Bicycle Therapeutics Q3 net loss widens as R&D costs rise

Reuters
2025/10/30
Bicycle <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Q3 net loss widens as R&D costs rise

Overview

  • Bicycle Therapeutics reports Q3 net loss of $59.1 mln, increased R&D expenses

  • Company expects dose selection update for pivotal trial in Q1 2026

  • Strengthened leadership with new Board and Advisory Board appointments

Outlook

  • Bicycle Therapeutics expects financial runway into 2028

  • Company to provide Duravelo-2 trial update in 1Q 2026

  • Initial EphA2 human imaging data expected in 1H 2026

Result Drivers

  • INCREASED R&D EXPENSES - Higher R&D costs driven by zelenectide pevedotin development and other clinical programs

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

-$59.10 mln

Q3 Basic EPS

-$0.85

Q3 Operating Expenses

$77.28 mln

Q3 Operating Incom

-$65.55 mln

Q3 Pretax Profit

-$58.89 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "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 Bicycle Therapeutics PLC is $25.50, about 67.9% above its October 29 closing price of $8.18

Press Release: ID:nBw8XBhDCa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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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