Tscan Therapeutics Inc logo

Tscan Therapeutics Inc(TCRX)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$0.31
09/18/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for TCRX

09/18/2026: TCRX (1-star) is currently NOT-A-BUY. Pass it for now.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Analysis of Past Performance

Type Stock
Historic Profit -80.71%
Avg. Invested days 17
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/18/2026

Upturn Scorecard

Upturn Star Rating

TCRX receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

TCRX has moderate overall fundamentals (3 stars), with soft financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong revenue growth (+266.7%) is partially offset by slightly negative earnings growth (-1.8%), soft cash generation (FCF margin -1353.3%), soft profitability (net margin -1256.8%).

Financial Health Rating

TCRX's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 60.5%). Cash strength is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

Revenue growth is TCRX's strongest growth driver at +266.7% FY2025 versus FY2024 (strong, 5 stars). By comparison, while earnings growth (-1.8%, slightly negative) and free-cash-flow growth (-21.9%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 62.4% and approximately 94.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.19%, which materially reduces the ownership score.

Top 5 Institutional Investors

Lynx1 Capital Management, LP 11.83%
Bvf Inc 8.21%
Baker Bros Advisors LP 4.11%
Vanguard Capital Management, LLC 3.18%
Two Sigma Investments LLC 2.88%

Unit Economics (Per $1K Revenue)

TCRX generates approximately $722 of gross profit, $-13,154 of operating income, and $-13,533 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 0.00%

Quantitative Style Profile

TCRX has a liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedSmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 21.79M USD
Price to earnings Ratio -
1Y Target Price 2.67
Price to earnings Ratio -
1Y Target Price 2.67
Volume (30-day avg) 929.0K shares
Beta 1.07
52 Weeks Range 0.29 - 2.57
Updated Date 09/18/2026
52 Weeks Range 0.29 - 2.57
Updated Date 09/18/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.9

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE -
Enterprise Value 13.17M
Price to Sales(TTM) 3.18
Enterprise Value 13.17M
Price to Sales(TTM) 3.18
Enterprise Value to Revenue 1.85
Enterprise Value to EBITDA 0.39
Shares Outstanding 61.07M
Shares Floating 57.82M
Shares Outstanding 61.07M
Shares Floating 57.82M
Percent Insiders 0.19
Percent Institutions 62.44

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Tscan Therapeutics Inc

Exchange NASDAQ
Headquarters Waltham, MA, United States
IPO Launch date 2021-07-16
CEO, Principal Financial Officer, Principal Accounting Officer & Director Dr. Gavin MacBeath Ph.D.
Sector Healthcare
Industry Biotechnology
Full time employees 138
Full time employees 138

TScan Therapeutics, Inc., a clinical-stage biotechnology company, develops T cell receptor-engineered T cell (TCR-T) therapies for the treatment of patients with cancer in the United States. The company's lead product is TSC-101, for the treatment of patients with acute myeloid leukemia (AML), myelodysplastic syndrome (MDS), and acute lymphoblastic leukemia (ALL) in patients undergoing allogeneic hematopoietic cell transplantation (HCT), which is in Phase I clinical trial, as well as eliminates residual disease and promotes donor chimerism. It also develops TSC-102-A01 and TSC-102-A03, which are allogeneic and donor-derived TCR-T therapy candidates targeting epitopes. In addition, the company develops TSC-200, TSC-201, TSC-202, TSC-203, and TSC-204 for the treatment of solid tumors. It has a research collaboration and license agreement with Amgen Inc. to identify antigens recognized by T cells in patients with Crohn's disease. TScan Therapeutics, Inc. was incorporated in 2018 and is headquartered in Waltham, Massachusetts.