earnings
confidence high
sentiment neutral
materiality 0.60
Avalo Therapeutics reports 2025 net loss of $78.3M; Phase 2 HS topline data due Q2 2026
Avalo Therapeutics, Inc.
- Net loss $78.3M ($5.84 per share) vs $35.1M in 2024; operating expenses rose to $73M.
- Cash, equivalents and short-term investments $98.3M as of Dec 31, 2025; expected runway into 2028.
- R&D expenses $50.1M, up $25.6M YoY driven by Phase 2 LOTUS trial costs for abdakibart (AVTX-009).
- Topline data from Phase 2 abdakibart trial for hidradenitis suppurativa expected in Q2 2026.
- G&A expenses $22.9M, up $5.7M primarily from stock-based compensation and headcount additions.