Coya Therapeutics, Inc. (COYA)

Coya Therapeutics, Inc., a clinical-stage biotechnology company, engages in the development of proprietary therapies to enhance the function of regulatory T cells (Tregs). Its candidate product pipeline is based on therapeutic modalities, such as Treg-enhancing biologics, Treg-derived exosomes, and autologous Treg cell therapy. The company develops COYA 302, a biologic combination for subcutaneous administration intended to enhance Treg function while depleting T effector function and activated macrophages in Phase 2 trial for use in the treatment of amyotrophic lateral sclerosis, as well as frontotemporal dementia, Alzheimer's disease (AD), and Parkinson's disease. In addition, its pre-clinical product candidates include COYA 301, a low-dose interleukin 2 product candidate to treat AD; COYA 303, an investigational biologic combination of COYA 301 and a glucagon-like-peptide-1 receptor agonist for the treatment of inflammatory diseases; COYA 201, an antigen directed Treg-derived exosome product candidate to treat neurodegenerative, autoimmune, and metabolic diseases; COYA 206, an antigen directed Treg-derived exosome product candidate; and COYA 101. It has a collaboration with Dr. Reddy's Laboratories SA for the development and commercialization of COYA 302, an investigational combination therapy for treatment of amyotrophic lateral sclerosis. Coya Therapeutics, Inc. was founded in 2020 and is headquartered in Houston, Texas.

Ticker
COYA
Exchange
Nasdaq
Sector
Healthcare
Industry
Biotechnology
Market cap
$70.14M
52-week range
$2.72 - $6.62

Valuation

Share price
$2.99 (close of Nov 6, 2026)
P/E (TTM)
-2.79x
Price to book
1.62x
Price to free cash flow
-4.46x
Enterprise value
$26.96M
Book value per share
$1.84

Price performance

PeriodChange
1 day+6.41%
5 days-17.17%
1 month-38.35%
3 months-34.72%
6 months-29.48%
Year to date-48.45%
1 year-48.09%
3 years-40.32%
All time-34.57%

Short interest

As of
Oct 15, 2026
Short % of float
5.40%
Shares short
1.25M
Days to cover
8.61
Change since prior report
+5.33%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
-49.33%
Return on invested capital
-52.42%
Return on assets
-42.49%
Return on capital employed
-51.17%
Gross margin
70.84%
Net margin
-267.14%
EBITDA margin
-283.52%
Revenue growth
123.57%

Cash flow and balance sheet

Free cash flow yield (TTM)
-22.42%
Current ratio
13.40x
Net debt to EBITDA
1.87x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$7.95M
Cost of revenue
$2.32M
Gross profit
$5.63M
EBITDA
-$22.53M
Net income
-$21.23M
Earnings per share
$-1.27
Research and development
$16.73M
Shares outstanding
16.73M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$7.95M$5.63M-$21.23M-$1.27
2024-12-31$3.55M--$14.88M-$0.98
2023-12-31$6.00M$5.43M-$7.99M-$0.79
2022-12-31---$12.24M-$4.73
2021-12-31---$4.89M-$1.89

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3170.84%-267.14%-49.33%-52.42%
2024-12-31--418.70%-37.60%-41.77%
2023-12-3190.49%-133.08%-22.42%-22.18%
2022-12-31----214.61%
2021-12-31---134.25%-133.66%

Cash and debt by year

Period endCashDebt
2025-12-31$46.82M-
2024-12-31$38.34M-
2023-12-31$32.63M-
2022-12-31$5.93M$12.97M
2021-12-31$4.34M-
2020-12-31$8.72M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31-$10.74M$4.29M
2024-12-31-$10.29M$2.66M
2023-12-31-$11.19M$872.25K
2022-12-31-$7.24M$207.35K
2021-12-31-$3.90M$233.22K
2020-12-31-$391.27K-

Investor relations

Next earnings report

Next confirmed report
Nov 11, 2026
Consensus EPS estimate
$-0.35

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-11Jun 2026-$0.36
2026-05-12Mar 2026-$0.39
2026-03-16Dec 2025-$0.08
2025-11-12Sep 2025$0.02
2025-08-12Jun 2025-$0.22
2025-05-13Mar 2025-$0.44
2025-03-18Dec 2024-
2024-11-06Sep 2024-$0.41

Filings and sources

Company website
coyatherapeutics.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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