SANA Chart
About

Sana Biotechnology, Inc., a biotechnology company, focuses on utilizing engineered cells as medicines in the United States. It develops ex vivo and in vivo cell engineering platforms for various therapeutic areas with unmet treatment needs, including type 1 diabetes, B cell mediated autoimmune diseases, and oncology. The company's product pipeline includes UP421, a HIP-modified allogeneic primary islet cell product, which is in phase 1 clinical trial to treat type 1 diabetes; SC451, a HIP-modified, stem cell derived pancreatic islet cell therapy, which is in preclinical trial for the treatment of type 1 diabetes; SG293 and SG299, a CD8-targeted fusosome for the treatment of B cell hematologic malignancies and B cell mediated autoimmune diseases. The company has an option and license agreement with Beam Therapeutics Inc. for use of Beam's proprietary CRISPR Cas12b nuclease editing technology to research, develop, and commercialize engineered cell therapy products; and a license agreement with Harvard College to access certain intellectual property for the development of hypoimmune-modified cells. The company was formerly known as FD Therapeutics, Inc. and changed its name to Sana Biotechnology, Inc. in September 2018. Sana Biotechnology, Inc. was incorporated in 2018 and is headquartered in Seattle, Washington.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 873.06M
Enterprise Value 820.53M Income -244.17M Sales
Book/sh 0.60 Cash/sh 0.52 Dividend Yield
Payout 0.00% Employees 142 IPO
P/E Forward P/E -5.35 PEG
P/S P/B 5.43 P/C
EV/EBITDA -4.60 EV/Sales Quick Ratio 1.76
Current Ratio 1.89 Debt/Eq 53.62 LT Debt/Eq
EPS (ttm) -0.96 EPS next Y -0.61 EPS Growth
Revenue Growth Earnings 2026-05-07 ROA -26.00%
ROE -118.70% ROIC Gross Margin 0.00%
Oper. Margin 0.00% Profit Margin 0.00% Shs Outstand 266.87M
Shs Float 177.45M Short Float 36.48% Short Ratio 17.91
Short Interest 52W High 6.55 52W Low 1.26
Beta 1.96 Avg Volume 2.57M Volume 354.73K
Target Price $8.43 Recom Strong_buy Prev Close $3.27
Price $3.27 Change 0.05%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$8.43
Mean price target
2. Current target
$3.24
Latest analyst target
3. DCF / Fair value
$-3.61
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.24
Low
$6.00
High
$12.00
Mean
$8.43

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-04 main HC Wainwright & Co. Buy → Buy $7
2026-01-06 main B of A Securities Buy → Buy $7
2025-11-07 main Wedbush Outperform → Outperform $6
2025-11-07 main HC Wainwright & Co. Buy → Buy $9
2025-10-30 main Citizens Market Outperform → Market Outperform $8
2025-09-24 init Wedbush — → Outperform $5
2025-06-24 reit JMP Securities Market Outperform → Market Outperform $5
2025-04-24 reit HC Wainwright & Co. Buy → Buy $11
2025-03-18 up Citizens Capital Markets Market Perform → Market Outperform $5
2025-03-18 reit HC Wainwright & Co. Buy → Buy $11
2025-03-14 init Jefferies — → Buy $7
2025-01-08 main HC Wainwright & Co. Buy → Buy $11
2025-01-08 up TD Cowen Hold → Buy
2024-11-27 reit HC Wainwright & Co. Buy → Buy $8
2024-11-11 reit HC Wainwright & Co. Buy → Buy $8
2024-11-05 main HC Wainwright & Co. Buy → Buy $8
2024-11-05 down JMP Securities Market Outperform → Market Perform
2024-08-09 main Citigroup Buy → Buy $15
2024-08-09 main HC Wainwright & Co. Buy → Buy $11
2024-05-09 reit HC Wainwright & Co. Buy → Buy $12
Insider Transactions
Date Shares Url Text Insider Position Transaction Start Date Ownership Value
0 13666 WYRICK SUSAN D Officer 2026-03-06 00:00:00 D nan
1 91666 HARR STEVEN D Chief Executive Officer 2026-03-06 00:00:00 D nan
2 1525 WYRICK SUSAN D Officer 2026-03-02 00:00:00 D nan
3 6157 Stock Award(Grant) at price 0.00 per share. BISHOP HANS EDGAR Director 2026-01-05 00:00:00 D
4 7500 WYRICK SUSAN D Chief Financial Officer 2026-01-02 00:00:00 D nan
5 3400 WYRICK SUSAN D Chief Financial Officer 2025-12-12 00:00:00 D nan
6 20000 WYRICK SUSAN D Chief Financial Officer 2025-12-03 00:00:00 D nan
7 5628 Stock Award(Grant) at price 0.00 per share. BISHOP HANS EDGAR Director 2025-10-06 00:00:00 D
8 7842 Stock Award(Grant) at price 0.00 per share. BISHOP HANS EDGAR Director 2025-07-07 00:00:00 D
9 16339 Stock Award(Grant) at price 0.00 per share. BISHOP HANS EDGAR Director 2025-04-07 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-148.35M-253.44M-261.57M-256.94M
TotalUnusualItems-44.61M-1.89M-7.01M
TotalUnusualItemsExcludingGoodwill-44.61M-1.89M-7.01M
NetIncomeFromContinuingOperationNetMinorityInterest-244.17M-266.76M-283.25M-269.48M
ReconciledDepreciation12.75M15.50M17.54M15.62M
EBITDA-192.96M-255.33M-268.58M-256.94M
EBIT-205.71M-270.83M-286.13M-272.56M
NetInterestIncome3.85M10.47M9.94M3.76M
InterestIncome3.85M10.47M9.94M3.76M
NormalizedIncome-199.56M-264.87M-276.24M-269.48M
NetIncomeFromContinuingAndDiscontinuedOperation-244.17M-266.76M-283.25M-269.48M
TotalExpenses205.71M270.83M286.13M272.56M
TotalOperatingIncomeAsReported-250.32M-272.72M-293.14M-272.56M
DilutedAverageShares230.89M194.54M188.34M166.43M
BasicAverageShares230.89M194.54M188.34M166.43M
DilutedEPS-1.16-1.46-1.43-2.14
BasicEPS-1.16-1.46-1.43-2.14
DilutedNIAvailtoComStockholders-244.17M-266.76M-283.25M-269.48M
NetIncomeCommonStockholders-244.17M-266.76M-283.25M-269.48M
NetIncome-244.17M-266.76M-283.25M-269.48M
NetIncomeIncludingNoncontrollingInterests-244.17M-266.76M-283.25M-269.48M
NetIncomeContinuousOperations-244.17M-266.76M-283.25M-269.48M
TaxProvision0.00
PretaxIncome-244.17M-266.76M-283.25M-269.48M
OtherIncomeExpense-42.31M-6.40M-7.07M-674.00K
OtherNonOperatingIncomeExpenses2.31M-4.51M-52.00K-674.00K
SpecialIncomeCharges-44.61M-1.89M-7.01M
ImpairmentOfCapitalAssets44.61M1.89M7.01M
NetNonOperatingInterestIncomeExpense3.85M10.47M9.94M3.76M
InterestIncomeNonOperating3.85M10.47M9.94M3.76M
OperatingIncome-205.71M-270.83M-286.13M-272.56M
OperatingExpense205.71M270.83M286.13M272.56M
ResearchAndDevelopment161.41M206.79M212.83M201.00M
SellingGeneralAndAdministration44.30M64.04M73.30M71.56M
GeneralAndAdministrativeExpense44.30M64.04M73.30M71.56M
OtherGandA44.30M64.04M73.30M71.56M
TotalRevenue0.000.000.000.00
OperatingRevenue0.000.000.000.00
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber266.73M223.92M197.86M191.02M
ShareIssued266.73M223.92M197.86M191.02M
TotalDebt78.86M94.20M104.10M108.25M
TangibleBookValue-38.94M50.68M87.68M299.49M
InvestedCapital160.88M250.50M287.51M499.31M
WorkingCapital69.95M115.38M149.03M332.93M
NetTangibleAssets-38.94M50.68M87.68M299.49M
CapitalLeaseObligations78.86M94.20M104.10M108.25M
CommonStockEquity160.88M250.50M287.51M499.31M
TotalCapitalization160.88M250.50M287.51M499.31M
TotalEquityGrossMinorityInterest160.88M250.50M287.51M499.31M
StockholdersEquity160.88M250.50M287.51M499.31M
GainsLossesNotAffectingRetainedEarnings28.00K14.00K-60.00K-4.33M
OtherEquityAdjustments28.00K14.00K-60.00K-4.33M
RetainedEarnings-1.85B-1.60B-1.34B-1.05B
AdditionalPaidInCapital2.01B1.86B1.63B1.56B
CapitalStock27.00K22.00K20.00K19.00K
CommonStock27.00K22.00K20.00K19.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest256.01M250.52M277.79M323.40M
TotalNonCurrentLiabilitiesNetMinorityInterest177.28M205.08M213.31M211.90M
OtherNonCurrentLiabilities113.36M123.42M122.41M116.04M
LongTermDebtAndCapitalLeaseObligation63.92M81.66M90.90M95.86M
LongTermCapitalLeaseObligation63.92M81.66M90.90M95.86M
CurrentLiabilities78.73M45.43M64.49M111.50M
OtherCurrentLiabilities40.20M55.34M56.38M
CurrentDebtAndCapitalLeaseObligation14.94M12.53M13.20M12.39M
CurrentCapitalLeaseObligation14.94M12.53M13.20M12.39M
PensionandOtherPostRetirementBenefitPlansCurrent11.73M11.43M19.79M21.25M
PayablesAndAccruedExpenses11.86M21.47M31.51M22.52M
CurrentAccruedExpenses10.19M16.26M27.40M19.66M
Payables1.67M5.21M4.11M2.86M
AccountsPayable1.67M5.21M4.11M2.86M
TotalAssets416.89M501.02M565.30M822.72M
TotalNonCurrentAssets268.21M340.21M351.78M378.28M
OtherNonCurrentAssets3.17M5.12M6.37M9.01M
InvestmentsAndAdvances0.0010.05M195.88M
InvestmentinFinancialAssets0.0010.05M195.88M
AvailableForSaleSecurities10.05M195.88M
GoodwillAndOtherIntangibleAssets199.82M199.82M199.82M199.82M
OtherIntangibleAssets59.20M59.20M59.20M59.20M
Goodwill140.63M140.63M140.63M140.63M
NetPPE65.22M135.27M145.59M159.40M
AccumulatedDepreciation-54.76M-54.17M-41.77M-33.98M
GrossPPE119.97M189.44M187.36M193.38M
Leases39.06M33.34M31.36M34.43M
ConstructionInProgress0.0040.34M26.33M1.71M
OtherProperties76.78M110.92M126.55M154.33M
MachineryFurnitureEquipment4.14M4.84M3.12M2.91M
Properties0.000.000.000.00
CurrentAssets148.68M160.81M213.51M444.44M
OtherCurrentAssets6.10M4.48M4.49M14.37M
RestrictedCash4.20M3.83M3.83M6.10M
PrepaidAssets7.11M
CashCashEquivalentsAndShortTermInvestments138.38M152.50M205.19M423.96M
OtherShortTermInvestments66.51M24.93M71.68M247.20M
CashAndCashEquivalents71.87M127.57M133.52M176.76M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-144.77M-256.58M-273.61M-310.93M
RepaymentOfDebt-347.00K
IssuanceOfDebt126.40M188.74M27.02M0.00
IssuanceOfCapitalStock181.00M31.65M601.00K631.75M
CapitalExpenditure-938.00K-33.43M-20.03M-20.88M
EndCashPosition76.06M131.40M137.35M187.27M
BeginningCashPosition131.40M137.35M187.27M261.85M
ChangesInCash-55.33M-5.95M-49.92M-74.58M
FinancingCashFlow128.73M199.75M31.65M4.91M
CashFlowFromContinuingFinancingActivities128.73M199.75M31.65M4.91M
ProceedsFromStockOptionExercised2.68M11.01M4.63M4.31M
NetPreferredStockIssuance0.000.00
PreferredStockIssuance0.000.00
NetCommonStockIssuance181.00M31.65M601.00K631.75M
CommonStockIssuance181.00M31.65M601.00K631.75M
NetIssuancePaymentsOfDebt126.06M188.74M27.02M0.00
NetLongTermDebtIssuance126.06M188.74M27.02M0.00
LongTermDebtPayments-347.00K
LongTermDebtIssuance126.40M188.74M27.02M0.00
InvestingCashFlow-40.24M17.45M172.01M210.56M
CashFlowFromContinuingInvestingActivities-40.24M17.45M172.01M210.56M
NetOtherInvestingChanges1.43M-4.57M
NetInvestmentPurchaseAndSale-40.73M50.88M192.04M231.44M
SaleOfInvestment46.56M276.95M349.79M310.13M
PurchaseOfInvestment-87.29M-226.06M-157.74M-78.69M
NetBusinessPurchaseAndSale0.00
PurchaseOfBusiness0.00
NetPPEPurchaseAndSale-938.00K-33.43M-20.03M-20.88M
PurchaseOfPPE-938.00K-33.43M-20.03M-20.88M
OperatingCashFlow-143.83M-223.15M-253.58M-290.05M
CashFlowFromContinuingOperatingActivities-143.83M-223.15M-253.58M-290.05M
ChangeInWorkingCapital-10.11M-1.19M18.61M7.54M
ChangeInOtherWorkingCapital-3.00M9.34M10.96M1.56M
ChangeInPayablesAndAccruedExpense-8.28M-7.01M-491.00K11.97M
ChangeInAccruedExpense-4.74M-8.39M-1.52M10.91M
ChangeInPayable-3.54M1.38M1.03M1.06M
ChangeInAccountPayable-3.54M1.38M1.03M1.06M
ChangeInPrepaidAssets1.17M-3.51M8.14M-5.99M
OtherNonCashItems27.63M-10.28M-49.03M-82.08M
StockBasedCompensation25.46M37.68M35.53M38.34M
AssetImpairmentCharge44.61M1.89M7.01M
DeferredTax0.00
DeferredIncomeTax0.00
DepreciationAmortizationDepletion12.75M15.50M17.54M15.62M
DepreciationAndAmortization12.75M15.50M17.54M15.62M
Depreciation12.75M15.50M17.54M15.62M
NetIncomeFromContinuingOperations-244.17M-266.76M-283.25M-269.48M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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