Biomea Fusion Q1 net loss $12.4M; cash $45.1M; icovamenib Phase II T2D data due Q4 2026

Biomea Fusion, Inc.

2026-Q1 EPS reported -$0.17 vs consensus -$0.24 ▲ beat (+29.8%)

Net loss $12.4M ($1.6M SBC) vs $29.3M in Q1 2025; cash, equivalents & restricted cash $45.1M at Mar 31, 2026; runway into Q1 2027.
R&D expenses $9.1M (down from $22.9M YoY); G&A $3.7M (down from $6.8M).
Icovamenib chronic tox studies completed; Phase II T2D trials COVALENT-211/-212 dosing; topline 26-week data expected Q4 2026.
Phase II T1D COVALENT-112: 52% C-peptide AUC increase at week 12 (200mg); preservation through week 52; plan for investigator-sponsored trial.
Phase I GLP-1 obesity trial (BMF-650, GLP-131) ongoing; initial 28-day weight data expected Q2 2026.

item 2.02item 9.01

Source: SEC EDGAR

accession 0001193125-26-217037

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