---
schema_version: "secwatch.filing_event.v1"
accession: "0001698530-25-000099"
form_type: "8-K"
ticker: "XCUR"
cik: "0001698530"
company_name: "EXICURE, INC."
filed_at: "2025-11-07T23:59:59+00:00"
generated_at: "2026-05-16T23:05:45.010198+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Exicure Q3 net loss widens to $2.4M; cash burn and going concern warning

## Summary
- Cash and cash equivalents fell to $4.4M at Sep 30, 2025 from $12.5M at Dec 31, 2024.
- Net loss of $2.4M (Q3 2025) vs $1.1M (Q3 2024), driven by GPCR acquisition costs.
- R&D expense rose to $0.9M (from $0) due to acquired GPCR USA research activities.
- Management says existing cash insufficient; substantial additional financing needed short-term.

## SEC filing metadata
- accession: 0001698530-25-000099
- form_type: 8-K
- ticker: XCUR
- cik: 0001698530
- company_name: EXICURE, INC.
- filed_at: 2025-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698530/000169853025000099/0001698530-25-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698530/000169853025000099/xcur-20251107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698530-25-000099
- JSON: https://secwatch.observer/filing/0001698530-25-000099.json
- Plain text: https://secwatch.observer/filing/0001698530-25-000099.txt

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