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Mar 31, 2025
REGENXBIO Q1 2025 Earnings Report
REGENXBIO posted strong revenue growth and returned to profitability in Q1 2025 driven by partnership-related income.
Key Takeaways
REGENXBIO reported $89.0 million in revenue and a net income of $6.1 million for Q1 2025, reversing last year’s net loss due to a $71.8 million boost from a licensing deal with Nippon Shinyaku.
Revenue surged to $89.0 million, primarily due to license and service revenue from the Nippon Shinyaku collaboration.
Net income reached $6.1 million compared to a $63.3 million net loss in Q1 2024.
R&D expenses slightly declined while G&A expenses rose due to increased personnel and service costs.
Cash and securities position strengthened to $272.7 million, expected to fund operations into H2 2026.
Revenue by Segment
Forward Guidance
REGENXBIO expects its current cash position to fund operations into the second half of 2026.
Positive Outlook
- Strong licensing revenue boosts financial position.
- Cash runway extended through H2 2026.
- Initiation of commercial manufacturing for RGX-202 planned for Q3 2025.
- FDA BLA acceptance for RGX-121 expected in May 2025.
- Advanced pivotal trial enrollments continue for multiple assets.
Challenges Ahead
- No updated financial projections for FY 2025 provided.
- Product revenue yet to commence, reliant on milestone payments.
- Increased G&A expenses could impact profitability.
- Significant portion of revenue is non-recurring from upfront payments.
- Clinical and regulatory milestones carry execution risks.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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