
• Reported GAAP EPS of -$2.08 down -155.32% YoY • Reported revenue of $0.36M • Seres Therapeutics expects to fund its operations through the third quarter of 2026 based on its current cash position and operating plans, while evaluating opportunities to extend its cash runway.
Bullish
Seres Therapeutics is advancing SER-603 and SER-155 with positive preclinical and Phase 1b clinical data, and expects a key SER-155 readout soon, while reducing operating expenses.
Bearish
Seres Therapeutics reported a net loss of $19.9M and a $(2.08) basic net loss per share in Q1 2026, with cash to fund operations only through Q3 2026, necessitating new financing.