HCW Biologics annual net debt
2021
2022
2023
2024
2025
HCW Biologics Net Debt Growth & History (HCWB)
HCW Biologics's net debt was $4.9M for fiscal 2025.
View full HCW Biologics company overviewHCW Biologics annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $4.9M | −$4.2M | −46.14% |
| 2024 | 2024-12-31 | $9.0M | $6.3M | +229.40% |
| 2023 | 2023-12-31 | $2.7M | $18.5M | — |
| 2022 | 2022-12-31 | −$15.7M | −$4.0M | — |
| 2021 | 2021-12-31 | −$11.7M | — | — |
HCW Biologics quarterly net debt
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $5.8M | $1.5M | +33.81% |
| Q1 2026 | 2026-03-31 | $5.3M | −$7.5M | −58.32% |
| Q4 2025 | 2025-12-31 | $4.9M | −$4.2M | −46.14% |
| Q3 2025 | 2025-09-30 | $5.7M | −$6.1M | −51.63% |
| Q2 2025 | 2025-06-30 | $4.3M | −$4.4M | −50.23% |
| Q1 2025 | 2025-03-31 | $12.8M | $8.6M | +206.23% |
| Q4 2024 | 2024-12-31 | $9.0M | $6.3M | +229.40% |
| Q3 2024 | 2024-09-30 | $11.8M | $16.6M | — |
| Q2 2024 | 2024-06-30 | $8.7M | $9.7M | — |
| Q1 2024 | 2024-03-31 | $4.2M | $16.0M | — |
| Q4 2023 | 2023-12-31 | $2.7M | $18.5M | — |
| Q3 2023 | 2023-09-30 | −$4.8M | $14.7M | — |
| Q2 2023 | 2023-06-30 | −$977,074 | $14.2M | — |
| Q1 2023 | 2023-03-31 | −$11.9M | $6.0M | — |
| Q4 2022 | 2022-12-31 | −$15.7M | −$4.0M | — |
| Q3 2022 | 2022-09-30 | −$19.5M | −$4.4M | — |
| Q2 2022 | 2022-06-30 | −$15.2M | −$10.1M | — |
| Q1 2022 | 2022-03-31 | −$17.8M | — | — |
| Q4 2021 | 2021-12-31 | −$11.7M | — | — |
| Q3 2021 | 2021-09-30 | −$15.1M | — | — |
| Q2 2021 | 2021-06-30 | −$5.1M | — | — |
HCW Biologics net debt trends
Between the periods ended 2021-12-31 and 2025-12-31, HCW Biologics's net debt increased from −$11.7M to $4.9M, a change of $16.6M. The latest reported quarter, Q2 2026, shows $5.8M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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