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LENZ Therapeutics (LENZ) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

LENZ Therapeutics
NasdaqGS•Healthcare•Biotechnology
$5.96+0.13(0.02%)Market closed
Market Cap
$129.58M
P/S
6.0x
P/B
0.6x

LENZ Therapeutics, Inc. operates as a commercial pharmaceutical company that focuses on the development and commercialization of therapies to improve vision in the United States. Its product candidates include VIZZ and LNZ101 for the treatment of presbyopia in adults. LENZ Therapeutics, Inc. was formerly known as Presbyopia Therapies, Inc. and changed its name to LENZ Therapeutics, Inc. in June 2021. The company was founded in 2013 and is headquartered in Solana Beach, California.

C

How this company scores

AverageMetricSide Score: 40/100

Strongest: Growth (16/25); weakest: Profitability (3/25).

Profitability3/25
Growth16/25
Balance Sheet & Red Flags15/25
Cash & Earnings Quality6/25
Strengths
Growing revenueInterest easily coveredConsistent growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 6.0x5y range 6.0x – 164.6x
P/S 6.0x · below its 5-quarter median

Currently below its 5-quarter median.

P/B · 0.6x5y range 0.3x – 6.6x
P/B 0.6x · near its 20-quarter median

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $129.58M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$21.48M
5Q
Q. Revenue
$5.49M
2Q
TTM EBITDA
$-135.06M
6Q
TTM Op. Income
$-135.66M
6Q
Q. Op. Income
$-34.17M
103%
TTM Net Income
$-126.00M
5Q
Q. Net Income
$-31.92M
114%
EPS
$-1.02
92%
Shares Out.
$31.37M
6Q
$21.48M in TTM revenue grew 329.5% YoY, reaching $5.49M last quarter. TTM EBITDA of $-135.06M and TTM operating income of $-135.66M show growth is flowing through to the bottom line. However, net income is negative at $126.00M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
-620.9%
2Q
Op. Margin
-622.9%
2Q
Net Margin
-581.8%
2Q
Op. margin of -622.9% is down 285.8% YoY — costs are rising relative to revenue. Net margin at -581.8% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
6.0x
4Q
P/B Ratio
0.6x
3Q
P/S of 6.0x and P/B of 0.6x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$236.60M
2Q
Cash
$24.21M
4Q
Long-Term Debt
N/A
Book Value
$219.26M
2Q
D/E Ratio
N/A
Debt/EBITDA
N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-38.71M
3Q
TTM Free Cash Flow
$-114.42M
3Q
FCF Margin
-532.8%
3Q
FCF / Net Income
0.9
1%
TTM FCF of $-114.42M on $-38.71M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 3 consecutive quarters — a weakening trend.

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Cash Burn

Red Flag

The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Share Dilution

Red Flag

Shares outstanding increased 15.5% — significant dilution, likely from stock compensation or capital raises.