Pulling SEC filings + quote and writing the call…

Vor Biopharma Inc.
Next earnings Aug 10, 2026 · consensus $-0.71 EPS
Last earnings +4.7% on 2026-01-12
Pre-revenue clinical-stage biotech with negative equity, a $696M loss, and no Phase 3 readout until 1H 2027 — speculative binary bet.
Vor Bio is no longer the company it was a year ago. The May 2025 Restructuring Plan wound down ~99% of the workforce (154 employees) and abandoned the prior pipeline, and the company pivoted entirely to telitacicept, an in-licensed asset from RemeGen for autoimmune indications (gMG, SjD). This is effectively a new biotech wearing the old ticker, with one Phase 3 program and no commercial revenue. Per management, topline gMG Phase 3 data is not expected until 1H 2027, meaning there is no near-term fundamental catalyst — just cash burn against a binary readout.
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | -$69.0M | -$93.4M | -$126M | -$121M | -$372M |
| Net income | -$68.9M | -$92.1M | -$118M | -$117M | -$696M |
| Diluted EPS | -$2.10 | -$2.33 | -$1.75 | -$34.03 | -$70.50 |
| 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.
Annual meeting vote results filed; routine governance outcome with no strategy change.
Reg FD disclosure (likely conference/investor deck) on telitacicept programs.
Q1'26 10-Q: cash funds ops into early 2029; telitacicept Phase 3 enrolling.
Annual meeting proxy; routine board/comp votes, no strategic shift signaled.
Annual meeting proxy; routine board/comp votes, no strategic shift signaled.
FY25 net loss $696M from RemeGen license charge; pivot to telitacicept; $455M cash.
2026 private placement priced; equity issuance extends cash runway to early 2029.
Shelf registration filed to facilitate future equity/debt issuance.
Business update / preliminary results disclosure ahead of full year-end reporting.
Sources: SEC EDGAR (CIK 0001817229, latest 10-Q filed 2026-05-13) · EODHD · analysis by claude-code · as of 6/25/2026, 2:59:55 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.
1044 tracked peers · median
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.