earnings
confidence high
sentiment neutral
materiality 0.70
Fractyl Health Q2 2025 net loss $27.9M; $23M offering extends cash runway into 2026
FRACTYL HEALTH, INC.
2025-Q2 EPS
reported -$1.05
vs consensus -$0.37
▼ miss
(-185.9%)
- Net loss for Q2 2025 was $27.9 million, compared to $17.2 million in Q2 2024, driven by higher R&D spending and non-cash changes.
- Completed $23 million underwritten public offering in August 2025, with potential additional $46 million from warrants.
- Cash and cash equivalents were $22.3 million as of June 30, 2025; post-offering cash runway extends into 2026.
- Positive 3-month REVEAL-1 Cohort data: 12 of 13 participants maintained weight after GLP-1 discontinuation with Revita.
- Enrollment completed for REMAIN-1 Midpoint Cohort (45 participants); 3-month randomized data expected September 2025.
item 2.02item 9.01