Coya Therapeutics
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Coya Therapeutics (COYA) investor relations material

Coya Therapeutics Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary10 Nov, 2026

Executive summary

  • COYA 302 Phase 2/3 ALSTARS enrollment completed at 137 participants versus 120 planned; FDA granted Fast Track Designation for ALS in May 2026.

  • ALSTARS topline data from the 24-week double-blind phase is expected in early Q2 2027; an open-label extension will offer continued COYA 302 treatment.

  • No product sales have been recorded; revenue comes from the Dr. Reddy’s collaboration, while development and operating costs drive losses.

Financial highlights

  • Q3 2026 collaboration revenue was $234,134 vs. $3.56M YoY; Q3 2025 included $3.3M of immediately recognized license revenue.

  • Q3 net loss was $10.62M vs. $2.12M, with loss per share of $0.45 vs. $0.13; operating loss was $10.9M vs. $2.4M.

  • Q3 R&D expense rose to $8.57M from $2.92M, primarily reflecting COYA 302 ALS trial costs; G&A was $2.6M in both periods.

  • 9M 2026 collaboration revenue was $729,026 vs. $3.99M; net loss was $24.46M vs. $15.52M and loss per share was $1.05 vs. $0.93.

  • 9M R&D expense increased to $17.70M from $11.79M; other income was $1.17M vs. $1.01M, primarily reflecting higher interest earned on cash balances.

Outlook and guidance

  • Cash of $35.80M at September 30, 2026, was expected to fund planned operations into H2 2027 and past the ALSTARS topline readout; management also concluded funds would not support operations for more than one year after issuance of the statements.

  • Significant additional financing is expected to support trials and operations; spending is expected to rise with later-stage development and manufacturing scale-up.

  • Additional ALS and AD mechanistic and single-cell proteomics data were expected in 4Q 2026–Q1 2027, subject to publication; FTD biomarker data was expected in Q1 2027.

  • A Phase 2 COYA 302 study in FTD is planned for 2027.

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Frequently asked questions

Coya Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing proprietary therapies that enhance the function of regulatory T cells (Tregs). The company’s therapeutic platforms include Treg-enhancing biologics, Treg-derived exosomes, and autologous Treg cell therapy. These therapies are aimed at treating neurodegenerative, autoimmune, and metabolic diseases. Coya Therapeutics is headquartered in Houston, Texas, and its shares are listed on the NASDAQ.