Inovio Pharmaceuticals Inc. reported a loss from operations of $21.2 million, or $0.41 per share, for the quarter ended September 30, 2025, compared to a loss of $27.3 million, or $0.97 per share, for the same quarter in 2024. As of September 30, 2025, Inovio held $50.8 million in cash, cash equivalents, and short-term investments, down from $94.1 million at the end of 2024. The company had 53.6 million common shares outstanding, with 94.5 million on a fully diluted basis. Inovio estimates its current cash resources will support operations into the second quarter of 2026. Key business developments include the completion of a rolling Biologics License Application submission for INO-3107, with priority review requested and potential FDA approval and launch targeted for mid-2026. Results from a Phase 1 trial of Inovio's DNA-Encoded Monoclonal Antibody technology were published in Nature Medicine.