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Companies / Healthcare / Instil Bio, Inc.
TIL

Instil Bio, Inc.

HealthcareBiological Products
Ticker TILDALLAS, TXFiscal year ends DecemberBook value per share $15.83Diluted shares 6.8M

Axion Bio, Inc. (Nasdaq: AXBIO) is a biotechnology company focused on identifying and advancing innovative therapeutic opportunities in diseases with significant unmet medical need. The company operates through its wholly owned subsidiary, Axion Bio, Inc., and maintains its corporate presence at www.axionbio.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$8.97M
+110.2% year over year
Last 12 mo $8.97M
-876.24%
+847.2 percentage points
Last 12 mo -414.47%
$-71.37M
+3.7% year over year
Last 12 mo $-30.28M
-62.68%
−18.9 percentage points
Last 12 mo -28.20%
Cash & financing
$-36.62M
+34.3% year over year
Last 12 mo $-23.61M
$-36.62M
+34.3% year over year
Last 12 mo $-23.61M
0.74
Was 0.50× a year earlier
Last 12 mo 0.79
6.7M
+2.4% year over year
Last 12 mo 6.8M

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 Instil Bio, Inc. does

In the company’s own words

Axion Bio, Inc. (Nasdaq: AXBIO) is a biotechnology company focused on identifying and advancing innovative therapeutic opportunities in diseases with significant unmet medical need. The company operates through its wholly owned subsidiary, Axion Bio, Inc., and maintains its corporate presence at www.axionbio.com.

The company's strategic focus centers on pursuing potential acquisitions or in-licensing of therapeutic candidates to build a pipeline of novel treatments. Historically, Axion Bio's development efforts concentrated on cell therapies, including a proprietary folate receptor alpha co-stimulatory antigen receptor tumor infiltrating lymphocyte cell therapy platform designed for cancer treatment. In August 2024, the company in-licensed AXN-2510, a bispecific antibody targeting programmed death-ligand 1 and vascular endothelial growth factors for solid tumor cancers from ImmuneOnco Biopharmaceuticals (Shanghai) Inc. However, in January 2026, the company announced the discontinuation of AXN-2510 development and terminated its license and collaboration agreement with ImmuneOnco, leaving the company without an active product candidate in development.

As a clinical-stage biotechnology company, Axion Bio currently does not generate product revenue and operates as a development-focused entity. The company has incurred significant losses since inception and identified substantial doubt regarding its ability to continue as a going concern. Management expects ongoing losses for the foreseeable future and anticipates the need for substantial additional funding to meet financial obligations and pursue business objectives.

The company operates in a highly competitive biotechnology and pharmaceutical landscape characterized by rapid technological evolution and intense competition for intellectual property, talent, and clinical trial resources. Axion Bio faces competition from major pharmaceutical companies, specialty pharmaceutical firms, and emerging biotechnology enterprises, many possessing significantly greater financial resources and expertise in research and development, manufacturing, regulatory affairs, and commercialization.

The company's commercial success will depend substantially on its ability to identify and acquire promising therapeutic candidates, obtain and maintain robust patent protection, navigate complex regulatory approval processes with the FDA and international authorities, and ultimately develop and commercialize approved products. Axion Bio's strategy emphasizes leveraging its experience and approach to identify acquisition and in-licensing opportunities that address significant therapeutic gaps in oncology and other disease areas.

Company details
Sector
Healthcare
Industry
Biological Products
Headquarters
DALLAS, TX
Fiscal year end
December
CIK
1789769
SIC
2836

Financial performance, year by year

Fiscal 2021–2025 · USD
$-246.39M$-176.75M$-107.10M$-37.46M$32.18M20212022202320242025Last 12 moLast 12 monthsLast 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 Instil Bio, Inc. — and what changed

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

20
funds hold it
0 of 35
superinvestors hold it
$2.30M
held by funds, at market
4.4%
of shares held by funds

Largest fund holders · Instil Bio, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Nomura Healthcare Fund
DLHAX · Delaware Group Equity Funds IV
0.05%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.01%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

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