Biomea Fusion | 8-K: FY2026 Q1 Revenue: USD 0

Revenue: As of FY2026 Q1, the actual value is USD 0.

EPS: As of FY2026 Q1, the actual value is USD -0.17.

EBIT: As of FY2026 Q1, the actual value is USD -12.77 M.

Cash, Cash Equivalents, and Restricted Cash

Biomea Fusion, Inc. reported cash, cash equivalents, and restricted cash of $45,062 thousand as of March 31, 2026, which is a decrease from $56,181 thousand as of December 31, 2025.

Net Loss

The net loss attributable to common stockholders for Biomea Fusion, Inc. was - $12.4 million for the three months ended March 31, 2026, including $1.6 million of stock-based compensation, compared to - $29.3 million for the same period in 2025, which included $3.2 million of stock-based compensation. The net and comprehensive loss was - $12,415 thousand for the three months ended March 31, 2026, compared to - $29,262 thousand for the same period in 2025.

Research and Development (R&D) Expenses

R&D expenses for Biomea Fusion, Inc. were $9,120 thousand for the three months ended March 31, 2026, marking a decrease of $13,777 thousand from $22,897 thousand for the same period in 2025. This reduction was primarily due to a $7.6 million decrease in external costs, a $4.5 million decrease in personnel-related expenses, and a $1.7 million decrease in facilities and other allocated expenses.

General and Administrative (G&A) Expenses

G&A expenses for Biomea Fusion, Inc. were $3,654 thousand for the three months ended March 31, 2026, a decrease of $3,161 thousand from $6,815 thousand for the same period in 2025. This decrease was mainly driven by a $1.9 million reduction in personnel-related expenses, a $1.1 million decrease in corporate-related expenses, and a $0.2 million decrease in facilities and other allocated expenses.

Total Operating Expenses

Total operating expenses were $12,774 thousand for the three months ended March 31, 2026, compared to $29,712 thousand for the same period in 2025.

Loss from Operations

Loss from operations was - $12,774 thousand for the three months ended March 31, 2026, compared to - $29,712 thousand for the same period in 2025.

Change in Fair Value of Common Warrant Liability

Biomea Fusion, Inc. reported a change in fair value of common warrant liability of - $581 thousand for the three months ended March 31, 2026, compared to $0 thousand for the same period in 2025.

Gain on Sale of Property and Equipment

Biomea Fusion, Inc. reported a gain on sale of property and equipment of $510 thousand for the three months ended March 31, 2026, compared to $0 thousand for the same period in 2025.

Interest and Other Income, Net

Interest and other income, net, was $430 thousand for the three months ended March 31, 2026, compared to $450 thousand for the same period in 2025.

Stock-Based Compensation Expense

Total stock-based compensation expense was $1,582 thousand for the three months ended March 31, 2026, compared to $3,169 thousand for the same period in 2025. This included $784 thousand for R&D and $798 thousand for G&A in 2026, compared to $1,920 thousand for R&D and $1,249 thousand for G&A in 2025.

Working Capital

Working capital for Biomea Fusion, Inc. was $36,655 thousand as of March 31, 2026, compared to $46,949 thousand as of December 31, 2025.

Total Assets

Total assets for Biomea Fusion, Inc. were $46,385 thousand as of March 31, 2026, compared to $58,572 thousand as of December 31, 2025.

Stockholders’ Equity

Stockholders’ equity for Biomea Fusion, Inc. was $18,719 thousand as of March 31, 2026, compared to $29,552 thousand as of December 31, 2025.

Outlook / Guidance

Biomea Fusion, Inc. projects its cash runway to extend into the first quarter of 2027. The company expects topline 26-week data from its Phase II COVALENT-211 and COVALENT-212 clinical trials in the fourth quarter of 2026, and initial 28-day weight reduction data from the Phase I GLP-131 clinical trial in the second quarter of 2026. Additionally, a Phase II trial for recently diagnosed Type 1 Diabetes patients is planned for initiation in the second half of the year.