10-Q quarterly report · filed Nov 12, 2025

Humacyte, Inc. (HUMA) Q3 2025 10-Q Quarterly Report

Short answer

Humacyte, Inc. (HUMA) filed its Q3 2025 10-Q quarterly report on Nov 12, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $753,000 with net income of −$18M.

Q3 2025 key financials · XBRL

Revenue
$753,000
+150.2% QoQ
Net income
−$18M
+55.3% YoY · +53.5% QoQ
Operating margin
-3239.0%
EPS (diluted)
−$0.12
+62.5% YoY · +55.6% QoQ

Source: XBRL data from the Humacyte, Inc. (HUMA) Q3 2025 10-Q on SEC EDGAR. USD.

Humacyte, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q3 revenue $0.8M vs $0, comprising $0.7M Symvess product sales and $0.1M contract revenue
  • Q3 operating loss $24.4M vs $30.2M; operating margin -3,240.6% vs not meaningful with zero prior-year revenue
  • Best R&D segment AV Access, $1.6M vs $1.9M; worst PAD, $0 vs $22K
  • Nine-month operating cash flow use $78.9M vs $71.5M; cash $19.5M plus restricted cash $0.4M
  • Outlook: operating losses and negative cash flows expected; cash and stock-purchase capacity fund operations at least 12 months

Risk Factors

  • Newly added cost-saving risk triggered by April 28, 2025 workforce reduction of 30 employees
  • Most materially updated risk: cost reductions may produce lower-than-forecast savings and higher-than-forecast charges
  • Operational risk: additional employee attrition could reduce productivity through lost knowledge and transitional inefficiencies
  • Financial risk: severance costs from headcount reductions could negatively affect cash flows
  • Compliance and regulatory risks: no material changes reported from the 10-K

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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