TPST on Nasdaq
Tempest Therapeutics, Inc.
We are a clinical-stage biotechnology company advancing a diversified portfolio of cell therapy and small molecule product candidates.3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerTPST on Nasdaq1
- IndustryPharmaceutical Preparations1
- HeadquartersBrisbane, California1
- Incorporated inDE2
- Business address2000 Sierra Point Parkway, Suite 400, Brisbane, Ca 940052
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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We are a clinical-stage biotechnology company advancing a diversified portfolio of cell therapy and small molecule product candidates. In February 2026, we expanded our pipeline through a strategic transaction under which we acquired rights to a portfolio of dual-targeting chimeric antigen receptor T-cells (“CAR-T”) product candidates with the potential to treat certain blood cancers, solid tumors and immunology indications, including TPST-2003, an autologous CD19/B-cell maturation antigen (“BCMA”) CAR-T therapy currently in clinical development for relapsed or refractory multiple myeloma (“rrMM”).3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development | $12.6M | $28.5M |
| General and administrative | $14.0M | $13.6M |
| Operating loss | -$26.6M | -$42.0M |
| Interest expense | -$207.0K | -$1.3M |
| Interest income and other income (expense), net | $520.0K | $1.5M |
| Other income (expense), net | $313.0K | $183.0K |
| Provision for income taxes | $0 | $0 |
| Net loss | -$26.3M | -$41.8M |
| Net loss per share of common stock and pre-funded warrants, basic | -$6.33 | -$19.50 |
| Net loss per share of common stock and pre-funded warrants, diluted | -$6.33 | -$19.50 |
| Weighted-average shares used in computing basic net loss per share | 4.1M shares | 2.1M shares |
| Weighted-average shares of common stock and pre-funded warrants outstanding, diluted | 4.1M shares | 2.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.9
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash and cash equivalents | $7.7M | $30.3M |
| Prepaid expenses and other current assets | $562.0K | $1.2M |
| Total current assets | $8.3M | $31.5M |
| Property and equipmentnet | $605.0K | $886.0K |
| Operating lease right-of-use assets | $7.5M | $8.6M |
| Other noncurrent assets | $517.0K | $485.0K |
| Total assets | $16.9M | $41.5M |
| Accounts payable | $1.0M | $2.5M |
| Accrued expenses | $937.0K | $2.7M |
| Current loan payable (net of discount and issuance costs of nil and $74, respectively) | $0 | $6.4M |
| Current operating lease liabilities | $1.2M | $869.0K |
| Accrued compensation | $147.0K | $1.8M |
| Interest payable | $0 | $59.0K |
| Total current liabilities | $3.3M | $14.2M |
| Operating lease liabilities, less current portion | $6.9M | $8.1M |
| Total liabilities | $10.3M | $22.4M |
| Common stock, $0.001 par value; 100,000,000 shares authorized; 4,927,161 and 3,382,432 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $5.0K | $3.0K |
| Additional paid-in capital | $240.0M | $226.2M |
| Accumulated deficit | -$233.4M | -$207.1M |
| Total stockholders' equity | $6.7M | $19.1M |
| Total liabilities and stockholders' equity | $16.9M | $41.5M |
| Net of discount and issuance costs, Current | $0 | $74.0K |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 |
| Common stock, shares authorized | 100.0M shares | 100.0M shares |
| Common stock, shares issued | 4.9M shares | 3.4M shares |
| Common stock, shares outstanding | 4.9M shares | 3.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash and cash equivalents | $7.7M | $30.3M |
| Prepaid expenses and other current assets | $562.0K | $1.2M |
| Total current assets | $8.3M | $31.5M |
| Property and equipmentnet | $605.0K | $886.0K |
| Operating lease right-of-use assets | $7.5M | $8.6M |
| Other noncurrent assets | $517.0K | $485.0K |
| Total assets | $16.9M | $41.5M |
| Accounts payable | $1.0M | $2.5M |
| Accrued expenses | $937.0K | $2.7M |
| Current loan payable (net of discount and issuance costs of nil and $74, respectively) | $0 | $6.4M |
| Current operating lease liabilities | $1.2M | $869.0K |
| Accrued compensation | $147.0K | $1.8M |
| Interest payable | $0 | $59.0K |
| Total current liabilities | $3.3M | $14.2M |
| Operating lease liabilities, less current portion | $6.9M | $8.1M |
| Total liabilities | $10.3M | $22.4M |
| Common stock, $0.001 par value; 100,000,000 shares authorized; 4,927,161 and 3,382,432 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $5.0K | $3.0K |
| Additional paid-in capital | $240.0M | $226.2M |
| Accumulated deficit | -$233.4M | -$207.1M |
| Total stockholders' equity | $6.7M | $19.1M |
| Total liabilities and stockholders' equity | $16.9M | $41.5M |
| Net of discount and issuance costs, Current | $0 | $74.0K |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 |
| Common stock, shares authorized | 100.0M shares | 100.0M shares |
| Common stock, shares issued | 4.9M shares | 3.4M shares |
| Common stock, shares outstanding | 4.9M shares | 3.4M 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.9
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$26.3M | -$41.8M |
| Depreciation expense | $266.0K | $389.0K |
| Stock-based compensation expense | $3.1M | $5.3M |
| Noncash lease expense | $1.1M | $1.3M |
| Noncash interest and other expense, net | $85.0K | $202.0K |
| Prepaid expenses and other assets | $615.0K | -$110.0K |
| Accounts payable | -$1.4M | $1.6M |
| Accrued expenses and other liabilities | -$3.4M | $1.3M |
| Interest payable | -$59.0K | -$54.0K |
| Operating lease liabilities | -$870.0K | -$1.1M |
| Cash used in operating activities | -$26.8M | -$33.0M |
| Purchase of property and equipment | $0 | -$435.0K |
| Cash used in investing activities | $0 | -$435.0K |
| Proceeds from the issuance of common stock, net of issuance costs | $6.0M | $28.6M |
| Proceeds from the issuance of pre-funded warrants, net of issuance costs | $3.3M | $0 |
| Proceeds from the issuance of common stock warrants, net of issuance costs | $1.3M | $0 |
| Repayment of loan | -$6.4M | -$4.4M |
| Proceeds from the issuance of common stock under equity plan awards | $47.0K | $307.0K |
| Cash provided by financing activities | $4.3M | $24.5M |
| Net increase in cash and cash equivalents | -$22.6M | -$9.0M |
| Cash paid for interest | $192.0K | $1.2M |
| Cash paid for business taxes | $43.0K | $54.0K |
| Property and equipment in accounts payable | $0 | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led Tempest Therapeutics, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
President
Chief financial officer
Chief operating officer
- Chief executive officerMatthew Angel Feb 6, 2026 to now13
- Chief executive officerLouis J. Arcudi Mar 2, 2021 to Mar 2, 202114
- Chief executive officerStephen R. Brady Jun 29, 2021 to Feb 6, 202615
- Chief executive officerJulia C. Owens Dec 11, 2018 to May 27, 202016
- Chief executive officerChristopher A. Kroeger Sep 11, 2017 to Dec 11, 201817
- ChairJulia C. Owens Mar 19, 2021 to Mar 19, 202118
- PresidentMatthew Angel Feb 6, 2026 to now13
- PresidentStephen R. Brady Oct 13, 2023 to Feb 6, 202619
- PresidentLouis J. Arcudi Mar 2, 2021 to Mar 2, 202114
- PresidentThomas W. Dubensky Jun 29, 2021 to Jan 5, 202320
- PresidentJulia C. Owens Dec 11, 2018 to May 27, 202016
- PresidentArthur Tzianabos Dec 11, 2014 to Dec 7, 201521
- Chief financial officerNicholas Maestas Jan 6, 2025 to now22
- Chief financial officerJennifer Lynn Minai-Azary Feb 9, 2021 to Mar 2, 202123
- Chief financial officerLouis J. Arcudi Dec 11, 2018 to May 27, 202024
- Chief financial officerChristophe Couturier Sep 12, 2016 to Mar 13, 201725
- Chief operating officerPaul W.d. Chapman Mar 7, 2016 to May 12, 201626
- Chief operating officerAlison Francis Lawton Feb 1, 2013 to Jun 11, 201327
- Chief operating officerChristopher A. Bleck Jun 11, 2012 to Dec 7, 201228
Board members and other officers (48)
- Corporate ControllerJustin Trojanowski Oct 4, 2022 to now29
- Corporate ControllerPierre Lorenzo Jun 29, 2021 to Jun 22, 202230
- Chief Medical OfficerSamuel Whiting Jun 30, 2021 to now31
- VP of Strategy and FinanceNicholas Maestas Jul 14, 2021 to Jan 5, 202432
- Chief Medical OfficerChristophe Arbet-Engels Feb 11, 2020 to May 27, 202033
- Chief Development OfficerRyan Zeidan Aug 20, 2019 to May 27, 202034
- Chief Scientific OfficerJames Woodruff Lillie Jan 22, 2018 to Dec 11, 201835
- Chief Medical OfficerPharis Mohideen Dec 11, 2018 to Jan 17, 201936
- EVP, Chief Comm. OfficerTheresa McNeely Dec 11, 2014 to Apr 9, 201537
- Vice President of FinanceChristopher M. Lindblom Jun 11, 2013 to Jun 11, 201338
- Chief Scientific OfficerArthur Tzianabos Sep 12, 2013 to Dec 6, 201339
- Chief Commercial OfficerChristopher A. Bleck Sep 12, 2013 to Sep 12, 201340
- VP and CSOScott C. Chappel Jun 11, 2012 to Jun 11, 201241
- Board memberMatthew Angel Feb 6, 2026 to now13
- Board memberWilliam Drake Richey Jun 8, 2026 to now42
- Board memberJohn D. Yee Jun 17, 2026 to now43
- Board memberLouis J. Arcudi Mar 2, 2021 to Mar 2, 202114
- Board memberMichael Raab Jun 29, 2021 to now44
- Board memberStella Xu Jun 29, 2021 to Sep 20, 202145
- Board memberStephen R. Brady Jun 29, 2021 to now15
- Board memberThomas W. Dubensky Jun 29, 2021 to Jan 5, 202320
- Board memberThomas Woiwode Jun 29, 2021 to Jun 22, 202246
- Board memberChristine A. Pellizzari Jul 6, 2021 to now47
- Board memberRonit Simantov Aug 10, 2021 to now48
- Board memberGeoffrey Nichol Dec 19, 2019 to now49
- Board memberCarol Giltner Gallagher Dec 11, 2018 to Jun 23, 202050
- Board memberCarole Nuechterlein Dec 11, 2018 to Jun 23, 202051
- Board memberHabib J. Dable Dec 11, 2018 to Jun 23, 202052
- Board memberJames M. Hindman Dec 11, 2018 to Jun 23, 202053
- Board memberJulia C. Owens Dec 11, 2018 to May 27, 202016
- Board memberMary Lynne Hedley Dec 11, 2018 to Jun 23, 202054
- Board memberRandall W. Whitcomb Dec 11, 2018 to Jun 21, 201955
- Board memberChristopher A. Kroeger Sep 11, 2017 to Sep 11, 201717
- Board memberJohn P. Howe Md. Jun 8, 2015 to Jun 23, 202056
- Board memberMarc D. Kozin Jan 10, 2014 to Dec 11, 201857
- Board memberHarald F. Stock Feb 12, 2013 to Jan 7, 201658
- Board memberMary Fisher Jun 11, 2013 to Dec 11, 201859
- Board memberChristoph H. Westphal Jun 11, 2012 to Mar 11, 201460
- Board memberDavid J. Orfao Jun 11, 2012 to Aug 15, 201261
- Board memberDavid P. Fialkow Jun 11, 2012 to Aug 15, 201261
- Board memberJeffrey D. Capello Jun 11, 2012 to Jul 6, 201862
- Board memberJoel E. Cutler Jun 11, 2012 to Aug 15, 201261
- Board memberJonathan L. Tilly Jun 11, 2012 to Jun 11, 201363
- Board memberRichard Aldrich Jun 11, 2012 to Dec 11, 201864
- Board memberStephen Kraus Jun 11, 2012 to Jun 17, 201465
- Board memberThomas Malley Oct 26, 2012 to Jul 5, 201766
- General counselTamara L. Joseph Aug 20, 2019 to May 27, 202067
- General counselJeffery M. Brinza Dec 11, 2018 to Jan 17, 201968
Former names
Timeline
- Feb 6, 2026New chief executive Matthew Angel becomes CEO13
- Jun 29, 2021New chief executive Stephen R. Brady becomes CEO15
- Mar 2, 2021New chief executive Louis J. Arcudi becomes CEO14
- Dec 11, 2018New chief executive Julia C. Owens becomes CEO16
- Sep 11, 2017New chief executive Christopher A. Kroeger becomes CEO17
Filings
272 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 70 major events, 68 insider forms, 22 large holders, 4 private raises, 86 other. The latest 20:
- Oct 14, 2026D EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20263 EDGAR
- Oct 2, 2026424B3 PROSPECTUS EDGAR
- Oct 1, 2026EFFECT EDGAR
- Sep 28, 20268-K CURRENT REPORT EDGAR
- Sep 25, 2026S-3 REGISTRATION STATEMENT EDGAR
- Sep 17, 20268-K EDGAR
- Sep 16, 2026DEFA14A EDGAR
- Sep 16, 20268-K EDGAR
- Sep 15, 20268-K EDGAR
- Sep 1, 2026424B3 EDGAR
- Aug 31, 2026EFFECT EDGAR
- Aug 27, 2026CORRESP EDGAR
- Aug 27, 2026UPLOAD EDGAR
- Aug 24, 20268-K EDGAR
- Aug 21, 2026S-1 EDGAR
- Aug 18, 2026DEFA14A EDGAR
- Aug 18, 20268-K EDGAR
- Aug 13, 202610-Q EDGAR
The 272 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
10 open-market trades by officers, directors and large owners since October 2021: 8 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 24, 2026 | Angel MatthewCEO and President | Buy | 231,482 | $2.16 | $500.0K | Form 4 |
| Mar 24, 2026 | Angel MatthewCEO and President | Buy | 231,482 | $2.16 | $500.0K | Form 4 |
| Aug 12, 2024 | Versant Venture Capital VI, L.P.10% owner | Sale | 387,999 | $1.10 | $426.8K | Form 4 |
| Aug 8, 2024 | Versant Venture Capital VI, L.P.10% owner | Sale | 400,000 | $1.35 | $540.0K | Form 4 |
| Jul 3, 2024 | Brady Stephen RPresident and CEO | Buy | 35,000 | $2.11 | $73.8K | Form 4 |
| Jul 2, 2024 | Whiting SamuelChief Medical Officer | Buy | 4,672 | $2.13 | $10.0K | Form 4 |
| Jun 28, 2024 | Trojanowski JustinCorporate Controller | Buy | 7,500 | $2.16 | $16.2K | Form 4 |
| Apr 29, 2022 | Woiwode ThomasDirector | Buy | 2,118,644 | $2.36 | $5.0M | Form 4 |
| Jan 7, 2022 | Dubensky Thomas W.President | Buy | 2,000 | $4.78 | $9.6K | Form 4 |
| Jan 6, 2022 | Whiting SamuelChief Medical Officer | Buy | 1,700 | $4.80 | $8.2K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Versant Venture Capital VI, L.P.SCHEDULE 13D/A, 9 filings Feb 11, 2022 to Apr 2, 202669
- Matthew AngelSCHEDULE 13D/A, 2 filings Feb 10, 2026 to Mar 25, 202670
- SABBY MANAGEMENT, LLCSCHEDULE 13G, 1 filing Jan 21, 202671
- EcoR1 Capital, LLCSC 13G/A, 2 filings Feb 14, 2023 to Feb 14, 202472
- Rock Springs Capital Management LPSC 13G/A, 3 filings Jan 3, 2022 to Feb 14, 202473
- FMR LLCSC 13G/A, 1 filing Feb 9, 202474
- LAV Regulus LtdSC 13G, 1 filing Feb 17, 202275
- CITADEL ADVISORS LLCSC 13G/A, 1 filing Feb 14, 202276
- Ikarian Capital, LLCSC 13G/A, 1 filing Feb 14, 202277
- ROCHE FINANCE LTDSC 13G/A, 1 filing Feb 14, 202278
Money raised
Private offerings the company reported to the SEC on Form D.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Sabby Management, LLC | 511,286 | $567.5K | 4.7% | +493,430 |
| Vanguard Capital Management LLC | 233,888 | $259.6K | 0.0% | No change |
| Geode Capital Management, LLC | 86,625 | $96.2K | 0.0% | −365 |
| Vanguard Fiduciary Trust Co | 68,908 | $76.5K | 0.0% | No change |
| BlackRock, Inc. | 39,068 | $43.4K | 0.0% | No change |
| Squarepoint Ops LLC | 30,900 | $34.3K | 0.0% | New |
| Northern Trust Corp | 20,136 | $22.4K | 0.0% | +6,083 |
| Citadel Advisors LLC | 19,820 | $22.0K | 0.0% | New |
| UBS Group AG | 5,636 | $6.3K | 0.0% | +1,103 |
| Tower Research Capital LLC (TRC) | 3,922 | $4.4K | 0.0% | +1,132 |
| Morgan Stanley | 2,022 | $2.2K | 0.0% | −36 |
| Osaic Holdings, Inc. | 1,513 | $1.7K | 0.0% | −16 |
| Federation des caisses Desjardins du Quebec | 292 | $324 | 0.0% | No change |
| Jones Financial Companies Lllp | 239 | $258 | 0.0% | No change |
| Barclays PLC | 222 | $246 | 0.0% | New |
| SBI Securities Co., Ltd. | 56 | $62 | 0.0% | No change |
| Parallel Advisors, LLC | 18 | $20 | 0.0% | No change |
| Bnp Paribas Financial Markets | 3 | $3 | 0.0% | No change |
| Caitong International Asset Management Co., Ltd | 3 | $3 | 0.0% | New |
| Royal Bank Of Canada | 28 | $0 | 0.0% | +1 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARJulia C. Owens, Chair
- 19SEC EDGARStephen R. Brady, President
- 20SEC EDGARThomas W. Dubensky, President
- 21SEC EDGARArthur Tzianabos, President
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- 30SEC EDGARPierre Lorenzo, Corporate Controller
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- 41SEC EDGARScott C. Chappel, VP and CSO
- 42SEC EDGARWilliam Drake Richey, Board member
- 43SEC EDGARJohn D. Yee, Board member
- 44SEC EDGARMichael Raab, Board member
- 45SEC EDGARStella Xu, Board member
- 46SEC EDGARThomas Woiwode, Board member
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- 48SEC EDGARRonit Simantov, Board member
- 49SEC EDGARGeoffrey Nichol, Board member
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- 51SEC EDGARCarole Nuechterlein, Board member
- 52SEC EDGARHabib J. Dable, Board member
- 53SEC EDGARJames M. Hindman, Board member
- 54SEC EDGARMary Lynne Hedley, Board member
- 55SEC EDGARRandall W. Whitcomb, Board member
- 56SEC EDGARJohn P. Howe Md., Board member
- 57SEC EDGARMarc D. Kozin, Board member
- 58SEC EDGARHarald F. Stock, Board member
- 59SEC EDGARMary Fisher, Board member
- 60SEC EDGARChristoph H. Westphal, Board member
- 61SEC EDGARDavid J. Orfao, Board member
- 62SEC EDGARJeffrey D. Capello, Board member
- 63SEC EDGARJonathan L. Tilly, Board member
- 64SEC EDGARRichard Aldrich, Board member
- 65SEC EDGARStephen Kraus, Board member
- 66SEC EDGARThomas Malley, Board member
- 67SEC EDGARTamara L. Joseph, General counsel
- 68SEC EDGARJeffery M. Brinza, General counsel
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