NASDAQ$OLMA

Olema Pharmaceuticals Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Olema Oncology reported its financial and operating results for the first quarter ended March 31, 2025, highlighting progress in its clinical trials and a strong cash position.

Olema Oncology reported a net loss of $30.4 million for the first quarter of 2025, a slight improvement from the $31.0 million loss in the same period last year, primarily due to higher interest income. The company ended the quarter with $392.7 million in cash, cash equivalents, and marketable securities, indicating a strong financial position to support its ongoing clinical development programs, including the pivotal Phase 3 OPERA-02 and OPERA-01 trials for palazestrant.

  • Pivotal Phase 3 OPERA-02 trial of palazestrant in combination with ribociclib is on track for initiation in 2025.
  • Pivotal Phase 3 OPERA-01 trial of palazestrant monotherapy continues to advance with top-line data anticipated in 2026.
  • Preclinical data for OP-3136 demonstrated anti-tumor activity in ovarian, non-small cell lung, and prostate cancer models.
  • The company maintained a strong financial position, ending the quarter with $392.7 million in cash, cash equivalents, and marketable securities.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

$0.00

Previous: -$0.56+100.0%
R&D expenses

$30.6M

Previous: $29.9M+2.3%
Non-GAAP R&D expenses

$27.3M

Previous: $26.5M+3.0%
G&A expenses

$4.2M

Previous: $4.5M-6.7%
Non-GAAP G&A expenses

$3.2M

Previous: $3M+6.7%
Net Income

-$30.4M

Previous: -$31M+1.9%
Operating Income

$0.00

Previous: -$34.3M+100.0%

Revenue & EPS history

Olema · Revenue · Quarterly

$0

Q1 2025

Forward guidance

Olema Oncology anticipates continued progress in its clinical development programs, with key milestones expected in the coming years, including the initiation of the pivotal Phase 3 OPERA-02 trial and top-line data from the OPERA-01 trial.

Tailwinds

  • Initiation of pivotal Phase 3 OPERA-02 trial of palazestrant in combination with ribociclib in frontline metastatic breast cancer in 2025.
  • Anticipated top-line data from the pivotal Phase 3 OPERA-01 trial of palazestrant monotherapy in 2/3L metastatic breast cancer in 2026.
  • Presentation of trial-in-progress poster for OPERA-01 at the ASCO Annual Meeting in June.
  • Presentation of mature data from the Phase 1b/2 trial of palazestrant in combination with ribociclib at an upcoming medical meeting.
  • Continued enrollment in the Phase 1 study for OP-3136.

Headwinds

  • No specific negative forward guidance was provided in the report.
  • The company's financial performance is subject to risks and uncertainties inherent in clinical development.
  • Future results could differ materially from current expectations.
  • The company assumes no obligation to update forward-looking statements.
  • Success of clinical trials is not guaranteed and depends on various factors.

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 2025

Historical avgQ1 2025

-0.1%

Avg return

Earnings day

-2.4%

Avg return

5 days after

+7.5%

Avg return

30 days after

52%

12 / 23 earnings

Positive

+17.0%

Q4 2021

Best reaction

-28.5%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-3.2%-7.7%-29.4%
Q3 2025+4.1%+0.6%+267.4%
Q2 2025+16.0%+20.6%+75.1%
Q1 2025+2.1%+9.6%-11.0%
Q4 2024-8.5%+4.3%+6.8%
Q3 2024-9.7%-27.9%-47.2%
Q1 2024-12.5%-18.0%+16.8%
Q4 2023-6.6%-11.2%-15.8%
Q3 2023-7.6%-7.4%-29.2%
Q2 2023+15.3%+14.0%+24.7%
Q1 2023+1.1%+6.1%-0.3%
Q4 2022+0.0%+0.3%-15.4%
Q3 2022-7.2%+5.6%-22.5%
Q2 2022-28.5%-29.4%-23.1%
Q1 2022-1.3%-3.1%+79.4%
Q4 2019+17.0%-2.2%-5.9%
Q4 2021+17.0%-2.2%-5.9%
Q3 2021+1.1%-1.9%-61.9%
Q3 2020+1.1%-1.9%-61.9%
Q2 2020+3.4%+1.9%+11.2%
Q2 2021+3.4%+1.9%+11.2%
Q1 2021+11.9%+14.8%+35.8%
Q4 2020-10.2%-23.2%-27.2%
Q1 2020

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