HCW Biologics Inc (HCWB) — Cash Flow Quality Index

Latest as of December 2025: -4.67x

HCW Biologics Inc (HCWB) has a Cash Flow Quality Index of -4.67x as of December 2025. Operating cash flow of $-3.36 Million is below net income of $719.23K, suggesting accrual-heavy earnings not yet converted to cash. Explore HCW Biologics Inc long-term investment intensity to see how much of total assets are deployed in long-term investments.

Cash Flow Quality Index

-4.67x

Operating CF / Net Income

Operating Cash Flow

$-3.36 Million

USD

Net Income

$719.23K

USD

Data as of

Dec 2025

Most recent filing

Annual Cash Flow Quality Index for HCW Biologics Inc (None–None)

Year-by-year earnings quality comparison for HCW Biologics Inc. For live market cap and the full company financial profile, see market cap of HCW Biologics Inc.

Year	Quality Index	Operating CF (USD)	Net Income	YoY Change

Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.