Zenas BioPharma, Inc. (ZBIO) Financial Ratio Screen

NASDAQ Healthcare United States USD 1045M
INSUFFICIENT / NOT IMPLEMENTED*
Automated financial screen · activity assessed separately
Zenas BioPharma, Inc. (ZBIO) needs additional financial data before the automated screen can be completed. One or more financial fields are missing; this is not a negative screening result.

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MSCI new-inclusion financial-ratio snapshot

ZBIO financial screening at a glance

INSUFFICIENT / NOT IMPLEMENTED*Financial ratios shown separately from business review — not a fatwa
Debt ratio
0.3%
Pass vs 30%
Cash ratio
94.8%
Fail vs 30%
Receivables + cash
N/A
Not available vs 30%
Impermissible income
N/A
Not available vs 5%

Calculation date: 2026-08-31. Financial period used: December 2024. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleMore financial data neededNo negative conclusion follows from missing data
FTSE/Yasaar-styleMore financial data neededNo negative conclusion follows from missing data
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2024Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Biotechnology) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: Zenas BioPharma, Inc., a clinical-stage biopharma company, engages in the development and commercialization of transformative immunology-based therapies. Its lead product candidate is obexelimab, a bifunctional monoclonal antibody designed to bind CD19 and Fc?RIIb for the treatment of various I&I diseases and various indications, including immunoglobulin G4-related disease, multiple sclerosis, and systemic lupus erythematosus. The company develops ZB002, an anti-TNFa monoclonal antibody; ZB004, a CTLA-4-Ig fusion protein designed to have an extended half-life versus; and ZB001, an anti-IGF-1R monoclonal antibody. The company was formerly known as Zenas BioPharma (Cayman) Limited and changed its name to Zenas BioPharma, Inc. in August 2023. The company was incorporated in 2019 and is headquartered in Waltham, Massachusetts.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2024

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 0.3%
/ 30%
94.8%
/ 30%
N/A N/A INSUFFICIENT / NOT IMPLEMENTED*
FTSE 0.3%
/ 33%
94.8%
/ 33%
N/A N/A INSUFFICIENT / NOT IMPLEMENTED*

Financial Highlights

EPS
$-8.44
P/B Ratio
4.1
EV/EBITDA
-3.3
EV: $703M
Revenue
$5M
Growth: -100.0%
Current Ratio
5.6

Profitability

Gross Margin 100.0%
Operating Margin -2113.8%
Net Margin 0.0%
Return on Equity (ROE) -136.2%
Return on Assets (ROA) -35.1%

Cash Flow & Balance Sheet

Operating Cash Flow-$120M
Free Cash Flow-$120M
Total Debt$1M
Debt-to-Equity0.5
Current Ratio5.6
Total Assets$370M

Price & Trading

Last Close$22.16
50-Day MA$23.04
200-Day MA$23.05
Avg Volume878K
52-Week Range
$6.11
$44.60

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2024. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Zenas BioPharma, Inc. (ZBIO)

CEO
Mr. Leon Oliver Moulder Jr., M.B.A.
Employees
167
Sector
Healthcare
Industry
Biotechnology
Country
United States
Exchange
NASDAQ
Market Cap (listing currency)
USD 1045M
Currency
USD

Zenas BioPharma, Inc., a clinical-stage biopharma company, engages in the development and commercialization of transformative immunology-based therapies. Its lead product candidate is obexelimab, a bifunctional monoclonal antibody designed to bind CD19 and Fc?RIIb for the treatment of various I&I diseases and various indications, including immunoglobulin G4-related disease, multiple sclerosis, and systemic lupus erythematosus. The company develops ZB002, an anti-TNFa monoclonal antibody; ZB004, a CTLA-4-Ig fusion protein designed to have an extended half-life versus; and ZB001, an anti-IGF-1R monoclonal antibody. The company was formerly known as Zenas BioPharma (Cayman) Limited and changed its name to Zenas BioPharma, Inc. in August 2023. The company was incorporated in 2019 and is headquartered in Waltham, Massachusetts.

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Frequently Asked Questions

Is Zenas BioPharma, Inc. (ZBIO) halal to invest in?

The current automated result is More financial data is needed. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Zenas BioPharma, Inc.'s debt ratio?

Zenas BioPharma, Inc.'s debt ratio is 0.3% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Zenas BioPharma, Inc.'s key financial metrics?

Zenas BioPharma, Inc. has a market capitalization of USD 1045M in its listing currency, and revenue of $5M. Return on equity stands at -136.2%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: December 2024. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.