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Financial statements

Entrada Therapeutics, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Entrada 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

FY2021FY2021FY2022FY2023FY2024FY2025
Revenue12921125.4
Research and development21.135.966.699.9125142
General and administrative5.5715.230.632.338.541.1
Operating expenses26.751.197.2132164183
Operating income-26.7-51.1-97.2-3.1647-158
Other non-operating income0.14-0.032.6315.219.515.1
Income tax00018.70.860.92
Net income-26.5-51.2-94.6-6.6965.6-144
EBITDA-26.3-50-95.4-0.3250.8-154
EPS, basic-24.00-8.16-3.02-0.201.76-3.47
EPS, diluted-24.00-8.16-3.02-0.201.68-3.47
Shares, basic (weighted)1.116.2731.333.137.341.4
Shares, diluted (weighted)1.116.2731.333.13941.4

Balance sheet

FY2021FY2021FY2022FY2023FY2024FY2025
Cash and equivalents3929145.267.610190.4
Short-term investments0
Other current assets0.97.6421.211.916.48.72
Total current assets39.9299210370440306
Property, plant and equipment3.046.267.6811.210.97.31
Lease right-of-use assets025.381.571.160.5
Other non-current assets0.540.875.212.790.280.07
Total assets43.5306252469526377
Accounts payable1.60.715.993.284.262.29
Accrued liabilities1.766.017.5811.313.317.7
Deferred revenue013213.70.34
Total current liabilities3.366.722215939.524.5
Lease liabilities017.560.351.646.8
Total liabilities3.367.1239.522797.671.2
Paid-in capital1.02392403437558579
Retained earnings-42.5-93.7-188-195-129-273
Other comprehensive income0-2.060.2-0.040.65
Shareholders' equity-41.5299213242429306
Total equity-41.5299213242429306
Total liabilities and equity43.5306252469526377
Shares outstanding1.2431.231.433.437.638.3

Cash flow statement

FY2021FY2021FY2022FY2023FY2024FY2025
Net income-26.5-51.2-94.6-6.6965.6-144
Depreciation and amortization0.331.121.92.843.774.1
Stock-based compensation0.332.539.913.117.919.6
Deferred income tax0000
Cash from operations-25.6-50.9-93.8140-41.6-129
Capital expenditures-2.32-4.58-2.89-5.61-3.16-1.04
Purchases of investments0-222-407-438-142
Sales and maturities of investments076.2274413259
Cash from investing-2.32-4.58-149-138-27.8117
Stock issued0.210.410.280.442.780.43
Cash from financing50.13070.48211030.89
Net change in cash22.2252-24222.433.6-10.8
Free cash flow-27.9-55.4-96.7134-44.7-130
Income taxes paid014.74.621.7

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 $6.16 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-3,767.0%Operating income / revenue.
EBITDA margin-3,688.0%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-3,538.0%Net income / revenue.
FCF margin-2,867.0%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-2,874.0%Cash from operations / revenue.
Return on equity (ROE)-71.0%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-55.5%Net income / average total assets.
Return on invested capital (ROIC)-104.0%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 / revenue3,003.0%Research and development expense / revenue.
Stock-based pay / revenue413.3%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue6.9%Capital expenditures / revenue.
D&A / revenue78.8%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-87.9%Revenue vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y-435.9%Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y-402.9%EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y-319.0%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-306.5%EPS vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-28.6%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y12.9%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-28.3%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y14.4%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y54.0%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y6.1%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y9.8%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y106.4%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio10.9xCurrent assets / current liabilities.
Quick ratio4.65x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio4.65x(Cash + short-term investments) / current liabilities.
Liabilities / assets21.9%Total liabilities / total assets.
Working capital$211.3MCurrent assets - current liabilities.
Tangible book value$233.4MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.02xRevenue / average total assets.
Fixed asset turnover0.82xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-$3.93Net 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$0.11Revenue / diluted weighted shares.
FCF per share-$3.18Free cash flow / diluted weighted shares.
Operating cash flow per share-$3.19Cash from operations / diluted weighted shares.
Book value per share$5.99Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$5.99Tangible book value / shares outstanding.
Cash per share$2.55(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$239.8MShare price x shares outstanding.
Enterprise value$140.6MMarket cap + total debt - cash - short-term investments.
P/S51.2xMarket cap / revenue.
P/B1.03xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.03xMarket cap / tangible book value, when positive.
EV/Sales30.0xEnterprise value / revenue.
FCF yield-56.0%Free cash flow / market cap.
Earnings yield-69.1%Net income / market cap (the inverse of P/E).
What was Entrada Therapeutics, Inc.'s revenue in fiscal 2025?

Entrada Therapeutics, Inc. reported revenue of $25.4M for fiscal 2025, 87.9% lower than the year before.

Was Entrada Therapeutics, Inc. profitable in fiscal 2025?

No. It reported a net loss of $143.8M.

How much free cash flow did Entrada Therapeutics, Inc. generate in fiscal 2025?

Cash from operations of $128.5M minus capital expenditures of $1.0M left free cash flow of -$129.6M.

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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