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Filing Flows › Zenas BioPharma (ZBIO) › Q3 2026 › vs Q2 2026

Zenas BioPharma (ZBIO) Q3 2026 vs Q2 2026 (quarter over quarter)

Zenas BioPharma's revenue rose $9.0M (+900%) from $1.0M in Q2 2026 to $10.0M in Q3 2026.

Zenas BioPharma, Q3 2026: revenue $10.0M, net loss $109M, operating cash flow −$58.0M. The chart draws each line against Q2 2026, the increases inside each band.

Zenas BioPharma: what changed, Q3 2026 vs Q2 2026Zenas BioPharma: what changed, Q3 2026 vs Q2 2026Working capital & other−$11.9MGeneral & admin$11.7MShare-based compensation$8.7MCosts & expenses$6.5MOperating costs$4.8MResearch & development−$4.4MNet loss−$2.5MOperating cash sources−$2.5MNet loss absorbed−$2.5MOther operating costs−$2.5M

Every line

LineQ3 2026Q2 2026Change%
Revenue$10.0M$1.0M$9.0M+900%
Net loss$109M$111M−$2.5M-2%
Costs & expenses$119M$112M$6.5M+6%
Operating costs$113M$109M$4.8M+4%
Interest & other, net$5.5M$3.7M$1.8M+48%
Income tax$49K$114K−$65K-57%
Research & development$58.5M$62.9M−$4.4M-7%
General & admin$27.4M$15.7M$11.7M+74%
Other operating costs$27.5M$30.0M−$2.5M-8%
Operating cash sources$109M$111M−$2.5M-2%
Depreciation$4K$4K$00%
Share-based compensation$17.3M$8.6M$8.7M+100%
Working capital & other$33.7M$45.6M−$11.9M-26%
Cash used in operations$58.0M$57.2M$747K+1%
Net loss absorbed$109M$111M−$2.5M-2%

Questions

How much did Zenas BioPharma's revenue grow quarter over quarter in Q3 2026?

Zenas BioPharma's revenue rose $9.0M (+900%) from $1.0M in Q2 2026 to $10.0M in Q3 2026.

Q3 2026 results → · Compare in the interactive Sankey →