earnings
confidence high
sentiment neutral
materiality 0.70
Arcus Q2 net loss $91M, revenue $41M; casdatifan pipeline advances with new collaborations
Arcus Biosciences, Inc.
- Net loss of $91M in Q2 2026 vs. $0 in Q2 2025; revenue fell to $41M from $160M.
- Cash $775M at June 30; expects ~$600M year-end; runway to at least H2 2028.
- Casdatifan: multiple data readouts H2 2026; new collaborations with BMS, Summit, AVEO.
- Gilead relinquishes three board seats; PACIFIC-8 Phase 3 study discontinued.
- Quemliclustat gets EU orphan drug designation; PRISM-1 Phase 3 results due H1 2027.