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Jun 30, 2025
Leap Therapeutics Q2 2025 Earnings Report
Leap Therapeutics reported a narrowed net loss in Q2 2025, driven by reduced R&D and G&A expenses amid strategic restructuring.
Key Takeaways
Leap Therapeutics reported a net loss of $16.6 million for Q2 2025, an improvement from the prior year, driven by lower R&D and G&A expenses. Operating expenses were reduced through strategic workforce reductions, and the company is actively exploring strategic alternatives for its clinical assets.
Forward Guidance
Leap plans to conserve capital and explore partnership or sale opportunities for its clinical assets while restructuring operations.
Positive Outlook
- Significant reduction in operating expenses year-over-year
- Cash position supports near-term operations
- Completion of patient treatment in DeFianCe study
- Ongoing evaluation of strategic alternatives
- Retained core development capabilities for lead candidates
Challenges Ahead
- No revenue generated in the quarter
- Ongoing net losses and negative EPS
- Restructuring charges added $4.5 million in expenses
- Significant workforce reduction may impact operations
- Decreased interest income and R&D incentives from prior year
Historical Earnings Impact
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Avg. Return Before/After Earnings
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