3 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 15.0% per year over the past 2 years.
Operating margin has expanded, at -10386.5% in the latest year.
Financial health
The company holds more cash ($124M) than total debt ($101M).
Total debt has grown slower than revenue (-30.3% vs -15.0% per year).
Operating income covered interest expense -11.1× in the latest year, down from -6.9× 2 years ago.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1M
-$140M
0.0%
-10386.5%
-$130M
$101M
$124M
2024
$200000
$1.7B
0.0%
-165724.0%
-$197M
$0
$153M
2023
$2M
-$241M
0.0%
-12178.9%
-$198M
$207M
$278M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
—
-$33M
—
—
-$38M
$175M
$162M
Dec '25
$0
-$33M
—
—
-$30M
$101M
$124M
Sep '25
$0
-$35M
—
—
-$34M
$100M
$153M
Jun '25
$1M
-$29M
0.0%
-2106.8%
-$30M
$99M
$187M
Mar '25
$0
-$43M
—
—
-$36M
$99M
$217M
Dec '24
$100000
-$48M
0.0%
-49928.0%
-$44M
$0
$153M
Sep '24
$0
-$44M
—
—
-$31M
$0
$196M
Jun '24
$100000
$1.9B
0.0%
-160898.0%
-$59M
$0
$227M
Mar '24
$0
-$79M
—
—
-$64M
—
—
Dec '23
$2M
-$94M
0.0%
-5403.2%
-$60M
$207M
$278M
Sep '23
$119000
-$52M
0.0%
-38510.1%
-$55M
—
—
Jun '23
$30000
-$47M
0.0%
-137796.7%
—
—
—
Mar '23
—
-$49M
—
—
—
—
—
Valuation over time
How the market has priced INBX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 313.6× (Jan '24) to 1071.1× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is INBX growing its revenue and profit?
Over the past 2 years, Inhibrx Biosciences, Inc.'s revenue has declined 15.0% per year. These are computed facts, not advice.
How much debt does INBX have?
As of FY2025, Inhibrx Biosciences, Inc. reported $101M of total debt against $124M of cash; operating income covered interest expense -11.1×.
What is INBX's profit margin?
In FY2025, gross margin was —, operating margin -10386.5%, and net margin -10773.5%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.