Upstream Bio (UPB)
Nasdaq Market Open
Upstream Bio, Inc. is a clinical-stage biotechnology company developing medicines for inflammatory and immune-mediated diseases, with an initial emphasis on severe respiratory conditions. The company’s lead program is verekitug, an antibody designed to block the receptor for thymic stromal lymphopoietin, or TSLP. TSLP is an epithelial cytokine that sits high in the inflammatory cascade and can influence multiple downstream immune pathways involved in allergic and inflammatory disease.
The company’s approach is based on targeting inflammation early, before several signals amplify disease activity. This makes TSLP biology relevant to conditions such as severe asthma, chronic rhinosinusitis with nasal polyps, and chronic obstructive pulmonary disease, where existing therapies may not adequately control symptoms for all patients. By focusing on the TSLP receptor rather than a single downstream cytokine, verekitug is intended to address a broad set of inflammatory drivers.
Upstream Bio is advancing verekitug through placebo-controlled, randomized Phase 2 studies across multiple respiratory indications. Its clinical work includes programs in chronic rhinosinusitis with nasal polyps and severe asthma, as well as an ongoing study in COPD. As with other development-stage biotechnology companies, Upstream Bio does not primarily compete through commercial sales today; its value is closely tied to clinical data, safety results, regulatory progress, manufacturing execution, and the potential market need for new biologic therapies.
For investors, UPB is a biotechnology stock centered on a single lead asset with possible use across several large disease areas. That creates significant upside if trials validate the drug’s profile, but also exposes the company to the high scientific, regulatory, and financing risks typical of clinical-stage drug development.
Last updated
- Market Cap
- 415.22M
- P/E
- —
- P/FCF
- —
- P/S
- 124.99
- Enterprise Value
- 318.5M
- Sector
- Health Care
- Industry
- Pharmaceutical Preparations
- Address
- 890 WINTER STREET, SUITE 200, WALTHAM, MA, 02451
Chronic Obstructive Pulmonary Disease Clinical Trial Landscape Expands: Over 65 Companies Advancing Next-Generation Therapies | DelveInsight
Severe Asthma Clinical Trial Pipeline Appears Robust With 30+ Key Pharma Companies Actively Working in the Therapeutics Segment | DelveInsight | DelveInsight
Upstream Bio Presents Additional Analyses from the Phase 2 VIBRANT Trial of Verekitug in Chronic Rhinosinusitis with Nasal Polyps at 2026 AAAAI Annual Meeting
Upstream Bio to Present Additional Analyses from Phase 2 VIBRANT Trial in Chronic Rhinosinusitis with Nasal Polyps in Late-Breaking Session at AAAAI Annual Meeting 2026
Upstream Bio to Participate in Upcoming March Investor Conferences
Upstream Bio to Host Webcast to Report Top-Line Results from the Phase 2 VALIANT Trial of Verekitug in Patients with Severe Asthma
Upstream Bio to Participate in Upcoming November Investor Conferences
Translational Data Illustrate a Mechanism of Greater Potency with Verekitug, a Novel Antibody Antagonist of the TSLP Receptor
Upstream Bio to Present Mechanistic Insights into Verekitug’s Enhanced Potency via TSLP Receptor Targeting at European Academy of Allergy and Clinical Immunology (EAACI) Congress 2025
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 415.22M
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 318.5M
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 1.37
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 124.99
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- -1.85
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 95.88
- EPS
- -2.88
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- -140.13M
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -51.57%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -49.29%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 23.14
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 23.14
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 7.08
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 532.34K
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 7.63
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 1.03M | 668K | 683K | 937K | 566K |
| Gross profit | 1.03M | 668K | 683K | 937K | 566K |
| Operating income | -43.62M | -46.17M | -37.83M | -44.35M | -32.01M |
| EBITDA | -43.57M | -46.11M | -37.79M | -44.31M | -31.97M |
| Net income | -40.59M | -42.46M | -33.75M | -39.97M | -27.27M |
| Basic EPS | -0.75 | -0.78 | -0.63 | -0.74 | -0.51 |
| Diluted EPS | -0.75 | -0.78 | -0.63 | -0.74 | -0.51 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 318.05M | 353.77M | 391.2M | 420.52M | 456.17M |
| Total liabilities | 14.06M | 14M | 12.61M | 11.78M | 10.56M |
| Total equity | 304M | 339.77M | 378.58M | 408.74M | 445.61M |
| Cash & equivalents | 96.72M | 101.58M | 72.16M | 45.46M | 71.31M |
| Current assets | 316.28M | 351.8M | 389.02M | 418.27M | 453.79M |
| Current liabilities | 13.67M | 13.45M | 11.91M | 10.93M | 9.57M |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | -47.85M | -30.63M | -22.24M | -39.24M | -41.17M |
| Investing cash flow | 42.4M | 58.94M | 48.19M | 12.77M | -213.38M |
| Financing cash flow | 598K | 1.1M | 760K | 612K | -34K |
| Change in cash | -4.85M | 29.41M | 26.71M | -25.85M | -254.58M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | SCHEDULE 13G/A — Upstream Bio, Inc. | View Filing | |
| edgar index | 8-K — Upstream Bio, Inc. | View Filing | |
| edgar index | 10-Q — Upstream Bio, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | DEF 14A — Upstream Bio, Inc. | View Filing | |
| edgar index | DEFA14A — Upstream Bio, Inc. | View Filing | |
| edgar index | ARS — Upstream Bio, Inc. | View Filing | |
| edgar index | 8-K — Upstream Bio, Inc. | View Filing | |
| edgar index | 10-K — Upstream Bio, Inc. | View Filing | |
| edgar index | S-8 — Upstream Bio, Inc. | View Filing | |
| edgar index | 424B5 — Upstream Bio, Inc. | View Filing | |
| edgar index | 8-K — Upstream Bio, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| form 4 | Form 4 — Houghton Adam | View Filing | |
| form 4 | Form 4 — Ambrose Allison | View Filing | |
| form 4 | Form 4 — Sutherland Everett Rand | View Filing | |
| form 4 | Form 4 — Deykin Aaron | View Filing | |
| form 4 | Form 4 — GRAY MICHAEL | View Filing | |
| edgar index | 8-K — Upstream Bio, Inc. | View Filing | |
| edgar index | 8-K — Upstream Bio, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| form 4 | Form 4 — Sutherland Everett Rand | View Filing | |
| form 4 | Form 4 — Sutherland Everett Rand | View Filing | |
| form 4 | Form 4 — Houghton Adam | View Filing | |
| form 4 | Form 4 — Houghton Adam | View Filing | |
| form 4 | Form 4 — Ambrose Allison | View Filing | |
| form 4 | Form 4 — Ambrose Allison | View Filing | |
| form 4 | Form 4 — Deykin Aaron | View Filing | |
| form 4 | Form 4 — Deykin Aaron | View Filing | |
| form 4 | Form 4 — GRAY MICHAEL | View Filing | |
| form 4 | Form 4 — GRAY MICHAEL | View Filing | |
| edgar index | SCHEDULE 13G/A — Upstream Bio, Inc. | View Filing | |
| edgar index | SCHEDULE 13G/A — Upstream Bio, Inc. | View Filing | |
| edgar index | 8-K — Upstream Bio, Inc. | View Filing | |
| edgar index | 10-Q — Upstream Bio, Inc. | View Filing | |
| edgar index | S-3ASR — Upstream Bio, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | SCHEDULE 13G — Upstream Bio, Inc. | View Filing | |
| edgar index | 8-K — Upstream Bio, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | SCHEDULE 13G/A — Upstream Bio, Inc. | View Filing | |
| edgar index | 8-K — Upstream Bio, Inc. | View Filing | |
| edgar index | 10-Q — Upstream Bio, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| edgar index | 8-K — Upstream Bio, Inc. | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| edgar index | 4 — Upstream Bio, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — Ratcliffe Liam | View Filing | |
| form 4 | Form 4 — Chimovits Erez | View Filing | |
| form 4 | Form 4 — Fleming Harold Edward | View Filing | |
| form 4 | Form 4 — Renaud Ronald C JR | View Filing | |
| form 4 | Form 4 — Beckman Daniella | View Filing | |
| form 4 | Form 4 — Ruddy Marcella K. | View Filing | |
| edgar index | 8-K — Upstream Bio, Inc. | View Filing | |
| edgar index | 10-Q — Upstream Bio, Inc. | View Filing |