NASDAQ$COCP

Cocrystal Pharma Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Cocrystal Pharma reported a net loss of $2.3 million for the first quarter of 2026 while advancing its antiviral pipeline.

Cocrystal Pharma Inc. recorded grant income of $225,000 and a net loss of $2.3 million for the quarter ended March 31, 2026. Research and development expenses were $1.4 million as the company progressed clinical studies for norovirus and influenza candidates. The company ended the quarter with $4.7 million in cash and emphasized the need for additional capital to fund ongoing operations.

  • Grant income of $225,000 recognized from NIH/NIAID SBIR award for influenza program.
  • Net loss of $2.3 million with R&D expenses of $1.4 million supporting antiviral development.
  • Cash position declined to $4.7 million; substantial doubt about going concern raised.
  • Phase 1b norovirus challenge study initiated with CDI-988; Fast Track designation received.

Headline financials

Total Revenue

$225K

Previous: $0.00
EPS (adj)

-$0.17

Previous: -$0.23+26.1%
R&D Expenses

$1.37M

Previous: $1.4M-2.1%
G&A Expenses

$1.21M

Previous: $1M+21.0%
Operating Cash Used

$2.34M

Previous: $2.9M-19.3%
Working Capital

$3.71M

Previous: $6.9M-46.2%
Shares Outstanding

13.8M

Previous: 10.2M+35.2%
Free Cash Flow

-$2.34M

No prior period
Net Income

-$2.3M

Previous: -$2.3M+0.0%
Operating Income

-$2.36M

Previous: -$2.4M+1.8%
Gross Profit

$225K

No prior period
Cash & Equivalents

$4.69M

No prior period
Total Assets

$7.43M

No prior period

Revenue & EPS history

Cocrystal Pharma · Revenue · Quarterly

$225K

Q1 2026

Forward guidance

Company expects to continue incurring substantial operating losses and requires additional capital to fund operations beyond the next 12 months.

Tailwinds

  • Fast Track designation received for CDI-988
  • Phase 1b norovirus challenge study initiated

Headwinds

  • Substantial doubt about ability to continue as going concern
  • Current cash insufficient for 12 months of operations

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 2026

Historical avgQ1 2026

-0.9%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.4%

Avg return

30 days after

33%

19 / 58 earnings

Positive

+25.0%

Q3 2024

Best reaction

-33.3%

Q1 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.6%-11.9%
Q4 2026-2.9%+51.0%+43.0%
Q3 2025+0.0%-3.9%+1.9%
Q2 2025-1.2%-8.9%-6.0%
Q1 2025-7.4%+4.1%+5.5%
Q4 2024+4.1%+6.5%+23.6%
Q3 2024+25.0%+17.6%+8.5%
Q2 2024-10.0%+10.5%-12.1%
Q1 2024+8.1%+12.7%+61.8%
Q4 2023+0.0%-1.3%+4.0%
Q3 2023-1.1%-11.1%-5.3%
Q2 2023+2.1%-5.9%-31.1%
Q1 2023-3.8%-13.2%-3.8%
Q4 2022+4.4%+8.3%+37.8%
Q3 2022+0.0%-3.3%-19.5%
Q2 2022+0.0%-8.7%-23.9%
Q1 2022-5.0%+0.0%+2.5%
Q4 2021+1.7%-1.7%-12.1%
Q3 2021-2.2%-9.9%-22.0%
Q2 2021+2.9%-1.0%+2.9%
Q1 2021+2.7%+1.8%+15.0%
Q4 2020-5.0%-2.5%-24.5%
Q3 2020-2.3%+2.3%+64.4%
Q2 2020-7.3%-10.5%-58.6%
Q1 2020-2.8%-1.4%+30.6%
Q4 2019+5.9%+2.9%+33.8%
Q3 2019-21.0%-30.6%-25.8%
Q2 2019-10.8%-14.9%-34.0%
Q1 2019+0.7%-1.1%-5.5%
Q4 2018+0.7%-1.1%-5.5%
Q3 2018+6.8%+42.2%+91.7%
Q2 2018-5.5%-4.3%-19.4%
Q1 2018+5.0%-14.5%-64.4%
Q4 2017-2.1%+10.9%-30.0%
Q4 2016+0.0%+0.0%-11.5%
Q3 2017+0.0%+0.0%-11.5%
Q2 2017+0.0%+0.0%+52.6%
Q1 2017+0.0%+15.4%+3.8%
Q3 2016+0.0%-8.2%-12.2%
Q2 2016+4.4%+0.0%+11.1%
Q4 2015-3.1%
Q1 2016+7.0%
Q3 2015+0.0%
Q2 2015+0.0%
Q1 2015+16.7%
Q4 2014+16.7%
Q3 2014+0.0%
Q2 2014+12.1%
Q1 2014+12.1%
Q4 2013-3.3%
Q3 2013-21.1%
Q2 2013+0.0%
Q4 2012-33.3%
Q1 2013-33.3%
Q3 2012+0.0%
Q2 2012+0.0%
Q1 2012+0.0%
Q2 2011+0.0%
Q4 2011
Q3 2010
Q3 2011
Q4 2010
Q2 2010
Q1 2011
Q1 2010

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