NASDAQ$DNTH

Dianthus Therapeutics Inc · Q2 2026 earnings

Q2 2026 earnings · · After market close

Briefing

Dianthus Therapeutics reported Q2 2026 financial results with a widened net loss driven by increased R&D spending on clinical trials.

Dianthus Therapeutics Inc. reported financial results for the quarter ended June 30, 2026, showing a net loss of $50.2 million or $0.90 per share. Research and development expenses rose to $48.7 million, while general and administrative expenses were $13.6 million. The company maintained a strong cash position of approximately $1.2 billion, providing runway into 2030, alongside progress on multiple clinical programs for claseprubart and other candidates.

  • Net loss widened to $50.2 million ($0.90 per share) from $31.6 million ($0.88 per share) in Q2 2025.
  • R&D expenses increased to $48.7 million, primarily due to higher clinical costs and headcount for Phase 2/3 development.
  • G&A expenses totaled $13.6 million, up from $8.9 million year-over-year due to increased headcount.
  • Cash, cash equivalents, and investments stood at ~$1.2 billion as of June 30, 2026, expected to fund operations into 2030.

Headline financials

Total Revenue

$760K

Previous: $193K+293.8%
EPS (adj)

-$0.90

Previous: $35.00-102.6%
R&D Expenses

$48.7M

No prior period
G&A Expenses

$13.6M

No prior period
Net Income

-$50.2M

Previous: -$31.6M-58.7%
Operating Income

-$62.3M

Previous: -$34.9M-78.4%
Cash & Equivalents

$1.2B

No prior period

Revenue & EPS history

Dianthus Therapeutics Inc · Revenue · Quarterly

$760K

Q2 2026+293.8%vs Q2 2025
Beat estimate in 2 of 3 quarters(67%)
ActualEstimate

Forward guidance

Company expects continued advancement of clinical trials with top-line data readouts in late 2026 and 2028; strong cash position supports operations into 2030.

Tailwinds

  • Phase 3 EMERGE trial initiated in gMG with top-line results expected 2H 2028.
  • 75% response rate in interim analysis of Phase 3 CAPTIVATE trial in CIDP.
  • Phase 2 MoMeNtum trial in MMN exceeded enrollment; top-line results December 2026.
  • Phase 1 data for DNTH212 expected by YE 2026.
  • $1.2B cash runway into 2030.

Historical earnings impact

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

Avg. return before/after earnings

Based on 15 quarterly earnings reports

Historical avg

+1.6%

Avg return

Earnings day

-2.3%

Avg return

5 days after

+1.9%

Avg return

30 days after

73%

11 / 15 earnings

Positive

+11.1%

Q2 2019

Best reaction

-6.1%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+1.1%-2.9%-5.8%
Q4 2025+9.7%-1.7%+15.7%
Q3 2025+1.6%+10.3%+33.3%
Q2 2025-6.1%-2.4%+30.0%
Q1 2025+2.5%+0.5%-7.5%
Q3 2023+0.4%-0.5%-16.4%
Q2 2023+2.5%-1.2%-8.6%
Q3 2020-0.9%-1.4%+11.7%
Q2 2020+0.6%+0.0%-8.3%
Q1 2020+2.7%-1.3%+5.4%
Q3 2019-2.2%-13.5%+21.2%
Q2 2019+11.1%-0.8%-13.2%
Q1 2019+2.7%+9.9%-10.7%
Q3 2018-3.4%-24.7%-14.1%
Q2 2018+1.2%-4.2%-4.7%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro