Beam Therapeutics Q3 net loss wider than expected on higher R&D expenses

Reuters
11/04
Beam <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Q3 net loss wider than expected on higher R&D expenses

Overview

  • Beam Therapeutics Q3 net loss misses analyst expectations

  • Company ended Q3 2025 with $1.1 bln in cash, supporting operations into 2028

  • Beam progressing with BEAM-302 and BEAM-101 clinical trials

Outlook

  • Beam expects to report BEAM-302 trial data in early 2026

  • Company plans to present BEACON trial data at ASH meeting in December 2025

  • Beam's cash runway expected to support operations into 2028

Result Drivers

  • CASH POSITION - Beam ended Q3 2025 with $1.1 bln in cash, supporting operations into 2028

  • R&D EXPENSES - Increased R&D expenses to $109.8 mln in Q3 2025, contributing to net loss

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 License and Collaboration Revenue

$9.69 mln

Q3 Net Income

Miss

-$112.72 mln

-$96.50 mln (11 Analysts)

Q3 Operating Income

Miss

-$126.81 mln

-$107 mln (11 Analysts)

Q3 Pretax Profit

Miss

-$112.72 mln

-$105.50 mln (9 Analysts)

Q3 Operating Expenses

$136.50 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "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 Beam Therapeutics Inc is $42.50, about 42.9% above its November 3 closing price of $24.25

Press Release: ID:nGNXbt2k6Y

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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