NASDAQ$TCRX

Tscan Therapeutics Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

TScan Therapeutics reported Q4 2025, net loss of $23M.

For Q4 2025, TScan Therapeutics reported a net loss of $23M. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Net loss $23M.
  • TScan Therapeutics MD&A covers liquidity, capital, and operating priorities.
  • TScan Therapeutics MD&A covers liquidity, capital, and operating priorities.

Headline financials

Total Revenue

$2.57M

Previous: $665K+286.0%
EPS (adj)

-$0.18

Previous: -$0.30+40.0%
Weighted Avg Shares

129.9M

No prior period
Net Income

-$23M

Previous: -$35.8M+35.8%
Operating Income

-$23.9M

Previous: -$36.7M+35.0%

Revenue & EPS history

Tscan Therapeutics · Revenue · Quarterly

$2.57M

Q4 2025+286%vs Q4 2024
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Tscan Therapeutics · $3.89M total across 1 segment · Q3 2023

  • Collaboration & License
    $3.89M

Forward guidance

Clinical-stage outlook focuses on trial readouts, cash runway, and regulatory milestones rather than near-term product revenue.

Tailwinds

  • Pipeline catalysts and trial enrollment progress.
  • Cash runway supports operating plan.
  • Partnerships may provide non-dilutive funding.

Headwinds

  • Clinical and regulatory risk.
  • R&D spend and financing needs.
  • Competitive therapies in development.

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 Q4 2025

Historical avgQ4 2025

+1.6%

Avg return

Earnings day

+0.2%

Avg return

5 days after

-5.7%

Avg return

30 days after

60%

12 / 20 earnings

Positive

+32.4%

Q1 2023

Best reaction

-18.2%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.3%-3.3%-18.9%
Q4 2025+4.9%+19.8%-2.4%
Q3 2025+0.8%-20.5%-17.2%
Q2 2025+3.1%+11.8%+14.9%
Q1 2025-4.6%+0.8%+18.3%
Q4 2024+2.6%+7.7%-7.1%
Q3 2024-7.9%-22.6%-47.0%
Q2 2024-1.0%-3.0%-3.9%
Q1 2024+16.3%+16.2%+14.9%
Q4 2023+1.6%-6.7%+0.9%
Q3 2023+3.0%+14.9%+50.8%
Q2 2023-4.2%-2.3%+12.1%
Q1 2023+32.4%+18.5%-14.4%
Q4 2022-8.5%-23.0%-33.3%
Q3 2022-0.4%+3.9%-20.6%
Q2 2022-10.8%-18.8%-20.5%
Q1 2022+10.6%+38.3%+80.0%
Q4 2021+7.8%-1.6%-37.8%
Q3 2021+2.2%-4.4%-28.0%
Q2 2021-18.2%-21.7%-53.7%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

Discussion

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