earnings
confidence high
sentiment positive
materiality 0.70
Fate Therapeutics Q1 2026: $174.8M cash, $1.3M revenue; FT819 lupus trial on track
FATE THERAPEUTICS INC
2026-Q1 EPS reported
-$0.26
revenue$1,299,000
- Cash, equivalents, and investments of $174.8M as of March 31, 2026; operating runway extended into 2028.
- Total revenue $1.3M from Ono Pharmaceutical collaboration; total operating expenses $34.3M (R&D $24.7M, G&A $9.6M, including $3.9M stock-based comp).
- RECLAIM-LN Phase 2 potentially registrational trial of FT819 for lupus nephritis on track to initiate in H2 2026; approximately 53 patients planned.
- FT819 selected into FDA CDRP program for enhanced CMC engagement; also has RMAT designation for SLE.
- FT839 IND planned H2 2026 for autoimmune diseases; FT836 Phase 1 enrolling solid tumor patients with no ICANS/GvHD/CRS or DLTs observed.