Jun 2026 (Q2 FY26) — Aug 12, 2026
Milestone Pharmaceuticals Q2 FY26 — Cardamyst Launch Progress and AFib-RVR Phase 3 Initiation
Read the full callMilestone Pharmaceuticals earnings: last reported Wed, 12 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 | 0.56 | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Operating margin | -4585.0 | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. | |
| Net profit | -28.6 | 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: $1.94 on 17 Oct 2025 → $0.7. High $2.95 (11 Dec 2025), low $0.7 (19 Oct 2026).
Overview
Call summaries
Milestone Pharmaceuticals Q2 FY26 — Cardamyst Launch Progress and AFib-RVR Phase 3 Initiation
Read the full callEvery analysed call
Financials
Net profit, year on year: −121% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | — | — | 0 | 0 | — | — | 0 | 1 |
| Expenses | — | — | 21 | 13 | — | — | 24 | 26 |
| Operating profit | -10 | -12 | -21 | -13 | -12 | -17 | -24 | -26 |
| Operating margin | — | — | — | — | — | — | −9942.4% | −4585.0% |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 |
| Net profit | -9 | -12 | -21 | -13 | -12 | -17 | -26 | -29 |
| EPS ($ per share) | -0.14 | — | -0.31 | -0.20 | -0.12 | — | -0.20 | -0.21 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2 | 226 | 252 | 252 | 274 | 261 | 288 | 353 |
| Reserves | -58 | -113 | -163 | -208 | -266 | -326 | -368 | -431 |
| Total liabilities | 5 | 9 | 7 | 7 | 8 | 58 | 62 | 72 |
| Fixed assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 0 | — | 70 | 0 | 57 | 52 | 44 | 33 |
| Total assets | 88 | 123 | 150 | 120 | 74 | 75 | 75 | 114 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -21 | -51 | -51 | -33 | -52 | -46 | -29 | -49 |
| Cash from investing | 16 | -0 | -70 | 70 | -57 | 5 | 8 | 11 |
| Cash from financing | 80 | 85 | 73 | 5 | 3 | 48 | 32 | 86 |
| Net cash flow | 75 | 34 | -48 | 42 | -107 | 6 | 12 | 48 |
| Capital expenditure | -0 | -0 | — | — | -0 | -0 | -0 | -0 |
| Free cash flow | -21 | -52 | — | — | -53 | -47 | -29 | -49 |
24 filings between Dec 9, 2025 and Apr 16, 2026.
Purchases
None
No insider bought shares.
Sales
$1.18M
13 sales by 5 insiders
23% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 1 gift.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Oliveto Joseph | — | $555.7K | Apr 16, 2026 |
| Hasija Amit | — | $158.2K | Jan 26, 2026 |
| Bharucha David | — | $158.2K | Jan 26, 2026 |
| Nelson Jeffrey Edward | — | $158.2K | Jan 26, 2026 |
| Muller Lorenz | — | $145.9K | Jan 26, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Apr 16, 2026 | Oliveto Joseph President and CEO | Sale 10b5-1 plan | 36,500 | $82.5K |
| Jan 26, 2026 | Bharucha David Chief Medical Officer | Option exercise | 20,100 | — |
| Jan 26, 2026 | Oliveto Joseph President and CEO | Option exercise | 66,600 | — |
| Jan 26, 2026 | Oliveto Joseph President and CEO | Sale | 34,523 | $66.6K |
| Jan 26, 2026 | Muller Lorenz Chief Commercial Officer | Option exercise | 20,100 | — |
| Jan 26, 2026 | Muller Lorenz Chief Commercial Officer | Sale | 11,180 | $21.6K |
| Jan 26, 2026 | Hasija Amit CFO & EVP of Corp. Development | Option exercise | 20,100 | — |
| Jan 26, 2026 | Hasija Amit CFO & EVP of Corp. Development | Sale | 12,245 | $23.6K |
| Jan 26, 2026 | Bharucha David Chief Medical Officer | Sale | 12,245 | $23.6K |
| Jan 26, 2026 | Nelson Jeffrey Edward Chief Operating Officer | Option exercise | 20,100 | — |
| Jan 26, 2026 | Nelson Jeffrey Edward Chief Operating Officer | Sale | 12,245 | $23.6K |
| Jan 8, 2026 | Oliveto Joseph President and CEO | Sale 10b5-1 plan | 43,000 | $96.8K |
| Jan 7, 2026 | Oliveto Joseph President and CEO | Sale 10b5-1 plan | 500 | $1.1K |
| Dec 15, 2025 | Hasija Amit CFO & EVP of Corp. Development | Sale | 58,007 | $134.6K |
| Dec 15, 2025 | Bharucha David Chief Medical Officer | Sale | 58,007 | $134.6K |
| Dec 15, 2025 | Nelson Jeffrey Edward Chief Operating Officer | Sale | 58,007 | $134.6K |
| Dec 15, 2025 | Oliveto Joseph President and CEO | Sale | 133,054 | $308.7K |
| Dec 15, 2025 | Muller Lorenz Chief Commercial Officer | Sale | 53,566 | $124.3K |
| Dec 12, 2025 | Muller Lorenz Chief Commercial Officer | Award | 100,000 | — |
| Dec 12, 2025 | Nelson Jeffrey Edward Chief Operating Officer | Award | 100,000 | — |
| Dec 12, 2025 | Oliveto Joseph President and CEO | Award | 280,000 | — |
| Dec 12, 2025 | Bharucha David Chief Medical Officer | Award | 100,000 | — |
| Dec 12, 2025 | Hasija Amit CFO & EVP of Corp. Development | Award | 100,000 | — |
| Dec 9, 2025 | Muller Lorenz Chief Commercial Officer | Gift | 25,000 | $0 |
| Jul 11, 2025 | Muller Lorenz Chief Commercial Officer | Award | 66,666 | — |
| Jul 11, 2025 | Bharucha David Chief Medical Officer | Award | 53,333 | — |
| Jul 11, 2025 | Oliveto Joseph President and CEO | Award | 66,666 | — |
| Jul 11, 2025 | PAPA JOSEPH C Director | Award | 100,000 | — |
| Jul 11, 2025 | Liebert Debra K. Director | Award | 16,666 | — |
| Jul 11, 2025 | Wills Robert James Director | Award | 50,000 | — |
| Jul 11, 2025 | Hasija Amit CFO & EVP of Corp. Development | Award | 50,000 | — |
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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