Revelation Biosciences (NASDAQ: REVB) reports Q2 loss, $11.5M cash
Rhea-AI Filing Summary
Revelation Biosciences, Inc. reported financial results for the three and six months ended June 30, 2026 and highlighted progress on its Gemini programs. Net loss was $3,323,384, or $(0.87) per share, for the quarter and $6,332,435, or $(3.41) per share, for the six-month period.
Cash and cash equivalents were $11,482,792 as of June 30, 2026, compared with $10,700,331 at December 31, 2025, and the company expects this to fund operations through the first quarter of 2027. Total stockholders’ equity was $10,066,986, with 3,908,420 common shares outstanding. Operationally, Revelation advanced start-up activities for a Phase 2/3 acute kidney injury study of Gemini, formed and expanded an Acute Kidney Injury Advisory Board, and cited an independent assessment indicating a potential $94 billion total addressable market for Gemini.
Positive
- None.
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- None.
Filing Explained
The August 6 results are furnished, not filed, and show a larger common-share base of 3,908,420 shares at June 30, 2026.
An 8-K reports a specified material event, and this filing furnishes the company’s June 30 financial results under Item 2.02 rather than treating the release as filed under Section 18 of the Exchange Act.
The balance sheet reports 3,908,420 common shares outstanding at
8-K Event Classification
Key Figures
Key Terms
Acute Kidney Injury medical
total addressable market financial
toll-like receptor 4 (TLR4) medical
operating lease right-of-use asset financial
deemed dividends financial
Earnings Snapshot
Based on current operating plans and projections, the company believes its current cash and cash equivalents are sufficient to fund operations through the first quarter of 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What net loss did Revelation Biosciences (REVB) report for Q2 2026?
What were Revelation Biosciences (REVB) results for the six months ended June 30, 2026?
How much cash does Revelation Biosciences (REVB) have and what is its runway?
What clinical progress did Revelation Biosciences (REVB) report for Gemini?
What market opportunity did Revelation Biosciences (REVB) cite for Gemini?
What were Revelation Biosciences (REVB) operating expenses in the first half of 2026?
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
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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 August 6, 2026, Revelation Biosciences, Inc. issued a press release announcing its financial results for the three and six months ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1.
The information in Item 2.02 and in Exhibit 99.1 will not be treated as “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. This information will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or into another filing under the Exchange Act, unless that filing expressly incorporates this information by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. |
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Description |
99.1 |
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Press release, dated August 6, 2026 |
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Cover Page Interactive Data File (embedded with 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 thereunto duly authorized.
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REVELATION BIOSCIENCES, INC. |
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Date: August 6, 2026 |
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/s/ Chester S. Zygmont, III |
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Chester S. Zygmont, III |
Exhibit 99.1
Revelation Biosciences, Inc. Announces Financial Results
For the Three and Six Months Ended June 30, 2026
SAN DIEGO – August 6, 2026 – Revelation Biosciences, Inc. (NASDAQ: REVB) (the “Company” or “Revelation”), a clinical-stage life sciences company developing innovative solutions to treat acute and chronic disease, today reported its financial results for the three and six months ended June 30, 2026.
Corporate Highlights
“Start-up activities for our pivotal clinical study of Gemini in acute kidney injury patients continue to progress,” said James Rolke, Chief Executive Officer of Revelation. “Our focus remains on starting enrollment by year-end, for the benefit of those patients and, ultimately, to deliver value for our shareholders.”
Results of Operations
As of June 30, 2026, Revelation had $11.5 million in cash and cash equivalents, compared to $10.7 million as of December 31, 2025. The increase in cash and cash equivalents was primarily due to net cash proceeds from the January 2026 warrant inducement, offset by cash used for operating activities. Based on current operating plans and projections, Revelation believes its current cash and cash equivalents are sufficient to fund operations through the first quarter of 2027.
Net cash used for operating activities for the three months ended June 30, 2026 was $2.6 million compared to net cash used for operating activities of $1.9 million for the same period in 2025. Net loss for the three months ended June 30, 2026 was $3.3 million, or $0.87 basic and diluted net loss per share compared to net loss of $2.4 million, or $28.04 basic and diluted net loss per share for the three months ended June 30, 2025. Net loss for the six months ended June 30, 2026 was $6.3 million, or $3.41 basic and diluted net loss per share compared to net loss of $4.5 million, or $54.39 basic and diluted net loss per share for the six months ended June 30, 2025.
About Gemini
Gemini is the Company’s proprietary formulation of phosphorylated hexaacyl disaccharide (PHAD®), a toll-like receptor 4 (TLR4) agonist. TLR4 stimulation with Gemini rebalances the innate immune response and has been demonstrated to have the potential to treat acute and chronic diseases associated with dysregulated inflammation. Gemini is currently being evaluated as a potential treatment for acute kidney injury (GEM-AKI); Gemini is also being developed as a treatment for chronic kidney disease (GEM-CKD), as a treatment to reduce hyperinflammation and infection associated with severe burn (GEM-PBI), and as a treatment to prevent post-surgical infection (GEM-PSI). The potential of Gemini to correct dysregulated inflammation has been demonstrated in multiple preclinical models of AKI, CKD, and infection, as well as in two Phase 1 clinical studies. See additional detail here.
About Revelation Biosciences, Inc.
Revelation Biosciences, Inc. is a clinical-stage life sciences company focused on rebalancing inflammation using its proprietary formulation, Gemini. Revelation has multiple ongoing programs to evaluate Gemini as a treatment for acute kidney injury, a treatment of chronic kidney disease, prevention of post-surgical infection, and a treatment to reduce hyperinflammation and infection associated with severe burn.
For more information, please visit www.RevBiosciences.com.
Forward-Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. These forward-looking statements are generally identified by the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions. We caution investors that forward-looking statements are based on management’s expectations and are only predictions or statements of current expectations and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those anticipated by the forward-looking statements. Revelation cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date they were made. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the ability of Revelation to meet its financial and strategic goals, due to, among other things, competition; the ability of Revelation to grow and manage growth, profitability, and retain its key employees; the possibility that Revelation may be adversely affected by other economic, business, and/or competitive factors; risks relating to the successful development of Revelation’s product candidates; the ability to successfully complete planned clinical studies of its product candidates; the risk that we may not fully enroll our clinical studies or enrollment will take longer than expected; risks relating to the occurrence of adverse safety events and/or unexpected concerns that may arise from data or analysis from our clinical studies; changes in applicable laws or regulations; expected initiation of the clinical studies, the timing of clinical data; the outcome of the clinical data, including whether the results of such studies are positive or whether they can be replicated; the outcome of data collected, including whether the results of such data and/or correlation can be replicated; the timing, costs, conduct and outcome of our other clinical studies; the anticipated treatment of future clinical data by the FDA, the EMA or other regulatory authorities, including whether such data will be sufficient for approval; the success of future development activities for its product candidates; potential indications for which product candidates may be developed; the ability of Revelation to maintain the listing of its securities on NASDAQ; the expected duration over which Revelation’s balances will fund its operations; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the SEC by Revelation.
REVELATION BIOSCIENCES, INC.
Consolidated Statements of Operations
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Three Months Ended |
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Six Months Ended |
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2026 |
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2025 |
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2026 |
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2025 |
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Operating expenses: |
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Research and development |
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$ |
1,918,424 |
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$ |
1,317,980 |
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$ |
3,295,285 |
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$ |
2,176,810 |
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General and administrative |
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1,743,817 |
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1,143,249 |
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3,459,456 |
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2,379,406 |
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Total operating expenses |
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3,662,241 |
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2,461,229 |
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6,754,741 |
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4,556,216 |
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Loss from operations |
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(3,662,241 |
) |
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(2,461,229 |
) |
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(6,754,741 |
) |
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(4,556,216 |
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Other income (expense), net: |
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Other income (expense), net |
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338,857 |
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16,803 |
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422,306 |
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59,289 |
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Change in fair value of warrant liability |
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— |
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44 |
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— |
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1,460 |
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Total other income (expense), net |
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338,857 |
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16,847 |
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422,306 |
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60,749 |
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Net loss |
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$ |
(3,323,384 |
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$ |
(2,444,382 |
) |
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$ |
(6,332,435 |
) |
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$ |
(4,495,467 |
) |
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Deemed dividends |
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— |
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(3,181,786 |
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(5,681,616 |
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(3,181,786 |
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Net loss attributable to common stockholders |
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(3,323,384 |
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(5,626,168 |
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(12,014,051 |
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(7,677,253 |
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Net loss per share, basic and diluted |
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$ |
(0.87 |
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$ |
(28.04 |
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$ |
(3.41 |
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$ |
(54.39 |
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Weighted-average shares used to compute net loss per share, basic and diluted |
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3,829,363 |
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200,668 |
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3,520,259 |
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141,140 |
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REVELATION BIOSCIENCES, INC.
Consolidated Balance Sheets
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June 30, |
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December 31, |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
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$ |
11,482,792 |
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$ |
10,700,331 |
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Prepaid expenses and other current assets |
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201,724 |
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111,297 |
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Total current assets |
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11,684,516 |
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10,811,628 |
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Property and equipment, net |
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172,032 |
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18,067 |
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Operating lease right-of-use asset |
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610,443 |
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722,288 |
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Other assets |
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30,941 |
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30,941 |
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Total assets |
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$ |
12,497,932 |
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$ |
11,582,924 |
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LIABILITIES AND STOCKHOLDERS’ EQUITY |
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Current liabilities: |
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Accounts payable |
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$ |
931,093 |
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$ |
577,501 |
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Accrued expenses |
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759,937 |
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1,397,644 |
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Operating lease liability |
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189,370 |
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23,013 |
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Total current liabilities |
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1,880,400 |
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1,998,158 |
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Operating lease liability, net of current portion |
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550,546 |
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723,771 |
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Total liabilities |
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2,430,946 |
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2,721,929 |
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Commitments and Contingencies (Note 4) |
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Stockholders’ equity: |
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Common Stock, $0.001 par value; 500,000,000 shares authorized; 3,908,420 and 1,583,969 issued and outstanding at June 30, 2026 and December 31, 2025, respectively |
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3,908 |
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1,584 |
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Additional paid-in-capital |
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65,814,800 |
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58,278,698 |
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Accumulated deficit |
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(55,751,722 |
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(49,419,287 |
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Total stockholders’ equity |
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10,066,986 |
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8,860,995 |
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Total liabilities and stockholders’ equity |
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$ |
12,497,932 |
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$ |
11,582,924 |
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Company Contacts
Mike Porter
Investor Relations
Porter LeVay & Rose, Inc.
Email: mike@plrinvest.com
Chester Zygmont, III
Chief Financial Officer
Revelation Biosciences, Inc.
Email: czygmont@revbiosciences.com