---
schema_version: "secwatch.filing_event.v1"
accession: "0001698530-26-000026"
form_type: "8-K"
ticker: "XCUR"
cik: "0001698530"
company_name: "EXICURE, INC."
filed_at: "2026-03-25T23:59:59+00:00"
generated_at: "2026-05-15T09:02:05.056663+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Exicure FY2025 net loss $4.9M; cash $3.7M; warns cash insufficient for 12 months

## Summary
- Cash and cash equivalents $3.7M as of Dec 31 2025, down from $12.5M a year ago.
- Net loss $4.9M for FY2025 vs $9.7M in FY2024; decrease due to $6.0M lease termination gain.
- R&D expenses rose to $3.3M from $0 reflecting GPCR USA acquisition; G&A $6.8M vs $5.4M.
- Company states existing cash may not be sufficient to fund operations for next 12 months.
- Management engaged in cost reductions but limited; substantial additional financing required short term.

## SEC filing metadata
- accession: 0001698530-26-000026
- form_type: 8-K
- ticker: XCUR
- cik: 0001698530
- company_name: EXICURE, INC.
- filed_at: 2026-03-25T23:59:59+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/1698530/000169853026000026/0001698530-26-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698530/000169853026000026/xcur-20260325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698530-26-000026
- JSON: https://secwatch.observer/filing/0001698530-26-000026.json
- Plain text: https://secwatch.observer/filing/0001698530-26-000026.txt

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