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Boundless Bio (BOLD) investor relations material
Boundless Bio Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Focused on precision oncology targeting oncogene amplified tumors using ecDNA-directed therapeutics (ecDTx) and advancing BBI-355/BBI-825 and BBI-940 programs.
Portfolio reprioritization in Q2 2025: discontinued certain clinical trial arms, advanced BBI-355/BBI-825 combination, and selected BBI-940 as a new development candidate.
Workforce reduced by one-third in Q2 2025 to streamline operations and extend cash runway.
No products approved or revenue generated to date; expects continued losses as development progresses.
Cash position of $127 million supports operations into the first half of 2028, covering expected proof-of-concept clinical readouts.
Financial highlights
Net loss of $15.7 million for Q2 2025, compared to $17.0 million in Q2 2024; net loss per share was $0.70 for Q2 2025, compared to $0.77 for Q2 2024.
R&D expenses decreased to $12.2 million in Q2 2025 from $14.7 million in Q2 2024.
G&A expenses rose to $4.8 million in Q2 2025 from $4.6 million in Q2 2024.
Cash, cash equivalents, and short-term investments totaled $127.1 million as of June 30, 2025.
Net cash used in operating activities was $26.4 million for the first half of 2025, down from $32.0 million year-over-year.
Outlook and guidance
Existing cash and investments expected to fund operations into the first half of 2028, based on current plans.
Initial proof-of-concept clinical data for BBI-355/BBI-825 combination and BBI-940 anticipated within current cash runway.
IND submission for BBI-940 anticipated in the first half of 2026.
Substantial additional funding will be required for long-term development and commercialization.
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