Passage BIO, Inc.(PASG)Stock Analysis
AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →13F Pro Quality Score
Not in ranked universe
Limited institutional coverage
Quality rankings require at least 50 unique 13-F institutional holders to ensure peer comparisons are meaningful. Only 34 institutional filers currently hold this stock.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
PASG Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Passage BIO, Inc. (PASG), a Healthcare sector company. PASG is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least 50 unique 13-f institutional holders to ensure peer comparisons are meaningful. only 34 institutional filers currently hold this stock. Based on the latest XBRL financial filings (Q1 2026), Passage BIO, Inc. reports net income of $-7.6M, free cash flow of $-13.0M. Top institutional holders of PASG by reported 13-F value include Lynx1 Capital Management, Vestal Point Capital,, RENAISSANCE TECHNOLOGIES, based on the most recent SEC filings. PASG trades on the Nasdaq exchange and files with the SEC under CIK 1787297. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PASG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Passage BIO, Inc. directly from SEC EDGAR.
Net Income
Q1 2026
$-7.6M
Free Cash Flow
Q1 2026
$-13.0M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
+29.2% YoYOperating Income
+30.0% YoYEPS (Diluted)
+31.8% YoYTotal Assets
-39.2% YoYOp. Cash Flow
+34.3% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|
| Net Income | $-46.0M +29.2% | $-65.0M +36.3% | $-102.1M +25.0% | $-136.1M +26.6% | $-185.4M -306.2% | $-45.6M |
| Operating Income | $-49.3M +30.0% | $-70.4M +35.0% | $-108.4M +21.7% | $-138.4M +25.5% | $-185.7M -399.4% | $-37.2M |
| EPS (Diluted) | $-14.35 +31.8% | $-21.04 -1031.2% | $-1.86 +25.6% | $-2.50 +28.2% | $-3.48 | — |
| Total Assets | $62.3M -39.2% | $102.4M -32.0% | $150.5M -38.2% | $243.5M -31.4% | $355.1M +98.8% | $178.6M |
| Operating Cash Flow | $-31.5M +34.3% | $-48.0M +38.7% | $-78.3M +33.8% | $-118.2M +6.8% | $-126.9M -218.0% | $-39.9M |
AI Insight: PASG Financial Trends
Passage BIO is burning cash at a decelerating rate, but equity has eroded 87% since mid-2024—runway is critically constrained.
• Net losses narrowed from $19M (Q3 2024) to $8M (Q3 2025 and Q1 2026), showing operational discipline amid pre-revenue stage.
• Shareholder equity collapsed from $91M (Q2 2024) to $12M (Q1 2026)—company consuming ~$10M equity per quarter on average.
• Operating cash burn improved from $14M (Q1 2025) to $5M–$6M range (Q3 2025), but spiked to $13M outflow in Q1 2026.
⚠ Equity cushion of $12M at Q1 2026 implies <2 quarters of runway at current burn—financing or clinical milestone urgently needed.
⚠ Operating cash flow deteriorated sharply in Q1 2026 ($13M outflow) after improving trend—investigate timing or working capital shifts.
AI Insight: PASG Ratio Trends
Passage BIO remains deeply unprofitable with ROA deteriorating to -82.9% in Q1 2026, showing no meaningful progress toward profitability.
• ROA worsened from -41.8% in Q3 2025 to -82.9% in Q1 2026, a significant reversal after six quarters of gradual improvement.
• ROE remained severely negative across all periods, ranging from -70.6% to -131.9%, reflecting persistent net losses.
⚠ Q1 2026 ROA spike to -82.9% marks the worst quarter since Q1 2025's -71.7%, halting prior stabilization trend.
⚠ Lack of operating and net profit margin data limits visibility into expense management and path to breakeven.
Get alerted when PASG's score changes
Free account: watchlist tracking, the daily AI brief, and the AI screener.
Available Research
13F Pro tracks comprehensive data for Passage BIO, Inc. including:
Top Institutional Holders of PASG
Lynx1 Capital Management LP
$4.9M623,704 shVestal Point Capital, LP
$2.4M305,000 shRENAISSANCE TECHNOLOGIES LLC
$1.0M133,612 shEversept Partners, LP
$1.0M131,581 shVANGUARD CAPITAL MANAGEMENT LLC
$894.6K113,964 shYiheng Capital Management, L.P.
$675.9K86,097 shIkarian Capital, LLC
$534.8K68,124 shErste Asset Management GmbH
$526.9K85,262 shGEODE CAPITAL MANAGEMENT, LLC
$324.9K41,380 shBlackRock, Inc.
$224.5K28,595 sh
| Fund | Value | Shares |
|---|---|---|
| Lynx1 Capital Management LP | $4.9M | 623,704 |
| Vestal Point Capital, LP | $2.4M | 305,000 |
| RENAISSANCE TECHNOLOGIES LLC | $1.0M | 133,612 |
| Eversept Partners, LP | $1.0M | 131,581 |
| VANGUARD CAPITAL MANAGEMENT LLC | $894.6K | 113,964 |
| Yiheng Capital Management, L.P. | $675.9K | 86,097 |
| Ikarian Capital, LLC | $534.8K | 68,124 |
| Erste Asset Management GmbH | $526.9K | 85,262 |
| GEODE CAPITAL MANAGEMENT, LLC | $324.9K | 41,380 |
| BlackRock, Inc. | $224.5K | 28,595 |
More Healthcare Companies
View all Healthcare →Put PASG on your watchlist
Track score changes the day Passage BIO, Inc. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.
Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).
Popular Research
Is PASG a good stock to buy?
13F Pro's AI-powered analysis of Passage BIO, Inc. (PASG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PASG are available on the PASG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own PASG?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PASG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Passage BIO, Inc.'s investment landscape.