Microcap Ledger

Tickers · $HOWL

Werewolf Therapeutics, Inc. $HOWL

By Microcap Ledger desk · CIK 0001785530

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Capital Market
Sector
Pharmaceutical Preparations
Headquarters
Waltham, MA
Fiscal year end
December 31
Shares outstanding
48,599,066 [10-Q 2026-07-31]
as of 2026-07-27

Sources: [10-K 2026-03-27]

What the company doesAI summary of filing

Werewolf Therapeutics is a clinical-stage biopharmaceutical company developing conditionally activated immunotherapies for cancer and immune-mediated diseases using its proprietary PREDATOR platform. The company's lead programs are WTX-124, a conditionally activated IL-2 molecule in Phase 1/1b clinical trials, and WTX-330, a conditionally activated IL-12 molecule in Phase 1b/2 clinical trials, along with preclinical candidates WTX-712, WTX-518, WTX-921, WTX-1011, and WTX-2022. Werewolf has licensed its interferon alpha INDUKINE molecule JZP898 to Jazz Pharmaceuticals and generates revenue through that collaboration. The company is pre-revenue from product sales and is currently exploring strategic alternatives, including potential sale, merger, or licensing arrangements, to extend its capital resources. [10-K 2026-03-27]

Segments: WTX-124 (IL-2 INDUKINE), WTX-330 (IL-12 INDUKINE), INDUCER T cell engagers, JZP898 (IFNα INDUKINE, licensed to Jazz)

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
6 months to Jun 2026—−$9.86M −$3.97M$21.99M[S-4 2026-09-22]
FY ended Dec 2025—−$60.82M −$60.29M$57.05M[S-4 2026-09-22]
FY ended Dec 2024—−$70.52M −$56.19M$111.00M[S-4 2026-09-22]
Quarterly cash burn
−$1.98M
Cash runway Estimate
~33.2 months

Estimate: cash at the end of the period (6 months to Jun 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2024-11-0144,563,153[10-Q 2024-11-07]
2025-03-0544,827,159[10-K 2025-03-11]
2025-05-0244,873,646[10-Q 2025-05-08]
2025-08-0845,728,999[10-Q 2025-08-14]
2025-10-2948,540,200[10-Q 2025-11-04]
2026-03-2048,596,817[10-K 2026-03-27]
2026-05-0148,596,817[10-Q 2026-05-07]
2026-07-2748,599,066[10-Q 2026-07-31]
Shelf registration
S-3 filed 2025-05-08; declared effective 2025-05-15 [S-3 2025-05-08]

Listing status

Current status: 3 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2026-02-06. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.

DateEventDetailsDeadlineFiling
2026-02-068-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-02-06]
2025-10-068-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2025-10-06]
2025-05-158-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2025-05-15]

More on deficiency notices and uplistings: Listing status desk.

Who owns it

Recent Form 4 transactions
DateInsiderTypeSharesPriceFiling
2026-07-07Evnin Lukesell107,429$0.31[4 2026-07-08]
2026-07-06Evnin Lukesell35,770$0.32[4 2026-07-08]
2026-06-29Evnin Lukesell157,084$0.30[4 2026-06-29]
2026-06-17Ra Capital Management, L.P.sell389,216$0.35[4 2026-06-22]
2026-06-17Ra Capital Management, L.P.sell27,695$0.35[4 2026-06-22]
2026-06-16Ra Capital Management, L.P.sell139,686$0.37[4 2026-06-16]
2026-06-16Ra Capital Management, L.P.sell9,939$0.37[4 2026-06-16]
2026-06-15Ra Capital Management, L.P.sell120,216$0.39[4 2026-06-16]
2026-06-15Ra Capital Management, L.P.sell8,554$0.39[4 2026-06-16]
2026-06-12Ra Capital Management, L.P.sell159,119$0.40[4 2026-06-16]
2026-06-12Ra Capital Management, L.P.sell11,322$0.40[4 2026-06-16]
2026-06-11Ra Capital Management, L.P.sell245,066$0.38[4 2026-06-11]

Catalysts and calendar

Facts as of . Small caps move fast; check the latest filings.