Pulling SEC filings + quote and writing the call…

Apogee Therapeutics, Inc.
Next earnings Aug 10, 2026 · consensus $-1.10 EPS
Last earnings +1.9% on 2026-05-11
Well-funded clinical-stage biotech (~$903M liquidity) but pre-revenue and burning $227M/yr — a binary, catalyst-driven bet on zumilokibart.
Net income -$256M · FY2025
Apogee Therapeutics is a clinical-stage biotech developing antibody therapies for inflammatory and immunology indications, led by zumilokibart (APG777) plus APG279, APG273 and APG808. It has no product revenue and no approved products, so the investment case rests entirely on pipeline progress rather than current financials. FY2025 reflects a company in full development mode: net loss widened to -$256M, operating loss to -$286M, and R&D rose 27.9% to $215M as trials advanced. Operating cash burn was -$227M.
| Line item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | -$30.7M | -$93.0M | -$217M | -$286M |
| Net income | -$39.8M | -$84.0M | -$182M | -$256M |
| Diluted EPS | -$16.16 | -$3.36 | -$3.30 | -$4.22 |
| Net margin | — | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Sources: SEC EDGAR (CIK 0001974640, latest 10-Q filed 2026-05-11) · EODHD · analysis by claude-code · as of 6/21/2026, 8:55:55 PM.
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Last 90 days: 0 open-market buys · 8 sales
| 2026-06-22 | Dambkowski Carl Chief Medical Officer | Sell | 26.4K @ $132.60 | $3.50M |
| 2026-06-22 | HENDERSON MICHAEL THOMAS Chief Executive Officer | Sell | 80.0K @ $132.54 | $10.6M |
| 2026-06-10 | HENDERSON MICHAEL THOMAS Chief Executive Officer | Sell | 6.77K @ $82.21 | $557K |
| 2026-06-10 | HENDERSON MICHAEL THOMAS Chief Executive Officer | Sell | 7.65K @ $82.78 | $634K |
| 2026-06-10 | HENDERSON MICHAEL THOMAS Chief Executive Officer | Sell | 1.08K @ $84.18 | $90.9K |
| 2026-06-10 | HENDERSON MICHAEL THOMAS Chief Executive Officer | Sell | 1.58K @ $85.19 | $134K |
| 2026-06-10 | HENDERSON MICHAEL THOMAS Chief Executive Officer | Sell | 2.31K @ $86.27 | $199K |
| 2026-06-10 | HENDERSON MICHAEL THOMAS Chief Executive Officer | Sell | 614.00 @ $86.89 | $53.4K |
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
1044 tracked peers · median
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.