earnings
confidence high
sentiment neutral
materiality 0.65
Jade Biosciences Q1 net loss $40.4M, cash $311.3M; pipeline and CMO appointment
Jade Biosciences, Inc.
2026-Q1 EPS reported
-$0.57
- Net loss $40.4M for Q1 2026 vs $38.2M in Q1 2025, driven by higher R&D and G&A costs.
- Cash, equivalents, and investments $311.3M at March 31, 2026; funding expected into first half 2028.
- JADE101 Phase 1 interim biomarker data to be presented at ERA Congress; Phase 2 in IgAN expected Q2 2026.
- JADE201 Phase 1 trial in rheumatoid arthritis expected to start Q2 2026; interim data in 2027.
- Appointed Edward R. Conner, M.D., as CMO; promoted Andrew King to President, R&D.