Trevi reports Q2 2026 net loss of $17.8 million, up from $12.3 million
Trevi Therapeutics reported a second-quarter 2026 net loss of $17.8 million, or $0.11 per share, compared with a net loss of $12.3 million, or $0.09 per share, a year earlier. Research and development and general and administrative spending both rose, and the company ended the quarter with $318.9 million in cash, cash equivalents and marketable securities after an April 2026 stock offering, which it says extends its cash runway into 2030.
Key points
- Net loss for Q2 2026 was $17.8 million, versus $12.3 million in Q2 2025; loss per share was $0.11 versus $0.09.
- R&D expenses rose to $15.2 million from $9.4 million, mainly due to Phase 3 OCEAN-1, Phase 2b LAKE and Phase 3 OCEAN-2 trial costs.
- G&A expenses rose to $5.4 million from $4.3 million, driven by stock-based compensation and personnel costs.
- Cash, cash equivalents and marketable securities were $318.9 million at June 30, 2026; the April 2026 offering brought in net proceeds of about $162.3 million.
The filing
Written by AI on Nov 9, 2026, 8:38 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.