Home / Going-concern warnings / Biomea Fusion, Inc.
Filed 2025-11-04 路 Form 10-Q 路 Accession 0001193125-25-264679 micro
Price before filing: $1.32 (2025-11-03 close, split/dividend-adjusted)
Market cap at flag: $91.1M (2025-11-04) 路 Latest: $62.9M (2026-10-16)
| Window | BMEA | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -9.8% | +0.2% | -10.0% | 2025-12-04 |
| 90 days | -16.7% | +2.1% | -18.7% | 2026-02-02 |
| 180 days | +12.1% | +5.7% | +6.4% | 2026-05-04 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 2 insiders bought $154K (3 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-11-04: red flag filed | |||||||
| 2025-11-28 | Erdtmann Rainer M See Remarks, Director | Purchase | 40,000 | $1.10 | $44K | no | Form 4 |
| 2025-12-01 | Erdtmann Rainer M See Remarks, Director | Purchase | 10,000 | $1.05 | $10K | no | Form 4 |
| 2025-12-02 | Hitchcock Michael J.M. Interim CEO, Director | Purchase | 100,000 | $0.99 | $99K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-06 to 2025-12-04. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Accordingly, there is substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-09-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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