Q32 Bio Inc.

NasdaqCM:QTTB Stock Report

Market Cap: US$223.3m

Q32 Bio Balance Sheet Health

Financial Health criteria checks 4/6

Q32 Bio has a total shareholder equity of $46.3M and total debt of $8.2M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are $63.7M and $17.4M respectively. Q32 Bio's EBIT is $21.4M making its interest coverage ratio -23.2. It has cash and short-term investments of $50.8M.

Key information

17.66%

Debt to equity ratio

US$8.18m

Debt

Interest coverage ratio-23.2x
CashUS$50.75m
EquityUS$46.31m
Total liabilitiesUS$17.36m
Total assetsUS$63.68m

Recent financial health updates

Recent updates

Seeking Alpha • May 28

Q32 Bio: "Buy" On Bempikibart Advancement And Mid-2026 Data Catalysts

Summary I initiate Q32 Bio (QTTB) at 'Buy' due to advancing bempikibart for Alopecia Areata and strong upcoming catalysts. Company expects mid-2026 data from both Part B [36-week topline] and Part A OLE of its phase 2a SIGNAL-AA trial. Recent $55M private placement and prior financings extend cash runway into 1H 2028 and beyond, supporting clinical milestones. Sale of ADX-097 to Akebia secures $12M upfront and potential $592M milestones, while retaining core platform assets. Read the full article on Seeking Alpha
Seeking Alpha • Aug 29

Q32 Bio: High-Risk, High-Reward With Bempikibart And ADX-097

Summary Q32 Bio's Bempikibart and ADX-097 are in Phase 2 trials, targeting autoimmune and inflammatory diseases, with significant potential to address unmet medical needs. The company's unique approach of localized inhibition minimizes side effects and enhances efficacy, differentiating it in the biotech sector. Despite a short cash runway, Q32 Bio's recent merger, strategic reacquisition, and $42 million private placement bolstered its financial position. I rate Q32 Bio as a speculative "Buy" due to the promising drug candidates, but caution about potential dilution and research setbacks. Read the full article on Seeking Alpha

Financial Position Analysis

Short Term Liabilities: QTTB's short term assets ($57.2M) exceed its short term liabilities ($10.7M).

Long Term Liabilities: QTTB's short term assets ($57.2M) exceed its long term liabilities ($6.7M).

Debt to Equity History and Analysis

Debt Level: QTTB has more cash than its total debt.

Reducing Debt: Insufficient data to determine if QTTB's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: QTTB's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: QTTB earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/29 19:04
End of Day Share Price 2026/06/26 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

Q32 Bio Inc. is covered by 6 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
Imogen MansfieldCantor Fitzgerald & Co.
Joseph PantginisH.C. Wainwright & Co.
Joseph CatanzaroMizuho Securities USA LLC