Upstream Bio, Inc.

Upstream Bio, Inc.

UPB
Upstream Bio, Inc.US flagNASDAQ Global Select
7.63
USD
+0.38
- -
415.22MMarket Cap
Upstream Bio, Inc.
UPB
(NASDAQ Global Select)

Recent

price

7.63

P/E

ratio

- -

div

yld

- -

ROIC.AI

2022
2023
2024
2025
TTM
FRC
0.03
0.07
0.04
0.05
0.06
Revenue per Share
-0.66
-1.05
-1.43
-2.66
-2.9
Basic EPS, GAAP
-0.53
-1.05
-1.11
-2.48
-2.59
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
Dividend per Share
-2.96
-3.52
-3.56
-6.21
-6.93
Book Value per Share
-2.92
-3.39
8.77
6.31
5.62
Tangible Book Value per Share
36
36
54
54
54
Basic Weighted Avg Shares
1
2
2
3
3
Sales/Revenue/Turnover
-1,972.69
-1,685.46
-3,281.18
-5,618.82
-5,176.49
Operating Margin (%)
- -
- -
- -
- -
- -
Depreciation Expense
-24
-21
-63
-143
-157
Net Income, GAAP
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-1,969.31
-862.9
-2,650.04
-5,026.03
-4,718.96
Profit Margin (%)
13
110
468
338
303
Working Capital
- -
- -
1
1
- -
LT Debt
-106
-123
470
340
304
Total Equity
- -
- -
- -
- -
- -
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
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
54
54
54
Market Capitalization
1,011
1,463
487

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
389
352
316
Cash, Cash Equivalents & STI
372
342
295
Accounts Receivable, Net
1
1
1
Inventories
- -
- -
- -
Total Current Liabilities
12
13
14
Payables & Accruals
8
9
11
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-27.69%
Free Cash Flow
- -
- -
123.58%
Net Income, GAAP
- -
- -
128.39%
Sales/Revenue/Turnover
- -
- -
20.42%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1
1
1
1
2
2025
1
1
1
1
3
2026
1
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.27
-0.38
-0.41
-0.41
-1.43
2025
-0.51
-0.74
-0.63
-0.78
-2.66
2026
-0.75
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Upstream Bio, Inc. (Nasdaq: UPB) is a clinical-stage biotechnology company developing treatments for inflammatory diseases with an initial focus on severe respiratory disorders. Founded in 2021 and headquartered in Waltham, Massachusetts, the company advances verekitug, the only known clinical-stage monoclonal antibody targeting the receptor for thymic stromal lymphopoietin (TSLP), a cytokine driving pro-inflammatory signaling upstream of multiple immune-mediated cascades; verekitug, a novel recombinant fully human immunoglobulin G1 monoclonal antibody, potently inhibits the TSLP receptor and has demonstrated rapid, substantial, and sustained inhibition for up to 24 weeks in clinical trials, including reductions in fractional exhaled nitric oxide and blood eosinophils in asthma patients. The company conducts global Phase 2 placebo-controlled trials evaluating verekitug across chronic rhinosinusitis with nasal polyps (CRSwNP), severe asthma, and chronic obstructive pulmonary disease (COPD), with positive top-line data from the CRSwNP trial (VIBRANT) reported in 2025 meeting primary and secondary endpoints at Week 24 for the 100 mg dose every 12 weeks. Recent developments include completion of enrollment in the severe asthma Phase 2 trial (VALIANT) in June 2025 with top-line data expected in Q1 2026, initiation of the COPD Phase 2 trial (VENTURE) in July 2025 dosing the first patient, an initial public offering in October 2024 raising $293 million to fund operations through 2027, and institutional investment such as FMR LLC's acquisition of a significant stake in November 2024. Upstream Bio operates primarily in the United States, targeting patients underserved by current standards of care including inhaled therapies and emerging biologics in the respiratory sector.

Company News

APIChat
  • Upstream Bio to Present at the Goldman Sachs 47th Annual Global Healthcare Conference

  • Upstream Bio: The Reset Is The Opportunity, Initiating At Buy

  • Upstream Bio Presents New Data from Phase 2 VIBRANT Trial of Verekitug Demonstrating Improvement in Asthma Symptom Control in Participants with CRSwNP and Comorbid Asthma at the ATS 2026 International Conference

  • Upstream Bio, Inc. (UPB) Reports Q1 Loss, Beats Revenue Estimates

  • Upstream Bio Reports First Quarter 2026 Financial Results and Recent Business Highlights

  • Upstream Bio to Present New Data from Phase 2 VIBRANT Trial of Verekitug at the ATS 2026 International Conference

  • Here Are Friday’s Top Wall Street Analyst Research Calls: Brown-Forman, Chord Energy, Emerson Electric, FuboTV, Genmab, Honeywell, Knight-Swift, Wix.Com, and More

  • Upstream Bio Lead Drug Pivotal Trial Plan Follows Strong Phase 2 Data

  • Upstream Bio Highlights Phase 3 Development Strategy for Verekitug and Reports Fourth Quarter and Full Year 2025 Financial Results

  • Upstream Bio Presents Additional Analyses from the Phase 2 VIBRANT Trial of Verekitug in Chronic Rhinosinusitis with Nasal Polyps at 2026 AAAAI Annual Meeting

  • Upstream Bio to Present Additional Analyses from Phase 2 VIBRANT Trial in Chronic Rhinosinusitis with Nasal Polyps in Late-Breaking Session at AAAAI Annual Meeting 2026

  • Upstream Bio to Participate in Upcoming March Investor Conferences

  • Upstream Bio's Selloff May Be 'Overdone,' But Analyst Highlights Asthma Drug's Competitive Edge Concerns

  • Upstream Bio Shows Asthma Drug Cuts Attacks By 56%, Stock Reacts

  • Upstream Bio Reports Positive Top-line Results from the Phase 2 VALIANT Trial of Verekitug for the Treatment of Severe Asthma

  • Upstream Bio to Host Webcast to Report Top-Line Results from the Phase 2 VALIANT Trial of Verekitug in Patients with Severe Asthma

  • Upstream Bio, Inc. (NASDAQ:UPB) Receives $45.25 Consensus PT from Brokerages

  • Upstream Bio to Present at the 44th Annual J.P. Morgan Healthcare Conference

  • Upstream Bio, Inc. (NASDAQ:UPB) Receives $45.25 Average Price Target from Brokerages

  • Upstream Bio: Maintaining Buy Rating On Verekitug Success In Phase 2 CRSwNP Study