ProKidney Q1 loss widens as R&D spending rises

Prokidney

15/05/2026 16:55

Overview

U.S. cell therapy developer posted Q1 net loss of $42.6 mln, EPS loss of $0.14

R&D expenses rose on higher clinical and manufacturing costs for Phase 3 PROACT 1 trial

Company ended Q1 with $224.9 mln in cash and marketable securities, funding operations into mid-2027

Outlook

ProKidney expects existing cash to fund operations into mid-2027

Result Drivers

CLINICAL TRIAL COSTS - Higher R&D expenses were mainly due to increased clinical study and manufacturing costs for the ongoing Phase 3 PROACT 1 trial

LOWER ADMINISTRATIVE COSTS - General and administrative expenses fell due to reduced compensation and professional fees

Company press release: ID:nGNX8tgFt3

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.14
Q1 Operating Expenses
$45.16 mln
Q1 Operating Income
-$44.93 mln
Q1 Pretax Profit
-$42.62 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and 1 "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 Prokidney Corp is $7.00, about 309.4% above its May 14 closing price of $1.71

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.)