HUMA on Nasdaq
Humacyte, Inc.
American biological products company, incorporated in Delaware.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Aligos Therapeutics, Inc., Outlook Therapeutics, Inc. or Proteon Therapeutics, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product brought in 68% of the revenue Humacyte, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Product | $0 | $1.4M |
| Product and Service, Other | $0 | $649.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue12¢$9.7M
- Research and development88¢$69.3M
Out of $2.0M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $2.0M | $0 |
| Cost of goods sold | $9.7M | $0 |
| Research and development | $69.3M | $88.6M |
| General and administrative | $31.2M | $25.8M |
| Total operating expenses | $110.2M | $114.4M |
| Loss from operations | -$108.1M | -$114.4M |
| Interest income | $2.6M | $4.1M |
| Change in fair value of Contingent Earnout Liability | $59.5M | -$33.0M |
| Interest expense | -$11.2M | -$9.3M |
| Change in fair value of derivatives | $38.8M | $3.9M |
| Loss on extinguishment of debt | -$22.3M | $0 |
| Total other expense, net | $67.3M | -$34.3M |
| Net loss and comprehensive loss | -$40.8M | -$148.7M |
| Net loss per share attributable to common stockholders, basic (in dollars per share) | -$0.26 | -$1.26 |
| Net loss per share attributable to common stockholders, diluted (in dollars per share) | -$0.26 | -$1.26 |
| Weighted-average shares outstanding used in computing net loss per share attributable to common stockholders, basic (in shares) | 158.2M shares | 118.5M shares |
| Weighted-average shares outstanding used in computing net loss per share attributable to common stockholders, diluted (in shares) | 158.2M shares | 118.5M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2025-06-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $50.5M | $44.9M | ||
| Inventory, net | $13.6M | $0 | ||
| Accounts receivable | $441.0K | $0 | ||
| Prepaid expenses and other current assets | $3.3M | $2.9M | ||
| Total current assets | $67.8M | $47.9M | ||
| Restricted cash | $209.0K | $50.2M | ||
| Property and equipment, net | $18.5M | $23.1M | ||
| Finance lease right-of-use assets, net | $29.1M | $15.5M | ||
| Other long-term assets | $672.0K | $1.3M | ||
| Total assets | $116.4M | $137.9M | ||
| Accounts payable | $5.4M | $4.5M | ||
| Accrued expenses | $10.5M | $11.4M | ||
| Finance lease obligation, current portion | $2.4M | $2.9M | ||
| Revenue interest liability, current portion | $0 | $885.0K | ||
| Other current liabilities | $0 | $238.0K | ||
| Total current liabilities | $18.4M | $20.0M | ||
| Long-term debt | $35.4M | $0 | ||
| Contingent Earnout Liability | $11.5M | $71.0M | ||
| Revenue interest liability | $0 | $63.4M | ||
| Common stock warrant liabilities | $19.4M | $19.3M | ||
| Finance lease obligation, net of current portion | $27.0M | $13.6M | ||
| Contingent derivative liability | $0 | $2.4M | ||
| Other long-term liabilities | $1.6M | $983.0K | ||
| Total liabilities | $113.3M | $190.5M | ||
| Preferred stock, $0.0001 par value; 20,000,000 shares designated as of December 31, 2025 and 2024, 0 shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | ||
| Common stock, $0.0001 par value; 350,000,000 and 250,000,000 shares authorized as of December 31, 2025 and 2024, respectively; 193,000,611 and 130,027,509 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $20.0K | $13.0K | ||
| Additional paid-in capital | $729.9M | $633.3M | ||
| Accumulated deficit | -$726.8M | -$686.0M | ||
| Total stockholders equity (deficit) | $3.1M | -$52.7M | $13.5M | |
| Total liabilities and stockholders equity (deficit) | $116.4M | $137.9M | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares designated (in shares) | 20.0M shares | 20.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 350.0M shares | 350.0M shares | 250.0M shares | |
| Common stock, shares issued (in shares) | 193.0M shares | 130.0M shares | ||
| Common stock, shares outstanding (in shares) | 193.0M shares | 130.0M shares |
| Period ending | 2025-12-31 | 2025-06-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $50.5M | $44.9M | ||
| Inventory, net | $13.6M | $0 | ||
| Accounts receivable | $441.0K | $0 | ||
| Prepaid expenses and other current assets | $3.3M | $2.9M | ||
| Total current assets | $67.8M | $47.9M | ||
| Restricted cash | $209.0K | $50.2M | ||
| Property and equipment, net | $18.5M | $23.1M | ||
| Finance lease right-of-use assets, net | $29.1M | $15.5M | ||
| Other long-term assets | $672.0K | $1.3M | ||
| Total assets | $116.4M | $137.9M | ||
| Accounts payable | $5.4M | $4.5M | ||
| Accrued expenses | $10.5M | $11.4M | ||
| Finance lease obligation, current portion | $2.4M | $2.9M | ||
| Revenue interest liability, current portion | $0 | $885.0K | ||
| Other current liabilities | $0 | $238.0K | ||
| Total current liabilities | $18.4M | $20.0M | ||
| Long-term debt | $35.4M | $0 | ||
| Contingent Earnout Liability | $11.5M | $71.0M | ||
| Revenue interest liability | $0 | $63.4M | ||
| Common stock warrant liabilities | $19.4M | $19.3M | ||
| Finance lease obligation, net of current portion | $27.0M | $13.6M | ||
| Contingent derivative liability | $0 | $2.4M | ||
| Other long-term liabilities | $1.6M | $983.0K | ||
| Total liabilities | $113.3M | $190.5M | ||
| Preferred stock, $0.0001 par value; 20,000,000 shares designated as of December 31, 2025 and 2024, 0 shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | ||
| Common stock, $0.0001 par value; 350,000,000 and 250,000,000 shares authorized as of December 31, 2025 and 2024, respectively; 193,000,611 and 130,027,509 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $20.0K | $13.0K | ||
| Additional paid-in capital | $729.9M | $633.3M | ||
| Accumulated deficit | -$726.8M | -$686.0M | ||
| Total stockholders equity (deficit) | $3.1M | -$52.7M | $13.5M | |
| Total liabilities and stockholders equity (deficit) | $116.4M | $137.9M | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares designated (in shares) | 20.0M shares | 20.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 350.0M shares | 350.0M shares | 250.0M shares | |
| Common stock, shares issued (in shares) | 193.0M shares | 130.0M shares | ||
| Common stock, shares outstanding (in shares) | 193.0M shares | 130.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Income (Loss) | -$40.8M | -$148.7M |
| Depreciation expense | $5.3M | $5.1M |
| Stock-based compensation expense | $9.8M | $6.1M |
| Change in fair value of Contingent Earnout Liability | -$59.5M | $33.0M |
| Non-cash interest expense | $9.1M | $7.8M |
| Change in fair value of derivatives | -$38.8M | -$3.9M |
| Loss on disposal of property and equipment | $5.0K | $4.0K |
| Loss on extinguishment of debt | $22.3M | $0 |
| Inventory reserve | $8.9M | $0 |
| Amortization expense | $2.0M | $2.1M |
| Non-cash operating lease costs | $44.0K | $53.0K |
| Accounts receivable | -$261.0K | $0 |
| Inventory | -$21.8M | $0 |
| Prepaid expenses and other current assets | -$527.0K | $88.0K |
| Accounts payable | $973.0K | -$2.0M |
| Accrued expenses | -$1.7M | $2.2M |
| Operating lease obligation | -$44.0K | -$53.0K |
| Net cash used in operating activities | -$105.0M | -$98.1M |
| Purchase of property and equipment, net | -$884.0K | -$1.6M |
| Net cash used in investing activities | -$884.0K | -$1.6M |
| Proceeds from the Term Loan Facility | $39.8M | $0 |
| Payments of transaction costs related to the Loan Agreement | -$774.0K | $0 |
| Payments of costs related to public offering | -$340.0K | -$350.0K |
| Payments on revenue interest liability | -$45.0K | $0 |
| Settlement of the Purchase Agreement | -$88.0M | $0 |
| Proceeds from the Purchase Agreement, net of issuance costs | $0 | $20.0M |
| Payments of transaction costs related to the Purchase Agreement | $0 | -$500.0K |
| Proceeds from the exercise of stock options | $61.0K | $1.5M |
| Proceeds from the JDRF Agreement | $175.0K | $240.0K |
| Payments of finance lease principal | -$2.8M | -$2.6M |
| Net cash provided by financing activities | $61.5M | $114.2M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -$44.4M | $14.5M |
| Unpaid transaction costs related to the Loan Agreement | $446.0K | $0 |
| Increase in right-of-use assets and lease liabilities resulting from lease remeasurement | $15.0M | $0 |
| Accrual of transaction costs associated with public offering | $156.0K | $0 |
| Debt discount from embedded contingent derivative liability | $0 | $1.6M |
| Issuance of commitment shares pursuant to the Common Stock Purchase Agreement | $0 | $708.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Humacyte, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerLaura E. Niklason Aug 27, 2021 to now10
- Chief executive officerRajiv Shukla Sep 17, 2020 to Sep 23, 202011
- PresidentLaura E. Niklason Aug 27, 2021 to now10
- Chief financial officerDale A. Sander Aug 27, 2021 to now12
- Chief financial officerPatrick A. Sturgeon Sep 17, 2020 to Sep 17, 202013
- Chief operating officerHeather Ledbetter Prichard Aug 27, 2021 to Jan 23, 202514
Board members and other officers (23)
- Chief Medical OfficerShamik J. Parikh Apr 5, 2022 to now15
- Chief Medical OfficerKiernan Thomas Deangelis Aug 27, 2021 to Aug 27, 202116
- Chief Regulatory OfficerWilliam Edward Tente Aug 27, 2021 to Aug 27, 202117
- Chief Commercial OfficerWilliam John Scheessele Aug 27, 2021 to now18
- Board memberD. Scott Coward Sep 28, 2026 to now19
- Board memberPaul Brian Kuznik Sep 28, 2026 to now20
- Board memberJohn Philip Bamforth Jun 17, 2024 to now21
- Board memberDiane Seimetz Jun 13, 2022 to now22
- Board memberCharles Bruce Green Sep 19, 2022 to now23
- Board memberBrady W. Dougan Aug 27, 2021 to now24
- Board memberEmery N. Brown Aug 27, 2021 to now25
- Board memberGordon M. Binder Aug 27, 2021 to May 15, 202426
- Board memberKathleen Sebelius Aug 27, 2021 to now27
- Board memberLaura E. Niklason Aug 27, 2021 to now10
- Board memberMax N. Wallace Aug 27, 2021 to now28
- Board memberMichael T. Constantino Aug 27, 2021 to now29
- Board memberSusan Richards Windham-Bannister Aug 27, 2021 to now30
- Board memberTodd Pope Aug 27, 2021 to now31
- Board memberBrian Clanton Robertson Sep 17, 2020 to Sep 17, 202032
- Board memberBruce A. Springer Sep 17, 2020 to Sep 17, 202033
- Board memberRajiv Shukla Sep 17, 2020 to Jun 16, 202311
- Board memberTerrance L. Carlson Sep 17, 2020 to Sep 17, 202034
- Board memberYili Kevin Xie Sep 17, 2020 to Sep 17, 202035
Former names
- Alpha Healthcare Acquisition Corp.Aug 4, 2020 to Aug 26, 20212
Timeline
Filings
397 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 61 major events, 201 insider forms, 24 large holders, 91 other. The latest 20:
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Sep 28, 20263 EDGAR
- Sep 28, 20268-K EDGAR
- Sep 28, 20263 EDGAR
- Sep 15, 20264 EDGAR
- Aug 25, 202625-NSE EDGAR
- Aug 21, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 18, 2026SCHEDULE 13D/A EDGAR
- Aug 12, 202610-Q EDGAR
- Aug 12, 20268-K EDGAR
- Jul 31, 20268-K EDGAR
- Jul 28, 2026SCHEDULE 13G/A EDGAR
- Jul 13, 2026SCHEDULE 13D/A EDGAR
- Jun 22, 2026SCHEDULE 13G EDGAR
- Jun 15, 2026SCHEDULE 13D/A EDGAR
- Jun 12, 20264 OWNERSHIP DOCUMENT EDGAR
- Jun 12, 20264 OWNERSHIP DOCUMENT EDGAR
- Jun 12, 20264 OWNERSHIP DOCUMENT EDGAR
The 397 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 24 such filings since October 2021, the latest 10:
- Aug 18, 2026SCHEDULE 13D/A
- Jul 28, 2026SCHEDULE 13G/A
- Jul 13, 2026SCHEDULE 13D/A
- Jun 22, 2026SCHEDULE 13G
- Jun 15, 2026SCHEDULE 13D/A
- Apr 27, 2026SCHEDULE 13D/A
- Mar 24, 2026SCHEDULE 13D/A
- May 22, 2025SCHEDULE 13D/A
- Nov 20, 2024SC 13D/A
- Nov 18, 2024SC 13D/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| ANTIPODES PARTNERS Ltd | 10,103,647 | $7.9M | 0.1% | +4,379,897 |
| Vanguard Capital Management LLC | 10,107,679 | $7.9M | 0.0% | +2,949,517 |
| Alyeska Investment Group, L.P. | 6,022,925 | $4.7M | 0.0% | New |
| Davidson Kempner Capital Management LP | 5,000,000 | $3.9M | 0.1% | New |
| BlackRock, Inc. | 4,839,929 | $3.8M | 0.0% | −7,477,026 |
| Great Point Partners LLC | 3,750,000 | $2.9M | 0.7% | No change |
| UBS Group AG | 2,843,493 | $2.2M | 0.0% | +61,423 |
| Aqr Capital Management LLC | 2,597,134 | $2.0M | 0.0% | +672,443 |
| Geode Capital Management, LLC | 2,185,225 | $1.7M | 0.0% | −1,472,883 |
| Millennium Management LLC | 1,909,049 | $1.5M | 0.0% | +1,800,895 |
| Susquehanna International Group, Llp | 1,699,243 | $1.3M | 0.0% | +641,195 |
| Citadel Advisors LLC | 1,443,376 | $1.1M | 0.0% | New |
| Charles Schwab Investment Management Inc | 1,353,515 | $1.1M | 0.0% | +62,170 |
| Vanguard Fiduciary Trust Co | 1,181,276 | $921.4K | 0.0% | +170,247 |
| LPL Financial LLC | 1,025,535 | $800.3K | 0.0% | +161,072 |
| Private Advisor Group, LLC | 965,091 | $753.2K | 0.0% | +132,292 |
| State Street Corp | 842,537 | $657.5K | 0.0% | −2,201,392 |
| Hbk Investments L P | 790,000 | $616.5K | 0.0% | New |
| Wealth Effects LLC | 693,920 | $541.5K | 0.1% | +489,420 |
| Lion Point Capital, LP | 650,000 | $507.3K | 2.4% | No change |
| LuminArx Capital Management LP | 650,000 | $507.3K | 0.3% | New |
| Goldman Sachs Group Inc | 586,524 | $457.7K | 0.0% | −90,491 |
| Bank Of America Corp /de/ | 578,592 | $451.3K | 0.0% | +182,479 |
| Vanguard Portfolio Management LLC | 568,521 | $443.4K | 0.0% | −849,304 |
| Woodline Partners LP | 500,582 | $390.7K | 0.0% | −1,502,000 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
12 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| May 3, 2024 | Tommy TubervilleRepublican, Senate | Sale | $1,001 - $15,000 | +141.0% | Report |
| May 3, 2024 | Tommy TubervilleRepublican, Senate | Partial sale | $15,001 - $50,000 | +141.0% | Report |
| Apr 30, 2024 | Tommy TubervilleRepublican, Senate | Partial sale | $50,001 - $100,000 | +142.5% | Report |
| Mar 21, 2024 | Tommy TubervilleRepublican, Senate | Buy | $1,001 - $15,000 | −135.6% | Report |
| Mar 21, 2024 | Tommy TubervilleRepublican, Senate | Buy | $1,001 - $15,000 | −135.6% | Report |
| Mar 21, 2024 | Tommy TubervilleRepublican, Senate | Buy | $15,001 - $50,000 | −135.6% | Report |
| Feb 12, 2024 | Tommy TubervilleRepublican, Senate | Buy | $15,001 - $50,000 | −142.7% | Report |
| Jan 19, 2024 | Tommy TubervilleRepublican, Senate | Partial sale | $1,001 - $15,000 | +143.5% | Report |
| Jul 25, 2023 | Tommy TubervilleRepublican, Senate | Buy | $1,001 - $15,000 | −154.1% | Report |
| Jul 25, 2023 | Tommy TubervilleRepublican, Senate | Buy | $1,001 - $15,000 | −154.1% | Report |
| Jul 25, 2023 | Tommy TubervilleRepublican, Senate | Buy | $1,001 - $15,000 | −154.1% | Report |
| Mar 30, 2022 | Tommy TubervilleRepublican, Senate | Buy | $15,001 - $50,000 | −162.2% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARHumacyte, Inc. filings on SEC EDGAR
- 2SEC EDGARHumacyte, Inc. filings on SEC EDGAR
- 3SEC EDGARHumacyte, Inc. 10-K for fiscal 2025
- 4SEC EDGARHumacyte, Inc. 10-K for fiscal 2020
- 5SEC EDGARHumacyte, Inc. 10-K for fiscal 2021
- 6SEC EDGARHumacyte, Inc. 10-K for fiscal 2022
- 7SEC EDGARHumacyte, Inc. 10-K for fiscal 2023
- 8SEC EDGARHumacyte, Inc. 10-Q for fiscal 2026
- 9SEC EDGARHumacyte, Inc. 10-Q for fiscal 2026
- 10
- 11
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- 13
- 14
- 15
- 16
- 17
- 18
- 19SEC EDGARD. Scott Coward, Board member
- 20SEC EDGARPaul Brian Kuznik, Board member
- 21SEC EDGARJohn Philip Bamforth, Board member
- 22SEC EDGARDiane Seimetz, Board member
- 23SEC EDGARCharles Bruce Green, Board member
- 24SEC EDGARBrady W. Dougan, Board member
- 25SEC EDGAREmery N. Brown, Board member
- 26SEC EDGARGordon M. Binder, Board member
- 27SEC EDGARKathleen Sebelius, Board member
- 28SEC EDGARMax N. Wallace, Board member
- 29SEC EDGARMichael T. Constantino, Board member
- 30
- 31SEC EDGARTodd Pope, Board member
- 32
- 33SEC EDGARBruce A. Springer, Board member
- 34SEC EDGARTerrance L. Carlson, Board member
- 35SEC EDGARYili Kevin Xie, Board member