NASDAQ$TECX

Tectonic Therapeutic Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Tectonic Therapeutic Inc reported a net loss of 19984000 for Q2 2025.

Tectonic Therapeutic Inc, a clinical-stage biotechnology company, reported operating expenses of 22332000 for the three months ended June 30, 2025, driven by research and development costs of 17185000 and general and administrative expenses of 5147000. The company recorded interest income of 3389000, resulting in a net loss of 19984000 or 1.07 per share. Cash and cash equivalents stood at 287381000 with total assets of 295313000 as of the quarter end.

  • Net loss of 19984000 for the quarter, with EPS of -1.07 on 18680042 weighted average shares.
  • Research and development expenses increased to 17185000, reflecting ongoing clinical trials for TX45 and TX2100.
  • Strong liquidity position with 287381000 in cash and cash equivalents supporting operations.
  • Total operating expenses reached 22332000, leading to operating loss of 22332000 offset partially by other income.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$1.07

Previous: -$4.34+75.3%
Net loss per share

-$1.07

Previous: -$4.34+75.3%
R&D expenses

$17.2M

Previous: $7.07M+142.9%
G&A expenses

$5.15M

Previous: $4.35M+18.4%
Total operating expenses

$22.3M

Previous: $11.4M+95.5%
Interest income

$3.39M

Previous: $318K+965.7%
Interest expense

-$17K

Previous: $28K-160.7%
Other expense

-$48K

No prior period
Total other income net

$3.32M

No prior period
Comprehensive loss

-$20M

Previous: -$12.7M-58.0%
Weighted avg shares outstanding

18.7M

Previous: 2.9M+539.8%
Net Income

-$20M

Previous: -$12.7M-57.7%
Operating Income

-$22.3M

Previous: -$11.4M-95.5%
Cash & Equivalents

$287M

Previous: $185M+55.2%
Total Assets

$295M

Previous: $194M+52.3%

Revenue & EPS history

Tectonic · Revenue · Quarterly

$0

Q2 2025

Forward guidance

Company plans to report topline results from APEX Phase 2 trial in 2026 and initiate additional Phase 2 trial in PH-ILD.

Tailwinds

  • Favorable Phase 1b data for TX45 in PH-HFpEF patients.
  • Strong cash position of over 287 million to fund operations.

Headwinds

  • Continued net losses expected as development advances.
  • No product revenue generated to date.

Historical earnings impact

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

Avg. return before/after earnings

Based on 17 quarterly earnings reports

Historical avg

-1.2%

Avg return

Earnings day

-1.0%

Avg return

5 days after

+2.9%

Avg return

30 days after

44%

8 / 18 earnings

Positive

+11.1%

Q4 2021

Best reaction

-20.3%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025+1.6%
Q2 2024
Q4 2025-2.4%+14.5%+22.6%
Q3 2025+1.5%-0.7%+4.9%
Q1 2025-0.9%+3.5%-13.4%
Q4 2024+1.0%-11.8%+11.0%
Q3 2024-2.0%+6.5%+14.8%
Q1 2024+0.0%-0.8%-7.0%
Q4 2023+0.8%-2.3%-1.6%
Q3 2023-9.9%-13.2%-7.2%
Q2 2023+0.6%-1.9%+4.5%
Q1 2023-4.5%-4.5%+82.1%
Q4 2022-20.3%-14.6%-23.6%
Q3 2022-1.5%+12.1%+19.7%
Q2 2022+5.0%+5.9%-12.9%
Q1 2022-7.3%-1.2%+30.5%
Q4 2021+11.1%+12.5%-20.8%
Q3 2021-1.0%-3.8%-40.7%
Q2 2021+6.5%-17.0%-13.5%

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