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Companies / Healthcare / Tempest Therapeutics, Inc.
TPST

Tempest Therapeutics, Inc.

HealthcarePharmaceutical Preparations
Ticker TPSTBRISBANE, CAFiscal year ends DecemberBook value per share $-0.08Diluted shares 13.1M

Tempest Therapeutics, Inc. (Nasdaq: TMST) is a clinical-stage biotechnology company focused on developing innovative cell therapy and small molecule product candidates to address high unmet medical needs in oncology and immunology. The company's website is www.tempesttherapeutics.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
—
0.00%
$-26.26M
+37.2% year over year
Last 12 mo $-40.47M
-393.85%
−175.1 percentage points
Last 12 mo 3713.03%
Cash & financing
$-26.82M
+18.8% year over year
Last 12 mo $-20.73M
$-26.82M
+19.8% year over year
Last 12 mo $-20.73M
0.00
Was 0.33× a year earlier
4.1M
−85.1% year over year
Last 12 mo 13.1M

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 Tempest Therapeutics, Inc. does

In the company’s own words

Tempest Therapeutics, Inc. (Nasdaq: TMST) is a clinical-stage biotechnology company focused on developing innovative cell therapy and small molecule product candidates to address high unmet medical needs in oncology and immunology. The company's website is www.tempesttherapeutics.com.

In February 2026, Tempest expanded its pipeline through a strategic acquisition of dual-targeting chimeric antigen receptor T-cell (CAR-T) programs from Erigen LLC and Factor Bioscience Inc., significantly broadening its therapeutic portfolio. The company's lead cell therapy candidate, TPST-2003, is an autologous dual-targeting CAR-T therapy directed against CD19 and BCMA currently in clinical development for relapsed or refractory multiple myeloma. Clinical data as of January 2026 demonstrated a 100 percent complete response rate among evaluable patients in the REDEEM-1 Phase 1/2a trial, with a favorable safety profile including no Grade 3 or higher cytokine release syndrome.

Tempest's pipeline also includes TPST-2206, a dual-targeting CD70/CD70 CAR-T for solid tumors, alongside allogeneic programs TPST-3003 and TPST-3206, and an in vivo CAR-T program, TPST-4003, designed for immunology indications including lupus. These programs leverage a proprietary parallel dual-targeting CAR architecture intended to reduce tumor escape through antigen loss and improve targeting of heterogeneous tumor populations.

In small molecules, the company's lead candidate amezalpat (previously TPST-1120) is a selective peroxisome proliferator-activated receptor alpha antagonist that completed a Phase 1b/2 study in first-line hepatocellular carcinoma, demonstrating a six-month median overall survival improvement. The company received FDA Fast Track Designation and Orphan Drug Designation for amezalpat in 2025. TPST-1495, a dual EP2/EP4 prostaglandin receptor antagonist, is positioned to enter Phase 2 development in familial adenomatous polyposis with National Cancer Institute funding through the Cancer Prevention Clinical Trials Network.

Tempest operates as a smaller reporting company and employs a capital-efficient development strategy emphasizing partner-funded clinical trials and staged investment decisions based on clinical data generation. The company maintains exclusive worldwide rights to its small molecule programs outside certain territories and has established strategic partnerships with Novatim Immune Therapeutics and Factor Bioscience to advance its CAR-T portfolio.

Company details
Sector
Healthcare
Industry
Pharmaceutical Preparations
Headquarters
BRISBANE, CA
Fiscal year end
December
CIK
1544227
SIC
2834

Financial performance, year by year

Fiscal 2013–2025 · USD
$-90.55M$-65.68M$-40.80M$-15.93M$8.94M2013201420152016201720182019202020212022202320242025Last 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 Tempest Therapeutics, Inc. — and what changed

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

7
funds hold it
0 of 35
superinvestors hold it
$0.38M
held by funds, at market
1.9%
of shares held by funds

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

VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · 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
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
0.00%of fund net assets
Fidelity Total Market Index Fund
FSKAX · 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”.

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

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