Whitehawk Therapeutics, Inc.
Business
Whitehawk Therapeutics is a clinical-stage oncology company developing next-generation antibody-drug conjugates (ADCs) targeting validated tumor antigens using an advanced CPT113 linker-payload platform. The company's lead candidates—HWK-007 (PTK7-directed), HWK-016 (MUC16-directed), and HWK-206 (SEZ6-directed biparatopic)—are in Phase 1 clinical trials for solid tumors including lung, ovarian, endometrial, and small-cell lung cancers. The company operates virtually with outsourced development and manufacturing through partnerships with WuXi Biologics and Hangzhou DAC, and divested its legacy FYARRO product business in March 2025.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Total revenue | 7 | 26 | 24 | 15 | 14 | |
| Selling, general and administrative | 30 | 37 | 45 | 40 | 19 | |
| Research and development | 91 | 51 | 49 | 33 | 20 | |
| Restructuring charges | 0 | 3 | 0 | — | — | |
| Cost of goods sold | 760,000 | 3 | 3 | 1 | 0 | |
| Total operating expenses | 122 | 93 | 96 | 78 | 112 | |
| Loss from operations | −114 | −67 | −72 | −63 | −111 | |
| Gain on sale of business | 87 | 0 | — | — | — | |
| Foreign exchange gain (loss) | 5,000 | −4,000 | −1,000 | 0 | — | |
| Other income | 302,000 | 0 | — | — | — | |
| Interest income | 6 | 4 | 6 | 2 | 13,000 | |
| Interest expense | 0 | −154,000 | −231,000 | — | — | |
| Total other income (expense), net | 94 | 4 | 6 | 2 | 1 | |
| Loss before income tax expense | −21 | −64 | −66 | −61 | −110 | |
| Income tax expense | 0 | 0 | 0 | 0 | −2,000 | |
| Net loss | −21 | −64 | −66 | −61 | −110 | |
| Unrealized gain (loss) on investments, net of tax | 104,000 | −11,000 | — | — | — | |
| Comprehensive loss | −20 | −64 | −66 | −61 | −111 | |
| Net loss per share, basic (in dollars per share) | −0.33 | −2.36 | −2.44 | −2.69 | −12.41 | |
| Net loss per share, diluted (in dollars per share) | −0.33 | −2.36 | −2.44 | −2.69 | −12.41 | |
| Weighted average number of common shares outstanding, basic (in shares) | 62 | 27 | 27 | 23 | 9 | |
| Weighted average number of common shares outstanding, diluted (in shares) | 62 | 27 | 27 | 23 | 9 |
Consolidated Balance Sheet
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 38 | 29 | 63 | 39 | 149 | |
| Short-term investments | 108 | 19 | 46 | 134 | 0 | |
| Accounts receivable, net | 0 | 6 | 5 | 2 | 0 | |
| Inventory | 0 | 5 | 6 | 2 | 0 | |
| Prepaid expenses and other current assets | 3 | 3 | 4 | 4 | 2 | |
| Total current assets | 149 | 61 | 125 | 180 | 151 | |
| Property and equipment, net | 3,000 | 7 | 5 | 508,000 | 57,000 | |
| Operating lease right-of-use assets | 0 | 787,000 | 1 | 2 | 557,000 | |
| Other assets | 2 | 1 | 2 | 2 | 2 | |
| Total assets | 151 | 70 | 132 | 184 | 158 | |
| Accounts payable | 917,000 | 2 | 6 | 4 | 6 | |
| Accrued liabilities | 14 | 15 | 14 | 15 | 9 | |
| Operating lease liabilities, current portion | 0 | 268,000 | 434,000 | 394,000 | 131,000 | |
| Total current liabilities | 15 | 17 | 26 | 19 | 15 | |
| Operating lease liabilities, net of current portion | 0 | 565,000 | 833,000 | 1 | 474,000 | |
| Other liabilities | 0 | 202,000 | 0 | — | — | |
| Total liabilities | 15 | 18 | 27 | 26 | 22 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and 2024 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.0001 par value, 300,000,000 shares authorized; 47,145,719 and 24,680,708 shares issued and outstanding as of December 31, 2025 and 2024 respectively | 4,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
| Additional paid-in capital | 489 | 385 | 374 | 362 | 279 | |
| Accumulated other comprehensive income | 120,000 | 16,000 | 27,000 | −115,000 | 0 | |
| Accumulated deficit | −353 | −333 | −269 | −203 | −143 | |
| Total stockholders equity | 136 | 52 | 105 | 158 | 136 | |
| Total liabilities and stockholders equity | 151 | 70 | 132 | 184 | 158 |
Consolidated Statement of Cash Flows
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Share-based compensation expense | 10 | 11 | 12 | 10 | 2 | |
| Amortization of premiums and discounts on short-term investments, net | −2 | −1 | −3 | — | — | |
| Non-cash lease expense | 74,000 | 460,000 | 461,000 | 382,000 | 171,000 | |
| Depreciation and amortization expense | 79,000 | 193,000 | 169,000 | 159,000 | 105,000 | |
| Accounts receivable | −1 | −415,000 | −4 | −2 | 14 | |
| Inventory | 170,000 | 1 | −3 | −2 | 0 | |
| Prepaid expenses and other current assets | −434,000 | 3 | 4 | −1 | −2 | |
| Other non-current assets | −438,000 | 518,000 | 518,000 | 437,000 | 481,000 | |
| Operating lease liabilities, net | −89,000 | −512,000 | −502,000 | −291,000 | −129,000 | |
| Accounts payable and accrued liabilities | 4 | −10 | −132,000 | 3 | 8 | |
| Other liabilities | −202,000 | 202,000 | 0 | 0 | −8 | |
| Net cash used in operating activities | −97 | −60 | −60 | −50 | −22 | |
| Proceeds from sale of business, net cash, cash equivalents, and restricted cash | 101 | 0 | — | — | — | |
| Purchases of property and equipment | −552,000 | −2 | −4 | −444,000 | −46,000 | |
| Purchases of short-term investments | −149 | −36 | −64 | −145 | — | |
| Maturities of short-term investments | 60 | 63 | 152 | 13 | 0 | |
| Net cash provided by investing activities | 12 | 25 | 83 | −133 | 25 | |
| Proceeds from sale of common stock and prefunded warrants in PIPE financing | 100 | 0 | 0 | 73 | 0 | |
| Payment of PIPE financing related transaction costs | −6 | 0 | 0 | −322,000 | −10 | |
| Issuance of common stock upon exercise of stock options | 26,000 | 0 | 78,000 | 401,000 | 833,000 | |
| Proceeds from issuance under employee stock purchase plan | 49,000 | 146,000 | 408,000 | 323,000 | 0 | |
| Deferred offering costs paid for financing | −76,000 | −16,000 | −160,000 | −337,000 | 0 | |
| Net cash provided by financing activities | 94 | 130,000 | 326,000 | 73 | 142 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 9 | −34 | 24 | −110 | 145 | |
| Interest paid during the period | 0 | 211,000 | 230,000 | 230,000 | 22,000 | |
| Deferred transaction costs included in accounts payable and accrued liabilities | 0 | 35,000 | 46,000 | 0 | — | |
| Amounts accrued for purchases of property and equipment | 0 | 1 | 571,000 | 80,000 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Whitehawk Therapeutics, Inc.'s CIK number?
Whitehawk Therapeutics, Inc.'s SEC CIK number is 0001422142 (1422142). 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 Whitehawk Therapeutics, Inc.'s SEC filings?
All of Whitehawk Therapeutics, Inc.'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 Whitehawk Therapeutics, Inc. last report earnings?
Whitehawk Therapeutics, Inc. (WHWK) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-210615). This is Whitehawk Therapeutics, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Whitehawk Therapeutics, Inc.'s most recent earnings 8-K?
Whitehawk Therapeutics, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001193125-26-210615. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Whitehawk Therapeutics, Inc.'s latest earnings 8-K →
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