Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Lexeo Therapeutics, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2023
FY2024
FY2025
Revenue
0.65
Research and development
49.2
53.1
74.1
63.8
General and administrative
12
15.4
31.7
45.5
Operating expenses
61.2
68.5
106
109
Operating income
-60.5
-68.5
-106
-109
Interest expense
0.09
0.21
0.14
0.1
Interest income
1.33
2.87
7.56
6.13
Other non-operating income
1.23
2.12
7.43
9.3
Pre-tax income
-59.3
-66.4
-98.4
-99.7
Income tax
0
0
Net income
-59.3
-66.4
-98.3
-100
EBITDA
-60.4
-68.2
-105
-109
EPS, basic
-36.36
-12.40
-3.09
-1.86
EPS, diluted
-36.36
-12.40
-3.09
-1.86
Shares, basic (weighted)
1.63
5.35
31.8
53.6
Shares, diluted (weighted)
1.63
5.35
31.8
53.6
Balance sheet
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
77.3
121
35
63
Short-term investments
86.5
119
Other current assets
0.37
0
4.6
6.63
Total current assets
80
124
126
188
Property, plant and equipment
1
1.06
1.03
1.14
Lease right-of-use assets
10.7
9.44
8.07
6.58
Long-term investments
7.01
64.8
Total assets
97.1
140
147
269
Accounts payable
2.68
3.79
6.42
4.86
Total current liabilities
14.3
17.2
22.8
16.8
Lease liabilities
9
7.79
6.44
4.88
Total liabilities
25
26.3
30.1
22
Paid-in capital
2.49
295
397
627
Retained earnings
-115
-182
-280
-380
Treasury stock
-0.02
-0.02
Other comprehensive income
-0.1
0.19
Shareholders' equity
-113
114
117
247
Total equity
-113
114
117
247
Total liabilities and equity
97.1
140
147
269
Shares outstanding
1.61
26.6
33.1
73
Cash flow statement
FY2023
FY2023
FY2024
FY2025
Net income
-59.3
-66.4
-98.3
-100
Depreciation and amortization
0.12
0.27
0.3
0.27
Stock-based compensation
1.78
3.04
12.5
12.1
Change in payables
-0.43
-0.18
2.38
-1.56
Cash from operations
-54.6
-59.5
-81.2
-98.6
Capital expenditures
-0.67
-0.12
-0.48
-0.4
Purchases of investments
-93.6
-195
Sales and maturities of investments
106
Cash from investing
-0.9
-0.17
-94.1
-90.3
Stock issued
0.33
0.05
0.49
0.27
Cash from financing
0.19
104
88.8
217
Net change in cash
-55.3
44.1
-86.5
28
Free cash flow
-55.2
-59.6
-81.6
-99
Interest paid
0.08
0.18
0.13
0.1
Income taxes paid
0.13
0.55
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $3.31 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-37.1%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-34.2%
Net income / average total assets.
Return on invested capital (ROIC)
-52.8%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Growth
Metric
Value
How it is calculated
Book value growth, 1y
111.1%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
82.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
40.4%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
68.8%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
220.4%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
13.9x
Current assets / current liabilities.
Quick ratio
13.5x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
13.5x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share
-$1.04
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$1.03
Cash from operations / diluted weighted shares.
Book value per share
$2.99
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
1.16x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.16x
Market cap / tangible book value, when positive.
FCF yield
-32.7%
Free cash flow / market cap.
Earnings yield
-32.1%
Net income / market cap (the inverse of P/E).
Was Lexeo Therapeutics, Inc. profitable in fiscal 2025?
No. It reported a net loss of $100.0M.
How much free cash flow did Lexeo Therapeutics, Inc. generate in fiscal 2025?
Cash from operations of $98.6M minus capital expenditures of $397.0K left free cash flow of -$99.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.