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Transcode Therapeutics, Inc. (RNAZ)

It posted a net loss of $42.8M. In fiscal 2025 capital spending exceeded operating cash flow by $19.5M. At June 30, 2026 it held $8.4M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 14, 2026.

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Price
$1.54
+3.36% on the day · November 9, 2026
52-week range $1.45 to $12.60
Market cap
$26.1M

Key facts about Transcode Therapeutics, Inc.

Net worth
Transcode Therapeutics, Inc. has a market value (market cap) of $26.1M at the latest share price, and shareholders' equity of -$27.7M 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 $19.5M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 14, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
Next earnings report
Transcode Therapeutics, Inc.'s next report is expected around November 13, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

What Transcode Therapeutics, Inc. does

Transcode Therapeutics, Inc. is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NASDAQ under the ticker RNAZ.

Revenue and profit by year

Net income
FY21: -$2.3M -$2.3M FY21FY21: -$6.8M -$6.8M FY21FY22: -$17.6M -$17.6M FY22FY23: -$18.5M -$18.5M FY23FY24: -$16.8M -$16.8M FY24FY25: -$34.7M -$34.7M FY25

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

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025n/a-$28M-$34.7M-$52.59-$19.5M
2024n/a-$15.7M-$16.8M-$1,336.63-$13.4M
2023n/a-$19.4M-$18.5M-$96,944.24-$18.1M
2022n/a-$18.6M-$17.6M-$1,013,128.56-$15.9M
2021n/a-$6.2M-$6.8M-$607,877.14-$5.5M
2021n/a-$726.6K-$2.3M-$382,737.46n/a

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around November 13, 2026.

Estimated from its filing rhythm: about 91 days after its last report of August 14, 2026, its usual gap. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Latest SEC filings

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

  1. October 1, 2026
    Material agreement8-KTransCode Therapeutics made an $840,975 prepayment to Yorkville to obtain a waiver for an amortization event under its convertible notes.
  2. September 28, 2026
  3. September 11, 2026
  4. August 14, 2026
    Quarterly report 10-Q · period to June 30, 2026Diluted EPS -$7.17 versus -$5.13.
  5. August 3, 2026
  6. August 3, 2026
  7. July 28, 2026
  8. July 28, 2026
  9. July 28, 2026
  10. July 27, 2026

Recent insider filings (Forms 3, 4 and 144): 6, the latest on September 21, 2026. Insider transactions on SEC

Insider trades

What the people running Transcode Therapeutics, 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
August 3, 2026 Defj, LLC10% owner Exercised options 11,813,859 - - Form 4
August 3, 2026 Defj, LLC10% owner Exercised options 2,020,582 - - Form 4

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

Who owns RNAZ

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.

HolderOf classSharesFiled
Defj, LLC13D, may seek influence with 1 related filers 83.9% 14,134,481 August 3, 2026
Unleash Immuno Oncolytics, Inc.13G, passive 9.94% 300,000 July 28, 2026
YA II PN, Ltd.13G, passive with 7 related filers 9.9% 101,772 April 20, 2026
Elena Rosa Braci13G, passive 6.17% 186,236 July 28, 2026
Thomas A. Fitzgerald13D, may seek influence 5.5% 422,036 June 21, 2024
Daniel Eduardo Katzman13G, passive 5.16% 155,611 July 28, 2026
Thomas Joseph Tracy13D, may seek influence 5% 35,000 March 20, 2025

Latest filings below 5%: Sabby Management, LLC 4.9% (January 7, 2026); Anson Funds Management LP 0.1% (August 14, 2025).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 8 managers reported a position.

HolderSharesValueChange on quarter
Yorkville Advisors Global, LP19,639$122Knew
Vanguard Capital Management LLC6,545$40.6K0
Vanguard Fiduciary Trust Co2,982$18.5K0
UBS Group AG2,888$17.9K-5,407
Fmr LLC706$4.4Knew
Tower Research Capital LLC (TRC)677$4.2K+449
Wells Fargo & Company55$3420
SBI Securities Co., Ltd.12$750

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.

1 insiders reported holding 14,134,481 shares in total, about $21.8M at the last price.

HolderSharesAs of
Defj, LLC10% owner 14,134,481 August 3, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about RNAZ

What does Transcode Therapeutics, Inc. do?

Transcode Therapeutics, Inc. is a company in the Health care sector, listed on NASDAQ as RNAZ. Its shares trade on NASDAQ under the ticker RNAZ.

What is Transcode Therapeutics, Inc.'s net worth?

Transcode Therapeutics, Inc. has a market value (market cap) of $26.1M at the latest share price, and shareholders' equity of -$27.7M 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 Transcode Therapeutics, Inc. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $42.8M.

When did Transcode Therapeutics, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 14, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the material agreement from October 1, 2026.

When is Transcode Therapeutics, Inc.'s next earnings report?

Transcode Therapeutics, Inc.'s next report is expected around November 13, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Transcode Therapeutics, 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.