NASDAQ$ALT

Altimmune Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Altimmune reported its Q2 2025 financial results showing continued net losses amid ongoing clinical development.

For the three months ended June 30, 2025, Altimmune recorded minimal revenue of $5 thousand and a net loss of $22.1 million, or $0.27 per share. Research and development expenses decreased to $17.2 million while cash and cash equivalents reached $183.1 million following equity raises and a new term loan. The company remains focused on pemvidutide development for MASH, AUD, and ALD with no product revenue generated.

  • Q2 2025 net loss narrowed to $22.1 million from $24.6 million in Q2 2024.
  • R&D expenses fell 19% year-over-year to $17.2 million as MASH trial enrollment completed.
  • Cash position strengthened to $183.1 million after $72.6 million in ATM equity proceeds and $15 million term loan draw.
  • Pemvidutide Phase 2b IMPACT trial topline data showed strong MASH resolution rates supporting further development.

Headline financials

Total Revenue

$5K

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

-$0.27

Previous: -$0.35+22.9%
Cash and short-term investments

$183M

Previous: $132M+38.8%
Capital Expenditures

-$10K

Previous: -$47K+78.7%
Net Income

-$22.1M

Previous: -$24.6M+10.1%
Operating Income

-$22.9M

Previous: -$26.7M+14.3%
Cash & Equivalents

$183M

No prior period

Revenue & EPS history

Altimmune · Revenue · Quarterly

$5K

Q2 2025+0%vs Q2 2024
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

+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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