EURONEXT-PAR$ABVX

Abivax SA · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Abivax reported increased R&D spending and a wider net loss in Q1 2025 compared to Q1 2024.

Abivax continued advancing clinical trials for obefazimod, with increased R&D expenses contributing to a higher net loss for the quarter. Despite lower revenue and financial losses, the company maintained a cash position to fund operations through Q4 2025.

  • Net loss increased to €52.4M due to higher R&D expenses.
  • Revenue declined to €994K, down from €1.19M a year earlier.
  • Cash and equivalents stood at €103.6M at quarter-end.
  • Company expects to fund operations through Q4 2025 with current resources.

Headline financials

Total Revenue

$1.08M

No prior period
EPS (adj)

-$0.90

No prior period
R&D Expenses

$42.5M

No prior period
Marketing Expenses

$930K

No prior period
General & Admin Exp.

$8.69M

No prior period
Financial Result

$5.59M

No prior period
Cash from Ops

-$36M

No prior period
Cash from Financing

-$8.48M

No prior period
Net Income

-$56.6M

No prior period
Operating Income

-$51M

No prior period

Revenue & EPS history

Abivax SA · Revenue · Quarterly

$1.08M

Q1 2025
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Forward guidance

Abivax expects to continue advancing clinical trials for obefazimod with cash runway through Q4 2025 and plans for additional financing.

Tailwinds

  • Phase 3 trials for obefazimod in UC fully enrolled as of April 2025.
  • Cash reserves of €103.6M projected to fund operations through Q4 2025.
  • First data readout for ABTECT Phase 3 trials expected in Q3 2025.
  • Preclinical results support future combination therapies.
  • ATM program allows potential access to $150M additional equity capital.

Headwinds

  • Net loss widened by €9.5M year-over-year.
  • R&D expenses increased due to clinical trial expansion.
  • Financial result turned negative due to interest and FX losses.
  • Revenue decreased 16% year-over-year.
  • Uncertainty remains around future funding beyond Q4 2025.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 3 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.7%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+16.9%

Avg return

30 days after

67%

2 / 3 earnings

Positive

+1.5%

Q2 2025

Best reaction

-0.2%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025+1.5%-6.7%+0.7%
Q1 2025-0.2%+11.6%+30.1%
Q4 2023+0.9%+0.4%+20.1%
Q2 2023
Q4 2022
Q2 2022
Q4 2021
Q2 2021
Q4 2020
Q2 2020
Q4 2019
Q2 2019

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