earnings
confidence high
sentiment neutral
materiality 0.70
OnKure Q1 loss $15.2M; cash $192M; nominates two new PI3Kα inhibitors; halting OKI-219
OnKure Therapeutics, Inc.
2026-Q1 EPS reported
-$1.11
- Net loss of $15.2M ($1.11 per share) for Q1 2026 vs $15.9M ($1.19 per share) in Q1 2025.
- Cash and cash equivalents $192.1M as of March 31, 2026, including $150M private placement closed on March 31, expected to fund operations into 2029.
- Announced nomination of OKI-355 for vascular anomalies and OKI-345 for breast cancer; IND submissions planned for first half 2027.
- Company will not independently pursue further clinical development of OKI-219; data from PIKture-01 study to be reported by end of 2026.
- R&D expenses $11.7M (down from $13.0M), G&A $3.9M (down from $4.0M).