Home / Going-concern warnings / Sana Biotechnology, Inc.
Filed 2025-05-08 路 Form 10-Q 路 Accession 0000950170-25-066943 small
Price before filing: $1.7 (2025-05-07 close, split/dividend-adjusted)
Market cap at flag: $431.5M (2025-05-08) 路 Latest: $671.2M (2026-10-16)
| Window | SANA | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +66.5% | +6.9% | +59.6% | 2025-06-09 |
| 90 days | +150.0% | +13.1% | +136.9% | 2025-08-06 |
| 180 days | +144.1% | +21.0% | +123.1% | 2025-11-04 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-07 to 2025-06-07. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Risks Related to Our Limited Operating History, Financial Condition, and Need for Additional Capital There is substantial doubt as to our ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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