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Rallybio Corporation (RLYB) investor relations material
Rallybio Corporation Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Lead program RLYB116 advanced to a confirmatory PK/PD study, with topline data from Cohorts 1 and 2 expected in Q3 and Q4 2025.
RLYB212 program for FNAIT discontinued in April 2025 after Phase 2 trial failed to achieve target concentrations.
Interest in REV102 sold to Recursion in July 2025 for $7.5M upfront, with potential for $12.5M contingent equity and $5M milestone cash payment, plus royalties.
Workforce reduced by 40% in May 2025 to focus resources on lead and preclinical programs, incurring $1.7M in restructuring charges.
Cash, cash equivalents, and marketable securities totaled $45.7M as of June 30, 2025, expected to fund operations into mid-2027.
Financial highlights
Net loss was $9.7M for Q2 2025 ($0.22 per share), compared to $16.2M ($0.37 per share) in Q2 2024.
Revenue from collaboration and license agreements was $0.2M for Q2 2025 and $0.4M for the six months ended June 30, 2025.
Research and development expenses decreased to $6.1M in Q2 2025 from $12.9M in Q2 2024, mainly due to program discontinuation and workforce reduction.
General and administrative expenses were $4.2M in Q2 2025, down from $4.4M in Q2 2024.
Cash used in operating activities was $18.6M for the six months ended June 30, 2025, down from $25.9M year-over-year.
Outlook and guidance
Cash and marketable securities expected to fund operations into mid-2027, but not sufficient to fund product candidates through regulatory approval; additional capital will be needed.
RLYB116 confirmatory PK/PD study data anticipated in Q3 and Q4 2025; focus remains on advancing RLYB116 and preclinical programs.
Potential future milestone and royalty payments from the sale of REV102 interest to Recursion.
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