Sarepta Therapeutics SRPT

Sarepta Therapeutics reports Q3 2026 results

Item 2.02 Reports results

Form
8-K
Filed
Importance
Major
  1. Net product revenues of $323.8 million for Q3 2026
  2. GAAP operating loss of ($9.0) million and non-GAAP operating income of $22.9 million
  3. Raised 2026 total net product revenue guidance to $1.25 billion to $1.3 billion
  4. Prepared for Phase 3 development in DM1 and FSHD programs

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The reading, claim by claim

  1. Under Item 2.02, it reported that it issued a press release that day announcing its financial results for the quarter ended September 30, 2026, furnished as Exhibit 99.1.
  2. Item 2.02 states that the information, including Exhibit 99.1, shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.
  3. Item 9.01 lists the press release dated November 5, 2026 as Exhibit 99.1.
  4. The report is signed by Michael Severino, M.D., Chief Executive Officer.
  5. The press release says net product revenues for the third quarter 2026 totaled approximately $323.8 million.
  6. That consisted of approximately $240.3 million of PMO net product revenues and $83.5 million of ELEVIDYS® net product revenue.
  7. It reports a GAAP operating loss of ($9.0) million and non-GAAP operating income of $22.9 million.
  8. The release reports approximately $998.7 million in cash, cash equivalents, restricted cash and investments.
  9. It raises the low end of total net product revenue guidance by $50.0 million to a range of $1.25 billion to $1.3 billion.
  10. It lowers the high end of combined non-GAAP R&D and SG&A expense guidance by $25.0 million to a range of $800 million to $825 million.

10 of 10 claims matched the filing text.

For perspective, checked against its own source

From the 10-Q for the quarter ended September 30, 2026

  • In its 10-Q for the quarter ended September 30, 2026, Sarepta reported revenue of $323.8 million and net income of -$28.5 million.

From the filing

Item 2.02 Results of Operations and Financial Condition.

Item 2.02 Results of Operations and Financial Condition.

On November 5, 2026, Sarepta Therapeutics, Inc. issued a press release announcing its financial results for the quarter ended September 30, 2026.1 1The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.1

The information in Item 2.02 of this Form 8-K (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 19342, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Number

Description

99.13

Press Release dated November 5, 20263

104

The cover page from this Current Report on Form 8-K of Sarepta Therapeutics, Inc., formatted in Inline XBRL and included as Exhibit 101

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Sarepta Therapeutics, Inc.

Date:

November 5, 2026

By:

/s/ Michael Severino, M.D.4

Michael Severino, M.D.4

Chief Executive Officer4

Sarepta Therapeutics Announces Third Quarter 2026 Financial Results and Recent Corporate Developments

– Upcoming multiple ascending dose data from SRP-1003 in DM1 and SRP-1001 in FSHD expected by year end; Company is actively preparing for Phase 3 development in both programs – Net product revenues for the third quarter 2026 totaled approximately $323.8 million5, consisting of approximately $240.3 million of PMO net product revenues and $83.5 million of ELEVIDYS® net product revenue6 – Continued disciplined financial execution with positive cash flow and GAAP operating loss of ($9.0) million and non-GAAP operating income of $22.9 million for the third quarter 20267 – Updates to 2026 guidance range include raising lower end of total net product revenue by $50.0 million, driven by strong PMO performance, and lowering higher end of expense by $25.0 million, reflecting operating discipline

– Growing evidence base across ambulatory population reinforces ELEVIDYS benefit-risk profile, with new clinical, biomarker and real-world data supporting durability of benefit, robust dystrophin expression and approaches to liver safety risk mitigation

CAMBRIDGE, Mass. -- (BUSINESS WIRE) -- Nov. 5, 2026 -- Sarepta Therapeutics, Inc. (NASDAQ:SRPT), the leader in precision genetic medicine for rare diseases, today reported financial results for the third quarter of 2026.

"After my first 90 days at Sarepta, I believe the fundamental strengths that attracted me to the company remain firmly intact: a durable Duchenne franchise, a promising pipeline with the potential to deliver differentiated medicines, and the financial strength to invest in our highest-value opportunities," said Michael Severino, M.D., chief executive officer, Sarepta. "This quarter, we saw continued strength in our commercial execution. Our upcoming DM1 and FSHD datasets are important opportunities to demonstrate the depth of knockdown and downstream biological effects we believe our platform can achieve. We are already preparing both programs for potential late-stage development with the intent of moving efficiently if the results support advancement. We have work to do, and I want us to be measured by execution, but I believe Sarepta has the commercial foundation, pipeline opportunities and financial strength to deliver meaningful long-term value."

Corporate Highlights:

• DM1 and FSHD programs advancing toward MAD data in fourth quarter of 2026 and preparing for late-stage development: Multiple ascending dose data from SRP-1003 and SRP-1001 are expected in the fourth quarter of 2026, providing important insights including DMPK knockdown and splicing correction in DM1 and DUX4 knockdown in FSHD. Sarepta is actively preparing for Phase 3 development in both programs, including beginning manufacturing of clinical supply. The Company is preparing for both accelerated and traditional approval potential pathways, with the ultimate regulatory strategy to be informed by the data and discussions with FDA.

• SRP-1003 demonstrates robust nuclear DMPK knockdown in DM1: New preclinical data presented at the 2026 Oligonucleotide Therapeutics Society Annual Meeting demonstrated that SRP-1003 reduced pathogenic DMPK mRNA in both the nucleus and cytoplasm in a dose-dependent manner, achieving comparable knockdown in each compartment. Nuclear target engagement was supported by three independent methodologies, with correction of MBNL-dependent mis-splicing providing functional evidence that SRP-1003 is degrading disease-causing RNA within the nucleus.

• Financial strength supports late-stage DM1 and FSHD execution: Delivered another quarter of non-GAAP operating profit and positive cash flow, ending with approximately $998.7 million in cash, cash equivalents, restricted cash and investments8. Our balance-sheet strength and commercial cash flows are expected to provide the resources to fund these programs through late-stage development while maintaining disciplined capital allocation.

• 2026 Guidance: Company expects ELEVIDYS net product revenue in the fourth quarter to trend in line with the third quarter, consistent with previous guidance and subject to normal variability associated with one-time gene therapy. The Company expects the PMO franchise to remain strong and is updating its full-year guidance ranges, raising the low end of total net product revenue guidance by $50.0 million to a range of $1.25 billion to $1.3 billion9. The Company also narrows its full-year combined non-GAAP R&D and SG&A expenses, lowering the high end of expense guidance by $25.0 million to a range of $800 million to $825 million.10

• Growing evidence base reinforces the ELEVIDYS benefit-risk profile: At the 2026 World Muscle Society Annual Congress, Company presented ELEVIDYS data in ambulatory patients ages 8 to 12 at the time of treatment demonstrating durable and clinically meaningful benefit across the North Star Ambulatory Assessment and timed function measures over two years compared with a well-matched external control group. Company also presented data in patients treated at ages 2 and 3 demonstrating robust ELEVIDYS-dystrophin expression and sarcolemmal localization 12 weeks after infusion. At the Annual Neuromuscular Study Group Scientific Meeting, initial results from the Phase 4 ENDURE study provided preliminary real-world data evaluating approach

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