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Evommune (EVMN) earnings and revenue breakdown

Latest: Q3 2025 · 10-Q filed Dec 11, 2025 · Evommune (EVMN) Q3 2025 earnings results →

Q3 2025 125¢ of every $1 of revenue lost · operating margin -133.3%

Evommune made $10.0M in Q3 2025. Operating margin -133.3%, net loss $12.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Dec 11, 2025.

Revenue$10.0M
Year over year—
Operating margin-133.3%
Net earnings−$12.5M
Operating cash flow−$9.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $10.0M in Q3 2025.

Operating costs exceeded revenue by $13.3M, an operating margin of -133.3%. The quarter ended with a net loss of $12.5M.

Operating cash flow was −$9.6M. Non-cash charges added back $311K of depreciation and amortization and $560K of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $131K exceeded it, leaving free cash flow of −$9.8M.

Quarterly history

QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202510-QDec 11, 2025$10.0M—-133.3%−$12.5M−$9.6M

Charts

Evommune: where the cash came from (+) and went (−), TTM to Q2 2026Evommune: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$274MOther investing−$200MOperating cash flow−$74.2MCash drawn (+) / kept (−)$808KShares issued$732KCapital spending−$501KNet borrowing (+) / repaid (−)−$410K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Evommune: profit against cash, quarter by quarterEvommune: profit against cash, quarter by quarterNet incomeOperating cash flow−$15.9MQ3 2024−$20.7M−$18.5MQ4 2024−$14.6M−$23.9MQ1 2025−$13.6M−$26.2MQ2 2025−$12.5M−$9.6MQ3 2025−$28.3M−$16.7MQ4 2025−$21.7M−$27.5MQ1 2026−$32.2M−$20.3MQ2 2026
Latest (Q2 2026): Net income −$32.2M, Operating cash flow −$20.3M.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Evommune

Evommune, Inc. is a clinical-stage biotechnology company developing innovative therapies that target key drivers of chronic inflammatory diseases. The Company’s mission is to improve patients’ daily lives and prevent the long-term effects of uncontrolled inflammation that are a consequence of the limitations of existing therapies. To achieve this, Evommune is advancing a portfolio of differentiated product candidates that target key drivers of chronic inflammation. For more information, please visit www.evommune.com and follow us on LinkedIn.

In its own words, from its 8-K, filed Aug 6, 2026.

Evommune against its Pharmaceutical Preparations peers

The largest companies of the same SEC industry, each at its latest quarter. Operating margin: -133.3% against the peers' median 20.4%.

CompanyQuarterRevenueY/YOp. margin
EVMN EvommuneQ3 2025$10.0M—-133.3%
JNJ Johnson & JohnsonQ3 2026$25.4B+6%0.1%
LLY ELI LillyQ3 2026$24.4B+39%34.5%
MRK MerckQ3 2026$18.1B+5%30.7%
ABBV AbbVieQ3 2026$17.4B+10%36.0%
PFE PfizerQ3 2026$16.6B-0.4%20.4%
BMY Bristol Myers SquibbQ3 2026$13.1B+7%19.4%
ABT Abbott LaboratoriesQ3 2026$13.0B+14%10.4%
REGN Regeneron PharmaceuticalsQ3 2026$5.1B+36%40.0%

Source: Evommune 10-Q on SEC EDGAR · CIK 2044725 · Pharmaceutical Preparations

13F: who owns EVMN and who is buying

Largest holders of EVMN (13F)Largest holders of EVMN (13F)EQT Fund Management S.a r.l.$70.3MRA Capital Management, L.P.$46.4MSymBiosis Capital Partners, LLC$29.4MPrice T Rowe Associates$25.8MPivotal bioVenture Partners Inves…$25.6MJanus Henderson Group$20.6MRTW Investments, LP$20.0MNan Fung Group Holdings$19.2MPoint72 Asset Management, L.P.$19.1MEventide Asset Management, LLC$16.1M
Funds' net buying of EVMN by quarter (13F)Funds' net buying of EVMN by quarter (13F)$380M2025-12$23.5M2026-03$9.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on EVMN

History

Every quarter: Q3 2025 results

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