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Zura Bio
Zura Bio (ZURA) investor relations material
Zura Bio Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Advanced two Phase 2 clinical trials for tibulizumab in hidradenitis suppurativa and systemic sclerosis, with topline data expected in the second half of 2026.
Pipeline includes crebankitug (IL-7R inhibitor) and torudokimab (IL-33 inhibitor), both in early clinical evaluation or completed Phase 1/1b studies.
No product revenue; operations funded by equity raises, private placements, and an ATM program.
Financial highlights
Net loss was $18.0 million for Q3 2025, a 13% improvement year-over-year; net loss for the nine months ended September 30, 2025 was $51.5 million, up 33% year-over-year.
R&D expenses rose 98% to $11.9 million for Q3 2025, reflecting clinical trial progress.
General and administrative expenses decreased 43% to $7.6 million for Q3 2025 due to lower share-based compensation.
Cash and cash equivalents were $139.0 million as of September 30, 2025.
Outlook and guidance
Sufficient liquidity to fund operations through 2027 based on current plans.
Topline results for Phase 2 trials expected in Q3 and Q4 2026.
Expenses expected to increase as clinical and preclinical programs advance.
Impact of competitive landscape on enrollment?
Reconcile increased R&D with 2027 cash runway.
Next steps for Crebankitug and Torudokimab?
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Next Zura Bio earnings date
Guggenheim Securities Emerging Outlook: Biotech Summit 202611 Feb, 2026
Zura Bio
Next Zura Bio earnings date
Guggenheim Securities Emerging Outlook: Biotech Summit 202611 Feb, 2026
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Frequently asked questions
Zura Bio Limited is a clinical-stage biotechnology company focused on developing innovative therapies for immune and inflammatory disorders. It leverages multi-asset immunology to create novel dual-pathway antibodies, including tibulizumab, ZB-168, and torudokimab, which are designed to address autoimmune diseases and other conditions with unmet medical needs. These therapies have completed early-phase studies and are advancing towards further clinical development. Zura Bio Limited is headquartered in Henderson, Nevada, and its shares are listed on NASDAQ.
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