15 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 12.6% per year over the past 5 years.
Operating margin has contracted, at -1601.1% in the latest year.
Financial health
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
$7M
-$21M
89.4%
-1601.1%
-$98M
—
$38M
2024
$26M
-$64M
88.4%
-259.6%
-$61M
—
$29M
2023
$24M
-$66M
88.5%
-295.4%
-$64M
—
$63M
2022
$15M
-$61M
91.2%
-411.9%
-$50M
—
$39M
2021
$14M
-$110M
100.0%
-794.4%
-$22M
—
$149M
2020
$14M
-$3M
0.0%
-18.2%
-$13M
—
$4M
2019
$0
-$23M
—
—
-$24M
—
$39M
2018
$20M
-$10M
0.0%
-55.5%
-$6M
—
$63M
2017
—
-$21M
—
—
-$19M
—
$20M
2016
—
-$17M
—
—
-$137814
—
$2M
2015
—
-$31440
—
—
—
—
$5M
2014
—
-$30799
—
—
—
—
$5263
2014
—
-$193388
—
—
—
—
$17868
2014
—
-$186960
—
—
—
—
$4568
2014
—
-$180008
—
—
—
—
$5883
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
$0
-$22M
—
—
-$22M
—
$35M
Dec '25
$0
-$23M
—
—
-$17M
—
$38M
Sep '25
$0
-$18M
—
—
-$15M
—
$38M
Jun '25
$0
-$53M
—
—
-$53M
—
$145M
Mar '25
$7M
$73M
89.4%
-213.0%
-$12M
—
$228M
Dec '24
$7M
-$18M
89.1%
-261.8%
-$15M
—
$29M
Sep '24
$7M
-$13M
88.9%
-186.0%
-$16M
—
$31M
Jun '24
$6M
-$15M
87.4%
-252.2%
-$10M
—
$41M
Mar '24
$5M
-$18M
87.8%
-364.5%
-$20M
—
$54M
Dec '23
$6M
-$16M
85.3%
-280.0%
-$10M
—
$63M
Sep '23
$6M
-$16M
88.3%
-299.5%
-$13M
—
$69M
Jun '23
$6M
-$18M
89.4%
-315.1%
-$17M
—
$68M
Mar '23
$6M
-$15M
91.0%
-286.8%
-$23M
—
$34M
Dec '22
$5M
-$14M
95.8%
-296.0%
-$11M
—
$39M
Sep '22
$4M
-$14M
86.0%
-354.2%
-$8M
—
$135M
Jun '22
$3M
-$18M
90.1%
-534.2%
-$11M
—
$119M
Mar '22
$2M
-$14M
92.2%
-598.8%
-$19M
—
$130M
Dec '21
$1M
-$16M
100.0%
-1594.5%
-$12M
—
$149M
Sep '21
$0
-$87M
—
—
-$17M
—
$161M
Jun '21
$0
-$2M
—
—
—
—
$37M
Valuation over time
How the market has priced WHWK against its own fundamentals since 2025-03 —
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 3.4× (Mar '25) to 28.4× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is WHWK growing its revenue and profit?
Over the past 5 years, Whitehawk Therapeutics, Inc.'s revenue has declined 12.6% per year. These are computed facts, not advice.
How much debt does WHWK have?
As of FY2025, Whitehawk Therapeutics, Inc. reported — of total debt against $38M of cash.
What is WHWK's profit margin?
In FY2025, gross margin was 89.4%, operating margin -1601.1%, and net margin -288.3%.
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.