A company still losing money with shrinking sales. Institutions are adding.
Going well
Sales up 17% last year
Little debt
Watch out for
Sales down 100% in the latest quarter vs a year ago
Losing money, losses are large next to sales
Money moves
No insider buying or selling in the last 30 days
Institutions added 13% to their holdings in the quarter ending June 2026 (140 bought, 62 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$4.00+0.8% that day
Company value
$1.3B
Share price times all shares
Cash vs value
35%
A big cushion: cash is a large part of what the company is worth
Debt vs value
4%
Debt as a share of company value
From TSHA's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$0
Sep '23Tap a barJun '26
Last 12 months: $5.5M, down 32% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of TSHA. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$3M
Profit in 5 years$0M
Price these guesses point to$0.01-100% vs $4.00 todayAbout -67% a year, before dividends
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-68.5%
PassDebt under half of equityNot relying on borrowed money.0.20x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissProfitable every yearSteady profits, not one good year.0 of 6 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$93.8M
Revenue
$9.8M
+17.3% vs prior year
Total debt
$50.1M
0.20x equity
Current ratio
12.23x
short-term assets / bills due
Free cash flow
-$93.8M
-960.1% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 11
Revenue
$0
-100.0% YoY
EPS
-$0.13
vs -$0.09
Free cash flow
-$40.4M
Share count
+23.8%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
0.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+12.8%
Institutions added 12.8% to their holdings. 140 bought, 62 sold.
Shares held by institutions299.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+71.8%
Cash runwayAt last year's cash burn
59 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $49.3M debt
Shares outstandingLatest reported
326M
Why elevated risk
Losing money, losses are large next to sales
Share count growing 71.8% a year (dilution)
2 offering filings in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedAug 11
Results filedMay 6
Results filedMar 19
Results filedNov 4, 2025
Results filedAug 12, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days