Humacyte, Inc. logo HUMA - Humacyte, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 10
HOLD 1
SELL 0
STRONG
SELL
0
| PRICE TARGET: $3.00 DETAILS
HIGH: $3.00
LOW: $3.00
MEDIAN: $3.00
CONSENSUS: $3.00
UPSIDE: 170.27%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 0.5 0.5 0.8 0.3 0.5 7.2 0 0 0 0 0 0 0 0 0.0 1.3 0.2 0.2 0.2 0.7 0.2 0.1 0.9 0.2 0.3
Cost of Revenue 2.0 10.9 2.1 2.1 2.0 3.6 1.8 1.8 1.8 3.4 1.3 20.5 0 15.0 2.0 14.7 2.1 16.2 15.4 14.6 1.6 13.2 14.7 11.8 14.4
Gross Profit (1.5) (10.4) (1.4) (1.8) (1.5) 3.6 (1.8) (1.8) (1.8) (3.4) (1.3) (20.5) 0 (15.0) (2.0) (13.4) (1.8) (16.1) (15.1) (13.9) (1.4) (13.1) (13.8) (11.6) (14.1)
Operating Expenses
R&D Expenses 19.5 14.6 17.3 22.0 15.4 20.7 22.9 23.8 21.3 20.2 18.6 20.5 17.3 15.0 17.3 14.7 16.3 16.2 15.4 14.6 15.1 13.2 14.7 11.8 14.4
SG&A Expenses 7.9 5.8 5.7 7.8 8.1 11.0 7.3 3.9 3.5 2.6 6.1 3.1 5.2 5.8 4.1 5.2 3.6 5.6 5.4 5.4 3.2 2.6 3.4 2.7 3.3
Other Expenses 0 0 0 (1.9) (1.8) 0 (1.8) 0 0 0 (1.3) (17.4) 0 (15.0) 0 (14.7) 0 (16.2) (15.4) (14.6) 0 (13.2) (14.7) (11.8) (14.4)
Operating Expenses 27.4 20.4 23.0 28.0 21.7 31.7 28.4 27.7 24.8 22.8 23.3 6.2 22.5 5.8 21.5 5.2 19.9 5.6 5.4 5.4 18.4 2.6 3.4 2.7 3.3
Operating Income
Operating Income (28.9) (30.8) (24.4) (29.7) (23.2) (28.1) (30.2) (29.5) (26.6) (26.2) (24.6) (26.7) (22.5) (20.8) (23.5) (18.5) (21.8) (21.6) (20.5) (19.3) (19.8) (15.7) (17.2) (14.3) (17.4)
Interest Expense 2.3 3.1 2.6 2.5 3 2.5 2.4 2.5 1.8 1.7 1.5 1.7 1.7 1.6 1.6 1.5 1.4 1.4 1.2 1.2 0.5 0.5 0.5 0 0
Interest Income 0.3 0.5 0.6 0.8 0.7 0.9 0.9 1.3 1.0 1.1 1.4 1.5 1.5 1.4 0.9 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.3
Profitability
EBITDA (27.1) (29.0) (22.5) (33.3) 44.0 (16.6) (35.0) (52.3) (28.3) (20.0) (23.2) (21.6) (33.2) (18.7) (21.6) (16.5) (16.3) (19.6) (18.5) (17.2) (18.2) (13.6) (15.1) (12.3) (15.3)
EBIT (28.9) (30.8) (24.4) (35.1) 42.1 (18.4) (36.8) (54.1) (30.1) (23.4) (24.5) (23.6) (35.3) (20.8) (23.6) (18.5) (18.4) (21.6) (20.5) (19.3) (19.8) (15.7) (17.2) (14.3) (17.4)
Income Before Tax (17.6) (24.8) (17.5) (37.7) 39.1 (20.9) (39.2) (56.7) (31.9) (25.1) (26.0) (22.7) (37.0) (3.7) (25.3) 36.9 (19.8) 42.6 (31.6) (17.2) (20.3) (16.2) (17.8) (14.9) (17.7)
Income Tax Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Income (17.6) (24.8) (17.5) (37.7) 39.1 (20.9) (39.2) (56.7) (31.9) (25.1) (26.0) (22.7) (37.0) (3.7) (25.3) 36.9 (19.8) 42.6 (31.6) (17.2) (20.3) (16.2) (17.8) (14.9) (17.7)
Per Share Data
EPS (Basic) -0.09 -0.15 -0.11 -0.24 0.28 -0.16 -0.33 -0.48 -0.29 -0.24 -0.25 -0.22 -0.60 0.13 -0.25 0.36 -0.16 0.41 -0.72 -0.17 -0.20 -5.61 -1.43 -0.68 -0.81
EPS (Diluted) -0.09 -0.15 -0.11 -0.24 0.28 -0.16 -0.33 -0.48 -0.29 -0.24 -0.25 -0.22 -0.60 0.13 -0.25 0.35 -0.16 0.41 -0.72 -0.17 -0.20 -5.61 -1.43 -0.68 -0.81
Shares Outstanding 197.8 158.2 158.3 155.4 131.5 118.5 119.4 119.2 108.2 103.6 103.4 103.4 103.3 103.2 103.0 103.0 103.0 103.0 44.0 103.0 103.0 2.9 12.4 22.0 21.7
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4
Current Assets
Cash & Cash Equivalents 48.5 50.5 19.5 38.0 62.8 44.9 20.6 93.6 115.5 80.4 100.0 114.6 129.6 149.8 163.7 181.0 198.2 217.5 240.4 29.0 44.6 39.9 1.3 0 93.7 93.7
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 2.1 2.1 8 8 8 8 0 0 0 0 0 0 0 0
Net Receivables 0.4 0.4 1.1 0.4 0.5 0 0 0 0 0 0 0 0 0.0 0.0 1.3 0.2 0.2 0.2 0.7 0.2 0.1 0 0 0 0.6
Inventory 9.9 13.6 18.4 11.1 8.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 4.7 3.3 2.4 0.1 2.4 2.9 2.4 2.5 2.4 2.8 2.9 6.0 2.2 2.3 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 63.6 67.8 41.4 51.7 73.7 47.9 23.0 96.1 117.9 83.3 102.9 120.6 133.9 154.2 174.6 193.0 209.3 229.3 244.2 31.1 46.2 41.4 1.3 0 93.7 95.0
Non-Current Assets
Property, Plant & Equipment 46.1 47.7 49.3 35.6 37.4 38.6 40.3 41.4 42.7 44.9 45.7 47.5 49.1 50.1 51.6 53.3 55.2 57.2 59.2 61.2 63.2 65.2 0 0 0 73.7
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100.0 0 0 0
Other Non-Current Assets 0.9 0.7 0.9 51.4 51.4 51.5 51.5 0.8 0.8 0 0.9 0 0 0 0 0 0 0 0 3.2 2.4 0 0 0.1 (93.7) 0
Total Non-Current Assets 47.0 48.6 50.2 87.1 88.8 90.0 91.8 42.2 43.5 44.9 46.5 47.5 49.1 50.1 51.6 53.3 55.2 57.2 59.2 64.4 65.6 65.2 100.0 0.1 (93.7) 73.7
Total Assets 110.6 116.4 91.5 138.8 162.6 137.9 114.8 138.3 161.5 128.2 149.4 168.1 183.0 204.3 226.2 246.4 264.5 286.5 303.4 95.6 111.8 106.7 101.3 0.1 0 168.7
Current Liabilities
Account Payables 5.1 5.4 9.6 6.6 5.6 4.5 6.9 6.0 3.5 6.5 3.0 2.4 2.0 1.6 3.3 2.5 3.0 2.1 5.8 3.0 2.9 2.3 0 0 0 3.3
Short-Term Debt 2.4 2.4 0 2.1 0 0 0 0 0 0 0 0 12.9 8.6 4.3 0 0 0 3.9 2.2 3.0 2.5 0.1 0.0 0 1.5
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 8.7 10.5 9.3 0.1 5.7 7.4 6.3 4.0 3.4 5.2 5.3 3.7 2.8 4.2 5.2 3.8 3.0 4.1 4.2 0.1 0.1 1.2 0.0 0.0 0 (1.5)
Total Current Liabilities 16.2 18.4 25.6 21.1 20.0 20.0 20.9 17.8 14.1 18.4 15.1 11.4 23.6 19.6 17.9 11.1 10.8 11.1 21.2 16.0 15.3 11.2 0.1 0.1 0 10.8
Non-Current Liabilities
Long-Term Debt 63.5 35.4 0 66.7 0 0 0 0 0 38.6 37.3 36.2 16.4 20.3 24.3 28.1 27.7 27.4 14.0 15.4 17.6 0.8 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 19.3 32.5 43.5 34.9 93.6 157.0 143.2 133.7 105.4 41.3 43.0 41.7 42.2 28.6 45.3 44.2 100.8 104.2 169.9 0.1 0.1 0.1 1.8 0 (132.2) 0
Total Non-Current Liabilities 82.7 94.9 70.7 113.7 106.5 170.6 157.5 148.8 121.2 96.2 97.3 95.6 77.5 67.8 89.6 93.0 149.8 153.3 206.3 38.4 41.0 24.8 1.8 0 (132.2) 25.6
Total Liabilities 98.9 113.3 96.3 134.7 126.5 190.5 178.5 166.6 135.3 114.7 112.4 107.0 101.1 87.4 107.5 104.1 160.6 164.4 227.5 54.3 56.3 36.0 2.0 0.1 (132.2) 36.5
Stockholders' Equity
Common Stock 10.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 94.4 0.0 0 0.0
Retained Earnings (744.5) (726.8) (702.0) (684.5) (646.9) (686.0) (665.1) (625.9) (569.2) (537.3) (512.2) (486.2) (463.5) (426.5) (422.8) (397.5) (434.4) (414.6) (457.2) (425.6) (408.4) (388.1) (0.0) (0.0) 0 (321.6)
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (288.8) 0
Total Stockholders' Equity 11.6 3.1 (4.8) 4.1 36.0 (52.7) (63.7) (28.3) 26.2 13.5 37.0 61.1 81.9 116.9 118.7 142.3 103.9 122.2 75.9 41.2 55.5 70.7 99.4 (0.0) 132.2 132.2
Total Liabilities & Equity 110.6 116.4 91.5 138.8 162.6 137.9 114.8 138.3 161.5 128.2 149.4 168.1 183.0 204.3 226.2 246.4 264.5 286.5 303.4 95.6 111.8 106.7 101.3 0.1 0 168.7
Debt Metrics
Total Debt 65.9 64.8 29.8 84.0 15.8 16.5 17.3 17.9 18.6 57.5 56.8 56.3 50.5 50.1 50.9 51.0 51.1 51.2 42.2 42.3 45.8 28.9 0.1 0.0 0 28.7
Net Debt 17.4 14.3 10.3 45.9 (47.0) (28.4) (3.3) (75.6) (96.9) (22.9) (43.2) (58.3) (79.1) (99.7) (112.8) (130.1) (147.1) (166.3) (198.2) 13.4 1.1 (11.1) (1.2) 0.0 (93.7) (65.0)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income (17.6) (24.8) (17.5) (37.7) 39.1 (20.9) (39.2) (56.7) (31.9) (25.1) (26.0) (22.7) (37.0) (3.7) (25.3) 36.9 (19.8) 42.6 (31.6) (17.2) (20.3) (16.2) (17.8) (14.9) (17.7)
Depreciation & Amortization 0 1.3 1.9 1.9 1.8 (0.3) 1.8 1.8 1.8 3.4 1.8 2.0 2.1 2.1 2.0 2.0 2.0 2.1 1.5 1.6 1.6 2.1 2.1 2.1 2.1
Stock-Based Compensation 0 2.5 2.5 2.3 2.5 1.7 1.6 1.4 1.5 1.4 1.8 0 1.8 1.7 0 1.5 1.5 0 0 0 0 1.2 1.2 1.1 1.2
Change in Working Capital (1.3) (8.3) (4.1) (1.4) (9.6) (2.8) 3.4 4.1 (4.7) 3.1 7.1 (3.5) (0.2) (2.1) 3.5 (0.8) 0.4 (1.6) 0.9 0.5 1.1 (2.3) 0.2 (0.1) (0.7)
Other Non-Cash Items (6.2) 3.2 (6.6) 8.4 (62.5) (4.2) 9.5 28.1 6.0 2.8 2.2 1.6 14.6 (16.9) 2.9 (56.2) (2.9) (64.5) (29.9) 0.4 3.1 0.0 1.5 0.1 (0.9)
Operating Cash Flow (25.1) (26.1) (23.9) (26.4) (28.6) (26.6) (22.9) (21.3) (27.3) (19.1) (13.0) (22.6) (18.6) (19.0) (16.8) (16.6) (18.8) (21.4) (59.1) (14.7) (14.5) (15.2) (12.8) (11.6) (16.0)
Investing Activities
Capital Expenditure (0.2) (0.0) (0.0) (0.6) (0.2) (0.1) (0.9) (0.2) (0.4) (0.1) (0.5) (0.5) (1.2) (0.7) (0.2) (0.1) (0.0) (0.0) (0.2) (0.1) (0.0) (0.0) (0.0) (0.1) (0.2)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.1) (8) 0 0 (8) 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 2.1 0 8 8 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0.0
Investing Cash Flow (0.2) (0.0) (0.0) (0.6) (0.2) (0.1) (0.9) (0.2) (0.4) (0.1) (0.5) 1.6 (1.2) 5.2 (0.2) (0.1) (0.0) (8.0) (0.2) (0.1) (0.0) (0.0) (0.0) (0.1) (0.2)
Financing Activities
Net Debt Issuance 0 38.5 (0.7) (0.7) (0.7) 1.7 (0.7) (0.4) (0.6) (0.6) (0.6) (32.0) (0.5) (0.5) (0.5) (0.5) (0.5) 8.3 19.8 (0.4) 19.3 (0.4) (0.4) (0.4) (0.3)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 (38.0) (53.6) (0.3) 0.4 47.8 0.5 (0.8) 20.0 0 (0.3) 37.9 0.1 0.3 0 0.0 0.0 (1.7) 240.2 (0.5) (0.2) 0.1 0.0 3.3 0.2
Financing Cash Flow 23.3 57.2 (44.6) 2.2 46.7 51.0 0.8 (0.5) 62.8 (0.3) (0.8) 6.0 (0.4) (0.2) (0.3) (0.5) (0.5) 6.5 260.5 (0.9) 19.3 (0.3) (0.4) 2.9 (0.2)
Cash Position
Net Change in Cash (2.0) 31.0 (68.5) (25.0) 17.9 24.4 (23.0) (21.9) 34.9 (19.5) (14.3) (15.0) (20.2) (14.0) (17.3) (17.2) (19.3) (22.9) 240.1 (0.1) (39.4) (15.5) (13.2) (8.7) (16.3)
Cash at Beginning 50.6 19.8 88.4 63.0 95.3 70.9 93.9 115.5 80.6 100.1 114.6 129.6 149.8 163.7 181.0 198.2 217.5 240.4 0.4 0.5 39.9 55.5 68.6 77.4 93.7
Cash at End 48.5 50.9 19.8 38.0 113.2 95.3 70.9 93.6 115.5 80.6 100.3 114.6 129.6 149.8 163.7 181.0 198.2 217.5 240.4 0.4 0.5 39.9 55.5 68.6 77.4
Free Cash Flow (25.3) (26.2) (24.0) (27.0) (28.8) (26.6) (23.8) (21.5) (27.7) (19.2) (13.5) (23.1) (19.8) (19.6) (17.0) (16.7) (18.8) (21.5) (59.3) (14.7) (14.6) (15.2) (12.8) (11.7) (16.2)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 0.5 0.5 0.8 0.3 0.5 7.2 0 0 0 0 0 0 0 0 0.0 1.3 0.2 0.2 0.2 0.7 0.2 0.1 0.9 0.2 0.3
Gross Profit (1.5) (10.4) (1.4) (1.8) (1.5) 3.6 (1.8) (1.8) (1.8) (3.4) (1.3) (20.5) 0 (15.0) (2.0) (13.4) (1.8) (16.1) (15.1) (13.9) (1.4) (13.1) (13.8) (11.6) (14.1)
Operating Income (28.9) (30.8) (24.4) (29.7) (23.2) (28.1) (30.2) (29.5) (26.6) (26.2) (24.6) (26.7) (22.5) (20.8) (23.5) (18.5) (21.8) (21.6) (20.5) (19.3) (19.8) (15.7) (17.2) (14.3) (17.4)
Net Income (17.6) (24.8) (17.5) (37.7) 39.1 (20.9) (39.2) (56.7) (31.9) (25.1) (26.0) (22.7) (37.0) (3.7) (25.3) 36.9 (19.8) 42.6 (31.6) (17.2) (20.3) (16.2) (17.8) (14.9) (17.7)
EPS (Diluted) -0.09 -0.15 -0.11 -0.24 0.28 -0.16 -0.33 -0.48 -0.29 -0.24 -0.25 -0.22 -0.60 0.13 -0.25 0.35 -0.16 0.41 -0.72 -0.17 -0.20 -5.61 -1.43 -0.68 -0.81
Balance Sheet
Cash & Equivalents 48.5 50.5 19.5 38.0 62.8 44.9 20.6 93.6 115.5 80.4 100.0 114.6 129.6 149.8 163.7 181.0 198.2 217.5 240.4 29.0 44.6 39.9 1.3 0 93.7 93.7
Total Assets 110.6 116.4 91.5 138.8 162.6 137.9 114.8 138.3 161.5 128.2 149.4 168.1 183.0 204.3 226.2 246.4 264.5 286.5 303.4 95.6 111.8 106.7 101.3 0.1 0 168.7
Total Debt 65.9 64.8 29.8 84.0 15.8 16.5 17.3 17.9 18.6 57.5 56.8 56.3 50.5 50.1 50.9 51.0 51.1 51.2 42.2 42.3 45.8 28.9 0.1 0.0 0 28.7
Stockholders' Equity 11.6 3.1 (4.8) 4.1 36.0 (52.7) (63.7) (28.3) 26.2 13.5 37.0 61.1 81.9 116.9 118.7 142.3 103.9 122.2 75.9 41.2 55.5 70.7 99.4 (0.0) 132.2 132.2
Cash Flow
Operating Cash Flow (25.1) (26.1) (23.9) (26.4) (28.6) (26.6) (22.9) (21.3) (27.3) (19.1) (13.0) (22.6) (18.6) (19.0) (16.8) (16.6) (18.8) (21.4) (59.1) (14.7) (14.5) (15.2) (12.8) (11.6) (16.0)
Capital Expenditure (0.2) (0.0) (0.0) (0.6) (0.2) (0.1) (0.9) (0.2) (0.4) (0.1) (0.5) (0.5) (1.2) (0.7) (0.2) (0.1) (0.0) (0.0) (0.2) (0.1) (0.0) (0.0) (0.0) (0.1) (0.2)
Free Cash Flow (25.3) (26.2) (24.0) (27.0) (28.8) (26.6) (23.8) (21.5) (27.7) (19.2) (13.5) (23.1) (19.8) (19.6) (17.0) (16.7) (18.8) (21.5) (59.3) (14.7) (14.6) (15.2) (12.8) (11.7) (16.2)