earnings
confidence high
sentiment positive
materiality 0.75
ALX Oncology Q1 2026 net loss narrows to $17.9M; evorpacept data shows durable responses
ALX ONCOLOGY HOLDINGS INC
2026-Q1 EPS reported
-$0.17
- GAAP net loss of $17.9M ($0.17/sh) vs $30.8M ($0.58/sh) YoY; R&D expenses down to $13.6M.
- Cash $169.1M at March 31, 2026; expects to fund operations through first half of 2028.
- Phase 1b/2 evorpacept + zanidatamab data: 60% cORR in ccHER2+ patients; all 5 with high CD47 responded (mPFS 22.1 months).
- Phase 2 ASPEN-09-Breast topline data in mid-2027; Phase 1 ALX2004 safety data in 2H 2026.
- Appointed Jeff Knight as Chief Development and Operating Officer in April 2026.