earnings
confidence high
sentiment neutral
materiality 0.60
Tango Therapeutics Q1 net loss $39.9M; cash runway extended to Q1 2027; TNG462 data update 2H2025
Tango Therapeutics, Inc.
2025-Q1 EPS reported
-$0.36
revenue$5,392,000
- Net loss of $39.9M ($0.36/share) for Q1 2025 vs $37.9M ($0.35/share) in Q1 2024.
- Cash of $216.7M; runway extended into Q1 2027 via reduction in preclinical spend and headcount.
- TNG462 Phase 1/2 monotherapy data update expected 2H 2025; registrational study in pancreatic cancer planned for 2026.
- Combination trial of TNG462 with Revolution Medicines' RAS(ON) inhibitors daraxonrasib and zoldonrasib to begin enrollment Q2 2025.
- TNG456 Phase 1/2 trial for glioblastoma enrollment expected Q2 2025; TNG260 clinical data update expected 2H 2025.