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Maze Therapeutics (MAZE) Q3 FY2026 earnings: revenue $0

Maze Therapeutics, Inc. (MAZE) reported revenue of $0 for Q3 FY2026, the quarter ended 30 September 2026. Net income was -$48 million, and diluted earnings per share $-0.79. The figures are the company's own, from the 10-Q it filed with the SEC on 9 November 2026.

Revenue
$0
Q2 FY2024Q3 FY2026
Operating margin
n/a
Q2 FY2024Q3 FY2026
Net income
-$48 million
Q2 FY2024Q3 FY2026
Diluted EPS
-$0.79
Q2 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 4 kept.

  • Net loss widened year on year: The company reported a third-quarter net loss of $48.0 million, or $0.79 per share, against $30.1 million, or $0.66 per share, a year earlier. The nine-month net loss was $116.9 million, or $2.02 per share.
  • HORIZON enrollment completed above target: Enrollment in the Phase 2 HORIZON trial of MZE829 is complete, with more than 50 patients across three cohorts. The company said this exceeded the 10-15 patients per cohort target.
  • Final HORIZON data moved to early 2027: Final data are expected in early 2027 for AMKD without diabetes, AMKD with diabetes, and AMKD with FSGS. The prior quarter had given a window of late 2026 or early 2027.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026A year earlierOn the quarterOn the yearLast 8 quarters
Revenue0.00.0n/a
Research and development40.234.9n/a+15.1%
Operating income-51.5-48.0n/a
Interest expense1.00.9n/a+4.7%
Net income-48.0-44.7n/a
Diluted EPS-$0.79-$0.76n/a
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026A year earlierOn the quarterOn the yearLast 8 quarters
Operating cash flow-32.8-15.1n/a
Capital expenditure0.30.1n/a+169.2%
Free cash flow-33.1-15.2n/a
Cash from investing-31.4-129n/a
Cash from financing15.8147n/a-89.3%
Depreciation0.40.4n/a-1.5%
Share-based compensation8.59.2n/a-7.0%
Diluted shares, weighted61m59mn/a+3.2%
Shares outstanding at period end56m56mn/a+1.7%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026A year earlierOn the quarterOn the yearLast 8 quarters
Shareholders' equity429453n/a-5.4%
Debt39.139.0n/a+0.4%
Operating lease liabilities15.616.6n/a-6.0%
Other liabilities28.323.0n/a+23.3%
Total liabilities and equity512532n/a-3.8%
Fixed assets4.44.4n/a-0.9%
Investments323292n/a+10.5%
Cash and equivalents154203n/a-23.9%
Other assets30.232.3n/a-6.5%
Total assets512532n/a-3.8%

Questions

What was Maze Therapeutics' revenue in Q3 FY2026?

Maze Therapeutics (MAZE) reported revenue of $0 for Q3 FY2026, the quarter ended 30 September 2026.

How much did Maze Therapeutics earn in Q3 FY2026?

Net loss for Q3 FY2026 was $48 million, and the diluted loss per share $0.79.

When did Maze Therapeutics report Q3 FY2026 results?

Maze Therapeutics filed its 10-Q for the year that ended with the quarter on 9 November 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 6 quarters

Q2 FY2024Q3 FY2024Q2 FY2025Q1 FY2026Q2 FY2026 *Q3 FY2026 *
Revenue1652.50.020.00.00.0
R&D19.519.928.134.134.940.2
Operating income140-24.2-36.5-26.6-48.0-51.5
Operating margin85%-969%n/a-133%n/an/a
Interest expensen/an/an/a0.90.91.0
Pre-tax income141-25.0-33.7n/an/an/a
Tax rate1%n/an/an/an/an/a
Net income139-24.8-33.7-24.2-44.7-48.0
Net margin84%-990%n/a-121%n/an/a
Diluted EPS$3.22-$10.25-$0.77-$0.45-$0.76-$0.79
Operating cash flow145-23.2-30.1-39.1-15.1-32.8
Capital expenditure0.20.10.40.10.10.3
Free cash flow145-23.3-30.4-39.2-15.2-33.1
Shares outstanding44m48m44m50m56m56m
Filing10-Q10-Q10-Q10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 9 November 2026: the filing.