HCW Biologics Inc. (HCWB) Gross margin 2022–2025
HCW Biologics Inc. (HCWB) gross margin by fiscal year — reported gross profit divided by reported revenue.
20.0%FY2025 · since FY2022: 38.5% → 20.0%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 20.0% | -17.4 pp |
| FY2024 | 37.4% | +17.7 pp |
| FY2023 | 19.7% | -18.8 pp |
| FY2022 | 38.5% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice