Atea Pharmaceuticals, Inc. (AVIR) Q2 2026 Earnings Call Transcript
Atea Pharmaceuticals, Inc. (AVIR) Q2 2026 Earnings Call Transcript

Atea Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, discovers, develops, and commercializes oral antiviral therapeutics for patients with serious viral infections. Its lead ...
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Est. EPS $-0.51 · Revenue $50.45M · 2 analysts
Est. EPS $-0.57 · Revenue $6.58M · 2 analysts
Est. EPS $-1.99 · Revenue $5.74M · 1 analysts
Est. EPS $-0.44 · Revenue $0.00 · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $0 | — | — |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-158.3M | +6.0% | +27.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | — | — | — |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | — | — | — |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | — | — | — |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-132.0M | +2.6% | +20.1% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | — | — | — |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 0.3% | -18.2% | -23.4% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 7.82x | -68.5% | +3.1% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $315.2M | -32.2% | -13.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -1.94 vs -1.73 | -12.5% | -0.41 vs -0.51 | +18.8% |
| Revenue Surprise | $0 vs $7.1M | -100.0% | $0 vs $50.4M | -100.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 18, 2026 | Lucidi Bruno | director | Common Stock | A | 29,600 | — |
| Jun 18, 2026 | Lucidi Bruno | director | Stock Option (Right to Buy) | A | 37,700 | $4.36 |
| Jun 18, 2026 | Lucidi Bruno | director | Restricted Stock Units | A | 26,700 | — |
| Jun 18, 2026 | Lucidi Bruno | director | Restricted Stock Units | D | 29,600 | — |
| Jun 18, 2026 | BERGER FRANKLIN M | director | Common Stock | A | 29,600 | — |
Operator: Good afternoon, everyone, and welcome to the Atea Pharmaceuticals Second Quarter 26 Financial Results and Business Update Conference Call. At this time, all participants are in a listen-only mode. Following the formal remarks, we will open the call for your questions. I would now like to turn the call over to Jonae R. Barnes, senior vice president of investor relations and corporate communications at Atea Pharmaceuticals. Miss Barnes, please proceed. Jonae R. Barnes: Thank you, operator. Good afternoon, everyone, and welcome to Atea Pharmaceuticals second quarter 26 Financial Results and Business Update Conference Call. Earlier today, we issued a press release which outlines the topics we plan to discuss. You can access the press release as well as the slides that we will be reviewing today by going to the Investors section of our website at ir.atayapharma.com. With me from Atea are our chief executive officer and founder, Dr. Jean-Pierre Sommadossi chief development officer, Dr. Janet J. Hammond chief commercial officer, John F. Vavricka chief medical officer, Dr. Arantxa Horga; chief financial officer and executive vice president of legal, Andrea J. Corcoran, who will be available for the Q&A portion of today's call. Before we begin the call and as outlined on Slide 2, I would like to remind you that today's discussion will contain forward looking statements that involve risks and uncertainties. These risks and uncertainties are outlined in today's press release and in the company's recent filings with the Securities and Exchange Commission. Which we encourage you to read. Our actual results may differ materially from what is discussed on today's call. With that, I will now turn the call over to Jean-Pierre. Jean-Pierre Sommadossi: Thank you, Jonae. Good afternoon, everyone, and thank you for joining us. I will begin on Slide 3. The positive top line results from CBEYOND our phase 3 trial evaluating the combination of BAM versus for the treatment of hepatitis C in North America represent a significant milestone for Atea. And for the millions of people living with hepatitis C, who need a shorter simpler path to cure. We were very pleased that CBEYOND met both its primary and secondary endpoints with bemrusasvir demonstrating statistical non inferiority to Epclusa. The current standard of care. Importantly, this was the first successful phase 3 trial in the global head to head HCV program. Achieved in the real world patient population that was polymedicated psychiatrically complex, substance abuse effective, and adverse challenge. These results reinforce the need for best in class profile designed for the broad and complex hepatitis C population clinicians treat today. Arantxa will review in detail the results of the trial. Threefold, our second phase 3 trial. Being conducted outside North America is fully enrolled, with more than 880 patients and we remain on track to report top line results in early Q1 2027. We believe that the c …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Jean-Pierre Sommadossi | Founder, Chairman, Chief Executive Officer & President | USD 1,125,584 | — | 1956 | Active |
Janet J. Hammond | Chief Development Officer | USD 870,794 | — | 1960 | Active |
Andrea J. Corcoran | Chief Financial Officer, Executive Vice President of Legal & Secretary | USD 810,818 | Female | 1962 | Active |
Maria Arantxa Horga | Chief Medical Officer | USD 747,102 | — | 1968 | Active |
John F. Vavricka | Chief Commercial Officer | USD 634,437 | Male | 1963 | Active |
Wayne Foster | Executive Vice President of Finance & Chief Accounting Officer | USD 580,463 | Male | 1969 | Active |
Jonae R. Barnes | Senior Vice President of Investor Relations & Corporate Communications | — | Female | — | Active |
Xiao-Jian Zhou | Executive Vice President of Early Stage Development | — | Male | — | Active |
Adel Moussa | Executive Vice President of Chemistry | — | Male | — | Active |
Keith Pietropaolo | Executive Vice President of Clinical Sciences & Project Management | — | Male | — | Active |
Atea Pharmaceuticals, Inc. (AVIR) Q2 2026 Earnings Call Transcript

Atea Pharmaceuticals NASDAQ: AVIR reported positive top-line results from its Phase III C-BEYOND trial of bemnifosbuvir/ruzasvir for chronic hepatitis C virus, saying the study met its primary and secondary endpoints against the standard-of-care regimen sofosbuvir/velpatasvir, marketed as Epclusa.

Phase 3 C-BEYOND Trial Met Primary and Secondary Endpoints, with a Short 8-week Duration for Patients Without Cirrhosis Supporting a Potential Best-in-Class Profile of BEM/RZR for Treatment of HCV

BOSTON, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) (Atea or Company), a late-stage clinical biopharmaceutical company engaged in the discovery and development of oral antiviral therapeutics for serious viral diseases, today announced that it will host a live conference call and audio webcast on Wednesday, August 12, 2026, at 4:30 p.m. ET to report financial results for the second quarter ended June 30, 2026, and to provide a business update.

Bemnifosbuvir/Ruzasvir (BEM/RZR) Achieved its Primary Endpoint of Statistical Non-inferiority Compared to Sofosbuvir/Velpatasvir (SOF/VEL; Epclusa ® ), a Standard-of-Care, in First-Ever Successful Head-to-Head Trial in a Global Phase 3 Program of Hepatitis C Virus (HCV) Treatments
