TCRX Chart
About

TScan Therapeutics, Inc., a clinical-stage biotechnology company, develops T cell receptor-engineered T cell (TCR-T) therapies for the treatment of patients with cancer in the United States. The company's lead product candidates include TSC-100 and TSC-101 for the treatment of patients with acute myeloid leukemia (AML), myelodysplastic syndrome (MDS), and acute lymphoblastic leukemia (ALL) in patients undergoing allogeneic hematopoietic cell transplantation (HCT) is in Phase I clinical trial, as well as eliminates residual disease and promotes donor chimerism. It also advanced TS-102 into IND-enabling activities. In addition, the company develops TSC-200, TSC-201, TSC-202, TSC-203, and TSC-204, which are in Phase 1 clinical trial, for the treatment of solid tumors. It has collaboration agreements with Novartis Institutes for BioMedical Research, Inc. to discover and develop novel TCR-T therapies; and Amgen Inc. to identify antigens recognized by T cells in patients with Crohn's disease using TargetScan, a proprietary target discovery platform. TScan Therapeutics, Inc. was incorporated in 2018 and is headquartered in Waltham, Massachusetts.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 59.59M
Enterprise Value -29.25M Income -142.60M Sales 8.42M
Book/sh 2.54 Cash/sh 3.25 Dividend Yield —
Payout 0.00% Employees 146 IPO —
P/E — Forward P/E -1.05 PEG —
P/S 7.07 P/B 0.41 P/C —
EV/EBITDA 0.20 EV/Sales -3.47 Quick Ratio 6.32
Current Ratio 6.44 Debt/Eq 66.39 LT Debt/Eq —
EPS (ttm) -1.18 EPS next Y -1.00 EPS Growth —
Revenue Growth 139.40% Earnings 2025-11-12 08:00 ROA -30.45%
ROE -76.44% ROIC — Gross Margin -148.85%
Oper. Margin -14.76% Profit Margin 0.00% Shs Outstand 52.47M
Shs Float 47.12M Short Float 5.50% Short Ratio 4.95
Short Interest — 52W High 2.57 52W Low 0.88
Beta 1.04 Avg Volume 600.55K Volume 359.41K
Target Price $6.00 Recom Buy Prev Close $1.01
Price $1.05 Change 3.96%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.00
Mean price target
2. Current target
$1.05
Latest analyst target
3. DCF / Fair value
$-30.11
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.05
Low
$5.00
High
$7.00
Mean
$6.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-13 main HC Wainwright & Co. Buy → Buy $7
2025-11-04 down BTIG Buy → Neutral —
2025-11-04 main Needham Buy → Buy $6
2025-05-07 main HC Wainwright & Co. Buy → Buy $10
2025-04-08 reit Needham Buy → Buy $9
2025-03-07 main Barclays Overweight → Overweight $3
2025-03-06 reit HC Wainwright & Co. Buy → Buy $15
2025-03-05 main Needham Buy → Buy $9
2024-12-11 reit HC Wainwright & Co. Buy → Buy $15
2024-12-11 reit Needham Buy → Buy $11
2024-11-15 reit HC Wainwright & Co. Buy → Buy $15
2024-11-12 reit Needham Buy → Buy $11
2024-11-06 reit Needham Buy → Buy $11
2024-08-13 reit Wedbush Outperform → Outperform $10
2024-08-13 reit HC Wainwright & Co. Buy → Buy $15
2024-08-12 reit Needham Buy → Buy $11
2024-06-04 reit HC Wainwright & Co. Buy → Buy $15
2024-05-16 init BTIG — → Buy $12
2024-05-14 reit HC Wainwright & Co. Buy → Buy $15
2024-05-13 reit Needham Buy → Buy $11
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 161801 145526 — Purchase at price 0.90 per share. LYNX1 CAPITAL MANAGEMENT LP Beneficial Owner of more than 10% of a Class of Security — 2025-12-23 00:00:00 I
1 2588794 3106553 — Purchase at price 1.20 per share. LYNX1 CAPITAL MANAGEMENT LP Beneficial Owner of more than 10% of a Class of Security — 2025-05-20 00:00:00 I
2 131800 385769 — Purchase at price 2.90 - 3.01 per share. LYNX1 CAPITAL MANAGEMENT LP Beneficial Owner of more than 10% of a Class of Security — 2024-12-13 00:00:00 I
3 947 4114 — Purchase at price 4.34 per share. LYNX1 CAPITAL MANAGEMENT LP Beneficial Owner of more than 10% of a Class of Security — 2024-11-15 00:00:00 I
4 5000 26450 — Purchase at price 5.29 per share. KLENCKE BARBARA M.D. Director — 2024-09-23 00:00:00 D
5 10000 56100 — Purchase at price 5.53 - 5.69 per share. KLENCKE BARBARA M.D. Director — 2024-08-26 00:00:00 D
6 164686 952116 — Sale at price 5.78 per share. ZDRAVESKI ZORAN Officer — 2024-08-23 00:00:00 D
7 157186 531520 — Conversion of Exercise of derivative security at price 1.81 - 4.85 per share. ZDRAVESKI ZORAN Officer — 2024-08-23 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-118.65M-80.10M-59.91M-45.30M
TotalUnusualItems-1.09M0.00
TotalUnusualItemsExcludingGoodwill-1.09M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-127.50M-89.22M-66.22M-48.62M
ReconciledDepreciation4.11M5.36M5.14M3.33M
EBITDA-119.74M-80.10M-59.91M-45.30M
EBIT-123.85M-85.46M-65.05M-48.62M
NetInterestIncome8.41M4.24M415.00K16.00K
InterestExpense3.65M3.76M1.18M0.00
InterestIncome12.06M8.00M1.59M16.00K
NormalizedIncome-126.41M-89.22M-66.22M-48.62M
NetIncomeFromContinuingAndDiscontinuedOperation-127.50M-89.22M-66.22M-48.62M
TotalExpenses137.64M114.51M80.17M58.78M
TotalOperatingIncomeAsReported-134.82M-93.46M-66.64M-48.64M
DilutedAverageShares111.99M65.60M24.05M11.66M
BasicAverageShares111.99M65.60M24.05M11.66M
DilutedEPS-1.14-1.36-2.75-4.17
BasicEPS-1.14-1.36-2.75-4.17
DilutedNIAvailtoComStockholders-127.50M-89.22M-66.22M-48.62M
NetIncomeCommonStockholders-127.50M-89.22M-66.22M-48.62M
NetIncome-127.50M-89.22M-66.22M-48.62M
NetIncomeIncludingNoncontrollingInterests-127.50M-89.22M-66.22M-48.62M
NetIncomeContinuousOperations-127.50M-89.22M-66.22M-48.62M
PretaxIncome-127.50M-89.22M-66.22M-48.62M
OtherIncomeExpense-1.09M
SpecialIncomeCharges-1.09M0.00
OtherSpecialCharges1.09M
NetNonOperatingInterestIncomeExpense8.41M4.24M415.00K16.00K
TotalOtherFinanceCost-16.00K
InterestExpenseNonOperating3.65M3.76M1.18M0.00
InterestIncomeNonOperating12.06M8.00M1.59M16.00K
OperatingIncome-134.82M-93.46M-66.64M-48.64M
OperatingExpense137.64M114.51M80.17M58.78M
DepreciationAmortizationDepletionIncomeStatement728.00K862.00K
DepreciationAndAmortizationInIncomeStatement728.00K862.00K
DepreciationIncomeStatement728.00K862.00K
ResearchAndDevelopment107.35M88.15M59.82M44.95M
SellingGeneralAndAdministration29.56M25.49M20.35M13.83M
GeneralAndAdministrativeExpense29.56M25.49M20.35M13.83M
OtherGandA13.96M14.10M8.70M7.15M
SalariesAndWages15.60M11.40M11.65M6.68M
TotalRevenue2.82M21.05M13.54M10.14M
OperatingRevenue2.82M21.05M13.54M10.14M
Line Item2023-12-312021-12-31
TreasurySharesNumber0.00116.87K
OrdinarySharesNumber56.59M47.83M24.23M23.91M
ShareIssued56.59M47.83M24.23M24.02M
TotalDebt97.38M92.43M85.98M6.04M
TangibleBookValue240.97M150.87M99.43M160.78M
InvestedCapital273.04M180.91M128.72M160.78M
WorkingCapital256.77M164.42M106.82M144.31M
NetTangibleAssets240.97M150.87M99.43M160.78M
CapitalLeaseObligations65.31M62.39M56.69M6.04M
CommonStockEquity240.97M150.87M99.43M160.78M
TotalCapitalization273.04M177.57M128.72M160.78M
TotalEquityGrossMinorityInterest240.97M150.87M99.43M160.78M
StockholdersEquity240.97M150.87M99.43M160.78M
GainsLossesNotAffectingRetainedEarnings51.00K0.00
OtherEquityAdjustments51.00K
RetainedEarnings-375.10M-247.60M-158.38M-92.16M
AdditionalPaidInCapital616.01M398.46M257.81M252.93M
CapitalStock6.00K5.00K3.00K3.00K
CommonStock6.00K5.00K3.00K3.00K
PreferredStock0.000.00
TotalLiabilitiesNetMinorityInterest130.15M121.28M99.66M27.33M
TotalNonCurrentLiabilitiesNetMinorityInterest94.19M91.46M82.35M5.99M
OtherNonCurrentLiabilities135.00K49.00K97.00K
NonCurrentDeferredLiabilities1.25M5.62M0.001.50M
NonCurrentDeferredRevenue1.25M5.62M0.001.50M
LongTermDebtAndCapitalLeaseObligation92.81M85.84M82.30M4.39M
LongTermCapitalLeaseObligation60.74M59.14M53.01M4.39M
LongTermDebt32.07M26.70M29.29M
CurrentLiabilities35.96M29.82M17.30M21.34M
OtherCurrentLiabilities76.00K425.00K431.00K1.01M
CurrentDeferredLiabilities11.70M10.14M3.87M11.41M
CurrentDeferredRevenue11.70M10.14M3.87M11.41M
CurrentDebtAndCapitalLeaseObligation4.57M6.59M3.68M1.65M
CurrentCapitalLeaseObligation4.57M3.25M3.68M1.65M
CurrentDebt3.35M
OtherCurrentBorrowings3.35M
PensionandOtherPostRetirementBenefitPlansCurrent6.84M5.48M4.36M2.60M
PayablesAndAccruedExpenses12.77M7.19M4.96M4.67M
CurrentAccruedExpenses8.49M4.81M2.05M2.90M
Payables4.28M2.37M2.91M1.76M
AccountsPayable4.28M2.37M2.91M1.76M
TotalAssets371.12M272.15M199.09M188.11M
TotalNonCurrentAssets78.40M77.91M74.96M22.45M
OtherNonCurrentAssets6.80M6.68M5.76M5.20M
NonCurrentPrepaidAssets166.00K
NetPPE71.60M71.23M69.20M17.26M
AccumulatedDepreciation-18.70M-14.60M-10.22M-5.08M
GrossPPE90.30M85.83M79.42M22.34M
Leases3.26M3.16M3.45M3.43M
ConstructionInProgress100.00K548.00K5.00K1.26M
OtherProperties83.73M79.14M13.75M16.85M
MachineryFurnitureEquipment3.22M2.98M62.22M793.00K
Properties0.000.000.000.00
CurrentAssets292.72M194.24M124.13M165.65M
OtherCurrentAssets2.61M2.19M4.10M4.25M
PrepaidAssets4.25M
CashCashEquivalentsAndShortTermInvestments290.11M192.04M120.03M161.41M
OtherShortTermInvestments111.42M58.69M0.00
CashAndCashEquivalents178.69M133.36M120.03M161.41M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-114.65M-64.50M-70.73M-58.62M
RepaymentOfDebt-17.14M0.00
IssuanceOfDebt32.46M0.0029.35M0.00
IssuanceOfCapitalStock33.13M42.41M193.00K189.38M
CapitalExpenditure-3.83M-3.15M-4.22M-9.94M
InterestPaidSupplementalData2.88M3.00M660.00K0.00
EndCashPosition183.72M138.39M125.06M166.44M
BeginningCashPosition138.39M125.06M166.44M35.39M
ChangesInCash45.33M13.33M-41.37M131.05M
FinancingCashFlow208.76M135.44M29.36M189.67M
CashFlowFromContinuingFinancingActivities208.76M135.44M29.36M189.67M
NetOtherFinancingCharges-324.00K
ProceedsFromStockOptionExercised160.32M93.03M133.00K291.00K
NetPreferredStockIssuance0.0099.73M
PreferredStockIssuance0.0099.73M
NetCommonStockIssuance33.13M42.41M193.00K89.65M
CommonStockIssuance33.13M42.41M193.00K89.65M
NetIssuancePaymentsOfDebt15.31M0.0029.35M0.00
NetLongTermDebtIssuance15.31M0.0029.35M0.00
LongTermDebtPayments-17.14M0.00
LongTermDebtIssuance32.46M0.0029.35M0.00
InvestingCashFlow-52.61M-60.76M-4.22M-9.94M
CashFlowFromContinuingInvestingActivities-52.61M-60.76M-4.22M-9.94M
NetInvestmentPurchaseAndSale-48.79M-57.61M0.00
SaleOfInvestment192.66M20.00M0.00
PurchaseOfInvestment-241.44M-77.61M0.00
NetPPEPurchaseAndSale-3.83M-3.15M-4.22M-9.94M
PurchaseOfPPE-3.83M-3.15M-4.22M-9.94M
OperatingCashFlow-110.82M-61.36M-66.50M-48.68M
CashFlowFromContinuingOperatingActivities-110.82M-61.36M-66.50M-48.68M
ChangeInWorkingCapital5.05M17.61M-10.23M-5.90M
ChangeInOtherWorkingCapital-934.00K12.82M-11.08M-6.54M
ChangeInPayablesAndAccruedExpense6.53M3.80M1.26M3.24M
ChangeInAccruedExpense4.53M3.85M732.00K3.23M
ChangeInPayable1.99M-52.00K528.00K10.00K
ChangeInAccountPayable1.99M-52.00K528.00K10.00K
ChangeInPrepaidAssets-538.00K985.00K-410.00K-2.60M
OtherNonCashItems773.00K757.00K260.00K
StockBasedCompensation9.55M5.21M4.55M2.52M
AmortizationOfSecurities-3.90M-1.07M0.00
DepreciationAmortizationDepletion4.11M5.36M5.14M3.33M
DepreciationAndAmortization4.11M5.36M5.14M3.33M
Depreciation4.11M5.36M5.14M
OperatingGainsLosses1.09M
GainLossOnSaleOfPPE0.00
NetIncomeFromContinuingOperations-127.50M-89.22M-66.22M-48.62M
SEC Filings

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

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