# Mustang Bio Inc. (MBIO) — Operating Income

## Annual Operating Income (USD)

| Year | Operating Income |
| --- | --- |
| 2025 | -$2M |
| 2024 | -$13M |
| 2023 | -$51M |
| 2022 | -$76M |
| 2021 | -$67M |
| 2020 | -$57M |

## Quarterly Operating Income (USD)

| Quarter | Operating Income |
| --- | --- |
| 2026-03-31 | -$1M |
| 2025-12-31 | -$670,000 |
| 2025-09-30 | -$624,000 |
| 2025-06-30 | -$885,000 |
| 2025-03-31 | -$253,000 |
| 2024-12-31 | $26,000 |

Source: [CompaniesByCap](https://companiesbycap.com/company/MBIO/operating-income)