Absci Q2 2025 net loss $30.6M; raises $64M in July; Almirall collaboration expands

Absci Corp

2025-Q2 EPS reported -$0.45 revenue$1,772,000

Q2 2025 revenue $0.6M (down from $1.3M YoY); net loss $30.6M vs $24.8M prior year.
Cash, equivalents, and ST investments $117.5M at June 30; raised ~$64M in July, extending runway into H1 2028.
Expanded Almirall AI drug discovery collaboration: second target elected, potential up to $650M in milestones across two programs.
ABS-101 (anti-TL1A) Phase 1 interim readout expected H2 2025; ABS-201 (anti-PRLR) Phase 1/2a start early 2026.
AMD strategic collaboration ongoing with $20M equity investment in Jan 2025; platform scaling using AMD Instinct accelerators.

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