BBIO
Published on 05/07/2026 at 04:23 pm EDT
PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — BridgeBio Pharma Inc. (BBIO) on Thursday reported a loss of $164 million in its first quarter.
The Palo Alto, California-based company said it had a loss of 84 cents per share.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 70 cents per share.
The rare disease drug developer posted revenue of $194.5 million in the period, which topped Street forecasts. Eight analysts surveyed by Zacks expected $179.8 million.
BridgeBio Pharma shares have decreased 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $67.58, a climb of 89% in the last 12 months.
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