earnings
confidence high
sentiment negative
materiality 0.75
Seres Q1 2026 net loss $19.9M; cash runway only through Q3 2026
Seres Therapeutics, Inc.
2026-Q1 EPS reported
-$2.08
revenue$358,000
- Net loss $19.9M vs net income $32.7M in Q1 2025 (which included $50M Nestlé payment).
- Cash and equivalents $29.8M as of March 31, 2026; expects to fund ops only through Q3 2026.
- R&D expenses $13.2M (up from $11.8M), G&A $8.1M (down from $11.9M); no manufacturing services expenses.
- SER-155 IST for immune checkpoint inhibitor-related enterocolitis enrollment complete (15 pts); data expected in coming weeks.
- SER-155 Phase 2 ready for allo-HSCT but seeking funding; SER-603 preclinical for IBD with IND-enabling activities ongoing.