earnings
confidence high
sentiment neutral
materiality 0.60
Foghorn Therapeutics Q2 2026 net loss narrows to $7.2M; cash runway into H1 2028
Foghorn Therapeutics Inc.
2026-Q2 EPS reported
-$0.39
revenue$19,339,000
- Net loss of $7.2M vs $17.9M in Q2 2025; collaboration revenue $16.1M (up from $7.6M) due to catch-up adjustment.
- Cash, equivalents, and marketable securities $167.6M; runway into first half of 2028.
- FHD-909 Phase 1 trial in SMARCA4-mutant NSCLC advancing; combination with anti-PD-1 shows complete tumor regression in preclinical models.
- Selective EP300 degrader program targeting IND in 2027 for multiple myeloma and DLBCL; preclinical data outperforms clinical benchmark.
- CBPd-171 timeline delayed due to operational issue at third-party CRO; updated guidance pending.