MiNK Therapeutics, Inc. INKT

Healthcare SIC 2836 - Biological Products, (No Diagnostic Substances) Nasdaq

MiNK Therapeutics, Inc. ("we," "our," or "MiNK") is focused on developing innovative treatments for cancer and immune-mediated diseases using allogeneic, ex-vivo expanded invariant natural killer T ("iNKT") cells. Amid a broader industry renaissance in innate immunity—highlighted by surging investment and clinical activity in NK, γδ T, and iNKT-based therapies—iNKT cells represent a distinct T cell ("T") population that uniquely bridges innate and adaptive immunity. They combine durable memory responses characteristic of adaptive T cells with rapid, MHC-independent rapid cytolytic capabilities of natural killer ("NK") cells. This dual functionality enables direct tumor killing via CD1d and stress ligands, potent orchestration of the tumor microenvironment through activation of dendritic cells and NK cells, elimination of immunosuppressive myeloid populations, and restoration of exhausted T-cell function—all while naturally suppressing graft-versus-host disease ("GvHD"). This unique combination positions iNKT cells as an optimal platform for allogeneic therapy, given their natural homing capabilities, tumor clearance potential, and efficacy against infected cells.

Last close 11.64 2026-09-04
Market cap $59.4M 2026-06-30 share count
52-week range 8.48 - 16.98

Valuation FY2025 figures against the last close

P/S
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-2.93

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
R&D $5.8M$6.3M$15.5M$23.1M$14.0M$9.5M
SG&A $6.7M$4.3M$7.4M$7.8M$4.6M$1.3M
Operating income -$12.6M-$11.3M-$22.9M-$30.9M-$28.4M-$14.6M
Interest expense $110.0K$93.0K$28.0K$253.3K$2.4M$2.4M
Net income -$12.5M-$10.8M-$22.5M-$28.0M-$30.2M-$16.2M
EPS, basic -2.93-2.86-6.54-0.83-1.16
EPS, diluted -2.93-2.86-6.54-0.83-1.16-0.67
Shares, diluted (wtd. avg.) $4.3M$3.8M$3.4M$33.7M$26.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $13.4M$4.6M$3.4M$19.6M$38.9M$2.7M$299.0K
Total current assets $13.8M$5.0M$3.6M$20.4M$39.6M$4.1M
Property, plant and equipment $390.9K$732.9K$954.0K$1.1M$606.6K$458.4K
Total assets $14.2M$5.7M$4.6M$21.5M$40.2M$4.6M
Accounts payable $3.4M$2.7M$3.9M$5.8M$3.0M$3.1M
Total current liabilities $13.0M$7.0M$11.4M$12.7M$16.5M$14.2M
Retained earnings -$156.7M-$144.2M-$133.4M-$110.9M-$82.9M-$52.7M
Total equity -$14.2M-$19.6M-$18.1M-$401.3K$23.8M-$53.9M-$36.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow -$5.9M-$9.6M-$15.8M-$18.9M-$12.8M-$8.3M
Depreciation and amortisation $181.7K$215.4K$204.6K$121.7K$78.0K$55.1K
Stock-based compensation $2.7M$1.8M$3.9M$3.0M$1.7M$87.8K
Capital expenditure $73.6K$250.0K$249.0K$95.2K
Investing cash flow -$73.6K-$250.0K-$249.0K-$95.2K
Financing cash flow $14.7M$10.8M-$407.2K-$155.6K$49.3M$11.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-134813.

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