Quarterly ResultAug 12, 2026, 04:03 PM
Annexon Q2 Net Loss $55.3M; Cash $209.2M
AI Summary
Annexon, Inc. reported a net loss of $55.3 million for the second quarter of 2026, an increase from $49.2 million in the same period last year. For the first six months of 2026, the net loss was $99.5 million. The company ended the quarter with $209.2 million in cash and short-term investments, which management projects will fund operations for at least the next twelve months, despite continued losses and negative cash flows.
Key Highlights
- Net loss for Q2 2026 was $55.3 million, compared to $49.2 million in Q2 2025.
- Net loss for H1 2026 was $99.5 million, compared to $103.5 million in H1 2025.
- Cash and cash equivalents and short-term investments totaled $209.2 million as of June 30, 2026.
- Total assets decreased to $246.1 million as of June 30, 2026, from $277.6 million at December 31, 2025.
- Total liabilities decreased to $60.0 million as of June 30, 2026, from $65.9 million at December 31, 2025.
- Research and development expenses were $46.6 million for Q2 2026, up from $44.2 million in Q2 2025.
- Net cash used in operating activities was $94.8 million for H1 2026, up from $88.1 million in H1 2025.
- Company expects existing cash to fund operations for at least twelve months.
Price Impact
More from ANNX