This page shows Mink Therapeutics, Inc. (INKT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Mink Therapeutics, Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Mink Therapeutics, Inc. generates $0.47 in operating cash flow (-$5.9M OCF vs -$12.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Mink Therapeutics, Inc. earns $-114.9 in operating income for every $1 of interest expense (-$12.6M vs $110K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Mink Therapeutics, Inc.'s EBITDA was -$12.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 12.5% from the prior year.
Mink Therapeutics, Inc. reported -$12.5M in net income in fiscal year 2025. This represents a decrease of 15.9% from the prior year.
Mink Therapeutics, Inc. earned $-2.93 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 2.4% from the prior year.
Cash & Balance Sheet
Mink Therapeutics, Inc. held $13.4M in cash against $0 in long-term debt as of fiscal year 2025.
Mink Therapeutics, Inc. had 5M shares outstanding in fiscal year 2025. This represents an increase of 25.3% from the prior year.
Margins & Returns
Capital Allocation
Mink Therapeutics, Inc. invested $5.8M in research and development in fiscal year 2025. This represents a decrease of 9.1% from the prior year.
INKT Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $1.1M-37.8% | $1.8M+45.7% | $1.3M | N/A | $541K-70.6% | $1.8M-27.8% | $2.5M | N/A |
| SG&A Expenses | $1.8M-0.1% | $1.8M+45.5% | $1.3M | N/A | $1.2M+9.5% | $1.1M-17.1% | $1.3M | N/A |
| Operating Income | -$3.2M+21.4% | -$4.1M-50.1% | -$2.7M | N/A | -$1.9M+38.6% | -$3.1M+19.8% | -$3.8M | N/A |
| Interest Expense | -$25K+7.4% | -$27K+6.9% | -$29K | N/A | -$28K-7.7% | -$26K-160.0% | -$10K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$2.9M+31.9% | -$4.2M-53.2% | -$2.8M | N/A | -$1.8M+33.1% | -$2.7M+29.1% | -$3.8M | N/A |
| EPS (Diluted) | $-0.65+38.7% | $-1.06-51.4% | $-0.70 | N/A | $-0.46+37.0% | $-0.73+33.6% | $-1.10 | N/A |
INKT Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.0M+502.3% | $2.5M-41.8% | $4.3M-25.4% | $5.7M-22.4% | $7.4M-28.6% | $10.3M+49.7% | $6.9M+51.4% | $4.6M |
| Current Assets | $14.5M+622.7% | $2.0M-43.8% | $3.6M-28.2% | $5.0M-24.1% | $6.6M-30.6% | $9.5M+57.9% | $6.0M+66.7% | $3.6M |
| Cash & Equivalents | $14.3M+749.1% | $1.7M-48.0% | $3.2M-29.3% | $4.6M-27.7% | $6.3M-32.1% | $9.3M+60.1% | $5.8M+72.8% | $3.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $28.5M+2.9% | $27.7M+6.2% | $26.1M+3.0% | $25.3M+1.5% | $24.9M-7.3% | $26.9M-1.1% | $27.2M+20.3% | $22.6M |
| Current Liabilities | $13.4M+2.1% | $13.2M+8.6% | $12.1M+74.1% | $7.0M-5.9% | $7.4M-27.1% | $10.1M-8.7% | $11.1M-2.6% | $11.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$13.5M+46.4% | -$25.2M-15.6% | -$21.8M-11.3% | -$19.6M-11.6% | -$17.6M-5.9% | -$16.6M+18.3% | -$20.3M-12.4% | -$18.1M |
| Retained Earnings | -$154.1M-1.9% | -$151.2M-2.9% | -$146.9M-1.9% | -$144.2M-1.7% | -$141.7M-1.3% | -$139.9M-2.0% | -$137.2M-2.9% | -$133.4M |
INKT Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$941K+40.0% | -$1.6M-17.0% | -$1.3M+22.4% | -$1.7M+42.3% | -$3.0M-30.7% | -$2.3M+9.9% | -$2.5M+16.3% | -$3.0M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$3.0M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Financing Cash Flow | $13.5M+2508358.9% | $540-6.3% | $576+19300.0% | -$3-100.0% | $7K-99.9% | $5.8M+16.0% | $5.0M+250344900.0% | -$2 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
INKT Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -19.3%+151.3pp | -170.6%-105.7pp | -64.8% | N/A | -24.5%+1.7pp | -26.2%+29.1pp | -55.3% | N/A |
| Current Ratio | 1.08+0.9 | 0.15-0.1 | 0.30-0.4 | 0.72-0.2 | 0.89-0.0 | 0.93+0.4 | 0.54+0.2 | 0.32 |
| Debt-to-Equity | -2.11-1.0 | -1.10+0.1 | -1.20+0.1 | -1.29+0.1 | -1.42+0.2 | -1.62-0.3 | -1.34-0.1 | -1.25 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$14.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
Is Mink Therapeutics, Inc. profitable?
No, Mink Therapeutics, Inc. (INKT) reported a net income of -$12.5M in fiscal year 2025.
What is Mink Therapeutics, Inc.'s EBITDA?
Mink Therapeutics, Inc. (INKT) had EBITDA of -$12.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Mink Therapeutics, Inc.'s operating cash flow?
Mink Therapeutics, Inc. (INKT) generated -$5.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Mink Therapeutics, Inc.'s total assets?
Mink Therapeutics, Inc. (INKT) had $14.2M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Mink Therapeutics, Inc. spend on research and development?
Mink Therapeutics, Inc. (INKT) invested $5.8M in research and development during fiscal year 2025.
What is Mink Therapeutics, Inc.'s current ratio?
Mink Therapeutics, Inc. (INKT) had a current ratio of 1.06 as of fiscal year 2025, which is considered adequate.
What is Mink Therapeutics, Inc.'s debt-to-equity ratio?
Mink Therapeutics, Inc. (INKT) had a debt-to-equity ratio of -2.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mink Therapeutics, Inc.'s return on assets (ROA)?
Mink Therapeutics, Inc. (INKT) had a return on assets of -87.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Mink Therapeutics, Inc.'s cash runway?
Based on fiscal year 2025 data, Mink Therapeutics, Inc. (INKT) had $13.4M in cash against an annual operating cash burn of $5.9M. This gives an estimated cash runway of approximately 27 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Mink Therapeutics, Inc.'s debt-to-equity ratio negative or unusual?
Mink Therapeutics, Inc. (INKT) has negative shareholder equity of -$14.2M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Mink Therapeutics, Inc.'s Piotroski F-Score?
Mink Therapeutics, Inc. (INKT) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mink Therapeutics, Inc.'s earnings high quality?
Mink Therapeutics, Inc. (INKT) has an earnings quality ratio of 0.47x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Mink Therapeutics, Inc. cover its interest payments?
Mink Therapeutics, Inc. (INKT) has an interest coverage ratio of -114.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.