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Sana Biotechnology, Inc.

SANAHealthcareNASDAQ

Biotechnology · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$0
Net Income
-$244.2M
+8.5% YoY
EBITDA
-$193.0M
+24.4% YoY
Free Cash Flow
-$29.7M

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About Sana Biotechnology, Inc.

Sana Biotechnology, Inc., a biotechnology company, focuses on utilizing engineered cells as medicines in the United States. The $901.7M market capitalization puts SANA squarely in small-cap range for its industry. It develops ex vivo and in vivo cell engineering platforms for various therapeutic areas with unmet treatment needs, including type 1 diabetes, B cell mediated autoimmune diseases, and oncology.

Key stats
Market Cap$901.7M
Fwd P/E-6.02
EPS$-0.92
Beta2.18
52W Change+39.7%
ROE-147.4%
Analysis

With $101.1M in cash and $82.6M in debt, SANA maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Free cash flow is running at -$29.7M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -147.4% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity.

With a beta above 1.5, SANA tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing SANA.

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