earnings
confidence high
sentiment neutral
materiality 0.75
Cogent Biosciences Q1 net loss $97.4M; cash $866.4M to fund into 2028; NDA for bezuclastinib in GIST under FDA review
Cogent Biosciences, Inc.
2026-Q1 EPS reported
-$0.53
- Net loss $97.4M for Q1 2026 vs $72.0M Q1 2025; R&D spend $75.4M, G&A $28.2M.
- Cash, equivalents and marketable securities $866.4M as of March 31, 2026, expected to fund operations into 2028.
- FDA has accepted NDA for bezuclastinib in NonAdvSM (PDUFA Dec 30, 2026); NDA for GIST submitted under RTOR with Breakthrough Therapy designation.
- Pivotal Phase 3 PEAK trial data in GIST selected for oral presentation at 2026 ASCO annual meeting on May 30.
- Inducement grants of options for 62,600 shares and 48,600 RSUs awarded to seven new employees on April 29, 2026.