vTv Therapeutics Reports Third Quarter 2026 Financial Results and Provides Corporate Update

Quarterly research and administrative expenses increased, while nine-month net loss attributable to shareholders narrowed.

Rhea-AI Summary

vTv Therapeutics (Nasdaq: VTVT) reported third-quarter financial results and completed enrollment of 166 participants in its Phase 3 CATT1 trial. The study evaluates cadisegliatin alongside insulin for type 1 diabetes; vTv expects topline results in mid 2027. The first participant was also randomized in the Phase 2a Hybrid CATT1 study for people using hybrid closed-loop insulin delivery systems. HPPD received FDA Orphan Drug Designation for sickle cell disease.

Third-quarter net loss attributable to shareholders widened to $11.620 million from $8.698 million a year earlier, while loss per share narrowed to $0.94 from $1.08. Cash totaled $77.164 million at September 30, versus $88.932 million at December 31, 2025. vTv expects its cash to fund operations well through the anticipated CATT1 readout. Nine-month revenue was $36.839 million, versus none a year earlier.

10 points · 0 major

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0 major · 5 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Phase 3 CATT1 completed enrollment with 166 participants randomized; vTv expects topline results mid 2027.
• Moderate point. Forward-looking: it has not happened yet and may not happen.vTv expects cash to fund operations well through the anticipated CATT1 topline readout.
• Moderate pointNine-month revenue reached $36.839 million, versus none in the comparable 2025 period.
• Moderate pointNine-month operating loss narrowed to $3.093 million from $24.923 million a year earlier.
• Moderate pointNine-month shareholder net loss narrowed to $0.540 million from $19.836 million; loss per share fell to $0.04 from $2.80.

5 minor points

• Minor pointPhase 2a Hybrid CATT1 randomized its first participant to study cadisegliatin with hybrid closed-loop insulin delivery.
• Minor pointHPPD received FDA Orphan Drug Designation for sickle cell disease on October 6, 2026.
• Minor pointInterest income rose to $734,000 in Q3 from $399,000; nine-month income rose to $2.384 million from $1.005 million.
• Minor pointOther income reached $72,000 in Q3 versus $40,000 expense; nine-month income was $169,000 versus $19,000 expense.
• Minor pointTotal liabilities fell to $8.921 million at September 30, 2026, from $25.462 million at December 31, 2025.

Negative

• Moderate pointThird-quarter shareholder net loss widened to $11.620 million from $8.698 million; per-share loss narrowed to $0.94 from $1.08.
• Moderate pointCash declined to $77.164 million at September 30, 2026, from $88.932 million at December 31, 2025.
• Moderate pointR&D expenses rose to $7.531 million in Q3 from $7.020 million; nine-month expenses reached $25.279 million versus $13.953 million.
• Moderate pointThird-quarter operating loss widened to $12.426 million from $10.699 million a year earlier.
• Minor pointAdministrative expenses rose to $4.895 million in Q3 from $3.679 million; nine-month expenses reached $14.653 million versus $10.970 million.

Key Figures

CATT1 participants randomized: 166 participants Trial duration: Six months Expected topline results: Mid 2027 +5 more

CATT1 participants randomized

166 participants

Phase 3 CATT1 trial

Trial duration

Six months

Phase 3 CATT1 treatment period

Expected topline results

Mid 2027

Phase 3 CATT1

Cash and cash equivalents

$77.2 million vs. $88.9 million

September 30, 2026 vs. December 31, 2025

R&D expenses

$7.5 million vs. $7.0 million

Three months ended September 30, 2026 vs. 2025

G&A expenses

$4.9 million vs. $3.7 million

Three months ended September 30, 2026 vs. 2025

Net loss

$11.6 million vs. $8.7 million

Three months ended September 30, 2026 vs. 2025

Loss per share

$0.94 vs. $1.08

Basic and diluted; three months ended September 30, 2026 vs. 2025

Previous Earnings Reports

1 past event · Latest: Nov 06

Same Type 1 event

1. Nov 06

   Q3 earnings

   24h Move

   +2.2%

   Reported Q3 2025 net loss of $8.7 million and R&D expense of $7.0 million.

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

Key Terms

orphan drug designation, double-blind, placebo-controlled, hemoglobin a1c

4 terms

orphan drug designation regulatory

"FDA granted Orphan Drug Designation to HPPD"

Orphan drug designation is a special status given to medicines developed to treat rare diseases affecting only a small number of people. This status often provides benefits like faster approval processes and financial incentives, making it more attractive for companies to develop these drugs. For investors, it signals potential for exclusive market rights and reduced competition, which can impact the drug’s profitability.

double-blind medical

"a randomized, double-blind, crossover, multicenter study"

A double-blind process means that neither the people conducting an activity nor the people involved know certain key details, such as who is receiving a treatment or a placebo. This approach helps prevent bias from influencing the results, making the outcome more trustworthy. For investors, it ensures that decisions or judgments are based on unbiased information rather than preconceived opinions or expectations.

placebo-controlled medical

"a randomized, double-blind, placebo-controlled Phase 3 study"

"Placebo-controlled" describes a testing method where one group receives the actual treatment or intervention, while another group receives a harmless, inactive version called a placebo. This approach helps determine whether the real treatment has genuine effects beyond psychological expectations. For investors, understanding this ensures confidence that reported benefits are real and not influenced by bias or false perceptions.

hemoglobin a1c medical

"changes in hemoglobin A1c (HbA1c)"

A1c is a blood test that shows the average level of blood sugar over the previous two to three months, similar to a three-month average on a utility bill rather than a single daily reading. Investors care because A1c is a primary measure used to judge how well diabetes treatments and devices work, influences regulatory approvals, clinical trial success, reimbursement decisions, and the size of markets for related therapies and diagnostics.

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Phase 3 CATT1 trial evaluating cadisegliatin for the treatment of type 1 diabetes (T1D) completed enrollment with 166 participants randomized; topline results expected mid 2027

Randomized the first participant in its Phase 2a Hybrid CATT1 pilot study evaluating cadisegliatin in individuals with T1D who use hybrid closed-loop (HCL) insulin delivery systems

Company hosted a Key Opinion Leader (KOL) event in October, highlighting cadisegliatin and its potential to address hypoglycemia in people with T1D

FDA granted Orphan Drug Designation to HPPD, the Company’s oral, first-in-class Nrf2/Bach1 modulator being investigated as a potential treatment for sickle cell disease

Strong balance sheet expected to fund operations well through Phase 3 CATT1 topline data readout

HIGH POINT, N.C., Nov. 05, 2026 (GLOBE NEWSWIRE) -- vTv Therapeutics Inc. (Nasdaq: VTVT), a late-stage biopharmaceutical company advancing cadisegliatin, a novel oral investigational therapy for type 1 diabetes (T1D), today reported financial results for the third quarter ended September 30, 2026, and provided a corporate update.

In October 2026, the Company announced completion of enrollment in its Phase 3 CATT1 trial and continues to expect topline results in mid 2027, and randomized the first participant in Hybrid CATT1, its Phase 2a study of cadisegliatin in individuals with T1D who use hybrid closed-loop insulin delivery systems. Based on its cash position as of September 30, 2026, vTv expects to have sufficient cash to fund operations well through the anticipated CATT1 topline data readout. Also in October 2026, the U.S. Food and Drug Administration (FDA) granted Orphan Drug Designation to HPPD, the Company’s oral drug candidate being investigated as a potential treatment for sickle cell disease.

“Completing enrollment in the Phase 3 CATT1 trial is a significant milestone for vTv, and we look forward to reporting topline results in mid 2027,” said Paul Sekhri, Chairman, President and Chief Executive Officer of vTv Therapeutics. “In October we also randomized the first participant in Hybrid CATT1, our Phase 2a study of cadisegliatin in people with T1D who use hybrid closed-loop insulin delivery systems. As the experts at our KOL event made clear, hypoglycemia and its broader impact on blood glucose control remain a persistent burden for people with T1D even with the most advanced insulin delivery technology, and cadisegliatin aims to address exactly that.”

“We also continue to make important progress in our broader portfolio of highly differentiated small molecule drug candidates. The FDA recently granted Orphan Drug Designation for HPPD, which has shown promising activity in preclinical models of sickle cell disease. This designation strengthens our ability to advance partnering discussions for this program and provides another opportunity to create value for shareholders.”

Recent Company Highlights

• Phase 3 CATT1 Trial Enrollment Completed. In October 2026, the Company announced completion of enrollment in its Phase 3 CATT1 trial evaluating cadisegliatin as an oral adjunctive therapy to insulin in individuals with T1D. A total of 166 participants were randomized to receive cadisegliatin 800 mg once daily, cadisegliatin 800 mg twice daily, or placebo over six months. The primary efficacy endpoint will assess the incidence of level 2 and level 3 hypoglycemic events. Topline results are expected in mid 2027.
• Initiation of Cadisegliatin Hybrid Closed-Loop Trial (Hybrid CATT1). On October 27, 2026, the Company announced that the first participant had been randomized in its Phase 2a Hybrid CATT1 pilot study evaluating cadisegliatin in individuals with T1D who use hybrid closed-loop (HCL) insulin delivery systems. The Phase 2a Hybrid CATT1 trial is a randomized, double-blind, crossover, multicenter study that will evaluate cadisegliatin in T1D participants using hybrid closed-loop insulin delivery systems to inform the design and operational aspects of future Phase 3 research in this population.
• KOL Event on Cadisegliatin Program. On October 20, 2026, the Company hosted a virtual KOL event featuring T1D experts Schafer Boeder, MD (Paradigm Clinical Research, University of California San Diego) and Klara Klein, MD, PhD (University of North Carolina at Chapel Hill School of Medicine), and acclaimed cellist and T1D advocate Alisa Weilerstein. The event focused on T1D, the significant unmet medical need of hypoglycemia, and the cadisegliatin Phase 3 clinical program. A replay of the event is available in the Investor Relations section of the Company’s website.
• Oral Presentation at Breakthrough T1D Clinical & Research Congress 2026. On October 10, 2026, Chief Medical Officer Thomas Strack, M.D., Ph.D., presented research spotlighting hypoglycemia-related burdens among adults with T1D using automated insulin delivery (AID) systems at the inaugural Breakthrough T1D Clinical & Research Congress (CRC 2026) in Philadelphia, PA. The research, a quantitative online survey commissioned by vTv and conducted by dQ&A Market Research, Inc., examined 674 adults with T1D, of whom 429 were using AID systems. After accounting for overlap across burden dimensions and weighting for A1C, approximately 54% of adults with T1D using an AID system were estimated to experience at least one of four dimensions of hypoglycemia-related burden, reinforcing that hypoglycemia continues to shape daily glucose management despite advances in insulin delivery technology.
• FDA Orphan Drug Designation for HPPD. On October 6, 2026, the FDA granted Orphan Drug Designation to HPPD (HPP8668), an oral, first-in-class Nrf2/Bach1 modulator being investigated as a treatment for sickle cell disease. Preclinical studies conducted at Augusta University using the Townes sickle cell disease mouse model showed that HPPD was orally active and well tolerated, increased fetal hemoglobin, and reduced oxidative stress and red blood cell sickling. The designation will support partnering discussions for HPPD as the Company continues to prioritize cadisegliatin in T1D.
  

Third Quarter 2026 Financial Results

• Cash Position: Cash and cash equivalents as of September 30, 2026, were $77.2 million compared to $88.9 million as of December 31, 2025.
• Research & Development (R&D) Expenses: R&D expenses were $7.5 million and $7.0 million for the three months ended September 30, 2026, and 2025, respectively. The increase was primarily driven by continued investment in the Phase 3 CATT1 trial.
• General & Administrative (G&A) Expenses: G&A expenses were $4.9 million and $3.7 million for the three months ended September 30, 2026, and 2025, respectively. The increase was primarily driven by higher share-based compensation and payroll-related expenses.
• Interest Income: Interest income for the three months ended September 30, 2026, and 2025, of $0.7 million and $0.4 million, respectively, was related to dividend income from the Company's money market accounts.
• Net Loss: Net loss attributable to vTv shareholders for the three months ended September 30, 2026, was $11.6 million or $0.94 per basic and diluted share. Net loss attributable to vTv shareholders for the comparable period a year ago was $8.7 million or $1.08 per basic and diluted share.
  

Upcoming Events

9th Annual Evercore HealthCONx Conference
Format: Fireside Presentation and 1x1 Investor Meetings
Location: Coral Gables, FL
Date: December 2, 2026

vTv Therapeutics Inc. Condensed Consolidated Balance Sheets (in thousands)
	September 30, 2026				December 31, 2025
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	77,164			$	88,932
Prepaid expenses and other current assets		1,440				961
Total current assets		78,604				89,893
Other assets		3				6
Total assets	$	78,607			$	89,899
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses	$	7,024			$	6,557
Warrant liability, related party		—				84
Total current liabilities		7,024				6,641
Contract liabilities		1,830				18,669
Warrant liability		67				152
Total liabilities		8,921				25,462
Commitments and contingencies
Stockholders’ equity:
Class A Common Stock		40				39
Class B Common Stock		—				—
Additional paid-in capital		396,878				391,090
Accumulated deficit		(327,232	)			(326,692	)
Total stockholders’ equity		69,686				64,437
Total liabilities and stockholders’ equity	$	78,607			$	89,899

vTv Therapeutics Inc. Condensed Consolidated Statements of Operations (in thousands, except per share data)
	Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
	(Unaudited)								(Unaudited)
Revenue	$	—			$	—			$	36,839			$	—
Operating expenses:
Research and development		7,531				7,020				25,279				13,953
General and administrative		4,895				3,679				14,653				10,970
Total operating expenses		12,426				10,699				39,932				24,923
Operating loss		(12,426	)			(10,699	)			(3,093	)			(24,923	)
Interest income		734				399				2,384				1,005
Interest expense		—				(5	)			—				(5	)
Other income (expense), net		72				(40	)			169				(19	)
Net loss before income taxes and noncontrolling interest		(11,620	)			(10,345	)			(540	)			(23,942	)
Income tax provision		—				—				—				—
Net loss before noncontrolling interest		(11,620	)			(10,345	)			(540	)			(23,942	)
Less: net loss attributable to noncontrolling interest		—				(1,647	)			—				(4,106	)
Net loss attributable to vTv Therapeutics Inc.	$	(11,620	)		$	(8,698	)		$	(540	)		$	(19,836	)
Net loss attributable to vTv Therapeutics Inc. common shareholders	$	(11,620	)		$	(8,698	)		$	(540	)		$	(19,836	)
Net loss per share of vTv Therapeutics Inc. Class A common stock, basic and diluted	$	(0.94	)		$	(1.08	)		$	(0.04	)		$	(2.80	)
Weighted average number of vTv Therapeutics Inc. Class A common stock, basic and diluted		12,423,917				8,055,940				12,414,224				7,080,681

About the Phase 3 CATT1 Study
Cadisegliatin as Adjunctive Therapy in Type 1 Diabetes (CATT1) (NCT06334133) is a randomized, double-blind, placebo-controlled Phase 3 study evaluating the efficacy and safety of cadisegliatin over six months in individuals with T1D 18 years or older who are on multiple daily insulin injections or continuous subcutaneous insulin infusion, along with continuous glucose monitoring. Participants were randomized to receive cadisegliatin 800 mg once daily, cadisegliatin 800 mg twice daily, or placebo. The primary efficacy endpoint will assess the incidence of level 2 and level 3 hypoglycemic events. Secondary endpoints include changes in hemoglobin A1c (HbA1c), time in target glucose range, and the incidence of diabetic ketoacidosis in cadisegliatin-treated participants compared with placebo. Additional information about the study is available at https://clinicaltrials.gov/study/NCT06334133.

About Cadisegliatin
Cadisegliatin (TTP399) is a novel, oral small-molecule, liver-selective glucokinase activator being investigated in the U.S. as a potential first-in-class oral adjunctive treatment for T1D. In nonclinical studies, cadisegliatin acted selectively on the liver and increased the activity of glucokinase independently of insulin. These studies support clinical investigation of whether cadisegliatin can improve glycemic control through hepatic glucose uptake and glycogen storage. Cadisegliatin has been granted Breakthrough Therapy designation by the U.S. Food and Drug Administration (FDA).

Cadisegliatin is under investigation, and its safety and efficacy have not been established. There is no guarantee that this product will receive health authority approval or become commercially available for the use being investigated.

About HPPD
HPPD (HPP8668) is an investigational, oral, first-in-class Nrf2/Bach1 modulator being developed by vTv Therapeutics for the treatment of sickle cell disease. Preclinical studies in the Townes sickle cell disease mouse model have shown that HPPD induces fetal hemoglobin (HbF) in a time- and dose-dependent manner, with effects comparable to or exceeding hydroxyurea, the current standard HbF-inducing therapy. In addition to HbF induction, HPPD showed reductions in oxidative stress and sickled red blood cells, supporting its potential as a disease-modifying oral therapy with a differentiated mechanism of action. HPPD is under investigation, and safety and efficacy have not been established. There is no guarantee that this product will receive health authority approval or become commercially available for the use being investigated.

About vTv Therapeutics
vTv Therapeutics is a late-stage biopharmaceutical company focused on developing oral, small molecule drug candidates intended to help treat people living with diabetes and other chronic diseases. vTv’s clinical pipeline is led by cadisegliatin, a potential first-in-class oral glucokinase activator being investigated in a U.S. Phase 3 study for the treatment of T1D. vTv and its development partners are investigating multiple molecules across different indications for chronic diseases. Learn more at vtvtherapeutics.com or follow the company on LinkedIn.

Forward-Looking Statements
This release contains forward-looking statements, which involve risks and uncertainties. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other variations or comparable terminology. All statements other than statements of historical facts contained in this release, including statements regarding the timing of our clinical trials, the timing of initiation and conduct of the Phase 2a Hybrid CATT1 study, the sufficiency of our cash to fund operations through the anticipated Phase 3 CATT1 topline data readout, potential partnering of HPPD, the anticipated effect of Phase 3 topline data on the Company, the benefits of cadisegliatin to people living with T1D, our strategy, future operations, future financial position, future revenue, projected costs, prospects, plans, objectives of management and expected market growth are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Important factors that could cause our results to vary from expectations include those described under the heading “Risk Factors” in our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and our other filings with the SEC. These forward-looking statements reflect our views with respect to future events as of the date of this release and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this release and, except as required by law, we undertake no obligation to update or review publicly any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this release. We anticipate that subsequent events and developments will cause our views to change. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, or investments we may undertake. We qualify all our forward-looking statements by these cautionary statements.

Investor Contact
John Fraunces
LifeSci Advisors, LLC
917-355-2395
jfraunces@lifesciadvisors.com

Media Contact
Caren Begun
TellMed Strategies
201-396-8551
caren.begun@tmstrat.com

FAQ

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

When does vTv Therapeutics expect Phase 3 CATT1 results?

vTv expects topline Phase 3 CATT1 results in mid 2027. Enrollment is complete, with 166 participants randomized to evaluate cadisegliatin as an oral treatment alongside insulin for type 1 diabetes.

What doses and outcomes is vTv testing in Phase 3 CATT1?

CATT1 compares cadisegliatin 800 mg once daily, 800 mg twice daily, or placebo over six months, with the primary outcome measuring the incidence of level 2 and level 3 hypoglycemic events, or low-blood-sugar episodes. Secondary outcomes include changes in hemoglobin A1c, time in target glucose range, and incidence of diabetic ketoacidosis compared with placebo.

What is the purpose of vTv Therapeutics' Hybrid CATT1 study?

The Phase 2a Hybrid CATT1 pilot study will inform the design and operational aspects of future Phase 3 research in people with type 1 diabetes using hybrid closed-loop insulin delivery systems. It is a randomized, double-blind, crossover study conducted at multiple centers.