earnings
confidence high
sentiment positive
materiality 0.85
Palvella reports FY2025 net loss $41.7M; Phase 3 SELVA success paves path to NDA in H2 2026
PALVELLA THERAPEUTICS, INC.
2026-Q1 EPS
reported -$1.20
vs consensus -$0.95
▼ miss
(-26.2%)
- Net loss $41.7M ($3.71 per share) vs $17.4M ($7.83) in FY2024; R&D $22.8M, G&A $15.8M.
- Cash $58M at Dec 31; pro forma cash ~$274M after $230M oversubscribed equity offering closed Feb 2026.
- Phase 3 SELVA for microcystic LMs met primary endpoint (p<0.001); NDA submission on track for H2 2026.
- Phase 3 trial for cutaneous venous malformations planned H2 2026; Phase 2 for angiokeratomas in Q2 2026.
- Company to announce fourth QTORIN rapamycin indication and third platform product in H2 2026.