NASDAQ$ALLO

Allogene Therapeutics Inc. · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Allogene Therapeutics reported its first quarter 2025 financial results and business update.

Allogene Therapeutics reported a net loss of $59.7 million for the first quarter of 2025, with an EPS of -$0.28. The company ended the quarter with $335.5 million in cash, cash equivalents, and investments, and has extended its cash runway into the second half of 2027 through strategic cost realignment.

  • Nearly 50 sites activated across U.S. for the Pivotal Phase 2 ALPHA3 Trial with Cemacabtagene Ansegedleucel (Cema-Cel) in First-Line (1L) Consolidation in Large B-Cell Lymphoma (LBCL).
  • The Phase 1 RESOLUTION Trial with ALLO-329 in Autoimmune Disease (AID) is on track for a mid-2025 start in rheumatology, with proof-of-concept data moved to 1H 2026.
  • Updated Phase 1 TRAVERSE Trial results for ALLO-316 in Renal Cell Carcinoma (RCC) will be featured in an oral presentation at the 2025 American Society of Clinical Oncology (ASCO) Annual Meeting.
  • Strategic cost realignment and prioritization efforts have extended the cash runway into the second half of 2027.

Headline financials

Total Revenue

$0.00

Previous: $22K-100.0%
EPS (adj)

-$0.28

Previous: -$0.38+26.3%
R&D Expenses

$50.2M

Previous: $52.3M-3.9%
G&A Expenses

$15M

Previous: $17.3M-13.2%
Total Operating Expenses

$65.2M

Previous: $69.5M-6.2%
Interest and Other Income, Net

$5.52M

Previous: $5.43M+1.5%
Interest Expense

$150K

No prior period
Other Income (Expenses), Net

$92K

Previous: -$929K+109.9%
Total Other Income (Expense), Net

$5.46M

Previous: $4.5M+21.2%
Stock-Based Compensation Expense

$12.2M

No prior period
Total Liabilities

$123M

Previous: $127M-3.1%
Total Stockholders' Equity

$385M

Previous: $422M-8.7%
Capital Expenditures

-$99K

Previous: -$8K-1137.5%
Net Income

-$59.7M

Previous: -$65M+8.1%
Operating Income

-$65.2M

Previous: -$69.5M+6.2%

Revenue & EPS history

Allogene · Revenue · Quarterly

$0

Q1 2025-100%vs Q1 2024
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Forward guidance

Allogene Therapeutics expects to extend its cash runway into the second half of 2027 due to strategic cost realignment. The company anticipates a decrease in cash, cash equivalents, and investments by approximately $150 million for 2025, with GAAP Operating Expenses expected to be around $230 million.

Tailwinds

  • Cash runway extended into the second half of 2027.
  • Spend focused on advancing Cema-Cel/ALPHA3 and ALLO-329/RESOLUTION clinical trials to key inflection points.
  • Targeted reductions in manufacturing operations provide key savings while preserving core capabilities.
  • Strategic cost-realignment efforts prioritize high-impact, value-generating programs.
  • Unmatched efficiencies of allogeneic platform reinforce confidence in approach.

Headwinds

  • Lymphodepletion selection and futility analysis shifted to 1H 2026 due to site-related factors.
  • Proof-of-Concept Data for ALLO-329 moved to 1H 2026.
  • Expected decrease in cash, cash equivalents, and investments of approximately $150 million for 2025.
  • GAAP Operating Expenses expected to be approximately $230 million, including estimated non-cash stock-based compensation expense of approximately $45 million.
  • Estimates exclude any impact from potential business development activities.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.1%

Avg return

Earnings day

-2.7%

Avg return

5 days after

-5.0%

Avg return

30 days after

53%

16 / 30 earnings

Positive

+23.7%

Q3 2023

Best reaction

-11.8%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%-16.0%-17.7%
Q4 2025-2.8%-13.0%+10.1%
Q3 2025+10.7%+17.1%+36.2%
Q1 2025-1.8%-1.8%+23.4%
Q4 2024+2.6%-10.6%-23.3%
Q3 2024-4.3%-11.8%-32.0%
Q2 2024-7.5%-7.5%-5.5%
Q1 2024+7.2%+0.4%-6.9%
Q4 2023-4.5%-10.0%-22.1%
Q3 2023+23.7%+15.9%-11.0%
Q2 2023+7.3%-11.3%-15.4%
Q1 2023+20.6%+18.1%+4.9%
Q4 2022+0.2%-5.4%-21.5%
Q3 2022-9.9%-14.2%-10.5%
Q2 2022+1.5%+8.1%-3.5%
Q1 2022+2.3%-18.9%-8.0%
Q4 2021-4.8%-5.9%-0.7%
Q3 2021-0.1%-5.8%-12.6%
Q2 2021+8.2%+3.2%+16.1%
Q1 2021-0.7%-1.4%-19.0%
Q4 2020+0.8%+0.5%-1.9%
Q3 2020-11.8%-17.5%-0.4%
Q2 2020+0.3%-0.6%-10.9%
Q1 2020-0.9%+8.2%+38.1%
Q4 2019+6.1%+8.1%-21.7%
Q3 2019-10.5%-5.5%+2.1%
Q2 2019+4.4%-0.9%-7.4%
Q1 2019-2.1%-2.5%-16.5%
Q4 2018-4.7%-9.3%-5.7%
Q3 2018+3.8%+8.3%-5.5%
Q2 2018
Q1 2018

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