Monte Rosa Therapeutics Q1 collaboration revenue drops 95%

Monte Rosa Therapeutics

07/05/2026 12:28

Overview

US biotech firm's Q1 collaboration revenue fell 95% yr/yr

Company posted Q1 net loss after prior-year profit

Cash position rose after $345 mln equity offering in January

Outlook

Monte Rosa expects GFORCE-1 trial readout in subjects with elevated CVD risk in H2 2026

Company plans to initiate multiple MRT-8102 Phase 2 studies starting in H2 2026

Monte Rosa expects cash resources to fund operations and capital expenditures into 2029

Result Drivers

HIGHER R&D SPENDING - Increased Q1 R&D expenses driven by spending on MRT-8102 program and other pipeline development efforts

HIGHER ADMINISTRATIVE COSTS - G&A expenses rose due to increased headcount and public company support costs

Company press release: ID:nGNX8VK8DY

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Collaboration Revenue
$4.21 mln
Q1 Net Income
-$44.50 mln
Q1 Operating Expenses
$54.24 mln
Q1 Operating Income
-$50.03 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Monte Rosa Therapeutics Inc is $30.00, about 47.1% above its May 6 closing price of $20.39

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(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.)