Syndax Pharmaceuticals

Syndax Pharmaceuticals (SNDX) Q3 2025 Earnings

Reported Nov 3, 2025 at 4:02 PM ET · SEC Source

Q3 25 EPS

$-0.70

BEAT +1.55%

Est. $-0.71

Q3 25 Revenue

$45.9M

MISS 4.38%

Est. $48.0M

vs S&P Since Q3 25

+56.7%

BEATING MARKET

SNDX +67.7% vs S&P +10.9%

Market Reaction

Did SNDX Beat Earnings? Q3 2025 Results

Syndax Pharmaceuticals delivered a mixed but broadly encouraging third quarter, narrowing its per-share loss to $0.70 against a consensus estimate of $0.71, a 1.55% beat, while revenue of $45.87 million fell 4.38% short of the $47.97 million analysts… Read more Syndax Pharmaceuticals delivered a mixed but broadly encouraging third quarter, narrowing its per-share loss to $0.70 against a consensus estimate of $0.71, a 1.55% beat, while revenue of $45.87 million fell 4.38% short of the $47.97 million analysts had expected. The top-line figure was nonetheless striking in context, representing a 267.0% year-over-year surge from the $12.50 million recorded when the company was still pre-commercial. The primary engine behind that growth was Revuforj, its first-in-class menin inhibitor, which generated $32.01 million in net product revenue and saw prescriptions climb 25% sequentially, while collaboration revenue from Niktimvo contributed an additional $13.86 million. Shares jumped roughly 14% following the report, with analysts tightening their loss-per-share outlook for 2026 to $1.25. Looking ahead, Syndax narrowed full-year operating expense guidance to $380 million to $385 million, and management said its $456.13 million cash position, combined with growing product revenue, positions the company to reach profitability without raising additional capital.

Key Takeaways

  • Revuforj net revenue grew 12% sequentially with total prescriptions up 25% quarter-over-quarter to approximately 850
  • Niktimvo net revenue grew 27% sequentially to $45.8 million with 80% of U.S. bone marrow transplant centers having ordered
  • FDA approval of Revuforj for second indication (R/R NPM1m AML) on October 24, 2025
  • Inclusion of revumenib in NCCN Guidelines for R/R NPM1m AML on September 18, 2025
  • R&D expenses declined due to absence of $15 million Niktimvo approval milestone payment from prior year and completion of registrational trial
  • 90% of Niktimvo patients who started in Q1 remain on therapy
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SNDX YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

24/7 Wall St

SNDX Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“The third quarter was another remarkable period of commercial and pipeline execution for Syndax. Demand remained strong for Revuforj and Niktimvo with over $75 million in combined net sales for the quarter.”

— Michael A. Metzger, Q3 2025 Earnings Press Release