Cibus, Inc. reported its third‑quarter 2025 financial results, posting a net loss of $201.46 million and a revenue of $0.62 million. The company’s loss narrowed from the $201.46 million loss reported in the same quarter of 2024, but the top line fell sharply from $1.67 million to $0.62 million, reflecting a significant decline in partner‑funded activity and ongoing operational challenges.
The company’s earnings per share were $‑0.44, beating the consensus estimate of $‑0.56 by $0.12. The beat was largely driven by disciplined cost management and the absence of a goodwill impairment charge that had weighed on the prior year’s results. The company’s operating expenses were trimmed through targeted R&D spending and SG&A reductions, allowing it to maintain a tighter loss profile despite the revenue shortfall.
Revenue fell 63% from $1.67 million in Q3 2024 to $0.62 million in Q3 2025, missing the consensus estimate of $1.39 million by $0.77 million. The miss was attributed to the timing of partner‑funded activities and the company’s continued investment in its gene‑editing platform, which has not yet generated commercial revenue. The company’s focus on research and development has kept cash burn high, contributing to the revenue decline.
Cibus outlined guidance aimed at reducing its annual net cash usage to $30 million by 2026, a significant improvement from the $45 million burn reported in the prior year. Management also reaffirmed its target to launch rice traits in Latin America by 2027 and to generate initial biofragrance revenue in Q4 2025, signaling confidence in its pipeline and partnership strategy.
The company highlighted progress in its rice, canola, and soybean pipelines, noting that seven customer agreements have been secured for herbicide‑tolerant rice traits. Management emphasized the potential for over $200 million in annual royalties once the traits reach commercial launch, underscoring the long‑term revenue upside of the gene‑editing platform.
CEO Peter Beetham stated, “The gene‑editing revolution in agriculture is happening now, and Cibus is positioned like a coiled spring at the forefront of this transformation.” He added that the company is focused on cost discipline, strategic investments in high‑return verticals, and securing additional capital to extend its cash runway into early Q2 2026.
The market reaction was negative, reflecting investor concerns about the revenue miss and the company’s limited cash runway. The company’s guidance signals a cautious outlook, with management emphasizing the need for additional financing to sustain operations while pursuing commercialization milestones.
Overall, Cibus’s Q3 2025 results demonstrate a narrowing loss profile but a significant revenue shortfall, highlighting the trade‑off between heavy R&D investment and short‑term top‑line growth. The company’s guidance and management commentary suggest a focus on cost control and strategic partnerships, while the cash runway remains a key risk factor for the near term.
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