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BiomX Inc.

For the period ended Sep 30, 2025. Filed Nov 12, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 12, 2025

HLSQ$0.13+6.8%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarter ended September 30,2025

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number:001-38762

BiomX Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware82-3364020
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
22 Einstein St., Floor 4, Ness Ziona, Israel7414003
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code:+972 723942377

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, $0.0001 par valuePHGENYSE American

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

The number of shares outstanding of the Registrant’s shares of Common Stock as of November 11, 2025 was 29,006,165.

FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2025

TABLE OF CONTENTS

Page
Part I. Financial Information1
Item 1. Financial Statements1
Condensed Consolidated Balance Sheets (unaudited)F-1
Condensed Consolidated Statements of Operations (unaudited)F-3
Condensed Consolidated Statements of Changes in Stockholders’ Equity (unaudited)F-4
Condensed Consolidated Statements of Cash Flows (unaudited)F-6
Notes to Condensed Consolidated Financial Statements (unaudited)F-7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations2
Item 3. Quantitative and Qualitative Disclosures About Market Risk11
Item 4. Controls and Procedures11
Part II. Other Information12
Item 6. Exhibits.12
Part III. Signatures13

i

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This Quarterly Report on Form 10-Q, or the Quarterly Report, includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and other securities laws. The statements contained herein that are not purely historical, are forward-looking statements. Forward-looking statements include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. For example, we are making forward-looking statements when we discuss our business strategy and plans, our clinical and pre-clinical development program, including timing, milestones and the design thereof, including acceptance of regulatory agencies of such design and lifting of the current clinical hold, the potential opportunities for and benefits of the BacteriOphage Lead to Treatment, or BOLT, platform, the potential of our product candidates and the sufficiency of financial resources and financial needs and ability to continue as a going concern. However, you should understand that these statements are not guarantees of performance or results, and there are a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed in the forward-looking statements, including, among others:

●the ability to generate revenues, and raise sufficient financing to meet working capital requirements and continue as a going concern;
●the effects of a prolonged shutdown of the U.S. federal government on our operations, including the U.S. Food and Drug Administration, or FDA, or the U.S. Securities and Exchange Commission, or SEC;
●the unpredictable timing and cost associated with our approach to developing product candidates using phage technology and potential success thereof;
●political, economic and military instability in the State of Israel, and in particular, the war in Iran, Gaza and Lebanon, additional potential conflicts with other middle eastern countries and the continuation of the proposed judicial and other legislation reform by the Israeli government;
●political and economic instability, including, without limitation, due to natural disasters or other catastrophic events, such as the Russian invasion of Ukraine and world sanctions on Russia, Belarus, and related parties, terrorist attacks, hurricanes, fire, floods, pollution and earthquakes;
●obtaining FDA acceptance of any non-U.S. clinical trials of product candidates, including the lifting of the clinical hold imposed on our Phase 2b clinical trial with respect to BX004 by the FDA;
●our ability to enroll patients in clinical trials and achieve anticipated development milestones when expected;
●the ability to pursue and effectively develop new product opportunities and acquisitions and to obtain value from such product opportunities and acquisitions;
●penalties and market withdrawal associated with any unanticipated problems with product candidates and failure to comply with labeling and other restrictions;
●general economic conditions, our current low stock price and other factors on our operations, the continuity of our business, including our preclinical and clinical trials, and our ability to raise additional capital;
●expenses associated with compliance with ongoing regulatory obligations and successful continuing regulatory review;
●market acceptance of our product candidates and ability to identify or discover additional product candidates;
●our ability to obtain high titers for specific phage cocktails necessary for preclinical and clinical testing;
●the availability of specialty raw materials and global supply chain challenges;
●the ability of our product candidates to demonstrate requisite, safety and efficacy for drug products, or safety, purity and potency for biologics without causing adverse effects;

ii

●the success of expected future advanced clinical trials of our product candidates;
●our ability to obtain required regulatory approvals;
●delays in developing manufacturing processes for our product candidates;
●competition from similar technologies, products that are more effective, safer or more affordable than our product candidates or products that obtain marketing approval before our product candidates;
●the impact of unfavorable pricing regulations, third-party reimbursement practices or healthcare reform initiatives on our ability to sell product candidates or therapies profitably;
●protection of our intellectual property rights and compliance with the terms and conditions of current and future licenses with third parties;
●infringement on the intellectual property rights of third parties and claims for remuneration or royalties for assigned service invention rights;
●our ability to acquire, in-license or use proprietary rights held by third parties necessary to our product candidates or future development candidates;
●ethical, legal and social concerns about synthetic biology and genetic engineering that may adversely affect market acceptance of our product candidates;
●reliance on third-party collaborators;
●our ability to attract and retain key employees or to enforce the terms of noncompetition agreements with employees;
●the failure to comply with applicable laws and regulations other than drug manufacturing compliance; and
●potential security breaches, including cybersecurity incidents.

For a detailed discussion of these and other risks, uncertainties and factors, see Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2024. All forward-looking statements contained in this Quarterly Report speak only as of the date hereof. Except as required by law, we are under no duty to (and expressly disclaim any such obligation to) update or revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this Quarterly Report. Comparisons of results between current and prior periods are not intended to express any future trends, or indications of future performance, and should be viewed only as historical data.

iii

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