Belite Bio, Inc

Belite Bio, Inc

BLTE
Belite Bio, IncUS flagNASDAQ Capital Market
134.93
USD
-12.07
- -
5.41BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
-0.24
-0.4
-0.63
-1.19
-1.18
-2.31
-2.54
Free Cash Flow per Basic Share
-0.19
-0.31
-0.59
-1.12
-0.96
-1.11
-0.3
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.73
-1.13
-2
-2.69
-3.52
-5.52
- -
Tangible Book Value per Share
-0.29
-0.63
2.08
3.28
4.65
22.83
22.43
Basic Weighted Avg Shares
24
24
20
27
31
34
35
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-6
-10
-13
-32
-36
-78
-90
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
Working Capital
25
16
41
86
141
484
522
LT Debt
- -
- -
1
1
- -
- -
- -
Total Equity
-7
-15
42
90
146
770
796
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
35
39
40
Market Capitalization
2,393
5,363
5,656

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
277
494
522
Cash, Cash Equivalents & STI
276
492
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
8
10
- -
Payables & Accruals
7
7
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
69.41%
428.38%
Free Cash Flow
- -
60.64%
26.48%
Net Income, GAAP
- -
75.59%
114.73%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.27
-0.31
-0.28
-0.32
-1.18
2025
-0.44
-0.5
-0.65
-0.7
-2.31
2026
-0.68
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Yu-Hsin Lin
Full Time Employees
25
Sector
Healthcare
Industry
Biotechnology
Address
5820 Oberlin Drive San Diego CA United States of America 92121
IPO Date
Apr 29, 2022
Business
Belite Bio, Inc (Nasdaq: BLTE), a clinical-stage biopharmaceutical company, develops novel therapeutics targeting degenerative retinal diseases with significant unmet medical needs, including autosomal recessive Stargardt disease type 1 (STGD1) and geographic atrophy (GA) in advanced dry age-related macular degeneration (AMD), as well as metabolic disorders such as non-alcoholic fatty liver disease (NAFLD), non-alcoholic steatohepatitis (NASH), type 2 diabetes (T2D), and gout. Founded in 2016 and headquartered in San Diego, California, the company operates globally with ongoing clinical trials in the United States, Europe, Japan, China, and the United Kingdom; it functions as a subsidiary of Lin Bioscience International Ltd. Its lead product candidate, Tinlarebant (LBS-008), is an oral, once-daily retinol binding protein 4 (RBP4) antagonist designed to reduce toxic vitamin A byproduct accumulation in the retina, currently advancing in multiple pivotal trials including the completed Phase 3 DRAGON trial (104 adolescent STGD1 patients, final topline data expected Q4 2025), the ongoing Phase 2/3 DRAGON II trial (adolescent STGD1 patients including Japanese subjects), and the enrollment-completed Phase 3 PHOENIX trial (530 GA patients); Tinlarebant has received Orphan Drug Designation in the U.S., Europe, and Japan, Rare Pediatric Disease and Breakthrough Therapy Designations in the U.S., Fast Track Designation in the U.S., and Sakigake Designation in Japan. The company's preclinical pipeline features LBS-009, an oral anti-RBP4 therapy that competes with retinol binding to promote RBP4 elimination via renal filtration, targeting NAFLD, NASH, T2D, and gout in patient populations exceeding 2.4 billion worldwide. Recent developments include China's National Medical Products Administration (NMPA) agreeing to accept a New Drug Application with priority review for Tinlarebant in STGD1 based on DRAGON interim results, the United Kingdom's Medicines and Healthcare Products Regulatory Agency (MHRA) agreeing to accept a Conditional Marketing Authorization application for the same indication, completion of enrollment in the PHOENIX trial, closure of a $15 million registered direct offering and $125 million private placement (with up to $165 million more from warrants) to support commercialization and operations, and bolstering cash reserves to $275.6 million as of September 30, 2025.

Company News

APIChat
  • Belite Bio to Participate in the Goldman Sachs 47th Annual Global Healthcare Conference

  • Belite Bio, Inc (BLTE) Q1 2026 Earnings Call Transcript

  • Belite Bio Q1 Earnings Call Highlights

  • Belite Bio Reports Unaudited First Quarter 2026 Financial Results and Provides a Corporate Update

  • Belite Bio Receives Orphan Drug Status for Tinlarebant in Stargardt Disease in Switzerland

  • Belite Bio Announces Oral Presentation at the 27th Fundus Disease Forum and International Retinal Symposium (Retina China 2026)

  • Belite Bio, Inc (BLTE) Presents at Bank of America Global Healthcare Conference 2026 Transcript

  • Belite Bio to Host Webcast on May 20, 2026, to Discuss First Quarter 2026 Financial Results

  • Belite Bio, Inc (BLTE) Presents at Deutsche Bank ADR Virtual Investor Conference Transcript

  • Belite Bio to Present at the Deutsche Bank American Depositary Receipt Virtual Investor Conference on April 28th

  • Wan-Shan Chen Sells 1,100 Shares of Belite Bio (NASDAQ:BLTE) Stock

  • Belite Bio (NASDAQ:BLTE) CFO Hao-Yuan Chuang Sells 6,200 Shares of Stock

  • Belite Bio (NASDAQ:BLTE) CEO Yu-Hsin Lin Sells 9,200 Shares

  • Belite Bio, Inc. Sponsored ADR (NASDAQ:BLTE) Receives Average Rating of “Moderate Buy” from Brokerages

  • Belite Bio Announces Availability of Annual Report on Form 20-F Through Company Website

  • Financial Survey: Tenaya Therapeutics (NASDAQ:TNYA) versus Belite Bio (NASDAQ:BLTE)

  • Belite Bio (BLTE) to Release Earnings on Monday

  • Belite Bio Q4 Earnings Call Highlights

  • Belite Bio, Inc (BLTE) Q4 2025 Earnings Call Transcript

  • Belite Bio Reports Preliminary, Unaudited Fourth Quarter and Full Year 2025 Financial Results and Provides a Corporate Update