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Filing Flows › Bicycle Therapeutics (BCYC) › Q2 2026 › vs Q1 2026

Bicycle Therapeutics (BCYC) Q2 2026 vs Q1 2026 (quarter over quarter)

Bicycle Therapeutics's revenue fell $258K (-29%) from $887K in Q1 2026 to $629K in Q2 2026.

Bicycle Therapeutics, Q2 2026: revenue $629K (-78% year over year), net loss $50.3M, operating cash flow −$49.6M. The chart draws each line against Q1 2026, the increases inside each band.

Bicycle Therapeutics: what changed, Q2 2026 vs Q1 2026Bicycle Therapeutics: what changed, Q2 2026 vs Q1 2026Operating cash sources−$16.9MCash used in operations−$16.3MCosts & expenses−$11.3MOperating costs−$11.2MNet loss−$10.5MNet loss absorbed−$10.5MResearch & development−$7.7MWorking capital & other−$6.4MGeneral & admin−$3.4MShare-based compensation−$526K

Every line

LineQ2 2026Q1 2026Change%
Revenue$629K$887K−$258K-29%
Other income, net$4.3M$4.8M−$513K-11%
Net loss$50.3M$60.8M−$10.5M-17%
Costs & expenses$55.3M$66.5M−$11.3M-17%
Operating costs$55.2M$66.4M−$11.2M-17%
Income tax$90K$172K−$82K-48%
Research & development$41.2M$48.9M−$7.7M-16%
General & admin$14.0M$17.5M−$3.4M-20%
Operating cash sources$57.1M$74.0M−$16.9M-23%
Depreciation & amortization$1.1M$1.1M−$62K-5%
Share-based compensation$6.4M$6.9M−$526K-8%
Cash used in operations$49.6M$65.9M−$16.3M-25%
Net loss absorbed$50.3M$60.8M−$10.5M-17%
Working capital & other$6.7M$13.2M−$6.4M-49%

Questions

How much did Bicycle Therapeutics's revenue grow quarter over quarter in Q2 2026?

Bicycle Therapeutics's revenue fell $258K (-29%) from $887K in Q1 2026 to $629K in Q2 2026.

Q2 2026 results → · Compare in the interactive Sankey →