Scholar Rock Holding (SRRK) Q3 FY2026 earnings: revenue $570,000

Scholar Rock Holding Corp. (SRRK) reported revenue of $570,000 for Q3 FY2026, the quarter ended 30 September 2026. Net income was -$107 million, and diluted earnings per share $-0.81. The figures are the company's own, from the 10-Q it filed with the SEC on 10 November 2026.

Revenue

$570,000

Q1 FY2022Q3 FY2026

Operating margin

-18607.2%

Q1 FY2022Q3 FY2026

Net income

-$107 million

Q1 FY2022Q3 FY2026

Diluted EPS

-$0.81

Q1 FY2022Q3 FY2026

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

What management said

Guidance figures: 4 new, 2 kept.

Net loss rose, per-share loss narrowed: The company reported a net loss of $107.2 million, including $17.9 million of stock-based compensation, against $102.2 million a year earlier. Net loss per share was $0.81, against $0.90.
First ISEMBYLD sales recorded: The company recorded net product revenue of $0.6 million from U.S. ISEMBYLD sales. No revenue was recorded a year earlier. Product shipped to the specialty network before quarter-end.
FDA approved ISEMBYLD in September: FDA approved ISEMBYLD on September 11, 2026, for adults and children two years and older receiving an SMN2-targeted treatment. The company calls it the first and only muscle-targeted SMA therapy.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	0.6	0.0	0.0
Cost of revenue	0.0	n/a	0.0
Gross profit	0.6	n/a	0.0
Gross margin	98.6%	n/a	n/a
Research and development	54.1	58.2	50.5	-7.1%	+7.2%
Selling, general and administrative	52.5	n/a	53.1		-1.1%
Operating income	-106	-109	-104
Operating margin	-18607.2%	n/a	n/a
Interest expense	4.6	4.5	1.3	+2.6%	+247.4%
Net income	-107	-110	-102
Net margin	-18813.9%	n/a	n/a
Diluted EPS	-$0.81	-$0.84	-$0.90

$ million except per share.

Fourth 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

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	-81.8	-70.3	-68.9
Capital expenditure	0.1	0.0	0.1	+10,000.0%	+20.2%
Free cash flow	-81.9	-70.3	-69.0
Free cash flow margin	-14369.8%	n/a	n/a
Cash from investing	7.9	-5.5	59.7		-86.7%
Cash from financing	3.1	83.1	144	-96.2%	-97.8%
Depreciation and amortisation	0.3	0.3	0.4	-13.1%	-39.0%
Share-based compensation	17.9	19.7	18.3	-8.9%	-2.3%
Diluted shares, weighted	132m	131m	114m	+1.3%	+16.4%
Shares outstanding at period end	122m	122m	99m	+0.3%	+23.0%

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

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	169	254	245	-33.5%	-31.2%
Debt	196	196	99.6	+0.0%	+97.0%
Operating lease liabilities	1.0	1.3	5.1	-26.9%	-81.3%
Other liabilities	80.1	72.2	62.0	+10.9%	+29.3%
Total liabilities and equity	446	524	412	-14.8%	+8.3%
Fixed assets	1.0	1.2	2.1	-15.6%	-53.5%
Investments	47.3	55.0	82.9	-13.9%	-42.9%
Cash and equivalents	366	437	287	-16.2%	+27.7%
Receivables	0.7	n/a	n/a
Inventory	0.8	n/a	n/a
Other assets	29.9	30.3	40.0	-1.2%	-25.1%
Total assets	446	524	412	-14.8%	+8.3%

Questions

What was Scholar Rock Holding's revenue in Q3 FY2026?

Scholar Rock Holding (SRRK) reported revenue of $570,000 for Q3 FY2026, the quarter ended 30 September 2026.

How much did Scholar Rock Holding earn in Q3 FY2026?

Net loss for Q3 FY2026 was $107 million, and the diluted loss per share $0.81.

When did Scholar Rock Holding report Q3 FY2026 results?

Scholar Rock Holding filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 10 November 2026.

Quarterly results, the last 20 quarters

	Q1 FY2019	Q2 FY2019	Q3 FY2019	Q4 FY2019 *	Q1 FY2020	Q2 FY2020	Q3 FY2020	Q4 FY2020 *	Q1 FY2021	Q2 FY2021	Q3 FY2021	Q4 FY2021 *	Q1 FY2022	Q2 FY2022 *	Q3 FY2022 *	Q4 FY2022 *	Q3 FY2025	Q1 FY2026	Q2 FY2026 *	Q3 FY2026
Revenue	3.1	5.0	4.8	7.6	5.0	3.9	3.0	3.4	4.7	4.6	5.5	4.0	33.2	0.0	0.0	0.0	0.0	0.0	0.0	0.6
Cost of revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	n/a	n/a	0.0
Gross profit	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	n/a	n/a	0.6
Gross margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	99%
R&D	10.7	13.7	15.7	14.1	16.9	17.0	18.4	21.8	22.5	25.6	31.3	29.1	29.4	32.1	33.4	29.6	50.5	51.8	58.2	54.1
SG&A	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	53.1	n/a	n/a	52.5
Operating income	-11.7	-13.4	-17.1	-12.3	-17.7	-19.5	-23.6	-26.1	-27.2	-30.3	-37.1	-35.4	-6.9	-43.1	-43.9	-40.4	-104	-102	-109	-106
Operating margin	-377%	-266%	-358%	-163%	-352%	-499%	-778%	-760%	-578%	-659%	-679%	-873%	-21%	n/a	n/a	n/a	n/a	n/a	n/a	-18607%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	1.3	2.3	4.5	4.6
Net income	-10.8	-12.5	-16.1	-11.6	-17.1	-19.3	-23.6	-26.6	-27.7	-30.7	-37.5	-35.9	-8.0	-44.0	-43.3	-39.3	-102	-106	-110	-107
Net margin	-346%	-249%	-338%	-153%	-339%	-494%	-776%	-773%	-588%	-668%	-686%	-887%	-24%	n/a	n/a	n/a	n/a	n/a	n/a	-18814%
Diluted EPS	-$0.42	-$0.48	-$0.55	-$0.40	-$0.58	-$0.65	-$0.79	-$0.79	-$0.76	-$0.84	-$1.02	-$0.97	-$0.21	n/a	n/a	n/a	-$0.90	-$0.83	-$0.84	-$0.81
Operating cash flow	-15.5	-16.4	-15.1	-16.1	2.6	-19.8	-23.4	-19.7	-26.5	-31.8	-36.0	-32.5	-42.6	-34.7	-26.5	-28.9	-68.9	-82.1	-70.3	-81.8
Capital expenditure	0.7	0.6	0.4	1.5	0.2	0.1	1.8	2.0	2.3	1.0	1.4	0.5	0.4	0.5	0.0	0.1	0.1	0.1	0.0	0.1
Free cash flow	-16.2	-17.0	-15.5	-17.5	2.4	-19.9	-25.2	-21.7	-28.9	-32.8	-37.4	-33.0	-43.0	-35.2	-26.5	-29.0	-69.0	-82.2	-70.3	-81.9
Shares outstanding	26m	29m	30m	30m	30m	30m	30m	34m	34m	34m	35m	35m	35m	52m	52m	52m	99m	119m	122m	122m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* 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. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. 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 10 November 2026: the filing.