Sana Biotechnology, Inc. SANA R2K
Sana Biotechnology, Inc., a biotechnology company, focuses on utilizing engineered cells as medicines in the United States. It develops ex vivo and in vivo cell engineering platforms for various therapeutic areas with unmet treatment needs, including type 1 diabetes, B cell mediated autoimmune diseases, and oncology. The company's product pipeline includes UP421, a HIP-modified allogeneic primary islet cell product, which is in phase 1 clinical trial to treat type 1 diabetes; SC451, a HIP-modified, stem cell derived pancreatic islet cell therapy, which is in preclinical trial for the treatment of type 1 diabetes; SG293 and SG299, a CD8-targeted fusosome for the treatment of B cell hematologic malignancies and B cell mediated autoimmune diseases. The company has an option and license agreement with Beam Therapeutics Inc. for use of Beam's proprietary CRISPR Cas12b nuclease editing technology to research, develop, and commercialize engineered cell therapy products; and a license agreement with Harvard College to access certain intellectual property for the development of hypoimmune-modified cells. The company has a strategic collaboration with Mayo Clinic for the development of SC451, a hypoimmune-modified pancreatic islet cell therapy for type 1 diabetes. The company was formerly known as FD Therapeutics, Inc. and changed its name to Sana Biotechnology, Inc. in September 2018. Sana Biotechnology, Inc. was incorporated in 2018 and is headquartered in Seattle, Washington.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
No notable strengths flagged.
CONS
- Trading 44.3% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SANA Sana Biotechnology, Inc. R2K | 3.30 | - | $918.36M | - | -60.83% | -147.41% | - | 3.13% |
| 2 | LLY Eli Lilly and Company SPX | 1,105.00 | 39.21 | $985.37B | 0.63% | 38.44% | 107.46% | 31.69% | 48.96% |
| 3 | JNJ Johnson & Johnson SPX | 225.33 | 26.11 | $542.42B | 2.38% | 23.13% | 26.42% | 5.60% | 14.32% |
| 4 | UNH UnitedHealth Group Incorporated SPX | 380.31 | 28.66 | $345.38B | 2.32% | 9.60% | 12.18% | 11.35% | -15.69% |
| 5 | MRK Merck & Co., Inc. SPX | 118.72 | 33.44 | $293.22B | 2.86% | 20.66% | 18.94% | 3.12% | 7.93% |
| 6 | TMO Thermo Fisher Scientific Inc. SPX | 492.51 | 27.11 | $183.03B | 0.38% | 9.17% | 13.52% | -0.27% | -1.19% |
| 7 | AMGN Amgen Inc. NDXSPX | 336.79 | 23.42 | $181.77B | 2.99% | 18.02% | 101.32% | 11.77% | 5.58% |
| 8 | GILD Gilead Sciences, Inc. NDXSPX | 134.43 | 18.29 | $166.90B | 2.44% | 22.92% | 43.36% | 2.57% | 22.83% |
| 9 | ISRG Intuitive Surgical, Inc. NDXSPXAI | 424.64 | 51.53 | $150.39B | - | 15.96% | 17.23% | 17.39% | 29.26% |
Quarterly Results
Figures in USD.
| Metric | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50.63M | 50.36M | 43.52M | 61.20M | 48.61M |
| Operating Income | -33.27M | -87.91M | -51.64M | -180.75M | 18.55M | -83.43M | -31.68M | -72.90M | -86.19M | -84.05M | -116.29M | -2.18M | -110.72M | -49.37M | -61.76M | -50.63M | -50.36M | -43.52M | -61.20M | -48.61M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -46.98M | -47.51M | -40.32M | -58.15M | -46.22M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -49.39M | -93.80M | -42.15M | -58.83M | -47.21M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | -32.88M | -87.81M | -51.45M | -180.62M | 18.68M | -83.26M | -31.45M | -72.47M | -85.12M | -82.12M | -114.00M | 984.00K | -107.47M | -50.29M | -59.92M | -49.39M | -93.80M | -42.15M | -58.83M | -47.21M |
| Diluted EPS | - | -7.18 | - | - | 0.09 | -0.46 | -0.17 | -0.39 | -0.45 | -0.43 | -0.59 | 0.00 | -0.49 | -0.21 | -0.25 | -0.21 | -0.39 | -0.16 | -0.21 | -0.17 |
| R&D Expense | 27.32M | 29.99M | 40.06M | 41.88M | 45.00M | 53.24M | 72.69M | 72.54M | 76.73M | 67.17M | 73.04M | 65.61M | 56.45M | 60.87M | 53.21M | 37.19M | 29.76M | 30.11M | - | 28.72M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | 0 | 0 | 0 | 0 |
| Cost of Revenue | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | 272.56M | 286.13M | 270.83M | 205.71M |
| Operating Income | -141.15M | -286.15M | - | -272.56M | -286.13M | -270.83M | -205.71M |
| EBITDA | - | - | - | -256.94M | -268.58M | -255.33M | -192.96M |
| Interest Expense | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | -269.48M | -283.25M | -266.76M | -244.17M |
| Tax Provision | - | - | 0 | - | - | - | - |
| Net Income | -130.78M | -285.31M | - | -269.48M | -283.25M | -266.76M | -244.17M |
| Diluted EPS | - | -21.92 | -2.14 | -1.43 | -1.46 | -1.16 | - |
| R&D Expense | 99.59M | 132.94M | 248.63M | 285.88M | 261.81M | 215.67M | 131.98M |
Compounded Sales Growth
| 5 Years: | - |
| 1 Year: | - |
Compounded Profit Growth
| 5 Years: | 3.13% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +52.07% |
| 6 Months: | -5.98% |
| 3 Months: | -21.62% |
| 1 Month: | +1.54% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 730.30M | - | 822.72M | 565.30M | 501.02M | 416.89M |
| Current Assets | - | - | - | - | 444.44M | 213.51M | 160.81M | 148.68M |
| Cash & Equivalents | - | - | 124.81M | - | 176.76M | 133.52M | 127.57M | 71.87M |
| Inventory | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | 298.58M | - | 323.40M | 277.79M | 250.52M | 256.01M |
| Current Liabilities | - | - | 31.45M | - | 111.50M | 64.49M | 45.43M | 78.73M |
| Long Term Debt | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | 108.25M | 104.10M | 94.20M | 78.86M |
| Total Equity | -13.19M | -142.54M | -421.18M | - | 499.31M | 287.51M | 250.50M | 160.88M |
| Shares Outstanding | - | - | - | - | 191.02M | 197.86M | 223.92M | 266.73M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -85.52M | -137.98M | - | -290.05M | -253.58M | -223.15M | -143.83M |
| Investing Cash Flow | -87.86M | -252.56M | - | 210.56M | 172.01M | 17.45M | -40.24M |
| Financing Cash Flow | 223.74M | 435.69M | - | 4.91M | 31.65M | 199.75M | 128.73M |
| Capital Expenditure | -26.12M | -23.87M | - | -20.88M | -20.03M | -33.43M | -938.00K |
| Free Cash Flow | -111.64M | -161.85M | - | -310.93M | -273.61M | -256.58M | -144.77M |
| Net Change in Cash | - | - | - | -74.58M | -49.92M | -5.95M | -55.33M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - |
| Operating Margin % | - | - | - | - | - | - | - |
| Net Margin % | - | - | - | - | - | - | - |
| ROE % | 91.7% | 67.7% | - | -54.0% | -98.5% | -106.5% | -151.8% |
| ROCE % | - | -40.9% | - | -38.3% | -57.1% | -59.4% | -60.8% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | FMR, LLC | 13.45% | 37.43M | $123.52M |
| 2 | Flagship Pioneering LLC | 8.98% | 25.00M | $82.51M |
| 3 | Blackrock Inc. | 5.12% | 14.24M | $46.99M |
| 4 | State Street Corporation | 3.79% | 10.54M | $34.78M |
| 5 | Canada Pension Plan Investment Board | 3.67% | 10.22M | $33.73M |
| 6 | Vanguard Capital Management LLC | 2.67% | 7.43M | $24.53M |
| 7 | BAILLIE GIFFORD & CO | 2.37% | 6.61M | $21.81M |
| 8 | Geode Capital Management, LLC | 1.50% | 4.18M | $13.80M |
| 9 | Marex Group Plc | 1.44% | 4.00M | $13.20M |
| 10 | Integral Health Asset Management, LLC | 1.15% | 3.20M | $10.56M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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