Passage Bio, Inc.

NasdaqCM:PASG Stock Report

Market Cap: US$17.2m

Passage Bio Management

Management criteria checks 3/4

Passage Bio's CEO is Will Chou, appointed in Oct 2022, has a tenure of 3.58 years. total yearly compensation is $1.49M, comprised of 44.5% salary and 55.5% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth $34.97K. The average tenure of the management team and the board of directors is 2.6 years and 5 years respectively.

Key information

Will Chou

Chief executive officer

US$1.5m

Total compensation

CEO salary percentage44.46%
CEO tenure3.6yrs
CEO ownership0.2%
Management average tenure2.6yrs
Board average tenure5yrs

Recent management updates

Recent updates

Analysis Article • Jan 07

Is Passage Bio (NASDAQ:PASG) In A Good Position To Deliver On Growth Plans?

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Sep 24

Is Passage Bio (NASDAQ:PASG) In A Good Position To Deliver On Growth Plans?

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Analysis Article • Jun 11

Is Passage Bio (NASDAQ:PASG) In A Good Position To Deliver On Growth Plans?

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Feb 27

We're Keeping An Eye On Passage Bio's (NASDAQ:PASG) Cash Burn Rate

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Nov 13

Is Passage Bio (NASDAQ:PASG) In A Good Position To Deliver On Growth Plans?

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Jun 23

We Think Passage Bio (NASDAQ:PASG) Needs To Drive Business Growth Carefully

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Analysis Article • Nov 13

Is Passage Bio (NASDAQ:PASG) In A Good Position To Deliver On Growth Plans?

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Seeking Alpha • Oct 10

Passage appoints William Chou CEO

Genetic medicines company Passage (NASDAQ:PASG) appointed William Chou CEO and a board member, effective immediately. Chou, most recently, served as CEO of the clinical-stage biopharmaceutical company Aruvant Sciences. Chou replaces interim CEO Edgar Cale, who will resign from the post and continue in his role as general counsel and corporate secretary. Also, Maxine Gowen will step down as interim executive chairwoman following a brief transition period and will then continue to serve as chairwoman. Source: Press Release
Seeking Alpha • Aug 04

Passage Bio GAAP EPS of -$0.73 beats by $0.09

Passage Bio press release (NASDAQ:PASG): Q2 GAAP EPS of -$0.73 beats by $0.09. Cash, cash equivalents and marketable securities were $239.3M as of June 30, 2022, compared to $267.1M as of March 31, 2022. The company expects current cash and cash equivalents to fund operations into the second quarter of 2024.
Analysis Article • Jun 03

We're A Little Worried About Passage Bio's (NASDAQ:PASG) Cash Burn Rate

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Seeking Alpha • Apr 11

Passage Bio: Worth Keeping An Eye On

Not long ago, PASG was awarded a $1.2B enterprise value by the market. Though the company made progress, the vagaries of the market are such that it now trades at a negative enterprise value. I survey the company and its programs to find reasons to monitor its progress with the potential of investing in the future.
Analysis Article • Dec 15

Will Passage Bio (NASDAQ:PASG) Spend Its Cash Wisely?

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Analysis Article • Aug 19

Passage Bio (NASDAQ:PASG) Is In A Good Position To Deliver On Growth Plans

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Analysis Article • Mar 08

We're Hopeful That Passage Bio (NASDAQ:PASG) Will Use Its Cash Wisely

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Analysis Article • Feb 01

Do Institutions Own Passage Bio, Inc. (NASDAQ:PASG) Shares?

The big shareholder groups in Passage Bio, Inc. ( NASDAQ:PASG ) have power over the company. Institutions often own...
Analysis Article • Dec 28

Need To Know: Passage Bio, Inc. (NASDAQ:PASG) Insiders Have Been Buying Shares

We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...

CEO Compensation Analysis

How has Will Chou's remuneration changed compared to Passage Bio's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-US$38m

Dec 31 2025US$1mUS$661k

-US$46m

Sep 30 2025n/an/a

-US$45m

Jun 30 2025n/an/a

-US$57m

Mar 31 2025n/an/a

-US$63m

Dec 31 2024US$2mUS$638k

-US$65m

Sep 30 2024n/an/a

-US$69m

Jun 30 2024n/an/a

-US$77m

Mar 31 2024n/an/a

-US$84m

Dec 31 2023US$1mUS$599k

-US$102m

Sep 30 2023n/an/a

-US$112m

Jun 30 2023n/an/a

-US$112m

Mar 31 2023n/an/a

-US$128m

Dec 31 2022US$1mUS$112k

-US$136m

Compensation vs Market: Will's total compensation ($USD1.49M) is above average for companies of similar size in the US market ($USD627.70K).

Compensation vs Earnings: Will's compensation has been consistent with company performance over the past year.

CEO

Will Chou (52 yo)

3.6yrs
Tenure
US$1,486,763
Compensation

Dr. William Chou, M.D., also known as Will, has been the Chief Executive Officer and Director of Passage Bio, Inc. from October 10, 2022 and serves as its President. Dr. Chou is an accomplished executive w...

Leadership Team

NamePositionTenureCompensationOwnership
William Chou
President3.6yrsUS$1.49m0.20%
$ 35.0k
Kathleen Borthwick
Senior VP2.8yrsUS$851.84k0.17%
$ 29.0k
Sue Browne
Chief Scientific Officer2.3yrsno datano data
Stuart Henderson
Chief Business Officer2.3yrsno datano data
Eden Fucci
Senior Vice President of Technical Operations2.8yrsno datano data
Karl Whitney
Senior Vice President of Global Regulatory Affairs2.3yrsno datano data
2.6yrs
Average Tenure

Experienced Management: PASG's management team is considered experienced (2.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
William Chou
President3.6yrsUS$1.49m0.20%
$ 35.0k
Thomas Kassberg
Independent Director1.7yrsUS$86.68k0%
$ 0
Maxine Gowen
Independent Chairwoman of the Board5.3yrsUS$138.50k0%
$ 0
Athena Countouriotis
Independent Director6.3yrsUS$109.18k0.029%
$ 5.1k
Sandip Kapadia
Independent Director6.4yrsUS$110.00k0%
$ 0
Derrell Porter
Independent Director5yrsUS$104.50k0%
$ 0
Dolan Sondhi
Independent Director2.8yrsUS$99.00k0%
$ 0
5.0yrs
Average Tenure
54yo
Average Age

Experienced Board: PASG's board of directors are considered experienced (5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/15 22:57
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Passage Bio, Inc. is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Whitney IjemCanaccord Genuity
Gbolahan Amusa BenzChardan Capital Markets, LLC
Janani SundararajanChardan Capital Markets, LLC