Q2 FY2026 EarningsQ2 FY26 missed consensus significantly on the bottom line due to a one-time $200M royalty buyout. Net loss of $241.1M ($2.85 per share) was far wider than the expected $46.3M loss ($0.55 per share). Despite the earnings miss, strategic financing and the PDUFA target date of December 22, 2026, for lorundrostat remain the primary focus, with a strengthened balance sheet of $661.4M in cash to support commercial launch.