For the twelve months ended Sep 30, 2026, Xenetic Biosciences Inc. reported $2.96M of revenue and -$3.66M of net income.
XBIO revenue was $725.3K in fiscal Q3 2026 (ended Sep 30, 2026), down 29.4% from a year earlier and up 9.8% from the prior quarter. For the full fiscal 2025 it was $2.98M, up 19.0% from fiscal 2024. Compound annual growth was +46.8% over 5 years. It rose in 5 of the last 6 fiscal years.
XBIO net income was -$1.70M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$509.9K a year earlier. For the full fiscal 2025 it was -$2.68M, compared with -$3.96M in fiscal 2024.
XBIO diluted EPS was -$0.72 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was -$1.58, compared with -$2.57 in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.98M | $2.50M | $2.54M | $1.71M | $1.16M | $436.9K | $17.1K | $0 | $7.58M | $3.00M |
| Research and development | $3.07M | $3.29M | $3.49M | $4.77M | $3.16M | $1.73M | $4.89M | $2.88M | $4.06M | $43.74M |
| Selling, general and admin | $2.75M | $3.42M | $3.56M | $3.65M | $3.74M | $3.40M | $4.73M | $4.39M | $6.94M | $6.69M |
| Operating income | -$2.83M | -$4.20M | -$4.52M | -$6.72M | -$5.75M | -$13.94M | -$12.89M | -$7.28M | -$3.57M | -$47.43M |
| Interest expense | - | - | - | - | - | - | - | - | $1.8K | $729.6K |
| Income tax | $0 | $0 | $0 | $0 | $0 | -$2.92M | $0 | $0 | $0 | $0 |
| Net income | -$2.68M | -$3.96M | -$4.13M | -$6.55M | -$5.65M | -$10.89M | -$12.78M | -$7.30M | -$3.60M | -$54.21M |
| EPS, basic | -$1.58 | -$2.57 | -$2.71 | -$4.61 | -$5.50 | -$17.00 | -$63.30 | -$96.60 | -$49.20 | -$940.80 |
| EPS, diluted | -$1.58 | -$2.57 | -$2.71 | -$4.61 | -$5.50 | -$17.00 | -$63.30 | -$96.60 | -$49.20 | -$940.80 |
| Diluted shares | 1.7M | 1.5M | 1.5M | 1.4M | 1.0M | 639,238.1 | 285,246.4 | 75,601.5 | 72,214.692 | 61,921.45 |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.88M | $6.17M | $8.98M | $13.10M | $18.24M | $11.53M | $10.37M | $638.1K | $5.60M | $4.11M |
| Receivables | - | - | - | - | - | - | - | - | $0 | $3.00M |
| Current assets | $8.05M | $6.59M | $9.59M | $13.65M | $18.72M | $12.37M | $11.09M | $1.19M | $5.88M | $8.34M |
| Goodwill | - | - | - | - | - | $0 | $9.24M | $3.28M | $3.28M | $3.28M |
| Total assets | $8.36M | $6.90M | $10.61M | $14.72M | $19.82M | $13.18M | $21.55M | $14.43M | $19.16M | $20.97M |
| Current liabilities | $968.0K | $894.3K | $809.6K | $1.07M | $1.42M | $936.9K | $1.42M | $1.60M | $1.94M | $1.87M |
| Total liabilities | $968.0K | $894.3K | $809.6K | $1.07M | $1.42M | $964.0K | $4.33M | $4.52M | $4.86M | $4.80M |
| Shareholders' equity | $7.40M | $6.01M | $9.80M | $13.65M | $18.39M | $12.22M | $17.21M | $9.91M | $14.30M | $16.17M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.29M | -$2.82M | -$4.11M | -$4.65M | -$4.74M | -$4.27M | -$6.40M | -$6.46M | $1.49M | -$8.79M |
| Capital expenditures | - | - | - | - | - | - | - | $0 | $9.3K | $16.8K |
| Free cash flow | - | - | - | - | - | - | - | -$6.46M | $1.48M | -$8.80M |
| Investing cash flow | - | - | $0 | -$500.0K | $0 | $0 | $2.0K | $22.5K | -$9.3K | -$16.8K |
| Financing cash flow | $4.00M | $0 | - | $0 | $11.45M | $5.43M | $16.13M | $1.48M | $0 | $12.72M |
| Stock-based compensation | $64.8K | $171.8K | $283.1K | $511.5K | $410.4K | $468.9K | $806.1K | $1.36M | $1.78M | $1.92M |
| Depreciation and amortization | - | - | - | $0 | $0 | $1.0K | - | - | - | - |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 19.0% | -1.6% | 48.8% | 47.1% | 165.6% | 2460.3% | - | -100.0% | 152.8% | - |
| Operating margin | -95.2% | -168.2% | -177.8% | -393.6% | -495.1% | -3189.8% | -75511.7% | - | -47.1% | -1581.0% |
| Net margin | -90.1% | -158.4% | -162.8% | -383.9% | -486.4% | -2493.1% | -74856.6% | - | -47.4% | -1806.9% |
| Free cash flow margin | - | - | - | - | - | - | - | - | 19.6% | -293.5% |
| Return on equity | -36.2% | -65.9% | -42.2% | -48.0% | -30.7% | -89.2% | -74.2% | -73.6% | -25.1% | -335.2% |
| Return on assets | -32.1% | -57.4% | -39.0% | -44.5% | -28.5% | -82.7% | -59.3% | -50.6% | -18.8% | -258.4% |
| Current ratio | 8.32 | 7.37 | 11.84 | 12.72 | 13.18 | 13.20 | 7.84 | 0.75 | 3.03 | 4.47 |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $725.3K | $660.6K | $806.9K | $766.3K | $1.03M | $589.9K | $593.3K | $648.8K | $614.2K | $726.4K | $510.8K | $672.0K |
| Research and development | $520.7K | $552.0K | $661.4K | $773.4K | $756.5K | $656.6K | $879.0K | $1.04M | $368.0K | $933.8K | $944.3K | $975.6K |
| Selling, general and admin | $1.94M | $1.08M | $647.6K | $615.9K | $815.2K | $657.8K | $656.6K | $705.7K | $745.7K | $1.13M | $834.9K | $952.0K |
| Operating income | -$1.74M | -$971.7K | -$502.1K | -$623.0K | -$544.7K | -$724.4K | -$942.4K | -$1.10M | -$499.5K | -$1.34M | -$1.27M | -$1.26M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$1.70M | -$929.7K | -$456.4K | -$579.1K | -$509.9K | -$688.7K | -$903.1K | -$1.05M | -$436.7K | -$1.27M | -$1.20M | -$1.17M |
| EPS, basic | -$0.72 | -$0.41 | -$0.20 | -$0.21 | -$0.33 | -$0.45 | -$0.59 | -$0.68 | -$0.28 | -$0.83 | -$0.78 | -$0.77 |
| EPS, diluted | -$0.72 | -$0.41 | -$0.20 | -$0.21 | -$0.33 | -$0.45 | -$0.59 | -$0.68 | -$0.28 | -$0.83 | -$0.78 | -$0.77 |
| Diluted shares | 2.3M | 2.3M | 2.3M | - | 1.5M | 1.5M | 1.5M | - | 1.5M | 1.5M | 1.5M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.81M | $6.47M | $7.35M | $7.88M | $4.12M | $4.78M | $5.16M | $6.17M | $6.84M | $7.30M | $7.82M | $8.98M |
| Current assets | $6.00M | $6.65M | $7.60M | $8.05M | $5.07M | $5.35M | $5.48M | $6.59M | $7.03M | $8.01M | $8.38M | $9.59M |
| Total assets | $6.32M | $6.97M | $7.91M | $8.36M | $5.07M | $5.35M | $5.79M | $6.90M | $8.05M | $9.03M | $9.39M | $10.61M |
| Current liabilities | $1.90M | $895.0K | $958.2K | $968.0K | $1.11M | $903.4K | $667.9K | $894.3K | $1.01M | $1.59M | $716.5K | $809.6K |
| Total liabilities | $1.90M | $895.0K | $958.2K | $968.0K | $1.11M | $903.4K | $667.9K | $894.3K | $1.01M | $1.59M | $716.5K | $809.6K |
| Shareholders' equity | $4.41M | $6.07M | $6.95M | $7.40M | $3.96M | $4.45M | $5.12M | $6.01M | $7.04M | $7.45M | $8.68M | $9.80M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$662.1K | -$875.5K | -$536.4K | -$242.7K | -$658.2K | -$383.8K | -$1.00M | -$674.0K | -$459.0K | -$525.1K | -$1.16M | -$793.0K |
| Investing cash flow | - | - | - | - | - | - | - | - | - | - | - | $0 |
| Stock-based compensation | $36.0K | $52.0K | $11.3K | $14.0K | $15.9K | $15.7K | $19.3K | $25.1K | $27.5K | $42.1K | $77.1K | $74.6K |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -29.4% | 12.0% | 36.0% | 18.1% | 67.2% | -18.8% | 16.1% | -3.4% | 0.5% | 11.6% | -15.7% | 38.0% |
| Operating margin | -239.8% | -147.1% | -62.2% | -81.3% | -53.0% | -122.8% | -158.9% | -169.4% | -81.3% | -184.1% | -248.3% | -186.9% |
| Net margin | -233.8% | -140.7% | -56.6% | -75.6% | -49.7% | -116.7% | -152.2% | -162.5% | -71.1% | -175.4% | -234.0% | -174.3% |
| Current ratio | 3.15 | 7.43 | 7.93 | 8.32 | 4.56 | 5.93 | 8.20 | 7.37 | 6.96 | 5.05 | 11.69 | 11.84 |
Source: XBRL data Xenetic Biosciences Inc. files with the SEC, latest filing dated Nov 12, 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 and share counts are restated for stock splits the filings show: 1-for-12, first reported Aug 14, 2019; 1-for-10, first reported Aug 10, 2023.
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.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| XBIO | $2.96M | +3.5% | -$3.66M | -123.7% | $3.9M |
| AUTL | $137.43M | +168.8% | -$256.13M | -186.4% | $311.6M |
| IOVA | $378.98M | +51.3% | -$220.53M | -58.2% | $3.59B |
| LEGN | $1.03B | +64.0% | -$296.80M | -28.8% | $3.40B |