Agios Reports Q4 Net Loss of $108 Million
Reports Q4 net loss $108.0M vs, net loss of $96.5M a year ago. Cash, cash equivalents and marketable securities were $1.2B at year end vs. $1.5B as of December 31, 2024. Agios expects cash, cash equivalents and marketable securities, together with anticipated product revenue and interest income, will provide the financial independence to execute the U.S. commercial launch of AQVESME in thalassemia, prepare for the potential U.S. commercial launch of mitapivat in sickle cell disease, advance the company's existing clinical programs, and expand its pipeline. "2025 was another year of continued execution across our portfolio, highlighted by the historic U.S. approval of AQVESME - the only medicine approved to treat anemia in adults with non-transfusion-dependent and transfusion-dependent alpha- or beta-thalassemia. The U.S. launch is off to a strong start, with AQVESME now available and earning an enthusiastic response from the thalassemia community," said Brian Goff, CEO. "In 2026, we are focused on driving a high-impact U.S. launch of AQVESME, expanding our PK activation franchise into additional high-value indications such as sickle cell disease and lower-risk myelodysplastic syndromes, and advancing our promising early-stage pipeline to further diversify across hematologic and other rare diseases...we are very well positioned at this critical inflection point to deliver a transformative medicine for the thalassemia community and advance our clinical programs as we work toward our goal of becoming a sustainable rare disease company."
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- Share Reduction Details: Rock Springs Capital Management disclosed the sale of 159,379 shares of Agios Pharmaceuticals in Q4 2026, with an estimated transaction value of $5.59 million, indicating a decline in confidence towards the company.
- Position Value Change: As of Q4 2026, Rock Springs' position in Agios was valued at $21.75 million, down $16.72 million from the previous quarter, reflecting negative market sentiment and trading activity impacting the stock.
- Market Performance Analysis: Agios shares were priced at $27.96 as of February 16, 2026, down 16% over the past year and trailing the S&P 500 by 27.8 percentage points, indicating challenges in its competitive position within the biotechnology sector.
- Investor Focus: Despite the reduction in holdings, the FDA approved AQVESME for adult anemia treatment in December 2026, highlighting Agios' potential in rare diseases, prompting investors to monitor future clinical developments closely.
- AQVESME Launch Strategy: CEO Brian Goff emphasized that Agios will focus on executing a high-impact launch of AQVESME for thalassemia treatment in the U.S. in 2026, which is expected to enhance the company's market share and lay the groundwork for future expansions.
- PYRUKYND Revenue Growth: In Q4 2025, PYRUKYND net revenue reached $20 million, reflecting an impressive 86% year-on-year growth, indicating the effectiveness of the company's commercialization strategy in the PK deficiency market, with projected revenues of $45 million to $50 million in 2026.
- Strong Financial Position: Agios ended 2025 with approximately $1.2 billion in cash and cash equivalents, providing flexibility for the AQVESME launch and other R&D projects, showcasing the company's confidence and capability in future investments.
- Optimistic Market Outlook: Management expressed optimism regarding early market response for AQVESME, with 44 prescriptions written by REMS-certified physicians as of January 30, reflecting strong recognition of clinical value and expected to drive future revenue growth.
- Earnings Report: Agios Pharmaceuticals reported a FY GAAP EPS of -$7.12, missing estimates by $0.06, indicating ongoing challenges in profitability that may affect investor confidence.
- Revenue Growth: The company achieved revenue of $54.03 million, a 48.1% year-over-year increase, exceeding market expectations by $7.91 million, suggesting strong product sales and market demand that could lay the groundwork for future growth.
- FDA Drug Approval: Agios' AQVESME (mitapivat) received FDA approval for treating anemia in adults with alpha and beta thalassemia, marking a significant advancement in the company's blood disorder treatment portfolio, potentially driving future sales growth.
- Investor Conference: Agios presented at the 44th Annual J.P. Morgan Healthcare Conference, enhancing its visibility among investors and potentially attracting more investment and partnership opportunities.
- Significant Revenue Growth: In Q4 2025, net revenues for PYRUKYND® (mitapivat) reached $16 million in the U.S., representing a 49% increase from Q4 2024, reflecting the company's sustained commercial focus in the PK deficiency space and a strong launch of AQVESME™ (mitapivat) in the thalassemia market.
- FDA Approval of New Drug: AQVESME™ received FDA approval in December 2025 as the only medication for treating anemia in adults with non-transfusion-dependent and transfusion-dependent alpha or beta-thalassemia, which is expected to significantly enhance the company's market share and brand influence in this area.
- R&D Progress on Track: Agios has fully enrolled its Phase 2 trial of tebapivat for sickle cell disease, with topline results expected in the second half of 2026, laying a solid foundation for further development in this therapeutic area.
- Strong Financial Position: As of December 31, 2025, the company reported $1.2 billion in cash, cash equivalents, and marketable securities, which, despite a decrease from 2024, remains sufficient to support the U.S. commercial launch of AQVESME and advance other clinical programs.
- Earnings Announcement: Agios Pharmaceuticals is set to release its Q4 2023 earnings report on February 12 before market open, with consensus EPS estimates at -$1.95 and revenue at $12.06 million, indicating challenges in profitability.
- Earnings Estimate Adjustments: Over the past three months, EPS estimates have seen no upward revisions and four downward revisions, reflecting a weakening analyst confidence in the company's future earnings, while revenue estimates have experienced two upward and three downward revisions, indicating cautious market sentiment regarding sales growth.
- FDA Drug Approval: Agios' AQVESME (mitapivat) has received FDA approval for treating anemia in adults with alpha and beta thalassemia, which could provide a new revenue stream and strengthen its market position in the blood disorder treatment sector.
- Market Reaction: Following a recent stock selloff, Leerink upgraded Agios to Outperform, suggesting a positive outlook from analysts regarding the company's future performance, which may attract more investor interest.
- DuPont Earnings Expectations: DuPont is expected to report earnings of $0.43 per share and revenue of $1.69 billion for Q4 2025, with analysts noting ongoing pressure in short-cycle businesses, while slight improvements in the automotive sector may influence investor sentiment.
- Cisco's AI Focus: Cisco anticipates earnings of $1.02 per share and revenue of $15.1 billion for Q2 FY2026, with CEO highlighting a major multi-year campus networking refresh, making AI infrastructure demand a critical growth driver.
- Importance of Employment Report: The January employment report is expected to show an addition of 80,000 nonfarm payrolls and an unchanged unemployment rate of 4.4%, directly impacting private consumption and U.S. GDP, making it crucial for investors to monitor.
- Consumer Price Index Insights: The January CPI is projected to increase by 2.5% year-over-year, with core CPI rising by 2.6%, providing essential inflation details despite not being the Fed's preferred measure, particularly regarding persistent shelter cost inflation.







