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Financial statements

Taysha Gene Therapies, Inc. financial statements

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

FY2020FY2021FY2022FY2023FY2024FY2025
Revenue2.515.58.339.77
Research and development31.913291.256.86686.4
General and administrative11.141.337.4302933.9
Operating expenses4317316587.999.8120
Operating income-43-173-162-72.4-91.5-110
Interest expense0.031.433.850.10.06
Interest income3.576.949.22
Other non-operating income-17-1.26-3.57-39.12.161.5
Income tax00000
Net income-60-175-166-112-89.3-109
EBITDA-43-173-161-71.1-90.2-109
EPS, basic-3.40-4.64-3.78-0.96-0.36-0.34
EPS, diluted-3.40-4.64-3.78-0.96-0.36-0.34
Shares, basic (weighted)17.737.744116250320
Shares, diluted (weighted)17.737.744116250320

Balance sheet

FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents25114987.9144139320
Other current assets0.330.860.470.290.310.8
Total current assets25816096.4150142325
Property, plant and equipment0.2950.61510.87.496.74
Lease right-of-use assets10.99.588.389.44
Other non-current assets1.111.320.30.220.18
Total assets259214126173160343
Accounts payable1.9921.810.96.373.596.28
Accrued liabilities1.777.72.523.425.249.43
Deferred revenue33.618.19.77
Total current liabilities7.1351.762.836.826.226.6
Long-term debt37.23840.543.950.1
Lease liabilities20.41917.418.2
Other non-current liabilities0.453.744.131.581.311.55
Total liabilities7.5811912597.888.896.4
Total debt37.23840.543.950.1
Paid-in capital312331402588678958
Retained earnings-61.1-236-401-513-602-711
Other comprehensive income-4.03-0.19
Shareholders' equity25195.40.9574.971.5247
Total equity25195.40.9574.971.5247
Total liabilities and equity259214126173160343
Shares outstanding37.838.563.2187205285

Cash flow statement

FY2020FY2021FY2022FY2023FY2024FY2025
Net income-60-175-166-112-89.3-109
Depreciation and amortization0.010.491.171.371.251.15
Stock-based compensation3.3518.2187.9113.113.3
Change in payables1.9614.5-7.8-2.3-2.92-0.15
Cash from operations-30.7-117-88.4-73-81.2-93.1
Capital expenditures-0.08-15.3-20.6-3.87-0.37-0.74
Cash from investing-9.08-21.6-24.9-7.35-0.36-0.6
Stock issued0.51.22
Cash from financing29139.152.113676.7275
Net change in cash251-99.5-61.256-4.9181
Free cash flow-30.8-132-109-76.9-81.6-93.8
Interest paid0.030.642.784.955.285.4

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 $4.67 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-2,792.0%Operating income / revenue.
EBITDA margin-2,771.0%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-2,728.0%Net income / revenue.
FCF margin-2,417.0%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-2,410.0%Cash from operations / revenue.
Return on equity (ROE)-38.6%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-31.8%Net income / average total assets.
R&D / revenue2,245.0%Research and development expense / revenue.
Stock-based pay / revenue331.3%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue6.9%Capital expenditures / revenue.
D&A / revenue21.8%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y17.3%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y57.5%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y245.2%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y538.4%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-0.3%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y114.1%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y39.6%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y5.8%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y27.8%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y93.8%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, 5y78.5%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 ratio17.8xCurrent assets / current liabilities.
Quick ratio17.5x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio17.5x(Cash + short-term investments) / current liabilities.
Debt / equity0.13xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets10.5%Total debt / total assets.
Liabilities / assets17.7%Total liabilities / total assets.
Net debt-$406.1MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-3,647xOperating income / interest expense.
Working capital$435.5MCurrent assets - current liabilities.
Tangible book value$387.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.01xRevenue / average total assets.
Fixed asset turnover2.27xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.41Net 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$0.01Revenue / diluted weighted shares.
FCF per share-$0.36Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.36Cash from operations / diluted weighted shares.
Book value per share$1.19Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$1.19Tangible book value / shares outstanding.
Cash per share$1.40(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$1.52BShare price x shares outstanding.
Enterprise value$1.12BMarket cap + total debt - cash - short-term investments.
P/S277xMarket cap / revenue.
P/B3.93xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book3.93xMarket cap / tangible book value, when positive.
EV/Sales203xEnterprise value / revenue.
FCF yield-8.7%Free cash flow / market cap.
Earnings yield-9.8%Net income / market cap (the inverse of P/E).
What was Taysha Gene Therapies, Inc.'s revenue in fiscal 2025?

Taysha Gene Therapies, Inc. reported revenue of $9.8M for fiscal 2025, 17.3% higher than the year before.

Was Taysha Gene Therapies, Inc. profitable in fiscal 2025?

No. It reported a net loss of $109.0M.

How much free cash flow did Taysha Gene Therapies, Inc. generate in fiscal 2025?

Cash from operations of $93.1M minus capital expenditures of $738.0K left free cash flow of -$93.8M.

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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