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Companies / Health Care / Instil Bio, Inc.
TIL

Instil Bio, Inc.

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

Instil Bio, Inc. (Nasdaq: TIL) is a biotechnology company focused on identifying and advancing therapeutic opportunities. It is currently seeking to in-license or acquire novel therapeutic candidates for diseases with significant unmet medical need and does not have a product candidate in active development. In… From the company’s description.

In fiscal 2025, Instil Bio, Inc. reported revenue of $8.97M, up 110.2% from fiscal 2024, and a net loss of $71.37M. Its operating margin was −876.2%, and operations used $36.62M in cash. Over the twelve months to Jun 30, 2026, revenue was $8.97M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$8.97MFY2025
+110.2% year over year
Last 12 mo $8.97M
-876.24%FY2025
+847.2 percentage points
Last 12 mo -414.47%
$-71.37MFY2025
+3.7% year over year
Last 12 mo $-30.28M
-62.68%FY2025
−18.9 percentage points
Last 12 mo -28.20%
Cash & financing
$-36.62MFY2025
+34.3% year over year
Last 12 mo $-23.61M
$-36.62MFY2025
+34.3% year over year
Last 12 mo $-23.61M
0.74FY2025
Was 0.50× a year earlier
Last 12 mo 0.79
6.7MFY2025
+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

Instil Bio, Inc. (Nasdaq: TIL) is a biotechnology company focused on identifying and advancing therapeutic opportunities. It is currently seeking to in-license or acquire novel therapeutic candidates for diseases with significant unmet medical need and does not have a product candidate in active development. In January 2026, its wholly owned subsidiary Axion Bio discontinued development of AXN-2510, a bispecific antibody targeting programmed death-ligand 1 and vascular endothelial growth factors for solid tumors; the license and collaboration agreement for the candidate was terminated that month. Before pursuing AXN-2510, Instil focused on cell therapies, including its proprietary folate receptor alpha CoStAR tumor-infiltrating lymphocyte therapy for cancer. The company’s strategy centers on potential acquisitions and licensing arrangements rather than commercial products or services. Its business is organized around the biotechnology company’s therapeutic opportunity sourcing and development activities, with no reportable segments described here. The filing text provided does not state a corporate website.

Company details
Sector
Health Care
Industry (SIC)
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
—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.

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