Overview
Arcus Q2 2025 revenue rises sharply, beating analyst expectations, per LSEG data
Co reports strong cash position of $927 mln to support pipeline advancement
Arcus initiates key trials, with upcoming data presentations planned for fall 2025
Outlook
Arcus expects 2025 GAAP revenue between $225 mln and $235 mln
Company anticipates R&D expenses to decline starting Q4 2025
Arcus has sufficient funds to support ongoing trials through pivotal readouts
Company expects more mature ARC-20 data in fall 2025
Result Drivers
REVENUE INCREASE - Driven by cumulative catch-up relating to pausing future development of etrumadenant and Gilead's license return
PIPELINE ADVANCEMENT - Initiation of PEAK-1 and eVOLVE-RCC02 trials for casdatifan in ccRCC
STRONG CASH POSITION - $927 mln in cash and equivalents to support pipeline progress
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $152 mln | $31.50 mln (8 Analysts) |
Q2 Operating Expenses | $168 mln | ||
Q2 Operating Income | -$8 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the biotechnology & medical research peer group is "buy"
Wall Street's median 12-month price target for Arcus Biosciences Inc is $26.00, about 63.3% above its August 5 closing price of $9.55
Press Release: ID:nBw68qpwwa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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