Upstream Bio (UPB) - Net Assets

Net assets on the balance sheet as of September 2025 : HK$2.94 Billion

According to Upstream Bio's latest financial reports the company has HK$2.94 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Upstream Bio - Net assets on balance sheet (from 2023 to 2025)

Net assets by year

Year	Net assets	Change
2024-12-31	$HK$3.64 B	-479.33%
2023-12-31	$-HK$0.97 Billion	15.94%
2022-12-31	$-HK$0.83 Billion

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Upstream Bio (UPB) - Net assets