Surrozen, Inc./DE (NASDAQ:SRZN)
Insiders here have filed 6 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Loses money on what it sells.
- Revenue
- $11.5M
- Net income
- -$332.1M
- Net margin
- -2885.3%
Not enough balance-sheet detail to judge the debt load.
- Total debt
- $6.3M
- Cash
- $102.0M
Comfortably covers what is due within a year.
- Current assets
- $109.4M
- Current liabilities
- $9.0M
- Current ratio
- 12.14
Consumes cash and must keep raising it.
- Operating cash flow
- -$34.8M
- Free cash flow
- -$35.0M
- FCF margin
- -303.9%
Heavy dilution — shareholders are paying for the business.
- Shares outstanding
- 11.7M
- Share growth (1y)
- 36.6%
- Cash runway
- 35 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
SRZN Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 5.00 M | 5.00 M | 528.00 K | 983.00 K | 983.00 K | 983.00 K |
| Revenue Growth (YoY) | 408.65 % | 408.65 % | -19.39 % | -90.17 % | — | — |
| Cost of Revenue | 0.00 | 65.00 K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 5.00 M | 4.93 M | 528.00 K | 983.00 K | 983.00 K | 983.00 K |
| SG&A Expense | 6.89 M | 6.13 M | 4.18 M | 4.09 M | 3.96 M | 3.98 M |
| R&D Expense | 8.48 M | 9.33 M | 8.99 M | 7.77 M | 6.04 M | 6.56 M |
| Operating Expenses | 15.37 M | 15.39 M | 13.17 M | 11.87 M | 10.00 M | 10.53 M |
| Operating Income | -10.37 M | -10.46 M | -12.64 M | -10.88 M | -9.02 M | -9.55 M |
| Pretax Income | 50.18 M | -127.50 M | -183.16 M | -71.64 M | 39.75 M | -26.97 M |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 50.18 M | -127.50 M | -183.16 M | -71.64 M | 39.75 M | -26.97 M |
| EPS (Basic) | 2.75 | -11.65 | -23.87 | -8.36 | 2.55 | -7.43 |
| EPS (Diluted) | -0.41 | -11.65 | -23.87 | -8.36 | 2.55 | -7.43 |
| Shares Outstanding | 11.66 M | 10.95 M | 9.10 M | 8.57 M | 8.54 M | 3.63 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.