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NewAmsterdam Pharma Co N.V. (NAMS) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 5, 2025

NewAmsterdam Pharma Co N.V. (NAMS) reported revenue of $348K for the third quarter 2025 (Q3 2025), -99% from a year earlier and -98% from the quarter before.

Revenue$348K
Year over year-99%
Quarter over quarter-98%
Operating margin—
Net earnings−$72.0M

NewAmsterdam Pharma Co N.V., Q3 2025: revenue $348K (-99% year over year), net loss $72.0M, operating cash flow −$32.8M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$348K-98%-99%
Operating profit−$55.1M——
Net earnings−$72.0M——
Operating cash flow−$32.8M——

What changed

Revenue was $348K in Q3 2025, down 99% year over year and down 98% from the previous quarter.

Operating costs exceeded revenue by $55.1M, an operating margin of -15845.7%. Total costs grew 3% against a revenue fall of 99%. The fastest-growing cost line was SG&A (+33%). The quarter ended with a net loss of $72.0M, wider than the previous quarter's $17.4M loss.

Operating cash flow was −$32.8M. Non-cash charges added back $64K of depreciation and amortization and $15.0M of share-based compensation. Working capital and other items added $24.2M. Capital expenditures of $42K exceeded it, leaving free cash flow of −$32.8M.

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Source: NewAmsterdam Pharma Co N.V. 10-Q on SEC EDGAR.