TERN — Stock Film
STOCK FILMSCENE 1/11TERN · $52.95
Stock Expert AI presents
TERN
Terns Pharmaceuticals, Inc
~4 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Terns Pharmaceuticals, Inc. What it actually does.

Develop small-molecule single-agent therapies for NASH and obesity. Develop combination therapies for NASH and obesity. Now — the numbers.

on the stock market since 2021
59 employees
$4.8B market value
Revenue last year:
$0
The loss that same year:
$96.2M
Sales don’t cover the costs; the gap drains from the cash pile every year.

The company is still in the product-building phase: its spending runs far above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
The sales picture, year by year.

Red columns mark years that ended in a loss.

$1M
2021
2022
2023
2024
$0
2025
In the vault right now:
$1B
DEBT: $919K
At this pace, that money lasts about 10.6 years.

At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.

Every quarter, analysts set a profit bar.
How many of the last 8 did the company clear?
8 / 8
EXPECTATIONS MET OR BEATEN
8
Aug 2024
May 2026
8 TIMES IN THE LAST 8 QUARTERS
It clears the bar, quarter after quarter.
THE COUNCIL REVIEW
9

angles, checked one by one.

The 3 that stand out are on screen; the rest came back neutral.

The council scores out of 10; report-card grades are out of 100.

WEAK SPOTS
The stock has lost its spark0/10
Thin profit on each sale3/10
Executives aren’t buying3/10
WORTH WATCHING

Profit per Sale: The profit kept from each sale is thin.

THE FIVE-YEAR JOURNEY
Bumpy, but the direction is up.

The stock trades near its peak today. For long-term holders the ride has paid off so far — though past performance guarantees nothing about the future.

1
THE BRIGHT SIDE · 1/2
Strong cash, light debt

There is $1.0B in the vault; even if every debt were paid off, $1.0B would remain.

2
THE BRIGHT SIDE · 2/2
Delivers on expectations

It met or beat analyst expectations in 8 of the last 8 quarters — consistency is a promise kept.

1
THE RISKS · 1/2
Small sales, big loss

A loss of $96.2M against $0 in annual sales.

2
THE RISKS · 2/2
Executives lean toward selling

Over the last 12 months, executives reported 75 sells against just 20 buys. Not an alarm bell by itself, but a number worth watching.

FINALE · THE GRADE
grade pending

We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.

One-line summary: few numbers, an untested story. Keep watching.

What would you like to do next?
Open the stock page →

Not covered, because the filings we hold do not carry it: the revenue breakdown.

This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film