NASDAQ$TNYA

Tenaya Therapeutics Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Tenaya Therapeutics reported Q1 2026 net loss of $19.3M as R&D spending continued.

Tenaya reported a net loss of $19.3 million for the quarter ended March 31, 2026, compared with a $26.9 million loss a year ago. The biotech continues clinical-stage spending on genetic medicines for heart disease with collaboration revenue from new agreements supplementing limited product revenue.

  • Net loss $19.3M vs $26.9M prior year (narrower).
  • Clinical-stage company with collaboration revenue recognition updates.
  • Cash runway and trial progress are primary value drivers.
  • R&D expense remains the largest cost line.

Headline financials

Total Revenue

$225K

Previous: $0.00
EPS (adj)

-$0.09

Previous: -$0.24+62.5%
Capital Expenditures

-$11K

No prior period
Net Income

-$19.3M

Previous: -$26.9M+28.3%
Operating Income

-$20.1M

Previous: -$27.5M+27.1%

Revenue & EPS history

Tenaya Therapeutics · Revenue · Quarterly

$225K

Q1 2026
Beat estimate in 0 of 2 quarters(0%)
ActualEstimate

Forward guidance

Filings emphasize trial milestones, partnership funding, and cash runway rather than product revenue guidance.

Tailwinds

  • Loss narrowed year over year.
  • Collaboration agreements can fund R&D.

Headwinds

  • No commercial product revenue.
  • Clinical and regulatory risks for genetic medicine programs.

Historical earnings impact

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

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+2.8%

Avg return

Earnings day

+2.1%

Avg return

5 days after

-5.6%

Avg return

30 days after

50%

9 / 18 earnings

Positive

+39.8%

Q3 2022

Best reaction

-18.7%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.8%+30.3%-4.2%
Q4 2025-1.3%-0.2%-19.7%
Q3 2025-1.4%-7.0%-4.9%
Q1 2025+7.8%-3.3%+38.2%
Q4 2024-6.5%-12.7%-38.4%
Q3 2024+17.4%+20.7%+68.1%
Q1 2024-0.7%+8.9%-12.6%
Q4 2023-8.9%-5.1%-13.6%
Q3 2023-7.8%-10.2%-2.9%
Q2 2023+7.3%+0.0%-24.6%
Q1 2023+12.1%+7.2%+9.0%
Q4 2022-18.7%-20.6%-25.9%
Q3 2022+39.8%+53.4%+11.0%
Q2 2022+1.5%+6.5%-11.3%
Q1 2022-5.7%-6.7%-29.9%
Q4 2021+6.0%+3.2%-5.0%
Q3 2021+7.7%-13.5%-28.1%
Q2 2021-2.8%-12.6%-6.5%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

Discussion

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