Instil Bio, Inc.
TIL · Biological Products, (No Diagnostic Substances) · 6.8M shares · -20%/yr ↓ buyback · EDGAR filings ↗
Reference price $23.04 · est. market cap ~$156M — last insider sale, 2025-09-10 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D44Clinical/early-stage biotech — clinical-stage biotech (pivoted), extremely cash-rich.
Strengths
- Liquidity — current ratio 39.5 (99th)
Risks
- Pre-revenue, deep losses — per metrics
- Pre-revenue/clinical-stage — history of losses & need for capital per risk factors
- Binary clinical & funding risk — per 10-K
Notable findings
- Going concernRisks Related to our Financial Position and Capital Needs We have incurred significant losses since our inception and have identified an indicator of substantial doubt about our ability to continue
- Auditor changeRecent 8-K item 4.01 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Buying back stockNet buyback — share count -20%/yr over 4y
- Notable holderHeld by 3 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, CITADEL ADVISORS LLC, STATE STREET CORP (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
-62.7%
Return on assets
-35.1%
Current ratio
39.5×
EBITDA
-$78M
Tangible book value
$114M
Cash & investments
$7M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2025-09-10 | Laumas Sandeep | Option exercise | 17K | $11.60 |
| 2025-09-10 | Laumas Sandeep | Option exercise | 13K | $12.68 |
| 2025-09-10 | Laumas Sandeep | Sell | 18K | $23.04 |
| 2025-09-10 | Laumas Sandeep | Sell | 12K | $23.88 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-11 | 2026-06-11 | 0001789769-26-000048 ↗ |
| 10-Q | 2026-05-15 | 2026-03-31 | 0001789769-26-000045 ↗ |
| 8-K | 2026-05-15 | 2026-05-15 | 0001789769-26-000044 ↗ |
| 8-K | 2026-04-03 | 2026-04-01 | 0001789769-26-000024 ↗ |
| 10-K | 2026-03-27 | 2025-12-31 | 0001789769-26-000019 ↗ |
| 8-K | 2026-03-27 | 2026-03-27 | 0001789769-26-000018 ↗ |
| 8-K | 2026-01-06 | 2026-01-05 | 0001789769-26-000004 ↗ |
| 10-Q | 2025-11-13 | 2025-09-30 | 0001789769-25-000094 ↗ |
| 8-K | 2025-11-13 | 2025-11-13 | 0001789769-25-000092 ↗ |
| 8-K | 2025-08-13 | 2025-08-13 | 0001789769-25-000079 ↗ |
| 10-Q | 2025-08-13 | 2025-06-30 | 0001789769-25-000081 ↗ |
| 8-K | 2025-07-31 | 2025-07-31 | 0001789769-25-000074 ↗ |