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Tango Therapeutics, Inc. (TNGX) Fundamental Analysis & AI Grade 2026

TNGX Nasdaq Pharmaceutical Preparations DE CIK: 0001819133
Updated This Month • Analysis: May 14, 2026 • SEC Data: 2026-03-31
Combined AI Grade
B
68% Confidence
N/A
B
68% Conf
Pending
Analysis scheduled

📊 TNGX Key Takeaways

Revenue: $0.0
Net Margin: N/A
Free Cash Flow: $-44.4M
Current Ratio: 27.38x
Debt/Equity: 0.00x
EPS: $-0.32
AI Grade: B with 68% confidence
Tango Therapeutics, Inc. (TNGX) receives a B fundamental grade with 68% confidence from our AI analysis based on SEC 10-K filings. With revenue of $0, and return on equity (ROE) of -11.6%, Tango Therapeutics, Inc. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete TNGX stock analysis for 2026.

Is Tango Therapeutics, Inc. (TNGX) a Good Investment?

Claude

Pre-revenue pharmaceutical company with improving loss trajectory and fortress balance sheet ($157.8M cash, zero debt), but significant quarterly cash burn ($44.4M) and lack of commercial validation create substantial execution risk. Strong balance sheet provides multi-year runway, but company must achieve product commercialization to justify continued investment.

Tango Therapeutics, Inc. Key Strengths (TNGX)

Claude
  • + Fortress balance sheet with $157.8M in cash and zero long-term debt, providing approximately 3.6 years of runway at current burn rate
  • + Improving loss trajectory with 22.0% YoY improvement in net income and 26.9% improvement in diluted EPS, indicating operational progress
  • + Exceptional liquidity position with 27.38x current ratio and minimal liabilities ($44.3M vs. $435.8M assets)

TNGX Stock Risks: Tango Therapeutics, Inc. Investment Risks

Claude
  • ! Zero revenue indicates pre-commercial stage with binary execution risk dependent on pipeline success and regulatory approval
  • ! Operating cash burn of $44.4M quarterly is unsustainable long-term without revenue generation or further capital raises
  • ! Pharmaceutical development and regulatory risk including clinical trial failures, FDA rejection, and competitive pressures
  • ! Significant dilution risk if additional capital raises become necessary before achieving revenue milestones

Key Metrics to Watch

Claude
  • * Quarterly revenue recognition and pathway to profitability
  • * Cash burn rate and remaining cash runway sustainability
  • * Clinical trial progress, regulatory milestones, and product pipeline advancement

Tango Therapeutics, Inc. (TNGX) Financial Metrics & Key Ratios

Revenue
$0.0
Net Income
$-45.5M
EPS (Diluted)
$-0.32
Free Cash Flow
$-44.4M
Total Assets
$435.8M
Cash Position
$157.8M

💡 AI Analyst Insight

Strong liquidity with a 27.38x current ratio provides a solid financial cushion.

TNGX Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin N/A
Net Margin N/A
ROE -11.6%
ROA -10.4%
FCF Margin N/A

TNGX vs Healthcare Sector: How Tango Therapeutics, Inc. Compares

How Tango Therapeutics, Inc. compares to Healthcare sector averages

Net Margin
TNGX 0.0%
vs
Sector Avg 12.0%
TNGX Sector
ROE
TNGX -11.6%
vs
Sector Avg 15.0%
TNGX Sector
Current Ratio
TNGX 27.4x
vs
Sector Avg 2.0x
TNGX Sector
Debt/Equity
TNGX 0.0x
vs
Sector Avg 0.6x
TNGX Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Tango Therapeutics, Inc. Stock Overvalued? TNGX Valuation Analysis 2026

Based on fundamental analysis, Tango Therapeutics, Inc. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
-11.6%
Sector avg: 15%
Net Profit Margin
N/A
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Tango Therapeutics, Inc. Balance Sheet: TNGX Debt, Cash & Liquidity

Current Ratio
27.38x
Quick Ratio
27.38x
Debt/Equity
0.00x
Debt/Assets
10.2%
Interest Coverage
N/A
Long-term Debt
N/A

TNGX Revenue & Earnings Growth: 5-Year Financial Trend

TNGX 5-year financial data: Year 2021: Revenue $37.0M, Net Income -$52.0M, EPS N/A. Year 2022: Revenue $37.0M, Net Income -$58.2M, EPS $-0.94. Year 2023: Revenue $36.5M, Net Income -$108.2M, EPS $-1.23. Year 2024: Revenue $42.1M, Net Income -$108.2M, EPS $-1.23. Year 2025: Revenue $62.4M, Net Income -$101.7M, EPS $-1.08.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Tango Therapeutics, Inc.'s revenue has grown significantly by 68% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.08 indicates the company is currently unprofitable.

TNGX Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
N/A
Free cash flow / Revenue

TNGX Quarterly Earnings & Performance

Quarterly financial performance data for Tango Therapeutics, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 N/A -$39.9M $-0.32
Q3 2025 $11.6M $15.9M $0.13
Q2 2025 $3.2M -$25.6M $-0.24
Q1 2025 $5.4M -$37.9M $-0.35
Q3 2024 $10.7M -$20.7M $-0.23
Q2 2024 $14.6M -$20.7M $-0.23
Q1 2024 $5.8M -$28.0M $-0.32
Q3 2023 $6.9M -$20.7M $-0.23

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Tango Therapeutics, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$44.4M
Cash generated from operations
Capital Expenditures
-$2.0K
Investment in assets
Dividends
None
No dividend program

TNGX SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Tango Therapeutics, Inc. (CIK: 0001819133)

📋 Recent SEC Filings

Date Form Document Action
Jun 8, 2026 4 xslF345X06/ownership.xml View →
Jun 8, 2026 4 xslF345X06/ownership.xml View →
Jun 8, 2026 4 xslF345X06/ownership.xml View →
Jun 8, 2026 4 xslF345X06/ownership.xml View →
Jun 8, 2026 8-K d158334d8k.htm View →

Frequently Asked Questions about TNGX

What is the AI rating for TNGX?

Tango Therapeutics, Inc. (TNGX) has an AI grade of B with 68% confidence, based on fundamental analysis of SEC EDGAR filings.

What are TNGX's key strengths?

Claude: Fortress balance sheet with $157.8M in cash and zero long-term debt, providing approximately 3.6 years of runway at current burn rate. Improving loss trajectory with 22.0% YoY improvement in net income and 26.9% improvement in diluted EPS, indicating operational progress.

What are the risks of investing in TNGX?

Claude: Zero revenue indicates pre-commercial stage with binary execution risk dependent on pipeline success and regulatory approval. Operating cash burn of $44.4M quarterly is unsustainable long-term without revenue generation or further capital raises.

What is TNGX's revenue and growth?

Tango Therapeutics, Inc. reported revenue of $0.0.

Does TNGX pay dividends?

Tango Therapeutics, Inc. does not currently pay dividends.

Where can I find TNGX SEC filings?

Official SEC filings for Tango Therapeutics, Inc. (CIK: 0001819133) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is TNGX's EPS?

Tango Therapeutics, Inc. has a diluted EPS of $-0.32.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is TNGX's fundamental grade?

Based on our AI fundamental analysis in June 2026, Tango Therapeutics, Inc. has a B grade with 68% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is TNGX stock overvalued or undervalued?

Valuation metrics for TNGX: ROE of -11.6% (sector avg: 15%), net margin of N/A (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is TNGX's AI grade for 2026?

Our dual AI analysis gives Tango Therapeutics, Inc. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is TNGX's free cash flow?

Tango Therapeutics, Inc.'s operating cash flow is $-44.4M, with capital expenditures of $2.0K.

How does TNGX compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin N/A (avg: 12%), ROE -11.6% (avg: 15%), current ratio 27.38 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 14, 2026 | Data as of: 2026-03-31 | Powered by Claude AI