Tenaya Therapeutics
Develops gene therapies and small molecules for genetically defined heart diseases.
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Profile
Develops gene therapies and a targeted small-molecule candidate for genetically defined heart diseases. Its pipeline includes TN-201 and TN-401 gene therapies and TN-301, an HDAC6 inhibitor, with development centered on clinical studies rather than commercial products.
Develops gene therapies and a targeted small-molecule candidate for genetically defined heart diseases. TN-201 is for MYBPC3-associated hypertrophic cardiomyopathy, while TN-401 is for PKP2-associated arrhythmogenic right ventricular cardiomyopathy. TN-301 is an HDAC6 inhibitor for heart failure with preserved ejection fraction and selected rare cardio-metabolic indications.
Based in South San Francisco, California, the clinical-development organization uses internal discovery and AAV gene-therapy capabilities. TN-201 and TN-401 are in Phase 1b/2 trials, with clinical execution shaping the path from data generation to regulatory discussions.
Development priorities have concentrated resources on data from the MyPEAK-1 and RIDGE-1 trials.
Company facts
Key statistics
Year to date −5.1% · Average volume (30d) 1.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Mar 12, 2026 | Leerink Partners | Target | $2 |
| Jan 8, 2026 | Morgan Stanley | Target | $2 |
| Dec 12, 2025 | H.C. Wainwright | Target | $3 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.07 | −$0.20 | −192.7% | $10.0M | $1.1M | −88.9% | −7.51% |
| May 6, 2026Q1 FY26 | −$0.09 | −$0.09 | 0.0% | $7.5M | $225.0K | −97.0% | +7.37% |
| Mar 11, 2026Q4 FY25 | −$0.13 | −$0.12 | +7.7% | $3.0M | — | — | +3.98% |
| Nov 10, 2025Q3 FY25 | −$0.15 | −$0.12 | +20.0% | — | — | — | −0.70% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $225.0K | $1.1M | |
| Gross profit | $0 | −$2.1M | $0 | $3.9M | −$1.5M | $1.1M | |
| Operating income | −$27.5M | −$24.1M | −$20.9M | −$20.8M | −$20.1M | −$44.1M | |
| Net income | −$26.9M | −$23.3M | −$20.3M | −$20.2M | −$19.3M | −$43.4M | |
| Diluted EPS | −$0.24 | −$0.14 | −$0.12 | −$0.12 | −$0.09 | −$0.20 | |
| Gross margin | — | — | — | — | -683.6% | 100.0% | |
| Operating margin | — | — | — | — | -8,917.8% | -3,971.9% |
Fiscal years (4-quarter sums)FY21 $0 · FY22 $0 · FY23 $0 · FY24 $0 · FY25 $0
Balance sheet, Jun 30, 2026Cash & short-term investments $78.1M · Total debt $3.9M · Total assets $93.5M · Shareholders' equity $69.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 217.00M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| TCG Opportunity III GP, LLC | 49.31M | 23.10% | 13D | Feb 26, 2026 |
| David V. Goeddel · director, 10 percent owner: | 49.31M | 22.73% | Form 4 | Mar 7, 2025 |
| Integrated Core Strategies (US) LLC | 11.58M | 5.20% | 13G | Aug 24, 2026 |
| Vanguard Capital Management LLC | 8.48M | 3.91% | 13F | May 15, 2026 |
| Millennium Management LLC | 5.46M | 2.51% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Whittemore Tingley | officer: Chief Medical Officer | −5,787 | $0.7098 |
| Aug 17, 2026 | Faraz Ali | director, officer: Chief Executive Officer | −22,232 | $0.7097 |
| May 18, 2026 | Tomohiro Higa | officer: SVP, Finance | −1,485 | $0.7932 |
| May 18, 2026 | Whittemore Tingley | officer: Chief Medical Officer | −3,121 | $0.7936 |
| May 18, 2026 | Faraz Ali | director, officer: Chief Executive Officer | −3,390 | $0.7934 |
Peers
- Rocket Pharmaceuticals
Clinical PKP2-ARVC gene-therapy program
- Lexeo Therapeutics
Clinical PKP2-ARVC gene-therapy program
- Bristol-Myers Squibb
Commercial HCM myosin-inhibitor therapy
- Cytokinetics
Approved obstructive-HCM myosin-inhibitor therapy
- Eli Lilly
HFpEF SGLT2 therapy and incretin development
- Edgewise Therapeutics
Clinical HCM development program
- AstraZeneca (ADR)
Approved HFpEF SGLT2-inhibitor therapy
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tenaya Therapeutics | $0.6956 | +0.40% | $149.8M | — | — | 112.2 | — |
| Rocket Pharmaceuticals | $3.82 | −0.91% | $421.5M | — | — | — | — |
| Lexeo Therapeutics | $4.77 | −1.95% | $381.6M | — | — | — | — |
| Bristol-Myers Squibb | $66.60 | +0.05% | $136.00B | 14.7 | 10.5 | 2.8 | +5.7% |
| Cytokinetics | $72.50 | +0.54% | $8.97B | — | — | 126.4 | −57.1% |
| Eli Lilly | $1,173.00 | −0.08% | $1.10T | 39.4 | 28.7 | 13.9 | +47.7% |
| Edgewise Therapeutics | $42.76 | −0.04% | $4.60B | — | — | — | — |
| AstraZeneca (ADR) | $161.79 | −0.55% | $252.33B | 24.4 | 15.2 | 4.1 | +6.4% |
| Median | 24.4 | 15.2 | 9.0 | +6.1% |









