Jun 2026 (Q2 FY26) — Aug 11, 2026
Bicara Therapeutics Q2 FY26 — Leadership Transition and Pivotal Study Progress
Read the full callBicara Therapeutics earnings: last reported Tue, 11 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | -55.4 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $18.81 on 15 Oct 2025 → $16.78. High $30.4 (7 Jul 2026), low $13.93 (10 Nov 2025).
Overview
Call summaries
Bicara Therapeutics Q2 FY26 — Leadership Transition and Pivotal Study Progress
Read the full callEvery analysed call
Financials
Net profit, year on year: −102% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating profit | -21 | -27 | -42 | -32 | -41 | -41 | -60 | -60 |
| Other income | 3 | 6 | 5 | 5 | 4 | 4 | 4 | 5 |
| Profit before tax | -17 | -21 | -37 | -27 | -36 | -37 | -56 | -55 |
| Tax rate | 0.0% | −0.9% | −0.2% | −0.2% | −0.1% | −0.1% | −0.1% | −0.1% |
| Net profit | -17 | -21 | -37 | -27 | -36 | -37 | -56 | -55 |
| EPS ($ per share) | -1.60 | — | -0.68 | -0.50 | -0.67 | — | -0.93 | -0.82 |
| Line item | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Equity capital | 0 | 0 | 0 |
| Reserves | -153 | -221 | -359 |
| Total liabilities | 15 | 18 | 30 |
| Fixed assets | 0 | 0 | 0 |
| Investments | — | 0 | 318 |
| Total assets | 234 | 510 | 431 |
| Line item | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Cash from operations | -46 | -75 | -107 |
| Cash from investing | -1 | -0 | -318 |
| Cash from financing | 272 | 334 | 32 |
| Net cash flow | 226 | 259 | -393 |
| Capital expenditure | -1 | -0 | -0 |
| Free cash flow | -46 | -75 | -107 |
105 filings between Nov 21, 2025 and Sep 8, 2026.
Purchases
$4.80M
1 purchase by 1 insider
Sales
$9.91M
57 sales by 4 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| RA CAPITAL MANAGEMENT, L.P. | $4.80M | — | Feb 26, 2026 |
| Cohlhepp Ryan | — | $3.46M | Sep 8, 2026 |
| Mazumdar Claire | — | $3.14M | Aug 10, 2026 |
| Hyep Ivan | — | $2.57M | Aug 10, 2026 |
| Raben David | — | $740.8K | Apr 27, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 8, 2026 | Cohlhepp Ryan President, COO & Interim CEO | Option exercise 10b5-1 plan | 17,500 | $66.3K |
| Sep 8, 2026 | Cohlhepp Ryan President, COO & Interim CEO | Sale 10b5-1 plan | 3,442 | $80.7K |
| Sep 8, 2026 | Cohlhepp Ryan President, COO & Interim CEO | Sale 10b5-1 plan | 14,058 | $320.1K |
| Aug 10, 2026 | Mazumdar Claire Chief Executive Officer | Option exercise 10b5-1 plan | 10,000 | $37.9K |
| Aug 10, 2026 | Cohlhepp Ryan President and COO | Option exercise 10b5-1 plan | 18,750 | $71.1K |
| Aug 10, 2026 | Mazumdar Claire Chief Executive Officer | Sale 10b5-1 plan | 10,000 | $279.8K |
| Aug 10, 2026 | Hyep Ivan Chief Financial Officer | Sale 10b5-1 plan | 12,500 | $349.6K |
| Aug 10, 2026 | Cohlhepp Ryan President and COO | Sale 10b5-1 plan | 18,750 | $524.5K |
| Aug 10, 2026 | Hyep Ivan Chief Financial Officer | Option exercise 10b5-1 plan | 12,500 | $47.4K |
| Jul 10, 2026 | Mazumdar Claire Chief Executive Officer | Sale 10b5-1 plan | 9,972 | $283.4K |
| Jul 10, 2026 | Mazumdar Claire Chief Executive Officer | Option exercise 10b5-1 plan | 10,000 | $37.9K |
| Jul 10, 2026 | Mazumdar Claire Chief Executive Officer | Sale 10b5-1 plan | 28 | $831 |
| Jul 9, 2026 | Cohlhepp Ryan President and COO | Sale 10b5-1 plan | 536 | $15.5K |
| Jul 8, 2026 | Cohlhepp Ryan President and COO | Sale 10b5-1 plan | 22,833 | $656.7K |
| Jul 8, 2026 | Cohlhepp Ryan President and COO | Option exercise 10b5-1 plan | 18,750 | $71.1K |
| Jul 8, 2026 | Hyep Ivan Chief Financial Officer | Sale 10b5-1 plan | 830 | $25.2K |
| Jul 8, 2026 | Hyep Ivan Chief Financial Officer | Sale 10b5-1 plan | 4,413 | $131.6K |
| Jul 8, 2026 | Hyep Ivan Chief Financial Officer | Option exercise 10b5-1 plan | 12,500 | $47.4K |
| Jul 8, 2026 | Cohlhepp Ryan President and COO | Sale 10b5-1 plan | 4,306 | $128.3K |
| Jul 8, 2026 | Cohlhepp Ryan President and COO | Sale 10b5-1 plan | 1,075 | $32.6K |
| Jul 8, 2026 | Hyep Ivan Chief Financial Officer | Sale 10b5-1 plan | 22,757 | $650.9K |
| May 21, 2026 | Hyep Ivan Chief Financial Officer | Sale 10b5-1 plan | 9,200 | $187.9K |
| May 21, 2026 | Hyep Ivan Chief Financial Officer | Option exercise 10b5-1 plan | 9,200 | $34.9K |
| May 18, 2026 | Mazumdar Claire Chief Executive Officer | Sale 10b5-1 plan | 2,978 | $60.6K |
| May 18, 2026 | Mazumdar Claire Chief Executive Officer | Sale 10b5-1 plan | 12,022 | $240.0K |
| May 18, 2026 | Mazumdar Claire Chief Executive Officer | Option exercise 10b5-1 plan | 15,000 | $56.8K |
| May 15, 2026 | Cohlhepp Ryan President and COO | Option exercise 10b5-1 plan | 8,000 | $30.3K |
| May 15, 2026 | Cohlhepp Ryan President and COO | Sale 10b5-1 plan | 4,500 | $91.3K |
| May 15, 2026 | Cohlhepp Ryan President and COO | Sale 10b5-1 plan | 8,000 | $162.3K |
| Apr 27, 2026 | Raben David Chief Medical Officer | Sale 10b5-1 plan | 5,500 | $125.8K |
| Apr 27, 2026 | Raben David Chief Medical Officer | Option exercise 10b5-1 plan | 5,500 | $20.8K |
| Apr 21, 2026 | Hyep Ivan Chief Financial Officer | Sale 10b5-1 plan | 9,200 | $211.6K |
| Apr 21, 2026 | Hyep Ivan Chief Financial Officer | Option exercise 10b5-1 plan | 9,200 | $34.9K |
| Apr 20, 2026 | Mazumdar Claire Chief Executive Officer | Sale 10b5-1 plan | 15,000 | $354.1K |
| Apr 20, 2026 | Mazumdar Claire Chief Executive Officer | Option exercise 10b5-1 plan | 15,000 | $56.8K |
| Apr 16, 2026 | Mazumdar Claire Chief Executive Officer | Option exercise 10b5-1 plan | 7,454 | $28.2K |
| Apr 16, 2026 | Mazumdar Claire Chief Executive Officer | Option exercise 10b5-1 plan | 8,226 | $36.5K |
| Apr 16, 2026 | Mazumdar Claire Chief Executive Officer | Option exercise 10b5-1 plan | 7,080 | $38.6K |
| Apr 15, 2026 | Cohlhepp Ryan President and COO | Option exercise 10b5-1 plan | 8,000 | $30.3K |
| Apr 15, 2026 | Cohlhepp Ryan President and COO | Sale 10b5-1 plan | 4,500 | $103.5K |
| Apr 15, 2026 | Cohlhepp Ryan President and COO | Sale 10b5-1 plan | 8,000 | $184.1K |
| Mar 25, 2026 | Raben David Chief Medical Officer | Sale 10b5-1 plan | 5,500 | $104.2K |
| Mar 25, 2026 | Raben David Chief Medical Officer | Option exercise 10b5-1 plan | 5,500 | $20.8K |
| Mar 23, 2026 | Hyep Ivan Chief Financial Officer | Option exercise 10b5-1 plan | 9,200 | $34.9K |
| Mar 23, 2026 | Hyep Ivan Chief Financial Officer | Sale 10b5-1 plan | 9,200 | $170.3K |
| Mar 20, 2026 | Mazumdar Claire Chief Executive Officer | Sale 10b5-1 plan | 1,596 | $30.2K |
| Mar 20, 2026 | Mazumdar Claire Chief Executive Officer | Option exercise 10b5-1 plan | 1,596 | $6.0K |
| Mar 19, 2026 | Mazumdar Claire Chief Executive Officer | Sale 10b5-1 plan | 6,905 | $129.7K |
| Mar 19, 2026 | Mazumdar Claire Chief Executive Officer | Option exercise 10b5-1 plan | 6,905 | $26.2K |
| Mar 18, 2026 | Mazumdar Claire Chief Executive Officer | Option exercise 10b5-1 plan | 6,499 | $24.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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