TNGX Nasdaq Pharmaceutical Preparations Financials FY2020βFY2025
Tango Therapeutics, Inc. had $62.4M of revenue in fiscal 2025, up 48.3% on the year before. Over five years, revenue changed +52.1% a year on average.
Last close Β· Oct 23, 2026
$23.34
16.4%Hi! I read Tango Therapeutics, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+48.3%
Yes. Sales grew 48.3% last year.
Does it make a profit?
β162.9%
No. It lost money last year.
Does profit turn into cash?
β224.3%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 7
Weak. It passes 3 of 7 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Tango Therapeutics, Inc. had $62.4M of revenue in fiscal 2025, up 48.3% on the year before. Over five years, revenue changed +52.1% a year on average. Its operating margin was β178.4%, up 167.7Β pts: of every 100 in sales, about β178 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Tango Therapeutics, Inc. lost $102M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$140M in fiscal 2025, β224.3% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $7.7M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$7.7M
4 insiders
Of sales under plans
91%
$7.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 1, 2026 | Adam CrystalPresident, R&D | Sold plan | 27,000 | $24.47 | $0.7M | Form 4 |
| Sep 22, 2026 | Jessica NewcombPrincipal Accounting Officer | Sold plan | 8,200 | $24.22 | $0.2M | Form 4 |
| Sep 1, 2026 | Adam CrystalPresident, R&D | Sold plan | 27,000 | $22.37 | $0.6M | Form 4 |
| Aug 3, 2026 | Adam CrystalPresident, R&D | Sold plan | 27,000 | $27.24 | $0.7M | Form 4 |
| Jul 1, 2026 | Adam CrystalPresident, R&D | Sold plan | 27,000 | $29.59 | $0.8M | Form 4 |
| Jun 1, 2026 | Adam CrystalPresident, R&D | Sold plan | 27,000 | $22.88 | $0.6M | Form 4 |
| May 1, 2026 | Adam CrystalPresident, R&D | Sold plan | 27,000 | $21.22 | $0.6M | Form 4 |
| Apr 15, 2026 | Adam CrystalPresident, R&D | Sold plan | 38,460 | $25.00 | $1.0M | Form 4 |
| Apr 1, 2026 | Adam CrystalPresident, R&D | Sold plan | 27,000 | $21.20 | $0.6M | Form 4 |
| Mar 25, 2026 | Adam CrystalPresident, R&D | Sold plan | 12,000 | $20.11 | $0.2M | Form 4 |
| Mar 5, 2026 | Adam CrystalPresident, R&D | Sold plan | 20,251 | $15.00 | $0.3M | Form 4 |
| Feb 25, 2026 | Adam CrystalPresident, R&D | Sold plan | 54,345 | $12.77 | $0.7M | Form 4 |
| Feb 3, 2026 | Adam CrystalPresident, R&D | Sold | 18,452 | $12.27 | $0.2M | Form 4 |
| Feb 3, 2026 | Barbara WeberDirector, Executive Chair, Director | Sold | 30,519 | $12.27 | $0.4M | Form 4 |
| Feb 3, 2026 | Daniella BeckmanChief Financial Officer | Sold | 10,317 | $12.27 | $0.1M | Form 4 |
| Oct 23, 2025 | TRV GP IV, LLC10% owner | Sold | 477,401 | $10.15 | $4.8M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Tango Therapeutics, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $485M | $366M | $337M | $258M | $343M |
| Current ratio | 12.1x | 6.8x | 7.5x | 7.0x | 16.3x |
| Quick ratio | 12.1x | 6.8x | 7.5x | 7.0x | 16.3x |
| Total assets | $500M | $436M | $403M | $316M | $399M |
| Total liabilities | $155M | $187M | $149M | $117M | $52.5M |
| Shareholders' equity | $345M | $249M | $253M | $200M | $346M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Tango Therapeutics, Inc. passes 3 of 7 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β |
| F-score | β / 3 | 3 / 7 | 0 / 7 | 2 / 7 | 1 / 7 | 3 / 7 |
| Accruals ratio | β58.9% | 0.4% | 0.2% | 3.9% | 0.3% | 10.4% |
| Altman Z'' | 1.76 | 6.42 | 2.48 | 1.76 | β1.74 | 5.58 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $7.7M | $37.0M | $24.9M | $36.5M | $42.1M | $62.4M |
| Net interest income | $0.1M | $0.5M | $1.5M | $6.6M | $7.9M | $5.6M |
| Research and development | $50.0M | $77.6M | $106M | $115M | $144M | $132M |
| Operating income | β$52.2M | β$58.2M | β$111M | β$114M | β$146M | β$111M |
| Pretax income | β$52.0M | β$57.9M | β$108M | β$102M | β$130M | β$102M |
| Income tax | $0.0M | $0.3M | $0.1M | $0.1M | $0.2M | $0.0M |
| Net income | β$52.0M | β$58.2M | β$108M | β$102M | β$130M | β$102M |
| Diluted EPS | β$1.63 | β$0.94 | β$1.23 | β$1.08 | β$1.19 | β$0.87 |
| Diluted shares | 0.03B | 0.06B | 0.09B | 0.09B | 0.11B | 0.12B |
| Cash flow | ||||||
| Cash from operations | $70.1M | β$59.5M | β$109M | β$118M | β$132M | β$139M |
| Capital expenditure | $1.1M | $1.8M | $7.7M | $1.5M | $0.8M | $1.0M |
| Free cash flow | $69.0M | β$61.4M | β$117M | β$120M | β$132M | β$140M |
| Depreciation and amortization | $0.7M | $0.9M | $1.6M | $2.4M | $2.5M | $2.3M |
| Stock-based compensation | $1.8M | $7.8M | $14.2M | $19.1M | $28.9M | $26.4M |
| Balance sheet | ||||||
| Cash and short-term investments | $190M | $485M | $366M | $337M | $258M | $343M |
| Current assets | $194M | $492M | $375M | $347M | $266M | $354M |
| Current liabilities | $40.9M | $40.7M | $55.5M | $45.9M | $38.2M | $21.7M |
| Property and equipment, net | $3.8M | $4.8M | $10.9M | $9.9M | $8.1M | $6.9M |
| Total assets | $207M | $500M | $436M | $403M | $316M | $399M |
| Total liabilities | $169M | $155M | $187M | $149M | $117M | $52.5M |
| Shareholders' equity | $38.6M | $345M | $249M | $253M | $200M | $346M |
| Margins | ||||||
| Operating margin | β681.8% | β157.1% | β446.8% | β312.6% | β346.1% | β178.4% |
| EBITDA margin | β672.4% | β154.7% | β440.3% | β306.0% | β340.1% | β174.7% |
| Net margin | β678.8% | β157.2% | β435.1% | β278.5% | β309.7% | β162.9% |
| FCF margin | 900.8% | β165.7% | β469.7% | β327.2% | β314.4% | β224.3% |
| Net interest share of revenue | 1.4% | 1.3% | 5.9% | 18.1% | 18.8% | 9.0% |
| Returns | ||||||
| Return on capital employed | β31.4% | β12.7% | β29.2% | β32.0% | β52.3% | β29.5% |
| Return on equity | β134.6% | β30.4% | β36.4% | β40.5% | β57.6% | β37.2% |
| Return on assets | β25.1% | β16.5% | β23.1% | β24.3% | β36.2% | β28.4% |
| Return on tangible equity | β134.6% | β16.9% | β43.4% | β40.2% | β65.3% | β29.3% |
| Growth | ||||||
| Revenue growth | β | 383.8% | β32.9% | 46.9% | 15.2% | 48.3% |
| FCF growth | β | β189.0% | β | β | β | β |
| Share count change | β | 94.5% | 41.4% | 7.7% | 15.5% | 6.4% |
| Financial health | ||||||
| Current ratio | 4.7x | 12.1x | 6.8x | 7.5x | 7.0x | 16.3x |
| Quick ratio | 4.7x | 12.1x | 6.8x | 7.5x | 7.0x | 16.3x |
| Capital allocation | ||||||
| Capex / revenue | 14.4% | 5.0% | 30.9% | 4.2% | 1.8% | 1.7% |
| Stock comp / revenue | 23.0% | 21.1% | 57.2% | 52.2% | 68.7% | 42.4% |
| Quality scores | ||||||
| Piotroski F-score | β | 3.0 | 0.0 | 2.0 | 1.0 | 3.0 |
| Altman Z'' | 1.8 | 6.4 | 2.5 | 1.8 | β1.7 | 5.6 |
| Accruals ratio | β58.9% | 0.4% | 0.2% | 3.9% | 0.3% | 10.4% |
Source: SEC EDGAR XBRL filings (CIK 0001819133). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
