10-Q quarterly report · filed Nov 14, 2025

Eledon Pharmaceuticals, Inc. (ELDN) Q3 2025 10-Q Quarterly Report

Short answer

Eledon Pharmaceuticals, Inc. (ELDN) filed its Q3 2025 10-Q quarterly report on Nov 14, 2025 for the quarter ended Sep 30, 2025.

Q3 2025 key financials · XBRL

Net income
−$17M
−122.7% YoY · −55.7% QoQ
EPS (diluted)
−$0.21
−143.8% YoY · −61.5% QoQ

Source: XBRL data from the Eledon Pharmaceuticals, Inc. (ELDN) Q3 2025 10-Q on SEC EDGAR. USD.

Eledon Pharmaceuticals, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • No profitability, margin, or net-income percentages disclosed in provided MD&A
  • BESTOW eGFR approximately $69 mL/min/1.73 m² vs $66 for tacrolimus at 12 months
  • Tegoprubart rejection rate 20.6% vs tacrolimus 14.1%; efficacy failure 22% vs 17%
  • ALS development requires additional financing; kidney transplantation remains the priority

Risk Factors

  • Strategic reset risk: Anelixis acquisition and discontinuation of islet-cell transplantation and IgAN programs changed future prospects from historical periods
  • Liquidity risk: $93.4 million cash and short-term investments, but insufficient funding for continued ALS tegoprubart development
  • Dilution risk: 2025 offering added 19,698,085 shares and warrants for 15,151,515 shares
  • Regulatory risk: FDA rulemaking pause under a Trump administration Executive Order could delay development and commercialization activities
  • Banking risk: FDIC-insured accounts held less than 3% of cash and short-term investments after Silicon Valley Bank’s 2023 failure

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

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