Microcap Ledger

Tickers · $TIL

Instil Bio, Inc. $TIL

By Microcap Ledger desk · CIK 0001789769

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
Biological Products, (No Diagnostic Substances)
Headquarters
Dallas, TX
Fiscal year end
December 31
Shares outstanding
6,781,976 [10-Q 2026-08-13]
as of 2026-08-11

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

What the company doesAI summary of filing

Instil Bio is a pre-revenue biotechnology company focused on identifying and advancing therapeutic opportunities. The company announced in January 2026 that its wholly owned subsidiary, Axion Bio, discontinued development of AXN-2510, a bispecific antibody for solid tumor cancers that had been in-licensed in August 2024, and terminated the related collaboration agreement. Prior to that program, the company pursued development of cell therapies, including a proprietary folate receptor alpha co-stimulatory antigen receptor tumor infiltrating lymphocyte cell therapy for cancer treatment. Instil Bio currently has no product candidate in active development and is actively seeking to in-license or acquire novel therapeutic candidates in diseases with significant unmet medical need. The company has incurred significant losses since inception, identified substantial doubt about its ability to continue as a going concern, and expects to incur losses for the foreseeable future. [10-K 2026-03-27]

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
6 months to Jun 2026—−$8.50M −$5.98M$5.54M[10-Q 2026-08-13]
FY ended Dec 2025—−$71.37M −$36.62M$6.64M[10-K 2026-03-27]
FY ended Dec 2024—−$74.14M −$55.70M$8.80M[10-K 2026-03-27]
Quarterly cash burn
−$2.99M
Cash runway Estimate
~5.6 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
2024-11-116,525,887[10-Q 2024-11-13]
2025-02-286,525,887[10-K 2025-03-04]
2025-05-096,559,927[10-Q 2025-05-13]
2025-08-116,750,716[10-Q 2025-08-13]
2025-11-116,781,976[10-Q 2025-11-13]
2026-03-256,781,976[10-K 2026-03-27]
2026-05-136,781,976[10-Q 2026-05-15]
2026-08-116,781,976[10-Q 2026-08-13]
Shelf registration
S-3 filed 2024-11-13; declared effective 2024-11-21 [S-3 2024-11-13]

Listing status

Current status: No Form 8-K Item 3.01 (listing notice) filings in the last 24 months, as of 2026-10-11.

More on deficiency notices and uplistings: Listing status desk.

Catalysts and calendar

Recent filings and releases
DateTypeTitle
2026-08-1310-QQuarterly report
2026-08-138-KResults of operations
2026-06-118-KShareholder vote results
2026-05-1510-QQuarterly report
2026-05-158-KResults of operations
2026-04-24DEF 14AProxy statement
2026-04-038-KAuditor change
2026-03-2710-KAnnual report
2026-03-278-KResults of operations
2026-02-0913G/ABeneficial ownership report (5%+ holder)
2026-01-068-KMaterial agreement terminated
2025-11-1310-QQuarterly report

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