Filing Flows

Filing Flows › HCW Biologics (HCWB) › Q2 2026 › vs Q2 2025

HCW Biologics (HCWB) Q2 2026 vs Q2 2025 (year over year)

HCW Biologics's revenue rose $129K (21×) from $7K in Q2 2025 to $136K in Q2 2026.

HCW Biologics, Q2 2026: revenue $136K (21× year over year), net loss $5.2M, operating cash flow −$4.0M. The chart draws each line against Q2 2025, the increases inside each band.

HCW Biologics: what changed, Q2 2026 vs Q2 2025HCW Biologics: what changed, Q2 2026 vs Q2 2025Interest & other, net$3.6MNet loss$3.3MOperating cash sources$3.3MNet loss absorbed$3.3MWorking capital & other$3.0MCosts & expenses$1.9MCash used in operations$684KShare-based compensation−$277KGeneral & admin−$226KOperating costs−$169K

Every line

LineQ2 2026Q2 2025Change%
Revenue$136K$7K$129K21×
Net loss$5.2M$1.9M$3.3M+171%
Costs & expenses$5.4M$3.5M$1.9M+54%
Operating costs$3.3M$3.5M−$169K-5%
Interest & other, net$2.1M−$1.5M$3.6M—
Research & development$1.2M$1.2M−$23K-2%
General & admin$1.9M$2.1M−$226K-11%
Operating cash sources$5.2M$1.9M$3.3M+171%
Depreciation & amortization$127K$292K−$165K-56%
Share-based compensation$1K$278K−$277K-100%
Working capital & other$1.1M−$1.9M$3.0M—
Cash used in operations$4.0M$3.3M$684K+21%
Net loss absorbed$5.2M$1.9M$3.3M+171%

Questions

How much did HCW Biologics's revenue grow year over year in Q2 2026?

HCW Biologics's revenue rose $129K (21×) from $7K in Q2 2025 to $136K in Q2 2026.

Q2 2026 results → · Compare in the interactive Sankey →