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Roivant Sciences (ROIV) investor relations material
Roivant Sciences Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Positive Phase 2 results for brepocitinib in cutaneous sarcoidosis demonstrated strong efficacy and safety, with 100% of high-dose patients achieving clinically meaningful improvement and rapid, deep, sustained benefit in a disease with no approved therapies.
NDA for brepocitinib in dermatomyositis submitted; multiple pivotal and late-stage studies fully enrolled or progressing, including for IMVT-1402 in D2T-RA and mosliciguat in PH-ILD.
$550M Immunovant financing completed, extending cash runway to anticipated commercial launch of Graves' disease therapy.
Consolidated cash, cash equivalents, restricted cash, and marketable securities totaled $4.5 billion as of December 31, 2025, supporting a runway into profitability.
Report covers the quarter ended December 31, 2025, with a focus on biopharmaceutical R&D, pipeline progress, and significant clinical and regulatory milestones.
Financial highlights
R&D expenses for the quarter were $165.4M (GAAP), with non-GAAP at $146.7M–$147M; G&A expenses were $175.1M (GAAP), with non-GAAP at $71M.
Net loss from continuing operations was $313.7M–$314M for the quarter, with non-GAAP net loss at $167M.
Revenue for the quarter was $2.0M, down from $9.0M year-over-year, primarily from license agreements.
Cash, cash equivalents, and marketable securities totaled $4.5B as of December 31, 2025, with no debt.
G&A expenses increased due to a $17.1M impairment loss from HQ relocation and higher share-based compensation.
Outlook and guidance
Multiple pivotal study readouts and regulatory catalysts expected in 2026 and beyond, including Phase 3 for brepocitinib in cutaneous sarcoidosis and non-infectious uveitis, and topline data for IMVT-1402 and mosliciguat.
Anticipated NDA filings and potential commercial launches across 7+ indications by end of 2028.
Management expects existing liquidity to fund operations and capital expenditures for the foreseeable future.
Commercial launches for brepocitinib in dermatomyositis and other indications targeted in the coming years.
Jury trial against Moderna scheduled for March 2026.
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