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Tenaya Therapeutics, Inc. (TNYA) Stock Fundamental Analysis & AI Rating 2026

TNYA Nasdaq Biological Products, (No Diagnostic Substances) DE CIK: 0001858848
Recently Updated • Analysis: Apr 17, 2026 • SEC Data: 2025-12-31
SELL
78% Conf
Pending
Analysis scheduled

📊 TNYA Key Takeaways

Revenue: N/A
Net Margin: N/A
Free Cash Flow: $-68.9M
Current Ratio: 6.84x
Debt/Equity: 0.00x
EPS: $-0.59
AI Rating: SELL with 78% confidence
Tenaya Therapeutics, Inc. (TNYA) receives a SELL rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings., and return on equity (ROE) of -73.5% Below is our complete TNYA stock analysis for 2026.

Is Tenaya Therapeutics, Inc. (TNYA) a Good Investment?

Claude

Tenaya is a pre-revenue stage biotech company with significant operating losses of -$93.3M and negative free cash flow of -$68.9M, indicating no commercial validation. While the balance sheet is strong with $100.5M in cash and zero debt, the current burn rate provides only ~1.5 years of runway, making this a high-execution-risk investment dependent on pipeline success.

Why Buy Tenaya Therapeutics, Inc. Stock? TNYA Key Strengths

Claude
  • + Strong balance sheet with $123.3M stockholders equity and zero long-term debt
  • + Excellent liquidity position with 6.84x current and quick ratios
  • + Improving diluted EPS trend (+55% YoY) despite continued losses suggests potential operational progress
  • + Substantial cash reserves of $100.5M provide near-term operational runway

TNYA Stock Risks: Tenaya Therapeutics, Inc. Investment Risks

Claude
  • ! Pre-revenue stage with no commercial product validation or revenue generation
  • ! Significant operating cash burn of -$68.3M annually limits strategic flexibility
  • ! High clinical/regulatory execution risk with approximately 1.5 years of cash runway at current burn rates
  • ! Negative returns on equity (-73.5%) and assets (-61.7%) indicate capital is not generating returns
  • ! Potential for substantial shareholder dilution if additional capital raises become necessary

Key Metrics to Watch

Claude
  • * Time to first revenue milestone and clinical trial progression updates
  • * Quarterly operating cash burn rate trend and cash runway extension
  • * Clinical pipeline advancement and regulatory approval milestones

Tenaya Therapeutics, Inc. (TNYA) Financial Metrics & Key Ratios

Revenue
N/A
Net Income
$-90.6M
EPS (Diluted)
$-0.59
Free Cash Flow
$-68.9M
Total Assets
$146.9M
Cash Position
$100.5M

💡 AI Analyst Insight

Strong liquidity with a 6.84x current ratio provides a solid financial cushion.

TNYA Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin N/A
Net Margin N/A
ROE -73.5%
ROA -61.7%
FCF Margin N/A

TNYA vs Healthcare Sector: How Tenaya Therapeutics, Inc. Compares

How Tenaya Therapeutics, Inc. compares to Healthcare sector averages

Net Margin
TNYA 0.0%
vs
Sector Avg 12.0%
TNYA Sector
ROE
TNYA -73.5%
vs
Sector Avg 15.0%
TNYA Sector
Current Ratio
TNYA 6.8x
vs
Sector Avg 2.0x
TNYA Sector
Debt/Equity
TNYA 0.0x
vs
Sector Avg 0.6x
TNYA Sector

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

Is Tenaya Therapeutics, Inc. Stock Overvalued? TNYA Valuation Analysis 2026

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

Return on Equity
-73.5%
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.

Tenaya Therapeutics, Inc. Balance Sheet: TNYA Debt, Cash & Liquidity

Current Ratio
6.84x
Quick Ratio
6.84x
Debt/Equity
0.00x
Debt/Assets
16.1%
Interest Coverage
N/A
Long-term Debt
N/A

TNYA Revenue & Earnings Growth: 5-Year Financial Trend

TNYA 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Tenaya Therapeutics, Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-1.31 indicates the company is currently unprofitable.

TNYA 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

Tenaya Therapeutics, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$68.3M
Cash generated from operations
Stock Buybacks
$13.0K
Shares repurchased (TTM)
Capital Expenditures
$618.0K
Investment in assets
Dividends
None
No dividend program

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

Access official SEC EDGAR filings for Tenaya Therapeutics, Inc. (CIK: 0001858848)

📋 Recent SEC Filings

Date Form Document Action
Apr 16, 2026 DEF 14A tnya-20260415.htm View →
Mar 11, 2026 10-K tnya-20251231.htm View →
Mar 11, 2026 8-K tnya-20260311.htm View →
Mar 5, 2026 8-K tnya-20260304.htm View →
Feb 26, 2026 4 xslF345X05/ownership.xml View →

Frequently Asked Questions about TNYA

What is the AI rating for TNYA?

Tenaya Therapeutics, Inc. (TNYA) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are TNYA's key strengths?

Claude: Strong balance sheet with $123.3M stockholders equity and zero long-term debt. Excellent liquidity position with 6.84x current and quick ratios.

What are the risks of investing in TNYA?

Claude: Pre-revenue stage with no commercial product validation or revenue generation. Significant operating cash burn of -$68.3M annually limits strategic flexibility.

What is TNYA's revenue and growth?

Tenaya Therapeutics, Inc. reported revenue of N/A.

Does TNYA pay dividends?

Tenaya Therapeutics, Inc. does not currently pay dividends.

Where can I find TNYA SEC filings?

Official SEC filings for Tenaya Therapeutics, Inc. (CIK: 0001858848) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is TNYA's EPS?

Tenaya Therapeutics, Inc. has a diluted EPS of $-0.59.

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 rating reflects both perspectives for balanced insights.

Is TNYA a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Tenaya Therapeutics, Inc. has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is TNYA stock overvalued or undervalued?

Valuation metrics for TNYA: ROE of -73.5% (sector avg: 15%), net margin of N/A (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy TNYA stock in 2026?

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

What is TNYA's free cash flow?

Tenaya Therapeutics, Inc.'s operating cash flow is $-68.3M, with capital expenditures of $618.0K.

How does TNYA compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin N/A (avg: 12%), ROE -73.5% (avg: 15%), current ratio 6.84 (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: Apr 17, 2026 | Data as of: 2025-12-31 | Powered by Claude AI