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NASDAQ · Health care

Mustang Bio, Inc. (MBIO)

It posted a net loss of $3M. At June 30, 2026 it held $15.2M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 5, 2026.

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Price
$0.44
-2.15% on the day · November 11, 2026
52-week range $0.35 to $1.43
Market cap
$3.3M

Key facts about Mustang Bio, Inc.

Net worth
Mustang Bio, Inc. has a market value (market cap) of $3.3M at the latest share price, and shareholders' equity of $7.5M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Cash flow
In fiscal 2025 operations used $5.3M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 5, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
Next earnings report
Mustang Bio, Inc.'s next report was expected around November 6, 2026 and is not on file with the SEC yet.

What Mustang Bio, Inc. does

Mustang Bio, Inc. is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NASDAQ under the ticker MBIO.

Revenue and profit by year

Net income
FY18: -$30.7M -$30.7M FY18FY19: -$46.4M -$46.4M FY19FY20: -$60M -$60M FY20FY21: -$66.4M -$66.4M FY21FY22: -$77.5M -$77.5M FY22FY23: -$51.6M -$51.6M FY23FY24: -$15.8M -$15.8M FY24FY25: -$1.9M -$1.9M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025n/a-$2.4M-$1.9M-$0.39n/a
2024n/a-$16.2M-$15.8M-$38.57-$11.4M
2023n/a-$49.3M-$51.6M-$299.95-$49.5M
2022n/a-$76.2M-$77.5M-$504.42-$67.8M
2021n/a-$66.7M-$66.4M-$511.14-$57.7M
2020n/a-$56.8M-$60M-$766.71-$39.2M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

A report was expected around November 6, 2026 and is not on file yet.

Estimated from its filing rhythm: 52 weeks after its report of November 7, 2025. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Latest SEC filings

What Mustang Bio, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 5, 2026
    Quarterly report 10-Q · period to June 30, 2026Diluted EPS -$0.16 versus -$0.19.
  2. May 5, 2026
    Quarterly report 10-Q · period to March 31, 2026Diluted EPS -$0.14 versus -$0.05.
  3. April 17, 2026
  4. March 19, 2026
    Annual report 10-K · period to December 31, 2025Diluted EPS -$0.39 versus -$38.57.
  5. December 23, 2025
  6. December 3, 2025
  7. November 7, 2025
    Quarterly report 10-Q · period to September 30, 2025Diluted EPS -$0.07 versus -$1.96.
  8. August 12, 2025
  9. August 8, 2025
    Quarterly report 10-Q · period to June 30, 2025Diluted EPS was -$0.19.
  10. July 9, 2025

Recent insider filings (Forms 3, 4 and 144): 9, the latest on April 27, 2026. Insider transactions on SEC

Insider trades

What the people running Mustang Bio, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
April 24, 2026 Litchman Manuel MDPresident, CEO and Interim CFO, Director Shares withheld for tax 19 $0.75 $14.3 Form 4
December 30, 2025 Jin DavidDirector Bought 247 $0.96 $237.6 Form 4
December 30, 2025 Chill Adam J.Director Sold 4 $0.95 $3.8 Form 4
December 30, 2025 Herskowitz NeilDirector Sold 247 $0.96 $237.6 Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns MBIO

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

No holder of 5% or more has filed about this company in that window.

Latest filings below 5%: Mitchell P. Kopin 4.99% (August 12, 2025); Armistice Capital, LLC 4.99% (May 15, 2025).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

4 insiders reported holding 2,421 shares in total, about $1.1K at the last price.

HolderSharesAs of
Litchman Manuel MDPresident, CEO and Interim CFO, Director 1,615 April 24, 2026
Chill Adam J.Director 375 December 30, 2025
Jin DavidDirector 286 December 30, 2025
Herskowitz NeilDirector 145 December 30, 2025

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about MBIO

What does Mustang Bio, Inc. do?

Mustang Bio, Inc. is a company in the Health care sector, listed on NASDAQ as MBIO. Its shares trade on NASDAQ under the ticker MBIO.

What is Mustang Bio, Inc.'s net worth?

Mustang Bio, Inc. has a market value (market cap) of $3.3M at the latest share price, and shareholders' equity of $7.5M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Mustang Bio, Inc. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $3M.

When did Mustang Bio, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 5, 2026. It covers the period to June 30, 2026.

When is Mustang Bio, Inc.'s next earnings report?

Mustang Bio, Inc.'s next report was expected around November 6, 2026 and is not on file with the SEC yet.

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Where the numbers come from

Financial figures are the values Mustang Bio, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.