Revenue
2020
2021
2022
2023
2024
2025
HCW Biologics Inc. (HCWB)
Price—Loading quote
Net income
2020
2021
2022
2023
2024
2025
Free cash flow
2020
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $54,232 | $2.6M | $2.8M | $6.7M | $0 | $4.1M |
| Gross profit | $10,846 | $959,403 | $560,360 | $2.6M | $0 | — |
| Research & development | $5.4M | $6.4M | $7.7M | $9.3M | $8.2M | $7.3M |
| Operating expenses | $13.2M | $30.4M | $26.3M | $17.7M | $13.4M | $9.9M |
| Operating income | −$13.2M | −$29.5M | −$25.7M | −$15.1M | −$13.4M | −$5.8M |
| EBITDAderived | −$12.1M | −$28.3M | −$24.6M | −$14.4M | −$12.8M | −$5.3M |
| Net income | −$8.0M | −$30.0M | −$25.0M | −$14.9M | −$12.9M | −$5.8M |
| Basic EPSper diluted share | -$10.63 | -$30.96 | -$0.70 | -$0.42 | -$0.69 | -$1.49 |
| Diluted EPSper diluted share | -$10.63 | -$30.96 | -$0.70 | -$0.42 | -$0.69 | -$1.49 |
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| May 22, 2026Form 4 | Wong Hing CChief Executive Officer | BuyCommon Stock | 113.9K | $1.41 | $160.6K | 615.8K |
| May 22, 2026Form 4 | Wong Hing CChief Executive Officer | BuyCommon Stock Purchase Warrant · derivative | 113.9K | $0.00 | $0.00 | 118.1K |
| May 22, 2026Form 4 | GARRETT SCOTT TDirector | BuyCommon Stock · indirect | 177.9K | $1.41 | $250.9K | 203.4K |
| May 22, 2026Form 4 | GARRETT SCOTT TDirector | BuyCommon Stock Purchase Warrant · derivative · indirect | 177.9K | $0.00 | $0.00 | 180.6K |
| May 22, 2026Form 4 | Byam RebeccaChief Financial Officer | BuyCommon Stock | 14.2K | $1.41 | $20.1K | 57.2K |