PDS Biotechnology Corp

Listed Company

PDSBCIK 0001472091NasdaqNon-AcceleratedSmaller ReportingPharmaceutical PreparationsDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

—

Total Assets

—

Equity

—

Shares Out

55.82M

Op. Cash Flow

$-27.75M

PDSB$0.74−39.66% · past yearDBEQ Basic

Daily closing prices

Business

PDS Biotechnology Corp is a clinical-stage immunotherapy company developing targeted cancer and infectious disease vaccines using its proprietary Versamune® T cell activator platform and Versamune® combined with an IL-12 antibody drug conjugate (PDS01ADC), plus the Infectimune® platform for infectious diseases. Lead programs include PDS0101 for HPV-related cancers in Phase 3 (VERSATILE-003), PDS0103 for MUC1-positive cancers, and PDS0202 for universal influenza vaccination. The company operates through research collaborations with the National Cancer Institute, Merck, and academic medical centers, relying entirely on contract manufacturing and third-party development partners.

Summary from 10-K filed 2026-03-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Research and development expenses	19	23	28	29	11
General and administrative expenses	13	14	15	12	10
Total operating expenses	32	36	43	42	21
Loss from operations	−32	−36	−43	−42	−21
Interest income	1	3	3	935,180	4,346
Interest expense	−5	−5	−4	—	—
Interest income (expenses), net	−4	−2	−1	−381,339	4,346
Loss before income taxes	−36	−38	−44	−42	−21
Benefit for income taxes	1	869,169	1	1	5
Net loss	−34	−38	−43	−41	−17
Comprehensive loss	−34	−38	−43	−41	−17
Net loss per share, basic (in dollars per share)	−0.74	−1.03	−1.39	−1.43	−0.66
Net loss per share, diluted (in dollars per share)	−0.74	−1.03	−1.39	−1.43	−0.66
Weighted average common shares outstanding, basic (in shares)	46	36	31	29	26
Weighted average common shares outstanding, diluted (in shares)	46	36	31	29	26

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-09-30	FY 2025 2025-06-30	FY 2025 2025-03-31	FY 2024 2024-12-31
Cash and cash equivalents	27	—	—	—	42
Prepaid expenses and other assets	2	—	—	—	3
Total current assets	28	—	—	—	45
Prepaid expenses	2	—	—	—	0
Property and equipment, net	120,184	—	—	—	142,020
Financing lease right-of-use assets	123,514	—	—	—	162,194
Total assets	30	—	—	—	45
Accounts payable	4	—	—	—	2
Accrued expenses	742,227	—	—	—	3
Current portion of notes payable	5	—	—	—	13
Financing lease obligation - short term	36,167	—	—	—	61,119
Total current liabilities	9	—	—	—	17
Note payable, net of current portion	12	—	—	—	9
Financing lease obligation-long term	25,686	—	—	—	61,853
Total liabilities	21	—	—	—	26
Commitments and contingencies (Note 11)	—	—	—	—	—
Common stock, $0.00033 par value, 150,000,000 shares authorized at December 31, 2025 and December 31, 2024, 54,878,233 shares and 37,987,380 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	18,111	—	—	—	12,536
Additional paid-in capital	226	—	—	—	201
Accumulated deficit	−217	—	—	—	−182
Total stockholders' equity	9	9	16	22	19
Total liabilities and stockholders' equity	30	—	—	—	45

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation expense	4	7	8	5	4
Issuance of shares in consulting agreements	298,501	267,000	1	0	—
Amortization of debt discount	2	1	652,006	183,914	0
Loss on retirement of debt	1	0	—	—	—
Depreciation expense	21,836	21,112	17,359	86	5,357
Finance lease amortization expense	38,682	38,679	39,967	48,992	0
Prepaid expenses and other current assets	−173,564	−870,294	165,672	−1	−99,904
Accounts payable	2	−5	6	−90,116	−105,821
Accrued expenses	−2	416,522	−6	6	452,382
Operating lease liabilities	0	0	−239,469	−294,988	−170,839
Net cash used in operating activities	−28	−35	−34	−26	−12
Purchase of equipment	0	−29,000	0	—	—
Net cash used in investing activities	0	−29,000	0	—	—
Proceeds from issuance of pre-funded warrants	1	0	—	—	—
Proceeds from issuance of warrants	5	0	—	—	—
Proceeds from exercise of pre-funded warrants	100	0	—	—	0
Proceeds from exercise of stock options	0	774,091	308,942	151,416	344,125
Payments of finance lease obligations	−61,119	−55,795	−59,300	0	—
Loan principal payments	−7	−3	0	—	—
Loan repayment	−19	0	—	—	—
Net proceeds from issuance of loan	18	0	—	—	—
Proceeds from issuance of common stock, net of issuance costs	10	0	16	10	49
Proceeds from issuance of common stock from at-the-market program, net of issuance costs	4	23	—	—	—
Net cash provided by financing activities	13	20	16	34	49
Net (decrease) increase in cash and cash equivalents	−15	−15	−17	9	36
Cash paid for interest	3	4	4	852,221	0

Filings

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Frequently asked questions

What is PDS Biotechnology Corp's CIK number?

PDS Biotechnology Corp's SEC CIK number is 0001472091 (1472091). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find PDS Biotechnology Corp's SEC filings?

All of PDS Biotechnology Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did PDS Biotechnology Corp last report earnings?

PDS Biotechnology Corp (PDSB) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001140361-26-020934). This is PDS Biotechnology Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is PDS Biotechnology Corp's most recent earnings 8-K?

PDS Biotechnology Corp's latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0001140361-26-020934. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View PDS Biotechnology Corp's latest earnings 8-K →
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