Savara Inc. filed its quarterly report on Form 10-Q with the SEC on August 11, 2026, covering the three- and six-month periods ended June 30, 2026, disclosing a net loss of $40.2 million for the second quarter and $77.5 million for the first half of the year.

Key Highlights

  • Q2 2026 net loss: $40,228 thousand, compared to $30,401 thousand in Q2 2025.
  • Six-month net loss: $77,512 thousand for the first half of 2026, versus $57,040 thousand for the same period in 2025.
  • Total assets: $192,138 thousand as of June 30, 2026, down from $253,436 thousand at December 31, 2025.
  • Cash and short-term investments: $41,800 thousand in cash and equivalents plus $131,234 thousand in short-term investments as of June 30, 2026.
  • Accumulated deficit: $685,599 thousand as of June 30, 2026, up from $608,087 thousand at December 31, 2025.
  • Shares outstanding: 205,460,015 shares of common stock as of August 11, 2026.
  • Authorized share increase: Common stock authorized shares increased to 600,000,000 as of June 30, 2026, from 300,000,000 as of December 31, 2025.

Savara's Operating Costs and Cash Position in the First Half of 2026

According to the filing, Savara Inc. (NASDAQ:SVRA) reported total operating expenses of $40,965 thousand for Q2 2026, up from $31,440 thousand in Q2 2025. For the six months ended June 30, 2026, total operating expenses reached $79,955 thousand, compared to $59,874 thousand in the prior-year period. The company disclosed that research and development expenses were $21,951 thousand in Q2 2026 and $45,349 thousand for the first half of 2026, while general and administrative expenses were $18,986 thousand and $34,554 thousand for the same periods, respectively.

The filing reported other income, net of $737 thousand for Q2 2026, which included interest income of $829 thousand, partially offset by a foreign currency exchange loss of $81 thousand and a change in fair value of royalty agreement derivative liability of $11 thousand. For the six-month period, the company reported other income, net of $2,443 thousand, which included tax credit income of $853 thousand. Basic and diluted net loss per share was $0.16 for Q2 2026, compared to $0.14 for Q2 2025, based on weighted-average shares outstanding of 253,569,891 and 216,431,348, respectively.

On the balance sheet, total stockholders' equity declined to $143,660 thousand as of June 30, 2026, from $203,133 thousand at December 31, 2025. Stock-based compensation totaled $18,492 thousand for the six-month period, according to the statements of changes in stockholders' equity. Long-term debt stood at $30,109 thousand as of June 30, 2026. The company also disclosed that it changed its principal executive offices address from 1717 Langhorne Newtown Road, Suite 300, Langhorne, Pennsylvania 19047 to 19 West College Avenue, Suite 200, Yardley, Pennsylvania 19067.

What Was Disclosed

Savara Inc. disclosed its unaudited condensed consolidated financial statements for the quarter and six months ended June 30, 2026, showing increased operating losses, a reduced total asset base, and an expanded accumulated deficit compared to December 31, 2025.