Immuneering posts smaller-than-expected Q1 net loss on lower R&D spend

Immuneering

15/05/2026 12:43

Overview

US oncology drug developer's Q1 EPS and net loss both beat analyst expectations

Company ended Q1 with $198.6 mln in cash, cash equivalents and marketable securities

Phase 3 MAPKeeper 301 trial in first-line pancreatic cancer now recruiting, with first dosing mid-2026

Outlook

Company expects cash runway to fund operations into 2029

Result Drivers

R&D SPEND SHIFT - Lower Q1 R&D expenses were mainly due to decreased clinical spend on the envometinib program, partly offset by higher costs for atebimetinib and other preclinical programs

HIGHER G&A COSTS - General and administrative expenses increased due to employee-related costs and higher professional fees

Company press release: ID:nGNX1lZn2z

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
Beat
-$0.21
-$0.25 (5 Analysts)
Q1 Net Income
Beat
-$13.5 mln
-$17.34 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 Immuneering Corp is $14.50, about 182.1% above its May 14 closing price of $5.14

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.)