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Summit Therapeutics SMMT Payments to Akeso for upfront milestone payments

Discontinued — last reported Q4 '25

Payments to Akeso for upfront milestone payments at other companies

Insmed logo
InsmedINSM
$15M
Insmed logo
InsmedINSM
$15M
Biogen logo
BiogenBIIB
$50M
Royalty Pharma logo
Royalty PharmaRPRX
$50M0.0%
Roivant Sciences logo
Roivant SciencesROIV
$0
Axsome Therapeutics logo
Axsome TherapeuticsAXSM
-$3.26M-42.8%

Other financials

Income statement

See full
Revenue-
Operating income-$65.6M-81.2%
Net income-$189.4M-201%
EPS (diluted)-$0.24-167%

Balance sheet

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Cash & equivalents$8.2M+7.2%
Total debt$20.0M+211%
Total equity$545.9M+58.5%
Total assets$647.9M+68.8%

Cash flow

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Operating cash flow-$122.3M-99.9%
CapEx$245.0K-41.9%
Free cash flow-$122.5M-99.0%

Valuation

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Market cap$10.67B+3.3%
Enterprise value$10.68B+3.4%

Profitability

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Operating margin-268,266.8%-272,316pp
Net margin-271,685%-275,966pp
FCF margin-5,931.6%+4,730pp

Returns & leverage

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Return on equity-271%-1,725pp
Debt / equity0.0×
Current ratio7.4×-3.2×

Where this comes from

Reported directly by Summit Therapeutics in its filing.

Tagged under the XBRL concept smmt:PaymentsForCollaborativeArrangement.

The official record: Summit Therapeutics’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Summit Therapeutics's payments to akeso for upfront milestone payments?
Summit Therapeutics (SMMT) reported payments to akeso for upfront milestone payments of $0 in Q4 2025.
What does payments to akeso for upfront milestone payments mean?
Cash paid to partners for licensing or development milestones.
How do you interpret payments to akeso for upfront milestone payments?
Higher payments indicate aggressive pipeline expansion or high-value licensing deals, while lower payments suggest a focus on internal R&D or a lack of new partnership activity.
How does payments to akeso for upfront milestone payments compare across companies?
Common in biotech firms utilizing in-licensing strategies; peers often disclose these as 'upfront payments' or 'milestone payments' in the investing section.