Upstream Bio Q1 net loss widens on higher R&D costs

Upstream Bio

13/05/2026 12:09

Overview

U.S. biotech reported Q1 collaboration revenue rose yr/yr as clinical programs advanced

Net loss widened yr/yr, driven by higher R&D and personnel expenses

Company expects cash and investments to fund operations through 2027

Result Drivers

R&D SPENDING - Higher research and development expenses driven by increased clinical and manufacturing activity for verekitug programs

PERSONNEL COSTS - Increased personnel-related expenses, including share-based compensation, contributed to higher operating expenses

Company press release: ID:nGNX7TM24q

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$40.59 mln
Q1 Operating Expenses
$44.65 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "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 Upstream Bio Inc is $42.50, about 374.9% above its May 12 closing price of $8.95

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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.)