SequelSEC

SAB Biotherapeutics, Inc. SABS

Biological Products, (No Diagnostic Substances) · CIK 0001833214 · Fiscal year ends 1231

Revenue
$0
Fiscal year ended 2025-12-31
Operating income
-$48.95M
Fiscal year ended 2025-12-31
Free cash flow
-$45.71M
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$76.73MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$1.51Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income5.8×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.5×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Biological Products, (No Diagnostic Substances) filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Revenue YoY growth-100.0%0th
Effective tax rate0.0%6th
Current ratio9.46x81th

SAB Biotherapeutics, Inc. (SABS) reported revenue of $0 and net income of $13.27M for the fiscal year ended 2025-12-31. This page shows 6 annual periods of income statement, balance sheet and cash flow figures normalized from SAB Biotherapeutics, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Biological Products, (No Diagnostic Substances).

Income

SAB Biotherapeutics, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Revenue$0$1.32M$2.24M$23.90M$60.88M$55.24M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income-$48.95M-$42.91M-$38.08M-$28.92M-$13.39M$20.56M
Net income$13.27M-$34.11M-$42.19M-$18.74M-$17.14M$20.12M
Research & development$34.35M$30.25M$16.52M$36.44M$57.18M$27.91M
Weighted-average diluted sharesshares 61.34Mshares 9.26Mshares 5.52Mshares 4.35Mshares 27.34Mshares 27.01M
Pretax income$13.27MUnavailable-$42.19M-$18.72M-$17.14M$20.12M
Income tax expense$0$0$0$25.63K$0$0
Diluted EPS$-0.79$-3.68$-7.64$-4.31$-0.63$0.74
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$14.60M$13.98M$23.80M$16.38M$17.09M$6.77M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

SAB Biotherapeutics, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Cash & equivalents$10.50M$8.90M$56.57M$15.05M$33.21M$12.61M
Total assets$172.81M$44.20M$83.94M$50.90M$81.14M$56.54M
Current assets$101.05M$23.79M$58.91M$22.10M$50.19M$34.46M
Total liabilities$21.32M$18.23M$26.64M$19.85M$42.59M$17.53M
Current liabilities$10.68M$7.98M$10.81M$14.99M$26.46M$11.06M
Total equity incl. NCI$151.50M$25.97M$57.30M$31.06M$38.55M$39.01M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailable$0$5.56M$8.01M$20.57M
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payable$3.15M$1.69M$945.93K$3.68M$4.46M$7.38M

Cash flow

SAB Biotherapeutics, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Operating cash flow-$44.78M-$34.29M-$25.12M-$23.46M$1.99M$10.00M
Capital expenditures$933.16K$337.26K$197.15K$2.17M$10.94M$12.73M
Investing cash flow-$121.71M-$11.96M-$152.70K-$2.09M-$10.94M-$12.72M
Financing cash flow$168.30M-$1.17M$66.77M$1.05M$35.89M$8.98M
Net change in cash$1.60M-$47.67M$41.52M-$24.50M$26.93M$6.26M
Stock-based compensation$5.21M$2.94M$2.42M$2.67M$2.31M$1.30M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$2.99M$4.71M$3.65M$3.17M$1.49M$383.14K

Derived

SAB Biotherapeutics, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Free cash flow-$45.71M-$34.63M-$25.32M-$25.63M-$8.96M-$2.73M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailable-3244.9%-1700.6%-121.0%-22.0%37.2%
FCF marginUnavailable-2618.6%-1130.7%-107.2%-14.7%-4.9%
SBC / revenueUnavailable222.5%108.3%11.2%3.8%2.3%
Current ratio9.46x2.98x5.45x1.47x1.90x3.11x
Revenue YoY growth-100.0%-40.9%-90.6%-60.7%10.2%Unavailable
Net marginUnavailable-2579.0%-1884.5%-78.4%-28.2%36.4%
R&D / revenueUnavailable2287.6%737.6%152.4%93.9%50.5%
CapEx / revenueUnavailable25.5%8.8%9.1%18.0%23.0%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate0.0%UnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open SABS in the interactive workspace to inspect any figure back to its filing.

Source filings

25-NSE · Filed 2026-10-22View SEC filing
10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-12View SEC filing
10-K · Filed 2026-03-09View SEC filing
10-Q · Filed 2025-11-14View SEC filing
10-Q · Filed 2025-08-07View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.