Radiopharm Theranostics
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Radiopharm Theranostics (RAD) investor relations material

Radiopharm Theranostics Q2 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 TU earnings summary27 Jan, 2026

Executive summary

  • Interim Phase 2b data for RAD 101 showed 92% of evaluable brain metastases patients met the primary MRI concordance endpoint, supporting further clinical advancement.

  • Multiple clinical programs advanced, including RAD 202, RAD 204, RV-01, RAD 402, and RAD 301, with key milestones expected in 2026.

  • Cash and cash equivalents of $34.52 million as of 31 December 2025 provide funding runway into 2027.

Financial highlights

  • Cash and cash equivalents increased to $34.52 million at 31 December 2025, up from $29.12 million at year-end.

  • Net cash outflows from operating activities for the six months ended 31 December 2025 totaled $22.67 million.

  • Raised approximately $35 million via private placement in October 2025.

  • Net cash from financing activities for the half-year was $33.44 million.

Outlook and guidance

  • Interim data from additional cohorts of RAD 202 and RAD 204 Phase 1 trials expected mid-2026.

  • Enrollment for RAD 101 Phase 2b to complete in Q1 2026, with potential Phase 3 trial preparation pending confirmation of results.

  • First-in-human Phase 1 trials for RV-01 and RAD 402 anticipated to begin in Q1 2026.

  • RAD 301 Phase 1 trial in pancreatic cancer nearing completion, with Phase 2 trial planned.

Reconcile cash runway with 4C funding estimate
Pipeline prioritization criteria for resource allocation
Significance of RAD 204's 5.5-month stable disease
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Q3 202627 Apr, 2026
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Q3 202627 Apr, 2026

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Frequently asked questions

Radiopharm Theranostics Limited is a biotechnology company focused on the development of radiopharmaceutical products for the diagnosis and treatment of cancer. The company specializes in theranostics, combining therapeutic and diagnostic capabilities into a single platform. Its pipeline includes targeted radiopharmaceuticals designed to deliver precision treatments while enabling imaging for monitoring disease progression. The company is headquartered in Melbourne, Australia, and its shares are listed on the ASX.

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