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ABVCABVC BioPharma, Inc.

Is ABVC BioPharma struggling financially?

Yes, by its own account. ABVC BioPharma told the SEC on 18 May 2026, in Form 10-Q, that there is substantial doubt about its ability to continue as a going concern.

Going concern disclosed May 2026

5/100

Critical

Sector
Biotech/Pharma
Market cap
$23.7M
Source filing
10-Q 18 May 2026
Balance sheet
30 Jun 2026

Cash runway

  • 0months

    If the burn speeds up

    Empty by Jun 2026

  • 1month

    If it eases off

    Empty by Jul 2026

Both rows are the same reported burn flexed 15% either way, and neither assumes the company raises a cent.

Out of cashTwo years or more

The runway math

Cash and short-term investments

$94K

÷

Cash burned over the last 12 months

$12.4M

What ABVC BioPharma told the SEC

In addition, the Company had net cash outflows of $ 894,243 from operating activities for the three months ended March 31, 2026. These conditions give rise to substantial doubt as to whether the Company will be able to continue as a going concern. To sustain its ability to support the Company’s operating activities, the Company may have to consider supplementing its available sources of funds through the following sources:…

ABVC BioPharma, Inc., Form 10-Q, filed 18 May 2026.

Read the filing on SEC.gov

What this means

  • Not a bankruptcy filing, and not a prediction.
  • It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
  • The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.

What else the numbers show

  • 59.1% share-count increase The company issued stock. Each share now owns 37.2% less of the business than a year ago, before any change in the price.
  • Cash burn is increasing It is spending 247% more cash per year than it was, so the runway above shortens even if nothing else changes.
  • Debt pressure is material Operating earnings cover only -638.0x the interest bill, so the interest is being met out of cash reserves rather than out of the business.

Other Biotech/Pharma companies that filed the doubt