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About

Tenaya Therapeutics, Inc., a clinical-stage biotechnology company, discovers, develops, and delivers therapies for heart disease in the United States. The company's lead product candidate includes TN-201, a gene therapy for myosin binding protein C3-associated hypertrophic cardiomyopathy that is in phase 2 clinical trial; TN-401, a gene therapy for plakophilin 2-associated arrhythmogenic right ventricular cardiomyopathy, which is in phase 1 clinical trial; and TN-301, a small molecule histone deacetylase-6 for heart failure with preserved ejection fraction that is in phase 1 clinical trial. It also develops an adeno-associated virus-based gene therapy designed to deliver the dworf gene for patient with dilated cardiomyopathy; and reprogramming program for heart failure due to prior myocardial infarction. The company develops its products through gene editing, cellular regeneration, gene silencing, and gene addition. Tenaya Therapeutics, Inc. was incorporated in 2016 and is headquartered in South San Francisco, California.

Fundamentals
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Sector Healthcare Industry Biotechnology Market Cap 132.39M
Enterprise Value 57.03M Income -94.26M Sales —
Book/sh 0.51 Cash/sh 0.34 Dividend Yield —
Payout 0.00% Employees 97 IPO —
P/E — Forward P/E -1.32 PEG —
P/S — P/B 1.21 P/C —
EV/EBITDA -0.64 EV/Sales — Quick Ratio 4.26
Current Ratio 4.64 Debt/Eq 13.91 LT Debt/Eq —
EPS (ttm) -0.75 EPS next Y -0.46 EPS Growth —
Revenue Growth — Earnings 2026-03-17 ROA -49.48%
ROE -96.44% ROIC — Gross Margin 0.00%
Oper. Margin 0.00% Profit Margin 0.00% Shs Outstand 216.51M
Shs Float 124.03M Short Float 22.10% Short Ratio 7.16
Short Interest — 52W High 2.35 52W Low 0.36
Beta 3.19 Avg Volume 4.88M Volume 3.51M
Target Price $10.00 Recom None Prev Close $0.59
Price $0.61 Change 4.19%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$10.00
Mean price target
2. Current target
$0.61
Latest analyst target
3. DCF / Fair value
$-3.38
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.61
Low
$2.00
High
$40.00
Mean
$10.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-18 main Canaccord Genuity Buy → Buy $5
2025-12-12 main HC Wainwright & Co. Buy → Buy $3
2025-12-12 main Chardan Capital Buy → Buy $8
2025-11-10 main Chardan Capital Buy → Buy $9
2025-09-02 reit HC Wainwright & Co. Buy → Buy $5
2025-08-27 reit HC Wainwright & Co. Buy → Buy $5
2025-08-07 main Chardan Capital Buy → Buy $9
2025-05-09 main Chardan Capital Buy → Buy $9
2025-04-25 reit HC Wainwright & Co. Buy → Buy $5
2025-03-31 reit HC Wainwright & Co. Buy → Buy $5
2025-03-13 main Canaccord Genuity Buy → Buy $6
2025-03-12 main Morgan Stanley Overweight → Overweight $5
2025-03-12 main Chardan Capital Buy → Buy $9
2025-03-11 main HC Wainwright & Co. Buy → Buy $5
2025-02-03 reit HC Wainwright & Co. Buy → Buy $18
2025-01-14 reit HC Wainwright & Co. Buy → Buy $18
2024-12-18 main Chardan Capital Buy → Buy $18
2024-12-18 reit HC Wainwright & Co. Buy → Buy $18
2024-11-26 reit HC Wainwright & Co. Buy → Buy $18
2024-11-25 reit HC Wainwright & Co. Buy → Buy $18
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 14862 9557 — Sale at price 0.64 per share. ALI FARAZ Chief Executive Officer — 2026-02-17 00:00:00 D
1 5160 3319 — Sale at price 0.64 per share. TINGLEY WHITTEMORE PH.D., M.D. Officer — 2026-02-17 00:00:00 D
2 3469 2231 — Sale at price 0.64 per share. HIGA TOMOHIRO Officer — 2026-02-17 00:00:00 D
3 4400290 3042222 — Sale at price 0.68 - 0.82 per share. COLUMN GROUP III GP, L.P Beneficial Owner of more than 10% of a Class of Security — 2026-02-11 00:00:00 I
4 158600 — — Stock Award(Grant) at price 0.00 per share. ALI FARAZ Chief Executive Officer — 2026-02-03 00:00:00 D
5 48750 — — Stock Award(Grant) at price 0.00 per share. TINGLEY WHITTEMORE PH.D., M.D. Officer — 2026-02-03 00:00:00 D
6 29250 — — Stock Award(Grant) at price 0.00 per share. HIGA TOMOHIRO Officer — 2026-02-03 00:00:00 D
7 3126 4158 — Sale at price 1.33 per share. ALI FARAZ Chief Executive Officer — 2025-11-17 00:00:00 D
8 2877 3826 — Sale at price 1.33 per share. TINGLEY WHITTEMORE PH.D., M.D. Officer — 2025-11-17 00:00:00 D
9 1367 1818 — Sale at price 1.33 per share. HIGA TOMOHIRO Officer — 2025-11-17 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-107.48M-122.51M-119.15M-69.84M
NetIncomeFromContinuingOperationNetMinorityInterest-111.13M-124.08M-123.67M-72.72M
ReconciledDepreciation8.47M8.69M6.47M2.96M
EBITDA-107.48M-122.51M-119.15M-69.84M
EBIT-115.95M-131.19M-125.62M-72.81M
NetInterestIncome4.74M7.06M1.95M108.00K
InterestIncome4.74M7.06M1.95M108.00K
NormalizedIncome-111.13M-124.08M-123.67M-72.72M
NetIncomeFromContinuingAndDiscontinuedOperation-111.13M-124.08M-123.67M-72.72M
TotalExpenses115.95M131.19M125.62M72.81M
TotalOperatingIncomeAsReported-115.95M-131.19M-125.62M-72.81M
DilutedAverageShares84.82M73.79M44.82M17.73M
BasicAverageShares84.82M73.79M44.82M17.73M
DilutedEPS-1.31-1.68-2.76-4.10
BasicEPS-1.31-1.68-2.76-4.10
DilutedNIAvailtoComStockholders-111.13M-124.08M-123.67M-72.72M
NetIncomeCommonStockholders-111.13M-124.08M-123.67M-72.72M
NetIncome-111.13M-124.08M-123.67M-72.72M
NetIncomeIncludingNoncontrollingInterests-111.13M-124.08M-123.67M-72.72M
NetIncomeContinuousOperations-111.13M-124.08M-123.67M-72.72M
TaxProvision0.000.000.000.00
PretaxIncome-111.13M-124.08M-123.67M-72.72M
OtherIncomeExpense82.00K53.00K2.00K-23.00K
OtherNonOperatingIncomeExpenses82.00K53.00K2.00K-23.00K
NetNonOperatingInterestIncomeExpense4.74M7.06M1.95M108.00K
InterestIncomeNonOperating4.74M7.06M1.95M108.00K
OperatingIncome-115.95M-131.19M-125.62M-72.81M
OperatingExpense115.95M131.19M125.62M72.81M
ResearchAndDevelopment86.74M98.04M94.54M54.39M
SellingGeneralAndAdministration29.21M33.16M31.08M18.41M
GeneralAndAdministrativeExpense29.21M33.16M31.08M18.41M
OtherGandA29.21M33.16M31.08M18.41M
TotalRevenue0.000.000.000.00
OperatingRevenue0.000.000.000.00
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber86.54M68.33M66.86M41.29M
ShareIssued86.54M68.33M66.86M41.29M
TotalDebt13.61M12.42M15.10M15.70M
TangibleBookValue92.85M139.42M243.38M278.53M
InvestedCapital92.85M139.42M243.38M278.53M
WorkingCapital51.40M88.85M169.51M233.58M
NetTangibleAssets92.85M139.42M243.38M278.53M
CapitalLeaseObligations13.61M12.42M15.10M15.70M
CommonStockEquity92.85M139.42M243.38M278.53M
TotalCapitalization92.85M139.42M243.38M278.53M
TotalEquityGrossMinorityInterest92.85M139.42M243.38M278.53M
StockholdersEquity92.85M139.42M243.38M278.53M
GainsLossesNotAffectingRetainedEarnings28.00K-106.00K-378.00K-141.00K
OtherEquityAdjustments28.00K-106.00K-378.00K-141.00K
RetainedEarnings-514.41M-403.28M-279.20M-155.53M
AdditionalPaidInCapital607.23M542.80M522.95M434.20M
CapitalStock8.00K7.00K7.00K4.00K
CommonStock8.00K7.00K7.00K4.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest27.09M31.09M35.57M35.66M
TotalNonCurrentLiabilitiesNetMinorityInterest11.11M8.36M11.32M13.89M
OtherNonCurrentLiabilities281.00K253.00K228.00K182.00K
PreferredSecuritiesOutsideStockEquity0.00
NonCurrentDeferredLiabilities0.00
LongTermDebtAndCapitalLeaseObligation10.83M8.11M11.09M13.71M
LongTermCapitalLeaseObligation10.83M8.11M11.09M13.71M
CurrentLiabilities15.97M22.73M24.25M21.77M
OtherCurrentLiabilities214.00K478.00K545.00K162.00K
CurrentDeferredLiabilities0.00
CurrentDebtAndCapitalLeaseObligation2.78M4.32M4.01M1.99M
CurrentCapitalLeaseObligation2.78M4.32M4.01M1.99M
PensionandOtherPostRetirementBenefitPlansCurrent5.59M8.70M6.42M3.67M
PayablesAndAccruedExpenses7.39M9.24M13.27M15.95M
CurrentAccruedExpenses1.88M3.33M3.70M5.23M
Payables5.51M5.91M9.58M10.72M
TotalTaxPayable348.00K280.00K
AccountsPayable5.16M5.63M9.58M10.72M
TotalAssets119.94M170.51M278.94M314.19M
TotalNonCurrentAssets52.56M58.93M85.19M58.83M
OtherNonCurrentAssets4.82M5.68M4.79M4.13M
InvestmentsAndAdvances0.0017.70M0.00
InvestmentinFinancialAssets0.0017.70M0.00
AvailableForSaleSecurities17.70M
NetPPE47.75M53.26M62.70M54.70M
AccumulatedDepreciation-32.29M-24.34M-15.68M-9.43M
GrossPPE80.04M77.60M78.37M64.13M
Leases26.16M25.61M23.61M7.24M
ConstructionInProgress1.92M1.73M3.13M32.56M
OtherProperties31.66M29.95M32.20M23.58M
MachineryFurnitureEquipment20.30M20.31M19.44M752.00K
Properties0.000.000.000.00
CurrentAssets67.38M111.58M193.75M255.36M
OtherCurrentAssets842.00K1.16M938.00K4.06M
PrepaidAssets5.09M5.78M4.04M4.06M
Receivables0.002.25M
TaxesReceivable0.002.25M
CashCashEquivalentsAndShortTermInvestments61.45M104.64M186.53M251.30M
OtherShortTermInvestments57.12M58.96M91.25M213.17M
CashAndCashEquivalents4.32M45.68M95.27M38.13M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-91.53M-103.31M-125.05M-85.93M
RepurchaseOfCapitalStock0.00-13.00K
IssuanceOfCapitalStock46.76M3.87M77.39M208.52M
CapitalExpenditure-1.02M-1.24M-20.63M-25.12M
EndCashPosition4.74M46.36M95.67M38.68M
BeginningCashPosition46.36M95.67M38.68M129.08M
ChangesInCash-41.62M-49.31M56.99M-90.41M
FinancingCashFlow47.75M4.05M77.77M208.97M
CashFlowFromContinuingFinancingActivities47.75M4.05M77.77M208.97M
NetOtherFinancingCharges-501.00K87.00K
ProceedsFromStockOptionExercised987.00K682.00K380.00K374.00K
NetPreferredStockIssuance0.0019.98M
PreferredStockIssuance0.0019.98M
NetCommonStockIssuance46.76M3.87M77.39M188.53M
CommonStockPayments0.00-13.00K
CommonStockIssuance46.76M3.87M77.39M188.54M
InvestingCashFlow1.13M48.72M83.65M-238.56M
CashFlowFromContinuingInvestingActivities1.13M48.72M83.65M-238.56M
NetOtherInvestingChanges17.00K-25.00K8.00K
NetInvestmentPurchaseAndSale2.14M49.98M104.27M-213.44M
SaleOfInvestment89.21M106.62M244.75M0.00
PurchaseOfInvestment-87.07M-56.64M-140.48M-213.44M
NetPPEPurchaseAndSale-1.02M-1.24M-20.63M-25.12M
PurchaseOfPPE-1.02M-1.24M-20.63M-25.12M
OperatingCashFlow-90.50M-102.07M-104.42M-60.81M
CashFlowFromContinuingOperatingActivities-90.50M-102.07M-104.42M-60.81M
ChangeInWorkingCapital-7.93M-5.65M-849.00K4.74M
ChangeInOtherCurrentLiabilities-4.12M-4.12M-3.11M-1.31M
ChangeInOtherCurrentAssets656.00K-601.00K-815.00K-3.11M
ChangeInPayablesAndAccruedExpense-5.33M-1.03M6.01M11.89M
ChangeInAccruedExpense-4.75M2.26M4.35M3.29M
ChangeInPayable-581.00K-3.28M1.66M8.60M
ChangeInAccountPayable-581.00K-3.28M1.66M8.60M
ChangeInPrepaidAssets857.00K101.00K-2.93M-2.73M
OtherNonCashItems3.77M3.35M2.46M1.12M
StockBasedCompensation16.50M15.31M11.47M2.95M
AmortizationOfSecurities-184.00K315.00K-307.00K131.00K
DepreciationAmortizationDepletion8.47M8.69M6.47M2.96M
DepreciationAndAmortization8.47M8.69M6.47M2.96M
Depreciation8.47M8.69M6.47M
OperatingGainsLosses61.00K
GainLossOnSaleOfPPE61.00K
NetIncomeFromContinuingOperations-111.13M-124.08M-123.67M-72.72M
SEC Filings

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

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