Sana Biotechnology, Inc.(SANA)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
SANA Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Sana Biotechnology, Inc. (SANA), a Healthcare sector company. SANA is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), Sana Biotechnology, Inc. reports net income of $-47.2M, free cash flow of $-37.7M. Top institutional holders of SANA by reported 13-F value include FMR, Flagship Pioneering, BlackRock,, based on the most recent SEC filings. SANA trades on the Nasdaq exchange and files with the SEC under CIK 1770121. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SANA 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 Sana Biotechnology, Inc. directly from SEC EDGAR.
Net Income
Q1 2026
$-47.2M
Free Cash Flow
Q1 2026
$-37.7M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
+31.4% YoYOperating Income
+29.9% YoYEPS (Diluted)
+55.1% YoYTotal Assets
-63.1% YoYOp. Cash Flow
+42.7% YoY| Metric | FY 2025 | FY 2021 | FY 2018 |
|---|---|---|---|
| Net Income | $-244.2M +31.4% | $-355.9M | — |
| Operating Income | $-250.3M +29.9% | $-356.9M | — |
| EPS (Diluted) | $-0.96 +55.1% | $-2.14 | — |
| Total Assets | $416.9M -63.1% | $1.13B | — |
| Operating Cash Flow | $-143.8M +42.7% | $-251.1M | — |
AI Insight: SANA Financial Trends
Cash burn has stabilized around $30–50M quarterly, but equity has eroded 65% since mid-2024 as the company funds R&D with no revenue.
• Operating cash outflow narrowed from $59M (Q2 2024) to $37M (Q1 2026), suggesting cost discipline or reduced spending intensity.
• Net losses remain volatile ($42–94M range) but Q3 2025 marked a low of $42M; Q1 2026 at $47M shows continued elevated burn.
• Shareholder equity compressed 65% from $340M (Q2 2024) to $119M (Q1 2026) amid persistent net losses and no revenue generation.
⚠ Equity runway at $119M with $37M quarterly burn implies ~3 quarters of capital remaining unless funding is secured.
⚠ No revenue reported across 8 quarters indicates pipeline remains pre-commercial; clinical or regulatory milestones critical.
AI Insight: SANA Ratio Trends
Sana Biotechnology remains deeply unprofitable with ROE deteriorating to -158.4% in Q1 2026, indicating accelerating cash burn and negative returns on shareholder capital.
• ROE collapsed from -94.5% in Q1 2025 to -158.4% in Q1 2026, worsening 64pp year-over-year.
• ROA declined from -44.4% in Q1 2025 to -50.5% in Q1 2026, indicating deteriorating asset efficiency.
⚠ Q4 2025 ROE spiked to -146.2%, suggesting a severe loss quarter; Q1 2026 worsened further to -158.4%.
⚠ Operating margin, NPM, and ROIC data entirely absent—opaque financial position limits visibility into path to profitability.
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Available Research
13F Pro tracks comprehensive data for Sana Biotechnology, Inc. including:
Top Institutional Holders of SANA
FMR LLC
$107.8M37,430,284 shFlagship Pioneering Inc.
$72.0M25,001,856 shBlackRock, Inc.
$41.0M14,240,175 shSTATE STREET CORP
$30.3M10,538,086 shCANADA PENSION PLAN INVESTMENT BOARD
$29.4M10,221,900 shVANGUARD CAPITAL MANAGEMENT LLC
$21.4M7,434,724 shBAILLIE GIFFORD & CO
$19.0M6,609,065 shGEODE CAPITAL MANAGEMENT, LLC
$12.0M4,181,973 shMarex Group plc
$11.5M3,999,100 shIntegral Health Asset Management, LLC
$9.2M3,200,000 sh
| Fund | Value | Shares |
|---|---|---|
| FMR LLC | $107.8M | 37,430,284 |
| Flagship Pioneering Inc. | $72.0M | 25,001,856 |
| BlackRock, Inc. | $41.0M | 14,240,175 |
| STATE STREET CORP | $30.3M | 10,538,086 |
| CANADA PENSION PLAN INVESTMENT BOARD | $29.4M | 10,221,900 |
| VANGUARD CAPITAL MANAGEMENT LLC | $21.4M | 7,434,724 |
| BAILLIE GIFFORD & CO | $19.0M | 6,609,065 |
| GEODE CAPITAL MANAGEMENT, LLC | $12.0M | 4,181,973 |
| Marex Group plc | $11.5M | 3,999,100 |
| Integral Health Asset Management, LLC | $9.2M | 3,200,000 |
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Popular Research
Is SANA a good stock to buy?
13F Pro's AI-powered analysis of Sana Biotechnology, Inc. (SANA) 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 SANA are available on the SANA 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 SANA?
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 SANA. 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 Sana Biotechnology, Inc.'s investment landscape.