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Coya Therapeutics (COYA) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 12, 2025

Coya Therapeutics (COYA) reported revenue of $164K for the second quarter 2025 (Q2 2025), -95% from a year earlier and -37% from the quarter before.

Revenue$164K
Year over year-95%
Quarter over quarter-37%
Operating margin—
Net earnings−$6.1M

Coya Therapeutics, Q2 2025: revenue $164K (-95% year over year), net loss $6.1M, operating cash flow −$5.8M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$164K-37%-95%
Operating profit−$6.4M——
Net earnings−$6.1M——
Operating cash flow−$5.8M——

What changed

Revenue was $164K in Q2 2025, down 95% year over year and down 37% from the previous quarter.

Operating costs exceeded revenue by $6.4M, an operating margin of -3920.5%. Total costs fell 1% while revenue fell 95%. The fastest-growing cost line was General & admin (+39%). The quarter ended with a net loss of $6.1M, narrower than the previous quarter's $7.3M loss.

Operating cash flow was −$5.8M. Non-cash charges added back $7K of depreciation and $1.0M of share-based compensation. Working capital and other items used $721K.

Questions

What was Coya Therapeutics' revenue in the second quarter 2025?

Coya Therapeutics (COYA) reported revenue of $164K for the second quarter 2025 (Q2 2025), -95% from a year earlier and -37% from the quarter before.

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Source: Coya Therapeutics 10-Q on SEC EDGAR.