WHWK · NASDAQ · Biotechnology

Whitehawk Therapeutics (WHWK)

Develops in-licensed antibody-drug conjugates for cancer treatment.

$3.85
vs last close−0.19 (−4.83%)
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Whitehawk Therapeutics IncWHWK
Health Care

Develops three in-licensed ADC candidates for cancer treatment: PTK7-targeted HWK-007, MUC16-targeted HWK-016, and SEZ6-targeted HWK-206. Having sold FYARRO, it is focused on clinical development, with progress tied to FDA clearance, trial execution, and manufacturing.

Develops antibody-drug conjugates, or ADCs, for cancer treatment. Its portfolio includes PTK7-targeted HWK-007, MUC16-targeted HWK-016, and SEZ6-targeted HWK-206, all in-licensed from WuXi Biologics. The candidates address established tumor targets under a global development and commercialization license from WuXi Biologics.

HWK-007 and HWK-016 are in actively recruiting Phase 1 trials, while HWK-206 was expected to enter IND review in mid-2026. After selling the FYARRO business, it focuses on clinical development rather than commercial operations.

The operating model depends on FDA clearance, trial execution, and manufacturing and IND-enabling studies proceeding on schedule.

Company facts

CEODavid J. Lennon, Ph.D.
ListedMar 19, 2025
ExchangeNASDAQ
HeadquartersMorristown, NJ
CountryUnited States
Employees19
CIK0001422142
ISINUS00032Q1040

Market cap$230.3M
EPS (ttm)−$1.12
P/E (ttm)−3.61
ROE-53.9%
P/B1.26
P/S
Dividend yieldDiv yield
Beta1.59vs XLV 0.23

No analyst consensus on record.

Next report
Nov 5, 26
in 43 days
EPS estimate
−$0.27
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.67$1.83−$0.76−$0.26−$0.34−$0.32−$0.20Pending
Estimate−$0.30−$0.46$0.49−$0.51−$0.55−$0.36−$0.30−$0.27
Surprise−127.1%+497.8%−255.1%+49.0%+38.2%+11.1%+32.4%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$7.2M$7.1MPending
Estimate$7.4M$50.0M$50.0M$25.0M−$350.0K
Surprise−2.6%−85.7%
Estimate−$0.27
ReportedDue Nov 5, 2026
Estimate
ReportedDue Nov 5, 2026
View details

Debt to equity0.00%
Current ratio1,738.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$7.2M$7.2M$7.1M$0$0$0$0$0
Net income−$12.5M−$18.3M$73.0M−$52.6M−$17.7M−$23.3M−$22.2M−$16.6M
Net margin0.0%0.0%1,021.9%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$13.4M−$18.9M−$15.2M−$54.7M−$19.5M−$24.9M−$23.5M−$18.1M
YoY growthLoss narrowedLoss widenedLoss narrowedLoss widenedLoss widenedLoss widenedLoss widenedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $190.0M · Total debt $0 · Total assets $194.0M · Shareholders' equity $182.9M

Revenue
$0
Operating income
−$18.1M
Net income
−$16.6M
View details

No dividends on record.

Insiders2.89%1.65M shares
5 holders · as of May 18, 2026
Strategic holders8.29%4.73M shares
1 holder · as of Mar 11, 2025
Other88.82%50.64M shares
remainder

57.01M company shares as of Aug 21, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Suvretta Capital Management, LLCStrategic
8.29%4.73Mfiled Mar 11, 2025
OrbiMed Advisors LLCInstitution
7.31%4.17Mfiled May 15, 2025
Coastlands Capital LPInstitution
4.95%2.82Mfiled Aug 25, 2025
David James LennonInsiderdirector, officer: CHIEF EXECUTIVE OFFICER
1.00%569,643filed May 18, 2026
Bryan BallInsiderofficer: See remarks
0.79%448,126filed May 18, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Apr 16, 2026Scott M. Giacobelloofficer: CHIEF FINANCIAL OFFICER−141,600$4.13
Apr 15, 2026Scott M. Giacobelloofficer: CHIEF FINANCIAL OFFICER−77,000$3.86
Apr 14, 2026Bryan Ballofficer: See remarks−92,460$3.64
Apr 13, 2026Bryan Ballofficer: See remarks−26,389$3.46
Apr 10, 2026Bryan Ballofficer: See remarks−6,596$3.43
View details

  • Eli Lilly

    Phase 1 PTK7 ADC rival in lung and endometrial cancer

  • ArriVent BioPharma

    IND-cleared MUC16/NaPi2b ADC rival in ovarian and endometrial cancer

  • AbbVie

    Clinical-stage SEZ6 ADC rival for small-cell lung cancer

  • Regeneron

    MUC16-targeted immunotherapy rival in ovarian cancer

Compare

CompanyPriceChange
Whitehawk Therapeutics$3.85−4.83%$230.3M
Eli Lilly$1,156.36−1.18%$1.10T39.328.313.8+47.7%
ArriVent BioPharma$30.32+0.00%$1.41B
AbbVie$265.20−0.01%$468.77B74.817.57.3+10.2%
Regeneron$802.87−0.13%$82.82B19.913.35.3+16.7%
Median39.317.57.3+16.7%