Annexon Q3 net loss narrows to $51.2 million, or $0.25 per share
Annexon reported a third-quarter 2026 net loss attributable to common stockholders of $51.2 million, or $0.25 per share, compared with $54.9 million, or $0.37 per share, a year earlier. Lower research and development spending more than offset higher general and administrative costs, and the company said its $213.4 million in cash and short-term investments should fund operations into 2028. Weighted-average shares rose to about 204.7 million from about 149.1 million, so per-share losses reflect a larger share base.
Key points
- Net loss attributable to common stockholders was $51.2 million, or $0.25 per share, for the quarter ended September 30, 2026, versus $54.9 million, or $0.37 per share, a year earlier.
- R&D expenses were $41.4 million, down from $49.7 million; G&A expenses rose to $10.9 million from $7.3 million.
- Cash, cash equivalents and short-term investments were $213.4 million at September 30, 2026, which the company expects to fund operations into 2028.
- The company entered a credit facility of up to $200 million with Oxford Finance LLC, drawing an initial $50 million at closing.
The filing
Written by AI on Nov 9, 2026, 5:16 PM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.