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Annual · values202520242023202220212020201920182017
Operating Cash Flow-33.54 M USD-67.72 M USD-96.23 M USD-113.66 M USD-109.75 M USD-94.33 M USD-91.36 M USD-42.56 M USD6.48 M USD
Depreciation & Amortization391000 USD487000 USD578000 USD1.29 M USD8.35 M USD7.96 M USD6.32 M USD1.29 M USD684000 USD
Stock-Based Compensation5.25 M USD4.39 M USD7.32 M USD13.05 M USD17.25 M USD13.25 M USD7.63 M USD2.62 M USD277000 USD
Capital Expenditures0 USD75000 USD228000 USD1.28 M USD2.40 M USD3.73 M USD21.83 M USD24.94 M USD1.96 M USD
Cash Flow from Investing7.00 M USD19.93 M USD101.33 M USD36.72 M USD-50.79 M USD204.90 M USD-51.80 M USD-121.79 M USD-81.53 M USD
Cash Flow from Financing-3.13 M USD95.14 M USD184000 USD596000 USD52.17 M USD53.09 M USD158.21 M USD150.99 M USD115.23 M USD
Dividends Paid
Stock Buybacks
Free Cash Flow-33.54 M USD-67.79 M USD-96.46 M USD-114.95 M USD-112.15 M USD-98.06 M USD-113.19 M USD-67.50 M USD4.52 M USD

Q32 Bio Inc. is a clinical-stage biotechnology company developing biologic therapeutics that target potent regulators of the innate and adaptive immune systems to re-balance immunity in autoimmune and inflammatory diseases. Its primary focus is on bempikibart (ADX-914), a fully human anti-IL-7Rα antibody designed to block signaling mediated by IL-7 and TSLP, thereby re-regulating adaptive immune function. This candidate is being evaluated in the ongoing Phase 2 SIGNAL-AA trial for alopecia areata, with enrollment completed in Part B and topline data anticipated in mid-2026. Previously, the company advanced ADX-097, a tissue-targeted complement inhibitor, through Phase 1 and into Phase 2 development for complement disorders before selling it to Akebia Therapeutics while retaining its underlying platform, including ADX-096 for potential ophthalmologic indications. Q32 Bio also maintains other C3d mAb fusions and nanobodies aimed at tissue-targeted complement inhibition. Headquartered in Waltham, Massachusetts and founded in 2017, Q32 Bio plays a role in the biotechnology sector by addressing unmet needs in immune-mediated conditions through innovative antibody-based therapies.