10-Q quarterly report · filed May 12, 2026

XOMA Royalty Corp (XOMA) Q1 2026 10-Q Quarterly Report

Short answer

XOMA Royalty Corp (XOMA) filed its Q1 2026 10-Q quarterly report on May 12, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $12M (down 22.6% year over year) with net income of $4M.

Q1 2026 key financials · XBRL

Revenue
$12M
−22.6% YoY
Net income
$4M
+88.6% YoY
Operating margin
-3.9%
EPS (diluted)
$0.17
+183.3% YoY

Source: XBRL data from the XOMA Royalty Corp (XOMA) Q1 2026 10-Q on SEC EDGAR. USD.

XOMA Royalty Corp Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue, YoY change, margins, segment performance, and net income not provided
  • Cash position, operating cash flow, and capital deployment not provided
  • Outlook: potential VABYSMO and OJEMDA income, proposed Ligand merger, royalty and milestone uncertainty
  • Headwinds: regulatory, development funding, macroeconomic, inflation, interest rates, tariffs, and geopolitical risks

Risk Factors

  • New merger-completion risk triggered by April 27, 2026 Ligand agreement, requiring stockholder and regulatory approvals
  • Regulatory risk from HSR Act review, including potential divestitures, business restrictions, or imposed transaction costs
  • Financial risk of $40.0 million termination fee if specified merger conditions or alternative-proposal events occur
  • Operational risk from merger restrictions limiting indebtedness, acquisitions, asset sales, contracts, and capital expenditures
  • Liquidity risk if merger fails, potentially requiring capital raising amid uncertain market access and increased insolvency risk

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

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