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Forte Biosciences (FBRX) investor relations material
Forte Biosciences Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary14 Aug, 2025
Executive summary
Lead candidate FB102 advanced with positive Phase 1b celiac disease data; Phase 2 celiac and Phase 1b vitiligo trials underway, alopecia areata trial initiated, topline data expected in 2026.
$106.1 million in cash and cash equivalents as of June 30, 2025, expected to fund operations for at least 12 months.
Closed $75 million public offering in June 2025 and $53 million private placement in November 2024, strengthening liquidity.
No revenue generated; focus remains on clinical development of FB102 for autoimmune indications.
Financial highlights
Net loss of $11.2 million for Q2 2025, improved from $12.5 million in Q2 2024; net loss of $26.9 million for six months ended June 30, 2025, up from $19.9 million year-over-year.
Research and development expenses rose to $8.6 million in Q2 2025 from $5.7 million in Q2 2024, driven by clinical trial activity.
General and administrative expenses decreased to $3.0 million in Q2 2025 from $7.1 million in Q2 2024, mainly due to lower legal and professional fees.
Cash used in operating activities was $20.4 million for the six months ended June 30, 2025; net cash provided by financing activities was $68.0 million.
Outlook and guidance
Cash runway expected to last at least 12 months from filing date; additional capital will be needed to complete FB102 development.
Topline data from Phase 2 celiac and Phase 1b vitiligo trials anticipated in 2026; alopecia areata trial also underway.
Future capital requirements depend on clinical progress, regulatory outcomes, and potential strategic partnerships.
Assess FB102's competitive advantages.
Evaluate OBBBA's impact on financials.
Detail FB102's autoimmune applications.
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Next Forte Biosciences earnings date
Q3 202511 Nov, 2025
Next Forte Biosciences earnings date
Q3 202511 Nov, 2025
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Frequently asked questions
Forte Biosciences Inc is a clinical-stage biopharmaceutical company focused on developing therapies for autoimmune diseases and inflammatory skin conditions. The company is engaged in the research and development of new treatments targeting unmet medical needs. Forte Biosciences operates within the healthcare and biotechnology sectors. The company is headquartered in Dallas, Texas, and its shares are listed on the NASDAQ.
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