Q2 FY2026 EarningsQ2 FY2026 results showed a GAAP net loss of $24.2M, slightly missing the consensus estimate of -$23.9M. GAAP EPS was -$0.80 compared to the -$0.58 consensus, primarily due to higher-than-expected R&D and G&A expenses following the May 2026 IPO. However, the cash position is strong at $457.5M, extending the runway into 2029, and the FDA's endorsement for Phase 3 initiation of sutacimig in H2 2026 serves as a significant clinical de-risking event.