NASDAQ$MLTX
MoonLake Immunotherapeutics · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
MoonLake Immunotherapeutics reported a net loss of $56.1 million for Q2 2025 driven by increased R&D spending on Phase 3 trials.
The company continued advancing its sole asset Sonelokimab through multiple Phase 3 and Phase 2 programs in HS, PsA, and other indications. Operating expenses rose sharply to $60.7 million while the company maintained a strong liquidity position of $425.1 million in cash, cash equivalents and short-term marketable securities. Management reiterated plans to submit a BLA in 2026 with potential U.S. launch in 2027.
- Q2 2025 net loss widened to $56.1 million from $24.8 million in Q2 2024 as R&D expenses more than doubled to $49.8 million.
- Cash, cash equivalents and short-term marketable debt securities totaled $425.1 million, providing runway into 2028.
- Phase 3 VELA program in HS completed enrollment; primary endpoint data expected around September 2025.
- Total liabilities increased to $102.2 million following drawdown of $75 million term loan facility.
Headline financials
Revenue & EPS history
MoonLake · Revenue · Quarterly
$0
Forward guidance
Company plans to submit first BLA for SLK in 2026 with potential U.S. commercial launch in 2027; cash runway extends into 2028.
Tailwinds
- Strong liquidity position supports multiple late-stage programs
- Phase 3 VELA HS program fully enrolled with data expected September 2025
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports
+0.3%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+7.7%
Avg return
30 days after
44%
8 / 18 earnings
Positive
+23.1%
Q2 2022
Best reaction
-10.4%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2024 | — | — | — | |
| Q2 2025 | +0.2% | — | — | |
| Q4 2026 | +0.2% | -2.9% | -4.8% | |
| Q3 2025 | -2.8% | +11.0% | +40.7% | |
| Q1 2025 | +4.7% | -2.2% | +14.8% | |
| Q4 2024 | -4.5% | -2.5% | -2.1% | |
| Q3 2024 | +0.6% | +0.8% | +5.5% | |
| Q1 2024 | -4.2% | -8.1% | -4.7% | |
| Q4 2023 | -10.4% | -15.3% | -11.6% | |
| Q3 2023 | +7.1% | +16.6% | +57.3% | |
| Q2 2023 | +3.5% | +3.8% | -5.7% | |
| Q1 2023 | +0.2% | +5.5% | +9.6% | |
| Q4 2022 | -4.9% | -9.2% | -5.6% | |
| Q3 2022 | -0.1% | -5.4% | +4.0% | |
| Q2 2022 | +23.1% | +45.8% | +33.0% | |
| Q1 2022 | -6.1% | +4.3% | +2.6% | |
| Q2 2021 | -0.1% | +0.0% | -0.1% | |
| Q4 2021 | -0.1% | +0.0% | -0.1% | |
| Q3 2021 | -1.3% | -1.3% | -1.3% |
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