Edesa Biotech Reports Fiscal 3rd Quarter 2026 Results

Edesa Biotech (Nasdaq: EDSA) reported fiscal third quarter 2026 results and business updates for the periods ended June 30, 2026.

Rhea-AI Summary

Edesa Biotech (Nasdaq: EDSA) reported fiscal third quarter 2026 results and business updates for the periods ended June 30, 2026. The company completed preparations for its Phase 2 EB06 vitiligo trial during the quarter and, after quarter-end, began activating initial investigational sites, with patient recruitment expected to start in the coming weeks in Canada, subject to regulatory and administrative approvals.

In its respiratory program, additional exploratory analyses in ARDS patients with concurrent acute kidney injury showed paridiprubart plus standard of care was associated with significant mortality reductions and improvements in the kidney-specific MAKE30 endpoint. Operating expenses rose to $5.5 million in Q3 and $12.2 million year-to-date, driving net losses of $5.4 million (Q3) and $11.9 million (nine months). Edesa reported $10.3 million in cash and cash equivalents and working capital of $6.9 million at June 30, 2026.

Positive

• EB06 Phase 2 vitiligo trial preparations completed; site activation underway
• Paridiprubart ARDS+AKI analyses showed mortality reductions and improved MAKE30 endpoint
• Q3 cash and cash equivalents of $10.3 million
• Nine-month net cash provided by financing of $6.8 million

Negative

• Q3 operating expenses increased to $5.5 million from $1.9 million
• Q3 net loss widened to $5.4 million from $1.7 million
• Nine-month net loss rose to $11.9 million from $5.0 million
• Government reimbursement funding decreased, reducing other income by $0.2 million year-to-date
• Current liabilities increased to $3.9 million and shareholders’ equity declined

News Explained

At June 30, 2026, Edesa Biotech had $10,332,520 in cash, while nine-month operating cash use was $7,186,629 and financing provided $6,793,376, showing that the reported cash position included financing inflows alongside ongoing operating outflows.

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Key Figures

Operating expenses: $3.6 million increase to $5.5 million R&D expenses: $3.1 million increase to $4.0 million G&A expenses: $0.6 million increase to $1.6 million +5 more

Operating expenses

$3.6 million increase to $5.5 million

Three months ended June 30, 2026 vs. $1.9 million prior year

R&D expenses

$3.1 million increase to $4.0 million

Three months ended June 30, 2026 vs. $0.9 million prior year

G&A expenses

$0.6 million increase to $1.6 million

Three months ended June 30, 2026 vs. $1.0 million prior year

Other income

Decrease of approximately $42,000 to $112,000

Three months ended June 30, 2026 vs. $154,000 prior year

Net loss

$5.4 million, or $0.60 per share

Quarter ended June 30, 2026 vs. $1.7 million, or $0.25 per share

Nine-month operating expenses

$6.8 million increase to $12.2 million

Nine months ended June 30, 2026 vs. $5.4 million prior year

Nine-month net loss

$11.9 million, or $1.40 per share

Nine months ended June 30, 2026 vs. $5.0 million, or $0.95 per share

Cash and working capital

$10.3 million cash and $6.9 million working capital

At June 30, 2026

Historical Context

5 past events · Latest: Jun 11

5 events

1. Jun 11

   Private placement

   24h Move

   +8.4%

   Private placement financing drew a positive response despite dilution-related transaction characteristics.

2. Jun 05

   Clinical data

   24h Move

   -23.0%

   Exploratory AKI data reported lower mortality and MAKE30 incidence with paridiprubart.

3. May 19

   Clinical presentation

   24h Move

   +32.8%

   Company announced an oral presentation of exploratory paridiprubart AKI data.

4. May 14

   Q2 earnings

   24h Move

   -10.7%

   Quarterly results showed higher operating expenses, wider losses, and reduced working capital.

5. Mar 31

   Clinical presentation

   24h Move

   +6.1%

   Company scheduled presentations of Phase 3 paridiprubart ARDS data at ATS events.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

monoclonal antibody, ards, aki, make30 composite endpoint

4 terms

monoclonal antibody medical

"EB06 (an anti-CXCL10 monoclonal antibody) in patients"

A monoclonal antibody is a laboratory-made protein designed to recognize and attach to a specific target in the body, such as a disease-causing substance or cell. It functions like a highly precise lock-and-key tool, helping to treat or detect illnesses. For investors, companies developing monoclonal antibodies can represent promising opportunities in the healthcare sector, especially as these treatments often address unmet medical needs.

ards medical

"paridiprubart’s effect in ARDS patients with concurrent acute kidney injury"

Acute respiratory distress syndrome (ARDS) is a sudden, severe failure of the lungs where fluid and inflammation prevent oxygen from getting into the bloodstream, like heavy wet balloons that won’t inflate properly. It matters to investors because ARDS represents a serious unmet medical need that drives demand for new therapies, influences clinical trial size and risk, affects regulatory scrutiny and reimbursement, and can significantly impact the valuation of companies developing treatments or diagnostics.

aki medical

"patients with concurrent acute kidney injury (AKI)"

Acute kidney injury (AKI) is a sudden decline in kidney function that prevents the body from clearing waste and balancing fluids and salts, like a plumbing system that abruptly clogs and overflows. For investors, AKI matters because it can drive demand for treatments, affect the safety and outcomes of clinical trials, trigger regulatory scrutiny or product liability risks, and influence revenue and cost forecasts for healthcare companies.

make30 composite endpoint medical

"improvements in the kidney-specific MAKE30 composite endpoint"

A MAKE30 composite endpoint is a commonly used clinical trial measure that combines several serious kidney-related outcomes observed within 30 days, typically death, the need for new dialysis (renal replacement therapy), and persistent decline in kidney function. It matters to investors because it summarizes short-term safety and effectiveness in a single metric that regulators, clinicians, and payers use to judge a therapy’s impact—similar to a car’s safety rating that bundles multiple crash outcomes into one score.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TORONTO, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Edesa Biotech, Inc. (Nasdaq:EDSA), a clinical-stage biopharmaceutical company focused on developing host-directed therapeutics for immuno-inflammatory diseases, today reported financial results for the three and nine months ended June 30, 2026 and provided an update on its business.

During the third quarter, Edesa completed preparations for its Phase 2 clinical study of EB06 (an anti-CXCL10 monoclonal antibody) in patients with moderate-to-severe nonsegmental vitiligo. Subsequent to quarter-end, the company began activating its first investigational sites and expects recruitment to begin in the coming weeks in Canada, with additional jurisdictions to follow, subject to regulatory approval and administrative filings. In its respiratory program, the company conducted additional exploratory analyses to evaluate paridiprubart’s effect in ARDS patients with concurrent acute kidney injury (AKI). In this population, paridiprubart plus standard of care treatment was associated with significant mortality reductions supported by concordant improvements in the kidney-specific MAKE30 composite endpoint. Edesa continues to evaluate potential regulatory pathways in major markets while advancing strategic discussions for the program.

"Our third quarter marked an important operational inflection point for Edesa, with the completion of preparations for our Phase 2 vitiligo study keeping us on track for initial enrollment in the coming weeks," said Par Nijhawan, MD, Chief Executive Officer of Edesa. "In addition, the positive exploratory data in patients with acute kidney injury further reinforce the versatility of paridiprubart and support our engagement with potential partners as we advance late-stage development and evaluate future commercialization pathways."

Edesa’s Chief Financial Officer Peter Weiler said third quarter results tracked to the company’s operating plan, with spending beginning to shift from preparatory activities toward clinical trial execution. “We are prioritizing execution of the EB06 Phase 2 study while continuing to support regulatory, manufacturing and business development activities for paridiprubart,” he said.

Financial Results for the Three Months Ended June 30, 2026

Total operating expenses increased by $3.6 million to $5.5 million for the three months ended June 30, 2026 compared to $1.9 million for the same period last year:

• Research and development expenses increased by $3.1 million to $4.0 million for the three months ended June 30, 2026 compared to $0.9 million for the same period last year primarily due to increased expenses for manufacturing-related activities and other preparations for the planned Phase 2 clinical study of EB06 in vitiligo patients, as well as increased unallocated research costs, which were partially offset by decreased expenditures for the company’s paridiprubart program.

• General and administrative expenses increased by $0.6 million to $1.6 million for the three months ended June 30, 2026 compared to $1.0 million for the same period last year primarily due to increases in noncash share-based compensation and professional fees.
  
  

Total other income decreased by approximately $42,000 to $112,000 for the three months ended June 30, 2026 compared to $154,000 for the same period last year, primarily due to a decrease in reimbursement funding from the Canadian government's Strategic Response Fund, which was partially offset by a favorable impact from foreign currency exchange.

For the quarter ended June 30, 2026, Edesa reported a net loss of $5.4 million, or $0.60 per common share, compared to a net loss of $1.7 million, or $0.25 per common share, for the quarter ended June 30, 2025.

Financial Results for the Nine Months Ended June 30, 2026

Total operating expenses increased by $6.8 million to $12.2 million for the nine months ended June 30, 2026 compared to $5.4 million for the same period last year:

• Research and development expenses increased by $5.4 million to $7.8 million for the nine months ended June 30, 2026 compared to $2.4 million for the same period last year primarily due to increased expenses for manufacturing-related activities and other preparations for the planned Phase 2 clinical study of EB06 in vitiligo patients, as well as increased unallocated research costs, which were partially offset by decreased expenditures for the company’s paridiprubart program.

• General and administrative expenses increased by $1.3 million to $4.3 million for the nine months ended June 30, 2026 compared to $3.0 million for the same period last year primarily due to increases in noncash share-based compensation and professional fees.
  
  

Total other income decreased by $200,000 to $285,000 for the nine months ended June 30, 2026 compared to $485,000 for the same period last year, primarily due to a decrease in reimbursement funding from the Canadian government's Strategic Response Fund, which was partially offset by a favorable impact from foreign currency exchange.

For the nine months ended June 30, 2026, Edesa reported a net loss of $11.9 million, or $1.40 per common share, compared to a net loss of $5.0 million, or $0.95 per common share, for the nine months ended June 30, 2025.

Working Capital

At June 30, 2026, Edesa had cash and cash equivalents of $10.3 million and working capital of $6.9 million.

Calendar

Edesa management is scheduled to participate in the H.C. Wainwright 28th Annual Global Investment Conference to be held September 12-13, 2026 in New York, NY. Attendees interested in meeting with company representatives can request meetings through the conference organizers or by contacting Edesa directly at investors@edesabiotech.com.

About Edesa Biotech, Inc.

Edesa Biotech, Inc. (Nasdaq: EDSA) is a clinical-stage biopharmaceutical company developing innovative ways to treat inflammatory and immune-related diseases. Its clinical pipeline is focused on two therapeutic areas: Medical Dermatology and Respiratory. In Medical Dermatology, Edesa is developing EB06, an anti-CXCL10 monoclonal antibody candidate, as a therapy for vitiligo, a common autoimmune disorder that causes skin to lose its color in patches. Its medical dermatology assets also include EB01 (1.0% daniluromer cream), a Phase 3-ready asset developed for use as a potential therapy for moderate-to-severe chronic Allergic Contact Dermatitis (ACD), a common occupational skin condition. The company’s most advanced Respiratory drug candidate is paridiprubart, which is being developed as a potential treatment for Acute Respiratory Distress Syndrome (ARDS), a life-threatening form of respiratory failure. The paridiprubart program has been the recipient of two funding awards from the Government of Canada to support the further development of this asset, and is currently being evaluated in a U.S. government-funded platform study. Edesa is also pursuing additional uses for paridiprubart. Sign up for news alerts. Connect with us on X and LinkedIn.

Edesa Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "may," "will," "would," "could," "should," "might," "potential," or "continue" and variations or similar expressions, including statements related to: the company's plans and expectations regarding the conduct of its Phase 2 clinical study of EB06 in vitiligo patients; the company's expectation that patient recruitment and enrollment will commence in the coming weeks in Canada, with additional jurisdictions to follow, subject to regulatory approvals and any required administrative filings; the company's belief that findings from its exploratory analyses in ARDS patients with acute kidney injury at baseline further support the therapeutic potential of paridiprubart; the company's plans to evaluate potential regulatory pathways for paridiprubart in major markets; the company's plans to engage in strategic and business development discussions regarding paridiprubart, including with potential partners, and the potential outcomes of such discussions; the company's plans to advance paridiprubart through late-stage development and evaluate future commercialization opportunities; the company's belief that the third quarter represented an important operational milestone for the company; the company's expectations regarding the shift in spending from preparatory activities toward clinical trial execution and the composition of its operating expenses; the company's plans regarding capital allocation, including prioritizing execution of the Phase 2 EB06 study while continuing to support regulatory and business development activities for paridiprubart; and the company's timing and plans regarding its clinical programs in general. Readers should not unduly rely on these forward-looking statements, which are not a guarantee of future performance. There can be no assurance that forward-looking statements will prove to be accurate, as all such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results or future events to differ materially from the forward-looking statements. Such risks include: the ability of Edesa to obtain regulatory approval for or successfully commercialize any of its product candidates, the risk that access to sufficient capital to fund Edesa's operations may not be available or may be available on terms that are not commercially favorable to Edesa, the risk that Edesa's product candidates may not be effective against the diseases tested in its clinical trials, the risk that Edesa fails to comply with the terms of license agreements with third parties and as a result loses the right to use key intellectual property in its business, Edesa's ability to protect its intellectual property, the timing and success of submission, acceptance and approval of regulatory filings, and the impacts of public health crises. Many of these factors that will determine actual results are beyond the company's ability to control or predict. For a discussion of further risks and uncertainties related to Edesa's business, please refer to Edesa's public company reports filed with the U.S. Securities and Exchange Commission and the British Columbia Securities Commission. All forward-looking statements are made as of the date hereof and are subject to change. Except as required by law, Edesa assumes no obligation to update such statements.

Contact:
Gary Koppenjan
Edesa Biotech, Inc.
investors@edesabiotech.com

Condensed Interim Consolidated Statements of Operations and Comprehensive Loss
(Unaudited)
		Three Months Ended								Nine Months Ended
		June 30, 2026				June 30, 2025				June 30, 2026				June 30, 2025
Expenses:
Research and development			3,957,875				939,067			$	7,849,690			$	2,443,191
General and administrative			1,561,674				964,676				4,308,236				2,998,127
Loss from operations			(5,519,549	)			(1,903,743	)			(12,157,926	)			(5,441,318	)
Other Income (Loss):
Reimbursement grant income			107,368				183,281				276,021				536,744
Other income (loss)			111,938				154,279				285,114				484,953
Loss before income taxes			(5,407,611	)			(1,749,464	)			(11,872,812	)			(4,956,365	)
Income tax expense			-				-				800				800
Net loss			(5,407,611	)			(1,749,464	)			(11,873,612	)			(4,957,165	)
Exchange differences on translation			27,548				164,611				7,230				119,536
Net comprehensive loss		$	(5,380,063	)		$	(1,584,853	)		$	(11,866,382	)		$	(4,837,629	)
Weighted average number of common shares			9,007,474				7,022,678				8,504,968				5,217,343
Loss per common share - basic and diluted		$	(0.60	)		$	(0.25	)		$	(1.40	)		$	(0.95	)

Condensed Interim Consolidated Balance Sheets
(Unaudited)
		June 30, 2026				September 30, 2025
Assets:
Cash and cash equivalents		$	10,332,520			$	10,792,172
Other current assets			447,758				720,704
Non-current assets			1,940,917				2,017,642
Total Assets		$	12,721,195			$	13,530,518
Liabilities and shareholders' equity:
Current liabilities		$	3,910,041			$	1,078,536
Shareholders' equity			8,811,154				12,451,982
Total liabilities and shareholders' equity		$	12,721,195			$	13,530,518

Condensed Interim Consolidated Statements of Cash Flows
(Unaudited)
		Nine Months Ended
		June 30, 2026				June 30, 2025
Cash flows from operating activities:
Net loss		$	(11,873,612	)		$	(4,957,165	)
Adjustments for non-cash items			1,509,154				418,622
Change in working capital items			3,177,829				(1,062,725	)
Net cash used in operating activities			(7,186,629	)			(5,601,268	)
Net cash provided by financing activities			6,793,376				16,844,415
Effect of exchange rate changes on cash and cash equivalents			(66,399	)			81,223
Net change in cash and cash equivalents			(459,652	)			11,324,370
Cash and cash equivalents, beginning of period			10,792,172				1,037,320
Cash and cash equivalents, end of period		$	10,332,520			$	12,361,690

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Edesa Biotech (EDSA) fiscal Q3 2026 net loss and EPS?

Edesa Biotech reported a fiscal Q3 2026 net loss of $5.4 million, or $0.60 per common share. According to Edesa, this compares with a net loss of $1.7 million, or $0.25 per share, for the quarter ended June 30, 2025.

How did Edesa Biotech (EDSA) expenses change in Q3 2026 versus last year?

Total operating expenses rose to $5.5 million in Q3 2026 from $1.9 million a year earlier. According to Edesa, the increase was mainly driven by higher R&D spending for EB06 Phase 2 preparations and higher noncash share-based compensation and professional fees.

What progress did Edesa Biotech report on the EB06 vitiligo trial in Q3 2026?

Edesa completed preparations for its Phase 2 EB06 trial in moderate-to-severe nonsegmental vitiligo during Q3 2026. According to Edesa, initial investigational sites were activated after quarter-end, and patient recruitment is expected to begin in the coming weeks in Canada, subject to regulatory approvals.

What new clinical data did Edesa Biotech release on paridiprubart for ARDS in 2026?

Exploratory analyses in ARDS patients with concurrent acute kidney injury showed paridiprubart plus standard of care was associated with significant mortality reductions. According to Edesa, these findings were supported by concordant improvements in the kidney-specific MAKE30 composite endpoint, informing ongoing regulatory and partnership discussions.

What was Edesa Biotech (EDSA) cash position and working capital at June 30, 2026?

At June 30, 2026, Edesa reported $10.3 million in cash and cash equivalents and working capital of $6.9 million. According to Edesa, net cash used in operating activities for the nine months was $7.2 million, partly offset by $6.8 million of financing inflows.

How did Edesa Biotech’s nine-month 2026 results compare to 2025?

For the nine months ended June 30, 2026, Edesa reported a net loss of $11.9 million versus $5.0 million in 2025. According to Edesa, operating expenses increased to $12.2 million from $5.4 million, mainly due to higher EB06-related R&D and general and administrative costs.

Is Edesa Biotech (EDSA) participating in any investor conferences in 2026?

Edesa management is scheduled to participate in the H.C. Wainwright 28th Annual Global Investment Conference on September 12–13, 2026, in New York. According to Edesa, investors can request meetings through conference organizers or contact the company directly at its investor relations email address.