Pulling SEC filings + quote and writing the call…

BioAge Labs, Inc.
Next earnings Aug 4, 2026 · consensus $-0.62 EPS, $1.92M rev
Last earnings +1.0% on 2026-05-08
Clinical-stage biotech with one Phase 1 asset, $189M cash burning at ~$82M/yr, and a $1.01B market cap pricing in success not yet earned.
Revenue $8.99M · FY2025
BioAge Labs is a pre-revenue clinical-stage biopharmaceutical company whose entire equity story rests on BGE-102, a novel oral NLRP3 inhibitor that only entered Phase 1 SAD/MAD dosing in late 2025. The FY2025 financials confirm the binary nature of the bet: $8.99M of revenue (almost certainly collaboration/grant income, not product sales) against a $80.6M net loss, a -$92.8M operating loss, and -$81.6M of operating cash burn that worsened 58.4% year-over-year. R&D rose 25.3% to $74.0M, which is the right direction for a developmental biotech but accelerates the cash drain.
| Line item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | — | $0.00 | $8.99M |
| Gross profit | — | — | — |
| Operating income | -$48.4M | -$78.2M | -$92.8M |
| Net income | -$63.9M | -$71.1M | -$80.6M |
| Diluted EPS | -$38.17 | -$6.63 | -$2.24 |
| Net margin | — | — | -896.1% |
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.
Annual meeting vote results disclosed; routine governance, no business impact.
Q1 2026 10-Q; continued R&D-heavy burn against BGE-102 development timeline.
Q1 2026 10-Q; continued R&D-heavy burn against BGE-102 development timeline.
DEF 14A proxy: routine board/say-on-pay items ahead of annual meeting.
FY2025 10-K: BGE-102 lead program; loss -$80.6M, R&D +25%, cash runway shortening.
FY2025 10-K: BGE-102 lead program; loss -$80.6M, R&D +25%, cash runway shortening.
Entered material definitive agreement; potential partnership or financing arrangement.
Reg FD update, likely follow-on BGE-102 Phase 1 commentary post-MAD data.
BGE-102 Phase 1 SAD/MAD readout: well-tolerated, supports once-daily oral dosing.
Sources: SEC EDGAR (CIK 0001709941, latest 10-Q filed 2026-05-08) · EODHD · analysis by claude-code · as of 6/25/2026, 2:25:12 PM.
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Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
1043 tracked peers · median
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.