10-Q quarterly report · filed Nov 4, 2025

Tango Therapeutics, Inc. (TNGX) Q3 2025 10-Q Quarterly Report

Short answer

Tango Therapeutics, Inc. (TNGX) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $54M (up 363.6% year over year) with net income of $16M.

Q3 2025 key financials · XBRL

Revenue
$54M
+363.6% YoY · +1591.6% QoQ
Net income
$16M
+154.5% YoY · +140.9% QoQ
Operating margin
26.2%
EPS (diluted)
$0.14
+151.9% YoY · +140.0% QoQ

Source: XBRL data from the Tango Therapeutics, Inc. (TNGX) Q3 2025 10-Q on SEC EDGAR. USD.

Tango Therapeutics, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • Newly added risk: Ongoing U.S. government shutdown since Sept 30, 2025 impacting FDA, SEC operations and potentially delaying regulatory reviews
  • Most materially updated risk: Executive Orders 14273 and 14297 direct aggressive federal drug pricing policies, potentially affecting pricing, approvals, and market access
  • Regulatory risk: Inflation Reduction Act and One Big Beautiful Bill Act modify Medicare drug price negotiation, restricting orphan drug exemptions and lowering potential prices earlier
  • Operational risk: Geopolitical tensions including Russia-Ukraine conflict disrupt vendor chemistry work on pre-clinical candidates, risking supply chain continuity
  • Financial risk: Tax law changes under OBBB impact R&D capitalization and amortization requirements effective 2025, potentially increasing cash flow burdens and effective tax rate

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

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