CRESCENT BIOPHARMA, INC.
For the period ended Mar 31, 2026. Filed Apr 29, 2026.
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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.
Mar 31, 2026 · Filed Apr 29, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS
(in thousands, except share and per share amounts)
| Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 | |
|---|---|---|
| License agreement revenue | $1,039 | $— |
| Operating expenses | ||
| Research and development(1) | 17,903 | 10,627 |
| General and administrative(2) | 7,865 | 3,597 |
| Total operating expenses | 25,768 | 14,224 |
| Loss from operations | (24,729) | (14,224) |
| Other income (expense): | ||
| Interest income | 1,446 | 188 |
| Interest expense(3) | — | (1,112) |
| Total other income (expense) | 1,446 | (924) |
| Net loss and comprehensive loss | $(23,283) | $(15,148) |
| Net loss per share attributable to ordinary shareholders, basic and diluted | $(0.70) | $(19.63) |
| Net loss per share attributable to Series A non-voting convertible preferred shareholders, basic and diluted | $(699.31) | — |
| Weighted-average ordinary shares outstanding used in computing net loss per share to ordinary shareholders, basic and diluted | 30,397,886 | 771,851 |
| Weighted-average Series A non-voting convertible preferred shares outstanding used in computing net loss per share to Series A non-voting convertible preferred shareholders, basic and diluted | 2,890 | — |
(1)Includes related party amount of $2,923 and $8,777 for the three months ended March 31, 2026 and March 31, 2025, respectively.
(2)Includes related party amount of $0 and $466 for the three months ended March 31, 2026 and March 31, 2025, respectively.
(3)Includes related party amount of $0 and $445 for the three months ended March 31, 2026 and March 31, 2025, respectively.
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