NASDAQ$MIST

Milestone Pharmaceuticals Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

MIST reported Q3 2025 revenue of $8.5M, a net loss of $28.0M.

For Q3 2025, MIST reported Revenue was $8.5M, net loss was $28.0M. The filing discusses operating performance, liquidity, and outlook in MD&A.

  • Revenue $8.5M for Q3 2025.
  • Net loss $28.0M.
  • MD&A covers R&D, cash runway, and sector-specific risks.

Headline financials

Total Revenue

$8.5M

Previous: $0.00
EPS (adj)

-$0.12

Previous: -$0.14+14.3%
R&D expenses

$3.94M

Previous: $3.96M-0.6%
G&A expenses

$3.26M

Previous: $3.74M-12.8%
Commercial expenses

$4.63M

Previous: $1.91M+142.1%
Interest expense

$967K

Previous: $903K+7.1%
Interest income

$874K

Previous: $1.08M-19.1%
Wtd. avg. shares out

96.5M

Previous: 66.2M+45.8%
Net Income

-$28M

Previous: -$9.44M-196.6%
Operating Income

-$11.8M

Previous: -$9.62M-23.0%

Revenue & EPS history

Milestone Pharmaceuticals · Revenue · Quarterly

$8.5M

Q3 2025
Beat estimate in 2 of 3 quarters(67%)
ActualEstimate

Forward guidance

Outlook focuses on cash runway, pipeline milestones, and cost discipline as the company works toward profitability.

Tailwinds

  • Cash and equivalents support operations into upcoming milestones.
  • Clinical or product pipeline progress noted in MD&A.

Headwinds

  • Ongoing operating losses and R&D spend pressure near-term earnings.
  • Financing, dilution, or partnership timing may affect liquidity.

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+2.5%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.5%

Avg return

30 days after

67%

18 / 27 earnings

Positive

+24.1%

Q3 2021

Best reaction

-23.0%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q1 2026-9.5%-23.2%
Q3 2025+1.0%+21.5%+26.2%
Q2 2025+7.1%+9.7%+23.2%
Q1 2025-1.7%+8.4%+38.7%
Q4 2024+7.9%-53.7%-38.9%
Q3 2024-5.2%-12.4%-4.1%
Q1 2024+1.2%+2.4%-16.5%
Q4 2023+16.0%+20.7%+9.3%
Q3 2023-23.0%-24.4%-13.7%
Q2 2023+1.6%+2.6%-7.1%
Q1 2023+12.8%+0.5%+1.3%
Q4 2022-4.0%-0.3%-9.0%
Q3 2022+13.0%+7.1%-0.7%
Q2 2022+3.6%+5.3%+29.2%
Q1 2022-2.5%+1.6%+1.6%
Q4 2021+12.4%+17.5%+22.0%
Q3 2021+24.1%+13.9%+4.5%
Q2 2021+0.2%+2.1%+7.1%
Q1 2021+0.5%+2.9%+8.1%
Q4 2020-6.6%-2.4%-4.2%
Q3 2020+6.1%+6.0%+19.8%
Q2 2020-1.8%+0.3%-12.2%
Q1 2020+0.3%+4.8%+29.5%
Q4 2019+7.4%+8.7%-90.4%
Q3 2019-4.2%-1.2%-7.2%
Q2 2019+7.8%+9.9%+38.1%
Q1 2019+3.4%-4.5%-16.2%
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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