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INAB · NASDAQ · Biotechnology

IN8bio (INAB)

Develops gamma-delta T-cell therapies and engagers for cancer and autoimmune disease.

$1.14
vs last close+0.08 (+7.78%)
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IN8bio, Inc.INAB
Health Care

Develops gamma-delta T-cell therapies and engagers for leukemia, glioblastoma, oncology, and B-cell-driven autoimmune disease. The development-stage company has no approved products or product revenue and depends on clinical progress, regulatory approval, manufacturing partners, licensed intellectual property, and financing.

Develops expanded and genetically engineered gamma-delta T-cell therapies and T-cell engagers through the DeltEx platform. Clinical programs include donor-derived INB-100 after transplant for high-risk leukemia and INB-200, an autologous cell therapy delivered with standard care for newly diagnosed glioblastoma. INB-619 is a preclinical CD19-directed engager for oncology and B-cell-driven autoimmune applications.

Operates from New York with primary research operations in Birmingham and conducts U.S. clinical work through academic centers. Its work centers on gamma-delta T-cell expansion, engineering, and manufacturing, while the company relies on contract manufacturers, licensed university intellectual property, regulatory clearance, and external financing. It has no approved or marketed products and reports a single operating segment.

Company facts

CEOWilliam Ho
ListedJul 30, 2021
ExchangeNASDAQ
HeadquartersNew York, NY
CountryUnited States
Employees17
CIK0001740279
ISINUS45674E2081

Market cap$10.2M
EPS (ttm)−$1.87
P/E (ttm)−0.5668
ROE-91.2%
P/B0.5536
P/S
Dividend yieldDiv yield
Beta1.53vs XLV 0.35

Price target$4.00+277.4%Average of 4 analysts
ConsensusBuy3 of 4 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Oct 13, 2025Mizuho SecuritiesTarget
Target:
Target: $4
Feb 11, 2025Jones TradingUpgrade
Rating: Hold
Rating: Buy

Next report
Nov 5, 26
estimated · in 44 days
EPS estimate
−$0.34
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$1.20−$2.10−$1.24−$0.85−$0.26−$0.26−$0.25Pending
Estimate−$0.07−$1.80−$1.50−$1.20−$0.18−$0.59−$0.34−$0.34
Surprise−1,614.3%−16.7%+17.3%+29.2%−44.4%+55.9%+27.3%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
ReportedPending
Estimate$5.8M$16.0M
Surprise
Estimate−$0.34
ReportedDue Nov 5, 2026
Estimate
ReportedDue Nov 5, 2026
View details

Debt to equity11.90%
Current ratio820.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$7.1M−$6.2M−$5.6M−$5.1M−$3.9M−$4.9M−$5.1M−$4.8M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$7.1M−$6.2M−$5.6M−$5.1M−$3.9M−$4.9M−$5.3M−$4.8M
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $18.0M · Total debt $2.2M · Total assets $21.7M · Shareholders' equity $18.4M

Revenue
$0
Operating income
−$4.8M
Net income
−$4.8M
View details

No dividends on record.

Institutions38.44%3.79M shares
21 holders · as of Jun 30, 2026
Insiders12.87%1.27M shares
6 holders · as of Mar 2, 2026
Other48.69%4.80M shares
remainder

9.86M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Lytton Laurence W.Insider
9.98%984,031filed Mar 2, 2026
Alyeska Investment Group, L.P.Institution
9.58%944,319as of Jun 30, 2026
Franklin Resources IncInstitution
9.28%914,531as of Jun 30, 2026
683 Capital Management, LLCInstitution
7.35%724,637as of Jun 30, 2026
Stonepine Capital Management, LLCInstitution
7.05%695,287as of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • Adicet Bio

    Allogeneic gamma-delta CAR-T programs overlap in B-cell depletion.

  • CytoMed Therapeutics

    Donor-derived gamma-delta cell programs overlap in AML and solid tumors.

  • Amgen

    Approved CD19 T-cell engagement benchmarks the preclinical engager.

  • Senti Biosciences

    Off-the-shelf CAR-NK therapy contests the AML cell-therapy setting.

  • Genmab (ADR)

    Subcutaneous CD20 T-cell engagement overlaps in B-cell malignancies.

  • Century Therapeutics

    Allogeneic CD19 CAR-iT development overlaps with the engager program.

  • Immatics

    Allogeneic gamma-delta and T-cell-engager platforms overlap in solid tumors.

Compare

CompanyPriceChange
IN8bio$1.14+7.78%$10.2M
Adicet Bio$9.28+3.92%$83.5M
CytoMed Therapeutics$0.9099−6.20%$11.5M+30.5%
Amgen$409.34+4.11%$212.19B24.417.45.6+9.7%
Senti Biosciences$0.3250+4.84%$9.7M175.5
Genmab (ADR)$35.21+1.48%$21.30B27.326.95.2+24.9%
Century Therapeutics$1.91+3.24%$160.2M
Immatics$8.87+1.66%$1.17B24.5+113.0%
Median25.922.215.0+27.7%