Issue 003 | U.S. Pilot | US

INAB

IN8BIO, INC.

Screen state: Passing Source state: Verified 10-Q | 2026-05-07 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 38.4%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 22,662,000USD
Total Liabilities: 3,484,000USD
NCAV: 19,178,000USD
Cash: 21,941,000USD
NCAV per share: 1.95USD/share
Evidence: 5 annual | 19 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Evaluated: 12
Triggered: 3
Unavailable: 7

Requires inspection High NCAV Burn since the previous filing 19,178,000

Latest: 19,178,0002026-03-31
Comparison: 23,156,0002025-12-31
Change: -17.2%

Basis: NCAV burn since previous filing >= 10%; previous NCAV must be positive

Source periods: SEC 10-Q 2026-03-31 · 0001193125-26-212135; REPORTED_FILING 10-K 2025-12-31

Requires inspection Negative OCF -4,947,000

Latest: -4,947,0002026-03-31
Comparison: n/a
Change: n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-03-31 · 0001193125-26-212135

Supporting observation Current Ratio > 1.5 10.5

Latest: 10.52026-03-31
Comparison: 1.5
Change: n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 10-Q 2026-03-31 · 0001193125-26-212135

7 unavailable checks — inspect missing inputs

High Debt (short-term debt + long-term debt) / ordinary equity >= 50%

Low Debt (short-term debt + long-term debt) / ordinary equity < 20%

Material 1Y Share Increase 1Y share change >= +2% using the same share-count source

NCAV Growing equivalent prior-year NCAV change >= +2%; both NCAV values must be positive

No Material 1Y Share Increase 1Y share change > -2% and <= +1% using the same share-count source

Non-Positive Equity ordinary shareholders equity <= 0

Share Count Reduced 1Y share change <= -2% using the same share-count source

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: normalize_to_latest_verified_split_basis | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-03-31 10-Q Open filing	2025-12-31 10-K Open filing	2025-09-30 10-Q Open filing	2025-06-30 10-Q Open filing	2025-03-31 10-Q Open filing	2024-12-31 10-K Open filing	2024-09-30 10-Q Open filing	2024-06-30 10-Q Open filing	2024-03-31 10-Q Open filing	2023-12-31 10-K Open filing	2023-09-30 10-Q Open filing	2023-06-30 10-Q Open filing	2023-03-31 10-Q Open filing	2022-12-31 10-K Open filing	2022-09-30 10-Q Open filing	2022-06-30 10-Q Open filing	2022-03-31 10-Q Open filing	2021-12-31 10-K Open filing	2021-09-30 10-Q Open filing	2021-06-30 10-Q Open filing
Period-end Shares Outstanding	9,847,0899,847,089	9,766,1329,766,132	152,9734,589,196	135,9384,078,139	2,708,62581,258,763	2,416,10872,483,253	1,559,56546,786,948	1,547,82246,434,656	n/an/a	1,442,91143,287,325	1,065,86431,975,929	1,020,20430,606,119	832,02924,960,869	818,17224,545,157	816,73924,502,157	627,94918,838,471	627,07618,812,267	626,04118,781,242	625,15218,754,553	n/an/a
Weighted-average Basic Shares	n/an/a	4,374,3284,374,328	n/an/a	n/an/a	n/an/a	1,784,90153,547,030	1,523,02045,690,587	1,483,12744,493,815	n/an/a	995,49829,864,932	n/an/a	n/an/a	n/an/a	698,93220,967,955	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Weighted-average Diluted Shares	19,467,11419,467,114	4,374,3284,374,328	151,2564,537,683	137,3054,119,153	2,782,73883,482,125	1,784,90153,547,030	1,577,38047,321,394	1,504,20245,126,064	1,442,91143,287,325	995,49829,864,932	1,051,52631,545,783	949,07828,472,346	824,41924,732,580	698,93220,967,955	722,05121,661,544	627,62318,828,680	n/an/a	n/an/a	n/an/a	n/an/a
Basic EPS	-0-0	-4-4	-4-4	-4-4	-0-0	-1-1	-1-1	-0-0	-0-0	-1-1	-1-1	-1-1	-0-0	-1-1	-1-1	-1-1	-0-0	-1-1	-1-1	-2-2
Diluted EPS	-0-0	-4-4	-4-4	-4-4	-0-0	-1-1	-1-1	-0-0	-0-0	-1-1	-1-1	-1-1	-0-0	-1-1	-1-1	-1-1	-0-0	-1-1	-1-1	-2-2
Basic-to-Diluted Share Difference	Insufficient evidence	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	0.0%	3.6%	1.4%	Insufficient evidence	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	0.8%	6284.2%	12.5%	-95.0%	12.1%	54.9%	0.8%	Insufficient evidence	Insufficient evidence	35.4%	4.5%	22.6%	1.7%	0.2%	30.1%	0.1%	0.2%	0.1%	Insufficient evidence	Insufficient evidence
Ownership Claim Change	-0.8%	-98.4%	-11.1%	1892.5%	-10.8%	-35.5%	-0.8%	Insufficient evidence	Insufficient evidence	-26.1%	-4.3%	-18.4%	-1.7%	-0.2%	-23.1%	-0.1%	-0.2%	-0.1%	Insufficient evidence	Insufficient evidence

Verified split events: reverse 30.0 on 2025-12-31

Known Unknowns

Only 19 quarterly periods available from Data Vault for this company.

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-12-31 10-K USD	2024-12-31 10-K USD	2023-12-31 10-K USD	2022-12-31 10-K USD	2021-12-31 10-K USD
Revenue	n/a	n/a	n/a	n/a	n/a
Operating Income	-19,440,000	-30,437,000	-30,337,000	-28,521,000	-14,653,000
Net Income	-19,440,000	-30,437,000	-30,007,000	-28,521,000	-14,653,000
Cash From Operations	-12,712,000	-24,149,000	-23,340,000	-24,121,000	-13,509,000
Capex	n/a	n/a	n/a	n/a	n/a
Free Cash Flow	n/a	n/a	n/a	n/a	n/a
Cash And Equivalents	27,312,000	11,386,000	21,538,000	18,434,000	37,272,000
Accounts Receivable	n/a	n/a	n/a	n/a	n/a
Inventory	n/a	n/a	n/a	n/a	n/a
Total Current Assets	27,880,000	12,578,000	24,625,000	22,234,000	38,980,000
Total Assets	32,282,000	20,944,000	33,709,000	33,039,000	42,223,000
Total Current Liabilities	3,161,000	3,083,000	5,393,000	5,822,000	2,256,000
Total Liabilities	4,724,000	6,466,000	8,772,000	10,307,000	4,040,000
Shareholders Equity	27,558,000	14,478,000	24,937,000	22,732,000	38,183,000
Shares Outstanding	9,766,132	72,483,253	43,287,325	24,545,157	18,781,242
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	4,374,328	53,547,030	29,864,932	20,967,955	9,969,733
Weighted Avg Shares Basic	4,374,328	53,547,030	29,864,932	20,967,955	9,969,733
Net Share Count Change (Normalized)	6284.2%	54.9%	35.4%	0.2%	0.1%
Ownership Claim Change (Normalized)	-98.4%	-35.5%	-26.1%	-0.2%	-0.1%

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Only 19 quarterly periods available from Data Vault for this company.

Metric	2026-03-31 10-Q USD	2025-12-31 10-K USD	2025-09-30 10-Q USD	2025-06-30 10-Q USD	2025-03-31 10-Q USD	2024-12-31 10-K USD	2024-09-30 10-Q USD	2024-06-30 10-Q USD	2024-03-31 10-Q USD	2023-12-31 10-K USD	2023-09-30 10-Q USD	2023-06-30 10-Q USD	2023-03-31 10-Q USD	2022-12-31 10-K USD	2022-09-30 10-Q USD	2022-06-30 10-Q USD	2022-03-31 10-Q USD	2021-09-30 10-Q USD	2021-06-30 10-Q USD
Revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating Income	-5,090,000	-4,942,000	-3,854,000	-5,094,000	-5,550,000	-6,160,000	-7,086,000	-8,629,000	-8,562,000	-7,928,000	-7,169,000	-7,715,000	-7,525,000	-7,798,000	-7,399,000	-7,179,000	-6,145,000	-3,391,000	-3,050,000
Net Income	-5,090,000	-4,942,000	-3,854,000	-5,094,000	-5,550,000	-6,160,000	-7,086,000	-8,629,000	-8,562,000	-7,598,000	-7,169,000	-7,715,000	-7,525,000	-7,798,000	-7,399,000	-7,179,000	-6,145,000	-3,391,000	-3,050,000
Cash From Operations	-4,947,000	-2,139,000	-3,524,000	-3,927,000	-3,122,000	-4,028,000	-6,111,000	-6,091,000	-7,919,000	-4,850,000	-5,713,000	-5,338,000	-7,439,000	-7,949,000	-5,741,000	-5,872,000	-4,559,000	-6,365,000	n/a
Capex	n/a	n/a	0	0	0	n/a	0	-21,000	-50,000	n/a	0	-36,000	-371,000	n/a	-39,000	-1,000	-8,000	n/a	n/a
Free Cash Flow	n/a	n/a	-3,524,000	-3,927,000	-3,122,000	n/a	-6,111,000	-6,112,000	-7,969,000	n/a	-5,713,000	-5,374,000	-7,810,000	n/a	-5,780,000	-5,873,000	-4,567,000	n/a	n/a
Cash And Equivalents	22,161,000	n/a	10,962,000	13,497,000	12,157,000	n/a	4,260,000	10,476,000	13,271,000	n/a	13,108,000	17,246,000	11,113,000	n/a	27,899,000	25,994,000	32,358,000	40,675,000	11,999,000
Total Current Assets	22,662,000	27,880,000	11,768,000	13,741,000	12,725,000	12,578,000	6,703,000	12,682,000	n/a	24,625,000	16,549,000	19,465,000	14,402,000	22,234,000	29,654,000	26,999,000	33,274,000	43,877,000	12,167,000
Total Liabilities	3,484,000	4,724,000	3,579,000	4,132,000	5,992,000	6,466,000	7,378,000	8,875,000	n/a	8,772,000	8,450,000	7,919,000	7,890,000	10,307,000	8,819,000	4,420,000	3,703,000	4,096,000	3,903,000
Shares Outstanding	9,847,089	9,766,132	4,589,196	4,078,139	81,258,763	72,483,253	46,786,948	46,434,656	n/a	43,287,325	31,975,929	30,606,119	24,960,869	24,545,157	24,502,157	18,838,471	18,812,267	18,754,553	3,764,488
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	19,467,114	4,374,328	4,537,683	4,119,153	83,482,125	78,250,286	47,321,394	45,126,064	43,287,325	34,582,309	31,545,783	28,472,346	24,732,580	24,510,679	21,661,544	18,828,680	18,800,546	13,377,682	3,764,488
Weighted Avg Shares Basic	19,467,114	4,374,328	4,537,683	4,119,153	83,482,125	78,250,286	47,321,394	45,126,064	43,287,325	34,582,309	31,545,783	28,472,346	24,732,580	24,510,679	21,661,544	18,828,680	18,800,546	13,377,682	3,764,488
Net Share Count Change (Normalized)	0.8%	6284.2%	12.5%	-95.0%	12.1%	54.9%	0.8%	Insufficient evidence	Insufficient evidence	35.4%	4.5%	22.6%	1.7%	0.2%	30.1%	0.1%	0.2%	Insufficient evidence	Insufficient evidence
Ownership Claim Change (Normalized)	-0.8%	-98.4%	-11.1%	1892.5%	-10.8%	-35.5%	-0.8%	Insufficient evidence	Insufficient evidence	-26.1%	-4.3%	-18.4%	-1.7%	-0.2%	-23.1%	-0.1%	-0.2%	Insufficient evidence	Insufficient evidence

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	22,662,000USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001740279/companyfacts.json Data Vault \| sec/companyfacts/cik=0001740279/companyfacts.json
Total Liabilities	3,484,000USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001740279/companyfacts.json Data Vault \| sec/companyfacts/cik=0001740279/companyfacts.json
Cash	22,161,000USD	us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2026-03-31	1.00	n/a
Shares Outstanding	9,847,089	us-gaap:CommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001740279/companyfacts.json Data Vault \| sec/companyfacts/cik=0001740279/companyfacts.json
NCAV	19,178,000USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	1.95USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	38.4%	derived	2026-03-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: n/a
CIK: 0001740279
Company ID: n/a
Selected Annual Source: n/a
Selected Quarterly Source: n/a
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 21
Imported At: 2026-08-15T12:52:13+00:00
Rendered At: 2026-08-16T03:29:48+00:00

Run Audit

Mary Run: 8f67c1da7de642feb640d04491409c50
Mary As Of: 2026-07-25
Accession: 0001193125-26-212135
CIK: 0001740279
Mary Filing Date: 2026-05-07
Filing Currency: USD
Internal Discount: 38.4%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=8f67c1da7de642feb640d04491409c50; mary_as_of=2026-07-25; mary_filing_date=2026-05-07; mary_accession=0001193125-26-212135; mary_cik=0001740279; gnni_supporting_filing_date=2026-05-07; internal_discount=0.383851; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

Back to Register Report a correction Archive