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BICYCLE THERAPEUTICS PLC

For the period ended Dec 31, 2025. Filed Mar 17, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 17, 2026

BCYC$3.77+4.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

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Special Note Regarding Forward Looking Statements​i
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PART I​​
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Item 1. Business​2
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Item 1A. Risk Factors​44
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Item 1B. Unresolved Staff Comments​103
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Item 1C. Cybersecurity​104
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Item 2. Properties​105
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Item 3. Legal Proceedings​106
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Item 4. Mine Safety Disclosures​106
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PART II​​
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities​107
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Item 6. [Reserved]​107
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Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations​108
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Item 7A. Quantitative and Qualitative Disclosures About Market Risk​125
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Item 8. Financial Statements and Supplementary Data​126
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Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure​126
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Item 9A. Controls and Procedures​126
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Item 9B. Other Information​128
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Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections​128
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PART III​​
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Item 10. Directors, Executive Officers and Corporate Governance​128
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Item 11. Executive Compensation​129
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Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters​129
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Item 13. Certain Relationships and Related Transactions, and Director Independence​129
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Item 14. Principal Accountant Fees and Services​129
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PART IV​​
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Item 15. Exhibit and Financial Statement Schedules​130
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Signatures​​
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.