LENZ Therapeutics, Inc. (LENZ) Key Metrics
LENZ valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $102.7M
- Enterprise value
- −$101.3M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 4.8
- Price / book
- 0.5
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 1.73
LENZ key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLENZ valuation Price multiples at each fiscal year-end price.
LENZ returns How much profit the business earns on the capital it uses.
LENZ per-share figures Results divided by the shares outstanding at year-end.
LENZ financial health Debt, liquidity and how easily interest is covered.
LENZ efficiency & capital use Working capital cycle and where the cash goes.
LENZ valuation history
LENZ returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LENZ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LENZ cash returned to shareholders
LENZ price vs earnings per share
LENZ key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $461.0M | $614.4M | $149.4M | $182.2M | $721.1M | — | — |
| Enterprise value | $169.5M | $406.7M | $83.9M | $138.0M | $702.8M | — | — |
| Price / sales | 24.2 | — | — | 12.1 | — | — | — |
| Price / book | 1.6 | 3.0 | — | — | — | — | — |
| EV / sales | 8.9 | — | — | 9.2 | — | — | — |
| Earnings yield | −17.8% | −8.1% | −46.8% | −5.9% | −9.8% | — | — |
| Free cash flow yield | −15.2% | −9.7% | −40.4% | −51.9% | −8.1% | — | — |
| Shareholder yield (dividends + buybacks) | — | — | 0.0% | 0.0% | — | — | — |
| Share price at fiscal year-end | $16.00 | $28.87 | $18.34 | $23.24 | $87.01 | — | — |
| Per share | |||||||
| Revenue per share | $0.66 | $0.00 | $0.00 | $1.91 | $0.00 | $0.00 | $0.00 |
| Earnings per share | −$2.85 | −$2.34 | −$8.59 | −$1.38 | −$8.54 | −$8.24 | −$0.01 |
| Operating cash flow per share | −$2.40 | −$2.79 | −$7.41 | −$11.22 | −$6.38 | −$1.05 | −$0.00 |
| Free cash flow per share | −$2.43 | −$2.81 | −$7.42 | −$12.06 | −$7.07 | −$1.24 | −$0.00 |
| Cash per share | $10.15 | $9.82 | $8.08 | $5.67 | $2.21 | $2.39 | $0.00 |
| Book value per share | $9.87 | $9.59 | −$11.38 | −$3.08 | −$1.72 | −$1.18 | −$0.27 |
| Tangible book value per share | $9.87 | $9.59 | −$11.38 | −$3.08 | −$1.72 | −$1.18 | −$0.27 |
| Capex per share | $0.03 | $0.02 | $0.00 | $0.84 | $0.69 | $0.19 | $0.00 |
| Debt per share | $0.03 | $0.06 | $0.04 | $0.03 | — | — | $0.27 |
| Shares outstanding | 28.8M | 21.3M | 8.1M | 7.8M | 8.3M | 8.3M | 8.3M |
| Change in shares outstanding | +35.4% | +161.3% | +3.9% | −5.4% | −0.1% | 0.0% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | −33.6% | −89.4% | — | — | — | — | — |
| Return on assets (ROA) | −31.5% | −34.8% | −119.3% | −33.1% | −346.0% | −605.9% | — |
| Return on tangible assets | −26.8% | −23.1% | −99.4% | −23.0% | −385.9% | −303.0% | — |
| Free cash flow margin | −366.7% | — | — | −630.5% | — | — | — |
| Financial health | |||||||
| Total debt | $815,000 | $1.4M | $329,000 | $250,000 | — | — | $2.2M |
| Cash & short-term investments | $292.3M | $209.0M | $65.8M | $44.4M | $18.3M | $19.8M | $6,000 |
| Net debt | −$291.5M | −$207.6M | −$65.5M | −$44.2M | −$18.3M | −$19.8M | $2.2M |
| Debt / equity | 0.00 | 0.01 | — | — | — | — | — |
| Debt / assets | 0.00 | 0.01 | 0.00 | 0.01 | — | — | 367.50 |
| Net debt / EBITDA | — | — | — | — | — | — | 15.39 |
| Current ratio | 14.23 | 20.36 | 3.63 | 4.91 | 14.62 | 0.66 | 0.00 |
| Quick ratio | 14.09 | 20.36 | 3.63 | 4.91 | 14.62 | 0.66 | 0.00 |
| Interest coverage | — | — | — | — | — | -337.5 | -0.4 |
| Working capital | $280.2M | $201.5M | $48.7M | $37.1M | $17.1M | −$10.9M | −$2.2M |
| Invested capital | −$7.2M | −$3.6M | −$158.2M | −$68.4M | −$32.5M | −$29.6M | −$19,000 |
| Tangible asset value | $284.3M | $204.1M | −$92.7M | −$24.2M | −$14.2M | −$9.8M | −$2.2M |
| Net current asset value | $279.9M | $200.7M | −$95.8M | −$24.5M | −$14.2M | −$11.3M | −$2.2M |
| Graham net-net per share | $9.51 | $9.30 | −$11.95 | −$3.40 | −$1.72 | −$1.51 | −$0.27 |
| Capital allocation | |||||||
| Share buybacks (net) | — | — | $67,000 | $79,000 | — | — | — |
| Capex / revenue | 4.3% | — | — | 44.0% | — | — | — |
| Capex / depreciation | 2.88 | 8.07 | 2.00 | 824.25 | 7.82 | 12.77 | 0.00 |
| Stock-based compensation / revenue | 65.7% | — | — | 4.8% | — | — | — |
| R&D / revenue | 97.8% | — | — | 140.8% | — | — | — |
| SG&A / revenue | 477.5% | — | — | 29.1% | — | — | — |
| Efficiency | |||||||
| Days sales outstanding | 23.2 | — | — | — | — | — | — |
| Days of inventory on hand | 760.0 | — | — | — | — | — | — |
| Days payables outstanding | 2,180.7 | 31,364.8 | 793.5 | 114.0 | 271.0 | 1,900.4 | — |
| Cash conversion cycle (days) | -1,397.4 | — | — | — | — | — | — |
| Receivables turnover | 15.72 | — | — | — | — | — | — |
| Payables turnover | 0.17 | 0.01 | 0.46 | 3.20 | 1.35 | 0.19 | — |
| Inventory turnover | 0.48 | — | — | — | — | — | — |
| Asset turnover | 0.07 | 0.00 | 0.00 | 0.46 | 0.00 | 0.00 | 0.00 |
| Average receivables | $1.2M | $0 | — | — | — | — | — |
| Average payables | $4.2M | $5.0M | $5.2M | $2.6M | $545,000 | $630,000 | — |
| Average inventory | $1.5M | $0 | — | — | — | — | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from LENZ's annual financial statements (latest annual report filed March 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LENZ valuation and financial ratios
LENZ Therapeutics earned a return on equity of −33.6% in fiscal 2025. It ended the year with $0.8 million of debt and $292.3 million in cash and short-term investments, a net cash position of $291.5 million. The share count rose 247.3% from 8.3M to 28.8M over 6 years.
See the LENZ income statement, the LENZ chart for price history, or the LENZ stock overview for the latest quote and news.
LENZ key metrics FAQ
What is LENZ Therapeutics's return on equity?
LENZ Therapeutics's return on equity (ROE) was −33.6% in fiscal 2025: net income of -$82.1 million on average shareholders' equity of $244.2 million.
How much debt does LENZ Therapeutics have?
LENZ Therapeutics had total debt of $0.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
What is LENZ Therapeutics's free cash flow yield?
LENZ Therapeutics generated -$70.0 million of free cash flow in fiscal 2025, a free cash flow yield of −15.2% on its market value at year-end ($461.0 million).
What is LENZ Therapeutics's current ratio?
LENZ Therapeutics's current ratio was 14.23 at the end of fiscal 2025: current assets were 14.23 times current liabilities.