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uniQure N.V. (QURE) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 10, 2025

uniQure N.V. (QURE) reported revenue of $3.7M for the third quarter 2025 (Q3 2025), +62% from a year earlier and -30% from the quarter before.

Revenue$3.7M
Year over year+62%
Quarter over quarter-30%
Operating margin—
Net earnings−$80.5M

uniQure N.V., Q3 2025: revenue $3.7M (+62% year over year), net loss $80.5M, operating cash flow −$16.4M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$3.7M-30%+62%
Operating profit−$51.0M——
Net earnings−$80.5M——
Operating cash flow−$16.4M——

What changed

Revenue was $3.7M in Q3 2025, up 62% year over year and down 30% from the previous quarter. License revenues was the largest line at 97% of revenue. License revenues added $1.5M year over year (up 70%), 104% of the total change. Collaboration revenues declined 32%.

Operating costs exceeded revenue by $51.0M, an operating margin of -1379.0%. Total costs grew 29% against revenue growth of 62%. The fastest-growing cost line was SG&A (+68%). The quarter ended with a net loss of $80.5M, wider than the previous quarter's $37.7M loss.

Operating cash flow was −$16.4M. Non-cash charges added back $3.6M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $57.0M. Capital expenditures of −$66K exceeded it, leaving free cash flow of −$16.3M.

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Source: uniQure N.V. 10-Q on SEC EDGAR.