Q2 FY2026 EarningsQ2 FY26 missed consensus estimates on the bottom line, with a GAAP EPS of -$0.62 vs. -$0.57 expected, and a normalized net loss of $5.31M exceeding the anticipated $4.92M. Operating expenses surged to $6.64M, primarily driven by a 176% YoY increase in R&D as the company accelerated rolling NDA submissions for ALXN1840. Despite the earnings miss, liquidity remains robust with $134.3M in cash and investments, supporting operations through late 2027.