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Financials · SRZN

Surrozen Inc. (SRZN) financials

For the twelve months ended Sep 30, 2026, Surrozen Inc. reported $10.53M of revenue and -$390.21M of net income.

Revenue, TTM
$10.53M
Revenue growth, YoY
+192.1%
Net income, TTM
-$390.21M
Net margin
-3706.4%
Free cash flow, TTM
-$30.77M
Cash
$100.35M
P/S
55.19
Market cap
$581.0M
Annual revenue$3.48M
FY2021FY2025
Annual net income-$242.03M
FY2020FY2025
Annual free cash flow-$30.37M
FY2020FY2025

SRZN revenue and earnings growth

SRZN revenueQ3 2026$0

Quarter YoY
-100.0%
QoQ
-100.0%
FY YoY
-67.4%

SRZN revenue was $0 in fiscal Q3 2026 (ended Sep 30, 2026), down 100.0% from a year earlier and down 100.0% from the prior quarter. For the full fiscal 2025 it was $3.48M, down 67.4% from fiscal 2024.

SRZN net incomeQ3 2026-$129.72M

SRZN net income was -$129.72M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$71.64M a year earlier. For the full fiscal 2025 it was -$242.03M, compared with -$63.56M in fiscal 2024.

SRZN EPSQ3 2026-$11.02

SRZN diluted EPS was -$11.02 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$8.36 a year earlier. For the full fiscal 2025 it was -$32.37.

SRZN free cash flowQ3 2026-$4.86M

SRZN free cash flow was -$4.86M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$9.06M a year earlier. For the full fiscal 2025 it was -$30.37M, compared with -$17.65M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$3.48M$10.65M$0$12.50M$0-
Research and development$29.36M$21.13M$27.23M$37.01M$40.18M$25.68M
Selling, general and admin$16.20M$15.06M$15.80M$19.83M$14.21M$7.12M
Operating income-$42.09M-$25.54M-$45.78M-$44.34M-$54.39M-$32.81M
Pre-tax income-$242.03M-$63.56M----
Income tax$0$0$0$0$0$0
Net income-$242.03M-$63.56M-$43.04M-$36.00M-$54.65M-$32.72M
EPS, basic-$32.37-$21.67-$21.33-$15.56-$2.21-
EPS, diluted-$32.37-$21.67-$21.33-$15.56-$2.21-
Diluted shares7,4782,9332,0182,31424,68916.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$89.25M$35.25M$36.73M$25.09M$33.50M$35.39M
Short-term investments--$0$51.15M$68.76M$14.20M
Receivables$0$2.04M$2.15M$1.98M$0-
Current assets$91.56M$38.93M$41.13M$81.31M$105.19M$50.22M
Total assets$98.73M$48.47M$46.08M$89.44M$137.17M$62.06M
Current liabilities$9.93M$7.32M$7.15M$9.73M$13.57M$7.28M
Total liabilities$286.49M$69.85M$8.14M$13.43M$27.47M$14.77M
Shareholders' equity-$187.76M-$21.38M$37.94M$76.00M$109.70M$47.29M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow-$30.24M-$17.63M-$40.36M-$44.15M-$48.81M-$29.10M
Capital expenditures$128.0K$26.0K$398.0K$728.0K$1.27M$874.0K
Free cash flow-$30.37M-$17.65M-$40.76M-$44.87M-$50.08M-$29.97M
Investing cash flow-$128.0K-$26.0K$51.72M$38.31M-$77.71M-$15.07M
Financing cash flow$85.05M$16.18M$276.0K-$2.56M$124.63M$50.05M
Share repurchases--$0$2.61M$0-
Stock-based compensation$3.83M$4.11M$4.37M$4.52M$2.32M$635.0K
Depreciation and amortization$537.0K$1.44M$1.91M$1.96M$2.07M$1.94M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY-67.4%--100.0%---
Operating margin-1210.6%-239.7%--354.7%--
Net margin-6960.8%-596.6%--288.0%--
Free cash flow margin-873.5%-165.7%--359.0%--
Return on equity---113.5%-47.4%-49.8%-69.2%
Return on assets-245.1%-131.1%-93.4%-40.3%-39.8%-52.7%
Current ratio9.225.325.758.357.756.90

Source: XBRL data Surrozen Inc. files with the SEC, latest filing dated Nov 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SRZN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SRZN$10.53M+192.1%-$390.21M-3706.4%$581.0M
AMGN$38.90B+8.2%$9.39B24.1%$251.65B
GILD$30.99B+6.5%-$3.86B-12.5%$211.94B
MRNA$2.52B+13.1%-$2.79B-110.5%$101.49B
ARGX$4.25B+88.6%$1.29B30.4%$60.30B
RVMD$0--$1.13B-$41.76B
BIIB$10.30B+2.3%$347.50M3.4%$37.44B
BNTX€2.87B+4.3%-€1.14B-39.6%$21.91B
EXEL$2.50B+9.1%$885.14M35.5%$17.22B

SRZN FAQ

7 questions
  • What is SRZN revenue?
    Surrozen Inc. (SRZN) reported $10.53M of revenue for the twelve months ended Sep 30, 2026. That is up 192.1% from the year before. Revenue for fiscal 2025 was $3.48M.
  • Is SRZN profitable?
    No. Surrozen Inc. reported a net loss of $390.21M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does SRZN have?
    Surrozen Inc. reported $100.35M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is SRZN revenue growing?
    Surrozen Inc.'s revenue changed -67.4% in fiscal 2025, to $3.48M.
  • What is SRZN free cash flow?
    Surrozen Inc. generated -$30.77M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$30.55M less capital expenditures.
  • When did SRZN last report financial results?
    The latest statements here come from Surrozen Inc.'s 10-Q filed on Nov 9, 2026, covering the period ended Sep 30, 2026.
  • Where does this SRZN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Surrozen Inc. files with the SEC. It is provided for information only and is not investment advice.