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INBX Financials Inhibrx Biosciences, Inc.

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
-$241M $723M $2B $0 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-165724% 339031% 843786% 0% 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$198M -$99M $0 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $139M $278M 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$194M $4M $202M $0 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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

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.

Price / sales (P/S)
0.0 3090.5 6181.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.