Healthcare · Biotechnology
Price
$20.94
Market Cap
$3.5B
Employees
192
Beta
1.08
Avg Volume
1,712,339
CEO
John G. Cox
Business Description
Dyne Therapeutics, Inc. is a U.S.-based biotechnology firm focused on developing advanced treatments for genetically driven muscle disorders. Utilizing its proprietary FORCE platform, which is engineered to deliver disease-modifying therapeutics, the company is actively engaged in various programs. These initiatives target conditions such as myotonic dystrophy type 1, Duchenne muscular dystrophy, and facioscapulohumeral dystrophy, in addition to other rare skeletal, cardiac, and metabolic muscle diseases. The company was founded in 2017 and maintains its corporate headquarters in Waltham, Massachusetts.
Business History
Price Overview
Last updated: Jun 27, 2026 10:02am (just now)$20.94
+0.33 (+1.60%)
Day Range
$20.43 – $21.62
52-Week Range
$8.06 – $25.00
50-Day MA
$18.41
200-Day MA
$17.85
Volume
4,849,905.00
Analyst Price Targets
Low
$24.00
Consensus
$35.50
High
$47.00
(31 analysts)
Share Structure
Outstanding
165,313,796.00
Float
132,764,499.00
Free Float
80.3%
High free float
— 80.3% of shares trade freely, ~19.7% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-6.03
Stock Price: $20.94
EPS (Diluted): -3.47
EPS (Diluted): -3.47
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.58
Stock Price: $20.94
Total Equity: $972.13M
Shares: 128,442,723
Total Equity: $972.13M
Shares: 128,442,723
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-6.31
Market Cap: $3.46B
Total Debt: $20.28M
Cash: $893.37M
EBITDA: -$437.97M
Total Debt: $20.28M
Cash: $893.37M
EBITDA: -$437.97M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$1.6B
Market Cap: $3.46B
Total Debt: $20.28M
Cash: $893.37M
Total Debt: $20.28M
Cash: $893.37M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.00
Stock Price: $20.94
Revenue: $0.00
Shares: 128,442,723
Revenue: $0.00
Shares: 128,442,723
EV/Sales (Total value vs revenue — works when P/E can't)
API0.00
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
0.0%
Gross Profit: -$2.05M
Revenue: $0.00
Revenue: $0.00
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
0.0%
Operating Income: -$468.18M
Revenue: $0.00
Revenue: $0.00
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
0.0%
Net Income: -$446.21M
Revenue: $0.00
Revenue: $0.00
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-58.3%
Net Income: -$446.21M
Total Equity: $972.13M
Total Equity: $972.13M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-45.6%
Operating Income: -$468.18M
Tax Rate: 0.0%
Equity: $972.13M
Total Debt: $20.28M
Cash: $893.37M
Tax Rate: 0.0%
Equity: $972.13M
Total Debt: $20.28M
Cash: $893.37M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
22.25
Current Assets: $1.13B
Current Liabilities: $50.63M
Current Liabilities: $50.63M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.02
Short-Term Debt: $5.00M
Long-Term Debt: $15.28M
Total Debt: $20.28M
Total Equity: $972.13M
Long-Term Debt: $15.28M
Total Debt: $20.28M
Total Equity: $972.13M
Rev/Share (Top-line per share)
Revenue / Shares Outstanding
—
Revenue: $0.00
Shares: 128,442,723
Shares: 128,442,723
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$7.57
Total Equity: $972.13M
Shares: 128,442,723
Shares: 128,442,723
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-3.15
Operating CF: -$403.21M
CapEx: -$1.92M
Shares: 128,442,723
CapEx: -$1.92M
Shares: 128,442,723
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $20.94
Stock Price: $20.94
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$446.21M
Net Income: -$446.21M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares DYN against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:45pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | $0 | $0 | $2.5M | $2.2M | $2.0M |
| Gross Profit | $0 | $0 | -$2.5M | -$2.2M | -$2.0M |
| Operating Expenses | $150.0M | $171.0M | $239.7M | $341.6M | $466.1M |
| Operating Income | -$150.0M | -$171.0M | -$242.2M | -$343.9M | -$468.2M |
| Net Income | -$149.3M | -$168.1M | -$235.9M | -$317.4M | -$446.2M |
| EBITDA | -$148.2M | -$163.5M | -$233.5M | -$315.2M | -$438.0M |
| EPS | $-2.93 | $-3.23 | $-3.95 | $-3.37 | $-3.47 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:45pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $200.8M | $172.1M | $121.6M | $435.4M | $893.4M |
| Total Current Assets | $382.4M | $265.6M | $129.4M | $659.3M | $1.1B |
| Total Assets | $425.7M | $306.3M | $165.1M | $691.2M | $1.2B |
| Current Liabilities | $28.7M | $28.1M | $51.1M | $42.3M | $50.6M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $15.3M |
| Total Liabilities | $57.5M | $54.0M | $73.8M | $61.4M | $214.8M |
| Total Equity | $368.2M | $252.4M | $91.3M | $629.8M | $972.1M |
| Retained Earnings | -$228.5M | -$396.6M | -$632.5M | -$949.9M | -$1.4B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:45pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$119.6M | -$153.6M | -$188.2M | -$292.4M | -$403.2M |
| Capital Expenditure | -$3.6M | -$3.1M | $-729,000 | -$2.4M | -$1.9M |
| Free Cash Flow | -$123.2M | -$156.7M | -$188.9M | -$294.7M | -$405.1M |
| Acquisitions (net) | $8,000 | $34,000 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$99.6M | -$29.1M | -$50.5M | $313.5M | $458.3M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 5:48pm (16h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$51.3M $11.2M – $108.7M
|
$284.6M $284.6M – $284.6M
|
$827.7M $229.6M – $1.7B
|
$1.4B $385.0M – $2.8B
|
| EBITDA | $0 | $0 | $0 | $0 |
| Net Income |
-$375.2M -$446.2M – -$304.2M
|
-$411.8M -$555.0M – $5.1M
|
-$19.1M -$44.6M – -$1.2M
|
$268.0M $16.2M – $628.1M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:45pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | — | — | — | — |
| Gross Profit Growth | — | — | +8.9% | +8.6% |
| Operating Income Growth | -14.0% | -41.6% | -42.0% | -36.1% |
| Net Income Growth | -12.6% | -40.4% | -34.5% | -40.6% |
| EBITDA Growth | -10.3% | -42.8% | -35.0% | -39.0% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for DYN — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30