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Companies / Healthcare / Surrozen, Inc.
SRZN

Surrozen, Inc.

HealthcareBiological Products
Ticker SRZNSOUTH SAN FRANCISCO, CAFiscal year ends DecemberBook value per share $-19.34Diluted shares 11.3M

Surrozen, Inc. (Nasdaq: SRZN) is a biotechnology company focused on discovering and developing product candidates that selectively modulate the Wnt pathway, a critical mediator of tissue repair. Based in South San Francisco, California, the company is committed to transforming the treatment of serious ophthalmic… 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
$3.48M
−67.4% year over year
Last 12 mo $11.51M
-1210.58%
−970.9 percentage points
Last 12 mo -385.28%
$-242.03M
−280.8% year over year
Last 12 mo $-332.13M
128.90%
−168.4 percentage points
Last 12 mo 151.89%
Cash & financing
$-30.24M
−71.6% year over year
Last 12 mo $-34.76M
$-30.37M
−72.0% year over year
Last 12 mo $-34.98M
—
7.5M
+155.0% year over year
Last 12 mo 11.3M

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 Surrozen, Inc. does

In the company’s own words

Surrozen, Inc. (Nasdaq: SRZN) is a biotechnology company focused on discovering and developing product candidates that selectively modulate the Wnt pathway, a critical mediator of tissue repair. Based in South San Francisco, California, the company is committed to transforming the treatment of serious ophthalmic diseases by harnessing the therapeutic potential of Wnt signaling in a tissue-selective manner.

The company's scientific foundation rests on groundbreaking work by its founders and scientific advisors, including Dr. Roel Nusse and Dr. Harold Varmus, who discovered the first Wnt gene in 1982. Building on these seminal discoveries, Surrozen has developed proprietary antibody engineering technologies, particularly its SWAP (Surrozen Wnt signal Activating Protein) platform, which enables the design of potent, selective, and manufacturable Wnt mimetics that overcome previous limitations in targeting the Wnt pathway.

Surrozen's lead product candidates are multi-specific, antibody-based therapeutics designed to activate Wnt signaling in diseased tissue. SZN-8141 combines Fzd4 agonism with VEGF antagonism for treating diabetic macular edema and neovascular age-related macular degeneration. SZN-8143 adds IL-6 antagonism to address diabetic macular edema, wet AMD, and uveitic macular edema. The company anticipates submitting an IND application for SZN-8141 in the second half of 2026.

Beyond its internal pipeline, Surrozen has established strategic partnerships to maximize the potential of its platform. In October 2022, the company executed a collaboration and license agreement with Boehringer Ingelheim to research, develop, and commercialize Fzd4 bi-specific antibodies, including SZN-413. This partnership has generated milestone payments, with Boehringer Ingelheim achieving a research milestone in March 2026 entitling Surrozen to a five million dollar payment.

The company also maintains a research collaboration with TCGFB, Inc., focusing on antibody therapeutics targeting transforming growth factor beta for idiopathic pulmonary fibrosis treatment. Additionally, Surrozen holds exclusive licenses to Wnt-related technology from Stanford University, with patent protection extending through 2035 and 2037.

Surrozen operates as a smaller reporting company and emerging growth company, with its research and development organization led by world-class scientists and supported by key thought leaders on its Scientific Advisory Board.

Company details
Sector
Healthcare
Industry
Biological Products
Headquarters
SOUTH SAN FRANCISCO, CA
Fiscal year end
December
CIK
1824893
SIC
2836

Financial performance, year by year

Fiscal 2021–2025 · USD
$-366.59M$-263.20M$-159.82M$-56.43M$46.96M20212022202320242025Last 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 Surrozen, Inc. — and what changed

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

47
funds hold it
0 of 35
superinvestors hold it
$19.66M
held by funds, at market
6.4%
of shares held by funds

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

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.01%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
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”.

Could not be determined for this company: bond issues.

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

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