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Agios Reports Fourth Quarter and Full Year 2025 Financial Results and Provides Business Update

Key Takeaway: Agios Pharmaceuticals reported its financial results for Q4 and full year 2025, highlighting the U.S. approval of AQVESME for treating thalassemia. The company aims to drive a successful launch of AQVESME while expanding its pipeline into other rare diseases. Despite a net loss of $108 million in Q4, Agios remains focused on its strategic goals.
Price reaction · baseline $27.71 (2026-02-11 close) · hit pre-market · clean, no other AGIO news in the window
day 0 close · peak
+1.3%

Market Sentiment Analysis

POSITIVE FACTORS

  • Historic U.S. approval of AQVESME for thalassemia treatment.
  • Strong initial response from the thalassemia community.
  • Focus on expanding indications and advancing early-stage pipeline.

CONCERNS & RISKS

  • Net loss increased to $108 million in Q4 2025.
  • Uncertainties regarding the success of ongoing clinical trials.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+80%
120-day peak, hindsight
Typical move
5%
average across 13 past catalysts
Cash runway
~50 mo
Minimal dilution risk
Lead asset
Mitapivat
Phase 3 · Transfusion-dependent Alpha-Thalassemia

Full Press Release Details

CAMBRIDGE, Mass., Feb. 12, 2026 (GLOBE NEWSWIRE) -- Agios Pharmaceuticals, Inc. (Nasdaq: AGIO), a commercial-stage biopharmaceutical company focused on delivering innovative medicines for patients with rare diseases, today announced financial results and updates for the fourth quarter and year ended December 31, 2025.
“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, Chief Executive Officer, Agios. “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. With disciplined capital allocation and strong operational execution, 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.”

Fourth Quarter 2025 and Recent Corporate HighlightsMitapivat Commercial Performance and Update

R&D Highlights

Fourth Quarter 2025 Financial ResultsFor the quarter ended December 31, 2025, net loss was $108.0 million dollars, compared to net loss of $96.5 million dollars for the quarter ended December 31, 2024.
Conference Call InformationAgios will host a conference call and live webcast today at 8:00 a.m. ET to discuss the company’s fourth quarter and full year 2025 financial results and recent business highlights. The live webcast will be accessible on the Investors section of the company's website (www.agios.com) under the “Events & Presentations” tab. A replay of the webcast will be available on the company’s website approximately two hours after the event.
About Agios: Fueled by Connections to Transform Rare Diseases™At Agios, our vision is to redefine the future of rare disease treatment. Fueled by connections, we build trusted partnerships with communities – collaborating to develop and deliver innovative medicines that have the potential to transform lives. With a foundation in hematology, we combine biological expertise with real-world insights to advance a growing pipeline of rare disease medicines that reflect the priorities of the people we serve. Agios is a commercial-stage biopharmaceutical company headquartered in Cambridge, Massachusetts. To learn more, visitwww.agios.comand follow us onLinkedInandX.
Cautionary Note Regarding Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those regarding the potential benefits of PYRUKYND®(mitapivat), AQVESME™ (mitapivat), tebapivat, AG-236 and AG-181; Agios’ plans, strategies and expectations for its preclinical, clinical and commercial advancement of its drug development, including mitapivat, tebapivat, AG-236 and AG-181; Agios’ expectations for the review of marketing applications for mitapivat by regulatory agencies, including the FDA and European Commission; Agios’ strategic vision and goals; and the potential benefits of Agios’ strategic plans and focus. The words “anticipate,” “expect,” “goal,” “hope,” “milestone,” “plan,” “potential,” “possible,” “strategy,” “will,” “vision,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from Agios’ current expectations and beliefs. For example, there can be no guarantee that any product candidate Agios is developing will successfully commence or complete necessary preclinical and clinical development phases, or that development of any of Agios’ product candidates will successfully continue. There can be no guarantee that any positive developments in Agios’ business will result in stock price appreciation. Management's expectations and, therefore, any forward-looking statements in this press release could also be affected by risks and uncertainties relating to a number of other important factors, including, without limitation: risks and uncertainties related to the impact of pandemics or other public health emergencies to Agios’ business, operations, strategy, goals and anticipated milestones, including its ongoing and planned research activities, ability to conduct ongoing and planned clinical trials, clinical supply of current or future drug candidates, commercial supply of current or future approved products, and launching, marketing and selling current or future approved products; Agios’ results of clinical trials and preclinical studies, including subsequent analysis of existing data and new data received from ongoing and future studies; the content and timing of decisions made by the U.S. FDA, the EMA or other regulatory authorities, investigational review boards at clinical trial sites and publication review bodies; Agios’ ability to obtain and maintain requisite regulatory approvals and to enroll patients in its planned clinical trials; unplanned cash requirements and expenditures; competitive factors; Agios' ability to obtain, maintain and enforce patent and other intellectual property protection for any product candidates it is developing; Agios’ ability to establish and maintain key collaborations; uncertainty regarding any royalty payments related to the sale of its oncology business or any milestone or royalty payments related to its in-licensing of AG-236, and the uncertainty of the timing of any such payments; uncertainty of the results and effectiveness of the use of Agios’ cash and cash equivalents; and general economic and market conditions. These and other risks are described in greater detail under the caption "Risk Factors" included in Agios’ public filings with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Agios expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Consolidated Balance Sheet Data
(in thousands)
(Unaudited)
December 31, 2025 December 31, 2024
Cash, cash equivalents, and marketable securities $ 1,164,438 $ 1,532,031
Accounts receivable, net 10,577 4,109
Inventory 32,920 27,616
Total assets 1,297,225 1,663,199
Stockholders' equity 1,193,114 1,540,956
Consolidated Statements of Operations Data
(in thousands, except share and per share data)
(Unaudited)
Years Ended Dec 31,
2025 2024 2023
Revenues:
Product revenue, net $ 54,028 $ 36,498 $ 26,823
Total revenue 54,028 36,498 26,823
Operating expenses:
Cost of sales $ 6,345 $ 4,165 $ 2,881
Research and development 339,535 301,286 295,526
Selling, general and administrative 180,280 156,784 119,903
Total operating expenses 526,160 462,235 418,310
Loss from operations (472,132 ) (425,737 ) (391,487 )
Gain on sale of contingent payments 889,136
Milestone payment from gain on sale of oncology business 200,000
Interest income, net 56,379 48,083 33,344
Other income, net 1,956 6,487 6,055
Net (loss) income before taxes (413,797 ) 717,969 (352,088 )
Income tax (benefit) expense (1,016 ) 44,244
Net (loss) income $ (412,781 ) $ 673,725 $ (352,088 )
Net (loss) income per share - basic $ (7.12 ) $ 11.86 $ (6.33 )
Net (loss) income per share - diluted $ (7.12 ) $ 11.64 $ (6.33 )
Weighted-average number of common shares used in computing net (loss) income per share – basic 57,972,004 56,807,415 55,651,487
Weighted-average number of common shares used in computing net (loss) income per share – diluted 57,972,004 57,889,255 55,651,487

Investor ContactMorgan Sanford, Vice President, Investor RelationsAgios Pharmaceuticalsmorgan.sanford@agios.com

Media ContactEamonn Nolan, Senior Director, Corporate CommunicationsAgios Pharmaceuticalseamonn.nolan@agios.com

Frequently Asked Questions

What was Agios's net loss for Q4 2025?

Agios reported a net loss of $108 million for Q4 2025.

What is AQVESME approved for?

AQVESME is approved to treat anemia in adults with thalassemia.

What are Agios's plans for 2026?

Agios plans to drive AQVESME's launch and expand its pipeline into new indications.

When will Agios hold its conference call?

Agios will host a conference call on February 12, 2026, at 8:00 a.m. ET.

Last updated: Feb 12, 2026