Transcode Therapeutics, Inc.(RNAZ)Stock Analysis
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Quality rankings require at least $50M annual revenue or $250M total assets to filter out micro-caps and shell companies. This company reported $0.0M in revenue.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
RNAZ Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Transcode Therapeutics, Inc. (RNAZ), a Healthcare sector company. RNAZ is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least $50m annual revenue or $250m total assets to filter out micro-caps and shell companies. this company reported $0.0m in revenue. Based on the latest XBRL financial filings (Q1 2026), Transcode Therapeutics, Inc. reports net income of $-17.8M, free cash flow of $-5.0M. Top institutional holders of RNAZ by reported 13-F value include GEODE CAPITAL MANAGEMENT,, UBS Group AG, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. RNAZ trades on the Nasdaq exchange and files with the SEC under CIK 1829635. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RNAZ 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 Transcode Therapeutics, Inc. directly from SEC EDGAR.
Net Income
Q1 2026
$-17.8M
Free Cash Flow
Q1 2026
$-5.0M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
-97.3% YoYOperating Income
-50.2% YoYEPS (Diluted)
-10.1% YoYTotal Assets
+2040.2% YoYOp. Cash Flow
-23.8% YoY| Metric | FY 2025 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Net Income | $-34.7M -97.3% | $-17.6M -156.7% | $-6.8M -192.0% | $-2.3M | — |
| Operating Income | $-28.0M -50.2% | $-18.6M -202.9% | $-6.2M -746.6% | $-726.6K | — |
| EPS (Diluted) | $-52.59 -10.1% | $-47.75 -5794.5% | $-0.81 -58.8% | $-0.51 | — |
| Total Assets | $162.4M +2040.2% | $7.6M -66.9% | $22.9M +2073.5% | $1.1M | — |
| Operating Cash Flow | $-19.5M -23.8% | $-15.8M -199.3% | $-5.3M -968.4% | $-493.0K | — |
AI Insight: RNAZ Financial Trends
Transcode is in severe cash-burn crisis with no revenue, losses accelerating to $18M net income in Q1 2026, and equity volatility suggesting imminent capital structure stress.
• Net income losses deepened from $-5M in Q3 2025 to $-18M in Q1 2026, a 260% quarterly deterioration.
• Operating cash outflow remained persistent at $-4M to $-8M per quarter; no positive cash generation observed across 9-quarter span.
• Equity swung from $10M (Q1 2025) to $1M (Q3 2025) to $10M (Q4 2025) to $1M (Q1 2026), indicating accounting volatility and minimal financial cushion.
⚠ No revenue reported across all 9 quarters—clinical-stage company with no near-term commercial milestone visibility.
⚠ Operating margin deteriorated sharply: $-3M (Q1 2025) to $-18M (Q1 2026). Runway exhaustion likely within 1–2 quarters at current burn.
⚠ Equity at $1M in latest quarter leaves minimal dilution buffer; debt data absent, raising refinancing and dilution risk.
AI Insight: RNAZ Ratio Trends
ROA deteriorated sharply to -45.3% in Q1 2026, extending a multi-quarter decline from -33.1% in Q4 2025.
• ROA worsened from -33.1% in Q4 2025 to -45.3% in Q1 2026, signaling accelerating net losses relative to assets.
• TTM ROA stood at -25.7% as of March 2026, reflecting sustained unprofitability over the trailing twelve months.
⚠ Q1 2026 ROA reached -45.3%, the worst quarterly figure in the dataset; monitor whether this marks a trough or continued deterioration.
⚠ No operational or balance-sheet metrics available; profitability and leverage trends cannot be assessed beyond ROA.
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Top Institutional Holders of RNAZ
GEODE CAPITAL MANAGEMENT, LLC
$109.7K12,740 shUBS Group AG
$71.4K8,295 shVANGUARD CAPITAL MANAGEMENT LLC
$56.4K6,545 shVANGUARD FIDUCIARY TRUST CO
$25.7K2,982 shTower Research Capital LLC (TRC)
$2.0K228 shWELLS FARGO & COMPANY/MN
$474.0055 shSBI Securities Co., Ltd.
$103.0012 shROYAL BANK OF CANADA
$0.008 sh
| Fund | Value | Shares |
|---|---|---|
| GEODE CAPITAL MANAGEMENT, LLC | $109.7K | 12,740 |
| UBS Group AG | $71.4K | 8,295 |
| VANGUARD CAPITAL MANAGEMENT LLC | $56.4K | 6,545 |
| VANGUARD FIDUCIARY TRUST CO | $25.7K | 2,982 |
| Tower Research Capital LLC (TRC) | $2.0K | 228 |
| WELLS FARGO & COMPANY/MN | $474.00 | 55 |
| SBI Securities Co., Ltd. | $103.00 | 12 |
| ROYAL BANK OF CANADA | $0.00 | 8 |
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Popular Research
Is RNAZ a good stock to buy?
13F Pro's AI-powered analysis of Transcode Therapeutics, Inc. (RNAZ) 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 RNAZ are available on the RNAZ 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 RNAZ?
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 RNAZ. 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 Transcode Therapeutics, Inc.'s investment landscape.