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BMEA

Biomea Fusion, Inc.

Company overview

Market capitalization
$93.50M
Employees
40
Latest publication
2026-09-29
About Biomea Fusion, Inc.

Biomea Fusion, Inc., a clinical-stage diabetes and obesity medicines company, focuses on the discovery and development of oral drugs to treat patients with diabetes and obesity. It's lead clinical program's drug candidates are COVALENT-111 and COVALENT-112, which has completed Phase II clinical trials of icovamenib for the treatment of Type 1 and Type 2 diabetes; COVALENT-211, which is in Phase II clinical trial of icovamenib for treating insulin-deficient type 2 diabetes; and COVALENT-212, which is in Phase II clinical trial of icovamenib for the treatment of type 2 diabetes. The company is also developing BMF-650, which is in Phase I glucagon-like peptide-131 clinical trial for the treatment of obesity. The company was incorporated in 2017 and is headquartered in San Carlos, California.

Company website

Financial statements

Income Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
Total Revenue0USD0USD0USD0USD0USD1,220,000USD0USD0USD
Cost Of Revenue46,000USD47,000USD400,000USD500,000USD——400,000USD400,000USD
Gross Profit-46,000USD-47,000USD-400,000USD-500,000USD—1,220,000USD-400,000USD-400,000USD
Research Development9,120,000USD8,115,000USD14,401,000USD16,565,999USD22,897,000USD25,240,000USD27,244,000USD31,825,000USD
Selling General Administrative3,654,000USD3,604,000USD4,199,000USD4,710,000USD6,815,000USD4,834,000USD6,795,000USD7,073,000USD
Total Operating Expenses12,728,000USD11,672,000USD20,805,000USD20,776,000USD29,712,000USD30,074,000USD34,039,000USD38,898,000USD
Operating Income-12,774,000USD-11,719,000USD-20,805,000USD-21,276,000USD-29,712,000USD-30,074,000USD-34,039,000USD-38,898,000USD
Interest Income430,000USD3,526,000USD4,398,000USD536,000USD450,000USD772,000USD1,252,000USD1,622,000USD
Net Interest Income430,000USD-3,526,000USD4,398,000USD536,000USD450,000USD772,000USD1,252,000USD1,622,000USD
Income Before Tax-12,415,000USD4,612,000USD-16,407,000USD-20,740,000USD-29,262,000USD-29,302,000USD-32,787,000USD-37,276,000USD
Net Income-12,415,000USD4,612,000USD-16,407,000USD-20,740,000USD-29,262,000USD-29,302,000USD-32,787,000USD-37,276,000USD
Net Income From Continuing Ops-12,415,000USD4,612,000USD-16,407,000USD-20,740,000USD-29,262,000USD-29,302,000USD-32,787,000USD-37,276,000USD
Ebit-12,415,000USD4,612,000USD-18,600,000USD-20,740,000USD-29,262,000USD-29,302,000USD-32,787,000USD-37,276,000USD
Ebitda-12,369,000USD4,659,000USD-18,173,000USD-20,240,000USD-28,794,000USD-28,833,000USD-32,351,000USD-36,853,000USD
Depreciation And Amortization46,000USD47,000USD427,000USD500,000USD468,000USD469,000USD436,000USD423,000USD
Reconciled Depreciation46,000USD47,000USD427,000USD467,000USD468,000USD469,000USD436,000USD423,000USD
Total Other Income Expense Net359,000USD16,331,000USD4,398,000USD536,000USD450,000USD772,000USD1,252,000USD1,622,000USD
Unclassified Operating Expenses——2,205,000USD—————
Income Tax Expense——————-400,000USD—
Selling And Marketing Expenses———————400,000USD
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Income Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
Total Revenue0USD0USD0USD0USD0USD0USD0USD
Cost Of Revenue1,409,000USD1,748,000USD4,201,000USD1,262,000USD953,000USD132,000USD—
Gross Profit-1,409,000USD-1,748,000USD-4,201,000USD-1,262,000USD-953,000USD-132,000USD—
Research Development61,979,000USD118,085,000USD102,546,000USD62,713,000USD27,996,000USD3,671,000USD1,092,000USD
Selling General Administrative19,328,000USD25,985,000USD23,589,000USD20,921,000USD13,671,000USD1,656,000USD103,000USD
Unclassified Operating Expenses-1,409,000USD——————
Total Operating Expenses79,898,000USD144,070,000USD126,135,000USD83,634,000USD41,667,000USD5,195,000USD1,195,000USD
Operating Income-81,307,000USD-144,070,000USD-126,135,000USD-83,634,000USD-41,667,000USD-5,327,000USD-1,195,000USD
Interest Income1,858,000USD5,644,000USD8,880,000USD1,806,000USD100,000USD3,000USD3,000USD
Net Interest Income1,858,000USD5,644,000USD8,880,000USD1,806,000USD100,000USD3,000USD-3,000USD
Income Before Tax-61,797,000USD-138,426,000USD-117,255,000USD-81,828,000USD-41,567,000USD-5,324,000USD-1,198,000USD
Net Income-61,797,000USD-138,426,000USD-117,255,000USD-80,022,000USD-41,218,000USD-5,324,000USD-1,198,000USD
Net Income From Continuing Ops-61,797,000USD-138,426,000USD-117,255,000USD-81,828,000USD-41,567,000USD-5,324,000USD-1,198,000USD
Ebit-61,797,000USD-138,426,000USD-117,255,000USD-83,634,000USD-41,667,000USD-5,324,000USD-1,195,000USD
Ebitda-60,388,000USD-136,678,000USD-115,740,000USD-82,943,000USD-41,418,000USD-5,192,000USD-1,195,000USD
Depreciation And Amortization1,409,000USD1,748,000USD1,515,000USD691,000USD249,000USD132,000USD1,195USD
Reconciled Depreciation1,409,000USD1,748,000USD1,515,000USD691,000USD249,000USD8,000USD0USD
Total Other Income Expense Net19,510,000USD5,644,000USD8,880,000USD1,806,000USD100,000USD3,000USD-3,000USD
Interest Expense———1,806,000USD100,000USD0USD0USD
Income Tax Expense———-1,806,000USD-349,000USD-198,297USD3,000USD
Non Operating Income Net Other———1,806,000USD———
Net Income Applicable To Common Shares———-81,828,000USD-41,567,000USD-5,324,000USD-1,198,000USD
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Balance sheet Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
Total Assets46,385,000USD58,572,000USD55,187,000USD73,163,000USD55,055,000USD79,938,000USD110,419,000USD136,164,000USD
Other Current Assets1,625,000USD2,238,000USD2,776,000USD8,417,000USD8,797,000USD10,053,000USD5,646,000USD3,002,000USD
Total Liab27,666,000USD29,020,000USD39,568,000USD45,653,000USD26,318,000USD28,365,000USD34,447,000USD32,216,000USD
Total Stockholder Equity18,719,000USD29,552,000USD15,619,000USD27,510,000USD28,737,000USD51,573,000USD75,972,000USD103,948,000USD
Other Current Liab3,442,000USD6,407,000USD8,381,000USD8,435,000USD10,684,000USD6,662,000USD15,893,000USD16,046,000USD
Common Stock7,000USD7,000USD6,000USD6,000USD4,000USD4,000USD4,000USD4,000USD
Capital Stock7,000USD7,000USD6,000USD6,000USD4,000USD4,000USD4,000USD0USD
Retained Earnings-461,463,000USD-449,048,000USD-453,660,000USD-437,253,000USD-416,513,000USD-387,251,000USD-357,949,000USD-325,162,000USD
Cash44,693,000USD55,812,000USD46,642,000USD56,224,000USD35,864,000USD58,279,000USD87,952,000USD113,286,000USD
Cash And Short Term Investments44,693,000USD55,812,000USD46,642,000USD56,224,000USD35,864,000USD58,279,000USD87,952,000USD113,286,000USD
Total Current Assets46,318,000USD58,050,000USD49,440,000USD64,663,000USD44,685,000USD68,332,000USD93,598,000USD116,288,000USD
Total Current Liabilities9,294,000USD11,101,000USD15,565,000USD17,568,000USD19,817,000USD21,673,000USD27,572,000USD25,163,000USD
Net Debt-43,454,000USD-54,223,000USD-39,766,000USD-49,170,000USD-27,937,000USD-49,508,000USD-78,385,000USD-102,944,000USD
Short Term Debt1,239,000USD1,461,000USD787,000USD755,000USD1,426,000USD2,079,000USD2,692,000USD3,289,000USD
Short Long Term Debt Total1,239,000USD1,589,000USD6,876,000USD7,054,000USD7,927,000USD8,771,000USD9,567,000USD10,342,000USD
Accounts Payable4,613,000USD3,233,000USD6,397,000USD8,378,000USD7,707,000USD12,932,000USD8,987,000USD5,828,000USD
Property Plant Equipment Net67,000USD153,000USD5,378,000USD8,127,000USD9,384,000USD10,618,000USD11,823,000USD12,760,000USD
Property Plant Equipment Gross668,000USD1,162,000USD6,340,000USD13,241,000USD14,031,000USD14,797,000USD15,533,000USD—
Common Stock Shares Outstanding72,299,440shares72,299,440shares40,630,403shares40,630,403shares36,627,000shares36,265,001shares36,220,736shares36,043,561shares
Non Current Assets Total67,000USD522,000USD5,747,000USD8,500,000USD10,370,000USD11,606,000USD16,821,000USD19,876,000USD
Non Current Liabilities Total18,372,000USD17,918,999USD24,003,000USD28,085,000USD6,501,000USD6,692,000USD6,875,000USD7,053,000USD
Net Working Capital37,024,000USD46,949,000USD33,875,000USD47,095,000USD24,868,000USD46,659,000USD66,026,000USD91,125,000USD
Unclassified Non Current Liabilities18,372,000USD17,918,999USD6,089,000USD6,299,000USD6,501,000USD6,692,000USD6,875,000USD7,053,000USD
Unclassified Equity480,168,000USD478,586,000USD469,267,000USD464,751,000USD445,242,000USD438,816,000USD433,913,000USD429,106,000USD
Non Currrent Assets Other—369,000USD369,000USD373,000USD986,000USD988,000USD4,998,000USD7,116,000USD
Net Receivables——22,000USD22,000USD24,000USD———
Non Current Liabilities Other——17,914,000USD21,786,000USD————
Other Assets———————1USD
Accumulated Other Comprehensive Income———————0USD
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Balance sheet Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
Total Assets58,572,000USD79,938,000USD199,927,000USD129,307,000USD185,705,000USD62,526,000USD265,000USD
Other Current Assets2,238,000USD10,053,000USD2,315,000USD4,770,000USD3,045,000USD528,000USD26,000USD
Total Liab29,020,000USD28,365,000USD30,690,000USD20,768,000USD6,922,000USD57,357,000USD286,000USD
Total Stockholder Equity29,552,000USD51,573,000USD169,237,000USD108,539,000USD178,783,000USD5,169,000USD-21,000USD
Other Current Liab6,407,000USD6,662,000USD13,543,000USD11,657,000USD2,743,000USD633,000USD15,000USD
Common Stock7,000USD4,000USD4,000USD3,000USD3,000USD1,000USD1,000USD
Capital Stock7,000USD4,000USD4,000USD3,000USD3,000USD1,000USD1,000USD
Retained Earnings-449,048,000USD-387,251,000USD-248,825,000USD-131,570,000USD-49,742,000USD-8,175,000USD-2,851,000USD
Cash55,812,000USD58,279,000USD176,866,000USD111,899,000USD145,736,000USD61,695,000USD239,000USD
Cash And Short Term Investments55,812,000USD58,279,000USD176,866,000USD113,049,000USD173,516,000USD61,695,000USD239,000USD
Total Current Assets58,050,000USD68,332,000USD179,181,000USD117,819,000USD176,561,000USD62,223,000USD265,000USD
Total Current Liabilities11,101,000USD21,673,000USD22,860,000USD19,101,000USD4,637,000USD1,619,000USD286,000USD
Net Debt-54,223,000USD-49,508,000USD-166,570,000USD-109,614,000USD-142,886,000USD-61,436,000USD-239,000USD
Short Term Debt1,461,000USD2,079,000USD2,466,000USD618,000USD565,000USD259,000USD—
Short Long Term Debt Total1,589,000USD8,771,000USD10,296,000USD2,285,000USD2,850,000USD259,000USD—
Accounts Payable3,233,000USD12,932,000USD6,851,000USD6,826,000USD1,329,000USD727,000USD271,000USD
Property Plant Equipment Net153,000USD10,618,000USD14,873,000USD7,992,000USD5,687,000USD291,000USD0USD
Property Plant Equipment Gross1,162,000USD14,797,000USD17,304,000USD8,908,000USD5,944,000USD291,000USD0USD
Common Stock Shares Outstanding52,228,068shares36,105,671shares34,106,923shares29,271,777shares23,858,552shares10,708,048shares10,708,048shares
Non Current Assets Total522,000USD11,606,000USD20,746,000USD11,488,000USD9,144,000USD303,000USD0USD
Non Current Liabilities Total17,919,000USD6,692,000USD7,830,000USD1,667,000USD2,285,000USD55,738,000USD271,000USD
Non Currrent Assets Other369,000USD988,000USD5,873,000USD3,496,000USD1,581,000USD12,000USD—
Net Working Capital46,949,000USD46,659,000USD156,321,000USD98,718,000USD171,924,000USD60,604,000USD-21,000USD
Unclassified Non Current Liabilities17,919,000USD6,692,000USD7,830,000USD——55,738,000USD—
Unclassified Equity478,586,000USD438,816,000USD418,054,000USD240,104,000USD228,529,000USD13,397,738USD2,828,000USD
Other Assets——1USD—1,581,000USD0USD—
Long Term Investments——0USD0USD1,876,000USD0USD—
Short Term Investments——0USD1,150,000USD27,780,000USD0USD—
Accumulated Other Comprehensive Income———-1,000USD-10,000USD-55,738USD—
Non Current Liabilities Other———1,667,000USD2,285,000USD——
Net Tangible Assets———108,539,000USD178,783,000USD5,169,000USD-21,000USD
Current Deferred Revenue————2,263,000USD——
Unclassified Non Current Assets————-1,581,000USD——
Unclassified Current Liabilities————-2,263,000USD——
Short Long Term Debt—————36,000USD—
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Cash flow Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
Net Income-12,415,000USD4,612,000USD-16,407,000USD-20,740,000USD-29,262,000USD-29,302,000USD-32,787,000USD-37,276,000USD
Depreciation46,000USD47,000USD400,000USD467,000USD468,000USD469,000USD436,000USD423,000USD
Stock Based Compensation1,582,000USD1,838,000USD1,940,000USD2,573,000USD3,169,000USD4,490,000USD4,742,000USD4,840,000USD
Other Non Cash Items71,000USD-12,994,000USD-211,000USD564,000USD766,000USD742,000USD720,000USD377,000USD
Change In Working Capital-953,000USD-4,854,000USD4,040,000USD-2,076,000USD-808,000USD-6,403,000USD1,672,000USD-1,007,000USD
Total Cash From Operating Activities-11,669,000USD-13,189,000USD-12,178,000USD-19,212,000USD-25,667,000USD-30,004,000USD-25,217,000USD-32,643,000USD
Capital Expenditures0USD0USD0USD0USD0USD-82,000USD-186,000USD-59,000USD
Free Cash Flow-11,669,000USD-13,189,000USD-12,178,000USD-19,212,000USD-25,667,000USD-30,086,000USD-25,403,000USD-32,702,000USD
Total Cashflows From Investing Activities550,000USD————-82,000USD-186,000USD-59,000USD
Total Cash From Financing Activities0USD22,359,000USD2,596,000USD39,572,000USD3,252,000USD413,000USD69,000USD1,070,000USD
Issuance Of Capital Stock0USD22,317,000USD2,596,000USD39,575,000USD3,257,000USD0USD0USD0USD
Change In Cash-10,750,000USD9,170,000USD-9,582,000USD20,360,000USD-22,415,000USD-29,673,000USD-25,334,000USD-31,632,000USD
Begin Period Cash Flow55,812,000USD46,642,000USD56,224,000USD36,233,000USD58,648,000USD88,321,000USD113,655,000USD145,287,000USD
End Period Cash Flow45,062,000USD55,812,000USD46,642,000USD56,593,000USD36,233,000USD58,648,000USD88,321,000USD113,655,000USD
Other Cashflows From Investing Activities550,000USD———————
Unclassified Operating Cash Flow—-1,838,000USD-1,940,000USD—————
Investments——0USD0USD0USD-82,000USD-186,000USD-59,000USD
Other Cashflows From Financing Activities——1,968,000USD-3,000USD-5,000USD413,000USD69,000USD1,070,000USD
Unclassified Financing Cash Flow——-1,968,000USD—————
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Cash flow Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
Net Income-61,797,000USD-138,426,000USD-117,255,000USD-41,567,000USD-5,324,000USD-1,198,000USD
Depreciation1,409,000USD1,748,000USD1,515,000USD249,000USD132,000USD8,000USD
Stock Based Compensation9,520,000USD19,094,000USD14,131,000USD6,234,000USD322,000USD0USD
Other Non Cash Items-15,805,000USD2,838,000USD2,687,000USD1,220,000USD322,000USD98,000USD
Change In Working Capital-3,698,000USD-5,148,000USD2,330,000USD-1,574,000USD411,000USD-81,000USD
Total Cash From Operating Activities-70,371,000USD-119,894,000USD-96,592,000USD-35,438,000USD-4,459,000USD-1,279,000USD
Capital Expenditures0USD-362,000USD-3,370,000USD-3,171,000USD-51,000USD-51,000USD
Free Cash Flow-70,371,000USD-120,256,000USD-99,962,000USD-38,609,000USD-4,510,000USD-1,279,000USD
Investments0USD-362,000USD-2,220,000USD-30,184,000USD-51,000USD-30,184,000USD
Total Cash From Financing Activities67,904,000USD1,668,000USD163,798,000USD153,185,000USD65,965,999USD1,440,000USD
Issuance Of Capital Stock67,745,000USD0USD161,803,000USD152,753,000USD65,930,000USD1,440,000USD
Change In Cash-2,467,000USD-118,588,000USD64,986,000USD84,041,000USD61,456,000USD161,000USD
Begin Period Cash Flow58,648,000USD177,236,000USD112,250,000USD61,695,000USD239,000USD78,000USD
End Period Cash Flow56,181,000USD58,648,000USD177,236,000USD145,736,000USD61,695,000USD239,000USD
Total Cashflows From Investing Activities—-362,000USD-2,220,000USD-33,354,999USD-51,000USD-51,000USD
Other Cashflows From Investing Activities—-362,000USD—-30,184USD——
Other Cashflows From Financing Activities—1,668,000USD1,995,000USD153,185,000USD121,668,000USD1,440,000USD
Net Borrowings——0USD-36,000USD36,000USD36,000USD
Unclassified Investing Cash Flow——3,370,000USD——30,184,000USD
Change To Liabilities———640,000USD418,000USD-98,000USD
Sale Purchase Of Stock———153,221,000USD——
Cash And Cash Equivalents Changes———84,392,000USD——
Unclassified Financing Cash Flow———-153,185,000USD-121,668,001USD-1,476,000USD
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Operating metrics

No operating metrics are currently published for this company.

Revenue breakdown

No revenue breakdown is currently published for this company.

Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.