earnings
confidence high
sentiment positive
materiality 0.55
Prelude Therapeutics Q2 2026 net loss narrows to $13.9M; cash runway into Q2 2028
Prelude Therapeutics Inc
- Q2 2026 net loss $13.9M ($0.14/share) vs $31.2M ($0.41/share) in Q2 2025.
- Cash, equivalents, restricted cash and marketable securities $155.2M at June 30, 2026; funds ops into Q2 2028.
- R&D expense fell to $16.1M from $25.8M YoY; G&A to $5.0M from $6.4M.
- Plan to initiate Phase 1 of PRT13722 (KAT6A degrader) in HR+ breast cancer in Q4 2026, pending IND.
- Enrollment continues for PRT12396 JAK2V617F inhibitor; mCALR DAC program advancing.