Key Points Greenvale bought 2,350,000 shares of Enphase Energy in the fourth quarter. The quarter-end position value rose by $75.32 million, reflecting the new purchase. The new position places Enphase Energy as Greenvale's fifth largest holding by market value. 10 stocks we like better than Enphase Energy › On February 17, 2026, Greenvale Capital LLP disclosed a new position in Enphase Energy (NA...
Key Points Greenvale bought 2,350,000 shares of Enphase Energy in the fourth quarter. The quarter-end position value rose by $75.32 million, reflecting the new purchase. The new position places Enphase Energy as Greenvale's fifth largest holding by market value. 10 stocks we like better than Enphase Energy › On February 17, 2026, Greenvale Capital LLP disclosed a new position in Enphase Energy (NASDAQ:ENPH), acquiring 2,350,000 shares in the fourth quarter for an estimated $75.32 million based on quarter-end pricing. What happened According to an SEC filing dated February 17, 2026, Greenvale Capital LLP reported initiating a new holding of 2,350,000 shares in Enphase Energy. The quarter-end position value increased by $75.32 million, reflecting the new purchase. What else to know This is a new position; the stake accounts for 7% of Greenvale’s $1.10 billion in reportable U.S. equity assets as of December 31, 2025. Top holdings after the filing: NASDAQ:RUN: $197.23 million (18.5% of AUM) NYSE:ZETA: $142.91 million (13.4% of AUM) NYSE:SN: $116.57 million (10.9% of AUM) NASDAQ:OKTA: $81.71 million (7.7% of AUM) NASDAQ:ENPH: $75.32 million (7% of AUM) As of February 13, 2026, Enphase Energy shares were priced at $43.49, down 30% over the past year and well underperforming the S&P 500, which is instead up about 20% in the same period. Company overview Metric Value Price (as of market close 2/13/26) $43.49 Market Capitalization $5.83 billion Revenue (TTM) $1.47 billion Net Income (TTM) $172.13 million Company snapshot Enphase Energy offers semiconductor-based microinverters, AC battery storage systems, communications gateways, and cloud-based energy monitoring solutions for the solar photovoltaic industry. The firm generates revenue by selling integrated solar and energy storage solutions to distributors, large installers, OEMs, strategic partners, and directly to homeowners. It serves residential and small commercial customers in the United States and internationally, ta...
Century Therapeutics press release ( IPSC ): FY GAAP EPS of -$0.14. Revenue of $109.2M. Net Loss: Net loss was $9.6 million for the year ended December 31, 2025, compared to net loss of $126.6 million for the same period in 2024. Cash Position: Cash, cash equivalents, and marketable securities were $117.1 million as of December 31, 2025, as compared to $220.1 million as of December 31, 2024. Net c...
Century Therapeutics press release ( IPSC ): FY GAAP EPS of -$0.14. Revenue of $109.2M. Net Loss: Net loss was $9.6 million for the year ended December 31, 2025, compared to net loss of $126.6 million for the same period in 2024. Cash Position: Cash, cash equivalents, and marketable securities were $117.1 million as of December 31, 2025, as compared to $220.1 million as of December 31, 2024. Net cash used in operations was $103.9 million for the year ended December 31, 2025, compared to net cash used in operations of $110.1 million for the year ended December 31, 2024. The company estimates its cash, cash equivalents, and investments as of December 31, 2025, together with the net proceeds raised after year end, will support operations into the first quarter of 2029. More on Century Therapeutics Century Therapeutics: A Very Promising Contender In The Type I Diabetes Mellitus Functional Cure Race Century Therapeutics gains on $135M private placement Seeking Alpha’s Quant Rating on Century Therapeutics Historical earnings data for Century Therapeutics Financial information for Century Therapeutics
Earnings Call Insights: Pharming Group N.V. (PHAR) Q4 2025 Management View CEO Fabrice Chouraqui indicated that Pharming ended 2025 with “total revenues grew by 15% in the fourth quarter of 2025 and by 27% for the full year.” He emphasized the company’s transformation to a “highly profitable, high-growth biotech with 2 commercial products and a late-stage pipeline with 2 programs offering billion ...
Earnings Call Insights: Pharming Group N.V. (PHAR) Q4 2025 Management View CEO Fabrice Chouraqui indicated that Pharming ended 2025 with “total revenues grew by 15% in the fourth quarter of 2025 and by 27% for the full year.” He emphasized the company’s transformation to a “highly profitable, high-growth biotech with 2 commercial products and a late-stage pipeline with 2 programs offering billion sales potential.” RUCONEST and Joenja both experienced notable year-on-year growth, and the company achieved $26 million in operating profit for 2025 compared to a loss in 2024. Chouraqui highlighted, “Operating cash flow came in at $55 million in 2025, putting our cash position at year-end above that of the end of 2024 level before the acquisition of Abliva.” Leverne Marsh, Chief Commercial Officer, stated, “For the full year, RUCONEST delivered 26% global revenue growth and a volume growth in the U.S. of 20%,” highlighting resilience despite new competition. She further explained, “Joenja grew 53% compared to the fourth quarter in 2024, reaching $19.8 million globally.” Chief Financial Officer Kenneth Lynard reported, “The fourth quarter was a strong finish with revenues of $106.5 million being 15% growth versus Q4 of 2024.” He noted that “Joenja annual revenues exceeded $50 million for the first time, triggering our first $5 million sales milestone payment in the quarter.” Lynard also stated, “Operating profit in the fourth quarter of '25 would have been $14 million higher” when excluding certain one-off items. Outlook Pharming reaffirmed its 2026 revenue guidance, projecting “revenue between $405 million and $425 million this year, representing an 8% to 13% growth.” The company expects operating expenses to be “$330 million to $335 million, including more than $60 million of incremental R&D investments.” Management stated, “We expect continued RUCONEST growth... and accelerating Joenja growth.” RUCONEST is expected to see “mid-single-digit” growth at the midpoint, while...
This article first appeared on GuruFocus. Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META) are accelerating their push into artificial intelligence infrastructure, committing nearly $50 billion each in additional data center leases during their most recent quarters. The new agreements add to a rapidly expanding pool of future obligations across the largest cloud providers, with total lease...
This article first appeared on GuruFocus. Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META) are accelerating their push into artificial intelligence infrastructure, committing nearly $50 billion each in additional data center leases during their most recent quarters. The new agreements add to a rapidly expanding pool of future obligations across the largest cloud providers, with total lease commitments now exceeding $700 billion among companies including Oracle (NYSE:ORCL) and Amazon.com (NASDAQ:AMZN). The scale of these deals highlights how aggressively major technology firms are positioning themselves to secure the computing capacity needed for the next phase of AI development. These commitments generally represent future costs tied primarily to data centers, though filings indicate they can also include facilities such as offices or warehouses. Because the leases are tied to future usage, the financial impact typically does not appear on company balance sheets until payments begin. Some agreements also contain clauses that allow companies to exit certain obligations under specific conditions, which could provide flexibility as demand for infrastructure evolves. Microsoft currently carries roughly $155 billion in future lease commitments, while Meta holds about $104 billion, reflecting the growing scale of investment required to support AI services. The renewed spending comes after Microsoft slowed its data center leasing activity through much of 2025, a pause that coincided with rising concerns about available server farm capacity. In the quarter ending in December, Microsoft added nearly 1 gigawatt of data center capacity, roughly equivalent to the power output of a nuclear reactor. Meanwhile, Oracle reported the largest overall future lease obligations at $261 billion, though its most recent commitments were smaller after previously securing large sites connected to a major contract with OpenAI.
Live cattle futures are trading with $1.80 to $1.90 gains at midday. Cash trade has been mostly $372 dressed as well as a few live sales of $235-236. The Thursday morning Fed Cattle Exchange online auction showed sales of $235.50 on 447 of the 1,656 head offered, with other bids of $231-235. Feeder cattle futures are up 30 to 60 cents so far on Thursday. The CME Feeder Cattle Index was down anothe...
Live cattle futures are trading with $1.80 to $1.90 gains at midday. Cash trade has been mostly $372 dressed as well as a few live sales of $235-236. The Thursday morning Fed Cattle Exchange online auction showed sales of $235.50 on 447 of the 1,656 head offered, with other bids of $231-235. Feeder cattle futures are up 30 to 60 cents so far on Thursday. The CME Feeder Cattle Index was down another 97 cents to $364.80 on March 10. Export Sales data showed a total of 25,443 MT of beef sold in the week ending on March 5, which was the largest sales total since February 2023. Shipments were the lowest for the calendar year at 11,427 MT. Don’t Miss a Day: Census data from converted to a carcass basis showed 195.4 million lbs of beef exports in January, the lowest since 2016. Wholesale Boxed Beef prices were higher in the Thursday morning report, with the Chc/Sel spread narrowing to $7.32. Choice boxes were up $1.27 to $395.94, while Select was $1.85 higher to $388.62. USDA estimated federally inspected cattle slaughter for Wednesday at 106,000 head, with the week to date total at 317,000 head. That is down 5,000 from the previous week and 44,844 head shy of the same week last year. Apr 26 Live Cattle are at $231.850, up $1.700, Jun 26 Live Cattle are at $229.950, up $1.875, Aug 26 Live Cattle are at $227.900, up $1.725, Mar 26 Feeder Cattle are at $349.125, up $0.400 Apr 26 Feeder Cattle are at $343.600, up $0.300 May 26 Feeder Cattle are at $340.400, up $0.575 More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Corn futures are trading with 3 to 4 cent gains at midday, as March is up 5 ¾ ahead of Friday’s expiration. The CmdtyView national averageCash Corn price is up 3 1/4 cents to $4.20 ¾. Crude oil is up another $7.90 on Thursday. Export Sales data from this morning showed 1.53 MMT of corn sold in the week ending on March 5, in the middle of traders’ estimates for between 0.8-2.2 MMT in corn sales for...
Corn futures are trading with 3 to 4 cent gains at midday, as March is up 5 ¾ ahead of Friday’s expiration. The CmdtyView national averageCash Corn price is up 3 1/4 cents to $4.20 ¾. Crude oil is up another $7.90 on Thursday. Export Sales data from this morning showed 1.53 MMT of corn sold in the week ending on March 5, in the middle of traders’ estimates for between 0.8-2.2 MMT in corn sales for old crop. That was down from last week, but 58.2% larger than the same week last year. New crop sales were just 500,000 MT. Don’t Miss a Day: Census data showed 6.61 MMT (260.1 mbu) of corn shipped in January, which was a record for the month. Distillers were the highest in 4 years for January at 1.01 MMT. Ethanol shipments were 212.07 million gallons a record. Mar 26 Corn is at $4.50, up 5 3/4 cents, Nearby Cash is at $4.20 3/4, up 3 1/4 cents, May 26 Corn is at $4.63 3/4, up 3 1/2 cents, Jul 26 Corn is at $4.75, up 3 cents, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Lean hog futures are down another 77 cents to $1.50 at midday. USDA’s national base hog price was reported at $92.16 on Thursday morning, down 89 cents from the day prior. The CME Lean Hog Index was another 23 cents higher on March 10 at $91.20. The weekly USDA Export Sales report showed 23,723 MT of pork sold in the week ending on March 5, the lowest this calendar year. Weekly shipments were 38,8...
Lean hog futures are down another 77 cents to $1.50 at midday. USDA’s national base hog price was reported at $92.16 on Thursday morning, down 89 cents from the day prior. The CME Lean Hog Index was another 23 cents higher on March 10 at $91.20. The weekly USDA Export Sales report showed 23,723 MT of pork sold in the week ending on March 5, the lowest this calendar year. Weekly shipments were 38,897 MT, which was up from the week prior. Don’t Miss a Day: Monthly export data converted from Census showed 590 million lbs of pork shipments in January, a 5 year high for the month. USDA’s pork carcass cutout value from the Thursday AM report was up 24 cents at $98.65 per cwt. The butt and ham primals were the only reported lower. USDA estimated Wednesday’s federally inspected hog slaughter at 496,000 head, taking the weekly total to 1.476 million head. That is 23,000 head above last week and 13,613 head above the same week last year. Apr 26 Hogs are at $94.425, down $0.775, May 26 Hogs are at $98.950, down $1.100 Jun 26 Hogs are at $107.775, down $1.475, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Soybeans are continuing the push higher into Thursday, with contracts up 7 to 9 cents. The cmdtyView national average Cash Bean price is 8 1/2 cents higher at $9.43 1/2. Soymeal futures are $4.30 to $4.80 higher. Soy Oil futures were 15 to 20 points higher. Futures rallied into Wednesday’s close and are pushing forward on Thursday following a President Trump post that soybeans will be a major topi...
Soybeans are continuing the push higher into Thursday, with contracts up 7 to 9 cents. The cmdtyView national average Cash Bean price is 8 1/2 cents higher at $9.43 1/2. Soymeal futures are $4.30 to $4.80 higher. Soy Oil futures were 15 to 20 points higher. Futures rallied into Wednesday’s close and are pushing forward on Thursday following a President Trump post that soybeans will be a major topic of discussion in a meeting between he and President Xi of China later this month. Additionally, this morning Secretary Bessent mentioned there would be news on Tuesday, likely implying a potential trade aide for producers. Don’t Miss a Day: The harvest price for crop insurance will be found via the average November soybean close during October. The first close on Wednesday was at $10.13. Export Sales data was delayed from the normal Thursday morning release, as analysts had been looking for 0.3 and 1.6 MMT of soybeans sold in the week ending on 9/25. StoneX raised their estimate for the US soybean crop on Wednesday to 53.9 bpa, a 0.7 bpa increase from last month’s estimates. Production was estimated at 4.326 bbu. Nov 25 Soybeans are at $10.21 1/4, up 8 1/4 cents, Nearby Cash is at $9.43 1/2, up 8 1/2 cents, Jan 26 Soybeans are at $10.39, up 8 cents, Mar 26 Soybeans are at $10.54, up 7 3/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Cotton futures are shrugging off some pressure from the outside markets and a negative USDA report from Tuesday, with midday gains of 2 to 14 points on Wednesday. The outside markets are mixed pressure on the midweek session, as crude oil futures are adding pressure, down $1.67/barrel, with the US dollar index $0.223 lower on the day. The Cotlook A Index was back up 100 points on Tuesday at 78.05 ...
Cotton futures are shrugging off some pressure from the outside markets and a negative USDA report from Tuesday, with midday gains of 2 to 14 points on Wednesday. The outside markets are mixed pressure on the midweek session, as crude oil futures are adding pressure, down $1.67/barrel, with the US dollar index $0.223 lower on the day. The Cotlook A Index was back up 100 points on Tuesday at 78.05 cents/lb. The Seam reported 20,131 bales of online sales on February 11 at an average price of 62.17 cents/lb. ICE cotton stocks were unchanged on February 10, at 218 bales of certified stocks. The USDA Adjusted World Price (AWP) was reported at 53.18cents/lb last Thursday and will updated again on tomorrow afternoon. Mar 25 Cotton is at 67.5, up 10 points, May 25 Cotton is at 68.59, up 14 points, Jul 25 Cotton is at 69.49, up 2 points More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The wheat complex is pushing higher on Thursday. Chicago SRW futures are up 3 to 7 cents on the day. KC HRW futures are trading with 4 to 6 ¼ cent gains at midday. MPLS spring wheat are up 3 to 4 cents in the front months on Thursday. The next 7 days look on the drier side for much of the Southern Plains, with the eastern half of the country and SRW area looking wetter. Don’t Miss a Day: Weekly Ex...
The wheat complex is pushing higher on Thursday. Chicago SRW futures are up 3 to 7 cents on the day. KC HRW futures are trading with 4 to 6 ¼ cent gains at midday. MPLS spring wheat are up 3 to 4 cents in the front months on Thursday. The next 7 days look on the drier side for much of the Southern Plains, with the eastern half of the country and SRW area looking wetter. Don’t Miss a Day: Weekly Export Sales data from this morning showed a total of 455,439 MT of wheat sold in the week ending on March 5, exceeding trade estimates of between 200,000 and 450,000 MT. That was the largest in 4 weeks, and more than double the previous week. New crop sales were 40,350 MT. Monthly wheat exports in January were 1.529 MMT (59.2 mbu), which was a 3-year high for January. Expana trimmed their export forecast for EU soft wheat by 0.5 MMT to 27.1 MMT. Prediction for 2026/27 was up 0.3 MMT to 128.6 MMT. Mar 26 CBOT Wheat is at $5.88 1/2, up 3 3/4 cents, May 26 CBOT Wheat is at $6.01 3/4, up 7 cents, Mar 26 KCBT Wheat is at $6.01 1/2, up 4 3/4 cents, May 26 KCBT Wheat is at $6.19 3/4, up 6 1/4 cents, Mar 26 MIAX Wheat is at $6.25 1/4, up 3 cents, May 26 MIAX Wheat is at $6.41 3/4, up 3 3/4 cents, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Sunday, the maker of a robot for housework, has raised $165 million Series B at a $1.15 billion valuation. CEO Tony Zhao discusses the company’s plans to begin beta testing its robots in homes later this year. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Sunday, the maker of a robot for housework, has raised $165 million Series B at a $1.15 billion valuation. CEO Tony Zhao discusses the company’s plans to begin beta testing its robots in homes later this year. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
The same shipping bottleneck in the Strait of Hormuz that is roiling oil markets is causing "immediate volatility" in liquid fertilizer prices, according to Jefferies analyst Laurence Alexander. He suspects that although fertilizer stocks have rallied this month, two producers may have further upside. Iran has vowed to not let ships pass through the Strait of Hormuz The crucial waterway links the ...
The same shipping bottleneck in the Strait of Hormuz that is roiling oil markets is causing "immediate volatility" in liquid fertilizer prices, according to Jefferies analyst Laurence Alexander. He suspects that although fertilizer stocks have rallied this month, two producers may have further upside. Iran has vowed to not let ships pass through the Strait of Hormuz The crucial waterway links the Persian Gulf and the Gulf of Oman and is an important passageway for not only oil but also fertilizer — which can be made from the byproducts of the oil refining process or extracted from methane natural gas. Since late February, U.S. Gulf NOLA urea-ammonium nitrate's price has jumped 21%, according to Jefferies. The firm expects LSB Industries and Nutrien may benefit from the price spikes. "With the Strait of Hormuz closed and Middle East producers halting production, global fertilizer markets have tightened with prices rising sharply," Alexander wrote in a research note Thursday. "While North American producers, like Nutrien and LSB Industries, are geographically insulated from fighting, the conflict has forced domestic spot prices higher as the spring planting season begins." Nutrien upgraded to buy Jefferies upgraded Nutrien to a buy and raised its price target to $96 from $74, suggesting 21% upside from Wednesday's close. The firm also lifted its price target on LSB Industries, taking it to $15 from $11, or about 11% above Wednesday's close. However, it has maintained a hold rating on the stock. Nutrien shares are up 19% over the past month. LSB Industries' stock has surged 57% during the same period. The Strait of Hormuz handles roughly 27% of global ammonia and 35% of global urea flows, according to Morgan Stanley. Even if the Strait reopens, it could take a while for fertilizer trade to normalize. In early March, QatarEnergy halted production of liquefied natural gas, the main raw material used to produce nitrogen-based fertilizers such as ammonia and urea. "Logisti...
This article first appeared on GuruFocus. Two former executives from Nvidia (NASDAQ:NVDA) are moving into the investment arena, joining a young New York firm that has been quietly building exposure to artificial intelligence startups while working with some of the world's wealthiest families seeking deeper access to the AI boom. Geoffrey Levene, previously Nvidia's director of global AI initiative...
This article first appeared on GuruFocus. Two former executives from Nvidia (NASDAQ:NVDA) are moving into the investment arena, joining a young New York firm that has been quietly building exposure to artificial intelligence startups while working with some of the world's wealthiest families seeking deeper access to the AI boom. Geoffrey Levene, previously Nvidia's director of global AI initiatives, and Max Cohen, who led the company's North American cloud business, have joined Era, a four-year-old investment firm backed by billionaires including Taiwanese businessman Andre Koo Sr. The firm, led by 30-year-old investor Jasper Lau, has accumulated stakes in several high-profile AI ventures, including defense startup Anduril Industries and Thinking Machines Lab, an artificial intelligence company run by former OpenAI chief technology officer Mira Murati. Era primarily focuses on venture investments while also offering financial services to its clients and portfolio companies. Era is currently raising $250 million and has already secured $140 million in what was described as an oversubscribed funding round, according to a person familiar with the effort. Instead of seeking capital from traditional venture sources such as pension funds, the firm has been turning to wealthy families, some connected to companies involved in building global data-center infrastructure. According to a statement, those investors oversee businesses controlling about 70 gigawatts of energy and roughly 70 million acres of land. Era has also developed a close relationship with Nvidia and plans to work with the chipmaker to identify priority AI markets and investment strategies, while Levene is co-founding an AI startup backed by the firm and Cohen is expected to focus on sourcing deals among neocloud providers that rent out cloud infrastructure for AI training and deployment.
Key Takeaways Kohl's is using proprietary brands to offer lower prices and streamlining the number of styles and products it stocks, company executives said. The department store is trying to appeal to bargain hunters who have migrated to off-price retailers and Amazon, UBS says. Kohl’s is in the thick of a battle for bargain hunters. The department store company is sharpening its focus on inexpen...
Key Takeaways Kohl's is using proprietary brands to offer lower prices and streamlining the number of styles and products it stocks, company executives said. The department store is trying to appeal to bargain hunters who have migrated to off-price retailers and Amazon, UBS says. Kohl’s is in the thick of a battle for bargain hunters. The department store company is sharpening its focus on inexpensive goods and making deals easier to spot as its turnaround campaign enters a second year. Kohl’s (KSS) is investing in lower price points and simplifying the in-store experience with signs, mannequins and less merchandise, company executives said on a conference call this week. The retailer is concentrating on proprietary brands because focusing less on them in recent years left a “void of an opening price point,” and prompted Kohl’s credit cardholders to look elsewhere, CFO Jill Timm said. Kohl’s has ceded ground to competitors including Amazon (AMZN), Burlington Stores (BURL), Ross Stores (ROST) and TJX (TJX), likely losing a third its market share from 2013 to 2024, by UBS' estimate. “We know that our customer, particularly the low- to middle-income customer, is going to over-penetrate in these value brands," said Timm, according to a transcript made available by AlphaSense. "So we need to bring that to them.” Why This News Matters to Investors While lower-income shoppers are cutting back, department stores that cater to higher-income households have also experienced challenges. Macy's is in the midst of a turnaround plan, and the parent company of Saks Fifth Avenue recently filed for bankruptcy. Products that sell for under $10 are a focal point. Kohl’s is adding kids apparel that costs less than $10 and stocking toy and home goods displays with items in that price range, CEO Michael Bender said. Kohl’s is also streamlining inventory after having “a little bit too many choices on our floor,” Timm said. Ordering more of fewer items should prevent stores from running ou...
MBX Biosciences press release ( MBX ): Q4 GAAP EPS of -$0.49. As of December 31, 2025, MBX Biosciences had cash, cash equivalents and marketable securities of $373.7 million. Subsequently, on February 4, 2026, the Company raised an additional $85.4 million in net proceeds through its ATM program, resulting in pro forma cash and investments of $459.1 million as of December 31, 2025. Net Loss : Net ...
MBX Biosciences press release ( MBX ): Q4 GAAP EPS of -$0.49. As of December 31, 2025, MBX Biosciences had cash, cash equivalents and marketable securities of $373.7 million. Subsequently, on February 4, 2026, the Company raised an additional $85.4 million in net proceeds through its ATM program, resulting in pro forma cash and investments of $459.1 million as of December 31, 2025. Net Loss : Net loss for the three months ended December 31, 2025, was $22.1 million compared to a net loss of $15.6 million for the same period in 2024. Net loss for the full year ended December 31, 2025 was $87.0 million compared to a net loss of $61.9 million for the same period in 2024. More on MBX Biosciences MBX Biosciences, Inc. (MBX) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Seeking Alpha’s Quant Rating on MBX Biosciences Historical earnings data for MBX Biosciences Financial information for MBX Biosciences