10-Q quarterly report · filed Nov 13, 2025

Tvardi Therapeutics, Inc. (TVRD) Q3 2025 10-Q Quarterly Report

Short answer

Tvardi Therapeutics, Inc. (TVRD) filed its Q3 2025 10-Q quarterly report on Nov 13, 2025 for the quarter ended Sep 30, 2025.

Q3 2025 key financials · XBRL

Net income
−$6M
+55.7% YoY · −992.3% QoQ
EPS (diluted)
−$0.46
−109.1% YoY · −139.0% QoQ

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

Tvardi Therapeutics, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New clinical trial data risk: Phase 2 trial of TTI-101 in IPF failed primary goals as of October 2025, triggering additional analyses and uncertain next steps
  • Most materially updated financial risk: Cash and equivalents $21.4M, short-term investments $15.0M as of Sept 30, 2025, significant doubt about going concern status
  • Regulatory risk: FDA orphan drug and Fast Track designations for TTI-101 provide no assurance of faster approval or market exclusivity
  • Operational risk: Reliance on third-party contractors for clinical trials poses risk of delays or non-compliance affecting development timelines
  • Financial risk: No committed external funding; additional capital needed amid volatile markets; failure to raise funds may require project delays or cutbacks

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

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