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Spyre Therapeutics, Inc.

Spyre Therapeutics, Inc.

NASDAQ•SYRE
CEO: Dr. Cameron Turtle DPHIL, Ph.D.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2016-04-07
Spyre Therapeutics, Inc., a preclinical stage biotechnology company, focuses on developing therapeutics for patients living with inflammatory bowel disease (IBD). It develops SPY001, a human monoclonal immunoglobulin G1 antibody designed to bind selectively to the a4ß7 integrin being developed for the treatment of IBD (ulcerative colitis and Crohn's disease). The company is also developing SPY002, a human monoclonal antibody (mAb)candidates designed to bind to tumor necrosis factor-like ligand 1A; and SPY120, a combination of SPY001 (anti-a4ß7) and SPY002 (anti-TL1A) antibodies, which are in preclinical studies. In addition, its other early-stage programs include SPY003, an anti-IL-23 mAb; SPY004, a novel mechanism of action (MOA) mAb; SPY130, a combination of anti-a4ß7 and anti-IL-23 mAbs; and SPY230, a combination of anti-TL1A and anti-IL-23 mAbs. The company was formerly known as Aeglea BioTherapeutics, Inc. and changed its name to Spyre Therapeutics, Inc. in November 2023. Spyre Therapeutics, Inc. was incorporated in 2013 and is based in Waltham, Massachusetts.
Contact Information
221 Crescent Street, Building 23 Suite 105, Waltham, MA, 02453, United States
617-651-5940
www.spyre.com
Market Cap
$1.98B
P/E (TTM)
-16.5
40.6
Dividend Yield
--
52W High
$35.31
52W Low
$10.91
52W Range
90%
Rank62Top 82.4%
2.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$0.00+0.00%
4-Quarter Trend

EPS

-$0.15-88.97%
4-Quarter Trend

FCF

-$37.12M+26.16%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Loss Significantly Reduced Three-month net loss narrowed to $(11.2)M from $(69.0)M, aided by $10.0M gain on in-process asset sale.
Increased R&D Investment Nine-month R&D expenses totaled $127.0M, reflecting a 13% increase driven by clinical development activities and headcount.
Pipeline Trials Initiated Launched SKYLINE Phase 2 platform trial for UC in May 2025 and SKYWAY Phase 2 basket trial for RD in September 2025.
Recent Capital Raise Secured Company secured $296.5M in net proceeds from October 2025 underwritten offering to fund ongoing operations and pipeline.

Risk Factors

Future Capital Requirements Critical Substantial additional financing is required to fund R&D; failure to secure capital risks continuation as a going concern.
Clinical Development Uncertainty Early-stage programs face inherent risks of delays or failure in clinical trials, materially affecting commercial viability and timelines.
CVR Liability Valuation Subjective CVR liability fair value changes significantly impact net income due to reliance on unobservable inputs like success probabilities.
Regulatory Approval Unpredictable Obtaining regulatory approvals is lengthy and unpredictable; data interpretation disagreements could delay or halt development efforts.

Outlook

SKYLINE Phase 2 Data 2026 Expect induction data from SKYLINE Phase 2 Part A monotherapies for UC indication during 2026, subject to regulatory feedback.
SKYWAY POC Data Expected 2026 Topline proof-of-concept data for SPY072 across RA, PsA, and axSpA indications in the SKYWAY basket trial expected in 2026.
Continued R&D Spending Expect operating losses to increase as product candidates advance through larger, more expensive clinical trials and development.
Cash Runway Assessment Current cash funds operations for at least one year from filing date, pending success in securing future financing rounds.

Peer Comparison

Revenue (TTM)

Syndax Pharmaceuticals, Inc.SNDX
$111.55M
+574.6%
Wave Life Sciences Ltd.WVE
$109.23M
+103.7%
Immatics N.V.IMTX
$93.54M
-26.7%

Gross Margin (Latest Quarter)

Immatics N.V.IMTX
100.0%
+0.0pp
Immunome, Inc.IMNM
100.0%
+0.0pp
Syndax Pharmaceuticals, Inc.SNDX
95.4%
-4.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
NUVB$3.06B-14.1-55.0%1.7%
WVE$2.79B-23.4-72.9%76.4%
SYRE$1.98B-16.5-31.2%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
N/M
Revenue Volatile
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 26, 2026
|
EPS:-$0.66
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $0.00+0.0%
    |
    EPS: $-0.15-89.0%
    N/A
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $0.00+0.0%
    |
    EPS: $-0.60-30.2%
    N/A
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $0.00+0.0%
    |
    EPS: $-0.13-89.2%
    N/A
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $0.00-100.0%
    |
    EPS: $-3.18+93.1%
    N/A
  • Form 10-K/A - FY 2023

    Period End: Dec 31, 2023|Filed: Nov 18, 2024|
    Revenue: $886.00K-62.0%
    |
    EPS: $-46.15-85.6%
    Miss
  • Form 10-Q/A - Q1 2024

    Period End: Mar 31, 2024|Filed: Nov 18, 2024|
    Revenue: $0.00-100.0%
    |
    EPS: $-1.20-75.5%
    N/A
  • Form 10-Q/A - Q2 2024

    Period End: Jun 30, 2024|Filed: Nov 18, 2024|
    Revenue: $0.00-100.0%
    |
    EPS: $-0.86-98.5%
    N/A
  • Form 10-Q/A - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 18, 2024|
    Revenue: $0.00+0.0%
    |
    EPS: $-1.36-85.4%
    N/A