CMPX
Compass Therapeutics, Inc.5.24
+0.16+3.15%
Dec 16, 4:00:00 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
932.00MP/E (TTM)
-Basic EPS (TTM)
-0.45Dividend Yield
0%Recent Filings
8-K
2025 results, pipeline catalysts
10-K
FY2025 results
Compass Therapeutics reported FY2025 net loss of $66.5M on $73M operating expenses, up from $49.4M loss on $57M expenses in FY2024, driven by $14M higher manufacturing for tovecimig and CTX-10726. No revenue; $209M cash funds operations into 2028. Pipeline advanced with tovecimig Phase 2/3 BTC trial hitting 17.1% ORR (p=0.031), PFS/OS data due April 2026; CTX-8371 expansions enrolling; CTX-10726 Phase 1 underway. Q4 saw CTX-471 CR confirmed in SCLC patient dosed over 3 years. No debt; $130M raised via equity. Clinical delays from trial failures could stall momentum.
8-K
Pipeline momentum, $209M cash
Compass Therapeutics reported $209 million in cash and marketable securities as of December 31, 2025, funding operations into 2028. Pipeline advances include tovecimig PFS/OS data due late Q1 2026, CTX-8371 expansions in TNBC/NSCLC with durable responses, and CTX-10726 Phase 1 start in Q1. New CCO Arjun Prasad and CMO Cynthia Sirard bolster leadership. Cash extends runway far.
10-Q
Q3 FY2025 results
Compass Therapeutics posted a Q3 net loss of $14.3 million, up 36% year-over-year from $10.5 million, driven by research and development expenses climbing 49% to $12.8 million amid ramped-up spending on CTX-10726 and tovecimig programs. Operating loss widened to $15.8 million from $12.2 million, while interest income dipped 11% to $1.6 million on shifting cash balances. Year-to-date, net loss reached $50.8 million, 48% higher than 2024's $34.3 million, with no licensing revenue after last year's $0.9 million milestone. Cash burn held steady at $35.9 million for the nine months, offset by $129 million from an August equity offering that boosted liquidity to $220 million, funding operations into 2028. No debt weighs on the balance sheet. Pipeline advances steadily. Clinical setbacks could stall momentum.
8-K
Q3 loss widens on R&D surge
Compass Therapeutics reported a Q3 2025 net loss of $14.3 million, up from $10.5 million last year, driven by $12.8 million in R&D expenses amid pipeline advances. Tovecimig's COMPANION-002 trial shows lower mortality, with OS and PFS data due late Q1 2026, potentially supporting a BLA filing in H2 2026 for advanced biliary tract cancer. CTX-8371's Phase 1 revealed a new response in a third indication, no DLTs, and expansions in NSCLC and TNBC starting Q4 2025. Cash stands at $220 million, funding operations through 2028.
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