Q2 FY2026 EarningsQ2 FY26 results significantly beat revenue consensus at $7.88M vs. $3.0M expected, driven by a $7.5M preclinical milestone from the BI collaboration. However, Diluted EPS of -$24.14 missed the -$1.69 consensus by a wide margin, primarily due to non-cash charges: a $90M loss on warrant liabilities and $35.1M in license acquisition costs for CUE-221. Despite the earnings miss, a subsequent July 2026 private placement raising $49.8M extends the cash runway through mid-2027.