Monte Rosa Q3 net loss widens, but revenue increases on Novartis payment

Reuters
2025/11/06
Monte Rosa Q3 net loss widens, but revenue increases on Novartis payment

Overview

  • Monte Rosa Q3 net loss widens to $27.1 mln, driven by increased R&D expenses

  • Collaboration revenue for Q3 rises to $12.8 mln, up from $9.2 mln year-over-year

  • Monte Rosa receives $120 mln upfront payment from Novartis, boosting cash reserves

Outlook

  • Monte Rosa expects MRT-8102 Phase 1 data in H1 2026

  • Company plans to present MRT-2359 data by year-end 2025

  • Monte Rosa's cash position expected to fund operations through 2028

Result Drivers

  • NOVARTIS COLLABORATION - Second agreement with Novartis provides $120 mln upfront payment and potential for up to $5.7 bln in total deal value

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Collaboration Revenue

$12.77 mln

Q3 Net Income

-$27.08 mln

Q3 Operating Expenses

$45.74 mln

Q3 Operating Income

-$32.98 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "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 Monte Rosa Therapeutics Inc is $17.00, about 27.6% above its November 5 closing price of $12.31

Press Release: ID:nGNX77njlt

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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