NASDAQ$ALT

Altimmune Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Altimmune reported Q1 2026 revenue of $0 with a net loss of $22.6M and diluted loss per share of $0.18.

For the quarter ended March 31, 2026, Altimmune had no product revenue and reported a net loss of $22.6 million versus $19.6 million a year ago. Diluted loss per share was $0.18 on a weighted average of 124.5 million shares. R&D expense rose to $16.2 million from $15.8 million while G&A was $8.1 million. Other income of $1.7 million was driven primarily by interest income of $2.9 million.

  • No revenue in Q1 2026; net loss widened to $22.6M from $19.6M.
  • R&D spending was $16.2M as clinical programs advanced.
  • Interest income of $2.9M partially offset operating losses.
  • Diluted loss per share was $0.18 versus $0.26 a year ago on a larger share base.
  • The company remains pre-commercial with obesity and liver-disease candidates in development.

Headline financials

Total Revenue

$5K

Previous: $5K+0.0%
EPS (adj)

-$0.18

Previous: -$0.26+30.8%
Capital Expenditures

-$21K

Previous: $0.00
Net Income

-$22.6M

Previous: -$19.6M-15.3%
Operating Income

-$24.2M

Previous: -$21.8M-11.1%

Revenue & EPS history

Altimmune · Revenue · Quarterly

$5K

Q1 2026+0%vs Q1 2025
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Forward guidance

The quarterly filing does not include numeric revenue or EPS guidance. Altimmune outlines clinical milestones for pemvidutide and HepTcell in MD&A without issuing formal financial targets.

Tailwinds

  • Higher interest income helped reduce the net loss per share despite wider operating losses.
  • Ongoing clinical development of lead candidates continues per management discussion.

Headwinds

  • No commercial revenue and rising R&D spend keep the company cash-consumptive.
  • Operating losses remain substantial ahead of potential product approvals.

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+2.4%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+5.6%

Avg return

30 days after

60%

21 / 35 earnings

Positive

+35.0%

Q2 2022

Best reaction

-25.1%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026-2.0%-8.8%-15.3%
Q4 2025-17.6%-9.6%-21.8%
Q3 2025+5.1%+14.1%+39.7%
Q1 2025-4.2%-7.2%+19.0%
Q4 2024+8.1%+0.3%-10.4%
Q3 2024+29.5%+3.5%+16.9%
Q2 2024+12.2%+14.7%+12.7%
Q1 2024+0.8%+9.2%-9.8%
Q4 2023+17.7%+18.3%-16.1%
Q3 2023+1.1%-6.4%+146.4%
Q2 2023+2.0%-4.7%-16.9%
Q1 2023+2.2%-6.6%-19.7%
Q4 2022+1.9%-2.0%-64.3%
Q3 2022+10.3%+12.7%+4.2%
Q2 2022+35.0%+37.3%+55.4%
Q1 2022+31.0%+34.3%+117.0%
Q4 2021+2.2%+12.1%-18.7%
Q3 2021-0.5%+1.3%-12.3%
Q2 2021+6.6%+14.9%+56.8%
Q1 2021+5.2%+4.7%+23.0%
Q4 2020-18.6%-19.5%-29.3%
Q3 2020-25.1%-18.6%-1.1%
Q2 2020-13.5%-5.5%-54.3%
Q1 2020+21.4%+21.6%+103.8%
Q4 2019-7.1%-6.5%-2.8%
Q3 2019-8.0%-10.9%-1.7%
Q2 2019-6.5%-6.5%-0.9%
Q1 2019+2.7%-4.7%-3.5%
Q4 2018+3.4%+6.6%-0.7%
Q3 2018-6.8%-9.1%-31.5%
Q2 2018+4.9%+0.3%-21.0%
Q1 2018+10.8%-1.9%+1.7%
Q4 2017-8.3%-5.9%-36.0%
Q3 2017-1.0%-7.1%-25.1%
Q2 2017-10.3%-12.0%+11.6%
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2012———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q3 2012———
Q2 2012———
Q1 2011———
Q1 2012———
Q4 2011———
Q3 2011———
Q2 2011———
Q4 2010———
Q3 2010———
Q2 2010———
Q1 2010———

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