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Zymeworks Inc. ZYME R2K

Healthcare · Biotechnology · United States
https://www.zymeworks.com

Zymeworks Inc., a biotechnology company, develops biotherapeutics for the treatment of cancer, inflammation, and autoimmune diseases. The company's platforms include Azymetric multispecific antibody platform; Drug Conjugate platform that includes a suite of proprietary cytotoxins comprising topoisomerase and microtubulin inhibiting toxins, stable linkers, and conjugation technologies; EFECT platform, which consists of a set of modifications to the Fc region of antibodies; and ProTECT, a tumor-specific immune co-stimulation platform. Its lead product candidates include Ziihera (zanidatamab-hrii), a bispecific antibody targeting HER2-expressing tumors; zanidatamab for the treatment of neoadjuvant populations, breast cancer, and other HER2-expressing cancers; Pasritamig, a bispecific T cell engager targeting human kallikrein 2 for the treatment monotherapy and castration resistant prostate cancer; ZW191, a clinical- antibody-drug conjugates (ADC) that targets folate receptor alpha expressing tumors, including ovarian, endometrial, and non-small cell lung cancers; ZW251, a clinical-stage ADC molecule for the treatment of glypican 3 expressing hepatocellular carcinoma; ZW220, an ADC that targets NaPi2b-expressing NSCLC and ovarian cancer; ZW209, a novel TriTCE targeting Delta-like ligand 3 -expressing tumor cells for the treatment of solid tumors; and ZW1528, a bispecific molecule to treat chronic obstructive pulmonary disease. It has strategic partnerships and collaborations with Jazz Pharmaceuticals plc; Bristol- Myers Squibb company; Celgene Alpine Investment Co. LLC; GlaxoSmithKline Intellectual Property Development Limited; Daiichi Sankyo Co., Ltd.; Merck Sharp & Dohme Research GmbH; and Janssen Biotech, Inc. Zymeworks Inc. was incorporated in 2003 and is based in Middletown, Delaware.

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$25.13
+119.86% 1Y

Market & Price

Market Cap
$1.85B
Current Price
$25.13
High / Low (52W)
$28.56 / $11.43
Beta
1.19

Valuation

Stock P/E
-
Industry PE
23.65
Forward P/E
48.73
PEG Ratio
-
Book Value
$3.60
Price to Book
6.99
P/S
22.75
EV/EBITDA
-13.80
Dividend Yield
-

Profitability & Returns

ROCE
-30.42%
ROE
-42.02%
ROA
-15.78%
Profit Margin
-
Op Margin
-
EPS (Latest Qtr)
$-0.59
EPS (TTM)
$-1.37

Balance Sheet & Liquidity

Debt/Equity
0.10
Quick Ratio
10.36
Current Ratio
10.82
Debt
$17.04M
Total Assets
$346.53M
Current Assets
$248.77M
Working Capital
$206.45M

Ownership

Promoter Holding
1.27%
Chg in Prom Hold
-
FII / Inst Holding
98.99%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$1.49B
Total Revenue (TTM)
$81.26M
EBITDA
$-107.79M
Free Cash Flow
$-45.50M
Operating Cash Flow
$-75.32M
Shares Outstanding
73.02M
Gross Margin
-67.01%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
-36.43%
Profit 5Y
-55.08%
Revenue (YoY)
-91.10%
Earnings (YoY)
-

PROS

  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -36.4% CAGR over 5 years.
  • Earnings shrank at -55.1% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

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).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ZYME Zymeworks Inc. R2K 25.13 - $1.85B - -30.42% -42.02% -36.43% -55.08%
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%
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Quarterly Results

Figures in USD.

Metric Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue --4.39M1.92M5.44M2.63M35.58M7.00M16.51M10.03M19.24M--27.11M48.73M27.61M2.52M2.41M
Cost of Revenue ------------------
Gross Profit ------------------
Operating Expenses -------------52.74M49.35M49.68M46.63M49.56M
Operating Income ---60.96M-72.69M-65.82M-50.36M-27.28M-54.11M-33.24M-37.80M-42.89M---25.63M-623.00K-22.06M-44.12M-47.15M
EBITDA --------------18.84M2.59M-19.48M-42.11M-41.44M
Interest Expense -------------0---2.07M
Pretax Income --------------22.14M2.13M-18.27M-41.48M-46.35M
Tax Provision -------------496.00K-186.00K1.34M-270.00K-2.19M
Net Income -44.59M-67.52M-60.58M-72.62M-64.62M-47.85M-24.35M-51.15M-28.69M-31.65M-37.69M---22.64M2.32M-19.60M-41.21M-44.16M
Diluted EPS ---1.25-1.19-0.97-0.72-0.37-0.76-0.41-0.42-0.49---0.300.03-0.26-0.55-0.59
R&D Expense --49.89M62.51M56.02M37.10M45.91M39.41M32.77M32.04M--------

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 38.95M-412.48M76.01M76.30M105.97M
Cost of Revenue ------
Gross Profit ------
Operating Expenses --282.00M214.02M196.12M198.50M
Operating Income -187.47M-130.49M-138.01M-119.82M-92.53M
EBITDA --142.49M-120.70M-108.62M-81.42M
Interest Expense ------
Pretax Income --135.23M-119.24M-116.61M-79.75M
Tax Provision --10.89M-568.00K6.08M1.38M
Net Income -180.55M-124.34M-118.67M-122.69M-81.13M
Diluted EPS -3.58-1.90-1.72-1.62-1.08
R&D Expense 171.20M199.75M208.60M143.62M--

Compounded Sales Growth

5 Years:-36.43%
1 Year:-91.10%

Compounded Profit Growth

5 Years:-55.08%
1 Year:-

Stock Price Performance

1 Year:+119.86%
6 Months:-4.01%
3 Months:+7.90%
1 Month:-9.70%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets ---648.73M580.88M463.09M346.53M
Current Assets ---544.71M412.93M300.45M248.77M
Cash & Equivalents ---400.91M157.56M66.10M41.16M
Inventory -------
Receivables ---33.40M19.48M55.81M4.64M
Total Liabilities ---155.77M116.07M124.32M78.03M
Current Liabilities ---95.62M55.76M88.29M42.32M
Long Term Debt -------
Total Debt ---28.11M26.72M18.51M18.27M
Total Equity 245.68M409.92M-492.96M464.81M338.77M268.50M
Shares Outstanding ---63.06M70.12M68.96M75.19M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -151.40M-144.11M-118.32M-110.06M-33.01M
Investing Cash Flow -43.44M--53.85M-207.25M38.76M26.66M
Financing Cash Flow 308.98M-108.58M81.87M-20.44M-18.56M
Capital Expenditure -4.31M--13.12M-4.08M-3.07M-2.35M
Free Cash Flow -155.71M-130.98M-122.40M-113.12M-35.36M
Net Change in Cash --198.84M-243.71M-91.74M-24.90M
Share Buybacks --0030.05M41.70M

Ratios (Annual)

Figures in %.

Metric Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ------
Operating Margin % -481.3%-31.6%-181.6%-157.0%-87.3%
Net Margin % -463.5%-30.1%-156.1%-160.8%-76.6%
ROE % -44.0%-25.2%-25.5%-36.2%-30.2%
ROCE % --23.6%-26.3%-32.0%-30.4%

Shareholding Pattern

Insiders
1.27%
Institutions
98.99%
Public Float
100.26%

Top Institutional Holders

#Holder% HeldSharesValue
1 EcoR1 Capital, LLC 36.46% 22.97M $577.25M
2 Rubric Capital Management LP 11.11% 7.00M $175.91M
3 Blackrock Inc. 7.23% 4.55M $114.44M
4 BVF Inc. 5.93% 3.73M $93.84M
5 Perceptive Advisors Llc 5.57% 3.51M $88.21M
6 Morgan Stanley 3.94% 2.48M $62.34M
7 BNP Paribas Asset Management Holding S.A. 3.03% 1.91M $47.95M
8 Vanguard Capital Management LLC 2.71% 1.71M $42.86M
9 Citadel Advisors Llc 1.83% 1.15M $28.90M
10 Dimensional Fund Advisors LP 1.81% 1.14M $28.63M

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