HCW Biologics Inc. (HCWB) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.72M | 2.28M | 1.59M | 2.9M | 1.89M | 5.7M | 2.09M | 2.39M | 6.21M | 6.4M | 13.85M | 19.8M | 29.94M | 34.07M | 28.71M | 34.63M | 37.91M | 40.48M | 43.56M | 6.86M |
| Cash & Short-Term Investments | 1.23M | 1.95M | 1.1M | 2.44M | 1.11M | 4.67M | 998.22K | 1.16M | 4.08M | 3.6M | 11.22M | 17.41M | 28.24M | 32.06M | 26.22M | 32.41M | 35.09M | 36.71M | 40.11M | 5.05M |
| Cash Only | 1.23M | 1.95M | 1.1M | 2.44M | 1.11M | 4.67M | 998.22K | 1.16M | 4.08M | 3.6M | 11.22M | 7.45M | 18.39M | 22.33M | 26.22M | 15.42M | 18.12M | 11.73M | 15.13M | 5.05M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.96M | 9.85M | 9.74M | 0 | 16.99M | 16.97M | 24.98M | 24.99M | 0 |
| Accounts Receivable | 74.84K | 32.17K | 30.67K | 21.61K | 87.49K | 582.2K | 651.84K | 654.97K | 1.15M | 1.54M | 710.08K | 707.21K | 252.73K | 417.69K | 355.56K | 346.93K | 553.01K | 133K | 70K | 50K |
| Days Sales Outstanding | 0.74 | 107.02 | 154.09 | 757.9 | 5.95K | 143.78 | 140.97 | 132.99 | 108.62 | 78.03 | 76.42 | 70.13 | 720.32 | 26.51 | 17.86 | 90.19 | 9.9 | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.39M | 0 | 0 | 0 | 0 | 1.99M | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | 119.58 | - | - | - | - | - | - |
| Other Current Assets | 119.84K | 77.56K | 250.34K | 141.01K | 443.31K | 113.53K | 88.13K | 164.61K | 187.27K | 230.92K | 174.88K | 327.06K | 316.96K | 196.01K | 205.92K | 470.02K | 245.62K | 1.44M | 1.38M | 893.97K |
| Total Non-Current Assets | 25.62M | 22.24M | 23.86M | 26.01M | 24.39M | 24.54M | 24.46M | 24.43M | 24.22M | 22.11M | 21.77M | 19.68M | 13.59M | 12.74M | 22.65M | 12.78M | 13.05M | 13.03M | 12.85M | 6.18M |
| Property, Plant & Equipment | 20.77M | 20.88M | 22.5M | 22.64M | 22.76M | 22.91M | 22.83M | 22.81M | 22.59M | 20.45M | 14.85M | 12.73M | 11.74M | 10.8M | 10.96M | 1.18M | 1.24M | 1.12M | 1.27M | 1.39M |
| Fixed Asset Turnover | 0.31x | 0.00x | 0.00x | 0.00x | 0.00x | 0.02x | 0.02x | 0.03x | 0.05x | 0.08x | 0.06x | 0.05x | 0.00x | 0.12x | 0.30x | 0.37x | 2.64x | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 4.83M | 1.33M | 1.33M | 3.35M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 11.27M | 11.3M | 11.35M | 11.52M | 11.58M | 1.6M |
| Other Non-Current Assets | 28.48K | 28.48K | 28.48K | 28.48K | 28.48K | 28.48K | 28.48K | 28.48K | 28.48K | 56.54K | 5.32M | 5.35M | 253.14K | 333.88K | 419.03K | 295.21K | 456.68K | 393.32K | -1 | 3.19M |
| Total Assets | 27.34M | 24.52M | 25.45M | 28.91M | 26.29M | 30.24M | 26.56M | 26.82M | 30.43M | 28.51M | 35.62M | 39.48M | 43.53M | 46.81M | 51.35M | 47.41M | 50.96M | 53.51M | 56.41M | 13.03M |
| Asset Turnover | 0.25x | 0.00x | 0.00x | 0.00x | 0.00x | 0.01x | 0.02x | 0.02x | 0.04x | 0.04x | 0.02x | 0.02x | 0.00x | 0.03x | 0.04x | 0.01x | 0.06x | - | - | - |
| Asset Growth % | 4.02% | -18.91% | -4.18% | 7.79% | -13.61% | 6.04% | -25.44% | -32.07% | -30.11% | -39.09% | -30.64% | -16.72% | -14.56% | -12.53% | -8.96% | 263.75% | 294.15% | 247.54% | - | - |
| Total Current Liabilities | 19.96M | 21.06M | 26.86M | 26.85M | 27.14M | 29.63M | 30.06M | 23.22M | 13.41M | 8.75M | 5.42M | 4.54M | 4.52M | 2.96M | 2.29M | 1.14M | 1.42M | 2.32M | 2.39M | 4.17M |
| Accounts Payable | 11.79M | 13.14M | 18.97M | 19.35M | 19.73M | 22.33M | 22.67M | 16.88M | 10.49M | 6.17M | 3.15M | 2.12M | 1.16M | 1.23M | 1.41M | 296.21K | 743.12K | 223.66K | 637.19K | 996.88K |
| Days Payables Outstanding | 101.33K | 68.36K | 141.2K | 339.41K | 467.17K | 6.55K | 5.33K | 2.84K | 1.48K | 67.83 | 357.38 | 297.12 | 3.67K | 113.01 | 54.24 | 164.66 | 32.76 | - | - | - |
| Short-Term Debt | 6.58M | 6.81M | 6.81M | 6.42M | 6.23M | 6.31M | 6.34M | 124K | 122.15K | 0 | 117.68K | 97.1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 470K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.8M | 0 | 0 |
| Other Current Liabilities | 1.01M | 0 | 966.6K | 9.42K | 0 | 774.94K | 0 | 204.68K | -37.96K | 0 | 208K | 0 | 0 | 0 | 0 | 526.63K | 278K | 297.93K | 1.1M | 696.63K |
| Current Ratio | 0.09x | 0.11x | 0.06x | 0.11x | 0.07x | 0.19x | 0.07x | 0.10x | 0.46x | 0.73x | 2.56x | 4.36x | 6.62x | 11.52x | 12.52x | 30.26x | 26.74x | 17.44x | 18.19x | 1.64x |
| Quick Ratio | 0.09x | 0.11x | 0.06x | 0.11x | 0.07x | 0.19x | 0.07x | 0.10x | 0.46x | 0.73x | 2.56x | 4.36x | 6.62x | 11.05x | 12.52x | 30.26x | 26.74x | 17.44x | 17.36x | 1.64x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | 33.09 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.62M | 692.53K | 692.53K | 2.12M | 7.71M | 7.38M | 6.46M | 9.9M | 8.27M | 6.3M | 6.33M | 6.36M | 6.39M | 6.42M | 6.5M | 98.45K | 139.6K | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 367.15K | 7.71M | 7.38M | 6.46M | 9.9M | 8.27M | 6.3M | 6.33M | 6.36M | 6.39M | 6.41M | 6.45M | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 692.53K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 98.45K | 139.6K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.62M | 692.53K | 0 | 1.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.48K | 14.28K | 56.68K | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 21.58M | 21.76M | 27.55M | 28.96M | 34.85M | 37.01M | 36.53M | 33.12M | 21.69M | 15.05M | 11.75M | 10.9M | 10.92M | 9.38M | 8.8M | 1.24M | 1.56M | 2.32M | 2.39M | 4.17M |
| Total Debt | 6.58M | 6.81M | 7.5M | 6.79M | 13.94M | 13.69M | 12.8M | 10.02M | 8.4M | 6.3M | 6.52M | 6.57M | 6.39M | 6.41M | 6.45M | 269.13K | 306.51K | 0 | 0 | 0 |
| Net Debt | 5.35M | 4.86M | 6.4M | 4.35M | 12.83M | 9.02M | 11.81M | 8.86M | 4.31M | 2.71M | -4.7M | -880.21K | -12M | -15.92M | -19.78M | -15.15M | -17.81M | -11.73M | -15.13M | -5.05M |
| Debt / Equity | 1.14x | 2.46x | - | - | - | - | - | - | 0.96x | 0.47x | 0.27x | 0.23x | 0.20x | 0.17x | 0.15x | 0.01x | 0.01x | - | - | - |
| Debt / EBITDA | 1.95x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 1.58x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | 33.80x | 4.17x | -30.94x | -6.98x | -6.52x | -10.47x | -16.47x | -94.70x | - | - | -50.71x | -44.07x | -53.27x | - | -120.62x | - | -11.66x | -52.11x | -1612.09x | - |
| Total Equity | 5.76M | 2.76M | -2.11M | -51.97K | -8.56M | -6.77M | -9.97M | -6.3M | 8.74M | 13.46M | 23.87M | 28.59M | 32.62M | 37.43M | 42.56M | 46.17M | 49.4M | 51.19M | 54.01M | 8.86M |
| Equity Growth % | 167.3% | 140.84% | 78.86% | 99.17% | -197.96% | -150.29% | -141.77% | -122.04% | -73.2% | -64.03% | -43.92% | -38.08% | -33.97% | -26.89% | -21.21% | 420.82% | 326.54% | 255.58% | - | - |
| Book Value per Share | 16.48 | 7.91 | -5.59 | -0.18 | -1.15 | -1.05 | -1.58 | -1.00 | 1.41 | 2.24 | 3.99 | 4.78 | 5.45 | 6.26 | 7.13 | 7.73 | 8.28 | 10.39 | 10.96 | 1.55 |
| Total Shareholders' Equity | 5.76M | 2.76M | -2.11M | -51.97K | -8.56M | -6.77M | -9.97M | -6.3M | 8.74M | 13.46M | 23.87M | 28.59M | 32.62M | 37.43M | 42.56M | 46.17M | 49.4M | 51.19M | 54.01M | 8.86M |
| Common Stock | 673 | 328 | 262 | 215 | 4.49K | 4.45K | 3.78K | 3.78K | 3.78K | 3.6K | 3.59K | 3.59K | 3.59K | 3.59K | 3.58K | 3.58K | 3.58K | 3.58K | 3.57K | 496 |
| Retained Earnings | -105.04M | -108.52M | -109.24M | -104.68M | -102.75M | -100.56M | -97.18M | -93.28M | -78M | -70.53M | -59.85M | -54.91M | -50.61M | -45.54M | -40.12M | -36.21M | -32.69M | -30.64M | -27.46M | -23.24M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -56.41M | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |