6%-134.0%-111.0%-152.9%-144.7%

Comparison Analyses

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Financials

Segment Financials

Net Income by Segment
$ Mil20252024
Discovery, development and commercialization of gamma-delta T cell product candidates for solid and-19-30
Total-19-30


Assets by Segment
$ Mil20242023202220212020
Discovery, development and commercialization of gamma-delta T cell product candidates for solid and21    
Single Segment 34334221
Total2134334221


Price Behavior

Price Behavior
Market Price$1.43 
Market Cap ($ Bil)0.0 
First Trading Date07/30/2021 
Distance from 52W High-44.8% 
   50 Days200 Days
DMA Price$1.53$1.83
DMA Trenddowndown
Distance from DMA-6.3%-21.7%
 3M1YR
Volatility65.0%82.3%
Downside Capture204.18161.95
Upside Capture-3.5067.77
Correlation (SPY)12.7%25.8%
INAB Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta0.720.450.931.5024.135.61
Up Beta-2.99-1.380.500.9851.226.84
Down Beta5.183.921.633.052.670.82
Up Capture271%150%94%90%3092%291%
Bmk +ve Days13283667141432
Stock +ve Days11213155100298
Down Capture-143%108%95%131%158%114%
Bmk -ve Days7132757109318
Stock -ve Days7182965139420

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with INAB
INAB-31.4%82.2%-0.11-
Sector ETF (XLV)14.0%15.0%0.6615.0%
Equity (SPY)26.5%12.4%1.6125.5%
Gold (GLD)24.2%27.5%0.7715.5%
Commodities (DBC)19.8%18.8%0.83-0.5%
Real Estate (VNQ)11.0%13.7%0.526.9%
Bitcoin (BTCUSD)-40.0%42.5%-1.0824.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with INAB
INAB-63.5%1,541.1%0.42-
Sector ETF (XLV)5.4%14.7%0.193.6%
Equity (SPY)13.5%17.1%0.623.6%
Gold (GLD)17.1%18.3%0.76-3.2%
Commodities (DBC)7.5%19.4%0.292.2%
Real Estate (VNQ)1.9%18.9%0.001.9%
Bitcoin (BTCUSD)11.0%54.2%0.402.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with INAB
INAB-39.5%1,541.1%0.42-
Sector ETF (XLV)9.4%16.6%0.463.6%
Equity (SPY)15.3%18.0%0.733.6%
Gold (GLD)12.3%16.1%0.63-3.2%
Commodities (DBC)5.9%18.0%0.262.2%
Real Estate (VNQ)5.3%20.7%0.221.9%
Bitcoin (BTCUSD)60.0%66.8%1.002.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 5152026-33.6%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1.3 days
Basic Shares Quantity19.5 Mil
Short % of Basic Shares0.6%

Earnings Returns History

Updated 6/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/20252.1%-10.8%-15.5%
3/13/2025-0.4%2.9%-32.8%
11/12/2024-9.5%-9.4%-16.9%
8/8/20242.2%-11.9%-55.4%
5/9/20240.0%1.0%29.7%
3/14/2024-1.7%7.8%-12.1%
11/9/20233.0%-8.8%26.7%
8/10/20231.7%-0.9%-14.8%
...
SUMMARY STATS   
# Positive967
# Negative698
Median Positive2.2%7.9%26.7%
Median Negative-2.5%-8.8%-19.8%
Max Positive7.8%44.5%52.3%
Max Negative-9.5%-21.3%-55.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/20252.1%-10.8%-15.5%
3/13/2025-0.4%2.9%-32.8%
11/12/2024-9.5%-9.4%-16.9%
8/8/20242.2%-11.9%-55.4%
5/9/20240.0%1.0%29.7%
3/14/2024-1.7%7.8%-12.1%
11/9/20233.0%-8.8%26.7%
8/10/20231.7%-0.9%-14.8%
5/12/20237.8%44.5%8.7%
11/10/20226.4%-1.3%52.3%
8/12/20222.2%-0.5%45.9%
5/12/20222.2%12.9%6.7%
3/17/2022-3.3%7.9%12.6%
11/10/2021-4.8%-5.8%-22.6%
9/10/2021-0.4%-21.3%-30.9%
SUMMARY STATS   
# Positive967
# Negative698
Median Positive2.2%7.9%26.7%
Median Negative-2.5%-8.8%-19.8%
Max Positive7.8%44.5%52.3%
Max Negative-9.5%-21.3%-55.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202503/12/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/07/202510-Q
12/31/202403/13/202510-K
09/30/202411/12/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202303/14/202410-K
09/30/202311/09/202310-Q
06/30/202308/10/202310-Q
03/31/202305/12/202310-Q
12/31/202203/30/202310-K
09/30/202211/10/202210-Q
06/30/202208/12/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202503/12/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/07/202510-Q
12/31/202403/13/202510-K
09/30/202411/12/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202303/14/202410-K
09/30/202311/09/202310-Q
06/30/202308/10/202310-Q
03/31/202305/12/202310-Q
12/31/202203/30/202310-K
09/30/202211/10/202210-Q
06/30/202208/12/202210-Q
03/31/202205/12/202210-Q
12/31/202103/17/202210-K
09/30/202111/10/202110-Q
06/30/202109/10/202110-Q
03/31/202107/30/2021424B4
06/30/202011/05/2020S-1/A
Core Cache Last Updated: 6/20/2026