MCRB
Seres Therapeutics, Inc.16.20
+0.30+1.89%
Dec 16, 4:00:02 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
146.55MP/E (TTM)
18.41Basic EPS (TTM)
0.88Dividend Yield
0%Recent Filings
8-K
8-K
Seres posts profit, eyes data
Seres Therapeutics swung to a $5.7M net income from continuing operations in 2025, versus $125.8M loss in 2024, fueled by $75M Nestlé installment payments and slashed R&D/G&A expenses. Cash stands at $45.8M, funding ops through Q3 2026 while prioritizing SER-155 and SER-603. SER-155 irEC data hits Q2 2026. Funding hunt continues.
10-K
FY2025 results
Seres Therapeutics reported FY2025 results marked by the September 2024 sale of its approved product VOWST to Nestlé Health Science, yielding $100M upfront cash (net of repayments), $75M in 2025 installments, and a $60M prepaid milestone, while pausing further SER-155 Phase 2 investment pending funding after completing key startup activities including FDA protocol submission in January 2026. Operating loss narrowed to $94M from $121M y/y amid 25% headcount cuts in September 2025 and 30% more in February 2026, with R&D down 24% to $49M (post Phase 1b completion showing 77% BSI risk reduction) and G&A off 26% to $39M; cash fell to $45.8M, runway to Q3 2026. Cash burn slowed sharply post-TSA end. Going concern doubt persists without new capital.
8-K
Interim CEO leads reshuffle
Seres Therapeutics appointed board member Richard Kender as Executive Chair and Interim CEO effective March 2, 2026, replacing co-CEOs who shift to legal and finance roles. CSO Matthew Henn adds President duties; SVP Kelly Brady rises to EVP and COO. New leaders snag $520K/$505K/$475K salaries, retention/signing bonuses totaling $710K, and 375K stock options—25% hinging on shareholder Plan approval. Leadership shakeup signals urgency.
8-K
Seres Q3 profit, SER-155 advances
Seres Therapeutics reported Q3 2025 results on November 5, featuring $8.2M net income from continuing operations—driven by a $27.2M VOWST sale gain—versus a $51.0M loss last year. Cash stands at $47.6M, funding operations through Q2 2026 after cost cuts. Finalizing SER-155 Phase 2 protocol post-FDA feedback; funding hunt delays start. Cash extension hinges on financing.
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