Arcus Biosciences Q2 revenue beats analyst expectations

Reuters
08/07
<a href="https://laohu8.com/S/RCUS">Arcus Biosciences</a> <a href="https://laohu8.com/S/QTWO">Q2</a> revenue beats analyst expectations

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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