Assembly Biosciences Q1 revenue falls, net loss widens

Assembly Biosciences

07/05/2026 21:10

Overview

US biotech firm's Q1 revenue from Gilead collaboration declined yr/yr due to timing of activities

Q1 net loss widened slightly, with higher share count impacting per-share loss

Company completed Phase 1b studies for herpes and hepatitis delta virus candidates

Outlook

Company expects to decide on Gilead herpesvirus program cost-profit share opt-in by mid-2026

Initiation of Phase 2 study for ABI-6250 in hepatitis delta virus expected in Q4 2026

Result Drivers

REVENUE TIMING - Decline in collaboration revenue attributed to timing of activities and progress under Gilead agreement

R&D EXPENSES FLAT - Research and development expenses were stable, with higher employee compensation and research offset by lower external program costs after trial completion

ADMIN COSTS UP - General and administrative expenses rose due to increased stock-based compensation related to performance-based awards

Company press release: ID:nGNXbjZVpK

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.54
Q1 Net Income
-$9.08 mln
Q1 Basic EPS
-$0.54
Q1 Income From Operations
-$11.37 mln
Q1 Operating Expenses
$19.58 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the biotechnology & medical research peer group is "buy."

Wall Street's median 12-month price target for Assembly Biosciences Inc is $46.50, about 48.3% above its May 6 closing price of $31.36

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)