Tevogen Inc.

NasdaqGM:TVGN Stock Report

Market Cap: US$25.1m

Tevogen Balance Sheet Health

Financial Health criteria checks 2/6

Tevogen has a total shareholder equity of $-9.8M and total debt of $8.1M, which brings its debt-to-equity ratio to -81.8%. Its total assets and total liabilities are $4.9M and $14.8M respectively.

Key information

-81.80%

Debt to equity ratio

US$8.05m

Debt

Interest coverage ration/a
CashUS$692.31k
Equity-US$9.84m
Total liabilitiesUS$14.76m
Total assetsUS$4.92m

Recent financial health updates

Recent updates

Seeking Alpha Apr 11

Tevogen Bio Holdings: Initiating Sell Rating Based On Pipeline Uncertainty And Cash Constraints

Summary Tevogen Bio has underperformed since 2024, and we expect it to continue underperforming through 2025. Despite positive Phase I results for TVGN 489, the market demand for new COVID-19 therapies is unclear, and regulatory urgency seems to have decreased. Tevogen's ambitious revenue projections seem unrealistic given the early stage of its drug candidates and the long path to potential commercialization. Financially, Tevogen has improved its balance sheet but still faces significant risks, including cash burn and the need for clinical and regulatory success. We initiate a Sell rating. Read the full article on Seeking Alpha
Seeking Alpha Dec 16

Tevogen Bio Claims $10 Billion IP Potential But Hinges On Monetization

Summary Tevogen Bio’s ExacTcell platform creates off-the-shelf T-cell therapies targeting viral infections, cancers, and neurological conditions with scalable production from a single donor. The company estimates its IP portfolio to be worth over $10 billion based on internally derived DCF models, though the valuation lacks external validation. TVGN remains pre-revenue with a cash runway of only 0.6 quarters, relying on its loan agreement for operations while pausing new clinical trials until funding is secured. Lead candidate TVGN 489, in Phase 1, shows safety promise for SARS-CoV-2 infections in immunocompromised patients and could potentially treat Long COVID and other conditions. Given TVGN's high-risk, high-reward nature and uncertain catalysts, I recommend a "Hold" rating for TVGN at this time. Read the full article on Seeking Alpha

Financial Position Analysis

Short Term Liabilities: TVGN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: TVGN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: TVGN has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: TVGN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TVGN has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: TVGN is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/30 23:45
End of Day Share Price 2026/07/30 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

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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

Tevogen Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jason KolbertD. Boral Capital LLC.