Pulling SEC filings + quote and writing the call…

Spyre Therapeutics, Inc.
Next earnings Aug 3, 2026 · consensus $-0.77 EPS
Last earnings +2.7% on 2026-05-05
A well-funded clinical-stage IBD biotech with no revenue — a binary bet on antibody trial readouts, not an analyzable business.
Revenue (FY2025) $0.00 · FY2025
Spyre Therapeutics (formerly Aeglea BioTherapeutics) is a clinical-stage biotech reshaped around a portfolio of next-generation monoclonal antibodies for inflammatory bowel disease (ulcerative colitis, Crohn's) and other immune-mediated diseases — the SPY001 (alpha-4-beta-7 integrin), SPY002 (TL1A) and SPY003 (IL-23) programs licensed from Paragon. It has no commercial product and generated zero product revenue in FY2025; the only revenue history is a small legacy gain tied to the pegzilarginase sale to Immedica, the proceeds of which largely flow to CVR holders. This is a pipeline story whose value is entirely contingent on clinical and regulatory success.
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $18.7M | $2.33M | $886K | $0.00 | $0.00 |
| Gross profit | — | — | — | — | — |
| Operating income | -$65.6M | -$84.8M | -$242M | -$209M | -$210M |
| Net income | -$65.8M | -$83.8M | -$339M | -$208M | -$155M |
| Diluted EPS | -$25.02 | -$24.86 | -$49.12 | — | — |
| Net margin | -351.1% | -3598.8% | -38238.1% | — | — |
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.
Sources: SEC EDGAR (CIK 0001636282, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/21/2026, 8:53:39 PM.
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Last 90 days: 0 open-market buys · 11 sales
| 2026-06-25 | Burrows Scott L Chief Financial Officer | Exercise | 15.0K @ $14.50 | $218K |
| 2026-06-25 | Burrows Scott L Chief Financial Officer | Sell | 5.00K @ $87.12 | $436K |
| 2026-06-25 | Burrows Scott L Chief Financial Officer | Sell | 10.0K @ $87.14 | $871K |
| 2026-06-23 | Fairmount Funds Management LLC Director | Acquired (C) | 667K | |
| 2026-06-23 | Fairmount Funds Management LLC Director | Sell | 4.68M @ $85.31 | $400M |
| 2026-06-22 | HENDERSON MICHAEL THOMAS Director | Sell | 20.0K @ $100.00 | $2.00M |
| 2026-06-03 | Sloan Sheldon Chief Medical Officer | Exercise | 8.33K @ $27.46 | $229K |
| 2026-06-03 | Sloan Sheldon Chief Medical Officer | Sell | 8.33K @ $75.00 | $625K |
| 2026-06-01 | Turtle Cameron Chief Executive Officer | Sell | 3.56K @ $69.40 | $247K |
| 2026-06-01 | Turtle Cameron Chief Executive Officer | Sell | 8.15K @ $70.50 | $575K |
| 2026-06-01 | Turtle Cameron Chief Executive Officer | Sell | 3.29K @ $71.38 | $235K |
| 2026-06-01 | Burrows Scott L Chief Financial Officer | Exercise | 7.50K @ $14.50 | $109K |
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.