Humacyte, Inc. (HUMA)

Humacyte, Inc., together with its subsidiaries, engages in the development and manufacture of off-the-shelf, implantable, and bioengineered human tissues for the treatment of diseases and conditions across a range of anatomic locations in multiple therapeutic areas. The company using its proprietary and scientific technology platform to engineer and manufacture human acellular vessels (HAVs) to be implanted into patient without inducing a foreign body response or leading to immune rejection. It is developing a portfolio of HAVs, which would target the vascular repair, reconstruction, and replacement market, including vascular trauma; arteriovenous access for hemodialysis; peripheral arterial disease; pediatric heart surgery; and coronary artery bypass grafting, as well as for the delivery of cellular therapy, including pancreatic islet cell transplantation to treat Type 1 diabetes. Humacyte, Inc. was founded in 2004 and is headquartered in Durham, North Carolina.

Ticker
HUMA
Exchange
Nasdaq
Sector
Healthcare
Industry
Biotechnology
Market cap
$125.01M
52-week range
$0.34 - $1.52

Valuation

Share price
$0.45 (close of Nov 6, 2026)
P/E (TTM)
-0.93x
Price to book
4.00x
Price to free cash flow
-1.28x
Enterprise value
$111.29M
Book value per share
$0.11

Price performance

PeriodChange
1 day+12.50%
5 days+9.76%
1 month-6.25%
3 months-36.62%
6 months-54.08%
Year to date-53.12%
1 year-65.65%
3 years-80.09%
5 years-95.82%
All time-95.35%

Short interest

As of
Oct 15, 2026
Short % of float
10.95%
Shares short
30.25M
Days to cover
3.66
Change since prior report
+2.90%
Source
FINRA consolidated short interest

Profitability and growth

Return on invested capital
-159.13%
Return on assets
-35.09%
Return on capital employed
-110.35%
Gross margin
-376.05%
Net margin
-2,003.58%
EBITDA margin
-5,044.60%

Cash flow and balance sheet

Free cash flow yield (TTM)
-78.04%
Current ratio
6.21x
Net debt to EBITDA
0.17x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$2.04M
Cost of revenue
$9.70M
Gross profit
-$7.66M
EBITDA
-$102.81M
Net income
-$40.83M
Earnings per share
$-0.26
Research and development
$69.30M
Interest expense
$11.25M
Shares outstanding
158.16M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$2.04M-$7.66M-$40.83M-$0.26
2024-12-31---$148.70M-$1.26
2023-12-31---$110.78M-$1.07
2022-12-31---$11.96M-$0.12
2021-12-31---$26.48M-$0.66
2020-12-31---$66.52M-$11.54

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-31-376.05%-2,003.58%--159.13%
2022-12-31---10.23%-50.65%
2021-12-31---21.67%-46.14%

Cash and debt by year

Period endCashDebt
2025-12-31$50.50M$35.44M
2024-12-31$44.94M-
2023-12-31$80.40M-
2022-12-31$151.90M-
2021-12-31$225.50M$30.00M
2020-12-31$39.93M-
2019-12-31$93.71M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31-$105.93M$9.75M
2024-12-31-$99.69M$6.14M
2023-12-31-$75.58M$6.83M
2022-12-31-$72.18M$6.18M
2021-12-31-$81.41M$10.15M
2020-12-31-$55.89M$4.69M
2019-12-31-$79.91M-

Investor relations

Next earnings report

Next confirmed report
Nov 10, 2026
Consensus EPS estimate
$-0.09

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-12Jun 2026-$0.10
2026-05-13Mar 2026-$0.10
2026-03-27Dec 2025-$0.13
2025-11-12Sep 2025-$0.17
2025-08-11Jun 2025-$0.15
2025-05-13Mar 2025-$0.19
2025-03-28Dec 2024-$0.23
2024-11-08Sep 2024-$0.26

Filings and sources

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

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Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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