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How HCW Biologics (HCWB) makes money
HCW Biologics (HCWB) made $136K of revenue in the second quarter 2026 (Q2 2026), up 21-fold from a year earlier.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $136K | 100.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $136K | 21× |
| Q1 2026 | $6.5M | 1,292× |
| Q4 2025 | $27K | -93% |
| Q3 2025 | $16K | -96% |
| Q2 2025 | $7K | -99% |
| Q1 2025 | $5K | -100% |
| Q4 2024 | $395K | -70% |
From HCW Biologics' 10-Q filed Aug 14, 2026 (on EDGAR).
Questions
How does HCW Biologics make money?
HCW Biologics (HCWB) made $136K of revenue in the second quarter 2026 (Q2 2026), up 21-fold from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.