NASDAQ$GOSS

Gossamer Bio Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Gossamer Bio reported $17.0 million in revenue and a net loss of $46.7 million for the first quarter of 2026.

Gossamer Bio Inc. recorded revenue of $16.955 million from its collaboration with Chiesi during Q1 2026, primarily from research and development services and cost-sharing activities. The company reported a net loss of $46.664 million, driven by research and development expenses of $43.075 million and general and administrative expenses of $18.746 million, including costs from a workforce reduction. Cash and cash equivalents stood at $41.028 million with total assets of $128.899 million at quarter end.

  • Revenue from Chiesi collaboration increased to $16.955 million, up from $9.889 million in Q1 2025, reflecting higher R&D and pre-commercial services.
  • Net loss widened to $46.664 million compared to $36.638 million in the prior-year quarter, with operating expenses rising to $61.821 million.
  • Company initiated a workforce reduction of 73 employees (46% of workforce) with $6.1 million in severance costs recognized in Q1.
  • Cash position improved modestly to $41.028 million while maintaining focus on seralutinib development and planned NDA submission in September 2026.

Headline financials

Total Revenue

$17M

Previous: $9.89M+71.5%
EPS (adj)

-$0.20

Previous: -$0.16-25.0%
Research and Development Expenses

$43.1M

Previous: $38M+13.2%
General and Administrative Expenses

$18.7M

Previous: $8.66M+116.5%
Interest Income

$354K

No prior period
Interest Expense

$2.76M

No prior period
Other Income, Net

$603K

No prior period
Weighted Average Shares Outstanding

234.1M

Previous: 226.8M+3.2%
Capital Expenditures

$0.00

Previous: -$26K+100.0%
Free Cash Flow

-$38.7M

No prior period
Net Income

-$46.7M

Previous: -$36.6M-27.4%
Operating Income

-$44.9M

Previous: -$36.8M-21.9%
Cash & Equivalents

$41M

No prior period
Total Assets

$129M

No prior period

Revenue & EPS history

Gossamer Bio · Revenue · Quarterly

$17M

Q1 2026+71.5%vs Q1 2025
Beat estimate in 6 of 7 quarters(86%)
ActualEstimate

Revenue by segment

Gossamer Bio · $17M total across 1 segment · Q1 2026

  • Collaborators
    $17M

Forward guidance

Company plans NDA submission for seralutinib in PAH in September 2026 subject to FDA feedback; workforce reduction expected to be completed by end of May 2026 with ongoing focus on resource allocation for clinical development.

Tailwinds

  • Positive topline PROSERA Phase 3 data supports continued regulatory dialogue
  • Chiesi collaboration provides ongoing cost-sharing and development funding

Headwinds

  • Substantial doubt about ability to continue as going concern without additional funding
  • PROSERA missed prespecified alpha threshold of 0.025 on primary endpoint

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

-0.6%

Avg return

Earnings day

-1.3%

Avg return

5 days after

-1.1%

Avg return

30 days after

43%

13 / 30 earnings

Positive

+15.2%

Q4 2022

Best reaction

-15.6%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.2%-34.9%-50.9%
Q4 2025-10.8%-21.0%-5.5%
Q3 2025+2.2%+16.9%+44.2%
Q2 2025-8.5%-18.9%+15.7%
Q1 2025+1.0%+9.5%+18.1%
Q4 2024+0.0%+6.0%-38.4%
Q3 2024-0.9%-4.4%-15.1%
Q2 2024+4.3%+7.5%+12.5%
Q1 2024-3.2%-5.0%-23.2%
Q4 2023+4.1%-4.8%-26.2%
Q3 2023-12.0%+4.7%+73.1%
Q2 2023-7.0%-9.3%-24.7%
Q1 2023+3.7%-11.8%-7.4%
Q4 2022+15.2%+5.7%-0.5%
Q3 2022-0.8%-4.2%-14.9%
Q2 2022+4.6%+6.5%+13.7%
Q1 2022+12.5%+34.2%+9.5%
Q4 2021+3.7%+1.0%-2.8%
Q3 2021-1.4%-9.1%-16.6%
Q2 2021-0.8%+9.5%+18.9%
Q1 2021-0.7%-0.7%+1.7%
Q4 2020-9.4%-5.5%-11.6%
Q3 2020-0.9%-1.3%+4.2%
Q2 2020+5.1%+2.4%-1.1%
Q1 2020-15.6%-11.5%-27.8%
Q4 2019+5.5%+5.7%+40.0%
Q3 2019-4.3%-1.2%+12.4%
Q2 2019-2.5%+3.2%+2.6%
Q1 2019+1.3%+3.7%-3.9%
Q4 2018-4.9%-10.8%-30.1%
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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