BCYC
Bicycle Therapeutics plc7.31
-0.02-0.27%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
507.08MP/E (TTM)
-Basic EPS (TTM)
-3.62Dividend Yield
0%Recent Filings
10-K
FY2025 results
Bicycle Therapeutics reported FY2025 net loss of $219M on $73M collaboration revenue, up from $169M loss on $35M revenue in FY2024, driven by accelerated recognition from Novartis and Bayer terminations. R&D expenses climbed 39% to $240M, fueled by zelenectide pevedotin's Phase II/III Duravelo-2 trial and new Phase I/II breast/lung studies, while cash burned $250M to end at $628M runway beyond 12 months. Q4 momentum shone in nuzefatide pevedotin's pancreatic expansion and BRC pipeline advances, but March 2026 reprioritization de-emphasizes zelenectide for next-gen BDCs/theranostics. Cash generation stabilized post-debt payoff; workforce cuts target 50% opex slash. Clinical delays threaten momentum.
8-K
Reprioritizes pipeline, extends runway
Bicycle Therapeutics reported Q4 and full-year 2025 results, with cash at $628M and net loss of $219M, boosted by $73M collaboration revenue from terminated Novartis and Bayer deals. Deprioritizing zelenectide after Duravelo-2 dose selection showed 58% BICR ORR yet regulatory hurdles, it shifts to BT5528 and radioconjugates amid 30% workforce cut. Cash runway now hits 2030. Leadership tapped Jennifer Perry as COO.
8-K
CFO transition announced
Bicycle Therapeutics appointed Travis Thompson as CFO effective January 29, 2026, succeeding Alethia Young, who exits all officer roles but stays interim through April 29 before consulting for two years at $2,000 per service day (max five days/month). Thompson, internal promote from SVP and Chief Accounting Officer, gets $500k base and 50% target bonus. Smooth handover preserves finance expertise.
8-K
Pipeline update eyes 2026 catalysts
Bicycle Therapeutics recapped 2025 pipeline wins, including Duravelo-1 data for zelenectide pevedotin in mUC and new EphA2 imaging results. For 2026, it eyes 1Q updates on Duravelo-2 dose selection and approval path from regulators, plus H1 data readouts across Nectin-4 and EphA2 programs. Cash lasts into 2028. Trials carry execution risks.
8-K
Q3 loss widens on R&D push
Bicycle Therapeutics reported Q3 2025 net loss of $59.1 million, up from $50.8 million last year, driven by $58.4 million in R&D expenses amid zelenectide pevedotin trials. Cash stands at $648.3 million, funding operations into 2028 after a $38.2 million UK R&D credit. Dose selection for the Duravelo-2 mUC trial awaits Q1 2026 regulatory feedback. New board additions bolster oncology expertise.
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