Nasdaq
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We are a clinical-stage biopharmaceutical company focused on the discovery and development of novel precision peptide therapies for the treatment of endocrine and metabolic disorders. We were founded as MBX Biosciences LLC, an Indiana limited liability company, in August 2018. We converted to a Delaware corporation in April 2019 and incorporated under the name MBX Biosciences, Inc. Our principal executive offices are located at 11711 N. Meridian Street, Suite 300, Carmel, Indiana.
Roles derived from SEC Form 4 filings.
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
| Line item | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | — | — | — |
| Gross profit | — | — | — |
| Operating income | -$35.3M | -$68.2M | -$98.1M |
| Net income | -$32.6M | -$61.9M | -$87.0M |
| Diluted EPS | -$31.96 | -$5.82 | -$2.38 |
| Operating cash flow | -$32.0M | -$54.7M | -$79.9M |
| Free cash flow | -$32.1M | -$55.6M | -$81.9M |
| Gross margin | — | — | — |
| Operating margin | — | — | — |
| Net margin | — | — | — |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | -$16.7M | -$19.6M | -$18.6M | -$26.5M | -$21.8M | -$23.9M | -$25.8M | -$27.3M |
| Net income | -$15.9M | -$18.1M | -$15.6M | -$23.9M | -$19.4M | -$21.6M | -$22.1M | -$23.5M |
| Diluted EPS | -$12.62 | -$2.78 | $19.84 | -$0.71 | -$0.58 | -$0.63 | -$0.46 | -$0.50 |
| Operating cash flow | -$13.3M | -$14.7M | -$16.0M | -$22.7M | -$17.4M | -$21.5M | -$18.3M | -$20.2M |
| Free cash flow | -$13.7M | -$14.7M | -$16.1M | -$22.7M | -$18.1M | -$21.9M | -$19.1M | -$20.6M |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | — | — | — | — | — | — | — | — |
Consensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-05-08 | Azoulay Salomon· Chief Medical Officer | Sale | 55,000 | $38.38 | $2.1M | filing |
| 2026-05-08 | Azoulay Salomon· Chief Medical Officer | Option exercise | 55,000 | $10.46 | $575,300.00 | filing |
| 2026-05-08 | Azoulay Salomon· Chief Medical Officer | Sale | 15,003 | $38.30 | $574,614.90 | filing |
| 2026-05-08 | Azoulay Salomon· Chief Medical Officer | Option exercise | 15,003 | $16.00 | $240,048.00 | filing |
| 2026-05-06 | Hawryluk P. Kent· President & CEO | Sale | 607 | $29.54 | $17,930.78 | filing |
| 2026-05-06 | Azoulay Salomon· Chief Medical Officer | Sale | 231 | $29.54 | $6,823.74 | filing |
| 2026-05-01 | Hoerter Steven L. | Award | 11,938 | $0.00 | $0.00 | filing |
| 2026-03-13 | Hawryluk P. Kent· President & CEO | Buy | 18,500 | $28.41 | $525,662.70 | filing |
| 2026-02-26 | Hawryluk P. Kent· President & CEO | Option exercise | 28,768 | $16.00 | $460,288.00 | filing |
| 2026-02-02 | Azoulay Salomon· Chief Medical Officer | Award | 15,000 | $0.00 | $0.00 | filing |
| 2026-02-02 | Bartram Richard· Chief Financial Officer | Award | 15,000 | $0.00 | $0.00 | filing |
| 2026-02-02 | Hawryluk P. Kent· President & CEO | Award | 35,250 | $0.00 | $0.00 | filing |
| 2025-10-24 | Hawryluk P. Kent· President & CEO | Option exercise | 182,859 | $3.25 | $594,291.75 | filing |
| 2025-10-20 | Hawryluk P. Kent· President & CEO | Buy | 20,000 | $13.64 | $272,790.00 | filing |
| 2025-10-17 | Hoerter Steven L. | Buy | 20,000 | $13.25 | $264,984.00 | filing |
| 2025-09-26 | Heron Patrick J | Buy | 666,666 | $18.00 | $12.0M | filing |
Latest 16 transactions.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.