SequelSEC

Tango Therapeutics, Inc. TNGX

Pharmaceutical Preparations · CIK 0001819133 · Fiscal year ends 1231

Revenue
$62.38M
Fiscal year ended 2025-12-31
Operating income
-$111.29M
Fiscal year ended 2025-12-31
Free cash flow
-$139.93M
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$528.40MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$3.70Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue8.5×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity1.5×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 Pharmaceutical Preparations 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
Current ratio16.32x92th
Revenue YoY growth48.3%75th
FCF margin-224.3%40th
SBC / revenue42.4%59th
R&D / revenue211.9%53th
CapEx / revenue1.7%48th
Operating margin-178.4%52th
Net margin-162.9%51th

Tango Therapeutics, Inc. (TNGX) reported revenue of $62.38M and net income of -$101.59M 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 Tango Therapeutics, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Pharmaceutical Preparations.

Income

Tango Therapeutics, 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$62.38M$42.07M$36.53M$24.86M$37.04M$7.66M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income-$111.29M-$145.60M-$114.17M-$111.07M-$58.19M-$52.20M
Net income-$101.59M-$130.30M-$101.74M-$108.18M-$58.24M-$51.97M
Research & development$132.16M$143.92M$115.20M$105.91M$77.64M$49.99M
Weighted-average diluted sharesshares 116.17Mshares 109.23Mshares 94.57Mshares 87.82Mshares 62.11MUnavailable
Pretax income-$101.59M-$130.09M-$101.61M-$108.12M-$57.94M-$51.97M
Income tax expense$4.00K$208.00K$134.00K$54.00K$292.00K$0
Diluted EPS$-0.87$-1.19$-1.08$-1.23$-0.94Unavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$41.51M$43.75M$35.50M$30.02M$17.60M$9.86M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Tango Therapeutics, 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$112.28M$69.53M$66.38M$59.97M$142.74M$28.38M
Total assets$398.69M$316.49M$402.57M$436.47M$500.16M$207.25M
Current assets$353.76M$266.34M$346.54M$375.27M$492.34M$193.63M
Total liabilities$52.51M$116.98M$149.46M$186.99M$155.41M$168.65M
Current liabilities$21.68M$38.17M$45.94M$55.54M$40.69M$40.92M
Total equity incl. NCI$346.18M$199.52M$253.11M$249.48M$344.75M$38.60M
Temporary (mezzanine) equity$0UnavailableUnavailableUnavailable$0$0
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailable$2.00M$2.00M$2.00M
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payable$1.18M$1.60M$2.78M$4.45M$3.23M$1.84M

Cash flow

Tango Therapeutics, 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-$138.89M-$131.50M-$117.98M-$109.08M-$59.53M$70.07M
Capital expenditures$1.05M$754.00K$1.53M$7.69M$1.84M$1.11M
Investing cash flow-$40.86M$86.13M$41.43M$26.40M-$183.43M-$145.47M
Financing cash flow$222.50M$47.66M$82.41M$1.62M$357.32M$80.88M
Net change in cash$42.75M$2.29M$5.85M-$81.07M$114.36M$5.49M
Stock-based compensation$26.43M$28.90M$19.08M$14.23M$7.83M$1.76M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Derived

Tango Therapeutics, 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-$139.93M-$132.26M-$119.51M-$116.77M-$61.36M$68.97M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin-178.4%-346.1%-312.6%-446.8%-157.1%-681.8%
FCF margin-224.3%-314.4%-327.2%-469.7%-165.7%900.8%
SBC / revenue42.4%68.7%52.2%57.2%21.1%23.0%
Current ratio16.32x6.98x7.54x6.76x12.10x4.73x
Revenue YoY growth48.3%15.2%46.9%-32.9%383.8%Unavailable
Net margin-162.9%-309.7%-278.5%-435.1%-157.2%-678.8%
R&D / revenue211.9%342.1%315.4%426.0%209.6%653.0%
CapEx / revenue1.7%1.8%4.2%30.9%5.0%14.4%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

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

Source filings

10-Q · Filed 2026-08-11View SEC filing
10-Q · Filed 2026-05-13View SEC filing
10-K · Filed 2026-03-05View SEC filing
10-Q · Filed 2025-11-04View SEC filing
10-Q · Filed 2025-08-05View SEC filing
10-Q · Filed 2025-05-12View 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.