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Disc Medicine (NASDAQ: IRON) reports ~$791M cash, outlines 2026 goals

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Disc Medicine, Inc. furnished an update on its liquidity, stating that preliminary unaudited cash, cash equivalents and marketable securities totaled approximately $791 million as of December 31, 2025. This figure is an estimate and may change once the year-end financial close and audit procedures are completed, so it is not a substitute for the company’s upcoming Form 10-K.

The company also highlighted recent achievements and key business objectives and milestones for 2026 and is sharing further details through a press release and an investor presentation. Disc Medicine plans to use these materials during its participation in the 44th Annual J.P. Morgan Healthcare Conference, including a scheduled investor presentation on January 14, 2026.

Positive

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Insights

Disc Medicine reports a strong preliminary year-end cash position and outlines 2026 priorities, but full financials are still pending.

Disc Medicine, Inc. disclosed that its preliminary unaudited cash, cash equivalents and marketable securities were approximately $791 million as of December 31, 2025. This signals substantial available liquidity, which is important in biotechnology where clinical development and commercialization can require significant ongoing investment.

The company emphasized that the figure is based on preliminary internal estimates and remains subject to change following completion of its year-end close and external audit procedures. No additional financial metrics or operating results were provided in this disclosure, so the broader profitability and spending profile are not yet visible.

Disc Medicine also referenced recent achievements and key business objectives and milestones for 2026, and will present these at the 44th Annual J.P. Morgan Healthcare Conference using materials filed as Exhibits 99.1 and 99.2. These materials, together with the forthcoming Form 10-K for the year ended December 31, 2025, are expected to give a more complete view of the company’s operational progress and capital deployment plans.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 12, 2026

 

 

DISC MEDICINE, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-39438

85-1612845

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

321 Arsenal Street

Suite 101

 

Watertown, Massachusetts

 

02472

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 617 674-9274

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, par value $0.0001 per share

 

IRON

 

The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 2.02 Results of Operations and Financial Condition.

On January 12, 2026, Disc Medicine, Inc. (the “Company”) issued a press release announcing, among other things, that its preliminary unaudited cash, cash equivalents and marketable securities as of December 31, 2025 were approximately $791 million. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

The Company has not yet completed its year-end financial close process for the year ended December 31, 2025. This estimate of the Company’s cash, cash equivalents and marketable securities as of December 31, 2025 is preliminary and is subject to change upon completion of the Company’s financial statement closing procedures. The Company’s independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to this preliminary result and, accordingly, does not express an opinion or any other form of assurance about it. Additional information and disclosure would be required for a more complete understanding of the Company’s financial position and results of operations as of December 31, 2025. The information presented herein should not be considered a substitute for the financial information the Company files with the Securities and Exchange Commission in its annual report on Form 10-K for the year ended December 31, 2025. The Company has no intention or obligation to update the preliminary estimate of its cash, cash equivalents and marketable securities set forth above.

 

The information contained in Item 2.02 of this Current Report on Form 8-K is intended to be furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as expressly provided by specific reference in such filing.

Item 7.01 Regulation FD Disclosure.

On January 12, 2026, the Company also announced its recent achievements and key business objectives and milestones for 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Commencing on January 12, 2026, the Company will participate in the 44th Annual J.P. Morgan Healthcare Conference (the “Conference”). A copy of the Company's presentation materials that it intends to use at the Conference, including at a previously announced investor presentation on January 14, 2026, is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.

The information contained in Item 7.01 of this Current Report on Form 8-K (including Exhibits 99.1 and 99.2 attached hereto) is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as expressly provided by specific reference in such filing. The Company undertakes no obligation to update, supplement or amend the materials attached hereto as Exhibit 99.1 or Exhibit 99.2.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit No.

 

Description

 

 

 

99.1

 

Disc Medicine, Inc. press release, dated January 12, 2026

99.2

 

Disc Medicine, Inc. presentation, dated January 2026

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

DISC MEDICINE, INC.

 

 

 

 

Date:

January 12, 2026

By:

/s/ John Quisel, J.D., Ph.D.

 

 

 

Name: John Quisel, J.D., Ph.D
Title: Chief Executive Officer

 


FAQ

What preliminary cash balance did Disc Medicine (IRON) report as of December 31, 2025?

Disc Medicine reported that its preliminary unaudited cash, cash equivalents and marketable securities totaled approximately $791 million as of December 31, 2025.

Is Disc Medicine’s reported $791 million cash figure for 2025 final and audited?

No. The approximately $791 million balance is preliminary and unaudited and may change after Disc Medicine completes its year-end financial close and related audit procedures.

Does this 8-K include Disc Medicine’s full 2025 financial results?

No. The disclosure focuses on a preliminary estimate of cash, cash equivalents and marketable securities; it states that full financial information will be provided in Disc Medicine’s Form 10-K for the year ended December 31, 2025.

What 2026 plans did Disc Medicine (IRON) reference in this filing?

Disc Medicine noted its recent achievements and key business objectives and milestones for 2026, which are described in a press release attached as Exhibit 99.1 and incorporated by reference.

Which investor events is Disc Medicine participating in according to this 8-K?

Disc Medicine stated it will participate in the 44th Annual J.P. Morgan Healthcare Conference and use presentation materials attached as Exhibit 99.2, including for an investor presentation on January 14, 2026.

Are the press release and presentation in this Disc Medicine 8-K considered filed or furnished?

The information in Items 2.02 and 7.01, including Exhibits 99.1 and 99.2, is stated to be furnished and not deemed “filed” for purposes of Section 18 of the Exchange Act.
Disc Medicine Inc

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Biotechnology
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United States
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