LENZ LENZ Therapeutics, Inc. - Common Stock
$6.81
Price · May 20, 2026
Fundamentals as of May 11, 2026
52W Range
$7–$50
0% of range
Analyst Rating
STRONG BUY
13 analysts
Price Target
$32
+370% upside
P/E (TTM)
-5.6
ROE
-33.5%
Net Profit Margin
-430.2%
LENZ Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$6.80
Market Cap
$502M
P/E (TTM)
-5.6
EPS (TTM)
$-2.85
Revenue (TTM)
$19M
Div Yield
—
ROE
-33.5%
Debt/Equity
—
52W Range
$7 – $50
LENZ Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$19M
2024-12-31
→
2025-12-31
EPS
$-2.85
2021-12-31
→
2025-12-31
Free Cash Flow
$-70M
2021-12-31
→
2025-12-31
Margins
-430.2%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
LENZ
Peer Median
P/E (TTM)
-5.6
5.9
P/S (TTM)
26.3
13.3
P/B
1.8
1.9
Price / FCF
-7.2
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
LENZ
Peer Median
Operating Margin
-477.5%
—
Net Profit Margin
-430.2%
31.7%
ROA
-31.5%
-3.7%
ROE
-33.5%
-0.77%
ROIC
-32.2%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
LENZ
Peer Median
Current Ratio
14.2
8.8
Quick Ratio
1.2
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
LENZ
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
LENZ
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| March 22, 2024 | $7.2100 |
| March 15, 2024 | $7.2100 |
LENZ Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
13 analysts
- Strong Buy 6 46.2%
- Buy 6 46.2%
- Hold 1 7.7%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
Mean target
$32.00
+370.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-1.32 | $-1.09 | -0.23% |
| Dec. 31, 2025 | $-1.16 | $-0.99 | -0.17% |
| Sept. 30, 2025 | $-0.59 | $-0.72 | 0.13% |
| June 30, 2025 | $-0.51 | $-0.62 | 0.11% |
| March 31, 2025 | $-0.53 | $-0.56 | 0.03% |
| Dec. 31, 2024 | $-0.46 | $-0.42 | -0.04% |
Peer Comparison Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LENZ | $502M | -5.6 | — | -430.2% | -33.5% | — |
| CNTX | $135M | -3.9 | 112.7% | — | -50.5% | — |
| ORMP | $112M | 1.9 | -50.4% | 3202.5% | 37.0% | 0.65% |
| DERM | — | -16.4 | 10.2% | -18.5% | -44.7% | — |
| ANTX | $31M | -1.0 | — | — | -57.7% | — |
| PLYX | — | — | — | — | -193.7% | — |
| ASRT | $58M | -1.9 | -5.0% | -25.6% | -32.4% | — |
| LLY | — | 46.8 | 44.7% | 31.7% | 101.2% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Revenue | $19M | $0 | |
| Cost of Revenue | $418.0K | $0 | |
| R&D Expense | $19M | $30M | |
| SG&A Expense | $91M | $29M | |
| Operating Expenses | $110M | $59M | |
| Operating Income | $-91M | $-59M | |
| Interest Income | $10M | $9M | |
| Other Non-op | $-243.0K | $289.0K | |
| Pretax Income | $-82M | $-50M | |
| Income Tax | $502.0K | $1.0K | |
| Net Income | $-82M | $-50M | |
| EPS (Basic) | $-2.85 | $-2.34 | |
| EPS (Diluted) | $-2.85 | $-2.34 | |
| Shares (Basic) | 28,813,164 | 21,281,038 | |
| Shares (Diluted) | 28,813,164 | 21,281,038 | |
| EBITDA | $-91M | $-59M |
Balance Sheet 23
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Cash & Equivalents | $25M | $20M | |
| Receivables | $329.0K | $0 | |
| Inventory | $3M | $0 | |
| Prepaid Expense | $6M | $3M | |
| Current Assets | $301M | $212M | |
| PP&E (Net) | $1M | $651.0K | |
| PP&E (Gross) | $2M | $719.0K | |
| Accum. Depreciation | $355.0K | $68.0K | |
| Other Non-current Assets | $3M | $1M | |
| Total Assets | $306M | $215M | |
| Accounts Payable | $4M | $4M | |
| Accrued Liabilities | $17M | $6M | |
| Current Liabilities | $21M | $10M | |
| Capital Leases | $350.0K | $814.0K | |
| Other Non-current Liabilities | · | $0 | |
| Total Liabilities | $22M | $11M | |
| Common Stock | $1.0K | $1.0K | |
| Paid-in Capital | $511M | $349M | |
| Retained Earnings | $-227M | $-145M | |
| AOCI | $242.0K | $196.0K | |
| Stockholders' Equity | $284M | $204M | |
| Liabilities + Equity | $306M | $215M | |
| Shares Outstanding | 31,344,782 | 27,518,439 |
Cash Flow 13
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| D&A | $287.0K | $58.0K | |
| Stock-based Comp | $13M | $6M | |
| Deferred Tax | $0 | $0 | |
| Other Non-cash | $123.0K | $-16M | |
| Operating Cash Flow | $-69M | $-59M | |
| CapEx | $827.0K | $468.0K | |
| Investing Cash Flow | $-76M | $-154M | |
| Stock Issued | · | $80M | |
| Net Stock Activity | · | $80M | |
| Financing Cash Flow | $150M | $199M | |
| Net Change in Cash | $5M | $-15M | |
| Taxes Paid | $502.0K | · | |
| Free Cash Flow | $-70M | $-60M |
Profitability 7
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Operating Margin | -477.5% | · | |
| Net Margin | -430.2% | · | |
| Pretax Margin | -427.6% | · | |
| EBITDA Margin | -476.0% | · | |
| ROA | -31.5% | -34.8% | |
| ROE | -33.5% | -23.7% | |
| ROIC | -32.2% | -28.7% |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Current Ratio | 14.2 | 20.4 | |
| Quick Ratio | 1.2 | 1.9 |
Efficiency 3
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Asset Turnover | 0.1 | · | |
| Inventory Turnover | 0.3 | · | |
| Receivables Turnover | 116.0 | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Revenue TTM | $19M | $0 | |
| Net Income TTM | $-82M | $-50M | |
| Market Cap | $502M | $794M | |
| P/E | -5.6 | -12.3 | |
| P/S | 26.3 | · | |
| P/B | 1.8 | 3.9 | |
| P / Tangible Book | 1.8 | 3.9 | |
| P / Cash Flow | -7.3 | -13.4 | |
| P / FCF | -7.2 | -13.3 | |
| Earnings Yield | -17.8% | -8.1% |
Income Statement 16
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2M | $2M | $12M | $5M | $0 | $0 | $0 | $0 | |
| Cost of Revenue | $1M | · | · | · | $0 | · | · | · | |
| R&D Expense | $0 | $0 | $4M | $9M | $6M | $6M | $6M | $7M | |
| SG&A Expense | $45M | $40M | $28M | $13M | $11M | $9M | $6M | $7M | |
| Operating Expenses | $46M | $40M | $31M | $22M | $17M | $15M | $13M | $14M | |
| Operating Income | $-44M | $-38M | $-19M | $-17M | $-17M | $-15M | $-13M | $-14M | |
| Interest Income | $3M | $3M | $2M | $2M | $2M | $3M | $3M | $2M | |
| Other Non-op | $3.0K | $-417.0K | $-14.0K | $199.0K | $-11.0K | $8.0K | $-6.0K | $2M | |
| Pretax Income | · | $-36M | $-17M | $-14M | · | $-13M | $-10M | $-10M | |
| Income Tax | · | $2.0K | $0 | $500.0K | · | $1.0K | $0 | $0 | |
| Net Income | $-41M | $-36M | $-17M | $-15M | $-15M | $-13M | $-10M | $-10M | |
| EPS (Basic) | $-1.32 | $-1.20 | $-0.59 | $-0.53 | $-0.53 | $1.97 | $-0.38 | $-0.40 | |
| EPS (Diluted) | $-1.32 | $-1.20 | $-0.59 | $-0.53 | $-0.53 | $1.97 | $-0.38 | $-0.40 | |
| Shares (Basic) | 31,352,702 | -55,332,525 | 28,540,519 | 28,079,071 | 27,526,099 | -36,217,499 | 27,172,330 | 25,608,594 | |
| Shares (Diluted) | 31,352,702 | -55,332,525 | 28,540,519 | 28,079,071 | 27,526,099 | -36,217,499 | 27,172,330 | 25,608,594 | |
| EBITDA | $-44M | · | $-19M | $-17M | $-17M | · | $-13M | $-14M |
Balance Sheet 23
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $25M | $25M | $25M | $38M | $23M | $20M | $41M | $84M | |
| Receivables | $343.0K | $329.0K | · | · | · | $0 | · | · | |
| Inventory | $3M | $3M | $949.0K | · | · | $0 | · | · | |
| Prepaid Expense | $6M | $6M | $4M | $4M | $4M | $3M | $3M | $3M | |
| Current Assets | $268M | $301M | $207M | $214M | $198M | $212M | $221M | $199M | |
| PP&E (Net) | $1M | $1M | $1M | $1M | $926.0K | $651.0K | $372.0K | $164.0K | |
| PP&E (Gross) | · | $2M | · | · | · | $719.0K | · | · | |
| Accum. Depreciation | · | $355.0K | · | · | · | $68.0K | · | · | |
| Other Non-current Assets | $2M | $3M | $2M | $2M | $1M | $1M | $1M | $1M | |
| Total Assets | $273M | $306M | $211M | $217M | $201M | $215M | $224M | $203M | |
| Accounts Payable | $11M | $4M | $4M | $3M | $4M | $4M | $3M | $4M | |
| Accrued Liabilities | $15M | $17M | $12M | $8M | $5M | $6M | $5M | $4M | |
| Current Liabilities | $26M | $21M | $16M | $10M | $9M | $10M | $8M | $9M | |
| Capital Leases | $237.0K | $350.0K | $461.0K | $569.0K | $673.0K | $814.0K | $953.0K | $1M | |
| Other Non-current Liabilities | · | · | · | · | · | · | $64.0K | $83.0K | |
| Total Liabilities | $26M | $22M | $17M | $11M | $9M | $11M | $9M | $10M | |
| Common Stock | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $0 | $0 | |
| Paid-in Capital | $516M | $511M | $385M | $381M | $352M | $349M | $347M | $315M | |
| Retained Earnings | $-269M | $-227M | $-191M | $-175M | $-160M | $-145M | $-132M | $-122M | |
| AOCI | $-450.0K | $242.0K | $227.0K | $38.0K | $123.0K | $196.0K | $523.0K | $-62.0K | |
| Stockholders' Equity | $246M | $284M | $194M | $206M | $192M | $204M | $215M | $193M | |
| Liabilities + Equity | $273M | $306M | $211M | $217M | $201M | $215M | $224M | $203M | |
| Shares Outstanding | 31,354,394 | 31,344,782 | 28,588,261 | 28,500,122 | 27,535,663 | 27,518,439 | 27,480,634 | 25,845,671 |
Cash Flow 11
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|
| D&A | $111.0K | $107.0K | $125.0K | $19.0K | $36.0K | $25.0K | $10.0K | $18.0K | |
| Stock-based Comp | $4M | $4M | $3M | $3M | $3M | $2M | $2M | $2M | |
| Other Non-cash | $3M | · | · | · | $-4M | · | · | · | |
| Operating Cash Flow | $-34M | $-33M | $-9M | $-12M | $-16M | $-9M | $-11M | $-16M | |
| CapEx | $18.0K | $38.0K | $439.0K | $240.0K | $110.0K | $149.0K | $186.0K | $133.0K | |
| Investing Cash Flow | $33M | $-90M | $-4M | $-414.0K | $19M | $-12M | $-62M | $-98M | |
| Stock Issued | · | · | · | · | $0 | · | $30M | $-4M | |
| Net Stock Activity | · | · | · | · | $0 | · | · | · | |
| Financing Cash Flow | $14.0K | $123M | $598.0K | $26M | $44.0K | $53.0K | $30M | $-2M | |
| Net Change in Cash | $-407.0K | $-220.0K | $-12M | $15M | $3M | $-21M | $-43M | $-116M | |
| Free Cash Flow | $-34M | · | · | · | $-16M | · | · | · |
Profitability 7
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -2321.7% | · | -151.1% | -337.1% | · | · | · | · | |
| Net Margin | -2182.4% | · | -133.6% | -298.2% | · | · | · | · | |
| Pretax Margin | · | · | -133.6% | -288.2% | · | · | · | · | |
| EBITDA Margin | -2315.8% | · | -151.1% | -337.1% | · | · | · | · | |
| ROA | -17.5% | · | -7.7% | -7.1% | -7.0% | · | -4.2% | -4.2% | |
| ROE | -18.9% | · | -8.2% | -7.5% | -7.5% | · | -4.9% | -4.9% | |
| ROIC | · | · | -9.7% | -8.5% | · | · | · | · |
Liquidity & Solvency 2
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 10.4 | · | 12.7 | 20.5 | 23.1 | · | 28.6 | 23.2 | |
| Quick Ratio | 1.0 | · | 1.6 | 3.6 | 2.7 | · | 5.3 | 9.8 |
Efficiency 3
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | · | 0.1 | 0.0 | · | · | · | · | |
| Inventory Turnover | 0.6 | · | · | · | · | · | · | · | |
| Receivables Turnover | 11.1 | · | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $19M | · | · | · | · | · | · | · | |
| Net Income TTM | $-88M | · | $-56M | $-50M | $-52M | · | $-56M | $-61M | |
| Market Cap | $287M | · | $1.33B | $835M | $708M | · | $652M | $447M | |
| P/E | -3.1 | · | -22.9 | -15.9 | -5.3 | · | -1.7 | -0.8 | |
| P/S | 14.8 | · | · | · | · | · | · | · | |
| P/B | 1.2 | · | 6.9 | 4.0 | 3.7 | · | 3.0 | 2.3 | |
| P / Tangible Book | 1.2 | · | 6.9 | 4.0 | 3.7 | · | 3.0 | 2.3 | |
| P / Cash Flow | -8.5 | · | · | · | -44.1 | · | · | · | |
| P / FCF | -8.5 | · | · | · | -43.8 | · | · | · | |
| Earnings Yield | -32.5% | · | -4.4% | -6.3% | -18.8% | · | -58.7% | -121.9% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $19M | $0 | — | — | — |
| Operating Margin % | -477.5% | — | — | — | — |
| Net Income | $-82M | $-50M | $-70M | $-101M | $-71M |
| Diluted EPS | $-2.85 | $-2.34 | $-35.71 | $-1.84 | $-2.45 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 14.2 | 20.4 | 39.2 | — | 31.4 |
| Quick Ratio | 1.2 | 1.9 | 38.4 | — | 31.0 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-70M | $-60M | $-101M | — | $-59M |
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