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Dianthus Therapeutics DNTH First Development Program — Potential Milestone Payments Due

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Other financials

Income statement

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Revenue$396.0K-81.8%
Operating income-$46.5M-40.3%
Net income-$40.8M-38.4%
EPS (diluted)-$0.85-3.7%

Balance sheet

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Cash & equivalents$627.7M+6,105%
Total debt$1.4M-2.3%
Total equity$1.2B+266%
Total assets$1.2B+258%

Cash flow

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Operating cash flow-$28.9M-4.4%
CapEx$10.0K-58.3%
Free cash flow-$28.9M-4.4%

Valuation

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Market cap$6.15B+838%
Enterprise value$5.52B+758%

Profitability

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Operating margin-4,558.4%-9,354pp
Net margin-4,104.8%-7,304pp
FCF margin-3,561.6%-6,956pp

Returns & leverage

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Return on equity-28.6%+3.2pp
Debt / equity0.0×
Current ratio29.3×+13.3×

Where this comes from

Reported directly by Dianthus Therapeutics in its filing.

Tagged under the XBRL concept dnth:PotentialMilestonePaymentsDue.

The source filing: Dianthus Therapeutics’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:06 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001690585-26-000022

Upon the achievement, with the first development program with IONTAS, of (i) certain development milestones and (ii) certain commercial milestones, the Company is obligated to make payments to IONTAS of up to £3.1 million (approximately $4.1 million based on the March 31, 2026 exchange rate) and £2.3 million (approximately $3.0 million based on the March 31, 2026 exchange rate), respectively. Upon the achievement, with the second development program with IONTAS, of certain development milestones, the Company is obligated to make payments to IONTAS of up to £2.5 million (approximately $3.3 million based on the March 31, 2026 exchange rate). The Company recorded $0.2 million during each of the three months ended March 31, 2026 and 2025, respectively, for amounts owed under the IONTAS collaborative research license agreement, including milestone payments, within the research and development expenses line item in the unaudited condensed consolidated statements of operations and comprehensive loss.

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Dianthus Therapeutics's first development program — potential milestone payments due?
Dianthus Therapeutics (DNTH) reported first development program — potential milestone payments due of $4.1M in Q1 2026.
How has Dianthus Therapeutics's first development program — potential milestone payments due changed year-over-year?
Dianthus Therapeutics's first development program — potential milestone payments due increased by 2.5% year-over-year, from $4M to $4.1M.
What does first development program — potential milestone payments due mean?
This metric represents the total future financial obligations triggered by the achievement of specific clinical, regulatory, or commercial milestones associated with the company's lead drug development program. It serves as a key indicator of potential capital requirements and future cash outflows tied to the advancement of the primary pipeline asset. Monitoring these obligations is essential for assessing the company's long-term liquidity needs and the financial impact of successful product development.

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