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Lyell Immunopharma (LYEL) Q3 2026 earnings results (third quarter 2026)

10-Q filed Nov 4, 2026

Lyell Immunopharma (LYEL) reported revenue of $3K for the third quarter 2026 (Q3 2026), -80% from a year earlier and -25% from the quarter before.

Revenue$3K
Year over year-80%
Quarter over quarter-25%
Operating margin—
Net earnings−$45.5M

Lyell Immunopharma, Q3 2026: revenue $3K (-80% year over year), net loss $45.5M, operating cash flow −$34.6M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$3K-25%-80%
Operating profit−$48.3M——
Net earnings−$45.5M——
Operating cash flow−$34.6M——

What changed

Revenue was $3K in Q3 2026, down 80% year over year and down 25% from the previous quarter.

Operating costs exceeded revenue by $48.3M, an operating margin of -1609833.3%. Total costs grew 30% against a revenue fall of 80%. The quarter ended with a net loss of $45.5M, wider than the previous quarter's $44.8M loss.

Operating cash flow was −$34.6M. Non-cash charges added back $2.1M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $4.4M. Capital expenditures of $66K exceeded it, leaving free cash flow of −$34.6M.

Questions

What was Lyell Immunopharma's revenue in the third quarter 2026?

Lyell Immunopharma (LYEL) reported revenue of $3K for the third quarter 2026 (Q3 2026), -80% from a year earlier and -25% from the quarter before.

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Source: Lyell Immunopharma 10-Q on SEC EDGAR.