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Viridian Therapeutics
Viridian Therapeutics (VRDN) investor relations material
Viridian Therapeutics Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary26 Feb, 2026
Executive summary
PDUFA target action date for veligrotug for thyroid eye disease (TED) set for June 30, 2026, with U.S. commercial launch preparations underway.
Marketing Authorization Application for veligrotug submitted to the EMA in January 2026.
Phase 3 topline data for subcutaneous elegrobart (VRDN-003) expected in Q1 and Q2 2026 for active and chronic TED.
Advanced VRDN-008 into phase 1 clinical trial; data expected in 2H 2026.
Strong cash position supports business plans through anticipated profitability if key products are approved.
Financial highlights
Cash, cash equivalents, and marketable securities totaled $874.7 million as of December 31, 2025, up from $717.6 million a year earlier.
Research and development expenses rose to $338.9 million for 2025, compared to $238.3 million in 2024.
Selling, general, and administrative expenses increased to $95.3 million in 2025 from $61.1 million in 2024.
Net loss for 2025 was $342.6 million, compared to $269.9 million in 2024.
Outlook and guidance
Anticipates funding current business plans through profitability based on existing cash, milestone payments, and potential commercial revenues from veligrotug and elegrobart, if approved.
REVEAL-1 and REVEAL-2 topline data for elegrobart expected in Q1 and Q2 2026.
IND submission for TSHR program anticipated in Q4 2026.
VRDN-008 phase 1 data expected in 2H 2026.
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Next Viridian Therapeutics earnings date
TD Cowen 46th Annual Health Care Conference4 Mar, 2026
Viridian Therapeutics
Next Viridian Therapeutics earnings date
TD Cowen 46th Annual Health Care Conference4 Mar, 2026
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Frequently asked questions
Viridian Therapeutics Inc. is a biotechnology company focused on developing treatments for patients with serious diseases, particularly those related to rare and underserved conditions. The company’s primary area of research includes therapies for thyroid eye disease (TED) and other autoimmune and inflammatory diseases. Viridian Therapeutics employs innovative biologics and small-molecule technologies to address unmet medical needs and improve patient outcomes through targeted therapeutic approaches. The company is headquartered in Waltham, Massachusetts, and its shares are listed on the NASDAQ.
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