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Financial statements

NewAmsterdam Pharma Co N.V. financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data NewAmsterdam Pharma Co N.V. 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

FY2021FY2023FY2023FY2024FY2025
Revenue10314.145.622.5
Research and development2986.7159151142
Selling, general and administrative619.537.670.4106
General and administrative13.616.314.415.4
Operating expenses35106197222248
Operating income-35-3.56-183-176-226
Interest expense0.410.29
Interest income11.316.927.6
Pre-tax income-41.8-22.6-177-242-204
Income tax0.03-0
Net income-41.8-22.6-177-242-204
EBITDA-35-3.55-183-176-225
EPS, basic-3.81-1.19-2.15-2.56-1.72
EPS, diluted-3.81-1.19-2.15-2.56-1.72
Shares, basic (weighted)111982.294.4118
Shares, diluted (weighted)111982.294.4118

Balance sheet

FY2021FY2023FY2023FY2024FY2025
Cash and equivalents468340772490
Short-term investments62.4146
Other current assets10.36.3424.338.1
Total current assets478347863676
Property, plant and equipment0.030.050.240.38
Lease right-of-use assets0.120.060.430.19
Long-term investments92.6
Total assets478347865769
Accounts payable11.916.94.748.97
Deferred revenue13.98.946.013.99
Total current liabilities36.149.910785.8
Lease liabilities0.060.20.07
Total liabilities48.458.710785.9
Paid-in capital5565911,2981,427
Retained earnings-140-317-559-762
Other comprehensive income4.424.424.474.79
Shareholders' equity-114430288758683
Total equity-114430288758683
Total liabilities and equity478347865769
Shares outstanding81.682.5108114

Cash flow statement

FY2021FY2023FY2023FY2024FY2025
Net income-41.8-22.6-177-242-204
Depreciation and amortization0.010.010.050.110.22
Stock-based compensation1.244.1224.633.659.4
Change in payables6.564.815.07-12.94.91
Cash from operations-29.510.7-141-159-148
Capital expenditures-0.02-0.22-0.02-0.67-0.25
Purchases of investments-62.2-297
Sales and maturities of investments122
Cash from investing-0.02-0.22-0.02-62.8-175
Stock issued0.291.7729.5
Cash from financing84.73928.9166029.5
Net change in cash55.2402-132438-293
Free cash flow-29.510.4-141-159-148
Interest paid0.28
Income taxes paid0.030

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 $22.58 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-3,432.0%Operating income / revenue.
EBITDA margin-3,427.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-3,644.0%Pre-tax income / revenue.
Net margin-3,644.0%Net income / revenue.
FCF margin-2,018.0%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-2,015.0%Cash from operations / revenue.
Return on equity (ROE)-41.1%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-36.8%Net income / average total assets.
Return on invested capital (ROIC)-93.2%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%.
R&D / revenue2,096.0%Research and development expense / revenue.
SG&A / revenue1,436.0%Selling, general and administrative expense / revenue.
Stock-based pay / revenue918.6%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue3.7%Capital expenditures / revenue.
D&A / revenue4.7%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-50.6%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-39.7%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y-9.8%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y16.7%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y-11.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y17.1%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y25.5%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y84.1%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio9.03xCurrent assets / current liabilities.
Quick ratio8.69x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio8.69x(Cash + short-term investments) / current liabilities.
Liabilities / assets10.4%Total liabilities / total assets.
Working capital$586.2MCurrent assets - current liabilities.
Tangible book value$631.4MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.01xRevenue / average total assets.
Fixed asset turnover17.3xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-$2.10Net 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.
Revenue per share$0.06Revenue / diluted weighted shares.
FCF per share-$1.16Free cash flow / diluted weighted shares.
Operating cash flow per share-$1.16Cash from operations / diluted weighted shares.
Book value per share$5.37Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$5.37Tangible book value / shares outstanding.
Cash per share$5.39(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$2.70BShare price x shares outstanding.
Enterprise value$2.07BMarket cap + total debt - cash - short-term investments.
P/S379xMarket cap / revenue.
P/B4.27xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book4.27xMarket cap / tangible book value, when positive.
EV/Sales290xEnterprise value / revenue.
FCF yield-5.3%Free cash flow / market cap.
Earnings yield-9.6%Net income / market cap (the inverse of P/E).
What was NewAmsterdam Pharma Co N.V.'s revenue in fiscal 2025?

NewAmsterdam Pharma Co N.V. reported revenue of $22.5M for fiscal 2025, 50.6% lower than the year before.

Was NewAmsterdam Pharma Co N.V. profitable in fiscal 2025?

No. It reported a net loss of $203.8M.

How much free cash flow did NewAmsterdam Pharma Co N.V. generate in fiscal 2025?

Cash from operations of $147.8M minus capital expenditures of $246.0K left free cash flow of -$148.0M.

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.

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