Repare Therapeutics returned to profitability in Q3 2025 with $3.3 million in net income, driven by a $11.6 million licensing revenue from Debiopharm. Operating expenses fell significantly due to prior restructuring efforts and the out-licensing of the lunresertib program. The company also recognized a gain from the termination of a collaboration agreement. Cash and equivalents stood at $72.8 million at quarter end.
Generated $11.6 million in revenue from a licensing deal with Debiopharm for lunresertib.
Reported net income of $3.3 million, reversing a net loss of $34.4 million in the same quarter last year.
Reduced operating expenses to $13.9 million from $36.4 million YoY due to restructuring and pipeline reprioritization.
Ended the quarter with $72.8 million in cash and equivalents, providing runway into 2027.
Repare expects to maintain a minimal workforce and sufficient cash runway into 2027 as it prepares for its acquisition by XenoTherapeutics.