earnings
confidence high
sentiment neutral
materiality 0.70
Definium Therapeutics Q1 2026: cash $373.4M; three Phase 3 readouts for DT120 ODT expected in coming months
Definium Therapeutics, Inc.
2026-Q1 EPS
reported -$0.71
vs consensus -$0.50
▼ miss
(-41.4%)
- Cash and investments $373.4M as of March 31, 2026; expected to fund operations into 2028.
- R&D expenses $41.5M (up $18.1M YoY) driven by DT120 ODT program costs; G&A $17.7M (up $8.9M).
- Three Phase 3 topline data readouts for DT120 ODT anticipated: Emerge (MDD) late Q2 2026, Voyage (GAD) early Q3, Panorama (GAD) late Q3.
- DT120 ODT program expanded into PTSD; Phase 3 Haven study expected to initiate in 2027 with ~200 patients.
- Ascend (MDD) trial first patient dosing expected Q2 2026; enrollment complete in Emerge and Voyage.