earnings
confidence high
sentiment neutral
materiality 0.75
Whitehawk Q1 net income $73M on divestiture gain; cash $231M, expects $185M into 2028
Whitehawk Therapeutics, Inc.
2025-Q1 EPS reported
$1.83
revenue$7,145,000
- Q1 2025 net income of $73.0M includes $87.4M gain from Aadi Sub divestiture; ex-gain net loss $14.4M.
- Revenue $7.1M from FYARRO sales through March 25, 2025, date of divestiture to Kaken for $102.4M.
- Cash and equivalents $231.1M at March 31, 2025 (vs $47.2M Dec 31, 2024) after closing $100M PIPE.
- Expects cash of ~$185M after transaction payments, funding operations into 2028.
- Oncology ADC pipeline: three assets targeting PTK7, MUC16, SEZ6; first IND on track for Q4 2025.