Tectonic Therapeutic, Inc.
Tectonic Therapeutics, Inc. (Nasdaq: TCTX) is a clinical-stage biotechnology company focused on discovering and developing therapeutic proteins and antibodies that modulate G-protein coupled receptors, or GPCRs. The company operates through its proprietary GEODe™ (GPCRs Engineered for Optimal Discovery) technology… From the company’s description.
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 Tectonic Therapeutic, Inc. does
In the company’s own words
Tectonic Therapeutics, Inc. (Nasdaq: TCTX) is a clinical-stage biotechnology company focused on discovering and developing therapeutic proteins and antibodies that modulate G-protein coupled receptors, or GPCRs. The company operates through its proprietary GEODe™ (GPCRs Engineered for Optimal Discovery) technology platform, which addresses the historical challenges of developing biologic drugs targeting GPCRs by stabilizing pharmacologically relevant receptor conformations, increasing cell surface expression, and enabling large-scale purification for antibody selection.
The company's lead asset, TX45, is an Fc-relaxin fusion molecule in development for Group 2 pulmonary hypertension associated with heart failure with preserved ejection fraction and Group 3 pulmonary hypertension associated with interstitial lung disease. TX45 completed a Phase 1a trial in healthy volunteers and a Phase 1b trial in patients with pulmonary hypertension, with an ongoing Phase 2 APEX trial expected to report topline results in 2026. The company's second product candidate, TX2100, is a VHH-Fc fusion antagonist antibody targeting the APJ receptor for hereditary hemorrhagic telangiectasia, a rare genetic bleeding disorder. TX2100 entered Phase 1a clinical trials in February 2026. A third development program focuses on a bispecific GPCR modulator for fibrotic diseases.
Tectonic's technology platform originated from work conducted at Harvard Medical School, with the company having licensed certain patent rights and technology from Harvard College. The company relies on third-party contract development and manufacturing organizations, including WuXi Biologics, for production of its product candidates. The company has assembled a team with expertise in membrane protein biochemistry, protein engineering, and structural biology to advance its pipeline.
The biotechnology industry is highly competitive, with Tectonic facing competition from major pharmaceutical companies, specialty pharmaceutical firms, and emerging biotechnology companies. The company differentiates itself through its focus on biologic drugs targeting GPCRs and its specialized expertise in GPCR membrane protein biochemistry. As a clinical-stage company, Tectonic has not yet established commercial operations or distribution capabilities. More information about the company is available at www.tectonictherapeutics.com.
Company details
- Sector
- Healthcare
- Industry
- Biological Products
- Headquarters
- WATERTOWN, MA
- Fiscal year end
- December
- CIK
- 1681087
- SIC
- 2836
Financial performance, year by year
Fiscal 2018–2025 · USDThe 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.
Who owns Tectonic Therapeutic, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Tectonic Therapeutic, Inc.’s weight in each
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.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
Compare this company with peers, find it in your funds and follow its financial history with your connected AI:
- “How do Tectonic Therapeutic, Inc. and its peers compare on margins and cash generation over ten years?”
- “Where did five years of Tectonic Therapeutic, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
- “What changed in Tectonic Therapeutic, Inc.'s last four quarterly filings that the numbers alone won't show?”
