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Clene (CLNN) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 14, 2025

Clene (CLNN) reported revenue of $27K for the second quarter 2025 (Q2 2025), -70% from a year earlier and -67% from the quarter before.

Revenue$27K
Year over year-70%
Quarter over quarter-67%
Operating margin—
Net earnings−$7.4M

Clene, Q2 2025: revenue $27K (-70% year over year), net loss $7.4M, operating cash flow −$4.7M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$27K-67%-70%
Operating profit−$5.9M——
Net earnings−$7.4M——
Operating cash flow−$4.7M——

What changed

Revenue was $27K in Q2 2025, down 70% year over year and down 67% from the previous quarter. Royalty was the largest line at 96% of revenue. Product lost $63K year over year (down 98%), 98% of the total change.

Operating costs exceeded revenue by $5.9M, an operating margin of -21718.5%. Total costs fell 21% while revenue fell 70%. The quarter ended with a net loss of $7.4M, wider than the previous quarter's $751K loss.

Operating cash flow was −$4.7M. Non-cash charges added back $366K of depreciation and $1.4M of share-based compensation. Working capital and other items added $942K.

Questions

What was Clene's revenue in the second quarter 2025?

Clene (CLNN) reported revenue of $27K for the second quarter 2025 (Q2 2025), -70% from a year earlier and -67% from the quarter before.

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Source: Clene 10-Q on SEC EDGAR.