IBIO Nasdaq Pharmaceutical Preparations Financials FY2017βFY2026
iBio, Inc. had $0.1M of revenue in fiscal 2026, down 75.0% on the year before. Over five years, revenue changed β46.9% a year on average.
Last close Β· Oct 23, 2026
$0.72
8.4%Hi! I read iBio, Inc.βs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
β75.0%
No. Sales fell 75.0% last year.
Does it make a profit?
β33,044.0%
No. It lost money last year.
Does profit turn into cash?
β23,796.0%
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?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days iBio, Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
November 11, 2026
Wednesday Β· in 16 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 28, 2026 | Q4 '26 | Before the market opens | 8-K β |
| May 12, 2026 | Q3 '26 | After the market closes | 8-K β |
| Feb 10, 2026 | Q2 '26 | After the market closes | 8-K β |
| Nov 12, 2025 | Q1 '26 | After the market closes | 8-K β |
| Aug 18, 2025 | Q4 '25 | After the market closes | 8-K β |
| May 2, 2025 | Q3 '25 | Before the market opens | 8-K β |
| Feb 10, 2025 | Q2 '25 | After the market closes | 8-K β |
| Nov 12, 2024 | Q1 '25 | After the market closes | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· iBio, Inc. had $0.1M of revenue in fiscal 2026, down 75.0% on the year before. Over five years, revenue changed β46.9% a year on average. Its operating margin was β35,141.0%, down 30,490.5Β pts: of every 100 in sales, about β35,141 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· iBio, Inc. lost $33.0M in fiscal 2026.
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$23.8M in fiscal 2026, β23,796.0% 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· No open-market insider trades in the last 12 months.
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
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably iBio, 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 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $22.7M | $4.3M | $14.2M | $8.6M | $88.0M |
| Interest coverage | β21.0x | β353.5x | β96.7x | β87.7x | β663.0x |
| Current ratio | 1.5x | 1.2x | 4.1x | 1.6x | 7.9x |
| Quick ratio | 1.4x | 1.2x | 4.1x | 1.6x | 7.9x |
| Total assets | $99.4M | $41.2M | $28.7M | $23.2M | $99.1M |
| Total liabilities | $35.9M | $25.8M | $7.4M | $8.3M | $13.4M |
| Shareholders' equity | $63.5M | $15.4M | $21.3M | $14.9M | $85.7M |
| 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· iBio, 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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 3 / 7 | 2 / 7 | 3 / 7 | 3 / 8 | 3 / 8 | 2 / 7 | 4 / 7 | 3 / 7 | 3 / 7 |
| Accruals ratio | β3.8% | β6.6% | β9.8% | β5.0% | 5.7% | β10.4% | β49.2% | β18.2% | β11.8% | β16.1% |
| Altman Z'' | β7.65 | β6.09 | β14.37 | β0.69 | 2.07 | β6.53 | β26.36 | β33.77 | β49.20 | β2.35 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $0.4M | $0.4M | $2.0M | $1.6M | $2.4M | $1.9M | $0.0M | $0.2M | $0.4M | $0.1M |
| Gross profit | β | β | β | $0.9M | $0.9M | $2.2M | β | β | β | β |
| Research and development | $4.1M | $4.0M | $5.5M | $3.6M | $10.0M | $9.8M | $10.3M | $5.2M | $8.3M | $19.6M |
| Operating income | β$14.3M | β$14.2M | β$15.8M | β$14.0M | β$31.1M | β$29.7M | β$29.3M | β$16.6M | β$18.6M | β$35.1M |
| Interest expense | $1.9M | $1.9M | $1.9M | $2.5M | $2.5M | $1.4M | $0.1M | $0.2M | $0.2M | $0.1M |
| Pretax income | β | β | β | β | β | β | β | β | β$18.4M | β$33.0M |
| Income tax | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Net income | β$14.5M | β$16.1M | β$17.6M | β$16.4M | β$23.2M | β$50.3M | β$65.0M | β$24.9M | β$18.4M | β$33.0M |
| Net income to common | β$14.6M | β$16.4M | β$17.9M | β$38.3M | β$23.5M | β$29.6M | β$29.3M | β | β$18.4M | β$33.0M |
| Diluted EPS | β$1.64 | β$1.54 | β$0.94 | β$0.61 | β$3.00 | β$5.78 | β$106.19 | β$6.50 | β$1.75 | β$0.32 |
| Diluted shares | 0.01B | 0.01B | 0.02B | 0.06B | 0.01B | 0.01B | 0.00B | 0.00B | 0.01B | 0.10B |
| Cash flow | ||||||||||
| Cash from operations | β$13.2M | β$13.5M | β$14.0M | β$13.3M | β$30.1M | β$37.5M | β$30.4M | β$18.6M | β$15.3M | β$23.2M |
| Capital expenditure | $1.3M | $0.9M | $0.9M | $1.1M | $4.9M | $7.3M | $5.7M | $0.2M | $0.0M | $0.6M |
| Free cash flow | β$14.5M | β$14.4M | β$14.9M | β$14.4M | β$35.0M | β$44.8M | β$36.2M | β$18.8M | β$15.3M | β$23.8M |
| Depreciation and amortization | $1.3M | $1.4M | $0.2M | $0.3M | $0.5M | $2.3M | $0.7M | $0.6M | $0.5M | $0.6M |
| Stock-based compensation | $1.0M | $0.8M | $0.2M | $0.4M | $1.6M | $4.4M | $4.4M | $2.0M | $1.5M | $1.4M |
| Acquisitions | β | β | β | β | β | β | $0.7M | β | β | β |
| Balance sheet | ||||||||||
| Cash and short-term investments | $15.9M | $4.4M | $4.4M | $55.1M | $77.4M | $22.7M | $4.3M | $14.2M | $8.6M | $88.0M |
| Current assets | $8.6M | $16.3M | $4.8M | $61.7M | $105M | $45.1M | $26.3M | $15.7M | $9.7M | $92.2M |
| Current liabilities | $2.0M | $2.0M | $3.5M | $5.2M | $6.6M | $30.4M | $22.1M | $3.8M | $6.1M | $11.7M |
| Inventory | β | β | β | β | $0.0M | $3.9M | $0.0M | $0.0M | β | β |
| Property and equipment, net | $25.6M | $25.2M | $24.4M | $3.7M | $8.6M | $1.4M | $4.2M | $3.6M | $3.2M | $3.1M |
| Intangible assets | $1.8M | $1.6M | $1.4M | $1.1M | $1.0M | $4.9M | $5.4M | $5.4M | $6.8M | $1.8M |
| Total assets | $36.0M | $43.1M | $30.6M | $94.2M | $147M | $99.4M | $41.2M | $28.7M | $23.2M | $99.1M |
| Total liabilities | $27.1M | $26.9M | $28.1M | $37.6M | $38.4M | $35.9M | $25.8M | $7.4M | $8.3M | $13.4M |
| Preferred stock | $0.0M | β | $0.0M | β | β | β | $0.0M | $0.0M | β | β |
| Shareholders' equity | $8.9M | $16.2M | $2.5M | $56.6M | $109M | $63.5M | $15.4M | $21.3M | $14.9M | $85.7M |
| Margins | ||||||||||
| Gross margin | β | β | β | 57.1% | 38.3% | 115.0% | β | β | β | β |
| Operating margin | β3,622.8% | β3,204.3% | β782.4% | β854.9% | β1,312.1% | β1,576.3% | β | β7,392.9% | β4,650.5% | β35,141.0% |
| EBITDA margin | β3,286.3% | β2,896.2% | β773.5% | β837.7% | β1,292.2% | β1,455.5% | β | β7,109.3% | β4,529.5% | β34,583.0% |
| Net margin | β3,688.3% | β3,627.3% | β871.8% | β1,003.6% | β978.8% | β2,670.0% | β | β11,069.8% | β4,594.3% | β33,044.0% |
| FCF margin | β3,676.6% | β3,246.4% | β738.1% | β880.5% | β1,475.5% | β2,378.5% | β | β8,339.6% | β3,830.0% | β23,796.0% |
| Returns | ||||||||||
| Return on capital employed | β42.0% | β34.7% | β58.2% | β15.7% | β22.2% | β43.1% | β153.6% | β66.8% | β108.9% | β40.2% |
| Return on equity | β163.0% | β128.4% | β188.9% | β55.6% | β28.1% | β58.5% | β164.9% | β135.7% | β101.5% | β65.7% |
| Return on assets | β40.4% | β40.7% | β47.8% | β26.3% | β19.2% | β40.8% | β92.5% | β71.2% | β70.8% | β54.0% |
| Return on tangible equity | β206.2% | β112.5% | β1,639.4% | β69.0% | β21.8% | β50.5% | β293.3% | β156.1% | β228.8% | β39.4% |
| Growth | ||||||||||
| Revenue growth | β | 12.7% | 354.5% | β18.8% | 44.7% | β20.5% | β100.0% | β | 77.8% | β75.0% |
| Share count change | β | 19.3% | 78.0% | 231.8% | β87.5% | 11.5% | β93.0% | 526.0% | 174.1% | 891.1% |
| Financial health | ||||||||||
| Interest coverage | β7.4x | β7.4x | β8.3x | β5.7x | β12.7x | β21.0x | β353.5x | β96.7x | β87.7x | β663.0x |
| Current ratio | 4.3x | 8.0x | 1.4x | 11.8x | 15.7x | 1.5x | 1.2x | 4.1x | 1.6x | 7.9x |
| Quick ratio | 4.3x | 8.0x | 1.4x | 11.8x | 15.7x | 1.4x | 1.2x | 4.1x | 1.6x | 7.9x |
| Capital allocation | ||||||||||
| Capex / revenue | 335.8% | 210.4% | 45.6% | 65.8% | 207.5% | 389.1% | β | 93.3% | 4.0% | 578.0% |
| Stock comp / revenue | 256.3% | 173.4% | 11.9% | 23.7% | 66.9% | 232.3% | β | 905.8% | 382.5% | 1,373.0% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 3.0 | 2.0 | 3.0 | 3.0 | 3.0 | 2.0 | 4.0 | 3.0 | 3.0 |
| Altman Z'' | β7.7 | β6.1 | β14.4 | β0.7 | 2.1 | β6.5 | β26.4 | β33.8 | β49.2 | β2.4 |
| Accruals ratio | β3.8% | β6.6% | β9.8% | β5.0% | 5.7% | β10.4% | β49.2% | β18.2% | β11.8% | β16.1% |
Source: SEC EDGAR XBRL filings (CIK 0001420720). 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.
