Home / Going-concern warnings / MUSTANG BIO, INC.

3/5MUSTANG BIO, INC. (MBIO): Going-concern doubt

Filed 2025-11-07 ยท Form 10-Q ยท Accession 0001104659-25-108468 nano

Market data

Price before filing: $1.26 (2025-11-06 close, split/dividend-adjusted)
Market cap at flag: $8.9M (2025-11-07) ยท Latest: $2.5M (2026-10-16)

What happened next

WindowMBIOSPYvs SPY
30 days-0.8%+2.0%-2.8%2025-12-08
90 days-43.5%+1.4%-44.9%2026-02-05
180 days-40.8%+10.1%-50.9%2026-05-06

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.

Verified excerpt

"You should carefully consider these risk factors, the risk factors described in Part II, Item 1A of this Quarterly Report on Form 10-Q (this "Form 10-Q"), and the other reports and documents that we have filed with the Securities and Exchange Commission. โ€‹ Risks Related to our Finances and Capital Requirements โ€‹ โ— We have incurred significant losses since our inception and anticipate that we will incur continued..."

Quoted from the filing. Source

What this means

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 2025-09-30)

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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