Immunovant reports Q1 net loss of $153.2 million, up from $120.6 million a year earlier
Immunovant reported a fiscal first-quarter net loss of $153.2 million, or $0.75 per share, for the quarter ended June 30, 2026, up from $120.6 million, or $0.71 per share, a year earlier. The company reported no revenue in the filing, and its cash and cash equivalents fell to $797.8 million from $902.1 million at March 31, 2026, which it says provides runway to the potential commercial launch of IMVT-1402 in Graves' disease.
Key points
- Net loss was $153.2 million ($0.75 per share) versus $120.6 million ($0.71 per share) a year earlier.
- Research and development expenses rose to $142.6 million from $101.2 million, mainly from IMVT-1402 clinical trial activity, including contract manufacturing costs.
- General and administrative expenses fell to $17.7 million from $26.0 million.
- Cash and cash equivalents were $797.8 million as of June 30, 2026, compared with $902.1 million as of March 31, 2026.
The filing
Written by AI on Nov 9, 2026, 11:43 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 August 06, 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.