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Companies / Health Care / Crescent Biopharma, Inc.
CBIO

Crescent Biopharma, Inc.

Health CarePharmaceutical Preparations
Ticker CBIOWALTHAM, MAFiscal year ends DecemberBook value per share $2.53Diluted shares 64.5M

Crescent Biopharma, Inc. (Nasdaq: CBIO) is a clinical-stage biotechnology company developing antibody therapies for cancer. Its portfolio centers on CR-001, a bispecific antibody designed to target both PD-1 and VEGF, and antibody-drug conjugates (ADCs) that deliver cancer-killing payloads to tumor cells. The company… From the company’s description.

In fiscal 2025, Crescent Biopharma, Inc. reported revenue of $10.84M and a net loss of $153.94M. Operations used $71.53M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$10.84MFY2025
-1407.52%FY2025
$-153.94MFY2025
−306.4% year over year
Last 12 mo $-165.12M
-75.83%FY2025
Last 12 mo -101.14%
Cash & financing
$-71.53MFY2025
−130.0% year over year
Last 12 mo $-72.68M
$-72.45MFY2025
−132.9% year over year
Last 12 mo $-73.62M
0.00FY2025
—

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Crescent Biopharma, Inc. does

In the company’s own words

Crescent Biopharma, Inc. (Nasdaq: CBIO) is a clinical-stage biotechnology company developing antibody therapies for cancer. Its portfolio centers on CR-001, a bispecific antibody designed to target both PD-1 and VEGF, and antibody-drug conjugates (ADCs) that deliver cancer-killing payloads to tumor cells. The company plans to develop these candidates as standalone treatments and in combinations, including CR-001 with ADCs. Its lead program, CR-001, entered a global Phase 1/2 trial in 2026 for multiple solid tumors; its ADC candidates include CR-002, which targets PD-L1, and CR-003, which targets integrin beta-6. Crescent’s development priorities include thoracic, gastrointestinal and gynecologic cancers, among other solid tumors. The company has no reportable business segments described in its business overview. Crescent was formerly GlycoMimetics and became Crescent Biopharma through a 2025 reverse recapitalization with a private company established in 2024. Its website is https://crescentbiopharma.com.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
WALTHAM, MA
Fiscal year end
December
CIK
1253689
SIC
2834

Financial performance, year by year

Fiscal 2014–2025 · USD
$-183.64M$-128.09M$-72.53M$-16.97M$38.59M201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Crescent Biopharma, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

10
funds hold it
0 of 35
superinvestors hold it
$14.38M
held by funds, at market
2.1%
of shares held by funds

Largest fund holders · Crescent Biopharma, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Avantis U.S. Small Cap Equity ETF
AVSC · American Century ETF Trust
—of fund net assets
VANGUARD BALANCED INDEX FUND
VBINX · VANGUARD VALLEY FORGE FUNDS
0.00%of fund net assets
VANGUARD INSTITUTIONAL TOTAL STOCK MARKET INDEX FUND
VITNX · VANGUARD INSTITUTIONAL INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Crescent Biopharma, Inc. and its peers compare on margins and cash generation over ten years?”
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