Q2 FY2026 EarningsQ2 FY26 results presented a mixed profile against consensus: while Revenue remained at $0 as expected for a clinical-stage biotech, Net Loss was significantly higher than anticipated at -$36.4M vs. -$21.0M mean consensus. GAAP EPS of -$0.83 missed the consensus mean of -$0.60, primarily driven by a $10M development milestone payment for abdakibart and higher-than-expected stock-based compensation. The company's cash position of $472.2M provides a robust runway into 2029, a key positive for long-term clinical execution.