Maze Therapeutics Inc Reports Q4 Operating Loss of $38.059 Million, Exceeding IBES Estimate of $36 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 25 2026
0mins
Should l Buy MAZE?
Source: moomoo
- Financial Performance: Maze Therapeutics reported Q4 income from operations of USD 38.059 million.
- Comparison with Estimates: This figure exceeds the estimated income of USD 36 million.
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Analyst Views on MAZE
Wall Street analysts forecast MAZE stock price to rise
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 29.050
Low
46.00
Averages
52.00
High
60.00
Current: 29.050
Low
46.00
Averages
52.00
High
60.00
About MAZE
Maze Therapeutics, Inc. is a clinical-stage biopharmaceutical company. The Company is engaged in harnessing the power of human genetics and variant functionalization with its Maze Compass platform to develop small-molecule precision medicines for the treatment of renal, cardiovascular and related metabolic diseases, including obesity. The Compass platform has been purpose-built to inform all phases of drug discovery and development process through clinical trial design, advancing two wholly owned lead programs, MZE829 and MZE782, each of which represents a novel precision medicine-based approach to chronic kidney disease (CKD). Its lead program, MZE829, is an oral, small-molecule inhibitor of apolipoprotein L1, or APOL1, for the treatment of patients with APOL1 kidney disease, or AKD. Its second lead program, MZE782, is an oral, small-molecule inhibitor of the solute transporter SLC6A19, a novel CKD target.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Clinical Trial Results: On March 25, 2026, Maze Therapeutics announced topline results from its Phase 2 HORIZON trial, showing that MZE829 achieved a mean reduction of approximately 35.6% in urine albumin-to-creatinine ratio (uACR) at Week 12, with about 50% of patients experiencing over a 30% reduction, which the company characterized as 'clinically meaningful'.
- Stock Price Plunge: Following the announcement of these clinical results, Maze's stock price declined by approximately 33% on March 25, 2026, indicating a negative market reaction that could lead to significant losses for investors.
- Legal Investigation Initiated: Johnson Fistel, PLLP is investigating whether Maze's executives complied with federal securities laws, particularly regarding potential improper disclosures following the stock price drop, aiming to seek compensation for affected investors.
- Investor Rights Protection: Johnson Fistel, a nationally recognized shareholder rights law firm, was ranked among the Top 10 Plaintiff Law Firms in 2024, successfully recovering approximately $90.725 million for clients, demonstrating its effectiveness in advocating for investor rights.
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- Executive Stock Transaction: Harold Bernstein, the CMO of Maze Therapeutics, exercised 15,000 stock options and immediately sold the shares for approximately $736,000, indicating a strategy of utilizing options for liquidity rather than reducing existing stock positions.
- Market Reaction: Despite Maze Therapeutics reporting positive topline data from the Phase 2 HORIZON Trial of MZE829, the stock plummeted 33% on Wednesday, reflecting market sensitivity to executive stock sales and potential liquidity events.
- Significant Clinical Progress: MZE829 demonstrated a 35.6% reduction in proteinuria in clinical trials, with half of the patients achieving at least a 30% reduction, indicating potential for delaying disease progression and strong efficacy in certain subgroups.
- Long-term Investment Outlook: While the stock experiences short-term volatility, the progress in Maze Therapeutics' pipeline and its focus on genetically validated small molecule drugs provide a solid foundation for future commercialization, suggesting a favorable outlook for long-term investors.
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- Clinical Trial Data: Maze Therapeutics reported 12-week data from its HORIZON study showing that MZE829 led to a clinically meaningful decline in proteinuria, with an average uACR reduction of 35.6% among 12 patients, indicating potential efficacy in treating APOL1-mediated kidney disease.
- Safety Analysis: The safety analysis involving 15 patients indicated that MZE829 was well tolerated, with common treatment-related adverse events including headache and diarrhea, and no serious adverse events reported, highlighting the drug's safety profile.
- Market Reaction: Despite the encouraging initial data, Maze Therapeutics' stock plummeted approximately 37%, reflecting market concerns about the company's future prospects, possibly linked to investor interpretation of the clinical trial results.
- Financial Position: Ahead of the trial readout, Maze Therapeutics reported its Q4 2025 financial results, indicating a cash runway extending into 2028, which underscores the company's financial stability amidst ongoing clinical developments.
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- Clinical Trial Results: Maze Therapeutics' Phase 2 HORIZON trial for MZE829 demonstrated a clinically meaningful 35.6% mean reduction in proteinuria at week 12 among broad APOL1-mediated kidney disease patients, with 50% achieving over 30% reduction, indicating significant potential for improving renal function.
- Patient Group Analysis: The trial enrolled 15 patients, all included in safety and tolerability assessments, with FSGS patients showing a remarkable 61.8% mean reduction in uACR, highlighting MZE829's strong efficacy in specific subgroups.
- Future Development Plans: Maze intends to continue patient enrollment in the HORIZON trial and advance MZE829 into pivotal clinical programs, aiming to provide new treatment options for broad APOL1-mediated kidney disease patients and solidify its position in the biopharmaceutical sector.
- Market Reaction: In pre-market trading on Wednesday, Maze Therapeutics' stock rose 9.45% to $53.63, reflecting positive market sentiment towards the clinical data for MZE829, which may drive future financing and R&D activities.
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- Earnings Highlights: Maze Therapeutics reported a Q4 GAAP EPS of -$0.65, beating expectations by $0.07, indicating resilience in financial performance despite ongoing losses.
- Strong Cash Reserves: The company holds $360 million in cash, cash equivalents, and marketable securities, ensuring operational stability for the coming years with an expected cash runway extending into 2028, which boosts investor confidence.
- Innovative Platform: With its nature-driven innovative platform, Maze Therapeutics is focused on developing new therapies, showcasing potential in the biopharmaceutical sector that may attract increased investor interest in its R&D progress.
- Positive Market Reaction: Following the earnings release, the market reacted positively to Maze Therapeutics, enhancing investor confidence in its future growth potential, which could lead to an increase in stock price.
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