NASDAQ$CNTA

Centessa Pharmaceuticals plc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Centessa Pharmaceuticals reported a net loss of $50.3 million for the second quarter of 2025 driven by increased R&D spending on its OX2R agonist program.

The company recorded no revenue in the quarter while R&D expenses rose to $42.7 million, primarily from advancing ORX750 and ORX142. Cash, cash equivalents and investments totaled $404.1 million, expected to fund operations into mid-2027. Net loss per share was $0.38 on 133.7 million weighted average shares.

  • Q2 2025 net loss of $50.3 million compared to $43.8 million in Q2 2024, reflecting higher clinical development costs.
  • R&D expenses increased 30% year-over-year to $42.7 million, focused on OX2R agonist franchise including ORX750 Phase 2a and ORX142 Phase 1 initiation.
  • Cash position of $404.1 million provides runway into mid-2027 to support ongoing clinical programs.
  • Discontinuation of LB101 and SerpinPC programs allows capital reallocation to core orexin agonist pipeline.

Headline financials

Total Revenue

$0.00

Previous: $175K-100.0%
EPS (adj)

-$0.38

Previous: -$0.40+5.0%
Research and development expenses

$42.7M

No prior period
General and administrative expenses

$11.9M

No prior period
Capital Expenditures

-$126K

Previous: $0.00
Net Income

-$50.3M

Previous: -$43.8M-14.9%
Operating Income

-$54.7M

Previous: -$44M-24.3%
Cash & Equivalents

$44.2M

Previous: $127M-65.3%
Total Assets

$492M

Previous: $399M+23.4%

Revenue & EPS history

Centessa · Revenue · Quarterly

$0

Q2 2025-100%vs Q2 2024
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Forward guidance

Existing cash, cash equivalents and investments of $404.1 million expected to fund operations into mid-2027.

Tailwinds

  • Strong balance sheet supports advancement of OX2R agonist programs

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+1.0%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+4.0%

Avg return

30 days after

55%

11 / 20 earnings

Positive

+19.4%

Q2 2024

Best reaction

-14.6%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-0.1%-0.3%+0.3%
Q4 2025-4.2%+6.1%+45.9%
Q3 2025-5.2%-5.9%+26.0%
Q1 2025-1.2%-1.6%-0.6%
Q4 2024-4.9%-12.3%-18.2%
Q3 2024+8.1%-4.4%+0.8%
Q2 2024+19.4%+18.5%+43.1%
Q1 2024+0.8%-1.1%+8.1%
Q4 2023-0.2%+2.1%-19.6%
Q3 2023+6.8%+13.4%+7.1%
Q2 2023+3.6%-4.2%+1.0%
Q1 2023+0.2%+0.9%-0.4%
Q4 2022-1.3%-3.1%+21.0%
Q3 2022+5.3%+4.7%+15.1%
Q2 2022-14.6%-22.4%-19.4%
Q1 2022+2.0%-15.7%-21.1%
Q4 2021-0.2%+9.6%-3.0%
Q3 2021+2.5%+9.3%-9.9%
Q1 2021+1.7%+3.4%+2.1%
Q2 2021+1.7%+3.4%+2.1%
Q4 2020

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