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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Coya Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing innovative therapeutic agents that fine-tune the function of regulatory T cells (Tregs). Its therapeutic pipeline leverages diverse approaches, including biologics designed to enhance Treg activity, Treg-derived exosomes, and personalized autologous Treg cell therapies. Among its lead candidates is COYA 101, an autologous regulatory T-cell product that has successfully completed Phase 2a clinical trials for treating Amyotrophic Lateral Sclerosis (ALS).
How they make money
Coya Therapeutics is a clinical-stage biotechnology company that generates revenue primarily through collaboration agreements involving the research and development of its proprietary regulatory T cell (Treg) therapies. As a clinical-stage entity, it does not yet have commercialized products and relies on funding from collaborations and capital markets to support its ongoing research and development activities.
Products & services
The company is developing a pipeline of Treg-enhancing biologics, Treg-derived exosomes, and autologous Treg cell therapies for neurodegenerative, autoimmune, and metabolic diseases, including candidates such as COYA 301, COYA 302, COYA 303, COYA 201, and COYA 206.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Pharmaceutical and biotechnology companies (via collaboration agreements)Source
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
Contract Manufacturing Organizations — The company relies on third-party contract manufacturing organizations for the production of clinical-grade materials; specific supplier names are not disclosed.Source
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Diluted weighted-average shares increased 40.3% year over year.
Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
37
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
50
Fair
Financial Strength
69
Business Quality / Moat
50
Management
40
Growth Quality
37
Risk / Durability
33
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
44
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
58/100
Building Historical Record
Model Score 58/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently moderate.
What we like
•Balance-sheet / debt profile scores strongly
•Asset quality scores strongly
What to watch
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
Company-specific research
Questions worth answering for COYA
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can COYA maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•How long can COYA fund negative free cash flow using its current cash position before it may need more debt or new shares?
•How is COYA likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•What specifically needs to improve for COYA to reach sustainable profitability?
•What future growth or profitability would be needed to justify COYA's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on COYA.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Biotechnology industry.
−History of operating losses and dependence on additional financing.
−Clinical trial failure or regulatory rejection.
−Diluted weighted-average shares increased 40.3% year over year.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Wall Street Score
Weak37/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Elite
100
Debt Cost—
Debt Reduction YoY—
Debt / Equity0.00x
Tap for breakdown →
Revenue
Poor
14
Revenue YoY0.9%
Revenue CAGR15.1%
Net Margin-270.2%
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Asset
Strong
74
Asset Growth YoY12.6%
Liquidation/Share$2586.69
Net Assets/MCap402.55x
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Capital
Poor
0
Earnings Yield-18.4%
Buyback Yield0.0%
Debt Cost—
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Management
Weak
40
ROIC-21.3%
ROE-0.1%
ROA-0.0%
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Moat
Fair
50
EPS Growth—
FCF/Share Growth—
Rev/Share Growth103.6%
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Valuation
Poor
0
Intrinsic Value—
Value Reference—
MOS—
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Buffett
Fair
52
Revenue14
Moat50
Valuation0
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MOS
Poor
0
MOS %—
Value Reference—
Deep Discount Reference—
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Financial
Weak
46
Interest Coverage—
ROIC-21.3%
FCF Yield-9.1%
Tap for breakdown →
Master
Poor
39
Financial46
Valuation0
Debt100
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Resilience
Fair
60
Survival Years4.4 yrs
Current Ratio8.50x
FCF Margin-135.2%
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Score Changes
6 historical score records available
Previous Score
37
Sep 17, 2026
Change
Unchanged
Current Score
37
Oct 1, 2026
Category Changes
Revenue0
Debt0
Assets0
Capital0
Management0
Moat0
Valuation0
Buffett0
COYA score was unchanged.
Projected Score
Projected Score
40
Projected Change
+3.6 points
Preliminary comparable-period financial changes suggest improvement of approximately 3.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailable
Current Price
$4.06
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Large reported revenue change: +123.6%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
Revenue
$8.0M
$7.9M
$3.6M
$6.0M
····
····
····
Cost of Revenue
-$5.2M
$27K
$11.9M
$5.5M
····
····
····
Gross Profit
$13.2M
$7.9M
-$8.3M
$501K
····
····
····
Research & Development
-$3.64B
$16.7M
$11.9M
$6.0M
····
····
····
SG&A Expenses
-$2.89B
$11.4M
$8.9M
$7.8M
····
····
····
Operating Expenses
$34.1M
$28.2M
$8.9M
$8.4M
····
····
····
EBITDA
-$22.1M
-$21.2M
-$17.2M
-$7.3M
····
····
····
Operating Income
-$20.9M
-$20.3M
-$17.2M
-$7.9M
····
····
····
Interest Expense
$0.00
$0.00
$0.00
$0.00
····
····
····
Income Before Tax
-$21.7M
-$21.2M
-$15.6M
-$7.3M
····
····
····
Income Tax Expense
$3K
$3K
-$720K
$724K
····
····
····
Net Income
-$21.7M
-$21.2M
-$14.9M
-$8.0M
····
····
····
Basic EPS
$-1.07
$-1.27
$-0.98
$-0.79
····
····
····
Basic Shares
23.46M
16.73M
15.24M
10.16M
····
····
····
Diluted Shares
23.46M
16.73M
15.24M
10.16M
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Cash position grew
Potential Score Impact
Positive indicators included revenue growth, cash levels, net income margin. Pressure indicators included EPS growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 49.0%. EPS declined 22.2%. Cash increased 145010.5%. Net income margin improved by 1001.7 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.