EWTX Edgewise Therapeutics, Inc.
Price Chart
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.
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
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-056783 |
| Document: tm2613489d1_8k.htm | 0001104659-26-056783 |
| Document: 0001104659-26-056783-index-headers.html | 0001104659-26-056783 |
| Document: 0001104659-26-056783-index.html | 0001104659-26-056783 |
| Document: 0001104659-26-056783.txt | 0001104659-26-056783 |
| 8-K Data (Synthetic) | 0001104659-26-056783 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 1, 2026
8d ago
|
8-K
| $40.26 $35.59 | ▼ −11.60% | ▼ −8.85% | $34.06 (−15.40%) |
|
May 7, 2026
4w ago
|
8-K
| $35.58 $33.76 | ▼ −5.12% | ▼ −6.62% | $34.06 (−4.27%) |
|
Apr 23, 2026
6w ago
|
DEFA14A
| $31.58 $30.96 | ▼ −1.96% | ▼ −2.87% | $34.06 (+7.85%) |
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Mar 27, 2026
10w ago
|
144
| $30.28 $32.50 | ▲ +7.33% | ▲ +3.03% | $34.06 (+12.48%) |
|
Feb 26, 2026
14w ago
|
8-K
| $29.66 $28.39 | ▼ −4.28% | ▼ −3.15% | $34.06 (+14.83%) |
US Market Status
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