In fiscal 2025, which ended Dec 31, 2025, Sab Biotherapeutics, Inc. reported revenue of $0, down 100.0% from the year before. Net income was $13.3 million. Diluted earnings per share were -$0.79. Across the 4 fiscal years shown, revenue shrank from $60.9 million in fiscal 2021 to $1.3 million in fiscal 2024, about 72.1% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
FY 2021
Dec 31, 2021
|
|---|---|---|---|---|---|
| Revenue |
0
-100.0%
|
1
-40.9%
|
2
-90.6%
|
24
-60.7%
|
61
|
| Research and development |
34
+13.6%
|
30
+83.2%
|
17
-54.7%
|
36
-36.3%
|
57
|
| Selling, general and administrative |
15
+4.4%
|
14
-41.3%
|
24
+45.3%
|
16
-4.1%
|
17
|
| Operating income |
-49
-14.1%
|
-43
-12.7%
|
-38
-31.7%
|
-29
-115.9%
|
-13
|
| Other income (expense) |
62
+606.7%
|
9
+313.8%
|
-4
-140.4%
|
10
|
—
|
| Pretax income |
13
|
—
|
-42
-125.5%
|
-19
-9.2%
|
-17
|
| Income tax |
0
|
0
|
0
-100.0%
|
0
|
0
|
| Net income |
13
+138.9%
|
-34
+19.2%
|
-42
-125.1%
|
-19
-9.3%
|
-17
|
| Net income to common |
4
+112.5%
|
-34
+19.2%
|
-42
|
—
|
—
|
| Basic EPS |
0.22
+106.0%
|
-3.68
+51.8%
|
-7.64
-77.3%
|
-4.31
-584.1%
|
-0.63
|
| Diluted EPS |
-0.79
+78.5%
|
-3.68
+51.8%
|
-7.64
|
—
|
-0.63
|
| Weighted average shares, basic |
19
+108.5%
|
9
+67.7%
|
6
+26.9%
|
4
-84.1%
|
27
|
| Weighted average shares, diluted |
61
+562.3%
|
9
+67.7%
|
6
|
—
|
27
|
| Other measures | |||||
| Depreciation and amortization |
3
-36.4%
|
5
+28.8%
|
4
+15.3%
|
3
+112.9%
|
1
|
| EBITDA |
-46
-20.3%
|
-38
-11.0%
|
-34
-33.7%
|
-26
-116.3%
|
-12
|
| Interest coverage |
-203.41x
|
-134.77x
|
—
|
—
|
—
|
| Margins | |||||
| Operating margin |
—
|
-3,244.87%
|
-1,700.56%
|
-120.97%
|
-22.00%
|
| Pretax margin |
—
|
—
|
-1,884.50%
|
-78.29%
|
-28.16%
|
| Profit margin |
—
|
-2,579.03%
|
-1,884.50%
|
-78.40%
|
-28.16%
|
| EBITDA margin |
—
|
-2,889.02%
|
-1,537.40%
|
-107.71%
|
-19.56%
|
| Effective tax rate |
0.00%
|
—
|
—
|
—
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Biological Products, (No Diagnostic Substances) (SIC 2836)
- Listed as
- SABS (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Miami Beach, FL
- SEC filer status
- , Emerging growth company
- SEC CIK
- 1833214
- Former names
- Big Cypress Acquisition Corp. (until Oct 22, 2021)
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.