SYRE
Spyre Therapeutics, Inc.32.97
-0.37-1.11%
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
2.56BP/E (TTM)
-Basic EPS (TTM)
-1.32Dividend Yield
0%Recent Filings
8-K
Q4 loss, $757M cash, 2026 readouts
10-K
FY2025 results
Spyre Therapeutics ended FY2025 with $756.5M in cash, cash equivalents, and marketable securities, funding operations into 2027 amid pipeline acceleration. No revenue; R&D expenses rose 5% y/y to $171.7M, driven by IBD clinical momentum—SKYLINE Phase 2 platform trial initiated May 2025 (Part A enrolling, Part B post-regulatory feedback) and SKYWAY Phase 2 basket trial for SPY072 in RA/PsA/axSpA started September 2025 (topline Q4 2026)—while preclinical spend fell 74%. Q4 saw $10M gain from legacy asset milestone, narrowing net loss to $155.2M from $208M. Strong liquidity supports capex-free burn; BIOSECURE Act prompts U.S./non-China supply shifts. Clinical holds loom if Phase 1 safety falters.
8-K
Six 2026 readouts accelerated
Spyre Therapeutics accelerated SPY001 enrollment in the SKYLINE UC trial, completing it ahead of schedule with Part A readouts now starting Q2 2026, while SKYWAY enrollment tracks for RA, PsA, and axSpA readouts in 4Q. Six proof-of-concept results loom this year. Kate Tansey Chevlen joined as CCO from Amgen. Pro forma $783M cash funds into 2H 2028. Clinical risks persist.
8-K
SPY003 Phase 1 success
Spyre Therapeutics unveiled positive interim Phase 1 data for SPY003 on November 4, 2025, showing the anti-IL-23 antibody well-tolerated with an 85-day half-life—over three times risankizumab's—enabling potential quarterly or twice-yearly dosing. SPY003 advances to the SKYLINE Phase 2 trial in UC. Cash hit $783M pro forma, funding into 2028. Final data may differ.
10-Q
Q3 FY2025 results
Spyre narrowed its Q3 operating loss to $56.9M from $55.4M y/y, with R&D steady at $45.2M amid rising IBD ($25.0M) and rheumatic ($6.8M) trials offset by preclinical cuts; net loss shrank 84% to $11.2M thanks to $40.3M CVR fair-value gain versus prior $18.8M loss. Cash and equivalents fell to $64.9M with $421.3M marketable securities ($486M total), burning $125M operating cash YTD while funding Phase 2 advances in SKYLINE (UC) and SKYWAY (RA/PsA/axSpA). No debt; $179M ATM available. Cash funds ops at least one year. Clinical delays from enrollment or regulatory misalignment loom.
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