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Annual · values202520242023202220212020
Operating Cash Flow-13.39 M USD-14.23 M USD-22.51 M USD-10.39 M USD-10.98 M USD-10.43 M USD
Depreciation & Amortization1.04 M USD1.18 M USD1.14 M USD717854 USD543598 USD572868 USD
Stock-Based Compensation768623 USD1.01 M USD1.00 M USD1.12 M USD360975 USD21875 USD
Capital Expenditures0 USD261617 USD6.20 M USD10.28 M USD47263 USD186682 USD
Cash Flow from Investing0 USD-261617 USD3.80 M USD14.71 M USD-35.02 M USD-186682 USD
Cash Flow from Financing10.67 M USD15.57 M USD-14534 USD6.27 M USD49.27 M USD11.72 M USD
Dividends Paid
Stock Buybacks
Free Cash Flow-13.39 M USD-14.49 M USD-28.72 M USD-20.66 M USD-11.02 M USD-10.62 M USD

HCW Biologics Inc. is a clinical-stage biopharmaceutical company dedicated to discovering and developing novel immunotherapies that target inflammaging—the chronic, low-grade inflammation linked to age-related diseases. The company focuses on conditions including cancer, cardiovascular disease, diabetes, neurodegenerative diseases, and autoimmune disorders. HCW Biologics leverages two proprietary discovery platforms: TOBI™ (Tissue factOr-Based fusIon) and TRBC (T-cell Receptor β Chain constant region), which enable the design of multi-functional fusion molecules that simultaneously activate immune responses and target diseased cells. The company maintains a pipeline of over 50 molecules in development, with lead candidates currently advancing through clinical trials for oncology and autoimmune indications. HCW Biologics collaborates with key partners including Wugen Inc. for cell therapy manufacturing and maintains a joint venture with WY Biotech. Founded in 2018 and headquartered in Miramar, Florida, the company operates as a publicly traded entity pursuing immunotherapy innovation in the biopharmaceutical sector.