NASDAQ$ORIC

ORIC Pharmaceuticals Inc · Q2 2024 earnings

Q2 2024 earnings · · After market close · Investor relations

Briefing

ORIC Pharmaceuticals Inc reported a net loss of $41.5 million for the second quarter ended June 30, 2026.

The company continued to advance its clinical programs rinzimetostat and enozertinib with increased R&D spending. Operating expenses rose to $45.3 million driven by clinical development activities. Cash position remained strong at $37.5 million with total liquidity exceeding $387 million including investments.

  • Net loss widened to $41.5 million from $36.4 million in Q2 2025 due to higher R&D expenses of $36.3 million.
  • R&D expenses increased 19% year-over-year reflecting advancement of lead clinical programs.
  • Cash and investments totaled $387.6 million providing runway into the second half of 2028.
  • Weighted average shares outstanding grew to 108.0 million following equity financings.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.38

Previous: -$0.50+24.0%
R&D Expenses

$36.3M

Previous: $18.8M+93.2%
G&A Expenses

$9M

Previous: $6.21M+45.0%
Weighted Avg Shares Outstanding

108.0M

No prior period
Capital Expenditures

-$333K

Previous: $405K-182.2%
Net Income

-$41.5M

Previous: -$22.9M-80.8%
Operating Income

-$45.3M

Previous: -$25M-81.2%
Cash & Equivalents

$37.5M

Previous: $264M-85.8%
Total Assets

$405M

Previous: $292M+38.7%
R&D Expense

$28.9M

No prior period
Stock-Based Comp

$5M

Previous: $3.83M+30.6%

Revenue & EPS history

ORIC Pharmaceuticals · Revenue · Quarterly

$0

Q2 2024

Forward guidance

Existing cash, cash equivalents and investments expected to fund current operating plan into the second half of 2028.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+1.2%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+8.0%

Avg return

30 days after

57%

13 / 23 earnings

Positive

+14.7%

Q2 2023

Best reaction

-29.8%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2024
Q4 2025+14.7%+14.9%+5.7%
Q3 2025+0.3%-5.8%-23.1%
Q2 2025-1.0%-7.9%+8.9%
Q1 2025+8.7%+25.8%+98.9%
Q4 2024+0.8%+2.1%-43.5%
Q3 2024-0.3%-17.5%-18.2%
Q1 2024-1.0%-7.4%-5.6%
Q4 2023-4.5%+0.7%-33.3%
Q3 2023-3.2%-11.9%+26.4%
Q2 2023+14.7%+13.8%+17.3%
Q1 2023-0.4%+0.1%+11.4%
Q4 2022+5.3%+14.8%+39.5%
Q3 2022+2.8%+17.9%+35.4%
Q2 2022+3.2%-2.1%-26.4%
Q1 2022-3.4%-4.4%+52.0%
Q4 2021-29.8%-33.0%-42.6%
Q3 2021+7.1%+8.4%-7.1%
Q2 2021+9.4%+13.6%+45.2%
Q1 2021+2.1%+6.1%-17.0%
Q4 2020-6.2%-7.6%-10.2%
Q3 2020+3.8%+4.4%+55.6%
Q2 2020+12.5%+12.4%+7.8%
Q1 2020-8.7%-11.3%+7.3%
Q3 2019
Q2 2019
Q1 2019

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