---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-036181"
form_type: "8-K"
ticker: "CMPS"
cik: "0001816590"
company_name: "COMPASS Pathways plc"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:51:24.298132+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# COMPASS Pathways Q3 net loss $33.4M; COMP360 Phase 3 on track; cash $248M

## Summary
- Net loss $33.4M ($0.67/share) for Q3 2023 vs $18.4M ($0.43) YoY; R&D expenses rose to $21.5M.
- Cash and equivalents $248.0M at Sept 30, 2023; raised $125M upfront from private placement with up to $160M more if warrants exercised.
- Phase 3 COMP005 top-line data expected summer 2024; COMP006 top-line expected mid-2025; Phase 2 PTSD data by end of 2023.
- Full-year 2023 net cash burn guidance lowered to $79M-$85M; Q4 expected $9M-$15M.
- Mike Falvey departed; Mary-Rose Hughes named interim CFO; search for permanent CFO underway.

## SEC filing metadata
- accession: 0001628280-23-036181
- form_type: 8-K
- ticker: CMPS
- cik: 0001816590
- company_name: COMPASS Pathways plc
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816590/000162828023036181/0001628280-23-036181-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816590/000162828023036181/cmps-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-036181
- JSON: https://secwatch.observer/filing/0001628280-23-036181.json
- Plain text: https://secwatch.observer/filing/0001628280-23-036181.txt

## Key facts
- Earnings Releases
  COMPASS Pathways plc reported nine months ended September 30, 2023 results: net income $85.9 million, or $1.81 loss per share, EPS $1.81 loss per share.
  - Period: nine months ended September 30, 2023
  - Net income: $85.9 million, or $1.81 loss per share
  - EPS: $1.81 loss per share
  - Result: reported results
  source text: Net loss for the nine months ended September 30, 2023 was $85.9 million, or $1.81 loss per share (including non-cash share-based compensation expense of $13.1 million), compared with $60.6 million, or $1.43 loss per share, during the same period in 2022 (including non-cash-share-based compensation expense of $9.8 million).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816590/000162828023036181/0001628280-23-036181-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.