NASDAQ · HCWB

HCW Biologics Inc.

Closing price · Nov 13, 2026 $0.7731
Last insider buy price $2.59 Paid by CEO, Director, 10% owner Hing Wong on Jul 29, 2026 (Form 4). Not today's price.

Latest quarter · ended Jun 30, 2026

Cash got weaker, but sales grew

descriptionFiled Aug 14, 2026
Revenue growthSlower
+1758.5%
Quarter ended Sep 30, 2024: −50.0% sales vs. a year beforeQuarter ended Dec 31, 2024: −70.2% sales vs. a year beforeQuarter ended Mar 31, 2025: −99.6% sales vs. a year beforeQuarter ended Jun 30, 2025: −98.9% sales vs. a year beforeQuarter ended Sep 30, 2025: −96.3% sales vs. a year beforeQuarter ended Dec 31, 2025: −93.2% sales vs. a year beforeQuarter ended Mar 31, 2026: +128231.7% sales vs. a year beforeQuarter ended Jun 30, 2026: +1758.5% sales vs. a year before
Sep '24Jun '26
$122K vs. $6.55K a year ago
Gross marginWorse
-77.1%
Quarter ended Sep 30, 2024: 20.0% gross marginQuarter ended Dec 31, 2024: 20.0% gross marginQuarter ended Mar 31, 2025: 20.0% gross marginQuarter ended Jun 30, 2025: 20.0% gross marginQuarter ended Sep 30, 2025: 20.0% gross marginQuarter ended Dec 31, 2025: 20.0% gross marginQuarter ended Mar 31, 2026: 100.5% gross marginQuarter ended Jun 30, 2026: -77.1% gross margin
Sep '24Jun '26
vs. 20.0% a year ago
Cash from operationsWorse
−$3.97M
Quarter ended Sep 30, 2024: −$2.93M cash from operationsQuarter ended Dec 31, 2024: −$2.83M cash from operationsQuarter ended Mar 31, 2025: −$3.51M cash from operationsQuarter ended Jun 30, 2025: −$3.28M cash from operationsQuarter ended Sep 30, 2025: −$3.24M cash from operationsQuarter ended Dec 31, 2025: −$3.36M cash from operationsQuarter ended Mar 31, 2026: −$1.58M cash from operationsQuarter ended Jun 30, 2026: −$3.97M cash from operations
Sep '24Jun '26
vs. −$3.28M a year ago
Share countBuying back
−14.7%
Quarter ended Sep 30, 2024: 37.82M sharesQuarter ended Dec 31, 2024: 44.93M sharesQuarter ended Mar 31, 2025: 1.44M sharesQuarter ended Jun 30, 2025: 2.15M sharesQuarter ended Sep 30, 2025: 2.7M sharesQuarter ended Dec 31, 2025: 6.73M sharesQuarter ended Mar 31, 2026: 6.73M sharesQuarter ended Jun 30, 2026: 1.84M shares
Sep '24Jun '26
1.84M shares vs. 2.15M a year ago

Numbers come from the company's own 10-Q and 10-K reports filed with the SEC. Each bar is one quarter, oldest on the left. The colored bar is the latest. Hover over or tap a bar to see its number.

Smart money pulse

What insiders and funds are doing

Mixed Insiders: as of Nov 13 Funds: as of Jun 30, 2026
−1000+100 0
  • info
    No real insider sales in 12 months. Planned 10b5-1 sales and tax withholding are left out.

−100 means everyone selling, +100 everyone buying. This is data, not advice.

How the Pulse works

Pulse runs from −100 (everyone selling) to +100 (everyone buying). Half comes from insiders: real buyers vs. real sellers in the last 90 days (Form 4). Half comes from funds: funds that bought vs. funds that sold last quarter (13F). 13F is a snapshot of long positions on the last day of the quarter, filed up to 45 days later. It does not show short positions or trades since then.

Who owns it

12 funds report owning HCWB, down from 15

Holdings as of Jun 30, 2026
New3
Added4
Held2
Trimmed3
Sold out6

Insider trades · last 12 months

Real buys and sales

● Open-market buy● Open-market sale
CEOCFOOther officersDirectorsDecJanFebMarAprMayJunJulAugSepOctNovOpen-market buy · May 22 · $20.1KOpen-market buy · May 22 · $251KOpen-market buy · May 22 · $161KOpen-market buy · Jul 29 · $20KOpen-market buy · Jul 29 · $20KOpen-market buy · Jul 29 · $60.1K
CEOCFOOther officersDirectorsJunJulAugSepOctNovOpen-market buy · Jul 29 · $20KOpen-market buy · Jul 29 · $20KOpen-market buy · Jul 29 · $60.1K

Last 6 months. A wider screen shows 12.

Showing 6 real trades. Bigger dot means a bigger trade.

Real trades, newest first

Jul 29 Hing Wong CEO, Director, 10% owner Open-market buy $60.1K 23,210 sh at $2.59
Jul 29 Lee Flowers SVP of Business Development Open-market buy $20K 7,736 sh at $2.59
Jul 29 Scott Garrett Director Open-market buy $20K 7,736 sh at $2.59
May 22 Scott Garrett Director Open-market buy $251K 177,936 sh at $1.41
May 22 Hing Wong CEO, Director, 10% owner Open-market buy $161K 113,879 sh at $1.41
May 22 Rebecca Byam CFO Open-market buy $20.1K 14,235 sh at $1.41

Showing every filing. Dashed circles are routine: grants, tax withholding, option exercises and planned sales.

Top holders

Biggest funds in HCWB

As of Jun 30, 2026
FundOwnsValueChange
Jane Street Group, LLC2.8%$260K+2113%
Citadel Advisors LLC1.1%$99.5K+359%
HRT Financial LP0.7%$67K−69%
Vanguard Fiduciary Trust Co0.4%$32.5K+1953%
Tower Research Capital LLC (trc)0.2%$20.5K+66%

"Owns" is shares reported divided by shares outstanding.

Where this data comes from. Insider trades, fund holdings, activist stakes and company results come from public SEC EDGAR filings (Forms 4, 13F, 13D/13G, 10-Q and 8-K). Congress trades come from the STOCK Act reports members file with the House Clerk and the Senate. Daily closing prices come from post-no-preference/stocks on DoltHub, a community-run database shared under CC BY-SA 4.0; the prices we show stay under that license. They are each day's close, not live or official exchange prices.

This is data, not investment advice. About StockToast