10-Q quarterly report · filed May 7, 2026

Aardvark Therapeutics, Inc. (AARD) Q1 2026 10-Q Quarterly Report

Short answer

Aardvark Therapeutics, Inc. (AARD) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $0 with net income of −$22M.

Q1 2026 key financials · XBRL

Revenue
$0
Net income
−$22M
−131.9% YoY
EPS (diluted)
−$0.99
−39.4% YoY

Source: XBRL data from the Aardvark Therapeutics, Inc. (AARD) Q1 2026 10-Q on SEC EDGAR. USD.

Aardvark Therapeutics, Inc. Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • ARD-101 enrollment and dosing paused in February 2026 after reversible cardiac observations in a healthy volunteer study
  • Regulatory risk: FDA collaboration required to determine next steps for HERO and OLE trials, with guidance expected in Q2 2026
  • Liquidity risk: $91.2 million in cash, equivalents and short-term investments projected to fund operations into mid-2027
  • Financing risk: shelf registration permits equity or debt offerings up to $400.0 million
  • Clinical-stage concentration: business success primarily dependent on ARD-101 development, approval and commercialization

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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