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SpringWorks Therapeutics (SWTX) investor relations material
SpringWorks Therapeutics Q1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
SpringWorks Therapeutics is a commercial-stage biopharma focused on rare diseases and oncology, with two FDA-approved products: OGSIVEO and GOMEKLI, and a pipeline of clinical and preclinical candidates.
OGSIVEO (nirogacestat) is approved for adult desmoid tumors; GOMEKLI (mirdametinib) is approved for NF1-associated plexiform neurofibromas in adults and children.
On April 27, 2025, SpringWorks entered into a merger agreement to be acquired by Merck KGaA, Darmstadt, Germany, for $47.00 per share in cash, pending customary closing conditions.
Financial highlights
Net product revenue for Q1 2025 was $49.1 million, up 134% year-over-year from $21.0 million in Q1 2024, driven by OGSIVEO and GOMEKLI launches.
Net loss for Q1 2025 was $83.2 million, compared to $87.4 million in Q1 2024, a 5% improvement.
Cash, cash equivalents, and marketable securities totaled $382.7 million as of March 31, 2025, down from $461.9 million at year-end 2024.
Operating expenses increased to $129.6 million in Q1 2025 from $114.9 million in Q1 2024, mainly due to higher SG&A costs for commercialization.
Net cash used in operating activities was $68.8 million for Q1 2025, compared to $78.9 million in Q1 2024.
Outlook and guidance
Management expects current liquidity to fund operations for at least twelve months from the reporting date.
Profitability is anticipated in the first half of 2026, contingent on continued commercial success of OGSIVEO and GOMEKLI.
Pre-commercial preparations for OGSIVEO and GOMEKLI are underway in Europe, with regulatory decisions expected in 2025.
- Q2 revenue hit $59.7M, OGSIVEO led sales, net loss narrowed, mirdametinib NDA submitted.SWTX
Q2 20242 Feb 2026 - Ogsiveo and mirdametinib drive growth, with strong adoption, market confidence, and pipeline momentum.SWTX
Goldman Sachs 45th Annual Global Healthcare Conference1 Feb 2026 - OGSIVEO revenue up 23% in Q3; mirdametinib advanced in review, narrowing net loss.SWTX
Q3 202414 Jan 2026 - Ogsiveo surpasses forecasts, with strong U.S. growth, new formulations, and European launch ahead.SWTX
Guggenheim’s Inaugural Healthcare Innovation Conference14 Jan 2026 - Rapid market adoption and pipeline progress signal major growth ahead.SWTX
Jefferies London Healthcare Conference 202413 Jan 2026 - Ogsiveo and mirtametinib launches drive growth, with strong data and expanding global reach.SWTX
7th Annual Evercore ISI HealthCONx Healthcare Conference12 Jan 2026 - OGSIVEO's rapid adoption and mirdametinib's pending approval drive growth and profitability.SWTX
43rd Annual J.P. Morgan Healthcare Conference 202510 Jan 2026 - First-in-class oncology therapies OGSIVEO and GOMEKLI fuel growth, global expansion, and pipeline momentum.SWTX
Corporate Presentation4 Jul 2025 - OGSIVEO and mirdametinib drive growth as SpringWorks advances a robust, diversified oncology pipeline.SWTX
Corporate Presentation13 Jun 2025
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