EWTX Edgewise Therapeutics, Inc.

NEUTRAL Impact: 4/10 8-K
Horizon weeks Filed May 7, 2026 Processed 1mo ago SEC 0001104659-26-056783
8-K Item 2.02: Earnings release
Latest settled — T+20d
EWTX ▲ +1.77% at T+20d
NEUTRAL call ✓ call won +1.77% · α vs SPY -1.37% · entry $35.58 → $36.21
Next anchor: T+60d in 8w
Currently $34.06 · -4.27% from $35.58 entry
Entry anchored
May 7, 08:00 AM ET
via Databento tick
T+1d
-0.73%
call -0.73% · α -1.56%
$35.32
settled 5w ago
T+5d
-5.12%
call -5.12% · α -6.62%
$33.76
settled 27d ago
T+20d
+1.77%
call +1.77% · α -1.37%
$36.21
settled 5d ago
T+60d
call — · α —
in 8w

Price Chart

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Executive Summary

Edgewise Therapeutics reported Q1 2026 net loss per share of $0.46, beating consensus of -$0.48 by ~4.2%. The pre-revenue biotech highlighted positive long-term sevasemten stabilization data and reiterated key catalysts (CIRRUS-HCM 12-week data in Q2 2026, GRAND CANYON pivotal results in Q4 2026). Cash decreased to $499.6M, with R&D spending up YoY as pipeline programs advanced.

Actionable Insight

No revenue or guidance provided; the stock will trade on upcoming catalysts (CIRRUS-HCM data, GRAND CANYON results). Monitor for Phase 2 HCM data in Q2 2026 and cash runway - current $499.6M should fund operations into late 2026.

Key Facts

  • Net loss per share $0.46 vs consensus $0.48 beat (5.2% surprise)
  • Cash, cash equivalents and marketable securities $499.6M as of March 31, 2026
  • R&D expenses $42.7M (up from $36.8M in Q1 2025) due to increased EDG-7500 and EDG-15400 activity
  • Net loss widened to $49.0M from $40.8M in Q1 2025
  • Positive long-term sevasemten data showing functional stabilization up to 3.5 years in Becker MD
  • CIRRUS-HCM Phase 2 12-week data expected Q2 2026; GRAND CANYON pivotal results Q4 2026

Financial Impact

No revenue; net loss increased ~20% YoY. Cash burn $30.5M during Q1 2026.

net losscashR&D expenses

Risk Factors

  • Clinical trial failures could impair stock significantly; GRAND CANYON and CIRRUS-HCM are binary events.
  • Cash burn rate increasing; may require financing within 12-18 months.
  • Pre-revenue biotech with no approved products - volatility expected.

Market Snapshot

Exchange
Nasdaq
Sector
Pharmaceutical Preparations
Analyst Consensus
83% bullish (18 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001104659-26-056783
Document: tm2613489d1_8k.htm0001104659-26-056783
Document: 0001104659-26-056783-index-headers.html0001104659-26-056783
Document: 0001104659-26-056783-index.html0001104659-26-056783
Document: 0001104659-26-056783.txt0001104659-26-056783
8-K Data (Synthetic)0001104659-26-056783
5 reports for EWTX
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for EWTX — sortable, filterable
Type Now
Jun 1, 2026
8d ago
8-K
BULLISH ★ 8/10
$40.26 $35.59▼ −11.60%▼ −8.85%$34.06 (−15.40%)
May 7, 2026
4w ago
8-K
NEUTRAL ★ 4/10
$35.58 $33.76▼ −5.12%▼ −6.62%$34.06 (−4.27%)
Apr 23, 2026
6w ago
DEFA14A
NEUTRAL ★ 2/10
$31.58 $30.96▼ −1.96%▼ −2.87%$34.06 (+7.85%)
Mar 27, 2026
10w ago
144
NEUTRAL ★ 3/10
$30.28 $32.50▲ +7.33%▲ +3.03%$34.06 (+12.48%)
Feb 26, 2026
14w ago
8-K
NEUTRAL ★ 4/10
$29.66 $28.39▼ −4.28%▼ −3.15%$34.06 (+14.83%)
Showing 5 of 5

US Market Status

Market Closed — Opens Thu (11h 13m)

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