NASDAQ$CRVO

Diffusion Pharmaceuticals Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

CervoMed Inc. reported a net loss of $8.0 million for the first quarter of 2026.

CervoMed Inc. reported no grant revenue in Q1 2026 following completion of the RewinD-LB Trial. Research and development expenses increased modestly to $5.1 million while general and administrative expenses rose to $3.0 million, resulting in an operating loss of $8.1 million. The company ended the quarter with $12.9 million in cash, cash equivalents and marketable securities and reiterated substantial doubt about its ability to continue as a going concern.

  • Grant revenue was $0 compared to $1.9 million in Q1 2025 as NIA funding concluded.
  • R&D expenses were $5.1 million, up 6% year-over-year, driven by CMC and new indication activities.
  • Net loss widened to $8.0 million ($0.86 per share) from $4.9 million ($0.56 per share).
  • Cash, cash equivalents and marketable securities totaled $12.9 million at quarter end.

Headline financials

Total Revenue

$0.00

Previous: $1.92M-100.0%
EPS (adj)

-$0.86

Previous: -$0.56-53.6%
General and administrative expenses

$2.98M

No prior period
Interest income

$147K

No prior period
Research and development expenses

$5.14M

No prior period
Free Cash Flow

-$8.02M

No prior period
Net Income

-$7.96M

Previous: -$4.89M-62.7%
Operating Income

-$8.11M

Previous: -$5.3M-52.9%
Gross Profit

$0.00

No prior period
Cash & Equivalents

$7.94M

No prior period
Total Assets

$15.1M

No prior period

Revenue & EPS history

CervoMed · Revenue · Quarterly

$0

Q1 2026-100%vs Q1 2025
Beat estimate in 6 of 9 quarters(67%)
ActualEstimate

Forward guidance

The company expects to continue incurring operating losses and requires additional financing to advance neflamapimod through clinical development.

Headwinds

  • Substantial doubt exists regarding ability to continue as a going concern.
  • Existing cash runway is less than twelve months from issuance of the financial statements.

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

+0.4%

Avg return

Earnings day

+2.4%

Avg return

5 days after

-11.2%

Avg return

30 days after

31%

20 / 65 earnings

Positive

+39.3%

Q1 2020

Best reaction

-27.6%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.5%
Q4 2025+5.1%-6.7%-7.4%
Q3 2025-0.3%+11.0%+25.3%
Q2 2025+5.5%+3.2%+12.5%
Q1 2025+0.0%-4.1%-17.3%
Q4 2024+3.2%+57.9%+8.3%
Q3 2024-7.6%-11.3%-84.1%
Q2 2024+33.0%+61.9%+39.3%
Q1 2024-1.4%-20.1%-23.0%
Q4 2023-4.9%-12.0%+3.7%
Q3 2023-2.6%+0.2%-10.6%
Q2 2023-1.1%+9.5%+10.4%
Q1 2023-5.4%-1.7%-11.3%
Q4 2022-8.7%-12.7%-27.1%
Q3 2022+21.4%+22.0%+28.6%
Q2 2022-2.0%-1.4%-7.1%
Q1 2022+18.6%+25.5%+25.5%
Q4 2021-3.7%+0.0%-43.0%
Q3 2021-6.7%-4.4%-15.6%
Q2 2021-7.0%-14.0%-3.5%
Q1 2021+0.0%-7.4%-98.5%
Q4 2020+4.9%+4.9%-30.4%
Q3 2020-10.1%-20.3%-6.3%
Q2 2020-0.9%-1.8%-22.7%
Q1 2020+39.3%+121.3%+77.0%
Q4 2019-8.8%-17.6%+17.6%
Q3 2019-27.6%-69.7%-25.0%
Q2 2019-0.9%-3.7%-10.6%
Q1 2019-4.9%-3.8%-29.6%
Q4 2018+3.8%-4.3%-33.6%
Q3 2018+0.0%-12.1%-41.8%
Q2 2018+2.8%+13.9%+11.1%
Q4 2017-3.6%-11.3%-1.9%
Q1 2018-3.6%+1.8%+1.8%
Q3 2017-3.6%-1.5%+3.6%
Q2 2017-7.7%+0.0%+12.5%
Q4 2016-0.6%+3.1%-15.8%
Q1 2017-0.6%+3.1%-15.8%
Q3 2016-3.8%-4.8%-40.0%
Q2 2016+0.0%+0.0%-90.0%
Q1 2016+11.1%
Q4 2015-6.4%
Q3 2015-9.1%
Q2 2015+1.2%
Q1 2015-2.0%
Q4 2014-7.1%
Q3 2014-1.1%
Q2 2014+4.5%
Q1 2014-3.2%
Q4 2013+0.0%
Q3 2013+0.0%
Q2 2013+0.0%
Q1 2013+0.0%
Q4 2012+18.8%
Q3 2012+4.8%
Q2 2012-2.6%
Q1 2012+0.0%
Q4 2011+8.0%
Q3 2011-11.5%
Q2 2011+7.1%
Q1 2011+5.5%
Q4 2010+1.6%
Q3 2010+19.0%
Q2 2010-12.0%
Q1 2010+0.0%

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