Quince Therapeutics, Inc. (QNCX) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the QNCX SEC filings page.
This page shows Quince Therapeutics, Inc. (QNCX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
The latest balance sheet shows a cash-consuming development business with liabilities exceeding assets and current assets below near-term obligations.
R&D intensity rose90.3% from FY2024 to FY2025 while operating cash outflow widened29.8% , linking weaker cash generation to intensified development spending. The earnings-to-cash gap was also wide: FY2025 net loss was$84.0M versus operating cash outflow of$41.4M , so reported loss did not translate one-for-one into cash use.
Equity fell from
The short-term liquidity structure tightened sharply: the current ratio fell from 6.1x to 0.5x, meaning current assets no longer covered current liabilities. The reported cash-and-investment balance equaled 5.1 months of FY2025 operating outflow, a comparison that underscores dependence on financing while operations remain cash-consuming.
Financial Health Signals
Quince Therapeutics, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Quince Therapeutics, Inc. passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
Quince Therapeutics, Inc. reported a net loss of $84.0M while operations used $41.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Quince Therapeutics, Inc.'s EBITDA was -$79.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 667.3% from the same quarter a year earlier. Against the prior quarter it is down 447.9%.
Quince Therapeutics, Inc. reported -$75.5M in net income in Q2 2026. This represents a decrease of 370.4% from the same quarter a year earlier. Against the prior quarter it is down 310.2%.
Not reported for Q2 2026.
Cash & Balance Sheet
Quince Therapeutics, Inc. recorded an outflow of $18.9M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 63.7% from the same quarter a year earlier. Against the prior quarter it is down 147.6%.
Quince Therapeutics, Inc. held $116.0M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
Quince Therapeutics, Inc. invested $5.5M in research and development in Q2 2026. This represents a decrease of 16.7% from the same quarter a year earlier. Against the prior quarter it is down 20.2%.
Quince Therapeutics, Inc. reported no capital expenditure in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier.
Not reported for Q2 2026.
QNCX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| R&D Expenses | $5.5M-16.7% | $6.8M-16.0% | N/A | $8.1M+64.4% | $6.6M+58.0% | $8.1M+120.0% | N/A | $4.9M+243.5% |
| SG&A Expenses | $16.6M+397.5% | $4.3M-10.9% | N/A | $3.3M-9.6% | $3.3M-28.8% | $4.8M-3.7% | N/A | $3.6M-22.2% |
| Operating Income | -$79.8M-665.1% | -$14.6M+1.8% | N/A | -$13.4M-129.1% | -$10.4M+63.0% | -$14.9M-32.4% | N/A | -$5.9M+3.8% |
| EBITDA | -$79.7M-667.3% | -$14.6M+1.8% | N/A | -$13.4M-131.9% | -$10.4M+63.1% | -$14.8M-32.6% | N/A | -$5.8M+5.2% |
| Income Tax | $75K+11.9% | -$5.3M-11459.6% | N/A | -$46K-453.8% | $67K+86.1% | $47K+51.6% | N/A | $13K |
| Net Income | -$75.5M-370.4% | $35.9M+338.9% | N/A | -$13.4M-144.8% | -$16.0M+42.1% | -$15.0M-34.8% | N/A | -$5.5M-2.6% |
| EPS (Basic) | -$12.31+82.1% | $3.60+205.3% | -$0.76-171.4% | -$0.25-92.3% | -$68.75-10642.2% | -$3.42-1215.4% | -$0.28-33.3% | -$0.13+13.3% |
| EPS (Diluted) | -$12.31 | $2.88 | -$0.76 | -$0.25-92.3% | -$68.75 | -$3.42 | -$0.28-33.3% | -$0.13+13.3% |
| Diluted Shares (Avg) | 6M | 9M | N/A | 54M+25.0% | 233,431 | 4M | N/A | 43M+19.7% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, Interest Expense.
QNCX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $124.0M+5.8% | $26.6M-75.1% | $93.5M-18.3% | $109.9M-13.1% | $117.2M-13.1% | $107.1M-32.8% | $114.5M-31.8% | $126.5M+48.2% |
| Current Assets | $123.4M+230.5% | $25.6M-24.4% | $22.9M-48.0% | $29.2M-43.5% | $37.3M-41.1% | $33.8M-52.0% | $44.0M-43.1% | $51.7M-39.3% |
| Cash & Equivalents | $116.0M+589.3% | $18.2M+133.7% | $5.8M-6.5% | $6.5M+141.2% | $16.8M+113.3% | $7.8M-64.4% | $6.2M-70.1% | $2.7M-87.2% |
| Short-Term Investments | $0-100.0% | $0-100.0% | $11.9M-65.5% | $19.8M-56.1% | $17.9M-65.3% | $23.8M-48.2% | $34.6M-36.3% | $45.2M-26.7% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | N/A | $0 | N/A | N/A | $0-100.0% | $0 |
| Total Liabilities | $159.3M+51.1% | $11.0M-87.6% | $129.2M+53.2% | $108.8M+33.4% | $105.5M+20.0% | $88.5M+4.0% | $84.3M+1.8% | $81.6M+3521.3% |
| Current Liabilities | $8.5M+13.8% | $8.8M+4.9% | $43.2M+493.9% | $26.0M+380.1% | $7.5M-27.7% | $8.4M-15.1% | $7.3M-24.0% | $5.4M+140.8% |
| Non-Current Liabilities | $150.8M+53.9% | $2.2M-97.3% | $86.0M+11.6% | $82.8M+8.7% | $98.0M+26.4% | $80.2M+6.5% | $77.1M+5.2% | $76.2M |
| Long-Term Debt | N/A | N/A | $0-100.0% | $0-100.0% | $17.0M+22.8% | $15.3M+12.9% | $14.3M+6.6% | $14.9M |
| Total Equity | -$35.3M-401.0% | $15.7M-15.7% | -$35.7M-218.5% | $1.1M-97.6% | $11.7M-75.0% | $18.6M-75.0% | $30.1M-64.6% | $44.9M-46.0% |
| Retained Earnings | -$500.0M-22.7% | -$424.5M-8.4% | -$460.5M-22.3% | -$421.0M-15.7% | -$407.6M-13.7% | -$391.5M-18.4% | -$376.5M-17.8% | -$364.0M-17.1% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable.
QNCX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$18.9M-65.5% | -$7.6M+20.6% | -$10.5M-38.8% | -$9.9M-36.7% | -$11.4M-30.6% | -$9.6M-14.9% | -$7.6M-24.3% | -$7.3M-50.7% |
| Depreciation & Amortization | $41K+17.1% | $36K+12.5% | $39K+143.8% | $36K-58.1% | $35K-20.5% | $32K-20.0% | $16K-94.7% | $86K |
| Stock-Based Compensation | $12.1M+850.0% | $1.3M-7.2% | N/A | $1.3M+11.7% | $1.3M+4.1% | $1.4M+8.8% | N/A | $1.1M-15.6% |
| Capital Expenditures | $0-100.0% | $0-100.0% | $4K-97.0% | $74K+60.9% | $126K+223.1% | $148K+279.5% | $133K+454.2% | $46K |
| Free Cash Flow | -$18.9M-63.7% | -$7.6M+21.8% | -$10.5M-36.4% | -$10.0M-36.9% | -$11.5M-31.5% | -$9.7M-16.2% | -$7.7M-25.9% | -$7.3M-51.6% |
| Investing Cash Flow | $8.0M+32.5% | $12.0M+10.1% | $8.1M-25.7% | -$1.8M-125.1% | $6.0M+221.3% | $10.9M+22.3% | $10.9M+101.6% | $7.1M+95.5% |
| Financing Cash Flow | $108.9M+655.8% | $9.4M+10754.0% | $2.0M | $1.4M+127.5% | $14.4M+41077.1% | $87K-54.2% | $0-100.0% | -$5.0M-50100.0% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
QNCX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | N/A | 229.2%+310.0pp | N/A | -1269.3%-1257.1pp | -136.8%-77.7pp | -80.9%-65.9pp | N/A | -12.2%-5.8pp |
| Return on Assets | -60.9%-47.2pp | 134.9%+148.9pp | N/A | -12.2%-7.9pp | -13.7%+6.9pp | -14.0%-7.0pp | N/A | -4.3%+1.9pp |
| Current Ratio | 14.52+9.5x | 2.92-1.1x | 0.53-5.5x | 1.12-8.4x | 5.00-1.1x | 4.05-3.1x | 6.05-2.0x | 9.53-28.3x |
| Debt-to-Equity | N/A | 0.70-0.1x | N/A | 0.00-0.3x | 1.45+1.2x | 0.82+0.6x | 0.48+0.3x | 0.33+0.3x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$35.7M), 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.
Note: The current ratio is below 1.0 (0.53), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Quince Therapeutics, Inc. QNCX | FY2025 | N/A | -$84.0M | N/A | $29.9M | — |
| Ovid Therapeutics Inc. OVID | FY2025 | $7.3M | -$17.4M | N/A | $460.9M | 66/100 |
| Atara Biotherapeutics, Inc ATRA | FY2025 | $120.8M | $32.7M | 27.1% | $94.1M | 63/100 |
| ANEBULO PHARMAC INC ANEB | FY2025 | N/A | -$8.5M | N/A | $14.7M | — |
| Champions Oncology, Inc. CSBR | FY2026 | $59.4M | -$1K | 0.0% | $67.9M | 49/100 |
| XBiotech Inc XBIT | FY2025 | N/A | -$45.5M | N/A | $66.8M | — |
Where Quince Therapeutics, Inc. Ranks
Frequently Asked Questions
Is Quince Therapeutics, Inc. profitable?
No, Quince Therapeutics, Inc. (QNCX) reported a net income of -$84.0M in fiscal year 2025.
What is Quince Therapeutics, Inc.'s EBITDA?
Quince Therapeutics, Inc. (QNCX) had EBITDA of -$57.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Quince Therapeutics, Inc. have?
As of fiscal year 2025, Quince Therapeutics, Inc. (QNCX) had $5.8M in cash and equivalents against $0 in long-term debt.
What is Quince Therapeutics, Inc.'s free cash flow?
Quince Therapeutics, Inc. (QNCX) recorded an outflow of $41.8M in free cash flow during fiscal year 2025. This represents a -29.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Quince Therapeutics, Inc.'s operating cash flow?
Quince Therapeutics, Inc. (QNCX) recorded an outflow of $41.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Quince Therapeutics, Inc.'s total assets?
Quince Therapeutics, Inc. (QNCX) had $93.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Quince Therapeutics, Inc.'s capital expenditures?
Quince Therapeutics, Inc. (QNCX) invested $352K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Quince Therapeutics, Inc. spend on research and development?
Quince Therapeutics, Inc. (QNCX) invested $35.4M in research and development during fiscal year 2025.
What is Quince Therapeutics, Inc.'s current ratio?
Quince Therapeutics, Inc. (QNCX) had a current ratio of 0.53 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Quince Therapeutics, Inc.'s return on assets (ROA)?
Quince Therapeutics, Inc. (QNCX) had a return on assets of -89.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Quince Therapeutics, Inc.'s P/E ratio?
Quince Therapeutics, Inc. (QNCX) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $29.9M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Quince Therapeutics, Inc.'s price-to-sales ratio?
Quince Therapeutics, Inc. (QNCX) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $29.9M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Quince Therapeutics, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Quince Therapeutics, Inc. (QNCX) held $17.8M in cash, cash equivalents and investments, and reported an operating cash outflow of $41.4M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Quince Therapeutics, Inc.'s debt-to-equity ratio negative or not reported?
Quince Therapeutics, Inc. (QNCX) has negative shareholder equity of -$35.7M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Quince Therapeutics, Inc.'s Piotroski F-Score?
Quince Therapeutics, Inc. (QNCX) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Quince Therapeutics, Inc.'s earnings high quality?
Quince Therapeutics, Inc. (QNCX) reported a net loss of $84.0M while operations used $41.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.