Tango Therapeutics, Inc.

TNGX· Nasdaq· Pharmaceutical Preparations

Market cap
–
P/FCF
–
EV/Sales
–
FCF margin
-224.3%
ROIC, 5 yr avg
–
Revenue, 5 yr CAGR
+52.1%
We record prices for the companies we cover; TNGX is not one of them yet.

Company statistics

From the 10-Ks, computed in code · point at a figure for its formula

Profile · FY2025

Market cap
–
Enterprise value
–
Diluted shares
116.2M
Revenue
$62.4M
Free cash flow
-$139.9M
Owner earnings
-$166.4M

Valuation · FY2025

P/E
–
P/FCF
–
P/Owner earnings
–
EV/Sales
–
EV/FCF
–
P/B
–

Margins · FY2025

Gross
–
Operating
-178.4%
Net
-162.9%
Free cash flow
-224.3%
Owner earnings
-266.7%
Stock pay
42.4%

Returns

ROIC, FY2025
–
ROIC, 5 yr avg
–
ROE, FY2025
-29.3%
ROE, 5 yr avg
-39.0%

Growth (CAGR)

Revenue, 3 yr
35.9%
Revenue, 5 yr
52.1%
Diluted EPS, 3 yr
–
Diluted EPS, 5 yr
–
Free cash flow, 3 yr
–
Free cash flow, 5 yr
–

Financial health · FY2025

Cash and investments
$343.1M
Total debt
–
Net cash
–
Debt/Equity
–
Debt/FCF
–

Shareholder returns · FY2025

Dividend yield
–
Payout ratio
–
Buyback yield
–
Shareholder yield
–
Share count, 5 yr
–

Financials: ten years from the 10-Ks

Reported numbers open their filing · computed ones show the formula · ˢ split-adjusted

Revenue

$62.4M

+52.1% a year over 5 years

FY2020: Revenue $7.7MFY2021: Revenue $37.0MFY2022: Revenue $24.9MFY2023: Revenue $36.5MFY2024: Revenue $42.1MFY2025: Revenue $62.4M
FY2020FY2025

Margins

Operating-178.4%Net-162.9%

FY2025

FY2020: Operating -681.8%, Net -678.8%FY2021: Operating -157.1%, Net -157.2%FY2022: Operating -446.8%, Net -435.1%FY2023: Operating -312.6%, Net -278.5%FY2024: Operating -346.1%, Net -309.7%FY2025: Operating -178.4%, Net -162.9%
FY2020FY2025

Free cash flow and owner earnings

Free cash flow-$139.9MOwner earnings-$166.4M

FY2025

FY2020: Free cash flow $69.0M, Owner earnings $67.2MFY2021: Free cash flow -$61.4M, Owner earnings -$69.2MFY2022: Free cash flow -$116.8M, Owner earnings -$131.0MFY2023: Free cash flow -$119.5M, Owner earnings -$138.6MFY2024: Free cash flow -$132.3M, Owner earnings -$161.2MFY2025: Free cash flow -$139.9M, Owner earnings -$166.4M
FY2020FY2025

Diluted shares

116.2M

+87.0% over 5 years, net dilution

FY2020: Diluted shares –FY2021: Diluted shares 62.1MFY2022: Diluted shares 87.8MFY2023: Diluted shares 94.6MFY2024: Diluted shares 109.2MFY2025: Diluted shares 116.2M
FY2020FY2025

Every figure, year by year

Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
The business
Revenue$7.7M$37.0M$24.9M$36.5M$42.1M$62.4M
Revenue growth–383.8%-32.9%46.9%15.2%48.3%
Gross margin––––––
Operating margin-681.8%-157.1%-446.8%-312.6%-346.1%-178.4%
Net income-$52.0M-$58.2M-$108.2M-$101.7M-$130.3M-$101.6M
Net margin-678.8%-157.2%-435.1%-278.5%-309.7%-162.9%
Diluted EPS–$-0.94$-1.23$-1.08$-1.19$-0.87
Return on invested capital?––––––
Cash
Operating cash flow$70.1M-$59.5M-$109.1M-$118.0M-$131.5M-$138.9M
Capital expenditure$1.1M$1.8M$7.7M$1.5M$754.0K$1.0M
Free cash flow$69.0M-$61.4M-$116.8M-$119.5M-$132.3M-$139.9M
Stock-based compensation$1.8M$7.8M$14.2M$19.1M$28.9M$26.4M
Owner earnings?$67.2M-$69.2M-$131.0M-$138.6M-$161.2M-$166.4M
Free cash flow per share–$-0.99$-1.33$-1.26$-1.21$-1.20
Capital allocation
Dividends paid––––––
Share repurchases––––––
Diluted shares–62.1M87.8M94.6M109.2M116.2M
Share count change?––41.4%7.7%15.5%6.4%
Balance sheet
Cash and equivalents$28.4M$142.7M$60.0M$66.4M$69.5M$112.3M
Short-term investments$161.9M$342.5M$306.2M$270.5M$188.4M$230.9M
Total debt––––––
Net debt––––––
Shareholders' equity$38.6M$344.7M$249.5M$253.1M$199.5M$346.2M

Latest filings

All on EDGAR
2026-08-118-KEarnings release
2026-08-1110-QQuarterly report
2026-05-138-KEarnings release
2026-05-1310-QQuarterly report
2026-04-17DEF 14AProxy statement
2026-03-058-KEarnings release
2026-03-0510-KAnnual report
2026-01-088-KEarnings release
2025-11-048-KEarnings release
2025-11-0410-QQuarterly report

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