AN2 Therapeutics Q1 net loss narrows to $10.0 million; cash runway into 2029
AN2 Therapeutics reported a first-quarter 2026 net loss of $10.0 million, down from $10.6 million a year earlier, as research and development expenses fell to $6.7 million from $7.7 million. The company had $85.3 million in cash, cash equivalents and investments at March 31, 2026, after a $40.0 million private placement in March, and it projects that funding will sustain operations into 2029.
Key points
- Net loss of $10.0 million for Q1 2026, compared with $10.6 million in Q1 2025
- R&D expenses of $6.7 million, down from $7.7 million, driven by lower chemistry manufacturing and controls costs
- Cash, cash equivalents and investments of $85.3 million at March 31, 2026, after a $40.0 million private placement in March 2026
- Interest income fell to $0.5 million from $0.9 million on lower cash balances and interest rates
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 11, 2026.
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.