)
BioAge Labs (BIOA) investor relations material
BioAge Labs Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Advanced BGE-102, an oral CNS-penetrant NLRP3 inhibitor, into Phase 1 SAD/MAD trials for obesity and cardiovascular risk, with first participant dosed and initial data expected by year-end 2025 and full results by mid-2026.
Terminated azelaprag program in January 2025 due to safety concerns, reallocating resources to BGE-102 and APJ agonist programs, including a nanobody with >10-fold potency over apelin.
Entered collaborations with Novartis and Lilly, recognizing $5.9M in revenue YTD, with potential for up to $550M in milestones and research funding.
Completed IPO and concurrent private placement in September 2024, raising $189.5M net proceeds.
Launched new APJ agonist nanobody program in partnership with JiKang Therapeutics.
Financial highlights
Collaboration revenue was $2.1M for Q3 2025 and $5.9M for the nine months ended September 30, 2025, compared to $0 in the prior year periods.
Net loss for Q3 2025 was $20.2M ($0.56 per share), a 14% improvement year-over-year; nine-month net loss was $54.7M.
Research and development expenses decreased 8% to $18.5M in Q3 2025, mainly due to the termination of azelaprag, but increased 24% to $49.5M for the nine months, driven by BGE-102 and APJ programs.
General and administrative expenses rose 41% to $6.7M in Q3 and 60% to $20.8M for the nine months, mainly due to higher stock-based compensation, legal, personnel, and insurance costs.
Cash, cash equivalents, and marketable securities totaled $295.9M as of September 30, 2025.
Outlook and guidance
Current cash and marketable securities are expected to fund operations and capital expenses through 2029.
Initial Phase 1 SAD data for BGE-102 expected by year-end 2025; full Phase 1 results by mid-2026; proof-of-concept trial top-line data anticipated in H2 2026.
IND filings for oral and parenteral APJ agonist programs targeted for year-end 2026.
Anticipates continued net operating losses as R&D and G&A expenses increase with clinical and preclinical program advancement.
Next BioAge Labs earnings date
Next BioAge Labs earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)