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Dianthus Therapeutics (DNTH) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 7, 2025

Dianthus Therapeutics (DNTH) reported revenue of $193K for the second quarter 2025 (Q2 2025), -90% from a year earlier and -83% from the quarter before.

Revenue$193K
Year over year-90%
Quarter over quarter-83%
Operating margin—
Net earnings−$31.6M

Dianthus Therapeutics, Q2 2025: revenue $193K (-90% year over year), net loss $31.6M, operating cash flow −$23.9M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$193K-83%-90%
Operating profit−$34.9M——
Net earnings−$31.6M——
Operating cash flow−$23.9M——

What changed

Revenue was $193K in Q2 2025, down 90% year over year and down 83% from the previous quarter.

Operating costs exceeded revenue by $34.9M, an operating margin of -18096.9%. Total costs grew 46% against a revenue fall of 90%. The fastest-growing cost line was General & admin (+48%). The quarter ended with a net loss of $31.6M, wider than the previous quarter's $29.5M loss.

Operating cash flow was −$23.9M. Non-cash charges added back $30K of depreciation and $5.7M of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $46K exceeded it, leaving free cash flow of −$23.9M.

Questions

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

Dianthus Therapeutics (DNTH) reported revenue of $193K for the second quarter 2025 (Q2 2025), -90% from a year earlier and -83% from the quarter before.

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Source: Dianthus Therapeutics 10-Q on SEC EDGAR.