Inhibrx Biosciences Inc (INBX) AI Stock Analysis

• Market Cap: $1.16B
• Dividend Yield: N/A
• Average Volume (3M): 607.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.80
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 156
• Sector: General
• Sector Strength: N/A
• Industry: Biotechnology
• EPS (TTM): -2.28
• Shares Outstanding: 14,543,738
• 10 Day Avg. Volume: 333,197
• 30 Day Avg. Volume: 607,914
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.67
• Price to Sales (P/S): 1114.64
• P/FCF Ratio: -1.13
• Enterprise Value/Market Cap: 0.41
• Enterprise Value/Revenue: 339.37
• Enterprise Value/Gross Profit: -393.31
• Enterprise Value/Ebitda: -3.31
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: $100.00 ▲(25.68% Upside)

Inhibrx Biosciences Inc's overall stock score is driven by strong technical momentum and positive corporate events, particularly the promising ChonDRAgon study results. However, significant financial challenges and a weak valuation due to negative profitability weigh heavily on the score. The company's ability to capitalize on its recent clinical successes will be crucial for future performance.

Positive Factors

ChonDRAgon Study Results

The positive results from the ChonDRAgon study enhance Inhibrx's positioning in the oncology market, potentially leading to future revenue opportunities and improved market perception.

Product Pipeline

The promising interim data for other cancer indications suggest a robust pipeline, which could lead to multiple revenue streams and strengthen Inhibrx's market position.

Strategic Partnerships

Strategic partnerships provide necessary funding and potential revenue streams, supporting the development of Inhibrx's therapeutic candidates and enhancing its financial stability.

Negative Factors

High Leverage

High leverage poses a financial risk, as it increases the company's vulnerability to economic downturns and limits financial flexibility, impacting long-term stability.

Negative Cash Flow

Consistently negative cash flows indicate operational inefficiencies and limit the company's ability to reinvest or repay debt, threatening long-term sustainability.

Revenue Generation Challenges

Challenges in revenue generation and profitability suggest operational inefficiencies, which could hinder sustainable growth and financial health over the long term.

Inhibrx Biosciences Inc Business Overview & Revenue Model

Company Description

Inhibrx Biosciences Inc (INBX) is a clinical-stage biopharmaceutical company focused on developing innovative therapies for cancer and other serious diseases. The company specializes in the design and development of a new class of antibody-drug conjugates and bispecific antibodies that aim to improve treatment outcomes for patients with high unmet medical needs. Inhibrx's core products include its proprietary therapeutic candidates which are in various stages of clinical trials targeting specific cancer indications.

How the Company Makes Money

Inhibrx Biosciences generates revenue primarily through partnerships and collaborations with larger pharmaceutical companies, where it licenses its drug candidates in exchange for upfront payments, milestone payments, and royalties on future sales. These collaborations often provide the necessary funding for further development of its therapeutic candidates. Additionally, Inhibrx may receive grant funding or other financial support from governmental agencies or non-profit organizations aimed at advancing clinical research. As the company progresses its candidates through clinical trials and potentially toward commercialization, successful outcomes can lead to significant financial returns from both licensing agreements and eventual product sales.

Inhibrx Biosciences Inc Financial Statement Overview

Summary

Inhibrx Biosciences Inc presents a mixed financial picture with significant operational challenges. The income statement highlights issues with revenue generation and profitability, while the balance sheet indicates high leverage and potential solvency risks. Cash flow issues further exacerbate these concerns, despite some external financing support. Overall, the company needs to address these challenges to achieve a more stable financial footing.

Income Statement

Inhibrx Biosciences Inc has faced significant challenges in revenue generation, with a decline from previous years and a negative EBIT and EBITDA margin indicating operational inefficiencies. Although there is a notable spike in net income for 2024, this appears to be an anomaly and not reflective of consistent profitability. Overall, the company struggles with achieving a sustainable revenue growth trajectory.

Balance Sheet

The company has shown some improvement in stockholders' equity, yet it remains heavily leveraged with a debt-to-equity ratio indicating high financial risk. The equity ratio is low, suggesting that the company relies significantly on debt financing, which could be risky if revenue does not improve. The high liabilities relative to assets further highlight potential solvency concerns.

Cash Flow

Operating cash flows are consistently negative, reflecting ongoing operational challenges. The free cash flow position is also negative, indicating limited internal generation of cash for reinvestment or debt repayment. However, the company has managed to secure external financing, which has supported liquidity but raises concerns about long-term financial sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.40M	200.00K	1.80M	2.19M	7.13M	12.81M
Gross Profit	-1.21M	-2.08M	609.00K	-107.99M	4.44M	-60.69M
EBITDA	-143.47M	1.70B	-206.69M	-125.82M	-75.37M	-63.80M
Net Income	-155.09M	1.69B	-241.36M	-145.23M	-81.77M	-75.64M
Balance Sheet
Total Assets	177.47M	180.77M	307.89M	290.88M	150.45M	143.74M
Cash, Cash Equivalents and Short-Term Investments	153.09M	152.60M	277.92M	273.87M	131.30M	128.66M
Total Debt	6.99M	8.05M	210.14M	207.10M	72.14M	37.45M
Total Liabilities	140.64M	47.18M	264.39M	232.82M	98.07M	68.27M
Stockholders Equity	36.83M	133.58M	43.50M	58.06M	52.38M	75.47M
Cash Flow
Free Cash Flow	-143.44M	-197.01M	-197.90M	-115.99M	-81.19M	-49.33M
Operating Cash Flow	-143.39M	-194.41M	-193.31M	-115.30M	-80.32M	-47.97M
Investing Cash Flow	-44.00K	-2.60M	-4.59M	-686.00K	-809.00K	-1.36M
Financing Cash Flow	100.19M	71.68M	201.96M	258.55M	83.77M	166.46M

Inhibrx Biosciences Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 79.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INBX, the sentiment is Positive. The current price of 79.57 is below the 20-day moving average (MA) of 83.00, above the 50-day MA of 67.15, and above the 200-day MA of 30.66, indicating a neutral trend. The MACD of 3.60 indicates Positive momentum. The RSI at 46.42 is Neutral, neither overbought nor oversold. The STOCH value of 10.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INBX.

Inhibrx Biosciences Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTMX	66 Neutral	$709.93M	9.88	66.76%	―	-10.26%	144.62%
INBX	63 Neutral	$1.16B	-7.44	-144.07%	―	―	―
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
GLUE	52 Neutral	$1.06B	53.86	9.28%	―	1112.27%	―
PRTA	50 Neutral	$557.68M	-1.91	-67.63%	―	-91.16%	-112.24%
HUMA	42 Neutral	$245.33M	-4.94	―	―	―	82.23%
CADL	33 Underperform	$348.60M	-10.31	-70.17%	―	―	68.53%

Inhibrx Biosciences Inc Corporate Events

Inhibrx Biosciences Reports Positive ChonDRAgon Study Results

On October 23, 2025, Inhibrx Biosciences announced positive topline results from its ChonDRAgon study, showing that ozekibart significantly improved median progression-free survival in patients with advanced chondrosarcoma compared to placebo. This marks the first investigational therapy to demonstrate such benefits in this disease, which lacks approved systemic treatments. The company also reported promising interim data from expansion cohorts for colorectal cancer and Ewing sarcoma, indicating high response and disease control rates in heavily pretreated patients. Inhibrx plans to file a biologics license application with the FDA in the second quarter of 2026, potentially enhancing its positioning in the oncology market.